User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday July 31, 2013 - 10:30:31 GMT
Trade the News Staff - www.global-view.com/forex-services/TTN/

Share This Story:
| | Email

TradeTheNews.com EU Market Update: Overall European data mixed in session; EMU unemployment posts its first decline in almost two-and-a-half years; Focus on FOMC decision

TradeTheNews.com EU Market Update: Overall European data mixed in session; EMU unemployment posts its first decline in almost two-and-a-half years; Focus on FOMC decision
Wed, 31 Jul 2013 5:47 AM EST

***Notes/Observations***
- Trading has been listless ahead of key events this week (summer trading into month end). FOMC today, BOE and ECB rate decisions on Thursday and Non-Farm payroll on Friday)
- Japan Markit manufacturing PMI fell to a four month low of 50.7
- European data comes in mixed;
- Disappointments: Germany Retail Sales miss M/M: -1.5% v +0.2%e; France Jun Consumer Spending M/M: -0.8% v 0.0%e; Spain Jun Adjusted Real Retail Sales Y/Y: -5.0% v -4.7%e (32nd straight negative reading)
- Beats: Germany July Unemployment Change registers its 2nd straight month of improvement; Italy Unemployment Rate moves off 25-year lows (12.1% v 12.3%e but Youth Unemployment Rate: 39.1% v 38.3% prior; Euro Zone Jun Unemployment registers its first decline in almost two-and-a-half years
- German 30-year auction yield of 2.47% is the highest since Jan 2012
- Focus on FOMC decision later today: key message likely that monetary policy will be data dependent to decide tapering

***Economic Data***
- (JP) Japan Jun Annualized Housing Starts: 976K v 982Ke; Y/Y: 15.3% v 16.0%e; Construction Orders Y/Y: 21.9% v 26.0% prior

- (DE) Germany Jun Retail Sales M/M: -1.5% v +0.2%e; Y/Y: -2.8% v +0.5%e
- (CH) Swiss Jun UBS Consumption Indicator: 1.44 v 1.45 prior
- (DE) Germany Jun ILO Employment: 41.775M v 41.797M prior; Unemployment Rate: 5.4 v 5.4% prior
- (FI) Finland May Final Trade Balance: 66M v 90M prior
- (FR) France Jun Producer Prices M/M: -0.3% v -0.2%e; Y/Y: 0.1% v 0.1%e
- (FR) France Jun Consumer Spending M/M: -0.8% v 0.0%e; Y/Y: -0.5% v +0.1%e
- (ES) Spain Jun Adjusted Real Retail Sales Y/Y: -5.0% v -4.7%e; Real Retail Sales Y/Y: -7.0% v -4.5% prior
- (CH) Swiss July KOF Swiss Leading Indicator: 1.23 v 1.22e
- (TR) Turkey Jun Trade Balance: -$8.6B v -$10.0Be
- (HU) Hungary Jun Producer Prices M/M: +0.3% v -1.2% prior; Y/Y: 0.6% v 0.8%e
- (EU) ECB 28M borrowed in overnight loan facility vs. 583M prior; 79.7B parked in deposit facility vs. 77.9B prior - Daily Eurosystem Liquidity Conditions
- (TH) Thailand Jun Current Account Balance: -$664M v -$785Me; Total Trade Account Balance: $588M v $535M prior; Overall Trade Balance: -$3.1B v +$355M prior
- (TH) Thailand Jun Business Sentiment Index: 49.9 v 53.9 prior
- (DE) Germany July Unemployment Change: -7K v 0Ke; Unemployment Rate: 6.8% v 6.8%e
- (IT) Italy Jun Preliminary Unemployment Rate: 12.1% v 12.3%e
- (CZ) Czech Jun Money Supply Y/Y: 4.3% v 3.8% prior
- (NO) Norway May AKU Unemployment Rate: 3.4% v 3.5%e
- (NO) Norway Q2 Industrial Confidence: 1 v 1 prior
- (ES) Spain May Current Account: +2.4B v -0.3B prior
- (HK) Hong Kong Govt Monthly Budget Balance (HKD): -16.7B v -7.8B prior
- (CN) China Q2 Preliminary Current Account: $48.2B v $55.2B prior
- (HK) Hong Kong Jun M3 Money Supply: 9.7% v 11.2% prior;
- (EU) Euro Zone July CPI Estimate Y/Y: 1.6% v 1.6%e; CPI Core Y/Y: 1.1% v 1.2%e
- (EU) Euro Zone Jun Unemployment Rate: 12.1% v 12.2%e

