Fed's Kohn says weighing need for more rate cuts

[ForexForums]

CNBC - As Chairman Bernanke often emphasizes: We will do what is needed." HAWKS VS. DOVES The central bank has already cut base interest rates to 3 percent from 5.25 percent since mid-September, including an emergency three-quarter point rate cut ...

More... (http://www.cnbc.com/id/23358589/for/cnbc)

[FF]

Since the dollar marked its unfavorable milestones late in the US session yesterday, traders around the world have jumped in to sell the battered currency. Now at record lows, bulls have quickly lost hope in a possible rebound from an overextended greenback. In fact, looking across the market, we have...

More... (http://feeds.feedburner.com/~r/forexforumsfeed/~3/242498697/)

[ForexForums]

MSNBC - During a congressional appearance last week, Fed Chairman Ben Bernanke was asked about ways the Fed could help improve the collection of information on modifications of troubled home loans.

More... (http://www.msnbc.msn.com/id/23454558/)

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Washington Post - Bernanke said in congressional testimony last week. Instead of simply cutting interest rates further, the Fed responded to this latest crisis yesterday with carefully targeted measures.

More... (http://www.washingtonpost.com/wp-dyn/content/article/2008/03/07/AR2008030701225.html)

[DickP]

Bad move :nono:

[ForexForums]

Washington Post - Bernanke said in congressional testimony last week. Instead of simply cutting interest rates further, the Fed responded to this latest crisis yesterday with carefully targeted measures.

More... (http://www.washingtonpost.com/wp-dyn/content/article/2008/03/07/AR2008030701225.html?hpid=topnews)

[ForexForums]

The Ledger - BEN BERNANKE speaks at the National Community Reinvestment Coalition's conference Friday in Washington, D.C. The Fed is "strongly committed to fully employing our authority, expertise and resources to help alleviate their distress," Bernanke said in ...

More... (http://www.theledger.com/article/20080315/NEWS/803150334/1178)

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New York Post - March 15, 2008 -- WASHINGTON - Fighting to stem a dangerous wave of home foreclosures, Federal Reserve Chairman Ben Bernanke yesterday pledged to do all that is possible to help struggling homeowners. The Fed is "strongly committed to fully employing ...

More... (http://www.nypost.com/seven/03152008/news/nationalnews/fed_set_to_step_up_to_home_plate_102029.htm)

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Reuters - Fed Chairman Ben Bernanke is undergoing a "trashing ... by people who think the Bernanke Fed has eased too much, and those who think it has eased too little," said Ethan Harris, an economist at Lehman Brothers.

More... (http://www.reuters.com/article/ousiv/idUSN1648656920080316)

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Boston Globe - Fed Chairman Ben Bernanke is undergoing a "trashing ... by people who think the Bernanke Fed has eased too much, and those who think it has eased too little," said Ethan Harris, an economist at Lehman Brothers

More... (http://www.boston.com/business/articles/2008/03/16/fed_set_to_slash_us_rates_as_credit_turmoil_rages)

[ForexForums]

The Fed's Open Market Committee meets through Wednesday to discuss interest rates. Most investors believe the central bank will lower its benchmark by another quarter-point but will also suggest it is gearing up for a pause. Countrywide will continue ...

More... (http://www.boston.com/business/articles/2008/04/27/fed_may_be_gearing_down_for_a_pause_after_expected _rate_cut)

[ForexForums]

WASHINGTON - The Federal Reserve is poised to deliver another interest rate cut to millions of people and businesses this week, although that could be the last break they get for a while. Fed Chairman Ben Bernanke and his colleagues open a two-day ...

More... (http://www.chicagotribune.com/business/sns-ap-fed-interest-rates,0,2440117.story)

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NEW YORK (Reuters) - The U.S. Federal Reserve, led by Chairman Ben Bernanke, is formally asking Congress for authority to pay interest on commercial bank reserves starting this year, the Wall Street Journal reported on Wednesday. The Federal Reserve ...

More... (http://moneycentral.msn.com/inc/news/providerredir.asp?feed=OBR&date=20080507&id=8601084)

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NEW YORK (Reuters) - The U.S. Federal Reserve, led by Chairman Ben Bernanke, is formally asking Congress for authority to pay interest on commercial bank reserves starting this year, the Wall Street Journal reported on Wednesday. The Federal Reserve ...

More... (http://www.reuters.com/article/ousiv/idUSN0753785220080507)

[ForexForums]

May 14 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke and fellow policy makers said financial markets are still unsettled, while several officials said the central bank is challenged by unacceptably high inflation. Bernanke and San Francisco ...

More... (http://www.bloomberg.com/apps/news?pid=20601009&sid=a_xa8VbXrjmQ&refer=bond)

[ForexForums]

May 14 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke and fellow policy makers said financial markets are still unsettled, while several officials said the central bank is challenged by unacceptably high inflation. Bernanke and San Francisco ...

More... (http://www.bloomberg.com/apps/news?pid=20601083&sid=a_xa8VbXrjmQ&refer=currency)

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NEW YORK (Fortune) -- For a guy who supposedly has lost his credibility, Fed chief Ben Bernanke has been surprisingly effective in soothing stressed-out financial markets - maybe a little too effective. Since the credit crisis began unfolding last ...

More... (http://money.cnn.com/2008/05/22/news/newsmakers/fed.mixed.blessing.fortune/index.htm?postversion=2008052207)

[FX-Update]

Click Here To Read The Article "Fed To Pause In June, But Don't Rule Out More Rate Cuts" (http://feeds.feedburner.com/~r/forexforumsfeed/~3/296265103/)

[FX-Update]

Click Here To Read The Article "Fed to raise the interest rates at the end of 2008" (http://feeds.feedburner.com/~r/forexforumsfeed/~3/302553725/2008-06-01.html)

[FX-Update]

Click Here To Read The Article "Fed on Hold as Far as the Eye Can See" (http://feeds.feedburner.com/~r/forexforumsfeed/~3/307713598/2008-06-08.html)

[ForexForums]

In an April 11, 2007, file photo Federal Reserve chairman Ben Bernanke gestures as he answers students' questions at New York University's law school in New York, Despite a recent spike in the nation's unemployment rate, the danger that the economy ...

More... (http://www.npr.org/templates/story/story.php?storyId=90682120)

[Mike]

Some people needed Sherlock Holmes to figure this out *ahum* Benjamin

[ForexForums]

Fed Chairman Ben Bernanke and his colleagues, who open a two-day meeting Tuesday, are in a tricky spot: they are faced with stuck-in-a-rut economic growth along with inflation threats from rising prices for energy, food and other commodities. Fed ...

More... (http://www.msnbc.msn.com/id/25332823/)

[ForexForums]

Fed Chairman Ben S. Bernanke and his colleagues, who open a two-day meeting today, are in a tricky spot: They are faced with stuck-in-a-rut economic growth along with inflation threats from rising prices for energy, food and other commodities. Fed ...

More... (http://www.baltimoresun.com/business/investing/bal-bz.fed24jun24,0,2183609.story)

[ForexForums]

Fed Chairman Ben Bernanke and his colleagues, who open a two-day meeting Tuesday, are in a tricky spot: they are faced with stuck-in-a-rut economic growth along with inflation threats from rising prices for energy, food and other commodities. Fed ...

More... (http://www.newsday.com/business/investing/wire/sns-ap-fed-interest-rates,0,2290845.story)

[ForexForums]

WASHINGTON - Federal Reserve Chairman Ben Bernanke and his colleagues are updating Teddy Roosevelt's admonition to speak softly and carry a big stick. The Fed policymakers are starting to raise their voices while brandishing the stick even though ...

More... (http://www.newsday.com/business/investing/wire/sns-ap-fed-interest-rates,0,2290845.story)

[ForexForums]

Fed Chairman Ben S. Bernanke and his colleagues, who open a two-day meeting today, are in a tricky spot: They are faced with stuck-in-a-rut economic growth along with inflation threats from rising prices for energy, food and other commodities. Fed ...

More... (http://www.baltimoresun.com/business/bal-bz.fed24jun24,0,3257187.story)

[ForexForums]

With inflation moving higher on its worry list, the Federal Reserve held interest rates steady Wednesday, ending nearly a year of cuts to bolster the economy, and hinted that the next direction for rates could be up. Fed Chairman Ben Bernanke and all ...

More... (http://www.forbes.com/feeds/ap/2008/06/26/ap5155506.html)

[ForexForums]

In this April 3, 2008 file photo, Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington. With inflation moving higher on its worry list, the Federal Reserve held interest rates steady Wednesday, June 25, 2008, ending nearly a ...

More... (http://www.npr.org/templates/story/story.php?storyId=91807566)

[FX-Update]

Click Here To Read The Article "Fed to start normalizing its monetary" (http://feeds.feedburner.com/~r/forexforumsfeed/~3/327811442/2008-07-04.html)

[ForexForums]

The Federal Reserve will issue new rules next week aimed at protecting future homebuyers from dubious lending practices, its most sweeping response to a housing crisis that has propelled foreclosures to record highs. Fed Chairman Ben Bernanke spoke ...

More... (http://www.abcnews.go.com/Politics/wireStory?id=5336443)

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WASHINGTON - The Federal Reserve has adopted rules to give home buyers more protection from the types of shady lending practices that have contributed to the housing crisis and propelled foreclosures to record highs. Chairman Ben Bernanke and his ...

More... (http://news.cincinnati.com/apps/pbcs.dll/article?AID=/20080715/BIZ/807150308/0/BIZ01)

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WASHINGTON (AP) _ The Federal Reserve is moving closer to giving home buyers more protection from the types of shady lending practices that have contributed to the housing crisis and propelled foreclosures to record highs.Chairman Ben Bernanke and ...

More... (http://www.newsday.com/business/nationworld/ats-ap-fed-mortgage-crisisjul14,0,5818242.story)

[ForexForums]

WASHINGTON : An ugly brew of rising unemployment, spiking foreclosures and gyrating energy prices is plaguing the United States and making life difficult for Federal Reserve Chairman Ben Bernanke as he tries to right the country's economy. Bernanke ...

More... (http://www.iht.com/articles/ap/2008/08/03/america/NA-US-Federal-Reserve-Interest-Rates.php)

[ForexForums]

An ugly brew of rising unemployment, spiking foreclosures and gyrating energy prices is plaguing the country and making life difficult for Federal Reserve Chairman Ben Bernanke as he tries to right the economy. Bernanke and his central bank ...

More... (http://www.forbes.com/feeds/ap/2008/08/03/ap5283638.html)

[ForexForums]

An ugly brew of rising unemployment, spiking foreclosures and gyrating energy prices is plaguing the country and making life difficult for Federal Reserve Chairman Ben Bernanke as he tries to right the economy. Bernanke and his central bank ...

