User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday October 8, 2013 - 15:12:23 GMT
Trade the News Staff -

Share This Story:
| | Email US Market Update: Shutdown Day Eight US Market Update: Shutdown Day Eight
Tue, 08 Oct 2013 10:56 AM EST

***Economic Data***
- (DE) Germany Aug Factory Orders M/M: -0.3% v +1.1%e; Y/Y:3.1 % v 4.0%e
- (EU) OECD Aug Inflation Y/Y: 1.7% v 2.0% prior
- (PT) Bank of Portugal reports Sept ECB financing to Portuguese banks at 51.9B vs. 51.6B (4th straight monthly rise to an eight month high)
- (CL) Chile Sept CPI M/M: 0.5% v 0.5%e; Y/Y: 2.0% v 1.9%e; CPI Core M/M: 0.6% v 0.4%e
- (BR) Brazil Sept FGV Inflation IGP-DI M/M: 1.4% v 1.5%e
- (US) Sept NFIB Small Business Optimism: 93.9 v 94.3e
- (US) ICSC Chain Store Sales w/e Oct 4th: w/w -0.1%; Y/Y: +1.8%
- (CA) Canada Sept Housing Starts: 193.6K v 185.0Ke
- (CA) Canada Aug Int'l Merchandise Trade: -C$1.3B v -C$0.7Be
- (US) Redbook Retail Sales w/e Sept 4th: +3.3% y/y, Sept MTD: -0.5% m/m; Sept YTD: +3.7% y/y
- (US) Oct IBD/TIPP Economic Optimism: 38.4 v 46 prior

- The shutdown dragged into its eight day today and the awaited financial market freakout has not arrived as of yet to compel action in Washington, DC. Traders continue to watch short-term rates move much higher: one-month USTs are now at a higher than LIBOR for first time in at least 12 years. As of writing, the DJIA is down 0.41%, the S&P500 is down 0.18% and the Nasdaq is down 1.0%.

- The Republicans continue demand negotiations on "spending cuts" while passing more bills to provide limited funding to certain parts of the government. However, the incoherence of their demands is becoming very hard to ignore and Speaker Boehner is still refusing to bring a CR funding bill up for a vote, even as he insists the measure would never pass. Meanwhile in the Senate, Sen Reid will likely introduce a debt limit increase bill that would provide borrowing authority through to 2014 and expects to get 60 votes without conditions. Both Japan and China, the first- and second-largest holders of USTs, have now formally demanded that the Congress ensure the stability of their very substantial investments.

- In FX trading, sterling hit session lows early this morning as severe volatility and confusing followed the BoE's "LTRO announcement." Despite the use of an acronym more associated with the ECB's special funding mechanisms, the operation is one of the BoE's regular functions. After dropping to 1.6016, GBP/USD rebounded above 1.61 handle. USD/JPY pair briefly traded below its 200-day moving average for the first time since mid-Nov 2012.

- The IMF reduced forecasts for global growth in its World Economic Outlook this morning, warning that emerging economies have cooled off, Europe remains in the doldrums, the US is facing fiscal uncertainty and global ramifications of QE tapering are becoming clear. The IMF cut its 2013 global GDP outlook to +3.1% from +3.3% prior and its 2014 outlook to +3.8% from +4.0% prior.

- JC Penny gained as much as 6% this morning after disclosing September comps only declined 4%, which is a huge improvement over the double-digit declines seen earlier in the year. The firm also made other reassuring comments about a return to more normal business conditions. Shares of JCP have given up some of these gains in mid-morning trade.

- Samsung Electronics must stop importing certain models of its smartphones and tablet computers after the Obama administration let stand a ban won by Apple in a patent-infringement dispute.

***Looking Ahead***
- 11:30 (US) Treasury to sell $35B in 4-Week Bills
- 11:45 (EU) ECB's Weidmann (Germany) speaks in Berlin
- 12:00 (CH) SNB President Jordan at Peterson Institute
- 12:00 (US) Oct DOE Short-Term Crude Outlook
- 12:25 (US) Fed's Pianalto speaks on Economy in Pittsburgh
- 12:30 (US) Fed's Plosser speaks on Economic Outlook and Monetary Policy
- 19:50 (JP) Bank of Japan (BOJ) September 4-5 meeting minutes




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 15 Oct 2018
AA 12:30 US- Retail Sales
Tue 16 Oct 2018
AA 08:30 GB- Employment
A 09:00 DE- ZEW Survey
A 13:15 US- Industrial Production
Wed 17 Oct 2018
AA 08:30 GB- CPI
A 09:00 EZ- Final HICP
A 12:30 US- Housing Starts/Permits
A 14:00 US- Existing Homes Sales
A 14:30 US- EIA Crude
AA 18:00 US- Fed Policy Minutes
Thu 18 Oct 2018
A 1:30 AU- Employment
AA 08:30 GB- Retail Sales
A 12:30 US- Weekly Jobless
Fri 19 OCt 2018
AA 12:30 CA- CPI/ Retail Sales

John M. Bland, MBA
co-founding Partner,

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