***Economic Data*** - (PO) Portugal Oct Construction Works Index: 74.3 v 75.6 prior - (IR) Ireland Oct Industrial Production M/M: -4.8% v 7.9% prior; Y/Y: 7.8% v 10.9% prior - (RU) Russia Oct Trade Balance: $10.5B v $9.9Be - (CA) Canada Oct Int'l Merchandise Trade: -C$1.7B v -C$2.0Be - (US) Oct Trade Balance: -$38.7B v -$43.8Be - (US) Nov Import Price Index M/M: 1.3% v 0.8%e; Y/Y: 3.7% - (US) Dec Preliminary University of Michigan Confidence: 74.2 v 72.0e - (MX) Mexico Sept Gross Fixed Investment: 6.8% v 5.0%e
- US equity markets opened a touch higher this morning, although trading since then has been relatively choppy, with little upside momentum seen. The economic data has been relatively positive, with the US trade deficit falling to its lowest level in nine months in October and US exports at their highest in more than two years. The preliminary DecemberUniversity of Michigan Confidence survey rose to its highest level since January 2008, and prospects for a final deal between the Congressional GOP and the Obama Administration looked better today. Note that traders will be focusing on tonight's November data dump from China, including key CPI data. The US 10-year yield is staying close to that 3.25% level consolidating the week's big move higher in US rates. Precious metals have remained under some pressure forcing the Feb gold contract towards trend line reaching back to this summer.
- Industrial conglomerate United Technology offered markets an initial FY11 forecast at the firm's investor day, with both earnings and revenue projections a bit softer than expected. Executives said they expect market improvements in 2011, with particular strength in emerging markets and the commercial aerospace aftermarket. Industrial services firm Harsco's FY11 outlook was also a below consensus expectations.
- In earnings, GreenMountain Coffee's fourth quarter results were ahead of expectations, while its guidance for the first quarter was mixed, with earnings below par and revenue well ahead of expectations. Shares of GMCR are down nearly 12%; recall that the SEC continues to investigate the firm for accounting irregularities. Shares of National Semiconductor are down more than 6% after the firm missed revenue in its second quarter report and forecasted an even steeper revenue miss for its third quarter. NSM blamed customer inventory corrections for the poor showing.
- On the deals front, Tenet Healthcare rejected an unsolicited $6/shr proposal from arch-rival Community Health Systems. The deal would have valued Tenet at $7.3B. Oxy Pete is shuffling assets in its portfolio, selling oil and gas operations in Argentina to Sinopec for $2.5B and buy properties in South Texas and North Dakota from Shell for around $3.2B. In addition, Oxy raised its quarterly dividend by 21%, to $0.46. Shares of OXY are 2% or so.
- Consolidation remained the theme for the greenback in the New York session. The better US November trade data helped to the longer end of the US curve and provided additional support for the dollar. EUR/USD remained within its 48-hour range but appeared vulnerable below the 1.3160 area. Note that the IMF postponed its scheduled board vote on Irish bailout package for today as it awaited Irish budget measures to be finalized. USD/JPY continues to hover just under the 84 handle.
***Looking Ahead*** - 11:15 (SP) ECB members Trichet and Ordonez Speak in Madrid - 13:00 (EU) EU President Van Rompuy speaks in Madrid - 14:00 (US) Nov Budget Statement: -$130.0Be v -$120.3B prior - (PE) Peru Oct Trade Balance: $ v $601.0M prior
***Key Weekend data*** - (CH) China Nov CPI Y/Y: 4.7%e v 4.4% prior - (CH) China Nov Industrial Production Y/Y: 13.1%e v 13.1% 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
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
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.
Mon 26 Feb 2018 A 15:00 US- New Homes Sales Tue 27 Feb 2018 A 08:55 DE- Jobless B 13:30 US- Durable Goods A 15:00 US- CB Consumer Confidence A 15:00 US- Pending Homes Sales AA 15:00 US- Powell House Testimony Wed 28 Feb 2018 A 10:00 EZ- flash HICP AA 13:30 US- GDP A 15:30 US- EIA Crude Thu 1 Mar 2018 A All Day final Mfg PMIs A 13:30 US- Weekly Jobless AA 13:30 US- Core PCE Deflator AA 15:00 US- Powell Senate Testimony A 15:30 US- EIA Crude Fri 2 Mar 2018 AA 15:00 US- final Univ of Mich
John M. Bland, MBA co-founding Partner, Global-View.com
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.
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.
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.
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 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.
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 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.
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.
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.