User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday October 30, 2013 - 10:54:49 GMT
Trade the News Staff -

Share This Story:
| | Email EU Market Update: Hope that the European economy might be at last turning the corner; focus turns to FOMC decision (very unlikely to lead to a policy change) EU Market Update: Hope that the European economy might be at last turning the corner; focus turns to FOMC decision (very unlikely to lead to a policy change)
Wed, 30 Oct 2013 6:21 AM EST

- Japan industrial production returns to growth in September (1.5% vs. 1.8%e)
- (CN) China 7-day repo rate rises by over 55bps to near 5.6% (highest since late June), 1-day repo rate up about 60bps; Shanghai Composite rises 1.5% as analyst note rising money rates doesn't signal PBoC tightening; China economy is stabilizing
- Continued hope that the European economy might be at last turning the corner. Spain Q3 GDP registers its first growth in 9 quarters
- German unemployment rises for the third straight month while its inflation moves to negative territory on a monthly basis
- Italy 5-year and 10-year auction results were solid with lower borrowing costs and higher bid-to-cover rations
- Today's FOMC decision very unlikely to lead to a policy change
- ADP private sector employment estimate will provide the first indication of the indirect impact of the shutdown on employment

***Economic Data***
- (JP) Japan Sept Vehicle Production Y/Y: +13.0% v -7.6% prior
- (CH) Swiss Sept UBS Consumption Indicator: 1.56 v 1.32 prior
- (DE) Germany Sept ILO Employment: 41.842 v 41.804M prior; Unemployment Rate: 5.2 v 5.2% prior
- (ES) Spain Q3 Preliminary GDP Q/Q: +0.1% v +0.1%e (first growth in 9 quarters); Y/Y: -1.2% v -1.2%e
- (ES) Spain Oct Preliminary CPI Y/Y: -0.1% v +0.3%e; CPI EU Harmonized Y/Y: 0.1% v 0.4%e
- (DE) Germany Oct CPI Saxony M/M: -0.3% v 0.0% prior; Y/Y: 1.1% v 1.5% prior
- (CH) Swiss Oct KOF Leading Indicator: 1.72 v 1.60e; 13-month high
- (EU) ECB 1M borrowed in overnight loan facility vs. 0.0M prior; 50.5B parked in deposit facility vs. 51.3B prior - Daily Eurosystem Liquidity Conditions
- (AT) Austria Sept PPI M/M: 0.3% v 0.1% prior; Y/Y: -1.1% v -1.1% prior
- (SE) Sweden Aug Non-Manual Workers Wages Y/Y: 1.4% v 1.6% prior
- (DE) Germany Oct Unemployment Change: +2K v 0Ke (third straight monthly rise); Unemployment Rate: 6.9% v 6.9%e
- (DE) Germany Oct CPI Brandenburg M/M: -0.2% v -0.1% prior; Y/Y: 1.2% v 1.3% prior
- (DE) Germany Oct CPI Hesse M/M: -0.2% v 0.0% prior; Y/Y: 0.9% v 1.1% prior
- (DE) Germany Oct CPI Bavaria M/M: -0.4 v +0.1% prior; Y/Y: 1.0% v 1.4% prior
- (NO) Norway Aug AKU Unemployment Rate: 3.5% v 3.6%e
- (NO) Norway Sept Retail Sales W/Auto Fuel M/M: 0.7% v 0.5%e
- (IS) Iceland Q3 Unemployment Rate: 4.4% v 6.8% prior
- (DE) Germany VDMA: Sept machine orders Y/Y: -6.0% v +6.0% prior; YTD -1.0%
- (UK) Oct Lloyds Business Barometer: 63 v 57 prior
- (DE) Germany Oct CPI North Rhine Westphalia M/M: -0.1 v 0.0% prior; Y/Y: 1.4 v 1.5% prior
- (EU) Euro Zone Oct Business Climate Indicator: -0.01 v -0.19e; Consumer Confidence: -14.5 v -14.5e; Economic Confidence: 97.8 v 97.2e; Industrial Confidence: -4.8 v -6.5; Services Confidence: -3.7 v -2.8e
- (BR) Brazil Oct FGV Inflation IGPM M/M: 0.9% v 0.9%e; Y/Y: 5.3% v 5.3%e

