User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday March 31, 2010 - 15:28:02 GMT
Trade the News Staff - www.global-view.com/forex-services/TTN/

Share This Story:
| | Email

Forex Blog - US Market Update

Wednesday, March 31, 2010 11:20:20 AM

 US Market Update

Dow -35 S&P -2.5 NASDAQ -1.5


***Economic Data***
- (PD) Poland Central Bank Interest Rate Decision: Maintained the Base Rate at 3.50%; as expected
- (US) MBA Mortgage Applications w/e Mar 26th: 1.3% v -4.2% prior
- (IN) India Q4 Current Account: -$12.0B v -$10.0Be
- (SA) South Africa Feb Trade Balance (ZAR): -5.7B v -2.1Be
- (PD) Poland Q4 Current Account: -€2.7B v -€1.3B prior
- (US) Mar ADP Employment Change: -23K v +40Ke
- (CA) Canada Jan Gross Domestic Product: % v 0.5%e
- (BE) Belgium Feb Budget Balance YTD: -€4.8B v -€2.9B
- (US) Mar Chicago Purchasing Manager: 58.8 v 61.0e; New Orders: 61.8 v62.2 last; Employment: 53.1 v53.2 last
- (US) Feb Factory Orders: 0.6% v 0.5%e
- (US) Mar Milwaukee
NAPM: 62.0 v 58.0e
- (US) DOE weekly inventories: Crude: +2.9M v +2.4Me; Gasoline: +315K v -1.8Me; Distillate: -1.1M v -1.3Me; Utilization: 82.6% v 81.3%e

- The ADP jobs report has tested the consensus feeling that there will be a big positive payrolls number released on Friday. Equity futures headed lower in the wake of the jobs data, with the downbeat Chicago PMI survey providing further weight after the open. However the major indices are back around even after an hour and a half of trading as investors take the data in stride and concentrate on numbers from the Commerce Department indicating February saw the sixth consecutive increase in US factory orders. Traders are awaiting an announcement from President Obama, who is scheduled to announce an expansion in offshore drilling in US waters. Front-month crude continues to hold above the $82 handle despite the larger-than-expected gains seen in the week's DoE inventory reports. Gold is higher, trading around $1,115, with traders reportedly eyeing stops ahead of $1,123. Grain prices are heading lower after the USDA's plantings report. Treasury markets caught a bid post ADP, but yields have drifted up from opening levels as stock markets recouped some losses.

- With earnings season less than a month away, the preannouncements and profit warnings have begun in earnest. Honeywell raised its Q1 and full-year outlook slightly yesterday evening, noting that orders and revenues continue to show signs of recovery. AutoNation offered a forecast for its Q1 that was right in line with expectations, and said its new car sales would be 18% ahead of last year's levels, and used car sales up 12%.
HON is up 2% and AN is down 2%. Boeing joined many other major corporations in disclosing costs that would accrue from the healthcare reform this year. Boeing sees a $0.20/shr impact from the reform in Q1, with more charges to follow in 2010.

- In earnings, Rite Aid reported a larger-than-expected quarterly loss, although its revenue was right in line. The firm's projected losses for FY11 are a good deal higher than expected, due in part to continuing high levels of unemployment. RAD spiked down as much as much as 12%, before recovering by up to -6%. Discount giant Dollar General beat profit projections and guided slightly above par. DG is -2%.
SAIC's results were as expected, although the firm slashed its 2011 guidance due to fewer than anticipated contract wins. SAI is down 7%. Sealy is off nearly 6% after missing expectations by a hair in its Q1 earnings report. In other news, Ford is off 4% after the warrants for paying VEBA costs began trading.

- The dollar was softer against the major pairs following the ADP data. The Chicago PMI also failed to ignite confidence as its major components retrace some of the prior month's strength. Euro deflected a Moody's downgrade five Greek banks and remained above the 1.35 handle during the NY morning. USD/JPY back below the 93 level.

***Looking Ahead***
-12:00 (CO) Colombia Feb 14.1%e v 15.3% prior
- 12:30 (US) Fed's Lockhart speaks on employment
- 12:30 (US) Fed's Duke
- 13:30 (EU) ECB's Bini Smaghi
- 13:30 (BR) Brazil Feb Nominal Budget Balance (BRL): No est v 2.2B prior; Primary Budget Balance: No ext v 16.2B prior
- 15:00 (AR) Argentina Feb Construction Activity Y/Y: No est v 2.2% prior

 

 

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."



Elevate Your Trading With The Amazing Trader!

The Amazing Trader includes:
  • Actionable trading levels delivered to YOUR charts in real-time.
  • Live trading strategy sessions.
  • Market Updates with Trading Tools.

Register To Test Your Amazing Trader


Trading Ideas for 15 December 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:

Thu 14 Dec
23:50 JP- Tankan Survey

Mon 18 Dec
10:00 EZ- final HICP
Tue 19 Dec
09:00 DE- IFO Survey
13:30 US- Housing Starts/Permits
13:30 US- Current Account
Wed 20 Dec
15:00 US- Existing Homes Sales
15:30 US- EIA Crude
Thu 21 Dec
03:00 JP- BOJ Decision
13:30 CA- CPI & Retail Sales
13:30 US Weely Jobless
13:30 US- GDP
Fri 22 Dec
09:30 US- GB- GDP
13:30 US- core PCE Deflator & Presonal Income
15:00 US- New Homes Sales
15:00 US- final University of Michigan
17:00 US- early Closes
Mon 25 Dec
00:00 Christmas Holidays

Forex Trading Outlook


Potential Trading Opportunities

  • POTENTIAL PRICE RISK: HIGH-Medium- Thu --23:50-- JP- Tankan Survey
John M. Bland, MBA
co-founding Partner, Global-View.com EXCLUSIVE: Global-View Daily Trading Chart Points Updated

EXCLUSIVE: Global-View Free Forex Database updated




TRADER ADVOCACY ARTICLES

Trader's Advocate Articles..

pic

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 Global-View.com.

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

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.

 

WARNING: FOREIGN EXCHANGE TRADING AND INVESTMENT IN DERIVATIVES CAN BE VERY SPECULATIVE AND MAY RESULT IN LOSSES AS WELL AS PROFITS. FOREIGN EXCHANGE AND DERIVATIVES TRADING IS NOT SUITABLE FOR MANY MEMBERS OF THE PUBLIC AND ONLY RISK CAPITAL SHOULD BE APPLIED. THE WEBSITE DOES NOT TAKE INTO ACCOUNT SPECIAL INVESTMENT GOALS, THE FINANCIAL SITUATION OR SPECIFIC REQUIREMENTS OF INDIVIDUAL USERS. YOU SHOULD CAREFULLY CONSIDER YOUR FINANCIAL SITUATION AND CONSULT YOUR FINANCIAL ADVISORS AS TO THE SUITABILITY TO YOUR SITUATION PRIOR TO MAKING ANY INVESTMENT OR ENTERING INTO ANY TRANSACTIONS.

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