User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday August 19, 2010 - 15:43:34 GMT
Trade the News Staff -

Share This Story:
| | Email

Forex Blog - US Market Update (Trade the News)

Thursday, August 19, 2010 11:41:03 AM

 US Market Update

DOW -170 S&P 500 -14 Nasdaq -40

***Economic data***
- (UK) Aug CBI Industrial Trends Total Orders -14 v -14e
- (CA) Canada July Leading Indicators M/M: 0.4% v 0.7%e
- (CA) Canada Jun Wholesale Sales M/M: -0.3% v 0.4%e
- (US) Initial Jobless Claims: 500K v 478Ke; Continuing Claims: 4.478M v 4.50Me
- (US) Aug Philadelphia Fed: -7.7 v 7.0e
- (US) July Leading Indicators: 0.1% v 0.1%e
- (US) EIA Weekly Natural Gas Inventories: +27 bcf vs. +27 to +34 bcf estimate range

- Equity futures traded off before the US open on some vague European sovereign worries this morning, but the slide really got underway after the weekly claims data. With initial jobless claims now at their highest level since last November and at the psychologically important 500K handle, the negative reading in the Philly Fed at
10am really hit equities. Note that this was the first negative reading in the Philly Fed since July 2009, with worrying negative readings seen in both the new orders and employment sub components. The Fed open market operations did not have their salutary effect due to the overall risk aversion theme, and investors have been moving assets into the usual safe havens. Front-month gold is extending its three-week streak, with the December contract trading at $1,237. Government debt is very well bid, with the yield on the 10-year Bund hitting fresh all-time lows, the yield on the 10-year Gilt below 3% and the 10-year US below 3.7%. Crude is rolling over from the September into the October contract, with the latter trading just below $75.

- More deals are in headlines this morning after several days of strong merger flows. Intel is buying computer security firm McAfee for $7.68B, adding security to its toolbox for providing components for Internet-connected devices such as tablet computers and mobile phones. Intel said the deal would be slightly dilutive to earnings in the first year, and that McAfee will continue to focus on its current business and product lines. INTC is down 3% on the news. MasterCard is buying the
UK's DataCash Group, an online payment services provider, in a deal worth $520M. In other merger news, small cap banks NewAlliance and First Niagara are merging in an all-stock deal valued at $1.5B. Finally the WSJ reported that Research in Motion is holding talks with online advertising firm Millenial Media, for a deal worth up to $500M. Note that RIMM is struggling to catch up with advertising initiatives by Apple and Google.

- In earnings, tech names Tech Data and Applied Materials both outperformed consensus estimates. Earnings out of Tech Data were relatively strong in its Q2 report, but revenue only a bit ahead. The firm said FX would have a bigger impact in the second half. AMAT's Q3 was strong, thanks to very firm growth in the company's solar and silicon businesses. The firm's guidance for Q4 was also above target. Brocade's Q3 report met earnings expectations but missed top-line estimates. BRCD's guidance for Q4 and 2010 were all below par.
TECD is donw 1%, AMAT was up 2% but is now around even, while BRCD is down nearly 5%.

- More retail names reported quarterly results this morning. Office supply giant Staples met expectations in its Q2 results but guided lower for Q3 and narrowed its 2010 outlook, noting that it would no longer be able to defer certain overseas taxes. The Limited was also in line in its Q2, while guidance was cautious. New York & Company's quarterly loss was greater than expected. Sears Holding's losses met expectations. Stage Stores authorized a new stock buyback program, but missed revenue targets in its Q2. Discount name Dollar Tree beat expectations but considerably reduced its 2010 outlook. SSI is up 12%, DLTR and NWY are up 6%, LTD is around even and SPLS is down 3%.

- Risk aversion flows prompted by the negative
US data kept the greenback from weakening against the major pairs, although the dollar remains relatively contained at the lower level of recent ranges. The USD/JPY pair hovered near 15-year lows and was back below the pivotal 85 handle in the aftermath of the Philly Fed.

***Looking Ahead***
- (AR) Argentina Aug Consumer Confidence: No est v 48.17 -prior
- 12:00 (TU) Turkey Central Bank Interest rate Decisions: Consensus expectations for the both the Benchmark Repo Rate and Overnight Borrowing to remain unchanged at 7.0% and 6.50% respectively
- 12:30 (US) Fed Bullard
- (BR) 13:30 Brazil Jul CAGED Formal Job Creation: 183.5Ke v 213.0K 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."

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