User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday December 12, 2013 - 06:10:37 GMT
Trade the News Staff - www.tradethenews.com/freetrial.asp?gv

Share This Story:
| | Email

TradeTheNews.com Asian Market Update: RBNZ shifts to a tightening bias; Facebook shares spike upon joining S&P500 - Source TradeTheNews.com

Asian equities continued to lose ground amid speculation that the Fed could begin to scale back its stimulus measures sooner than later. Despite the declines in the US markets, the S&P announced that Facebook was set to replace Teradyne in the S&P 500 index at the close of trading on Dec 20th. Shares of Facebook closed at $49.38 -1.7%, but rose to a high of 52 +5.3% in after-hours trading on the news. - The NZD strengthened on hawkish tones out of the RBNZ after it left the official cash rate at 2.50% (as expected). The central bank said that it would increase the cash rate as needed to maintain average inflation near 2% target midpoint. It had previously stated that a rate hike will likely to be needed next year. - The Australian jobless rate increased to a three-month high of 5.8% for November despite a rise in job numbers with the participation rate steady at 64.8%, the lowest level since October 2006. AUD was briefly higher following a November employment change reading of 21.0k beating expectations, but it quickly reversed gains on risk-aversion and expectations of Fed tapering. - South Korean market fell after the Bank of Korea left its 7-day repo rate steady at 2.50%, as widely expected. Increased volatility in the yen continued to pose considerable risk to the domestic economy. ***Economic Data*** - (NZ) NEW ZEALAND CENTRAL BANK (RBNZ) LEAVES OFFICIAL CASH RATE UNCHANGED AT 2.50%, AS EXPECTED >- (AU) AUSTRALIA NOV EMPLOYMENT CHANGE: +21.0K V +10.0KE (7-month high); UNEMPLOYMENT RATE: 5.8% V 5.8%E - (AU) AUSTRALIA DEC CONSUMER INFLATION EXPECTATION: 2.1% V 1.9% PRIOR (4-month high) - (KR) BANK OF KOREA (BOK) LEAVES 7-DAY REPO RATE UNCHANGED AT 2.50% (AS EXPECTED); (7th straight pause) - (JP) JAPAN NOV TOKYO AVERAGE OFFICE VACANCIES: 7.5 V 7.6 PRIOR - (AU) AUSTRALIA OCT CREDIT CARD BALANCES (A$): 48.9B V 48.8B PRIOR; CREDIT CARD PURCHASES: 23.0B V 22.0B PRIOR - (NZ) NEW ZEALAND NOV FOOD PRICES M/M: -0.2% V -1.0% PRIOR - (NZ) NEW ZEALAND REINZ NOV HOUSE PRICE INDEX: 3,885 V 3,839 PRIOR; M/M: 1.2% V 1.6% PRIOR; HOUSE SALES Y/Y: -6.6% V +2.1% PRIOR - (JP) Japan investors bought net 413.2B in foreign bonds last week vs bought net 65.5B in prior week (9th straight week of net purchases); Foreign Investors bought net 113.8B in Japan stocks v bought net 368.7B in prior week ***Fixed Income/Commodities/Currencies*** - JGB: (JP) Japan's MoF sells 2.50T in 0.2% (0.2% prior) 5-yr notes; Avg yield: 0.197% v 0.193% prior; Bid to cover: 4.43x v 5.03x prior - (CN) China National Petroleum Corporation (CNPC) researcher: China natural gas price may rise 77% by 2015; Sees China oil demand to rise 2.5%/yr in 2013-2020 - Chinese press - (CN) China Qinhuangdao coal price rises to CNY605-615/t (9th consecutive rise; highest since mid-June) - (CN) China Iron and Steel Association (CISA) plans to introduce daily price index for imported iron ore in early 2014 - Chinese press - GLD: SPDR Gold Trust ETF daily holdings fall 2.1 tonnes to 833.6 tonnes (lowest since Jan 2009) - SLV: iShares Silver Trust ETF daily holdings fall to 10,208 tonnes (lowest since July 15) from 10,304 tonnes ***Speakers/Political/In the Papers*** - (JP) Japan Pension Fund (GPIF) panel head Ito: Govt should decide on independence of GPIF - (JP) Japan PM Abe cabinet set to approve 5.5T extra budget for stimulus measures - Japanese press - (JP) Japan to increase total defense spending to 24.4T over the next 5-yr mid-term Defense Program - Kyodo News - (JP) Japan megabanks to allow overseas credit card users to access cash at ATMs - Japanese press - (CN) China