User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday January 16, 2014 - 16:46:00 GMT
Trade the News Staff - www.global-view.com/forex-services/TTN/

Share This Story:
| | Email

TradeTheNews.com US Market Update: Mixed Bank Earnings Undermine Equity Markets

TradeTheNews.com US Market Update: Mixed Bank Earnings Undermine Equity Markets
Thu, 16 Jan 2014 11:22 AM EST

***Economic Data***
- (IL) Israel Q3 Final GDP Annualized: 2.3% v 2.0% prelim
- (IE) Ireland Dec CPI M/M: 0.0% v -0.2% prior; Y/Y: 0.2% v 0.3% prior
- (IE) Ireland Dec CPI EU Harmonized M/M: +0.1% v -0.1% prior; Y/Y: 0.4% v 0.3% prior
- (IE) Ireland Nov Trade Balance: 2.5B v 3.0B prior
- (BR) Brazil Nov Retail Sales M/M: 0.7% v 0.4%e; Y/Y: 7.0% v 6.2%e; Broad Retail Sales Broad Y/Y: 5.6% v 4.1%e
- (RU) Russia Gold and Forex Reserve w/e Jan 3rd: $499.1B v $511.6B prior
- (PL) Poland Dec CPI Core M/M: -0.1% v -0.1%e; Y/Y: % v 1.1%e
- (US) Dec CPI M/M: 0.3% v 0.3%e; Y/Y: 1.5% v 1.5%e
- (US) Dec CPI Ex Food and Energy M/M: 0.1% v 0.1%e; Y/Y: 1.7% v 1.7%e
- (US) Dec CPI NSA: 233.049 v 233.066e; CPI Core Index SA: 235.496 v 235.586e
- (US) Initial Jobless Claims: 326K v 328Ke; Continuing Claims: 3.03M v 2.85Me
- (CA) Canada Nov Int'l Securities Transactions (CAD): 8.7B v 4.4B prior
- (MX) Mexico Nov Leading Indicators: 0.1 v 0.1 prior
- (US) Jan Philadelphia Fed Business Outlook: 9.4 v 8.7e
- (US) Jan NAHB Housing Market Index: 56 v 58e
- (US) Weekly EIA Natural Gas Inventories: -287 bcf v -295 to -305 bcf expected

- Investors are not feeling very confident this morning in the wake of compromised reports out of Goldman Sachs, Citigroup and Best Buy, with big declines in these and other major names weighing on broader markets. As of writing, the DJIA is down 0.52%, the S&P500 is down 0.40% and the Nasdaq is down 0.08%.

- Contrasting December inflation reports in the US and the Eurozone are front-and-center this morning. The Eurozone report showed CPI up 0.3% m/m and the annualized rate dropped to 0.8% from 0.9% in November. Meanwhile in the US the m/m figure was also 0.3%, while the annualized CPI rate rose to 1.5% from 1.2% in November, while core CPI was unchanged at 1.7%. Yields on 10-year bund are hitting six-week lows around 1.78% compared to a 2.85% yield on the 10-year UST. The greenback has had trouble strengthening further against the euro, with EUR/USD repeatedly testing 1.3580 to the downside.

- Dovish Fed governor Williams discussed some of his doubts about QE in a paper out today. Williams said that while asset purchases by the Fed have been a potent tool, the impact is blunt and carries risks that are not well understood. There is a great deal of uncertainty involved in judging the impact of QE on the real economy, although some studies show QE has had a big impact on long-term borrowing costs.

- Shares of Goldman Sachs are down 2.2% this morning despite beating consensus expectations for earnings and revenue. Note that Goldman's fourth-quarter net income dropped 19% as revenue from bonds, currencies and commodities trading slumped 15% y/y.

- Citigroup's income more than doubled in the company's fourth quarter, with EPS rising to $0.82 from $0.38, ex charges, but this still fell short of consensus expectations. Revenues also fell a bit short, with fixed-income revenues down 15% y/y and securities and banking revenues down 5% y/y. Citi shares are down nearly 4% this morning.

- PNC Bank disclosed very strong fourth quarter results, with both earnings and revenue well ahead of estimates. The firm's net income hit record highs for the FY13 period, with credit metrics looking very strong. The bank did warn that its FY14 revenue would decline on a y/y basis. PNC is up 2.5%

- UnitedHealth's fourth-quarter earnings rose 15%, meeting expectations. The rollout of the ACA health reform in the quarter, helping the insurance giant add millions of customers, with total enrollment up 11% y/y. Note that the company is also starting to see big gains in profits from its IT and pharmacy benefits management sectors.

- Best Buy is falling apart this morning, with shares down more than 27% after the firm disclosed its holiday season comps fell 0.8% y/y. The firm touted its increase in market share, which came via heavy discounting and lower margins. It expects its Q4 operating margin to be 175 to 185 basis points lower than the same period last year.

- Johnson & Johnson is being offered $4.15 billion by the Carlyle Group for its Ortho-Clinical Diagnostics business. The company has until the end of March to decide whether to accept the offer. The Ortho-Clinical business makes equipment for screening blood supplies.

- Nu Skin is down another 20% after China's Ministry of Commerce said it is currently verifying whether or not Nu Skin is engaged in a pyramid scheme and the China State Administration for Industry & Commerce (SAIC) said it would open its own investigation to verify if the company is engaged in illegal activities.

***Looking Ahead***
- 12:00 (CH) SNB's Jordan speaks at Zurich Economic Society
- 12:00 (EU) ECB's Reinesch (Luxembourg) speaks at conference in Luxembourg
- 13:00 (IL) Israeli PM Netanyahu Speaks to Journalists to Mark New Year
- 16:00 (CL) Chile Central Bank Interest Rate Decision: Expected to leave Overnight Rate Target unchanged at 4.50%

 

 

 

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 20 November 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:


Mon 20 Nov
14:00 EZ- Draghi Speech
15:00 US- Leading Indicators
Tue 21 Nov
15:00 US- Existing Homes Sales
23:00 US- Yellen Speech
Wed 22 Nov
13:30 US- Weekly Jobless
13:30 US- Durable Goods
15:00 US- final University of Michigan Survey
15:30 US- EIA Crude
19:00 US- FOMC Minutes
Thu 23 Nov
US/JP- Holiday
All Day flash PMIs
13:30 CA- Retail Sales
Fri 24 Nov
All Day flash PMIs
09:00 DE- IFO Survey
US- Early Closes

Forex Trading Outlook


Potential Trading Opportunities


  • POTENTIAL PRICE RISK: HIGH Mon -- 14:00 GMT EZ- Draghi speaks in Brussels. Looking for any policy hints or bias


  • POTENTIAL PRICE RISK: HIGH Tue -- 13:30 GMT US- Existing Homes Sales. Top Housing Statistic

  • POTENTIAL PRICE RISK: HIGH Tue -- 23:30 GMT US- Yellen Speech. Early evening. Looking for anything on policy


  • POTENTIAL PRICE RISK: Medium Wed -- 13:30 GMT US- Weekly Jobless, Durable Goods
  • POTENTIAL PRICE RISK: Medium Wed -- 15:00 GMT US- final University of Michigan Survey
  • POTENTIAL PRICE RISK: Medium Wed -- 15:30 GMT US- EIA Crude
  • POTENTIAL PRICE RISK: HIGH Wed -- 19:00 GMT US- FOMC Policy Minutes. Key policy release


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