User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday August 27, 2013 - 10:10:33 GMT
Trade the News Staff -

Share This Story:
| | Email EU Market Update: Geopolitical risk weighs upon markets; emerging economies starting to buckle EU Market Update: Geopolitical risk weighs upon markets; emerging economies starting to buckle
Tue, 27 Aug 2013 5:45 AM EST

-US Secretary of State Kerry: Syria chemical attack undeniable; cannot cover up chemical weapon use; Obama believes there must be accountability for weapons use
- Brent Crude trades near $111.70/barrel; highest level since April on Mid-East jitters

- China Vice Fin Min Zhu: Confident to reach 7.5% GDP target and keep inflation below 3.5%; economy facing severe challenges internally and externally
- Emerging market equities and currencies continue to stagger; India Rupee and Turkish Lira hit fresh record lows of 66.07 and 2.0300 respectively
- German IFO Survey beats expectations: Business Sentiment rises for 4th straight month (107.5 vs. 107.0e)
- Spain and Italy have little difficulty selling debt in session despite safe-haven flows

***Economic Data***
- (NO) Norway Q3 Consumer Confidence: 22.4 v 22.8 prior
- (JP) Japan Aug Small Business Confidence: 49.7 v 49.4 prior
- (FI) Finland Aug Consumer Confidence Index: 5.0 v 7.4e; Business Confidence: -12 v -8 prior
- (HU) Hungary July Unemployment Rate: 10.1% v 10.1%e
- (ES) Spain Jun Total Mortgage Lending Y/Y: -43.2 v -24.9% prior; House Mortgage Approvals Y/Y: -42.2 v -29.0% prior
- (EU) ECB 140M borrowed in overnight loan facility vs. 15M prior; 82.7B parked in deposit facility vs. 87.2B prior - Daily Eurosystem Liquidity Conditions
- (NL) Netherlands Aug Producer Confidence Index: -1.6 v -3.1e
- (SE) Sweden July Trade Balance (SEK): 3.7B v 4.0Be
- (SE) Sweden July Household Lending Y/Y: 4.8% v 4.7%e
- (DE) Germany Aug IFO Business Climate: 107.5 v 107.0e (4th straight month of improvement); Current Assessment: 112.0 v 111.0e; Expectations Survey: 103.3 v 103.1e
- (TW) Taiwan July Leading Index M/M: 0.0% v 0.0% prior; Coincident Index M/M: 0.2% v 0.2% prior
- (HK) Hong Kong July Trade Balance (HKD): -37.2BB v -45.0Be; Exports Y/Y: +10.6% v +3.5%e; Imports Y/Y: +8.3% v +5.0%e
- (CN) China July Leading Index: 100.18 v 99.81 prior
- (ZA) South Africa Q2 GDP Annualized Q/Q: 3.0% v 3.3%e; Y/Y: 2.0% v 1.9%e

Fixed income:
- (ES) Spain Debt Agency
(Tesoro) sold total 4.07B vs. 3.0-4.0B indicated range in 3-Month and 9-Month Bills
- Sold 1.01B in 3-month Bills; Avg Yield: 0.155% v 0.442% prior; Bid-to-cover: 4.5x v 4.0x prior; Max Yield: 0.199% v 0.469% prior
- Sold 3.06 in 9-month Bills; Avg Yield: 1.089% v 1.152% prior; Bid-to-cover: 1.9x v 2.3x prior; Max Yield: 1.120% v 1.175% prior
- (IT) Italy Debt Agency (Tesoro) sells 2.98B vs. 3.0B indicated in Jun Zero Coupon 2015 CTZ; Avg Yield: 1.871% v 1.857% prior (highest since Sept 2012); Bid-to-cover: x v 1.48x prior
- (IT) Italy Debt Agency (Tesoro) sold 1.001B vs. 0.5-1.0B indicated range in I/L 2018 and 2026 BTPei
- (IN) India sold INR10B vs. INR10B indicated in 1.44% inflation-linked 2023 bonds; Avg Yield: 3.47%
- (CH) Switzerland sold CHF681.2M in 3-month bills; Yield: -0.044% v -0.087% prior
- (HU) Hungary Debt Agency (AKK) sold total HUF50B vs. HUF50B indicated in 3- month Bills; Avg Yield: 3.93% v 3.95% prior; Bid-to-cover: 1.97x v 1.74x prior
- (EU) ECB allotted 97.1B in 7-day Main Refi Tender at fixed 0.50% vs. 98.0Be

