User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday December 11, 2013 - 11:33:27 GMT
Trade the News Staff - www.global-view.com/forex-services/TTN/

Share This Story:
| | Email

TradeTheNews.com EU Market Update: Peripheral bond yields continue to drift lower

TradeTheNews.com EU Market Update: Peripheral bond yields continue to drift lower
Wed, 11 Dec 2013 5:15 AM EST

***Notes/Observations***
- US Rep Ryan and Senator Murray reach 2-year budget agreement that would reduce the deficit without raising taxes and avoid a govt shutdown in January
- Volcker rule was approved by all 5 US regulators
- EU confirmed no deal was reached on SRM at the EcoFin meeting in Brussels on Wed, Dec 10th but Finance Ministers did reach a political understanding on SRM
- Peripheral bond yields continue to drift lower; Spain 2-year and 5-year govt yield at multi-year lows

***Economic Data***
- (IN) India Nov Trade Balance: -$9.2B v -$10.6B prior; Imports Y/Y: -16.4% v -14.5% prior; Exports Y/Y: +5.9 v +13.5% prior

- (FR) France Q3 Final Non-Farm Payrolls Q/Q: -0.1% v -0.1%e
- (DE) Germany Nov Final CPI M/M: 0.2% v 0.2%e; Y/Y: % v 1.3%e
- (DE) Germany Nov Final CPI EU Harmonized M/M: % v 0.2%e; Y/Y: % v 1.6%e
- (FR) France Oct Current Account Balance: -2.1B v -3.6B prior
- (TR) Turkey Oct Current Account Balance: -$2.9B v -$3.0Be
- (HU) Hungary Nov CPI M/M: -0.1% v -0.1%e; Y/Y: 0.9% v 0.9%e
- (ZA) South Africa Nov CPI M/M: 0.1% v 0.2%e; Y/Y: 5.3% v 5.4%e
- (ZA) South Africa Nov CPI Core M/M: 0.1% v 0.2%e; Y/Y: 5.3% v 5.4%e
- (CN) China Nov New Yuan Loans (CNY): 624.6B v 580.0Be
- (CN) China Nov M2 Money Supply Y/Y: 14.2% v 14.2%e;
M1 Money Supply Y/Y: 9.4% v 9.1%e; M0 Money Supply Y/Y: 7.7% v 8.0%e
- (CN) China Nov Aggregate Financing (CNY): No est v 856.4B prior
- (EU) ECB 256M borrowed in overnight loan facility vs. 170M prior; 54.4B parked in deposit facility vs. 52.2B prior - Daily Eurosystem Liquidity Conditions
- (IS) Iceland Central Bank (Sedlabanki) Ileft its: Current 7-day Lending Rate at 6.00%, as expected
- (GR) Greece Sept Unemployment Rate: 27.4% v 27.3% prior

Fixed Income:
- (RU) Russia sold RUB10B vs. RUB10B indicated 2023 OFZ Bonds; Yield: 7.77% v guidance of 7.79-7.84%
- (IN) India sold total INR120B vs. INR120B indicated in 3-month and 12-mnth Bills
- (EU) ECB allotted $0.0M in 7-Day USD Liquidity Tender at 0.59% vs. $0.0M prior (13th straight week without an allotment)
- (SE) Sweden sold SEK3.5B in 2023 Bonds; Yield: 2.3338% v 2.2476% prior
- (IT) Italy Debt Agency (Tesoro) sold 5.5B vs. 5.5B indicated in 12-month Bills; Avg Yield: 0.707% v 0.688% prior; Bid-to-cover: 1.63x v 1.8x prior

*** SPEAKERS/FIXED INCOME/FX/COMMODITIES/ERRATUM ***
***Equities**
Indices [Stoxx50 +0.2%,
FTSE 100 +0.1% at 6529, DAX +0.2% at 9129, CAC-40 +0.6% at 4116, IBEX-35 +0.4% at 9471, FTSE MIB -0.2% at 18,206, SMI +0.2% at 7990, S&P 500 Futures -0.1% at 1802]

- Market Focal Points: European equities trade mixed follow negative leads from Asia as dealers assess impact of US budget deal on Fed policy, Moncler IPO expected to price at top end of range, Chipmaker Imagination Technologies sinks on outlook, Banks trade mixed

By Sector
- Financials
[Mediolanum MED.IT -5% (share placement), RBS RBS.UK -1.5% (resignation of CFO)]
- Consumer Discretionary [First Group FGP.UK +2.5% (proposal from activist shareholder), Inditex ITX.ES flat (in line 9-month results)]
- Technology [Imagination Technologies IMG.UK -16% (cautious outlook); Alcatel-Lucent ALU.FR +1.5% (broker commentary)]
- Industrials [Bilfinger Berger GBF.DE -1% (broker commentary)]
- Stoxx50 sectors [Telecom +0.7%, Industrials +0.5%, Basic Materials +0.4%, Consumer Non-Cyclical +0.4%, Technology +0.3%, Energy +0.3%; Consumer Cyclical -0.2%, Financials -0.2%, Utilities -0.2%]

