Thread: Trading Economic News

News in 60 Seconds – Cable Climbs on Better than Expected GDP Sends Markets Higher, EU Bank Stress Tests Could Stress out Markets Later

Biggest % gainers: GBP/JPY up 1.52% GBP/CHF up 1.42%, GBP/AUD up 0.95%, GBP/USD up 0.94 %

Biggest % losers: EUR/GBP down 1.00%, EUR/NZD down 0.31% AUD/NZD down 0.24%


DOW JONES INDUS. AVG
10,322.30 201.77 1.99% 07/22
S&P 500 INDEX
1,093.67 24.08 2.25% 07/22
NASDAQ COMPOSITE INDEX
2,245.89 58.56 2.68% 07/22

U.S. Stock-Index Futures Rise; S&P 500 May Extend Weekly Gain
McDonalds, Ford, Verizon had better than expected earnings

Look for Dollar and Yen to weaken against the other Major currency pairs ahead of Eurozone Bank Stress tests due out at 12pm ET

Gold $1,198.00
Oil $78.58

Europe Shows Strength as U.K., German Indicators Top Forecasts

German IFO - Business Climate (JUL) came in at 106.2 which is better than the expected 101.5 and the previous 101.8

UK Gross Domestic Product (YoY) came in at 1.6% which was better than the expected 1.1% and the previous -0.2%

UK Gross Domestic Product (QoQ) came in at 1.1% which was better than the expected 0.6% and the previous number of 0.3%

CAD Bank Canada Consumer Price Index Core (YoY) (JUN) came in at 1.7 which was worse than the expected 1.9% and the previous number of 1.8%




ECB Publishes Banks' Stress Tests Results at 12pm if market does not believe that they were rigorous enough, then a sell off may happen. If the market perceives that they were transparent and rigorous then markets could rally.

Note Spanish regional banks were allowed to merge together to form stronger entities and this was reparted as not taken into account by the stress tests.

News in 60 Seconds – EU Banking System Gets A- on Stress Tests –Markets Rally, New Home Sales Surprise!

Biggest % gainers: NZD/USD up 0.60 %, CAD/JPY UP 0.44%, EUR/USD UP 0.41%, GBP/USD UP 0.39%

Biggest % losers: USD/CHF DOWN 0.61%, USD/CAD down 0.60% USD/ZAR down 0.59%


DOW JONES INDUS. AVG
10,478.28 53.66 0.51%
S&P 500 INDEX
1,108.71 6.05 0.55%
NASDAQ COMPOSITE INDEX
2,278.37 8.90 0.39%

European stocks are mixed to slightly down after 84 banks passed out of a total of 91. 5 of the 7 failed banks were located in Spain while Germany and Greece each had one failed bank.



Gold $1,187.20
Oil $78.75

Europe Shows Strength as U.K., German Indicators Top Forecasts

Australia Producer Price Index (YoY) (2Q) came in at 1.0% was less than the expected 1.5% but greater than the previous number of -0.1%


Australia Producer Price Index (QoQ) (2Q) came in at 0.3% was less than the expected 0.8% and less than the previous number of 1.0%

US New Home Sales (June) came in at 330K which was better than the expected 310K and the previous number of 267K that was revised downward.

US New Home Sales (MoM) came in at 23.6% which was better than the expected 3.3% and the previous number of -36.7% that was revised downward.

US Chicago Fed Nat Activitiy Index for June came in at -0.63 which was worse than the previous number of 0.31 which was revised higher




Stronger new home sales could signal that the worse of the housing crisis is behind us.

