In equities: AstraZeneca [AZN.UK] Received FDA complete response letter
asking for additional information for Seroquel XR NDA. The company
stated it was evaluating the contents of the CRL and the proposed
labeling revisions || Cadbury [CBRY.UK] Japanese Asahi Breweries to
purchase its Australian beverage unit for Â£550M || Raymarine [RAY.UK]
Reported YTD revenues of Â£123.3M compared to Â£126.0M y/y. It guided
FY08 revenues in the mid Â£130M area versus Â£140M year prior. It noted
that trading remained in line with prior expectations and that it had
reached agreement with its banks to extend its credit facilities. ||
Fortis [FORB.BE] Firm stated that it would book â‚¬295M in FX losses and
added that its net liquidity as of Sept 30 stood at â‚¬1.8B || Grupo
Ferrovial [FER.SP] BAA unit stated that it saw the disposal of London's
Gatwick airport effective July1, 2009. It guided 2009 traffic at 119.8M
passengers v 124.8M in 2008. BAA added that it saws 2009 CAPEX at Â£1.9B
|| British Petroleum [BP.UK] Restarted partial oil production from
central Azari platform and noted it would produce 3 to 5 central Azari
wells over the next few weeks || Newcourt [NEW.UK] To Sell it Ely
Property unit for â‚¬39.3M to Consortium of private investors, including
- Speakers: Chinese Cabinet will study
measures to increase its domestic consumption and increase its exports.
The article noted that it sought to increase exports of machinery and
electrical goods via tax rebates. China likely to use government funds
to support foreign trade and all other Asian nations to settle trades
in CNY ||Polish Central Banker Filar more rate cuts are needed if the
slowdown worsens || Russian Econ Aide Dvorkovich, stated that the
government would use oil fund proceeds to cover budget deficits in
2009. He added that Russia might become an international borrower from
its current creditor status || SNB Monetary Policy Report stated that
it saw 2009 GDP in range of -1.0% to -0.5% coupled with lower
inflation. The central bank repeated that "the improvement in the
inflation outlook has provided room for maneuver which the SNB is
It added that it will continue to "closely
monitor developments in the global economy, in financial markets and in
foreign exchange markets" and "will implement further measures should
the situation so require".
- In Currencies: The USD was
mixed during the pre-holiday trading environment. EUR/USD lingered just
below the 1.40 handle. The CHF was again firm against the major pairs.
Dealers noting that the CHF has gained as global recessionary fears and
a negative earnings outlook undermined any positive aspects. ECB's
Nowotny commented during Asia that bank is keeping some "fire power" on
interest rates, but added that the central bank was analyzing data and
acknowledging what the FED was doing. Nowotny stated that he could not
exclude a further interest rate cut in January. || Russian Central bank
widened its currency basket bank making this the 7th "mini devaluation"
during Dec. The euro-dollar basket broken through the 33.45 mark viewed
as the prior Central Bank support level. FX dealers noting that this
10th time since Nov 11th that the Russian Central bank has amended its
trading band and has spent around $163B of its reserves in defending
the Rouble in the process|| UBS Analyst commented that the US Dollar
demand remained a "Haven" amid economic weakness and noted that USD
demand from reserve managers remained strong. UBS believed that the GBP
would remain in current trading range and not move lower adding that
Pound volatility and weakness was exaggerated by thin market conditions
|| Ukraine Central Bank increased reserve requirement for foreign
currency deposits to 4% from 3%, effective January 5th
In Energy: Reportedly OPEC's El-Badi sees oil prices at $75/barrel in
2010 || Iraq to begin exports of 65K BPD to Korea's SK Energy in Jan
according to an Iraqi oil official || Dealers murmuring the talk of a
possible OPEC emergency meeting before the scheduled March affair if
prices continued to drop. Feb Crude at $38.20 during the mid-European
*** NOTES ***
- The US durable goods
orders, personal income and spending reports for November and the
weekly jobless claims report are expected to influence trading this
session. The recent slew of global output reductions and corporate
earnings guidance will again have initial claims data on the front
burner. The Initial claims print of 575k in the week of December 6
marked the highest level for initial claims since November of 1982. The
traders and dealers commented that yesterday's drop in the median
resale price of homes from a year earlier was the most since records
began in 1968 and was likely the largest since the 1930s.
theme moving into 2009 might morph from economic turmoil into one of
potential social unrest. Russia Government issued a report that warned
of potential unrest over economic situation. The economic turmoil
spared no borders in 2008 and one wonders if such things are possible
on the social scene as wellâ€¦
- 7:00 (US) MBA Mortgage Applications: No Expectations versus 2.9% prior
- 8:30 (US) Nov Personal Income: 0.0%e v 0.3% prior; Personal Spending: -0.7%e v -1.0% prior
- 8:30 (US) Nov PCE Core M/M: 0.0%e v 0.0% prior; Y/Y: 2.0%e v 2.1% prior; PCE Deflator Y/Y: 1.5% v 3.2% prior
- 8:30 (US) Nov Durable Goods: -3.0%e v -6.9% prior; Ex Transportation: -3.0% v -5.4% prior
- 8:30 (US) Initial Jobless Claims: 558K v 554K prior; Continuing Claims: 4.410Me v 4.384M prior
- 8:30 (CA) Oct Gross Domestic Product M/M: -0.3%e v 0.1% prior
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.
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.