- (BE) Belgium Jun Unemployment Rate: 8.7% v 8.6% prior
- (IT) Italy July Preliminary CPI (NIC incl. tobacco) M/M: 0.0% v 0.3%e; Y/Y: 1.1% v 1.4%e
- (IT) Italy July Preliminary CPI EU Harmonized M/M: -1.8% v -1.6%e; Y/Y: 1.2% v 1.5%e
- (GR) Greece May Retail Sales Volume Y/Y: -2.2% v -14.2% prior; Retail Sales Value Y/Y: -2.6% v -10.0%e
- (PH) Philippines Jun Bank Lending Y/Y: 13.0% v 13.1% prior; Lending Net of RRPs Y/Y: 12.3% v 13.1% prior
- (PH) Philippines Jun M3 Money Supply Y/Y: 20.3% v 16.3% prior

Fixed Income:
- (IN) India sold total INR120B vs. INR120B indicated in 3-month and 6-month Bills
- (EU) ECB allotted $0.0M in 6-Day USD Liquidity Tender at fixed 0.60% vs. $0.0M prior
- (EU) ECB allotted 2.7B in 3-month Main Refi Tender at fixed 0.50% vs. 9.5B prior
- (RU) Russia sold RUB3.06B in Dec 2-019 OFZ Bonds; Yield: 6.90%
- (DE) Germany sold 1.627B in 2.5% 2044 Bunds; Avg Yield: 2.47% (highest since Jan 2012) v 2.16% prior; Bid-to-cover: 1.6x v 1.5x prior

*** SPEAKERS/FIXED INCOME/FX/COMMODITIES/ERRATUM ***

***Equities***
FTSE 100 +0.60% at 6,608,
DAX +0.10% at 8,276, CAC-40 flat at 8,275, IBEX-35 -0.50% at 8,396, FTSE MIB -0.30% at 16,491, SMI -0.20% at 7,791, S&P 500 Futures +0.10% at 1,686

- European equity markets are current trading mixed. The FTSE 100 has outperformed supported by gains in shares of Centrica. In Spain, the IBEX-35 has lagged amid declines in shares of BBVA. European banks are trading mostly lower, led by declines in shares of Deutsche Bank and Barclays. Resource related firms are mostly higher, tracking the gains in commodity prices. Event risks for the US session include, US Q2 GDP data, July US ADP Employment Change and the conclusion of the FOMC policy meeting.

- UK movers [Smurfit Kappa +4.5% (Q2 results above ests), Rightmove +4.5% (raised dividend), Antofagasta +2.5% (reaffirmed FY copper output target), Taylor Wimpey +1.5% (H1 profits rose), Tullow Oil +1.5% (H1 production +14%), Centrica +1% (reported rise in H1 profits)]
- Germany movers [Loewe +25% (announced strategic jv in China), OSRAM +5% (raised FY outlook), Bayer +3% (raised forecast for drug unit), HeidelbergCement +3% (Q2 profits above ests); IVG -30% (failed to reach lending agreement)]
- France movers [Peugeot +6.5% (narrowed H1 auto unit loss), Schneider Electric +4% (reaffirmed FY forecast), Suez Environmental +2% (H1 profits rose y/y), EADS +2% (H1 results above ests), BNP +1% (Q2 results above ests)]
- Italy movers [Fiat Industrial +2% (Q2 net profit above ests); Telecom Italia -5% (capital raise speculation)]
- Spain movers [BBVA -0.50% (reported in line Q2 results)]
- Belgium movers [Anheuser-Busch InBev +7.5% (Q2 results above ests)]

Speakers:
- ECB chief Draghi wants central bank council minutes disclosed; Board to present a corresponding proposal to governing council for discussion and decision

- Hungary Central Bank's Balog commented that it might extend lending plan after Sept
- IMF's Schaechter commented that it had reached a staff agreement with Romania on precautionary loan for 4.0B over two years. IMF forecasted Romania 2013 GDP around 2%
- Japan LDP Tax Chief Noda commented that PM Abe did not seem to indicate any wavering on tax increase plan. There was room to consider lowering effective corporate tax rate, however, not at the moment.Expected sales tax to be put in place as planned from Apr 2014.
- India Central Bank (RBI) Gov Subbarao reiterated view that RBI policy kept balance between growth and inflation with weak INR currency a key risk to inflationand that the large Current Account deficit also a key risk
- India Central bank (RBI) Deputy Gov Patel: FX reserves are at adequate level (**Note around $280B); country's potential growth rate is around 7%
- India Fin Min Chidambaram: Will take all steps to achieve 5.5-6.0% GDP growth . Govt considering significant liberalization of FDI policy; looking at steps to increase NRI investment
- Former PBoC advisor Yu Yongding stated that he was suspicious on local govt ability and intentions to repay deb. He noted that China local govt debt was dangerous because the size was unknown. He warned that China should be alert to the risks from the end of QE from the Fed
- China Ministry of Commerce (MOFCOM): China to adjust anti-dumping duty rate for US steel companies