News in 60 Seconds – S&P 500 Erases Loss for 2010 while US. Consumers aren’t as Confident

Biggest % gainers: GBP/CHF up 1.50 %, USD/CHF UP 1.27%, EUR/CHF UP 1.11%, on rumors on Swiss National Bank Intervention

Biggest % losers: CHF/JPY DOWN 0.46%, EUR/GBP down 0.37% EUR/NZD down 0.25%


INDEX VALUE CHANGE % CHANGE TIME
DOW JONES INDUS. AVG
10,533.83 8.40 0.08% 10:07
S&P 500 INDEX
1,114.33 -0.68 -0.06% 10:09
NASDAQ COMPOSITE INDEX
2,292.65 -3.78 -0.16% 10:09

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Oil Trading Near 11-week High; Goldman Says Crude too Cheap

Gold $1,174.50
Oil $78.98

Overnight, Australian and European economic data continues to be better than U.S. data

AUD Conference Board Leading Index (MAY) was 0.3% which was better than the previous 0.1%.

CHF UBS Consumption Indicator (JUN) came in at 1.810 which was better than the expected previously revised downward number 1.712%

EUR German GfK Consumer Confidence Survey (AUG) came in at 3.9% which was better than the expected 3.5% and the previous number of 3.6% that was revised upward.

EUR German Import Price Index (MoM) (JUN) came in at 0.9% which was better than the expected 0.6% which was the same as the previous number.


EUR German Import Price Index (YoY) (JUN) came in at 9.1% which was better than the expected 8.6% which was better than the the previous number of 8.5%

GBP U.K. CBI Reported Sales (JUL) came in at 33 which was much better than the expected 3 which was also better than the previous number of 5.


USD Consumer Confidence (JUL) came in at 50.4 which was less than the expected 51.0 and than the previous number of 54.3


FedEX, Lexmark, Lockheed and DuPont posts better than expected earnings which continue to signal continued equity market strength.

GBP/USD Long Looks interesting above 1.5570 – Risk appetite appears to be back in vogue.

Attractive Carry Trades
USD/TRY
TRY/JPY

News in 60 Seconds – Aussie CPI Crumbles U.S. Durable Goods Orders Disappoint –Markets Selloff

Biggest % gainers: EUR/AUD up 0.92 %, GBP/AUD UP 0.80%, EUR/NZD UP 0.53%, on weaker Aussie Consumer Price Index (CPI) and weaker NZD Business Confidence

Biggest % losers: AUD/CAD DOWN 1.21%, AUD/JPY down 0.90%, AUD/USD down 0.83%


INDEX VALUE CHANGE % CHANGE TIME
DOW JONES INDUS. AVG
10,537.69 12.26 0.12% 07/27
S&P 500 INDEX
1,113.84 -1.17 -0.10% 07/27
NASDAQ COMPOSITE INDEX
2,288.25 -8.18 -0.36% 07/27


Boeing says profits fell 21% on “delivery decline”


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Gold $1,166.00
Oil $77.45

Overnight, negative Australian dampens risk appetite for the majors.

AUD Consumer Prices Index (YoY) (2Q) came in at 3.1% which was less than the expected 3.4% but greater than the previous number of 2.9%

AUD Consumer Prices Index (QoQ) (2Q) came in at 0.6% which was less than the expected 1.0% and less than the previous number of 0.9%


NZD NBNZ Business Confidence (JUL) came in at 27.9% which was less than the previous number of 40.2%

NZD NBNZ Activity Outlook (JUL) came in at 32.4% which was less than the previous number of 38.5%

USD Durable Goods Orders (JUN) came in at -1.0% which was less than the expected 1.0% and less than the previous number of -0.8% that was revised up.

USD Durables Ex Transportation (JUN) came in at -0.6% which was less than the expected 0.4% and less than the previous number of 1.2% that was revised up.

I'll be out this week on vacation. However, I'll be back on the following Monday (8/9).

In the mean time, the course instructors will be posting in here occasionally throughout the week and monitoring the forums.

Look forward to seeing you when I get back.

A full week on the Economic Calender highlighted by two Central Bank meetings. The Bank of Japan tonight and the US FOMC tomorrow as listed on the calendar. Here are the events that are considered important enough by the DailyFX analysts to note in your trading decisions. For more on how the market might view these releases, check out DailyFX for their point of view.