More... (http://www.forbes.com/feeds/ap/2008/08/04/ap5284223.html)

[ForexForums]

An ugly brew of rising unemployment, spiking foreclosures and gyrating energy prices is plaguing the country and making life difficult for Federal Reserve Chairman Ben Bernanke as he tries to right the economy. Bernanke and his central bank ...

More... (http://www.forbes.com/feeds/ap/2008/08/04/ap5284436.html)

[MTnews]

Daily Market Commentary for August 5, 2008 from Millennium-Traders.Com (http://www.millennium-traders.com)

Federal Open Market Committee decided today to keep its target for the federal funds rate at 2%. Economic activity expanded in the second quarter, partly reflecting growth in consumer spending and exports. (read more (http://www.millennium-traders.com/news/newscommentary.aspx))

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 session on the world market as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) triple digit gain of 331.21 points on the day to end the trading session at 11,615.36
NYSE (New York Stock Exchange) triple digit gain of 203.20 points to end the trading session at 8,471.85
NASDAQ gain of 64.27 points to end the trading session at 2,349.83
S&P 500 gain of 35.87 points to end the trading session at 1,284.88
FTSE All-World excluding - U.S. gain of 3.12 points to end the trading session at 224.06
FTSE RAFI 1000 triple digit gain of 150.13 points to end the trading session at 5,079.94
BEL 20 (BEL20) triple digit gain of 101.43 points to end the trading session at 3,048.46
CAC 40 (CAC40) triple digit gain of 105.72 points to end the trading session at 4,386.35
FTSE100 (UKX100) triple digit gain of 134.3 points to end the trading session at 5,454.50
NIKKEI 225 (NIK/O) loss of 18.52 points on the day to end the trading session at 12,914.66

New York Stock Exchange (NYSE) stock market indicators for the day:
Advanced stock prices 2,369; declined stock prices 812; unchanged stock prices 75; stock prices hitting new highs 49 and stock prices hitting new lows 85.
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: Reliant Energy Incorporated (NYSE: RRI) stock price shed 2.33 points on the trading session, high on the trading session $18.81, low on the trading session $14.32 for a closing stock price at $14.87; Rio Tinto plc (NYSE: RTP) stock price shed 9.00 points on the trading session, high on the trading session $374.15, low on the trading session $355.35 for a closing stock price at $363.06; Molson Coors Brewing Company (NYSE: TAP) stock price shed 6.25 points on the trading session, high on the trading session $50.28, low on the trading session $46.08 for a closing stock price at $48.18; CME Group Incorporated (NYSE: CME) stock price gained 13.75 points on the trading session, high on the trading session $338.72, low on the trading session $326.13 for a closing stock price at $336.00; Nucor Corporation (NYSE: NUE) stock price gained 0.77 points on the trading session, high on the trading session $53.90, low on the trading session $50.04 for a closing stock price at $52.16; Flowserve Corporation (NYSE: FLS) stock price shed 4.99 points on the trading session, high on the trading session $126.50, low on the trading session $116.76 for a closing stock price at $118.77; Weyerhaeuser Company (NYSE: WY) stock price shed 0.60 points on the trading session, high on the trading session $58.50, low on the trading session $53.67 for a closing stock price at $53.96; Mosaic Company (NYSE: MOS) stock price gained 1.18 points on the trading session, high on the trading session $113.39, low on the trading session $103.95 for a closing stock price at $110.47; Ultrashort Financial Corporation (NYSE: SKF) stock price shed 11.10 points on the trading session, high on the trading session $121.05, low on the trading session $111.92 for a closing stock price at $112.12; Cleveland-Cliffs Incorporated (NYSE: CLF) stock price shed 6.74 points on the trading session, high on the trading session $101.75, low on the trading session $88.24 for a closing stock price at $94.05; Walter Industries Incorporated (NYSE: WLT) stock price gained 3.98 points on the trading session, high on the trading session $91.91, low on the trading session $81.72 for a closing stock price at $90.50; CF Industries Holdings Incorporated (NYSE: CF) stock price shed 9.35 points on the trading session, high on the trading session $150.00, low on the trading session $134.00 for a closing stock price at $139.61; Potash Corporation Saskatchewan (NYSE: POT) stock price shed 7.14 points on the trading session, high on the trading session $182.70, low on the trading session $167.95 for a closing stock price at $173.00; Terra Industries Incorporated (NYSE: TRA) stock price gained 0.58 points on the trading session, high on the trading session $48.74, low on the trading session $43.38 for a closing stock price at $46.52; United States Steel Corporation (NYSE: X) stock price gained 3.30 points on the trading session, high on the trading session $146.24, low on the trading session $136.50 for a closing stock price at $143.17.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators today:
Advanced stock prices 1,941; declined stock prices 947; unchanged stock prices 113; stock prices hitting new highs 40; stock prices hitting new lows 85.
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: Sears Holdings Corporation (NasdaqGS: SHLD) stock price gained 8.78 points on the trading session, high on the trading session $92.25, low on the trading session $82.85 for a closing stock price at $91.56; James River Coal Company (NasdaqGS: JRCC) stock price shed 2.18 points on the trading session, high on the trading session $34.90, low on the trading session $30.83 for a closing stock price at $32.88; MicroStrategy Incorporated (NasdaqGS: MSTR) stock price shed 3.48 points on the trading session, high on the trading session $59.89, low on the trading session $53.50 for a closing stock price at $56.63; Energy Conversion Devices Incorporated (NasdaqGS: ENER) stock price shed 1.88 points on the trading session, high on the trading session $65.20, low on the trading session $61.55 for a closing stock price at $62.76; First Solar Incorporated (NasdaqGS: FSLR) stock price gained 0.15 points on the trading session, high on the trading session $272.50, low on the trading session $261.56 for a closing stock price at $267.39; Baidu.com Incorporated (NasdaqGS: BIDU) stock price gained 0.10 points on the trading session, high on the trading session $334.48, low on the trading session $324.52 for a closing stock price at $330.30.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for today:
Advanced stock prices 652; declined stock prices 533; unchanged stock prices 82; stock prices hitting new highs 16; stock prices hitting new lows 55.

Chicago Board of Trade Futures Market activity for the day, at time of this posting for September 2008 Contracts:
E-mini S&P 500 (ES) end of day price 1,282.50, change -0.50
E-mini NASDAQ-100 (NQ) end of day price 1,873.25, change 4.25
E-mini S&P SmallCap 600 (SMP) end of day price 378.80, change 0.00
$5 DJIA (YM) end of day price 11,583, change -2

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6466 to U.S. Dollars 1.5466
Japanese Yen 108.2 to U.S. Dollars 0.0092
British Pound 0.5121 to U.S. Dollars 1.9528
Canadian Dollar 1.0427 to U.S. Dollars 0.9590
Swiss Franc 1.054 to U.S. Dollars 0.9488

Commodity Markets:
Energy Sector: Light Crude (NYMEX: NYM) shed $2.24 on the day for a closing price of $119.17 a barrel ($US per barrel)
Heating Oil (NYMEX: NYM) shed $0.07 on the day for a closing price of $3.27 a gallon ($US per gallon)
Natural Gas (NYMEX: NYM) had no change on the day at $8.73 per million BTU ($US per mmbtu.)
Unleaded Gas (NYMEX: NYM) shed $0.04 on the day for a closing price of $2.96 a gallon ($US per gallon)

Metals Markets:
Gold Market Price (COMEX: CMX) shed $21.80 on the day for a closing price of $886.10 ($US per Troy ounce)
Silver (COMEX: CMX) shed $0.57 on the day for a closing price of $16.57 ($US per Troy ounce)
Platinum (NYMEX: NYM) gained $21.50 on the day for a closing price of $1,584.50 ($US per Troy ounce)
Copper (COMEX: CMX) shed $0.02 on the day for a closing price of $3.42 ($US per pound)

Livestock and Meat Markets (cents per lb.):
Lean Hogs (Chicago Mercantile Exchange: CME) shed 0.45 on the day for a closing price of 74.50
Pork Bellies (Chicago Mercantile Exchange: CME) shed 1.38 on the day for a closing price of 89.73
Live Cattle (Chicago Mercantile Exchange: CME) shed 0.60 on the day for a closing price of 106.90
Feeder Cattle (Chicago Mercantile Exchange: CME) shed 0.73 on the day for a closing price of 117.10

Other Commodities (cents per bushel):
Corn (Chicago Board of Trade: CBT) shed 10.50 on the day for a closing price of 545.00
Soybeans (Chicago Board of Trade: CBT) shed 26.00 on the day for a closing price of 1,269.00

Bond Market:
2 year bond shed 2/32 on the day for a closing price of 100 11/32 with a Yield of 2.55, Yield Change +0.02
5 year bond shed 4/32 on the day for a closing price of 100 4/32 with a Yield of 3.29, Yield Change +0.08
10 year bond shed 3/32 on the day for a closing price of 98 24/32 with a Yield of 4.02, Yield Change +0.06
30 year bond shed 28/32 on the day for a closing price of 95 20/32 with a Yield of 4.64, Yield Change +0.05

Thanks for reading
Millennium-Traders.Com (http://www.millennium-traders.com)

[ForexForums]

Insight on what the statement from Fed Chairman Ben Bernanke should say with Alan Blinder, former Fed Reserve vice chair and Robert Heller, ...

More... (http://www.cnbc.com/id/15837548/cid/97242/sh/2)

[ForexForums]

(Aug. 21) - The difference a year can make. In August 2007, as financial markets began to crumble under the weight of bad mortgage loans, Chairman Ben Bernanke told the Federal Reserve's annual gathering at Jackson Hole, Wyo., that it wasn't the ...

More... (http://money.aol.com/news/articles/_a/bbdp/feds-role-has-changed-in-last-year/141942)

[ForexForums]

WASHINGTON - Tighten your seat belt. Federal Reserve Chairman Ben Bernanke and his colleagues are doing just that as they prepare to ride out economic and financial storms by holding their most important interest rate steady this week and probably ...

More... (http://www.azcentral.com/business/news/articles/2008/09/15/20080915biz-fedrates14-ON.html)

[ForexForums]

WASHINGTON : Federal Reserve Chairman Ben Bernanke and his colleagues are prepared to ride out economic and financial storms by holding their most important interest rate steady this week and probably through the rest of this year. Unemployment is ...

