User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday July 25, 2013 - 15:21:23 GMT
Trade the News Staff -

Share This Story:
| | Email US Market Update: China Casts Shadow Over Global Markets US Market Update: China Casts Shadow Over Global Markets
Thu, 25 Jul 2013 10:54 AM EST

***Economic Data***
- (IE) Ireland Jun PPI M/M: -1.2% v +0.6% prior; Y/Y: 0.4 v 1.9% prior
- (RU) Russia Gold & Forex Reserve w/e July 19th: $505.7B v $506.0B prior
- (TR) Turkey July Industrial Confidence: 105.6 v 111.8 prior; Capacity Utilization: 75.5% v 75.3% prior
- (US) Initial Jobless Claims: 343K v 340Ke; Continuing Claims: 2.997M v 3.03Me
- (US) Jun Durable Goods Orders: 4.2% v 1.4%e; Durables Ex Transportation: 0.0% v 0.5%e; Capital Goods Orders Non-defense Ex Aircraft: 0.7% v 0.6%e; Capital Goods Shipments Non-defense Ex Aircraft: -0.9% v +1.1%e; Durables Ex-Defense: +3.0% v +3.5% prior
- (CA) Canada May Average Weekly Earnings Y/Y: 2/5% v 1.8% prior
- (BE) Belgium July Business Confidence: -12.0 -12.2e
- (MX) Mexico May Global Economic Indicator: 1.7% v 1.8%e
- (US) Weekly EIA Natural Gas Inventories: +41 bcf v +45-50 bcf expected range

- US equity indices are struggling to stay out of negative territory this morning as key blue-chip names deliver tepid quarterly results. Note that steep declines in the Shanghai Composite are hanging over markets as Beijing continues to throw measures at the system to help stabilize growth. European markets were down sharply before recovering, although they will likely close in the red. As of writing, the DJIA is down 0.32%, the S&P500 is down 0.10% and the Nasdaq is up 0.37%, thanks largely to Facebook's stunning performance.

- The greenback saw its earlier gains recede as the New York morning progressed. EUR/USD edged back to 1.3230 and threatened to hit fresh one-month highs above 1.3255. Note that the IMF reiterated its projection that the ECB might need to cut interest rate again (which would result in negative deposit rates) to support growth and also called for it to hold another LTRO operation.

- Share of Facebook are having about their best day ever following Q2 results, with FB up 25% and within striking distance of its IPO price. The sound of hysterical approval from the analyst community has been overwhelming, as PT and ratings are hiked universally. The firm has doubled its mobile revenue and generated greater than 20% growth in monthly and daily active users.

- General Motors' net income actually declined on a y/y basis, although the company has managed to staunch the bleeding in Europe, helping earnings and top-line revenue beat consensus views. Share of GM are down a bit on the day. After gaining in the premarket, shares of Raytheon are back in the red. Raytheon widely topped expectations and raised its FY13 outlook.

- Chemicals names Dow and 3M reported pretty flat results that met expectations. 3M saw a huge $2.2B gain in the quarter from the sale of its stake in a Kuwaiti petrochemical venture, but ex this just met expectations. MMM and DOW are in the red.

- Colgate saw decent revenue increases, however the strong dollar shaved these gains down, forcing the firm to cut its FY13 outlook. Pricing issues drove revenue declines in Asia and Europe. Shares of CL are up slightly. Visa saw double-digit growth in transactions and 9% payments volume growth, helping it beat expectations. Shares of Visa are up more than 4%.

- Unlike competitors US Airways and American, United had a poor second quarter, with key metrics down y/y and earnings well below par. Shares of UAL are in the red this morning. Southwest also saw declines in unit revenues and other problems. Shares of LUV are down 3%.

- Despite the brightening picture in US housing, homebuilders Pulte and M/I Homes are down sharply in the session. Both firms missed EPS expectations, and while M/I order rate held up well, Pulte's new orders declined 12%. Both PHM and MHO are down more than 8% in mid-morning trading.

***Looking Ahead***
- 13:00 (US) Treasury to Sell $29B in 7-Year Notes
- 15:00 (AR) Argentina Jun Supermarket Sales Y/Y: No est v 19.0% prior
- 19:30 (JP) Japan Jun National CPI Y/Y: +0.1%e v -0.3% prior; CPI Ex Food, Energy Y/Y: -0.3%e v -0.4% prior



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