Novartis [NOVN.SZ] Announced Plans for EU filing of Rasilez, Diovan
Combo in 2009, US filing by end of 2008 || Experian [EXPN.UK] Reported
H1 Net $258M v $225M y/y, EBIT $476M v $463Me, Rev $2.02B v $1.79B y/y.
Targets are broadly maintaining margins and profit growth and was well
placed to grow through economic cycle || Scania [SCVA.SW] Signed accord
with Iraqi Gov't for planned vehicle production of trucks and buses. It
Expected production to begin in Q3 of 2009 || DSM [DSM.NV] To sell DSM
Deretil in management buyout; financial details not disclosed. || Amlin
[AML.UK] Provided an interim management report and noted that its
trading outlook was now "in marked contrast" versus 3 months ago . It
put hurricane losses at $20-25B and noted that it expected demand for
reinsurance to rise || Party Gaming [PRTY.UK] Reported Q3 Rev $117.7M.
Noted that talks with Department of Justice are continuing and
confident that its FY EBITDA would be in line with estimates ||
AstraZeneca [AZN.UK] Stated that its Phase III Zactima Zodiac and Zeal
studies show advantages for Vandentanib in combination with
chemotherapy in patients with lung cancer || Dana Petroleum [DNX.UK]
Reported FY08 production +30% y/y with Production will be 39-40K BOEPD
in FY2008 || Teva [TEVA] Received first US approval for Pulmicort
Respules generic; commences commercial launch || Barclays [BARC.UK]
Concessions to investors will fail to repress shareholder revolt - FT
According to the report , measures announced yesterday including
offering existing investors the opportunity to invest in Â£500M of
preferred securities with 14% annual interest until 2019 (originally
offered to Gulf investors), and waiving of executive bonuses, have
failed to quell shareholder's concerns || SIG [SHI.UK] Provides interim
report: Cutting 900 jobs and closing 65 trading stations, sees FY
results at the lower end of prior guidance. || Imperial Energy [IEC.UK]
Announces progress at Kiev-Eganskoye reserve; conditions for ONGC share
offer satisfied. 18 new wells expected to be on-stream by end of Jan
2009. || Solarworld [SWV.GE] Reportedly Solar World has offered to buy
4 Opel plants in Germany
- Speakers: ECB Trichet: World is in
a difficult period and that global financial system has "a lot of
defects". The crisis will take time to resolve and a joint effort is
needed|| ECB's Ordonez: Current financial situation is 'extraordinarily
complex'; Spain's inflation outlook "improved significantly" || Polish
Central Banker: Too early to cut interest rates; more analysis of Oct
data necessary || RBA Governor Stevens noted that the Chinese economic
slowdown may be worse than expected but saw improvements by late 2009.
he noted that the Australian central bank has ample scope to ease rates
and stressed that other central banks must be prepared to take
additional action if necessary. || Norway Central Bank (Norges) stated
that financial markets have improved but access to credit remains
limited . It saw uncertainty high in future economic development but
that risk premiums were expected to fall in coming quarters. Norway was
in better economic condition than most other countries and added that
the economic slowdown was expected to lower inflation in towards
mid-2009|| Russian Fin Min Kudrin stated that he saw significant
slowing of inflation in coming quarters; and that Russia could start
cutting interest rates in H2 of 2009
- In Currencies: The BOE
minutes added little surprise that the vote was 9-0 back on Nov 6th to
cut interest rates by 150 bps, but took notice of the scope for more
interest rate cuts. Dealers noted that UK Sonia now implying over 95%
chance of 100bps cut at Dec BOE meeting. GBP is steady against its
major pairs as this cut rate expectorations had seemed to be priced in.
GBP/USD was at 1.4995 and EUR/GBP trading at 0.8410. The JPY was
somewhat firmer against its major pairs as equity prices continue to be
the main driver of its price action. The Nikkei and European equity
softness keeping the JPY on a firm tone but CHF remained soft against
its major pairs. The rebound in the mid-European morning in S&P and
European bourses saw the USD and JPY pairs retrace from earlier strength
Dealers taking noting of some potential 'shifts' in the Russian Central
bank. Russian Gold/Forex reserves fell over the last two months as
Central Bank sold $57.5B to support Ruble . It noted that its reserves
comprised of Reserves made up of 45% in US dollars, 44% Euros, 10% in
British Pounds, 1% Japanese Yen. The increase in GBP could have some
implications in maintaining the basket content. One dealer pointed out
that the increase in GBP reserves would suggest that the Russian
Central Bank would purchase the ruble to support, which in turn meant
more selling of GBP and EUR pairs.
