- In equities, Toyota [TM] reported Q2 Net Â¥139.8B below estimates of Â¥276.6B
with , Revenues of Â¥5.98T compared to forecasts of Â¥5.81T. Toyota
lowered its FY net forecast to Â¥550B from Â¥1.25T prior view and cuts F its FY08
global vehicle sales est to 8.24M from 8.74M prior view. || InBev [INB.BE]
Reported Q3 Net â‚¬447B below consensus estimates of â‚¬541Me. It revenues were in
line at â‚¬3.95B versus â‚¬3.94B estimates. Q3 total sales growth was 1.9%. The
company expected prices to grow at the slower pace and noted that derivatives
use had not been excessive and market volatility had limited impact on
liquidity || Axa [CS.FR] Reported 9 month Rev of â‚¬69.5B versus â‚¬68.9B estimates
|| KBC [KBC.BE] Reported Q3 Net loss â‚¬906M v loss â‚¬910Me || Deutsche telecom
[DTE.GE] Reports Q3 Net â‚¬895M v â‚¬899Me, Rev â‚¬15.45B v â‚¬15.42Be; backs 2009
outlook targets. T-Mobile Int. Q3 EBITDA â‚¬3.03 v â‚¬2.93Be, Rev â‚¬9.03B v â‚¬9.06Be.
The company saw 2008 free cash flow at â‚¬6.6B || Altana [ALT.GE] Reported Q3 Net
â‚¬32.4M in line with estimates of â‚¬32.3M., Revenues were â‚¬350.7M versus â‚¬351.7M
estimates; Skion offered â‚¬13/shr to acquire remainder of company || Adidas
[ADS.GE] Reported Q3 Net â‚¬302M compared to â‚¬321M estimates. Rev â‚¬3.08B v
â‚¬3.05Be. The company withdraws its FY09 guidance citing 'uncertain economy' ||
Aegon [AGN.NV] Reported Q3 Underlying EBIT â‚¬500M (Mainly affected by lower
equity markets and mortality experience ), Net -â‚¬329M v -â‚¬116.7Me || Tomkins
[TOMK.UK: Guided FY08 toward lower end of prior expectations due to
deteriorating market conditions || Tate & Lyle [TATE.UK] Reported H1 Net
Â£64M below estimates of Â£83.5Me, however, revenues of Â£1.70B were above
consensus of Â£1.44B estimates. It stated that that food and industrial
ingredients continue to perform well. Sugar markets continued to remain
volatile, expects improvements in H2 || Bovis Homes [BVS.UK] Provided interim
management report in which it stated that FY08 results remained in line with
expectations || Royal Sun [RSA.UK] Reported Q3 Net Written Premiums Â£4.9B ,
+11% y/y || Vodapone [VOD.UK] To purchase additional 15% stake in Vodacom
(private South African company) for approx Â£1.4B from Telkom. Vodapne would
increases its stake to 65% from 50% prior. The transaction is expected to be
enhancing to adjusted earnings per share from the first year post acquisition
excluding the impact of intangible asset amortization.
- In speakers overnight, French Finance Minister Lagarde stated that France
lowered its 2009 growth forecast to range of 0.2 to 0.5% from 1.0% prior view,
Cuts inflation forecast for 2009 to 1.5% from 2% prior Hungarian Fin Min Veres:
Expects to reach final EU loan agreement next week ||Hungarian Fin Min Veres:
Expects to reach final EU loan agreement next week.
- In Currencies: The USD maintained its recent 24 hour range against the
European pairs ahead of the European interest rate decisions.
