User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Monday October 6, 2014 - 15:39:14 GMT
Trade the News Staff -

Share This Story:
| | Email US Market Update: Dead Cat Bounce

Mon, 06 Oct 2014 11:29 AM EST

***Economic Data***
- (IE) Ireland Sept Consumer Confidence: 92.8 v 87.1 prior (highest since Jan 2007)
- (CL) Chile Aug Economic Activity Index M/M: 0.5% v 0.4%e; Y/Y: 0.3% v 0.6%e
- (MX) Mexico Aug Leading Indicators M/M: 0.1 v 0.1 prior
- (CA) Canada Sept Ivey Purchasing Managers Index (Seasonally Adj): 58.6 v 52.5e; PMI Unadj: 65.2 v 49.1 prior

This morning's premarket move higher in US equity markets is being dismissed as a dead cat bounce after both the Nasdaq and the S&P500 dipped into negative territory after 1.5 hours of trading. As of writing, the DJIA is up 0.09%, the S&P500 is up 0.13% and the Nasdaq is down 0.25%.

The euro seems to have found a floor at 1.2500, as the terrible German factory orders data has not prevented EUR/USD's rebound from Friday's lows. The pair is around 1.2570 as of writing. WTI crude traded as low as $88.75/bbl before moving back up again.

Hewlett-Packard said it would break itself into two companies, following years of "turn around" that apparently was not going according to plan. HP also spent months trying to sell off various business units, including its PC and enterprise services unit, with no luck. CEO Whitman asserts that by splitting in two, the successor companies would be able to pursue sales or acquisitions with a simpler balance sheet. Reportedly this issue scuttled a plan to buy EMC.

BHP Billiton's plans to cut costs in iron ore and also boost production are shaking up the mining sector. BHP wants to lower unit costs in Western Australia by at least 25% to less than $20/ton and grow exports from the 225 million tons per year seen in 2014 to 290 million tons by 2017. Analysts note the latter figures is Rio Tino's current iron ore output, and Rio is expanding its output to a projected 360 million tons. ADRs of both Australian miners were up more than 2% in New York earlier, but have come off their highs.

Becton Dickinson agreed to buy CareFusion for $58/shr in cash and stock, in a total deal valued around $12.2 billion. The deal will enhance the company's role in providing drug management and patient safety services to hospitals.

Durata Therapeutics has agreed be acquired by Actavis for $23/shr, in a total deal valued at $675M in cash. Actavis has also offered contingent value rights (CVRs) entitling the holder to receive additional cash payments of up to $5.00/shr if certain regulatory or commercial are achieved. Recall that Salix Pharmaceuticals called off a merger deal with Italy's Cosmo Pharmaceuticals last week; analysts highlight that the Durata deal would certainly not prevent Actavis from also possibly acquiring Salix.

GT Advanced Technologies is filing for bankruptcy. The firm makes sapphire displays that many investors hoped would be included on the iPhone 6 and 6 plus models announced last month, but shares of GTAT were crushed after the displays were not included the new iPhones.

***Looking Ahead**
- 16:00 (US) Crop Condition Report
- 20:30 (US) Fed's George on US economy in NM
- 21:30 (AU) RBA Interest Rate Decision; Expected to leave Cash Target rate unchanged at 2.50%


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."

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
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

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
The Amazing Trader
Forex Opportunities
Forex Affiliates
Forex CopyTrading
GVI Forex