User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday August 25, 2010 - 15:47:00 GMT
Trade the News Staff - www.global-view.com/forex-services/TTN/

Share This Story:
| | Email

Forex Blog - US Market Update (Trade the News)

Wednesday, August 25, 2010 11:04:15 AM

 US Market Update

DOW -10 S&P 500 -6 Nasdaq -1

***Economic data***
- (US) MBA Mortgage Applications w/e Aug 20th: 4.9% v 13.0% prior
- (US) July Durable Goods Orders: 0.3% v 3.0%e; Durables Ex Transportation: -3.8% v 0.5%e; Capital Goods Orders Non-defense ex-aircraft: -8.0% v +3.6% prior; Capital Goods Shipments Non-defense Ex Aircraft: -1.5% v +1.0% prior
- (TU) Turkey Aug Capacity Utilization: 73.4% v 74.7% prior; Industrial Confidence: 111.0 v 112.7 prior
- (US) July New Home Sales: 276K v 330Ke
- (US) Jun House Price Purchase Index M/M: -0.3% v 0.1%e; Q/Q: +0.9% v -0.4%e
- (MX) Mexico Q2 GDP Y/Y: 11.5% v 12.3%e; Current Account Balance: -$714M v -$659Me
- (MX) Mexico July Unemployment Rate: 5.7% v 5.5%e
- (US) DOE weekly energy inventories: Crude: +4.1M v +400Ke; Gasoline: +2.27M v -300Ke; Distillate: +1.76M v +1Me; Utilization: % v 89.5%e
***Fixed Income***
- (RU) Russia sold RUB1.3B v RUB15B indicated in Aug 2016 OFZ Bonds; avg yield 7.39%

- Weaker data and risk aversion are pushing down equities and fueling the flight to safety once again this morning after the poor showing in US durables and housing data. US new home sales fell to their lowest level on record in July, while home prices fell to a six-year low in June (recall that yesterday the rate existing home sales in July data fell to their lowest level in 15 years). The July durables numbers were very weak, with the series missing expectations by wide margins. The DJIA fell below the key 10,000 level just after the open, while the S&P500 found support at 1,040. European September Bund and Gilt futures set fresh record highs as the yields on the instruments hit record lows. Yield on the
US 10-year bond is approaching 2.45% for the first time since January 2009. Spot gold is benefiting from the safe-haven flows and was moving back towards striking distance of its all-time highs and traded above $1,240/oz.

- The housing data may be dire, but homebuilder Toll Brothers is doing quite well this morning. The company reported its first quarterly profit in nearly three years, although the gain was due mostly to tax benefits and lower write downs on land holdings. Before these factors, Toll broke even. Note that the company's backlog is smaller than last quarter, and its FY10 guidance range for home deliveries is a bit tighter than back in May. Shares of
TOL were up 4% just after the open, but are heading lower after the data. Shares of mall chain American Eagle Outfitters are up 4% after largely in line Q2 results. Brown Shoe Company is down 9% despite better than expected results and solid guidance. Railcar maker Greenbrier has been volatile on two news items. The firm warned that a major marine customer may cancel some orders, but also disclosed a big chunk of new business as well. Shares of GBX fell 4% before the open, rocketed up to +6% after the bell and are around +2% mid morning.

- The
US durable goods data is fueling concerns over the strength of the global economic recovery as one of the few remaining bright spots in the US showed signs of cooling. The greenback was mixed during the New York session as the continued string of soft US data prompted various key analysts; Goldman Sachs O'Neill warned that more disappointing data might spur a fresh round of Fed easing measures. EUR/USD is off its worst levels and trading above the 1.2670 level in the mid-NY morning. EUR/CHF is off its historic lows and back above the 1.30 handle after the SNB's Hildebrand reiterated that the central bank would respond to any new deflationary risks.

- Peripheral spreads continue to widen on risk aversion flows with the spread between Irish/German 10-year Gov't bonds at 345bps (record) and the spread between Greek/German 10-year Gov't bonds back above the 930bps level. EUR/CHF cross continues to test fresh all-time lows as a result with 1.2975 dealt in the NY morning.

***Looking Ahead***
-
12:00 (FR) France July Net Change Jobseekers: +14.0Ke v -8.6K prior
-
13:00 (US) Treasury to Sell $36B in 5-Year Notes

 

 

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 18 December 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:

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: Medium Mon--10:00 GMT-- EZ- final November HICP. flash data are rarely changed.


  • POTENTIAL PRICE RISK: HIGH- Medium Tue --09:00 GMT-- DE- IFO Survey. Key report but usually not a market-mover
  • POTENTIAL PRICE RISK: HIGH- Medium- Tue --13:30 GMT-- US- Housing Starts and Permits. Leading indicators of activity

  • POTENTIAL PRICE RISK: HIGH-Medium- Wed --15:00-- US- Existing Homes Sales. Top Housing statistic
  • POTENTIAL PRICE RISK: Medium- Wed --15:30-- US- EIA Crude

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