***Economic data*** - (BR) Brazil Aug FGV Inflation IGP-M M/M: 0.8% v 0.7%e; Y/Y: 7.0% v 6.9%e - (US) July Personal Income: 0.2% v 0.3%e; Personal Spending: 0.4% v 0.3%e - 8:30 (US) July PCE Core M/M: 0.1% v 0.1%e; Y/Y: 1.4% v 1.4%e; PCE Deflator Y/Y: 1.5% v 1.5%e - (CA) Canada Q2 Current Account (BOP): -C$11.0B v -C$10.7Be - (CA) Canada July Industrial Product Price M/M: 0.1% v 0.4%e; Raw Materials Price Index M/M: 1.8% v 0.2%e - (SA) South Africa July Budget (ZAR) -31.7B v 8.9B prior - (CL) Chile July Industrial Production Y/Y: 3.3% v 3.0%e; Industrial Sales Y/Y: 1.3% v 2.7%e - (CL) Chile July Total Copper Production: 454.2K tons v 465.0K tons prior - (US) Aug Dallas Fed Manufacturing Activity: -13.5 v -10.0e
Fixed Income: - (PD) Poland MOF: Sold PLN550.7M in 52-Week Bills versus â‚¬500-700M indicated range; avg yield 3.939% v 3.946% prior; Bid-to-cover 4.7x v 3.45x prior - (FR) France Debt Agency (ATF) Bill Auction Results: Sold approx â‚¬9.0B in 7, 12, 25 and 51-week Bills versus â‚¬9.0B indicated
- Major US indices are losing some ground in the early going but volumes remain light. Overall investor risk aversion is still an ongoing theme with European sovereign debt spreads continuing to get wider. Treasury prices have stabilized and are drifting higher which has pushed the 10-year yield back below 2.6%. Oil is trending lower by more than 1% back below $75.
- M&A data continues to boost select names today. GENZ reaffirmed its rejection of Sanofi's $69/shr bid and promptly rose above $70 despite Sanofi's pledge to proceed cautiously with any additional offer. COGT agreed to a 20% premium offer to be acquired by MMM. 3PAR traded off 2% as it awaits Dell's response to HPQ's latest offer at $30/shr in cash for the secure storage specialist.
- In the meantime, HPQ said it would use some of its additional cash for a $10B buyback program, including $3B in Q4. HPQ shares rose 3% on the news. After dipping on Friday, DGIT announced reduced Q3 guidance and dropped another 35%.
- NY morning initial saw little reaction to the US personal income and spending data and but maintained a steady tone. Liquidity conditions were thin with UK banks on holiday. The safe-haven flows built up momentum by mid-morning with the greenback, CHF and JPY maintaining a firmer tone against other European pairs. Spot gold was not participating as of yet but remained above the $1,230 level, some $60 away from fresh-all-time highs. Commodity currencies reflecting the risk aversion jitters with both AUD and CAD pairs weaker from their respective opening levels seen in Asia.
**Looking Ahead** - (IC) Iceland Q2 Current Account (ISK): No est v -27.0B prior - (US) Fed's Bullard - (AR) Argentina July Supermarket Sales Y/Y: No est v 19.0% prior - (MX) Mexico July YTD Budget Balance (MXN): No est v -101.71B 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
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."
Elevate Your Trading With The Amazing Trader!
The Amazing Trader includes:
Actionable trading levels delivered to YOUR charts in real-time.
POTENTIAL PRICE RISK: HIGH to Medium- Wed --14:15 GMT-- US- Industrial Production
POTENTIAL PRICE RISK: HIGH- Wed -- 15:00 GMT-- CA- Bank Of Canada Decision
John M. Bland, MBA co-founding Partner, Global-View.com
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.
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.