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News in 60 Seconds: Markets still mulling over yesterday's Discount rate hike by Fed.

Posted 02-19-2010 at 08:55 AM by Sean Hyman (News in 60 Seconds)
Biggest % gainers: AUD/NZD up 0.53%, EUR/GBP up 0.38% on commodity strength and mild GBP weakness as stocks pull back.

Biggest % losers: GBP/CHF down 0.31%, GBP/JPY on mild GBP weakness.

So far the markets have been fairly tame today. However, the stock futures are down upon the news of the discount rate hike yesterday.

Commodities are strong this morning: Silver up 2.42%, Gold up 1.41% at $1,116...Oil up 1.11% at $79 on the thought that inflation is on the rise and the Fed is taking the "first steps" towards fighting this.

GBP Retail Sales m/m worse -1.2% vs. -0.5% expected.

CAD Core Retail Sales m/m in line at 0.4%.

USD Core CPI m/m...
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Fed raises discount rate unexpectedly today!

Posted 02-18-2010 at 03:45 PM by Sean Hyman (News in 60 Seconds)
18 Feb 3:31:38 PM FED RAISES DESCOUNT RATE BY .25

http://forexstream.dailyfx.com/
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News in 60 Seconds: U.S. PPI higher than expected!

Posted 02-18-2010 at 08:38 AM by Sean Hyman (News in 60 Seconds)
back in the office...glad to be off the road. Will be out all of the final week of February as well.

Biggest % gainers: EUR/GBP up 0.39% ..barely anything else positive.

Biggest % losers: GBP/JPY down -1.03%, CHF/JPY -0.70%, EUR/JPY on mild
JPY strength.


Gold $1,114
Oil $77.19

Japan held rates steady at 0.10% as expected.

CAD Core CPI m/m 0.1% as expected.

CAD CPI m/m 0.3% also as expected.


USD PPI m/m 1.4% much higher than the 0.8% expected. Previous month was upwardly revised to 0.4% vs. 0.2% previously.

USD Core PPI m/m higher at 0.3% vs. 0.2% expected.

USD Philly Fed comes out at 10am...
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News in 60 Seconds: China increases bank reserve requirements, weighs down the market

Posted 02-12-2010 at 08:25 AM by Sean Hyman (News in 60 Seconds)
Biggest % gainers: USD/NOK up 0.89%, USD/CHF, USD/JPY on dollar strength.

Biggest % losers: AUD/USD down 0.82%, EUR/USD, NZD/USD on dollar strength.

Oil $74.16
Gold $1,086

Stock Futures drop as China raises their requirements for their bank's reserves again: http://news.yahoo.com/s/ap/20100212/...us_wall_street
(The more money they have to keep in reserves...the less they can lend out...the more it slows expansion down.)

When rappers get into the oil business..it's probably a sign of a top (just like when they started flashing euros in their videos formerly): http://www.bloomberg.com/apps/news?p...d=awQzRIHP_ZPw

60 pip...
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Sean Hyman has close to 17 years experience as a stockbroker, manager, and trader. He became interested in the financial markets at a young age and decided to work for Charles Schwab in Orlando, FL. He later went on to run a technical analysis “call in” line for their million dollar + clients and active traders. Through the years, he’s refined his trading approach through the use of fundamental/technical analysis and intermarket analysis. He currently works in the FXCM Dallas office.


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