User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday December 4, 2013 - 05:59:36 GMT
Trade the News Staff - www.tradethenews.com/freetrial.asp?gv

Share This Story:
| | Email

TradeTheNews.com Asian Market Update: AUD hits 3-month lows following soft Q3 GDP; Shanghai rallies on reports of more FTZ/FTAs***Observations/Insights*** - Source TradeTheNews.com

- Shanghai Composite the lone index to trade higher, with other markets tracking softer US sentiment. MOFCOM spokesperson said to have announced plans for as many as 18 new free-trade zones, while finalizing 12 free-trade agreements with ASEAN, Singapore, Pakistan, New Zealand, Chile, Peru, Costa Rica, Iceland and Switzerland, Hong Kong, Macau and Taiwan. Commerce Min still in negotiations on 6 agreements: South Korea, Gulf Cooperation Council, Australia and Norway FTA. - BOJ board member Sato noting that while further policy easing cannot be ruled out, the magnitude of April 2013 launch of QE would be hard to replicate; Does not see need for a preemptive easing if the impact of sales tax hike is temporary. Nikkei225 is the laggard, having fallen by over 2% in the morning session on sudden reversal in recent yen weakness. - Australia Q3 GDP misses estimates on q/q and y/y; 2.3% annual print marks lowest level since Q4 of 2011; Terms of trade component particularly weak at -3.3% vs +0.1% prior as China demand for raw materials slow. Despite the selloff in AUD, some of the analysts were quick to dismiss the data, pointing to more recent evidence of improvement in Q4. ***Economic Data*** - (AU) AUSTRALIA Q3 GDP Q/Q: 0.6% V 0.7%E; Y/Y: 2.3% V 2.6%E (lowest reading since Q4 2011) - (AU) AUSTRALIA NOV AIG PERFORMANCE OF SERVICES INDEX: 48.9 V 47.9 PRIOR (8-month high) - (CN) CHINA NOV HSBC/MARKIT SERVICES PMI: 52.5 V 52.6 PRIOR (22nd month of expansions) - (HK) HONG KONG NOV HSBC/MARKIT PMI: 52.1 V 50.1 PRIOR (highest since Jan) - (IN) INDIA NOV HSBC/MARKIT SERVICES PMI: 47.2 V 47.1 PRIOR (5th consecutive contraction) - (NZ) NEW ZEALAND Q3 VALUE OF ALL BUILDINGS Q/Q: 1.4% V 4.8%E - (KR) SOUTH KOREA NOV FOREIGN RESERVES: $345B V $343B PRIOR - (UK) UK NOV BRC SHOP PRICES INDEX Y/Y: -0.3% V -0.5% PRIOR (7th month of decline) ***Fixed Income/Commodities/Currencies*** - (JP) BOJ offers to buy 200B in 1-3yr JGBs, 300B in 3-5yr JGBs, and 200B in JGBs with maturity over 10-yr - (AU) Australia MoF (AOFM) sells A$800M in 2.75% 2022 Bonds; avg yield: 4.1615%; bid-to-cover: 2.25x - (US) API PETROLEUM INVENTORIES: CRUDE: -12.4M (first draw in 10 weeks) - GLD: SPDR Gold Trust ETF daily holdings fall 1.8 tonnes to 841.4 tonnes (lowest since Jan 2009) - SLV: iShares Silver Trust ETF daily holdings fall to 10,304 tonnes (lowest level since 10,284 on Jul 23rd) from 10,309 tonnes - (CN) China Statistics Bureau: China pork price +0.7% in late Nov - USD/CNY: (CN) PBoC sets yuan mid point at 6.1300 v 6.1352 prior setting (record high setting for Yuan - AUD is down sharply across the board following weaker than expected Australia Q3 GDP, which is also weighing on NZD against USD and other currencies. AUD/USD fell over 1% below $0.9050 at its worst level - a 3-month low - while AUD/JPY tumbled as low as 92.50, down about 120pips from opening highs. NZD/USD reversed 4 consecutive rising sessions to fall over 60pips below $0.8180 and NZD/JPY was down 70pip at 83.70. USD/JPY pair largely traded sideways around 102.50, backing away from overnight highs amid a massively one-sided yen-short positioning in the markets. EUR/USD traded in a narrow 15-pip range around $1.3590, with traders eyeing Thursday's ECB policy decision. ***Speakers/Political/In the Papers*** - (CN) China Ministry of Commerce (MOFCOM) spokesman