User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday February 4, 2014 - 10:41:11 GMT
Trade the News Staff -

Share This Story:
| | Email EU Market Update: Risk aversion theme abated somewhat in the European session; UK PMI Construction data hits fresh 6-year high EU Market Update: Risk aversion theme abated somewhat in the European session; UK PMI Construction data hits fresh 6-year high
Tue, 04 Feb 2014 5:22 AM EST

- Australia Central Bank (RBA) leaves leave Cash Rate Target unchanged at 2.50%, as expected; tweaks language and drops easing bias
- Risk aversion theme abated somewhat in the European session. Dealer rethinking the gloom and noting that stock market retraced 5% of its 30% rally from last year
- UK Jan PMI Construction rebounds to hit a fresh 6-year high

***Economic Data***
- (RU) Russia Jan Reserve Fund: $87.1B v $87.4B prior; Wellbeing Fund: $87.4B v $88.6B prior
- (BR) Brazil Jan FIPE CPI Monthly: 0.9% v 0.9%e
- (ES) Spain Jan Net Unemployment M/M: +113.1K v +100.0Ke
- (EU) ECB 482M borrowed in overnight loan facility vs. 255M prior; 55.9B parked in deposit facility vs. 56.1B prior - Daily Eurosystem Liquidity Conditions
- (HK) Hong Kong Dec Retail Sales Value Y/Y: 5.7% v 7.2%e; Retail Sales Volume Y/Y: 6.1% v 7.3%e
- (IS) Iceland Dec Final Trade Balance (ISK): 4.4B v 4.8B prelim
- (UK) Jan PMI Construction: 64.6 v 61.5e; highest reading since Aug 2007
- (ZA) South Africa Jan SACCI Business Confidence: 90.5 v 91.9 prior
- (EU) Euro Zone Dec PPI M/M: 0.2% v 0.2%e; Y/Y: -0.8% v -0.8%e
- (IT) Italy Jan Preliminary CPI NIC incl. tobacco M/M: 0.2% v 0.1%e; Y/Y: 0.7% v 0.6%e

- (IT) Italy Jan Preliminary CPI EU Harmonized M/M: -2.1% v -2.1%e; Y/Y: 0.6% v 0.6%e

Fixed Income:
- (DK) Denmark sold total DKK3.76B in 2016 and 2023 Bonds
- (CH) Switzerland sold CHF787.9M in 3-month Bills; Avg Yield: -0.107%
- (GR) Greece Debt Agency (PDMA) sold 812.5M vs. 625M indicated in 26-Week Bills; Avg Yield: 4.00% v 4.10% prior; Bid-to-cover: 2.31x v 2.07x prior
- (EU) ECB allotted 95.2B in 7-Day Main Refinancing Tender (Prior 115.6B with 168 bods recd)

Indices [Stoxx50 -0.1%
, FTSE 100 -0.1% at 6,460, DAX -0.7% at 9,122, CAC-40 flat at 4,109, IBEX-35 +0.5% at 9,770, FTSE MIB +0.2% at 18,936, SMI flat at 8,102, S&P 500 Futures +0.5% at 1,742]

- Market Focal Points: Equity markets open lower on negative leads from the US and Asia, DAX underperforms amid cautious broker commentary on Volkswagen, UBS gains on better than expected results and higher dividend, Arm holdings declines amid cautious outlook, BP declines after reporting in line profits, Nikkei ends down 4.2%, Hong Kong's Hang Seng enters correction (Nikkei entered correction yesterday), UK Construction

By Sector
- Consumer Discretionary
[Volkswagen VOW3.DE -2% (broker commentary); Trinity Mirror TNI.UK +6% (raised outlook)]
- Industrials [Lanxess LXS.DE +1% (broker commentary)]
- Financials [UBS UBSN.CH +3% (Q4 profits above ests, raised dividend)]
- Telecom [KPN KPN.NL -1.5% (Q4 results below ets)]
- Technology [Arm Holdings ARM.UK -4% (slowing royalty Rev growth, cautious outlook)]
- Energy [Vestas Wind VWS.DK -4% (share offering), BP BP.UK -1% (Q4 results in line); Neste Oil NES1V.FI +8% (Q4 profits above ests)]
- Stoxx50 Sectors [Basic Materials -1%, Consumer Non-Cyclical -0.9%, Consumer Cyclical -0.7%, Technology -0.5%, Energy -0.4%, Industrials -0.3%, Telecom -0.1%; Financials +0.5%, Utilities +0.3%]

- ECB's Visco
(Italy) commented that the AQR was an opportunity for Italian banking sector
- Spain Deputy Labor Min: Jobless data confirms country nascent recovery
- IMF Romania mission Chief Scharechter stated that it had reached staff level agreement with Romania. Forecasted 2014 GDP growth at 2.2% vs. 2.8% seen in 2013. Forecasted 2014 inflation above 2.5%
- Sweden Trade Min Bjoerling stated that the country's exporters had no currency concerns
- Sweden Central Bank (Riksbank) Business Survey saw no clear signs of any rapid recovery is underway and hoped for a cleaner turnaround in summer
- Finland Finance Ministry said to be preparing law of mortgage cap from July 2016 at 90% of asset market value. It added that Finland's housing market showing no signs of overheating
- German DIHK Chamber of Commerce Annual Economic Survey raised its 2014 GDP growth forecast to 2.0% from 1.7% . It noted that its survey of more than 27K companies showed business expectations were the strongest in 2 1/2 years.
- Ukraine lawmakers will not vote on early Parliamentary elections
- Japan Chief Cabinet Sec Suga stated that BOJ was paying close attention to market moves. Uncertainty on US economy and emerging markets were the background of recent moves in stock prices
- Philippines Econ Planning Sec Baliscan stated that Q1 GDP growth was seen faster than the 6.5% registered in Q4. Reconstruction of typhoon-affected areas and a rebound in exports and govt spending to boost economy in Q1

