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Retail Sales

Discussion in 'Forex Daily News & Outlook' started by MTnews, Jan 14, 2009.

  1. MTnews

    MTnews Content Contributor

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    Daily Market Commentary for January 14, 2009 from Millennium-Traders.Com

    Poor retail sales were reported as the worst seen in 16 years, added selling pressure to the markets. (read more)

    Economic data released today:

    Mortgage Banker's Association (MBA) Purchase Applications:
    U.S. MBA Refinance Index rose 25.6% at 7414.1compared to last week at 5904.5; U.S. MBA Market Index rose 15.8% at 1324.8 compared to last week at 1143.8; U.S. MBA Purchase Index fell 14.1% at 295.8 compared to last week at 344.2.

    Import and Export Prices:
    U.S. December Import Prices fell 4.2% compared to consensus of a drop by 6.0%; U.S. December Non-Petroleum Import Prices fell 1.1%; U.S. December Petroleum Import Prices fell 21.4%.

    Retail Sales:
    U.S. December Retail & Food Sales fell 2.7% compared to consensus of a drop by 1.2%; U.S. December Retail & Food Sales Excluding-Autos fell 3.1%; U.S. November Retail & Food Sales revised to a drop by 2.1% from a drop by 1.8%.

    Business Inventories:
    U.S. November Business Inventories fell by 0.7% compared to expectations of a drop by 0.4%.

    Fed Beige Book:
    Many financial job cuts not yet seen in payroll data; year-end financial bonuses seen down at least 20%-30%; layoffs continue in most districts, wages contained; credit quality remains a concern; lending activity down, lending conditions tighter; 'sizable' price discounting seen during holidays; retail sales weak over holiday season; economic activity continues to weaken.

    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) triple digit loss of 248.42 points to end the trading session at 8,200.14
    NYSE (New York Stock Exchange) triple digit loss of 210.16 points to end the trading session at 5,328.68
    National Association of Securities Dealers Automated Quotations (NASDAQ) loss of 58.82 points to end the trading session at 1,489.64
    S&P 500 (SPX) loss of 29.17 points to end the trading session at 842.62
    FTSE All-World Index data excluding U.S. (AW01UK) loss of 4.53 points to end the trading session at 139.93
    FTSE RAFI 1000 triple digit loss of 119.85 points to end the trading session at 3,228.43
    BEL 20 (BEL20) loss of 72.75 points to end the trading session at 1,890.27
    CAC 40 (CAC40) triple digit loss of 145.89 points to end the trading session at 3,052.00
    FTSE100 (UKX100) triple digit loss of 218.51 points to end the trading session at 4,180.64
    NIKKEI 225 (NIK/O) gain of 24.54 points at the end the trading session at 8,438.45

    New York Stock Exchange (NYSE) stock market indicators for the trading session today:
    Advanced stock prices 344, declined stock prices 2,818, unchanged stock prices 47, stock prices hitting new highs 4 and stock prices hitting new lows 57. 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: Siemens AG (NYSE: SI) stock price shed 7.94 points on the trading session, high on the trading session $56.81, low on the trading session $55.28, with a closing stock price at $55.93; Cliffs Natural Resources Incorporated (NYSE: CLF) stock price shed 4.43 points on the trading session, high on the trading session $24.45, low on the trading session $20.90, with a closing stock price at $21.06; Hess Corporation (NYSE: HES) stock price shed 2.62 points on the trading session, high on the trading session $52.75, low on the trading session $50.24, with a closing stock price at $51.33; Rio Tinto plc (NYSE: RTP) stock price shed 8.93 points on the trading session, high on the trading session $84.70, low on the trading session $78.83, with a closing stock price at $83.00; Bunge Limited (NYSE: BG) stock price shed 6.56 points on the trading session, high on the trading session $143.40, low on the trading session $38.75, with a closing stock price at $41.61; Deutsch Bank AG (NYSE: DB) stock price shed 2.92 points on the trading session, high on the trading session $29.52, low on the trading session $28.68, with a closing stock price at $28.98; ProShares Ultrashort S&P 500 (NYSE: SDS) stock price gained 4.55 points on the trading session, high on the trading session $81.07, low on the trading session $77.53, with a closing stock price at $79.83; ProShares Ultrashort Financials (NYSE: SKF) stock price gained 13.56 points on the trading session, high on the trading session $142.00, low on the trading session $133.61, with a closing stock price at $140.46; CME Group Incorporated (NYSE: CME) stock price shed 7.57 points on the trading session, high on the trading session $181.56, low on the trading session $175.00, with a closing stock price at $177.45; ProShares Ultrashort Real Estate (NYSE: SRS) stock price gained 6.52 points on the trading session, high on the trading session $69.20, low on the trading session $65.17, with a closing stock price at $67.97.

