User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday November 13, 2013 - 06:18:19 GMT
Trade the News Staff - www.tradethenews.com/freetrial.asp?gv

Share This Story:
| | Email

TradeTheNews.com Asian Market Update: China equities disappointed by little detail from Party plenum; Australia wage growth slows further - Source TradeTheNews.com

China equity markets are leading regional indices lower as investors react to a rather vague communique from the third plenary session of the 18th Central Committee released overnight. In essence, Party leadership painted in broad strokes, with the most notable update being the transition toward a more "decisive" market role in allocating resources from a "basic" role and also giving little hint on what it would do to deepen fiscal/tax reform and improve macroeconomic control. Separately, China securities regulator announced a slight increase in NPL in the banking sector during Q3. - Australia quarterly Wage growth figures were the most notable economic datapoint in the session, falling to a multi-year pace of growth on sequential basis. Analysts noted the slow growth allows RBA a bit more room to cut interest rates again if it wanted to, but any easing would likely not take place before 2014. - RBNZ financial stability report reiterated the kiwi dollar is elevated but affirmed its commitment to start raising rates in early 2014. RBNZ also noted it was still to early to determine the impact of LVR caps on the housing industry, with recent reports suggesting the measure may not be very effective in dealing with housing inflation as a factor of tight supply. - Yum was up slightly in extended session after Oct same store sales in China fell by a lower than expected margin. Shares are up over 10% in just over 3 weeks. ***Economic Data*** - (JP) JAPAN OCT DOMESTIC CGPI: M/M: -0.1% V -0.2%E; Y/Y: 2.5% V 2.5%E (2-year high) - (JP) JAPAN SEPT MACHINE ORDERS: M/M: -2.1% V -1.8%E (first decline in 3 months); Y/Y: 11.4% V 12.5%E - (JP) JAPAN SEPT LOANS & DISCOUNTS CORP 2.0% V 2.4% PRIOR - (AU) AUSTRALIA Q3 WAGE COST INDEX Q/Q: 0.5% V 0.7%E (multi-year low); Y/Y: 2.7% V 2.9%E >- (AU) AUSTRALIA NOV WESTPAC CONSUMER CONFIDENCE INDEX: 110.3 V 108.3 PRIOR; M/M: +1.9% V -2.1% - (NZ) NEW ZEALAND OCT FOOD PRICES M/M: -1.0% V 0.0% PRIOR (7-month low) - (KR) SOUTH KOREA OCT BANK LENDING TO HOUSEHOLD (KRW): 474.4T V 472T PRIOR - (KR) SOUTH KOREA SEPT MONEY SUPPLY L M/M: 0.4% V 0.8% PRIOR; M2 M/M: 0.8% V -0.1% PRIOR - (KR) SOUTH KOREA OCT UNEMPLOYMENT RATE: 3.0% V 3.0%E ***Fixed Income/Commodities/Currencies*** - (CN) China MOF auctions 7-yr bonds, Avg yield 4.4515% v 4.1219% in early Sept - USD/CNY: (CN) PBoC sets yuan mid point at 6.1342 v 6.1360 prior setting (highest Yuan setting since Oct 27th) - (JP) BOJ offers to buy 400B in 5-10yr JGB and 200B in JGB with maturity over 10-yr - (AU) Australia MoF (AOFM) sells A$800M in 2023 Notes; avg yield: 4.1965%; bid-to-cover: 4.73x - (NZ) RBNZ gov Wheeler: China slowdown poses one of biggest risks for New Zealand - addressing parliament - GLD: SPDR Gold Trust ETF daily value at $35.7B, lowest level since Oct 2009 - US dollar trading slightly softer in the major pairs following a set of dovish comments from Fed's Lockhart and Kocherlakota late in teh US session, paring some of the recent gains in the wake of the strong employment report. USD/JPY fell about 30pips from late US session highs below 99.50, EUR/USD rose back to the technically-pivotal former support turned resistance 1.3450 level, while cable remains capped below 1.59 handle ahead of the UK employment and BOE inflation report. AUD/USD bounce back above 0.93 after initial decline following tepid Q3 wage growth data, and NZD/USD fell to near 2-month lows below 0.8170 after the RBNZ semiannual financial stability