News in 60 Seconds – Global Markets Rally Despite Weak Jobs Number, Yen near 15 Year Highs

Biggest % gainers: AUD/NZD UP 0.59 %, AUD/JPY UP 0.35%, USD/JPY UP 0.34%, CAD/JPY UP 0.33% on Japan’s Current Account Surplus Unexpectedly Narrowing as Exports Slump



Biggest % losers: NZD/USD DOWN 0.42%, EUR/USD DOWN 0.28%, EUR/AUD DOWN 0.28%, EUR/GBP DOWN 0.24% Eurozone Current account was less than expected indicating lower exports for countries other than Germany.


INDEX VALUE CHANGE % CHANGE
DOW JONES INDUS. AVG
10,653.56 -21.42 -0.20%
S&P 500 INDEX
1,121.64 -4.17 -0.37%
NASDAQ COMPOSITE INDEX
2,288.47 -4.59 -0.20%

Though Friday’s NFP number indicated a weaker job market, the majors continued to rally against the dollar. There was quite a bit of follow through to the upside seen in the global equity markets overnight.

GBP/USD 1.6000 barrier holding for now

USD/JPY pushing down to 15 year lows.


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Gold $1,210.20
Oil $81.49

Aussie rallied against its counterparts despite weaker home loan numbers

AUD Home Loans (JUNE) came in at -3.9% which was less than the expected -2.0% and far less than the previous number of 3.0%

AUD ANZ Job Advertisements (MoM) (JUL) came in at 1.3% which was less than the previous number of 2.8%


AUD Value of Loans (MoM) (JUN)came in at -1.0% which was less than the previous number of 0.9%

EUR German Exports s.a. (MoM) (JUN)came in at 3.8% which was greater than the expected 1.5% but less than the the previous number of 7.9%

EUR German Current Account (euros) (JUN) came in at 12.9B which was less than the expected 13.6B but much greater than the previous number of 1.8B

EUR German Trade Balance (euros) (JUN)came in at 14.1B which was greater than the expected 12.0B and greater than the previous number of 9.8B that was revised upward

News in 60 Seconds – A Flight to Safety Ahead of Fed Rate Decision

Biggest % gainers: USD/CAD UP 1.06%, USD/CHF UP 0.94%

Biggest % losers: NZD/JPY DOWN 1.29%, CAD/JPY DOWN 1.16%, EUR/JPY DOWN 1.14%,

INDEX VALUE CHANGE % CHANGE
DOW JONES INDUS. AVG
10,580.23 -118.52 -1.11%
S&P 500 INDEX
1,113.92 -13.87 -1.23%
NASDAQ COMPOSITE INDEX
2,268.86 -36.83 -1.60%
S&P/TSX COMPOSITE INDEX
11,773.52 -90.04 -0.76%


Dollar Index breaks out of trend down trend channel after 2 months of relentless selling


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Gold $1,195.20
Oil $79.66


German Consumer Price Index - EU Harmonised (MoM) (JUL F) as expected
came in at 0.3% which was as expected and was the same as the previous number.

French Industrial Production (YoY) (JUN) came in at 5.7% which was less than the previous number of 7.3% and less than the upwardly revised 8.5% number

GBP DCLG UK House Prices (YoY) (JUN) came in at 9.9% which was greater than the expected 9.8% but less than the previously revised downward 10.6%

GBP Visible Trade Balance (Pounds) (JUN) came in at -7401B which was better than the expected 7800B and better than the previous number of -8028


CAD Housing Starts (JUL) came in at 189.2K which was better than the expected 184.0k but less than the previous number of 192.8K

CAD New Housing Price Index (MoM) (JUN) came in at 0.1% which was less than the expected number of 0.2% and less than the previous number of 0.3%


***** The Look Ahead****

US FOMC Rate Decision (AUG 10) at 2:15 pm – forecasts call for rates to remain unchanged at 0.25%

News in 60 Seconds – Fed Keeps Rates Unchanged at 0.25% Says Recovery is Slowing Down – Markets Tank

Biggest % gainers: USD/CAD UP 0.58%, USD/CHF UP 0.45%, GBP/AUD Up 0.27% Dollar Strength after Fed leaves U.S. rate unchanged at 0.25%

