User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday December 3, 2013 - 11:39:44 GMT
Trade the News Staff -

Share This Story:
| | Email EU Market Update: Spain Nov Unemployment show a surprise drop EU Market Update: Spain Nov Unemployment show a surprise drop
Tue, 03 Dec 2013 5:24 AM EST

- (CN) China Nov Non-manufacturing PMI: 56.0 v 56.3 prior (first MoM decline in 3 months)
- PBoC regular liquidity injection more modest than in recent sessions
- (AU) Australia Central Bank (RBA) leaves Cash Rate Target unchanged at 2.50% (as expected); statement nearly identical from last month and still concerned about AUD which it continued to view as "still uncomfortably high"
- Spain Nov Net Unemployment registers a surprise decline (-2.5K vs. +50-Ke)
- Norway Oct Retail Sales misses expectations (-1.0% vs. +0.2%e)
- UK Nov PMI Construction beats expectations for its highest reading since Aug 2007 (62.6 vs. 59.0e)

***Economic Data***
- (HU) Hungary Sept Final Trade Balance: 830.3M v 847.3M prelim
- (ES) Spain Nov Net Unemployment M/M: -2.5K v +50.0Ke; first decline in 3 months
- (TR) Turkey Nov CPI M/M: 0.0% v 0.5%e; Y/Y: 7.3% v 7.8%e; CPI Core Index Y/Y: 7.2% v 7.6%e
- (TR) Turkey Nov PPI M/M: 0.6% v 0.7% prior; Y/Y: 5.7% v 6.8% prior
- (ZA) South Africa Q3 Current Account (ZAR): -233.0B v -211.2Be; C/A to GDP: -6.8% v -6.0%e
- (EU) ECB 105M borrowed in overnight loan facility vs. 74M prior; 55.7B parked in deposit facility vs. 56.1B prior - Daily Eurosystem Liquidity Conditions
- (NO) Norway Oct Retail Sales W/Auto Fuel M/M: -1.0% v +0.2%e
- (UK) Nov PMI Construction: 62.6 v 59.0e; highest since Aug 2007
- (EU) Euro Zone Oct PPI M/M: -0.5% v -0.2%e; Y/Y: -1.4% v -1.0%e

Fixed Income:
- (ZA) South Africa sold total ZAR2.35B in 2030, 2041 and 2048 Bonds
- (CH) Switzerland sold CHF744.5M in 3-month Bills; Yield: -0.119% v -0.103% prior
- (EU) ECB allotted 94.6B in 7-day Main Refi Tender at fixed 0.25% vs. 95.0Be

Indices [Stoxx50 -1.0% at 3,046, FTSE 100 -0.5% at 6,561, DAX -0.8% at 9,321, CAC-40 -1.5% at 4,223, IBEX-35 -0.8% at 9,671, FTSE MIB -0.3% at 18,670, SMI -1.0% at 8,176, S&P 500 Futures -0.2% at 1,797

- Market Focal Points: European stocks open slight negative overall after losing sessions in the US and most of Asia. Stock continued their broad sell-off into the European morning on fears of a sooner-than-expected Fed taper coming on the heels of better than expected US macro data yesterday. Gold miners opened widely lower after spot Gold gave up about 2% yesterday. French telecom companies were lower on margin concerns after Iliad announced plans to offer fast 4G speeds on their cheapest monthly mobile plans. Better than expected UK Construction PMI failed to stop the slide in the FTSE.
By Sector
- Consumer Discretionary [William Hill WMH.UK 2.0% (upgrade), Betfair BET.UK +2.8% (earnings, hikes div 50%), Pearson PSON.UK +0.1% (to acquire English language training company)]
- Industrials [ThyssenKrupp TKA.DE -0.9% (equity raise)]
- Technology [Kontron KBC.DE -5.8% (CEO to resign)]
- Telecom [Iliad ILD.FR -0.5% (add 4G service to mobile plan)]
- Financials [Numis NUM.UK +7.2% (strong earnings)]
- Energy [British Petroleum BP.UK 0.0% (wins court review on oil spill)]
- Healthcare [Fresenius FME.DE +0.7% (upgrade), Novo Nordisk NOVOB.DK +0.6% (confirms long-term targets), Morphosys MOR.DE +1.2% (new patent on cancer compound)]