More... (http://www.iht.com/articles/ap/2008/09/15/business/NA-US-Fed-Interest-Rates.php)

[FX-Update]

Click Here To Read The Article "Fed Leaves Rates at 2%, But Stocks Soar on AIG Hope" (http://feeds.feedburner.com/~r/forexforumsfeed/~3/394721547/)

[ForexForums]

Sept. 29 (Bloomberg) -- The Federal Reserve may need to consider dipping further into its toolbox as Congress tries to revive legislation aimed at rescuing banks. One of the main remaining options for Fed Chairman Ben S. Bernanke to cushion the ...

More... (http://www.bloomberg.com/apps/news?pid=20601087&sid=a8VcrEftqPiI&refer=home)

[ForexForums]

Oct. 6 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke may find the next fronts of the financial crisis to be just as chilling as last month's downfall of Wall Street titans: its spread to corporate America and state and local governments ...

More... (http://www.bloomberg.com/apps/news?pid=20601009&sid=aktjzhZEdgfY&refer=bond)

[ForexForums]

WASHINGTON - The Federal Reserve cut a key interest rate by half a percentage point Wednesday to steady an economy teetering on the kind of financial collapse that America suffered in 1929. Fed Chairman Ben Bernanke and his colleagues ratcheted down ...

More... (http://www.philly.com/philly/hp/news_update/20081008_ap_fedordersemergencyratecutto15percent.h tml)

[ForexForums]

WASHINGTON – Disappearing jobs, burrowing consumers and skittish companies are reasons for the Federal Reserve to lower interest rates and brace the tottering economy. Fed Chairman Ben Bernanke and his colleagues open a two-day meeting Tuesday ...

More... (http://www.signonsandiego.com/news/business/20081028-0906-fed-interestrates.html)

[ForexForums]

WASHINGTON - Disappearing jobs, burrowing consumers and skittish companies are reasons for the Federal Reserve to lower interest rates and brace the tottering economy. Fed Chairman Ben Bernanke and his colleagues open a two-day meeting this afternoon ...

More... (http://www.baltimoresun.com/business/investing/bal-econ1028,0,1771846.story)

[ForexForums]

Oct. 29 (Bloomberg) -- The Federal Reserve may lower its benchmark interest rate to 1 percent today and signal further reductions to levels unseen since Dwight Eisenhower was president. Tumbling commodities prices and weaker consumer spending are ...

More... (http://www.bloomberg.com/apps/news?pid=20601103&sid=aPjEiSG.3SZ8&refer=news)

[ForexForums]

Wednesday, October 29, 2008 Fed Chairman Ben Bernanke and his colleagues opened a two-day meeting Tuesday afternoon - their last before next week's elections - to make a fresh assessment of economic and financial conditions and decide their next move ...

More... (http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/10/29/BU3L13PR7P.DTL)

[ForexForums]

WASHINGTON — The Federal Reserve slashed two key interest rates a half-percentage point to the lowest levels in more than four years Wednesday as policymakers try to limit the pain of an economic downturn. Fed Chairman Ben Bernanke and his ...

More... (http://www.usatoday.com/money/economy/2008-10-29-fed-cut_N.htm)

[ForexForums]

WASHINGTON » Disappearing jobs, burrowing consumers and skittish companies are reasons for the Federal Reserve to ratchet down interest rates and brace the tottering economy. Fed Chairman Ben Bernanke and his colleagues opened a two-day meeting ...

More... (http://www.starbulletin.com/business/20081029_Fed_weighs_rate_cut_as_economy_teeters.ht ml)

[ForexForums]

Oct. 30 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke signaled he's ready to cut interest rates to the lowest level on record should the central bank's actions fail to stem the deepening economic slump. Policy makers said yesterday that ...

More... (http://www.bloomberg.com/apps/news?pid=20601068&refer=economy&sid=adtjOhAF5mEk)

[ForexForums]

The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral. Fed Chairman Ben S. Bernanke and Treasury Secretary Henry ...

More... (http://www.chron.com/disp/story.mpl/headline/biz/6104541.html)

[MTnews]

Daily Market Commentary for November 25, 2008 from Millennium-Traders.Com (http://www.millennium-traders.com)

In an effort to try and ease lending constraints lenders have in place, the Federal Reserve introduced its new Term Asset-Backed Securities Loan Facility (TALF), which will lend up to $200 billion to institutions involved in the issuance of consumer and small-business debt such as credit card loans, student debt and auto loans. (read more (http://www.millennium-traders.com/news/newscommentary.aspx))

Economic data released today:

GDP:
U.S. 3Q GDP revised to a drop by 0.5 percentage Rate from a drop by 0.3 percent;
US 3Q GDP Consensus fell by 0.6 percentage; 3Q Real Final Sales Revised to a drop by 1.4 percentage Rate from a drop by 0.8 percentage; 3Q PCE Price Index Revised to an increase by 5.2 percentage Rate from an increase by 5.4 percentage; 3Q Purchases Price Index Revised to an increase by 4.7 percentage Rate from an increase by 4.8 percentage; 3Q Chain-Weighted Price Index Unchanged at an increase by 4.2 percentage.

Corporate Profits:
3Q Corporate Profits fell 3.0 percentage versus a drop by 0.4 percentage in 2Q.

Redbook: Redbook:
U.S. Retail Sales fell 1.3 percent during first three weeks in November versus October, according to Redbook Research's latest indicator of national retail sales. The drop in the index was compared to a targeted 0.7 percentage drop. The Johnson Redbook Index also showed seasonally adjusted sales in the period fell 1.1 percent compared with November 2007, relative to a target of a 0.5 percentage drop. Redbook indicated that on an unadjusted basis, sales in the week ended November 22 were down 1.4 percent from the same week in 2007. Performance was mainly attributable to weak results turned in by those stores that are on calendars comparing the week to last year's Thanksgiving week, Redbook said. "Mismatches like these are expected to result in a weak November," added Redbook, "and have led retailers to recommend combining November and December sales in terms of evaluating the holiday season." Shoppers held off shopping and waited for the upcoming Black Friday and Cyber Monday deep promotions, Redbook said.

Consumer Confidence:
U.S. Conference Board November expectations Index came in at 46.7 versus October reading of 35.7; U.S. Conference Board November Present Situation Index came in at 42.2 versus October reading of 43.5; U.S. Conference Board November Consumer Confidence came in at 44.9 versus October reading of 38.8.

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 36.47 points to end the trading session at 8,479.86
NYSE (New York Stock Exchange) gain of 61.57 points to end the trading session at 5,375.33
National Association of Securities Dealers Automated Quotations (NASDAQ) loss of 7.29 points to end the trading session at 1,464.73
S&P 500 (SPX) gain of 5.59 points to end the trading session at 857.40
FTSE All-World Index data excluding U.S. (AW01UK) gain of 2.22 points to end the trading session at 139.65
FTSE RAFI 1000 gain of 52.62 points to end the trading session at 3,269.77
BEL 20 (BEL20) gain of 20.71 points to end the trading session at 1,848.89
CAC 40 (CAC40) gain of 37.45 points to end the trading session at 3,209.56
FTSE100 (UKX100) gain of 18.29 points to end the trading session at 4,171.25
NIKKEI 225 (NIK/O) - closed November 25

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,093, declined stock prices 1,094; unchanged stock prices 72; stock prices hitting new highs 4 and stock prices hitting new lows 87. 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: Analog Devices Incorporated (NYSE: ADI) stock price shed 1.22 points on the trading session, high on the trading session $19.80, low on the trading session $16.31 with a closing stock price at $16.95; Royal Bank of Canada (NYSE: RY) stock price shed 0.33 points on the trading session, high on the trading session $32.78, low on the trading session $30.22 with a closing stock price at $31.83; Direxion Financial Bear 3X (NYSE: FAZ) stock price shed 12.25 points on the trading session, high on the trading session $80.83, low on the trading session $66.05 with a closing stock price at $70.75; Billton Limited (NYSE: BHP) stock price gained 4.85 points on the trading session, high on the trading session $39.92, low on the trading session $36.55 with a closing stock price at $38.27.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,557; declined stock prices 1,311; unchanged stock prices 116; stock prices hitting new highs 6 and stock prices hitting new lows 179. 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: Citi Trends Incorporated (NasdaqGS: CTRN) stock price gained 2.66 points on the trading session, high on the trading session $11.75, low on the trading session $9.36 with a closing stock price at $11.29; InterDigital Incorporated (NasdaqGS: IDCC) stock price shed 0.15 points on the trading session, high on the trading session $28.98, low on the trading session $24.76 with a closing stock price at $25.53; Intuitive Surgical Incorporated (NasdaqGS: ISRG) stock price shed 1.48 points on the trading session, high on the trading session $128.00, low on the trading session $118.85 with a closing stock price at $123.46; Baidu.com Incorporated (NasdaqGS: BIDU) stock price gained 8.61 points on the trading session, high on the trading session $128.30, low on the trading session $117.01 with a closing stock price at $123.74; Google Incorporated (NasdaqGS: GOOG) stock price gained 24.56 points on the trading session, high on the trading session $286.66, low on the trading session $267.32 with a closing stock price at $282.00.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 305; declined stock prices 310; unchanged stock prices 73; stock prices hitting new highs 2 and stock prices hitting new lows 32.

Chicago Board of Trade Futures Market activity for the day, at time of this posting for December 2008 Contracts:
n/a for the day

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7655 to U.S. Dollars 1.3064
Japanese Yen 95.430 to U.S. Dollars 0.0105
British Pound 0.6452 to U.S. Dollars 1.550
Canadian Dollar 1.2238 to U.S. Dollars 0.8171
Swiss Franc 1.1839 to U.S. Dollars 0.8447

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (January 09) shed $4.57 on the trading session for a closing price of $50.77 barrel ($US per barrel)
Heating Oil (January 09) shed $0.09 on the trading session for a closing price of $1.71 a gallon ($US per gallon)
Natural Gas (January 09) shed $0.43 on the trading session for a closing price of $6.39 per million BTU ($US per mmbtu.)
Unleaded Gas (December 08) shed $0.05 on the trading session for a closing price of $1.09 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (February 09) gained $0.10 on the trading session for a closing price of $820.50 ($US per Troy ounce)
Silver (March 09) shed $0.07 on the trading session for a closing price of $10.31 ($US per Troy ounce)
Platinum (January 09) gained $5.20 on the trading session for a closing price of $871.60 ($US per Troy ounce)
Copper (March 09) shed $0.02 on the trading session for a closing price of $1.65 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (October 09) shed 0.10 on the trading session for a closing price of 64.65
Pork Bellies (February 09) shed 0.05 on the trading session for a closing price of 92.05
Live Cattle (February 09) shed 0.28 on the trading session for a closing price of 87.33
Feeder Cattle (January 09) no change on the trading session for a closing price of 91.40

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 09) shed 0.50 on the trading session for a closing price of 370.00
Soybeans (January 09) shed 1.00 on the trading session for a closing price of 883.00

BOND MARKET:
2 year Bond closing price 100 6/32, +8/32, Yield 1.15, Yield change -0.05
5 year Bond closing price of 103 15/32, +29/32, Yield 2.00, Yield change -0.19
10 year Bond closing price 105 22/32, + 2 4/32, Yield 3.08, Yield change -0.24
30 year Bond closing price 116 9/32, +3 19/32, Yield 3.59, Yield change -0.19

Thanks for reading
Millennium-Traders.Com (http://www.millennium-traders.com)

[FX-Update]

Click Here To Read The Article "Federal Reserve Has 94% Chance of Cutting to 0.25%" (http://feeds.feedburner.com/~r/forexforumsfeed/~3/481327948/Federal_Reserve_Has_94__Chance_1228969098381.html)

[ForexForums]

Recommended (6) Cash Stockpiles May Not Save Big Business Can Ayn Rand Survive the Economic Crisis? Economy: Ben Bernanke's Experiment Gross: Paul Krugman on America's Economic Crisis Who's Watching the Money? Daniel Gross: Don't Get Depressed, It's ...

