User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday September 12, 2013 - 10:38:21 GMT
Trade the News Staff - www.global-view.com/forex-services/TTN/

Share This Story:
| | Email

TradeTheNews.com EU Market Update: BOE members reiterate view on forward guidance at Treasury Select Committee hearing

TradeTheNews.com EU Market Update: BOE members reiterate view on forward guidance at Treasury Select Committee hearing
Thu, 12 Sep 2013 5:51 AM EST

***Economic Data***
- (ID) Indonesia Central Bank (BI) raised Reference Rate by 25bps to 7.25%; not expected

- (DE) Germany Aug Wholesale Price Index M/M: -0.6% v -0.3% prior; Y/Y: -1.7%v 0.0% prior
- (FI) Finland July Final Retail Sales Volume Y/Y: -0.2% v -0.2%
- (FR) France Aug CPI M/M: 0.5% v 0.5%e; Y/Y: 0.9% v 0.9%e; CPI Ex-Tobacco Index: 125.90 v 125.93e v 125.35 prior
- (FR) France Aug CPI EU Harmonized M/M: 0.5% v 0.5%e; Y/Y: 1.0% v 1.0%e
- (TR) Turkey July Current Account Balance: -$5.8B v -$5.5Be v -$4.5B prior
- (ES) Spain Aug CPI M/M: 0.3% v 0.3%e; Y/Y: 1.5% v 1.5%e
- (ES) Spain Aug CPI EU Harmonized M/M: 0.2% v 0.2%e; Y/Y: 1.6% v 1.6%e
- (ES) Spain Aug Core CPI M/M: +0.1% v -1.0% prior; Y/Y: 1.6% v 1.7% prior
- (EU) ECB 0.0 borrowed in overnight loan facility vs. 1.5B prior; 68.6B parked in deposit facility vs. 86.0B prior - Daily Eurosystem Liquidity Conditions
- (NL) Netherlands July Retail Sales Y/Y: +1.2% v -3.7% prior
- (SE) Sweden Aug CPI M/M: 0.1% v 0.1%e; Y/Y: 0.1% v 0.1%e; CPI Level: 313.84 v 313.55 prior
- (SE) Sweden Aug CPI CPIF (Underlying) M/M: 0.1% v 0.1%e; Y/Y: 1.2% v 1.1%e
- (SE) Sweden Aug Unemployment Rate: 7.3% v 7.3%e; Unemployment Rate Seasonally Adj: 8.0% v 7.9%e
- (SE) Sweden Aug Average House Prices (SEK): 2.182M v 2/139M prior
- (IT) Italy July Industrial Production M/M: -1.1% v +0.3%e; Y/Y: -1.4% v -5.1% prior; Industrial Production WDA Y/Y: -4.3% v -2.7%e
- (PH) Philippines Central Bank (BSP) leaves Overnight Borrowing Rate unchanged at 3.50%; as expected

- (HK) Hong Kong Q2 Industrial Production Y/Y: 0.3% v 0.5% prior
- (HK) Hong Kong Q2 PPI Y/Y: -2.4% v 0.6% prior
- (GR) Greece Jun Unemployment Rate: 27.9% v 27.6% prior
- (EU) Euro Zone July Industrial Production M/M: -1.5% v -0.3%e; Y/Y: -2.1% v -0.2%e
- (IT) Italy Aug Final CPI (incl tobacco): M/M: 0.4% v 0.3% prelim; Y/Y: 1.1 v 1.1% prelim; CPI Ex Tobacco: 107.6 v 107.2 prior

- (IT) Italy Aug Final CPI EU Harmonized: M/M: 0.0% v 0.0% prelim; Y/Y: 1.2% v 1.2% prelim
- (ZA) South Africa July Mining Production Y/Y: +0.6% v -6.1%e v -6.2% prior; Gold Production Y/Y: +0.9% v -14.1% prior

Fixed Income:
- (IT) Italy Debt Agency (Tesoro) sells total 5.5B vs. 5.5B indicated in 2016 and 2028 BTP Bonds

- Sold 4.0B vs. 3.0-4.0B indicated range in new 2.75% Nov 2016 BTP Bonds; Avg Yield 2.72% (highest since Oct 2012) v 2.33% prior; Bid-to-cover: 1.52x v 1.34x prior
- Sold 1.5B vs. 1.5B indicated in 4.75% Sept 2028 BTP; Avg Yield: 4.88% v 4.67% prior; Bid-to-cover: 1.36x v 1.73x prior
- (IT) Italy Debt Agency (Tesoro) sells total 2.0B in 2018 CCTeu auction
- (SE) Sweden sold SEK1.0B in 2017 I/L Bonds; Yield: 0.2346%
- (HU) Hungary Debt Agency (AKK) sold HUF50B vs. HUF50B indicated 12-Months Treasury Bills; Avg Yield: 3.84% v 3.97% prior; Bid-to-cover: 2.12x v 1.60x prior
- (UK) DMO sold 3.75B in 2.25% 2023 Gilts; Avg Yield: 2.976% v 2.584% prior; Bid-to-cover: 1.59x v 1.76x prior; Tails: 0.4bps v 0.2bps prior

