User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday February 1, 2013 - 11:25:35 GMT
Trade the News Staff -

Share This Story:
| | Email EU Market Update: Major European PMI Manufacturing data continues to show improvement; Euro hits new trend highs against major pairs EU Market Update: Major European PMI Manufacturing data continues to show improvement; Euro hits new trend highs against major pairs
Fri, 01 Feb 2013 5:38 AM EST

- (JP) Nikkei225 Index ends session up 0.5% at 11,191 (highest since Apr 2010); longest weekly winning streak in 54 years

- SPX ends month with best Jan since 1989
- China Shanghai Composite at fresh 7-month high and 7 best weekly performance since Oct 2011
- Mixed overnight Chinese manufacturing PMI data (official and non-official) the recent positive tone to broad risk sentiment has been maintained with both reading remaining in expansion territory
-China Jan PMI Manufacturing (official reading) missed; 50.4 vs 51.0e
-China HSBC PMI Manufacturing beats; 52.3 vs 52.0e to 2-year high
- Australia Jan manufacturing PMI at 3.5 year lows
- Japan Jobless data missed expectations with first increase since April 2012 (4.2% vs 4.1%e)
-Japan Dec household spending misses: -0.7% vs -0.2%e
- European Manufacturing PMI data generally show improvement but still in contraction territory; German reading came in much better than expected.
- USD Index falls below the 79 handle for first time since Oct
- Netherlands Gov't confirmed it would nationalize SNS Reaal [SR.NL]
- Senate approves bill temporarily suspending debt ceiling

***Economic Data***
- (IE) Ireland Jan NCB Manufacturing PMI: 50.3 v 51.4 prior; 9-month low but 6th straight reading in expansion territory)
- (SE) Sweden Jan Swedbank PMI Survey:49.2 46.1e
- (FR) France Jan New Car Registrations -15% y/y
- (NO) Norway Jan PMI Survey: 50.5 v 50.4e
- (HU) Hungary Nov Final Trade Balance: 181.6B v 703.8M prelim
- (HU) Hungary Jan PMI Survey: 55.9 v 48.9 prior; highest since March 2012
- (TR) Turkey Jan Manufacturing PMI: 54.0 v 53.1 prior; 22-month high
- (PL) Poland Jan Manufacturing PMI: 48.6 v 48.8e
- (EU) ECB: 335M borrowed in overnight loan facility vs. 3.0B prior; 185.4B parked in deposit facility vs. 165.9B prior
- (ES) Spain Jan Manufacturing PMI: 46.1 v 45.5e; 21st straight reading in contraction territory
- (AT) Austria Jan unemployment rate: 9.3% v 8.6% prior
- (CZ) Czech Republic Jan Manufacturing PMI: 48.3 v 46.0 prior; 9th straight month of contraction
- (CH) Swiss Jan PMI Manufacturing: 50.5e v 49.5 prior; first growth in 10 months
- (CN) China Q4 Current Account: $65.0B v $70.8B prior
- (IT) Italy Jan PMI Manufacturing: 47.8 v 47.4e; highest since March 2012 but 18th straight month of contraction
- (FR) France Jan Final PMI Manufacturing: 42.9 v 42.9e; 11th straight month of contraction
- (DE) Germany Jan Final PMI Manufacturing: 49.8 v 48.8e; 11th straight month of contraction
- (EU) Euro Zone Jan Final PMI Manufacturing: 47.9 v 47.5e; 11th month high but also 11th straight month of contraction

- (GR) Greece Jan Manufacturing PMI: 41.7 v 41.4 prior; 41st straight month of contraction
- (IT) Italy Dec Preliminary Unemployment Rate: 11.2% v 11.2%e; highest since 1999
- (NO) Norway Jan Unemployment Rate: 2.7% v 2.7%e
- (ZA) South Africa Jan Kagiso PMI: 49.1 v 47.4 prior
- (UK) Jan PMI Manufacturing: 50.8 v 51.0e; second straight month of expansion
- (EU) Euro Zone Jan CPI Estimate Y/Y: 2.0% v 2.2%e
- (EU) Euro Zone Dec Unemployment Rate: 11.7% v 11.9%e

