User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday August 29, 2013 - 06:03:00 GMT
Trade the News Staff - www.tradethenews.com/freetrial.asp?gv

Share This Story:
| | Email

TradeTheNews.com Asian Market Update: Australia CAPEX data mixed; Syria strike appears less imminent - Source TradeTheNews.com

- Markets are in modest relief rally mode, as the impending military action against Syria appears to have hit a snag. UN inspectors are calling for more time to determine the extent of Assad's chemical weapons use, Pres Obama said his mind is not yet made up as a strike would not resolve civil war, and House of Reps speaker Boehner called for a more detailed objective of the Syria mission from the White House. - Brazil Central Bank continued to battle inflationary pressure with its 3rd consecutive 50bp rate hike to 9.00%, as widely expected. Decision was unanimous and said to be a part of an ongoing adjustment. - Australia Q2 CAPEX rose at its fastest pace in 5 quarters, but a closer look at the Stats Bureau data also revealed lower expectations for total FY12/13 and FY13/14 capital investment levels relative to estimates made in the prior quarter assessment. FY12/13 CAPEX now seen at A$159.2B v A$165.5B prior forecast; FY13/14 CAPEX now seen at A$160.5B v A$163.0B prior forecast. - Press reports hinted Verizon-Vodafone talks for the latter's stake in Verizon Wireless are back on. WSJ's Hilsenrath piece suggested that Janet Yellen has portrayed herself as an underdog to be selected by Obama as the candidate to replace Fed Chairman Bernanke, just as talks are said to be headed into their final stages. ***Economic Data*** - (BR) BRAZIL CENTRAL BANK (COPOM) RAISES SELIC TARGET BY 50BPS TO 9.00% (AS EXPECTED) >- (JP) JAPAN JUL RETAIL TRADE M/M: -1.8% V -1.0%E; Y/Y: -0.3% V +0.1%E (first decline in 3 months); LARGE RETALERS SALES: -1.6% V -0.5%E - (JP) JAPAN JUL LOANS & DISCOUNTS CORP Y/Y: 2.2% V 1.7% PRIOR - (JP) Japan investors sold net 318.5B in Foreign Bonds last week vs sold net 903.8B prior week (2nd consecutive week of net sales) - (AU) AUSTRALIA Q2 PRIVATE CAPITAL EXPENDITURE: 4.0% V 0.0%E (5-quarter high) - (AU) AUSTRALIA JUL HIA NEW HOME SALES M/M: -4.7% V +3.4% PRIOR (first decline in 5 months) - (NZ) NEW ZEALAND AUG ANZ BUSINESS CONFIDENCE: 48.1 V 52.8 PRIOR (3-month low; first decline in 4 months); ANZ ACTIVITY OUTLOOK: 43.3 V 43.7 PRIOR - (NZ) New Zealand Central Bank (RBNZ) sold net NZ$2M in July (first sale since April) vs bought NZ$61M in June - (PH) PHILIPPINES Q2 GDP Q/Q: 1.4% V 1.4%E; Y/Y: 7.5% V 7.2%E - (KR) SOUTH KOREA JUL CURRENT ACCOUNT: $6.8B V $7.2B PRIOR; GOODS BALANCE: $5.7B V $5.0B PRIOR ***Fixed Income/Commodities/Currencies*** - (CN) PBoC injecting CNY26B in 14-day reverse repos today; Injecting net total of CNY41.5B this week v CNY72B last week - JGB: (JP) Japan MoF sells 2.67T in 0.1% 2-yr notes, Avg Yield: 0.112% v 0.127% prior; bid to cover: 5.55x v 9.27x prior - AUD and NZD outperforming against the greenback while JPY started out weaker as traders squared risk-off positions. AUD/USD and NZD/USD are up over 40pips above 0.8970 and $0.7830 respectively, while USD/JPY reached as high as 97.90. GBP saw some relative strength on Verizon/Vodafone deal chatter - GBP/USD was up around 30pips near $1.5550 while EUR/GBP cross was down slightly. - USD/INR: INR currency (Rupee) sharply higher by about 3% in early trade below INR67; Strength attributed to RBI plans to sell USD to refiners - (CN) PBoC sets yuan mid point at 6.1690 v 6.1202 prior close (weakest Yuan setting since Aug 22nd) ***Speakers/Political/In the Papers*** - (CN) China Industrial Bank economist Lu: China August new loans may reach CNY650B v CNY699.9B in July; Social financing may reach CNY800B - Chinese press - (CN) PBoC: China economic environment has been extremely complex in 2013 - press - (CN) Most banks in Shanghai still said to offer a 15% discount on first-home mortgages - Shanghai Daily - (JP) Japan ministries seek record 99T for FY14/15 budget - Japanese press - (JP) BOJ's Morimoto: BOJ to continue easing until stable inflation is reached; domestic economy expected to recover moderately; Downward pressure on rates to intensify - (ID) Indonesia Fin Min Basri: Central Bank trying to smooth Rupiah volatility; No discussion has taken place regarding capital controls - CNBC - (KR) Bank of Korea (BOK)'s Jung: Current account surplus may narrow for Aug - financial press - (US) Selection of next Fed Chairman said to be in the latter stages; Fed's Yellen sees herself as an underdog - WSJ's Hilsenrath - (SY) US Pres Obama: No decision made yet on Syria; direct military engagement in Syria civil war would not help - financial press interview - (SY) China Foreign Minister: Political solution is the only way out of the Syria standoff; Both sides should exercise caution - financial press ***Equities*** Markets Snapshot (as of 03:30 GMT): - Nikkei225 +0.5%, S&P/ASX -0.4%, Kospi +1.4%, Shanghai Composite -0.6%, Hang Seng +0.2%, Sept S&P500 -0.1% at 1,631, Dec gold -0.6% at $1,409, Oct crude oil -0.6% at $109.47/brl US markets: - VZ Verizon, Vodafone said to be in talks regarding Verizon Wireless stake; Deal would likely cost Verizon more than $100B; +0.6% afterhours - GES: Reports Q2 $0.52 v $0.36e, R$639M v $625Me; Raises FY14 EPS $1.78-1.92 v $1.81e; +18.5% afterhours Notable movers by sector: - Financials: Westfield Group WDC.AU -1.2% (H1 profits declined 36%), China Life Insurance 601628.CN +0.2% (H1 profits +68), China Minsheng Banking Corp 600016.CN -0.1% (H1 profits), Agricultural Bank of China 1288.HK +1.5% (H1 profit +15%) - Materials: Kingsgate KCN.AU -24.8% (FY13 net loss, no dividends), Jiangxi Copper Company Ltd 600362.CN -3.8% (lower metal prices) - Industrials: Shanghai International Airport Co Ltd 600009.CN -0.4% (H1 results), Zoomlion Heavy Industry Science and Technology Co Ltd 000157.CN -0.6% (H1 results), China State Construction Engineering 601668.CN -0.9% (H1 profits surge 23%) - Utilities: Kansai Electric Power 9503.JP -6.3%, Chubu Electric Power 9502.JP -4.0%, TEPCO 9501.JP -7.1% (continued radiation concerns) - Consumer discretionary: Panasonic Corporation 6752.JP -2.4% (rumors of smartphone exit), David Jones Ltd DJS.AU +0.7% (Q4 results), Qantas Airways Ltd QAN.AU +9.8% (return to profits in FY13) - Technology: Nintendo Co. Ltd 7974.JP -2.8% (cuts in product prices) - Energy: Inpex Corporation 1605.JP +5.3%, Japan Petroleum Exploration 1662.JP +4.8% (higher on oil prices) - Source TradeTheNews.com

 

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 15 November 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:

Thu 16 Nov
01:30 AU- Employment
09:30 GB- Retail Sales
10:00 EZ- final HICP
14:15 US- Industrial Production
Fri 17 Nov
13:30 CA- Retail Sales, CPI
13:30 US- Housing Starts and Permits

Forex Trading Outlook


Potential Trading Opportunities


  • POTENTIAL PRICE RISK: HIGH to Medium Wed -- 20:30 GMT AU- Employment data.

  • POTENTIAL PRICE RISK: HIGH Thu -- 09:30 GMT GB- Retail Sales.

  • POTENTIAL PRICE RISK: Mediun Thu -- 10:00 GMT EZ- final HICP. ECB targets inflation.

  • POTENTIAL PRICE RISK: Medium Thu -- NY Morning US- Import Prices, Philly Fed, Industrial, Production, NAHB. Usually not major movers.


  • POTENTIAL PRICE RISK: HIGH to Medium Fri -- 13:30 GMT CA- Retail Sales and CPI.

  • POTENTIAL PRICE RISK: HIGH to Medium Fri -- 13:30 GMT US- Housing Starts and Permits.



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