User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday October 29, 2013 - 04:51:55 GMT
Trade the News Staff - www.tradethenews.com/freetrial.asp?gv

Share This Story:
| | Email

TradeTheNews.com Asian Market Update: PBoC injects funds into money markets but tension continues; RBA Gov Stevens talks down AUD***Observations/Insights*** - Source TradeTheNews.com

- Apple beat on the top and bottom line but shares fell about 1% in extended session, with Mac and iPad shipments missing estimates and margins turning slightly softer. Initial knee-jerk response was lower afterhours, before management alleviated concerns over margin pressure being the result of sequential increase in deferrals; Apple was also upbeat on iPad shipment growth. - Australia's ANZ bank reported full-year results; Net interest margins deteriorated 9bps, but cash profit was up marginally; ANZ also forecasted a 4-5% revenue growth in Q4, helping shares rise nearly 2%. - As speculated, the PBoC has resumed its open market operation activity due to rising money market rates, conducting its first liquidity injection in 2 weeks. Despite the initial rush in risk appetite, investors have presumably deemed the CNY13B operation to be too modest, as repo and Shibor rates hit fresh multi-week highs and Shanghai Composite quickly pared its opening gains. - Unable to temper its formal policy statement hawkishness for fear of stoking housing inflation, RBA Gov Stevens employed some verbal intervention at a local conference, forecasting AUD to be "materially lower in the future" given subdued business investment outlook and anticipated decline in terms of trade. - Japan retail sales increase at the fastest pace in 16 months as shoppers line up ahead of the rollout of the higher sales tax. JPY remains bid however, with all eyes now on the BOJ Outlook for Economic Activity and Prices report later this week. ***Economic Data*** - (JP) JAPAN SEPT RETAIL TRADE Y/Y: 3.1% V 1.8%E (16-month high); RETAIL SALES M/M: 1.8% V 0.5%E; LARGE RETAILERS' SALES: 0.7% V 0.7%E - (JP) JAPAN SEPT OVERALL HOUSEHOLD SPENDING Y/Y: 3.7% V 0.5%E (6-month high) - (JP) JAPAN SEPT JOB-TO-APPLICANT RATIO: 0.95 V 0.96E; JOBLESS RATE: 4.0% V 4.0%E - (KR) SOUTH KOREA SEPT CURRENT ACCOUNT: $6.57B V $5.68B PRIOR; GOODS BALANCE: $5.70B V $5.28B PRIOR ***Fixed Income/Commodities/Currencies*** - (CN) PBoC to conduct CNY13B in 7-day reverse repos (first liquidity injection in two weeks) - (AU) Australia MoF (AOFM) sells 1.25% A$200M in 2022 indexed Bonds; avg yield: 1.3483%; bid-to-cover: 3.38x - update - JGB: (JP) Japan MoF sells 2.68T in 0.1% 2-yr notes, Avg Yield: 0.094% v 0.093% prior; bid to cover: 7.96x v 5.50x prior - SLV: iShares Silver Trust ETF daily holdings rise to 10,502 tonnes (2-week high) from 10,442 tonnes - AUD is under outsized pressure following a downbeat set of comments from RBA Gov Stevens calling for a much lower exchange rate. AUD/USD hit 2-week lows around $0.9505, AUD/JPY also at 2-week lows below 92.70, while AUD/NZD reversed some of its recent strength to fall 40pips below NZ$1.15 level. NZD/USD also pressured by general modest risk-off sentiment, falling 0.3% below 0.8260, down 0.4%. - In other dollar majors, Sterling unexpectedly fell to 2-week lows below $1.61. EUR/USD and USD/JPY traded sideways in 25pip ranges around $1.3780 and 97.60 respectively. ***Speakers/Political/In the Papers*** - (AU) RBA's Stevens: AUD likely to be materially lower in the future; high AUD not supported by costs, productivity; Terms of trade likely to fall - (NZ) According