- (DK) Denmark Jan PMI Survey: 56.1 v 57.0 prior

Fixed Income:
- (ZA) South Africa sold total ZAR in I/L 2025, 2038 and 2050 bonds
- (IN) India sold total INR120B vs. INR120B indicated in 2020, 2025 and 2042 bonds


-Indices: FTSE 100 +0.70% at 6,319
, DAX +0.70% at 7,830, CAC-40 +1% at 3,768, IBEX-35 -1.2% at 8,267, FTSE MIB +0.10% at 17,457, SMI +0.30% at 7,415, S&P 500 Futures +0.40% at 1,499

- European equity markets are mostly higher ahead of the later today release of payrolls data out of the US. Spain's IBEX-35 has lagged, amid declines in financials after the country's market regulator failed to extend the ban related to the shorting selling of financial companies. Overall European banks are mixed, as French banks have outperformed. Resources related firms are broadly higher, tracking the gains in copper prices. In terms of the major European PMI data, m/m improvements were seen for Germany, Greece, Italy, Spain and Switzerland. UK PMI was below market expectations, while the French data was in line.

- UK movers [De La Rue +6% (trading update),BT +5% (Q3 results), Qinetiq +4% (contract award); Tate & Lyle -3% (trading update),Shell -0.90% (broker commentary)]
- Germany movers [Porsche +3% (settlement agreement), Deutsche Bank +0.50% (broker commentary); Bayer -0.30% (EU proposed suspension of neonicotinoids)]
- France movers [BNP +1.3% (broker commentary)LVMH +0.50% (FY12 results)]
- Spain movers [BBVA +0.30% (Q4, FY results)]
- Italy moves [Autogril +3% (may consider options for certain units),Banca Popolare di Milano +6% (speculation related to governance changes)]
- Sweden movers [Electrolux -2.6% (Q4 results)]
- Austria movers [Raiffeisen Bank -5% (profit warning, OMV -1% (Q4 trading update)]

- Portugal PM Coelho
: Have recovered credibility with creditors - comments from Parliament
- EU's Almunia: Received proposals from Google related to settling antitrust matters
- Italian election polls saw Berlusconi narrowing Bersani's lead to 5 pts. Bersani's coalition seen withl 32.8%, Berlusconi 27.8% (*Note: As recently as a month ago Bersani was seen with a lead of over 15 points)
- Japan Econ Min Amari: No comment on currencies (reply to reporters in Tokyo)
- China ex Vice Commerce Min Wei Jianguo: Foreign trade faces greater severity in 2013

- USD maintained a softer tone against the European currencies. The USD Index falls below the 79 handle for first time since Oct
- EUR/USD continued to move higher to new trend highs with dealers noting improvements in PMI Manufacturing data throughout most of Europe as the current catalyst. Also Euro was supported by another new low in 2 year forward points. Another key event will be the ECB's announcement of repayments of the 3 year LTRO funds. Dealers summed up its price action noting that it was 'pretty overbought' but hesitant calling the top. The Euro continued to be aided by cross-related flows. The EUR/JPY pair tested above the 126 handle for the first time since April 2010. The EUR/USD was at 1.3670 just ahead of the NY morning
- USD/JPY paused during the European morning. Some dealers noted that pair had achieved one technical objective at 92.30 from the breakout above 85 a few weeks back

Political/ In the Papers:
- (US) Senate approves debt ceiling suspension legislation; as expected; Bill will suspend the debt ceiling until May 19
- (ES) Spain market regulator allows short selling ban to end, will not further extend it
- (ES) El Pais has obtained internal accounting ledgers of the ruling Popluar party which show the group's leading members have taken payments on the side for years
- Dexia [DEXB.BE]: Seeking to reduce reliance on ECB funding - FT
- Barclays [BARC.UK]: UK's FSA is probing allegations that the firm lent Qatar's sovereign wealth fund money to acquire shares in the bank - FT
- (CN) China may defer expansion of property tax trials - China Securities Journal
- (JP) Fitch analyst: Risk of a funding shock in Japan is still remote - financial press

