User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Monday December 30, 2013 - 05:55:50 GMT
Trade the News Staff -

Share This Story:
| | Email Asian Market Update: Yen at fresh 5-year lows as China, Korea express concern on currency - Source

- ECB Pres Draghi interviewed in German press over the weekend, reiterating the absence of evidence of deflation would keep the ECB on the sidelines with no further cuts to is main interest rate. - Japanese press speculating Toyota's FY results would top estimates, helped by weaker yen rates than the 92-97 range conservatively estimated when the company last offered FY13/14 guidance. - FT interview with IMF's Lipton noting Japan GDP would likely be upgraded for the coming year; Lipton saw the first arrow of Abenomics - monetary policy - delivering results in 2013, but also calling for the start of fiscal and structural changes as intended in the remaining "arrows". - China NDRC joins South Korea amid growing concern that weak Yen unfairly benefits Japanese exporters at the expense of other regional economies. Separately, China naval ships briefly enter Japan's territorial waters around the disputed islands, marking the first reported intrusion since the controversial Yasukuni shrine visit by PM Abe last week. Analysts speculate whether the rising political tensions reverberate through more vocal opposition to Japan's aggressive expansionary monetary policy. - Australia's Port Hedland closes iron loading operations ahead of the arrival of cyclone Christine. ***Economic Data*** - (KR) SOUTH KOREA NOV CURRENT ACCOUNT BALANCE: $6.03B V $9.51B PRIOR; GOODS BALANCE: $6.18B V $7.03B PRIOR - (KR) SOUTH KOREA NOV INDUSTRIAL PRODUCTION M/M: 0.0% V -0.5%E; Y/Y: -1.3% V -0.8%E - (KR) SOUTH KOREA NOV CYCLICAL LEADING INDEX CHANGE Y/Y: 0.2% V 0.4% PRIOR - (UK) UK DEC HOMETRACK HOUSING SURVEY M/M: 0.5% V 0.5% PRIOR; Y/Y: 4.4% V 3.8% PRIOR; 2013 home price gains of 4.4% follows decline of -0.3% in 2012. ***Fixed Income/Commodities/Currencies*** - (JP) BOJ offers to buy 250B in 1-3yr JGBs, 250B in 3-5yr JGBs, and 140B in floating-rate JGBs - (CN) Daily Shibor fixings: O/N: 3.2050% v 3.5130% prior (5th consecutive decline); 1-week: 4.8410% v 5.0670% prior (5th consecutive decline) - USD/CNY: (CN) PBoC sets yuan mid point at 6.1024 v 6.1050 prior setting (record high setting for Yuan) - SLV: iShares Silver Trust ETF daily holdings fall to 9,958 tonnes (lowest since 9,905 on July 1st) from 10,009 tonnes - GLD: SPDR Gold Trust ETF daily holdings fall 3.0 tonnes to 801.2 tonnes (lowest since Jan 2009) - USD majors tracked in narrow ranges amid thin holiday trade with little deviation from recent trends of relatively weaker JPY and AUD / stronger EUR and USD. USD/JPY hit fresh 5-year highs, reaching as far 105.40, EUR/USD traded up toward 1.3770 on Draghi comments before pulling back to 1.3740, AUD/USD fell over 30pips to session lows below 0.8840, while NZD/USD reversed initial gains above 0.8160 to briefly fall below 0.8120. In yen crosses, EUR/JPY was up about 50pips from Friday close, briefly testing 145 handle. GBP/JPY backed away from 173.80 - also up about 50pips from prior session at its high point. ***Speakers/Political/In the Papers*** - (CN) China National Development and Reform Commission (NDRC): need to closely monitor effects on China and South Korea exports from weaken Yen >- (CN) China Commerce Min (MOFCOM) Gao Hucheng: reiterates 2013 retail sales likely +13% y/y to reach CNY23.8T; Imports and exports may exceed record $4T, +7% y/y - (CN) China Ministry of Industry and Information Technology (MIIT): China has prominent overcapacity problems - Chinese press - (CN) China Premier Li Keqiang: to maintain appropriate liquidity level in 2014 - Chinese press - (CN) China govt to evaluate the performance of SOEs in 2014 and "severely deal" with underperforming companies - Xinhua - (JP) Japan Business Federation (Keidanren) agree to raise wages (1st time in six years) - Japanese press - (JP) Okinawa governor approves