- Equities: || Roche [ROG.SZ] Reportedly says Pegasys shows positive results in
Hepatitis B patients || Hennes & Mauritz [HMB.SW] Reported Jan SSS -1% v
-2.8%e || TNT [TNT.NV] Reported Q4 Net â‚¬207M versus expectations of â‚¬163Me. ,
Rev â‚¬2.93B v â‚¬3.02B consensus. It expected revenues to decline in 2009 as drop
mail volumes to fall || Lloyds [LLOY.UK] UK Treasury Timms stated in a BBC
interview that the UK
was not considering nationalization of Lloyds at this time || Air France
[AF.FR] Air France
confirmed press speculation that it would postpone taking delivery of new
planes by 2-3 years . the company stated that it was not canceling any orders
and continued to expect delivery of A380 by the end of 2009
- Speakers: China
President Hu stated that the economic crisis was deepening || ECB's
Tumpel-Gugerell stated that it encountered a significant economic slump in Q4.
However, added that interest rate cuts enacted since since Oct have had a
'positive effect'. Noted that much has changed' since ECB issued 1% forecast
for 2010 and noted that the ECB was currently reviewing 2009/10 forecasts ||
India to end fiscal 2008/09 with revenue deficit of INR2.41T; tax shortfall
after steps to counter economic slowdown. Fiscal deficit had risen to 6% of GDP
in 2008/09 from a planned 2.5%. || PBoC Advisor Fan: Policies should
concentrate on reducing savings rate || Czech Fin Min confirmed economic
stimulus package valued around CZK79B or 1.9% of GDP || German Bank Association
stated that German GDP to fall 'at least' until summer 2009 noting that
indicators suggest a significant drop in Q1 || Japan Fin Min Nakagawa denied
that he will step down after meeting || China PBoC Advisor Fan stated that
policies should concentrate on reducing savings rate. He noted that falling
demand was driving down prices of commodities and that deflation might also
hurt earnings of Chinese companies. On the bright side, he observed that
falling prices to help increase consumption || Russia Fin Min Kudrin stated
that no decision on budget has been made at this time and added that
negotiations remained difficult. Looking to cut capex programs like
construction || Japan MoF's Sugimoto commented that there were no current plans
to seek further economic stimulus measures || German DIW Institute Revised
lower its expectations for German GDP data. It now saw Q1 GDP down 1.4%
compared to 0.8% contraction. For 2009 it forecasted that GDP would drop 'over'
3% y/y versus its prior view of a 1.1% contraction. ||
- In Currencies: The EUR/USD remained in its 1.27 to 1.31 consolidation range
but probed the lower end in the aftermath of the G7 summit. Dealers attribute
the softer Euro to weekend press articles of potential sovereign debt defaults
and Eastern European woes (See out Credit Crisis section for more details).
Eastern European currencies were softer. The Hungarian forint edged down to a
new multi-year against the US
dollar after its industrial production data and the Czech Krouna slumped to
multi-year lows as well. Dealers noting that a break of 1.27 in EUR/USD sets up
for a test of the 1.23 level with some FX chartist noting a potential steeper
decline towards the 1.10 area. || The JPY was modestly softer during the
European session against the majors with USD/JPY holding below the 92 level and
EUR/JPY sustaining gains above the 117 area. || RBA's Ryan: Decline in AUD is
entirely appropriate ||
- In fixed income Gilts have broadly tracked UK financial sector equity prices,
reversing early weakness and moving into positive territory after a UK Treasury
minister stated that nationalization of Lloyd's was not under consideration.
This strength has spilled over into Germany
with Bund futures touching February highs and approaching the 125 handle seen
as a key level of technical resistance by traders. European perhiperal debt
markets have come under renewed pressure after weekend reports in UK
the press highlighted the challenges facing Ireland
and Eastern Europe. The yield on the Spanish 10y is
approaching a record high of 130bps over Bunds, the Irish 10y is back through
250bps over Bunds and the Greek 10y back through 290bps over bunds. In supply, Slovakia
sold â‚¬40B in 2015 floating rate notes with the acution covered 13 times.
- In Energy: IEA's Tanaka commented that oil demand was expected to pick up in
2010 and warned OPEC on further supply cuts. He saw 2010 global oil demand
rebounding +1M bpd. He added that a possible supply crunch could occur by 2013
if economy begins recovering in 2010
- Credit Crisis: London Times reported that fears are mounting in which Ireland
could default on its national debt. the article noted how the cost of buying
insurance against Irish government bonds rose to record highs last Friday and
the debt-market investors now rank Ireland
as the most troubled economy in Europe. || Telegraph's
Ambrose Evans-Pritchard noted that the failure to save East Europe
would lead to a global meltdown. The article noted that Eastern
Europe has borrowed $1.7T abroad, of which at least $400B is due
to be refinanced in 2009 and commented that up to 60% of Polish mortgages were
denominated in CHF. According to the article Russia
"has held 36% of its foreign reserves since August defending the
Ruble" in what amounts to the largest run on a currency in history ||
*** NOTES ***
- The US market is closed for Presidents' Day. The weekend G7 summit produced
no details in the G7 plan to combat global recession. The Chinese President
commented that the economic crisis was worsening. The Japanese Q4 annualized
GDP came in at -12.7%, the largest contraction since the 1974 oil embargo.
- Looking Ahead:
- US Markets closed for President Day holiday
- 8:30 (CA) Canadian Dec Manufacturing Shipments M/M: -5.3% expected v -6.4%
- 8:30 (CA) Canadian Dec International Securities Transactions: -C$1.4B
expected v -C$4.3B prior
- 9:00 (UK) Bank of England's Bean speaks in Birmingham
- 9:40 (US) Fed's Duke speaks in Arizona
- 9:45 (US) ECB's Trichet to speak in Brussels
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.