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Jobs Lost

Discussion in 'Forex Daily News & Outlook' started by MTnews, Jan 6, 2010.

  1. MTnews

    MTnews Content Contributor

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    Daily Market Commentary for January 6, 2010

    Jobs Lost

    Payroll-processing firm Automatic Data Processing, reported today that jobs lost in December marked the fewest amount lost since March '08. (Read more at Millennium-Traders.Com)

    Economic data released today:

    U.S. MBA [Mortgage Bankers Association] Mortgage Applications:
    U.S. MBA Refinance Index fell 30.5% at 2008.9 for week ending December 25; compared to previous week 2889.9; U.S. MBA Market Index fell 22.8% at 460.1 for week ending December 25; compared to previous week 595.8; U.S. MBA Purchase Index fell 4.0% at 204.7 for week ending December 25; compared to previous week 213.3; U.S. MBA Market Index rose 0.5% at 462.2 for week ending January 1; compared to last week 460.1; U.S. MBA Purchase Index rose 3.6% at 212.1 for week ending January 1; compared to last week 204.7; U.S. MBA Refinance Index fell 1.6% at 1976.9 for week ending January 1; compared to last week 2008.9.

    ADP Nonfarm Employment Change:
    ADP Sees December U.S. Private Sector Jobs falling 84,000; ADP December U.S. Private Sector Jobs Expected to fall 90,000.

    ISM Non-Manufacturing Index:
    U.S. ISM December Non-Manufacturing PMI 50.1 versus November 48.7; U.S. ISM December Non-Manufacturing PMI Expected 50.5; U.S. ISM December Non-Manufacturing Business Index 53.7 versus November 49.6; U.S. ISM December Non-Manufacturing Employment Index 44.0 versus November 41.6; U.S. ISM December Non-Manufacturing Prices Index 58.7 versus November 57.8; U.S. ISM December Non-Manufacturing New Orders Index 52.1 versus November 55.1.

    Crude Oil Inventories released by DOE [Department of Energy]:
    U.S. Crude Oil Stockpiles rose 1.329 Million Barrels at 327.337 Million Barrels; U.S. Crude Oil Stockpiles rose 1.329 Million Barrels in week; was seen decreasing by 0.3 Million Barrels; U.S. Gasoline Stockpiles rose 3.737 Million Barrels at 219.701 Million Barrels; U.S. Gasoline Stockpiles rose 3.737 Million Barrels in week; was seen increasing by 0.3 Million Barrels; U.S. Distillate Stockpiles fell 0.233 Million Barrels at 159.048 Million Barrels; U.S. Distillate Stockpiles fell 0.233 Million Barrels in week; was seen decreasing by 1.8 Million Barrels; U.S. Refineries Ran at 79.86% capacity versus 80.27% week ago; U.S. Refineries Ran at 79.86% capacity; was seen at 80.50%.

    FOMC Meeting Minutes:
    Fed officials saw GDP strengthening in 4Q 2009; Fed sees slow recovery, subdued inflation in '10; some fed officials worry economy may slow when stimulus ends; financial markets more supportive of recovery; Fed officials still concerned about weak labor market; Fed officials expect high jobless rate for some time; Fed officials spar over asset purchase program; securities holdings to fall gradually after purchases end; useful to consider further steps to normalize lending programs; won't reinvest proceeds from maturing agency securities, MBS prepayments to discuss alternative approaches to longer-run monetary policy.

    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 0.15 points, EOD 10,572.17
    NYSE (New York Stock Exchange) gain 22.72, EOD 7,377.62
    National Association of Securities Dealers Automated Quotations (NASDAQ) shed 7.9 points, EOD 2,300.81
    S&P 500 (SPX) gain 0.47 points, EOD 1,136.99
    BEL 20 (BEL20) gain 8.66 points, EOD 2,596.43
    CAC 40 (CAC40) gain 4.76 points, EOD 4,017.67
    FTSE100 (UKX100) gain 7.54 points, EOD 5,530.04
    NIKKEI 225 (NIK/O) shed 25.08 points, EOD 10,707.82

