User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday December 5, 2013 - 05:39:07 GMT
Trade the News Staff - www.tradethenews.com/freetrial.asp?gv

Share This Story:
| | Email

TradeTheNews.com Asian Market Update: PBoC slows liquidity injections again; Australia trade remains in deficit - Source TradeTheNews.com

GGP (not Facebook, as speculated) replaces Molex in SP500; GGP rises 3.5%, Facebook falls 1.5% in extended session. - US financial press reported that China Mobile and Apple reached a final agreement on iPhone distribution before separate reports indicated talks are still ongoing with nothing definitive to announce. - Australia terms of trade were in deficit for the 4th consecutive month in October; Exports to China rose 5% m/m and exports of coal were up 6.8%, while iron ore exports were revised down by about 3% for the prior month and fell again 0.8% in October. - PBoC skips a Thursday money market operation for the first time in 3 weeks; Also marks the biggest net drain of liquidity in 7 weeks. ***Economic Data*** - (AU) AUSTRALIA OCT TRADE BALANCE (A$): -529M V -350ME (4th consecutive deficit) - (JP) Japan MoF sells 2.18T in 0.6% (0.6% prior) 10-yr notes; Avg yield: 0.648% v 0.605% prior; Bid to cover: 4.01x v 3.69x prior - (KR) SOUTH KOREA Q3 FINAL GDP Q/Q: 1.1% (2-year high) V 1.1% PRELIM; Y/Y: 3.3% V 3.3% PRELIM - (PH) PHILIPPINES NOV CPI M/M: 0.4% V 0.4%E; Y/Y: 3.3% V 3.5%E; CPI CORE Y/Y: 2.8% V 2.5% PRIOR - (TW) TAIWAN NOV CPI Y/Y: 0.7% V 1.0%E PRIOR; WPI Y/Y: -1.0% V -0.9%E PRIOR ***Fixed Income/Commodities/Currencies*** - (CN) PBoC won't conduct open market operations (OMO) in today's session; Drains net CNY47B this week v injected 17B prior (first net drain in three weeks, biggest drain in 7-weeks) - (CN) Daily Shibor fixings: O/N: 3.7030 % v 3.7235% prior (3rd consecutive decline); 1-week: 4.5580 % v 4.5770% prior (2nd consecutive decline) - GLD: SPDR Gold Trust ETF daily holdings fall 2.7 tonnes to 838.7 tonnes (lowest since Jan 2009) - USD majors are rangebound in the Asian session despite the selloff in the US Treasury market on Wednesday following better than expected ADP jobs, with volatility subsiding going into the ECB/BOE policy decisions on Thursday and non-farm payrolls on Friday. EUR/USD traded some 15pips on both sides of the 1.36 handle, GBP/USD was listless around $1.6380, and USD/JPY was in a 30pip range around 102.20. AUD/USD sold off briefly following Australia trade data, falling below $0.9020 before a bounce back to $0.9040. AUD has been under overall pressure for the past 2 weeks, culminating with a brief test below the $0.90 figure in the US hours. ***Speakers/Political/In the Papers*** - (CN) China National Development and Reform Commission (NDRC): Looking to ease burden for smaller companies - Chinese press - (CN) Smog reported in Central and Eastern China for 3rd consecutive day - Chinese press - (CN) China Qinhuangdao coal price continues to rise to CNY590-600/t (highest level since early July) - (JP) Japan govt expects stimulus to raise real GDP by 1ppt and create 250K jobs - financial press - (JP) Japan Coast Guard sighted 3 China vessles near disputed island territory (5th consecutive day) - Kyodo News - (JP) Moody's: Japanese corporates 2014 outlook stable; Moody's expects Japan's GDP to grow by 1%-2% in 2014, fuelled by structural reforms dubbed Abenomics. Economic optimism has led to higher corporate earnings and cash flows, which have in turn reduced financial leverage. - (JP) Japan to list nuclear power as important energy source - Japanese press - (JP) Housing industry execs said to be less pessimistic over the negative impact of rising sales tax than the last time consumption tax went up in 1997 - Nikkei - (AU) Australia PM Abbott: South Korea and Australia have reached an agreement on free trade deal (FTA) - addressing parliament - (AU) Moody's: Australia non-financial corporate outlook stable in 2014; Expects 2014 GDP at 2.0-3.0%, 2015 GDP at 2.5-3.5% - (PH) Philippines Central Bank: Inflation likely to rise in coming months due to the typhoon - (ES) Moody's changes Outlook on Spain govt bond rating to Stable from Negative; Affirms Baa3 rating ***Equities*** Market Snapshot (as of 04:30 GMT): - Nikkei225 -0.4%, S&P/ASX -0.8%, Kospi -0.5%, Shanghai Composite -0.1%, Hang Seng -0.3%, Dec S&P500 flat at 1,791, Feb gold -0.8% at $1,237, Jan crude oil +0.2% at $96.42/brl US markets: - KFY: Reports Q2 $0.38 v $0.34e, R$238.0M v $234Me; +4.4% afterhours - GGP: To enter S&P500 index; effective Dec 9th close; +3.6% afterhours - NUAN: Investor Icahn raises stake to 18.72% - filing; +2.1% afterhours - VRNT: Reports Q3 $0.80 v $0.65e, R$224.3M v $224Me; +1.6% afterhours - ENB: Guides initial FY14 C$1.84-2.04 v C$1.91e; Raises quarterly dividend 11% to $0.35/shr from $0.315/shr; +0.9% afterhours - DIS: Increases annual cash dividend 15% to $0.86 from $0.75; +0.5% afterhours - GES: Reports Q3 $0.42 v $0.39e, R$613.5M v $617Me; +0.3% afterhours - SNPS: Reports Q4 $0.56 v $0.55e, R$504.9M v $507Me; -4.1% afterhours - ARO: Reports Q3 -$0.29 (adj) v -$0.25e, R$514.6M v $516Me; -6.0% afterhours - WTSL: Reports Q3 -$0.12 (adj) v -$0.12e, R$127.7M v $134Me; -15.7% afterhours Notable movers by sector: - Consumer discretionary: Fairfax Media Ltd FXJ.AU +5.8% (to sell Stayz); China Weaving Materials Holdings Ltd 3778.HK +50.6% (FY13 guidance); Qantas Airways Ltd QAN.AU -11.4% (H1 guidance); China Huiyuan Juice Group 1886.HK -0.7% (share issuance) - Industrials: Nufarm Ltd NUF.AU -6.5% (H1 guidance); Samsung Engineering Co Ltd 028050.KR +1.9% (awarded order); CPI Yuanda 600292.CN +2.9%, Fujian Longking 600388.CN +3.0%, Beijing SPC Environmental 002573.CN +2.4%, Kelin Environmental 002499.CN +7.6% (smog reported in China for 3rd consecutive days) - Financials: Westfield Group WDC.AU -2.0% (buys WTC retail facilities) - Healthcare: Daiichi Sankyo Co Ltd 4568.JP -2.3% (product halt) - Telecom: China Telecom 941.HK +0.8% (speculate Apple agreement) - 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 21 November 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:


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