More... (http://www.newsweek.com/id/174742)

[MTnews]

Daily Market Commentary for December 15, 2008 from Millennium-Traders.Com (http://www.millennium-traders.com)

It's likely that the Fed will drop interest rates to 0.5% which would be its lowest ever, tomorrow afternoon. (read more (http://www.millennium-traders.com/news/newscommentary.aspx))

Economic data released today:

Industrial Production:
U.S. October Capacity Use Revised to 76.0% from 76.4%; U.S. October Industrial Production Revised to increase by 1.5% from an increase by 1.3%; U.S. November Capacity Utilization fell 0.6 points at 75.4% compared to consensus of 75.8%; U.S. November Industrial Production fell 0.6% compared to consensus of a drop by 0.6%.

Empire State Manufacturing Survey:
New York Fed December Manufacturing Index down 25.76 versus a drop by 25.43 in November; New York Fed December Prices Received down 11.70 versus 6.02 in November; New York Fed December Employment down 23.40 versus a drop by 28.92 in November;
New York Fed December New Orders down 20.78 versus a drop by 22.21 in November.

Treasury International Capital (TIC) Data for October:
Net foreign purchases of long-term securities were $1.5 billion. Net foreign purchases of long-term U.S. securities were negative $34.8 billion. Net purchases by private foreign investors were negative $17.5 billion and net purchases by foreign official institutions were negative $17.2 billion. U.S. residents sold a net $36.3 billion of long-term foreign securities. Net foreign acquisition of long-term securities, taking into account adjustments, is estimated to have been negative $13.3 billion.

European Central Bank comments today:
Money market recovery only modest by Late November; deposit facility use shows interbank trade impaired; unsecured interbank money markets persistently impaired; risk hedge funds may prompt sizeable unwinding; credit derivative swap market not yet tested by defaults; unexpected market events could trigger further unwinding; U.S. house prices only likely to bottom out end 2009; banking sector outlook uncertainty higher than in June; financial stability outlook remains uncertain.

Companies in the news today:
JPMorgan Chase was downgraded due to potential 4Q loss; Apple was downgraded by weak consumer spending; AT&T was downgraded due to weak economy.

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) loss of 65.15 points to end the trading session at 8,564.53
NYSE (New York Stock Exchange) loss of 46.06 points to end the trading session at 5,497.90
National Association of Securities Dealers Automated Quotations (NASDAQ) loss of 32.38 points to end the trading session at 1,508.34
S&P 500 (SPX) loss of 11.16 points to end the trading session at 868.57
FTSE All-World Index data excluding U.S. (AW01UK) gain of 1.12 points to end the trading session at 144.87
FTSE RAFI 1000 loss of 57.35 points to end the trading session at 3,322.88
BEL 20 (BEL20) gain of 18.27 points to end the trading session at 1,873.11
CAC 40 (CAC40) loss of 27.94 points to end the trading session at 3,185.66
FTSE100 (UKX100) loss of 2.79 points to end the trading session at 4,277.56
NIKKEI 225 (NIK/O) for Dec 12: triple digit loss of 484.68 points to end the trading session at 8,235.87

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 838, declined stock prices 2,327, unchanged stock prices 65, stock prices hitting new highs 3 and stock prices hitting new lows 71. 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: IntercontinentalExchange Incorporated (NYSE: ICE) stock price shed 5.63 points on the trading session, high on the trading session $77.56, low on the trading session $69.86, with a closing stock price at $71.16; BP plc (NYSE: BP) stock price gained 0.71 points on the trading session, high on the trading session $48.38, low on the trading session $46.90, with a closing stock price at $47.75; Honeywell International Incorporated (NYSE: HON) stock price gained 1.83 points on the trading session, high on the trading session $31.86, low on the trading session $30.07, with a closing stock price at $30.78; Centex Corporation (NYSE: CTX) stock price shed 0.82 points on the trading session, high on the trading session $11.75, low on the trading session $10.25, with a closing stock price at $10.54; Toyota Motor Corporation (NYSE: TM) stock price gained 2.50 points on the trading session, high on the trading session $66.92, low on the trading session $64.80, with a closing stock price at $65.70; Direxion Financial Bear 3X Shares (NYSE: FAZ) stock price gained 5.35 points on the trading session, high on the trading session $53.15, low on the trading session $45.76, with a closing stock price at $51.00.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 709, declined stock prices 2,164, unchanged stock prices 141, stock prices hitting new highs 3 and stock prices hitting new lows 88. 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: Baidu.com Incorporated (NasdaqGS: BIDU) stock price shed 4.09 points on the trading session, high on the trading session $119.89, low on the trading session $111.50, with a closing stock price at $118.09; First Solar Incorporated (NasdaqGS: FSLR) stock price shed 5.72 points on the trading session, high on the trading session $119.42, low on the trading session $111.00 with a closing stock price at $111.50.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 252, declined stock prices 372, unchanged stock prices 63, stock prices hitting new highs 3 and stock prices hitting new lows 25.

Chicago Board of Trade Futures Market activity for the day, at time of this posting for March 2009 Contracts and December 2008 Contracts for E-mini S&P Small Cap 600:
E-mini S&P 500 (ES): End of trading session price 872.50; Change for the trading session -13.00
E-mini NASDAQ-100 (NQ): End of trading session price 1,198.00; Change for the trading session -21.00
E-mini DOW $5 (YM): End of trading session price 8,600; Change for the trading session -80
E-mini S&P MidCap 400 (MF): End of trading session price 500.70; Change for the trading session -10.50
E-mini S&P Small Cap 600 (HS): End of trading session price 244.80; Change for the trading session -6.90

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7294 to U.S. Dollars 1.3709
Japanese Yen 90.70 to U.S. Dollars 0.0110
British Pound 0.6535 to U.S. Dollars 1.5303
Canadian Dollar 1.2322 to U.S. Dollars 0.8116
Swiss Franc 1.1581 to U.S. Dollars 0.8635

COMMODITY MARKETS:

Energy Sector - Nymex:
Light Crude (January 09) shed $1.77 on the trading session for a closing price of $44.51 per barrel ($US per barrel)
Heating Oil (January 09) shed $0.03 on the trading session for a closing price of $1.49 a gallon ($US per gallon)
Natural Gas (January 09) gained $0.13 on the trading session for a closing price of $5.68 per million BTU ($US per mmbtu.)
Unleaded Gas (December 08) shed $0.04 on the trading session for a closing price of $1.04 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (February 09) gained $16.00 on the trading session for a closing price of $836.50 ($US per Troy ounce)
Silver (March 09) gained $0.39 on the trading session for a closing price of $10.62 ($US per Troy ounce)
Platinum (January 09) gained $17.10 on the trading session for a closing price of $839.20 ($US per Troy ounce)
Copper (March 09) shed $0.02 on the trading session for a closing price of $1.41 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (October 09) gained 0.30 on the trading session for a closing price of 62.58
Pork Bellies (February 09) shed 0.23 on the trading session for a closing price of 80.98
Live Cattle (February 09) gained 1.00 on the trading session for a closing price of 83.80
Feeder Cattle (January 09) gained 1.48 on the trading session for a closing price of 87.93

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 09) gained 1.75 on the trading session for a closing price of 375.25
Soybeans (January 09) shed 6.75 on the trading session for a closing price of 849.50

BOND MARKET:
2 year Bond closing price 100 31/32, change 1/32, Yield 0.74, Yield change -0.01
5 year Bond closing price of 102 13/32, change 5/32, Yield 1.48, Yield change -0.04
10 year Bond closing price 110 19/32, change 12/32, Yield 2.53, Yield change -0.04
30 year Bond closing price 130 1/32, change 1 29/32, Yield 2.96, Yield change -0.08

Thanks for reading
Millennium-Traders.Com (http://www.millennium-traders.com)

[ForexForums]

WASHINGTON — The Federal Reserve is widely expected to ratchet down a key interest rate — perhaps to an all-time low— to prevent the sinking economy from falling deeper into the doldrums. Federal Reserve Chairman Ben Bernanke and his colleagues ...

More... (http://www.insidebayarea.com/business/ci_11238953)

[ForexForums]

Federal Reserve Chairman Ben Bernanke speaks in this Thursday, Dec. 4, 2008 file photo, at the Federal Reserve in Washington. Credit card companies could no longer boost interest rates on existing account balances if the Federal Reserve adopts new ...

More... (http://www.nctimes.com/articles/2008/12/16/ap/headlines/d953mr0g0.txt)

[ForexForums]

WASHINGTON - The Federal Reserve is widely expected to ratchet down a key interest rate — perhaps to an all-time low— to prevent the sinking economy from falling deeper into the doldrums. Federal Reserve Chairman Ben Bernanke and his colleagues ...

More... (http://www.sun-sentinel.com/business/sfl-flzfed1216sbdec16,0,7855186.story)

[ForexForums]

Like the sorcerer's apprentice, Federal Reserve Chairman Ben Bernanke and his predecessor Alan Greenspan have unleashed a series of ever-larger asset bubbles they cannot control. Now the Fed's decision to cut interest rates to between zero and 0.25 ...

More... (http://www.guardian.co.uk/business/feedarticle/8164463)

[MTnews]

Daily Market Commentary for March 12, 2009

Federal Reserve released Quarterly Flow of Funds: U.S. Household net worth shrinks 9% to $51.48 in 4Q (read more at Millennium-Traders.Com (http://www.millennium-traders.com/news/newscommentary.aspx))

Economic data released today:

Retail Sales:
U.S. February Retail & Food Sales fell 0.1% compared to consensus of a drop by 0.4%; US February Retail & Food Sales Excluding-Autos rose 0.7%; January Retail & Food Sales Revised to increase by 1.8% from increase by 1.0%.