Biggest % losers: EUR/JPY DOWN 1.78%, AUD/JPY DOWN 1.63%, GBP/JPY DOWN 1.37% stronger Yen indicating a move from risk appetite to risk aversion

INDEX VALUE CHANGE % CHANGE
DOW JONES INDUS. AVG
10,580.23 -118.52 -1.11%
S&P 500 INDEX
1,113.92 -13.87 -1.23%
NASDAQ COMPOSITE INDEX
2,268.86 -36.83 -1.60%
S&P/TSX COMPOSITE INDEX
11,773.52 -90.04 -0.76%
MEXICO IPC INDEX
32,642.80 -194.77 -0.59%
BRAZIL BOVESPA INDEX
67,014.70 -847.58 -1.25%



Euro is often called the Anti-Dollar---Or in this case, the Dollar is the Anti-Euro


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Gold $1,202.40
Oil $79.33



AUD Westpac Consumer Confidence (MoM) (AUG) came in at 5.4% which was worse than the previous number of 11.1%

Chinese Producer Price Index came in at 4.8% which was less than the 5.9% from the forecasts and less than the 6.4% of the previous year.

Chinese Retail Sales YoY came in worse than expected at 17.9% compared to forecasts of 18.5% and less than the previous number of 18.3%


GBP Unemployment Rate remained unchanged at 7.8%

CAD Trade Balance came in at -1.1B which was worse than the forecasted -0.1B and worse than the previously revised downward number of -0.7B

US Trade Balance came in at -49.9B which was worse than the previous number of -42.0B and worse than the previously revised upward number of -42.0B

***** The Look Ahead****

Eurozone Industrial Production (AUG 12) at 5:00AM – forecasts call for a drop to 0.7% down from the previous number of 1.0%

US Unemployment Claims (AUG 12) 8:30am – forecasts call for a drop in claims from 479K to 465K

News in 60 Seconds – U.S. Jobless Claims Jump to 5-month high Eurozone Industrial output Stalls- Dollar Yen hits 15 Year Low

Biggest % gainers: CHF/JPY UP 0.93%, EUR/NZD UP 0.62%, AUD/NZD Up 0.56% USD/JPY up 0.18% - Yen longs being covered

Biggest % losers: GBP/CHF DOWN 1.14%, EUR/CHF DOWN 1.07%, NZD/USD DOWN 0.93% CHF (Swiss) re- emerging as a safe haven currency

INDEX VALUE CHANGE % CHANGE
DOW JONES INDUS. AVG
10,378.83 -265.42 -2.49%
S&P 500 INDEX
1,089.47 -31.59 -2.82%
NASDAQ COMPOSITE INDEX
2,208.63 -68.54 -3.01%
S&P/TSX COMPOSITE INDEX
11,582.21 -256.08 -2.16%
MEXICO IPC INDEX
32,058.57 -626.95 -1.92%
BRAZIL BOVESPA INDEX
65,790.29 -1,432.94 -2.13%


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Gold $1,216.30
Oil $76.38

Japanese Revised Industrial Production m/m came in at -1.1% which was better than the forecasted -1.5%

Japanese Household Confidence came in at 43.3 which was less than the 44.2 forecasted and less than the 43.5 of the previous number.

Eurozone Industrial Production m/m came in at -0.1% which was worse than expected at 0.7% and worse than the upwardly revised number of 1.1%


Italian Trade Balance came in at -3.06B which was worse than the forecasted -1.41B and worse than the upwardly revised number of -1.93B

US Unemployment Claims came in at 484K which was worse than the forecasted number of 465K and greater than the upwardly revised number of 482K

US Import Prices came in at 0.2% which was less than the 0.4% forecasted number but better than the previous -1.3%

US Trade Balance came in at -49.9B which was worse than the previous number of -42.0B and worse than the previously revised upward number of -42.0B
**** The Look Ahead****
New Zealand Retail Sales (AUG 12) at 6:45 PM – forecasts call for a a 0.1% increase from 0.4% to 0.5%

Euro Bears Have Been Lucky Today! - The U.S. University of Michigan Confidence survey at 9:55 am ET could be the catalyst for breaking above the 1.2828 - 1.2775 range established after the Retail Sales number came out less than expected. With CPI higher than forecasts, there isn't a clear bearish or bullish argument to move the Euro through these levels.