Fixed Income:
- (EU) ECB allotted $0.0M in 7-Day USD Liquidity Tender at fixed 0.59% vs. $0.0M prior
- (IT) Italy Debt Agency (Tesoro) sold total 6.0B vs. 6.0B indicated in 5-year and 10-year BTP Bonds
- Sold 3.0B v 3.0B indicated in Dec 3.5% 2018 BTPs; Avg Yield: 2.89% v 3.38% prior; Bid-to-cover: 1.65x v 1.43x prior
- Sold 3.0B v 3.0B indicated in Mar 4.5% 2024 BTPs; Avg Yield: 4.11% v 4.50% prior; Bid-to-cover: 1.53x v 1.38x prior
- (EU) ECB allotted 1.9B in 3-month Refi Tender at fixed 0.50% vs. 2.7Be

Indices [Stoxx50 +0.50%,
FTSE 100 +0.50% at 6,807, DAX +0.40% at 9,056, CAC-40 +0.60% at 4,302, IBEX-35 +0.80% at 9,945, FTSE MIB +0.90% at 19,422, SMI +0.30% at 8,263, S&P 500 Futures +0.30% at 1,771 ]

Market Focal Points: Certain European markets near record highs tracking gains in the US and Asia, Big European Earnings (Barclays, Clariant, Eni, Volkswagen, Sanofi, Statoil, TomTom), Energy sector outperforms on results from ENI, Fed decision later today

By Sector
- Industrials
[Vossloh VOS.DE +5% (Q3 sales rose y/y), Volkswagen VOW3.DE +4% (Q3 profits above forecast, reaffirmed outlook), Clariant CLN.CH +3.5% (Q3 profits above ests, asset sale)]
- Financials [Barclays BARC.UK +3% (Q3 profits in line), UniCredit UCG.IT +1.5% (broker commentary)]
- Energy [Eni ENI.IT +3% (Q3 profits above ests, buyback)]
- Healthcare [Sanofi SAN.FR +1.5% (FY forecast in line)]
- Consumer Discretionary [Next NXT.UK +6% (Q3 sales +4.3%), Lookers LOOK.UK +4.5% (positive outlook), TomTom2 TOM2.NNL +4% (raised outlook); Pearson PSON.UK -3% (cautious outlook)]
- Basic Resources/Materials [African Barrick Gold ABG.UK (Q3 production +11%)]
- Stoxx50 sectors [Consumer Cyclical +1.8%, Energy +1.7%, Utilities +0.9%, Industrial +0.2%, Consumer Non-Cyclical +0.1%, Telecom +0.1%, Technology +0.1%; Financials -0.1%, Basic Materials -0.10%]

- Italy PM Letta:
Sees Italy economy recovering by year end
- Spain PM Rajoy: EU banking union moving in the right direction
- ECB Q3 Lending Survey Banks' access to retail and wholesale funding improved in Q3 across all funding categories. Net 5% of banks tightened credit standards v 7% q/q. It expected loan demand to pick up in Q4
- Bank of Italy Q3 Lending Survey was slightly less restrictive in quarter while loan demand remained weak. It expected a sharp pickup in Q4 mortgage demand
- China President Xi Jinping: To increase supply of affordable housing
- China Commerce Ministry spokesperson: Still face uncertainty in foreign trade but reiterates 2014 Foreign trade to maintain stable growth
- India Central Bank (RBI) Gov Rajan: We think we have done enough on rate hikes, will wait and watch economy
- Japan GPIF pension fund panel spokesperson stated that it did not discuss whether to review bond holdings at today's meeting and might need only one more meeting to decide upon changes

Currencies/Fixed Income:
- Dealers noted that price action was likely to be driven by month end flows and the USD maintained a slight bid into the end of Oct.
- FOMC likely to be a non-event but market participants would be looking for clues on how the Fed viewed the recent US Govt shutdown and the potential impact on Q4 growth
- European pairs held tight ranges against the USD. Dealers were eyeing GBP/USD and whether the pair could hold above the 1.60 handle as a barometer for European currencies.
- NZD initially fell in Asia after reports citing Moody's analyst suggested that the rating agency was close to joining Fitch and S&P in lowering New Zealand rating to AA from AAA.