Speakers:
- Italy PM Letta addressed the Lower House ahead of confidence vote noting that his main objective for the next 18 months was institutional reform.
He also sought to reduce the number of lawmakers and push for single chamber parliament system. He saw conditions for new government agreement for 2014. Italy to continue to reduce debt and deficit and targeted 2014 GDP growth at 1.0% and 2% GDP growth in 2015.
- ECB's Nowotny (Austria) presented Austria Financial Stability Report which described that banking system as stable with the exception of a few known problematic cases. Forex loans still posed2e significant risk for Austrian households and bank
- Finland PM Katainen: EU bank union development is very good
- Turkey Central Bank Gov Basci reiterated view to maintain a cautious monetary stance until inflation is in line with medium term targets
- Ukraine PM Azarov stated that he sought 20B in financing from EU
- International Energy Agency (IEA) Monthly Oil Market Report raised its 2013 and 2014 Oil Demand forecast by 130K and 240K bpd respectively. Iran's oil exports rebounded but challenges abound. Iran would not flood the markets even if sanctions were lifted. Saudi Nov Oil Production at 9.75M bps, unchanged m/m while Non-OPEC Nov crude production was the highest in decades

Currencies/Fixed Income:
- The JPY was firmer in the session and seemed aided by the prospect of Fed tapering
- The EUR/USD remained steady and within striking distance of fresh 2013 highs after German Nov final CPI reading eased concerns on potential deflation in Europe in the near future.
- Periphery yields continued to hit multi-year lows. Spain 5-year govt bond yield moved below 2.54% (lowest level since Sept 2005) whilst its 2-year govt yield hit 1.27% (lowest since July 2009)

Political/In the Papers:
-(CN) Asian Development Bank (ADB): Raises China 2013 target to 7.7% from 7.6% prior; Raises 2014 GDP target to 7.5% from 7.4% prior
- (CN) China should terminate proactive fiscal polic
- API Weekly Crude Inventories registers its end consecutive draw

**Looking Ahead***
All times listed for economic events are denominated in Eastern Standard Time (Add 5 hours for GMT equivalent)
- (EU) EBA Board of Supervisors Meeting
- (PL) Poland Senate, Upper Chamber votes on Pension Revamp
- (IT) Italy Govt Confidence vote in Parliament
- (GR) Troika officials to return to Athens for technical discussions
- 05:30 (DE) Germany to sell 5.0B in 0% 2015 Schatz
- 05:30 (HU) Hungary Debt Agency (AKK) to Buy-Back Bonds
- 06:00 (EU) ECB's Constancio (Portugal) speaks in Frankfurt
- 06:00 (PT) Portugal Nov CPI M/M: -0.1%e v 0.0% prior; Y/Y: 0.0%e v -0.2% prior
- 06:00 (PT) Portugal Nov CPI EU Harmonized M/M: -0.2%e v +0.1% prior; Y/Y: 0.3%e v 0.0% prior
- 06:00 (ZA) South Africa Oct Retail Sales Constant M/M: +0.1%e v -0.7% prior; Y/Y: 1.7%e v 0.2% prior
- 06:30 (CL) Chile Central Bank's Traders Survey
- 06:45 (US) Daily Libor Fixing
- 07:00 (US) MBA Mortgage Applications w/e Dec 6th: No est v -12.8% prior
- 07:00 Russia to sell 2019 OFZ Bonds; Yield guidance seen between 7.29-7.34%
- 07:00 (UK)PM Cameron question yime in House of Commons
- 07:00 (IN) India Central Bank (RBI) Gov Rajan
- 08:00 (UK) BOE's Weale in London
- 08:00 (PT) Portugal Dep PM Portas in Lisbon
- 09:30 (BR) Brazil Central Bank weekly currency flows
- 10:00 (US) Treasury Sec Lew testifies about IMF
- 10:30 (ES) Bank of Spain (BOS) Chief Economist speaks in Zaragoza
- 10:30 (US) Weekly DOE Crude Oil Inventories
- 11:00 (US) Fed to purchase $1.25-1.75B in Notes
- 12:00 (CA) Canada to sell 3-Year Bonds
- 13:00 (US) Treasury to sell $21.0B in 10-Year Notes Reopening
- 13:30 (ES) Bank of Spain (BOS) Dep Gov Rostoy speaks in Madrid
- 14:00 (US) Nov Monthly Budget Statement: -$142.0Be v -$167.0B prior
- 15:00 (NZ) New Zealand Central Bank (RBNZ) Interest Rate Decision: Expected to leave Official Cash Rate unchanged at 2.50%
- 15:00 (NZ) Reserve Bank of New Zealand (RBNZ) Monetary Policy Statement
- 19:00 (AU) Australia Dec Consumer Inflation Expectation: No est v 1.9% prior
- 19:30 (AU) Australia Nov Employment Change: +10.0Ke v +1.1K prior; Unemployment Rate: 5.8%e v 5.7% prior
- 20:00 (KR) Bank of Korea (BoK) Interest Rate Decision: Expected to leave 7-Day Repo Rate unchanged at 2.50%

 

 

 

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