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Ben Bernanke

Discussion in 'Forex Daily News & Outlook' started by MTnews, Oct 1, 2009.

  1. MTnews

    MTnews Content Contributor

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    Daily Market Commentary for October 1, 2009

    Ben Bernanke

    Federal Reserve Chairman Ben Bernanke endorsed President Obama's plan to overhaul the regulatory system, except for a consumer agency, Thursday on Capitol Hill. (Read more at Millennium-Traders.Com)

    Economic data released today:

    Initial Jobless Claims:
    U.S. Jobless Claims rose 17K to 551K in week of September compared to survey of an increase by 5K; U.S. Continuing Claims for week of September 19 fell 70K to 6,090,000; U.S. Jobless Claims Revised for week of September 19 to 534K from 530K.

    Core PCE Price Index:
    August PCE Core Price Index rose 0.1% rate on month; rose 1.3% on year; August PCE Price Index rose 0.3% rate on month; fell 0.5% on year.

    Personal Spending/Income:
    July Personal Income Revised to rise 0.2% from unchanged%; July Spending Revised to rise 0.3% from a rise by 0.2%; U.S. Personal Income rose 0.2% in August; compared to consensus of an increase by 0.1%; U.S. Personal Spending rose 1.3% in August; compared to consensus of an increase by 1.1%.

    ISM [Institute for Supply Management] Manufacturing Index:
    U.S. ISM September Manufacturing PMI 52.6 versus August 52.9; U.S. ISM September Manufacturing PMI Expected 54.0; U.S. ISM September Prices Index 63.5 versus August 65.0; U.S. ISM September Employment Index 46.2 versus August 46.4; U.S. ISM September New Orders Index 60.8 versus August 64.9; U.S. ISM September Production Index 55.7 versus August 61.9; U.S. ISM Sep Inventories Index 42.5 versus August 34.4.

    Pending Home Sales from NAR [National Association for Realtors]:
    U.S. Pending Home Sales Index rose 6.4% to 103.8 in August; U.S. August Pending Home Sales rose 12.4% from August 2008; August Pending Home Sales post seventh-straight rise.

    Construction Spending:
    U.S. Construction Spending rose 0.8% in August compared to consensus Unchanged%; July Construction Spending Revised to fall 1.1% from a decrease by 0.2%.

    At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:
    DOW (Dow Jones Industrial Average) shed 205.42 points, EOD 9,506.86
    NYSE (New York Stock Exchange) shed 193.98, EOD 6,716.90
    National Association of Securities Dealers Automated Quotations (NASDAQ) shed 64.16 points, EOD 2,058.26
    S&P 500 (SPX) shed 27.56 points, EOD 1,029.52
    BEL 20 (BEL20) shed 34.25 points, EOD 2,451.37
    CAC 40 (CAC40) shed 74.64 points, EOD 3,720.77
    FTSE100 (UKX100) shed 86.09 points, EOD 5,047.81
    NIKKEI 225 (NIK/O) shed 154.59, EOD 9,978.64

    New York Stock Exchange (NYSE) stock market indicators for the trading session today:
    Advanced stock prices 517 declined stock prices 2,595, unchanged stock prices 65, stock prices hitting new highs 127 and stock prices hitting new lows 8. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: ETP shed 1.26, HOD 41.36, LOD 40.77, EOD 41.29; FAS shed 9.52, HOD 81.74, LOD 72.50, EOD 72.60; RTP shed 6.81, HOD 168.46, LOD 163.00, EOD 163.48; ICE shed 3.35, HOD 97.45, LOD 92.01, EOD 93.84; FMX gain 6.35, HOD 45.73, LOD 36.76, EOD 44.40; PAG shed 3.06, HOD 17.50, LOD 15.95, EOD 16.12.

    National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
    Advanced stock prices 481, declined stock prices 2,240, unchanged stock prices 106, stock prices hitting new highs 45 and stock prices hitting new lows 14. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: RVSN shed 2.91, HOD 6.65, LOD 5.61, EOD 5.95; WYNN shed 5.29, HOD 70.46, LOD 65.25, EOD 65.60; FSLR shed 9.10, HOD 150.35, LOD 143.47, EOD 143.76; XRTX gain 1.80, HOD 11.48, LOD 9.85, EOD 11.31; BIDU shed 19.03, HOD 392.94, LOD 371.49, EOD 372.02; VRTX shed 3.69, HOD 37.06, LOD 34.21, EOD 34.21; TLCR gain 2.15, HOD 22.15, LOD 18.01, EOD 21.15; LWSN gain 0.0099, HOD 6.89, LOD 6.23, EOD 6.24; APOL shed 1.30, HOD 74.60, LOD 71.98, EOD 72.37.

    Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
    Advanced stock prices 145, declined stock prices 390, unchanged stock prices 46, stock prices hitting new highs 27 and stock prices hitting new lows 3.

    Chicago Board of Trade Futures Market for the day, at time of this posting:
    E-mini S&P 500 (ES) Sept 09: EOD 1029.50; Change -23.50
    E-mini NASDAQ-100 (NQ) Sept 09: EOD 1,672.25; Change -45.25
    E-mini DOW $5 (YM) Sept 09: EOD 9,485; Change -168
    E-mini S&P MidCap 400 (MF) Sept 09: EOD 670.00; Change -19.20
    Nikkei 225 (Yen) Sept 09: EOD 9,825; Change -190

    World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
    Euro 0.6887 U.S. Dollars 1.4520
    Japanese Yen 89.7700 to U.S. Dollars 0.0111
    British Pound 0.6275 to U.S. Dollars 1.5937
    Canadian Dollar 1.0843 to U.S. Dollars 0.9223
    Swiss Franc 1.0417 to U.S. Dollars 0.9600

    COMMODITY MARKETS:
    Energy Sector - Nymex:
    Light Crude (November 09) gain $0.21, EOD $70.82 per barrel ($US per barrel)
    Heating Oil (November 09) shed $0.01, EOD $1.83 a gallon ($US per gallon)
    Natural Gas (November 09) shed $0.38, EOD $4.47 per million BTU ($US per mmbtu.)
    Unleaded Gas (November 09) gain $0.01, EOD $1.76 a gallon ($US per gallon)

    Metals Markets - Comex:
    Gold (December 09) shed $8.60, EOD $1,000.70 ($US per Troy ounce)
    Silver (December 09) shed $0.22, EOD $16.44 ($US per Troy ounce)
    Platinum (January 09) shed $13.60, EOD $1,289.30 ($US per Troy ounce)
    Copper (December 09) shed $0.08, EOD $2.74 ($US per pound)

    Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
    Lean Hogs (December 09) shed $0.98, EOD $48.63
    Pork Bellies (February 10) shed $0.45, EOD $81.25
    Live Cattle (December 09) shed $1.15, EOD $84.98
    Feeder Cattle (November 09) shed $1.70, EOD $94.93

    Other Commodities - Chicago Board of Trade (cents per bushel):
    Corn (December 09) shed $3.50, EOD $340.50
    Soybeans (November 09) shed $9.00, EOD $918.00

    BOND MARKET:
    2 year EOD 100 7/32, change 4/32, Yield 0.87, Yield change -0.08
    5 year EOD 100 27/32, change 18/32, Yield 2.19, Yield change -0.12
    10 year EOD 103 20/32, change 31/32, Yield 3.19, Yield change -0.11
    30 year EOD 109 11/32, change 1 21/32, Yield 3.96, change -0.09

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