    New York Stock Exchange (NYSE) stock market indicators for the trading session today:
    Advanced stock prices 1,824 declined stock prices 1,273, unchanged stock prices 96, stock prices hitting new highs 447 and stock prices hitting new lows 4. 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: ICE shed 0.19, HOD 31.08, LOD 30.52, EOD 30.77; MA shed 0.43, HOD 256.24, LOD 252.50, EOD 255.50; POT gain 4.50, HOD 123.21, LOD 118.31, EOD 122.89; CME shed 2.89, HOD 342.00, LOD 338.08, EOD 339.24; TPX gain 1.35, HOD 27.90, LOD 26.33, EOD 26.90; SNX shed 1.97, HOD 32.21, LOD 29.96, EOD 30.12; MOS gain 2.42, HOD 65.95, LOD 62.97, EOD 65.57; MON gain 1.27, HOD 86.99, LOD 82.46, EOD 86.27; VMI shed 3.40, HOD 77.844, LOD 75.37, EOD 75.69.

    National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
    Advanced stock prices 1,222, declined stock prices 1,505, unchanged stock prices 124, stock prices hitting new highs 199 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: PCLN shed 7.48, HOD 226.42, LOD 218.15, EOD 219.08; BIDU gain 6.60, HOD 420.10, LOD 409.29, EOD 412.50; SONC shed 1.34, HOD 9.34, LOD 8.90, EOD 8.91; SNDK gain 0.84, HOD 32.08, LOD 30.68, EOD 31.43; ISRG gain 4.46, HOD 312.79, LOD 305.45, EOD 311.84.

    Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
    Advanced stock prices 325, declined stock prices 209, unchanged stock prices 41, stock prices hitting new highs 37 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) Mar 10: EOD 1132.25; Change 0.00
    E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,874.00; Change -11.25
    E-mini DOW $5 (YM) Mar 10: EOD 10,510; Change -5
    E-mini S&P MidCap 400 (MF) Mar 10: EOD 741.00; Change 2.70
    Nikkei 225 (Yen) Mar 10: EOD 10,785; Change 30

    World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
    Euro 0.6939 U.S. Dollars 1.4411
    Japanese Yen 92.43700 to U.S. Dollars 0.0108
    British Pound 0.6242 to U.S. Dollars 1.6020
    Canadian Dollar 1.0323 to U.S. Dollars 0.9687
    Swiss Franc 1.0272 to U.S. Dollars 0.9735

    COMMODITY MARKETS:
    Energy Sector - Nymex:
    Light Crude (January 10) gain $1.41, EOD $83.18 per barrel ($US per barrel)
    Heating Oil (February 10) gain $0.01, EOD $2.20 a gallon ($US per gallon)
    Natural Gas (March 10) gain $0.37, EOD $6.01 per million BTU ($US per mmbtu.)
    Unleaded Gas (January 10) gain $0.01, EOD $2.14 a gallon ($US per gallon)

    Metals Markets - Comex:
    Gold (February 10) gain $18.30, EOD $1,137.00 ($US per Troy ounce)
    Silver (March 10) gain $0.38, EOD $18.18 ($US per Troy ounce)
    Platinum (April 10) gain $20.20, EOD $1,558.00 ($US per Troy ounce)
    Copper (March 10) gain $0.08, EOD $3.49 ($US per pound)

    Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
    Lean Hogs (February 10) shed $1.03, EOD $66.58
    Pork Bellies (February 10) shed $0.10, EOD $87.60
    Live Cattle (February 10) shed $0.38, EOD $85.95
    Feeder Cattle (March 10) shed $0.18, EOD $96.75

    Other Commodities - Chicago Board of Trade (cents per bushel):
    Corn (march 10) gain $3.00, EOD $421.75
    Soybeans (January 10) shed $2.00, EOD $1,059.00

    BOND MARKET:
    2 year EOD 99 31/32, change 1/32, Yield 1.00, Yield change -0.02
    5 year EOD 100 5/32, change -4/32, Yield 2.59 Yield change 0.03
    10 year EOD 96 10/32, change -18/32, Yield 3.82 Yield change 0.07
    30 year EOD 94 31/32, change -1 7/32, Yield 4.68, change 0.07

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