User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday November 20, 2013 - 06:18:59 GMT
Trade the News Staff -

Share This Story:
| | Email Asian Market Update: Japan posts its 3rd largest trade deficit as energy import costs mount; Bernanke maintaining dovish stance - Source

Japan trade deficit spikes to its highest level on record for October and also the 3rd highest monthly deficit overall; Exports are up 18.6%, but imports outpaced outbound shipments with a 26% increase - 12th consecutive rise and the highest rate since June 2010. Exports to US, China, and Europe are up over 20%, however Japan remains hamstrung by high energy costs. Crude oil imports were up 68%, with weak JPY and continued reliance on foreign oil exacerbated by continued shutdown of its nuclear industry. - China conference board leading index at a 3-month low; Resident economist noted growth slowed due to weak real estate activity, only partly offset by an improved outlook for manufacturing production and exports. Recall overnight, PBoC announced it would end FX interventions, establishing a managed float rate and expanding a daily trading band. - Out of Australia, Westpac leading index improved slightly; Bank economist said the recent above-trend growth in the Index is pointing to a much better outcome over the next few quarters, with forecasts accounting for an unusually significant drag from the downturn in mining investment. Notably, BHP CEO expressed confidence that the early indications from the Chinese government's recent economic policy summit were positive for Australia and its mining industry, suggesting demand for natural resources may prove to be stronger than currently believed. - Outgoing Fed chief Bernanke struck a familiar dovish tone, reiterating that interest rates may remain near zero for considerable time after bond buys end, and possibly well after unemployment declines to less than 6.5%. Bernanke also continued to imply that the Fed remains extremely data-dependent without a clear outlook for the start of the taper, noting the FOMC would only start to slow bond buys if labor market and inflation align with its projections. ***Economic Data*** - (CN) CHINA OCT CONFERENCE BOARD LEADING ECONOMIC INDEX M/M: 0.6% V 1.1% PRIOR (3-month low) >- (JP) JAPAN OCT MERCHANDISE TRADE BALANCE: -1.09T V -854BE (record 16th consecutive deficit); ADJUSTED MERCHANDISE TRADE BALANCE: -1.07T V -875BE - (JP) JAPAN SEPT ALL INDUSTRY ACTIVITY INDEX M/M: 0.4% V 0.4%E - (AU) AUSTRALIA SEPT WESTPAC LEADING INDEX M/M: +0.1% V -0.1% PRIOR - (AU) AUSTRALIA OCT DEWR SKILLED VACANCIES M/M: -0.1% V -0.3% PRIOR - (NZ) NEW ZEALAND Q3 PPI INPUT: 2.2% V 0.6% PRIOR (2 1/2 year high); PPI OUTPUT: 2.4% V 1.0% PRIOR (5-year high) - (KR) SOUTH KOREA Q3 SHORT-TERM EXTERNAL DEBT: $111.5B V $119.6B PRIOR - (US) NORTH AMERICA OCT SEMI BOOK/BILL RATIO: 1.05 V 0.97 PRIOR (above parity for the first time in 3 months; first sequential increase in 4 months) - (CL) CHILE CENTRAL BANK CUTS OVERNIGHT RATE TARGET BY 25BPS TO 4.50%, AS EXPECTED ***Fixed Income/Commodities/Currencies*** - (CN) China MoF auctions 10-yr bonds, Avg yield 4.7121% (highest yield in 9 years) - (JP) BOJ offers to buy 250B in 1-3 yr JGBs, 350B in 3-5yr JGBs, and 200B JGB with maturity over 10-yr - GLD: SPDR Gold Trust ETF daily holdings fall 1.5 tonnes to 863.0 tonnes (lowest since Feb 2009) - (US) API PETROLEUM INVENTORIES: CRUDE: +510K v +1Me (lowest build in 8 weeks) - USD/CNY: (CN) PBoC sets yuan mid point at 6.1305 v 6.1317 prior setting (record high setting for Yuan) - USD saw some brief weakness against its major counterparts following a fairly dovish set of comments from Bernanke but has since reversed course in the afternoon session. USD/JPY fell 30pips below 100 and EUR/USD spiked up 40pips toward $1.3580 before retreating to $1.3550. AUD/USD and NZD/USD are being sold more heavily in