UK and US PPI/CPI Data out Tomorrow - Weaker than expected data could cause GBP and the majors to fall versus the dollar ushering in a renewed flight to safety. Stronger data could cause the majors to rally against the dollar.

News in 60 Seconds – Good Econ Data Boosts Euro-US Housing Continues to Crumble

Biggest % gainers: CAD/JPY UP 1.1% -Better than expected CAD manufacturing shipments
EUR/CHF UP 0.73%, Up 0.56% EUR/GBP up 0.71% - Better than expected German ZEW

Biggest % losers: USD/CAD DOWN 0.89%, GBP/AUD DOWN 0.74%- Lower Core Consumer Price Index (CPI)


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Gold $1,226.50
Oil $75.99

Deflation Fears and lack of Pricing Power becomes more real in UK. On the other hand, higher PPI and CPI numbers and US show inflation may not be too far behind.

EUR Euro-Zone Current Account n.s.a. (euros) (JUN) came in at 1.0B which was better than the previous -17.9B (R-)

GBP Consumer Price Index (MoM) (JUL) came in at -0.2% which came in as forecasted and less than expected--- fueling deflation fears.

GBP Retail Price Index (JUL) came in at 223.6 which is in line with estimates and less than the previous months number of 224.1

GBP Consumer Price Index (YoY) (JUL) came in at 3.1% which is in line with estimates and less than the previous year

EUR Euro-Zone ZEW Survey (Economic Sentiment) (AUG) came in at 15.8 which was better than the forecasted number of 9.3 and better than the previous number of 10.7.

EUR German ZEW Survey (Current Situation) (AUG) came in at 44.3 which was better than the forecated 24.0 and much better than the previous number of 14.6

GBP Core Consumer Price Index (YoY) (JUL) came is at 2.6% which is less than the 3.0% forecasted and less than the previous years number of 3.1% - possibly lessening the chance of a interest rate increase

USD Building Permits (JUL) came in at 565K which is worse than the forecasted 560K but better than the previous 537K
USD Building Permits (MoM) (JUL) came in at -3.1% which was worse than the -0.5% and worse than the previous 1.6%

USD Housing Starts (JUL) came in at 546K which is less than the forecasted 560K but better than the previous 537K

USD Producer Price Index Excluding Food & Energy (MoM) (JUL) came in at 0.3% which was higher than the forecasted 0.1% and higher than the previous 1.1%

USD Producer Price Index Excluding Food & Energy (YoY) (JUL) came in at 4.2% which was in line with estimates and greater than previous 2.8%






**** The Look Ahead****
UK Bank of England Minutes due at 4:30 AM ET, Eurozone Construction Output (MoM) JUN)

US Department of Energy Crude Oil and Distillate Inventories due out 10:30 ET– could influence CAD pairs as well as USOil /UKOil CFD

News in 60 Seconds – US Stocks Rise may Continue – BoE Minutes Trigger GBP Gains

Biggest % gainers: NZD/USD UP 1.02%, NZD/JPY UP 0.69%, NZD/CAD- (Kiwi Complex is running up into a series of news releases at 6:45pm ET)
GBP/AUD UP 0.69%, GBP/USD UP 0.64% on BoE Minutes released (Appears to be a Short covering rally)


Biggest % losers: AUD/NZD DOWN 1.02%, EUR/NZD DOWN 0.71%- AUDCAD down 0.48 %- Aussie lower on weaker economic data

INDEX VALUE CHANGE % CHANGE TIME
DOW JONES INDUS. AVG
10,405.85 103.84 1.01% 08/17
S&P 500 INDEX
1,092.54 13.16 1.22% 08/17
NASDAQ COMPOSITE INDEX
2,209.44 27.57 1.26% 08/17
S&P/TSX COMPOSITE INDEX
11,728.64 175.88 1.52% 08/17
MEXICO IPC INDEX
32,286.08 166.20 0.52% 08/17
BRAZIL BOVESPA INDEX
67,583.77 881.88 1.32% 08/17

