User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday January 15, 2014 - 11:02:53 GMT
Trade the News Staff -

Share This Story:
| | Email EU Market Update: Emerging market currencies remain under presser on Fed taper concerns EU Market Update: Emerging market currencies remain under presser on Fed taper concerns
Wed, 15 Jan 2014 5:23 AM EST

- World Bank: Raises 2014 global GDP growth forecast to 3.2% from 3.0% prior (first increase in global GDP projections in 3 years)
- China Dec New Yuan Loans 1-year low (CNY): 482.5B v 570.0Be
- India WPI slows to a 5 month low; justifies Dec pause by RBI
- Euro Zone Trade Balances continue to post large surpluses

***Economic Data***
- (SG) Singapore Nov Retail Sales M/M: % v 0.5%e; Y/Y: % v -8.0%e; Retail Sales Ex Auto Y/Y: % v 0.6%e
- (JP) Japan Dec Preliminary Machine Tool Orders Y/Y: 28.0% v 15.4% prior
- (IN) India Dec Wholesale Prices Y/Y: 6.2% v 7.0%e
- (FI) Finland Nov Final Retail Sales Volume Y/Y: -0.3% v -0.4% prelim
- (PH) Philippines Nov Overseas Workers Remittances: $2.1B v $2.1B prior; Y/Y: 7.5% v 8.0%e
- (DE) Germany 2013 GDP Y/Y: 0.4% v 0.5%e; Budget Deficit to GDP ratio under Maastricht: -0.1% v 0.0%e
- (CZ) Czech Nov Export Price Index Y/Y: 2.9% v -0.1% prior; Import Price Index Y/Y: +1.0% v -1.7% prior
- (CZ) Czech Dec PPI Industrial M/M: 0.8% v 0.4%e; Y/Y: 1.7% v 1.3%e
- (HU) Hungary Dec CPI M/M: -0.5% v -0.6%e; Y/Y: 0.4% v 0.4%e
- (TR) Turkey Oct Unemployment Rate: 9.7% v 9.9% prior
- (DK) Denmark Dec Wholesale Price Index M/M: +0.3% v -0.6% prior; Y/Y: -1.4% v -2.2% prior
- (FI) Finland Nov Current Account Balance: 430M v 220M prior
- (ES) Spain Dec CPI M/M: 0.1% v 0.0%e; Y/Y: 0.3% v 0.2%e
- (ES) Spain Dec CPI EU Harmonized M/M: 0.0% v 0.0%e; Y/Y: 0.3% v 0.3%e
- (ES) Spain Dec CPI Core M/M: -0.1% v +0.4% prior; Y/Y: 0.2% v 0.4%e
- (EU) ECB 162M borrowed in overnight loan facility vs. 170M prior; 58.6B parked in deposit facility vs. 58.3B prior - Daily Eurosystem Liquidity Conditions
- (CH) Swiss Nov Real Retail Sales Y/Y: 4.2% v 1.7%e
- (NL) Netherlands Nov Trade Balance: 4.2B v 4.2B prior
- (RU) Russia Dec Light Vehicle Car Sales Y/Y: -5.5% v -30%e
- (NO) Norway Dec Trade Balance (NOK): 33.4B v 33.9B prior
- (ZA) South Africa Dec Kagiso Manufacturing PMI: 49.9 v 52.5e
- (BR) Brazil Jan FGV Inflation IGP-10 M/M: 0.6% v 0.6%e
- (EU) Euro Zone Nov Trade Balance Seasonally Adj: 16.0B v 14.8Be v 14.5B prior; Trade Balance Unadj: 16.5Be v 17.2B prior

