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Wednesday February 19, 2014 - 07:02:39 GMT
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TradeTheNews.com Asian Market Update: China stocks rebound as money market rates fall; All eyes on tomorrow's flash PMI - Source TradeTheNews.com

(JP) JAPAN DEC ALL INDUSTRY ACTIVITY INDEX M/M: -0.1% V +0.1%E - (JP) JAPAN DEC FINAL LEADING INDEX CI: 111.7 V 112.1 PRELIM; COINCIDENT INDEX: 111.7 V 111.7 PRELIM - (JP) JAPAN JAN NATIONWIDE DEPT STORE SALES Y/Y: 2.9% V 1.7% PRIOR; TOKYO DEPT STORE SALES: 5.4% V 3.6% PRIOR - (AU) AUSTRALIA Q4 WAGE COST INDEX Q/Q: 0.7% V 0.6%E; Y/Y: 2.6% V 2.5%E - (AU) AUSTRALIA JAN SKILLED VACANCIES M/M: 1.4% V 1.7% PRIOR - (AU) AUSTRALIA JAN WESTPAC LEADING INDEX M/M: -0.2% (largest decline since Oct 2011) v +0.1% PRIOR - (AU) AUSTRALIA DEC CONFERENCE BOARD LEADING INDEX M/M: 0.8% V 0.1%E (23-month high) - (KR) SOUTH KOREA Q4 SHORT-TERM EXTERNAL DEBT: $112.8B V $111.5B PRIOR - (CL) CHILE CENTRAL BANK CUTS OVERNIGHT RATE TARGET BY 25BPS TO 4.25%; AS EXPECTED ***Highlights/Observations/Insights*** - Australia earnings season rolls on with a H1 miss from Fortescue Metals coming after a strong set of numbers from BHP; Woodside Petroleum earnings and sales also slide; Both FMG and WPL affirmed FY14 production outlook. - Ukraine opposition emboldened by support from the West after meeting with Merkel; Clashes with security forces escalate into the night with about 20 killed and hundreds injured; Several deaths also reported from rising political tensions in Thailand. - Shanghai reverses yesterday's selloff, rising by over 1% going into the final hour of the session; Traders are relieved to find overnight shibor rates at multi-month lows despite the PBoC draining liquidity through repos in its first open market operation of the week yesterday; Sentiment should remain fickle, with expectations for HSBC Flash manufacturing PMI data on tap for tomorrow to show further contraction. - Nikkei pares outsized gains after yesterday's BOJ decision. A number of analysts saw the expansion in the fixed-rate scheme as a "warning shot" that the BOJ would not wait to assess the impact of sales tax hike before easing further, however influential economic adviser Hamada hinted that only a "serious" BOJ would produce meaningful economic growth. USD/JPY saw its session lows below 102.15 just after the Hamada comments. ***Fixed Income/Commodities/Currencies*** - (CN) Daily Shibor fixings: O/N: 2.4030% v 2.6800% prior (7th consecutive decline, lowest since May 14th) - JGB: (JP) Japan's MoF sells 1.10T in 1.6% (1.6% prior) 20-year JGBs; Avg yield: 1.459% v 1.538% prior; bid-to-cover: 3.67x v 5.32x prior - (AU) Australia MoF (AOFM) sells A$800M in 3.25% 2025 Bonds; avg yield: 4.2344%; bid-to-cover: 4.63x - (NZ) Fonterra Global Dairy Trade auction: Dairy Trade price index -1.2% from prior auction; First decline in 3 auctions and biggest decline in 7 auctions - USD/CNY: (CN) PBoC sets yuan mid point at 6.1103 v 6.1073 prior setting (Weakest setting since Jan 22nd) ***Speakers/Political/In the Papers*** - (CN) Follow-up: Jilin Trust said to have missed a payment on a trust tranche due today; Trust tranche in the amount of about CNY100M - Chinese press - (CN) Former World Bank chief economist Justin Lin: China economic slowdown largely due to external and cyclical factors; China can meet 7-8% GDP in the coming years - financial press - (CN) China Banking Regulatory Commission (CBRC) Chairman Shang: China should boost credit risk control on LGFV; overall risks for banks manageable - People's Daily - (CN) China National Development and Reform Commission (NDRC): China Jan crude oil production 17.77Mt, +0.4% y/y - financial press - (CN) China big four banks new loans CNY170B in Feb 1st-16th - financial press - (CN) Shanghai