User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday December 6, 2013 - 06:34:22 GMT
Trade the News Staff - www.tradethenews.com/freetrial.asp?gv

Share This Story:
| | Email

TradeTheNews.com Asian Market Update: Qantas Airlines credit rating cut to junk; Shanghai still shrouded in smog - Source TradeTheNews.com

- Credit rating of Qantas, Australia's biggest airline, has been cut to junk. After the airline warned to expect steep H1 losses overnight, S&P said the "downgrades reflect view that the intense competition in the airline industry has weakened Qantas' business risk profile to "fair" from "satisfactory", and financial risk profile to 'significant' from 'intermediate'"; Moreover, S&P said it would take some time before Qantas credit profile can recover to investment grade. Qantas management officials responded that while the rating downgrade was not unexpected, external forces rather than internal business dynamics were to blame. QAN shares fell over 4% in the morning session. - Airlines on the mainland remain impacted by week-long smog issues, with limited visibility preventing most of air travel around Shanghai. Separately in China, PBoC setting for the yuan fell below CNY6.13, a record high, and 3-month Shibor tightened to levels not seen since June in the wake of the first net liquidity drain in 3 weeks. - JPY traded softer in the afternoon session after Japan pension fund official called for a reduction of domestic bond holdings in favor of less risk-averse assets. ***Economic Data*** - (JP) JAPAN NOV OFFICIAL RESERVE ASSETS: $1.28T V $1.28T PRIOR - (AU) AUSTRALIA NOV AIG PERFORMANCE OF CONSTRUCTION INDEX: 55.2 V 54.4 PRIOR (2nd straight expansion; highest reading since Apr 2010) - (MY) MALAYSIA OCT TRADE BALANCE (MYR): 8.2B V 9.1BE ***Fixed Income/Commodities/Currencies*** - (US) Weekly Fed Balance Sheet Assets Week ending Dec 4th: $3.889T (record high) v $3.883T prior; M1 y/y change: 8.4% v 8.4% w/w; M2 y/y change: 6.4% v 6.5% w/w - (AU) Australia MoF (AOFM) sells A$1.5B in 2018 Bonds; avg yield: 3.5738%; bid-to-cover: 3.13x - (JP) BOJ offers to buy 250B in 1-3yr JGBs, 250B in 3-5yr JGBs, and 400B in 5-10yr JGBs - (CN) China Ministry of Finance (MOF) sells 30-yr bonds, avg yield 5.05% - (CN) Daily Shibor fixings: O/N: 3.7000% v 3.7030 % prior (4th consecutive decline); 1-week: 4.5500% v 4.5580 % prior (3rd consecutive decline) - USD/CNY: (CN) PBoC sets yuan mid point at 6.1232 v 6.1310 prior setting (record high setting for Yuan) - USD majors are trading in narrow ranges after a volatile morning in the US session ahead of the all-important non-farm payrolls report that could further bolster the case for a December taper by the Fed. USD/JPY has bounced off the US-session lows around 101.60, approaching 102 handle, while EUR/JPY and AUD/JPY crosses were flat around 139.20 and 92.20 respectively. EUR/USD spend the day in a 10-pip range around $1.3670, cable remained capped by $1.6350, and AUD/USD briefly came under pressure to trade below $0.9040 following Qantas credit rating cut. NZD underperformed following recent reports of lower than expected revenues from asset sales, falling over 30pips below $0.82. ***Speakers/Political/In the Papers*** - (CN) Shanghai Academy of Spaceflight Technology: China to adjust space probe planning; To delay manned lunar landing project - Chinese press - (CN) China 2014 fixed asset investment (FAI) may grow at about 19% - Chinese press - (CN) China may accelerate construction of 100 ecological demonstration zones - Chinese press - (CN) Shanghai air pollution levels remaining high (4th consecutive day) - financial press - (JP) Chairman of govt appointed panel Takatoshi Ito: Public pension fund GPIF should reduce domestic Bond holdings to 52%; need to start selling bonds as soon as possible - financial press interview - (JP) According to the latest data from Tokyo Stock Exchange, individual investors are selling off stocks ahead of the sales tax hike - Nikkei (update) - (KR) According to Bank of Korea (BoK) data, at the end of Nov, foreign exchange bank deposits hit a record $48.6B v $46.1B m/m - Korean press - (AU) Australia PM Abbott: Economic conditions not as strong as they could be - (NZ) New Zealand Fin Min English: NZ accounts on track in 4 months to Oct; on track for FY14/15 surplus - New Zealand govt financial statement - (DE) German Fin Min Schaeuble expresses interest to remain in office as part of the grand-coalition govt - German press ***Equities*** Market Snapshot (as of 04:30 GMT): - Nikkei225 flat, S&P/ASX -0.3%, Kospi +0.1%, Shanghai Composite -0.6%, Hang Seng -0.2%, Dec S&P500 +0.2% at 1,786, Feb gold -0.6% at $1,225, Jan crude oil +0.1% at $97.46/brl US markets: - PSUN: Reports Q3 -$0.05 v -$0.05e, R$206.6M v $206Me; +8.7% afterhours - TEX: Initiates quarterly dividend of $0.05 (implied yield 0.5%); approves $200M buyback program (about 5% of market cap); +0.1% afterhours - IOC: Confirms selection of Total SA for PNG Gas Development; +0.1% afterhours - GPS: Reports Nov SSS +2.0% v +0.9%e - FDX: To increase 2014 ground rates by 4.9%; effective Jan 6 - KR: Reports Q3 $0.53 v $0.53e, R$22.5B v $22.9Be - ZUMZ: Reports Q3 $0.39 v $0.46e, R$191M v $191Me; Board to repurchase $30M in common stock (3.9% of market cap); -4.7% afterhours - BIG: Reports Q3 -$0.16 v -$0.08e, R$1.15B v $1.16Be; to exit Canadian market; -10.1% afterhours - ULTA: Reports Q3 $0.70 v $0.74e, R$618.8M v $623Me; -18.3% afterhours Notable movers by sector: - Consumer discretionary: Qantas Airways Ltd QAN.AU -2.8% (S&P cuts rating); Panasonic Corporation 6752.JP +2.1% (development center plans); Flight Centre Ltd FLT.AU -3.0% (ACCC ruling); Dalian Sunasia Tourism Holding Co Ltd 600593.CN +2.2% (China to promote marine tourism) - Consumer staples: Yuan Longping High-tech Agriculture Co Ltd 000998.CN +1.8% (acquisition) - Industrials: Great Wall Motor 601633.CN +3.7% (Nov results); Shenzhen Green Eco-manufacture Hi-Tech Co Ltd 002340.CN +3.5% (China to subsidize waste electronic treatment companies); China Spacesat 600118.CN -3.3%, Aerosun Corp 600501.CN -4.7%, Shaanxi Aerospace Power Hi-Tech 600343.CN -3.8% (China to delay lunar project) - Financials: Beijing Orient Landscape Co Ltd 002310.CN +6.5%, Palm Landscape Architecture Co Ltd 002431.CN +7.3%, Shenzhen Techand Ecology & Environment Co Ltd 300197.CN +3.9%, Pubang Landscape Architecture Co Ltd 002663.CN +10.0% (China may accelerate construction of ecological demonstration zones) - Technology: Advantest Corp 6857.JP +5.0% (comments on cost reduction) - Energy: Shandong Molong Petroleum Machinery 002490.CN +1.2%, Yantai Jereh Oilfield Services Group 002353.CN +2.0%, Kingdream PLC 000852.CN +2.1%, Zhangjiagang Furui Special Equipment 300228.CN +3.2% (China Premier, NEA comments on shale gas) - 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 15 December 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:

Thu 14 Dec
23:50 JP- Tankan Survey

Mon 18 Dec
10:00 EZ- final HICP
Tue 19 Dec
09:00 DE- IFO Survey
13:30 US- Housing Starts/Permits
13:30 US- Current Account
Wed 20 Dec
15:00 US- Existing Homes Sales
15:30 US- EIA Crude
Thu 21 Dec
03:00 JP- BOJ Decision
13:30 CA- CPI & Retail Sales
13:30 US Weely Jobless
13:30 US- GDP
Fri 22 Dec
09:30 US- GB- GDP
13:30 US- core PCE Deflator & Presonal Income
15:00 US- New Homes Sales
15:00 US- final University of Michigan
17:00 US- early Closes
Mon 25 Dec
00:00 Christmas Holidays

Forex Trading Outlook


Potential Trading Opportunities

  • POTENTIAL PRICE RISK: HIGH-Medium- Thu --23:50-- JP- Tankan Survey
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