User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday December 5, 2007 - 12:12:15 GMT
Trade the News Staff - www.global-view.com/forex-services/TTN/

Share This Story:
| | Email

European Market Update: Euro-Zone Retail Sales Fall Shy of Expectations

   *** ECONOMIC DATA ***

· UK Nov HBOS House Prices: M/M -1.1% v 0.0%e || Y/Y 6.3% v 6. 9%e

· SP Oct Industrial Output nsa: 4.7% v -1.3% prior || Prior revised from -1.3% to -1.1%

· SP Oct Industrial Output wda: 2.6% v 0. 6% prior || Prior revised from 0.6% to 0.8%

· SP Nov Services PMI: 50.7 v 52.4 prior

· IT Nov Services PMI: 50.8 v 53.7e

· FR Nov Services PMI: 59.2 v 56.8e

· GE Nov Services PMI: 53.1 v 53. 5e

· EU Nov Final Services PMI: 54.1 v 53.7e

· EU Nov Final Composite PMI: 54.1 v 53.8e

· EU Oct Retail Sales: M/M -0.7% v -0. 3%e || Prior revised form 0.3% to 0.2% |||| Y/Y 0.2% v 1.2%e || Prior revised from 1.6% to 1.5%

· *** SPEAKERS/COMMENTS ***

· There was a lack of comments from European officials overnight with the exception of one comment from the ECB's Trichet who noted that he would discuss policy ahead of this week's policy setting meeting.

· *** FIXED INCOME/FX/COMMODITIES/ERRATUM ***

· On the FX front the focus has been on the British Pound, which is trading lower on speculation that the Bank of England will follow the Bank of Canada's lead this week by cutting interest rates at their policy setting meeting, especially considering the recent compelling data for such actions. Overall there is a weaker Yen tone in the session as equities are firmer in Europe as the potential nationalization of Northern Rock has restored confidence, and increased risk appetite. The commodity currencies are weaker in the session despite higher oil prices following OPEC's decision to keep output unchanged. Commodity currencies are weaker due to a combination of continued fears about an economic slowdown, as well as OPEC's decision to hold a meeting in January, which falls ahead of what was set to be the next meeting in March.

· Fixed income futures are trading higher in the UK ahead of Thursday's rate announcement. Many market participants anticipate that the bank of England will cut interest rates due to softer economic data, continued credit jitters, the collapse of the interbank lending, and the continued rise in libor fixing rates. European fixed income futures are currently mixed, but are following an upward path after a weaker than expected reading on Euro-Zone retail sales data, as well as the overall market consensus that the European Central Bank will keep interest rates on hold this week despite the recent sharp spike in inflation.

· On the commodity front crude oil futures are trading higher in the session following OPEC's decision to leave output unchanged today. OPEC did say that they would hold a meeting on January 25 to discuss a possible output hike if deemed necessary. The January meeting falls before the next official meeting which is scheduled for March. Following OPEC's decision there were a series of comments from many of the participating country's oil ministers. Oil ministers reiterated much of the recent OPEC rhetoric saying that markets are well supplied, and that there is no need for an output hike at this time.

· On the data front the Euro-Zone service PMI figures indicated further expansion in the services sector during the month of November, however, with the exception of France, the services sector grew at a slower pace. The final reading on the overall Euro-Zone PMI figures for the month of November exceeded expectations, bolstered by the sharp rise in the French reading. HBOS house prices fell below estimates during November, with the M/M reading at its lowest level since December of 2002, seeming to confirm that the UK housing sector has began to cool down. Euro-Zone retail sales data fell below expectations and was accompanied by downward revisions to the previous month's figures. While the data did not greatly deviate from its average trend over the past few years, they lent upside momentum to interest rate futures ahead of this week's policy setting meeting.

· Looking ahead, with no major speakers scheduled today focus is likely to fall on economic data. Ahead of the equity market open the increasingly unreliable ADP employment change will be released along, as will final third-quarter readings for nonfarm productivity, and unit labor coasts. A greater part of the focus in the US is likely to fall upon factory orders and ISM non-manufacturing, both of which are due out at 10:00 ET. The key data events for the rest of the week will be both the BOE and ECB rate decisions tomorrow, and, of course, the non-farm payrolls data in the US on Friday.

