User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday April 18, 2013 - 15:39:27 GMT
Trade the News Staff - www.global-view.com/forex-services/TTN/

Share This Story:
| | Email

TradeTheNews.com US Market Update: Softer economic data and Q1 earnings season remain a headwind for traders

TradeTheNews.com US Market Update: Softer economic data and Q1 earnings season remain a headwind for traders
Thu, 18 Apr 2013 11:23 AM EST

**Economic Data***
- (PT) Portugal Feb Current Account: -258.7M v -17.0M prior
- (RU) Russia Gold & Forex Reserve w/e Apr 12th: $521.3B v $516.9B prior
- (PL) Poland Mar Sold Industrial Output M/M: 9.2% v 10.0%e; Y/Y: -2.9% v -2.2%e
- (PL) Poland Mar Producer Prices M/M: -0.2% v 0.0%e; Y/Y: -0.6% v -0.4%e
- (US) Initial Jobless Claims: 352K v 350Ke; Continuing Claims: 3.068K v 3.075Me
- (US) Apr Philadelphia Fed: 1.3 v 3.0e
- (US) Mar Leading Indicators: -0.1% v +0.1%e
- (US) Weekly EIA Natural Gas Inventories: +31 BCF v +33 BCFe (first build of the year)

- US markets opened generally flat but another batch of softer US data and general uneasiness surrounding Europe are keeping a lid on sentiment. Indices moved to session lows after the April Philly Fed reading missed expectations falling to 1.3. The subcomponents didn't tell any better story, with new orders and employment figures falling back into negative territory. European rumors are once again percolating after a noticeable decline in French banks reignited chatter that a bank there could be running into trouble. The speculation initially weighed on sentiment but as talk of various denials and generally unlikeliness found their way into the market stock prices rebounded in Europe and the US. Treasury and Bund prices relinquished some of the bid associated with the unfounded French rumors and trade near unchanged.

- Earnings season is kicking into high gear and tech remains an early looser. Apple remains below $400 after yesterday's Cirrus Logic outlook. Ebay reported last night and the stock is off more than 4% following commentary that Europe was even weaker than they had anticipated. Sandisk has given back 3.5% after generally solid results could not support the recent price performance. Nokia has plummeted 10% after missing top line expecatations and guiding Devices & Services non-IFRS operating margin -6% to +2%. Smart device sales volumes were down almost 50% y/y.

- Companies historically tied closer to the business and economic cycle are doing better today. PPG has rallied 6% post results while Union Pacific and Verizon have added more than 4%. VZ wireless operating margins jumped while UNP beat on both the top and bottom line.

- Three IPOs opened for trade on the NYSE today and the performance is mixed. Intelsat opened below the offering price of $18, but the world's largest satellite service provided has since rallied towards $19/share. Taminco also opened below the offering price and the largest pure play producer of alkylamines remains below the IPO price of $15. Yesterday's hot IPO Fairway Holdings has seen the NYC grocer add to gains by trading above yesterday's NYSE opening price of $18.

- Markets will focus on the G20 Finance Minister & central bank summit in Washington the next two days. Dealers are expecting G20 to warn Japan and reiterate to pledge against competitive devaluations. The EUR/USD continued to consolidate its price action after comments from Bundesbank President Weidmann on Wednesday

- There has been some movement on the Italian political situation. Italy delegates failed to elected President on first vote (as expected) with a second vote schedule for this afternoon. Franco Marini received 521 votes in the first ballot, less than the expected 562. (**Insight: 672 votes needed in the first three rounds of the 1,007 delegates, 504 votes need on 4th vote)

**Looking Ahead***
All times listed for economic events are denominated in Eastern Standard Time (Add 4 hours for GMT equivalent)
- G20 finance ministers and central bankers meet in Washington DC
- 11:00 (CA) Bank of Canada's Carney Gives Interview in Washington
- 11:00 (US) Fed to purchase $2.75-3.50B in Notes
- 12:00 (US) Fed's Raskin Speaks in New York
- 12:00 (NO) Norway Central Bank (Norges) Gov Olsen in Oslo
- 13:00 (US) Treasury to sell $18B in 5-Year TIPS
- 13:30 (DE) German Chancellor Merkel at Euro crisis and energy event
- 16:15 (EU) ECB member Asmussen, EU officials Rehn and Regling wil Eurogroup chief Dijsselbloem in Washington
- 17:00 (CO) Colombia Feb Trade Balance: -$90.1Me v -$213.3M prior; Imports CIF: $4.8Be v $5.2B prior

 

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