User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday November 19, 2010 - 16:33:09 GMT
Trade the News Staff -

Share This Story:
| | Email

Forex Blog - US Market Update (TTN)

Friday, November 19, 2010 11:21:30 AM

 US Market Update

Dow -20 S&P -2.6 NASDAQ -5.5

***Economic Data***
- (IR) Ireland Sept Trade Balance: €3.9B v €3.8B prior
- (PD) Poland Oct Sold Industrial Output M/M: -1.6% v 0.0%e; Y/Y: 8.0% v 10.1%e
- (PD) Poland Oct Producer Prices M/M: 0.0% v 0.2%e; Y/Y: 4.0% v 4.1%e
- (BE) Belgium Nov Consumer Confidence: 0 v -2 prior

- Traders are a bit cautious again this morning after yesterday's risk-on session, following China's reserve requirement increase. The Chinese announcement came just as leading central bankers - including the Fed's Bernanke, ECB Chief Trichet, Brazil's Meirelles and IMF Chief Strauss-Kahn - began a panel discussion on the current state of global monetary policy. The Irish situation is adding to the uncertainty, with Ireland still mum on whether it plans to accept a bank bailout or not, even as official rhetoric makes it seem the nation cannot avoid saying yes to European funding. Adding to the celtic tension, Anglo Irish Bank stated that accounts were down significantly YTD and fund raising has been challenging, further pressuring the bank's capital levels and further complicating Ireland's rapidly evolving bank crisis. Crude has rolled over into the January contract, which is trading just shy of $82. Treasury prices not moving all that much but are a little higher, with the 10-year yield just below 2.9% and the long bond pinned at 4.25%.

- In tech earnings, Dell's Q3 earnings were better than expected, although its revenue take was subpar. The PC giant continues to see strength from the ongoing corporate IT refresh cycle, while its sees consumer demand softer than hoped. Semi name Marvell Technology was a bit ahead of consensus views in its Q3.'s revenue beat the Street and the firm slightly increased its 2011 earnings outlook. DELL is up 2%, MRVL is up more than 4% and CRM is up 15%.

- In retail earnings The Gap met expectations and reaffirmed its outlook, although the firm's existing earnings guidance range still falls short of consensus estimates. Foot Locker and Ann Taylor did quite well. ANN beat top- and bottom-line expectations, while Foot Locker crushed earnings targets, tripling profits on a y/y basis. Comps at ANN and FL were very strong. GPS is down 2%, while FL and ANN are both up 8%.

- The greenback is its worst levels and moving into positive territory as the concerns that festered earlier in the week resurfaced late on Friday. The PBoC reserve requirement increase earlier in the day had dealers rethink the chances for further tightening by the Chinese. ECB Chief Trichet stressed the importance of a strong dollar, providing an excuse for traders to square up positions for the week. The update by Allied Irish in mid-NY morning provided the dollar with more momentum for the rebound.

***Looking Ahead***
- (CO) Colombia Central Bank Interest Rate leaves the Overnight Lending Rate unchanged at 3.00%; As Expected
- 11:30 (BR) Brazil Oct
CAGED Formal Job Creation: 169.0Ke v 246.9K prior
- 14:00 (AR) Argentina Sept Economic Activity Index M/M: No est v 0.3% prior; Y/Y: 8.8%e v 8.5% prior
- 14:00 (AR) Argentina Industrial Production M/M: No est v 1.2% prior; Y/Y: 9.0%e v 10.1% 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 19 Mar 2018
Tue 20 Mar 2018
AA 9:30 GB- CPI
A 10:00 DE- ZEW Survey
Wed 21 Mar 2018
AA 03:00 AU- Employment
AA 9:30 GB- Employment
A 12:30 US- Current Account
AA 14:00 US- Existing Homes Sales
A 14:30 US- EIA Crude
A A 18:00 US- Fed Rate Decision
A 21:00 NZ- RBNZ Rate Decision
Thu 22 Mar 2018
AA All Day flash PMIs
AA 9:30 GB- Retail Sales
AA 12:00 GB- Bank Of England Decision
A 13:30 US- Weekly Jobless
Fri 23 Mar 2018
AA 12:30 CA- CPI/Retail Sales
A 12:30 US- Durable Goods
A 14:00 US- New Homes Sales

John M. Bland, MBA
co-founding Partner,
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.



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