User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday February 12, 2009 - 16:36:22 GMT
Trade the News Staff -

Share This Story:
| | Email

Forex Blog - US Market Update

Today 11:28am

US Market Update

Dow -152 S&P -15 NASDAQ -14

- The surprisingly positive US advanced retail sales data has failed to aid equity trade in the early going, as investors fix on the worsening unemployment numbers and uncertainty over bailout and stimulus plans. Although the 1.0% increase in retail sales was the biggest rise since November 2007, many are dismissing the uptick as a dead cat bounce fueled by panic discounting. And last week's jobless claims data was revised to 631K, making it the highest reading since October 1982. To top it all off, the large than expected decline in December Business inventory data suggests more downside for the Q4 GDP revision set for Feb 27. Treasury markets are marginally higher on the soft equity action. The Long bond yield is sitting just below 3.5% ahead of this afternoon's $14B 30-year auction results.

- Equity traders continue to keep a close eye on commodity markets, especially gold. The April contract tested $950 briefly about a half hour from stocks putting in their morning lows. In the oil markets traders remain focused on widening spreads across the curve and between products. March crude has slipped another 3% to dip below $35 while gasoline is up another 2%. The April contract has traded at more than a $7 premium to the crude contract, and the Dec is roughly $20 above March. 

- A continuing lack of clarity on the administration's plans for cleaning up toxic assets seems to be forcing down shares of the leading US banks after they bounced back somewhat yesterday. Citi, Bank of America and JP Morgan are down 6% while Wells Fargo is down more than 8%. Health insurance leader Aetna beat earnings and revenue estimates slightly, but investors are disappointed by the firm's 57% y/y profit decline, sending shares of AET down more than 4% before recovering mid morning. Fellow insurer Hartford informed investors it is ineligible for more commercial paper borrowing following ratings downgrades from Moody's and S&P earlier this month, forcing it to file a big $3B ASR. Shares of HIG are down nearly 10% in the early going. 

- Dow component Coca-Cola came in a bit ahead of earnings estimates while missing revenue targets; shares of KO+4% are strong in early trading. Hotel giant Marriott missed top and bottom line missed top- and bottom-line estimates; it also guided below par for the coming quarter and the full year. MAR fell 6% before the open but has come off its worst levels mid morning. Shares of auto components firm BorgWarner started out underwater but are headed straight up +5% in early trading after the firm beat consensus EPS forecasts and said it expects positive earnings in 2009. JA Solar is down 10% or so after cutting its 2009 forecast, dragging solar sector ETF TAN down around 2%.

- Currency trading has been rocked by chatter and rumors of option barriers, alleged stops and key players placing big orders. USD/JPY hit the 89.90 level, below which the chatter called for USD sell stops, although this talk was offset somewhat by bids from Kampo, the Japanese Postal System. The level was tested before the USD rose back to 90.45. GBP/USD centered on rumors of large GBP sell-stops building below the 1.4120 level. The session low was 1.4137, with the pair bouncing a big figure to trade around 1.4230 in the New York session. EUR/USD was all about the 1.27 level. Dealer chatter insisted that 1.2700 was the lower part of a 1.27/ 1.37 Do No Touch (DNT) option barrier with a €10M payout. The option is rumored to expire at the New York cut on Friday. Note that the euro has been on the defensive following the Euro Zone Industrial data, which registered its largest annual decline on record. 

- Eastern European currencies continued to limp along. EUR/CZK tested its highest level in 18 months, while the ruble managed to keep under the 41 ceiling against its basket. Dealer chatter circulated that the Russian Central Bank sent commercial banks a letter warning against misusing government bailout cash to bet against the ruble. Meanwhile the Russia's Central Bank's reserves declined by almost $5B in the week.



