-Equities: Gazprom [GAZP.RU] Reported H1 Net profit of RUB573.8B compared to
year-ago levels of RUB313.2B. Revenues came in at RUB1.74T versus RUB1.14T y/y.
|| Heritage Oil [HOIL.UK] Has Commenced drilling operations at the Giraffe-1
well in Uganda.
It noted that the drilling operations would take 2-3 weeks but added that the
recent success at Warthog and Buffalo
wells reduced the risk exposure at Giraffe well || Rolls Royce [RR.UK] Awarded
contract from Gazkomplectimpex, a Gazprom unit; for Russian-Europe Nord steam
gas pipeline. The contract is to supply eight industrial aeroderivative gas
turbines driving centrifugal compressors for the new 1,200km Nord Stream gas
pipeline from Russia
to Europe. || Telefonica [TEF.SP] Reportedly may face a
Spanish antitrust fine as much as â‚¬700M according to Spanish newspaper Publico
|| Aker Solutions [AKSO.NO] Signed a 1-year frame agreement with Shell Norway
and Shell U.K. for the supply of subsea umbilicals. The contract also has an
option to extend it an additional 12 months || Unicredit [UCG.IT] Sold 95% of
profit rights in Austrian B&C Industriestiftung assets for â‚¬1.06B
- Speakers: ECB's Hurley: Sees extremely weak global growth in 2009 || South
Korea Vice Fin Min Bae: Economic downturn will be worst in the H1 of 2009 and
improve in H2 of 2009 || ECB's Mersch stated that the Real economy was now
being impacted by global financial market crisis . he also reiterated the view that EU spending programs should not 'break' Maastricht
stability pact. || Germany's
BGA Exporter Group lowered its forecast for 2009. the group now sees small
negative growth rate for German exports compared to a prior view of +2.5% ||
Reportedly Israeli Minister stated that Israel was 'not interested' in Gaza
truce at this time
- In Currencies: Price action was described best as 'whipsawed' over the last
twenty-four hours as wide ranges characterized the illiquid market conditions
associated with year-end. Dealers noting that fundamental rational remained in
the background as 'stop-hunts' were the constant theme. The Euro exhibited some
broad base strength as the morning wore on. EUR/USD edging towards the 1.42
area; EUR/GBP re-approaching its all-time high of 0.98 and EUR/CHF cross up 100
pips to trade above 1.4940 || USD/GCC: GCC Officials agree on final monetary
union pact; agreement to be signed by Dec 12, 2009
- Energy: Eni [ENI.IT] Spokesperson commented that the company has received no
order to halt its output in Ecuador and was continuing production operations ||
ONGC India Oil & Natural Gas [ONGC.IN] Reportedly Venezuela told the
company it must cut supply from its San Cristobal oilfield to be in line with
OPEC pact . The informal notice, expected to
be followed by a more detailed notice within a week, is the first outward sign
of the OPEC member enforcing its share of the 2.2M bpd output cut agreed two
weeks ago. ||NYMEX crude languished in the lower quarter portion of its
electronic trading range this session. Feb crude futures were off $0.50/ barrel
at $39.50 area. Dealers cited that the soft South Korean industrial data was
the catalyst for the softer tone. After it endure its largest Y/Y drop almost
three decades. Thus demand concerns overwhelmed supply fear in the session.
- Commodities: Spot gold was lower in the European session at $872/oz. Overall
dealers noting the metal maintained a supportive tone, with the conflict in the
Middle East encouraging good demand on dips.
- Credit Crisis: WSJ reported that duringIn Q4, US banks and savings
institutions might report their first combined quarterly loss since . The
article noted that in Q3, the financial institutions reported a combined profit
of $1.7B (-94% y/y). ||
- Demand concerns overwhelmed supply fear as oil remains below the $40/barrel
level despite Mid-East tensions S. Korea Industrial production endured its
steepest m/m drop since 1987, and the steepest y/y drop in data back to 1980. Far
east equity bourses end the year with the Nikkei having its worst
ever as it dropped by 42% YTD. It was the last trading day of the year for some
- Eurozone November M3 money supply decelerated to 7.8% which will add to
arguments for further rate cuts from the ECB. However, the three months average
rate remains elevated above the reference value of 4.5%
- Chatter circulating that Microsoft was getting ready to lay off 17% of staff
- 7:30 (BR) Brazil Nov Primary Budget: 1.6Be versus 14.5B prior
- 9:00 (US) Oct S&P Case Shiller Composite-20 Y/Y: -17.9e versus -17.4%
prior; Home Price Index: No Expectations versus 161.6 prior
- 9:45 (US) Dec Chicago Purchasing manager: Expectations 33.0 versus 33.8 prior
- 10:00 (US) Dec Consumer Confidence: Expectations 45.5 versus 44.9 prior
- (GE) German Dec Consumer price Index: M/M: 0.4%e versus -0.5% prior; Y/Y:
1.2%e versus 1.4% prior
- (GE) German Dec CPI EU Harmonized: M/M: 0.4% versus -0.6% prior; Y/Y: 1.2%e
versus 1.4% prior
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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
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We were trading long before there were online brokers. Global-View
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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.
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