User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday November 21, 2013 - 06:35:54 GMT
Trade the News Staff -

Share This Story:
| | Email Asian Market Update: China flash PMI slows to 3-month low; BOJ keeps policy and economic assessment unchanged - Source

- USD bid higher while US treasuries sold off after Fed meeting minutes revealed the start of QE taper may still begin in anticipation of the improved outlook; Markets reprice possibility of a December move despite the dovish sentiment from Yellen and Bernanke in recent days. - PBoC conducted open market operations on 2 separate occasions this week - marks first weekly net liquidity injection in 5 weeks. - China Nov HSBC flash manufacturing PMI falls to 3-month low as New Orders component fall into contraction territory; Chief HSBC economist noting growth momentum has softened in November, while muted inflation allows Beijing to keep policy accommodative. - BOJ on hold with policy and also keeping economic assessment unchanged for the 3rd month as widely expected; Statement mentions "lackluster performance" in overseas economies but still sees exports as "picking up", disappointing some expectations of a more direct acknowledgement of risks to overseas shipments. ***Economic Data*** - (CN) CHINA NOV HSBC/MARKIT FLASH MANUFACTURING PMI: 50.4 V 50.8E (3-month low) >- (JP) BANK OF JAPAN (BOJ) POLICY STATEMENT: REITERATES TO INCREASE MONETARY BASE AT ANNUAL PACE OF 60-70T (AS EXPECTED) - (JP) JAPAN OCT SUPERMARKET SALES Y/Y: 0.5% V 0.4% PRIOR - (JP) Japan investors bought net 349.9B in foreign bonds last week vs bought net 357.1B in prior week (6th straight week of net purchases); Foreign Investors bought net 1.29T in Japan stocks v bought net 273.1B in prior week - (KR) SOUTH KOREA OCT DISCOUNT STORE SALES Y/Y: -6.4% V -5.3% PRIOR; DEPARTMENT STORE SALES Y/Y: -2.2% V +2.8% PRIOR - (AU) AUSTRALIA OCT RBA FX TRANSACTIONS (A$): 648M V 663M PRIOR - (NZ) NEW ZEALAND OCT CREDIT CARD SPENDING M/M: -0.8% v -0.1% PRIOR; y/y: 3.2% v 5.1% PRIOR (5-month low) - (NZ) NEW ZEALAND OCT ANZ JOB ADVERTISEMENTS: 4.5% V 1.3% PRIOR - (SG) SINGAPORE Q3 FINAL GDP Q/Q: +1.3% V -0.3%E; Y/Y: 5.8% V 5.3%E; Raises 2013 GDP forecast to 3.5-4.0% from 2.5-3.5% prior ***Fixed Income/Commodities/Currencies*** - (CN) PBoC to inject CNY33B in 14-day reverse repors; Injects net CNY59B this week (first injection in 5 weeks) v drained CNY15B prior - (CN) China MOF sells CNY2B in 5-yr RMB bonds at Hong Kong, avg yield 3.09%; CNY5B in 3-yr RMB bonds, avg yield 2.60% - USD/CNY: (CN) PBoC sets yuan mid point at 6.1366 v 6.1305 prior setting (weakest Yuan setting since Nov 10th) - GLD: SPDR Gold Trust ETF daily holdings fall 2.7 tonnes to 860.3 tonnes (lowest since Feb 2009) - USD/JPY hit 2 1/2 month highs at 100.50 as less dovish than expected Fed meeting minutes lifted the greenback across the board. AUD/USD was down about 40pips at session lows below $0.93 handle, with added AUD headwinds coming from disappointing China PMI. NZD/USD also saw its lows after the China data, falling over 30pips below $0.8240. EUR/USD largely consolidating the sharp decline in US session within a 25pip range, supported by 100day EMA around $1.3420. ***Speakers/Political/In the Papers*** - (CN) China Qinhuangdao coal price in China rises to CNY560-570/t, highest level since early Aug - Chinese press - (CN) China Fin Min Lou Jiwei: China to cut tax for property transactions while raise for possessing properties - People's Daily >- (CN) China Ministry of Housing and Urban Rural Development: China won't significantly change property curbs in short term - Chinese press - (CN) Former PBoC adviser Li Daokui: Chinese