Legal disclaimer and risk disclosure

All information provided by Trade The News (a product of Trade The News, Inc. "referred to as TTN hereafter") is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to Buy or Sell securities. Although information is taken from sources deemed reliable, no guarantees or assurances can be made to the accuracy of any information provided. 1. Information can be inaccurate and/or incomplete 2. Information can be mistakenly re-released or be delayed, 3. Information may be incorrect, misread, misinterpreted or misunderstood 4. Human error is a business risk you are willing to assume 5. Technology can crash or be interrupted without notice 6. Trading decisions are the responsibility of traders, not those providing additional information. Trade The News is not liable (financial and/or non-financial) for any losses that may arise from any information provided by TTN. Trading securities involves a high degree of risk, and financial losses can and do occur on a regular basis and are part of the risk of trading and investing.


Forex Trading News

Forex Research

Daily Forex Market News
Forex news reports can be found on the forex research headlines page below. Here you will find real-time forex market news reports provided by respected contributors of currency trading information. Daily forex market news, weekly forex research and monthly forex news features can be found here.

Forex News
Real-time forex market news reports and features providing other currency trading information can be accessed by clicking on any of the headlines below. At the top of the forex blog page you will find the latest forex trading information. Scroll down the page if you are looking for less recent currency trading information. Scroll to the bottom of fx blog headlines and click on the link for past reports on forex. Currency world news reports from previous years can be found on the left sidebar under "FX Archives."

Actionable trading levels delivered to YOUR charts in real-time.

Register To Test Your Amazing Trader

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Tue 17 July 2018
AA 08:30 GB- Employment
A 13:15 US- Industrial Production
AA 14:00 US-Powell Testimony
Wed 18 July 2018
AA 08:30 GB- CPI
A 12:30 US- Housing Starts/Permits
AA 14:00 US-Powell Testimony
Thu 19 July 2018
AA 1:30 AU- Employment
AA 08:30 GB- Retail Sales
A 14:30 US- EIA Crude
A 12:30 US- Weekly Jobless
Fri 20 Jun 2018
A 12:30 CA- CPI/Retail Sales

John M. Bland, MBA
co-founding Partner,

Global-View Affiliate Program

We are starting an affiliate program to market some of our products.

Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.

Put the word "affiliate" in the email subject line.

Contact us

Start trading with forex broker Markets Cube

Max McKegg's Daily Forex Trading Forecasts

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.

Request a TRIAL of Max's Forex Service.


Retail Forex Brokerage Changing!

Are you looking for your first broker or do you need of a new one? There are more critical things to consider than you might have thought.

We were trading long before there were online brokers. Global-View has been directly involved with the industry since its infancy. We've seen everything and are up-to-data with recent regulatory changes.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools

Terms of Use    Disclaimer    Privacy Policy    Contact    Site Map

Forex Forum
Forex Trading Forum
Forex Forum + forex rates
Forex Forum Archives
Forex Forum RSS
Free Registration

Trading Forums
Currency Forum Guide
Forum Directory
Open Forum
Futures Forum
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

Online Forex Trading
Forex Trading Tools
Currency Trading Tools
Forex Database
FX Chart Points
Risk/Carry Trade Chart Points
Economic Calendar
Quicklinks to Economic Data
Currency Futures Swaps
Fibonacci Calculator
Currency Futures Calculator

Forex Education
Forex Learning Center
FX Trading Basics Course
Forex Trading Course
Forex Trading Handbook

Forex Analysis
Forex Forecasts
Interest Rate Forecasts
Central Bank Forecasts

FX Charts and Quotes
Live FX Rates
Live Global Market Quotes
Live Forex Charts
US Dollar Index Chart
Global Chart Gallery
Daily Market Tracker
Forex News
Forex Blog
Forex News
Forex Blog Archives
Forex News RSS
Forex Services
Forex Products
GVI Forex
Free Trials
FX Bookstore
FX Jobs and Careers
Jobs USA
Jobs UK
Jobs Canada

Forex Forum

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.

Forex News

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

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

Forex Brokers

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 Trading

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.

FX Trading

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.

Forex Blog 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 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.



By using this website, you are agreeing to our Privacy Policy and Terms of Use, and Cookie Policy

Copyright ©1996-2014 Global-View. All Rights Reserved.
Hosting and Development by Blue 105