User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday September 26, 2013 - 10:09:02 GMT
Trade the News Staff -

Share This Story:
| | Email EU Market Update: Banking and political concerns in Italy weigh on markets EU Market Update: Banking and political concerns in Italy weigh on markets
Thu, 26 Sep 2013 5:28 AM EST

-Europe fails to benefit from equity gains seen in Tokyo
-JPY weakness on renewed corporate tax cut speculation; NZD/JPY and AUD/JPY rebound
-Italy markets underperform amid ongoing political concerns;
-Bank of Spain reiterates that Q3 GDP is expected to improve
-Euro-zone bank lending continues to contract, amid ECB concerns about the transmission of monetary policy
-UK Q2 household consumption, business investment revised lower; Gilt yields hit lowest level since late Aug

***Economic Data of Note***
- (EU) EURO ZONE AUG M3 MONEY SUPPLY Y/Y: 2.3% V 2.3%E; M3 3-MONTH AVERAGE: 2.3% V 2.3%E
- (UK) Q2 FINAL GDP Q/Q: 0.7% V 0.7%E; Y/Y: 1.3% V 1.5%E


Fixed Income:
(IT) Italy Debt Agency (Tesoro) sells 8.5B v 8.5B indicated in Mar 2014 bills; avg yield: 0.781%; bid-to-cover 1.45

Indices [EuroStoxx50 -0.30%, FTSE 100 -0.10% at 6,545, DAX -0.30% at 8641, CAC-40 -0.40% at 4,177, IBEX-35 -0.60% at 9,186, FTSE MIB -2% at 17,738, SMI -0.30% at 8,031, S&P 500 Futures +0.20% at 1,688 ]

Market Focal Points: H&M's earnings beat ests, Italian equities and banks underperform as debt spreads widen , Alcatel-Lucent benefits from M&A speculation

By Sector
Financials [Mapfre MAP.ES -2% (share placement), Raiffeisen RBI.AT -1.5% (broker commentary)]
Industrials [DSM DSM.NL -4.5% (cautious outlook), Jenoptik JEN.DE (broker commentary)]
Telecom [Alcatel-Lucent ALU.FR +6.5% (M&A speculation)]
Consumer Discretionary [Ladbrokes LAD.UK -8% (warned on outlook), Thomas Cook TCG.UK -7% (reaffirmed outlook), Colruyt COLR.BE -3.5% (cautious outlook), Aggreko AGK.UK -1% (broker commentary); H&M HMB.SE +6% (Q3 profits above ests), Tui Travel TT.UK +1% (raised outlook)]
Consumer Staples [Compass Group CPG.UK +1% (reaffirmed outlook)]
Basic Materials [African Minerals AMI.UK +45% (strategic investment agreement)]
EuroStoxx50 sectors [Energy -0.60%, Technology -0.50%, Basic Materials -0.40%, Financials -0.30%, Consumer Cyclical -0.40%, Consumer Non-Cyclical -0.20%, ;Telecom +0.40%, Industrials +0.30%, Utilities +0.10%]

IMF Sr Official Rodlauer: More confident in IMF's 7.8% growth forecast for China in 2013.
Avg growth for China of about 6% is sufficient going forward.
IMF: Eurozone should set up a joint budget to help avoid economic shocks and to prevent weak members from experiencing severe recessions. Budget could be 2.5% of Eurozone GDP or about 200B. Such a fund would collect revenues from euro area members at all times and make transfers to countries when they experience negative shocks.
Fed's Lacker (hawkish, non-voter): The Fed will face risks as it pursues its exit strategy from recent unconventional policies. Forward guidance on low rates could reduce economic activity by reducing expectations of future growth. He Sees only minor impact of govt funding issue on GDP. Lacker said it would be difficult to start taper in Oct without losing face (but its could be done in principle based on data), but don't see any reason why the taper can't start in Dec.
Sweden Riksbank Jochnick: US economy is on the right track; reiterates Sweden's economy is on road to recovery
Hungary Central Bank: Inflation to remain well below target until 2015, sees room for further moderate easing. 2013 and 2014 budget deficit to remain below EU limit.
Bank of Indonesia: To raise reserve ratio to 3%, effective Oct and to raise the ratio to 4% from Dec
German CDU Caucus leader Grosse-Broemer: No need for tax increases
ECB's Asmussen: Investors have confidence in EU crisis management. Everybody can trust in ECB keeping price stable. US must re-order their fiscal policy in the long term and not just raise their debt ceiling every few months. He said it would be good to have a Eurozone budget to support reforms.
Italy President Napolitano: Cancels attendance at event due to disturbing political developments

Political/In the Papers:
(PT) Portugal Debt Agency Chief Rato: Portugal can regularly issue bonds starting in 2014
(ES) Spain PM Rajoy: Spain 2012 budget deficit revised to 6.8% from 7.0% prev. No more budget cuts will be approved in 2013
(ES) Spain govt confirms it will freeze salaries for civil servants in 2014 for 5th year in a row that will apply to 2.6M employees at national, regional and local levels
(DE) German CDU leader Barthle: Would like lower taxes for mid and low income earners
(JP) Japan pension advisory panel: advises Japan govt to re-examine their bond holdings. Japan GPIF and other public funds should alter current emphasis on JGBs in their portfolio allocations

- Talk of possible corporate tax reform in Japan drove the yen weaker to 99.11. In general the USD was weaker against the other majors due to continued uncertainty over the US budget and possible government shutdown. EUR/USD had a range of 1.3526-1.3499. The sterling was down 0.25% to 1.6036, after Q2 current account and, GDP and total business investment came in lower than expected.

**Looking Ahead***
- 07:00 (CZ) Czech Central Bank Interest Rate Decision: Expected to leave the Repurchase Rate unchanged at 0.05%
- 08:00 (BR) Brazil Aug Unemployment Rate: No est v 5.6% prior
- 08:30 (US) Q2 Final GDP Annualized Q/Q: 2.5%e v 2.5% prior; Personal Consumption: 1.8%e v 1.8% prior
- 08:30 (US) Q2 Final GDP Price Index: 0.8%e v 0.8% prior; Core PCE Q/Q: 0.8%e v 0.8% prelim
- 08:30 (US) Initial Jobless Claims: No est v K prior; Continuing Claims: No est v M prior
- 10:00 (US) Aug Pending Home Sales M/M: No est v -1.3% prior; Y/Y: No est v 8.6% prior
- 11:00 (US) Sept Kansas City Fed Manufacturing Activity: No est v 8 prior
- 12:15 (US) Fed's Kocherlakota Speaks in Houghton, MI
- 13:00 (US) Treasury to sell 7-Year Notes




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