***Economic Data*** - (US) MBA Mortgage Applications w/e Apr 2nd: -11.0% v 1.3% prior - (CA) Canada Feb Building Permits M/M: -0.5% v 2.0%e - (CL) Chile Mar Trade Balance: $1.4b v $1.5Be - (BZ) Brazil Feb CNI Capacity Utilization: % v 81.7%e - (CA) Canada Mar Ivey Purchasing Managers Index: 57.8 v 55.0e - (US) DOE weekly energy inventories: Crude: +2.0M v +1.5Me; Gasoline: -2.5M v -1.8Me; Distillate: +1.1M v -1.5Me
- Risk aversion appears to be the order of the day as continued chatter in Europe about Greece's finances weakens the euro and sends the dollar higher. With economic data and corporate news again scarce, investors are sending precious metals out to highs last seen in early January, with gold above $1,147 and silver above $18.20. Front-month crude continues to a breather from its two-month run up, with the contract hovering around the $86 handle, with further upside checked by larger than expected builds in weekly crude and distillate stockpiles. On the Hill, former Fed Chairman Greenspan is giving testimony, defending his record and talking down to Congress, while markets eagerly await speeches by Chairman Bernanke and dissenter Hoenig that follow the 10-year note reopening this afternoon. The 10-year note is a little higher, but the cash yield remains just a handful of basis points below 4%.
- Earnings from Monsanto are a central focus this morning. The big Ag leader missed earnings targets very narrowly and guided to the low end of their prior FY10 EPS guidance. But more negatively for the stock, executives said the company would be unlikely to achieve its target of doubling its gross profit in the 2007-12 period. Shares of MON traded off 3% on the news, but popped back into positive territory after executives said EPS would grow 13-17% outside of 2010. In other earnings, Family Dollar beat earnings expectations and raised its 2010 outlook. Shares of FDO are up 5%. More pre-earnings season guidance came out over the last 12 hours. Equipment rental name Tractor Supply Company offered very strong Q1 guidance, crushing estimates, and hiked its 2010 view. Shares of TSCO were up 10% in the first 30 minutes of trading, before coming off a bit. JA Solar spiked 13% on killer Q1 shipment guidance, thanks to robust demand in the quarter. Other solar names are riding JASO's coattails, with FSLR up 4%, CSIQ up 6% and sector ETF TAN up 2%. Shares of fast food name CKR are up 8% after noting that the firm has received an offer superior to Thomas H. Lee Partners' $11.05/shr offer from Feb 26.
- The greenback maintained a firm tone against the European pairs as Greek concerns remained in focus during the early US session. The spread between the 10-year Greek/German bonds continued to widen in early New York morning, moving above the 400bps area. Dealers noted that investors might demand a yield of as much as 7.25% to buy Greek 10-year dollar-denominated bonds. EUR/USD has moved below the 1.3340 level.
***Looking Ahead*** - 12:15 (US) Fed's Dudley at Economic Club in NY - 13:00 (US) US Treasury to sell $21B in 10-year reopening - 13:30 (US) Fed's Bernanke in Dallas - 14:00 (US) Fed's Hoenig speaks on US economic outlook - 15:00 (US) Feb Consumer Credit: -$0.2Be v $5.0B 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
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
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.
Mon 19 Mar 2018 Tue 20 Mar 2018 AA 9:30 GB- CPI A 10:00 DE- ZEW Survey Wed 21 Mar 2018 AA 03:00 AU- Employment AA 9:30 GB- Employment A 12:30 US- Current Account AA 14:00 US- Existing Homes Sales A 14:30 US- EIA Crude A A18:00 US- Fed Rate Decision A 21:00 NZ- RBNZ Rate Decision Thu 22 Mar 2018 AA All Day flash PMIs AA 9:30 GB- Retail Sales AA 12:00 GB- Bank Of England Decision A 13:30 US- Weekly Jobless Fri 23 Mar 2018 AA 12:30 CA- CPI/Retail Sales A 12:30 US- Durable Goods A 14:00 US- New Homes Sales
John M. Bland, MBA co-founding Partner, Global-View.com
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.
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.
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.
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.