- Energy: OPEC President
Khelil: OPEC Cairo summit unlikely to make an output decision. OPEC
should not act before making sure prior cuts have been applied. He
noted that OPEC could lose credibility if it makes new decisions
without enforcing previous ones. He noted that OPEC has lost approx
$700B due to falling crude prices|| Dealers noting that the last break
below the $50 in front month NYMEX cruse was back in Jan 2007 and the
last WEEKLY close below that $50/barrel occurred during May 16th 2005
|| China to reform oil price mechanism within three weeks - Chinese
- Commodities: Citigroup analyst: Base metal prices
could fall by up to 20% in 2009 || Antofagasta [ANTO.UK] Maintains
Chile investment plan. President Awad: does not foresee delays in
projects as the global economy slows, and sees some costs falling.
In Fixed Income Germany tapped an additional â‚¬4B of the 4% 2013 Bobl's
, with an average yield of 2.78 and a bid to cover of 1.9, in line with
the prior. German fixed income has rallied across the board all
monring, with better buying of the Bund, (down 8bps to yield 3.57%)
resulting in bull flattening of the yield curve. Gilts meanwhile, are
only marginally flatter from yesterdays levels, buying across the board
leaving the curve relatively unchanged from its steep shape
Credit Crisis: De-leveraging continues as hedge funds encounter worst
2-month performance in the last 8-years. Oct Hedge funds that invest
globally -4.5% v -5% prior month according to Eurekahedge PLC. with YTD
global hedge fund performance -12%. Investors withdrew a net total of
$62.7B from hedge funds in Oct with industry declining by $110B to
$1.65T of assets . Citigroup analyst stated that assets could fall to
$1T by mid-2009. About 350 hedge funds shut down in H1 2008, up 16% Y/Y
with an estimated 700 that could go out of business by the end 2008 ||
Fitch noted that Turkish banks confront a challenging short-term
outlook || Irish PM Cohen stated that Ireland would look at all options
on bank capital ratios in order to limit taxpayer expense
economic concerns continued to weigh on sentiment. RBA Governor Edey
noted that its forecast to great deal of uncertainty, monetary/fiscal
stimulus to provide cushion and added that forecasted significant
further broad based slowing of the Australian economy. Dealers also
noting the recent comments fro US Tsy Sec Paulson in which TARP was not
a 'panacea' for all economic difficulty nor a stimulus package.
Emerging markets continue to bubble as Ecuador mulling the idea is a
potential debt moratorium. Russia Central bank noted that its
Gold/Forex reserves fell over the last two months by some $57.5B in
order to support Ruble . OPEC President Khelil comments getting
attention this session as he noted that the Cairo summit in late Nov
would unlikely to make an output as the Dec would be the most important
as it would have all compliance data
During the NY session
dealers and traders will focus on the Fed minutes and CPI data. Any
continued softness in US housing should start to build prospects for
the next 50 bp cut from the Fed. Jan Fed fund futures fully pricing in
a 50bps cut by end of 2008 to 0.5% and a 12% chance of a 65bps cut.
- 7:00 (US) MBA Mortgage Applications w/e Nov 14. There are no
consensus expectations for this number; The prior number was 11.9%
8:30 (CA) Canadian Sept International Securities Transactions.
Consensus expectations are -C$1.35B; The prior number was -C$0.73B.
- 8:30 (CA) Canadian Oct Leading Indicators. M/M consensus expectations are -0.3% ; The prior number was -0.2%
8:30 (US) Oct Consumer Price Index. M/M consensus expectations are
-0.8%; The prior number was 0.0%. Y/Y Consensus expectations are 4.0% ;
The prior number was 4.9%.
-8:30 (US) Oct CPI Ex Food &
Energy. M/M consensus expectations are 0.1% ; The prior number was
0.1%. Y/Y Consensus expectations are 2.4% ; The prior number was 2.5%.
- 8:30 (US) Oct CPI Core Index sa. There are no consensus expectations ; The prior number was 216.956 .
- 8:30 (US) Oct Consumer Price Index NSA. Consensus expectations are 216.700; The prior number was 218.783
8:30 (US) Oct Housing Starts. Consensus expectations are 780k ; The
prior number was 817k . Oct Building Permits. Consensus expectations
are 774k; The prior number was 805k
- 9:00 (US) Fed's Kohn speaks on Monetary Policy at Cato conference
- 12:30 (US) Treasury's Kashkari speaks on emergency Economic Stablilization Act in Washington
- 10:35 (US) weekly energy inventories
-14:00 (US) FOMC Minutes from Oct 28-29 Meeting
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 19 Feb 2018
00:00 CN, US- Holiday Tue 20 Feb 2018
00:00 CN- Holiday A 10:00 US- ZEW Survey Wed 21 Feb 2018
00:00 CN- Holiday A All Day flash PMIs A 15:00 US- Existing Homes Sales A 15:30 US- EIA Crude AA 19:00 US- Fed Meeting Minutes Thu 22 Feb 2018 A 09:00 DE- IFO Survey A 09:30 GB- GDP AA 13:30 CA- Retail Sales A 13:30 US- Weekly Jobless Fri 23 Feb 2018 A 10:00 EZ- Final HICP AA 13:30 CA- CPI
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.