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Housing Market News

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

  1. MTnews

    MTnews Content Contributor

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    Daily Market Commentary for June 23, 2010

    Housing Market News

    Today's housing market news was not quite what analysts' were looking for. (Read more at Millennium-Traders.Com)

    Economic data released today:

    MBA Mortgage Applications:
    U.S. Mortgage Application Volume Dropped 5.9% Last Week.

    New Home Sales:
    U.S. Apr New Home Sales Revised to 446K from 504K; May Level of New Home Sales is Lowest on Record; U.S. May New Home Sales fell 32.7% to 300K; Compared to Consensus of 400K.

    Crude Oil Inventories:
    DOE: U.S. Crude Oil Stocks rose 2.017 million barrels at 365.122 million barrels; U.S. Crude Oil Stocks rose 2.017 million barrels in Week; Was Seen decreasing by 1 million barrels; U.S. Gasoline Stocks fell 0.762 million barrels at 217.578 million barrels; U.S. Gasoline Stocks fell 0.762 million barrels in Week; Was Seen increasing by 0.3 million barrels; U.S. Distillate Stocks rose 0.297 million barrels at 156.919 million barrels; U.S. Distillate Stocks rose 0.297 million barrels in Week; Was Seen increasing by 1.2 million barrels; U.S. Refineries Ran at 89.4%; Was Seen at 88.10%; U.S. Refineries Ran at 89.4% versus 87.9% Week Ago.

    FOMC Interest Rate Decision:
    Fed keeps Fed funds range unchanged at 0.0% to 0.25%; Fed discount rate unchanged- percent to 0.75%; Voted 9-1 for Fed funds rate action; Hoenig dissents; Fed Hoenig: ‘extended period' phrase limits policy flexibility; Business spending up, but firms still reluctant to hire; Household spending increasing but remains constrained; Financial conditions abroad less supportive of growth; Inflation to remain subdued for some time; Underlying inflation trending down, with energy prices; Labor market improving gradually, but unemployment high; Economic recovery proceeding, pace to remain moderate; Fed funds to stay exceptionally low for extended period.

    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 6.28 points, EOD 10,299.80
    NYSE (New York Stock Exchange) shed 106.06, EOD 6,972.47
    National Association of Securities Dealers Automated Quotations (NASDAQ) shed 8.98 points, EOD 2,252.82
    S&P 500 (SPX) shed 3.17 points, EOD 1,092.14
    BEL 20 (BEL20) shed 41.88 points, EOD 2,494.34
    CAC 40 (CAC40) shed 63.53 points, EOD 3,641.79
    FTSE100 (UKX100) shed 68.46 points, EOD 5,178.52
    NIKKEI 225 (NIK/O) shed 189.19 points, EOD 9,923.70

    New York Stock Exchange (NYSE) stock market indicators for the trading session today:
    Advanced stock prices 1,452, declined stock prices 1,639, unchanged stock prices 121, stock prices hitting new highs 26 and stock prices hitting new lows 39. 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: V shed 0.90, HOD 78.96, LOD 76.81, EOD 77.86; CME shed 3.13, HOD 307.89, LOD 299.40, EOD 300.94; KMX gain 1.83, HOD 22.04, LOD 21.28, EOD 21.83; RIG gain 0.23, HOD 53.75, LOD 52.29, EOD 52.72; MA shed 0.58, HOD 222.26, LOD 215.46, EOD 220.36; JBL gain 1.43, HOD 15.21, LOD 14.48, EOD 15.02; RHT gain 0.44, HOD 32.52, LOD 31.00, EOD 31.30.

    National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
    Advanced stock prices 1,207, declined stock prices 1,427, unchanged stock prices 150, stock prices hitting new highs 7 and stock prices hitting new lows 65. 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: FSLR gain 0.80, HOD 121.90, LOD 116.75, EOD 120.64; ISRG shed 7.00, HOD 344.94, LOD 336.00, EOD 338.09; AAPL shed 3.01, HOD 274.66, LOD 267.90, EOD 270.84; PRGS shed 1.11, HOD 31.24, LOD 28.61, EOD 30.39.

    Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
    Advanced stock prices 213, declined stock prices 264, unchanged stock prices 37, stock prices hitting new highs 4 and stock prices hitting new lows 7.

    Chicago Board of Trade Futures Market for the day, at time of this posting:
    E-mini S&P 500 (ES) Mar 10: EOD 1087.25; Change -3.25
    E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,871.00; Change -7.25
    E-mini DOW $5 (YM) Mar 10: EOD 10,236; Change 3
    E-mini S&P MidCap 400 (MF) Mar 10: EOD 748.20; Change -0.80
    Nikkei 225 (Yen) Mar 10: EOD 9,840; Change -95

    World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
    Euro 0.8116 to U.S. Dollars 1.2300
    Japanese Yen 89.8650 to U.S. Dollars 0.0111
    British Pound 0.6688 to U.S. Dollars 1.5000
    Canadian Dollar 1.0393 to U.S. Dollars 0.9639
    Swiss Franc 1.1043 to U.S. Dollars 0.9056

    COMMODITY MARKETS:
    Energy Sector - Nymex:
    Light Crude (July 10) shed $1.50, EOD $76.35 per barrel ($US per barrel)
    Heating Oil (July 10) shed $0.04, EOD $2.07 a gallon ($US per gallon)
    Natural Gas (July 10) gain $0.04, EOD $4.80 per million BTU ($US per mmbtu.)
    Unleaded Gas (July 10) shed $0.05, EOD $2.08 gallon ($US per gallon)

    Metals Markets - Comex:
    Gold (June 10) shed $5.80, EOD $1,234.10 ($US per Troy ounce)
    Silver (June 10) shed $0.44, EOD $18.45 ($US per Troy ounce)
    Platinum (June 10) shed $26.00, EOD $1,567.00 ($US per Troy ounce)
    Copper (June 10) shed $0.05, EOD $2.93 ($US per pound)

    Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
    Lean Hogs (June 10) shed $0.50, EOD $81.45
    Pork Bellies (July 10) shed $0.47, EOD $99.98
    Live Cattle (June 10) shed $0.05, EOD $90.25
    Feeder Cattle (August 10) gain $0.07, EOD $111.90

    Other Commodities - Chicago Board of Trade (cents per bushel):
    Corn (July 10) shed $5.00, EOD $346.50
    Soybeans (July 10) shed $7.50, EOD $958.00

    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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