User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday November 13, 2014 - 16:41:08 GMT
Trade the News Staff -

Share This Story:
| | Email US Market Update: Oil slides and most stocks enjoy the ride

Thu, 13 Nov 2014 11:27 AM EST

**Economic Data***
- (IE) Ireland Oct CPI M/M: -0.3% v -0.2% prior; Y/Y: 0.2% v 0.3% prior
- (IE) Ireland Oct CPI EU Harmonized M/M: -0.3% v -0.3% prior; Y/Y: 0.4% v 0.5% prior
- (IE) Ireland Sept Trade Balance: 3.3B v 3.4B prior
- (RU) Russia Gold and Forex Reserve w/e Nov 7th: $421.4B v $428.6B prior
- (RU) Russia Q3 Advance GDP Y/Y: 0.7% v 0.3%e
- (PL) Poland Sept Current Account Balance: -0.2B v -0.5Be; Trade Balance: 0.6B v 0.4Be
- (PL) Poland Oct CPI M/M: 0.0% v 0.2%e; Y/Y: -0.6% v -0.4%e
- (US) Initial Jobless Claims: 290K v 280Ke; Continuing Claims: 2.392M v 2.35Me
- (CA) Canada Sept New Housing Price Index M/M: 0.1% v 0.2%e; Y/Y: 1.6% v 1.7%e
- 09:15 (BR) Brazil to sell 2015, 2016 and 2018 Bills
- 09:15 (BR) Brazil to sell Fixed-rate 2021 and 2025 bonds
- 10:00 (US) Sept JOLTS Job Openings: 4.8Me v 4.835M prior
- 11:00 DOE Crude: -1.74M v +0.5Me; Gasoline: +1.8M v +0.5Me; Distillate: -2.8M v -1.5Me; Utilization: 90.1% v 89.2%

- The jobs picture received some mixed data on the headline, but looking under the hood the figures show a labor market that continues to improve. Weekly initial and continuing jobless claims ticked up with the initial figure reaching 290K for first time since mid Sep. The Sep JOLTS report more than offset it though. The headline 4.7M job openings were slightly below consensus expectations but the quite rate spiked to 2.8M the highest level since April 2008. The surge in quits was accompanied by a 6% increase in new hires, which climbed above the 5 million mark for the first time since December 2007.

- Oil prices remain a major driver of trade. WTI is slipping back towards $75 for the first time since 2009 while Brent is getting a foothold below the $80 mark. Washington appears to be pushing towards a vote on the XL pipeline while more soft economic data out of China and Europe continue to weigh on prices. Weekly DOE data did little to help prices after the utiliation rate jumped back above 90%. The OSX (oil service index) is down roughly 3% is by far the worst performing sector. Exxon, Chevron and Caterpillar all leveraged to oil are leading what is only a handful of Dow decliners.

- The psyche of the US consumer heading into the holidays is under the microscope following reports from various US retailers. The mood is mixed as Walmart offered some green shoots indicating Q4 SSS could end up positive. Kohls is 3.5% lower after noting they saw a particularly sharp falloff in traffic and sales in late Oct but also noted they had snapped back nicely in November. Enough to guide Q4 comp sales up 2-3% v -1.8% Q3 and remain cautiously optimistic. The turnaround in JCP remains shackled by losses, low single digit SSS projections and slowly improving free cash flow figures. Interestingly the other Dow components in the red not oil plays are American Express, Visa and JP Morgan.

- Warren Buffet and his Berkshire Hathaway are back in the news after announcing a deal to acquire the Duracell battery unit of P&G with cash and of all things P&G stock. The deal is valued at $6.7B and was done at 7x EBITDA indicating deals are still out there to be had for acquirers with deep pockets. Separately Hasbro is said to be in talks with Dreamworks Animation about a cash and stock deal that would bring the studio under control of the toymaker. Initial reception is tepid at best as Hasbro shareholders have seen the stock slide 6% while DWA has rallied 18%.

- Buyers have stepped into shares of Cisco post Q1 results that were largely in line with expectations. CSCO also announced a transition for its CFO which has put to rest speculation for some CEO Chambers could be leaving anytime soon.

**Looking Ahead**
All times listed for economic events are denominated in Eastern Standard Time (Add 5 hours for GMT equivalent)
- (DE) German Budget Committee finalizes 2015 Budget Draft
- Germany Foreign Min Steinmeier meets Russia counterpart Lavrov
- 11:00 (US) Treasury announces size of upcoming 10-year Tip auction
- 13:00 (US) Treasury to sell $16B in 30-Year Bonds
- 14:00 (US) Oct Monthly Budget Statement: -$111.7Be v -$B prior
- 18:00 (PE) Peru Central Bank Interest Rate Decision: Expected to leave Reference Rate unchanged at 3.50%
- (AU) G20 Finance Ministers begin 2-day summit in Australian (ahead of leader Summit)


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