User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday March 7, 2014 - 11:01:48 GMT
Trade the News Staff - www.global-view.com/forex-services/TTN/

Share This Story:
| | Email

TradeTheNews.com EU Market Update: Markets await US payrolls; Russia admits different view on Ukraine situation

TradeTheNews.com EU Market Update: Markets await US payrolls; Russia admits different view on Ukraine situation
Fri, 07 Mar 2014 5:23 AM EST

***Notes/Observations***
- (RU) White House: During the phone conference, US President Obama and Japan PM Abe agreed Russia's actions are threat to international peace and security
- (US) Coupons.com, COUP: Prices upsized 10.5M share (10M prior) IPO at $16/share, above the expected pricing range of $12-14/share
- (EU) Fitch: affirms ESM at AAA; outlook stable
- (UK) UK Fin Min Osborne expected to have to deal with a 20B hole in the budget; will present annual budget on March 19th - FT
- (DE) Fraport beats estimates, but guides FY14 to see net slightly higher y/y, while expecting EBITDA and Rev to be lower.
- (IT) Telecom Italia fails to meet expectations on both FY13 and Q4, suspends dividend, to buyback 500M in bonds
- (ES) Spain Econ Min Latorre: GDP seen between 0.4-0.5% in quarters leading to end of year
- (HK) Hanhua Financial is delaying $367M IPO in Hong Kong due to weak demand
- (GR) Greece's Eurobank and Alpha Bank may be able to return to the capital markets after release of stress test results - Greek Press
- (CN) PBoC Dep Gov Yi Gang (also head of FX regulator SAFE): Reiterates view to maintain Yuan exchange rate basically stable; Two-way fluctuation depends on market situations
- (CN) China's Chaori Solar failed to make an interest payment making it's the first ever China corporate bond default (**Note: Market began in 1997)
- (US) Any disappointment in the March Non-Farm payroll data likely to be shrugged off on weather-related factors.

***Equities***
Market Focal Points: European equity markets trade mostly lower ahead of US payrolls data and as dealers assess Thursday's ECB statement, DAX underperforms

- Indices [Stoxx50 -0.5%, FTSE 100 -0.4% at 6,760, DAX -0.9% at 9,455, CAC-40 -0.3% at 4,402, IBEX-35 -0.1% at 10,288, FTSE MIB -0.3% at 20,779, SMI -0.5% at 8,447, S&P 500 Futures flat at 1,877]

***By Sector***
Consumer Discretionary [Fraport FRA.DE -1% (FY EBITDA below ests); Air France AF.FR +3% (Feb traffic +1.8%), AGA Rangemaster AGA.UK +3% (FY profits rose y/y)]
Energy [Fugro FUR.NL -6% (FY results below ests)]
Healthcare [Getinge GETIB.SE -15% (profit warning)]
Telecom [Telecom Italia TIT.IT, moved between gains and losses following earnings report]]
Stoxx50 sectors [Industrials -0.9%, Technology -0.8%, Telecom -0.5%, Consumer Non-Cyclical -0.5%, Consumer Cyclical -0.4%, Energy -0.3%, Financials -0.2%, Basic Materials -0.2%, Utilities -0.2%]

***Currencies/Fixed Income***
- The USD maintained a soft tone heading into the March non-farm payroll data. .
- The EUR/USD continued to seek out fresh 3-month highs with key resistance remaining at the six-year downtrend line of 1.3890 (data points also corresponds to 2013 high at 1.3893). Various analysts push back their views on any potential ECB action following the disappointment from Thursday's Draghi press conference. Excess liquidity in the Euro Zone was at 112B, lowest since Dec 2011
- Verbal intervention having less of an impact on the AUD currency. RBA Gov Stevens: reiterated his view that AUD currency above 90 US cents was too high under RBA's assessment. AUD/USD above 0.91 as markets taunting the central bank to back up its words with action
- European bond yields moved higher as the ECB meeting dampens hope for full blown QE later in the year

***Key Economic Data***
- (UK) Feb BoE/GfK Inflation Next 12 Months: 2.8% v 3.6% prior
- (DE) Germany Jan Wholesale Prices M/M: -0.1% v +0.3% prior; Y/Y: -1.7% v -1.3% prior
- (IT) Italy Jan PPI M/M: -0.2% v -0.1% prior; Y/Y: -1.7% v -2.1% prior
- (NO) Norway Jan Industrial Production M/M: 1.1% v 0.5% prior; Y/Y: +2.5 v -2.2% prior

***Looking Ahead***
- 06:00 (DE) Germany Jan Industrial Production M/M: +0.8%e v -0.6% prior; Y/Y: 3.9%e v 2.6% prior
- 08:30 (US) Feb Change in Nonfarm Payrolls: +150Ke v +113K prior; Change in Private Payrolls: +152Ke v +142K prior; Change in Manufacturing Payrolls: +5Ke v +21K prior
- 08:30 (US) Feb Unemployment Rate: 6.6%e v 6.6% prior; Underemployment Rate: No est v 12.7% prior; Change in Household Employment: No est v +638K prior; Labor Force Participation: No est v 63.0% prior
- 08:30 (US) Feb Average Hourly Earnings M/M: 0.2%e v 0.2% prior; Y/Y: 2.0%e v 1.9% prior; Average Weekly Hours: 34.4e v 34.4 prior
- 08:30 (US) Jan Trade Balance: -$38.5Be v -$38.7B prior
- 08:30 (CA) Feb Net Change in Employment: +15.0Ke v +29.4K prior; Unemployment Rate: 7.0%e v 7.0% prior; Full Time Employment Change: No est v 50.5 prior; Part Time Employment Change: No est v -21.1 prior; Participation Rate: 66.4%e v 66.3% prior; Labor Productivity Q/Q: 0.6%e v 0.2% prior
- 15:00 (US) Jan Consumer Credit: $14.0Be v $18.8B 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.com


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.


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.

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