User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday September 2, 2008 - 10:52:50 GMT
Trade the News Staff - www.global-view.com/forex-services/TTN/

Share This Story:
| | Email

Forex Blog - European Market Update - Oil continues its fall as early signs point that US Gulf Oil facilities have avoided big damage

.***Data***


- (SZ) August CPI: M/M -0.3% v -0. 1%e; Y/Y 2.9% v 3.1%e;

- (SZ) GDP 2Q QoQ: 0.4% 0.2%e; YoY: 2.3% v 2.4%e;

- (SP) August Unemployment MoM: 103.1K v 96.8Ke;

- (NO) August Norway PMI SA: 48.4 v 50.3e

- (UK) August PMI Construction: 40.5 v 36.0e

- (GE) German August new car registrations Y/Y -10.4%; YTD +1.7% - VDIK Auto Association

- (EU) July Euro-Zone PPI: M/M 1.1% v 1.2%e; Y/Y 9.0% v 9.1%e;

- (SA) SAGB sells ZAR500M in R207 30-Year Bonds; Bid-to-Cover 4.42x; Yield 9. 16%

- (UK) Sells £2.25B in 40-year Gilts, bid-to-cover 1.73x v 1.60x prior, yield 4.25%

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

- Bayer [BAY.GE] Submitted Recombinant Human Thrombin For EU Approval forused as a topical aid to control surgical bleeding.

- Alcatel-Lucent [ALU.FR] Confirmed press speculation: Names Philippe Camus Non-Executive Chairman and Ben Verwaayen CEO.

- Deutsche Borse [DB1. GE] was firmer in the session after holders TCI and Atticus noted that they will cooperate to explore options on company, which may include board changes

- Glaxo [GSK.UK] stated that Darapladib failed to improve the quality of plaque in mid-stage clinical trial

- BOJ's Shirkawa noted that the rise in core CPI likely to slow in 2009. Noted that he still sees uncertainty in Japanese economy and added that US economy likely to remain subdued in H2 of 2008

- German Fin Min Steinbrueck stated that China is concerned about US economic slowdown and financial market turmoil; German official noted that China remains keen on diversifying its FX reserves with the US Dollar remaining a key focus

- UK Treasury raised stamp duty threshold on house purchases to £175K from £125K, effective Sept 3rd.

- OECD stated that the Fed and BoJ interest rate policies are appropriate, sees possible BoE interest rate cut; supports ECB "no bias" policy stance at this time. The OECD raised its 2008 GDP forecast for the
US to 1.8% from 1.2% prior view and lowered each of the European GDP outlook.

- (
PD) Poland Central Banker Filar stated that Polish Inflation should slow down to 4.7% in October. He added that the central bank should raise interest rates laterthis month

- Thai Central Bank confirmed FX market intervention to support Thai Baht

- Australian Central Bank lowered interest rates for the first time in 7 years by 25bps to 7.00%.

- In energy: Hurricane Hanna becomes a Category 1 storm, little change in strength seen over the next 24 hours. NYMEX front month crude continues to fall as Gustav failed to inflict severe damage to oil operation in the
Gulf of Mexico. IEA stated that early signs point US Gulf Oil facilities have avoided big damage. An OPEC Delegate stated that oil prices remain high even at $109 per barrel level. The unnamed delegate noted that members are considering a rollover at next week OPEC meeting. The National Hurricane Center (NHC) noted that Tropical depression #10 formed in the Atlantic

-

·*** NOTES ***

The USD continued to benefit from the lower oil prices as Hurrican Gustav failed to severely damage the Gulf oil facilities. Front month crude tested below the $106 level before retracing. The front month futures contract opened above $117 on Sunday night. Gold following energy prices lower but lagging in terms of descent. Spot gold holding above the $800 per oz level. EUR/USD dropped below its former synthetic highs of 1.4577 made back in Sept 1992. Dealers taking notice of developments on the Asian front. The Japanese PM resigned on Monday. Thai govt announced a state of emergency. Various regional Central banks (
Thailand, Malaysia, Indonesia) are performing currency interventions. In Europe the Spain unemployment was up 10% since July is highlighting the concern on the economic front. Number of unemployed increased by 103k workers. labor ministry follows up by saying they see registered jobless continuing to rise going forward, economic stagnation is intensifying, and Spain faces very negative scenario.

 

Legal disclaimer and risk disclosure

All information provided by Trade The News (a product of Trade The News, Inc. "referred to as TTN hereafter") is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to Buy or Sell securities. Although information is taken from sources deemed reliable, no guarantees or assurances can be made to the accuracy of any information provided. 1. Information can be inaccurate and/or incomplete 2. Information can be mistakenly re-released or be delayed, 3. Information may be incorrect, misread, misinterpreted or misunderstood 4. Human error is a business risk you are willing to assume 5. Technology can crash or be interrupted without notice 6. Trading decisions are the responsibility of traders, not those providing additional information. Trade The News is not liable (financial and/or non-financial) for any losses that may arise from any information provided by TTN. Trading securities involves a high degree of risk, and financial losses can and do occur on a regular basis and are part of the risk of trading and investing.

 

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 December 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:

Mon 18 Dec
10:00 EZ- final HICP
Tue 19 Dec
09:00 DE- IFO Survey
13:30 US- Housing Starts/Permits
13:30 US- Current Account
Wed 20 Dec
15:00 US- Existing Homes Sales
15:30 US- EIA Crude
Thu 21 Dec
03:00 JP- BOJ Decision
13:30 CA- CPI & Retail Sales
13:30 US Weely Jobless
13:30 US- GDP
Fri 22 Dec
09:30 US- GB- GDP
13:30 US- core PCE Deflator & Presonal Income
15:00 US- New Homes Sales
15:00 US- final University of Michigan
17:00 US- early Closes
Mon 25 Dec
00:00 Christmas Holidays

Forex Trading Outlook


Potential Trading Opportunities

  • POTENTIAL PRICE RISK: Medium Mon--10:00 GMT-- EZ- final November HICP. flash data are rarely changed.


  • POTENTIAL PRICE RISK: HIGH- Medium Tue --09:00 GMT-- DE- IFO Survey. Key report but usually not a market-mover
  • POTENTIAL PRICE RISK: HIGH- Medium- Tue --13:30 GMT-- US- Housing Starts and Permits. Leading indicators of activity

  • POTENTIAL PRICE RISK: HIGH-Medium- Wed --15:00-- US- Existing Homes Sales. Top Housing statistic
  • POTENTIAL PRICE RISK: Medium- Wed --15:30-- US- EIA Crude

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