User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Monday March 4, 2013 - 06:24:22 GMT
Trade the News Staff -

Share This Story:
| | Email Asian Market Update: Kuroda hints would consider longer-dated JGBs and push forward unlimited easing; China slumps on property curbs - Source

***Economic Data*** - (CN) CHINA FEB NON-MANUFACTURING PMI: 54.5 V 56.2 PRIOR (5-month low; 12TH STRAIGHT MONTH OF EXPANSION) - (AU) AUSTRALIA JAN BUILDING APPROVALS M/M: -2.4% V +2.8%E (2nd consecutive decline); Y/Y: 9.9% V 8.1%E - (AU) AUSTRALIA Q4 COMPANY OPERATING PROFIT Q/Q: -1.0% V -1.0%E (5th quarter of decline); INVENTORIES Q/Q: 0.2% V 0.6%e - (AU) AUSTRALIA FEB ANZ JOB ADS M/M: 3.0% V 0.6% PRIOR (2nd month of increase; biggest increase since Feb 2012) - (AU) AUSTRALIA FEB TD SECURITIES INFLATION M/M: 0.0% V 0.3% PRIOR (3-month low); Y/Y: 2.4% V 2.5% PRIOR - (NZ) NEW ZEALAND FEB ANZ COMMODITY PRICE: 1.0% V 0.3% PRIOR - (JP) JAPAN FEB MONETARY BASE Y/Y: 15.0% V 10.9% PRIOR (1-yr high) - (KR) SOUTH KOREA FEB CONSUMER PRICE INDEX (CPI) M/M: 0.3% V 0.5%E; Y/Y: 1.4% V 1.6%E; CORE CONSUMER PRICE INDEX: 1.3% V 1.2% PRIOR - (KR) SOUTH KOREA FEB HSBC MANUFACTURING PMI: 50.9 V 49.9 PRIOR (9-month high) - (UK) UK FEB LLOYDS BUSINESS BAROMETER: 13 V 15 PRIOR (6-month low) - (UK) UK FEB HOMETRACK HOUSING SURVEY M/M: 0.1% V 0.0% PRIOR (9-month high); Y/Y: -0.1% V -0.3% PRIOR (smallest decline since Aug 2010) ***Markets Snapshot (as of 05:30 GMT)*** - Nikkei225 +0.2% - S&P/ASX -1.5% - Kospi -0.5% - Shanghai Composite -2.9% - Hang Seng -1.5% - Mar S&P500 -0.4% at 1,510 - Apr gold flat at $1,576/oz - Apr Crude Oil -0.2% at $90.47/brl ***Notes/Observations*** - Shanghai Composite down sharply in the wake of property curbs announced late on Friday; State council said would enforce 20% tax on home sale profits, increase downpayments for second homes and raise interest rates on mortgages; China vanke limit down -10%; Shanghai property index -9%. - China non-manufacturing PMI released over the weekend at 54.5; 5-month lows. - China property curbs weighing on all risk-on trades; AUD, already under pressure after weak building approvals, took out 8-month lows below $1.0150, accelerating declines below $1.0120; SP500 futures down 8 handles at one point; Crude below $90.50; Copper below $3.50. - PBoC Dep Gov Yi: china prepared for currency war; Monitoring global central banks. - BOJ Gov Nominee Kuroda testifying before parliament in confirmation hearings hinting would buy more and longer-dated JGBs as well as consider pushing forward the start of the unlimited asset purchase program unveiled by BOJ in Jan. Would refrain from buying foreign bonds. - Euro holding steady above $1.30 despite threat of a euro referendum from Italy's Grillo and more popular discontent from Portugal; Troika back in Greece for week-long inspections. ***Speakers/Political/In the Papers*** - (CN) China PBoC Dep Gov Yi Gang: China is "fully prepared" for currency war but would rather abide by G20 conventions - Chinese press - (CN) PBoC adviser Song Guoqing: Pressure on PBoC to tighten policy and controls is abating; Inflation to be "relatively low" in March because of slowing increase in food price - financial press - (JP) China Dagong cuts Japan Credit Rating one notch to A from A+ - (JP) Opposition party (DPJ) will approve Kuroda as BoJ Gov - Japan press - (JP) BOJ said to shift its focus from controlling interest rates to expanding its balance sheet under the new leadership - NYTimes - (JP) EU Pres Van Rompuy and EC head Barroso to visit Tokyo at the end of March to launch free trade talks (FTA) with Japan - (AU) AUD/USD: Citi currency strategist Elmer expects RBA to hold rates at 3% this week but sees scope for more easing in the next 6 months - financial press - (AU) Fitch: Australia banks face softer environment in 2013, unlikely to result in negative rating action - (AU) Australia analysts say extensive cost cutting by companies will lead to downgrades of 2014 earnings forecasts - AFR - (NZ) New Zealand Feb Treasury Monthly Report: GDP growth increasing, boosted by housing market, Q4 GDP expected to be particularly strong - (IR) Iran atomic chief: Planning to install 3K new