User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday February 21, 2013 - 16:43:04 GMT
Trade the News Staff -

Share This Story:
| | Email US Market Update: Market Pulls Back from Highs on FOMC Minutes, European PMI Softness US Market Update: Market Pulls Back from Highs on FOMC Minutes, European PMI Softness
Thu, 21 Feb 2013 11:20 AM EST

***Economic Data***
- (PT) Portugal Dec Current Account: -43.1M v -277.7M prior
- (UK) Feb CBI Industrial Trends Total Orders: -14 v -15e; Selling Prices: +20 v +15e
- (IE) Ireland Jan CPI M/M; -0.5% v +0.1% prior; Y/Y: 1.2 v 1.2% prior
- (IE) Ireland Jan CPI EU Harmonized M/M; -0.6 v 0.0% prior; Y/Y: 1.5 v 1.7% prior
- (IE) Ireland Jan PPI M/M; -0.3 v -0.9% prior; Y/Y: -0.4 v +1.3% prior
- (US) Jan Consumer Price Index M/M: 0.0% v 0.1%e; Y/Y: 1.6% v 1.6%e
- (US) Jan CPI Ex Food & Energy M/M: 0.3% v 0.2%e; Y/Y: 1.9% v 1.8%e
- (US) Jan Consumer Price Index NSA: 230.280 v 230.300e; CPI Core Index SA: 232.108 v 231.938e
- (US) Initial Jobless Claims: 362K v 355Ke; Continuing Claims: 3.148M v 3.150Me
- (US) Feb Preliminary Markit PMI Manufacturing: 55.2 v 55.5e
- (MX) Mexico Dec Retail Sales: -1.8% v +2.0%e
- (US) Commercial Paper outstanding w/e Feb 14th; -$22.4B v -$13.1B prior; Total CP Outstanding: $1.063T
- (US) Feb Philadelphia Fed: -12.5 v +1.1e
- (US) Jan Existing Home Sales: 4.92M v 4.90Me
- (US) Jan Leading Indicators: 0.2% v 0.2%e
- (US) Q4 MBA Mortgage Delinquencies: 7.09 v 7.4% prior; Mortgage Foreclosures: 3.74 v 4.07% prior

- US equities are in the red this morning as traders pull back in the wake of the FOMC minutes, plus more weak European PMI readings and China's moves to further tighten the property market. The DJIA is down 0.45%, the S&P500 is down 0.61% and the Nasdaq is down 0.78%.

- Contrasting sharply with the very good Feb Empire Manufacturing survey last week, today the Feb Philly Fed index dropped to its lowest level since last June, firmly in contraction territory. In addition, the Markit Feb flash PMI fell to 55.2 from 55.8 last month. On the housing front, the NAR's Jan existing home sales survey was decent, showing a very slight gain from December's figure.

- Markets continue to react to yesterday's FOMC minutes disclosure. In the minutes, it was clear that there is growing anxiety on the committee about monthly bond purchases. The statement read that "an ongoing evaluation of the efficacy, costs, and risks of asset purchases might well lead the committee to taper or end its purchases before it judged that a substantial improvement in the outlook for the labor market had occurred." The punchbowl is still on the table, but the Fed clearly wants to make it harder to access.

- Walmart offered a mixed Q4 report. Earnings grew solidly and beat expectations, however revenue was lower than expected. The company confirmed that February comps were weak (in line with a leaked internal communications out last week), blaming a delay in income tax refunds, but it also said that comps had normalized by mid month. Note that Walmart also hiked its dividend 18%.

- Verifone slashed its Q1 outlook yesterday evening, warning that both Q1 and Q2 results would be way below expectations. The firm blamed conditions in Europe, increased deferred payments and several customers delaying big new projects. Multiple analysts cut their ratings and PTs on the firm, and PAY is down nearly 40%.

- AZZ is down 8% after the firm cut its FY13 forecast slightly. The company cited customers deferring orders due to the December/January slowdown.

- Molina Healthcare slightly reduced its FY13 guidance due to issues related to a recent convertible note sale, on some incremental items. Shares of MOH are flat on the day

- AIG has been much discussed this morning, after a Goldman Sachs report asserted that the firm has replaced Apple as the hedge fund industry's favorite stock, according to quarterly filings.

- Linn Energy is continuing to expand its oil position by acquiring Berry Petroleum in a $4.3B all-stock transaction. The addition of Berry's properties will increase Linn's production by 30%, or about 240 million cubic feet equivalent per day. Shares of LINE are up about 3%.

- Chesapeake Energy said it would complete its search for a new CEO by April. The firm's Q4 results were better than expected, thanks to lower expenses and better oil profits. Shares of CHK are around unchanged on the day after gaining 2% in the premarket.

- Shares of Safeway are up 6% after the firm's net profit rose sharply y/y and beat expectations.

- Shares of Valassis Communications are down 9% after the firm Q4 earnings missed expectations on a sizable y/y decline.

***Looking Ahead***
All times listed for economic events are denominated in Eastern Standard Time (Add 5 hours for GMT equivalent)
- 12:30 (US) Fed's Bullard speaks About Monetary Policy in New York
- 13:00 (US) Fed's Williams Speaks on Monetary Policy in New York
- 13:00 (US) Treasury to sell $9.0B in 30-Year TIPS
- 13:15 (UK) BOE member Miles
- 14:00 (AR) Argentina Jan Trade Balance: $450Me v $529M prior
- 17:00 (IT) Italy PM Monti
- 17:30 (AU) Austral Central Bank (RBA) Gov Stevens semi-annual testimony to panel in Canberra




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

Mon 10 Sep 2018
AA 08:30 GB- GDP, Trade, Output
Tue 11 Sep 2018
AA 08:30 GB- Employment Decision
A 09:00 DE- ZEW Survey
Wed 12 Sep 2018
A 12:30 US- PPI
A 14:30 US- EIA Crude
A 18:00 US- Beige Book
Thu 13 Sep 2018
A 1:30 AU- Employment
AA 11:00 GB- Bank of England Decision
AA 11:45 EZ- European Central Bank Decision
A 12:30 US- Weekly Jobless
AA 12:30 US- CPI
Fri 14 Sep 2018
A 08:30 GB- GDP
AA 12:30 US- Retail Sales
A 13:15 US- Industrial Production
AA 14:00 US- prelim University of Michigan

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