*** SPEAKERS/FIXED INCOME/FX/COMMODITIES/ERRATUM ***
**Equities:
Indices [EuroStoxx50 -0.20%,
FTSE 100 -0.40% at 6,565, DAX -0.30% at 8,473, CAC-40 -0.50% at 4,096, IBEX-35 -0.10% at 8,865, FTSEMIB -1% at 17,391, SMI -0.50% at 8,041, S&P 500 Futures -0.20% at 1,685]

Market Focal Points: UK retailers' quarterly reports, Mining shares decline on lower metals prices

By Sector
- Utilities
[RWE RWE.DE -2.5% (concerns related to dividend)]
- Healthcare [Sanofi SAN.FR -1.5% (delays regulatory submission related to LIXISENATIDE)]
- Consumer Discretionary [Richemont CFR.CH -2.5% (5-month sales below ests); Home Retail HOME.UK +3.5% (Q2 sales above ests), Vivendi VIV.FR +2.5% (renewed break-up speculation)]
- Consumer Staples [Morrison Supermarkets MRW.UK +4.5% (reaffirmed forecast), Ocado OCDO.UK +1.5% (Q3 gross sales +16.4%)]
- Industrials [Kentz Corp KENZ.UK -11% (AMEC withdrew bid)]
- Basic Materials/Resources [Kloeckner KCO.DE -1.5% (cautious broker commentary on EU steel industry)]
- Telecom [KPN KPN.NL +1.1% (continuing talks with America Movil)]
- Technology [ASM International ASM.NL +2% (broker commentary), SAP SAP.DE +1% (broker commentary)]
- EuroStoxx50 Sectors [Utilities -1%, Consumer Non Cyclical -0.80% Consumer Cyclical -0.30%, Energy -0.30%, Industrials -0.10%, Basic Materials ;Telecom +1.5%, Technology +1.3%, Financials +0.2%]

Speakers:
- (UK) BOE Gov Carney with members Fisher, Miles and McCafferty attend Treasury Select Committee hearing on inflation

- Gov Carney: Expected yield curve would steepen after forward guidance has introduced. Market expectations for jobless numbers have come in. Forecasts for jobless threshold now further out
- Member Fisher: Unemployment to fall back only gradual. Would have to think hard about BoE reaction if oil price spiked
- Member McCafferty: Inflation knockout very crucial to forward guidance. Voted for forward guidance to prevent overreaction to improving economy; upside risk to inflation
- EU official: Consensus view that Cyprus aid program is on track; disbursement planned for end-Sept. Mission to go to Portugal next week with Troika report to go to Eurogroup in Oct. Saw Portugal measures to offset expected shortfalls
-Troika technical mission arrives in Greece. The Review to assess whether Greece meets conditions to allow payment of 1.0B in early Oct
- Italy President Napolitano names Giuliano Amato Constitutional Court judge
- Slovenia may need to use the ESM for its banks
- Czech Govt see faster economic growth in 2014 above its +0.8% forecast
- OECD cuts Ireland 2013 GDP growth forecast to 0.0% from 1.0% prior
- Japan Vice Fin Min Yamaguchi: Japan not in a position to sell more bonds to stimulate the economy
- IMF's Zhu Min: US taper from QE will not cause crisis in emerging markets
- Ex-PBoC adviser Li Daokui: Sees no big impact from US QE taper
- Israel claims two shells have been fired from Syria and have hit southern Golan. Initial evidence shows shelling was 'errant
- Russia Foreign Min Lavrov: Calls on Syria to join chemical weapons convention
- France Foreign Min Fabius: Reiterates that all options remain on the table regarding Syria and plan must be rapid, credible and verifiable

Currencies/Fixed Income:
- The USD was consolidating its recent soft tone against the major European currencies.
- Large option expiries at 99.50 said to provide a support in USD/JPY pair. Dealer chatter noted that Japanese exporter selling ahead of fiscal half-year end initially helped to support the yen in Asia session.
- AUD weakened following the second straight monthly decline in Australian employment. The AUD/USD pair at 0.9240 just ahead of the NY morning.
- Russia Central Bank (CBR) again adjusted the floating Ruble corridor upward by 5 kopecks to 32.25-39.25 (7th time since August)
- A surprised rate hike by Indonesia showed the central bank's determination in supporting the Rupiah currency

