User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday January 31, 2014 - 16:56:59 GMT
Trade the News Staff -

Share This Story:
| | Email US Market Update: Contrasting US and Eurozone Inflation Reports Shakes Up Markets US Market Update: Contrasting US and Eurozone Inflation Reports Shakes Up Markets
Fri, 31 Jan 2014 11:25 AM EST

***Economic Data***
- (IN) India Forex Reserves w/e Jan 25th: $292.2 v $292.1B
- (IN) India Q1 GDP Annual Gov't Estimate Y/Y: 4.5% v 6.7% prior
- (ZA) South Africa Dec Trade Balance (ZAR): 2.8B v 3.0Be
- (CL) Chile Dec Unemployment Rate: 5.7% v 5.7%e
- (RU) Russia 2013 Annual GDP Y/Y: 1.3% v 1.5%e
- (BR) Brazil Dec Nominal Budget Balance (BRL): -13.6B v -14.0Be; Primary Budget Balance: 10.4B v 11.; Net Debt to GDP Ratio: % v 34.0%e
- (PL) Poland Central Bank (NBP) Jan Inflation Expectations Survey: 0.5% v 0.8%e
- (US) Dec Personal Income: 0.0% v 0.2%e; Personal Spending: 0.4% v 0.2%e
- (US) Dec PCE Deflator M/M: 0.2% v 0.2%e; Y/Y: 1.1% v 1.1%e
- (US) Dec PCE Core M/M: 0.1% v 0.1%e; Y/Y: 1.2% v 1.2%e
- (US) Q4 Employment Cost Index: 0.5% v 0.4%e
- (CA) Canada Nov GDP M/M: 02% v 0.2%e; Y/Y: 2.6% v 2.6%e
- (US) Jan Chicago Purchasing Manager: 59.6 v 59.0e
- (US) Jan Final University of Michigan Confidence: 81.2 v 81.0e
- (MX) Mexico Central Bank (Banxico) leaves Overnight Rate unchanged at 3.50%, as expected

- Yesterday's US equity gains vanished in the premarket as weak Eurozone inflation and unemployment reports knocked over equities on the continent. Indices have ramped upwards midway through the US morning but remain pretty deep in the red. The DJIA is down 0.88%, the S&P500 is down 0.49% and the Nasdaq is down 0.60%.

- The Fed's favored measure of inflation inched higher in December data published this morning. The core PCE price index rose 0.1% from a month earlier, bringing the y/y core inflation rate to 1.2% from 1.1%. The core measure remains well short of the Fed's 2.0% inflation target. December personal spending grew by about twice the expected amount, however incomes remained flat. The modestly strong report helped strengthen the greenback and contrasted very sharply with the eurozone's continuing disinflation.

- The very low January Eurozone flash January CPI reading continues to reverberate through markets. Headline inflation was 0.7%, matching the four-year low seen in October. The ECB has vocally dismissed arguments that Europe is facing deflation, however the bank cut rates by 25 bps in the wake of the October CPI data. This morning analysts are gaming another ECB cut with the bank's main refi rate at a mere 0.25%. RBS forecasted another 15 bps cut while Deutsche Bank called for a 5-20 bps cut. After fighting to hold the 1.3550 level through the overnight hours, EUR/USD slipped to 1.3480 as of 10:00ET, its lowest level since last November, before bouncing a bit higher. After the contrasting US and Eurozone inflation reports, the US-German 2-year spread is at six-month highs, at a little more than 26 bps.

- Walmart cut it Q4 and FY14 guidance to "slightly below" the low end of its prior ranges. The firm's outlook for Q4 SSS was bumped lower to slightly negative from flat. The retailer blamed cold, heavy winter storms and a steeper-than-expected impact from the reduction in certain welfare payments (namely SNAP, the government's Supplemental Nutrition Assistance Program). Shares of WMT lost around 2% in the premarket, but have regained some ground in the early going.

- Microsoft is being watched very closely for more news on the CEO succession process. Yesterday morning, tech blogs reported that the search for a new chief could come to an end this week, with VP of Cloud and Enterprise Satya Nadella seen as the most likely candidate. There were also reports that the board may replace Bill Gates as chairman.

- Amazon is giving the market a huge headache this morning. After several quarters of tiny or zero profits, the firm earned $510M in its fourth quarter with decent margins but its headline earnings and revenue missed tough consensus expectations. The high end of Amazon's first quarter guidance range met estimates but the bottom end was well short, although this is the firm's standard practice. Shares of AMZN tanked 10% in post-market trading and have gained slightly to -8.8% in the early going.

- Google is up 3.4% or so in the early going. The firm more or less met revenue expectations in its fourth quarter, on a solid 31% increase in paid clicks, but profits were a bit short. The firm disclosed the flagging revenue performance of its Motorola unit, including y/y revenue declines and continued operating losses.

- Much like Exxon and Conoco yesterday, Chevron's revenue performance in its fourth quarter was disappointing. Production levels, upstream earnings and downstream earnings all declined y/y. Profits fell more than 30% y/y. Even worse, initial FY14 production guidance was a mere 0.5% above FY13 levels. Shares of CVX are down 3.7%.

***Looking Ahead***
- 13:00 (CO) Colombia Central Bank Interest Rate Decision: Expected to leave Overnight Lending Rate unchanged at 3.25%
- 14:00 (AR) Argentina Dec Construction Activity M/M: No est v -1.9% prior; Y/Y: No est v 2.9% prior
- 19:00 (KR) South Korea Jan Trade Balance: $1.4Be v $3.7B prior; Exports Y/Y: 1.5%e v 7.1% prior; Imports Y/Y: -2.0%e v +3.0% prior
- 20:00 (CN) Chile Jan Manufacturing PMI: 50.5e v 51.0 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 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