User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday January 16, 2014 - 07:13:53 GMT
Trade the News Staff - www.tradethenews.com/freetrial.asp?gv

Share This Story:
| | Email

TradeTheNews.com Asian Market Update: AUD sinks to multi-year lows on sharp decline in Australia employment; China FDI returns to growth in 2013 - Source TradeTheNews.com

(BR) BRAZIL CENTRAL BANK (BCB) RAISES SELIC TARGET RATE BY 50BPS TO 10.50%, MORE THAN 25BPS EXPECTED >- (AU) AUSTRALIA DEC EMPLOYMENT CHANGE: -22.6K V +10.0KE (largest decline in 9 months); UNEMPLOYMENT RATE: 5.8% V 5.8%E - (AU) AUSTRALIA DEC RBA FX TRANSACTIONS (A$): 884M V 444M PRIOR - (CN) CHINA DEC ACTUAL FOREIGN DIRECT INVESTMENT (FDI) Y/Y: 3.3% V 2.4% PRIOR; 2013 Y/Y: +5.3% V -3.7% Y/Y - (JP) JAPAN NOV TERTIARY INDUSTRY INDEX M/M: 0.6% V 0.7%E (highest level in 3 months) - (JP) JAPAN DEC DOMESTIC CGPI M/M: 0.3% V 0.3%E; Y/Y: 2.5% V 2.6%E (9th consecutive rise) - (JP) JAPAN NOV MACHINE ORDERS M/M: 9.3% (6-month high) V 1.1%E ; Y/Y: 16.6% V 11.7%E - (IN) India Dec Conference Board Leading Economic Index m/m: +0.1% v -1.1% prior - (NZ) NEW ZEALAND ANZ TRUCKOMETER HEAVY M/M: 1.4% V -2.0% PRIOR - (UK) UK DEC RICS HOUSE PRICE BALANCE: 56% V 60%E (3-month low) ***Observations/Insights*** - Australia employment fell by the biggest amount in 9-months. Unemployment rate remained unchanged at 5.8% but only because of declining participation rate, which fell 2bps to 64.6% - a 7-year low. Decline in employment effectively brings back the possibility of further RBA easing, particularly as some of the more recent housing data show signs of deceleration. - China released its foreign direct investment (FDI) figures showing a rebound in 2013 at 5.3% after a 2012 contraction. Dec pace of growth also accelerated from prior month. Separately, China MOFCOM warned 2014 may bring "severe challenges" in the trade sector, since global recovery has not stabilized. Higher costs, liquidity shortages, base effects and competition were specifically attributed to expectations of a choppy trade activity in Q1. - BOJ Kuroda said the central bank will continue easing until 2% inflation is stable. Separately, Japanese press speculated the cabinet office will raise its economic assessment for the first time in 4 months. ***Fixed Income/Commodities/Currencies*** - (CN) PBoC won't conduct open market operations (OMO) in today's session (7th consecutive session of halted operations); Zero net position this week v zero in prior week - (JP) BOJ offers to buy 250B in 1-3yr JGB, 250B in 3-5yr JGB, 200B in JGB with maturity over 10-yr, and 100B in corporate bonds - AUD was in the spotlight following the release of much worse than expected employment data out of Australia. AUD/USD fell just over 100pips below the $0.88 handle - its lowest level since Jul 2010 - while AUD/NZD hit fresh 8-year lows below NZ$1.06. NZD/USD was also initially lower after Aussie jobs, falling some 30pips below $0.8310. EUR/USD reversed its initial decline below $1.3590 to test above $1.3620, and USD/JPY backed away from the 105 handle in the afternoon session to fall below 104.70. ***Speakers/Political/In the Papers*** - (CN) China Commerce Ministry (MOFCOM) Sheng: Expects severe challenges for trade in 2014 - financial press - (CN) China to begin birth policy reform plans as soon as March - Chinese press - (CN) Shanghai may order vehicles off road under "severe" air pollution conditions as part of