User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday June 11, 2013 - 15:30:18 GMT
Trade the News Staff - www.global-view.com/forex-services/TTN/

Share This Story:
| | Email

The India and Turkey central banks have dived back into the FX intervention game. The Turkish Central Bank has begun direct market intervention to fight "excessive FX volatility" after the TRY sank to

TradeTheNews.com US Market Update: BoJ Holds Policy Steady and Fed Taper Rumors Drive Broad-Based Equity Sell-off
Tue, 11 Jun 2013 11:13 AM EST

***Economic Data***
- (EU) OECD Apr unemployment rate: 8.0% v 8.0% prior
- (IL) Israel May Trade Balance: -$1.1 v -$1.2B prior
- (PT) Portugal Apr Construction Works Index: 47.7 v 47.8 prior
- (ZA) South Africa Apr Manufacturing Production M/M: +1.8%e v -2.5% prior; Y/Y: +2.0%e v -2.2% prior
- (US) May NFIB Small Business Optimism: 94.4 v 92.1e
- (US) ICSC Chain Store Sales w/e Jun 7th: w/w -2.7%; Y/Y: +2.2%
- (US) Redbook Retail Sales w/e Jun 7th: +2.8% y/y, Jun MTD: -0.5% m/m
- (MX) Mexico Apr Industrial Production M/M: -1.7%% v +0.5%e; Y/Y: 3.3% v 5.3%e; Manufacturing Production Y/Y: +5.6% v -5.8% prior
- (EU) Weekly ECB Forex Reserves: 219.2B v 218.8B prior
- (US) Apr Wholesale Inventories M/M: 0.5% v 0.2%e; Wholesale Sales M/M: 0.2% v -0.1%e
- (US) Apr JOLTs Job Openings: 3.76M v 3.87Me
- (UK) May NIESR GDP Estimate: 0.6% v 0.8% prior

- European and US equities are at or near their session lows this morning after the BoJ held its policy steady and added no further easing measures. Treasury yields popped higher in the overall risk-off environment, with the 10-year benchmark US yield touching 14-month highs around 2.29%. In Europe, the German Constitutional Court is hearing arguments about German participation in the ECB's OMT backstop, adding to the sense of unease. As of writing, the DJIA is down 0.47%, the S&P500 is down 0.64% and the Nasdaq is off 0.57%.

- USD/JPY is not far off of session lows around 96.60 this morning, with yen strength clearly inspired by the BoJ's lack of action. Note that rumors circulated this morning suggesting that the Fed could test the waters by tapering bond purchases by $5-10B as soon as next week. EUR/USD trading was choppy, with the pair as low as 1.3230 and up as high as 1.3315.

- The India and Turkey central banks have dived back into the FX intervention game. The Turkish Central Bank has begun direct market intervention to fight "excessive FX volatility" after the TRY sank to its weakest level against a euro/dollar basket since October 2011. The bank held five FX auctions this morning and managed to stabilize USD/ TRY for the moment around 1.8900. India's policies are more opaque: there were rumors of RBI intervention as USD/INR looked to test the key 60 level and then dropped back to the 58 handle. An Indian government official stated that "steps will be taken" to curb rupee volatility if needed, but said the recent decline was due to "debt outflows."

- Volatile solar names are in the dumps this morning after LDK Solar lost more money than expected in its Q1 even as revenue outperformed. Note that the firm's Q2 revenue guidance was well below par. JKS is down more than 6%, YGE is down 5% or so and LDK is down more than 9%.

- Gamestop is up 7% this morning after both Microsoft and Sony unveiled rival gaming consoles at the E3 gaming expo. Sony was clear in indicating that the PlayStation 4 would place no restrictions on used games, while Microsoft's policy continues to be somewhat opaque. Microsoft's policy indicates "publishers can enable you to trade in your games at participating retailers" but many are taking that to be a legal dodge that will still shut down the aftermarket.

- Cult name Lululemon is down 17% this morning. The apparel name broadly met expectations in its Q1 report and Q2 guidance, however inventory levels jumped, gross margins narrowed and the CEO said she was planning to step down soon.

- Softbank responded last night to Dish's continued overtures to Sprint by raising its acquisition offer slightly, to $21.6B from $20.1B prior. SoftBank said it would give an additional $4.5B of cash to Sprint stockholders at closing, bringing the total cash component of the deal to $16.64B. Shares of Sprint are up 2% or so in the early going.

- Dole Food has received an unsolicited $12/shr buyout offer from CEO David Murdock valuing the company around $1.5 billion. Murdock already owns about 40% of the company, and his offer represents a premium of about 18% to the stock's prior close. Shares of DOLE are up more than 20%.

***Looking Ahead***
- 11:30 (IT) Italy's EU Affairs Min
- 11:30 (US) Treasury to sell $35B in 4-Week Bills
- 12:00 World Bank President Kim
- 12:00 (US) DOE Short-Term Crude Outlook
- 12:00 (BR) Brazil to sell I/L 2018, 2022, 2030, 2040 and 2050 Bonds
- 12:30 (EU) ECB's Praet (Belgium) speaks in Frankfurt
- 13:00 (US) Treasury to sell $32B in 3-Year Notes
- 13:30 (BR) Brazil Apr CNI Capacity Utilization: 82.3%e v 82.2% prior
- 16:30 (US) Weekly API U.S. Crude Oil Inventories

 

 

 

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