Jobless Claims:
U.S. Jobless Claims for week of March 7 increased by 9K to 654K compared to survey of an increase by 6K; U.S. Continuing Claims for week of February 28 increased by 193K to 5,317,000; U.S. Jobless Claims Revised for week of to 645K from 639K; U.S. Continuing Claims at Record High.

Business Inventories:
U.S. January Business Inventories fell 1.1% but was expected to drop by 1.0%; Inventory-to-Sales Ratio Holds at 1.43 In January.

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 of 239.66 points to end the trading session at 7,170.06
NYSE (New York Stock Exchange) triple digit gain of 179.71 points to end the trading session at 4,685.09
National Association of Securities Dealers Automated Quotations (NASDAQ) gain of 54.46 points to end the trading session at 1,426.10
S&P 500 (SPX) gain of 29.37 points to end the trading session at 750.73
BEL 20 (BEL20) gain of 23.04 points to end the trading session at 1,670.29
CAC 40 (CAC40) gain of 20.63 points to end the trading session at 2,694.83
FTSE100 (UKX100) gain of 13.51 points to end the trading session at 3,707.32
NIKKEI 225 (NIK/O) triple digit loss of 177.87 points at the end the trading session at 7,198.25

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,758, declined stock prices 380, unchanged stock prices 57, stock prices hitting new highs 6 and stock prices hitting new lows 62. 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: PowerShares DB Crude Oil (NYSE: DTO) stock price shed 26.88 points on the trading session, high on the trading session $213.75, low on the trading session $180.86, with a closing stock price at $184.09; Jo-Ann Stores (NYSE: JAS) stock price shed 0.47 points on the trading session, high on the trading session $12.31, low on the trading session $11.10, with a closing stock price at $11.98; Pall (NYSE: PLL) stock price shed 3.86 points on the trading session, high on the trading session $19.91, low on the trading session $18.20, with a closing stock price at $18.82; Potash (NYSE: POT) stock price shed 0.48 points on the trading session, high on the trading session $78.20, low on the trading session $73.27, with a closing stock price at $77.66; Hess (NYSE: HES) stock price gained 1.85 points on the trading session, high on the trading session $59.48, low on the trading session $56.83, with a closing stock price at $59.02; Mosaic (NYSE: MOS) stock price shed 2.32 points on the trading session, high on the trading session $44.92, low on the trading session $41.83, with a closing stock price at $43.21; ProShares Ultrashort Financials (NYSE: SKF) stock price shed 29.92 points on the trading session, high on the trading session $178.35, low on the trading session $138.32, with a closing stock price at $142.06; Direxion Financial Bear 3X (NYSE: FAZ) stock price shed 14.49 points on the trading session, high on the trading session $59.50, low on the trading session $40.14, with a closing stock price at $41.60; ProShares Ultrashort S&P 500 (NYSE: SDS) stock price shed 8.08 points on the trading session, high on the trading session $101.47, low on the trading session $91.04, with a closing stock price at $91.68.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 2,255, declined stock prices 502, unchanged stock prices 142, stock prices hitting new highs 8 and stock prices hitting new lows 101. 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: Steel Dynamics (NasdaqGS: STLD) stock price shed 1.29 points on the trading session, high on the trading session $7.28, low on the trading session $5.95, with a closing stock price at $7.26; Priceline.com (NasdaqGS: PCLN) stock price gained 1.33 points on the trading session, high on the trading session $79.21, low on the trading session $73.20, with a closing stock price at $77.27; First Solar (NasdaqGS: FSLR) stock price gained 3.59 points on the trading session, high on the trading session $127.99, low on the trading session $115.05, with a closing stock price at $123.07.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 373, declined stock prices 179, unchanged stock prices 72, stock prices hitting new highs 3 and stock prices hitting new lows 9.

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 749.75; Change for the trading session 4.75
E-mini NASDAQ-100 (NQ) Mar 09: End of trading session price 1,163.75; Change for the trading session 19
E-mini DOW $5 (YM) Mar 09: End of trading session price 7,158; Change for the trading session 31
E-mini S&P MidCap 400 (MF) Mar 09: End of trading session price 453.90; Change for the trading session 3.80

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7741 to U.S. Dollars 1.2918
Japanese Yen 97.60 to U.S. Dollars 0.0102
British Pound 0.7170 to U.S. Dollars 1.3947
Canadian Dollar 1.2794 to U.S. Dollars 0.7816
Swiss Franc 1.1845 to U.S. Dollars 0.8442

COMMODITY MARKETS:

Energy Sector - Nymex:
Light Crude (April 09) gained $4.70 on the trading session for a closing price of $47.03 per barrel ($US per barrel)
Heating Oil (April 09) gained $0.09 on the trading session for a closing price of $1.23 a gallon ($US per gallon)
Natural Gas (April 09) gained $0.20 on the trading session for a closing price of $4.00 per million BTU ($US per mmbtu.)
Unleaded Gas (March 09) gained $0.09 on the trading session for a closing price of $1.35 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (April 09) gained $13.30 on the trading session for a closing price of $924.00 ($US per Troy ounce)
Silver (May 09) gained $0.14 on the trading session for a closing price of $12.94 ($US per Troy ounce)
Platinum (April 09) shed $5.70 on the trading session for a closing price of $1,054.50 ($US per Troy ounce)
Copper (May 09) shed $0.00 on the trading session for a closing price of $1.62 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 09) gained 1.90 on the trading session for a closing price of 62.23
Pork Bellies (May 09) gained 1.60 on the trading session for a closing price of 84.10
Live Cattle (April 09) gained 1.35 on the trading session for a closing price of 83.90
Feeder Cattle (April 09) gained 0.85 on the trading session for a closing price of 91.20

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 09) gained 20.75 on the trading session for a closing price of 385.25
Soybeans (May 09) gained 20.00 on the trading session for a closing price of 882.00

BOND MARKET:
2 year Bond Closing price 99 23/32, change 1/32, Yield 1.01, Yield change -0.01
5 year Bond closing price of 99 28/32, change 7/32, Yield 1.93, Yield change -0.05
10 year Bond closing price 98 29/32, change 9/32, Yield 2.88, Yield change -0.03
30 year Bond closing price 97 17/32, change 14/32, Yield 3.64, Yield change -0.03

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 MarketNews 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 (http://www.millennium-traders.com)

[XRumerMonstroZ]

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[FX-Update]

Click Here To Read The Article "Federal Reserve Bank Keep Rates Unchanged While Purchasing Treasuries" (http://feedproxy.google.com/~r/forexforumsfeed/~3/QwdojA9eXcU/)

[Death420]

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[MTnews]

Daily Market Commentary for July 24, 2009

Federal Minimum Wage

Federal minimum wage goes up to $7.25 an hour today, an increase of 70 cents since last summer.(read more at Millennium-Traders.Com) http://www.millennium-traders.com/news/marketcommentaryjuly2409.aspx

Economic data released today:

University of Michigan Consumer Sentiment Index:
End-July Current Index came in at 70.5 compared to June reading of 73.2; End-July Expectations at 63.2 compared to June reading of 69.2; Preliminary July Sentiment was 64.6; 12-Month Inflation Forecast rose 2.9% compared to June increase by 3.1%; 5-Year Inflation Forecast rose 3.0%compared to June increase by 3.0%.

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 23.95 points, EOD 9,093.24
NYSE (New York Stock Exchange) gain 34.94, EOD 6,337.46
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 7.64 points, EOD 1,965.96
S&P 500 (SPX) gain 2.97 points, EOD 979.26
BEL 20 (BEL20) shed 5.42 points, EOD 2,135.43
CAC 40 (CAC40) shed 7.27 points, EOD 3,366.45
FTSE100 (UKX100) gain 16.81 points, EOD 4,576.61
NIKKEI 225 (NIK/O) triple digit gain 151.61 points, EOD 9,944.55

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,921, declined stock prices 1,136, unchanged stock prices 116, stock prices hitting new highs 63 and stock prices hitting new lows 4. 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: CB gain 2.76, HOD 45.50, LOD 43.69, EOD 45.37; MTD shed 1.60, HOD 83.80, LOD 77.64, EOD 83.62; CME shed 5.16, HOD 276.00, LOD 265.95, EOD 270.84; BLK shed 5.72, HOD 197.83, LOD 189.65, EOD 192.18; MA shed 0.40, HOD 189.10, LOD 183.87, EOD 185.47.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,476, declined stock prices 1,197, unchanged stock prices 144, stock prices hitting new highs 81 and stock prices hitting new lows 12. 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: SPWRA gain 7.19, HOD 32.46, LOD 29.64, EOD 32.04; DECK shed 7.93, HOD 70.50, LOD 65.50, EOD 69.28; FSLR gain 11.65, HOD 173.10, LOD 162.76, EOD 169.43; AMZN shed 7.38, HOD 88.90, LOD 85.50, EOD 86.49; BIDU gain 25.46, HOD 363.30, LOD 338.08, EOD 358.10; RVBD shed 4.19, HOD 21.50, LOD 19.70, EOD 21.28; JNPR gain 0.31, HOD 26.97, LOD 25.00, EOD 26.86; RIGL shed 1.13, HOD 10.90, LOD 9.31, EOD 10.43; BCRX gain 0.91, HOD 9.68, LOD 8.46, EOD 9.49; ISRG gain 7.16, HOD 223.42, LOD 211.50, EOD 222.53; IDXX gain 50.30, HOD 50.41, LOD 45.60, EOD 50.30; SPWRB gain 6.97, HOD 28.77, LOD 25.70, EOD 28.49; GOOG gain 9.38, HOD 450.49, LOD 435.00, EOD 446.72.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 285, declined stock prices 222, unchanged stock prices 69, stock prices hitting new highs 8 and stock prices hitting new lows -.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Sept 09: EOD 978.75; Change 1.00
E-mini NASDAQ-100 (NQ) Sept 09: EOD 1,598.75; Change 1.50
E-mini DOW $5 (YM) Sept 09: EOD 9,062; Change 4
E-mini S&P MidCap 400 (MF) Sept 09: EOD 621.00; Change 0.40
Nikkei 225 (Yen) Sept 09: EOD 10,040; Change 5

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7037 to U.S. Dollars 1.4211
Japanese Yen 94.7400 to U.S. Dollars 0.0106
British Pound 0.6084 to U.S. Dollars 1.6436
Canadian Dollar 1.0847 to U.S. Dollars 0.9219
Swiss Franc 1.0716 to U.S. Dollars 0.9332

