User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday May 10, 2013 - 10:14:06 GMT
Trade the News Staff -

Share This Story:
| | Email EU Market Update: Talk of possible tapering of Fed policy aids USD against major pairs; Italy's 12-month yield hits record low on weak bid-to-cover EU Market Update: Talk of possible tapering of Fed policy aids USD against major pairs; Italy's 12-month yield hits record low on weak bid-to-cover
Fri, 10 May 2013 5:32 AM EST

- RBA: cuts 2013 underlying CPI forecast; 2013 GDP forecast 2.5% (from prior 2%-3% range)
- Japan Mar Current Account surplus hits 1-year high
- The USD/JPY pair at 4-year highs and tested above 101 handle; 10-year JGB yield rise by 10bps (most in 5 years) on the back of the break of parity in USD/JPY pair
-Japan Econ Min: would continue to monitor FX; no intention of manipulating FX rates
- Japan investors bought net 309.9B in Foreign Bonds last week (**2nd week of net buys after 6 weeks of net sells)
- Italy Debt Agency Bill auction results mixed, 12-month yield does hit record low on weak bid-to-cover
- USD continued firm tone against major pairs on growing speculation that the FED might seek to tapering pace of QE

***Economic Data***
- (JP) Japan Apr Bankruptcies Y/Y: -10.5% v -20.0% prior
- (JP) Japan Apr Eco Watchers Current Survey: 56.5 v 57.5e; Outlook Survey: 57.8 v 57.5e
- (IN) India Apr Local Car Sales: 150.8K v 180.7K prior
- (IN) India Mar Industrial Production Y/Y: 2.5% v 2.4%e
- (DE) Germany Mar Current Account: 20.2B v 19.5Be; Trade Balance: 18.8B v 17.5Be; Imports M/M: +0.8% v +1.5%e; Exports M/M: +0.5% v +0.5%e
- (FI) Finland Mar Industrial Production M/M: +2.9% v 0.9% prior; Y/Y: -0.3 v -5.2% prior
- (RO) Romania Mar Trade Balance: -567.6M v -207.7M prior
- (DK) Denmark Apr CPI M/M: -0.2% v +0.2%e; Y/Y: 0.8% v 1.1%e
- (DK) Denmark Apr CPI EU Harmonized M/M: -0.3% v +0.2%e; Y/Y: 0.4% v 0.9%e
- (HU) Hungary Mar Preliminary Trade Balance: 753.4M v 550.0Me
- (CZ) Czech Unemployment Rate: 7.7% v 7.7%e
- (CZ) Czech Apr CPI M/M: 0.1% v 0.0%e; Y/Y: 1.7% v 1.7%e
- (EU) ECB: 997M borrowed in overnight loan facility vs. 309M prior; 86.5B parked in deposit facility vs. 81.1B prior
- (IT) Italy Mar Industrial Production M/M: -0.8% v -0.3%e; Y/Y: -9.5% v -6.9%e; Industrial Production wda Y/Y: -5.2% v -3.8%e
- (NO) Norway Apr CPI M/M: 0.6% v 0.2%e; Y/Y: 1.9% v 1.5%e
- (NO) Norway Apr CPI Underlying M/M: 0.6% v 0.2%e; Y/Y: 1.5% v 1.0%e
- (NO) Norway Apr Producer Prices incl.Oil M/M: 0.2% v 0.9% prior; Y/Y: -1.6% v -3.4% prior
- (CN) China Apr New Yuan Loans (CNY): 792.9B v 755.0Be
- (CN) China Apr M2 Money Supply Y/Y: 16.1% v 15.5%e; M1 Money Supply Y/Y: 11.9% v 11.0%e; M0 Money Supply Y/Y: 10.8% v 12.0%e
- (UK) Mar Visible Trade Balance: -9.1B v -9.0Be; Total Trade Balance: -3.1B v -3.1Be; Trade Balance Non EU: - 3.5Bv -4.0Be

