User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday March 20, 2014 - 15:27:08 GMT
Trade the News Staff -

Share This Story:
| | Email US Market Update: Welcome to Yellen's World

Thu, 20 Mar 2014 11:11 AM EST

***Economic Data***
- (IT) Italy Current Account Balance: -1.3B v +1.9B prior
- (UK) Mar CBI Industrial Trends Total Orders: 6 v 5e; Selling Prices: 12 v 17 prior
- (IL) Israel Jan Manufacturing Production M/M: -1.4 v +1.8% prior
- (IE) Ireland Feb PPI M/M: -0.2 v 0.4% prior; Y/Y: -1.4 v -1.5% prior
- (RU) Russia Feb Unemployment Rate: 5.6% v 5.7%e
- (RU) Russia Feb Real Retail Sales M/M: -0.1% v -1.5%e; Y/Y: 4.1% v 2.6%e
- (RU) Russia Feb Real Disposable Income: +1.0% v -1.0%e
- (US) Initial Jobless Claims: 320K v 322Ke; Continuing Claims: 2.889M v 2.88Me
- (US) Mar Philadelphia Fed Business Outlook: +9.0 v +3.2e
- (US) Feb Existing Home Sales: 4.6M v 4.60Me
- (US) Feb Leading Index: 0.5% v 0.2%e
- (BE) Belgium Mar Consumer Confidence Index: -8 v -4 prior
- (MX) Mexico Q4 Aggregate Supply and Demand: 0.4% v 0.5%e
- (US) Weekly EIA Natural Gas Inventories: -48 bcf v -57 to -61 bcf expected

- US equities are doing much better than equity indices in Asia and Europe, which have seen steep declines after the FOMC decision. Decent weekly claims data and the very good Philly Fed data are helping US indices. As of writing, the DJIA is up 0.29%, the S&P500 is up 0.24% and the Nasdaq is up 0.14%.

- Analysts have been discussing the FOMC decision relentlessly since 14:00ET yesterday afternoon. In the post-FOMC press conference, Chair Yellen suggested the Fed would consider hiking rates as soon as six months after the end of QE3. Under a strict interpretation, if asset purchases end in November of this year as expected, the first rate hike would arrive in the second quarter of 2015. However, many are strongly highlighting that Yellen was emphatic markets should not make strict interpretations. Yellen reiterated what all of her colleagues and former chair Bernanke repeated again and again: the first rate hike is highly data-dependent, and will reflect a balanced judgment about prospects both for labor market slack and inflation pressure.

- Treasury yields are sustaining the losses seen yesterday in the wake of the FOMC decision. The yield of the 10-year UST rose as high as 2.77% this morning - well off Tuesday's 2.670% level - before consolidating slightly. The sell-off was even more pronounced at the short end: the two-year jumped to 0.43% from 0.35% on Tuesday and the five-year rose to 1.71% from 1.54%. Spot gold lost 1.3% yesterday and is down another 1% this morning.

- The dollar has strengthened considerably post-FOMC. EUR/USD tested as low as 1.3750 before consolidating a bit, compared to 1.3920 before the decision. The yen is a bit firmer compared to yesterday - when USD/JPY topped out around 102.68 - and the pair is around 102.35 currently. Focus is also on the yuan, with USD/CNY hitting the critical 6.20 handle that analysts say trigger rafts of target redemption forward (TRF) contracts.

- The February existing home sales came in at their lowest level since mid 2012, right in line with consensus expectations. The factors behind the weak housing data are well known at this point, and the NAR highlighted restrictive mortgage lending standards and lower housing affordability. Distressed and all-cash sales both saw a slight increase.

- Shares of financial names saw volatile trading yesterday afternoon during and after the press conference. Traders see the prospect of higher short-term rates as a boon for the banks. This morning bank shares are seeing sustained gains in heavy volume. JPMorgan is up 2.5%, Citi and Morgan Stanley are up 2%. Regional banks saw big gains after the press conference and are seeing another 1-2% gain this morning. Note that the results of the 2014 Fed bank stress tests will be released today after the close.

- Coal names are down sharply this morning, with metallurgical coal producer Walter Coal down 13% and other names down in the low single digits. Bank of America/Merrill Lynch warned that met coal prices are struggling to find a floor as firms keep resisting output cuts, leading to industry oversupply.

***Looking Ahead***
- 12:00 (CO) Colombia Q4 GDP Q/Q: 1.3%e v 1.1% prior; Y/Y: 4.7%e v 5.1% prior; Full year 2013 GDP: 4.1%e v 4.2% prior (revised from 4.2%)
- 12:00 (UK) BOE announcement on nest week APF operations
- 13:00 (US) Treasury to sell $13B in 10-Year TIPS Reopening
- 13:00 (BR) Brazil to sell 2014, 2016, 2018 Bills
- 13:00 (BR) Brazil to sell Fixed-rate 2021 and 2025 bonds
- 13:30 (SE) Sweden Central bank (Riksbank) Dep Gov Skingley
- 15:00 (US) API Monthly Statistical Report
- 15:00 (AR) Argentina Feb Trade Balance: $350Me v $35M prior
- 16:00 (US) Fed releases Dodd-Frank Act Supervisory Stress Test Results





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