Forex News Blog
Back to The Headlines
Monday February 4, 2013 - 21:38:23 GMT
Share This Story
global-view.com - www.global-view.com
CURRENCY WARS: EURUSD falls suddenly on political and banking worries in Europe. Japan FinMin Aso favors more JPY weakness
|CURRENCY WARS: EURUSD falls suddenly on political and banking worries in Europe. Japan FinMin Aso favors more JPY weakness|
5 February 2013 00:00 gmt
CALENDAR- Far East: AU- Trade, RBA. Europe: CH- Trade, EZ- final SVC PMI, Retail Sales, GB- SVC PMI. North America: US- SVC PMI, API Energy
- HIGH IMPACT ITEMS: AU- Trade, RBA Decision, EZ/GB- Service PMIs, EZ- Retail Sales. US- Service PMI
- CURRENCY WARS: Whoa talk about a reversal of fortunes. The EUR has suddenly become the focus of trade after political and banking scandals came to the fore during N.Y. trading hours. The EURUSD was in a leadership role and dragged the highly correlated equity indices lower.
- Worth repeating, Japanese FinMIn Aso Monday said that the government continues to seek a further weakening of the currency,
- On the other hand, over the weekend. French FinMin about the strength of the currency.
- Markets are starting to look ahead to possible fireworks at the G20 conference of FinMIns and Central Bankers in Moscow on February 15-16 . Many expect currency value manipulation (JPY) to be a major discussion topic.
- Except for Canada (Wed), Tuesday sees the final wave of PMI releases.
- This is also the first full week of the month so there will be a number of central bank meetings starting with the Reserve Bank of Australia on Tuesday. It has not met since early December. The tone of the RBA policy statement will be watched as closely as their rate posture. On Thursday, both the Bank of England and European Central Bank will announce their latest policy decisions. No rate changes are foreseen. a slew of U.K. data are due over the week while this is a relatively slow period for high-impact data items from the U.S. .
- The key EURUSD 20-day moving average is 1.3372. the 10-yr bund is 1.62%, -4 bp. European bourses are down. U.S. shares are lower. The U.S. 10-yr is 1.97%, -4bp.
- Key Far East bourses were mixed. The 10-yr JGB is 0.81%, +4bp. The USDJPY 20-day average is 89.84. EURJPY 20-day average is 120.61.
FX Trade Talk: What's moving markets-- Commentary, data. and data charts posted continuously on FOREX FORUM
John M. Bland, an author and a founding partner of Global-View.com has been a forex trader and a FX analyst for a top N.Y. Fed watching service. Previously he was an FX consultant to major institutions. John has an MBA in International Finance and an A.B. in Economics from the University of California at Berkeley.
|Copyright, all rights reserved 2013|
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
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
Tue 17 July 2018
AA: Major, A: High, B: Medium
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.com
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.
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.