User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday January 7, 2009 - 11:15:13 GMT
Trade the News Staff - www.global-view.com/forex-services/TTN/

Share This Story:
| | Email

Forex Blog - European Market Update: Central Bankers and Government officials note possible prolong recession; Euro-Zone PPI softens more than expected

Today 06:05am European Market Update: Central Bankers and Government officials note possible prolong recession; Euro-Zone PPI softens more than expected *** ECONOMIC DATA *** - (GE) Nov ILO Unemployment: 7.1% v 7.1%e - 3:00 (SP) Spain Oct House Transactions Y/Y: -27.7% v -27.1% prior; Mortgages on Houses: -33.9% v -37.2% prior; Mortgage-capital loan: -25.3% v -35.4% prior - (HU) Hungary Nov Unemployment: 7.8% v 7.9%e - (GE) German Dec Unemployment Change: 18K v10Ke; Unemployment Rate: 7.6% v 7.5%e - (NO) Norway Oct Unemployment: 2.7% v 2.6%e - (BR) Brazil Dec FGV Inflation IGP: -0.44% v -0.17%e - (EU) Euro-Zone Nov PPI M/M: -1.9% v -1.0%; Y/Y: 3.3% v 4.4%e - (UK) Dec BRC Shop Price Index: M/M: -2.0% v 0.2% prior; Y/Y: 0.5% v 2.7% prior - (UK) Dec car registrations down 21% y/y to 108.7K units -SMMT *** SPEAKERS/FIXED INCOME/FX/COMMODITIES/ERRATUM *** - In equities: Marks & Spencer [MKS.UK] Reported Q3 UK SSS -7.1% which was better then expectations for a 8.3% decline. The firm will close 27 stores (25 of which are under performing small food stores). It now sees CAPEX for 2008/09 at no more than £700M. To make around 780 job cuts from retial and 450 head office cuts (1,230 total 2% of workforce) || Sodexho [SW.FR] Reported Q1 Rev €3.98B versus €3.83B expected and reaffirmed its FY forecast with Op Profit in a range of €730 to €760M range and organic revenue growth between 2% to 5%. Its net debt as of Aug 31 stood at €465M ||Air Berlin [AB1.GE] Reported Dec Load Factor 72.3% v 71.5% y/y || Aegon [AGN.NV] To Acquire Banca Transilvania''s stake in BT AEGON for €11M || Easy Jet [EZJ.UK] Reports Dec load factor 82.3% v 78.9% y/y || Domino's Pizza [DOM.UK] Reported 13-week like-for-like sales +8.6% v +14.8% y/y . It also reports FY08 Revenue of £350.8M v £296.3M y/y and like-for-like sales +10% || Greggs [GRG.UK] Reported Dec like-for-like sales +5.3% y/y. the company reaffirmed its FY08 outlook as inline with prior expectations and noted that its trading outlook for 2009 was demanding and customers would continue to feel the impact of the economic downturn. || Kier [KIE.UK] Named preferred bidder by Norfolk and Suffolk police authorities for police contract || Bodycote: [BOY.UK] Appoints Stephen Harris as new CEO, effective January 12 || Carillion [CLLN.UK] Awarded £170M Canadian highways maintenance contract || Scottish & Southern [SSE.UK] To place 40M shares via bookbuild; trading remains in line with expectations. It saw Sees FY dividend at least 66p/share and the 2010 dividend at least 4% above inflation || SkyePharma [SKP.UK] Received European product approval for Lodotra in the treatment of rheumatoid arthritis and associated morning stiffness || Bayer Schering [BAY.GE] Schering unit Submited Visanne For Registration In Europe || Salzgitter [SZG.GE] Reiterates that Q1 trading will be difficult, sees market stabilizing around Q2 || British Petroleum [BP.UK] Chatter circulated that the company could be guiding Q4 analysts down from expectations || WPP [WPP.UK] NY Post reported that the company cut its North American staff by 10% || Boliden [BOL.SW] Executive confirms it is in talks with union at its Tara Zinc mine in Ireland. Company seeks to increase profits and noted that it had agreements with all but one union at Tara || - Speakers: ECB's Gonzalez Paramo commented that interest rate cuts have yet to be fully felt by economy. Noted that cuts were made only after inflation levels were secured below targets || German DIW Institute: Cut their German 2009 GDP view to -1.1% from +1.0% prior || French Fin Min Lagarde: Slowdown trend confirmed by December inflation report || German Labor Minister Weise noted that German Dec data showed the economic crisis was impacting the labor market. He commented that around 300K Germans could be on short shifts in Q1 || German SPD Chairman stated that his party was willing to back tax cuts but added that cutting the overall burden for people, also for those who do not pay taxes, and safeguarding jobs will be the main focus of the growth-boosting plan. || - In Currencies: The US put in a mixed performance during the European morning. The EUR/USD probed the 1.3460 level in late Asia before moving above the 1.36 handle as European equities trading commenced. Dealers commented the recent rise in the USD also made it vulnerable to profit taking, particularly after the US housing data, FOMC minutes and ahead of several key employment reports. Dealers noting that the USD soft tone was largely driven by the renewed concerns over the U.S. and the bleak outlook from the FOMC minutes. - The volatility in the EUR/GBP pair ahead of the BoE a two-day monetary policy meeting. The pair tested 0.9025 before moving towards 0.9150 area. -In Fixed Income: Dealers noting that the German 2-year/10-year spread steepened to +147 bps in the session, towards two month highs || Supply: Germany sold €4.06B 2019 Bunds; Average Yield Set At 3.12% and bid-to-cover at 1.305 times || (UK) sold £2.0B in 4.75% 2038 Gilts, bid-to-cover at 1.72 times with an 8 tick tail. The European fixed income futures saw their early gains erode as the NY morning approached. Mar Bunds off 29 ticks at 123.15 and Mar Gilts down 13 at 121.14. The European yield curve was steeper. The US yield curve was flatter with the 2-year/10-year benchmark yield spread narrowing to+166.0bp from Tuesday''s +167.5bp. - In Energy: Ukraine's Natfogaz stated that Russia has shut off all gas flows to Europe via Ukrainian system || Frontline [FRO.NO] CEO commented that: Oil traders seek up to 10 tankers for storage. The CEO noted that already hired 25 supertankers , which each can hold about 2M barrels of oil || *** NOTES *** - Central bankers and government officials have noted some concerns over their respective economies over the last 24 hours. The FOMC minutes released on Tuesday noted that Fed officials became resigned to a long, severe recession in the US. The Dismal US housing reports coupled with the recent auto sales data adds to the concerns. Now all focus will look toward the US employment reports (or as one dealer labeled it as “lack of” employment data. The UK Chancellor Darling noted in an FT interview that the UK was "far from through" the recession. Looking Ahead: - 7:00 (US) MBA Mortgage Applications: No Expectations versus 0.0% prior - 7:30 (US) Dec Challenger Job Cuts Y/Y: No Expectations versus 148.4% prior - 8:15 (US) Dec ADP Employment Change: -493K Expected versus -472K prior (revised from -250K) 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