- EU's Rehn
stated that Italy had not respected debt-cut objectives. Country in line with targets on deficits needed to respect a certain rhythm of debt reduction. Skeptical on impact of Italy's privatization plan and added that spending review was important with cuts next year being important
- EU's Rehn: Spain may need more labor adjustments
- Sweden Central Bank (Riksbank) Dep Gov Skingsley stated that : Not considering changing its CPI target; cannot fully compensate for developments overseas. He did concede that Swedish CPI was too low and criticism of CPI target was partly justified. He also reiterated view that Riksbank has not target for SEK currency (krouna)
- Russia Econ Ministry cut its both 2013 and 2014 GDP growth forecasts. It cut 2013 GDP growth forecast to 1.4% from 1.8% prior and cut 2014 GDP growth forecast to 2.5% from 3.0% prior
- Finland PM Katainen: Govt likely to cut spending or raise taxes in 2014. He saw pension age likely rising from 63 from 2017 after labor market organizations decide the matter in H2 2014
- Spain Dep Min Social Security Burgos: Foreseeable to continue tapping pension reserve fund in 2014 as it enables the Govt to gain time while adopting necessary reforms
- Romania PM Ponta: IMF canceled review in Dec and the accord was suspended at this time after President Basescu refused to sign end mission memorandum. He noted that the govt was now watching effects on exchange rate and borrowing costs
- IMF stated that it was awaiting on Romania govt decision on fiscal policies and aware of differences and disagreement between President and govt on fiscal matters
- BOE publishes record of Financial Policy Committee (FPC): UK economic recovery had strengthened but risks to financial stability remained. FPC to monitor banks' affordability tests on borrowers and ask staff to assess impact of FPC power over LTV ratios
- Poland Dep Labor Min Mecina: Nov Unemployment Rate seen between 13.2-13.3% vs. 13.0% m/m. Labor market to gradually improve and likely below 13.8% by end 2013
- Israel Fin Min Lapid: Says the central bank and finance ministry did meet to discuss bitcoin
- Bank of Korea (BOK) Minutes: Voted unanimously (7-0) to hold rates steady in Nov. One BOK member stated that economic recovery momentum was being sustained
- China Defense Ministry stated that its Air Defense Zone would not threaten any country or region and was for cooperation and not confrontation. It warned that Japan's actions did jeopardize stability in East Asia and that it was irresponsible of certain countries to not report flight plans in the air zone
- Japan PM Abe: Cannot accept China's one sided establishment of air defense zone - comments from meeting with US VP Biden
- Iraq Oil Min Luaibi: Expects OPEC to maintain its production target at 30Mbpd at its meeting this week

Currencies/Fixed Income:
- The EUR/USD was slightly higher in the session aided by the surprise drop in Spain's Nov Net Unemployment
- USD/JPY tested above 103.30, highest level since May, amid further speculation over the need for more BOJ easing. The EUR/JPY cross hit a fresh 5-year high as it tested the psychological 140 level. The yen pared its losses ahead of NY NY morning
- The GBP/USD moved back above the 1.64 handle after UK PMI Construction beat expectations with its highest reading since Aug 2007

Political/In the Papers:
- (IT) Italy PM Letta: Discussed political situation with President Napolitano, to hold vote of confidence (**Note: Letta had to go to Parliament to mark 'political discontinuity' following the exit of Forza Italia Party from the coalition)
- (GR) Fitch affirms Greece sovereign rating at B-; outlook Stable
- (DE) Germany's SPD party reportedly agrees to drop demand for control of finance ministry as condition for participating in governing coalition
- (ES) Morgan Stanley is bullish on Spain debt; expects the country to fund at yields better than the US in 2014 - Expansion
- (LX) Luxembourg reaches coalition agreement with new govt - financial press
- (SA) Saudi Oil Min Naimi:: Inventories are in the right position, oil market is well balanced, not concerned about higher Iraq output (**Reminder: OPEC meets on Dec 4th)
- (CN) China may set 2014 GDP growth target at 7.0% v 7.5% in 2013; may target 2014 CPI growth at 3.5% - Chinese press citing think tank
- (CN) UK PM Cameron: Britain supports "very balanced" EU stance on China air defense identification zone
- (CN) China, UK agree to increase economic ties. UK PM Cameron, China Premier Keqiang agreed to increase cooperation economically, trade, finance, high-speed rail construction and civil nuclear power - Japanese press
- (JP) Japan Chief Cabinet Sec Suga: US, Japan on same footing about finding China's air defense identification zone being unacceptable
- (JP) Japan Fin Min Aso: Not yet at stage where we can determine size of economic package - financial press
- (JP) Japan stimulus package said to be 5.4-5.6T- financial press
- (SG) Singapore Central Bank (MAS) in annual Financial Stability Review: Risks for Asia's economic growth tilted to the downside; Sudden increase in interest rates could strain debt-service ability in Asia.
- Fitch affirmed Singapore sovereign rating at AAA; Outlook stable
- Thailand PM Yingluck: Protest situation within the country has eased

