- Equity markets opened lower but have rallied into positive territory as
markets eagerly await the delayed TARP announcement and the Senate's stimulus
vote. The Senate is expected to pass its stimulus bill tomorrow, while media
reported that initial discussions have already begun to reconcile the House and
Senate versions of the package, including the final size of the package.
Speculation continues to swirl on what form TARP !! might take, with talk this
morning suggesting Geithner's plan will focus on bringing in private capital to
more efficiently price toxic assets. Note that Bank of America, General
Electric and Citi are up considerably. Front-month crude is showing strength,
rising $2 above $42, after comments from OPEC Secretary General El-Badri that
the organization has reached 80% compliance with its latest round of production
cuts. Treasury yields continue to trudge higher with 2-year gaining 1%, 5-year
above 2%, and the benchmark moving above 3%.
- Loews Corp reported posted an unexpected loss of almost $1B or $2.20/shr
compared to the +$0.60 consensus view which management blamed on losses at CNA
Financial, in which it holds a 90% stake. CNA reported a surprise Q4 loss of
$0.15 versus expectations of +$0.30 gain. According to Loews, the continuing
trouble in debt and equity markets resulted in significant realized and
unrealized losses in CNAs investment portfolio and declines in net investment
income during 2008. Shares of Loews have popped into positive territory after
opening -4%, while shares of CAN-3% have been highly volatile. NYSE Euronext is
down 8% or so after missing estimates by a bit, restating the obvious fact that
it sees plenty of negative pressure on trading volumes. Cigarette maker
Lorillard smoked out Q4 consensus estimates and headed up 4% in early trading.
General Electric is up 8% on no specific news, while DryShips is up more than
10% after successfully restructuring one of its troubled debt facilities.
- The greenback maintained a softer tone during the New
York morning as oil prices rose, with EUR/USD
retesting last week's highs around 1.3090. Sterling
was firmer against its trading pairs as continued positive comments from
numerous analysts helped it recover from January lows. The JPY was mixed in the
session as risk aversion concerns coupled with concerns over the Japanese
economy fought for trading-theme dominance. Chatter circulated that Japan's
Q4 GDP could be the worst since the 1974 oil crisis, while BoJ Chief Economist
Momma commented that he expected a large contraction in the data.
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Mon 26 Feb 2018 A 15:00 US- New Homes Sales Tue 27 Feb 2018 A 08:55 DE- Jobless B 13:30 US- Durable Goods A 15:00 US- CB Consumer Confidence A 15:00 US- Pending Homes Sales AA 15:00 US- Powell House Testimony Wed 28 Feb 2018 A 10:00 EZ- flash HICP AA 13:30 US- GDP A 15:30 US- EIA Crude Thu 1 Mar 2018 A All Day final Mfg PMIs A 13:30 US- Weekly Jobless AA 13:30 US- Core PCE Deflator AA 15:00 US- Powell Senate Testimony A 15:30 US- EIA Crude Fri 2 Mar 2018 AA 15:00 US- final Univ of Mich
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Veteran FX Trader, Max McKegg, forecasts all the Major currencies and the Australasians; providing Daily and Medium Term Trading forecasts to subscribers, who include large Banks the world over, as well as individual traders in more than 30 different countries.
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The Global-View Forex Forum is the hub for currency trading on the web. Founded in 1996, it was the original forex forum and is still the place where forex traders around the globe come 24/7 looking for currency trading ideas, breaking forex news, fx trading rumors, fx flows and more. This is where you can find a full suite of forex trading tools, including a complete fx database, forex chart points, live currency rates, and live fx charts. In addition, there is a forex brokers directory where you can compare forex brokers. There is also a forex brokers hotline where you can ask for help choosing a forex broker that meets your individual fx trading needs. Interact on the same venue to discuss forex trading.
The forex forum is where traders come to discuss the forex market. It is one of the few places where forex traders of all levels of experience, from novice to professionals, interact on the same venue to discuss forex trading. There is also the GVI Forex, which is a private subscription service where professional and experienced currency traders meet in a private forex forum. it is like a virtual forex trading room. This is open to forex traders of all levels of experience to view but only experienced currency tradingprofessionals can post.
Currency trading charts are updated daily using the forex trading ranges posted in the Global-View forex database. You will also find technical indicators on the fx trading charts, e.g. moving averages for currencies such as the EURUSD. This is another forex trading tool provided by Global-View.com.
The forex database can be used to access high, low, close daily forex ranges for key currency pairs, such as the EURUSD, USDJPY, USDCHF, GBPUSD, USDCAD, AUD, NZD and major crosses, including EURJPY, EURGBP, EURCHF, GBPJPY, GBPCHF and CHFJPY. Data for these currency trading pairs dating back to January 1, 1999 can be downloaded to an Excel spreadsheet.
Forex chart points are in a currency trading table that includes; latest fx tradinghigh-low-close range, Bollinger Bands, Fibonacci retracement levels, daily forex pivot points support and resistance levels, average daily forex range, MACD for the different currency trading pairs. You can look on the forex forum for updates when one of the fx trading tools is updated.
Global-View also offers a full fx trading chart gallery that includes fx pairs, such as the EURUSD, commodities, stocks and bonds. In a fx trading world where markets are integrated, the chart gallery is a valuable trading tool. Look for updates on the Forex Forum when the chart gallery is updated.
Global-View.com also offers a forex blog, where articles of interest for currency trading are posted throughout the day. The forex blog articles come from outside sources, including forex brokers research as well as from the professionals at Global-View.com. This forex blog includes the Daily Forex View, Market Chatter and technical forex blog updates. In additional to its real time forex forum, there are also Member Forums available for more in depth forex trading discussions.
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