Forex News Blog
Back to The Headlines
Monday February 25, 2013 - 10:52:27 GMT
Share This Story
global-view.com - www.global-view.com
Currency Wars continue. Italian elections end later today. Bernanke Tuesday and Wednesday. New BOJ head Kuroda?
|Currency Wars continue. Italian elections end later today. Bernanke Tuesday and Wednesday. New BOJ head Kuroda? |
25 February 2013 11:00 gmt
CALENDAR- Europe: IT- Elections (final day). North America: US- 2-yr
- HIGH IMPACT ITEMS: IT- National Elections
- CURRENCY WARS: The "Currency Wars" continue as various officials do what they can to manipulate the value of their currencies in their self-interest. We don't think the JPY devaluation efforts have ended in Japan, although they might have paused for a short while. Europe speaks with numerous voices, but Germany has been expressing satisfaction with the current level of the EUR and France wants it weaker. The U.S. doesn't say much these days but clearly would not be unhappy if the USD falls.
- Italian national elections started on Sunday and end later today. Markets do not have a good handle what will happen with the electorate unhappy with the present state of the economy. .
- Late on Friday Moody's took away the coveted AAA rating of the U.K. and downgraded it to Aa1 with a stable outlook. A downgrade was not unexpected but it came earlier than expected.
- In Japan a key item is is who will be appointed the next BOJ Governor. There were rumors over the weekend that former FinMin Kuroda will be getting the job some time after PM Abe returns from his U.S trip this weekend.
- Looking ahead, Tuesday and Wednesday will see key Congressional testimony by Fed Chairman Bernanke. Bond markets are looking for a clarifications of the latest Fed Minutes. Recall that Bernanke is in the "dove" camp at the Fed.
USDJPY 20-day average is 92.88. EURJPY 20-day average is 124.71. 10-yr JGB: 0.71%, -2bp. Key Far East bourses: HIGHER..
EURUSD 20-day average:1.3426.10-yr bund is 1.57%, 0bp. European bourses: UP
U.S. 10-yr 1.96%, -1bp. U.S. shares: UP..
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 corporate FX consultant for a major N.Y. bank, a forex trader for a major N.Y. institution, and an FX analyst for a blue chip Fed watching service.. 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."
Elevate Your Trading With The Amazing Trader!
The Amazing Trader includes:
Register To Test Your Amazing Trader
- Actionable trading levels delivered to YOUR charts in real-time.
- Live trading strategy sessions.
- Market Updates with Trading Tools.
Trading Ideas for 21 November 2017
Register for the Amazing Trader
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
All Day flash PMIs
13:30 CA- Retail Sales
Fri 24 Nov
All Day flash PMIs
09:00 DE- IFO Survey
US- Early Closes
Potential Trading Opportunities
John M. Bland, MBA
- 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
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..