- Equities: Lufthansa [LHA.GE] Reported FY08 Net profit ÔéČ599M below
expectations of ÔéČ712Me. It operating profit was ÔéČ1.35B and inline with its
guidance issued back on Feb 3rd. Revenues came in at ÔéČ24.9B slightly better
than forecasts of ÔéČ24.67B. The airline expected FY09 operating profit to be
'distinctly positive' but considerable lower than 2008 levels and that revenues
would increase due to acquisitions. It forecasted revenues and profit
increasing in 2010 if economy recovers as expected in Q3 of 2009 || Aer Lingus
[AERL.UK] Reported FY08 Operating loss of ÔéČ17.6M worse than the loss of ÔéČ4.9M
expected citing falling consumer sentiment, a restructuring and
higher fuel prices for the result. Revenues were ÔéČ1.36B slightly better than
ÔéČ1.36B forecasts. || Party Gaming [PRTY.UK] Reported its FY08 EBITDA $144.2M
just above estimates of $141.4M. Revenues were $472.9M in line with estimates
of $473M. The firm stated that it had made ÔÇťgood progressÔÇŁ in the first few
weeks of 2009, even in a ÔÇťhighly competitiveÔÇŁ market to the beginning of the
year. || Axel Springer [SPR.GE] Reported that its FY08 Sales were up 5.8% y/y
but noted a difficult advertising market in 2009 and would not be able to match
its prior year results || UBS [UBSN.SZ] Adjusted its FY08 net profit lower by
CHF1.19B due to US Department of Justice settlement. It now would have a net
loss of CHF20.9B for 2008 after the DOJ adjustment || JC Decaux [DEC.FR]
reported its FY08 Net at ÔéČ108.1M, below the expected ÔéČ192M and Op profit at
ÔéČ236.4M, also below expectations at ÔéČ309.7M. Firm will not pay FY08 dividend
and stated that it expected a decline in FY09 underlying revenue with Q1 Rev
falling 10% y/y. Shares have traded sharply lower following this guidance. ||
ArcelorMittal MT.NV: Firm does not to raise additional capital || Hannover Re
[HNR1.GE] Reported Q4 Net ÔéČ15.8M better than the lossof ÔéČ3.1M expected. The
gross premiums came in at ÔéČ2.02B above the ÔéČ1.91B forecasts. The company
reaffirmed FY09 ROE in excess of 15%. CEO Zeller commented that the 2008 loss
was due entirely to investment-side problems, while underwriting business was
- Speakers: China PBoC commented that companies are less worried about economic
weakness in Q2 and that the entrepreneur sentiment was recovering. the PBoC
bank lending index had risen sharply || Moody's commented that Russia
was 'not yet on brink' of any ratings cut. Moody's stated that Russia
had the ability to meet up to 18 months of its debt obligations. It did note
that Russia was
'no longer in free fall' and that the 'dirty float' of its currency moves in
the right direction. || Polish Ministe stated the it expected around PLN17B
from EU in 2009 and would accelerate EU fund usage for investments
- In Currencies: USD and the JPY exhibited some strength in the aftermath of
the 'dismal' Chinese trade number and its components. Chinese exports plunged
by a record last month helping to revive demand for risk aversion plays. The
Sharply weaker trade data out of China
have put commodity currencies on the defensive as AUD, CAD and NZD moved lower
in the session. The USD retraced from its best levels after Moody's commented
that Russia was 'not yet on brink' of ratings cut and the country had the
ability to pay its exiting debt obligations for a period of up to 18 months
helped to offset the initial impact o the China trade numbers. G20 FinMins meet
this weekend but no major action expected on the currency front.
