User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday September 5, 2008 - 11:31:38 GMT
Trade the News Staff - www.global-view.com/forex-services/TTN/

Share This Story:
| | Email

Foirex Blog - European Market Update: Markets cast thier vote as to the ECB "single compass" mandate

***Data***


- (FR) July Central Govt. Balance: -51.4B v -€33.

- (SP) July Industrial Output WDA Y/Y: -4.4% v -6.5%e; NSA Y/Y: - 3.0% v -9.7% prior

- (SW) August Budget Balance: SEK0.0B (Flat) v SEK51.5B prior

- (IT) June Trade Balance (Total): -1.0B -€1.0Be, Trade balance EU: 1.3B v 1.69B prior

- (NO) July Industrial Production: M/M 1.2% v -0.7% prior; Y/Y 1.9% v 5.9% prior

- (NO) July Industrial Prod Manufacturing: M/M 0.1% v -0.2%e 3.7% v 4.0%e

- (GE) Jul Industrial Production M/M -1.8% v 0.8%e; Y/Y -0.6% v -0.5%e

- (RU) Russian Aug CPI M/M: 0.4% v 0.2%e, Y/Y: 15.0% v 14.9%e, YTD: 9.7% v 9.6%e

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

- GDF Suez [GSZ.FR] announced that it in exclusive talks with Nam regarding Dutch Continental shelf assets in a deal potentially valued €1.07B || J.D. Wetherspoon [JDW.UK] Reported FY Net £35.2M compared to £46. 8M y/y, Rev 907.5M v €888.5M y/y, Company Remained confident of achieving its FY targets. || Bombardier [BBDB.GE] was awarded an order from Danish State Railways valued at $118M, with a foreseeable option of 30 additional trains.

- ECB Trichet stated that the central bank only ever signals interest rate actions a month ahead of time if warranted. Trichet noted that recent correction of prior market excesses are welcome, even though painful. Trichit reiterated that the ECB never recommits to the interest rate path and will do what is necessary for price stability

- ECB's Stark also reiterated that price stability mandate is clear and the top prioty for the ECB. Strak noted that the past year was the most challenging in the banks 10-year history. Stark added that commodity price shocks threaten to unhinge inflation expectations and that the July rate hike was a clear signal for wage setters. Stark noted that 3Q Euro-Zone Economic growth "Very Likely" Weak and that inflation Will clearly ease in months ahead.

- ECB's Nowotny (replaced Leibscher) stated there is a strong chance that inflation has peaked and that wage demands should consider the CPI peak. He added that the ECB has no target for currency exchange rates.

- Russian Central Bank stated that there are no plans to widen the Ruble trading band over next few months and that the recent RUB decline is not critical; He added that the Central Bank will increase amount available at daily repos auction.Russia Central Bank Deputy Chairman Yukayev stated that he Expected zero inflation in September. He added that
Russia is likely to see no capital inflows during September (YTD capital inflows at $24.5B).

- (JP) Japan Fin Ministry stated that Japan may sell new construction bonds worth ¥500M

- In Energy: EU Commissioner Piebalgs: OPEC output cut would be a wrong step; ECB Trichet says that it is unclear if inverted oil futures curve is due to risk premium or spot price outlook. Goldman Sach oil analyst maintained his Q4 and 2009 price target for WTI at $130 and $140 per barrel respectively. The analyst did note that short term factors could send oil below $100 per barrel.

- In the papers: The NY Times article suggested that Main Bank of China is in Need of Capital after a seven year buying spree of around $1 trillion worth of Treasury bonds and mortgage-backed debt issued. The article noted that these investments have been declining sharply in value when converted from dollars into the strong CNY, casting a spotlight on the central bank's tiny capital base. The bank's capital, just $3.2 billion, has not grown during the buying spree, despite private warnings from the IMF



·*** NOTES ***

- the session was marked by some volatility price movements. The current them of softer equities, lower commodities and stronger USD continued into the European session. Risk aversion fears continue to mount. Gold Sachs downgrading of Merrill Lynch [MER} and its additions to the “Conviction Buy List” added to concerns over the financial sector.

Dealers noting that comments from various ECB member touted the price stability mandate and that inflation remains a concern.

European equity markets were off almost 2% at one point added by the usual concerns of “hedge fund liquidations”. Thus the market has voted on what it thinks of the single needle compass of the ECB and implying that the central bank should expand the mandate. Dealers will focus on the
US payroll data later today.

- Looking ahead at the rest of the session:

7:00 (CA) Aug Net Change in Employment expected at 10.0K v -55.2K prior

7:00 (CA) Aug Unemployment rate expected at 6.2% v 6.1% prior

8:30 (US) Aug Change in Nonfarm Payroll expected at -75K v -51K prior

8:30 (US) Aug Unemployment Rate: expected at 5. 7% v 5.7% prior

8:30 (US) Aug Change in manufact payrolls expected at -35K v -35K prior

8:30 (US) Aug Avg Hourly earnings MoM expected at 0.3% v 0.3% prior

8:30 (US) Aug Avg Weekly Hours MoM expected at 33.6 v 33.6 prior

10:00 (CA) Aug Ivey Purchasing Managers Index expected at 61.8 v 65.5 prior

10:00 (US) Q2 Mortgage Delinquencies: No estimate v 6.35% prior

 

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 15 December 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:

Thu 14 Dec
23:50 JP- Tankan Survey

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: HIGH-Medium- Thu --23:50-- JP- Tankan Survey
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