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President Obama

Discussion in 'Forex Daily News & Outlook' started by MTnews, Mar 25, 2009.

  1. MTnews

    MTnews Content Contributor

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    Daily Market Commentary for March 25, 2009

    Brief excerp from the speech given by President Obama last night included: "We will recover from this recession but, it will take time. (read more at Millennium-Traders.Com)

    Economic data released today:

    Durable Goods Orders:
    U.S. February Durable Goods Orders increased 3.4% compared to consensus of a drop by 2.0%; U.S. February Durable Goods Orders, Excluding-Transportation increased 3.9%; U.S. February Durable Goods Orders, Excluding-Defense increased 1.7%; U.S. January Durable Goods Orders Revised to a decrease by 7.3% from a decrease by 4.5%.

    New Home Sales:
    U.S. February New Home Sales increased 4.7% to 337K compared to consensus of 300K; U.S. January New Home Sales Revised to 322K from 309K.

    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 of 90 points to end the trading session at 7,749.97
    NYSE (New York Stock Exchange) gain of 62.67 points to end the trading session at 5,127
    National Association of Securities Dealers Automated Quotations (NASDAQ) gain of 12.43 points to end the trading session at 1,528.95
    S&P 500 (SPX) gain of 7.63 points to end the trading session at 813.88
    BEL 20 (BEL20) gain of 7.67 points to end the trading session at 1,756.96
    CAC 40 (CAC40) gain of 19.06 points to end the trading session at 2,893.45
    FTSE100 (UKX100) loss of 11.21 points to end the trading session at 3,900.25
    NIKKEI 225 (NIK/O) loss of 8.31 points to end the trading session at 8,479.99

    New York Stock Exchange (NYSE) stock market indicators for the trading session today:
    Advanced stock prices 1,913, declined stock prices 753, unchanged stock prices 530, stock prices hitting new highs 8 and stock prices hitting new lows 6. 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: Kohl's (NYSE: KSS) stock price shed 2.21 points on the trading session, high on the trading session $43.32, low on the trading session $39.79, with a closing stock price at $40.56; Deere & Company (NYSE: DE) stock price shed 0.38 points on the trading session, high on the trading session $36.08, low on the trading session $33.17, with a closing stock price at $34.58; Robbins & Myers (NYSE: RBN) stock price shed 0.46 points on the trading session, high on the trading session $16.47, low on the trading session $13.92, with a closing stock price at $14.60; Hess (NYSE: HES) stock price shed 0.67 points on the trading session, high on the trading session $64.99, low on the trading session $62.43, with a closing stock price at $64.35; Franklin Resources (NYSE: BEN) stock price gained 2.95 points on the trading session, high on the trading session $54.30, low on the trading session $50.54, with a closing stock price at $53.84; Mohawk Industries (NYSE: MHK) stock price gained 1.84 points on the trading session, high on the trading session $31.28, low on the trading session $27.18, with a closing stock price at $29.00; ProShares Ultrashort Financials (NYSE: SKF) stock price shed 6.00 points on the trading session, high on the trading session $106.61, low on the trading session $89.32, with a closing stock price at $93.15; Goldman Sachs Group (NYSE: GS) stock price gained 2.35 points on the trading session, high on the trading session $113.91, low on the trading session $106.13, with a closing stock price at $112.95; Rio Tinto plc (NYSE: RTP) stock price shed 1.51 points on the trading session, high on the trading session $132.72, low on the trading session $124.00, with a closing stock price at $128.49; CME Group (NYSE: CME) stock price gained 11.97 points on the trading session, high on the trading session $254.80, low on the trading session $236.13, with a closing stock price at $249.27.

    National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
    Advanced stock prices 1,943, declined stock prices 846, unchanged stock prices 112, stock prices hitting new highs 16 and stock prices hitting new lows 22. 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: Myriad Genetics (NasdaqGS: MYGN) stock price gained 7.87 points on the trading session, high on the trading session $89.84, low on the trading session $82.93, with a closing stock price at $82.93; First Solar (NasdaqGS: FSLR) stock price gained 4.72 points on the trading session, high on the trading session $137.80, low on the trading session $128.00, with a closing stock price at $133.52; Baidu.com (NasdaqGS: BIDU) stock price shed 3.68 points on the trading session, high on the trading session $194.94, low on the trading session $178.58, with a closing stock price at $183.80.

    Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
    Advanced stock prices 327, declined stock prices 208, unchanged stock prices 97, 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) June 09: End of trading session price 808; Change for the trading session 4.50
    E-mini NASDAQ-100 (NQ) June 09: End of trading session price 1,246; Change for the trading session -1.00
    E-mini DOW $5 (YM) June 09: End of trading session price 7,670; Change for the trading session 50
    E-mini S&P MidCap 400 (MF) June 09: End of trading session price 488.80; Change for the trading session 0.20

    World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
    Euro 0.7358 to U.S. Dollars 1.3591
    Japanese Yen 97.55 to U.S. Dollars 0.0103
    British Pound 0.6873 to U.S. Dollars 1.4551
    Canadian Dollar 1.2297 to U.S. Dollars 0.8132
    Swiss Franc 1.12 to U.S. Dollars 0.8929

    COMMODITY MARKETS:

    Energy Sector - Nymex:
    Light Crude (May 09) shed $1.21 on the trading session for a closing price of $52.77 per barrel ($US per barrel)
    Heating Oil (May 09) shed $0.04 on the trading session for a closing price of $1.48 a gallon ($US per gallon)
    Natural Gas (May 09) shed $0.03 on the trading session for a closing price of $4.41 per million BTU ($US per mmbtu.)
    Unleaded Gas (April 09) shed $0.01 on the trading session for a closing price of $1.50 a gallon ($US per gallon)

    Metals Markets - Comex:
    Gold (April 09) gained $12.00 on the trading session for a closing price of $938.00 ($US per Troy ounce)
    Silver (May 09) gained $0.08 on the trading session for a closing price of $13.44 ($US per Troy ounce)
    Platinum (July 09) gained $5.40 on the trading session for a closing price of $1,128.10 ($US per Troy ounce)
    Copper (May 09) shed $0.01 on the trading session for a closing price of $1.80 ($US per pound)

    Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
    Lean Hogs (June 09) shed 0.43 on the trading session for a closing price of 72.73
    Pork Bellies (May 09) shed 0.50 on the trading session for a closing price of 88.00
    Live Cattle (June 09) shed 0.90 on the trading session for a closing price of 82.45
    Feeder Cattle (May 09) shed 1.48 on the trading session for a closing price of 95.38

    Other Commodities - Chicago Board of Trade (cents per bushel):
    Corn (May 09) shed 8.00 on the trading session for a closing price of 385.75
    Soybeans (May 09) shed 16.00 on the trading session for a closing price of 950.00

    BOND MARKET:
    2 year Bond Closing price 99 26/32, change -3/32, Yield 0.95, Yield change 0.04
    5 year Bond closing price of 100 10/32, change -12/32, Yield 1.80, Yield change 0.08
    10 year Bond closing price 99 23/32, change -22/32, Yield 2.78, Yield change 0.08
    30 year Bond closing price 95 27/32, change 1 20/32, Yield 3.73, Yield change 0.10

    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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    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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