User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday January 21, 2010 - 16:32:24 GMT
Trade the News Staff -

Share This Story:
| | Email

Forex Blog - US Market Update (Trade the News)

Thursday, January 21, 2010 11:29:42 AM

 US Market Update


Dow -171 S&P -16.3 NASDAQ -20
**Economic Data***
- (BR) Brazil Nov Capacity Utilization: 81.4% v 80.8%e
- (BR) Brazil Dec Total Outstanding Loans (BRL): 1.4T v 1.4T prior; Private bank Lending: 824M v 815M prior
- (PD) Poland Dec Producer Prices M/M: -0.2% v -0.3%e; Y/Y: 2.1% v 2.2%e
- (PD) Poland Core Inflation M/M: -0.2% v 0.0% prior; Y/Y: 2.6% v 2.7%e
- (PD) Poland Dec Sold Industrial Output M/M: -5.4% v -1.0%e; Y/Y: 7.4% v 11.7%e
- (CA) Canada Nov Wholesale Sales M/M: 2.5% v 0.5%e
- (US) Initial Jobless Claims: 482K v 440Ke; Continuing Claims: 4.599M v 4.598Me
- (US) Nov RPX Composite 28-day Y/Y: -4.19% v -7.46% prior
- (US) Jan Philadelphia Fed: 15.2 v 18.0e
- (US) Dec Leading Indicators: 1.1 v 0.7%e

- Indices were trading around even this morning as strong earnings reports from various quarters, chiefly Goldman Sachs, managed to offset the higher than expected weekly initial jobless claims number. But a miss on the Philadelphia Fed's regional manufacturing survey and jitters ahead of President Obama's banking regulation press conference has created some uncertainty. Note that some of the usual suspects are also aiding the risk adverse theme to the session. Greek 10-year spreads widened out towards all time highs above 300 basis points, while Chinese
GDP and inflation data spurred talk the government is going to be getting serious sooner about reigning in growth. Commodities are lower and the Dollar has managed to consolidate and even add to its recent gains. Treasury prices opened lower but have rallied nicely with the weaker data and stock market. The US long bond yield has made its way back down to 4.5% and the 10-year is approaching 3.6% which continues to produce a slightly flatter curve.

- Goldman Sachs crushed estimates this morning, disproving the naysayers who had consistently downgraded estimates over the course of the quarter. For the full year, Goldman earned more than $13B, almost as much as $15B earned by the five other big national banks combined. Investment banking revenue, which hobbled JP Morgan last week, grew strongly on both a q/q and y/y basis. Regional banks Fifth Third and KeyCorp are both up nearly 10% after beating earnings expectations - both banks' quarterly losses were smaller than expected. FITB's loan loss provisions are finally declining, although Key doesn't seem to be over the hump quite yet. Financial services names PNC and Legg Mason are both off about 5% a piece. PNC's charge-offs and non-performing assets both spiked q/q, spooking investors. Legg missed earnings estimates.

- Starbucks beat Q1 estimates and hiked its earnings outlook for the full year yesterday after the close. After several quarters of disappointing results, executives are hopeful that the coffee king's business is turning around, insisting that recent comp sales improvements are sustainable and predicting positive comps for the year.
SBUX is up 4% in early trading. Note that consumer name Estee Lauder raised its guidance for Q2 to well above the consensus estimate on strong sales in the US holiday period and in Asia. EL is more than 7%. Airlines Continental and Southwest are both up after reporting Q4 earnings results that were well ahead of expectations.

- Ebay is up *% after moderately better than expected results in its Q4 report and strong guidance for the next quarter and the full year, boosted by the sale of its Skype business and growth in PayPal. Seagate Technology crushed expectations on bullish demand for storage products and strong revenue guidance for next quarter. STX was up as much as 14% immediately after the open, although the name is back around +10% in mid morning trade. Semi name Xilinx and networking name F5 Networks both beat thanks to very strong demand.
FFIV has traded off from +6% to around even, while XLNX is up 4% and heading higher.

- After consolidating its earlier gains from the European, the risk aversion sentiment picked up some momentum over concerns the
US might pass a bank tax. Earlier today stronger than expected China inflation data fueled concerns that the PBoC may have to do more to stop its economy from overheating. The European peripherals also continued to weigh on euro sentiment as the Greek 10-year spread widened above the 300bps against the Bund. EUR/USD is retesting the lower third of its session range as the pair moved back below the 1.4050 area. The euro has not seen a 1.39 handle since last July.



Legal disclaimer and risk disclosure

All information provided by Trade The News (a product of Trade The News, Inc. "referred to as TTN hereafter") is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to Buy or Sell securities. Although information is taken from sources deemed reliable, no guarantees or assurances can be made to the accuracy of any information provided. 1. Information can be inaccurate and/or incomplete 2. Information can be mistakenly re-released or be delayed, 3. Information may be incorrect, misread, misinterpreted or misunderstood 4. Human error is a business risk you are willing to assume 5. Technology can crash or be interrupted without notice 6. Trading decisions are the responsibility of traders, not those providing additional information. Trade The News is not liable (financial and/or non-financial) for any losses that may arise from any information provided by TTN. Trading securities involves a high degree of risk, and financial losses can and do occur on a regular basis and are part of the risk of trading and investing.




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."

Actionable trading levels delivered LIVE to YOUR charts

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 27 May 2019
AAGB/US- Holiday
Tue 28 May 2019
A 14:00 US- Consumer Confidence
C 13:00 US- Case-Shiller
Wed 29 May 2019
A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
A 12:30 US- Weekly Jobless
Fri 31 Mar 2019
AA 10:00 EZ- Flash HICP
A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan

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.

Contact us

Start trading with forex broker Markets Cube


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
Managed Forex Accounts
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

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 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 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.



By using this website, you are agreeing to our Privacy Policy and Terms of Use, and Cookie Policy

Copyright ©1996-2019 Global-View. All Rights Reserved.
Hosting and Development by Blue 105