***Economic Data*** - (US) MBA Mortgage Applications w/e Apr 9th: -9.6% v -11.0% prior - (BR) Brazil Feb Retail Sales M/M: 1.6% v 0.6%e; Y/Y: 12.3% v 10.4%e - (RU) Russia Mar Producer Prices M/M: 1.8% v 0.9%e; Y/Y: 19.2% v 12.4%e - (US) Mar Consumer Price Index M/M: 0.1% v 0.1%e; CPI Ex Food&Energy M/M: 0.0% v 0.1%e; CPI NSA: 217.63 v 217.714 - (US) Mar Advanced Retail Sales: 1.6% v 1.2%e; Ex Autos: 0.6% v 0.5% - (US) Feb Business Inventories: 0.5% v 0.4%e - (US) DOE weekly crude inventories: Crude: -2.2M v +1.4Me; Gasoline: -1.04M v -1Me; Distillate: +1.1M v +1Me; Utilization:85.6% v 84.6%e
- A trio of very strong earnings reports from leaders in three key sectors - JP Morgan, Intel and CSX - are sending indices higher this morning, washing away the bad taste left by Alcoa's mixed results earlier in the week. The March advanced retail sales data beat expectations and improved markedly from February's levels, echoing the very strong March comps data seen last week. Business inventories data returned to the recent highs seen last November as businesses continue building stock. In the background, Fed Chairman Bernanke is testifying before a House committee, where he reiterated the "extended period" language and warned that there are significant restraints holding back the US economic recovery. Front month crude has reversed its retreat from the 16-month highs seen over the last several sessions and retaken the $85 handle, up about a buck. Natural gas is not benefitting from this morning's risk appetite, with the contract more or less flat on the day.
- JP Morgan crushed Wall Street's forecasts for the bank's performance in Q1. Revenue outperformed thanks to investment banking revenues that were more than one third higher than last quarter. Note that this outcome reversed the big decline seen in investment banking revenue seen in JP Morgan's Q4. Provisions for credit losses continue to decline, and executives said the firm's performance would only improve in the second half of the year, citing the likelihood of a "strong recovery." Most of the leading US banking names are up 2-3% in early trading. Intel came in well ahead of expectations and guided above par for next quarter. Intel's CFO said that businesses have resumed spending and said tight global demand is strengthening, although he also warned that average selling prices would fall somewhat in 2010. Shares of INTC and other major chip makers AMD and TXN are up 3% or so on the news. CSX beat earnings expectations, although revenue was more in line with the Street. CSX said it has begun recalling furloughed workers, thanks to "stabilizing demand and improving global trade." CSX is up nearly 4% in early trading, with other major rail names catching a bit of a tailwind.
- The greenback fought off some bearish sentiment in the early part of the NY morning helped by an EU assessment on Portugal which labeled the country's stability program "ambitious" and warned that Portugal might need additional measures this year. The EU added that the country's economic assumptions were "somewhat favorable" after 2010. Dealer sentiment continues to focus on whether Bernanke will fine tune his language on the US interest rate outlook, although the softer CPI data re-enforced the view that it might be some time before any change is seen in the Fed's mindset. EUR/USD continues to hold above the 1.36 handle while USD/JPY probing its best session level near 93.70.
***Looking Ahead**** - Fed's Fisher - (US) Fed's Beige Book - (AR) Argentina Consumer Price Index M/M: 1.1%e v 1.2% prior; Y/Y: 9.9%e v 9.1% prior - (AR) Argentina Wholesale Price Index M/M: No est v 1.3% prior; Y/Y: No est v 13.2% 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
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.
Tue 19 June 2018 A 12:30 US- House Permits/Starts Wed 20 June 2018 A 14:00 US- Existing Homes Sales A 14:30 US- EIA Crude Thu 21 June 2018 AA 11:00 GB- Bank of England Decision A 12:30 US- Weekly Jobless Fri 22 June 2018 AFlash PMIs
John M. Bland, MBA co-founding Partner, Global-View.com
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.
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.