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Federal Reserve Meeting

Discussion in 'Forex Daily News & Outlook' started by MTnews, Sep 22, 2010.

  1. MTnews

    MTnews Content Contributor

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    Daily Market Commentary for September 22, 2010

    Federal Reserve Meeting

    Bond prices rose as investors strayed from the dollar following the announcement yesterday from the Federal Reserve meeting. (Read more at Millennium-Traders.Com)

    Economic data released today:

    MBA Mortgage Applications:
    U.S. MBA Market Index fell 1.4% at 790.6; Last Week 801.5; U.S. MBA Purchase Index fell 3.3% at 177.6; Last Week 183.7; U.S. MBA Refinance Index fell 0.9% at 4,357.4; Last Week 4,396.1.

    Crude Oil Inventories released by DOE:
    U.S. Refineries Ran at 87.8% capacity; was Seen at 87.00% capacity; U.S. Refineries Ran at 87.8% capacity versus 87.6% capacity a Week Ago; U.S. Distillate Stockpiles rose 0.347 Million Barrels in Week; was Seen decreasing by 0.2 Million Barrels; U.S. Distillate Stockpiles rose 0.347 Million Barrels at 174.854 Million Barrels; U.S. Gasoline Stockpiles rose 1.59 Million Barrels in Week; was Seen decreasing by 0.4 Million Barrels; U.S. Gasoline Stockpiles rose 1.59 Million Barrels at 226.058 Million Barrels; U.S. Crude Oil Stockpiles rose 0.97 Million Barrels in Week; was Seen decreasing by 1.7 Million Barrels; U.S. Crude Oil Stockpiles rose 0.97 Million Barrels at 358.335 Million Barrels.

    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 17.10 points, EOD 10,743.93
    NYSE (New York Stock Exchange) shed 35.12, EOD 7,210.83
    National Association of Securities Dealers Automated Quotations (NASDAQ) shed 15.22 points, EOD 2,334.13
    S&P 500 (SPX) shed 5.3 points, EOD 1,134.48
    BEL 20 (BEL20) shed 29.17 points, EOD 2,575.16
    CAC 40 (CAC40) shed 49.35 points, EOD 3,735.05
    FTSE100 (UKX100) shed 24.28 points, EOD 5,551.91
    NIKKEI 225 (NIK/O) shed 35.79 points, EOD 9,566.32

    New York Stock Exchange (NYSE) stock market indicators for the trading session today:
    Advanced stock prices 1,145, declined stock prices 1,912, unchanged stock prices 89, stock prices hitting new highs 141 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: CLF gain 1.62, HOD 63.20, LOD 61.01, EOD 62.25; MA gain 2.04, HOD 219.89, LOD 214.12, EOD 219.03; AZO gain 5.08, HOD 223.25, LOD N/A, EOD 222.10; CME shed 2.60, HOD 271.17, LOD 266.30, EOD 266.34; CRM shed 2.70, HOD 121.45, LOD 118.00, EOD 118.69; JEF shed 1.23, HOD 23.50, LOD 22.47, EOD 23.02.

    National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
    Advanced stock prices 877, declined stock prices 1,769, unchanged stock prices 128, stock prices hitting new highs 75 and stock prices hitting new lows 29. 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: ADBE shed 6.27, HOD 26.85, LOD 25.81, EOD 26.67; AAPL gain 3.98, HOD 287.98, LOD 282.41, EOD 287.75; NFLX gain 9.73, HOD 156.97, LOD 149.30, EOD 156.93; STRA gain 1.91, HOD 160.89, LOD 149.00, EOD 160.36; PMCS shed 0.47, HOD 7.57, LOD 7.07, EOD 7.32.

    Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
    Advanced stock prices 236, declined stock prices 225, unchanged stock prices 45, stock prices hitting new highs 13 and stock prices hitting new lows 2.

    Chicago Board of Trade Futures Market for the day, at time of this posting:
    E-mini S&P 500 (ES) Mar 10: EOD 1130.00; Change -4.75
    E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,80.75; Change -4.75
    E-mini DOW $5 (YM) Mar 10: EOD 10,671; Change -23
    Nikkei 225 (Yen) Mar 10: EOD 9,430; Change -95

    World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
    Euro 0.7465 to U.S. Dollars 1.3400
    Japanese Yen 84.5250 to U.S. Dollars 0.0118
    British Pound 0.6381 to U.S. Dollars 1.5700
    Canadian Dollar 1.0306 to U.S. Dollars 0.9711
    Swiss Franc 0.9860 to U.S. Dollars 1.01

    COMMODITY MARKETS:
    Energy Sector - Nymex:
    Light Crude (October 10) shed $0.26, EOD $74.71 per barrel ($US per barrel)
    Heating Oil (October 10) shed $0.01, EOD $2.11 a gallon ($US per gallon)
    Natural Gas (October 10) gain $0.04, EOD $3.97 per million BTU ($US per mmbtu.)
    Unleaded Gas (October 10) shed $0.01 EOD $1.90 gallon ($US per gallon)

    Metals Markets - Comex:
    Gold (September 10) gain $17.80, EOD $1,290.2 ($US per Troy ounce)
    Silver (September 10) gain $0.41, EOD $21.04 ($US per Troy ounce)
    Platinum (September 10) gain $20.50, EOD $1,632.90 ($US per Troy ounce)
    Copper (September 10) gain $0.08, EOD $3.56 ($US per pound)

    Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
    Lean Hogs (October 10) shed $0.55, EOD $78.75
    Pork Bellies (February 10) unchanged, EOD $108.50
    Live Cattle (October 10) shed $1.35, EOD $96.15
    Feeder Cattle (September 10) shed $1.25, EOD $109.25

    Other Commodities - Chicago Board of Trade (cents per bushel):
    Corn (December 10) shed $0.25, EOD $505.00
    Soybeans (November 10) gain $8.50, EOD $1,088.50

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

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