User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Monday November 25, 2013 - 11:01:49 GMT
Trade the News Staff -

Share This Story:
| | Email EU Market Update: Global power agreement with Iran eases geo-political tensions and aids risk appetite; oil, gold decline EU Market Update: Global power agreement with Iran eases geo-political tensions and aids risk appetite; oil, gold decline
Mon, 25 Nov 2013 5:15 AM EST

- (IR) Nuclear agreement reached between P5+1 and Iran; As part of agreement, Iran agreed to halt uranium enrichment above 5% and will not install any additional centrifuges for easing some sanctions; Israel is not happy but overall risk sentiment picks up in equities; gold, oil softer as geo-political risks ease in Mid-East
-(CN) Beijing announces China military is setting up an "air defense identification zone" over East China Sea area that includes the disputed Senkaku islands; Japan is not happy
- ECB members continue to reiterate forward guidance ahead of the Dec 5th policy meeting

***Economic Data***
- (FI) Finland Oct PPI M/M: -0.4% v -0.2% prior; Y/Y: -0.9% v -1.1% prior
- (DE) German Sept Construction Orders (unadj) y/y: +3.8%; Ytd: -2.0%
- (FR) France Nov Business Confidence: 98 v 97e; Production Outlook Indicator: -16 v -7e; Own-Company Production Outlook: 1 v 9 prior
- (CZ) Czech Nov Business Confidence: 7.9 v 7.0 prior; Consumer Confidence Index: -9.3 v -13.5 prior; Composite: 4.5 v 2.9 prior
- (ES) Spain Oct PPI M/ M: -0.6% v +0.2% prior; Y/Y: -0.2% v +0.1%e
- (TW) Taiwan Oct Industrial Production Y/Y: 0.8% v 1.0%e; Commercial Sales Y/Y: 1.8% v 0.7%e
- (EU) ECB 181M borrowed in overnight loan facility vs. 223M prior; 44.0B parked in deposit facility vs. 48.2B prior - Daily Eurosystem Liquidity Conditions
- (TW) Taiwan M2 Money Supply Y/Y: 6.0% v 5.5% prior; M1 Money Supply Y/Y: 8.6% v 8.1% prior
- (NL) Netherlands Nov Producer Confidence Index: -0.4 v v -0.2e
- (UK) Oct BBA Loans for House Purchase: 42.8K v 45.0Ke
- (BR) Brazil Nov FGV Consumer Confidence: 112.8 v v 111.7 prior

Fixed Income:
- None seen

Indices [Stoxx 50 +0.50%,
FTSE 100 +0.3% at 6,691, DAX +0.80% at 9,290, CAC-40 +0.4% at 4,296, IBEX-35 +0.2% at 9,698, FTSE MIB -0.2% at 18,780, SMI +0.5% at 8,293, S&P 500 Futures +0.30% at 1,806]

- Market Focal Points: European markets open higher following gains on the Nikkei, DAX hits fresh record high, Oil producers track declines in energy prices following Iran deal

By Sector
- Industrials
[Chemring CHG.UK +9% (reaffirmed outlook), SGL Carbon SGL.DE +2% (to be added to SDAX), Bauer B5A.DE +1.5% (cost cuts), Petrofac PFC.UK +1.5% (contract award)]
- Consumer Discretionary [UBC Media UBC.UK +6% (merger proposal)]
- Consumer Staples [Cranswick CWK.UK +2.5% (reaffirmed outlook)]
- Energy [Large oil producers have tracked the declines in oil prices (BP BP.UK -0.50%, Shell RDSA.UK -0.30%), Essar Energy ESSR.UK -6% (H1 loss widened)]
- Healthcare [Fresenius Medical Care FME.DE +9% (US 2014 dialysis rate cuts less than feared)]
- EuroStoxx50 sectors [Basic Materials +0.8%, Industrials +0.7%, Technology +0.7%, Consumer Cyclical +0.6%, Financials +0.6%, Utilities +0.5%, Telecom +0.3%, Consumer Non-Cyclical +0.3%; Energy -0.3%]

- ECB's Hansson (Estonia): Reiterates ECB forward guidance that is prepared to cut interest rates further and technically ready for negative deposit rates

- Bank of Spain (BOS) Gov Linde stressed that the country should avoid complacency as risks to the economy remain. He reiterated that country was on track to meet 2013 targets but overshooting risks remain. Spain to meet govt forecast 0.7% growth in 2014 but growth was too weak to lower unemployment levels. He could not rule out more Euro area instability; Spain Public debt to exceed 100% in 2015
- Spain Budget Min Montoro commented that Spanish inflation to end year below 0.5%. The country cut spending by 30B last year, only raised taxes by 3B. Had pledged 102B into autonomous regions' rescue in 2012-13 period and this has saved 400K jobs
- German Chancellor Merkel reiterated stance that there would be a minimum wage in coalition accord and hped to avoid job losses due to national wage agreement
- Southern Europe said to be seeking looser rules for ECB bond purchases to help increase economic growth and aid the banking sector. Some members of the ECB's Governing Council were said to be sympathetic to demands for QE
- Moody's revised Belgium banking sector outlook to stable from negative
- Philippines Budget Sec Abad commented that Philippines Q3 GDP growth might be within 6.5-7% boosted by remittances, manufacturing.
- China Foreign Ministry spokesman Qi Gang: US should stop making irresponsible comments on air zone; China air zone is to define territorial sovereignty
- Japan Vice Foreign Min Saiki summoned China envoy Cheng Yonghua to protest establishment of Chinese air defense zone
- IEA Chief Economist Birol stated that he did not see significant fall in oil prices following agreement between Iran and global powers and few reasons for oil to decline to $50-60/bbl for any sustained period of time.
- Iraq Dep PM Shahristani: To increase crude exports to 7.5M bpd by 2020