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (September 09) gain $0.89, EOD $68.05 per barrel ($US per barrel)
Heating Oil (September 09) gain $0.01, EOD $1.81 a gallon ($US per gallon)
Natural Gas (September 09) gain $0.15, EOD $3.86 per million BTU ($US per mmbtu.)
Unleaded Gas (August 09) gain $0.00, EOD $1.92 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (August 09) shed $1.70, EOD $953.10 ($US per Troy ounce)
Silver (September 09) gain $0.11, EOD $13.88 ($US per Troy ounce)
Platinum (October 09) gain $3.40, EOD $1,191.40 ($US per Troy ounce)
Copper (September 09) no change $0.00, EOD $2.52 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (October 09) shed $1.83, EOD $54.58
Pork Bellies (August 09) shed $2.00, EOD $61.30
Live Cattle (October 09) shed $0.35, EOD $89.75
Feeder Cattle (August 09) gain $0.18, EOD $102.55

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) shed $11.50, EOD $326.75
Soybeans (November 09) shed $17.00, EOD $915.00

BOND MARKET:
2 year EOD 100 6/32, change 0, Yield 1.00, Yield change -0.02
5 year EOD 100 11/32, change -1/32, Yield 2.53, Yield change -0.01
10 year EOD 95 16/32, change -2/32, Yield 3.66, Yield change 0.00
30 year EOD 94 29/32, change -7/32, Yield 4.54, change -0.01

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 MarketNews 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 http://millennium-traders.com/

[Jones]

This sounds great, but the businesses that have to pay more to their employees will just increase their prices, passing this huge debit onto the consumer. You thought a big mac cost alot now?

[annaj]

All this will accomplish is the increase of unemployment among workers who are already disadvantaged.

[VanForex]

This is a good idea and a good piece to read on
Well I agree on some of the ideas being posted here...

[MTnews]

Daily Market Commentary for August 11, 2009

Federal Reserve

Stocks fell today as the federal reserve met for their two day Open Market Committee meeting on interest rates. (read more at Millennium-Traders.Com) (http://www.millennium-traders.com/news/marketcommentaryaugust1109.aspx)

Economic data released today:

Redbook:
U.S. Retail Sales First Week of August fell 0.5% versus July; U.S. Retail Sales for First Week August fell 4.2% versus August a year-ago; U.S. Retail Sales fell 4.2% week end August 8 versus a year ago.

According to Redbook Research, national chain store sales fell 0.5% in first week of August versus previous month. The latest numbers are sharply different from recent weeks because they do not include Wal-Mart Stores (WMT), which indicated last month it would no longer provide monthly sales figures. The drop in the index was compared to a targeted 0.6% drop. The Redbook Index additionally showed seasonally adjusted sales for the period which were down 4.2% compared to August 2008, compared to a targeted 4.3% drop. On an unadjusted basis, sales for the week ending Saturday were down 4.2% from the same week in 2008, after a 5.4% decline the previous week. Per the data, it appears that shoppers were focused on clearance sales and were beginning to look at new back-to-school merchandise. Most stores are currently in transition between summer clearance and back-to-school sales. The summer clearances are being priced less aggressively than usual because of leaner inventories.

Non-farm Productivity:
U.S. 2Q Non-Farm Productivity Revised to increase by 6.4% compared to consensus of an increase by 5.5%.

Unit Labor Costs:
U.S. 2Q Unit Labor Costs Revised to fall by 5.8% compared to consensus of a decrease by 2.9%.

Wholesale Inventories:
U.S. June Wholesale Inventories down 1.7% expected to be down 0.9%; June Wholesale Inventory-To-Sales Ratio falls to 1.26.

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 96.50 points, EOD 9,241.45
NYSE (New York Stock Exchange) shed 86.43, EOD 6,463.62
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 22.51 points, EOD 1,969.73
S&P 500 (SPX) shed 12.75 points, EOD 994.35
BEL 20 (BEL20) shed 30.04 points, EOD 2,262.40
CAC 40 (CAC40) shed 48.36 points, EOD 3,456.18
FTSE100 (UKX100) shed 50.86 points, EOD 4,671.34
NIKKEI 225 (NIK/O) gain 61.2 points, EOD 10,585.46

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 783, declined stock prices 2,177, unchanged stock prices 208, stock prices hitting new highs 30 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: RTP shed 0.57, HOD 155.75, LOD 151.88, EOD 154.95; SF gain 3.86, HOD 56.36, LOD 53.16, EOD 55.13; CME shed 6.93, HOD 284.50, LOD 274.87, EOD 276.00; BG shed 4.80, HOD 68.01, LOD 65.85, EOD 66.04; PSA shed 2.91, HOD 75.61, LOD 72.10, EOD 72.68; MA gain 0.35, HOD 204.45, LOD 201.45, EOD 202.69; AIG shed 3.78, HOD 28.20, LOD 24.32, EOD 24.92; LGF shed 0.15, HOD 7.29, LOD 6.27, EOD 6.31; DRN shed 9.06, HOD 112.29, LOD 100.00, EOD 104.44; YUM shed 1.40, HOD 35.88, LOD 34.56, EOD 35.13; GS shed 1.14, HOD 162.22, LOD 159.15, EOD 159.22.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 690, declined stock prices 1,875 unchanged stock prices 271, stock prices hitting new highs 22 and stock prices hitting new lows 8. 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: FSLR shed 0.81, HOD 149.83, LOD 145.12, EOD 146.53; BIDU shed 6.05, HOD 351.90, LOD 343.21, EOD 345.83; CTRP gain 0.43, HOD 51.84, LOD 50.25, EOD 51.32; ISRG shed 4.20, HOD 232.40, LOD 223.90, EOD 225.97; PCLN gain 3.48, HOD 153.89, LOD 148.86, EOD 153.72; KONG shed 0.16, HOD 13.88, LOD 12.80, EOD 13.00; ZOLT shed 1.78, HOD 9.29, LOD 8.11, EOD 8.53; CPIX shed 0.17, HOD 17.75, LOD 16.35, EOD 16.83; ELON gain 0.86, HOD 10.98, LOD 10.25, EOD 10.91.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 163, declined stock prices 278, unchanged stock prices 148, stock prices hitting new highs 10 and stock prices hitting new lows 1.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Sept 09: EOD 991.25; Change -16.25
E-mini NASDAQ-100 (NQ) Sept 09: EOD 1,593.75; Change -18.75
E-mini DOW $5 (YM) Sept 09: EOD 9,205; Change -115
E-mini S&P MidCap 400 (MF) Sept 09: EOD 640.50; Change -10.00
Nikkei 225 (Yen) Sept 09: EOD 10,445; Change -85

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7066 to U.S. Dollars 1.4152
Japanese Yen 95.8800 to U.S. Dollars 0.0104
British Pound 0.6069 to U.S. Dollars 1.6476
Canadian Dollar 1.1018 to U.S. Dollars 0.9076
Swiss Franc 1.0816 to U.S. Dollars 0.9246

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (September 09) shed $1.15, EOD $69.45 per barrel ($US per barrel)
Heating Oil (September 09) shed $0.02, EOD $1.91 a gallon ($US per gallon)
Natural Gas (September 09) shed $0.10, EOD $3.54 per million BTU ($US per mmbtu.)
Unleaded Gas (September 09) gain $0.01, EOD $2.04 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) gain $0.70, EOD $947.60 ($US per Troy ounce)
Silver (September 09) shed $0.01, EOD $14.35 ($US per Troy ounce)
Platinum (October 09) shed $5.80, EOD $1,250.90 ($US per Troy ounce)
Copper (September 09) shed $0.03, EOD $2.74 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (October 09) shed $0.65, EOD $44.35
Pork Bellies (February 10) shed $0.18, EOD $79.40
Live Cattle (October 09) shed $0.65, EOD $87.65
Feeder Cattle (October 09) shed $0.53, EOD $100.10

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) gain $0.50, EOD $331.00
Soybeans (November 09) gain $28.50, EOD $1,038.50

BOND MARKET:
2 year EOD 99 21/32, change 4/32, Yield 1.17, Yield change -0.07
5 year EOD 99 25/32, change 12/32, Yield 2.66, Yield change -0.08
10 year EOD 95 17/32, change 27/32, Yield 3.67, Yield change -0.10
30 year EOD 96 30/32, change 1 19/32, Yield 4.43, change -0.10

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 MarketNews 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 (http://millennium-traders.com/)

[godoftrading]

Aug. 25 (Bloomberg) -- The Federal Reserve must for the first time identify the companies in its emergency lending programs after losing a Freedom of Information Act lawsuit.

Manhattan Chief U.S. District Judge Loretta Preska ruled against the central bank yesterday, rejecting the argument that loan records aren’t covered by the law because their disclosure would harm borrowers’ competitive positions.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a7CC61ZsieV4
_________________
http://zantrio.com
http://millennium-traders.com
http://swing-trading.com

[forexguide]

have herd about the news where Loretta Preska rules against the central bank and that is so cool to me..

[Mike]

Loretta Preska has most likely already been pulled aside and told to STFU against the central bank, if she doesn't want to have to find a new job, that is.

[JaiHO]

Its sad your governemtn gives out money and doesnt even know where it goes

[MTnews]

Daily Market Commentary for September 23, 2009

Federal Reserve Bank

Federal Reserve Bank wraps up their two day meeting today and will be announcing their conclusion on interest rates at 2:15 p.m. EST; stocks were dropping as investors awaited the highly anticipated decision. (Read more at Millennium-Traders.Com (http://www.millennium-traders.com/news/marketcommentaryseptember2309.aspx))

Economic data released today:

MBA (Mortgage Bankers Association) Mortgage Applications:
U.S. MBA Market Index rose 12.8% at 668.5 compared to Last Week 592.8; U.S. MBA Purchase Index rose 5.6% at 288.3 compare to Last Week 272.9; U.S. MBA Refinance Index rose 17.4% at 2881.5 compared to Last Week 2454.5.

Crude Oil Inventories as reported by DOE (Department of Energy):
U.S. Crude Oil Stockpiles +2.855 million barrels at 335.608 million barrels; U.S. Crude Oil Stockpiles +2.855 million barrels in week; was seen -1.5 million barrels; U.S. Gasoline Stockpiles +5.409 million barrels at 213.109 million barrels; U.S. Gasoline Stockpiles +5.409 million barrels in week; was seen +0.4 million barrels; U.S. Distillate Stockpiles +2.961 million barrels at 170.754 million barrels; U.S. Distillate Stockpiles +2.961 million barrels in week; was seen +1.6 million barrels; U.S. Refineries Ran at 85.58% capacity versus 86.94% Week Ago; U.S. Refineries Ran at 85.58% capacity; was seen 86.20%.