    National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
    Advanced stock prices 497, declined stock prices 2,305, unchanged stock prices 125, stock prices hitting new highs 3 and stock prices hitting new lows 64. 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: Linear Technology Corporation (NasdaqGS: LLTC) stock price shed 0.93 points on the trading session, high on the trading session $22.58, low on the trading session $21.52, with a closing stock price at $21.67; First Solar Incorporated (NasdaqGS: FSLR) stock price shed 7.32 points on the trading session, high on the trading session $138.49, low on the trading session $130.88, with a closing stock price at $133.78.

    Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
    Advanced stock prices 164, declined stock prices 429, unchanged stock prices 53, stock prices hitting new highs 2 and stock prices hitting new lows 13.

    Chicago Board of Trade Futures Market for the day, at time of this posting:
    E-mini S&P 500 (ES) Mar 09: End of trading session price 839.50; Change for the trading session -29.00
    E-mini NASDAQ-100 (NQ) Mar 09: End of trading session price 1,165.75; Change for the trading session -38.25
    E-mini DOW $5 (YM) Mar 09: End of trading session price 8,162; Change for the trading session -246
    E-mini S&P MidCap 400 (MF) Mar 09: End of trading session price 499.60; Change for the trading session -20
    E-mini S&P Small Cap 600 (HS) Mar 09: End of trading session price 8,065; Change for the trading session -265

    World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
    Euro 0.7595 to U.S. Dollars 1.3167
    Japanese Yen 89.10 to U.S. Dollars 0.0112
    British Pound 0.6863 to U.S. Dollars 1.4570
    Canadian Dollar 1.2471 to U.S. Dollars 0.8019
    Swiss Franc 1.1171 to U.S. Dollars 0.8952

    COMMODITY MARKETS:

    Energy Sector - Nymex:
    Light Crude (February 09) shed $0.50 on the trading session for a closing price of $37.46 per barrel ($US per barrel)
    Heating Oil (February 09) shed $0.05 on the trading session for a closing price of $1.46 a gallon ($US per gallon)
    Natural Gas (March 09) shed $0.19 on the trading session for a closing price of $4.96 per million BTU ($US per mmbtu.)
    Unleaded Gas (February 09) gained $0.02 on the trading session for a closing price of $1.17 a gallon ($US per gallon)

    Metals Markets - Comex:
    Gold (February 09) shed $11.90 on the trading session for a closing price of $808.80 ($US per Troy ounce)
    Silver (March 09) shed $0.21 on the trading session for a closing price of $10.48 ($US per Troy ounce)
    Platinum (April 09) shed $20.20 on the trading session for a closing price of $937.30 ($US per Troy ounce)
    Copper (March 09) shed $0.06 on the trading session for a closing price of $1.49 ($US per pound)

    Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
    Lean Hogs (February 09) shed 0.58 on the trading session for a closing price of 66.70
    Pork Bellies (February 09) gained 0.10 on the trading session for a closing price of 85.10
    Live Cattle (February 09) shed 0.75 on the trading session for a closing price of 86.83
    Feeder Cattle (March 09) shed 0.28 on the trading session for a closing price of 94.63

    Other Commodities - Chicago Board of Trade (cents per bushel):
    Corn (March 09) gained 4.00 on the trading session for a closing price of 366.50
    Soybeans (March 09) no change on the trading session for a closing price of 971.50

    BOND MARKET:

    2 year Bond Closing price 100 10/32, change 2/32, Yield 0.71, Yield change -0.03
    5 year Bond closing price of 100 22/32, change 13/32, Yield 1.35, Yield change -0.08
    10 year Bond closing price 113 19/32, change 27/32, Yield 2.20, Yield change -0.09
    30 year Bond closing price 131 24/32, change 3 2/32, Yield 2.88, Yield change -0.13

    Thanks for reading
    Millennium-Traders.Com
     
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