Fixed Income:
- (EU) EFSF opened its book to sell new 5-year Jan 2019 bond; guidance seen at +8bps over mid-swaps
- (IN) India sold total INR70B vs. INR70B indicated in 3-month and 6-month Bills
- (SE) Sweden sold SEK3.5B vs.SEK3.5B indicated in 4.25% 2019 Bonds; Yield: 1.7080% v 1.6684% prior
- (EU) ECB allotted $0.0M in 7-day Refi Tender at fixed 0.58% vs. $0.0M prior
- (RU) Russia sold RUB1.1B vs. RUB20B indicated in 2020 OFZ Bonds; Yield: 7.46%

Indices [Stoxx50 +0.4%,
FTSE 100 +0.3% at 6,785, DAX +0.8% at 9,615, CAC-40 +0.4% at 4,290, IBEX-35 +0.1% at 10,389, FTSE MIB +0.7% at 19,861, SMI +0.2% at 8,402, S&P 500 Futures +0.1% at 1,835]

Market Focal Points: European equity markets trade at 5.5 year high, European banks gain as Draghi clarifies treatment of sovereign debt in stress tests, French Banks gain amid decision by government to not raise certain savings rates, Burberry gains on better than expected sales, German airlines rise amid speculation that certain night bans could be eased, Upcoming Bank of America earnings , Upcoming Fed Beige Book and commentary from various central bankers (BoE's Carney, Fed's Evans)

By Sector
- Industrials
[Manz Automation M5Z.DE +5% (order update), Finmeccanica FNC.IT +3% (speculation related to IPO for Ansaldo Energia), Akzo Nobel AKZA.NL +1.4% (CFO change); Fenner FENR.UK -6% (cautious outlook)]
- Consumer Discretionary [Burberry BRBY.UK +5% (Q3 sales above ests), H&M HMB.SE +2% (Dec sales above ests), Daimler DAI.DE +1% (broker commentary)]
- Financials [Hargreaves Lansdown HL.UK -3.5% (revised certain management charges)]
- Technology [Wirecard WDI.DE +4% (broker commentary); Ordina ORDI.NL -4% (share placement), CSR CSR.UK -3.5% (share placement)]
- Utilities [E.ON EOAN.DE +1.5% (broker commentary), Centrica CNA.UK -2.5% (broker commentary)]
- Basic Materials/Resources [Anglo American AAL.UK +4% (broker commentary), Salzgitter SZG.DE +2% (broker commentary), K+S SDF.DE +2% (reaffirmed 2013 forecast)]
- Energy [Tullow Oil TLW.UK -1% (issued FY revenue guidance and initial production outlook) ]
- Stoxx50 Sectors [Financials +1%, Utilities +1%, Consumer Cyclical +0.8%, Industrials +0.5%, Telecom +0.3%, Basic Materials +0.1%, Consumer Non-Cyclical flat; Energy -0.3%, Technology -0.1%]

- German Deputy Fin Min Kampeter:
German trade surplus is reason to be glad; criticism is unjustified
- German stats office: Q4 GDP estimated at +0.25% q/q (**Note: Q3 was +0.3%)
- Bank of France proposed cut savings rate (Livret) by 25bps to 1.00% but Fin Min Moscovici stated that it would keep Livret A interest rate at 1.25%
- Russia Central Bank First Deputy Yudaeva stated the country was facing stagnation like other BRICs (India/Brazil). Russian inflation expectations remained high and stressed that it must be anchored at low level. Russia might not completely abandon FX interventions. Says RUB currency already acting in part as reserve currency; China CNY currency was failing to emerge as a reserve currency
- Russia PM Medvedev: Pace of domestic growth is raising concerns
- OECD: Russian economy growing but further reforms needed bolster future growth
- Hungary Central Bank Deputy Gov Balog stated that he saw no deflation in next 18 months and a looser monetary policy for longer period. Output gap remained negative. Fed tapering does not limit Hungary rate cut scope
- Turkey Fin Min Simsek: 2013 GDP growth seen around 4%; Fed tapering and probe of govt increased downside of growth but effects seen limited. Lira currency weakness to help current account deficit
- China's Jan new yuan loans may total above CNY1.0T )**Note: January is typically a high time for lending in China ahead of the Lunar New Year Holiday)
- Indonesia Central bank (BI) Gov Martowardojo: IDR currency (Rupiah) depreciation to impact 2014 core inflation

