User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Monday December 16, 2013 - 09:38:58 GMT
Trade the News Staff -

Share This Story:
| | Email Asian Market Update: JPY rises across the board as strong Tankan diminishes prospects for more BOJ easing; China flash PMI falls to 3-month lows - Source

- China flash manufacturing PMI hits 3-month lows, missing estimates. HSBC economist did note the "index stands above the average reading for 3Q, implying that the recovering trend of the manufacturing sector starting from July still holds up." - AUD relatively weaker, hitting session lows after China PMI data. Longer-term, PM Abbott informally acknowledged Australia will not meet the 3-year timeframe for return to budget surplus, pinning excessive spending on the previous Labor party regime. Australia releases Mid-Year Economic and Fiscal Outlook (MYEFO) tomorrow. - Japan quarterly Tankan PMI was stronger in terms of the current assessment but weaker in terms of outlook. Cabinet officials are cheering the strong data, while yen is rising, as dealers surmise the better data diminishes the outlook for further BOJ easing. In terms of positioning, latest CFTC net yen shorts are down for the first time in 6 weeks after hitting multi-year highs for 3 consecutive weeks. - Germany finalizes grand coalition with center-left SPD; Separately, Asmussen reported to leave the ECB and Pres Draghi reiterates the central bank has done all it can but may add to stimulus if more risks materialize. ***Economic Data*** - (CN) CHINA DEC HSBC/MARKIT FLASH MANUFACTURING PMI: 50.5 V 50.9E (3-month low) >- (JP) JAPAN Q4 TANKAN LARGE MANUFACTURING INDEX: 16 V 15E (highest reading since Q4 2007); LARGE ALL INDUSTRIAL CAPEX: 4.6% V 5.5%E; LARGE MANUFACTURING OUTLOOK: 14 V 17E - (JP) JAPAN NOV TOKYO CONDOMINIUM SALES Y/Y: 22.3% V 21.4% PRIOR - (NZ) NEW ZEALAND NOV PERFORMANCE SERVICES INDEX: 56.3 V 57.7 PRIOR (first decline in 4 months) - (NZ) NEW ZEALAND Q4 WESTPAC CONSUMER CONFIDENCE: 120.1 V 115.4 PRIOR (4-year high) - (UK) UK DEC RIGHTMOVE HOUSE PRICES M/M: -1.9% V -2.4% PRIOR (2nd straight decline); Y/Y: 5.4% V 4.0% PRIOR ***Fixed Income/Commodities/Currencies*** - (CN) Daily Shibor fixings: O/N: 3.4470% v 3.4321% prior (first rise in 10 sessions); 1-week: 4.3580% v 4.3000% prior (first rise in 9 sessions) - (KR) South Korea MoF sells 10-yr govt bond; avg yield 3.655% - (JP) BOJ to buy 500B in CP outright on Dec 19th - SLV: iShares Silver Trust ETF daily holdings fall to 10,139 tonnes (lowest since 10,125 on July 11th) from 10,163 tonnes - Japanese yen continued to back away from 5-year low set early on Friday, with JPY pairs down moderately across the board. USD/JPY, EUR/JPY, and AUD/JPY are all off by about 60pips at their lows from session highs below 102.70, 141.30, and 91.80 respectively. Note that the latter was within 5pips away from its multi-week trading range support. AUD was also softer against other currencies, falling as low as 0.8920 against USD immediately after the weaker than expected China flash manufacturing PMI. EUR/USD reversed its modest opening losses, rising from 1.3730 to 1.3760. ***Speakers/Political/In the Papers*** - (CN) China employees likely to have an average pay rise of 8.8% in 2014; Employees for state-owned enterprises (SOEs) may face salary cuts as they earn 1.9x more than employees in the private sector - Xinhua - (CN) China leadership to be cautious on rural residents' permanent move to China's cities for urbanization - Chinese press - (CN) China Stats Bureau: China pork price +0.5% in early Dec - (CN) Total worth of approx CNY30B of lock-up shares to be eligible for trade in Shanghai during the week of Dec 16th - Chinese press - (CN) China National Energy Administration (NEA): China Nov power consumption 448.5B kwh v 437.5B kwh m/m, +8.5% y/y (2nd highest level in 2013) - (CN) US Navy warship USS Cowpens was forced into evasive maneuvers to avoid hitting a Chinese naval vessel on Dec 5th in the South China Sea - press >- (CN) China foreign ministry spokesperson Hong Lei: China expresses "strong dissatisfaction" with Japan PM Abe's "slanderous" comments about China's air defense identification zone - press - (JP) Japan Chief Cabinet Sec Suga: Tankan survey greatly exceeded expectations - (JP) Japan govt may set FY14/15 real GDP target at 1.3% - Japan press - (JP) Japan govt forming a budget plan to issue about 180T (record high) in bonds in FY14/15, up from 174T issued in FY13/14 which is the current record - Nikkei - (JP) Economists estimating Japan's 2013 money supply target of 200T to be reached a week ahead of schedule on Dec 25th; 2012-end money supply was 138B - Nikkei - (JP) ASEAN and Japan leaders agree to work together to ensure freedom of overflight - (AU) Australia PM Abbott said to have given up on govt target to return the budget to surplus in 4 years due to "profligacy" of the former Labor govt - AFR - (NZ) New Zealand Institute of Economic Research (NZIER): Sees 3.1% GDP for FY14/15 - (IR) Iran Foreign Min Zarif: To continue talking with world leaders on its nuclear program despite US move to blacklist companies not complying with sanctions - financial press - (IR) Saudi Royal family said to be seeking a role in talks with Iran - financial press interview - (DE) Germany's BDI Industrial Association expects 2013 exports at 1.5%, 2014 over 2% - German press - (EU) ECB Pres Draghi: ECB has done all it can to stimulate growth in the eurozone; Stands ready to act at a later stage - French press - (US) House Budget Committee Chairman Ryan said to convene a meeting with House Republicans to strategize on what concessions are feasible from the Democrat side in return for raising the debt ceiling for 2014 - press citing "Fox News Sunday" interview >- (US) US budget deal in Senate may be short on votes - financial press citing Senator Durbin (D-IL) - (US) WSJ's Hilsenrath: Recent economic data shows progress on employment and growth, but not inflation ***Equities*** Market Snapshot (as of 04:30 GMT): - Nikkei225 -1.2%, S&P/ASX -0.3%, Kospi flat, Shanghai Composite -1.4%, Hang Seng -0.7%, Mar S&P500 -0.4% at 1,760, Feb gold -0.1% at $1,234, Jan crude oil -0.6% at $96.38/brl Notable movers by sector: - Consumer discretionary: Qantas Airways Ltd QAN.AU +3.3% (Australia PM plans to eliminate foreign ownership limits); Qingdao Doublestar 000599.CN +1.5%, Blue Star New Chemical Material 600229.CN +2.8%, Qingdao Kingking Applied Chemistry 002094.CN +6.5%, Minsheng Investment Management 000416.CN +1.5% (Qingdao applies for FTZ trial); Shuanghua Holdings 1241.HK -6.7% (FY guidance) - Industrials: China Airlines 2610.TW +0.5% (JV agreement); Daewoo Shipbuilding & Marine 042660.KR +3.7% (awarded order); Mitsubishi Heavy 7011.JP -1.6% (lawsuit settlement); Hi-Lex 7279.JP -1.0% (FY12/13 results); Aurizon Holdings AZJ.AU +0.2% (FY14 production guidance) - Financials: WesFarmers Limited WES.AU +0.4% (to sell insurance underwriting operations) - Technology: Wisesoft 002253.CN +% (awarded contract); Global Tech 143.HK +3.9^ (FY profit alert) - Energy: AWE AWE.AU +8.4% (Exec comments) - Healthcare: Guangzhou Baiyunshan Pharmaceutical 600332.CN -5.4% (vaccine recall) Related (UPDTE ) - Source


