User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday September 10, 2013 - 09:58:25 GMT
Trade the News Staff - www.global-view.com/forex-services/TTN/

Share This Story:
| | Email

TradeTheNews.com EU Market Update: Risk appetite continues to find traction aided by more Chinese data and easing of any imminent attack on Syria

TradeTheNews.com EU Market Update: Risk appetite continues to find traction aided by more Chinese data and easing of any imminent attack on Syria
Tue, 10 Sep 2013 5:40 AM EST

***Notes/Observations***
- Syria strike risks ease after Russia proposed Syria put its chemical weapons under international control or destroy them in order to avert western military action; Proposal welcomed by Iran, Chinabut Syrian rebel opposition dissents and all it a political maneuver
- (CH) China Aug Industrial Production beats expectations and hits 16-month hish (Y/Y: 10.4% v 9.9%e) (16-month high); Industrial Production YTD Y/Y: 9.5% v 9.4%e
- (CH) China Aug Retail Sales beats expectations and hits 7-month high (Y/Y: 13.4% v 13.3%e)
- Tokyo hosting of 2020 Olympics labeled the 4th arrow for Abe govt
- The 10-year Italy/Spanish Gov't bond spread narrowed to zero basis points for the first time since March 2012

***Economic Data***
- (CH) China Aug Industrial Production Y/Y: 10.4% v 9.9%e (16-month high); Industrial Production YTD Y/Y: 9.5% v 9.4%e
- (CH) China Aug Urban Fixed Assets Y/Y: 20.3% v 20.2%e
- (CH) China Aug Retail Sales Y/Y: 13.4% v 13.3%e (7-month high); Retail Sales YTD Y/Y: 12.8% v 12.9%e

- (FI) Finland July Industrial Production M/M: 2.0% v 0.0%e; Y/Y: -2.5% v -5.4%e
- (JP) Japan Aug Preliminary Machine Tool Orders Y/Y: -1.8% v -12.2% prior
- (FR) France July Industrial Production M/M: -0.6% v +0.5%e; Y/Y: -1.8% v -0.5%e
- (FR) France July Manufacturing Production M/M: -0.7% v +0.7%e; Y/Y: -2.5% v -0.5%e

- (AT) Austria Q2 Final WIFO GDP Q/Q: +0.1% v +0.2% prelim
- (DK) Denmark Aug CPI M/M: 0.1% v 0.2%e; Y/Y: 0.4% v 0.5%e
- (DK) Denmark Aug CPI EU Harmonized M/M: 0.1% v 0.3%e; Y/Y: 0.1% v 0.3%e
- (TR) Turkey Q2 GDP WDA Q/Q: 2.1% v 1.5% prior; Y/Y: 4.1% v 3.6% prior; GDP Y/Y: 4.4% v 3.5%e
- (EU) ECB 1.7B borrowed in overnight loan facility vs. 2.2B prior; 71.2B parked in deposit facility vs. 79.9B prior - Daily Eurosystem Liquidity Conditions
- (SE) Sweden July Industrial Production M/M: -0.4% v +0.5%e; Y/Y: -5.2% v -3.6%e
- (SE) Sweden July Industrial Orders M/M: 0.3% v 0.7%e; Y/Y: 0.6% v -5.3% prior
- (IT) Italy Q2 Final GDP Q/Q: -0.3% v -0.2%e; Y/Y: -2.1% v -2.0%e (confirms eighth straight quarterly contraction)
- (ZA) South Africa Q2 Current Account Balance (ZAR): -216.2BB v -195.5B; Current Account to GDP Ratio: -6.5% v -6.2%e
- (NO) Norway Aug CPI M/M: -0.1% v -0.4%e; Y/Y: 3.2% v 3.0%e
- (NO) Norway Aug CPI Underlying M/M: -0.1% v -0.6%e; Y/Y: 2.5% v 1.9%e
- (NO) Norway PPI (including oil) M/M: 1.0% v 2.4% prior; Y/Y: 1.7% v 3.0% prior
- (CN) China Aug New Yuan Loans (CNY) M/M: 711.3B v 730.0Be
- (CN) China M2 Money Supply Y/Y: 14.7% v 14.6%e; M1 Money Supply Y/Y: 9.9% v 9.6%e v 9.7% prior; M0 Money Supply Y/Y: 9.3% v 9.4%e

- (CY) Cyprus Aug CPI Harmonized M/M: +0.1% v -1.1% prior; Y/Y: 0.1% v 0.7% prior
- (IN) India Aug Trade Balance: -$10.9B v -$12.3B prior; Imports Y/Y: -0.7% v -6.2% prior; Exports Y/Y: 13.0% v 11.6% prior