- (UK) Mar Construction Output M/M: 12.1% v 15.0%e; Y/Y: -7.4% v -6.6%e
- (HK) Hong Kong Q1 GDP Q/Q: 0.2% v 0.5%e; Y/Y: 2.8% v 2.7%e
- (GR) Greece Mar Industrial Production Y/Y: -0.7% v -4.3% prior
- (GR) Greece Apr Consumer Price Index Y/Y: -0.6 v -0.2% prior; CPI EU Harmonized Y/Y: -0.6% v -0.7%e

Fixed Income:
- (IN) India sold total INR150B vs. INR150B indicated in 2020, 2022, 2032 and 2042 bonds
- (IT) Italy Debt Agency (Tesoro) sold total 10.0B vs. 10.0B indicated in 3-month and 12-month Bills
- Sold 3.0B vs. 3.0B indicated in 3-month Bills; Avg Yield: 0.393% v 0.243% prior; Bid-to-cover: 2.09x v 1.9x prior
- Sold 7.0B vs. 7.0B indicated in 12-month Bills, Avg Yield 0.703% (record low) v 0.922% prior; Bid-to-cover: 1.16x v 1.64x prior, (lowest since Feb 2012)


FTSE 100 +0.30% at 6,613,
DAX +0.50% at 8,303, CAC-40 +0.50% at 3,947, IBEX-35 +0.30% at 8,597, FTSE MIB +1.2% at 17,298, SMI +0.60% at 8,144, S&P 500 Futures +0.10% at 1,625

- Equity markets in Europe opened the session higher, supported by earnings reports from ArcelorMittal, BT and Generali. Traders have also focused on the rise in core sovereign bond yields, China data and the weakness in the Japanese yen. Italy's FTSE MIB has outperformed ahead of earnings out of UniCredit, which are due later today. Equity markets are currently off of the best levels for the session, as the DAX pulled back after hitting a fresh record high for the 6th straight session. European banks are trading mixed. French banks have underperformed, while UK and Italian banks have outperformed. Resource related companies are trading mixed, amid the declines being seen for commodity prices. Later today, Fed Chairman Bernanke is due to make comments at a Chicago Fed Conference.

- UK movers [Ocado +13% (confirmed talks with William Morrison), BT +8.5% (Q1 results above ests, stock buyback), Shire +4% (favorable patent ruling), Tui Travel +1.5% (Q1 loss narrowed, raised dividend), Ferrexpo +1.3% (Q1 pellet production rose); Centamin -14% (litigation update), IAG -1% (Q1 loss widened)]
- Germany movers [Salzgitter +5% (broker commentary)]
- Italy movers [Generali +1.5% (Q1 profits above ests), UniCredit +1% (Reports Q1 results later today)]
- France movers [Gemalto -4.5% (broker commentary)]
- Switzerland movers [ABB -1.5% (CEO to resign)]
- The Netherlands movers [ArcelorMittal +5.5% (Q1 EBITDA above ests)]

- IMF's Shinohara stated that current JPY currency (yen) rate was consistent with Govt policy package and other factors .
he added that volatility in FX and JGB markets should be tolerated following the central bank's bold easing. Japan fiscal stimulus was risky without credible fiscal discipline plans which could spark BOJ financing Govt deficit spending. Some confusion in JGB market could not be avoided as BOJ embarks on its bold easing but expected JGB market to adjust to new policy over time
- Czech Central Bank Minutes noted that the Board agreed downside risks to inflation outlook had accumulated while no upside risks were apparent. It added that repeated long term undershooting of 2% inflation target should not be tolerated. Probability of need to ease via FX intervention had risen in light of new data. Weaker-than-forecasted CZK currency was further easing of monetary conditions but little done little to increase exports
- European Bank for Reconstruction and Development (EBRD) President Chakrabarti commented that its outlook for emerging Europe was revised down significantly
- Sweden Fin Min Borg for the third straight day commented that could not ignore excessive movements in SEK currency movements and that SEK could potentially becoming a problem but not dramatically off fair value at this time
- Hungary Econ Min Varga stated that the Govt might raise the Financial Transaction Tax as it had brought in less revenue than expected. He also suggested freezing HUF92.9B in budget for 2013 and 2014 but would lift spending freeze if growth allowed
- Philippines Central Bank's Amador stated that inflation continued to be within target with expectations remaining well anchored
- Japan senior MoF Official: Reiterates fx moves are determined by market forces

