User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday March 28, 2013 - 05:38:11 GMT
Trade the News Staff - www.tradethenews.com/freetrial.asp?gv

Share This Story:
| | Email

TradeTheNews.com Asian Market Update: Sell-off led by financials amid weak earnings and fears of property curbs in China; Italy, Cyprus continue to weigh on European concerns***Economic Data*** - Sour

(CN) CHINA FEB INDUSTRIAL PROFITS YTD Y/Y: 17.2% V 5.3% PRIOR (largest rise since Dec 2011) >- (JP) JAPAN FEB RETAIL TRADE M/M: +1.6% V 0.5%E; Y/Y: -2.3% V -1.8%E (biggest fall since Nov 2011); LARGE RETAILERS' SALES Y/Y: -3.7% V -1.5%E - (AU) AUSTRALIA MAR TD SECURITIES INFLATION M/M: 0.2% V 0.0% PRIOR; Y/Y: 2.1% V 2.4%E (8-month low) - (AU) AUSTRALIA DEC-FEB JOB VACANCIES Q/Q: -10.1% V -7.0% PRIOR - (AU) AUSTRALIA FEB PRIVATE SECTOR CREDIT M/M: 0.2% V 0.3%E (third consecutive increase); Y/Y: 3.4% V 3.5%E (10-month low rate of increase) - (NZ) NEW ZEALAND FEB BUILDING PERMITS M/M: 1.9% V 3.0%E - (NZ) NEW ZEALAND FEB MONEY SUPPLY M3 Y/Y: 6.6% V 6.4% PRIOR - (KR) SOUTH KOREA FEB CURRENT ACCOUNT: $2.71B V $2.33B PRIOR; GOODS BALANCE: $2.56B V $2.62B PRIOR - (SG) SINGAPORE FEB MONEY SUPPLY M1 Y/Y: 14.0% V 11.2% PRIOR; Y/Y: 9.7% V 8.5% PRIOR - (SG) SINGAPORE FEB CREDIT CARD BAD DEBTS (S$): 19.3M V 18.3M PRIOR; CREDIT CARD BILLINGS: 2.95B V 3.39B PRIOR; BANK LOANS & ADVANCES Y/Y: 19.6% V 18.3% PRIOR - (TH) THAILAND FEB MANUFACTURING PRODUCTION M/M: 1.2% V 3.5%E - (TH) Thailand Feb Customs Trade Balance: -$1.56B v -$5.5B prior - (UK) UK MAR GFK CONSUMER CONFIDENCE: -26 V -27E ***Markets Snapshot (as of 03:30 GMT)*** - Nikkei225 -1.6% - S&P/ASX -0.4% - Kospi -0.2% - Shanghai Composite -2.6% - Hang Seng -1.1% - June S&P500 -0.1% at 1,563 - Jun gold flat at $1,607/oz - May Crude Oil flat at $96.56/brl ***Observations/Insights*** - Though there was some subdued risk appetite sentiment ahead of the Easter holiday, all eyes remained focused on Europe, as banks and governments prepare for the opening of Cypriot banks after being closed for nearly two weeks. Political uncertainty in Italy added to the concerns in Europe. The possibility of forming a coalition was ruled out by the Democratic Party (DP) leader Pier Bersani, while Prime Minister Monti said the government cannot delay to have its mandate rescinded. The political impasse aided by a weak Italian 5-year note auction set the tone for a sell off on the Asian bourses. - Nearly all Asian markets were down, in particular the Shanghai, which tumbled my more than 2.6%. The banking sector was notably weak in a broad selling action. In China, several cities may begin issuing property curb measures beginning next month, while the Chinese banking regulator said it plans to tighten risk controls for rural banks, in addition to unveiling new banking regulations on risky products. - In his testimony to the House of Councilors, BoJ Governor Kuroda stated that Japanese economy has stopped weakening and should begin to show signs of a recovery by the middle of the year, even though a high degree of uncertainty remains due to the global concerns including the European financial crisis. Kuroda admitted that the central bank asset purchases and other easing strategies adopted thus far have not been sufficient to reach the inflation target, and again reiterated his plans to manage market expectations. ***Currencies/Fixed Income/Commodities*** - JGB: (JP) Japan MoF sells 2.66T in 0.1% 2-yr notes, Avg Yield: 0.06% v 0.047% prior; bid to cover: 5.48x v 5.14x prior - (JP) Japan investors sold net 490.5B in Foreign Bonds last week vs sold net 427.3B prior week; Foreign Investors sold net 267.6B in Japan stocks last week vs bought net 471.9B in prior week - SLV: iShares Silver Trust ETF daily holdings rise to 10,703 tons from 10,688 tons prior (highest level since Mar 17th) - (KR) South Korea Finance Ministry to sell $1B in fx stabilization bonds - Korean press - (CN) China PBoC drains net CNY57B from the money market this week vs a drain of CNY47B prior (6th straight weekly drain) - JGB: 10-yr yield falls to 0.51%; lowest since June 2003 - Currency traders continue to find Diet testimonty of the new BOJ governor Kuroda underwhelming, as Japanese yen gained during his set of remarks before lawmaker for the 2nd time this week. USD/JPY briefly fell below 94, while AUD/JPY fell below 98 and EUR/JPY traded through 120.20, down by nearly 50 pips from session highs across the board. AUD was the second biggest mover among the majors, falling about 40pips from session highs below $1.0420 after China open, as financials-driven risk aversion on the mainland seeped into Aussie selloff. ***Speakers/Political/In the Papers*** - (UK) Egan Jones cuts UK sovereign rating one notch to A+ from AA- - (CY) MOODY'S LOWERS CYPRUS'S COUNTRY CEILINGS TO CAA2; NEGATIVE OUTLOOK; CA3 sovereign rating and negative outlook remain unchanged - (IR) MOODY'S AFFIRMS IRELAND BA1 SOVEIGN RATINGS; NEGATIVE OUTLOOK REMAINS - (PT) MOODY'S AFFIRMS PORTUGAL BAA3 SOVEREIGN RATING; OUTLOOK NEGATIVE REMAINS - (RU) Moody's affirms Russia Baa1 govt bond rating, Outlook Stable - (PT) Portugal Fin Min: Expects euro zone to extend the bailout loans' repayment period - (CY) Cyprus Finance Ministry to release decree on bank rules; rules will apply for seven days following publication - financial press - (CN) Several China cities may issue property curbs measures in April - financial press - (CN) China may cut certain taxes on shipping firms - Chinese press - (CN) Bank of China (BOC) economist: Sees China G2 GDP at 8.2%; sees room for Reserve Ratio cut before June - financial press - (CN) China Banking Regulatory Commission (CBRC): To tighten risk controls for rural banks; Will control lending to local govts - (PH) Philippines Central Bank Gov Tetangco: Sees other rating firms to upgrade Philippines soon; sees 2013, 14 inflation at lower end of target range - financial press interview - (KR) Bank of Korea (BOK): Mar current accounts surplus likely to be similar to Feb - financial press ***Equities*** - Japan Airlines 9201.JP: May report FY12 Op profit 190B v 186B prior guidance - Nikkei News - GS Yuasa 6674.JP: Japan Transport Ministry reported BA787 battery experienced thermal runaway in Jan incident - financial press - TM: Reports Feb domestic vehicle production -13.2% y/y - NSANY: Reports Feb domestic vehicle production -31.4% y/y - NSANY: Said to delay China growth target by one year - financial press - Kia 000270.KR: Exec: To launch new Cadenza model in May 2013; concerned about weakening JPY, strengthening KRW - NCM.AU: Cuts FY12/13 gold production guidance to 2.0M-2.15M oz (approx -10% from prior guidance); annual copper production guidance at 75K-85K tonnes unchanged; -7.2% >- NUF.AU: Reports H1 Net A$8.4M v A$18M y/y, underlying EBIT A$47.3M v A$37.8M y/y, Rev A$934M v A$862.7M y/y; -15.5% - LNC.AU: Confirms has raised $200M from convertible bonds; -15.4% - LEI.AU: Enters into agreement to sell approx 70% of Telco assets for A$619M to Canadian Fund - QAN.AU: Reports prelim Feb Passenger figures flat y/y - PAYX: Reports Q3 $0.40 v $0.39e, R$593.3M v $593Me; -0.6% afterhours - PVH: Reports Q4 $1.60 v $1.50e, R$1.64B v $1.59Be; Issues Q1 and FY13 guidance including impact of Warnaco acquisition; -4.0% afterhours >- RHT: Reports Q4 $0.36 (incl $0.03 retroactive reinstatement of US research tax credit) v $0.30e, R$348M v $350Me; Guides initial FY14 $1.31-1.35 v $1.38e, R$1.51-1.54B v $1.54Be - conf call; -3.9% 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."



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