Interest Rate Decision by FOMC (Federal Open Market Committee):
Voted 10-0 for Fed funds rate action; Fed leaves discount rate at 0.5%; economic activity has picked up, to remain weak for a time; to slow pace of mortgage security purchases, finish in 2010; repeats plan to finish treasury purchases in October; expects inflation to be subdued `for some time'; long-term inflation expectations stable; policy actions will support stronger economic growth; rates to stay `exceptionally low' for extended period; financial conditions, housing market have improved; consumer spending stabilizing, remains constrained; businesses cutting investment, staffing at slower pace; to use wide range of tools for growth, stable inflation; to evaluate timing, amounts of purchase programs.

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 79.20 points, EOD 9,750.67
NYSE (New York Stock Exchange) shed 82.44, EOD 6,964.69
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 15.8 points, EOD 2,130.50
S&P 500 (SPX) shed 11.27 points, EOD 1,060.39
BEL 20 (BEL20) gain 12.54 points, EOD 2,491.19
CAC 40 (CAC40) shed 1.73 points, EOD 3,821.79
FTSE100 (UKX100) shed 3.23 points, EOD 5,139.37
NIKKEI 225 (NIK/O) unchanged, EOD 10,370.54

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,105 declined stock prices 1,974, unchanged stock prices 92, stock prices hitting new highs 325 and stock prices hitting new lows 7. 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: AIG gain 0.91, HOD 49.56, LOD 46.03, EOD 46.71; STX shed 0.22, HOD 16.16, LOD 15.44, EOD 15.46; IMA shed 2.71, HOD 39.60, LOD 37.82, EOD 38.07; AIR gain 2.08, HOD 21.83, LOD 19.67, EOD 21.07; MDR shed 0.80, HOD 27.30, LOD 26.20, EOD 26.34; FAS shed 4.89, HOD 91.34, LOD 84.51, EOD 84.76; RTP shed 2.73, HOD 181.67, LOD 176.36, EOD 176.41; BLK gain 2.83, HOD 220.17, LOD 210.50, EOD 211.03; CME shed 5.17, HOD 315.00, LOD 306.00, EOD 306.10; SLG shed 3.42, HOD 47.17, LOD 43.15, EOD 43.39; WLT shed 5.35, HOD 65.35, LOD 61.54, EOD 61.86; GS shed 1.88, HOD 188.00, LOD 183.64, EOD 183.64; AZO shed 11.42, HOD 148.94, LOD 141.44, EOD 141.50; MA shed 5.19, HOD 225.82, LOD 219.15, EOD 219.39; FUL gain 0.10, HOD 22.59, LOD 20.92, EOD 21.38; OSK shed 1.42, HOD 31.48, LOD 29.70, EOD 29.80.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,047, declined stock prices 1,690, unchanged stock prices 108, stock prices hitting new highs 146 and stock prices hitting new lows 5. 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: XLNX gain 1.11, HOD 24.47, LOD 23.54, EOD 23.83; BIDU shed 1.34, HOD 403.60, LOD 394.00, EOD 394.95; FSLR shed 3.59, HOD 157.53, LOD 152.21, EOD 152.71; KERX gain 0.33, HOD 3.33, LOD 2.62, EOD 2.69; AAPL gain 1.02, HOD 188.90, LOD 185.03, EOD 185.50; RIMM gain 0.91, HOD 88.08, LOD 84.80, EOD 85.77; SNDA gain 3.12, HOD 60.35, LOD 55.01, EOD 58.44; DECK gain 2.17, HOD 85.25, LOD 81.78, EOD 83.99; XTXI gain 0.37, HOD 6.18, LOD 5.29, EOD 5.60; APOL shed 0.81, HOD 71.75, LOD 70.36, EOD 70.51; ERTS gain 1.31, HOD 20.33, LOD 18.55, EOD 19.83; XOMA gain 0.16, HOD 1.07, LOD 0.85, EOD 1.01.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 230, declined stock prices 314, unchanged stock prices 46, stock prices hitting new highs 35 and stock prices hitting new lows 1.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Sept 09: EOD 1056.50; Change -10.75
E-mini NASDAQ-100 (NQ) Sept 09: EOD 1,722.50; Change -11.75
E-mini DOW $5 (YM) Sept 09: EOD 9,691; Change -80
E-mini S&P MidCap 400 (MF) Sept 09: EOD 692.30; Change -9.20
Nikkei 225 (Yen) Sept 09: EOD 10,315; Change -75

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6786 to U.S. Dollars 1.4736
Japanese Yen 91.3500 to U.S. Dollars 0.0109
British Pound 0.6116 to U.S. Dollars 1.6352
Canadian Dollar 1.0750 to U.S. Dollars 0.9320
Swiss Franc 1.0265 to U.S. Dollars 0.9742

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (October 09) shed $2.79, EOD $68.97 per barrel ($US per barrel)
Heating Oil (November 09) shed $0.05, EOD $1.79 a gallon ($US per gallon)
Natural Gas (November 09) gain $0.23, EOD $4.75 per million BTU ($US per mmbtu.)
Unleaded Gas (October 09) shed $0.08, EOD $1.70 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) shed $1.10, EOD $1,014.40 ($US per Troy ounce)
Silver (December 09) shed $0.21, EOD $16.91 ($US per Troy ounce)
Platinum (October 09) shed $11.40, EOD $1,333.00 ($US per Troy ounce)
Copper (December 09) gain $0.06, EOD $2.81 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) gain $1.30, EOD $50.05
Pork Bellies (February 10) shed $1.23, EOD $80.18
Live Cattle (December 09) gain $1.40, EOD $85.75
Feeder Cattle (November 09) gain $1.18, EOD $97.95

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) gain $4.50, EOD $330.25
Soybeans (November 09) shed $1.50, EOD $920.50

BOND MARKET:
2 year EOD 100 2/32, change 4 16/32, Yield 0.96, Yield change 0.01
5 year EOD 99 1/32, change 8/32, Yield 2.36, Yield change -0.05
10 year EOD 101 25/32, change 10/32, Yield 3.40, Yield change -0.04
30 year EOD 105 6/32, change 2/32, Yield 4.19, change 0.00

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 MarketNews 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 (http://www.millennium-traders.com/index.aspx)

[Mike]

I was just checking the most viewed threads in the forum. How did this get 4000? Jesus!

[Mike]

Now it's up to 5000 views. I'm wondering if someone is artificially increasing thread views on this and for what reason :confused:

[FX-Update]

Click Here To Read The Article "Fed Maintains Monetary Policy But Eyes Inflation In The Offing" (http://feedproxy.google.com/~r/forexforumsfeed/~3/-Zn5r8AQNWk/)

[MTnews]

Daily Market Commentary for January 27, 2010

Federal Reserve Board

Federal Reserve Board announced today after their two-day meeting, they will keep interest rates at record lows of between 0% and 0.25%. (Read more at Millennium-Traders.Com (http://www.millennium-traders.com/news/marketcommentaryjanuary2710.aspx))

Economic data released today:

MBA Mortgage Applications:
U.S. MBA Market Index fell 10.9% at 513; Last Week 575.9; U.S. MBA Purchase Index fell 3.3% at 215.6; Last Week 223; U.S. MBA Refinance Index fell 15.1% at 2.260.4; Last Week 2,663.8.

New Home Sales:
U.S. December New Home Sales fell 7.6% to 342K; compared to consensus of 365K; U.S. November New Home Sales Revised to 370K from 355K.

Crude Oil Inventories as reported by Department of Energy [DOE]:
U.S. Crude Oil Stockpiles fell 3.9 Million Barrels at 326.7 Million Barrels; U.S. Crude Oil Stockpiles -3.9 Million Barrels in week; was seen increasing by 0.9 Million Barrels; U.S. Gasoline Stockpiles rose 2.0 Million Barrels at 229.4 Million Barrels; U.S. Gasoline Stockpiles rose 2.0 Million Barrels in week; was seen increasing by 0.6 Million Barrels; U.S. Distillate Stockpiles rose 0.4 Million Barrels at 157.5 Million Barrels; U.S. Distillate Stockpiles +0.4 Million Barrels In Wk; Seen -1.6 Million Barrels; U.S. Refineries Ran at 78.5% capacity versus 78.4% week ago; U.S. Refineries Ran at 78.5% capacity; was seen 78.40%.

FOMC Interest Rate Decision:
Fed leaves discount rate unchanged at 0.50%; Fed keeps Fed funds range unchanged at 0.0% to 0.25%; voted 9-1 for Fed funds rate action, hoenig dissents; tad more upbeat on U.S. economy, leaves rates near zero; Fed funds to stay exceptionally low for extended period; economic activity has continued to strengthen; economic activity likely to be moderate for a time; deterioration in labor market is abating; inflation expected to remain subdued for some time; resource slack seen keeping cost pressures down; longer-term inflation expectations stable; financial market conditions supportive of growth; bank lending continues to contract; household spending remains constrained; businesses spending picking up, firms reluctant to hire; repeats plan to end agency securities purchases in 1Q; still buying $1.25T in agency MBS, $175B in agency debt; most special liquidity facilities to expire in February; close swap deals with foreign central banks by Feb 1; continue scaling back term auction offerings.