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."

Actionable trading levels delivered to YOUR charts in real-time.

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 12 Nov 2018
AA CA/US Holiday
Tue 13 Nov 2018
AA 09:30 GB- Employment
A 09:00 DE- ZEW Survey
Wed 14 Nov 2018
AA 09:30 GB- CPI
AA 09:30 EZ- GDP
A 14:30 US- EIA Crude
Thu 15 Nov 2018
A 01:30 AU- Employment
AA 09:30 GB- Retail Sales
A 12:30 US- Weekly Jobless
Fri 16 Nov 2018
AA 10:00 EZ- Final HICP
A 14:15 US- Ind Prod/Cap Util

John M. Bland, MBA
co-founding Partner,

Global-View Affiliate Program

We are starting an affiliate program to market some of our products.

Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.

Put the word "affiliate" in the email subject line.

Contact us

Start trading with forex broker Markets Cube

Max McKegg's Daily Forex Trading Forecasts

Veteran FX Trader, Max McKegg, forecasts all the Major currencies and the Australasians; providing Daily and Medium Term Trading forecasts to subscribers, who include large Banks the world over, as well as individual traders in more than 30 different countries.

Request a TRIAL of Max's Forex Service.


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

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 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 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.



By using this website, you are agreeing to our Privacy Policy and Terms of Use, and Cookie Policy

Copyright ©1996-2014 Global-View. All Rights Reserved.
Hosting and Development by Blue 105