-Equities: Santander [SAN.SP]
Announced a capital increase. To issue 1.6B new shares (ÔéČ7B) to increase firm's
core capital ratio to 7% from 6.3% prior ||HSBC [HSBA.UK] Provided an interim
management report. It noted that Q3 US Consumer bad loans were $4.3B above
analysts estimates of $3.7B. However it stated that it saw Q3 pre-tax profit
above 2007 levels and a Tier 1 capital ratio 8.9% ||Syngentia [SYNN.SZ]
Acquired Argentine Seeds Company; financial terms not disclosed || Bilfinger
Berger [GBF.GE] Reported Q3 net ÔéČ54M versus ÔéČ51M estimates. The company
reaffirmed its FY08 Net guidance of ÔéČ185M compared to consensus estimates of
ÔéČ164.4M. || Allianze [ALV.GE] Reported on Friday (after the close) its Q3 Net
income ÔéČ545M v ÔéČ782Me, operating profit ÔéČ1.81B, RÔéČ21.1B v ÔéČ19.2Be. Its CFO
stated that it could see a Q4 ÔéČ1.0B in writedown if equity markets do not
recover by end of year and added that it would not use German government rescue
plan || cable & Wireless [CW.UK] Reported H1 Pretax profit ┬ú129M versus
estimates of ┬ú149M. Revenues were ┬ú1.6B in line with forecasts of ┬ú1.64Be.
Company guided FY08/09 EBITDA ┬ú780M v ┬ú738.3Me and noted that it would increase
its interim dividend by 13% to 2.83 pence/shr. || Dignity [DTY.UK] Reported
9-month Op profit (ex items) of ┬ú40.1M compared to year-ago levels of ┬ú36.3M
and revenues of ┬ú130.7M versus ┬ú119.2M y/y. The co. said that the Group was
performing well and was in line with expectations for the full year. || CG
Veritas [GA.FR} made a $310M offer for Norway's
Wavefield Inseis in an all stock deal. CG Veritas offered 1 share for 7
Wavefield shares || C&C Group [CCR.UK] Appointed John
Dunsmore as CEO || Xstrata [XTA.UK] Anounced suspension of 6 ferrochrome
furnaces at S. Africa jv until further notice. The suspension
would result in reduction Ferrochrome production by 80K tones ||
- Speakers: ECB's Trichet noted that the Central Bank was not changing monetary
policy mandate and reiterated that inflation remained top priority. He added
that emerging economies remained resilient || ECB's Nowotny: Data suggests that
USD strength should subside and added that no risk of deflation is foreseen
within the Euro zone. He did not expect significant changes in Euro/Swiss
Francs exchange ratio || EU's Juncker: Reiterated his view that the global
economic situation remained serious and will continue || The head of IG Metall
signaled that the union may seek a compromise with companies || Polish Central
banker noted that its Interest rate policy would be adjusted to slowing
economic growth || Morgan Stanley analyst cut its 2009 China GDP view to 7.5%
from 8.2% prior ||
- In Currencies: The USD was mixed against the majors in a quiet European
morning. For the most part dealers are eyeing the recent consolidation range in
EUR/USD pair with 1.2700 viewed as critical hourly support and 1.3000 at
resistance since late Oct. ECB's Nowotny noted that the data suggested that USD
strength should subside. Carry-related crosses were firmer aided by the Chinese
stimulus package announcement. A degree of risk appetite emerged. EUR/JPY up 60
pips at 127.60 and EUR/CHF up 30 pips at 1.5100. Commodity prices were firmer
in the session with oil up around $3/barrel and Copper firmer by 12.5 cents in
its dec contract. Thus CAD and AUD were firmer as a result of the higher energy
and basic material metals. Dealers are already starting to speculate what would
come out of the G20 meeting this coming weekend. The markets could be
disappointed if no coordinated economic stimulus plan is announced.
- Fixed Income: Yield yield in Both Europe and US flattened on the back of
increase appetite in risk following the Chinese stimulus package. US
2-year note at 1.38% wtht the 10-year yield at 3.83%; The German 2-year Schatz
yielding 2.47% compared to 3.73% in the 10-year bund. lastly in the UK
the 2-year note yielding 2.54% and the 10-year Gilt at 4.23%.
- Energy: Shanghai raised the price of natural gas for household use by 19% to
CNY2.5/cub meter, effective today || Total [FP.FR] TOT: Reportedly decided to
go ahead with large China gas project along with PetroChin Cos. are close to
giving the go-ahead to develop a major natural gas block in northwestern China,
after exploration and evaluation lasting two and a half years.
- Credit Crisis: London Times
reported that banks are seeking to ban businesses from borrowing on an
overnight basis in a move to limit default risks. The banks have been creating
secret ÔÇťblack-listsÔÇŁ to ban businesses from overnight borrowing and these lists
contain hundreds of clients. The companies on the list could include
international trading and commodities companies. || UAE Central Bank Gov noted
that the global economic crisis was now impacting the Emirates and that the
country would do everything to avoid a prolong contraction during crisis.
However, he added that did not see the crisis impacting GCC monetary union.
Some renewed risk appetite returned fueled by the announcement of a China
stimulus package characterized the European session. This helped the Asian
stock markets to close broadly higher. The China
package would focus on its infrastructure and would take time to implement.
Dealers noting that perhaps the recent phase of deleveraging and liquidations
has ceased but the continued release of poor economic data to continue The
Australian central bank (RBA) signaled that more interest rate cuts are likely
after lowering their GDP and inflation outlook. The emerging markets continue
to be of focus for any potential domino effect. Latvia's
Parex Banka, the largest independent Baltic bank, had been taken over by the
Latvian govt taking 51% stake after panicking clients withdrew 60M lats ($109M)
in deposits . Thus FX markets taking note of the pressure building for Russian
currency devaluation. Lastly, the G20 finance ministers noted that the likely
results of its upcoming weekend summit would be more regulation in the
- (CA) Canadian Oct Housing
Starts. Consensus expectations are 200k ; The prior number was 217.6k
- (CA) Canadian Sept New Housing
Price. Consensus expectations are -0.1%; The prior number was 0.0%
- 9:30 (EU) ECB Chairman Jean Claude Trichet speaks in Brazil.
- 10:00 (US)
Treasury's Kaskari speaks in New York
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.
Tue 19 June 2018 A 12:30 US- House Permits/Starts Wed 20 June 2018 A 14:00 US- Existing Homes Sales A 14:30 US- EIA Crude Thu 21 June 2018 AA 11:00 GB- Bank of England Decision A 12:30 US- Weekly Jobless Fri 22 June 2018 AFlash PMIs
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.