User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Monday February 25, 2013 - 07:05:09 GMT
Trade the News Staff - www.tradethenews.com/freetrial.asp?gv

Share This Story:
| | Email

TradeTheNews.com Asian Market Update: China Flash Manufacturing PMI falls to 4-month low; ADB's Kuroda said to be nominated as next BOJ Gov, sends USD/JPY to 33-month highs - Source TradeTheNews.com

- (CN) CHINA FEB HSBC FLASH MANUFACTURING PMI: 50.4 V 52.2E (4-month low) - (JP) JAPAN JAN CORPORATE SERVICE PRICE INDEX Y/Y: -0.2% V -0.2%E (8th straight decline) - (SG) SINGAPORE JAN CPI M/M: 0.2% V 0.7%E; Y/Y: 3.6% V 4.0%E (matches slowest annual rate since Oct 2010) ***Markets Snapshot (as of 04:30 GMT)*** - Nikkei225 +2.0% - S&P/ASX +0.8% - Kospi -0.2% - Shanghai Composite +0.3% at 2,320 - Hang Seng flat at 22,788 - Mar S&P500 flat at 1,514 - Apr gold flat at $1,583/oz - Apr Crude Oil -0.1% at $93.06/brl ***Notes/Observations*** >- GBP opens sharply lower in the wake of UK rating downgrade by Moody's late on Friday. - USD/JPY at new 33-month highs as Kuroda is tagged as the likely next BOJ chief; ADB's Kuroda previously called USD/JPY at 120 as still too strong for yen. - China HSBC flash manufacturing PMI falls to 4 month lows after posting 2-year highs in Jan; HSBC economist still sees recovery as intact; AUD falls below $1.0270. - China State Counces launches 5 specific steps to curb home prices, including expanded trial property tax beyond Shanghai and Chongqing - HK press. - China raises fuel prices; first adjustment since a cut last November. - Australia closes iron ore ports ahead of cyclone. ***Speakers/Political/In the Papers*** - (CN) China Academy of Social Sciences (CASS) sees 2013 China GDP at 8.2% - financial press - (CN) HSBC economist: "The underlying strength of the Chinese growth recovery remains intact, as indicated by still expanding employment and the recent pick-up of credit growth... We expect Beijing to keep a relatively accommodative policy in place - (CN) China State Council: Launches 5 specific steps to curb home prices - HK press >- (CN) China National Development and Reform Commission (NDRC): Raises retail price ceiling on fuel effective today, as expected - (CN) China Securities Regulatory Commission (CSRC) may soon relax restictions on Renminbi Qualified Foreign Institutional Investors (RQFII) - Chinese press - (CN) China Stats Bureau: Average price of vegetables fell 11.2% in the Feb 10-22nd period; Prices of pork were down slightly - (CN) Shanghai new home sales +601% w/w; new home prices -3.9% w/w - Uwin - (CN) China State Administration of Foreign Exchange (SAFE) unit Gingko Tree Investment has purchased $1.6B of U.K. property - U.S. financial press - (CN) Shanghai car license plate sold for record price - Chinese press - (JP) Japan Chief Cabinet Sec Suga: PM Abe has not yet decided on next BoJ gov - financial press >- (JP) Japan DPJ (opposition): ADB's Kuroda fits the criteria for next BoJ Gov; difficult to oppose nomination - financial press - (JP) Fitch: Japan Major banks are better positioned against interest rate risk; capitalisation improvements notable - financial press - (JP) Japan's Business Lobby Group (Keidanren) chief Yonekura states that ADBs Kuroda is acceptable as BoJ gov - financial press - (JP) Follow-up: BOJ Gov nominee Kuroda must still be confirmed by parliament, which needs support from opposition-controlled upper house - financial press - (JP) Japan PM Abe cabinet support rising to 72.8% in Feb - Kyodo - (KR) South Korea Ministry of Land, Transport, Maritime Affairs (MLTM): Jan building permits fell 18.6% y/y to 24.0K - Korean press - (TR) German Chancellor Merkel: In favor of opening "new chapter" in talks over Turkey joining EU; While still skeptical, talks need to progress - (EG) Egypt opposition leadership's ElBaradei calling on supporters to boycott the April 27th parliamentary elections - financial press ***Currencies*** - USDJPY gapped higher at the start of Asian trading through 94.75 after reports of Haruhiko Kuroda selection for BoJ Chief, its highest level since Apr 2010. The pair retraced those gains however before finding strong support at on the 94 figure levels as Kuroda seemed to face little opposition to his appointment as BoJ governor with supportive statements coming from Japan's Business Lobby Group (Keidanren) chief Yonekura and Japan opposition party DPJ. - GBPUSD gapped lower at the start of currency trading in Asia falling through the $1.5080 level, the lowest level since June 2010 in the wake of a Moodys cut of UK rating late on Friday. GBPUSD retraced its losses throughout the Asian session, reclaiming the $1.51 handle to reach a high at 1.5135 before consolidating around 1.5120. - AUDUSD opened slightly lower around $1.03 but fell over 20 pips through 1.0270 after a worse than expected China HSBC Flash PMI reading, eventually reaching a session low of 1.0260. SGD also steadily weakened above the 1.24 handle but retraced those gains below the figure in spite of the weaker than expected Singapore CPI. ***Fixed Income/Commodities*** - GLD: SPDR Gold Trust ETF daily holdings fall by 9.6 tons to 1,280.7 tons (lowest since 1279.0 on Aug 21st) - update as of Feb 22nd - (CN) China National Bureaus of Statistics: 2012 use of coal amounted to 3.62B, +3.9% vs 2011 - financial press - (AU) Australia's Pilbara region iron ore ports of Hedland and Dampier were closed on Sunday because of approaching Cyclone Rusty - financial press ***Equities*** - ANA 9202.JP: Will cancel 1,250 domestic B787 flights from Mar 31-May 31 - Japan press - 8031.JP: Mitsui, Softbank looking into possibility of importing Russia electricity - Japanese press - Samsung Electronics 005930.KR: Plans to releases Galaxy Note 8.0 during Apr-Jun period - financial press - BHP: Incoming CEO MacKenzie: Cost reduction and improved productivity are a priority for the next 5 years amid a slowdown in demand - financial press - LEI.AU: Awarded expanded A$975M contract for Gorgon natural gas project - financial press - NAB.AU: Signs MOU with China Development Bank, will cooperate on projects - financial press - CTX.AU: Reports FY12 Net A$57M v loss A$714M y/y, Rev A$23.3B v A$22.1B y/y - Source

 

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