Forex Research

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 here.

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.
  • Live trading strategy sessions.
  • Market Updates with Trading Tools.

Register To Test Your Amazing Trader


Trading Ideas for 23 October 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:

Tue 24 Oct
All Day flash PMIs
Wed 25 Oct
01:30 AU- CPI
08:00 DE- IFO Survey
08:30 GB- GDP
14:00 CA- BOC Decision
14:30 US- EIA Crude
Thu 26 Oct
11:45 EZ- ECB Decision
12:30 US- Weekly Jobless
14:00 US- Pending Homes Sales
Fri 27 Oct
12:30 US- GDP
14:00 US- final Univ of Michigan

Forex Trading Outlook


Potential Trading Opportunities


  • POTENTIAL PRICE RISK: Medium Tue-- All Day Global flash PMIs. First good look at October economic performances.



  • POTENTIAL PRICE RISK: HIGH Wed-- 01:30 GMT AU- CPI. Top Inflation indicator.

  • POTENTIAL PRICE RISK: HIGH Wed-- 08:00 GMT DE- IFO Survey. Top German indicator.


  • POTENTIAL PRICE RISK: HIGH Wed-- 14:00 GMT CA- BOC Decision. No Policy Change Expected.


  • POTENTIAL PRICE RISK: Medium Wed-- 14:30 GMT US- EIA Crude. Top Weekly WTI Statistic.



John M. Bland, MBA
co-founding Partner, Global-View.com

EXCLUSIVE: Global-View Daily Trading Chart Points Updated

EXCLUSIVE: Global-View Free Forex Database updated




TRADER ADVOCACY ARTICLES

Trader's Advocate Articles..

pic

Retail Forex Brokerage Changing!

Are you 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.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools

 
Terms of Use    Disclaimer    Privacy Policy    Contact    Site Map


Forex Forum
Forex Trading Forum
Forex Forum + forex rates
Forex Forum Archives
Forex Forum RSS
Free Registration

Trading Forums
Currency Forum Guide
Forum Directory
Open Forum
Futures Forum
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

Online Forex Trading
Forex Trading Tools
Currency Trading Tools
Forex Database
FX Chart Points
Risk/Carry Trade Chart Points
Economic Calendar
Quicklinks to Economic Data
Currency Futures Swaps
Fibonacci Calculator
Currency Futures Calculator

Forex Education
Forex Learning Center
FX Trading Basics Course
Forex Trading Course
Forex Trading Handbook

Forex Analysis
Forex Forecasts
Interest Rate Forecasts
Central Bank Forecasts

FX Charts and Quotes
Live FX Rates
Live Global Market Quotes
Live Forex Charts
US Dollar Index Chart
Global Chart Gallery
Daily Market Tracker
Forex News
Forex Blog
Forex News
Forex Blog Archives
Forex News RSS
Forex Services
Forex Products
GVI Forex
Free Trials
FX Bookstore
FX Jobs and Careers
Jobs USA
Jobs UK
Jobs Canada

Forex Forum

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.

Forex News

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

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.

Forex Brokers

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 Trading

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.

FX Trading

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.

Forex Blog

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.

Copyright ©1996-2014 Global-View. All Rights Reserved.
Hosting and Development by Blue 105