User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday October 14, 2010 - 16:00:31 GMT
Trade the News Staff -

Share This Story:
| | Email

Forex Blog - US Market Update (TTN)

US Market Update

Dow -15 S&P -3.5 NASDAQ -2.7
***Economic Data***
- (IR) Ireland Sept CPI EU Harmonized M/M: -0.2% v 0.2% prior; Y/Y: -1.0% v -1.2% prior
- (BR) Brazil Aug Retail Sales M/M: 2.0% v 1.6%e; Y/Y: 10.4% v 10.0%e%e
- (CA) Canada Aug Int'l Merchandise Trade: -C$1.3B v -C$2.3Be
- (US) Aug Trade Balance: -$46.3B v -$44.0Be
- (US) Sept Producer Price Index M/M: 0.4% v 0.1%e; Ex Food & Energy M/M: 0.1% v 0.1%e
- (US) Initial Jobless Claims: 462K v 445Ke; Continuing Claims: 4.40M v 4.45Me
- (US) Weekly EIA Natural gas Inventories: + bcf vs. +85 to +95 bcf estimate range
- (US) Weekly DOE Energy inventories: Crude: -420K v +1.5Me; Gasoline: -1.77M v -1.3Me; Distillate: -255K v -1.5Me; Utilization: 81.9% v 83.1%E

- With the data looking fairly grim, QE2 expectations continue to overwhelm other considerations this morning as US equity indices recover from early softness. The tenuous improvement in US weekly unemployment numbers seen last month evaporated with this morning's claims data. The downdraft in late September doesn't appear to have had any more staying power than the uptick in August. The trade deficit widened more than anticipated in August, driven by all-time highs in the trade deficit with
China. Monthly data from RealtyTrac showed that the number of homes taken over by banks topped 100K for the first time in September (although foreclosures are expected to slow in coming months as lenders work through questionable mortgage paperwork). The full impact of an investigation by all 50 state AGs into bank foreclosure processes is making itself felt on individual names, as credit default swaps on US financial stocks moved higher this morning and banks shares declined, with BAC down around 4% and other major banks in the red. Front-month crude is testing last week's highs, popping momentarily above $84 before trading off. At its October meeting, OPEC held output levels steady and also scheduled an extraordinary meeting for Dec 11th (note that OPEC has held quotas at 24.842M bpd since Dec 2008). Gold is slightly off its latest all-time high, trading around $1,377. Treasury prices are slipping marginally ahead of today's 30-year reopening with the 10-year yield backing up 3 basis points to 2.45%. The long bond is outperforming the rest of the curve after the 10-30-year spread reached the widest levels on record yesterday at 140 basis points.

- In earnings, industrial supplies distributor WW Grainger came in well ahead of analysts' expectations in its Q3 report, although revenue was merely in line. The firm also hiked its 2010 outlook, but warned that Q4 revenue results would be not so good, given tough comps, end of the Gulf clean-up and higher customer inventories. GWW fell as much as 3%. Private education name Apollo Group beat profit estimates slightly, but missed on the top line and withdrew its FY11 guidance. More importantly, Apollo warned that enrollment would fall off much further in early 2011 thanks to the impact of government scrutiny of the sector.
APOL is down a whopping 25%, while the rest of its for-pay education competitors are down 15-20%. Safeway was right in line with the Street in its Q3, and executives noted that its pricing environment has been very favorable - a marked change from the deflation it cited as a problem back in July. SWY rose as much as 4%, but is well off its best levels.

- Currency trading has been wholly focused on the possibility that
China will soon allow the CNY to appreciate at a faster clip. After Singapore announced overnight that it would widen the SGD trading band (sending SGD to highs not seen since the 1980s), dealers pondered whether the trend in other Asian currencies would accelerate the Chinese timetable to make the CNY more flexible, given that when a currency is pegged to the dollar, the arrangement makes the Fed the related country's de facto central bank. With pegged currencies, the concern would be that as many Asian economies are performing well economically, the last thing they would need or want is more monetary stimulus.

- The greenback has moved off its worst level as the debate over the size of QE2 intensifies. Overall dealers have jokingly suggested that central bankers may need to broaden their strategies from weakening their own currencies to strengthen the currencies of their competitors, moving from defense to offence in the evolving currency war. EUR/USD is around 1.4070, USD/JPY is back above the 81 handle and USD/CHF is at 0.9535, nearly 50 pips off recent all-time lows.

***Looking Ahead***
- 12:00 (TU) Turkey Central Bank Benchmark Interest Rate Decision: Consensus expectations to leave the Benchmark rate unchanged at 7.00%
- 13:00 (US) Treasury to sell 30-Year Bonds Reopening
- 13:00 (EU) EU's Barroso Speaks at Friends of Europe Dinner
- 17:00 (US) Fed's Kocherlakota Speaks in Bloomington, Minnesota
- 17:00 (CL) Chile Central Bank Nominal Overnight Rate Target decision: Expected to raise rates by 25bps to 2.75% from the current 2.50% level


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 9 July 2018
AA 12:00 EZ- Draghi EU Parliament Testimony
Tue 10 July 2018
AA 08:30 GB- Ind/Prod Output, Trade
AA 09:00 DE- ZEW Survey
Wed 11 July 2018
A 12:30 US- PPI
A 14:00 CA- Bank Of Canada Decision
A 14:30 US- EIA Crude
Thu 12 July 2018
AA 12:30 US- CPI
Fri 13 July 2018
A 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