Stats Bureau: Shanghai Jan trade volume rose 16.5% y/y vs national average of 10.3% due to the start of Shanghai free trade zone - Shanghai Daily - (JP) Japan BOJ Gov Kuroda: Aims to put downward pressure on bond yields - addressing parliament - (JP) Japan PM Abe's Econ Adviser Hamada: Monetary policy can boost Japan growth if BOJ is serious on the policy - (UR) Follow-up: Ukraine's opposition leader Klitschko: Talks with Pres Yanukovych have failed to bring a solution and end violence in Kiev - financial press ***Equities*** Market Snapshot (as of 04:30 GMT): - Nikkei225 -0.8%, S&P/ASX +0.2%, Kospi -0.5%, Shanghai Composite +0.6%, Hang Seng flat, Mar S&P500 -0.1% at 1,835, Apr gold -0.6% at $1,316, Mar crude oil +0.3% at $102.71/brl US markets: - COLM: Reports Q4 $1.05 v $0.89e, R$533M v $497Me; Raises quarterly dividend 12% to $0.28 from $0.25; +7.1% afterhours - CF: Reports Q4 $5.71 v $4.38e, R$1.33B v $1.24Be; +4.7% afterhours - NBR: Reports Q4 $0.26 adj v $0.20e, R$1.61B v $1.54Be; +2.6% afterhours - HLF: Reports Q4 $1.28 adj v $1.24e, R$1.27B v $1.24Be; +1.6% afterhours - FLR: Reports Q4 $1.01 v $0.98e, R$6.29B v $6.75Be; +0.1% afterhours - PNRA: Reports Q4 $1.96 v $1.95e, R$662M v $664Me; -1.4% afterhours - CYH: Reports Q4 $0.49 (ex items) v $0.69e, R$3.23B v $3.22Be; -1.9% afterhours - TEX: Reports Q4 $0.65 adj v $0.49e, R$1.81B v $1.81Be - filing; -3.5% afterhours - QCOM, IDCC: Follow-up: China National Development and Reform Commission (NDRC): Investigation into Qualcomm still at initial stage; Currently studying IDC's request to suspend the investigation - Q&A from news conference Notable movers by sector: - Consumer Discretionary: Bega Cheese BGA.AU +4.9% (H1 results); Jiahua Stores Holdings 602.HK -2.5% (profit warning); Southern Cross Austereo SXL.AU -7.8% (H1 results) - Financials: Bank of Beijing 601169.CN +4.8% (cooperation with Xiaomi); WesFarmers Limited WES.AU -0.8% (H1 results); CITIC Securities 6030.HK -2.0% (trading system crash in today's session); Macau Legend Development 1680.HK -5.8% (FY13 results) - Materials: Fortescue Metals Group FMG.AU -1.3% (H1 results); Toll Holdings TOL.AU -5.0% (H1 results); Ausenco Ltd AAX.AU -8.5% (FY13 results); Mount Gibson Iron MGX.AU -15.4% (H1 results) - Energy: Woodside Petroleum WPL.AU -0.9% (FY13 results); China Shenhua Energy 1088.HK -1.9% (Jan coal output); Anhui Tianda Oil Pipe 839.HK +14.4% (positive profit alert) - Industrials: Hengxin Technology 1085.HK +47.5% (FY13 results); Ridley Corp RIC.AU +3.7% (H1 results); Cathay Pacific Airways 293.HK -2.0% (crew and passengers hurt in severe turbulence) - Technology: Canon Inc 7751.JP +2.2% (shares repurchase plan); China Haisum Engineering 002116.CN +3.0% (prelim FY13 results) - Source TradeTheNews.com

 

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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.

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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."



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Amazing Trader EVENT RISK Calendar:


Mon 20 Nov
14:00 EZ- Draghi Speech
15:00 US- Leading Indicators
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

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  • POTENTIAL PRICE RISK: HIGH Mon -- 14:00 GMT EZ- Draghi speaks in Brussels. Looking for any policy hints or bias


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  • 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
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John M. Bland, MBA
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EXCLUSIVE: Global-View Daily Trading Chart Points Updated

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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.

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