User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday October 29, 2013 - 10:40:16 GMT
Trade the News Staff -

Share This Story:
| | Email EU Market Update: Constructive data in Europe still gives way to cautious trading in session; Retail sales registers its first rise in 39 months; UK Mortgage Approvals at 5-year highs EU Market Update: Constructive data in Europe still gives way to cautious trading in session; Retail sales registers its first rise in 39 months; UK Mortgage Approvals at 5-year highs
Tue, 29 Oct 2013 6:21 AM EST

- China PBoC conducted CNY13B in 7-day reverse repos (first liquidity injection in two weeks; Shanghai fails to respond
- Japan Sept Retail Trade data hits 16-month high (3.1% vs. 1.8%e)
- India Central Bank (RBI) again raises Interest Rates to combat high inflation (2nd hike within a month) and adds liquidity to banking sector after cutting Marginal Standing Facility by another 25bps to 8.75% (3rd cut within a month)
- Spain Sept Retail sales registers its first rise in 39 months
- UK Sept Mortgage Approvals beats expectations and hits highest level since Feb 2008
- Italy Q3 GDP seen continuing its contraction trend (would be 9th straight quarterly decline)

***Economic Data***
- (JP) Japan Oct Small Business Confidence: 50.8 v 49.8 prior
- (IN) India Central Bank (RBI) raised its Repurchase Rate by 25bps to 7.75% (as expected) and left its Cash Reserve Ratio (CRR) unchanged at 4.00% (as expected)
- (ZA) South Africa Sept M3 Money Supply Y/Y: 7.0% v 6.9%e; Private Sector Credit Y/Y: 7.6% v 7.7%e
- (FR) France Oct Consumer Confidence: 85 v 86e
- (HU) Hungary Sept Unemployment Rate: 9.8% v 9.9%e
- (ES) Spain Sept Adjusted Retail Sales WDA Y/Y: +2.2% v +2.1%e (first rise in 39 months); Retail Sales Y/Y: +2.2% v -4.2% prior
- (EU) ECB 0.0M borrowed in overnight loan facility (8th time in 9 sessions) vs. 0.0M prior; 51.3B parked in deposit facility vs. 51.3B prior - Daily Eurosystem Liquidity Conditions
- (ZA) South Africa Q3 Unemployment Rate: 24.7% v 25.6%e
- (UK) Sept Net Consumer Credit: 0.4B v 0.7Be; Net Lending 1.0B v 1.3Be
- (UK) Sept Mortgage Approvals: 66.7K v 66.0K; highest since Feb 2008
- (UK) Sept M4 Money Supply M/M: 0.6% v 0.5%e; Y/Y: 2.6% v 2.5%e; M4 Ex IOFCs 3M Annualized: 4.3% v 4.4%e

Fixed Income:
- (IT) Italy Debt Agency (Tesoro) sold 8.0B vs. 8.0B indicated in 6-month Bills; Avg Yield: 0.629% v 0.781% prior; Bid-to-cover: 1.82 x v 1.45x prior

- (EU) ECB allotted 89.3B in 7-day main Refi Tender at fixed 0.50% vs. 90Be

Indices [Stoxx50 +0.20%,
FTSE 100 +0.40% at 6,753, DAX +0.10% at 8,989, CAC-40 +0.30% at 4,263, IBEX-35 +0.70% at 9,804, FTSE MIB +1.4% at 19,091, SMI -0.10% at 8,284, S&P 500 Futures flat at 1,758]

- Market Focal Points: European banks decline after reporting earnings (Lloyds, UBS, Deutsche Bank, Standard Chartered), FTSE 100 gains on BP earnings, Shanghai Composite declines despite China liquidity injection, Apple declines on quarterly margins, Upcoming US earnings (Nokia, Pfizer, Cummins, Valero)

