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Discussion in 'Forex Daily News & Outlook' started by MTnews, May 20, 2010.

  1. MTnews

    MTnews Content Contributor

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    Daily Market Commentary for May 20, 2010

    Stock

    Stock sell offs continued today, as the Labor Department gave its weekly report on jobless claims. (Read more at Millennium-Traders.Com)

    Economic data released today:

    Initial Jobless Claims:
    U.S. Week of May 8 Jobless Claims Revised to 446K from 444K; U.S. May 8 Week Continuing Claims fell 40K to 4,625,000; U.S. Jobless Claims rose 25K to 471K in Week of May 15; Compared to Survey of a decrease by 4K.

    Philadelphia Fed Manufacturing Index:
    Philadelphia Fed May Delivery Times fell 1.2 versus April 5.4; Philadelphia Fed May Shipments 15.8 versus April 5.6; Philadelphia Fed May New Orders 6.1 versus April 13.9; Philadelphia Fed May Employment 3.2 versus April 7.3; Philadelphia Fed May Price Received 3.5 versus April 1.0; Philadelphia Fed May Price Paid 35.5 versus April 42.7; Philadelphia Fed May Business Index Expected 21.2; Philadelphia Fed May Business Index 21.4 versus April 20.2; Philadelphia Fed May Inventories fell 7.9 versus April 2.0.

    FDIC:
    U.S. Bank Lending Continues to Decline; U.S. Banks Set Aside Less for Loan Losses, Led by Big Banks; FDIC's Deposit Insurance Fund Still in Red at -$20.7B; U.S. Banks Post $18B 1Q Profit; U.S. Banks Post Profit, but Industry Problems Persist; U.S. Banks on FDIC Problem List Grows to 775.

    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) shed 364.27 points, EOD 10,080.10
    NYSE (New York Stock Exchange) shed 266.11, EOD 6,661.10
    National Association of Securities Dealers Automated Quotations (NASDAQ) shed 91.18 points, EOD 2,207.19
    S&P 500 (SPX) shed 41.96 points, EOD 1,073.09
    BEL 20 (BEL20) shed 43.36 points, EOD 2,386.49
    CAC 40 (CAC40) shed 79.15 points, EOD 3,432.52
    FTSE100 (UKX100) shed 84.95 points, EOD 5,073.13
    NIKKEI 225 (NIK/O) shed 156.53, EOD 10,030.31

    New York Stock Exchange (NYSE) stock market indicators for the trading session today:
    Advanced stock prices 158, declined stock prices 3,037, unchanged stock prices 30, stock prices hitting new highs 9 and stock prices hitting new lows 100. 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: EOG shed 5.94, HOD 99.64, LOD 96.03, EOD 96.29; GS shed 4.00, HOD 139.49, LOD 135.75, EOD 136.10; CME shed 7.69, HOD 312.39, LOD 302.40, EOD 303.00; FAS shed 3.40, HOD 24.49, LOD 22.14, EOD 22.19; MA gain 3.05, HOD 209.99, LOD 196.66, EOD 205.50; V shed 0.15, HOD 75.42, LOD 71.11, EOD 72.82; GME shed 0.65, HOD 22.85, LOD 20.61, EOD 20.62; SFL shed 1.9284, HOD 17.41, LOD 16.00, EOD 16.84; TDW shed 4.48, HOD 46.73, LOD 42.30, EOD 42.90.

    National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
    Advanced stock prices 242, declined stock prices 2,564, unchanged stock prices 58, stock prices hitting new highs 13 and stock prices hitting new lows 161. 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: GOOG shed 19.42, HOD 485.58, LOD 473.80, EOD 475.01; PCLN shed 9.11, HOD 188.08, LOD 179.10, EOD 181.00; SHLD shed 10.86, HOD 96.40, LOD 88.49, EOD 88.70; FSLR shed 0.38, HOD 114.00, LOD 105.50, EOD 109.62; AAPL shed 10.58, HOD 243.85, LOD 236.21, EOD 237.76; BIDU shed 2.55, HOD 69.62, LOD 66.82, EOD 67.58; NTES shed 1.08, HOD 30.50, LOD 26.16, EOD 30.03; ADSK shed 2.07, HOD 30.76, LOD 28.22, EOD 28.28; PLCE gain 1.09, HOD 44.25, LOD 40.38, EOD 42.59; HOTT shed 0.65, HOD 6.01, LOD 5.70, EOD 5.88.

    Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
    Advanced stock prices 79, declined stock prices 425, unchanged stock prices 28, stock prices hitting new highs 6 and stock prices hitting new lows 18.

    Chicago Board of Trade Futures Market for the day, at time of this posting:
    E-mini S&P 500 (ES) Mar 10: EOD 1071.50; Change -38.50
    E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,802.00; Change -66.25
    E-mini DOW $5 (YM) Mar 10: EOD 10,061; Change -344
    E-mini S&P MidCap 400 (MF) Mar 10: EOD 737.80; Change -31.30
    Nikkei 225 (Yen) Mar 10: EOD 9,715; Change -400

    World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
    Euro 0.7989 to U.S. Dollars 1.2500
    Japanese Yen 89.7850 to U.S. Dollars 0.0111
    British Pound 0.6940 to U.S. Dollars 1.4400
    Canadian Dollar 1.0628 to U.S. Dollars 0.9384
    Swiss Franc 1.1501 to U.S. Dollars 0.8694

    COMMODITY MARKETS:
    Energy Sector - Nymex:
    Light Crude (June 10) shed $1.86, EOD $68.01 per barrel ($US per barrel)
    Heating Oil (June 10) shed $0.04, EOD $1.90 a gallon ($US per gallon)
    Natural Gas (June 10) shed $0.05, EOD $4.11 per million BTU ($US per mmbtu.)
    Unleaded Gas (June 10) shed $0.05, EOD $1.96 gallon ($US per gallon)

    Metals Markets - Comex:
    Gold (May 10) shed $4.80, EOD $1,187.80 ($US per Troy ounce)
    Silver (May 10) shed $0.39, EOD $17.69 ($US per Troy ounce)
    Platinum (May 10) shed $109.90, EOD $1,493.80 ($US per Troy ounce)
    Copper (May 10) shed $0.01, EOD $2.94 ($US per pound)

    Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
    Lean Hogs (June 10) shed $1.77, EOD $80.25
    Pork Bellies (May 10) gain $2.75, EOD $108.00
    Live Cattle (June 10) shed $0.97, EOD $91.45
    Feeder Cattle (May 10) shed $1.55, EOD $108.80

    Other Commodities - Chicago Board of Trade (cents per bushel):
    Corn (May 10) gain $2.75, EOD $362.00
    Soybeans (May 10) gain $5.50, EOD $944.00

    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
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