Indices [EuroStoxx50 -1.5%, FTSE 100 -0.90% at 6,436 (closed prior session), DAX -1.5% at 8,309, CAC-40 -1.5% at 4,007, IBEX-35 -1.8% at 8,487, FTSE MIB -1.7% at 16,680, SMI -1.2% at 7,924, S&P 500 Futures -0.60% at 1,644]

Market Focal Points: Fed tapering fears continue to weigh on emerging market and Southeast Asian assets, Events in Syria, German IFO above expectations, Italy banks extend losses amid political concerns

By Sector
- Financials
[Unicredit, Intesa -2.5% (political concerns), Zurich Insurance -2% (death of CFO)]
- Industrials [Daimler -2% (issued update on China plan), Volkswagen -2% (concerns about production delays in China), Aker Solutions -1% (Q2 results below ests), Imtech (H1 loss widened); Peugeot +1.5% (broker commentary)]
- Consumer Discretionary [Super Group -2% (broker commentary), Debenhams -1% (broker commentary); Premier Foods +3.5% (broker commentary), Marks & Spencer +2% (broker commentary), Accor +1% (new CEO), Bunzl +1% (H1 profit rose y/y)]
- Technology [Ordina -5% (cautious outlook)]
- Basic Materials [Polymetal -6% (broker commentary), Bekaert -3.5% (CEO transition plan), ThyssenKrupp -2.5% (broker commentary), Antofagasta -2.5% (H1 profits declined y/y)
- Telecom [Telecom Austria -1.5% (renewed capital raise speculation), Carphone Warehouse +2.5% (broker commentary)]
- Energy [Petrofac +3.5% (reaffirmed forecast, raised dividend)]
- EuroStoxx50 Sectors [Consumer Cyclical -2.1%, Financials -1.6%, Telecom -1.5%, Industrials -1.4%, Consumer Non-cyclical -1.2%, Basic Materials -1.1% Energy -1%, Technology -0.90%, Utilities -0.7%]

- IFO Economists reiterated that optimism was rising for export sector; economy had moved up in gear.
Euphoria in construction was fading but business remained solid. Economic recovery for EU could require extra stimulus
- Turkey Central Bank Gov Basci: Not concerned about Lira exchange rate. Have $40B of FX Reserves which can be used to defend TRY currency (Lira) (**Note TRY hit record lows above 2.03 in session)
- India Fin Min Chidambaram: Rupee has overshot its true level, it is undervalued. We have to be patient, be firm, do whatever is required to be done and rupee will find its appropriate level. Govt taking steps to address fiscal deficit even after the Food Security bill; fiscal deficit would be contained at 4.8% to GDP
- India Central bank (RBI) said to delay its next policy meeting by two days until Sept 20th to account for the Fed meeting
- Thailand Central Bank Dep Gov Pongpen: No concern on capital outflows due to sufficient foreign reserves (**Note: approx $170.8B)
- Philippine Central bank Gov Tetangco: Reiterates that will allow the PHP currency (peso) to respond to market forces; Will step in if it goes out of line
- France Debt Agency (AFT) chief Fayolle: Borrowing costs 'historically exceptional' and easing of debt crisis will not reduce demand. Seen very little impact from loss of AAA sovereign rating; Asian buying has helped to reduce French-German bond spread (Oat-Bund)
- Iran Foreign Ministry stated that a US attack on Syria would engulf the whole region. Warned of great consequences for the whole region and not restricted only to Syria