the new monitoring system - financial press - (CN) Bernstein: PBoC to maintain tighter monetary policy in H1 to curb shadow banking - financial press - (JP) BOJ Gov Kuroda: Domestic economy has been recovering moderately; expects recovery even with sales tax increase - (JP) Japan cabinet office to raise economic assessment in Jan (1st time in 4 months) - Nikkei News - (AU) Westpac senior FX strategist Callow: Still expects RBA to keep policy rates on hold next month despite weak employment data; Likely to retain a mild easing bias - SMH - (US) Fed's Lockhart (moderate, FOMC alternate): Sees US inflation to rise toward 2% goal - (US) House of Representatives passes $1.1T omnibus spending bill to keep govt funded through Sept 30th, as expected ***Equities*** Market Snapshot (as of 04:30 GMT): - Nikkei225 +0.1%, S&P/ASX +1.0%, Kospi +0.3%, Shanghai Composite flat, Hang Seng +0.3%, Mar S&P500 +0.1% at 1,843, Feb gold +0.2% at $1,241, Feb crude oil -0.2% at $94.17/brl US markets: - ZOOM: Discloses entry into LOI with Tinho Union Holding Group to acquire all the issued and outstanding shares of Tinho - filing; +45.6% afterhours - SRPT: Eteplirsen Demonstrates Continued Stability on Walking Test through 120 Weeks in Phase IIb Study in Duchenne Muscular Dystrophy; +17.4% afterhours - RIO: Reports Q4 Iron ore output 70.4M tons (record), +3% q/q, +6% y/y - FUL: Reports Q4 $0.68 adj v $0.76e, R$533.5M v $526Me; -0.1% afterhours - YHOO: COO Henrique de Castro to leave the company on Jan 16th - filing; -0.2% afterhours - AMZN: Workers at fulfillment center in Delaware vote against unionization - JCP: Announces strategic initiative to advance turnaround; will close 33 underperforming stores, cutting 2K positions (1.7% of workforce); -0.3% afterhours - CEC: Said to be acquired by Apollo Global for around $1B - FT - TWC: Charter said to have approached Comcast regarding possible cooperation on Time Warner bid - financial press; -0.6% afterhours - CSX: Reports Q4 $0.42 v $0.43e, R$3.03B v $3.01Be; -3.2% afterhours - AMRN: Announces FDA Review Division Response on ANCHOR SPA Agreement Reinstatement Request Will Be Delayed (delayed a 2nd time); -7.5% afterhours Notable movers by sector: - Consumer Discretionary: Lanzhou Minbai Shareholding Group 600738.CN +3.6% (FY13 guidance); Playmates Toys 869.HK -10.9% (FY13 guidance); Tsui Wah Holdings 1314.HK -4.6% (shareholders cut stake) - Financials: Wedge Industrial 000534.CN +3.2% (FY13 guidance) - Materials: Yueyang Forest & Paper 600963.CN +2.6% (FY13 guidance); Jiaozuo Wanfang Aluminum Manufacturing 000612.CN +1.6% (FY13 guidance); Rio Tinto RIO.AU +2.1%, BHP Billiton BHP.AU +2.3%, Fortescue Metals Group FMG.AU +3.4% (Rio Tinto Q4 production results) - Technology: Unilumin Group 300232.CN +10.0% (FY13 guidance); Guangzhou Hongli Opto-Electronic 300219.CN +5.9% (FY13 guidance); Tencent Holdings 700.HK +2.9%, South China City Holdings +54.8% (Tencent and South China City enters into investment agreement) - Energy: Woodside Petroleum WPL.AU +2.5% (Q4 results) - Industrials: XJ Electric 000400.CN +2.1% (FY13 guidance); Shuangliang Eco-Energy Systems 600481.CN +3.9% (FY13 guidance); Shanghai Hanbell Precise Machinery 002158.CN +5.1% (FY13 guidance); - Healthcare: Guangdong Jiaying Pharmaceutical 002198.CN +2.2% (proposes special dividend) - Utility: TEPCO 9501.JP +0.6% (announces 10-yr turnaround business plan) - 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