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 47.09 points, EOD 10,241.38
NYSE (New York Stock Exchange) gain 7.26, EOD 7,035.58
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 18.14 points, EOD 2,221.87
S&P 500 (SPX) gain 5.16 points, EOD 1,097.33
BEL 20 (BEL20) shed 2.78 points, EOD 2,493.67
CAC 40 (CAC40) shed 47.24 points, EOD 3,759.80
FTSE100 (UKX100) shed 59.38 points, EOD 5,217.47
NIKKEI 225 (NIK/O) shed 107.21 points, EOD 10,253.08

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,503 declined stock prices 1,595, unchanged stock prices 87, stock prices hitting new highs 49 and stock prices hitting new lows 15. 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: DV gain 7.15, HOD 63.67, LOD 58.21, EOD 63.32; PLT gain 2.18, HOD 27.79, LOD 26.77, EOD 27.36; USG shed 1.03, HOD 13.59, LOD 12.71, EOD 12.98; RTP gain 0.71, HOD 206.37, LOD 200.00, EOD 203.78; AIG gain 0.51, HOD 25.19, LOD 23.04, EOD 24.91; GS gain 0.65, HOD 152.93, LOD 148.27, EOD 151.60; FAS gain 4.25, HOD 72.69, LOD 67.47, EOD 72.16; CME gain 8.13, HOD 295.50, LOD 283.61, EOD 294.33; ROK gain 4.68, HOD 51.86, LOD 49.03, EOD 50.84; BLK gain 2.06, HOD 231.13, LOD 218.55, EOD 226.77; MA gain 7.72, HOD 256.43, LOD 248.37, EOD 256.33.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,606, declined stock prices 1,083, unchanged stock prices 122, stock prices hitting new highs 37 and stock prices hitting new lows 23. 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: SANM gain 1.85, HOD 14.55, LOD 13.65, EOD 14.15; ALTR gain 1.23, HOD 22.73, LOD 22.11, EOD 22.42; PLCM shed 1.48, HOD 23.17, LOD 22.15, EOD 22.69; AAPL gain 1.94, HOD 210.58, LOD 199.53, EOD 207.88; BIDU gain 4.98, HOD 425.69, LOD 417.00, EOD 424.36; AMZN gain 3.27, HOD 123.33, LOD 118.80, EOD 122.75; APOL gain 2.27, HOD 64.60, LOD 61.87, EOD 64.15; FSLR shed 0.99, HOD 115.98, LOD 111.02, EOD 114.14; GOOG shed 0.32, HOD 547.65, LOD 536.01, EOD 542.10.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 215, declined stock prices 298, unchanged stock prices 42, stock prices hitting new highs 8 and stock prices hitting new lows 4.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1093.00; Change 5.75
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,816.50; Change 20.00
E-mini DOW $5 (YM) Mar 10: EOD 10,180; Change 42
E-mini S&P MidCap 400 (MF) Mar 10: EOD 719.90; Change 1.20
Nikkei 225 (Yen) Mar 10: EOD 10,305; Change -25

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7132 U.S. Dollars 1.4022
Japanese Yen 90.0200 to U.S. Dollars 0.0111
British Pound 0.6187 to U.S. Dollars 1.6163
Canadian Dollar 1.0645 to U.S. Dollars 0.9394
Swiss Franc 1.0499 to U.S. Dollars 0.9525

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (March 10) shed $1.06, EOD $73.65 per barrel ($US per barrel)
Heating Oil (March 10) shed $0.03, EOD $1.93 a gallon ($US per gallon)
Natural Gas (March 10) shed $0.19, EOD $5.24 per million BTU ($US per mmbtu.)
Unleaded Gas (February 10) shed $0.03 EOD $1.94 gallon ($US per gallon)

Metals Markets - Comex:
Gold (February 10) shed $13.00, EOD $1,086.50 ($US per Troy ounce)
Silver (March 10) shed $0.44, EOD $16.43 ($US per Troy ounce)
Platinum (April 10) shed $30.50, EOD $1,500.80 ($US per Troy ounce)
Copper (March 10) shed $0.11, EOD $3.23 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 10) gain $0.28, EOD $68.95
Pork Bellies (February 10) gain $0.30, EOD $81.70
Live Cattle (April 10) shed $0.35, EOD $88.98
Feeder Cattle (March 10) shed $0.45, EOD $98.53

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 10) shed $3.25, EOD $358.25
Soybeans (March 10) shed $16.00, EOD $929.00

BOND MARKET:
2 year EOD 99 30/32, change -13/32, Yield 0.90, Yield change 0.09
5 year EOD 101 4/32, change -5/32, Yield 2.37 Yield change 0.03
10 year EOD 97 25/32, change -6/32, Yield 3.64 Yield change 0.02
30 year EOD 97 4/32, change 3/32, Yield 4.55, change 0.00

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[FX-Update]

Click Here To Read The Article "Fed Keeps Rates Unchanged" (http://feedproxy.google.com/~r/forexforumsfeed/~3/zB1u-WudARc/)

[Matt]

This was no big surprise right?

[cadedvd]

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[FX-Update]

Click Here To Read The Article "Fed's Lacker Attempts to Square the Circle" (http://feedproxy.google.com/~r/forexforumsfeed/~3/xB4rbxh4VLI/)

[FX-Update]

Click Here To Read The Article "Fed Members Downgrade Economic Outlook for the U.S." (http://feedproxy.google.com/~r/forexforumsfeed/~3/BVtAIR05xyg/256451)

[Forex-News]

Click Here To Read The Article "Fed's New Deal Prompts Bigger Deal for Dollar" (http://feedproxy.google.com/~r/forexforumsfeed/~3/5_S-YETXkFk/)

It appears that currency traders are twisting the Fed's words out of shape having fully digested the latest policy statement and creating a sudden reversal in demand for dollars. The FOMC didn't really tell the market anything new and although they haven't necessarily caved in to pressure building since thehttp://feeds.feedburner.com/~r/ActionForexall/~4/uqCAHOT61MM

[gundang_FOREX]

Ahh,, whatyagonna do?

[TradingEzra]

All the Fed needs to say to the public is something like, "you see this money that was yours, its over there now in Europe."

[DickP]

This prompted TEET-TEE for the dollar, very little, when are people going to learn?

[FX-Update]

Click Here To Read The Article "Fed Stimulus Feeds Risk Appetite and Subsequently Drives Carry Interest Higher" (http://feedproxy.google.com/~r/forexforumsfeed/~3/UWPX6WFWb2U/Template_DailyFX_Carry_Trade_Index_11.05.10.html)

One of the most fundamentally-pivotal weeks in many months has passed; and the developments through this period have significantly boosted investors’ appetite for risk and fortified the perceived stability of the carry trade.

[FX-Update]

Click Here To Read The Article "Fed Surprises Markets with Scope of QE2" (http://feedproxy.google.com/~r/forexforumsfeed/~3/gchgLKdu6ek/fed-surprises-markets-with-scope-of-qe2.html)


For the last few months, and especially over the last few weeks, the financial markets have been obsessed with the rumored expansion of the Fed’s Quantitative Easing program (”QE2?). With the prospect of another $1 Trillion in newly minted money hitting the markets, investors presumptively piled into stocks, commodities, and other high-risk assets, and simultaneously sold the US Dollar in favor of higher-yielding alternatives.


http://www.forexblog.org/wp-content/uploads/2010/11/Fed-Balance-Sheet-2010-QE2.png

[/URL][URL="http://www.nytimes.com/2010/11/04/business/economy/04fomc.html"]On Wednesday (http://www.nytimes.com/2010/11/04/business/economy/04fomc.html), rumor became reality, as the Fed announced that it would expand its balance sheet by $600 Billion through purchases of long-dated Treasury securities over the next six months. While the announcement (and the accompanying holding of the Federal Funds Rate at 0%) were certainly expected, markets were slightly taken aback by its scope.

Due to conflicting testimony by members of the Fed’s Board of Governors, investors had scaled back their expectations of QE2 to perhaps $300-500 Billion. To be sure, a handful of bulls forecast as much as $1-1.5 Trillion in new money would be printed. The majority of analysts, however, New York Fed chief William Dudley’s words at face value when he warned, “I would put very little weight on what is priced into the market (http://www.google.com/url?sa=t&source=web&cd=1&ved=0CBIQFjAA&url=http%3A%2F%2Foneclick.indiatimes.com%2Fquote%2 F08K40Jc3l64jX&ei=P6fSTMq1BYHIuAOm95n0Dg&usg=AFQjCNFIqKj-Qp0hD-Z_9Vijt8K18sUNwQ&sig2=f2j4oqtRM39UZDNn1RKfVw).” It was also rumored that the US Treasury Department was working behind the scenes to limit the size of QE2. Thus, when the news broke, traders instantly sent the Dollar down against the Euro, back below the $1.40 mark.


http://www.forexblog.org/wp-content/uploads/2010/11/EUR-USD-5-Day-Chart-2010.jpg

On the one hand, the (currency) markets can take a step back and focus instead on other issues. For example, yields on Eurozone debt have been rising recently due to continued concerns about the possibility of default, but this is not at all reflected in forex markets. During the frenzy surrounding QE2, the forex markets also completely neglected comparative growth fundamentals, which if priced into currencies, would seem to favor a rally in the Dollar.

On the other hand, I have a feeling that investors will continue to dwell on QE2. While the consensus among analysts is that it will have little impact on the economy, they must nonetheless await confirmation/negation of this belief over the next 6-12 months. In addition, all of the speculation to date over the size of QE2 has been just that – speculation. Going forward, speculators must also take reality into account, depending on how that $600 Billion is invested and the consequent impact on US inflation. If a significant proportion of is simply pumped into domestic and emerging market stocks, then the markets will have been proved right, and the Dollar will probably fall further. If, instead, a large portion of the funds are lent and invested domestically, and end up buoying consumption, then some speculators will be forced to cover their bets, and the Dollar could rally.

Unfortunately, while QE2 is largely seen as a win-win for US stocks (either it stimulates the economy and stocks rally, or it fails to stimulate the economy but some of the funds are used to foment a stock market rally anyway), the same cannot be said for the US Dollar. If QE2 is successful, then hawks will start moaning about inflation and use it as an excuse to sell the Dollar. If QE2 fails, well, then the US economy could become mired in an interminable recession, and bears will sell the Dollar in favor of emerging market currencies.

http://images.socialtwist.com/2009021910542/button.png (http://tellafriend.socialtwist.com:80)

[FX-Update]

Click Here To Read The Article "Fed Unlikely Changes Easing Stance Despite G20 Pressures" (http://feedproxy.google.com/~r/forexforumsfeed/~3/2-7GfmhFdZE/)

Fed's re-entry to QE sparked risk appetite and sent financial markets, including equities, growth currencies, bonds and commodities, higher. While investors were thrilled amid anticipations that liquidity injections will boost economic recovery in the US, Fed’s move has attracted many criticisms. Renowned economists and financial officials commented Fed’s QE willhttp://feeds.feedburner.com/~r/ActionInsightallReports/~4/VZMFGCHZwWU

[progresso]

Who are these "FED MEMBERS" that they speak of :heh:

[Jones]

The fed's new deal of Quantitative Easing?

[Rasheen]

What type of spam is this XRunner?

It posts to boards and blogs automatically.

[Jasminelover]

Federal Reserve December 14, 2010 meeting minutes released on Tuesday (January 4, 2011), showed that Fed policy makers believed that the U.S. economic recovery still need support of monetary policy.

Despite the U.S. economic outlook is bright. The Federal Reserve would not change its plan to buy 600 billion U.S. dollars in treasury bonds.

In addition, the Federal Reserve said the U.S. dollar was stronger than previously expected; U.S. Federal Reserve agreed to extend the exchange program.

[lliop]

Thanks FED for continuing to keep American down

[noah9]

What exactly does this mean when the fed meets all the time?