User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday August 13, 2013 - 10:17:24 GMT
Trade the News Staff -

Share This Story:
| | Email EU Market Update: German ZEW Investor Sentiment rises more than forecast amid growth signs EU Market Update: German ZEW Investor Sentiment rises more than forecast amid growth signs
Tue, 13 Aug 2013 5:43 AM EST

- Australia July Business Confidence at 7-month low (-3 vs. 0e)
- Japan PM Abe calls for study on lowering corporate tax rates to partially offset any economic drag occasioned by a planned sales tax hike; Nikkei +2.6%
- UK economic activity is improving rapidly with RICS house price balance surging to seven year highs
- Flurry of UK inflation data comes in within expectations; little market reaction; PPI Input does rise at its fastest annual rate since March 2012
- German ZEW Economic Sentiment beats analysts' expectations (42.0 vs. 39.9e) amid signs that worst of recession is over
- ZEW economists see ECB raising interest rates sooner as EMU crisis enters calm

***Economic Data***
- (DE) Germany July Final CPI M/M: 0.5% v 0.5%e; Y/Y: 1.9% v 1.9%e
- (DE) Germany July Wholesale Price Index M/M: -0.3% v -0.4% prior; Y/Y: 0.0% v 0.7% prior
- (HU) Hungary July CPI M/M: -0.3% v 0.0%e; Y/Y: 1.8% v 2.0%e
- (ES) Spain July CPI M/M: -0.5% v -0.5%e; Y/Y: 1.8% v 1.8%e
- (NL) Netherlands Jun Retail Sales Y/Y: -3.7% v -0.4% prior
- (SE) Sweden July CPI M/M: -0.1% v -0.3%e; Y/Y: 0.1% v 0.0%e; CPI Level: 313.55 v 313.15e
- (UK) July PPI Input M/M: 1.1% v 1.1%e; Y/Y: 5.0% v 5.5%e; fastest annual rate since March 2012
- (UK) July PPI Output M/M: 0.2% v 0.2%e; Y/Y: 2.1% v 2.1%e
- (UK) July PPI Output Core M/M: 0.1% v 0.1%e; Y/Y: 1.1% v 1.2%e
- (UK) July CPI M/M: 0.0% v 0.0%e; Y/Y: 2.8% v 2.8%e; CPI Core Y/Y: 2.0% v 2.2%e
- (UK) July RPI M/M: 0.0% v 0.0%e; Y/Y: 3.1% v 3.2%e; RPI Ex Mort Int.Payments Y/Y: 3.2% v 3.1%e ; Retail Price Index: 249.7 v 249.6e
- (UK) Jun ONS House Price Y/Y: 3.1% v 3.5%e highest level since April 2008
- (EU) Euro Zone July Industrial Production M/M: 0.7% v 1.0%e; Y/Y: 0.3% v 0.3%e
- (DE) Germany Aug ZEW Economic Sentiment: 42.0 v 39.9e; Current Situation: 18.3 v 12.0e

Fixed Income:
- (GR) Greece Debt Agency (PDMA) sold 1.3B vs. 1.0B indicated in 13-week bills; Avg Yield: 4.02% v 4.02% prior; Bid-to-cover: 1.87x v 1.70x prior
- (EU) ECB allotted 97.6B in 7-day Main Refi Tender at fixed 0.50% vs. 107Be
- (HU) Hungary Debt Agency (AKK) sold HUF50B vs. HUF50B indicated in 3- month Bills; Avg Yield: 3.96% v 3.98% prior
- (BE) Belgium Debt Agency sold total 2.31B vs. 2.2-2.6B indicated range in 3-month and 12-month Bills
- Sold 820M in 3-month Bills; Avg Yield: +0.034% v +0.033% prior; Bid-to-cover: 3.29x v 3.76x prior
- Sold 1.41B vs. 1.6B indicated in 12-month Bills; Avg yield 0.186% v 0.152% prior; Bid-to-cover:1.53x v 2.10x prior


Indices: [EuroStoxx50 +0.70%,
FTSE 100 +0.50% at 6,608, DAX +0.80% at 8423, CAC-40 +0.40% at 4,085, FTSE MIB +0.60% at 17,353, SMI +0.40% at 8,030, S&P 500 +0.30% at 1,692. Overall, the DAX has outperformed on gains in E.ON and RWE]

- Focal Points for Markets: Nikkei +2.6%, Germany ZEW, Rise in core government bond yields, E.ON earnings, US July retail sales

By Sector:
- Basic Resources [Fresnillo FRES.UK +3.5% (broker commentary, higher precious metals prices), Aurubis NDA.DE +0.90% (higher copper prices); ThyssenKrupp TKA.DE -1.4% (ahead of quarterly earnings); Stoxx Basic Materials index +1.5%]
- Energy [OMV OMV.AT +1% (Q2 profits above ests); Stoxx Energy index +0.60%]
- Utilities [E.ON EOAN.DE +3.5% (Q2 results above ests, reaffirmed outlook); Eurostoxx utilities index +2%]
- Financials [Gam Holdings GAM.CH +7% (H1 profits rose y/y), Resolution RSL.UK +4% (swung to H1 net profit), Deutsche Wohnen DWNI.DE +2.5% (raised forecast); SocGen GLE.FR -1% (share placement); Stoxx Financials Index +0.50%]
- Materials [K+S SDF.DE -2.5% (Q2 results below ests)]
- Industrials [Heidelberger Druck HDD.DE +6.5% (narrowed quarterly loss), Leoni LEO.DE +4% (quarterly sales above ests); Geberit GEBN.CH -5% (cautious outlook), Tornos TOHN.CH -3.5% (Q2 sales declined y/y); Stoxx Industrials Index +0.10%]
- Telecom [ProsiebenSat PSM.DE -1% ( broker commentary); Stoxx Telecom Index +0.50%]
- Consumer Discretionary [Michael Page MPI.UK -4% (H1 profits declined y/y)]

