Forex News Blog
Back to The Headlines
Share This Story
Trade the News - U.S. Market Update U.S. Market Update
Dow -201 S&P -20 NASDAQ -37.9
- CAT shaved their FY guidance following eps that was below expectations. MMM and MCD revenues were a little light of consensus expectations. Wachovia reported another disappointing quarter for a major US Bank and noted on their conference call that they have some $7B in exposure to SIVs. Traders continue to fear a repeat of this summer's liquidity crunch in debt markets, as well as a possible spillover of housing weakness that could lead to a more pronounced slowdown to growth. It is against this backdrop that money continues to flee equity markets for the relative safety of government bonds. The long bond is up another 1.25 points and its yield has dropped below 4.7%. T- bill rates have given back some 100 basis points since Monday pushing the TED spread (Difference between T-bill and LIBOR rates) back to August levels. Adding to today's equity slide is real weakness in the energy complex. SLB is off nearly 10% after a disappointing earnings report. The OIH trades down nearly 5% in sympathy. November crude tested $90 overnight but retreated back below $88 mid-morning. Google continues to dazzle as the stock is well off of session highs but still posting gains after another strong earnings report.
- The FX market is focused on the G7 communiquÃ© to be issued at the Washington DC summit after trading today to see if any new insights are provided in regards to the Group' s outlook on currencies, in particular the weak USD. With the Euro near the 1.43 level, market participants ponder if any direct reference will be made to Euro strength or USD weakness. In the past, the G7 states that the currencies should reflect fundamentals. Throughout the week, European and Canadian officials have talked openly about China's FX policy and the need for greater flexibility of the Yuan. The JPY was the main currency mover in today's session as credit crunch concerns returned to the front burner. The recent wave of poor US bank earnings throughout the past few days has increased volatility globally. EUR/JPY cross is testing the 163.70 level in the mid NY morning, USD/JPY has moved below 115. JPY is also firmer on possible tougher G7 language and a weaker US stock market.
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
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."
Actionable trading levels delivered to YOUR charts in real-time.
Register To Test Your Amazing Trader
GVI Trading. Potential Price Risk Scale
Tue 19 June 2018
AA: Major, A: High, B: Medium
A 12:30 US- House Permits/Starts
Wed 20 June 2018
A 14:00 US- Existing Homes Sales
A 14:30 US- EIA Crude
Thu 21 June 2018
AA 11:00 GB- Bank of England Decision
A 12:30 US- Weekly Jobless
Fri 22 June 2018
John M. Bland, MBA
co-founding Partner, Global-View.com
Global-View Affiliate Program
We are starting an affiliate program to market some of our products.
Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.
Put the word "affiliate" in the email subject line.
Start trading with forex broker Markets Cube
Max McKegg's Daily Forex Trading Forecasts
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.
Request a TRIAL of Max's Forex Service.