User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Monday May 6, 2013 - 07:04:17 GMT
Trade the News Staff - www.tradethenews.com/freetrial.asp?gv

Share This Story:
| | Email

TradeTheNews.com Asian Market Update: Expectation for an RBA rate cut tomorrow building following retail sales decline***Economic Data*** - Source TradeTheNews.com

(AU) AUSTRALIA MAR RETAIL SALES M/M: -0.4% V +0.1%E (first decline in 3 months) - (AU) AUSTRALIA Q1 RETAIL SALES EX INFLATION Q/Q: 2.2% V 1.7%E - (AU) AUSTRALIA APR ANZ JOB ADVERTISEMENTS: -1.3% V -0.5% PRIOR (3-month low) - (AU) AUSTRALIA APR TD SECURITIES INFLATION M/M: 0.3% V 0.2% PRIOR; Y/Y: 2.1% V 2.1% PRIOR >- (CN) CHINA APR HSBC SERVICES PMI: 51.1 V 54.3 PRIOR (lowest reading since Aug 2011) - (CN) China Mar Leading Index: 99.38 v 99.98 prior - (TW) TAIWAN APR CPI: 1.0% V 1.3%E; WPI: -3.7% V -3.0%E - (KR) SOUTH KOREA APR FOREIGN EXCHANGE RESERVES: $328.8B V $327.4B PRIOR (3-month high) ***Markets Snapshot (as of 02:30 GMT)*** - Nikkei225 closed - S&P/ASX +1.0% - Kospi +0.4% - Shanghai Composite +0.8% - Hang Seng +1.0% - Jun S&P500 +0.1% at 1,610 - Jun gold +0.9% at $1,477/oz - Jun Crude Oil +1.0% at $96.56/brl ***Observations/Insights*** - Asian stock markets and currencies were rallying following better than expected non-farm payroll data out of the US on Friday, with US markets closing at new highs. SP500 breached above 1,600 while Dow Industrials approached 15K level. Regionally, Australian stocks advanced early in the session led by resource and financial stocks. S&P/ASX got up as high as 5,200 - a technically pivotal level in the past. Investors remain focused on the Reserve Bank of Australia (RBA) rate decision tomorrow - fixed income markets are pricing in a greater than 50% chance that the RBA will cut rates, even as majority of analysts are still more reserved the RBA would act without first signalling an easing bias. Australia govt meanwhile reiterated its concern over high AUD as a key headwind to meeting its budget surplus projections. - In China, HSBC Services PMI data for April fell to 51.1 from 54.3 in the prior month, registering the slowest rate of expansion since August of 2011. The data suggested the weakest rate of expansion since last October. In addition, the employment sub-index reading of 49.6 was the first net reduction in staff numbers since Jan 2009. - In political news, the ruling National Front coalition of Malaysia won a simple majority in parliament with voters turning out in record numbers. The ruling party continues to hold on to power in the nation's entire independent history. The Ringgit gained on the election results with the Malaysian stocks hitting fresh all time highs, crossing the 1,720 level for the first time. - Japan markets remained closed for the second straight day, with trading set to resume tomorrow. - Oil prices gained over $2 amid rising Middle East tensions. Israel confirmed it conducted airstrike in Syria on Thursday targeting a shipment of advanced missiles, with subsequent reports suggesting a 2nd bombing may have taken place. Syria govt officials said the bombing by Israel amounts to declaration of war. - In the currency markets AUD was the most notable mover, falling about 25pip against the greenback following weak retail sales to a low of $1.0270. EUR/USD, GBP/USD, and USD/JPY were contained to 20-30 pip ranges around $1.3120, $1.5570, and 99.10 respectively, with Japan and UK markets closed for holiday. ***Fixed Income/Commodities*** - GLD: SPDR Gold Trust ETF daily holdings fall by 3.6 tons to 1,065.6 ton (lowest since 1,063.4 in Sept of 2009) - (CN) China Stats Bureau: Pork prices fall up to 0.9% in late April - financial press - (KR) South Korea sells 3-yr govt bonds; avg yield 2.51%; sells 30-yr govt bonds, avg yield 3.11% ***Speakers/Political/In the Papers*** - (JP) Japan warns Taiwan any boats operating outside agreed area will be seized - Kyodo News - (JP) Japan and Singapore reiterates cooperation in TPP free-trade discussions - Japanese press - (CN) China State Administration of Foreign Exchange (SAFE): Urges banks to strengthen forex inflow management - Chinese press - (CN) China Wenzhou City bad loan rate rises to 4.01% - Chinese press - (CN) China Ministry of Commerce (MOFCOM) researcher: China April export growth may be 10-13% v 10% in Mar >- (CN) China may increase deposit rate ceiling to 120% of benchmark this year - Chinese press - (CN) China April new yuan loans may be CNY800B v CNY1.05T m/m - Chinese press - (KR) Bank of Korea (BOK) gov Kim calling for more proactive govt action to spur economic growth - Korean press - (KR) China govt official reiterating China is opposed to a nuclear-armed North Korea - Korean press - (MA) Malaysia ruling National Front coalition wins majority in parliament; recent seat count at 133 > - (AU) Australia Parliamentary Budget Office (PBO) cuts mining revenue forecast on lower commodity prices - (AU) Australia PM Gillard: High AUD is squeezing exporters' profits and undermining govt tax revenues - financial press - (AU) TD Securities head of Asia-Pac research Beacher: Still prudent for RBA to keep cash rate at 3.00% but signal an easing bias - SMH - (NZ) New Zealand Fin Min English: Still on track to achieve surplus in FY14/15 - financial press - (IN) India Foreign Min Khurshid warns he may cancel planned trip to Beijing if the two sides cannot resolve dispute related to alleged China incursion inside Indian-claimed territory at the Himalayan border - financial press - (IN) India Central Bank Gov Subbarao: "Baseline case is that the possibility of easing is practically non-existent" - financial press - (SG) Singapore to overtake Switzerland as the biggest offshore wealth center by 2020 - Wealthsight - (EU) German Fin Min Schaeuble: Decision to allow France two more years to meet EU deficit target of 3% is in line with its " flexibility in applying the rules" - financial press - (EU) EC head Barroso: Germany's Merkel is not to blame for austerity imposed on certain eurozone states - German press - (FR) France Fin Min Moscovici: Witnessing the end of "dogma of austerity" - European press - (IT) Italy PM Letta: Reiterates planning to suspend property tax; Will look to modify electoral laws - press ***Equities*** - Sharp 6753.JP: May report FY12/13 net loss around 500B, return to profit in FY13/14 - Nikkei News - TM: May report FY12/13 op profit around 1.3T, up about 150B from prior guidance; Group sales seen up 16% y/y at 9.69M units - Nikkei News - BLD.AU:Lowers Q3 earnings guidance by A$19M due to continuing weakness in Australian housing conditions - ORI.AU: Reports H1 Net A$266.8M v A$290Me, Rev A$3.33B +1.2% y/y - AIO.AU: Cut FY13 capital spending outlook to A$575M-A$625M from A$700M-A$800M as rail and ports groups reduces capex to compensate for depressed growth in coal-haulage and container port operations - financial press - Galaxy Entertainment 27.HK: To buy the Grand Waldo resort in Macau for HK$3.25B - financial press - SNP: Deal with China Galaxy Securities to launch IPO on Monday, May 6th; plans to raise up to $2.24B - financial press -

