User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday March 21, 2013 - 06:58:12 GMT
Trade the News Staff -

Share This Story:
| | Email Asian Market Update: China Flash PMI recovers in March, but Australia political turmoil and North Korea saber-rattling spoil the risk-on rally - Source

- (CN) CHINA MAR HSBC FLASH MANUFACTURING PMI: 51.7 V 50.8E (5th straight month of expansion) >- (NZ) NEW ZEALAND Q4 GDP Q/Q: 1.5% V 0.9%E (highest reading since Q4 2009); Y/Y: 3.0% V 2.3%E - (NZ) NEW ZEALAND FEB CREDIT CARD SPENDING M/M: +3.3% V -2.5% PRIOR; Y/Y: 4.7% V 0.4% PRIOR (11-month high) - (AU) AUSTRALIA FEB RBA FOREIGN EXCHANGE TRANSACTIONS (A$): 328M V 393M PRIOR - (AU) AUSTRALIA Q4 CBAHIA HOUSE AFFORDABILITY Q/Q: 68.9 V 65.8 PRIOR (8th consecutive increase) - (JP) JAPAN FEB MERCHANDISE TRADE BALANCE TOTAL: -777.5B V -855.9BE; ADJUSTED MERCHANDISE TRADE BALANCE: -1.09T V -1.10TE (biggest deficit on record) - (KR) SOUTH KOREA FEB DISCOUNT STORE SALES Y/Y: +8.9% V -24.6% PRIOR; DEPARTMENT STORE SALES Y/Y: +1.7% V -8.2% PRIOR ***Markets Snapshot (as of 03:00 GMT)*** - Nikkei225 +1.2% - S&P/ASX flat - Kospi +0.2% - Shanghai Composite +0.3% - Hang Seng +1.0% - June S&P500 flat at 1,550 - Apr gold flat at $1,606/oz - May Crude Oil +0.2% at $93.35/brl ***Observations/Insights*** - Asian equity markets tracked the gains in the US indices, where "steady as she goes" Fed policy statement - along with some slight downward adjustment in 2013 GDP top end target range - reaffirmed investors' expectations the Fed remains far from considering its QE exit step. US markets saw some modest profit-taking during the Bernanke Q/A component, as the Fed chairman expressed little concern over European turmoil and also reiterated there's a possibility of varying the pace of asset purchases. - Cyprus situation remains very much unresolved; Fin Min Sarris is still in Moscow trying to shore up Russian commitment to a 2.5B loan while Cyprus banks will remain closed until Tuesday. A US press report at the tail end of the US session indicated "Plan B" would involve some Russian aid and a reduced levy on bank deposits, with a parliament vote expected to take place later today, even though there is little sign the Troika would be any less reluctant to varying its offer based on last night's skepticism of the alternative. - USD/JPY moved above 96 after Nikkei News report that the new BOJ Gov Kuroda would signal a policy shift to pursue easing "both in terms of quantity and quality"; Press conference expected at 09:00GMT (05:00ET); Japan trade deficit was slightly lower than expected, briefly sending the pair back below the 96 figure. - China HSBC Flash Manuf PMI for March topped estimates, coming in above the expansion threshold level of 50 for the 5th consecutive month. Front month copper and AUD/USD hit session high. The latter retreated right away, with political standoff in Australia coming to a head. After weeks of tension, PM Gillard accepted a party leadership challenge, as opposition called for a no-confidence motion. - New Zealand Q4 GDP saw its highest q/q increase in 3 years, sending NZD/USD up some 60pips above $0.8270. Analysts have called this a game changer in terms of RBNZ policy bias. Note much of the increase was in private consumption - a factor of the rising property sector - while the more recent sentiment has been more cautious because of the drought headwinds of recent weeks. ***Currencies/Fixed Income/Commodities*** - (CN) China PBoC to sell CNY48B in 28-day repos - financial press ***Speakers/Political/In the Papers*** - (JP) North Korea military said to be threatening to target US