Currencies/Fixed Income:
- USD remained locked within recent ranges on light volumes as financial

markets awaited this week's monetary policy announcements by the FOMC (today),
ECB and BoE (tomorrow). The USD's tone was softer as the NY morning neared. Overall no major policy shifts at any of the meetings was expected.
- The FED was likely to confirm that QE is drawing to a conclusion while emphasizing that the exit would be managed according to how the economic recovery evolved. BoE and ECB likely to play defensive and eager to re-assure markets that any exit steps in Europe were still a far way off.
The EUR/USD continued to probe the upper-end of its recent range and again tried to break above the 1.33 handle.

Political/In the Papers:
- (DE) German candidate for Chancellor Steinbrueck: Southern Europe needs to be offered a "Marshall Plan B"
- (IT) Prosecutors in Italy tax fraud case said to have requested a reduction in potential ban on Berlusconi's participation in politics to three years from five - press
-(PT) Portugal press indicates govt survives confidence vote, as expected
- (CN) China PBOC's Xu: Expresses confidence that 2013 China GDP will reach 7.5%
- (CN) China National Development and Reform Commission (NDRC) head Xu: expresses confidence that China 2013 GDP to reach 7.5%

**Looking Ahead***
All times listed for economic events are denominated in Eastern Standard Time (Add 4 hours for GMT equivalent)
- 06:00 (IE) Ireland Jun Retail Sales Volume M/M: No est v 0.1% prior; Y/Y: No est v -0.7% prior
- 06:00 (IE) Ireland July Live Registry Monthly Change: No est v -2.5K prior; Unemployment Rate: No est v 13.6% prior
- 06:00 (IL) Israel Jun Unemployment Rate: No est v 6.9% prior
- 06:00 (IT) Italy Jun PPI M/M: 0.0%e v -0.1% prior; Y/Y: -1.1%e v -1.1% prior
- 06:00 (ZA) South Africa Q2 BER Consumer Confidence: No est v -7 prior
- 06:30 (IN) India Jun Fiscal Deficit (INR): No est v 87.1B
- 06:30 (US) Daily Libor Fixing
- 07:00 (US) MBA Mortgage Applications w/e July 26th: No est v -1.2% prior
- 08:00 (PL) Poland Central Bank (NBP) July Inflation Expectations: 0.3%e v 0.4% prior

- 08:00 (ZA) South Africa Jun Trade Balance (ZAR): -8.9Ke v -11.0B prior
- 08:00 (BR) Brazil Jun Manufacturing PPI M/M: No est v 0.3% prior; Y/Y: No est v 4.1% prior
- 08:15 (US) July ADP Employment Change: +180Ke v 188K prior
- 08:30 (US) Q2 Advanced GDP QoQ Annualized: 1.0%e v 1.8% prior; Personal Consumption: 1.6%e v 2.6% prior

- 08:30 (US) Q2 Advanced GDP Price Index: 1.0%e v 1.2% prior; Core PCE Q/Q: 1.1%e v 1.3% prior
- 08:30 (CA) Canada May Gross Domestic Product M/M: 0.3%e v 0.1% prior; Y/Y: 1.6%e v 1.4% prior
- 08:30 (US) Treasury quarterly refunding announcement
- 09:00 (CL) Chile Jun Unemployment Rate: 6.5%e v 6.4% prior
- 09:00 (US) July NAPM-Milwaukee: 52.00e v 51.55 prior
- 09:00 (BE) Belgium Q2 Preliminary GDP Q/Q: No est v 0.0% prior; Y/Y: No est v -0.6% prior
- 09:45 (US) July Chicago Purchasing Manager: 54.0e v 51.6 prior
- 10:00 (MX) Mexico Jun Net Outstanding Loans (MXN): No est v 2.351T prior
- 10:30 (US) Weekly DOE Crude Oil Inventories
- 11:30 (BR) Brazil Central Bank Weekly Currency Flows
- 12:00 (CO) Colombia Jun National Unemployment Rate: No est v 9.4% prior; Urban Unemployment Rate: 10.5%e v 10.4% prior
- 14:00 (US) FOMC Interest Rate Decision: expected to leave Interest Rates unchanged at 0.25%
- 15:00 (AR) Argentina Jun Construction Activity M/M: No est v 2.3% prior; Y/Y: No est v 7.5% prior
- 21:00 (CN) China July Manufacturing PMI: 49.8e v 50.1 prior
- 21:45 (CN) China July HSBC Manufacturing PMI: 47.7e v 48.2 prior

- (ZM) Zimbabwe Presidential and Parliamentary 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."



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