User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday April 9, 2010 - 09:59:43 GMT
Trade the News Staff - www.global-view.com/forex-services/TTN/

Share This Story:
| | Email

European Market Update: UK PPI data surges in March; Greek Q1 budget deficit data aids global risk appetite

Friday, April 09, 2010 5:47:04 AM

 European Market Update: UK PPI data surges in March; Greek Q1 budget deficit data aids global risk appetite

 

*** ECONOMIC DATA ***
- (GE) Germany Feb Current Account: €9.1B v €7.0Be; Trade Balance: €12.6B v €114Be; Imports M/M: 0.2% v -2.3%e; Exports M/M: 5.1% v 4.0%e
- (FI) Finland Feb Industrial Production M/M: -1.3% v 1.6%e; Y/Y: -1.9% v 1.3%e
- (FI) Finland Feb Preliminary Trade Balance: -€40M v -€52M prior
- (FR) Bank of France Mar Business Sentiment: 103 v 104e
- (FR) France Feb Industrial Production M/M: % v -0.3%e; Y/Y: % v 4.0%e
- (FR) France Feb Manufacturing Production M/M: % v 0.3%e; Y/Y: % v 4.5%e
- (CZ) Czech Mar CPI M/M: 0.3% v 0.2%e; Y/Y: 0.7% v 0.6%e
- (CZ) Czech Feb Industrial Output Y/Y: 7.0% v 7.5%e; Construction Output Y/Y: -23.6% v -25.6% prior
- (CZ) Czech Mar Unemployment Rate: 9.7% v 9.9%e
- (DE) Denmark Feb Current Account (DKK): 2.6B v -0.2B prior; Trade Balance (ex Shipping): 5.0B v 4.5B prior
- (DE) Denmark Feb Industrial Production M/M: 2.5% v 3.7% prior; Industrial Orders M/M: -6.3% v -6.8% prior
- (SW) Sweden Mar Budget Balance (SEK): 4.4B v 43.9B prior
- 3:30 (SW) Sweden Feb Industrial Production M/M: -0.8% v 0.8%e; Y/Y: -1.5% v -0.6% prior
- 3:30 (SW) Sweden Feb Industrial Orders M/M: -0.9% v 2.8% prior; Y/Y: 12.5% v 3.9% prior
- (NV) Netherlands Feb Industrial Production M/M: -2.4% v 6.1% prior; Y/Y: 4.3% v 5.3% prior; Industrial Sales Y/Y: 10.9% v 7.3% prior
- (NO) Norway Mar CPI M/M: 0.5% v 0.6%e; Y/Y: 3.4% v 3.5%e
- (NO) Norway Mar CPI Underlying M/M: 0.2% v 0.4%e; Y/Y: 1.7% v 1.9%e
- (NO) Norway Mar Producer prices (incl oil) M/M: 2.3% v 2.1% prior; Y/Y: 21.7% v 18.8% prior
- (NO) Norway Feb Industrial Manufacturing M/M: 0.8% v 0.3%e; Y/Y: 0.2% v -1.9% prior
- (NO) Industrial Production M/M: -0.5% v 0.3% prior; Y/Y: -6.2% v -3.1% prior
- (UK) Mar PPI Input M/M: 3.6% v 1.2%e; Y/Y: 10.1% v 7.1%e; (largest YoY rise since Oct 2008)
- (UK) Mar PPI Output M/M: 0.9% v 0.4%e; Y/Y: 5.0% v 4.4%e (MoM increase the largest since May 2008 and YoY the larget since Nov 2008)
- (UK) Mar PPI Output Core M/M: 0.7% v 0.3%e; Y/Y: 3.6% v 3.1%
e
- (IC) Iceland Mar Preliminary Trade Balance (ISK): v 14.0B prior
- (GR) Greece Mar Consumer Price Index Y/Y: 3.9% v 2.8% prior;
CPI EU Harmonized: 3.9% v 2.9% prior
- (GR) Greece Feb Industrial Production Y/Y: -9.5% v -2.5% prior
- (RU) Russia Feb Trade Balance: $15.2B v $16.8B prior

*** SPEAKERS/FIXED INCOME/FX/C
OMMODITIES/ERRATUM ***
- Equities: Equity markets are rebounding from their largest single session contraction in 3-months during yesterday's session. Positive trading sentiment form
Asia has aided European markets, but the main themes have been driven by recoveries in commodity prices (driven by copper) and an easing of market tests on the Greek/German sovereign spread. On the back of these actions, basic resource names have bounced higher, along with European financials that were punished yesterday on Greece concerns. Airline names have been under good focus as Air France [AF.FR], and SAS [SAS.SW] provided march load factor figures and Airbus [EAD.FR] confirmed its Q1 order and delivery book after the close yesterday. Concerns over a potential strike of German air traffic controllers failed to dampen positive sentiment in Lufthansa [LHA.GE]. Coal and iron ore related plays have received strong attention as it has been reported that Xstrata [XAT.UK] may be considering stepping into a complex Australian asset offer. Rio Tinto [RIO.UK] formally confirmed that iron negotiations were now being undertaken on a shorter, quarterly basis, confirming a broad sector trend. Equity markets have absorbed a plethora of data in-stride throughout the session, mostly taking the readings well. Volumes through the session have remained thin with a tight trading band into 5:30EST. Into the early NY morning, markets, on low momentum rolled slightly lower, giving back some opening gains.

