User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday March 28, 2014 - 10:13:08 GMT
Trade the News Staff - www.global-view.com/forex-services/TTN/

Share This Story:
| | Email

TradeTheNews.com EU Market Update: Germany's regional CPIs decline slightly; Markets looks ahead to ECB rate decision next week

Fri, 28 Mar 2014 5:34 AM EST

***Notes/Observations***
- (CH) Swiss KOF Institute Spring Economic Forecast lowers forecast for 2014 and 2015 GDP and lowers 2014 inflation forecast.
- (ZA) South Africa AMCU union plans to extend current strike to gold and coal mining companies - press
- (JP) Japan Jobless rate at a 6-year low (3.6% vs. 3.7%e) while its CPI registers its ninth straight annual gain.
- USD strength focused against currencies where deflationary risks were likely to drive central-bank dovishness; market believes ECB is becoming sensitive to Euro currency levels

***Equities***
- Market Focal Points: Equities markets opened higher amid continued hope that Chinese officials will launch stimulus measures, DAX and FTSE MIB outperform, Intesa rises over 3% after presenting business plan, UK insurance companies trade broadly lower (Aviva -6%, Resolution -10%)

- Indices [Stoxx50 +0.6%, FTSE 100 +0.6% at 6,628, DAX +0.8% at 9,531, CAC-40 +0.4% at 4,398, IBEX-35 +0.6% at 10,261, FTSE MIB +0.8% at 21,344, SMI +0.5% at 8,366, S&P 500 Futures +0.3% at 1,846]

***By Sector***
- Financials [Intesa ISP.IT +3.5% (presented business plan)]
- Industrials [Pirelli PC.IT (FY profits above ests)
- Stoxx50 Sectors [Telecom +1.1%, Utilities +0.8%, Consumer Cyclical +0.7%, Basic Materials +0.7%, Industrials +0.6%, Consumer Non-Cyclical +0.5%, Technology +0.3%, Financials flat, Energy flat]

***Currencies/Fixed Income***
- The looming ECB rate decision next week has analysts debating whether the timing was right for its next move. The ECB previously indicated it was increasingly sensitive to further gains in the Euro (**Note: In Mar Draghi explained the impact of the exchange rate on inflation, saying that the ECB assumed that a 10% rise in the trade-weighted EUR would reduce inflation by 0.5%). Today's numerous CPI readings seemed to reinforce the implications of a strong Euro.
- Also the Euro was facing headwinds on the yield differential front. Dealers were noting that real yields do matter for currency trend. Real rate strength supported EUR/USD over the last year, and a decline in real rates seen recently has helped to weaken the EUR/USD pair. Dealer focused on premium that US two-year debt pays over German paper widened to the most since late 2012.
- The fiscal year end for Japan has potential implications for the yen. The historical repatriation pressures would subside. The implementation of the sales tax rise form 5% to 8% takes effect April 1st. The question going forward would be whether a restored confidence in Abenomics could see a return trend of outflows

***Rating Agency Actions***
- (AT) S&P affirms Austria AA+ sovereign rating; outlook stable
- (FI) Fitch affirms Finland AAA sovereign rating; Outlook stable
- (LU) S&P affirms Luxembourg AAA sovereign rating; Outlook stable
- (SE) S&P affirms Sweden AAA sovereign rating; Outlook Stable
- (RU) S&P affirms City of Moscow, Russia at BBB; outlook negative
- (DE) S&P affirms German State of Bavaria at AAA; Outlook Stable
- (HU) S&P affirms Hungary Sovereign Rating at BB; revised outlook to stable from negative
- (IL) S&P affirms Israel A+ sovereign rating; Outlook Stable

***Economic Data***
- (UK) Retailer John Lewis reports weekly LFL sales for week ending Mar 22nd (y/y): +6.5% v +5.3% prior
- (DE) Germany Feb Import Price Index M/M: -0.1% v +0.2%e; Y/Y: -2.7% v -2.4%e
- (FI) Finland Feb House Price Index M/M: +0.5 v +0.1% prior; Y/Y: -0.1 v +0.6% prior
- (FR) France Feb Consumer Spending M/M: +0.1% v +0.8%e; Y/Y: -0.3% v +0.7%e
- (FR) France Feb PPI M/M: -0.1% v +0.3%e; Y/Y: -1.7% v -1.4%e
- (CN) Shanghai Futures Exchange (SHFE) Weekly Copper Stockpiles: 193.7K v 209.9K tons prior
- (ES) Spain Feb Adjusted Retail Sales Y/Y: -0.5% v -0.5%e; Retail Sales Y/Y: -0.4% v -0.2% prior
- (ES) Spain Mar Preliminary CPI Y/Y: -0.2% v 0.0%e; CPI EU Harmonized Y/Y: -0.2% v +0.1%e