By Sector
- Financials
[UBS UBSN.CH -5.5% (Q3 results below ests), Lloyds LLOY.UK -3% (reported Q3 results, broker commentary), Deutsche Bank DBK.DE -2.5% (Q3 profits below ests), Standard Chartered STAN.UK -1% (cautious trading update); HannoverRe HNR1.DE +1% (broker commentary)]
- Industrials [Bauer B5A.DE -15% (profit warning), Michelin ML.FR -3% (9-month sales declined y/y); Ferrovial FER.ES +2% (9-month profits rose y/y)]
- Energy [BP BP.UK +3.5% (Q3 production rose y/y, raised dividend)]
- Consumer Discretionary [Next Fifteen Communications NFC.UK -20% (profit warning)]
- Eurostoxx50 Sectors [Telecom +0.4%,Technology +0.4%, Utilities +0.4%, Energy +0.4%, Consumer Non-Cyclical +0.4%, Basic Materials +0.4%; Financials -0.1%, Industrials -0.1%,Consumer Cyclical flat]

- Spain Deputy Budget Min Curras
stated that the country would meet govt GDP forecast and budget target for 2013 and was up to each autonomous regions to set tax rates and meet deficit target
- Italy Stats Agency (ISTAT) Q3 GDP declined (**Note: would be the 9th straight quarterly contraction)
- France Industry Min Montebourg reiterated view that EUR currency was too strong
- Czech Central Bank Vice Gov Tomsik: FX intervention was still very probably and would not hesitate to ease policy further
- South Africa released its planned changes to draft mining and oil laws in which it would take a 20% free stake in energy projects and might secure further 30% stake in energy projects
- South Africa Central Bank (SARB) Financial Stability Review: Country's banking sector remained profitable and well-capitalized
- RBI commented after its rate decision that Wholesale Price Index inflation was expected to remain higher than current levels through most of the remaining part of the year, warranting an appropriate policy response. Retail inflation to remain at or above 9% without policy action. It forecasted FY13/14 GDP at 5.0%
- India Central Bank (RBI) Gov Rajan stated that it would act accordingly on rates but one could not assume that future action would be higher. He reiterated that India could not live with high CPI levels and the central bank would act to bring inflation down to manageable level. He expected inflation to be lower than 9% given recent RBI action
- China PBoC stated that money market liquidity were still adequate and its management of would be stable in 2013. It was advising investing institutions to reduce extreme leverage to avoid liquidity shocks. Main reasons for recent rate rise was the market's underestimation of tax payments and other short-term factors (Seasonal factors)
- South Korea Fin Min Hyun: Economy has passed a turning point in recovery; Affirms 2013 GDP to be 2.7% as forecast
- China to hold the third plenary session of the 18th Central Committee between Nov 9-12th

Currencies/Fixed Income:
- The USD continued to consolidate following last week's soft tone and was on a bit supportive footing in today's session. The EUR/USD retraced from 1.38 after its inability to make fresh 2-year highs. The key support still seen at 1.3700.
- Morgan Stanley FX strategist commented on the yen and was cautiously optimistic that the Third Arrow of Abenomics, as well as the positive risk environment, would weigh on JPY.
- The AUD/USD maintained a soft tone into Europe after RBA Gov Stevens employed some verbal intervention and forecasted that the AUD to be "materially lower in the future". Analysts also noted that further signs that China was tightening monetary conditions via the currency and interest rates were likely to increase the challenges for the commodity-related currencies

Political/In the Papers:
- (UK) BoE's Miles: Raising interest rates before unemployment declines meaningfully would be 'pretty catastrophic' - press; Storm in the UK is likely to have a small impact on GDP
-(UK) BOE's Dale: Unclear if market curves have been warranted or not, forward guidance does provide more transparency and is conditional on economic outlook; Option of further QE remains on the table at MPC meetings
-(GR) Greece govt preparing for the arrival of troika technical team on Oct 29th - Greek press

**Looking Ahead***
All times listed for economic events are denominated in Eastern Standard Time (Add 4 hours for GMT equivalent)
- (FI) Finland to sell up to 1.5B in Sept 2018 and July 2042 bonds
- (US) Federal Reserve FOMC begin 2-day Meeting
- (CA) Canada 2020 conference on relationship with China
- (EU) EU's Rehn in SF
- (US) Federal Reserve FOMC Meeting
- (ES) Spain Sept YTD Budget Balance: No est v -47.6B prior
- (BR) Brazil Sept Central Govt Budget Balance (BRL): No est v 0.1B prior
- 06:30 (HU) Hungary Debt Agency (AKK) to sell 3-Month Bills