Yao: China targets to set up as many as 18 free-trade zones - financial press - (CN) China politburo holds conference on economic work for 2014, reiterates key areas of reform; To issue urbanization plan in 2014 - Xinhua - (CN) Moody's: China banking system outlook stable but with some challenges - (CN) Citigroup: Shanghai Composite may rise 26% in 2014 above 2,800 - (CN) China Ministry of Commerce (MOFCOM) spokesperson Shen Danyang: US has exaggerated the scale of dumping of Chinese products - (JP) Japan govt, companies said to be planning total stimulus of 18.6T - Japanese press - (JP) BOJ Board member Sato: The domestic economy is recovering moderately; there is no need to ease preemptively if economic impact of sales tax hike temporary - (AU) Australia Treasurer Hockey: Govt GDP forecasts will not be achieved - (AU) RBS strategist: Q3 GDP is "ancient history"; RBA knows that Q4 has improved and rates are likely to remain on hold for some time - (AU) Moody's analyst: Latest GDP data shows Australian economy is underperforming; Seen some positive developments since end of Sept - SMH ***Equities*** Market Snapshot (as of 04:30 GMT): - Nikkei225 -1.7%, S&P/ASX +0.4%, Kospi -0.7%, Shanghai Composite +1.3%, Hang Seng -0.4%, Dec S&P500 +0.1% at 1,793, Feb gold -0.1% at $1,220, Jan crude oil +1.2% at $97.2/brl US markets: - CCXI: Announces Positive Top-Line CCX168 Phase II Data in ANCA-Associated Renal Vasculitis; +9.6% afterhours - SAEX: Announces $40M of New Project Awards (NOTE: Q4 Rev est $76M), Including First Contract in Brazil, along with Achievement of Key Milestone; +9.2% afterhours - GWRE: CFO: Raises FY14 Rev guidance to $350.5-342.5M v $336.8Me (R$328.5-340.5M prior) - conf call comments; +5.8% afterhours - JCP: Reports Thanksgiving weekend SSS +10.1% y/y; +3.4% afterhours - LEN: Prevails in Defamation and Extortion Case Against Marsch; Jury Awards $1B in Damages; +0.5% afterhours - OVTI: Reports Q2 $0.60 v $0.43e, R$397.2M v $392Me; -12.7% afterhours - AMBI: Plans not to submit NDA for accelerated approval of quizartinib based on the Phase 2 and 2b clinical trial data; -22.7% afterhours Notable movers by sector: - Consumer discretionary: Dentsu Inc 4324.JP -2.2% (Jiji cuts stake); Cochlear Ltd COH.AU +1.0% (receives FDA clearance); Sydney Airport SYD.AU -5.3% (traffic results) - Industrials: Token Corp 1766.JP -4.2% (H1 results); Kia Motors 000270.KR +1.1% (Nov US sales); First Tractor 38.HK +2.5%, Stanley Fertilizer 002588.CN +5.6%, Shandong Kingenta Ecological Engineering 002470.CN +6.4% (China politburo issues plan on modern agriculture development); CPI Yuanda Environmental-Protection Group Co Ltd 600292.CN +2.4%, Beijing SPC Environment Protection Tech 002573.CN +1.4%, Fujian Longking Co Ltd 600388.CN +2.8% (Eastern China reports smog; China politburo issues plan on green, low-carbon development); China COSCO 601919.CN +5.0%, China Shipping Development 600026.CN +10.0%, China Shipping Container 601866.CN +9.9% (China politburo issues plan to promote marine economy related constructions); Shanghai Port 600018.CN +10.0%, Shanghai Waigaoqiao FTZ 600648.CN +10.0%, Shanghai Lujiazui Finance & Trade Zone Development 600663.CN +10.0%, Shanghai Material Trading 600822.CN +10.0% (China comments on free trade zone trials) - Materials: Ningxia Qinglong Pipes Industry Co Ltd 002457.CN +10.0% (private banking plans) - Financials: Emperor Capital Group Ltd 717.HK +7.6% (FY13 results) - 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 20 November 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:


Mon 20 Nov
14:00 EZ- Draghi Speech
15:00 US- Leading Indicators
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