User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday February 6, 2014 - 16:59:46 GMT
Trade the News Staff - www.global-view.com/forex-services/TTN/

Share This Story:
| | Email

TradeTheNews.com US Market Update: Marginally Better Data Provides a Reason to Buy

TradeTheNews.com US Market Update: Marginally Better Data Provides a Reason to Buy
Thu, 06 Feb 2014 11:36 AM EST

***Economic Data***
- (DE) Germany Dec Factory Orders M/M: -0.5% v +0.2%e; Y/Y: 6.0% v 6.3%e
- (RU) Russia Gold and Forex Reserve w/e Jan 31st: $498.9B v $496.7B prior
- (UK) Bank of England (BOE) left both Interest Rate and Asset Purchase Target (APT) unchanged at 0.50% and 375B respectively; as expected
- (CZ) Czech Central Bank left its Repurchase Rate unchanged at 0.05% and maintained its floor in EUR/CZK cross at 27.00; as expected
- (CL) Chile Dec Real Wage M/M: 0.6% v 1.0% prior; Y/Y: 2.4% v 2.9% prior
- (US) Jan Challenger Job Cuts: 45.1 v 30.6K prior; Y/Y: +11.6 v -5.9% prior
- (BR) Brazil Jan Vehicle Production: 237.5K v 235.9K prior; Vehicle Sales: 312.6K v 353.8K prior; Vehicle Exports: 25.8K v 43.3K prior
- (EU) ECB left its main Refi Rate unchanged at 0.25% and other key rates steady (as expected)
- (US) Q4 Preliminary Nonfarm Productivity: 3.2% v 2.8%e; Unit Labor Costs: -1.6% v -0.7%e
- (US) Initial Jobless Claims: 331K v 335Ke; Continuing Claims: 2.964M v 3.00Me
- (US) Dec Trade Balance: -$38.7B v -$36.0Be
- (CA) Canada Dec Int'l Merchandise Trade: -C$1.7B v -C$0.7Be
- (MX) Mexico Dec Leading Indicators M/M: 0.1 v 0.1 prior
- (CA) Canada Jan Ivey Purchasing Managers Index (Seasonally Adj): 56.8 v 51.0e; PMI unadj: 53.6 v 40.2 prior
- (HU) Hungary Jan YTD Budget Balance (HUF): -75.4B v -929.2B prior
- (US) Weekly EIA Natural Gas Inventories: -262 bcf v -265 to -275 bcf expected range

- What a difference a day makes. Investors are swooping in to snap up discounted equities after the tumult of the last three sessions. Apparently a marginally better weekly claims report has erased memories of the weak ADP numbers and primed markets for volatile excitement with tomorrow's January US jobs report. As of writing, the DJIA is up 0.93%, the S&P500 is up 0.95% and the Nasdaq is up 1.17%.

- The weekly jobless claims data declined to 331K from 351K in the prior week. The spike higher seen in last week's data has been reversed, although claims are no lower now than they were at the end of last summer. Continuing claims remained stubbornly high at 2.964 million.

- The December trade deficit widened sharply in December as exports fell and imports increased slightly. Analysts point out that the December decline in goods exports wiped out most of the gains of the first 11 months of the year. Note that this suggests the second reading of Q4 GDP will be revised lower.

- There were no surprises in either the BOE or ECB rate decisions. President Draghi took a much less dovish tone in the post-rate decision press conference, hammering home the point that the ECB is in no rush to cut rates. Draghi squashed speculation of any imminent halt to the SMP sterilization process and reiterated there was no deflation in the eurozone. EUR/USD climbed over 100 pips as the press conference progressed, putting the pair right back above 1.3600.

- Shares of Twitter are still down more than 21% this morning as analysts pile on with tons of negative comments. The firm's headline numbers were much better than expected, but traders and analysts insist that slower user growth and weaker engagement trends bode ill for the firm. In addition, the first round of lock-up expirations arrives on February 15th, followed by another round on May 7th. Elsewhere in tech, shares of Pandora are down 10% after the firm's FY14 outlook widely missed consensus estimates.

- Coca-Cola has bought a 10% stake in Green Mountain Coffee worth $1.25 billion and will be promoting a new Coke-branded Keurig cold beverage system created by GMCR. Coke is acquiring 16.7M shares at $74.98/shr. The firm also reported first quarter results that grew moderately y/y and met or beat expectations. The firm reiterated its FY14 guidance, although its second quarter outlook was a bit subpar. Shares of GMCR are up 28.8% on the day.

- Insurance giant Allstate nearly doubled its profits in its fourth quarter. Like other insurers have confirmed earlier in earnings season, catastrophe costs were much lower on a y/y basis. In addition, Allstate has dump its annuity business. Both earnings and revenue blew out expectations. Shares of ALL are up nearly 3%.

- Shares of Disney are up more than 5% in the early going this morning, gaining further after yesterday's post-market advance. Net income rose more than 30%, boosted by strong, double-digit gains at its media and studio units. Disney credited hit film Frozen for turning around the animation studio and said there may be a sequel.

- General Motors disappointed in its fourth quarter, with net income up a weak 2% and adjusted EPS well below expectations. The international operation was very weak, with big declines in profits everywhere except China, where the business remains healthy. The firm warned that underperformance would continue in the first quarter thanks to a variety of headwinds. Shares of GM are flat on the day.

***Looking Ahead***
- 17:30 (US) Fed's Rosengren speaks at New College in Sarasota, Florida
- 19:30 (AU) RBA Statement on Monetary Policy
- 19:30 (AU) RBA Quarterly Statement on Monetary Policy
- 20:00 (NZ) New Zealand PM Key speaks in Sydney
- 20:45 (CN) China Jan HSBC/Markit Services PMI: No est v 50.9 prior

 

 

 

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 21 November 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:


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