Currencies/Fixed Income:
- The European session began under the assumption of a strong USD environment following the Tuesday US Retail Sales data. Greenback at 1-week highs among many major pairs. EUR/USD at 1.3620 ahead of the NY morning
- AUD/USD moved lower the past 24 hours from the pivotal 0.9050 area. Aussy weighed down by fresh data from its biggest trade partner. China Dec New Yuan Loans hit a 1-year low
- Emerging market currencies remained under presser as recent US data proving that the soft payroll data might have been a fluke. TRY was back at fresh record lows against the USD near 2.20 while the South African Rand was at fresh 5-year lows as USD/ZAR approached the 11 handle

Political/In the Papers:
- (EU) ECB's Draghi: Sovereign exposures to be included in EU bank stress tests, do not expect sovereign debt portfolios held to maturity to be marked to market in stress tests
- Reports that ECB's AQR will let banks use a simplified, less harsh definition of bad loans (compared to using the EBA's new definitions outlined in Oct)
- (DE) Bundesbank's Lautenschlaeger: Investors should be responsible for losses in the SRM, any public money bail in should be the exception
- (IT) China and Italy signed MOU on Tuesday to increase trade and investment cooperation - China Daily
- (UK) UK Fin Min Osborne to reiterate EU must reform if UK to remain as a member - financial press
- (UK) Head of Labour party Miliband to propose caps on the market share of banks - London Telegraph
- (US) Fed's Plosser (hawk, 2014 voter): In no hurry to increase interest rates assuming unemployment rate hits 6.5%; Weak Dec jobs data should not impact taper
- (US) Fed's Fisher (hawk, 2014 voter): Will continue to support tapering QE bond purchases even if stocks fall, first taper cut should have been around $20B rather than $10B
- (CN) China Central Bank (PBOC) official Sheng: Will not tighten or loosen monetary policy; reiterates will maintain prudent monetary policy stance in 2014 - financial press
- (JP) Bank of Japan (BoJ) is likely to maintain or slightly lift price forecast for FY13/14 and FY14/15 - press

**Looking Ahead***
All times listed for economic events are denominated in Eastern Standard Time (Add 5 hours for GMT equivalent)
- (CH) Swiss government holds regular meeting
- (DE) German Bundesbank Board Member Nagel speaks in Frankfurt
- (EU) EU's Rehn with Eurogroup chief Dijsselbloem with Chinese Officials in Beijing
- (RU) Russia Dec Official Reserve Assets: $512.7Be v $515.6B prior
- (PE) Peru Nov Economic Activity Y/Y: 5.4%e v 5.4% prior
- (PE) Peru Dec Unemployment Rate: No est v 5.8% prior
- (RU) Russia to sell RUB10B in 2016 OFZ Bond
- 05:30 (DE) Germany to sell 5.0B in new 1.0% 2019 BOBLs
- (PT) Portugal Debt Agency (IGCP) to sell 3-month and 12-month Bills
- 06:00 (CZ) Czech Republic to sell 2022 and 2028 Bonds
- 06:00 (EU) EU's Almunia to unveil rule change on risk-finance aid
- 06:00 (ZA) South Africa Nov Constant Retail Sales M/M: +0.7%e v -0.4% prior; Y/Y: 0.9%e v 1.3% prior;
- 06:45 (HU) Hungary Central Bank Gov Matolcsy
- 06:45 (US) Daily Libor Fixing
- 07:00 (UK) PM Cameron question time in House of Commons
- 07:00 (ES) Spain Econ Min De Guindos speaks in Madrid
- 07:00 (US) MBA Mortgage Applications w/e Jan 10th: No est v 2.6% prior
- 07:00 (IE) Ireland Dec Consumer Confidence: No est v 71.0 prior
- 08:00 (PL) Poland Dec CPI M/M: +0.1%e v -0.2% prior; Y/Y: 0.7%e v 0.6% prior
- 08:05 (EU) ECB's Mersch (Luxembourg) speaks in Saarbruecken, Germany
- 08:30 (US) Jan Empire Manufacturing: 3.50e v 0.98 prior
- 08:30 (US) Dec PPI M/M: +0.4%e v -0.1% prior; Y/Y: 1.1%e v 0.7% prior
- 08:30 (US) Dec PPI Ex Food and Energy M/M: 0.1%e v 0.1% prior; Y/Y: 1.3%e v 1.3% prior

