User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday November 5, 2013 - 16:34:19 GMT
Trade the News Staff -

Share This Story:
| | Email US Market Update: Poor European Commission Growth Forecasts Send US and European Equities Lower US Market Update: Poor European Commission Growth Forecasts Send US and European Equities Lower
Tue, 05 Nov 2013 11:05 AM EST

***Economic Data***
- (CL) Chile Sept Economic Activity M/M: -0.8% v -0.6%e; Y/Y: 3.9% v 4.0%e
- (BR) Brazil Oct PMI Services: 52.1 v 50.7 prior
- (US) ICSC Chain Store Sales w/e Nov 2nd: w/w -0.6%; Y/Y: +1.9%
- (SG) Singapore Oct Purchasing Managers Index: 51.2 v 51.0e; Electronics Sector Index: 51.0 v 50.9e
- (US) Redbook Retail Sales w/e Nov 2nd: +3.8% y/y, Oct MTD: -1.2% m/m; Oct MTD: +3.4% y/y - 09:00 (EU) Weekly ECB Forex Reserves:
- (MX) Mexico Sept Leading Indicators M/M: 0.01 v 0.0 prior
- (US) Oct ISM Non-Manufacturing Composite: 55.4 v 54.0e
- (US) Nov IBD/TIPP Economic Optimism: 41.4 v 41.8e

- The European Commission trimmed economic forecasts for the EU in a report out overnight and bond yields across the region suffered. Even in the US, yields on the 10-year UST have crept up to 2.657%. European equities have tumbled from the open, setting a negative tone for US stocks. As of writing, the DJIA is down 0.23%, the S&P500 is down 0.37% and the Nasdaq is flat.

- The ISM services index for October modestly topped expectations, with good expansion seen despite the government shutdown during the month. The overall index ticked higher from September, but remained below the eight-month high of 58.6 seen in August. Note that the employment sub-index was strong, which provides some color ahead of Friday's October jobs report. Nobody expects a taper over the next two Fed meetings, but the strong ISM services data may be another case of good news being bad news for equities in the short term.

- EUR/USD remained within striking distance of six-week lows ahead of Thursday's ECB rate decision. European officials continued with verbal intervention regarding where they would like to see the euro FX rate. Italy Finance Minister Saccomanni said an ECB interest rate cut was possible by the end of the year and said the strong euro posed risks to recovery.

- CVS is up 2% or so this morning after the firm comfortably topped expectations and tweaked its FY outlook a bit higher. CVS's profits were up 25% y/y and shares of CVS are now at all-time highs. Hospital operator HCA reported higher admissions but flat y/y profits in its Q3, and shares of HCA are down 2.2%.

- Both Marathon Oil and Anadarko Petroleum saw solid y/y profit gains in their Q3 reports, with Anadarko's profit up 50% (less than expected) and Marathon's up 26% (more than expected). Both firms saw higher production levels in the quarter. Shares of APC are down 2% this morning, while MRO has given up gains and are up less than 1%.

- Fertilizer giant Mosaic gained a bit in the premarket but shares have plunged 2.7% into the red during cash trading. Mosaic's Q3 profits fell 70% y/y as farmers have held back on buying more fertilizer due to the Uralkali mess and the prospect of much lower costs. Moreover, the delayed US harvest has pushed back the schedule for applying winter fertilizer.

- DirecTV's Q3 earnings jumped 24% and subscribers in both the US and Latin America grew very well on a y/y basis. Both profits and revenue were up respectably and earnings widely topped expectations. Nevertheless, shares of DTV have spent most of the morning in the red and are only now just about back to the flatline.

- Among the big losers is General Cable, with shares of BGC down 19% after missing top- and bottom-line expectations in Q3 and offering terrible Q4 guidance. Orbitz is off 23% after net income slipped on a y/y basis and FY revenue guidance missed expectations. Meanwhile Pharmerica is up 26% after the firm beat expectations in Q3 and hiked its FY guidance.

***Looking Ahead***
- 11:30 (US) Treasury to sell $40B in 4-Week Bills
- 12:00 (EU) EU's Barroso in Frankfurt
- 13:00 (ES) Spain Dep PM Saenz speaks at Prize Ceremony in Madrid
- 13:15 (US) Fed's Lacker speaks on Labor Market in North Carolina
- 16:30 (US) Weekly API Crude Oil Inventories
- 17:00 (US) Fed's Williams to speak to Reporters in San Francisco
- 18:50 (JP) Bank of Japan October 3-4 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.

Register To Test Your Amazing Trader

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Tue 17 July 2018
AA 08:30 GB- Employment
A 13:15 US- Industrial Production
AA 14:00 US-Powell Testimony
Wed 18 July 2018
AA 08:30 GB- CPI
A 12:30 US- Housing Starts/Permits
AA 14:00 US-Powell Testimony
Thu 19 July 2018
AA 1:30 AU- Employment
AA 08:30 GB- Retail Sales
A 14:30 US- EIA Crude
A 12:30 US- Weekly Jobless
Fri 20 Jun 2018
A 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