the afternoon, with the former down 50pips from the highs below $0.94 and the latter off by 60pips from the highs around $0.8330. ***Speakers/Political/In the Papers*** - (CN) China National Development and Reform Commission (NDRC): China H1 industrial capacity utilization rate 78% (lowest since late 2009) - (CN) PBoC deputy gov Hu: To increase 2-way floating flexibility of yuan rate and also phase out investment caps on foreign/domestic investors; China should provide appropriate liquidity into economy - financial press - (CN) Fitch: China new reform could have positive impact on local govt credit ratings - (JP) Japan Reform Panel to recommend GPIF should invest in inflation-linked JGBs - financial press - (JP) Japan Finance Ministry panel (FSC) to recommend end to farm protection at Nov end; vt panel will propose an end to protection measures for farmers as part of plans to increase competitiveness of Japan's agriculture and entry into the Trans-Pacific Partnership (TPP) free trade agreement - Kyodo News - (AU) RBA Dep Gov Debelle: Regulation aims to ensure risk remains priced into market- CIFR Forum speech - (AU) Australia Treasury official Gruen: mining investment is slowed by high AUD - (KR) Bank of Korea Gov Kim: Inflation lower than expected - (US) Fed Chairman Bernanke: Rates may remain near zero for considerable time after bond buys end, and possibly well after unemployment declines to less than 6.5% - National Economists Club speech - (CA) BoC Dep Gov Murray: Market forces pushing prices and exchange rates in right direction - (EU) Moody's: Sees 2014 Euro Area GDP at 0.5-1.5%; 2013 GDP at -1% to flat ***Equities*** Market Snapshot (as of 03:30 GMT): - Nikkei225 -0.1%, S&P/ASX -0.8%, Kospi -0.5%, Shanghai Composite -0.1%, Hang Seng +0.3%, Dec S&P500 -0.2% at 1,788, Dec gold +0.1% at $1,274, Dec crude oil +0.3% at $93.62/brl US markets: - LZB: Reports Q2 $0.32 v $0.26e, R$366.4M v $350Me; Raises quarterly dividend by 50% to $0.06/shr from $0.04/shr; +8.4% afterhours - YHOO: Announces share repurchase authorisation by $5B (14% of market cap); proposes to offer $1.0B (2.7% of market cap) aggregate principal amount of its convertible senior notes due 2018; +2.8% afterhours - NHI: To acquire 25 Independent Living Facilities from Affiliate of Holiday Retirement for $491M; -1.7% afterhours Notable movers by sector: - Consumer discretionary: Oriental Press Group 18.HK -7.0% (issues profit warning); Kathmandu Holdings Ltd KMD.AU -2.9% (Q1 outlook in AGM) - Consumer staples: Wanjia Group Holdings Ltd 401.HK +4.2% (signs MOU on marketing channels) - Industrials: Suzuki Motor Corp 7269.JP +0.7% (new vehicles plans); Virgin Australia VAH.AU -2.6% (comments on capital raising) - Materials: Anhui Jingcheng Copper Share Co Ltd 002171.CN +1.3%, Xinyi Glass Holding Co Ltd 868.HK +1.6% (plans for private banking); Drillsearch Energy Ltd DLS.AU +4.0% (operations update); - Financials: Shenyin Wanguo 218.HK +4.4% (confirms plan for merger); Tibet Urban Development and Investment Co Ltd 600773.CN +7.3% (investment plans) - Technology: Digital China 861.HK -8.0% (Q2 results); AU Optronics Corp 2409.TW +1.8% (secures loan); Sony Corp 6758.JP -0.9% (comments on PS4); Sharp Corp 6753.JP +6.8% (partners with Hewlett-Packard) - Telecom: China Mobile 941.HK -0.9% (Oct metrics) - Source


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 3 Dec 2018
A All Day Final Mfg PMIs
Tue 4 Dec 2018
A 04:30 AU- Reserve Bank Decision
Wed 5 Dec 2018
A All Day Final SVC PMIs
A 04:30 AU- CPI
A 13:15 US- ADP Jobs
A 13:30 US- Productivity
A 15:00 CA- Bank Of Canada Decision
A 15:30 US- EIA Crude
B 19:00 US- Beige Book
Thu 6 Dec 2018
AA 12:45 EZ- ECB Decision
AA 13:30 US/CA- Trade
A 13:30 US- Weekly Jobless
Fri 7 Dec 2018
A 10:00 EZ- GDP
AA 13:30 US/CA- Employment
A 15:00 US- Final Univ of Michigan

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