- ZEW Economists: First signs of end of recession in key EMU countries have contributed to better ZEW reading

- Dutch govt might decide on over 8.0B in spending cuts to free up funds to invest into economy which is 2.0B more than EU target
- Moody's: Czech political uncertainty likely to hinder its economic recovery but not affect its stable sovereign outlook
- Iraq oil official: Bomb halts crude oil flows through the Iraq-Turkey pipeline

Currencies/Fixed Income:
- The USD began the session slightly firmer against the European pairs but better German ZEW Survey ebbed away at its gains. The ZEW noted that ECB would have more room for an earlier increase in interest rates due to the calming of the crisis. The EUR/USD pair held above the 1.33 level heading into the NY morning.
- USD/JPY was higher building upon the gains in the Nikkei225 Index. Reports that PM Abe was considering lowering corporate taxes as a counterweight to the sales tax hike push the pair to test towards the 98 handle
- Peripheral spread for several countries were at their tightest levels in two years amid growth signs. The 10-year Italy/German Gov't bond spread at approx 243bps, tightest level since July 2011 while the 10-year Spanish/German Gov't bond spread at approx 270bps; tightest since Aug 2011.

Political/In the Papers:
- (DE) Germany budget draft forecasts 2014 debt plan at approx 216B v 240B y/y - press
- (ES) Spain Treasury chief de Mesa: To reduce pace of debt sales by 30% from Sept - financial press
- (US) San Francisco Fed research: QE providing moderate help to US Growth; forward guidance on rates has greater economic impact than signals about QE quantity

**Looking Ahead***
All times listed for economic events are denominated in Eastern Standard Time (Add 4 hours for GMT equivalent)
- 06:00 (IL) Israel July Trade Balance: No est v -$1.2b prior
- 06:00 (IS) Iceland to sell Bills
- 06:00 (TR) Turkey to sell 2015 and 2023 bonds
- 06:30 (IN) Incoming India Central Bank (RBI) Gov Rajan
- 06:30 (US) Daily Libor Fixing
- 07:00 ECB allotment in 7-day Term Deposit Tender to offset Govt Bond Purchases under SMP; to drain 192.5B
- 07:30 (US) July NFIB Small Business Optimism: 94.5e v 93.5 prior
- 07:45 (US) Weekly ICSC Chain Store Sales
- 08:30 (US) July Import Price Index M/M: 0.8%e v -0.2% prior; Y/Y: 1.5%e v 0.2% prior
- 08:30 (US) July Advance Retail Sales M/M: 0.3%e v 0.4% prior; Retail Sales Ex Auto M/M: 0.4%e v 0.0% prior; Retail Sales Ex Auto and Gas: +0.4%e v -0.1% prior

- 08:55 (US) Weekly Redbook Retail Sales
- 09:00 (EU) Weekly ECB Forex Reserves
- 10:00 (ZA) South Africa Central Bank (SARB) Gov Marcus speech
- 10:00 (US) Jun Business Inventories: 0.3%e v 0.1% prior
- 10:00 (MX) Mexico Weekly International Reserves
- 10:30 (UK) DMO announce size of new2019 Gilt for Aug 20th auction
- 11:00 (US) Fed to purchase $1.00-1.50B in Notes
- 11:30 (US) Treasury to sell $45B in 4-week Bills
- 12:45 (US) Fed's Lockhart speaks on Economy in Atlanta
- 13:00 (DE) German Chancellor Merkel in interview With German Public Broadcasters
- 13:30 (BR) Brazil to sell I/L 2018. 2022, 2030, 2040 and 2050 Bonds
- 16:30 (US) Weekly API U.S. Crude Oil Inventories
- 18:00 (CL) Chile Central Bank Interest Rate Decision: market is split between no change or a 25 bp cut
- (MX) Mexico July ANTAD Same-Store Sales Y//Y: No est v 1.6% 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.

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

Mon 3 Dec 2018
A All Day Final Mfg PMIs
Tue 4 Dec 2018
A 04:30 AU- Reserve Bank Decision
Wed 5 Dec 2018
A All Day Final SVC PMIs
A 04:30 AU- CPI
A 13:15 US- ADP Jobs
A 13:30 US- Productivity
A 15:00 CA- Bank Of Canada Decision
A 15:30 US- EIA Crude
B 19:00 US- Beige Book
Thu 6 Dec 2018
AA 12:45 EZ- ECB Decision
AA 13:30 US/CA- Trade
A 13:30 US- Weekly Jobless
Fri 7 Dec 2018
A 10:00 EZ- GDP
AA 13:30 US/CA- Employment
A 15:00 US- Final Univ of Michigan

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