User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Monday September 23, 2013 - 07:43:17 GMT
Trade the News Staff -

Share This Story:
| | Email Asian Market Update: China flash PMI hits a 6-month high; Merkel wins 3rd term as Chancellor but expected to be forced into a "grand coalition" with center-left***Observations/Insight

- German chancellor Merkel to retain her post as widely expected; CDU/CSU bloc receives nearly 42% of the vote but loses junior coalition party FDP as it fails to reach 5% Parliamentary threshold; Likely to be forced to reach out to the main opposition party SPD to form a "grand coalition" with center left. - Stronger than expected China flash PMI lifts Shanghai Composite by 0.5% in the morning session; Figure marks 2nd month of expansion and a 6-month high, while HSBC chief Asia economist anticipates "a more sustained recovery as the further filtering-through of fine-tuning measures lift domestic demand." - Russia-US tensions on Syria escalate as Russian Foreign Min accuses US of seeking to orchestrate regime change. - Tokyo on holiday break; HKEX cancels pre-market trading/delays regular market trading due to Typhoon signal No.8 ***Economic Data*** - (CN) CHINA SEPT HSBC/MARKIT FLASH MANUFACTURING PMI: 51.2 V 50.9E (2nd consecutive month of expansion, 6-month high) - (TW) TAIWAN AUG UNEMPLOYMENT RATE: 4.2% V 4.2%E ***Fixed Income/Commodities/Currencies*** - (KR) South Korea sells 20-yr govt Bonds; avg yield 3.625% - GLD: SPDR Gold Trust ETF daily holdings fall by 1.8 tonnes to 910.2 tonnes - update as of 9/20 - (CN) Daily Shibor fixings: 1-week: 4.2320% v 3.7490% prior (3rd consecutive rise; 3-week high) - USD/CNY: (CN) PBoC sets yuan mid point at 6.1475 v 6.1212 prior close (record high setting for Yuan) - USD/INR: DB see the end of the pronounced INR weakness; Forecasts INR62 target for the next 6 months and INR60 in the next 12 months - financial press - USD/INR: INR currency (Rupee) slightly higher in early trade around INR62.50 against the USD - AUD/USD is the largest gainer among the dollar majors, rising above $0.9430 or up over 60pips from the lows following better than expected China flash PMI; AUD/JPY up 60pips as well as high as 93.55, while NZD/USD was up 35pips above $0.8375. - USD/JPY, EUR/USD in narrow 25pip ranges around 99.20 and $1.3530 respectively. ***Speakers/Political/In the Papers*** - (CN) China 2013 CPI may be +2.7% y/y v +3.5% official target; Export growth may be +9.0% y/y v +8.3% official target - People's Daily - (CN) China Qinhuangdao coal price falls to CNY525-540/ton - Chinese press - (CN) China completes preliminary audit on local govt debt - Chinese press - (CN) China Federation of Logistics and Purchasing: China posted a 9.5% y/y YTD growth to CNY127T in goods moving around the country as of Aug-end - Shanghai Daily - (JP) Japan chief TPP negotiator: "We've succeeded in laying the groundwork to raise the negotiations to the political level" - Nikkei News - (KR) Federation of Korean Industries (FKI): 73.8% of polled economists and academics concerned Korean economy faces a high probability of a Japan-style malaise - Korean press - (KR) South Korea Fin Min Hyun: To continue monitoring financial markets and remain on alert amid expectation of inevitable Fed taper - Korean press - (KR) South Korea Pres Park may trim some of her pledges on welfare - Korean press - (DE) Follow up: German national election results show Merkel's CDU/CSU block at 41.5%, SPD (opposition) at 25.7%, FDP (jr coalition) at 4.7%; Greens 8.4%, AfD 4.7%, Linke 8.6% with all districts counted - financial press - (DE) German Fin Min Schaeuble: Willing to stay on as minister; Believes Germany can continue its European policy - (IT) Italy Fin Min Saccomanni threatens to resign if the govt scorns EU deficit spending limits and enacts tax cuts - Italian press - (SI) Slovenia central bank gov Jazbec: Next few weeks are crucial for Slovenia as it struggles to avoid a bailout - press - (EG) Egypt governing committee spokesperson: May rewrite the entire constitution drafted by the Mursi govt - (SY) Russia Foreign Min Lavrov: White House is blackmailing Russia to endorse a tough UN resolution on Syria; Prepared to send ground troops to Syria - press ***Equities*** Markets Snapshot (as of 03:30 GMT): - Nikkei225 closed, S&P/ASX -0.5%, Kospi +0.4%, Shanghai Composite +0.7%, Hang Seng delayed (due to typhoon), Dec S&P500 +0.2% at 1,705, Dec gold -0.9% at $1,321, Nov crude oil flat at $104.75/brl US markets: - AAPL: German group claims to have hacked fingerprint scanner of the iPhone - financial press - GE: Awarded a $2.2B contract to provide turbines for six power plants in Algeria with capacity of 8.4K MW - press - C: Said to have suffered a large decline in trading revenue which may weigh on its earnings - FT Notable movers by sector (**NOTE: Japan markets closed for holiday): - Consumer discretionary: Qantas Airways Ltd QAN.AU -0.7% (authorities investigate near-crash incident on Friday), Treasury Wine Estates TWE.AU -7.4% (CEO resigns; reaffirms FY14 EBIT guidance) - Telecom: Fiberhome Telecommunication Technologies Co Ltd 600498.CN +5.4% (China to expand broadband investment) - Industrials: Elders ELD.AU +10.0% (Ruralco may sell its stake), Daikin Industries 6367.JP (to build Mexico facility), Toyota Tsusho Corp 8015.JP (enters into cooperate agreement with Air Liquide), BYD Company Limited 002594.CN +5.0% (China to promote new energy cars for 2013-15) - Materials: Peak Resources PEK.AU +4.8% (update on Ngualla Rare Earth Project funding), Red Fork Energy Limited RFE.AU -2.1% (Sep production results), Newcrest Mining Ltd NCM.AU -7.3% (FY14 gold production guidance) - Financials: Macquarie Group Limited MQG.AU -1.7% (H1 guidance broadly in line with H2 2013) - Energy: Cooper Energy Ltd COE.AU +2.5% (commencement of well drilling campaign in Cooper Basin) Related (UPDTE ) - Source


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