- Novartis [NOVN.SZ] Awarded FDA priority review for kidney cancer drug RAD001
|| Hermes [RMS.FR] Seeks to open 3 to 4 new stores in China annually during the
next three years - Exec || Tullow Oil [TLW.UK] Announced oil discovery at
Kigogole-1 exploration well in the Butiaba region of Block 2, Uganda ||
Vendanta resources [VED.UK] Confirmed press speculation that it would simplify
group structure into three commodity focused group; Company also announced that
it would invest $9.8B to boost fully integrated aluminum smelting capacity to
approx 2.6 mtpa by 2016 || Qinetiq [QQ.UK] UK govt will sell 18.9% stake in
company || Origin Energy [ORG.AU] BG Group [BG.UK] stated it would not extend its takeover bid
for Origin Energy nor raise the offer price || Oxford Biomedical [OXB.UK]
Announced promising interim results from the Phase I/II trial of its novel gene
therapy, ProSavin, for the treatment of Parkinson's disease. || Conergy
[CGY.GE] solds its Wind unit to Warburg Pincus, noting Sale would result in a one time gain of
approximately â‚¬35M from discontinued operations. || Siemens [SIE.GE] awarded
contract to supply 500 wind turbines for E.On. Turbines to be installed in
2010-2011 will have an output of 1,150 MW. || Bayer [BAY. GE] Session strength
attributed to chatter of a possible takeover bid with Pfizer mentioned as a
- In speakers : EU's Almunia reiterated that signs of second round effects of
inflation are surfacing, but added that perhaps inflation peaked at 3.8% in
August. He Added that the recent inflation spike has lowered GDP outlook.
Almunia noted that calls for wage-inflation linked deals to end. Almunia noted
that ECB was doing a good job despite difficult conditions, but saw little
signs of improvement in financial market turmoil.
- IMF's Lipsky stated in a German speech that the Global economic slowdown
would likely deepen in H2 of the year, which could help to contain inflation.
He noted that the situation is the most difficult in years. Given the current
environment, the FED, ECB and BOJ can afford to hold interest rates steady.
Interms of growth, consumption in the US faced strong headwinds and strong but
slowing economic momentum in the emerging market economies.
- India Chief Gov Statistician stated that it
saw double digit inflation by the end of 2008 but added that it expected
inflation to decline during 2009.
- Spanish Finance Minister commented that the Spanish economy could worsen
further in coming quarters and the risk of recession remains. However he saw
potential that the economy could bottom out in 2009 and back head back towards
its potential growth in 2010. He noted that inflation continues to remain at
high levels but would likely decline in 2009
- (TH) Thailand court rules PM Samak violated the constitution and must resign
- Energy: Saudi Arabia Oil Min Naimi noted that his country has been working
hard since June to raise its production output to help bring prices to current
levels. Saudi reiterated that the market remains adequately well balanced. OPEC
President Khelil stated that there was no need for production cuts at this time
and noted that prices would continue to decline even if OPEC cut supply. The
Iranian OPEC Gov says some OPEC Members see the need for quota adherence. A Libya says general mood in OPEC focuses
towards enforcing compliance, not a cut in output ceiling. Libya stated that the world could cope with
oil at $100 per barrel. The NationalHurricaneCenter noted that Hurricane Ike was weakening
and currently a category 1 storm. Ike was Expected to be in the South-Eastern
Gulf of Mexico on Wednesday.
- In fixed-income: (BE) Belgium Debt Chief stated that the remaining 2008
financial needs seen around â‚¬3.4B || German set a 4% coupon on new 2-year issue
to be sold on Wed and sought ; seeks bids on â‚¬8.0B || (UK) Jul Mortgage lending
dropped 54% y/y according to the Commission Mortgage Lenders || (NE) the Dutch
sold â‚¬2.1B in 4% 2018 bonds; with an avg yield 4.313%; (UK) BoE stated that UK
Mortgage interest rates fell during the month of August. || ECB alloted â‚¬176.B
in 7-Day Main Refi Operations v â‚¬156.5B benchmark; marginal rate at 4.39%
- In currencies, the USD saw its earlier gains achieved in Asia erode throughout the European morning.
Chatter of Asian central banks returning to divest some USD holdings and
European M&A rumors prompted the greenback to encounter a bit of
profit-taking. Firmer equity market helped the carry- related pairs move off
their Asian session lows.
Â·*** NOTES ***
- European equities continued their post GSE bailout rally aided by lower oil
prices following remarks from a Saudi official ahead of the opening September
OPEC policy meeting. The OPEC President Khelil also stressed that there was no
need for production cuts and that prices will continue to decline even if OPEC
cut supply. The economic releases continued to suggest the clouds on the
economic horizon as UK production data was below expectations
and comments from the IMF, EU's Alumia and the Spanish finance minister Solbes
throughout the morning. The financial market turmoil remains on the front
burner evident by recent high profile analyst comments which ebbed away at EPS
estimates as highlighted by Oppenheimer's Whitney and Ladenburg's Bove. Lastly,
potential EUR 60B M&A chatter of Germany's BAY.GE from a potential US
acquirer was an excuse for the EUR/USD to move off fresh 11 month lows
Looking ahead for the NY session
8:15 (CA) Aug Housing Starts: K v 191.0Ke
10:00 (US) Jul Wholesale Inventories: % v 0.7%e
10:00 (US) Jul M/M: % v -1. 5%ePending Home sales
(US) Sept IBD/TIPP Economic Optimisim: v 44.0e
(MX) Aug Consumer Prices M/M: % v 0.56%e; Y/Y: % v 5. 55%e; CPI Core M/M: % v
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
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
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."
Actionable trading levels delivered to YOUR charts in real-time.
Mon 9 July 2018 AA 12:00 EZ- Draghi EU Parliament Testimony Tue 10 July 2018 AA 08:30 GB- Ind/Prod Output, Trade AA 09:00 DE- ZEW Survey Wed 11 July 2018 A 12:30 US- PPI A 14:00 CA- Bank Of Canada Decision A 14:30 US- EIA Crude Thu 12 July 2018 AA 12:30 US- CPI Fri 13 July 2018 A 14:00 US- Prelim University of Michigan
John M. Bland, MBA co-founding Partner, Global-View.com
Global-View Affiliate Program
We are starting an affiliate program to market some of our products.
Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.
Put the word "affiliate" in the email subject line.
Veteran FX Trader, Max McKegg, forecasts all the Major currencies and the Australasians; providing Daily and Medium Term Trading forecasts to subscribers, who include large Banks the world over, as well as individual traders in more than 30 different countries.
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.
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.
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 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.
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 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.
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.
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.