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December

Discussion in 'Forex Daily News & Outlook' started by MTnews, Dec 23, 2010.

  1. MTnews

    MTnews Content Contributor

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    Daily Market Commentary for December 23, 2010

    December

    As major indexes reached their highest levels in two years, stocks are on pace to have the best monthly performance in over a decade this December. (Read more at Millennium-Traders.Com)

    Economic data released today:

    Durable Goods Orders (MoM):
    October Durable Goods Excluding-Transportation Revised to -1.9% from -2.7%; October Durable Goods Orders Revised to -3.1% from -3.4%; November Durable Goods Orders, Excluding-Defense, fell 2.3%; November Durable Goods Orders, Excluding-Transportation, rose 2.4%; U.S. November Durable Goods Orders fell 1.3%; Compared to Consensus of a decrease by 0.6%.

    Initial Jobless Claims:
    U.S. December 11 Week Jobless Claims Revised to 423K from 420K; U.S. December 11 Week Continuing Claims fell 103K to 4,064,000; U.S. Jobless Claims fell 3K to 420K in December 18 Week; Compared to Survey of a decrease by 2K.

    Core PCE Price Index (MoM):
    November PCE Price Index rose 0.1% Rate on Month; rose 1.0% on Year; November PCE Core Price Index rose 0.1% Rate on Month; rose 0.8% on Year.

    Personal Spending/Income (MoM):
    October Spending Revised to rise 0.7% from +0.4%; October Personal Income Revised to rise 0.4% from +0.5%; U.S. Personal Spending rise 0.4% in November; Compared to Consensus of an increase by 0.5%; U.S. Personal Income rise 0.3% in November; Compared to Consensus of an increase by 0.2%.

    Michigan Consumer Sentiment Index:
    University of Michigan 5-Year Inflation Forecast rose 2.8%; University of Michigan 12-Month Inflation Forecast rose 3.0%; University of Michigan End-December Current Index 85.3; University of Michigan End- December Sentiment 74.5.

    Michigan Inflation Expectations:
    University of Michigan End- December Expectations 67.5.

    New Home Sales:
    U.S. October New Home Sales Revised to 275K from 283K; U.S. November New Home Sales rose 5.5% to 290K; Compared to Consensus 300K.

    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) gain 5.72 points, EOD 11,565.21
    NYSE (New York Stock Exchange) shed 7.79, EOD 7,923.97
    National Association of Securities Dealers Automated Quotations (NASDAQ) shed 6.81 points, EOD 2,664.67
    S&P 500 (SPX) shed 2.46 points, EOD 1,256.38
    BEL 20 (BEL20) gain 4.46 points, EOD 2,635.89
    CAC 40 (CAC40) shed 8.39 points, EOD 3,911.32
    FTSE100 (UKX100) gain 12.58 points, EOD 5,996.07
    NIKKEI 225 (NIK/O) unchanged, EOD 10,346.48

    New York Stock Exchange (NYSE) stock market indicators for the trading session today:
    Advanced stock prices 1,475, declined stock prices 1,572, unchanged stock prices 110, stock prices hitting new highs 149 and stock prices hitting new lows 15. 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: CRM shed 0.33, HOD 135.89, LOD 133.12, EOD 135.22; CF gain 5.47, HOD 135.73, LOD 128.05, EOD 134.15; AGQ gain 0.07, HOD 144.10, LOD 139.47, EOD 142.87.

    National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
    Advanced stock prices 1,194, declined stock prices 1,497, unchanged stock prices 122, stock prices hitting new highs 126 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: ITMN gain 0.72, HOD 38.20, LOD 36.60, EOD 37.00; BBBY gain 2.51, HOD 50.95, LOD 49.88, EOD 50.19; SNIC gain 3.11, HOD 14.40, LOD 13.95, EOD 14.28; NFLX shed 1.15, HOD 185.39, LOD 181.55, EOD 184.21; BIDU shed 0.35, HOD 100.46, LOD 99.25, EOD 100.18.

    Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
    Advanced stock prices 241, declined stock prices 230, unchanged stock prices 45, stock prices hitting new highs 17 and stock prices hitting new lows 9.

    Chicago Board of Trade Futures Market for the day, at time of this posting:
    E-mini S&P 500 (ES) Mar 10: EOD 1251.25; Change -3.25
    E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,228.25; Change -7.75
    E-mini DOW $5 (YM) Mar 10: EOD 11,503; Change 8
    Nikkei 225 (Yen) Mar 10: EOD 10,270; Change -65

    World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
    Euro 0.7624 to U.S. Dollars 1.3100
    Japanese Yen 82.9050 to U.S. Dollars 0.0121
    British Pound 0.6483 to U.S. Dollars 1.54
    Canadian Dollar 1.0090 to U.S. Dollars 0.9912
    Swiss Franc 0.9588 to U.S. Dollars 1.04

    COMMODITY MARKETS:
    Energy Sector - Nymex:
    Light Crude (February 11) gain $1.03, EOD $91.51 per barrel ($US per barrel)
    Heating Oil (February 11) gain $0.01, EOD $2.55 a gallon ($US per gallon)
    Natural Gas (January 11) gain $0.00, EOD $4.10 per million BTU ($US per mmbtu.)
    Unleaded Gas (February 11) gain $0.01, EOD $2.43 gallon ($US per gallon)

    Metals Markets - Comex:
    Gold (February 11) shed $6.90, EOD $1,380.50 ($US per Troy ounce)
    Silver (March 11) shed $0.05, EOD $29.33 ($US per Troy ounce)
    Platinum (January 11) shed $7.80, EOD $1,723.10 ($US per Troy ounce)
    Copper (March 11) shed $0.01, EOD $4.26 ($US per pound)

    Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
    Lean Hogs (February 11) shed $0.22, EOD $78.65
    Pork Bellies (February 11) unchanged, EOD $106.00
    Live Cattle (February 11) gain $0.05, EOD $107.60
    Feeder Cattle (March 11) gain $0.05, EOD $123.68

    Other Commodities - Chicago Board of Trade (cents per bushel):
    Corn (March 11) gain $5.00, EOD $614.00
    Soybeans (March 11) gain $20.25, EOD $1,360.00

    Access upcoming scheduled economic data anytime by viewing the Economic Calendar from Millennium-Traders, free access to visitors on our website.

    Visitors may subscribe to our free Weekly Market News for a review of the previous weeks trading news plus, view upcoming economic data scheduled for the week ahead.

    Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading service. Traders should review our FREE Monthly Trading Lesson posted on our website.

    Thanks for reading
    Millennium-Traders.Com
     
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