airbase in Okinawa and aircraft carriers - financial press - (AU) Australia PM Gillard agrees to call for vote over party leadership at 05:30GMT - (AU) RBA Quarterly Bulletin: Strong growth in Asia is expected to continue to provide significant benefits for the Australian economy. Most notable so far has been the resources boom. The surge in investment in the resources sector has been in progress for some years and still has some way to run, with resource investment expected to peak as a share of GDP sometime over the course of this year, but remain quite high for a time. - (NZ) Westpac: Strong New Zealand Q4 GDP is a significant development; Brings RBNZ a step closer to a rate hike - (NZ) New Zealand Fin Min English: Expects economy to continue growth, on track for 2-3%+ growth over next few years - (CN) China Academy of Social Sciences (CASS) researcher Liu: Sees Mar CPI around 2.5%, down from 10-month high of 3.2% in Feb - Chinese press - (JP) BoJ Gov Kuroda to call for bold easing; New policy shift to pursue easing "both in terms of quantity and quality" - Nikkei News - (JP) Japan BoJ Gov Kuroda: To discuss policy at press conf today at 05:00 EST (09:00 GMT)- financial press - (KR) South Korea Mar 1-20th Exports y/y: +3.2% - financial press - (IS) Israel PM Netanyahu: Diplomacy and sanctions have not stopped Iran; Iran has gotten closer to the "red line" and must face clear threat of military action - (CY) Cyprus govt officials noting the "Plan B" would involve some Russian aid and a reduced levy on bank deposits - financial press ***Equities*** - Korean Air 003490.KR: (KR) South Korea Ministry of Land, Transport and Maritime Affairs: Feb air traffic on international routes rose 7.3% y/y to 4.02M passengers - Korean press - Samsung Electronics 005930.KR: According to IHS, the cost of materials used in Galaxy S4 is around $236, up significantly from the prior model - DigiTimes - TM: (JP) President Toyoda: Welcomes Japan's participation in TPP trade discussions - HMC: Group of workers at a plant in China's Foshan said to have walked off the plant in protest of receiving smaller than agreed upon wage hikes - Nikkei News - SDL.AU: Chairman still said to be attempting to salvage a deal with Hanlong despite the arrest of its chairman - AFR - ORL.AU: Reports H1 Net A$16.4M v A$16.1M y/y, Rev A$101.5M v $99.1M y/y - FCG.NZ: Managing director McClure: To review domestic prices next week when it makes its next payout forecast announcement - NZ press - DELL: Blackstone said to have approached Oracle's Hurd regarding possibly running Dell - financial press >- ORCL: Reports Q3 $0.65 v $0.66e, R$9.00B v $9.38Be; Guides Q4 Non-GAAP EPS $0.85-0.91 v $0.88e, Non-GAAP Rev -1% to +4% y/y v (in USD and constant currency) v 4.5%e (implies $10.8-11.4B v $11.5Be) - conf call; -7.2% afterhours - GES: Reports Q4 $0.95 adj v $0.86e, R$815.1M v $783Me; Guides Q1 $0.05-0.10 v $0.28e, R$545-560M v $595Me; -6.5% afterhours - JBL: Reports Q3 $0.53 v $0.54e, R$4.42B v $4.42Be; -4.5% afterhours -


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.

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 3 Dec 2018
A All Day Final Mfg PMIs
Tue 4 Dec 2018
A 04:30 AU- Reserve Bank Decision
Wed 5 Dec 2018
A All Day Final SVC PMIs
A 04:30 AU- CPI
A 13:15 US- ADP Jobs
A 13:30 US- Productivity
A 15:00 CA- Bank Of Canada Decision
A 15:30 US- EIA Crude
B 19:00 US- Beige Book
Thu 6 Dec 2018
AA 12:45 EZ- ECB Decision
AA 13:30 US/CA- Trade
A 13:30 US- Weekly Jobless
Fri 7 Dec 2018
A 10:00 EZ- GDP
AA 13:30 US/CA- Employment
A 15:00 US- Final Univ of Michigan

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