Thanksgiving Forex Trading
Thanksgiving Forex Trading
Federal Reserve
Daily Market Commentary 25 November 2008 from Millennium-Traders.Com
In an effort to try to ease restrictions credit lenders instead of the Federal Reserve introduced its new term of the loan asset-backed securities Facility (TALF), providing up to $ 200 billion to institutions participating in the issue of consumer and small business debt, like credit card loans, debt and auto loans. (read more)
http://www.millennium-traders.com/news/newscommentary.aspx
Economic data released today:
GDP:
U.S. 3Q GDP revised down 0.5 percentage rate of a drop of 0.3 percent;
U.S. 3Q GDP Consensus fell by 0.6 percentage; 3T Real Final Sales revised to a drop of 1.4 percent rate of decline of 0.8 percent; 3T revised PCE price index to increase by 5.2 by a percentage rate increase of 5.4 percent; 3T revised Purchasing Price Index increased by 4.7 of a percentage rate increase from 4.8 percent; 3T Chain weighted price index unchanged at an increase of 4.2 percent.
Corporate profits:
3Q Earnings of companies fell 3.0 percentage compared with a fall of 0.4 percentage 2Q.
Redbook: Redbook:
U.S. Retail sales fell 1.3 percent during the first three weeks in November from October, according to Redbook Research latest indicator of national retail sales. The fall in the index was compared with a fall 0.7 percentage point specific. The Johnson Redbook Index also showed seasonally adjusted sales in the period decreased 1.1 percent compared with November 2007, on a drop target by 0.5 percent. Redbook said on an unadjusted basis, sales in the week ended Nov. 22 was one 1.4 percent in the same week in 2007. The yield was mainly due to weak results delivered by the stores that are on the calendars of the comparison Week on week last year, Thanksgiving, said Redbook. "Discrepancies like these are expected to result in a weak noviembre," he added Redbook "and have led retailers to recommend the combined sales for November and December, in terms of assessment of the holiday season." instead of buyers out of purchases and waited for the next Black Friday and Cyber Monday promotions depth, Redbook said.
Consumer Confidence:
U.S. Conference Board's expectations index was 46.7 in November compared to 35.7 reading in October; U.S. November Conference Board's Present Situation Index was 42.2 compared October reading of 43.5; U.S. November Conference Board Consumer Confidence was 44.9 versus the 38.8 reading in October.
At the close of the session in the New York Stock Exchange New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the session trading on world markets and emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) gain of 36.47 points to end the trading session at 8479.86
NYSE (New York Stock Exchange) gain of 61.57 points to end the session negotiating 5375.33
National Association of Securities Dealers Automated Quotations (NASDAQ) loss of 7.29 points to end the trading session in 1464.73
S & P 500 (SPX) gain of 5.59 points to close the trading session at 857.40
FTSE All-index data excluding U.S. (AW01UK) gain of 2.22 points to close the trading session at 139.65
FTSE RAFI 1000 gain of 52.62 points to end the trading session in 3269.77
BEL 20 (BEL20) gain of 20.71 points to end the trading session at 1848.89
CAC 40 (CAC 40) gain of 37.45 points to finish the negotiating session in 3209.56
FTSE100 (UKX100) gain of 18.29 points to end the trading session at 4171.25
NIKKEI 225 (NIK E / S) – closed November 25
New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Share prices Advanced 2093, was reduced 1094 stock prices, stock prices unchanged 72; stock prices hitting new highs 4 and stock prices hitting new lows 87. NYSE quotes for volatile stocks and market trends as well as stock quotes, stock prices and stock symbols of the day Stock Picks trading on the NYSE New York Stock Exchange for the trading day online and active trading day for those who are or wish to be Day Trading livelihood: Analog Devices Incorporated (NYSE: ADI) stock price shed 1.22 points on the trading session, high on the trading session 19.80 dollars under the trading session $ 16.31 with a closing price at $ 16.95, Royal Bank of Canada (NYSE: RY) stock price shed 0.33 points on the trading session, high on the trading session $ 32.78, low on the trading session $ 30.22 with a closing price at $ 31.83; Direxion Bear 3X Financial (NYSE: FAZ) stock price shed 12.25 points on the trading session, high on the trading session $ 80.83, low on the trading session $ 66.05 with a closing price at $ 70.75; Billton Limited (NYSE: BHP) stock price gained 4.85 points on the trading session, high on the trading period of $ 39.92, low on the trading session $ 36.55 with a price $ 38.27 at closing.
