User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday October 1, 2013 - 15:30:34 GMT
Trade the News Staff - www.global-view.com/forex-services/TTN/

Share This Story:
| | Email

TradeTheNews.com US Market Update: Markets Calm Following Government Shutdown

TradeTheNews.com US Market Update: Markets Calm Following Government Shutdown
Tue, 01 Oct 2013 11:17 AM EST

***Economic Data***
- (US) ICSC Chain Store Sales w/e Sept 27th: w/w +0.2%; Y/Y: +2.1%
- (RU) Russia Q2 Final GDP Y/Y: 1.2% v 1.2% prelim
- (US) Redbook Retail Sales w/e Sept 27th +3.8% y/y, Sept MTD: -0.4% m/m; Sept YTD: +3.9% y/y
- (US) Sept Final Markit US PMI Manufacturing: 52.8 v 53.0e
- (BR) Brazil Sept PMI Manufacturing: 49.9 v 49.4 prior
- (EU) Weekly ECB Forex Reserves: 212.1B v 212.0B prior
- (US) Sept ISM Manufacturing: 56.2 v 55.0e; Prices Paid: 56.5 v 55.0e

- In a rare twist of irony, the Italian government is looking more functional than the US government this morning, as PdL members more and more lean toward supporting the Letta government while here in the United States simple cooperation for the public good seem to be impossible. As of writing, the DJIA is up 0.43%, the S&P500 is up 0.71% and the Nasdaq is up 0.86%.

- For the first time in 17 years, much of the federal government is shut down as Congress failed to agree on new funding before a midnight deadline. House Republicans continue to insist on changing, delaying or defunding Obamacare while Senate Democrats and President Obama continue to reject that position. There is no potential resolution in sight at this point, and additionally the debt ceiling is creeping closer, threatening further fiscal chaos. Fitch said that the US debt ceiling is not itself a downgrade trigger, but a formal ratings review with potentially negative implications would be triggered if the government does not raise debt ceiling in a timely manner.

- In Italy, a faction within the conservative PdL party is apparently breaking with Berlusconi and looking to support Letta's government in a confidence vote. Yesterday as many as 20 PdL Senators said they may form a breakaway party, a number that may be up to 40 this morning, although other PdL figures have been urging the party to remain cohesive.

- Between 7:00 and 8:30ET, precious metals tumbled sharply in a pronounced sell-off. Spot Gold dropped to -2.6% on the session to $1,293 while spot silver fell to $20.90/oz, -3.4% on the session. Traders cited 'thin liquidity' conditions for the move, as well as a big set of stops lined up below $1291 for the move in gold. Separately, in a report Fitch asserted that a rebound in gold would be unlikely and further declines likely given the QE unwind and prospect for steady (but unspectacular) US growth. Shares of the gold miners are down 4-5% a piece.

- Ford and Chrysler reported surprising gains in US September sales. Ford sales rose 5.7% to 184K and Chrysler deliveries rose 0.7% to 143K, while General Motors sales declined 11%. A Ford sales executive said overall Q3 industry sales rate hit its best level since 2007. Toyota sales were down 4.3% and Nissan's dropped 5.5%. Note that deliveries for the first two days of September, including the Labor Day holiday, were counted in August figures.

- Shares of Walgreen are up nearly 5% this morning on relatively strong Q4 results, including good comps. Apple is up 2% after Carl Icahn said he had a productive meeting with CEO Cook yesterday. Icahn said he pushed hard for a $150B buyback and both sides agreed to continue in the coming weeks.

***Looking Ahead***
- 11:30 (US) Treasury to sell $35B in 4-week bills
- 11:55 (CA) Bank of Canada Dep. Gov Macklem speech
- 12:00 (EU) EU Commission Rehn in Paris
- 12:00 (IT) Italy Sept New Car Registrations Y/Y: No est v -6.6% prior
- 13:00 (MX) Mexico Sept IMEF Manufacturing Index: 50.1e v 49.2 prior; Non-Manufacturing Index: 49.5e v 49.8 prior
- 14:00 (BR) Brazil Sept Monthly Trade Balance: $2.0Be v $1.2B prior; Total Exports: $21.0Be v $21.4B prior; Total Imports: $18.9Be v $20.2B prior
- 16:30 (US) Weekly API U.S. Crude Oil Inventories
- 17:00 (US) Sept Total Vehicle Sales: 15.60Me v 16.02M prior; Domestic Vehicle Sales: 12.10Me v 12.44M prior
- 17:30 (GR) Greece PM Samaras
- 21:30 (AU) Australia Aug Trade Balance: -A$400M v -A$765M prior
- (US) Fed's Yellen speaks at Economic Club of New York

 

 

 

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