to sell second tranche CNY15B of negotiable certificates of deposits (NCD) for 5 banks on Friday Dec 13th, 2014 - financial press - (CN) PBoC won't conduct open market operations (OMO) in today's session (3rd consecutive session of halted operations); Drains CNY37B this week v drained CNY47B prior (2nd week of net drain) - (CN) China Finance Ministry announces import, export duty adjustments, effective Jan 1st; Over 760 imported goods to be affected - (NZ) RBNZ Gov Wheeler: Rate must rise by 225bps over the next 2 1/4 year; RBNZ serious about containing inflation - press conf - (NZ) RBNZ Gov Wheeler: RBNZ concerned about house prices; Auckland house price gain is unhealthy - address at Finance and Expenditure Committee - (AU) New South Wales (NSW) announces deficit wider than prior forecast - (ID) Fitch: Indonesia residential property faces near-term headwinds - (VN) Moody's: Firmer macroeconomic stability supports Vietnam sovereign rating - (TH) Moody's: Thailand political crisis is credit Negative - (UK) British Chambers of Commerce (BCC): Raises 2013 GDP forecast to 1.4% from 1.3% prior forecast, Raises 2014 GDP to 2.7% from 2.2% prior forecast - (EU) ECB may put in place stricter regulations on sovereign bonds - FT citing ECB's Praet - (EU) EU negotiators said to have reached provisional agreement to impose possible losses on shareholders, bondholders, savers on failing banks form Jan 2016 - financial press - (IT) Italy Govt of PM Letta wins confidence vote in the Senate; as expected - (US) House panel has cleared bipartisan budget deal for full house vote this week; vote may occur Thursday - financial press ***Equities*** Market Snapshot (as of 04:30 GMT): - Nikkei225 -1.4%, S&P/ASX -1.3%, Kospi -0.7%, Shanghai Composite -0.1%, Hang Seng -0.5%, Dec S&P500 -0.2% at 1,777, Feb gold -0.2% at $1,255, Jan crude oil -0.1% at $97.36/brl US markets: - HLT: Prices 117M share IPO at $20/shr (as expected) - PRTA: Prothena Enter Into Worldwide Collaboration with Roche to Co-Develop and Co-Promote Antibodies for Treatment of Parkinson's Disease; +7.7% afterhours - FB: *TO BE ADDED TO S&P500 AND S&P100; effective after the close of trading on Friday, December 20; +4.0% afterhours - MW: Reports Q3 $0.90 v $0.87e, R$649M v $627Me; +1.4% afterhours - AET: Reaffirms FY13 $5.80-5.90 v $5.87e, R$47B v $47.1Be; Guides initial FY14 at least $6.25 v $6.21e, R$53B v $54.9Be - filing; -0.5% afterhours - IAG: Suspends dividend payout (prior was 6.5% yield) to preserve balance sheet; -3.4% afterhours - VRA: Reports Q3 $0.37 v $0.34e, R$130.1M v $129Me; guides lower; -7.7% afterhours - SUNE: Guides Q4 semiconductor materials Rev $209-234M v $234-264M prior; -11.3% afterhours - ATHN: Guides initial FY14 $0.98-$1.10 v $1.37e, R$725-755M v $765Me; Affirms FY13 $1.05-1.15 v $1.03e, R$580-615M v $592Me (prior "at or near the low end" $1.05-1.15); -15.8% afterhours Notable movers by sector: - Consumer discretionary: Sunvim Group 002083.CN +2.2% (receives govt subsidy); Huayi Brothers 300027.CN +4.9%, Zhejiang Huace Film 300133.CN +9.6%, China Television Media 600088.CN +3.6% (China annual movie box office reaches CNY20B); Shanghai Lansheng 600826.CN +10.0% (approves for SOE restructure) - Industrials: Kanamoto Co Ltd 9678.JP +2.3% (FY12/13 results); Doosan Heavy 034020.KR -4.6% (to sell treasury shares); Chengdu Road & Bridge Engineering 002628.CN +0.9% (awarded contract); Jiangsu WELLE Environmental 300190.CN +1.7% (awarded contract) - Materials: Nitto Denko Corp 6988.JP -18.3% (FY13/14 guidance) - Financials: Cinda Asset Management 1359.HK +29.9% (IPO) - Technology: Pegatron Corp 4938.TW -1.1% (working safety concerned) - Energy: Kingdream 000852.CN +3.1%, Shandong Molong Petroleum Machinery 002490.CN +4.3% (China Qinhai province finds shale gas) - Utilities: Envestra Ltd ENV.AU +1.0% (FY14 guidance) - 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