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September

Discussion in 'Forex Daily News & Outlook' started by MTnews, Sep 1, 2010.

  1. MTnews

    MTnews Content Contributor

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    Daily Market Commentary for September 1, 2010

    September

    Stocks rallied in the first trading session in September, with the Dow being up triple digits. (Read more at Millennium-Traders.Com)

    Economic data released today:

    MBA Index:
    U.S. MBA Refinance Index rose 2.8% at 5,085.3; Last Week 4,944.7; U.S. MBA Purchase Index rose 1.8% at 173.6; Last Week 170.5; U.S. MBA Market Index rose 2.7% at 893.8; Last Week 870.3.

    ADP Nonfarm Employment Change:
    ADP August U.S. Private Sector Jobs fell 10,000; ADP August U.S. Private Sector Jobs Expected to increase by 17,000.

    ISM Manufacturing Index:
    U.S. ISM August Manufacturing PMI 56.3 versus July 55.5; U.S. ISM August Manufacturing PMI Expected 52.5; U.S. ISM August Prices Index 61.5 versus July 57.5; U.S. ISM August Employment Index 60.4 versus July 58.6; U.S. ISM August New Orders Index 53.1 versus July 53.5; U.S. ISM August Production Index 59.9 versus July 57.0; U.S. ISM August Inventories Index 51.4 versus July 50.2; U.S. ISM August Inventories Index 51.4 versus July 50.2.

    Construction Spending (MoM):
    U.S. Construction Spending fell 1.0% in July; Compared to Consensus of a decrease by 0.5%; June Construction Spending Revised to fall 0.8% from an increase by 0.1%.

    Crude Oil Inventories from DOE:
    U.S. Refineries Ran at 87.0% capacity; Seen 87.60%; U.S. Refineries Ran at 87.0% capacity versus 87.7% capacity Week Ago; U.S. Distillate Stockpiles fell 0.739 Million Barrels in Week; Was Seen increasing by 1.1 Million Barrels; U.S. Distillate Stockpiles fell 0.739 Million Barrels at 175.235 Million Barrels; U.S. Gasoline Stockpiles fell 0.212 Million Barrels in Week; Was Seen decreasing by 0.2 Million Barrels; U.S. Gasoline Stockpiles fell 0.212 Million Barrels at 225.405 Million Barrels; U.S. Crude Oil Stockpiles rose 3.425 Million Barrels in Week; Was Seen increasing by 0.8 Million Barrels; U.S. Crude Oil Stockpiles rose 3.425 Million Barrels At 361.707 Million Barrels.

    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 gain 253.92 points, EOD 10,268.64
    NYSE (New York Stock Exchange) triple digit gain 106.06, EOD 6,972.42
    National Association of Securities Dealers Automated Quotations (NASDAQ) gain 62.45 points, EOD 2,17.48
    S&P 500 (SPX) gain 30.77 points, EOD 1,080.10
    BEL 20 (BEL20) gain 74.3 points, EOD 2,531.76
    CAC 40 (CAC40) triple digit gain 133.05 points, EOD 3,623.84
    FTSE100 (UKX100) triple digit gain 141.19 points, EOD 5,366.29
    NIKKEI 225 (NIK/O) triple digit gain 102.96 points, EOD 8,927.02

    New York Stock Exchange (NYSE) stock market indicators for the trading session today:
    Advanced stock prices 2,671, declined stock prices 463, unchanged stock prices 64, stock prices hitting new highs 235 and stock prices hitting new lows 21. 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: CMG gain 8.65, HOD 159.50, LOD 151.63, EOD 159.48; CRM gain 6.52, HOD 116.81, LOD 111.30, EOD 116.40.

    National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
    Advanced stock prices 2,211, declined stock prices 494, unchanged stock prices 77, stock prices hitting new highs 51 and stock prices hitting new lows 45. 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 7.04, HOD 251.46, LOD 246.28, EOD 250.14; NFLX gain 9.19, HOD 136.25, LOD 129.11, EOD 134.71; JOYG gain 3.44, HOD 60.33, LOD 56.71, EOD 59.98; AMZN gain 7.66, HOD 132.60, LOD 126.17, EOD 132.49; PCLN gain 15.36, HOD 306.84, LOD 294.02, EOD 306.84; STRA gain 2.14, HOD 151.71, LOD 143.24, EOD 146.78; QDEL gain 0.19, HOD 12.44, LOD 12.09, EOD 12.28; FORM shed 0.05, HOD 7.13, LOD 6.89, EOD 6.95.

    Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
    Advanced stock prices 330, declined stock prices 169, unchanged stock prices 23, stock prices hitting new highs 27 and stock prices hitting new lows 5.

    Chicago Board of Trade Futures Market for the day, at time of this posting:
    E-mini S&P 500 (ES) Mar 10: EOD 1078.25; Change 30.00
    E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,819.00; Change 52.50
    E-mini DOW $5 (YM) Mar 10: EOD 10,251; Change 245
    Nikkei 225 (Yen) Mar 10: EOD 9,095; Change 265

    World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
    Euro 0.7812 to U.S. Dollars 1.2800
    Japanese Yen 84.4550 to U.S. Dollars 0.0118
    British Pound 0.6471 to U.S. Dollars 1.5500
    Canadian Dollar 1.0527 to U.S. Dollars 0.9508
    Swiss Franc 1.0160 to U.S. Dollars 0.9841

    COMMODITY MARKETS:
    Energy Sector - Nymex:
    Light Crude (October 10) gain $1.99, EOD $73.91 per barrel ($US per barrel)
    Heating Oil (October 10) gain $0.04, EOD $2.04 a gallon ($US per gallon)
    Natural Gas (October 10) shed $0.05, EOD $3.76 per million BTU ($US per mmbtu.)
    Unleaded Gas (October 10) gain $0.03 EOD $1.89 gallon ($US per gallon)

    Metals Markets - Comex:
    Gold (September 10) shed $2.00, EOD $1,246.30 ($US per Troy ounce)
    Silver (September 10) shed $0.03, EOD $19.36 ($US per Troy ounce)
    Platinum (September 10) gain $12.20, EOD $1,535.70 ($US per Troy ounce)
    Copper (September 10) gain $0.10, EOD $3.47 ($US per pound)

    Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
    Lean Hogs (October 10) shed $0.15, EOD $75.00
    Pork Bellies (February 10) shed $0.25, EOD $105.00
    Live Cattle (October 10) unchanged, EOD $97.25
    Feeder Cattle (September 10) shed $0.25, EOD $113.85

    Other Commodities - Chicago Board of Trade (cents per bushel):
    Corn (September 10) gain $7.75, EOD $432.25
    Soybeans (September 10) shed $3.50, EOD $1,004.50

    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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