Currencies/Fixed Income:
- Risk aversion theme abated somewhat in the European session following the recent disappointing data releases out of US and China. Following the Nikkei close at a 4-month low some analysts noted that BOJ would likely buy ETFs to keep the 225 Index above 14,000. The USD/JPY moved off its 2-month low of 100.73 to regain a footing above 101.30. The EUR/USD pair also steadied in the session around the 1.3500 area.
- The GBP currency found reprieve in a better PMI Construction data, which hit a six-year high in its Jan reading. GBP/USD retraced its session losses to firm by 0.2% above 1.6330.
- Emerging market currencies also stabilized with ZAR, HUF, INR all slightly firmer in the session.
- RBA abandoned easing bias in its post rate decision statement which sent the AUD currency sharply higher to a 3-week high as participants scrambled in a short covering rally. RBA also dropped the language referring to AUD as "uncomfortably high"

Political/In the Papers:
- (EU) ECB's Draghi reportedly looking for support from Germany in the bond sterilization debate - financial press
-IMF Chief Lagarde: Calls for greater central bank coordination; global financial integration can make crisis more frequent, more damaging
- (US) Fed's Fisher (hawk, FOMC voter): Current decline in the equity markets should not deter the Fed from the taper of asset purchases

**Looking Ahead***
All times listed for economic events are denominated in Eastern Standard Time (Add 5 hours for GMT equivalent)
- (IR) Iran nuclear program hearing
- (EU) EU single resolution mechanism (SSM) incoming chief Nouy
- (RO) Romania Central Bank Interest Rate Decision: Expected to cut Interest Rate by25bps to 3.50%
- (RO) Romania Central Bank Gov Isarescu post rate decision press conference
- (BR) Brazil Dec CNI Capacity Utilization: No est v 82.0% prior
- (PL) Poland Finance Ministry announces Feb issuance
- (AT) Austria Debt Agency (AFFA) to sell 1.21B indicated in 2018 and 2062 bonds
- 05:30 (BE) Belgium Debt Agency to sell up to 2.8B in 3-Month and 6-Month Bills
- 05:30 (UK) DMO to sell 4.0B in 1.75% 2019 Gilts
- 05:30 (HU) Hungary Debt Agency (AKK) to sell 3-Months Bills

- 06:00 (NO) Norway Central Bank (Norges) Vikoeren speaks at Oslo Seminar ...
- 06:00 (TR) German Chancellor Merkel with Turkey PM Erdogan
- 06:00 (BR) Brazil Dec Industrial Production M/M: -1.7%e v -0.2% prior; Y/Y: -0.1%e v +0.4% prior
- 06:00 (EU) OECD Dec Annual Inflation: No est v 1.5% prior
- 06:30 (EU) ESM to sell up to 3.0B in 3-month Bills
- 06:45 (US) Daily Libor Fixing
- 07:00 (EU) ECB 7-day Term Deposit Tender to offset govt bond purchases under SMP program; to drain 175.5B
- 07:45 (US) Weekly ICSC Chain Store Sales
- 08:30 (US) Fed's Lacker speaks on the Economy in Winchester, Virginia
- 08:55 (US) Weekly Redbook Retail Sales
- 09:00 (EU) Weekly ECB Forex Reserves
- 09:45 (US) Jan ISM New York: No est v 63.8 prior
- 10:00 (US) Dec Factory Orders: -1.8%e v 1.8% prior
- 10:00 (US) Dec Durable Goods revisions
- 10:00 (US) Feb IBD/TIPP Economic Optimism: 44.5e v 45.2 prior
- 10:00 (MX) Mexico Dec Total Remittances: $1.8Be v $1.7B prior
- 10:00 (DK) Denmark Jan Foreign Reserves (DKK): 482.9Be v 485.9 prior
- 10:30 (UK) BOE's Haldane in Oxford
- 10:30 (UK) DMO to announce size of upcoming Gilts (0.125% I/L 2024 Gilt and 3.75% 2052 Gilt)
- 11:30 (US) Treasury to sell $30B in 4-Week Bills
- 12:30 (US) Fed's Evans speaks on Monetary Policy in Detroit
- 13:00 (MX) Mexico Jan IMEF Manufacturing Index: 50.9e v 50.3 prior; Non-Manufacturing Index: 52.1e v 53.2 prior
- 13:00 (MX) Mexico Jan IMEF Manufacturing Index Unadj: No est v 49.8 prior; Non-Manufacturing Index Unadj: No est v 54.7 prior
- 16:00 (CO) Colombia Jan PPI M/M: No est v 0.1% prior; Y/Y: No est v -0.5% prior
- 16:30 (US) Weekly API Crude Oil Inventories
- 16:45 (NZ) New Zealand Q4 Unemployment Rate: 6.0%e v 6.2% 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 12 Nov 2018
AA CA/US Holiday
Tue 13 Nov 2018
AA 09:30 GB- Employment
A 09:00 DE- ZEW Survey
Wed 14 Nov 2018
AA 09:30 GB- CPI
AA 09:30 EZ- GDP
A 14:30 US- EIA Crude
Thu 15 Nov 2018
A 01:30 AU- Employment
AA 09:30 GB- Retail Sales
A 12:30 US- Weekly Jobless
Fri 16 Nov 2018
AA 10:00 EZ- Final HICP
A 14:15 US- Ind Prod/Cap Util

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