User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday January 12, 2010 - 10:57:58 GMT
Trade the News Staff -

Share This Story:
| | Email

European Market Update: UK trade balance improves in Nov (Trade the News)_

Tuesday, January 12, 2010 5:54:53 AM

 European Market Update: UK trade balance improves in Nov;


- (IN) Nov Industrial Production Y/Y: 11.7% v 10.0%e; faster rate in over two years
- (RU) Russia Dec Reserve Fund: $60.5B v $75.1B prior; Wellbeing Fund: $91.6B v $92.9B prior
- (FR) France Dec Business Sentiment: 101 v 99e
- (FR) France Nov Central Govt Balance: -€143.3B v -€134.8B prior
- (TU) Turkey Dec Utilization: 69.7% v 70.7% prior
- (SW) Sweden Dec Budget Balance (SEK): -117.5B v 6.7B prior
- (SW) Sweden Dec Headline Rate CPI M/M: 0.2% v 0.1%e; Y/Y: 0.9% v 0.7%e
- (SW) Sweden CPI Underlying M/M: 0.2% v 0.1%e; Y/Y: 2.7% v 2.5%e; CPI Level: 301.69 v 301.39e
- (DE) Denmark Nov Industrial Production M/M: 1.4% v -1.8% prior; Industrial Orders M/M: 3.1% v -14.8% prior
- (RU) Russia Dec Consumer Price Index Core M/M: 0.4% v 0.4%e; Core CPI YTD: 8.3% v 8.5%e
- (UK) Nov Visible Trade Balance: -£6.8B v -£7.0Be; Total Trade Balance: -£2.9B v -£3.0Be; Trade Balance Non-EU: -£3.0B v -£3.4Be;
- (UK) Nov DCLG House Prices Y/Y: 0.6% v 0.1%e; first yoy increase since Jun 2008
- (GE) German VDMA: Nov Machine order Y/Y: -12.0% v -29% prior

- Alcoa disappoints on earnings but revenues beat
- China official expresses personal views on a bullish dollar scenario .
- China guides its one-year bill rates higher in similar fashion seen at its 3-month auction last week
- India Nov Industrial production beat consensus estimate
- UK trade balance better than expectations

FIXED INCOME/FX/COMMODITIES/ERRATUM *** - Equities: Alcoa [AA] officially began the Q4 earnings season with a helping of 'reality check' as improvements in end markets and selling prices could not offset energy costs and one-off charges. A strong trading session in Mainland China and better than expected Indian November industrial figures temporarily rallied markets with Europe opening on a positive footing. Retailers supported the positive open with both the UK's Tesco [TSCO.UK] and Germany's Metro [MEO.GE] reporting solid figures. The long expected 'defense document' from Cadbury [CBRY.UK] outlined that groups growth and dividend plan while reiterating its general sense of loath towards hostile bidder Kraft [KFT]. Positive rotation in European equities could not be maintained, however, with chemical, industrial and earnings related names moving lower. Aluminum names, including Norsk Hydro [NHY.NO] followed German listed Alcoa shares lower with weakness across the sector. EADs [EAD.FR] provided its 2009 order intake and deliver figures along with prelim revenue levels. The aircraft manufacturer reiterated the end of Jan, 2010 as the deadline for a final decision regarding the life of the A400M. Trading volume levels remained high throughout the session with all major bourses exceeding their moving averages. In this morning's session, the VDAX volatility index moved below its pre-Lehman levels mirroring the VIX index move last month.

-In individual equities: Tesco [
TSCO.UK]: Holiday Trading Statement: Reports UK 6-week SSS +4.9% (VAT adjusted). || EADs [EAD.FR]: Provides 2009 production figures: Sees FY09 Rev €41.7B v €42.9Be; 2010 to be challenging year. || Cadbury [CBRY.UK]: Defense Document: Sees 5% base rev growth; Full year dividend growth expected to be 10%. || Debenhams [DEB.UK]: Interim Management Statement: Reports SSS +0.1% in holiday period. || Metro [MEO.GE]: Provides trading update: Reports 2009 Sales €65.5B v €69.5Be; EBIT in line with expectations. || Beiersdorf [BEI.GE]: Reports prelim FY09 EBIT €585M v €596Me; Sales €5.8B v €5.8Be. ||

- Speakers: German Econ Min Bruederle commented that there was no plans for a third stimulus package *** S&P affirmed ratings on
China sovereign debt at 'A1' with outlook stable. *** German BGA export group commented that the German economy could grow by almost 3% in 2010 but added it saw 2011 GDP 'clearly' below 2.0% level. It forecasted 2010 Wholesale Sales at €770B, up 4.0% y/y and saw 2010 inflation up around 1.0%. it forecasted 2010 German export growing between 7.5% to 10% and stated that the ECB could raise interest rates in H2 of this year *** EU issued a report on Greece debt and deficit statistics and cited severe irregularities in Greek notifications and labeled the country's accounting system as 'inappropriate'. The EU saw systemic failures and weaknesses in Greek statistics and a lack of independence on Greek national services***

