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Gas

Discussion in 'Forex Daily News & Outlook' started by MTnews, Jan 8, 2010.

  1. MTnews

    MTnews Content Contributor

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    Daily Market Commentary for January 8, 2010

    Gas

    Gas prices are on the rise again, prices rose to 15 month highs and the national average rose to $2.70 today. (Read more at http://www.millennium-traders.com/news/marketcommentaryjanuary810.aspx)

    Economic data released today:

    Nonfarm Payrolls:
    U.S. December Nonfarm Payrolls fell 85K; compared to consensus of a decrease by 10K; U.S. November Payrolls Revised to rise 4K from a decrease by 11K.

    Unemployment Rate:
    U.S. December Unemployment Rate 10.0%; compared to consensus of 10.1%; U.S. November Unemployment Left Unrevised at 10.0%.

    Average Hourly Earnings:
    U.S. December Average Hourly Earnings rose $0.03 to $18.80.

    Average Weekly Hours:
    U.S. December Overall Workweek 0 Hour to 33.2 Hours; U.S. December Manufacturing Payrolls fell 27K; Service-Producing fell 4K.

    Wholesale Inventories:
    U.S. November Wholesale Inventories rose 1.5%; Expected to fall 0.3%; November Wholesale Inventories Make Biggest Climb in Five Years; November Wholesale Sales rose 3.3%; November Inventory-To-Sales Ratio 1.14; Lowest in 16 Months.

    Consumer Credit:
    U.S. November Consumer Credit Decreased $17.5B; Drop of $17.5B is Largest on Record; October Consumer Credit Revised to down $4.2B from down $3.5B; November Revolving Credit Dropped 18.5%; Most Since 1974.

    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 7.71 points, EOD 10,614.57
    NYSE (New York Stock Exchange) gain 31.27, EOD 7,425.20
    National Association of Securities Dealers Automated Quotations (NASDAQ) gain 17.12 points, EOD 2,317.17
    S&P 500 (SPX) gain 3.26 points, EOD 1,144.95
    BEL 20 (BEL20) gain 0.96 points, EOD 2,591.64
    CAC 40 (CAC40) gain 20.34 points, EOD 4,045.14
    FTSE100 (UKX100) gain 7.52 points, EOD 5,534.24
    NIKKEI 225 (NIK/O) gain 29.29 points, EOD 10,796.64

    New York Stock Exchange (NYSE) stock market indicators for the trading session today:
    Advanced stock prices 1,853 declined stock prices 1,215, unchanged stock prices 115, stock prices hitting new highs 379 and stock prices hitting new lows 9. 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: FAS shed 1.07, HOD 85.97, LOD 82.95, EOD 84.99; UPS gain 2.76, HOD 61.13, LOD 59.52, EOD 60.17; CMG gain 5.46, HOD 92.73, LOD 90.00, EOD 91.89; CME gain 9.09, HOD 350.05, LOD 337.70, EOD 349.32; POT shed 0.34, HOD 126.34, LOD 123.37, EOD 124.43.

    National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
    Advanced stock prices 1,696, declined stock prices 1,001, unchanged stock prices 137, stock prices hitting new highs 179 and stock prices hitting new lows 10. 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: AAPL gain 1.40, HOD 212.00, LOD 209.06, EOD 211.98; FSLR shed 0.08, HOD 141.50, LOD 137.01, EOD 139.68; BIDU shed 0.36, HOD 408.00, LOD 396.00, EOD 404.27; APOL shed 3.44, HOD 61.21, LOD 58.38, EOD 60.50; LWSN shed 0.60, HOD 6.58, LOD 6.15, EOD 6.39; WYNN shed 0.49, HOD 68.39, LOD 67.13, EOD 67.90; PCLN gain 0.08, HOD 218.43, LOD 212.13, EOD 216.21; SCHN gain 3.26, HOD 56.95, LOD 54.37, EOD 55.95; DRWI gain 1.38, HOD 13.87, LOD 12.81, EOD 13.53.

    Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
    Advanced stock prices 293, declined stock prices 219, unchanged stock prices 42, stock prices hitting new highs 25 and stock prices hitting new lows 1.

    Chicago Board of Trade Futures Market for the day, at time of this posting:
    E-mini S&P 500 (ES) Mar 10: EOD 1141.00; Change 3.50
    E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,891.25; Change 13.75
    E-mini DOW $5 (YM) Mar 10: EOD 10,561; Change 16
    E-mini S&P MidCap 400 (MF) Mar 10: EOD 750.50; Change 4.20
    Nikkei 225 (Yen) Mar 10: EOD 10,835; Change 90

    World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
    Euro 0.6938 U.S. Dollars 1.4414
    Japanese Yen 92.6300 to U.S. Dollars 0.0108
    British Pound 0.6240 to U.S. Dollars 1.6027
    Canadian Dollar 1.0305 to U.S. Dollars 0.9704
    Swiss Franc 1.0232 to U.S. Dollars 0.9773

    COMMODITY MARKETS:
    Energy Sector - Nymex:
    Light Crude (January 10) gain $0.09, EOD $82.75 per barrel ($US per barrel)
    Heating Oil (February 10) gain $0.02, EOD $2.20 a gallon ($US per gallon)
    Natural Gas (March 10) shed $0.04, EOD $5.71 per million BTU ($US per mmbtu.)
    Unleaded Gas (January 10) gain $0.02, EOD $2.16 a gallon ($US per gallon)

    Metals Markets - Comex:
    Gold (February 10) gain $5.50, EOD $1,13920 ($US per Troy ounce)
    Silver (March 10) gain $0.12, EOD $18.46 ($US per Troy ounce)
    Platinum (April 10) gain $22.10, EOD $1,581.50 ($US per Troy ounce)
    Copper (March 10) shed $0.03, EOD $3.40 ($US per pound)

    Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
    Lean Hogs (February 10) gain $0.15, EOD $67.25
    Pork Bellies (February 10) gain $0.10, EOD $87.50
    Live Cattle (February 10) shed $0.10, EOD $85.83
    Feeder Cattle (March 10) shed $0.18, EOD $96.65

    Other Commodities - Chicago Board of Trade (cents per bushel):
    Corn (march 10) gain $5.50, EOD $417.50
    Soybeans (January 10) shed $4.00, EOD $1,022.00

    BOND MARKET:
    2 year EOD 100 2/32, change 4/32, Yield 0.96, Yield change -0.06
    5 year EOD 100 3/32, change 0, Yield 2.59 Yield change 0.09
    10 year EOD 96 15/32, change 5/32, Yield 3.80 Yield change -0.02
    30 year EOD 94 28/32, change -4/32, Yield 4.69, change 0.01

    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.

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