- 07:00 (IE) Ireland Sept Property Prices M/M: No est v 0.9% prior; Y/Y: No est v 2.8% prior
- 07:00 (IE) Ireland Sept Retail sales Volume M/M: No est v -1.6% prior; Y/Y: No est v 2.6% prior
- 07:45 (US) Weekly ICSC Chain Store Sales
- 07:45 (US) Daily Libor Fixing
- 08:00 (EU) ECB allotment in 7-day Term Deposit tender; Expected to drain 188B
- 08:00 (CL) Chile Sept Manufacturing Index Y/Y: +2.3%e v -2.0% prior
- 08:00 (CL) Chile Sept Retail Sales Y/Y: 10.2%e v 12.0% prior
- 08:00 (CL) Chile Sept Total Copper Production: No est v 492.9K tons prior
- 08:30 (US) Sept PPI M/M: 0.2%e v 0.3% prior; Y/Y: 0.6%e v 1.4% prior
- 08:30 (US) Sept PPI Ex Food and Energy M/M: 0.1%e v 0.0% prior; Y/Y: 1.2%e v 1.1% prior
- 08:30 (US) Sept Retail Sales Advance M/M: 0.0%e v 0.2% prior; Retail Sales Ex Auto M/M: 0.4%e v 0.1% prior
; Retails Sales ex auto &Gas: 0.5%e v 0.1% prior; Control Group: 0.4%e v 0.2% prior
- 08:30 (BR) Brazil Sept Total Outstanding Loans (BRL): No est v 2.578T prior Outstanding Loans M/M: No est v 1.3% prior; Private Banks Lending: No est v 1.271T prior; Personal Loan Default Rate: No est v 7.1% prior
- 08:30 (CA) Canada Sept Industrial Product Price M/M: 0.0%e v 0.2% prior; Raw Materials Price Index M/M: -0.5%e v +0.9% prior
- 08:55 (US) Weekly Redbook Retail Sales
- 09:00 (IT) Italy Fin Min Saccomanni in budget committee
- 09:00 (US) Aug S&P/ CaseShiller 20 City M/M: 0.60%e v 0.62% prior; Y/Y: 12.40%e v 12.39% prior; Home Price Index NSA: No est v 162.49 prior
- 09:00 (HU) Hungary Central Bank (NBH) Interest Rate Decision: expected to cut Base Rate by 20bps to 3.40%
- 10:00 US) Aug Business Inventories: 0.3%e v 0.4% prior
- 10:00 (US) Oct Consumer Confidence Index: 75.0e v 79.7 prior

- 10:00 (EU) Weekly ECB Forex Reserves
- 11:00 (US) Fed to purchase $1.25-1.75B in Notes
- 11:30 (US) Treasury to sell $40B in 4-Week Bills
- 12:00 (UR) Ukraine to sell Bills and Bonds
- 12:00 (IT) Italy PM Letta with China Foreign Min Wang Yi
- 13:00 (AT) ECB's Nowotny (Austria) in Vienna
- 13:00 (SE) Sweden Central Bank (Riksbank) Dep Gov Floden (dove)
- 13:00 (US) Treasury to sell $35B in 5-Year Notes
- 13:40 (CA) Bank of Canada Dep Gov Cote speaks in Winnipeg
- 16:30 (US) Weekly API Crude Oil Inventories
- 19:50 (JP) Japan Sept Preliminary Industrial Production M/M: +1.8%e v -0.9% prior; Y/Y: +5.5%e v -0.4% prior


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 12 Nov 2018
AA CA/US Holiday
Tue 13 Nov 2018
AA 09:30 GB- Employment
A 09:00 DE- ZEW Survey
Wed 14 Nov 2018
AA 09:30 GB- CPI
AA 09:30 EZ- GDP
A 14:30 US- EIA Crude
Thu 15 Nov 2018
A 01:30 AU- Employment
AA 09:30 GB- Retail Sales
A 12:30 US- Weekly Jobless
Fri 16 Nov 2018
AA 10:00 EZ- Final HICP
A 14:15 US- Ind Prod/Cap Util

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