1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Unemployment

Discussion in 'Forex Daily News & Outlook' started by MTnews, Nov 24, 2010.

  1. MTnews

    MTnews Content Contributor

    Joined:
    Dec 17, 2007
    Messages:
    810
    Likes Received:
    0
    Daily Market Commentary for November 24, 2010

    Unemployment

    Things were looking up on Wall Street today when it was reported unemployment fell more than expected. (Read more at Millennium-Traders.Com)

    Economic data released today:

    MBA Mortgage Applications:
    U.S. MBA Refinance Index fell 1.0% at 3,793.6; Last Week 3,831.0; U.S. MBA Market Index rose 2.1% at 728.8; Last Week 713.6; U.S. MBA Purchase Index rose 14.4% at 205.0; Last Week 179.2.

    Durable Goods Orders (MoM):
    September Durable Goods Excluding-Transportation Revised to increase by 1.3% from a decrease by 0.8%; September Durable Goods Orders Revised to increase by 5.0% from an increase by 3.5%; October Durable Goods Orders, Excluding-Defense, fell 2.1%; October Durable Goods Orders, Excluding-Transportation, fell 2.7%; U.S. October Durable Goods Orders -3.3%; Consensus rose 0.1%.

    Initial Jobless Claims (MoM):
    U.S. Jobless Claims fell 34K to 407K in Week of November 20; Compared to Survey of a decrease by 4K; U.S. Jobless Claims Drop to Lowest Level since July 2008; U.S. Nov 13 Week Jobless Claims Revised to 441K from 439K; U.S. Nov 13 Week Continuing Claims fell 142K to 4,182,000.

    Personal Income/Spending (MoM):
    September Spending Revised to +0.3% from +0.2%; September Personal Income Revised to Unchanged% from -0.1%; U.S. Personal Income rose 0.5% in October; Compared to Consensus of an increase by 0.4%; U.S. Personal Spending rose 0.4% in October; Compared to Consensus of an increase by 0.5%.

    Core PCE Price Index (MoM):
    October PCE Price Index rose 0.2% Rate on Month; rose 1.3% on Year; October PCE Core Price Index unchanged Rate on Month; rose 0.9% on Year.

    Michigan Consumer Sentiment Index:
    University of Michigan End-November Sentiment 71.6; University of Michigan End- November Current Index 82.1; University of Michigan 12-Month Inflation Forecast rose 3.0%; University of Michigan 5-Year Inflation Forecast rose 2.8%.

    Michigan Inflation Expectations:
    University of Michigan End-November Expectations 64.8.

    New Home Sales:
    U.S. September New Home Sales Revised to 308K from 307K; U.S. October New Home Sales fell 8.1% to 283K; Compared to Consensus of 314K.

    Crude Oil Inventories as released by DOE:
    U.S. Refineries Ran at 85.5% capacity; Seen at 84.40% capacity; U.S. Refineries Ran at 85.5% capacity versus 84.0% capacity Week Ago; U.S. Distillate Stockpiles fell 0.541 Million Barrels in Week; was Seen decreasing by 1.5 Million Barrels; U.S. Distillate Stockpiles fell 0.541 Million Barrels at 158.251 Million Barrels; U.S. Gasoline Stockpiles rose 1.913 Million Barrels was seen decreasing by 0.9 Million Barrels; U.S. Gasoline Stockpiles rose 1.913 Million Barrels at 209.592 Million Barrels; U.S. Crude Oil Stockpiles rose 1.029 Million Barrels was seen decreasing by 1.9 Million Barrels; U.S. Crude Oil Stockpiles rose +1.029 Million Barrels at 358.625 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 150.91 points, EOD 11,187.28
    NYSE (New York Stock Exchange) triple digit gain 108.42, EOD 7,579.19
    National Association of Securities Dealers Automated Quotations (NASDAQ) gain 47.38 points, EOD 2,542.33
    S&P 500 (SPX) gain 17.4 points, EOD 1,198.13
    BEL 20 (BEL20) gain 7.26 points, EOD 2,591.51
    CAC 40 (CAC40) gain 23.19 points, EOD 3,747.61
    FTSE100 (UKX100) gain 75.82 points, EOD 5,657.10
    NIKKEI 225 (NIK/O) shed 85.08 points, EOD 10,030.11

    New York Stock Exchange (NYSE) stock market indicators for the trading session today:
    Advanced stock prices 2,507, declined stock prices 557, unchanged stock prices 88, stock prices hitting new highs 145 and stock prices hitting new lows 13. 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: MA gain 1.80, HOD 240.66, LOD 0.00, EOD 237.45; CRM gain 2.70, HOD 145.43, LOD 140.65, EOD 145.12; AGQ gain 1.10, HOD 129.61, LOD 124.99, EOD 129.10; TIF gain 2.99, HOD 61.57, LOD 60.03, EOD 61.24.

    National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
    Advanced stock prices 2,116, declined stock prices 567, unchanged stock prices 103, stock prices hitting new highs 188 and stock prices hitting new lows 42. 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 6.14, HOD 315.40, LOD 311.75, EOD 314.88; AMZN gain 8.90, HOD 177.88, LOD 171.53, EOD 177.19; FFIV gain 3.33, HOD 133.70, LOD 131.09, EOD 132.49; STRA shed 1.39, HOD 143.95, LOD 139.10, EOD 139.91.

    Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
    Advanced stock prices 298, declined stock prices 163, unchanged stock prices 38, stock prices hitting new highs 14 and stock prices hitting new lows 6.

    Chicago Board of Trade Futures Market for the day, at time of this posting:
    E-mini S&P 500 (ES) Mar 10: EOD 1194.75; Change 16.50
    E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,157.75; Change 38.75
    E-mini DOW $5 (YM) Mar 10: EOD 11,146; Change 132
    Nikkei 225 (Yen) Mar 10: EOD 10,110; Change 255

    World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
    Euro 0.7504 to U.S. Dollars 1.4000
    Japanese Yen 83.5950 to U.S. Dollars 0.0120
    British Pound 0.6342 to U.S. Dollars 1.5800
    Canadian Dollar 1.0118 to U.S. Dollars 0.9882
    Swiss Franc 0.9964 to U.S. Dollars 1.00

    COMMODITY MARKETS:
    Energy Sector - Nymex:
    Light Crude (January 11) gain $2.61, EOD $83.86 per barrel ($US per barrel)
    Heating Oil (January 11) gain $0.07, EOD $2.34 a gallon ($US per gallon)
    Natural Gas (December 10) gain $0.00, EOD $4.27 per million BTU ($US per mmbtu.)
    Unleaded Gas (January 11) gain $0.07, EOD $2.16 gallon ($US per gallon)

    Metals Markets - Comex:
    Gold (December 10) shed $4.60, EOD $1,373.00 ($US per Troy ounce)
    Silver (December 10) shed $0.04, EOD $27.53 ($US per Troy ounce)
    Platinum (January 11) gain $0.70, EOD $1,658.40 ($US per Troy ounce)
    Copper (December 10) gain $0.05, EOD $3.76 ($US per pound)

    Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
    Lean Hogs (February 11) gain $0.70, EOD $77.60
    Pork Bellies (February 11) unchanged, EOD $104.50
    Live Cattle (February 11) gain $0.37, EOD $105.60
    Feeder Cattle (January 11) gain $0.45, EOD $118.27

    Other Commodities - Chicago Board of Trade (cents per bushel):
    Corn (December 10) gain $10.00, EOD $553.00
    Soybeans (January 11) gain $16.00, EOD $1,255.00

    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
    Millennium-Traders.Com
     
Loading...

Share This Page