User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday April 4, 2014 - 10:05:03 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; Greece headed for an upgrade?


Fri, 04 Apr 2014 5:22 AM EST

***Notes/Observations***
- (US) Anticipation of a strong, USD-positive US payroll report expecting it to rebound from weather depressed readings
- (US) Fed's Fisher (FOMC voter, hawk): Guidance on future rate hikes may not be possible; at current reduction QE3 will be done by October
- (CN) China State Administration of Foreign Exchange (SAFE): 2013 Current Account was $182.8B; to see a certain amount of current account surplus in 2014; 2013 current account surplus $182.8B
- (GR) There is speculation that Moody's could upgrade Greece's sovereign rating today - Greek Press
- (EU) Former ECB Official Bini Smaghi: Markets now prepared for QE to occur

***Equities***
- Market Focal Points: Equity markets initially show muted reaction to Draghi QE comments amid cautious trading ahead of US payrolls report, SMI underperforms on Zurich Insurance ex-dividend, Remy Cointreau supported by takeover speculation.

- Indices [Stoxx50 +0.2%, FTSE 100 +0.4% at 6,675, DAX +0.3% at 9,659, CAC-40 +0.3% at 4,460, IBEX-35 flat at 10,586, FTSE MIB +0.2% at 22,042, SMI -0.5% 8,480, S&P 500 Futures +0.2% at 1,886]

***By Sector***
- Consumer Discretionary [Remy Cointreau RCO.FR +4% (takeover speculation), Pearson PSON.UK +1.5% (broker commentary), EasyJet EZJ.UK +1.5% (March traffic +4.8%), Fiat F.IT +1% (broker commentary); Marks & Spencer MKS.UK -1% (broker commentary), Tesco TSCO.UK -0.5% (speculation related to new CFO)]
Financials [Talanx TLX.DE +2% (broker commentary)]
- Healthcare [Fresenius Medical Care FME.DE -1% (issued long-term targets)]
- Stoxx50 Sectors [Basic Materials +0.7%, Energy +0.4%, Financials +0.2%, Consumer Cyclical +0.1%, Industrials +0.1%; Telecom -0.4%, Technology -0.3%, Utilities -0.2%, Consumer Non-Cyclical -0.1%]

***Currencies/Fixed Income***
- A day after ECB Draghi hinted that the ECB was open to possible QE had the EUR/USD dangling above a pivotal hourly support of 1.3690. For now dealers seem to not that despite the talk there has yet to be any action which could keep the EUR supported for now. As a result of the ECB press conference dealers noted that Spanish 5-year Govt bond yield was now lower than its US counterpart (first time since 2007) and the 10-year Spanish/German Gov't bond spread was below 160bps,tightest since Oct 2010. Dealers continued to view 1.3690 as key support in pair with Euro sell stops building below. Potential H&S top formation with 250 pips objection if hourly close below 1.3690. Anticipation of a strong, USD-positive US payroll report was possible as the data series rebounds from weather depressed readings. A strong payroll number could provide divergence between Fed and ECB policy paths.
- The key focus today is the Mar US Non-farm payrolls. The favorite currency pair to play on such days would be the USD/JPY. Some dealers are positioned long USDJPY long for payrolls

***Economic Data***
- (UK) Retailer John Lewis reports weekly LFL sales for week ending Mar 29th (y/y): +5.9% v +6.5% prior
- (DE) Germany Feb Factory Orders M/M: 0.6% v 0.2%e; Y/Y: 6.1% v 6.8%e
- (UK) Mar Halifax House Prices M/M: -1.1% v +0.6%e; 3M/Y: 8.7% v 9.4%e
- (CZ) Czech Feb Retail Sales Y/Y: 8.1% v 6.0%e
- (EU) ECB 203M borrowed in overnight loan facility vs. 265M prior; 26.9B parked in deposit facility vs. 27.9B prior - Daily Eurosystem Liquidity Conditions
- (DE) Germany Mar Construction PMI: 52.5 v 53.6 prior
- (SE) Sweden Feb Service Production M/M: 0.7% v 0.5%e; Y/Y: 1.9% v 0.7%e
- (SE) Sweden Feb Industrial Production M/M: 2.2% v 0.5%e; Y/Y: 1.7% v 1.0%e
- (SE) Sweden Feb Industrial Orders M/M: +3.1 v -13.4% prior; Y/Y: -1.2% v -1.6% prior
- (CN) Shanghai Futures Exchange (SHFE) Weekly Copper Stockpiles: 172.4K v 193.7K tons prior
- (UK) Mar New Car Registrations Y/Y: 17.7% v 3.0% prior
- (EU) Euro Zone Mar Retail PMI: 49.2 v 48.5 prior
- (DE) Germany Mar Markit Retail PMI: 50.2 v 52.1 prior
- (FR) France Mar Retail PMI: 50.0 v 48.4 prior
- (IT) Italy Mar Retail PMI: 46.5 v 43.1 prior
- (GR) Greece Jan Retail Sales Volume Y/Y: -1.9% v -6.1% prior; Retail Sales Value Y/Y: -4/3% v -6.7% prior

***Looking Ahead***
All times listed for economic events are denominated in Eastern Standard Time (Add 4 hours for GMT equivalent)

- (SK) Slovakia Sovereign Debt Rating May Be Published by Moody's
- (GR) Greece Sovereign Debt Rating May Be Published by Moody's
- (EU) EU Foreign and Defense Ministers hold Meeting in Athens
- 06:00 (IE) Ireland Feb Industrial Production M/M: No est v 0.9% prior; Y/Y: No est v -1.1% prior
- 06:00 (EU) ECB announces weekly 3-Year LTRO Repayment vs. 2.0Be
- 06:10 (UK) DMO to sell 3.0B in 1-month, 3-month and 6-month Bills
- 06:30 (IN) Weekly India Forex Reserves
- 06:45 (US) Daily Libor Fixing
- 08:30 (US) Mar Change in Nonfarm Payrolls: +200Ke v +175K prior; Change in Private Payrolls: +200Ke v +162K prior; Change in Manufacturing Payrolls: +7Ke v +6K prior
- 08:30 (US) Mar Unemployment Rate: 6.6%e v 6.7% prior;
Underemployment Rate: No est v 12.6% prior; Change in Household Employment: +200Ke v +42K prior; Labor Force Participation Rate: No est v 63.0% prior
- 08:30 (US) Mar Average Hourly Earnings M/M: 0.2%e v 0.4% prior; Y/Y: 2.3%e v 2.2% prior; Average Weekly Hours: 34.4e v 34.2 prior
- 08:30 (CA) Canada Mar Net Change in Employment: +22.5Ke v -7.0K prior; Unemployment Rate: 7.0%e v 7.0% prior; Full Time Employment Change: No est v K+18.9 prior Part Time Employment Change: No est v -25.9K prior; Participation Rate: No est v 66.2% prior
- 09:30 (BR) Brazil Mar Vehicle Production: No est v 281.5K prior; Vehicle Sales: No est v 259.3K prior; Vehicle Exports: No est v 28.8K prior
- 10:00 (CA) Canada Mar Ivey Purchasing Managers Index (Seasonally Adj): 59.0e v 57.2 prior; PMI Unadj: No est v 57.8 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."



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 20 November 2017

Register for the Amazing Trader

1.

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

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