report early in the day. ***Speakers/Political/In the Papers*** - (CN) China Banking Regulatory Commission (CBRC): China banks end of Q3 loan-to-deposit ratio 65.63% v 65.17% q/q, Non-performing loan (NPL) ratio 0.97% v 0.96% q/q - Chinese press >- (CN) China International Capital Corp (CICC) economist Peng: reiterates improvement of land transfer and tax systems could drive housing prices to reasonable levels - Comment on Plenum Communique - (CN) Former World Bank economist Lin: China 2014 GDP can probably grow by 7.5-8.0% - financial press - (CN) Goldman Sachs: China plenum is insufficient to drive domestic stocks higher - financial press - (CN) China fuel price change window may start on Nov 14th; Analysts estimate gasoline and diesel may be cut by approx CNY100/ton (3rd consecutive cut) - financial press - (CN) China Coal Transportation and Sale Society (CCTS): China Oct coal imports 24.37Mt, -5.3% m/m, +14.2% y/y - Chinese press - (KR) South Korea Fin Min Hyun: South Korea to closely monitor financial markets - Yonhap - (KR) According to Korea's Financial Supervisory Service (FSS), capital adequacy ratio of South Korean banks in Q3 rose 0.38pts to 14.25% - Korean press - (KR) Korea Chamber of Commerce and Industry (KCCI): South Korea's retail market expected to grow 3% in 2014, reaching KRW276T - Korean press - (KR) South Korea state-run think tank Korea Development Institute (KDI): FX intervention is not necessary to keep current account surplus - Korean press - (JP) BOJ's Miyao: Japan economy is recovering moderately; Somewhat cautious of downside risk to overall economy. - (AU) Barclays economist: Slower wage growth in Australia should reassure RBA that inflation outlook is mild - SMH ***Equities*** Market Snapshot (as of 04:30 GMT): - Nikkei225 -0.4%, S&P/ASX -1.3%, Kospi -1.4%, Shanghai Composite -0.8%, Hang Seng -1.3%, Dec S&P500 -0.4% at 1,758, Dec gold -0.1% at $1,270, Dec crude oil +0.1% at $93.14/brl US markets: - SBUX: Concludes packaged coffee dispute with Kraft; Kraft is entitled to $2.23B in damages plus $527M in interest and attorneys fees [*Note: KRFT has agreement to direct the funds to its parent MDLZ]; -1.4% afterhours >- YUM: Reports Oct China SSS -5% v -5.2%e; +0.7% afterhours - TSLA: CEO: I think TSLA stock looks like a pretty good deal now, may have been a bit too high before it came down - CNBC interview; +2.3% afterhours - MDLZ: Comments on $2.7B arbitration award to Kraft in SBUX dispute; MDLZ to use proceeds to add to share buyback program; +3.0% afterhours - SINA: Reports Q3 $0.42 v $0.33e, R$184.6M v $181Me; +4.1% afterhours - PBPB: Reports Q3 $0.15 v $0.09e, R$78M v $77.8Me; +14.0% afterhours - RLD: Reports Q2 -$0.09 v -$0.18e, R$43.9M v $42.6Me; +19.9% afterhours Notable movers by sector: - Consumer discretionary: Uni-President China Holdings Ltd 220.HK +1.4% (9M results); Wynn Macau Ltd 1128.HK -1.6% (Q3 results) - Consumer staples: Warrnambool Cheese & Butter WCB.AU +5.4% (receives revised offer) - Industrials: Fuji Heavy Industries 7270.JP +0.9% (raises FY13/14 profit guidance); Kawasaki Heavy Industrials 7012.JP -1.2% (expansion plans); CSR Ltd CSR.AU +9.1% (H1 results); Leighton Holdings LEI.AU -3.0% (Q3 results); Jiangsu WELLE Environmental Co Ltd 300190.CN +1.4% (awarded contract); Shenzhen Inovance Technology Co Ltd 300124.CN -5.2% (controlling shareholders to sell stake) - Technology: Sony 6758.JP +3.2% (TV-tablet offer); Kingsoft Corp Ltd 3888.HK +1.1% (Q3 results); Tencent Holdings Ltd 700.HK -2.5% (Chairman comments on Company's valuation ahead of earnings) - Energy: Linc Energy LNC.AU -5.7% (values unit for de-merge) - 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 21 November 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:


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