relocation of US military base - financial press - (JP) Japan PM Abe: Will consider economic data for Q3 of 2014 before deciding on whether to continue with higher consumption tax - Japan press - (JP) 3 Chinese coast guard ships temporarily entered Japan's territorial waters around the disputed Senkaku islands on Sunday - financial press - (JP) IMF's Lipton: IMF will probably upgrade its growth forecast for Japan - FT interview - (AU) Australia's Pilbara region shutters loading operations on Sunday ahead of the arrival of Cyclone Christine on Monday - financial press - (IN) India Fin Min Chidambaram: Lowers FY14 current-account deficit (CAD) forecast further to below $50B - press - (KR) South Korea Ministry of Knowledge Economy: Nov industrial electricity sales rose 4.2% y/y to 22.3B kwh - Korean press - (KR) South Korea Ministry of Oceans and Fisheries: Container cargo handling at South Korean seaports in Nov rose 1.2% y/y to 113.7M tons - Korean press - (KR) South Korea Trade Min Yoon: Weakness in yen may add to difficulties for South Korea exporters - financial press - (KR) South Korea Dep Fin Min: South Korea concerned about yen's rapid depreciation against won - financial press **MENA/Europe** - (EU) ECB's Draghi: see no signs of deflation, and no urgent need for further cut in the main interest rate - Spiegel interview >- (GR) Greece Fin Min Stournaras: Reiterates view that Greece is preparing return to the bond markets in H2 of 2014 - Greek press - (FR) Top court in France approves a proposal for companies to pay 75% tax on annual salaries above 1M - press - (SY) Syria has yet to remove chemical arms from key sites as deadline approaches - UN joint mission statement - (RU) Suicide bomber struck railway station in Volgograd, Russia; at least 15 fatalities reported - financial press ***Equities*** Market Snapshot (as of 04:30 GMT): - Nikkei225 +0.5%, S&P/ASX +0.5%, Kospi +0.1%, Shanghai Composite +0.1%, Hang Seng +0.1%, Mar S&P500 flat at 1,836, Feb gold -0.4% at $1,209, Feb crude oil -0.1% at $100.26/brl US markets: - CROX: Reaffirms Q4 at lower end of prior guided -$0.23 to -$0.20 v -$0.21e, Rev $220-225M v $222Me on Oct 30th; Confirms $200M investment from Blackstone in convertible preferred shares Notable movers by sector: - Consumer discretionary: Fujian Furi Electronics 600203.CN +0.7% (denies speculation on wearable product); Maruha Nichiro Holdings 1334.JP -2.7% (product recall); Changfeng Axle China Co 1039.HK +10.6% (acquires stake in JV) - Industrials: Daewoo Shipbuilding & Marine 042660.KR -0.6% (rig sinks by accident); Toyota Motor Corp 7203.JP +0.5% (speculation on FY13/14 results); Hyundai Motor Co 005380.KR +2.4% (to increase overseas production); Tengda Construction Group 600512.CN +1.3% (awarded contract); Xiamen International Airport 600897.CN +6.8%, Xiamen ITG Group 600755.CN +9.7%, Xiamen Port Development +7.8% (Xiamen submits FTZ application); Austal Ltd ASB.AU +1.7% (awarded contract); Mazda Motor Corp 7261.JP -0.2% (cuts target for China unit) - Financials: Central China Real Estate Ltd 832.HK +1.2% (rating action) - Materials: Forge Group FGE.AU +57.1% (awarded contract) - Healthcare: Sichuan Kelun Pharmaceutical 002422.CN +2.5% (receives approval from GMP) - Technology: Shenzhen Coship Electronics 002052.CN +3.3% (internet TV project); Samsung Electronics 005930.KR -2.1% (speculation on Q4 results); Sony Corp 6758.JP +2.3% (reverses decision to sell battery unit) - 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 3 Dec 2018
A All Day Final Mfg PMIs
Tue 4 Dec 2018
A 04:30 AU- Reserve Bank Decision
Wed 5 Dec 2018
A All Day Final SVC PMIs
A 04:30 AU- CPI
A 13:15 US- ADP Jobs
A 13:30 US- Productivity
A 15:00 CA- Bank Of Canada Decision
A 15:30 US- EIA Crude
B 19:00 US- Beige Book
Thu 6 Dec 2018
AA 12:45 EZ- ECB Decision
AA 13:30 US/CA- Trade
A 13:30 US- Weekly Jobless
Fri 7 Dec 2018
A 10:00 EZ- GDP
AA 13:30 US/CA- Employment
A 15:00 US- Final Univ of Michigan

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