generation centrifuges at one of Iran's nuclear plants - (IT) Italy 5 star party leader Grillo: Italy may have to abandon the euro and return to the lire if conditions do not change; Need to renegotiate Italy's debt - German press - (PT) Eurozone fin mins to meet in Brussels on Monday to discuss Portugal request for more time in repaying its loans - financial press - (GR) Greece has started negotiations with troika this weekend as inspectors return to Athens for a week-long review of progress toward implementing austerity steps - financial press - (FR) France Fin Min Moscovici: Confident France can reach deficit below 3% of GDP in 2014; Will not implement more austerity this year - financial press - (EU) ESM chief Regling: Reservations in some European states may eventually stop the use of ESM for bank recapitalization - German press - (US) Fed chairman Bernanke: Ending easy monetary policy too soon would be costly to economy and may undermine financial stability - update as of Mar 1st - (US) House speaker Boehner: Held talks with Pres Obama regarding sequester spending this weekend; Made no progress to shut off the budget cuts ***Currencies*** - Asian currencies were under pressure all session as negative Europe news over the weekend and the introduction of additional China property cooling measures set a negative tone early. AUDUSD opened close to the 1.02 handle early but quickly fell 15pips to 1.0180 following the release of worse than expected Jan Building Approvals. Equity market openings in Australia, Korea, and Japan were muted, and AUDUSD and NZDUSD pared some of their early session declines. NZDUSD was buoyed by a positive report from the New Zealand Treasury noting retail sales and housing remained strong, but AUD failed to find its footing and the AUDNZD cross quickly fell after the report to 1.2360. USDJPY rose to a 93.70 high as BoJ Nominee Kuroda began his confirmation hearing in Japan parliament, and his dovish statements on bond buying and meeting the 2% inflation target were negative for JPY. EURJPY reached a high of 121.97 as the EURUSD found footing above the 1.30 handle. The open of China stocks then shook the currency market as all China equity indices suffered heavy losses led by homebuilders as investors digested the negative effects of the new China property cooling measures. USDJPY quickly reversed and hit 93.27 low, while AUDUSD and NZDUSD followed the decline in equity indices to slide further to 1.0115 and 0.8200 - 8month and 2month lows respectively. USDSGD hit a 6-month high of 1.2460 and USDKRW traded in the 1090 levels, as the session took a decidedly risk off tone. USDCNY reference rate was also slightly weaker at 6.2822 from 6.2798 prior. ***Fixed Income/Commodities*** - (CN) China Stats Bureau: China late-Feb pork prices decline by around 4.8% - Chinese press - (AU) Macquarie analyst: Iron ore most likely overpriced at today's levels - financial press - GLD: SPDR Gold Trust ETF daily holdings fall by 0.6 tons to 1,253.9 ton (lowest since 1,251.9 on Aug 2nd; 9th consecutive session of decline) - update as of Mar 1st - SLV: iShares Silver Trust ETF daily holdings rise to 10,650 tons from 10,638 tons prior (highest since 10,690 on Jan 23rd) - update as of Mar 1st ***Equities*** - Kia 000270.KR: Reports Feb vehicle sales -15% y/y to 205.4K units - SNE: US financial press comments on high expectations of its new Xperia Z smartphone - RIO.AU: China H1 expected to be strong, will moderate in H2, iron ore supply vulnerable to downside shocks - company presentation - Lynas LYC.AU: Eric Noyerz will become new CEO effective Mar 31, 2013; Nicholas Curtis will remain on Board as non-executive Chairman - Rusal 486.HK: Reports Q4 Adj EBITDA $221M v $207.6Me, Rev $2.6B -6.5% y/y; FY12 Adj EBITDA $915M v $847.6Me, Rev $10.9B -11.4% y/y; Will reduce primary aluminium production at the less efficient aluminium smelters by 300,000 tonnes by year-end (7% reduction) - LVS: Said to have admitted that it may have violated US laws against bribing foreign officials - US press citing recent filing - 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."

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