- (AT) Austria Feb PPI M/M: -0.1% v -0.2% prior; Y/Y: -1.3% v -1.2% prior
- (DE) Germany Mar CPI Saxony M/M: 0.3% v 0.3% prior; Y/Y: 0.9% v 1.2% prior
- (TR) Turkey Mar Consumer Confidence Index: 72.7 v 69.2 prior
- (HU) Hungary Feb Unemployment Rate: 8.6% v 9.0%e
- (EU) ECB 205M borrowed in overnight loan facility vs. 119M prior; 27.6B parked in deposit facility vs. 28.4B prior - Daily Eurosystem Liquidity Conditions
- (SE) Sweden Feb Retail Sales M/M: 0.4% v 0.5%e; Y/Y: 2.4% v 2.3%e
- (NO) Norway Mar Unemployment Rate: 2.9%e v 2.9% prior
- (DE) Germany Mar CPI Brandenburg M/M: 0.2 v 0.4% prior; Y/Y: 1.0 v 1.2% prior
- (DE) Germany Mar CPI Hesse M/M: 0.3 v 0.4% prior; Y/Y: 1.0 v 1.0% prior
- (DE) Germany Mar CPI Bavaria M/M: 0.3 v 0.5% prior; Y/Y: 0.9 v 0.9% prior

- (UK) Mar Lloyds Business Barometer: 44 v 53 prior
- (UK) Q4 Final GDP Q/Q: 0.7% v 0.7%e; Y/Y: 2.7% v 2.7%e
- (UK) Q4 Current Account Balance: -22.4B v -14.0Be
- (UK) Q4 Final GDP Total Business Investment Q/Q: 2.4% v 2.4%e; Y/Y: 8.7% v 8.5%e
- (PT) Portugal Mar Consumer Confidence Index: -30.7 v -32.6 prior; Economic Climate Indicator: -0.3 v -0.6 prior
- (DE) Germany Mar CPI North Rhine Westphalia M/M: 0.3% v 0.5% prior; Y/Y: 1.4% v 1.6% prior

***Looking Ahead***
All times listed for economic events are denominated in Eastern Standard Time (Add 4 hours for GMT equivalent)
- (IN) India Finance Ministry and RBI to meet to discuss FY15 borrowing
- Estonia Sovereign Debt Rating May Be Published by Moody's
- (DK) Denmark Sovereign Debt Rating May Be Published by Moody's
- OECD Sovereign Borrowing Outlook
- (DE) ECB's Weidmann (Germany) in Frankfurt
- (DE) Germany Mar CPI Baden Wuerttemberg M/M: No est v 0.5% prior; Y/Y: No est v 1.1% prior
- (BE) Belgium Mar CPI M/M: No est v 0.2% prior; Y/Y: No est v 1.0% prior
- (RO) Romania Central Bank Interest Rate Decision: Expected to leave Interest Rates unchanged at 3.50%
- (CL) Chile Central Bank Meeting Minutes
- 06:00 (EU) Euro Zone Mar Business Climate Indicator: 0.38e v 0.37 prior; Consumer Confidence: -9.3e v -9.3 prelim; Economic Confidence: 101.4e v 101.2 prior; Industrial Confidence: -3.5e v -3.4 prior; Services Confidence: 3.7e v 3.2 prior
- 06:00 (EU) Daily Euribor Fixing
- 06:00 (IT) Italy Debt Agency (Tesoro) to sell combined 6.75B in 5-year and 10-year bonds (Prior Feb 27th)
- 06:00 (IT) Italy Debt Agency (Tesoro) to sell 3.25B in Nov 2019 CCTeu
- 06:00 (FR) France Debt Agency (AFT) to announce Bills/Bonds auctions for next week
- 07:00 (IE) Ireland Feb Retail Sales M/M: No est v 2.3% prior; Y/Y: No est v 8.9% prior
- 07:00 (BR) Brazil Mar FGV Inflation IGPM M/M: 1.5%e v 0.4% prior; Y/Y: No est v 5.8% prior
- 07:00 (IS) Iceland cancelled Bond auction
- 07:00 (EU) ECB announces weekly 3-Year LTRO Repayment
- 07:10 (UK) DMO to sell 5.5B in 1-month, 3-month and 6-month Bills
- 07:30 (IN) India Forex Reserves w/e Mar 21st: No est v $297.3B prior
- 07:45 (US) Daily Libor Fixing
- 08:00 (ZA) South Africa Feb Budget Balance (ZAR): +9.5Be v -26.3B prior
- 08:30 (US) Feb Personal Income: 0.3%e v 0.3% prior; Personal Spending: 0.3%e v 0.4% prior
- 08:30 (US) Feb PCE Deflator M/M: 0.1%e v 0.1% prior; Y/Y: 0.9%e v 1.2% prior
- 08:30 (US) Feb PCE Core M/M: 0.1%e v 0.1% prior; Y/Y: 1.1%e v 1.1% prior
- 09:00 (DE) Germany Mar Preliminary CPI M/M: 0.4%e v 0.5% prior; Y/Y: 1.1%e v 1.2% prior