to one survey, economists are near-unanimous in expectation for the first RBNZ rate hike to take place in March of 2014 - NZ press - (JP) BOJ expected to maintain its 2% inflation target within 2 years timeframe as part of the Outlook for Economic Activity and Prices report expected on Oct 31st - Nikkei News - (JP) Japan Vice Fin Min Furusawa: Japan requires fiscal reform to keep market confidence - financial press - (JP) IMF dep director of Asia-Pacific Schiff: Japan needs steady growth path, not just stimulus - (CN) China may loosen second child policy nationwide - Chinese press - (CN) China may grant higher crude imports quota; Teapot refineries may obtain quota to process imported crude - Chinese press - (CN) China Ministry of Housing may issue housing industrialization policy in 2014 - financial press - (KR) Bank of Korea (BOK) Official Jung: Oct exports in very good condition; South Korea to see $63B current account surplus in 2013 - (KR) South Korea Minister of Trade, Industry and Energy Yoon held talks with planning officers of the country's top 30 conglomerates, calling on companies to boost investment and hiring - Korean press ***Equities*** Market Snapshot (as of 03:30 GMT): - Nikkei225 -0.1%, S&P/ASX -0.5%, Kospi flat, Shanghai Composite -1.0%, Hang Seng -0.1%, Dec S&P500 -0.1% at 1,757, Dec gold +0.3% at $1,356, Nov crude oil -0.3% at $98.43/brl US markets: - X: Reports Q3 -$0.14 v -$0.43e, R$4.13B v $4.31Be; -5.2% afterhours >- STX: Reports Q1 $1.29 v $1.31e, R$3.49B v $3.55Be; Raises quarterly dividend 13% from $0.38/shr to $0.43/shr; -4.8% afterhours - AAPL: Reports Q4 $8.26 v $7.89e, R$37.5B v $36.7Be; Exec: iPhone sales grew in all regions, especially in emerging markets; also remain strong in the US - conf call; -1.2% afterhours - HLF: Reports Q3 $1.32 v $1.14e, R$1.21B v $1.20Be; Raises FY13 EPS guidance; -1.0% afterhours - RVBD: Reports Q3 $0.26 v $0.23e, R$262M v $268Me; flat afterhours - CNO: Reports Q3 $0.33 v $0.34e, R$1.09B v $1.06Be; +1.2% afterhours - HIG: Reports Q3 $1.03 v $0.83e, R$2.85B v $2.78Be; +2.4% afterhours - KORS: To be added to S&P500 index after the close of trading on Friday, November 1; +3.8% afterhours - MAS: Reports Q3 $0.29 v $0.25e, R$2.20B v $2.10Be; +4.7% afterhours Notable movers by sector: - Consumer discretionary: Cosco Pacific Ltd 1199.HK +1.1% (Q3 results); Japan Airlines 9201.JP -1.0% (press speculation on H1 results) - Consumer Staples: Yamazaki Baking 2212.JP -2.9% (expansion plans) - Industrials: SITC International Holdings Co Ltd 1308.HK +8.6% (Q3 results); Kawasaki Heavy Industries 7012.JP -3.6% (H1 results), Mitsui Engineering & Shipbuilding 7003.JP -2.0% (H1 results), Komatsu Ltd 6301.JP -8.0% (H1 results; lowers FY13/14 guidance) - Materials: Anhui Conch Cement 914.HK +0.8% (Q3 results); Kuraray Co Ltd 3405.JP +4.2% (H1 results) - Financials: ANZ Bank ANZ.AU +1.9% (FY results); Chongqing Rural Commercial Bank 3618.HK +1.6% (Q3 results); China Everbright Bank Co 601818.CN +0.7% (Q3 results); Poly Real Estate Group Co Ltd 600048.CN -0.7% (Q3 results); Gemdale Corp 600383.CN -1.0% (Q3 results); Bank of China 3988.HK +1.5%, AgBank 1288.HK +2.0%, ICBC 1398.HK +1.7%, China Construction Bank 939.HK +1.0%, Bank of Communication 3328.HK +1.3% (may issues preferred shares) - Technology: Hynix Semiconductor 000660.KR -1.7% (Q3 results); Kyocera Corp 6971.JP +0.9% (press speculation on H1 results) - Utilities: TEPCO 9501.JP +4.7% (press speculation on H1 results) - Source TradeTheNews.com

 

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