Fixed Income:
- (BE) Belgium Debt Agency
to sell Jun 2045 OLO bond in benchmark size via syndicate; guidance seen +115bps over mid-swaps
- (NL) Netherlands Debt Agency (DSTA) sold 2.0B vs. 2.0-3.0B indicated range in 1.75% 2023 DSL Bond ; Avg Yield: 2.412% v 2.061% prior
- (CH) Switzerland sold CHF622.1M in 3-month bills; Yield: -0.075% v -0.059% prior
- (EU) ECB allotted 97.2B in 7-day Main Refi Tender at fixed 0.50% vs. 95Be
- (EU) ECB allotted 3.4B in 1-month Refi Tender at fixed 0.50% vs. 4.0Be
- (HU) Hungary Debt Agency (AKK) sold HUF65B vs. HUF50B indicated in 3-month Bills; Avg Yield: 3.71% v 3.75% prior; Bid-to-cover: 2.25x v 1.55x prior
- (DE) Germany sold 910M 0.1% I/L Apr 2023 Bunds; Real Yield: +0.36% v +0.06% prior; Bid-to-cover: 1.6x v 1.6x prior
- (UK) DMO sold 2.75B in 3.25% 2044 Gilts; Avg Yield: 3.743% v 3.553% prior; Bid-to-cover: 1.46x v 1.65x prior; Tails: 0.4bps v 0.4bps prior

*** SPEAKERS/FIXED INCOME/FX/COMMODITIES/ERRATUM ***
**Equities:
Indices [Stoxx50 +1.2%
, FTSE 100 +0.80% at 6,582, DAX +1.5% at 8,400, CAC-40 +1.1% at 4,085, IBEX-35 +1.3% at 8,741, FTSE MIB +0.60% at 17,341, SMI +1.1% at 8,023, S&P 500 Futures +0.50% at 1,677]

- Market Focal Points: Equity markets gain on strength in auto sector, China industrial production and Russia's proposal for Syria; Corporates continue to tap bond market ahead of next week's Fed meeting, Spanish equities outperform Italian stocks amid concerns related to growth and Berlusconi, SocGen and RBS lead gains in the banking sector as Tobin tax may violate EU Treaties

By Sector
- Financials
[Ashmore ASHM.UK +6% (sharp rise in FY inflows), Sabadell SAB.ES +0.25% (launched capital raise); Partners Group PGHN.CH -5.5% (H1 results below ests)]
- Energy [Neste Oil NES1V.FI +13.5% (raised FY outlook), Repsol REP.ES +1% (mull options related to Gas Natural stake)]
- Basic Materials/Resources [Glencore Xstrata GLEN.UK +3.5% (raised synergy est for Xstrata merger)]
- Industrials [Peugeot UG.FR +7% (upbeat commentary at Frankfurt auto show) Volkswagen VOW3.DE +2% (FY sales guidance); Eiffage FGR.FR -3.5% (share placement), Fiat Industrial FI.IT -1.5% (broker commentary)]
- Healthcare [Abcam ABC.UK +4% (FY profits rose y/y)]
- Consumer Discretionary [TF1 TFI.FR +8% (broker commentary), SABMiller SAB.UK +1.5% (broker commentary); Whitbread WTB.UK -2.5% (profit taking following quarterly statement)]
- Stoxx50 Sectors [Consumer Cyclical +1.9%, Utilities +1.2%, Basic Materials +1.2%, Industrials +0.9%, Consumer Non Cyclical +0.6%Telecom +0.4%, Technology +0.3%, Energy +0.2%]

Speakers:
- France Fin Min Moscovici:
2013 public deficit will be slightly above 3.7%
- IMF Chief Lagarde: European banking union still has a far way to go; needs to be completed, speed is of the essence
- EU Commission Draft Doc: The planned financial transaction (Tobin) tax in 11 EU states is not compatible with EU Treaty
- Ireland Deputy PM Gilmore: Budget adjustments won't be more than are needed and could be less than 3.1B
- Japan Econ Min Amari: PM Abe ordered formulation of an economic package by the end of Sept; need sufficient measures to counter sales tax increase
- Japan Fin Min Aso: Says PM Abe stated that an economic package would be necessary if govt goes ahead with planned sales-tax increase
- Russia Foreign Min Lavrov: Syria weapons plan not really a Russian proposal; nurtured out of discussion with US
- France Foreign Ministry: Proposes Chapter 7 resolution regarding Syria to the UN Security Council with those responsible for the Aug 21st chemical attacks be tried. It welcomed the proposal of dismantling of Syria's chemical weapon stockpile and would set consequences if UN inspection were not respected
- German Foreign Min Westerwelle: Chance for a political solution on Syria is rising
- Iran Foreign Ministry spokesperson: Supports Russian offer to work with Syria to put chemical weapons under international control
- IEA Head Van Der Hoeven: Reiterates oil market is sufficiently supplied