- Fixed Income: Strong bid-to-cover in the French OAT auction prompted some
rotation out of equities into bonds ahead of the NY morning. France sold â‚¬1.22B
4% 2014's, avg yield 3.52%, bid-to-cover 2.37x; sold â‚¬2.49B 4% 2018's, avg
yield 4.18%, bid-to-cover 1.58x; sold â‚¬1.51B 4.25% 2018's avg yield 4.28%,
bid-to-cover 3.06x and sold â‚¬750M 4% 2038's, avg yield 4.62%, bid-to-cover
- Energy: IEA World Energy Outlook Report: Expected global oil demand to reach
106M bpd, down 10M BPD from prio view. It did
note that oil price could exceed $200 by 2030. It noted that $26 Trillion is
need for energy investments through 2030; up $4T from prior report || BP
[BP.UK] To end its planned wind power projects in India,
China and Turkey;
to focus efforts on US
onshore generation. Plans to have 1 gigawatt of wind power in US by end 2008
and increase it to 3 gigawatt over the next few years
- Credit Crisis: China PBoC Gov and Finance Minister to attend G-20 financial
summit on Nov 15th in Washington DC || Vice Fin Min Sugimoto: G20 will consider
methods through which it can 'beef up' the financial system ||
- Global equity markets did not share the enthusiasm of Barak Obama's victory
in the US Presidential election as the markets focus the real issues concerning
the global economic outlook and resolution of the global credit crunch and
financial market crisis. The news continues to be subdued on the corp earnings
front, economic data and consumer sentiment. Dealers and traders noting the
Cisco guidance after yesterday's close, Toyoda lowering of its global sales
forecast. The Monster Employment Index fell to 150 versus 160, which is down
20% from year ago levels. Russia's
PMI Russia Service Oct PMI falls to 47.4 from 55.5 in Sept. lastly Morgan
Stanley analyst cuts its outlook for Goldman Sachs and raised outlook for GS
- The focus in the NY morning will be on the European interest rate decisions.
BOE is expected to cut its rates by 50bps to 4.00%. There are some banks and
former BOE members suggesting even more aggressive action by the MPC. The ECB
is also expected to cut by 50bps to 3.25%.
- Looking Ahead:
- (GE) German Sept Factory
Orders M/M: % v -2.3%e; Y/Y: % v -3.2%
BoE Interest Rate Decision. Consensus expectations are for a 50bps cut. Current
base rate is 4.50%
- 7:45 (EU) ECB Interest Rate Decision. Consensus expectations are a 50bps cut.
Current base rate is 3.25%
- 8:30 (CA) Canadian Sept Building Permits. Consensus expectations are -1.0% ;
The prior number was -13.5%
- (US) Q3 Preliminary Non-farm
Productivity. Consensus expectations are 0.7%; The prior number was 4.3%
- 8:30 (US) Q3
Preliminary Unit Labor Costs. Consensus expectations are 3.0% ; The prior
number was -0.5%
- (US) Initial Jobless Claims
w/e Nov 1. Consensus expectations are 477k ; The prior number was 479k
- (US) Continuing Claims w/e Oct
25. Consensus expectations are 3.743M ; The prior number was 3.715M
- (CA) Canadian Oct Ivey
Purchasing Managers Index. Consensus expectations are 55.0 ; The prior number
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."
Elevate Your Trading With The Amazing Trader!
The Amazing Trader includes:
Actionable trading levels delivered to YOUR charts in real-time.
Mon 26 Feb 2018 A 15:00 US- New Homes Sales Tue 27 Feb 2018 A 08:55 DE- Jobless B 13:30 US- Durable Goods A 15:00 US- CB Consumer Confidence A 15:00 US- Pending Homes Sales AA 15:00 US- Powell House Testimony Wed 28 Feb 2018 A 10:00 EZ- flash HICP AA 13:30 US- GDP A 15:30 US- EIA Crude Thu 1 Mar 2018 A All Day final Mfg PMIs A 13:30 US- Weekly Jobless AA 13:30 US- Core PCE Deflator AA 15:00 US- Powell Senate Testimony A 15:30 US- EIA Crude Fri 2 Mar 2018 AA 15:00 US- final Univ of Mich
John M. Bland, MBA co-founding Partner, Global-View.com
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.