User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Monday May 20, 2013 - 06:51:45 GMT
Trade the News Staff - www.tradethenews.com/freetrial.asp?gv

Share This Story:
| | Email

radeTheNews.com Asian Market Update: Bullish sentiment undettered by sharp gains in China housing prices and North Korean rocket launch - Source TradeTheNews.com

*Economic Data*** - (CN) CHINA APR NEW HOME PRICES M/M: RISES IN 67 OF 70 CITIES VS 68 PRIOR; Y/Y: PRICES RISES IN 68 OF 70 CITIES VS 67 PRIOR - (TH) THAILAND Q1 Q/Q: -2.2% V -1.5%E; Y/Y: 5.3% V 6.0%E - (NZ) NEW ZEALAND APR PERFORMANCE SERVICES INDEX: 56.1 V 55.6 PRIOR - (UK) UK MAY RIGHTMOVE HOUSE PRICES M/M: 2.1% V 2.1% PRIOR; Y/Y: 2.5% V 0.4% PRIOR ***Markets Snapshot (as of 03:30 GMT)*** - Nikkei225 +1.4% - S&P/ASX +1.0% - Kospi +0.1% - Shanghai Composite +0.9% - Hang Seng +1.8% - Jun S&P500 -0.1% at 1,662 - Jun gold -1.7% at $1,342/oz - Jun crude oil -0.1% at $96.14/brl ***Observations/Insights*** - Equities are the favored asset class in the Asia session despite the accelerating housing prices in China and more provocations from North Korea - developments which in prior months would have dampened investors appetite. Hong Kong's Hang Seng is leading the charge in a catch-up rally following Friday holiday, reaching a 3-month high above 23,400. Shanghai Composite is up about 1% above 2,300 - a near 2-month high. Conversely, South Korea's Kospi is up a marginal 0.1%, trading more cautiously despite returning from holiday break on Friday as well, as investors tread lightly following a short-range North Korea missile launch into the Sea of Japan this weekend. - In Japan, Economic Minister Amari briefly spooked the yen shorts at the open, suggesting that excessive gains have already been corrected by a large amount and any further weakness could actually become a detriment. Additionally, Amari said it will be up the govt to minimize volatility resulting from an abrupt shift from bonds to stocks. BOJ Gov Kuroda added to that sentiment, noting it is natural for long-term JGB yields to rise as inflation expectation pick up, but also warned the central bank actions would prevent yields from rising too steeply. After strong preliminary Q1 GDP, Japan Cabinet Office also upgraded its economic assessment for the month of May following a pause in April, noting exports are showing signs of recovery and output is gradually recovering. USD/JPY briefly fell over 100pips all the way toward the 102 handle before recovering back above 102.50 later in the day. Other majors also traded with a bias of weaker USD - AUD/USD rose above Friday highs of $0.9770, EUR/USD rose to $1.2850, and NZD/USD traded back above $0.81 handle. - China property sector retained its allure despite the govt steps to curb housing inflation. April property prices across 70 cities rose 4.9% y/y - the biggest increase since Apr 2011 - while m/m growth was at 1.0%, down from 1.2% in March. Analysts are increasingly more concerned that policymakers will be able to control property market gains, just as China Academy of Social Sciences (CASS) warned about risks of property/financial bubble brewing in Hong Kong. ***Fixed Income/Commodities*** - (KR) South Korea MOF sells KRW2.05T in 10-yr govt bonds, avg yield 2.92% - EUR/USD: Goldman Sachs CEO Blankfein: Risk of a euro break-up is smaller than a year ago; Political will behind common currency still intact - German press - SLV: iShares Silver Trust ETF daily holdings fall to 10,252 tons from 10,321 tons (lowest since Jan 15th) - update as of May 17th - GLD: SPDR Gold Trust ETF daily holdings fall by 3.0 tons to 1,038.4 ton (lowest since 1,038.2 in Mar of 2009) - update as of May 17th ***Speakers/Political/In the Papers*** - (JP) BOJ gov Kuroda: natural for long-term JGB yields to rise as inflation expectation is picking up - (JP) Japan Econ Min Amari: Core CPI showing signs of turning positive due to BOJ policies; CPI still in mild deflation - financial press - (JP) Japan PM Abe cabinet support fall slightly to 70.9% in May from 72.1% in Apr - Kyodo - (JP) Japan PM Abe's May cabinet support rate rises to 65% from 60% in April - Asahi - (CN) China may expand property tax trial to several cities during the current year - Chinese press >- (CN) China Academy of Social Sciences (CASS) research warns of risks to HK economy from potential asset price bubbles; Citing dependency on financial and real estate industry - HK press - (CN) China Ministry of Finance (MOF) researcher Su: China may face big scale of capital inflows in the next few years - (CN) PBoC researcher Ji: China fiscal and financial risks are controllable - Chinese press - (CN) Nomura chief China economist: China govt faced with dilemma reconciling between property prices and economic growth - financial press - (CN) UBS China economist Tao Wang: Expect property sector policy to stabilize in the coming months and see a modest property recovery to continue - (AU) According to Commonwealth Bank's (CBA) Business Sales Indicator (BSI), Australia Apr consumer spending rose 0.5pts m/m (8th consecutive m/m increase) and 4.9pts y/y- SMH - (NZ) According to ASB, New Zealand Q1 investor confidence rose to 18% from 13% in Q4, highest level since late 2010 - NZ press - (NZ) New Zealand Fin Min English: Rising home prices may pressure RBNZ to raise interest rates sooner - NZ media - (KR) South Korea Foreign Min Yun Byung-se: Provocations by the North are "grave" - Korean press - (KR) South Korea Defense Ministry spokesperson: "Our military is closely monitoring activities by the North's military since there is a possibility of additional launches in the future." - (EU) ECB's Weidmann: Improved lending conditions and lower interest rates should not lead to complacency about euro zone crisis - German press - (UK) BOE Gov King: Debate over fiscal policy is overblown; Everyone agrees on the need for medium-term fiscal adjustment and automatic stabilizers; Euro zone risks still pose biggest threat to UK - UK press ***Equities*** - LEI.AU: On track to deliver FY13 underlying net within guidance; Reiterates FY13 Net guidance A$520-600M. - LEI.AU: CFO: May undertake cost cutting to preserve margins - AFR - WBC.AU: Lowers its 1-year fixed home loan rate for new customers to 4.79% - SMH - SUN.AU: Considering selling off its "non-core bank" - AFR - Hon Hai 2317.TW: According to China Labor Watch rights group, 3 worker suicides occured at Hon Hai's China plant in the past 3 weeks - financial press - BYD 1211.HK: First electric taxis made by BYD launched in Hong Kong this weekend - financial press - QIHU: Reports Q1 $0.14 v $0.14e, R$109.9M v $106Me - TM: Plans to increase output of lithium-ion batteries for the Prius and other models to over 200K units per year; To invest about 20B to expand capacity at Kosai plant - Nikkei News - 8411.JP: Mizuho bank to start offering reverse mortgages in July - Nikkei News - YHOO: Board said to have approved $1.1B acquisition of Tumblr - 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 20 November 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:


Mon 20 Nov
14:00 EZ- Draghi Speech
15:00 US- Leading Indicators
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