User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday December 14, 2007 - 11:50:56 GMT
Trade the News Staff - www.global-view.com/forex-services/TTN/

Share This Story:
| | Email

European Market Update: Euro-Zone CPI Breaks "Worrying" Level


· *** ECONOMIC DATA ***

· GE Nov Final CPI: M/M 0.5% v 0.4%e || Y/Y 3.1% v 3.0%e

· GE Nov Final CPI Harmonized: M/M 0.5% v 0.5%e || Y/Y 3.3% v 3.3%e

· FR Nov BOF Business Sentiment: 105 v 107e

· SP Nov CPI: M/M 0.7% v 0.7%e || Y/Y 4.1% v 4.1%e

· SP Nov Core CPI: M/M 0.5% v 0.5%e || 3.2% v 3. 2%e

· SP Nov Harmonized CPI: M/M 0.7% v 0.7%e || Y/Y 4.7% v 4. 7%

· SP Oct Current Account: -€8.7B v -€6.7B prior

· EU Nov CPI: M/M 0.5% v 0.5%e || Y/Y 3.1% v 3.0%e || Core Y/Y 1.9% v 2. 0%e

· *** SPEAKERS/COMMENTS ***

· BOF Cuts Q4 GDP forecast from 0.6% to 0.5%

· BOF Forecasts average FY07 growth of 1. 9%

· EU Juncker: Market turmoil to continue for the time being into 2008

· EU Juncker: The crisis will impact the European economy

· EU Juncker: Strong Euro impacts sectors differently

· BOE Lomax: Growth has been strong || Inflation has come down;

· BOE Lomax: Economy has only just started to slow down

· BOE Lomax: Cannot forecast mortgage rates

· BOE Lomax: BOE auctions have been received quite well

· BOE Lomax: Things are not as bad as they have been painted

· ECB Mersch: Stands ready to act to counter price risks

· ECB Mersch: It is important that inflation expectations remain anchored

· ECB Mersch: Growth risks are on the downside

· BOE Barker: Risks remain plentiful at this time

· BOE Barker: Weaker GBP good for manufacturing sector

· BOE Barker: Companies Still Optimistic Even with market turmoil

· BOE Barker: Economy is not returning to high inflation conditions

· BOE Barker: Public confidence in monetary policy remains strong

· BOE Barker: Manufacturing companies are doing quite well

· BOE Barker: There are a lot of risks at the moment

· GE BGA Group: Expects ECB to raise rates by up to 50bps from the summer of 2008

· GE BGA Group: Sees the Euro topping $1.50 in the longer term

· GE BGA Group: Cuts its 2008 export growth forecast from 8% to 5%

· GE BGA Group: Sees market turmoil and high Euro dampening exports

· IT Confindustria: Boosts 2007 Italian growth forecast from 1.7% to 1.8%

· IT Confindustria: Cuts 2008 Italian growth forecast from 1.3% to 1.0%

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

· On the commodity front crude oil futures are trading higher in the session. The IEA released its monthly repot overnight, in which it cut its 2007 OPEC demand forecast by 100K bpd, and boosted its 2008 forecast by 100K bpd. The IEA also said that $90/barrel oil means that the market is still on edge for the winter period, but noted that winter oil supply prospects have clearly improved. Elsewhere Goldman Sachs raised its view on the US refiners from a neutral rating to attractive.

· There were a lot of comments overnight. Most of the commentary from the ECB's Mersch was in line with the recent ECB rhetoric. Mersch reinforced the ECB's 'ready to act if risks materialize' attitude. Comments from the BOE's Lomax were somewhat dovish noting that a slowdown in growth has only began to set in, however Lomax also highlighted once again that we are in a period of uncertainty. The BOE's Barker said overnight that risks remain, but added that the economy is not returning to an inflationary environment. Elsewhere the German based BGA Exporters Group forecasted that the Euro above $1.50 in the long-term, and also forecasted that the ECB would raise rates by up to 50bps from the summer of 2008. The BGA forecast is interesting in light of other forecasts this week. Recall the disparity between the IFO and IFW research groups in Germany: the IFO forecasted a 25bps cut in 2H of 2008, while the IFW forecasted the ECB on hold through 2009.

· The session was light on the data front overnight. Notably the y/y reading on German and Euro-Zone CPI releases were above 3.0%, which has been cited as a “worrying level” by some central bank officials. Spanish CPI data was on the mark, while French business sentiment declined, but remained within its recent range.

· Fixed income futures are trading lower in the session as inflation data in Europe seems to be worsening. Market participants speculate that perhaps the ECB will have to take action despite the current market uncertainty. Next week will be a quiet week in terms of treasury action as there is no new supply scheduled in the Euro-Zone or the UK, and redemptions run thin as well.

· On the currency front the USD continues to exhibit some broad based strength, hitting fresh six-week highs against both the Euro and the Franc. German inflation data failed to curb Dollar momentum, while the usual sovereign Euro-buyers have yet to be seen on the current dip in price action. The stronger Dollar has been complimented by weaker gold, while commodity related pairs softer due to lower metal prices, ignoring the rather contained rally in oil prices.

 

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 23 October 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:

Tue 24 Oct
All Day flash PMIs
Wed 25 Oct
01:30 AU- CPI
08:00 DE- IFO Survey
08:30 GB- GDP
14:00 CA- BOC Decision
14:30 US- EIA Crude
Thu 26 Oct
11:45 EZ- ECB Decision
12:30 US- Weekly Jobless
14:00 US- Pending Homes Sales
Fri 27 Oct
12:30 US- GDP
14:00 US- final Univ of Michigan

Forex Trading Outlook


Potential Trading Opportunities


  • POTENTIAL PRICE RISK: Medium Tue-- All Day Global flash PMIs. First good look at October economic performances.



  • POTENTIAL PRICE RISK: HIGH Wed-- 01:30 GMT AU- CPI. Top Inflation indicator.

  • POTENTIAL PRICE RISK: HIGH Wed-- 08:00 GMT DE- IFO Survey. Top German indicator.


  • POTENTIAL PRICE RISK: HIGH Wed-- 14:00 GMT CA- BOC Decision. No Policy Change Expected.


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



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