User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday October 22, 2014 - 16:02:20 GMT
Trade the News Staff - www.global-view.com/forex-services/TTN/

Share This Story:
| | Email

TradeTheNews.com US Market Update: On Track for Fifth Session of US Equity Gains


Wed, 22 Oct 2014 11:15 AM EST

***Economic Data***
- (US) MBA Mortgage Applications w/e Oct 17th: +11.6% v +5.6% prior
- (US) Sept CPI M/M: 0.1% v 0.0%e; Y/Y: 1.7% v 1.6%e
- (US) Sept CPI Ex Food and Energy M/M: 0.1% v 0.1%e; Y/Y: 1.7% v 1.7%e
- (US) Sept CPI NSA: 238.031 v 238.030e; CPI Core Index: 238.677 v 238.625
- (CA) Canada Aug Retail Sales M/M: -0.3% v 0.0%e; Retail Sales Ex Auto M/M: -0.3% v +0.2%e
- (MX) Mexico Aug Retail Sales Y/Y: 4.4% v 2.7%e
- (CA) Bank of Canada (BOC) left interest rates unchanged at 1.00%, as expected
- (US) DOE Crude: +7.1M v +3Me; Gasoline: -1.3M v -1.5Me; Distillate: +1.05M v -1.5Me

US equities are gaining again this morning after a round of benign earnings reports. As of writing, the DJIA is up 0.06%, the S&P500 is up 0.20% and the Nasdaq is up 0.22%.

Inflation continues to stubbornly avoid showing up in the official CPI data. There were no surprises in the September CPI reading. The core index has posted changes of zero or 0.1% in each of the past four months, and nothing in the details of this morning's report suggests that trend is likely to change in October.

There are dramatic headlines out of Ottawa this morning, where one or more gunman reportedly opened fire and shot a soldier a short time ago. There were reports of a possible second shooter, and shots have been heard inside of parliament. Separately, the Bank of Canada left rates unchanged at its decision, but boosted inflation and GDP forecasts. The BoC has cancelled its press conference due to the shooter situation. After rising steadily over the first three weeks of October, USD/CAD has reversed and is around 1.1206 currently.

Full results of the European bank stress tests are due on Sunday and both the press and traders are having a field day with leaks. Note that the ECB's asset quality review (AQR) and the European Banking Authority's stress tests run concurrently. One Spanish source reported 11 of the 130 banks being tested by the ECB failed the review. PIMCO's Bodereau said he expects 18 banks to fail the ECB review. The euro may be suffering from the stories: EUR/USD has been forced back toward the lows seen last week, around 1.2658.

EMC's third quarter earnings fell short of expectations, although y/y gains were solid. Separately, EMC announced it would consolidate its ownership of the VCE joint venture, acquiring stakes from existing partners Cisco and VMware. VCE sells data center equipment that melds computing, storage, networking and virtualization into a single product. Terms of the deal were not disclosed, although its worth noting that Cisco owns 35% of VCE and EMC owns 58%.

Yahoo saw modest revenue gains in the third quarter, while both earnings and revenue topped consensus expectations. Display revenue was constrained, although it broke out mobile ad revenue for the first time, saying it was more than $200M. The company said it made $6.3 billion on Alibaba in the quarter. On the call, CEO Mayer said the company was examining alternatives for the Alibaba funds, without offering more details. YHOO is up 5.8% this morning.

Shares of defense names General Dynamics and Northrop Grumman are up 3% and 1.5%, respectively. Both names were well ahead of expectations on solid y/y growth. NOC raised its FY14 guidance modestly. Shares of Boeing were down as much as 2% after earnings despite its higher guidance and very good headline results. Analysts were raising concerns about signs the costs of the 787 Dreamliner were creeping higher.

***Looking Ahead***
- 15:00 (UK) BOE's Weale at event in Cambridge
- 21:35 (JP) Japan Manufacturing PMI: 52.0e v 51.7 prior
- 21:45 (CN) China HSBC Manufacturing PMI: 50.2e v 50.2 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."



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




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
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