 

Forex Trading News

Forex Research

Daily Forex Market News
Forex news reports can be found on the forex research headlines page below. Here you will find real-time forex market news reports provided by respected contributors of currency trading information. Daily forex market news, weekly forex research and monthly forex news features can be found here.

Forex News
Real-time forex market news reports and features providing other currency trading information can be accessed by clicking on any of the headlines below. At the top of the forex blog page you will find the latest forex trading information. Scroll down the page if you are looking for less recent currency trading information. Scroll to the bottom of fx blog headlines and click on the link for past reports on forex. Currency world news reports from previous years can be found on the left sidebar under "FX Archives."



Elevate Your Trading With The Amazing Trader!

The Amazing Trader includes:
  • Actionable trading levels delivered to YOUR charts in real-time.
  • Live trading strategy sessions.
  • Market Updates with Trading Tools.

Register To Test Your Amazing Trader


Trading Ideas for 18 October 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:

Wed 18 Oct
12:30 US- Housing Starts & Permits
14:30 US- EIA Crude
Thu 19 Oct
01:30 AU- Employment
08:30 GB- Retail Sales
12:30 US- Weekly Jobless
Fri 20 Oct
12:30 CA- Retail Sales & CPI
14:00 US- Existing Homes Sales

Forex Trading Outlook


Trading Opportunities


  • POTENTIAL PRICE RISK: HIGH Tue-- 08:30 GMT GB- CPI top tier confirmation of Inflation.

  • POTENTIAL PRICE RISK: Medium Tue-- 09:00 GMT DE- ZEW Survey second most important German monthly Survey.

  • POTENTIAL PRICE RISK: Medium Tue-- 09:00 GMT EZ- final HICP revision to flash report. Revisions are usually minor.

  • POTENTIAL PRICE RISK: Medium Tue-- 13:15 GMT US- Industrial Production. Top output indicator.



  • POTENTIAL PRICE RISK: Medium Wed-- 12:30 GMT US- Housing Starts and Permits revision to flash report. Useful housing leading indicator.

  • POTENTIAL PRICE RISK: Medium Wed-- 14:30 GMT US- EIA Crude. Top WTI inventory measure.



  • POTENTIAL PRICE RISK: Medium Thu-- 01:30 GMT AU- Employment. Top economic indicator.


  • POTENTIAL PRICE RISK: Medium Thu-- 02:00 GMT CN- GDP. Top economic indicator.


  • POTENTIAL PRICE RISK: HIGH Thu-- 08:30 GMT GB- Retail Sales. Top consumption indicator.


  • POTENTIAL PRICE RISK: Medium Thu-- 12:30 GMT US- Weekly Jobless. Employment Indicator.



John M. Bland, MBA
co-founding Partner, Global-View.com

EXCLUSIVE: Global-View Daily Trading Chart Points Updated

EXCLUSIVE: Global-View Free Forex Database updated




TRADER ADVOCACY ARTICLES

Trader's Advocate Articles..

pic

Retail Forex Brokerage Changing!

Are you looking for your first broker or do you need of a new one? There are more critical things to consider than you might have thought.

We were trading long before there were online brokers. Global-View has been directly involved with the industry since its infancy. We've seen everything and are up-to-data with recent regulatory changes.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools

 
Terms of Use    Disclaimer    Privacy Policy    Contact    Site Map


Forex Forum
Forex Trading Forum
Forex Forum + forex rates
Forex Forum Archives
Forex Forum RSS
Free Registration

Trading Forums
Currency Forum Guide
Forum Directory
Open Forum
Futures Forum
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

Online Forex Trading
Forex Trading Tools
Currency Trading Tools
Forex Database
FX Chart Points
Risk/Carry Trade Chart Points
Economic Calendar
Quicklinks to Economic Data
Currency Futures Swaps
Fibonacci Calculator
Currency Futures Calculator

Forex Education
Forex Learning Center
FX Trading Basics Course
Forex Trading Course
Forex Trading Handbook