Political/In the Papers:
- (EU) ECB's Nowotny (Austria): There is no realistic prospect for a rate cut, there are no tools available for the ECB to use against a strong EUR; current ECB interest rate is fine for all eurozone nations; ECB has room to maneuver on liquidity needs, but not on interest rates; We certainly do not welcome EUR appreciation, but we have to live with it.
-(IT) Italy govt cuts 2013 GDP forecast to -1.8% from -1.7%, raises 2014 forecast to +1.1% from +1.0% prior
-(UK) BoE's Carney: Growth in the UK has recently come from the household sector and has not been evenly spread; will seek to be vigilant on lending practices - interview; Policy will not be tightened until recovery has been deemed sustainable
-(CN) China may announce property tax reform at plenary meeting in Nov - Chinese press
-(CN) China 1-year bonds yields up over 25bps on the day to a record 4.06%
- (CN) China 7-day repo rate rises by over 55bps to near 5.6% (highest since late June), 1-day repo rate up about 60bps
- (JP) BOJ likely to raise FY14/15 GDP forecasts - Japanese press

**Looking Ahead***
All times listed for economic events are denominated in Eastern Standard Time (Add 4 hours for GMT equivalent)
- (CH) Swiss government meeting
- (TR) Japan PM Abe in Turkey
- (EU) EU's Barnier at event in Brussels
- (EU) Eurogroup chief Dijsselbloem with Poland Dep PM
- (DE) Germany Oct CPI Baden Wuerttemberg M/M: No est v 0.1% prior; Y/Y: No est v 1.2% prior
- (BE) Belgium Oct CPI M/M: No est v 0.1% prior; Y/Y: No est v 0.9% prior
- 06:30 (PT) ECB's Costa (Portugal) speaks at OMFIF Event in London
- 06:30 (DE) Germany to sell 4.0B in 2% 2023 bunds
- 06:30 (HU) Hungary to buy back Bonds
- 07:00 (DE) German Chancellor Merkel CSU/CDU holds coalition talks with SPD
- 07:00 (US) MBA Mortgage Applications w/e Oct 25th: No est v -0.6% prior
- 07:00 (BR) Brazil Sept PPI Manufacturing M/M: No est v 1.5% prior; Y/Y: No est v 6.0% prior
- 07:00 (PT) Portugal Sept Industrial Production M/M: No est v 8.3% prior; Y/Y: No est v 0.6% prior
- 07:00 (PT) Portugal Sept Retail Sales M/M: No est v 4.8% prior; Y/Y: No est v -0.1% prior
- 07:00 (IE) Ireland Sept PPI M/M: No est v 0.0% prior; Y/Y: No est v -1.2% prior
- 07:00 (ZA) South Africa Sept Electricity Production Y/Y: No est v -1.1% prior; Electricity Consumption Y/Y: No est v 1.7% prior
- 07:45 (NL) Netherlands PM Rutte in London
- 07:45 (US) Daily Libor Fixing
- 08:00 (RU) Russia to sell RUB10B in Aug 2023 OFZ; Yield guidance seen between 7.29-7.34%
- 08:00 (UK) Prime Minister's Question Time in House of Commons
- 08:00 (NO) Norway Gov begins budget process
- 08:00 (CL) Chile Sept Unemployment Rate: 5.8%e v 5.7% prior
- 08:00 (ZA) South Africa Sept Budget Balance (ZAR): -9.0Be v -1.8B prior
- 08:15 (US) Oct ADP Employment Change: +150Ke v +166K prior
- 08:30 (US) Sept CPI M/M: 0.2%e v 0.1% prior; Y/Y: 1.2%e v 1.5% prior
- 08:30 (US) Sept CPI Ex Food and Energy M/M: 0.2%e v 0.1% prior; Y/Y: 1.8%e v 1.8% prior

- 08:30 (US) Sept CPI NSA: 234.073e v 233.877 prior; CPI Core Index SA: 234.700e v 234.302 prior
- 09:00 (IT) Italy Fin Min Saccomanni on budget
- 09:00 (DE) Germany Oct Preliminary CPI M/M: 0.0%e v 0.0% prior; Y/Y: 1.4%e v 1.4% prior
- 09:00 (DE) Germany Oct Preliminary CPI EU Harmonized M/M: 0.0%e v 0.0% prior; Y/Y: 1.5%e v 1.6% prior
- 10:00 (BE) Belgium Q3 Preliminary GDP Q/Q: No est v 0.2% prior; Y/Y: No est v 0.0% prior
- 10:30 (BR) Brazil Central Bank weekly currency Flows
- 10:30 (US) Weekly DOE Crude Oil Inventories
- 13:00 (US) Treasury to sell $29B in 7-Year Notes
- 14:00 (US) FOMC Interest Rate Decision: expected to leave Interest Rates unchanged at 0.25%
- 14:00 (DE) ECB's Weidmann (Germany)

- 14:30 (DE) German Bundesbank member Nagel in London
- 15:00 (DE) ECB's Asmussen in Stuttgart
- 15:00 (IT) Italy Fin Min Saccomanni
- 16:00 (NZ) New Zealand Central Bank (RBNZ) Interest Rate Decision: Expected to leave Official Cash Rate unchanged at 2.50%




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