- 09:00 (PL) Poland Dec YTD Budget Balance (PLN): No est v -38.5B prior; Budget Balance Performance: No est v 74.7% prior
- 09:00 (BE) Belgium Nov Trade Balance: No est v 197.4M prior
- 09:00 (CA) Canada Dec Existing Home Sales M/M: No est v -0.1% prior
- 09:00 (EU) ESM's Regling speaks at EU Parliament Panel on Troika
- 09:00 (EU) EU Parliament debates entry bids of Serbia, Balkan Neighbors
- 09:15 (UK) BOE Gov Carney, Cunliffe, Furse, and Sharpe Speak in London
- 10:00 (EU) ECB's Mersch (Luxembourg) speaks again in Saarbruecken, Germany
- 10:00 (US) House financial committee hearing on Volker rule
- 10:30 (US) Weekly DOE Crude Oil Inventories
- 11:00 (US. Fed to purchase $4.0-5.0B in Notes
- 11:30 (IL) Israel Dec CPI M/M: +0.2%e v -0.4% prior; Y/Y: 2.0%e v 1.9% prior
- 12:00 (CA) Canada to sell CAD3.4B in 5-Year Bonds
- 12:50 (US) Fed's Evans speaks on Economy in Coralville, Iowa
- 13:00 (US) IMF chief Lagarde speaks at National Press Club
- 14:00 (US) Federal Reserve Beige Book
- 14:00 (AR) Argentina Dec Construction Activity M/M: No est v -1.9% prior; Y/Y: No est v 2.9% prior
- 14:00 (AR) Argentina Dec CPI M/M: 1.0%e v 0.9% prior; Y/Y: 10.5%e v 10.5% prior
- 14:00 (AR) Argentina Dec Wholesale Price Index M/M: No est v 1.2% prior; Y/Y: No est v 14.2% prior
- 16:00 (CO) Colombia Nov Trade Balance: +$83.2Me v -$264.0M prior; Total Imports: $5.3Be v $5.4B prior
- 17:45 (US) Fed's Lockhart speaks to CFA Society of Atlanta
- (BR) Brazil Central Bank (BCB) Interest Rate Decision: Expected to raise the Selic Target Rate by 25bps to 10.25%
- 19:30 (AU) Australia Dec Employment Change: +10.0Ke v +21.0K prior; Unemployment Rate: 5.8%e v 5.8% prior



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 15 Oct 2018
AA 12:30 US- Retail Sales
Tue 16 Oct 2018
AA 08:30 GB- Employment
A 09:00 DE- ZEW Survey
A 13:15 US- Industrial Production
Wed 17 Oct 2018
AA 08:30 GB- CPI
A 09:00 EZ- Final HICP
A 12:30 US- Housing Starts/Permits
A 14:00 US- Existing Homes Sales
A 14:30 US- EIA Crude
AA 18:00 US- Fed Policy Minutes
Thu 18 Oct 2018
A 1:30 AU- Employment
AA 08:30 GB- Retail Sales
A 12:30 US- Weekly Jobless
Fri 19 OCt 2018
AA 12:30 CA- CPI/ Retail Sales

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