**Looking Ahead***
All times listed for economic events are denominated in Eastern Standard Time (Add 5 hours for GMT equivalent)
- (EU) NATO Foreign Ministers
- (PT) Portugal Debt Agency (IGCP) confirms to perform bond exchange
- 05:30 (HU) Hungary Debt Agency (AKK) to sell 3-Month Bills
- 05:30 (UK) DMO to sell 1.25B in 5% 2025 Gilts
- 05:30 (BE) Belgium Debt Agency to sell up to 1.0B in 3-Month and 6-Month Bills

- 06:00 (BR) Brazil Q3 GDP Q/Q: -0.3%e v +1.5% prior; Y/Y: 2.4%e v 3.3% prior
- 06:00 (EU) OECD Oct annual inflation: No est v 1.5% prior
- 06:00 (TR) Turkey to sell 2015 and 2023 bonds
- 06:30 (EU) ESM to sell 2.0B in 3-month Bills
- 06:45 (US) Daily Libor Fixing
- 07:00 (EU) ECB allotment in 7-day Term Deposit Tender to offset govt bond purchases under SMP
- 07:00 (ES) Spain Fin Min de Guindos in Madrid
- 07:45 (US) Weekly ICSC Chain Store Sales
- 08:25 (SE) Sweden FSA Director-General Andersson speech
- 08:30 (SG) Singapore Nov Purchasing Managers Index: 51.4e v 51.2 prior; Electronics Sector Index: No est v 51.0 prior
- 08:55 (US) Weekly Redbook Retail Sales
- 09:00 (EU) Weekly ECB Forex Reserves: No est v 206.8B prior
- 09:30 IEA Chief Economist Birol presents global energy outlook
- 09:45 (US) Nov ISM New York: No est v 59.3 prior
- 10:00 (US) Dec IBD/TIPP Economic Optimism: 43.0e v 41.4 prior
- 10:00 (DK) Denmark Nov Foreign Reserves (DKK): No est v 491B prior
- 10:00 (MX) Mexico Weekly International Reserves
- 10:20 (SE) Sweden Central Bank (Riksbank) Jansson participates in panel debate
- 11:00 (US) Fed to purchase $0.75-1.00B in Notes
- 11:30 (US) Treasury to sell $45B in 4-Week Bills
- 13:00 (US) Fed's Lacker testifies on bankruptcy to House subcommittee
- 13:00 (EU) ECB's Nowotny (Austria)in Brussels
- 13:00 (US) Fed to purchase $3.00-4.00B in Notes
- 13:00 (DE) German Bundesbank member Thiele in Berlin
- 14:15 (NZ) New Zealand Fin Min English in Parliament
- 16:30 (US) Weekly API Oil Inventories
- 17:00 (US) Nov Total Vehicle Sales: 15.75Me v 15.15M prior; Domestic Vehicle Sales: 12.10Me v 11.73M prior
- 19:30 (AU) Australia Q3 GDP Q/Q: 0.7%e v 0.6% prior; Y/Y: 2.5%e v 2.6% prior
- 20:30 (JP) BOJ Board Member Sato speech & Press Conference in Hokkaido
- 20:45 (CN) China Nov HSBC/Markit Services PMI: No est v 52.6 prior



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 15 Oct 2018
AA 12:30 US- Retail Sales
Tue 16 Oct 2018
AA 08:30 GB- Employment
A 09:00 DE- ZEW Survey
A 13:15 US- Industrial Production
Wed 17 Oct 2018
AA 08:30 GB- CPI
A 09:00 EZ- Final HICP
A 12:30 US- Housing Starts/Permits
A 14:00 US- Existing Homes Sales
A 14:30 US- EIA Crude
AA 18:00 US- Fed Policy Minutes
Thu 18 Oct 2018
A 1:30 AU- Employment
AA 08:30 GB- Retail Sales
A 12:30 US- Weekly Jobless
Fri 19 OCt 2018
AA 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