***Economic Data*** - (SA) South Africa Mar Manufacturing Production M/M: 2.6% v -0.4%e; Y/Y: 6.3% v 3.0%e - (US) MBA Mortgage Applications w/e May 7th: 3.9% v 4.0% prior - (IR) Ireland Apr Consumer Confidence: 65.6 v 61.9 prior - (BR) Brazil Mar Retail Sales M/M: 1.6% v 1.0%e; Y/Y: 15.7% v 14.0%e - (US) Mar Trade Balance: -$40.4B v -$40.5Be - (CA) Canada Mar New Housing Price Index M/M: 0.3% v 0.3%e v 0.1% prior - (CA) Canada Mar Int'l Merchandise Trade: C$0.3B v C$1.6Be - (MX) Mexico Feb Gross Fixed Investment: -2.3% v -0.9%e v -4.8% prior - (MX) Mexico Mar Industrial Production Y/Y: 7.6% v 5.9%e - (US) Weekly DOE energy inventory: Crude: +1.95 v +1.2Me; Gasoline: -2.8M v +500Ke; Distillate: +1.4M v +1.2Me; Utilization: 88.4% v 89.6%e
- US equity indices opened slightly higher this morning and are racking up solid gains in early trading. With the focus off of the European debt crisis for the first time in a week investors are finally turning back to positive domestic US economic data, chiefly the US March trade numbers. Both imports and exports hit their highest levels since late 2008. Signs of strain remain, however, with spot gold testing all-time highs around $1,245. Note that earlier in the morning the Austrian Mint said that it has seen signs of panic buying in recent gold orders from Europe. In the US, the Ceridian-UCLA index of on highway diesel usage fell 0.3%, suggesting the economic recovery may have stalled. Front month crude made its way to positive territory after the larger-than-expected draw downs seen in the weekly DoE inventory data, trading just shy of the $77 handle. Treasury prices are marginally lower ahead of this afternoon's 10-year auction. The benchmark yield is just above 3.55%.
- Morgan Stanley is under pressure this morning, with shares down 4% after the Wall Street Journal reported that Federal investigators are probing the firm over mortgage-derivatives transactions. According to the article federal prosecutors are probing whether Morgan Stanley misled investors about CDO deals and whether the firm disclosed its dual roles. Morgan Stanley flatly denied the report.
- In earnings, Disney slightly exceeded expectations in its Q2 report. Shares of DIS fell up to 2% in the premarket, but are up 1% or so in early trading. Macy's was more or less in line with consensus estimates. M is up 2%, but well off its highs. SunPower missed earnings targets and guided way below par for next quarter. Electronic Arts came in a bit ahead of expectations. ERTS and SPWRA are both down 6%.
- In FX trading USD/JPY regained a footing above the 93.00 level in early NY aided by firmer equity prices. EUR/USD continued to stay below the 1.2750 pivot area which represented last week close ahead of the EU stability package announced last weekend. GBP/USD remained below the 1.49 handle after dovish BOE remarks from the quarterly inflation report.
***Looking Ahead*** - 12:00 (CA) Canada to sell 3-year notes - 12:30 (US) Fed's Lockhart speaks - 13:00 (US) US to sell $24B in 10-year notes - 13:15 (US) Fed's Bullard speaks on economy -14:00 (US) Apr Monthly Budget Statement: -$56.0Be v -$20.9B prior - 15:00 (AR) Argentina Apr Consumer Price Index M/M: No est v 1.1% prior; Y/Y: No est v 9.7% prior - 15:00 (AR) Argentina Apr Wholesale Price Index M/M: No est v 1.3% prior; Y/Y: No est v 13.6% prior - (MX) Mexico Apr ANTAD Same-Store Sales Y/Y%)
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."
Elevate Your Trading With The Amazing Trader!
The Amazing Trader includes:
Actionable trading levels delivered to YOUR charts in real-time.
Mon 19 Feb 2018
00:00 CN, US- Holiday Tue 20 Feb 2018
00:00 CN- Holiday A 10:00 US- ZEW Survey Wed 21 Feb 2018
00:00 CN- Holiday A All Day flash PMIs A 15:00 US- Existing Homes Sales A 15:30 US- EIA Crude AA 19:00 US- Fed Meeting Minutes Thu 22 Feb 2018 A 09:00 DE- IFO Survey A 09:30 GB- GDP AA 13:30 CA- Retail Sales A 13:30 US- Weekly Jobless Fri 23 Feb 2018 A 10:00 EZ- Final HICP AA 13:30 CA- CPI
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.