User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday August 6, 2013 - 15:34:54 GMT
Trade the News Staff - www.global-view.com/forex-services/TTN/

Share This Story:
| | Email

TradeTheNews.com US Market Update: Equity Markets Sag on Absence of Positive Catalysts

TradeTheNews.com US Market Update: Equity Markets Sag on Absence of Positive Catalysts
Tue, 06 Aug 2013 11:17 AM EST


***Economic Data***
- (PT) Bank of Portugal reports July ECB financing to Portuguese banks at 50.15B v 49.4B prior
- (DE) Germany Jun Factory Orders M/M: 3.8% v 1.0%e; Y/Y: 4.3% v 0.3%e
- (BR) Brazil July FGV Inflation IGP-DI M/M: 0.1% v 0.2%e
- (US) ICSC Chain Store Sales w/e Aug 3rd: w/w +0.3%; Y/Y: +2.5%
- (CA) Canada Jun Int'l Merchandise Trade: -C$470M v -C$510Me
- (US) Jun Trade Balance: -$34.2B v -$43.5Be
- (US) Redbook Retail Sales w/e Aug 3rd: +3.7% y/y, July MTD: +1.0% m/m; July YTD: +3.2%- 09:00
- (MX) Mexico Jun Leading Indicators M/M: 0.01 v 0.03 prior
- (EU) Weekly ECB Forex Reserves: 212.8B v 212.3B prior
- (BR) Brazil July Vehicle Production: 312.3K v 320.8K prior; Vehicle Sales: 342.3K v 318.6K prior
- (US) Aug IBD/TIPP Economic Optimism: 45.1 v v 47.5e
- (US) June JOLTs Job Openings: 3.93M v 3.9Me
- (UK) July NIESR GDP Estimate: 0.7% v 0.6% prior
- (MX) Mexico July Vehicle Production: 234.7K v 266.4K prior; Vehicle Domestic Sales: 86.6K v 83.7K prior

- US equities have moved lower from the open of trading this morning, dragging European equities sharply lower with them. There is no single catalyst, with a combination of sagging retail shares, the CS downgrade of IBM and profit taking after recent record highs all being cited. As of writing, the DJIA is down 0.74%, the S&P500 is down 0.80% and the Nasdaq is down 0.92%.

- The June trade deficit dropped 22.4% to $34.2 billion, the lowest level since October 2009 and well below May's $44.1 billion figure. Exports rose slightly to $191.2 billion. Analysts point out that the trade deficit is turning out to be much lower than the Commerce Department assumed when preparing the advance estimate of Q2 GDP and that the actual data could add about six-tenths of a percentage point to the running total of Q2 revisions. This suggests that, pending additional data, the second reading of Q2 GDP could be as high as +2.3% versus the advance estimate of +1.7%.

- Newly inaugurated Iran President Hasan Rouhani said he is prepared to begin "serious and substantive" negotiations with western powers over Iran's nuclear program. The comments come after both EU and White House officials said Rouhani's accession presents a good opportunity to restart talks.

- Atlanta Fed Governor Lockhart commented that the Fed could begin tapering QE bond purchases as early as Sept but would not rule out an October date. Lockhart also said the soft July non-farm payrolls likely reflect the impact of the slow summer season. He expects to see NFP monthly figure averaging 180-200K.

- Last night there were press reports that most workers in IBM hardware unit in the US will be required to take one week off with reduced pay, due to continuing slack in markets. In addition, Credit Suisse cut IBM to underperform from neutral, warning that future organic growth will be challenging. All in all IBM is down 2.5% today.

- Shares of MGM are up more than 5% in the early going after the casino name comfortably topped expectations on solid revenue growth in both Las Vegas and Macau operations. The rest of the major casino stocks are in the red.

- Teen retailer American Eagle Outfitters cut its Q2 guidance in half just two weeks ahead of reporting results for the quarter. The firm warned that revenue decreased 2% in Q2 while comps decreased 7%, with sales exacerbated by a highly promotional retail environment. Multiple firms cut ratings after the announcement and shares of AEO are down more than 16%. Other retailers are suffering on the news, with ANF down 6.7%, PSUN and URBN down 5% a piece and GPS down 3%.

- The Washington Post Company is up 4.5% after Amazon.com CEO Jeff Bezos cut a deal to acquire the firm's main operating business and one of the nation's premier newspapers, the Washington Post, for $250M. Analysts point out that the move will not affect Amazon as Bezos is buying the operation on his own. The media circus has only just begun as talking heads try to divine Bezos' intentions for the paper.

***Looking Ahead***
- 11:30 (US) Treasury to sell $45B in 4-Week Bills
- 12:00 (US) DOE Aug Short-Term Crude Outlook
- 13:00 (US) Treasury to sell $32B in 3-Year Notes
- 13:00 (US) Fed's Evans speaks to Reporters in Chicago
- 16:30 (US) Weekly API U.S. Crude Oil Inventories

 

 

 

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 15 November 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:

Thu 16 Nov
01:30 AU- Employment
09:30 GB- Retail Sales
10:00 EZ- final HICP
14:15 US- Industrial Production
Fri 17 Nov
13:30 CA- Retail Sales, CPI
13:30 US- Housing Starts and Permits

Forex Trading Outlook


Potential Trading Opportunities


  • POTENTIAL PRICE RISK: HIGH to Medium Wed -- 20:30 GMT AU- Employment data.

  • POTENTIAL PRICE RISK: HIGH Thu -- 09:30 GMT GB- Retail Sales.

  • POTENTIAL PRICE RISK: Mediun Thu -- 10:00 GMT EZ- final HICP. ECB targets inflation.

  • POTENTIAL PRICE RISK: Medium Thu -- NY Morning US- Import Prices, Philly Fed, Industrial, Production, NAHB. Usually not major movers.


  • POTENTIAL PRICE RISK: HIGH to Medium Fri -- 13:30 GMT CA- Retail Sales and CPI.

  • POTENTIAL PRICE RISK: HIGH to Medium Fri -- 13:30 GMT US- Housing Starts and Permits.



John M. Bland, MBA
co-founding Partner, Global-View.com

EXCLUSIVE: Global-View Daily Trading Chart Points Updated

EXCLUSIVE: Global-View Free Forex Database updated




TRADER ADVOCACY ARTICLES

Trader's Advocate Articles..

pic

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 Global-View.com.

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

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.

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