economy must experience "temporary pains"; China economic growth may slow down to 7% in the next 2-3 years - Chinese press - (JP) Japan Cabinet Office to keep its economic assessment unchanged for the 2nd consecutive month in its monthly November report - Nikkei News - (JP) Japan, China agree to increase economic cooperation - Japanese press - (KR) Bank of Korea (BOK) policy board member: Economic transition in China poses risks to South Korea's export growth - Korean press - (KR) Korea Center for International Finance (KCIF): South Korea CPI will likely accelerate in 2014 - Korean press - (KR) South Korea Fin Min Hyun: State-run companies' debt is a big concern to govt - (DE) German Finance Ministry releases monthly report: Supports govt 2013 GDP forecast of 0.5% - financial press - (EU) ECB's Noyer: Sees no signs of deflation in the euro zone - financial press - (CA) BOC Gov Poloz: Substantial stimulus in Canada still appropriate; Economic outlook roughly unchanged since Oct monetary policy report; BOC maintaining a neutral policy stance >- (US) Goldman Sachs Chief Economist: Fed minutes were for the most part neutral; reiterates March is the most likely start for tapering QE, but December is still an option ***Equities*** Market Snapshot (as of 04:30 GMT): - Nikkei225 +1.5%, S&P/ASX -0.2%, Kospi -1.3%, Shanghai Composite -1.0%, Hang Seng -0.7%, Dec S&P500 -0.1% at 1,777, Dec gold -0.9% at $1,247, Dec crude oil flat at $93.35/brl US markets: - WSM: Reports Q3 $0.58 v $0.54e, R$1.05B v $1.03Be; +6.2% afterhours - GMCR: Reports Q4 $0.89 v $0.74e, R$1.05B v $964Me; GMCR: Board approves $1B buyback program (10% of market cap); initiates quarterly dividend of $0.25/shr; +4.6% afterhours - JCI: Announces 3-yr $3.65B (11% of market cap) share repurchase program; raises quarterly dividend by 16% to $0.22/shr from $0.19/shr; +4.2% afterhours - JACK: Reports Q4 $0.45 (adj) v $0.39e, R$338M v $336Me; +4.0% afterhours - RTN: Increases share repurchase authorization by $2.0B (7.3% of market cap); +0.8% afterhours - LTD: Reports Q3 $0.31 v $0.28e, R$2.17B v $2.17Be; -3.3% afterhours Notable movers by sector: - Consumer discretionary: Peak Sports Products Co Ltd 1968.HK -2.7% (Q2, Q3 guidance) - Industrials: Jiangsu WELLE Environmental Co Ltd 300190.CN -3.7% (FY13 guidance); Downer EDI DOW.AU -3.5% (analyst action); Honda Motor Co Ltd 7267.JP +3.2% (production plans); Daewoo Shipbuilding & Marine 042660.KR +0.4% (awarded order); Komatsu Ltd 6301.JP +1.6% (to begin rental business in North America; analyst action) - Materials: Paladin Energy Limited PDN.AU +0.5% (trading update); BHP Billiton Ltd BHP.AU -0.1% (AGM comments) - Financials: New China Life 601336.CN -3.6% (investment plans); Dexus Property Group DXS.AU -1.0% (provides update on acquisition); Ping An Insurance 601318.CN -2.9% (to issue convertible bonds) - Utilities: TEPCO 9501.JP -2.0% (closes two reactors); Taiyo Nippon Sanso Corp 4091.JP +1.8% (announces acquisition) - 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.

Register To Test Your Amazing Trader

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

Mon 10 Sep 2018
AA 08:30 GB- GDP, Trade, Output
Tue 11 Sep 2018
AA 08:30 GB- Employment Decision
A 09:00 DE- ZEW Survey
Wed 12 Sep 2018
A 12:30 US- PPI
A 14:30 US- EIA Crude
A 18:00 US- Beige Book
Thu 13 Sep 2018
A 1:30 AU- Employment
AA 11:00 GB- Bank of England Decision
AA 11:45 EZ- European Central Bank Decision
A 12:30 US- Weekly Jobless
AA 12:30 US- CPI
Fri 14 Sep 2018
A 08:30 GB- GDP
AA 12:30 US- Retail Sales
A 13:15 US- Industrial Production
AA 14:00 US- prelim University of Michigan

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