- Currencies: The USD see-sawed throughout the European morning as it seemed to continue operating on different agendas in different money centers. The dollar was off its best levels registered during
Asia following the 'personal' bullish dollar views of the Chinese sovereign wealth manger. Higher Industrial Production data out of India tried to restart the risk appetite theme but was quenched by the continued rising yields being registered in the Chinese Gov't paper market. The dollar was also impacted by cross related flows. Better UK trade data and lingering concerns over the peripheral debt counties in Europe sent the EUR/GBP cross below the 0.90 level. As the NY morning approached the dollar was mixed against the four major with slight gains against the EUR and CHF pairs and softer by 30 pips against the JPY and GBP currencies.

- Fixed Income: European peripherals continue to simmer in the session. The Greek 10-year continued to widened against the 10-year bunds on supply concerns.
Greece was also complicated by an EU report that labeled the Greek accounting system 'inappropriate' and cited severe irregularities in the country's notifications. The Bund futures benefited from the unfolding Greek tragedy.

- Energy:
Kuwait Oil Min commented that he saw demand picking up and added that he expected no chance in OPEC supply at its scheduled March meeting. The minister also expressed satisfaction at current price of oil

- Geo-Political: Massoud Ali-Mohammad, a
Tehran University professor of nuclear science has been killed by a remotely detonated bombing attack. The targeting of a high level, regime linked official in the center of Iranian state power has raised immediate concerns over the motivation of the attack. Iranian state media has reported the attack was carried out of by 'US, Zionist Agents.' China has announced the 'successful' testing of new missile defense/interceptor systems. The exercise, in which state media did not confirm a kinetic in-flight kill, comes amidst rising tension between the US and China regarding arms sales to Taiwan. China has vehemently complained over the sale of US manufactured PAC-3 missile defense systems to Tawian. The PAC-3 has the ability to destroy short and medium range missiles in flight. China's top internet research/search website operator Baidu had its service temporally suspended by what appears to be a hacker attack. Baidu refused to provide any comment on the apparent denial of service attack while several western media outlets have speculated the attack originated in Iran. The World Trade Organization has announced its intention to take a closer look into the brewing US-China trade rift regarding the application of tariffs on Chinese manufactured tires. China filed an appeal immediately following the US decision in Sept 2009.

- Sovereign News: S&P affirmed ratings on
China sovereign debt at 'A1' with outlook stable. S&P noted that its ratings on China reflected the country's large external asset position, strong economic growth potential, and a modest level of government indebtedness. These strengths outweigh sizable contingent liabilities in the banking system if the economy suffers an extended slowdown. Chinese policymakers' continued reliance on administrative tools, such as direct credit controls, for macroeconomic management is also an important credit weakness.

***Looking Ahead:
- 7:30 (US) Dec NFIB Small Business Optimism: No est v 88.3 prior
- 7:45 (US) ICSC/UBSW Chain Store Sales
- 8:30 (CA) Canada Nov Intl Merchandise Trade: C$0.5Be v C$0.4B prior
- 8:30 (CA) Canada Nov New Housing price index M/M: 0.35e v 0.35 prior
- 8:30 (US) Nov Trade Balance: -$34.6Be v -$32.9B prior
- 8:55 (US) Redbook Retail Sales
- 10:00 (US) Jan IBD/TIPP Economic Optimism: No est v 46.8 prior
- 10:00 (MX) Mexico Nov Industrial Production Y/Y: -3.7%e v -5.2% prior
- 10:00 (MX) Mexico Oct Gross Fixed Investment: -11.1%e v -11.6% prior
- 12:30 (MX) Mexico to sell -5-year FRN
- 13:00 (US) Treasury's 3-yr note auction
- 16:30 (US) API Crude Oil/Gasoline/Distillate Inventories



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."

Actionable trading levels delivered to YOUR charts in real-time.

Register To Test Your Amazing Trader

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Tue 17 July 2018
AA 08:30 GB- Employment
A 13:15 US- Industrial Production
AA 14:00 US-Powell Testimony
Wed 18 July 2018
AA 08:30 GB- CPI
A 12:30 US- Housing Starts/Permits
AA 14:00 US-Powell Testimony
Thu 19 July 2018
AA 1:30 AU- Employment
AA 08:30 GB- Retail Sales
A 14:30 US- EIA Crude
A 12:30 US- Weekly Jobless
Fri 20 Jun 2018
A 12:30 CA- CPI/Retail Sales

John M. Bland, MBA
co-founding Partner,

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.

Contact us

Start trading with forex broker Markets Cube

Max McKegg's Daily Forex Trading Forecasts

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.

Request a TRIAL of Max's Forex Service.


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

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 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 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.



By using this website, you are agreeing to our Privacy Policy and Terms of Use, and Cookie Policy

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