User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday October 20, 2009 - 15:32:51 GMT
Trade the News Staff -

Share This Story:
| | Email

Forex Blog - US Market Update

Tuesday, October 20, 2009 11:28:06 AM

 US Market Update

Dow -35 S&P -4.35 NASDAQ -7

- Equity trading is muddling by this morning, as indices remain well off yesterday's highs, but declines are modest in light of the recent strong performance. The morning's housing data was lackluster, with the Sept housing starts and building permits both lower than expected. Adding to the downbeat tone, the National Retail Federation poll showed that US consumers plan to spend 3.2% less on a y/y basis on holiday shopping in 2009, stating that "Americans are not ready to declare an end to the recession." Overnight the front-month NYMEX crude contract took another run at $80 but is trading well below $79 in mid morning trade as markets await this afternoon's API inventory report. Treasury prices got a boost from more benign producer price data with continued compression seen along the curve. The benchmark spread has narrowed below 240 basis points while the long bond yields has retreated back towards 4.15%.

- Caterpillar's quarterly report was almost schizophrenic: thanks to a big tax benefit the company had earnings that were nearly an order of magnitude greater than the consensus view, while revenue fell short of expectations. Guidance for the remainder of FY09 remains below par, while CAT's initial view of 2010 revenue was much better than the Street expected. The story was similar at fellow Dow component DuPont: earnings outperformed while revenue fell somewhat short. DuPont also tightened up its EPS guidance range for FY09, and warned that revenue would remain flat next quarter, below expectations. Dow name Coca Cola's results were more or less in line with expectations. Shares of CAR are up 4% but off their best levels, while DD is down 2%.

- In tech, Apple has yet again surprised to the upside, beating the Street's top- and bottom-line expectations handily, although the firm's EPS guidance for next quarter was notably lower than the consensus. On the conference call, Apple executives said iPhone supply was short "virtually everywhere," and bragged that the iPhone has been deployed in more than 50%+ of Fortune100. Texas Instruments modestly exceeded expectations in its Q3 and its guidance for Q4. On TXN's call, the CFO said demand in all segments was stronger than expected in Q3. Shares of AAPL are up 5% and TXN is up 2%.

- The military-industrial complex had solidly profitable third quarter. Both Dow component United Technology and Lockheed Martin beat earnings expectations, although LMT's revenue was a bit behind the Street. Both firms offered firmly in line FY09 guidance, while LMT's FY10 outlook lagged expectations. Shares of UTX are climbing out of the red to around even, while LMT is down nearly 6%.

- Regional banking name Bank of New York topped consensus revenue and earnings projections. Executives said the bank took advantage of the recent strength in the fixed income markets to cut risk exposure by selling or recognizing losses on a significant portion of its investment securities portfolio. Regions Financial's loss was much bigger than expected, although revenue held together. With both ROE and ROA falling precipitously, the picture is not bright for the troubled firm. Asset manager State Street offered solidly in line quarterly results. BK is up 6% in early trading and RF has gained steadily since the open to trade up 4%. STT is -6%.

- Dow component Pfizer had largely in line results in the quarter, although the firm's full-year revenue guidance blew away analysts' expectations. Medical device maker Boston Scientific beat on earnings but missed revenue targets by a hair. BSX's EPS outlook for next quarter and the full year is well ahead of expectations, while full-year revenue guidance remains a bit below the Street. Note that BSX's CEO said Congress's health reform bill could be very damaging to the healthcare industry as a whole, and expects the legislation to double BSX's tax liability. Healthcare giant UnitedHealth was solidly in line with expectations, although its initial outlook for 2010 fell behind the consensus view. BSX has fallen off a cliff, down 16%, PFE is up just more than 1% and UNH is up 5%.

- In currencies, verbal intervention continued in the New York session as the Bank of Canada noted that the appreciation of the loonie has offset favorable economic developments since July. USD/CAD surged just over 100 pips to test 1.0425 area. Russian Central Banker Ulyukayev dismissed speculation of an imminent reweighing of the ruble basket and commented that there was no reason to change composition of reserves due to USD weakness. He viewed the weak dollar as a correction rather than devaluation. French President Advisor Guaino commented that the 1.50 level in EUR/USD would be a "disaster" for European industry. Note that the 1.50 option barrier in EUR/USD was successfully defended once again, and the pair remains with striking distance of fresh 14-month highs. Sterling maintained a constructive tone throughout the NY morning, and GBP/USD was testing its 14-month downtrend line on the approach of 1.65 ahead of BoE Gov King's speech later today.


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

Mon 10 Sep 2018
AA 08:30 GB- GDP, Trade, Output
Tue 11 Sep 2018
AA 08:30 GB- Employment Decision
A 09:00 DE- ZEW Survey
Wed 12 Sep 2018
A 12:30 US- PPI
A 14:30 US- EIA Crude
A 18:00 US- Beige Book
Thu 13 Sep 2018
A 1:30 AU- Employment
AA 11:00 GB- Bank of England Decision
AA 11:45 EZ- European Central Bank Decision
A 12:30 US- Weekly Jobless
AA 12:30 US- CPI
Fri 14 Sep 2018
A 08:30 GB- GDP
AA 12:30 US- Retail Sales
A 13:15 US- Industrial Production
AA 14:00 US- prelim University of Michigan

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