 

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 11 December 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:

Tue 12 Dec
09:30 GB- CPI
10:00 GB- ZEW Survey
13:30 US- PPI
Wed 13 Dec
00:30 AU- Employment
09:30 GB- Unemployment
13:30 US- CPI
15:30 US- EIA Crude
19:00 US- Fed Decision
Thu 14 Dec
07:30 CH- SNB Decision
All Day- Global- flash PMIs
12:00 GB- Bank of England Decision
12:45 EZ- ECB Decision
13:30 US- Retail Sales
13:30 US- Weekly Jobless
14:45 US- Industrial Production

Forex Trading Outlook


Potential Trading Opportunities

  • POTENTIAL PRICE RISK: Mediun Tue--10:00 GMT-- DE- ZEW. Second Tier Sentiment Survey
  • POTENTIAL PRICE RISK: HIGH-Medium Tue--13:30 GMT-- US- PPI

  • POTENTIAL PRICE RISK: HIGH-Medium Wed--09:30 GMT-- GB- Employment
  • POTENTIAL PRICE RISK: HIGH Wed--13:30 GMT-- US- CPI
  • POTENTIAL PRICE RISK: Medium Wed--15:30 GMT-- US- EIA Crude
  • POTENTIAL PRICE RISK: High Wed--19:00 GMT-- US- Fed Decision


  • POTENTIAL PRICE RISK: HIGH- Thu --00:30 GMT-- AU- Employment
  • POTENTIAL PRICE RISK: Medium- Thu --All day-- global- flash PMIs
  • POTENTIAL PRICE RISK: HIGH-Medium- Thu --07:30-- CH- Swiss National Bank Decision
  • POTENTIAL PRICE RISK: HIGH-Medium- Thu --09:30-- GB- Retail Sales
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