User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday October 26, 2010 - 19:13:23 GMT
Westpac Institutional Bank -

Share This Story:
| | Email

Forex Research - Morning Report (TTN)

Morning Report Wednesday 27 October 2010

News and views

Markets corrected. The S&P500 is currently down 0.2%, although it was down 0.7% before some decent US data on consumer confidence and regional manufacturing activity. Earlier, housing data was weak, and Fedspeak from Hoenig was unsurprisingly hawkish, although Dudley was more sympathetic to QE2. The CRB commodities index (+0.3%) made a fresh two-year high, helped by fresh records in weather-affected cotton (+4.5%) and inventory influenced copper (+0.2%). US 10yr treasury yields were in corrective mode throughout the Asian and US sessions, rising 8bp to 2.64%%. The 2yr auction was well subscribed, the 0.40% awarded rate a fresh record. Greek 10yr government bond yields rose 31bp, perhaps spooked by PIMCO's comments Greece is likely to default within three years.

The US dollar index bounced almost 1% as short positions were pared ahead of key events next week including the Fed meeting and US mid-term elections. EUR fell from the European open around 1.3980 to 1.3830. GBP outperformed after a strong GDP print from 1.5750 to 1.5900. The worst performer on the day was the SEK, moving from 6.56 to 6.74 against the USD, Sweden's central bank hiking the policy rate 25bp to 1.00% but revising down its rate path outlook. USD/JPY rose from 80.60 to 81.65.

AUD fell from the Sydney close of 0.9920 to 0.9815.

NZD fell from 0.7540 to 0.7475. AUD/NZD dribbled slightly lower from 1.3160 to 1.3130.

US consumer confidence rose from 48.6 to 50.2 in Oct. The Conference Board index recovered less than half of its Sep fall to a seven month low.  Expectations explained most of this month's rise. The detail showed that labour market conditions deteriorated further for the fourth straight month but business conditions were reported as less weak by the consumers surveyed.

US house prices up/down in Aug, depending on the survey. S&P/CaseShiller reported prices in the 20 major cities down by 0.3%, a second consecutive decline.  Annual price growth slowed from 3.2% to 1.7% yr. But the FHFA house price index found prices rose 0.4% in Aug after steeper falls in June-July. The two series are calculated differently and although there is some crossover in coverage the SPCS index tends to include more higher value homes.

US Richmond Fed factory index improves from -2 to 5 in Oct. Shipments, orders and jobs all turned around from stalled or falling to positive in Oct. However the Richmond services index was down from -5 to -7 in Oct and the retail survey edged up just 1 pt to -5.

Japanese corporate service prices fell by 1.1% over the year to Sep, unchanged from August.

German data included the "Nov" GfK consumer confidence index (surveyed in early Oct) which was stalled at 4.9 after four consecutive gains in prior months. Import prices accelerated from 8.6% to 9.9% yr in Sep and North Rhine-Westphalia reported that its local CPI accelerated from 1.1% to 1.2% - other state and the national figures are out tomorrow.

UK GDP growth surprised in Q3. GDP grew 0.8% which was double the consensus forecast, rather like Q2's advance 1.1% (later 1.2%) was double that quarter's consensus forecast. Annual growth in Q3 was 2.8% yr, its highest in three years. The limited breakdown available showed ongoing construction strength; slower but still solid factory growth; falling agricultural output; and very slight moderation from 0.7% to 0.6% in government and services. This result - growth moderating from very strong to still above long term trend - will give more ammunition to the BoE policy hawks and will also embolden the government as the economy seems to have been better placed to handle the recent austerity budget measures.


AUD/USD and NZD/USD outlook next 24 hours: Today's business confidence report provides little risk to the AUD which looks a good intraday buy. NZD should be supported at 0.7520 for a move beyond 0.7560.


.Westpac Banking Corporation ABN 33 007 457 141 incorporated in Australia (NZ division). Information current as at 13 August 2010. All customers please note that this information has been prepared without taking account of your objectives, financial situation or needs. Because of this you should, before acting on this information, consider its appropriateness, having regard to your objectives, financial situation or needs. Australian customers can obtain Westpac’s

financial services guide by calling +612 9284 8372, visiting or visiting any Westpac Branch. The information may contain material provided directly by third parties, and while such material is published with permission, Westpac accepts no responsibility for the accuracy or completeness of any such material. Except where contrary to law, Westpac intends by this notice to exclude liability for the information. The information is subject to change without

notice and Westpac is under no obligation to update the information or correct any inaccuracy which may become apparent at a later date. Westpac Banking Corporation is registered in England as a branch (branch number BR000106) and is authorised and regulated by The Financial Services Authority. Westpac Europe Limited is a company registered in England (number 05660023) and is authorised and regulated by The Financial Services Authority. © 2010 Westpac Banking Corporation. Past performance is not a reliable indicator of future performance. The forecasts given in this document are predictive in character. Whilst every effort has been taken to ensure that the assumptions on which the forecasts are based are reasonable, the forecasts may be affected by incorrect assumptions or by known or unknown risks and uncertainties. The ultimate outcomes may differ substantially from these forecasts.




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