Currencies/Fixed Income:
- The USD continued its firm tone against major pairs aided on growing speculation that the FED was hinting of a QE tapering
- USD/JPY rally began with a better than expected US weekly jobless claims and hawkish comments from Fed's Plosser in the US morning and then accelerated its gains around 1pmET on further rumors that WSJ's Hilsenrath would hint of a QE tapering at the Fed. extended its gains above 101 after reports Japanese investors have continued to buy foreign bonds last week with a second week of net purchases after 6 weeks of net sells.
- Dealers watching key hourly support at 1.2970 with Euro sell stops said to be lurking below. That level was tested (and held) back on April 24-25th period.

Political/In the Papers:
- (EU) German Fin Min Schaeuble: Global liquidity levels need to be reduced.
- (EU) Slovenia PM Bratusek: Govt to use anti-crisis taxation measures under govt stability package to avoid a bailout
- (US) US House of Representatives received enough votes to pass debt prioritization legislation. The bill would allow the government to repay bondholders and social security recipients after the debt limit is hit.
-(JP) Japan investors bought net 309.9B in Foreign Bonds last week (***first time net buyers in 7-weeks); Japan investors bought net 28.0B in Foreign Stocks last week vs sold net 157.7B prior week
-USD/JPY: During Thursday's US session, USD/JPY tested above 100 for the first time since April 2009. In Asia, the pair extended gains above 101, highest since Apr 2009
-(JP) 10-yr JGB yield hits highest level since Feb
-(NZ) New Zealand Fin Min English: Not in currency war, has limited ability to affect FX; Abenomics may inflate asset prices for a while but skeptical about long-term impact; Cannot influence Japan and will not react to its policies.

**Looking Ahead***
All times listed for economic events are denominated in Eastern Standard Time (Add 4 hours for GMT equivalent)
- (UK) G-8 Finance Ministers, Central Bank Chiefs meeting in U.K.
- (PE) Peru Mar Trade Balance: -$110Me v -$88M prior
- (CO) Colombia Monetary Policy Minutes
- (GR) Greece Debt Agency (PDMA) details T-bill auction on May 14
- (BE) Belgium Debt Agency gives target volume for TC auction on May 14
- 06:00 (PT) Portugal Mar Trade Balance: No est v -680M prior
- 06:00 (PT) Portugal Mar Construction Works Index: No est v 48.1 prior
- 06:00 (EU) ECB announces 3-Year LTRO Repayment (Note: 2.0Be)
- 06:00 (NO) Norway to Sell Bonds
- 06:10 (UK) DMO to sell combined 2.0B in 1-month, 3-month and 6-month Bills
- 06:30 (US) Daily Libor Fixing
- 06:30 (ES) Bank of Spain Dep Gov Restoy
- 06:30 (AT) OPEC Monthly Oil Market Report
- 07:00 (BR) Brazil May Preliminary IGP-M Inflation: 0.1%e v 0.4% prior
- 07:30 (CL) Chile Central Bank's Economist Survey
- 07:30 (IN) India Forex Reserves w/e Apr 26th
- 08:25 (US) Fed's Evans Speaks at Chicago Fed Conference
- 08:30 (CA) Canada Apr Net Change in Employment: +15.0Ke v -54.5K prior; Unemployment Rate: 7.2%e v 7.2% prior; Full Time Employment Change: No est v -54K prior; Part Time Employment Change: No est v -0.4K prior; Participation Rate: No est v 66.6% prior
- 09:00 (MX) Mexico Mar Industrial Production M/M: -0.1%e v +0.5% prior; Y/Y: -1.3%e v -1.2% prior; Manufacturing Production Y/Y: No est v -0.9% prior
- 09:15 (ES) Bank of Spain Chief Economist in NY
- 09:30 (US) Fed Chairman Bernanke speaks at Chicago Fed Conference
- 10:00 (MX) Mexico Central Bank Monetary Policy Minutes
- 11:00 (US) Fed to buy $1.25-1.75B in bonds
- 12:00 (US) WASDE Corp Report
- 14:00 (US) Fed's George in WY
- 14:00 (US) Apr Monthly Budget Statement: $82.0Be v -$ prior

- (PH) Philippines elections



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