***Looking Ahead***
***All times listed for economic events are denominated in Eastern Standard Time (Add 5 hours for GMT equivalent)
- (RU) Russia Jan Reserve Fund: no est v $62.1B prior; Wellbeing Fund: No est v $88.6B prior
- (RO) Romania Jan Total International Reserves: No est v $35.4B prior
- (PE) Peru Jan Consumer Price Index M/M: 0.2%e v 0.3% prior; Y/Y: 2.9%e v 2.7% prior; Wholesale Prices M/M: No est v -0.1% prior
- 06:00 (BR) Brazil Dec Industrial Production M/M: -0.4%e v -0.6% prior; Y/Y: -4.8%e v -1.0% prior
- 06:00 (EU) ECB announces size of weekly LTRO repayment 20B v 137.2B prior
- 06:10 (UK) DMO to sell combined 2.5B in 1-month, 3-month and 6-month Bills
- 06:30 (US) Daily Libor fixing
- 07:00 (BR) Brazil Jan PMI Manufacturing: No est v 51.1 prior
- 08:30 (US) Jan Change in Nonfarm Payrolls: +165Ke v +155K prior; Change in Private Payrolls: +168Ke v +168K prior; Change in Manufacturing Payrolls: +10Ke v +25K prior
- 08:30 (US) Jan Unemployment Rate: 7.8%e v 7.8% prior; Underemployment Rate: No est v 14.4% prior; Change in Household Employment: No est v +28K prior
- 08:30 (US) Jan Avg Hourly Earning M/M: 0.1%e v 0.3% prior; Y/Y: 2.1%e v 2.1% prior; Avg Weekly Hours: 34.5e v 34.5 prior

- 08:30 (US) Fed member Dudley
- 08:58 (US) Jan Final Markit US PMI Manufacturing: 55.5e v 56.1 prelim:
- 09:00 (EU) ECB member Costa (Portugal)
- 09:55 (US) Jan Final University of Michigan Confidence: 71.5e v 71.3 prelim
- 10:00 (US) Jan ISM Manufacturing: 50.6e v 50.7 prior; Prices Paid: 56.0e v 55.5 prior

- 10:00 (US) Dec Construction Spending M/M: +0.6%e v -0.3% prior
- 10:00 (MX) Mexico Central Bank Economist Survey
- 10:00 (MX) Mexico Central Bank Monetary Policy Minutes
- 10:00 (MX) Mexico Dec Remittances: $1.7Be v $1.7B prior
- 12:00 (IT) Italy Jan New Car Registrations Y/Y: No est v -22.5% prior
- 12:00 (BR) Brazil Jan Trade Balance: -$3.4Be v +$2.3B prior; Exports: $16.9Be v $19.8B prior; Imports: $20.5Be v $17.5B prior
- 12:00 (IT) Italy Jan Budget Balance: No est v 14.1B prior; Budget Balance YTD: No est v -48.5B prior
- 17:00 (US) Jan Total Vehicle Sales: 15.20e v 15.30M prior; Domestic Vehicle Sales: 11.90Me v 11.97M prior



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.

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

Mon 3 Dec 2018
A All Day Final Mfg PMIs
Tue 4 Dec 2018
A 04:30 AU- Reserve Bank Decision
Wed 5 Dec 2018
A All Day Final SVC PMIs
A 04:30 AU- CPI
A 13:15 US- ADP Jobs
A 13:30 US- Productivity
A 15:00 CA- Bank Of Canada Decision
A 15:30 US- EIA Crude
B 19:00 US- Beige Book
Thu 6 Dec 2018
AA 12:45 EZ- ECB Decision
AA 13:30 US/CA- Trade
A 13:30 US- Weekly Jobless
Fri 7 Dec 2018
A 10:00 EZ- GDP
AA 13:30 US/CA- Employment
A 15:00 US- Final Univ of Michigan

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