Currencies/Fixed Income:
- Risk aversion flows stemming from concerns over Syria aided the USD, JPY and CHF against the European pairs
. Price action saw a rotation out of equities into the safe-haven of bonds.
- INR currency (Rupee) hits new fresh record lows against USD, moving beyond INR66 level. Rupee weakening on speculation that higher oil prices might increase the country's oil import bill. Other dealers noted the recent legislation of the food security bill a budgeted annual cost of around $18B that is intended to "wipe out" endemic hunger and malnutrition in the country
- Turkey Lira currency (TRY) hits new fresh record lows against USD, moving above the 2.0300 level

Political/In the Papers:
- (EU) Moody's: Does not see euro area periphery to reach pre-crisis GDP levels before 2016-17; Positive trade balance since 2011 is the main driver of changes in current account; these improvements are not in and of themselves a sufficient condition for sustainable growth, and the rating outlooks on periphery countries remain negative
- (GR) ECB's Asmussen (Germany): Greece will reach a primary budget surplus this year and grow in 2014 if it sticks to its economic reforms; Returning to the bond market may be more of a challenge
- (US) According to unnamed sources in the Obama cabinet, Larry Summers is in the leading role to be named the next Fed Chairman - CNBC

**Looking Ahead***
All times listed for economic events are denominated in Eastern Standard Time (Add 4 hours for GMT equivalent)
- (DE) German SPD chief and candidate Steinbrck campaign event
- 06:00 (BE) Belgium Debt Agency to sell 1.8-2.8B of 2018, 2023 and 2032 OLO bonds
- 06:00 (TR) Turkey to sell new 2014 Zero Coupon and Floating rate Bonds
- 06:30 (US) Daily Libor Fixing
- 06:50 (US) Fed's Williams speaks on Monetary Policy in Sweden
- 07:00 (EU) ECB allotment in 7-day Term Deposit Tender to offset Govt Bond Purchases under SMP; to drain 190.5B
- 07:00 (EU) ECB's Coeure (France) in Sweden
- 07:00 (BR) Brazil Aug FGV Construction Costs M/M: 0.2%e v 0.7% prior
- 07:30 (TR) Turkey Aug Industrial Confidence Index: No est v 108.7 prior; Capacity Utilization: No est v 75.5% prior
- 07:45 (US) Weekly ICSC Chain Store Sales
- 08:00 (HU) Hungary Central Bank Interest Rate Decision: Expected to cut Base Rate by 10bps to 3.90%
- 08:55 (US) Weekly Redbook Retail Sales
- 09:00 (US) S&P/ CaseShiller 20 City M/M: 1.00%e v 1.05% prior; Y/Y: 12.10%e v 12.17% prior; Home Price Index: No est v 156.14 prior
- 09:00 (US) Q2 S&P/ CaseShiller House Price Index Y/Y: No est v 10.17% prior; HPI: No est v 136.7prior
- 09:00 (EU) Weekly ECB Forex Reserves
- 09:30 (ZA) South Africa Crop Estimates Committee 7th summer grains output
- 10:00 (US) Aug Richmond Fed Manufacturing Index: 0e v -11 prior
- 10:00 (US) Aug Consumer Confidence Index: 79.0e v 80.3 prior

- 10:00 (MX) Mexico Weekly International Reserves
- 11:00 (DE) German Chancellor Merkel holds Campaign Rally in Winsen/Luhe
- 11:00 (UR) Ukraine to sell Bills and Bonds
- 11:00 (US) Fed to purchase $4.25-5.25in Notes
- 11:30 (US) Treasury to sell $50B in 4-week Bills
- 12:00 (FR) France July Net Change in Jobseekers: No est v 14.9K prior; Total Jobseekers: No est v 3.279M prior
- 12:45 (CA) Bank of Canada Dep Gov Murray speaks at CABE
- 13:00 (US) Treasury to sell $34B in 2-Year Notes
- 13:30 (BR) Brazil to sell I/L 2018 and 2022 Bonds
- 15:00 (AR) Argentina July Supermarket Sales Y/Y: No est v 17.9% prior
- 15:00 (AR) Argentina July Shop Center Sales Y/Y: No est v 11.7% 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