Currencies/Fixed Income:
- Risk appetite was higher during the session aided by the weekend agreement that the P5+1 global powers reached a deal with Iran. Oil prices were under pressure amid expectations that Iranian oil would hit the market in the coming months.
- The JPY currency (yen) was broadly weaker with USD/JPY at 6-month highs just under the 102 handle and GBP/JPY and EUR/JPY crosses at 4-year highs.
- The EUR/USD was softer but holding above the 1.35 handle. Dealers noted that 1.3570 should cap the recent upside. Weekend press reports that Southern Europe said to be seeking looser rules for ECB bond purchases to help increase economic growth and aid the banking sector coupled with ECB members reiterating forward guidance was a headwind for the Euro.
- Commodity bloc currencies (AUD and CAD) remained under pressure on negative dynamics for oil and gold following the Iranian agreement

Political/In the Papers:
- (EU) ECB's Coeure (France): Recent ECB rate cut not due to any indications of deflation developing in the euro zone - financial press; Will act again if there is further decline in consumer price buffer above zero.
- (EU) ECB's Asmussen (Germany): ECB prepared to take further action if conditions demand it - German press
- (EU) ECB Pres Draghi has returned a proposal to alter sovereign debt risk-weighting to advisers for more work - German press
-(EU) ECB's Noyer (France): Wants inflation towards 2% before weighing policy changes; If inflation moves into negative territory in a sustained fashion it would be an "extraordinarily difficult situation"
- (EU) Euro zone is mulling plan to offer inexpensive loans as an incentive for governments to enact more reforms - financial press
-(GR) IMF's Greece envoy Thomsen: Greece needs to find further savings for 2014-16 but may avoid across-the-board cuts
-(CH) Switzerland votes against the proposal limiting executive compensation to 12x that of ordinary workers - financial press
- (JP) Japan BOJ gov Kuroda reiterated that he saw positive developments spreading in Japan economy
- (JP) S&P: Japan long-term credit quality continues to weaken; Tax hike and stimulus are near-term positive

**Looking Ahead***
All times listed for economic events are denominated in Eastern Standard Time (Add 5 hours for GMT equivalent)
- (CH) Swiss Parliament Holds Winter Session
- (IT) Italy PM Letta to meet with Russia President Putin in Trieste(Nov 25-26th)
- (BR) Brazil Treasury Oct Federal Debt Data
- 05:30 (BR) Brazil Central Bank Weekly Economists Survey
- 05:30 (DE) Germany to sell 3.0B in 12-month BuBills
- 06:00 (EU) EU to propose tightening of Corp Tax legislation
- 06:00 (IL) Israel to sell 2016, 2023, 2042 bonds
- 06:45 (US) Daily Libor Fixing
- 07:00 (RO) Romania to sell RON600M in Bonds
- 07:00 (ES) Bank of Spain chief economist Molina in Madrid
- 07:30 (TR) Turkey Nov Industrial Confidence Index: No est v 107.5 prior; Capacity Utilization: No est v 76.4% prior
- 07:45 (ES) Bank of Spain Gov Linde speaks in Madrid
- 08:00 (ES) Spain Debt Agency (Tesoro) announces sizes in upcoming Bill auction on Tuesday
- 08:50 (FR) France Debt Agency to sell combined 6.5B in 3-month, 6-month and 12-month Bills
- 09:00 (MX) Mexico Oct Unemployment Rate: 5.2%e v 5.3% prior
- 09:30 (EU) ECB calls for bids in 7-Day Main Refinancing Tender at fixed 0.25%
- 09:30 (EU) ECB announces prior settlements in SMP program to offset bond purchases
- 10:00 (US) Oct Pending Home Sales M/M: +2.0%e v -5.6% prior; Y/Y: -1.0%e v 1.1% prior
- 10:00 (MX) Mexico Q3 Current Account Balance: -$4.5Be v -$6.0B prior
- 10:30 (IL) Israel Central Bank Interest Rate Decision: Expected to leave Base Rate unchanged at 1.00%
- 10:30 (US) Nov Dallas Fed Manufacturing Activity: 5.0e v 3.6 prior
- 11:00 (US) Fed to purchase $2.75-3.50B in Notes
- 11:30 (US) Treasury to sell combined $60B in 3-Month and 6-Month Bills
- 12:30 (MX) Mexico to sell MXN 9.5B in 1-month Bills
- 13:00 (US) Treasury to sell $32B in 2-Year Notes
- 13:30 (EU) EU President Van Rompuy meets Startup Europe Leaders Club in Brussels
- 17:15 (AU) RBA DepGov gives speech in Sydney
- 18:50 (JP) Bank of Japan (BOJ) October 31 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.

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