User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday January 2, 2013 - 16:31:20 GMT
Trade the News Staff - www.global-view.com/forex-services/TTN/

Share This Story:
| | Email

TradeTheNews.com US Market Update: Cliff Rally

TradeTheNews.com US Market Update: Cliff Rally
Wed, 02 Jan 2013 11:15 AM EST


***Economic Data***
- (DE) Germany Dec CPI Bavaria M/M: +0.9 v -0.1% prior; Y/Y: 2.2% v 2.1% prior
- (PT) Portugal Nov Industrial Production M/M: -3.3% v 5.5% prior; Y/Y: -4.3% v -3.6% prior
- (PT) Portugal Nov Retail Sales M/M: -1.3% v -4.0% prior; Y/Y: -5.3% v -6.5% prior
- (BR) Brazil Dec Manufacturing PMI: 51.1 v 52.2 prior
- (US) ICSC/GS weekly chain store sales w/e Dec 30th w/w: +0.6%; y/y: +2.7%
- (PL) Poland Q3 Current Account: -3.4B v -2.5Be
- (DE) Germany Dec Preliminary Consumer Price Index M/M: 0.9% v 0.7%e; Y/Y: 2.1% v 1.9%e
- (DE) Germany Dec CPI EU Harmonized M/M: 1.0% v 0.7%e; Y/Y: 2.1% v 1.9%e
- (US) Redbook Retail Sales w/e Dec 30th: +2.9% y/y prior; Dec MTD: 0.1% m/m prior; Dec MTD: 2.5% y/y
- (US) Dec Markit PMI Manufacturing: 54.0 v 53.6e
- (EU) ECB weekly Forex Reserves w/e Dec 30th 226.4B v 226.1B prior
- (US) Nov Construction Spending M/M: -0.3% v +0.6%e
- (US) Dec ISM Manufacturing: 50.4e; Prices Paid: 50.7 v 50.8e

- Global equity markets are surging in the first session of 2013 thanks to (or despite) Congress's passage of a deeply flawed solution to the fiscal cliff. The DJIA and S&P500 are both up 2% and the Nasdaq is up 2.5%. The Russell 2000 pushed out to new all-time highs above 870 before declining a bit. The Dow Jones transports broke above 2012 highs to levels not seen since 2011. The leading European indices are only a bit below their session highs.

- While the tax component of the fiscal cliff has been resolved, the spending component still requires work. The compromise bill delayed the so-called "sequester" for two months while Congress works on a plan replace them. This means that Congress will be reckoning with the debt ceiling at the same time it decides on new spending cuts. President Obama has said Congress must raise the debt ceiling without concessions or debate, while the GOP have repeatedly threatened to extract more cuts in any debt ceiling vote.

- There has been plenty of chatter this morning that either Fitch or Moody's will cut the US sovereign rating imminently. Note that all three agencies currently have the US sovereign outlook at negative; both Fitch and Moody's has the US rating at AAA; S&P has the US rating at AA+ (after cutting it from AAA back in Aug 2011). In late December, Fitch warned that if negotiations on the fiscal cliff and the debt ceiling extended too far into 2013, the US sovereign rating could be subject to review. Moody's warned that the US needs to maintain a downward trend in the debt/GDP ratio, and if negotiations failed to produce a plan sustaining this trend there could be a ratings downgrade.

- In the Asia session, EUR/USD nearly topped the 1.33 level last seen in April of 2012. The pair has gapped lower through the US open, to drop to 1.3226 as of writing. With risk on, there has been a big rotation out of safe havens, which is seen in lower peripheral yields and slightly higher bund yields.

- The most impactful equity story of the morning has been Avis's deal to acquire car sharing firm Zipcar, for $12.25 per share (a 49% premium the prior close). Note that Avis has been relegated to number three position after Hertz beat Avis and finally bagged Dollar Thrifty in August. Zipcar, founded more than 10 years ago, pioneered car-sharing services in the United States. Shares of CAR are up more than 5%.

***Looking Ahead***
- 11:30 (US) Treasury to sell 4-Week Bills
- 12:00 (IT) Italy Dec New Car Registrations Y/Y: No est v -20.1% prior
- 12:00 (IT) Italy Dec Budget Balance: No est v -4.3B prior; Budget Balance YTD: No est v -62.9B prior
- 12:00 (BR) Brazil Dec Trade Balance: $1.6Be v -$186M prior; Exports: $20.0Be v $20.5B prior; Imports: $18.8Be v $20.7B prior
- 13:00 (MX) Mexico Dec IMEF Manufacturing PMI: No est v 53.8 prior; Non-Manufacturing PMI: No est v 53.8 prior
- 13:00 (US) Treasury to sell 3-month and 6-month Bills
- 20:00 (CH) China Dec Final Non-manufacturing PMI: No est v 55.6 prelim

 

 

 

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 21 November 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:


Tue 21 Nov
15:00 US- Existing Homes Sales
23:00 US- Yellen Speech
Wed 22 Nov
13:30 US- Weekly Jobless
13:30 US- Durable Goods
15:00 US- final University of Michigan Survey
15:30 US- EIA Crude
19:00 US- FOMC Minutes
Thu 23 Nov
US/JP- Holiday
All Day flash PMIs
13:30 CA- Retail Sales
Fri 24 Nov
All Day flash PMIs
09:00 DE- IFO Survey
US- Early Closes

Forex Trading Outlook


Potential Trading Opportunities


  • POTENTIAL PRICE RISK: HIGH Mon -- 14:00 GMT EZ- Draghi speaks in Brussels. Looking for any policy hints or bias


  • POTENTIAL PRICE RISK: HIGH Tue -- 13:30 GMT US- Existing Homes Sales. Top Housing Statistic

  • POTENTIAL PRICE RISK: HIGH Tue -- 23:30 GMT US- Yellen Speech. Early evening. Looking for anything on policy


  • POTENTIAL PRICE RISK: Medium Wed -- 13:30 GMT US- Weekly Jobless, Durable Goods
  • POTENTIAL PRICE RISK: Medium Wed -- 15:00 GMT US- final University of Michigan Survey
  • POTENTIAL PRICE RISK: Medium Wed -- 15:30 GMT US- EIA Crude
  • POTENTIAL PRICE RISK: HIGH Wed -- 19:00 GMT US- FOMC Policy Minutes. Key policy release


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