ThyssenKrupp [TKA.GE] Reported FY Net â‚¬2.28B above estimates of â‚¬2.10B.
Revenues were â‚¬53.4B in line with â‚¬53.33B estimates but added that
revenues in 2009 would 'markedly decline'. Pledged to cut costs and net
working capital. It reiterated its Mid-term goal of â‚¬4-5B Pretax
remains in place. || STM Micro [STM.FR] STM.FR: Guided Q4 Revenues in a
range of $2.2-2.35B below the consensus estimates of $2.54B. ||
AstraZeneca [AZN.UK] AZN.UK: Medimmune unit received a FDA complete
response letter on Motavizumab. Medimmune did not foresee need for more
trials and planed to resubmit in H2 2009 || Metso [MEO1V.FH]
Discontinued its study on Structural Options but will continue to look
for value enhancing opportunities. Company citied the significant
change in the global economic outlook as the reason behind the
discontinuation.|| Deutsche Telekom [DTE.GE] In agreement with Workers
Council regarding service center reductions and noted that the number
of German centers would be cut by 33% || Vodafone [VOD.UK: awarded a
35MHZ 3G license in Turkey for â‚¬250M || Volkswagen [VOW.GE] German
Bundesrat (Upper House) approved Government's Volkswagen Law || Bulgari
[BUL.IT: CEO bluntly stated that its Oct sales data was bad and that
November was not going well either adding that Japan was not performing
well. || Deutsche Postbank [DPB.GE] Completed its â‚¬1B capital increase
after selling 54.8M shares at â‚¬18.25/shr ||
Speakers: EU report stated that the Baltic region faced a protracted
and painful recession and warned that a risk of inter-Baltic contagion
existed || Indian Chief Econ Advisor stated that he expected to see
FY2008 GDP growth of 7.5-8% and that investment would remain buoyant in
H2. || Polish Central Banker Filar stated that its GDP data showed that
the Polish economy was resilient to external problems. He added that
the Recent data now question the possibility of a rate cut in December
and that inflationary threats remain. || (PD) Polish Central Banker
Noga stated that he saw Q4 GDP growth at 3.1%
- In Currencies:
The USD recovered from earlier losses against the European pairs as the
morning progressed. Reportedly the Russian Central Bank conducted an
additional Rouble basket widening but this unconfirmed at the time of
publishing this TTN update. However, Kremlin Aide commented that Russia
would take measures against those banks that bet on a Rouble
devaluation. The surprise Russia Central Bank Refinancing Rate increase
citing risk of capital flight sent the USD towards its best level in
- Fixed Income: BUNDS: 10-year Bund yield at 3.25%, lowest since oct 2005 - dealers
Energy: OPEC Gen Sec noted that compliance with output cuts are
'reasonable'. Recall that on Thursday the Sec Gen noted that that Oil
stocks were above 5-year historical average and that it needed to
remove 100M barrels of stock to reach 52 days of inventory from the
current level of 55 days|| Libya's Oil Min Ghanem stated that OPEC had
all options, including output cut or maintaining current production
level but first must assess compliance || Iran Oil Min stated that a
range of $70-90 was necessary to drive future investment. The minister
conceded that it was unlikely that any production cut would result at
this week's emergency meeting in Cairo. || OPEC exports in the four
weeks thru Dec 13 expected down 340K bpd according to a tanker tracker
|| Reportedly, govt will increase existing refined oil consumption tax
to replace $24B of revenue from transport tolls
- The data from the emerging markets were refreshing and suggested that
the developing economies are a bit more resilient than originally
suggested from the impact of the global financial market crisis. Both
India and Poland GDP data were above expectations. However, Russia's
unexpected raising of its refinancing rate citing concerns over capital
flight brought back a degree of risk aversion into the market. This
move coming after an EU report expressed concerns over the Baltic
region. Iceland amended its FX regulations to also address concerns
over its capital flight. The Euro-Zone CPI data for November is likely
to increase speculation of a more aggressive ECB rate move at its Dec
4th meeting. The EU CPI now at 2.1%, just above the target ceiling of
2.0%. OPEC Cairo meeting to take place over the weekend and appears
that no change in the production quota would result, but the originally
scheduled Dec meeting is expected to announce a fresh round of
7:00 (SA) S. Africa Oct Trade Balance (ZAR): Expected at -5.9B v -7.1B prior
8:30 (CA) Q3 Current Account: Expected at C$5.1B v C$6.8B prior
8:30 (CA) Oct Industrial Product Price M/M: Expected at -1.5% v -1.2% prior
8:30 (CA) Oct Raw material Price Index M/M: Expected at -7.8% v -7.2% prior
10:00 (MX) Mexico Central Bank Overnight rate decision: Expected to leaves interest Rates steady at 8.25%
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.