User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Monday August 30, 2010 - 14:44:50 GMT
Trade the News Staff -

Share This Story:
| | Email

Forex Blog - US Market Update (TTN)

Monday, August 30, 2010 10:38:19 AM

 US Market Update

Dow -44 S&P -4.5 NASDAQ -8.8

***Economic data***
- (BR) Brazil Aug FGV Inflation IGP-M M/M: 0.8% v 0.7%e; Y/Y: 7.0% v 6.9%e
- (US) July Personal Income: 0.2% v 0.3%e; Personal Spending: 0.4% v 0.3%e
- 8:30 (US) July PCE Core M/M: 0.1% v 0.1%e; Y/Y: 1.4% v 1.4%e; PCE Deflator Y/Y: 1.5% v 1.5%e
- (CA) Canada Q2 Current Account (
BOP): -C$11.0B v -C$10.7Be
- (CA) Canada July Industrial Product Price M/M: 0.1% v 0.4%e; Raw Materials Price Index M/M: 1.8% v 0.2%e
- (SA) South Africa July Budget (ZAR) -31.7B v 8.9B prior
- (CL) Chile July Industrial Production Y/Y: 3.3% v 3.0%e; Industrial Sales Y/Y: 1.3% v 2.7%e
- (CL) Chile July Total Copper Production: 454.2K tons v 465.0K tons prior
- (US) Aug Dallas Fed Manufacturing Activity: -13.5 v -10.0e

Fixed Income:
- (PD) Poland MOF: Sold PLN550.7M in 52-Week Bills versus €500-700M indicated range; avg yield 3.939% v 3.946% prior; Bid-to-cover 4.7x v 3.45x prior
- (FR) France Debt Agency (ATF) Bill Auction Results: Sold approx €9.0B in 7, 12, 25 and 51-week Bills versus €9.0B indicated

- Major US indices are losing some ground in the early going but volumes remain light. Overall investor risk aversion is still an ongoing theme with European sovereign debt spreads continuing to get wider. Treasury prices have stabilized and are drifting higher which has pushed the 10-year yield back below 2.6%. Oil is trending lower by more than 1% back below $75.

- M&A data continues to boost select names today.
GENZ reaffirmed its rejection of Sanofi's $69/shr bid and promptly rose above $70 despite Sanofi's pledge to proceed cautiously with any additional offer. COGT agreed to a 20% premium offer to be acquired by MMM. 3PAR traded off 2% as it awaits Dell's response to HPQ's latest offer at $30/shr in cash for the secure storage specialist.

- In the meantime, HPQ said it would use some of its additional cash for a $10B buyback program, including $3B in Q4. HPQ shares rose 3% on the news. After dipping on Friday,
DGIT announced reduced Q3 guidance and dropped another 35%.

- NY morning initial saw little reaction to the
US personal income and spending data and but maintained a steady tone. Liquidity conditions were thin with UK banks on holiday. The safe-haven flows built up momentum by mid-morning with the greenback, CHF and JPY maintaining a firmer tone against other European pairs. Spot gold was not participating as of yet but remained above the $1,230 level, some $60 away from fresh-all-time highs. Commodity currencies reflecting the risk aversion jitters with both AUD and CAD pairs weaker from their respective opening levels seen in Asia.

**Looking Ahead**
12:00 (IC) Iceland Q2 Current Account (ISK): No est v -27.0B prior
13:30 (US) Fed's Bullard
15:00 (AR) Argentina July Supermarket Sales Y/Y: No est v 19.0% prior
15:30 (MX) Mexico July YTD Budget Balance (MXN): No est v -101.71B 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."

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 23 October 2017

Register for the Amazing Trader


Amazing Trader EVENT RISK Calendar:

Tue 24 Oct
All Day flash PMIs
Wed 25 Oct
01:30 AU- CPI
08:00 DE- IFO Survey
08:30 GB- GDP
14:00 CA- BOC Decision
14:30 US- EIA Crude
Thu 26 Oct
11:45 EZ- ECB Decision
12:30 US- Weekly Jobless
14:00 US- Pending Homes Sales
Fri 27 Oct
12:30 US- GDP
14:00 US- final Univ of Michigan

Forex Trading Outlook

Potential Trading Opportunities

  • POTENTIAL PRICE RISK: Medium Tue-- All Day Global flash PMIs. First good look at October economic performances.

  • POTENTIAL PRICE RISK: HIGH Wed-- 01:30 GMT AU- CPI. Top Inflation indicator.

  • POTENTIAL PRICE RISK: HIGH Wed-- 08:00 GMT DE- IFO Survey. Top German indicator.

  • POTENTIAL PRICE RISK: HIGH Wed-- 14:00 GMT CA- BOC Decision. No Policy Change Expected.

  • POTENTIAL PRICE RISK: Medium Wed-- 14:30 GMT US- EIA Crude. Top Weekly WTI Statistic.

John M. Bland, MBA
co-founding Partner,

EXCLUSIVE: Global-View Daily Trading Chart Points Updated

EXCLUSIVE: Global-View Free Forex Database updated


Trader's Advocate Articles..


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.



Copyright ©1996-2014 Global-View. All Rights Reserved.
Hosting and Development by Blue 105