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Gold $1,226.60
Oil $75.11

Overnight

AUD Westpac Leading Index (MoM) (JUN) came in at 0.0% which came less than previous number of 0.3%

AUD CBAHIA House Affordability (2Q) came in at 108.3 which came less than previous number of 119.2

AUD DEWR Skilled Vacancies (MoM) (AUG) came in at -0.3% which came less than previous number of 0.3%

AUD Wage Cost Index (QoQ) (2Q) came in at 0.8% which came in lower than the forecasted and previous 0.9%

GBP Bank of England Minutes (AUG 18) the vote was 1 vote for raising rates 0 votes to cut rates and 8 votes to keep the rates at current levels.


**** The Look Ahead****
US Crude oil inventories 10:30 AM ET -1.1M forecast and -3.0M previous could impact CAD/JPY and USD/CAD, USOi/UKOil CFDs

New Zealand PPI 6:45pm 0.6% Forecast, 1.3% previous number

News in 60 Seconds – US Jobless Claims and Philly Fed Trigger Sell Off and Flight to Safety

Biggest % gainers: USD/CAD UP 0.97%, CHF/JPY UP 0.89%, EUR/NZD up 0.74% - Dollar and Swiss Safe Haven flows, Stronger Swiss export data

Biggest % losers: NZD/JPY DOWN 1.09%, CAD/JPY DOWN 1.04%, GBP/CHF Down 1.00%, USD/CHF Down 0.99% - Yen and Swiss safe-haven/risk aversion flows

INDEX VALUE CHANGE % CHANGE TIME
DOW JONES INDUS. AVG
10,249.57 -165.97 -1.59% 12:23
S&P 500 INDEX
1,074.48 -19.68 -1.80% 12:23
NASDAQ COMPOSITE INDEX
2,177.09 -38.61 -1.74% 12:23
S&P/TSX COMPOSITE INDEX
11,700.16 -80.92 -0.69% 12:23
MEXICO IPC INDEX
32,039.82 -368.48 -1.14% 12:03
BRAZIL BOVESPA INDEX
67,033.88 -604.50 -0.89% 12:24

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Gold $1,233.40
Oil $74.11

NZD Producer Prices- Inputs (QoQ) (2Q) which came at 1.4% which was higher than previous number of 1.3%

NZD Producer Prices- Outputs (QoQ) (2Q) which came at 1.1% which was less than the than previous number of 1.8%

EUR German Producer Prices (MoM) (JUL) which came in at 0.5% better than forecasted number of 0.1% but less than the previous number of 0.6%

EUR German Producer Prices (YoY) (JUL) which came in at 3.7% better than forecasted number of 3.3% and greater than the previous number of 1.7%

CHF Exports (MoM) (JUL) which came at 1.9% which was higher than previous number of -5.5%

CHF Trade Balance (Swiss franc) (JUL) which came at 2.89B % that was higher than the forecasted number of 1.82B and higher than the 1.77B previous number

GBP Retail Sales Ex Auto Fuel (MoM) (JUL) came in at 0.9% that was better than the forecasted 0.2% and higher than the 1.1% posted previously

GBP Retail Sales Ex Auto Fuel (MoM) (JUL) which came in at 2.4% better than forecasted number of 1.8% but less than the previous number of 3.0%

USD Initial Jobless Claims (AUG 14) came in at 500K which was higher than the forecasted number of 478K and greater than the previous number
USD Philadelphia Fed. (AUG) came in at -7.7 which was much worse than the forecasted number of +7.0 and much worse than the previous number of 5.1





**** The Look Ahead****

NZD Credit Card Spending (YoY) (JUL) at 11:00pm ET, JPY Convenience Store Sales (YoY) (JUL) 3:00 AM ET August 20th, CAD Consumer Price Index