- 09:00 (DE) Germany Mar Preliminary CPI EU Harmonized M/M: 0.4%e v 0.5% prior; Y/Y: 0.9%e v 1.0% prior
- 09:00 (ES) Spain Debt Agency (Tesoro)
- 09:15 (US) Baltic Dry Bulk Index
- 09:30 (BR) Brazil Feb Nominal Budget Balance (BRL): -23.9Be v -10.5B prior; Primary Budget Balance: -0.4Be v +19.9B prior; Net Debt % GDP: 33.5%e 33.3% prior
- 09:45 (IT) ECB's Visco (Italy) with Fin Min Padoan in Rome
- 09:55 (US) Mar Final University of Michigan Confidence: 80.5e v 79.9 prelim
- 11:00 (US) Fed to purchase $1.00-1.25B in Notes
- 12:45 (US) Fed's George Speaks on U.S. Economic Outlook in Kansas
- 16:30 (MX) Mexico Feb YTD Budget Balance (MXN): No est v -4.9B prior
- 17:30 (CN) China President Xi Jinping speech
- 17:45 (US) Fed's George on US economic outlook in Kansas City

 

 

 

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 11 December 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:

Tue 12 Dec
09:30 GB- CPI
10:00 GB- ZEW Survey
13:30 US- PPI
Wed 13 Dec
00:30 AU- Employment
09:30 GB- Unemployment
13:30 US- CPI
15:30 US- EIA Crude
19:00 US- Fed Decision
Thu 14 Dec
07:30 CH- SNB Decision
All Day- Global- flash PMIs
12:00 GB- Bank of England Decision
12:45 EZ- ECB Decision
13:30 US- Retail Sales
13:30 US- Weekly Jobless
14:45 US- Industrial Production

Forex Trading Outlook


Potential Trading Opportunities

  • POTENTIAL PRICE RISK: Mediun Tue--10:00 GMT-- DE- ZEW. Second Tier Sentiment Survey
  • POTENTIAL PRICE RISK: HIGH-Medium Tue--13:30 GMT-- US- PPI

  • POTENTIAL PRICE RISK: HIGH-Medium Wed--09:30 GMT-- GB- Employment
  • POTENTIAL PRICE RISK: HIGH Wed--13:30 GMT-- US- CPI
  • POTENTIAL PRICE RISK: Medium Wed--15:30 GMT-- US- EIA Crude
  • POTENTIAL PRICE RISK: High Wed--19:00 GMT-- US- Fed Decision


  • POTENTIAL PRICE RISK: HIGH- Thu --00:30 GMT-- AU- Employment
  • POTENTIAL PRICE RISK: Medium- Thu --All day-- global- flash PMIs
  • POTENTIAL PRICE RISK: HIGH-Medium- Thu --07:30-- CH- Swiss National Bank Decision
  • POTENTIAL PRICE RISK: HIGH-Medium- Thu --09:30-- GB- Retail Sales
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