- Fixed income: The Bank of England's historic reverse gilt auction, funded
with printed money, is underway, with competitive offers to due by . The Yield on the benchmark 10y
Gilt is down 2.5bps at 3.09%. German government bonds have been on a weaker footing
with both supply and stronger equities to contend with. In a strong auction ,
the Bundesbank sold ÔéČ6.3B in a new 1.25% 2y Schatz. US
Treasuries have regained some ground lost yesterday, with a steeper yield curve
and the yield on the 10y Note back below the 3.00% level
- In Energy: OPEC Delegate commented that there was no need to hurry into new
round of supply cuts if market keeps strengthening on existing curbs. Apr NYMEX
crude at $45.40/barrel and little changed ahead of the NY morning. OPEC meets
on March 15th to discuss possible action necessary to stabilize the oil markets
|| South Africa Eskom's Demers: Concerned about future supplies of coal in
country. It would assess coal reserves over the next 18 to 22 months in
conjunction with S. African government and would incorporate neighboring
countries (last reserves assessment made back in 1987). Eskom expected coal
consumption to increase up by 40% and its own consumption rising by 55% between
2008 and 2018 || Tullow Oil [TLW.UK] Reported FY08 Op Profit of ┬ú300M compared
to forecasts of ┬ú312M. Revenues were ┬ú692M below consensus of ┬ú730M. For 2009,
the Group is focused on progressing Phase 1 of the Jubilee project in Ghana,
fast tracking the commercialization of Ugandan reserves and executing selective
high-impact exploration and appraisal campaigns || Cairn Energy [CNE.UK]
reportedly to issue up to 6.5M shares (about 5% of shares outstanding). Stated
that it is prudent to strengthen equity capital base at current conditions. ||
Credit Crisis: Japan
to start purchasing stocks from banks portfolio's on Thursday, Mar 12th. Japan
would start buying shares from the investment portfolios of the nation's banks
from tomorrow in an effort to strengthen their balance sheets and encourage
lending. The Bank's Shareholding Purchase Corp (Gov't controlled entity) will
conduct the purchases of equities.
*** NOTES ***
- Dealers noting that data out of emerging countries over the last 24 hours
were not spectacular. The China
Feb trade balance and components were 'an eye opener' as the surplus shrunk to
just under $5B compared to $28B expected. On Tuesday, Brazil Q4 GDP contracted
more than forecasts at -3.6%. Also notable was Japan Jan Machine orders which
fell for the fourth consecutive month.
- After Tuesday's equity euphoria, European dealers noting comments from IMF in
which slow action of banks in advanced economies could 'jeopardize' expected
economic recovery in 2010
- European equities managed to shrug off the initial wave of risk aversion set
off by the Chinese trade data. Moody's comments on Russia
sovereign rating helped session sentiment and European auto sector firm on
potential merger-related rumors.
- Looking Ahead:
- 6:30 (SZ) Switzerland to sell 2.5% Notes due 2036
- 7:00 (GE) German Jan Factory Orders M/M: -2.0% expected v -6.9% prior; Y/Y:
-28.3% expected v -25.1% prior
- 7:00 (US) MBA Mortgage applications w/e March 6th: No expectations v 12.6%
- 8:00 (BZ) Brazil Feb IBGE Inflation IPCA M/M: 0.55% expected v 0.48% prior;
Y/Y: 5.90% expected v 5.84% prior
- 8:30 (CA) Jan New Housing Price Index: -0.2% expected v -0.1% prior
- (UK) Bank of England to conduct reverse Gilt auction, purchasing ┬ú2B in 2014
to 2018 Gilts
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.
Mon 10 Sep 2018 AA 08:30 GB- GDP, Trade, Output Tue 11 Sep 2018 AA 08:30 GB- Employment Decision A 09:00 DE- ZEW Survey Wed 12 Sep 2018 A 12:30 US- PPI A 14:30 US- EIA Crude A 18:00 US- Beige Book Thu 13 Sep 2018 A 1:30 AU- Employment AA 11:00 GB- Bank of England Decision AA 11:45 EZ- European Central Bank Decision A 12:30 US- Weekly Jobless AA 12:30 US- CPI Fri 14 Sep 2018 A 08:30 GB- GDP AA 12:30 US- Retail Sales A 13:15 US- Industrial Production AA 14:00 US- prelim University of Michigan
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.