Political/In the Papers:
- (EU) ECB's Hansson: The ECB has discussed another LTRO, but believe current policies seem appropriate
- (EU) ECB's Asmussen: Reiterates it is too early to tighten easy monetary policy; France must continue to conduct its reforms; its no secret inflation will probably stay below 2% through 2015.
- (EU) ECB's Praet: Single resolution mechanism is needed in a timely manner; ECB cannot be responsible for giving equity support to banks.
- (EU) EU's Dijsselbloem: Ireland may need access to facility to help its orderly exit from aid program, Portugal's exit will be even more difficult; Economic issues in Cyprus are not as bad as previously thought
- (EU) German Fin Min Schaeuble: Portugal could still have problems following the conclusion of their program
- (IT) Italy Senator Stefano: Panel to hold first vote on Berlusconi next week
- (SY) White House Press Sec: Have no timeline yet for any future vote on Syria; assessing the proposal from Russia will take time
- (SY) US State Dep spokesperson Psaki: Russia's plan for Syria comprises is an idea right now, rather than a developed proposal.
- (SY) Russia President Putin said military strike would unleash new wave of terrorism - NYTimes op/ed; Although chemical weapons were undoubtedly used, there is every reason to believe it was used by the opposition forces, not the Syrian Army, to provoke intervention.

**Looking Ahead***
All times listed for economic events are denominated in Eastern Standard Time (Add 4 hours for GMT equivalent)
- (IT) Italy Senate committee to discuss Berlusconi- 06:00 (EU) EU Parliament votes on resolutions for Egypt and Syria
- (MX) Mexico Aug Same-Store Sales Y/Y: -1.0%e v -2.3% prior
- 06:00 (EU) EU Parliament votes on resolutions for Egypt and Syria
- 06:00 (IL) Israel Q2 Current Account Balance: No est v $1.8B prior
-06:00 (IE) Ireland Aug CPI M/M: No est v -0.1% prior; Y/Y: No est v 0.7% prior
- 06:00 (IE) Ireland Aug CPI EU Harmonized M/M: No est v -0.1% prior; Y/Y: No est v 0.7% prior
- 06:00 (IS) Iceland to sell Bills
- 06:00 (CZ) Czech Republic to sell 6-month Bills
- 06:30 (US) Daily Libor Fixing
- 07:00 (RU) Russia Gold and Forex Reserve w/e Sept 6th: No est v $510.8B prior
- 07:00 (RO) Romania to sell RON500M in Bonds
- 07:40 (EU) ECB's Draghi speaks in Latvia
- 08:00 (IN) India Aug CPI Y/Y: 9.6%e v 9.6% prior
- 08:00 (IN) India July Industrial Production Y/Y: -0.8%e v -2.2% prior
- 08:00 (BR) Brazil July Retail Sales M/M: 0.1%e v 0.5% prior; Y/Y: 2.9%e v 1.7% prior; Retail Sales Broad Y/Y: +1.3%e v -2.0% prior

- 08:30 (US) Initial Jobless Claims: 330Ke v 321K prior; Continuing Claims: 2.97Me v 2.951M prior
- 08:30 (US) Aug Import Price Index M/M: 0.5%e v 0.2% prior; Y/Y: No est v 1.0% prior

- 08:30 (CA) Canada July New Housing Price Index M/M: 1.9%e v 0.2% prior; Y/Y: No est v 1.8% prior
- 09:00 (EU) ECB's Draghi post speech press conference
- 09:00 (US) Fed's Dudley in Paris on OTC Derivatives
- 09:00 (CA) Canada Aug Teranet/National Bank HPI M/M: 0.3%e v 0.7% prior; Y/Y: No est v 1.9% prior; House Price Index: No est v 158.16 prior
- 10:00 (US) U.S.-China Economic and Security Review Commission
- 10:30 (US) EIA weekly Natural Gas Inventories

- 11:00 (DE) German Chancellor Merkel holds campaign rally in Koblenz
- 11:00 (BR) Brazil to sell 2014, 2015, 2017 and 2019 Bills
- 11:00 (US) Fed to purchase $2.75-3,50B in Notes
- 11:00 (US) Treasury 10-year TIPS announcement
- 12:00 (DE) German Free Democrats hold Party Congress in Mainz
- 12:00 (IS) Iceland Aug International Reserves (ISK): No est v 475B prior
- 12:30 (DE) German SPD chief and candidate Steinbruck campaign event in Mnchen
- 13:00 (DE) German Chancellor Merkel holds campaign rally in Neuss
- 13:00 (US) Treasury to sell30-Year Bonds Reopening
- 14:00 (US) Aug Monthly Budget Statement: -$150.0Be v -$190.5B prior
- 17:00 (CL) Chile Central Bank Interest Rate Decision: Expected to leave the Overnight Rate Target unchanged at 5.00%
- 19:00 (PE) Peru Central Bank Interest Rate Decision: Expected to leave the Reference Rate unchanged at 4.25%

 

 

 

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 20 November 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:


Mon 20 Nov
14:00 EZ- Draghi Speech
15:00 US- Leading Indicators
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