Currencies/Fixed Income:
- Risk appetite continued to build some momentum as the Chinese data continued to point towards stabilization and any imminent military strike against Syria seemed less likely. The USD maintained a soft tone against the major European and commodity-related pairs. The greenback woes stemming from last week's disappointing Non-farm payroll data with uncertainty about when the Fed might begin to taper its stimulus
- The AUD currency gained as a result of the Chinese data with AUD/USD at 0.9270 ahead of the NY morning.
- The JPY also maintained a soft tone as numerous Japanese officials noted that PM Abe ordered the formulation of an economic package by the end of Sept to counter the planned sales tax hike. Tokyo's hosting of the 2020 Olympics seen as the 4th arrow for Japan. The USD/JPY pair was back at parity just ahead of the NY morning.
- The 10-year Italy/Spanish Gov't bond spread narrowed to zero basis points for the first time since March 2012

Political/In the Papers:
- (SY) Syria Foreign Min Muallem: Syria welcomes Russia's proposal to transfer chemical weapons to international control
- (SY) US State Dept Spokesperson: US is very skeptical of Russia proposals for Syria chemical weapons, will closely examine Russia's proposals
- (SY) US Senate Majority Leader Reid (D-NV): backs off plans to schedule a Senate vote on Wed regarding military action against Syria; vote still likely later this week; To await the national address by Pres Obama.
-(EU) European Parliament vote on banking union scheduled for today delayed until Thu Sep 12th - German press
- (US) Fed's Williams (dove, FOMC non-voter): Going into next week's meeting with an open mind regarding QE3; agree with Bernanke's timeline on bond buying schedule; Scaling of purchases may last 9-10 months and depend what is needed in the US e

**Looking Ahead***
All times listed for economic events are denominated in Eastern Standard Time (Add 4 hours for GMT equivalent)
- (PE) Peru July Trade Balance: -$400Me v -$78M prior
- 06:00 (TR) Turkey to sell 2015 and 2023 bonds
- 06:30 (EU) EFSF to sell 1.0B in 1.625% 2020 bonds
- 06:30 (US) Daily Libor Fixing
- 06:30 OPEC Monthly Report
- 07:00 (SE) Sweden Central bank Gov Ingves speaks on financial stability
- 07:00 (PL) Poland Fin Min Rostowski speaks at Bruegel in Brussels
- 07:00 (EU) ECB allotment in 7-day Term Deposit Tender to offset Govt Bond Purchases under SMP
- 07:00 (BR) Brazil Sept Preliminary IGP-M Inflation: 0.7%e v 0.1% prior
- 07:30 (US) Aug NFIB Small Business Optimism: 95.0e v 94.1 prior
- 07:30 (CL) Chile Central Bank's Economist Survey
- 07:45 (US) Weekly ICSC Chain Store Sales
- 08:00 (US) Baltic Dry Bulk Index
- 08:15 (CA) Canada Aug Housing Starts: 190.0Ke v 192.8K prior (revised from 192.9K)
- 08:30 (DE) ECB's Asmussen (Germany) speaks at Bruegel in Brussels
- 08:55 (US) Weekly Redbook Retail Sales
- 09:00 (EU) Weekly ECB Forex Reserves: 211.8B v 211.5B prior
- 10::00 (US) Defense Sec Hagel testifies on Syria
- 10:00 (MX) Mexico Weekly International Reserves
- 10:00 (US) July JOLTs Job Openings: No est v 3.936M prior
- 10:30 (DE) German Chancellor Merkel holds campaign rally in Rust
- 10:30 (CA) Canada to sell 3-month, 6-month and 12-month Bills
- 10:30 (UK) DMO announces size of 1.25% 2018 Gilt for its Sept 19th auction
- 11:00 (DE) German SPD chief and candidate Steinbruck campaign event in Ulm
- 11:00 (US) Fed to buy $1.25-1.75B in bonds
- 11:00 (UR) Ukraine to sell Bills and Bonds
- 11:30 (US) Treasury to sell $50B in 4-Week Bills
- 12:00 (DE) Germany Fin Min Schaeuble speaks at CDU Election Event, Villingen
- 13:00 (US) Apple iPhone announcement
- 13:00 (DE) German Chancellor Merkel holds campaign rally in Saarbrcken
- 13:00 (US) Treasury to sell $31B in 3-Year Notes
- 13:30 (BR) Brazil to sell I/L 2018, 2022, 2030, 2040 and 2050 Bonds
- 14:00 (DE) Germany Fin Min Schaeuble speaks at CDU Election Event, Rottweil
- 16:30 (US) Weekly API U.S. Crude Oil Inventories
- 21:00 (US) President Obama speaks

 

 

 

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.


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.

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