User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Monday October 18, 2010 - 15:12:33 GMT
Trade the News Staff -

Share This Story:
| | Email

Forex Blog - US Market Update (TTN)

Monday, October 18, 2010 10:55:08 AM

 US Market Update

Dow +55 S&P +4.5 NASDAQ +5.5

***Economic Data***
- (BR) Brazil Oct FGV Inflation IGP-10 M/M: 1.2% v 1.0%e
- (PD) Poland Sept Employment M/M: 0.2% v 0.1%e; Y/Y: 1.8% v 1.7%e
- (PD) Poland Sept Avg Gross Wages M/M: -0.1% v 0.3%e; Y/Y: 3.7% v 4.0%e
- (CA) Canada Aug Int'l Securities Transactions: C$11.1B v C$6.0Be
- (US) Aug Total Net TIC Flows: $128.7B v $63.7B prior; Net Long-term TIC Flows: $38.9B v $61.3B prior
- (US) Sept Industrial Production: -0.2% v 0.2%e; Capacity Utilization: 74.7% v 74.8%e
- (US) Oct NAHB Housing Market Index: 16 v 14

- US equities gained modestly this morning on strength in the financials and anticipation of a big earnings week, plus plenty of M&A action. Traders ignored the unexpected decline in the Sept Industrial production numbers just before the open and took profits after the relatively strong Oct NAHB index, which hit its highest level since June. Note that the NAHB said that the new homes market is finally moving past the lull that occurred when the home buyer tax credits expired and economic growth stalled this summer. There has been an interesting exchange among Fed governors over QE2. Yesterday Chicago Fed President Evans Reiterated his support for more accommodation, asserting that further QE should not be data dependent. This morning Fisher went on CNBC to reiterate that the Fed may or may not decided to carry out QE2, and said any decision will be data driven. Crude remains at the high levels seen last week, trading around $83, while gold is just shy of $1,370. US Treasury prices are higher, but the 10-year benchmark yield remains above 2.51%.

- Shares of Citigroup are still at their highs, up nearly 4%, after the bank's rather ho-hum earnings. Citi met analysts' expectations more or less in its Q3, but like JP Morgan last week, Citigroup said it sustained its bottom line in part by releasing money it had set aside to cover bad loans. Note that JP Morgan and Morgan Stanley is up more than 2% in early trading and shares of the other big banks are all in positive territory. Oil services giant Haliburnton modestly exceeded the consensus view. The company said its North American business generated record revenue, benefiting from robust activity in shale gas fields and a shift in drilling to oil basins from natural gas as prices for crude oil firmed during the quarter. Investors were not impressed, and shares of HAL are down more than 4%. Toy firm Hasbro is up more than 6% after modestly beating earnings estimates.

- A plethora of deals and even a deal failure or two have been announced this morning, including the end of the Rio Tinto/BHP joint venture effort. In regards to the latter,
BHP and Rio said that their decision to end the attempt to form a jv comes after extensive talks with European regulators, including some, like Germany, who would have prohibited the deal outright. In the biggest announcement in recent memory, Northeast Utilities said it would acquire competitor NSTAR for $40.22/shr, in a deal worth $17.5B. St. Jude Medical announced that it would acquire cardiovascular and atrial fibrillation device maker AGA Medical for $20.80/shr in cash and stock, for a 41% premium to Friday's close, in a deal worth $1.3B. American Commercial Lines said it would be acquired by Platinum Equity at $33/shr, in a deal valued at $777M. Note that shares of Quicksilver Resources are up nearly 20% after a major holder said it was exploring alternatives for its stake in the name.

- FX trading during the
New York session confirm there has been no newfound enthusiasm for the dollar, confirming that earlier dollar strength was more a result of positioning. The first monthly decline in US Industrial production since June 2009 had the EUR/USD pair little changed from its opening levels in Asia. In addition, the euro benefitted from news that Spanish PM Zapatero had secured an agreement with the Canary Islands Coalition which would ensure the passage through parliament the minority government's 2011 austerity budget. The light US calendar this week set the trading focus on equities and events elsewhere but dealers conceded the Nov G20 might become a factor as the week grinds on.

***Looking Ahead***
- 11:00 (EU) Euro-Area Finance Ministers Resume Meeting
- 12:55 (US) Fed's Lockhart Gives Speech on Economy
- 13:00 (GE) RWE Think Tank and German Econ Min Bruederle at Energy Roundtable
- (AR) Argentina Oct Consumer Confidence: No est v 48.83 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