- Individual equities:
Rio Tinto [RIO.UK]: Says it is negotiating iron ore contracts on a quarterly basis, talks are still occurring. || Air France [AF.FR]: Reports March load factor 80.5% v 70.5% y/y. || EADs [EAD.FR]: Airbus reports Q1 deliveries at 122 units v 116 units y/y. || Givaudan [GIVN.SZ]: Reports Q1 Rev CHF1.1B v CHF1Be; Confirms FY10 targets. || Swedbank [SWEDA.SW]: To leave Swedish state guarantee program; leaving with immediate effect. ||

- Speakers: ECB's Noyer reiterated the central bank view of moderate, fragile economic recovery in 2010. He noted that the rise in long end of yield curve and sovereign debt holdings might be a risk for European banks ***Greek Official commented that
Greece itself was not aware of exact details of EU-IMF rescue plan approved by the EU at the March 25th Summit. The official stressed that it would take all necessary steps to complete USD bond sale. The official noted that Greece could still borrow in markets but conditions were making those operations difficult. Hoping that PIMCO buys the majority of USD bonds and subsequent roadshow to Japan and China was "highly unlikely" because of limited interest. He noted that if Greece used the EU-IMF plan, would hope to pay 4-4.5% interest rates *** Russian economic advisor Dvorkovich commented that Russia sought to push for more balanced monetary system and forge common goal with BRIC members at the next G20 Summit. He added that Russia was looking to use own currencies more in trade and continue talks on global currencies with BRIC members next week ***

- Currencies/Fixed Income: The USD and JPY was softer against the European currencies throughout the session with dealers noting some broad improvement in risk appetite. The sentiment was complemented with higher equity prices and a firm tone in commodities. The concerns over the Greek situation seemed to have calmed for the moment following the ECB press conference on Thursday and the release of the Q1 Greek budget deficit data, which saw a 40% improvement in the deficit levels from year ago comparisons.. *** The UK saw the March PPI data coming in far stronger than expected and this helped the
GBP/USD pair probe towards the 1.54 area and Gilts futures extending session losses.

- Geo-political: The World Bank has approved a $3.75B loan to South Africa for further electricity capacity expansion by state owned utility Eskom. The bulk of the loan, $3B will go to a controversial coal fired facility that has meet strong international environmental criticism. The remaining tranche of $750M will be used to finance new solar and wind projects. *** Israeli PM Netanyahu has backed out of nuclear weapons conference being held in
Washington DC next week. The move follows concerns that the state would be unfairly and harshly targeted over its nuclear weapons. While still an undeclared nuclear power, Israel's special weapons program is one of the international communities's 'worst kept secrets.'

- In the Papers: UK Telegraph noted that Deutsche Bank analyst believe that a Conservative election victory would be good for insurers and retailers but damage companies that rely on public spending. The article noted that bank believed that the best result for UK equities would be an outright Conservative victory" with a hung parliament or coalition government the worst outcome for companies

***Notes/Observations:
- European peripheral spreads settle down in session as risk appetite is firmer
- SPDR gold trust says holdings hit record highs.
- UK PPI data surges in March thanks to energy-related items
- Canada employment highlight of NY morning

***Looking Ahead***
- (PO) Portugal Feb Trade Balance: No est v -€1.3B prior
- (RU) Russia Mar Budget Level (YTD): No est v -194.6B prior
- 7:00 (CA) Canada Mar Net Change in Employment: 26.0Ke v 20.9K prior; Unemployment Rate: 8.1%e v 8.2% prior
- 8:00 (SZ) SNB Danthine
- 10:00 (US) Feb Wholesale Inventories: 0.4%e v -0.1% prior
- 10:00 (MX) Mexico Feb Final Trade Balance: No est v $243.9M prior
- 00:00 (CH) China Mar Trade Balance: -$0.4Be v $7.6B prior

 

 

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 11 December 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:

Tue 12 Dec
09:30 GB- CPI
10:00 GB- ZEW Survey
13:30 US- PPI
Wed 13 Dec
00:30 AU- Employment
09:30 GB- Unemployment
13:30 US- CPI
15:30 US- EIA Crude
19:00 US- Fed Decision
Thu 14 Dec
07:30 CH- SNB Decision
All Day- Global- flash PMIs
12:00 GB- Bank of England Decision
12:45 EZ- ECB Decision
13:30 US- Retail Sales
13:30 US- Weekly Jobless
14:45 US- Industrial Production

Forex Trading Outlook


Potential Trading Opportunities

  • POTENTIAL PRICE RISK: Mediun Tue--10:00 GMT-- DE- ZEW. Second Tier Sentiment Survey
  • POTENTIAL PRICE RISK: HIGH-Medium Tue--13:30 GMT-- US- PPI

  • POTENTIAL PRICE RISK: HIGH-Medium Wed--09:30 GMT-- GB- Employment
  • POTENTIAL PRICE RISK: HIGH Wed--13:30 GMT-- US- CPI
  • POTENTIAL PRICE RISK: Medium Wed--15:30 GMT-- US- EIA Crude
  • POTENTIAL PRICE RISK: High Wed--19:00 GMT-- US- Fed Decision


  • POTENTIAL PRICE RISK: HIGH- Thu --00:30 GMT-- AU- Employment
  • POTENTIAL PRICE RISK: Medium- Thu --All day-- global- flash PMIs
  • POTENTIAL PRICE RISK: HIGH-Medium- Thu --07:30-- CH- Swiss National Bank Decision
  • POTENTIAL PRICE RISK: HIGH-Medium- Thu --09:30-- GB- Retail Sales
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