Forex Analysis
Forex Forecasts
Interest Rate Forecasts
Central Bank Forecasts

FX Charts and Quotes
Live FX Rates
Live Global Market Quotes
Live Forex Charts
US Dollar Index Chart
Global Chart Gallery
Daily Market Tracker
Forex News
Forex Blog
Forex News
Forex Blog Archives
Forex News RSS
Forex Services
Forex Products
GVI Forex
Free Trials
FX Bookstore
FX Jobs and Careers
Jobs USA
Jobs UK
Jobs Canada

Forex Forum

The Global-View Forex Forum is the hub for currency trading on the web. Founded in 1996, it was the original forex forum and is still the place where forex traders around the globe come 24/7 looking for currency trading ideas, breaking forex news, fx trading rumors, fx flows and more. This is where you can find a full suite of forex trading tools, including a complete fx database, forex chart points, live currency rates, and live fx charts. In addition, there is a forex brokers directory where you can compare forex brokers. There is also a forex brokers hotline where you can ask for help choosing a forex broker that meets your individual fx trading needs. Interact on the same venue to discuss forex trading.

Forex News

The forex forum is where traders come to discuss the forex market. It is one of the few places where forex traders of all levels of experience, from novice to professionals, interact on the same venue to discuss forex trading. There is also the GVI Forex, which is a private subscription service where professional and experienced currency traders meet in a private forex forum. it is like a virtual forex trading room. This is open to forex traders of all levels of experience to view but only experienced currency tradingprofessionals can post.

Currency Trading

Currency trading charts are updated daily using the forex trading ranges posted in the Global-View forex database. You will also find technical indicators on the fx trading charts, e.g. moving averages for currencies such as the EURUSD. This is another forex trading tool provided by Global-View.com.

Forex Brokers

The forex database can be used to access high, low, close daily forex ranges for key currency pairs, such as the EURUSD, USDJPY, USDCHF, GBPUSD, USDCAD, AUD, NZD and major crosses, including EURJPY, EURGBP, EURCHF, GBPJPY, GBPCHF and CHFJPY. Data for these currency trading pairs dating back to January 1, 1999 can be downloaded to an Excel spreadsheet.

Forex Trading

Forex chart points are in a currency trading table that includes; latest fx tradinghigh-low-close range, Bollinger Bands, Fibonacci retracement levels, daily forex pivot points support and resistance levels, average daily forex range, MACD for the different currency trading pairs. You can look on the forex forum for updates when one of the fx trading tools is updated.

FX Trading

Global-View also offers a full fx trading chart gallery that includes fx pairs, such as the EURUSD, commodities, stocks and bonds. In a fx trading world where markets are integrated, the chart gallery is a valuable trading tool. Look for updates on the Forex Forum when the chart gallery is updated.

Forex Blog

Global-View.com also offers a forex blog, where articles of interest for currency trading are posted throughout the day. The forex blog articles come from outside sources, including forex brokers research as well as from the professionals at Global-View.com. This forex blog includes the Daily Forex View, Market Chatter and technical forex blog updates. In additional to its real time forex forum, there are also Member Forums available for more in depth forex trading discussions.

 

WARNING: FOREIGN EXCHANGE TRADING AND INVESTMENT IN DERIVATIVES CAN BE VERY SPECULATIVE AND MAY RESULT IN LOSSES AS WELL AS PROFITS. FOREIGN EXCHANGE AND DERIVATIVES TRADING IS NOT SUITABLE FOR MANY MEMBERS OF THE PUBLIC AND ONLY RISK CAPITAL SHOULD BE APPLIED. THE WEBSITE DOES NOT TAKE INTO ACCOUNT SPECIAL INVESTMENT GOALS, THE FINANCIAL SITUATION OR SPECIFIC REQUIREMENTS OF INDIVIDUAL USERS. YOU SHOULD CAREFULLY CONSIDER YOUR FINANCIAL SITUATION AND CONSULT YOUR FINANCIAL ADVISORS AS TO THE SUITABILITY TO YOUR SITUATION PRIOR TO MAKING ANY INVESTMENT OR ENTERING INTO ANY TRANSACTIONS.

Copyright ©1996-2014 Global-View. All Rights Reserved.
Hosting and Development by Blue 105