The National Association of Securities Dealers Automated Quotes (NASDAQ) stock market indicators of the trading session Today:
Advanced stock prices 1557, stock prices fell 1311, stock prices unchanged 116; stock prices hitting new highs 6 and stock prices hitting new lows 179. Quotes Nasdaq, volatile stocks and market trends as well as stock quotes, stock prices and the ticker symbols of the trading day Stock Picks in the NASDAQ stock market for online trading day and day of active trading for those who are or wish to be Day Trading for a living: Citi Trends Incorporated (NYSE: CTRN) stock price gained 2.66 points on the trading session on the top of the trading session $ 11.75, low on the trading session with a $ 9.36 share price closing at $ 11.29, InterDigital Incorporated (NYSE: IDCC) stock price shed 0.15 points on the trading session, high on the trading session $ 28.98, low in the trading session $ 24.76 with a stock price closing at $ 25.53; Intuitive Surgical Incorporated (NYSE: ISRG) stock price shed 1.48 points on the trading session, high on the trading session $ 128.00, low on the trading session $ 118.85 with a closing price at $ 123.46; Baidu.com Incorporated (NYSE: BIDU) stock price gained 8.61 points on the trading session, high on the meeting stock $ 128.30, low on the trading session $ 117.01 with a closing price at $ 123.74, Google Incorporated (NYSE: GOOG) price of the shares gained 24.56 points on the trading session, high on the trading session $ 286.66, low on the trading session $ 267.32 with a share price closing at $ 282.00.
Market trends on the American Stock Exchange (AMEX) and stock market indicators of the session stock today:
Advanced stock prices 305 declined stock prices 310; stock prices unchanged 73; stock prices hitting new highs 2 and stock prices hitting lows again 32.
Chicago Board of Trade activity Futures market for the day, at the time of this posting for December 2008 Contracts:
n / a for the day
World Currencies for the Forex Market, Forex Trading for active Forex traders, at the time of this posting:
Euro 0.7655 to 1.3064 U.S. dollars
Japanese Yen 95.430 to 0.0105 U.S. dollars
British Pound 0.6452 to 1.550 U.S. $
Dollar 1.2238 to 0.8171 Canadian dollars from U.S.
Swiss franc from 1.1839 to 0.8447 U.S. dollars
COMMODITY MARKETS:
Energy Sector – Nymex:
Light crude (January 09) shed $ 4.57 in the period of trading for a closing price of $ 50.77 per barrel (U.S. $ per barrel)
Heating oil (January 09) shed $ 0.09 on a trading session closing price of $ 1.71 per gallon (U.S. $ per gallon)
Natural Gas (09 January) shed $ 0.43 on a trading session closing price of $ 6.39 per million BTU (U.S. $ per MMBtu.)
Unleaded gasoline (December 08) shed $ 0.05 in the period of trading for a closing price of $ 1.09 per gallon ($ U.S. per gallon)
Metals markets – COMEX:
Golden (09 February) gained $ 0.10 in the period of trading for a closing price of 820.50 dollars (U.S. $ per troy ounce)
Silver (09 March) shed $ 0.07 on a trading session closing price of $ 10.31 (U.S. $ per troy ounce)
Platinum (09 January) gained $ 5.20 in the period of trading for a closing price of 871.60 dollars (U.S. $ per troy ounce)
Copper (March 09) shed $ 0.02 on a trading session closing price of $ 1.65 (U.S. $ per pound)
Livestock and meat markets – Chicago Mercantile Exchange (cents per pound):
Lean Hogs (October 09) shed 0.10 on the contribution period for a closing price of 64.65
Bacon pork (February 09) shed 0.05 in one trading session closing price of 92.05
Livestock (February 09) shed 0.28 on the trading session of a closing price of 87.33
Fattening cattle (09 January) no change in the trading session closing price of 91.40
Other Commodities – Chicago Board of Trade (cents per bushel):
Corn (09 March) shed 0.50 on the session to negotiate a closing price of 370.00
Soy (09 January) shed 1.00 on the contribution period for a closing price of 883.00
Bond market:
2 Bond closing price of the year 100 6 / 32, 8 / 32, Yields 1.15, the change in performance -0.05
5 closing year bond price of 103 15/32, 29 / 32, Yields 2.00, the change in performance -0.19
Bond 10 years closing price 105 22/32, + 2 4 / 32, Yields 3.08, the change in performance -0.24
30 Bond closing prices for the year 116 9 / 32, 3 19/32, yield 3.59, Yield Change -0.19
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