User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday December 17, 2013 - 10:03:20 GMT
Trade the News Staff -

Share This Story:
| | Email Asian Market Update: Australia unveils large downward revisions in budget projection, expects a decade of deficits; Japan threatens to boost its military presence around Senkaku in re

- Australia's new coalition govt unveils a fiscal outlook that is much worse than the one projected by the prior Labor administration. Mid-year economic and fiscal outlook (MYEFO) now sees Australia remaining in deficit for a decade until FY23/24 vs prior expectation for return to surplus in FY16/17. Govt also affirmed its current year GDP forecast at 2.5% but cut FY14/15 growth outlook by 0.5pts to 2.5%. Separately, RBA's Dec policy meeting minutes reiterated the central bank is not closing off potential for further rate cuts but otherwise saw the policy board slightly less dovish than expected, pointing to signs of recovery in China and expectations of stronger growth in Australia in 2015. - In China, PBoC continued to hold off on injecting further liquidity into the system despite the disappointing HSBC flash manufacturing PMI released overnight, foreshadowing potentially slower economy in December. Also of note, China Banking Regulatory Commission (CBRC) was reported to avoid any increase in outstanding loans to local govt finance vehicles (LGFV) on signs of further strain in the financial system. Shibor rates rose for the 2nd consecutive session. - Japan was reported to look at increasing its military capacity in the disputed Senkaku islands area, having secured political support through meetings with ASEAN representatives and the US. Recall China foreign ministry officials have admonished some of Japan's recent rhetoric opposing Beijing declaration of an air defense identification zone in the region. ***Economic Data*** - (AU) RESERVE BANK OF AUSTRALIA (RBA) DEC MEETING MINUTES: Reiterates not closing off potential for further rate cuts - (AU) AUSTRALIA OCT CONFERENCE BOARD LEADING INDEX M/M: 0.5% V 0.3% PRIOR (second consecutive month increase) - (SG) SINGAPORE NOV ELECTRONIC EXPORTS Y/Y: -8.9% V -1.4% PRIOR; NON-OIL DOMESTIC EXPORTS M/M: -9.3% V +2.8%E; Y/Y: -8.8% V +4.5%E - (KR) SOUTH KOREA NOV PPI Y/Y: -0.9% V -1.4% PRIOR (14th consecutive decline) ***Fixed Income/Commodities/Currencies*** - (JP) Japan's MoF sells 1.10T in 20-year 1.6% (1.7% prior) JGBs; Avg yield: 1.586% v 1.514% prior; bid-to-cover: 4.49x v 4.75x prior - (CN) PBoC won't conduct open market operations (OMO) in today's session (4th consecutive session of halted operations) >- (CN) Daily Shibor fixings: O/N: 3.4700% v 3.4470% prior (2nd consecutive rise); 1-week: 4.4590% v 4.3580% prior (2nd consecutive rise) - SPDR Gold Trust ETF daily holdings fall 8.7 tonnes to 818.9 tonnes (lowest since Jan 2009) - USD is under modest pressure against the majors in the 11th hour before the Fed announcement - US treasury markets, slightly lower after strong industrial production figures on Monday, will digest Tuesday's CPI data before turning to the FOMC decision on Wednesday. USD/JPY is in a 20pip range, briefly falling below 103, while EUR/USD is also up about 20pips above $1.3720. AUD/USD continues to defy the USD-dominated trend and also no longer correlates to general risk-appetite on display in US equities. The aussie fell below $0.8930 on Moody's warning over Australia and was unable to sustain the gains after slightly less dovish than expected RBA policy meeting minutes. NZD also remained a relative outperformer, rising over 30pips from the lows above $0.8280 on upbeat fiscal assessment from Fin Min English. ***Speakers/Political/In the Papers*** - (CN) China Banking Regulatory Commission (CBRC) reiterates banks not to rise outstanding loans to LGFV; To study policies for financial institutions - Chinese press - (CN) China to implement rail pricing reform as early as 2014 - Chinese press - (CN) China Hebei Province Party Secy: to cut steel capacity even it harms provincial GDP - Xinhua - (CN) China State Administration of Foreign Exchange (SAFE) found fake re-export transactions for over $2.5B by end of Nov - Chinese press - (AU) AUSTRALIA MID-YEAR ECONOMIC AND FISCAL OUTLOOK (MYEFO): Affirms FY13/14 GDP forecast at 2.5%, Cuts FY14/15 GDP target to 2.5% v 3.0% prior in Aug >- (AU) Moody's: Australia Mid-Year Economic and Fiscal Outlook (MYEFO) debt projections worse than expected; Govt's GDP revisions, larger deficit forecasts clearly credit negative, but do not change Stable outlook - (AU) Australia PM Abbott: Australia is facing a decade of budget deficits - (AU) Australia Treasurer Hockey: We will fix the budget and deliver a stronger economy - press conf from the National Press Club - (AU) RBA Dep Gov Debelle: Basel III liquidity rules to make it more costly for banks to provide to customers deposit accounts with less than 30 days to maturity - press conf - (NZ) New Zealand Fin Min English: New Zealand Treasury sees GDP growth to peak at 3.6% in 2015 - press conf - (JP) BoJ Gov Kuroda suggests Japan is half-way there on inflation target; States that Japan is halfway there on inflation target, but there is a long way to go; Initial inflation reflected a depreciated currency, this has now changed - FT - (JP) Japan Fin Min Aso: Will work to maintain FY14 new bond issuances below FY13 level - financial press - (JP) Japan releases national security strategy and defense plans: to consider increasing military presence around disputed Senkaku island territories - financial press - (JP) Japan Chief Cabinet Sec Suga: Collective defense an issue for next fiscal year onwards - (JP) Japan PM Abe cabinet approval rating declines by 9.3 points to 47.4% - Sankei News - (JP) Japan Center for Economic Research (JCER): Japan may have to raise sales tax as high as 19% by FY25 to deal with declines in capital stock, population, and social spending for the elderly - Nikkei - (KR) South Korea President Park: domestic economy shows signs of recovery - (KR) South Korea likely to maintain 2014 GDP forecast at 3.9% - financial press citing ministry official ***Equities*** Market Snapshot (as of 04:30 GMT): - Nikkei225 +0.7%, S&P/ASX flat, Kospi +0.2%, Shanghai Composite -0.6%, Hang Seng +0.3%, Mar S&P500 flat at 1,779, Feb gold -0.2% at $1,242, Jan crude oil -0.1% at $97.35/brl US markets: - KFN: KKR to Acquire KKR Financial Holdings for 0.51 shares per share, in a deal worth $2.6B; +28.6% afterhours - RICK: Reports Q4 $0.27 v $0.31 y/y, R$28.0M v $23.9M y/y; +12.1% afterhours - ECYT: Preclinical Data Support Endocyte's Folate Receptor-Targeted Small Molecule Drug Conjugates for Treatment of Triple Negative Breast CancerResults for Folate Receptor-Targeted SMDCs Presented at the 2013 CTRC-AACR San Antonio Breast Cancer Symposium; +3.1% afterhours - BA: *RAISES DIVIDEND 50% TO $0.73 FROM $0.485 (implied yield 2.2%); AUTHORIZES REPURCHASE PROGRAM FOR $10B (about 10% of market cap); +1.9% afterhours - BMR: Raises quarterly dividend by 6.4% to $0.25/shr from $0.235/shr; +0.3% afterhours - HXL: Guides FY14 $2.00-2.12 v $2.11e, Rev $1.80-1.88B v $1.84Be; -0.5% afterhours - TRGT: Announces Negative Top-Line Results from Phase 2b Clinical Trial of TC-5619 in Schizophrenia; -31.8% afterhours Notable movers by sector: - Consumer discretionary: Linmark Group 915.HK -5.4% (H1 results) - Consumer staples: Ruralco RHL.AU -2.2% (institutional placement) - Industrials: PanAsialum Holdings 2078.HK +1.2% (FY13 results); Xinjiang Beixin Road & Bridge Group 002307.CN +1.4% (awarded contract); Huayi Electric 600290.CN +2.5% (enters JV); STX Offshore & Shipbuilding 067250.KR -4.1% (issues new shares); Daewoo Shipbuilding & Marine 042660.KR +2.8% (awarded order); Orica Ltd ORI.AU -1.0% (S&P downgrade) - Materials: Jiangsu Sopo Chemical 600746.CN +2.9%, Jiangsu Hengshun Vinegar Industry 600305.CN +1.7% (City of Zhenjiang plans for free trade zone trial) - Healthcare: Guilin Layn Natural Ingredients 002166.CN +3.6%, Shenzhen Neptunus Bioengineering 000078.CN +2.8%, Shandong Lukang Pharma 600789.CN +4.4% (Chinese press starts to cover H7N9 story overnight) - Technology: Great Wall Technology 74.HK +34.8% (rumors on buyout) - Utilities: Envestra ENV.AU -0.9% (merger agreement); TEPCO 9501.JP +1.3% (enters agreement with lenders) - Energy: AWE AWE.AU -3.8% (drilling update); Korea Gas 036460.KR -6.0% (raises FY13 net loss) - 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.

Register To Test Your Amazing Trader

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

Mon 10 Sep 2018
AA 08:30 GB- GDP, Trade, Output
Tue 11 Sep 2018
AA 08:30 GB- Employment Decision
A 09:00 DE- ZEW Survey
Wed 12 Sep 2018
A 12:30 US- PPI
A 14:30 US- EIA Crude
A 18:00 US- Beige Book
Thu 13 Sep 2018
A 1:30 AU- Employment
AA 11:00 GB- Bank of England Decision
AA 11:45 EZ- European Central Bank Decision
A 12:30 US- Weekly Jobless
AA 12:30 US- CPI
Fri 14 Sep 2018
A 08:30 GB- GDP
AA 12:30 US- Retail Sales
A 13:15 US- Industrial Production
AA 14:00 US- prelim University of Michigan

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