User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday May 30, 2013 - 05:25:36 GMT
Trade the News Staff -

Share This Story:
| | Email Asian Market Update: Nikkei slumps again as USD/JPY falls to 3-week lows; Australia Q1 CAPEX slump offset by upbeat forecast for FY13/14 and strong building approvals - Source TradeTh

- (AU) AUSTRALIA APR BUILDING APPROVALS M/M: 9.1% V 4.0%E (7-month high); Y/Y: 27.3% V 22.5%E >- (AU) AUSTRALIA Q1 PRIVATE CAPITAL EXPENDITURE Q/Q: -4.7% V +0.5%E - (AU) AUSTRALIA Q1 CBAHIA HOUSE AFFORDABILITY Q/Q: 69.7 V 68.9 PRIOR - (BR) BRAZIL CENTRAL BANK (COPOM) RAISES SELIC TARGET BY 50BPS TO 8.00%, MORE THAN THE EXPECTED 25 BPS RAISE; DECISION UNANIMOUS - (KR) SOUTH KOREA APR LEADING INDEX CHANGE: 0.1% V -0.1% PRIOR - (KR) SOUTH KOREA APR INDUSTRIAL PRODUCTION M/M: 0.8% V 0.5%E; Y/Y: +1.7% V -0.5%E - (NZ) NEW ZEALAND APR BUILDING PERMITS M/M: 18.5% V 7.7%E (13-month high) - (KR) SOUTH KOREA JUN BUSINESS SURVEY MANUFACTURING: 82 V 81 PRIOR; NON-MANUFACTURING: 69 V 72 PRIOR - (PH) PHILIPPINES Q1 GDP Q/Q: 2.2% V 1.7%E; Y/Y: 7.8% V 6.0%E - (JP) Japan investors sold 1.1T (**second week of net sales after 4 weeks of buys) in foreign bonds last week vs sold 800B in prior week; Foreign Investors bought 27.4B in Japan stocks last week vs bought 716B in prior week >- (US) API PETROLEUM INVENTORIES CRUDE: +4.40M (largest build in 4 weeks) V -0.5ME; GASOLINE: +1.94M V -0.5ME; DISTILLATE: +3.11M V 0E; UTILIZATION: 86.6% V 86.8% W/W ***Markets Snapshot (as of 04:00 GMT)*** - Nikkei225 -3.5% - S&P/ASX -1.1% - Kospi +0.2% - Shanghai Composite -0.3% - Hang Seng -0.4% - Jun S&P500 +0.1% at 1,648 - Jun gold +0.2% at $1,394/oz - Jul crude oil +0.1% at $93.20/brl ***Observations/Insights*** - Asian equity markets are trading predominantly lower once again, taking cue from Wall Street where investors have taken more profits from stocks and repositioned into fixed income. Modest declines in US treasury yields translated into fresh round of downside in the dollar, with USD/JPY falling to low 101 in US hours and extending that decline below the 100.60 level, a 3-week low. In turn, the stronger yen weighed on Japanese equities, most notably the exporters, as Nikkei225 slumped over 3% to fall back below the 14,000 level. Bank of Japan Gov Kuroda said that BOJ easing is sufficient to end deflation, adding that the BOJ is not prepared to ignore bond market volatility. Fin Min Aso was also in damage control mode, noting that banks can cope with rising JGB yields despite the hit on their balance sheets. Meanwhile, 2-year JGB auction bid-to-cover slipped relatve to last month's offering, albeit the tail was nowhere as alarming as in the 20-year auction earlier this week. - Elsewhere in FX space, NZD was under pressure early in the Asia morning after RBNZ Gov Wheeler said that that NZD is significantly overvalued and that he wants to diminish perceptions of NZD as a one way bet. Wheeler added he is prepared to escalate FX intervention (note in April RBNZ sold NZ$256M to intervene). This caused the Kiwi to dip below the $0.81 handle before recovering after the stront April building permits that showed Wellington, not Christchurch, as the most notable gainer on the permit front. - Mining companies in Australia weighed on the ASX, even though weaker USD send AUD/USD to $0.9660, coming off a 19-month low seen in yesterday's session. Australia building approvals came in at a 7-month high m/m while Q1 private capital expenditures came in at a disappointing -4.7%. Note the silver lining in the CAPEX data was a slight upgrade in the overall FY13/14 investment outloook to A$156.5B v A$152.5B initial estimate. ***Fixed Income/Commodities*** - JGB: (JP) Japan MoF sells 2.67T in 0.1% 2-yr notes, Avg Yield: 0.151% v 0.126% prior; bid to cover: 4.82x v 5.27x prior - (CN) PBOC to sell CNY13B in 28-day repos, avg yield 2.75% (drain liquidity) and CNY15B in 3-month bills, avg yield 2.9089% - (CN) Chinese govt is discussing improving bond issuance - Chinese press - SLV: iShares Silver Trust ETF daily holdings fall to 9,993 tons from 10,023 tons (lowest since Dec 13th) - GLD: SPDR Gold Trust ETF daily holdings rise by 1.0 tons to 1,013.2 ton (first rise since May 9th) ***Speakers/Political/In the Papers*** - (JP) Japan BOJ gov Kuroda: BOJ easing is needed and sufficient to end deflation; BOJ is not prepared to ignore bond market volatility - (JP) Japan govt looking to reduce long-term unemployment by 20% over the next 5 years; Strategy to be unveiled in June - Nikkei News - (JP) Japan Fin Min Aso: Banks' capital base won't be severely affected by 1% rise in JGB yields - (JP) JPMorgan economist: BOJ may be forced to add more quantitative easing as early as Q4; Unlikely to make sufficient progress to achieve 2% inflation within two years without more measures - financial press - (CN) Beijing said to take measures to limit home price gains - Chinese press - (CN) According to UBS, China auto sales may start to flatten out as early as 2015; Infrastructure bottlenecks and uncertainty over rural demand to keep the flat trend for about 10 years - Shanghai Daily - (CN) China National Coal Association: China Jan-Apr coal output is down 2% y/y at 1.15B tons; Fixed asset investment in coal mining industry is down 6.6% y/y - Shanghai Daily - (AU) Australia govt has rejected proposal from Hong Kong for free trade agreement - (KR) South Korea Financial Services Commission (FSC) Chairman: South Korea FX reserves should be higher - Korean press - (KR) South Korea Fin Min Hyun: Calls for debate on 'orderly exit strategy' from QE by global central banks - Korean press ***Equities*** - WBC.AU: Exec: China iron ore production is below trend; demand is robust - 4938.TW: Apple said to have shifted some of its supply chain away from Foxconn and in favor of Pegatron - Apple Insider - (HK) Hopewell Hong Kong properties announces IPO, offering 340M shares, expected to price in range of HK$15.30-17.80 - Japan's Honda and Toyota both sold bonds in the session, Toyota 3-yr 0.289% bonds and 20B in 10-yr 0.963% bonds, while Honda sold 5-yr 0.554% bonds. - TSLA: CEO: Car prices coming down in 3-4 years; Mainstream Tesla model still 3-4 years out, Will be 20% smaller than Model S - AllThingsD interview - CLWR: DISH Network Announces Tender Offer in Letter to Clearwire Board of Directors for $4.40/shr (vs $3.40 nominal in Sprint offer) - Source


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.

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 15 Oct 2018
AA 12:30 US- Retail Sales
Tue 16 Oct 2018
AA 08:30 GB- Employment
A 09:00 DE- ZEW Survey
A 13:15 US- Industrial Production
Wed 17 Oct 2018
AA 08:30 GB- CPI
A 09:00 EZ- Final HICP
A 12:30 US- Housing Starts/Permits
A 14:00 US- Existing Homes Sales
A 14:30 US- EIA Crude
AA 18:00 US- Fed Policy Minutes
Thu 18 Oct 2018
A 1:30 AU- Employment
AA 08:30 GB- Retail Sales
A 12:30 US- Weekly Jobless
Fri 19 OCt 2018
AA 12:30 CA- CPI/ Retail Sales

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