User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday March 18, 2014 - 05:15:52 GMT
Trade the News Staff - www.tradethenews.com/freetrial.asp?gv

Share This Story:
| | Email

TradeTheNews.com Asian Market Update: AUD hits $0.91 as RBA minutes appear to rule out more easing; China property price growth slows further - Source TradeTheNews.com

- (CN) China Feb Net Forex Purchases: CNY128.3B v CNY437.4B m/m - (CN) CHINA FEB NEW HOME PRICES M/M: PRICES RISE IN 57 OF 70 CITIES V 62 PRIOR; Y/Y: PRICES RISE IN 69 OF 70 CITIES V 69 PRIOR - (CN) CHINA FEB ACTUAL FOREIGN DIRECT INVESTMENT (FDI) YTD: 10.4% V 16.1% PRIOR - (AU) RESERVE BANK OF AUSTRALIA (RBA) MAR MEETING MINUTES: RATES LIKELY STABLE IF ECONOMY EVOLVES BROADLY AS EXPECTED Market Snapshot (as of 03:30 GMT): - Nikkei225 +1.1%, S&P/ASX +0.5%, Kospi +0.4%, Shanghai Composite +0.1%, Hang Seng +0.4%, Jun S&P500 +0.1% at 1,853, Apr gold -0.9% at $1,360, Apr crude oil -0.1% at $97.99/brl ***Highlights/Observations/Insights*** - A wide gap among analysts related to expectations for the next RBA policy move is likely to be narrowed after the most recent set of the central bank's meeting minutes that showed even greater commitment to keeping rates steady. Whereas the more dovish contingent - expecting as many as 2 more rate cuts this year - was quick to dismiss the most recent uptick in employment data as an result of a sampling adjustment, today's minutes will make it more difficult to keep that forecast. RBA specifically noted "further signs that low interest rates were providing support to activity", pointing to "improved economic conditions evident across a range of household and business indicators." RBA also said the subdued labor market is consistent with the usual lag in economic activity. Moreover, RBA was increasingly more focused on the property sector, with the minutes showing the discussion of macroprudential tools used by other countries (i.e. LVR in New Zealand) and their applicability in Australia. AUD/USD briefly rose above the $0.91 handle (1-week high) after the release of the minutes before retreating to $0.9080's. - China property names were softer despite the bid in the broader indices, weighed down by fresh evidence of a slowdown in housing prices. In February, M/M prices rose in 57 cities out of 70, down from 62 prior. New home prices across the 70 cities were up 8.7%, down from 9.6% in January and at its slowest rate of growth in 6 months. New home price slowdown was not isolated to 3rd and 4th tier cities, as both Beijing and Shanghai experienced notable declines (12.2% from 14.7% and 15.7% from 17.5% respectively). - Separately in China, the Yuan continued to fall in onshore trade despite the PBoC setting the midpoint firmer for the currency. Yuan fell to CNY6.19 in onshore trade and was also within an earshot of the key 6.20 level offshore. China Ministry of Commerce (MOFCOM) spokesperson said investors should not overreact to yuan volatility as two-way movement becomes the norm, promising to maintain reasonable and stable Yuan. - There was little of note in the Ukraine-Russia standoff after today's announcement of sanctions. Japan's Foreign Ministry joined EU in suspending talks regarding Russian investment, while separate press sources suggested Putin may be preparing his own list of sanctions on certain US lawmakers (thought to potentially include Sens. Robert Menendez (D-NJ) and Bob Corker (R-TN), the leaders of the Senate Foreign Relations Committee) as early as Tuesday. ***Fixed Income/Commodities/Currencies*** - (CN) PBoC to drain CNY100B in 28-day repos (9th consecutive drain) - (JP) Japan's MoF sells 1.10T in 1.5% (1.6% prior) 20-year JGBs; Avg yield: 1.527% v 1.459% prior; bid-to-cover: 3.69x v 3.67x prior - GLD: SPDR Gold Trust ETF daily holdings fall 3.8 tonnes to 812.8 tonnes - USD/CNY: (CN) PBoC sets yuan mid point at 6.1341 v 6.1321 prior setting ***Equities*** US markets: - FF: Reports Q4 $0.61 v $0.15 y/y, R$125.6M v $74.6M y/y; +21.2% afterhours - IVAN: Suspends Activity on Tamarack Project Pending Regulatory Clarity; +2.1% afterhours - AMZN: Said to be shipping new video-streaming device in early April - financial press; -0.1% afterhours - GGS: Reports prelim Q4 op loss $69.4M; Rev $81M v $78Me; Delays 10K filing; Hires advisors to review financial and strategic alternatives to address liquidity needs Notable movers by sector: - Consumer Discretionary: Kose Corp 4922.JP +2.3% (acquisition); Formosa International Hotels Corp 2707.TW +3.7% (FY13 results) - Financials: China Merchants Property Dev 000024.CN -2.9% (FY13 results) - Industrials: Mitsui Chemical 4183.JP +2.0% (speculation on FY14/15 results); Nufarm Ltd NUF.AU +2.6% (reorganization plan); Nissan Motor 7201.JP +1.9% (analyst action); Hsin Chong Construction Group 404.HK -4.2% (FY13 results); CSR Corp 1766.HK +8.8% (awarded contract) - Technology: Yonyou Software 600588.CN +5.3% (FY13 results); Beijing Ultrapower Software 300002.CN -7.0% (FY13 results); Shanghai East China Computer 600850.CN +6.5% (FY13 results) - Healthcare: Guangzhou Baiyunshan Pharmaceutical Holdings 874.HK +6.9% (FY13 results) - Utilities: Panva Gas 1083.HK +1.6% (FY13 results) - 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