User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday April 22, 2014 - 10:36:45 GMT
Trade the News Staff -

Share This Story:
| | Email EU Market Update: European markets return after holiday to strength; Pharma industry consolidates

Tue, 22 Apr 2014 5:22 AM EST

- China PBoC performs its 19th straight draining operation; Shanghai manages to close in positive territory
- (CN) China PBoC provides details on previously announced RRR cut for banks in rural areas: Cut will be between 50 to 200bps and effective Apr 25th
- (GR) Greece PM Samaras: Do not need more money from EU or IMF; yields will continue to move lower
Eli Lilly to Acquire Novartis Animal Health for $5.4B
GSK to sell oncology products business to Novartis for $14.5B in addition to up to $1.5B in milestone payments; Novartis to sell vaccines unit to Glaxo for $7.1B
- (DE) Germany Q1 tax revenue +3.7% y/y - Handelsbatt
- (FR) France govt raises 2014 GDP growth outlook to 1.0% from 0.9% prior - French press
Philips reports Q1 Net profit 137M v 114Me, EBIT 305M v 279Me, EBITA 314M v 336Me, Rev 5.02B v 5.2Be
- Deals running rampant in Pharma sector

- Market Focal Points/Key Themes:
Equity markets open mostly higher in first trading session since Thursday April 17th, Pharmaceutical sector supported by M&A, Currency effects weigh on Philips Q1 results
- Indices [Stoxx50 +0.4%, FTSE 100 +0.8% at 6,677, DAX +0.9% at 9,496, CAC-40 +0.5% at 4,454, IBEX-35 +0.3% at 10,315, FTSE MIB -0.2% at 21,570, SMI +0.8% at 8,443, S&P 500 Futures -0.1% at 1,863]

***By Sector***
- Health Care
[AstraZeneca AZN.UK +7% (takeover speculation), Glaxo GSK.UK +4% (sold oncology products unit to Novartis)]
- Consumer Discretionary [PubliGroupe PUBN.CH +23% (takeover offer), Villeroy & Boch VIB3.DE +4% (Q1 results rose y/y); Hermes RMS.FR -1.5% (broker commentary)]
- Technology [Atos ATO.FR +1.5% (broker commentary)]
- Telecom [Colt Telecom COLT.UK -10% (profit warning)]
- Industrials [Philips PHIA.NL -6% (Q1 results below ests)]
- Energy [Eni ENI.IT -0.6% (broker commentary)]
- Stoxx50 Sectors [Consumer Non-Cyclical +1%, Basic Materials +0.9%, Financials +0.7%, Telecom +0.6%, Consumer Cyclical +0.6%, Utilities +0.2%, Technology +0.2%, Energy +0.1%; Industrials -0.1%]

***Currencies/Fixed Income:***
- The FX market remained quiet despite the return of European traders. Dealers still debated the probability of unsterilized large scale QE by the ECB during the course of 2014, especially if the EUR remained at elevated levels.
- Verbal intervention had no effect on the Aussy during the Asian session. Treasurer Hockey stated that the govt was not happy with RBA neutral policy bias and that upward pressure in AUD made it harder to manage economy
- China CNY currency (Yuan) falls to Weakest Level in More Than a Year towards 6.24 area (*Note: CNY is -3% ytd)
- Spot gold was little changed in the session. Dealers noted that near-term path of least resistance appeared for the metal to move lower

***Economic Data***
- - (JP) Japan Feb Final Leading Index CI: 108.9 v 108.5 prelim; Coincident Index: 113.0 v 113.4 prelim
- (DK) Denmark Apr Consumer Confidence: 5.5 v 5.0 prior
- (CH) Swiss Mar M3 Money Supply Y/Y: 9.0 v 8.7% prior
- (ES) Spain Feb Service Sector Sales Y/Y: +1.5% v +1.3% prior
- (ES) Spain Feb Service Sector Employment Y/Y: -0.3% v -0.6% prior
- (ES) Spain Feb Industrial Orders Y/Y: -1.0% v 0.0% prior; Industrial Orders WDA Y/Y: -1.0% v -1.6% prior
- (CH) SNB: Swiss sight deposits for week ended Apr 18th: 314.3B v CHF316.8B
- (EU) ECB 301M borrowed (first rise in 5 sessions) in overnight loan facility vs. 0.0M prior; 30.1B parked in deposit facility vs. 29.1B prior - Daily Eurosystem Liquidity Conditions
- (SE) Sweden Mar Unemployment Rate: 8.6% v 8.5%e; Unemployment Rate (Seasonally Adj): 8.1% v 8.0%e
- (NL) Netherlands Mar House Price Index M/M: -0.3% v 0.0% prior; Y/Y: -2.1% v -1.7% prior
- (HK) Hong Kong Mar CPI Composite Y/Y: 3.9% v 4.2%e
- (HK) Hong Kong Mar Unemployment Rate: 3.1% v 3.1%e
- (EU) Euro Zone Feb Construction Output M/M: 0.1% v 1.5% prior; Y/Y: 6.7% v 8.0% prior

**Looking Ahead***
All times listed for economic events are denominated in Eastern Standard Time (Add 4 hours for GMT equivalent)
- (PT) Portugal Feb Current Account: No est v -185.3M prior
- 06:00 (NL) Netherlands Debt Agency (DSTA) to sell 2.0-4.0B in 3-Month and 6-Month Bills
- 06:00 (IL) Israel to sell 2019, 2021, 2023, 2024 and 2041 bonds
- 06:45 (US) Daily Libor Fixing
- 07:00 (EU) ECB allotment in 7-day Term Deposit Tender
- 07:30 (BR) Brazil Central Bank Weekly Economists Survey
- 07:45 (US) Weekly ICSC Chain Store Sales
- 08:15 (US) Baltic Dry Bulk
- 08:30 (CA) Canada Feb Wholesale Trade Sales M/M: 0.7%e v 0.8% prior
- 08:50 (FR) France Debt Agency (AFT) to sell combined 7.8B in 3-month, 6-month and 12-month Bills
- 08:55 (US) Weekly Redbook Retail Sales
- 09:00 (US) Feb FHFA House Price Index: 0.5%e v 0.5% prior
- 09:00 (MX) Mexico Mar Unemployment Rate (unadj): 4.7%e v 4.7% prior; Unemployment Rate (Seasonally Adj): 4.5%e v 4.7% prior
- 09:00 (EU) Weekly ECB Forex Reserves
- 10:00 (US) Apr Richmond Fed Manufacturing: +2e v -7 prior
- 10:00 (US) Mar Existing Home Sales: 4.56Me v 4.60M prior
- 10:00 (EU) Euro Zone Apr Advance Consumer Confidence: -9.3e v -9.3 prior

- 10:00 (MX) Mexico weekly International Reserves
- 10:30 (CA) Canada to sell 3-month, 6-month and 12-month Bills
- 11:00 (US) Fed to purchase $0.90-1.15B in Notes
- 11:00 (BR) Brazil to sell I/L 2019, 2023, 2030, 2040 and 2050 Bonds
- 11:30 (US) Treasury to sell $25B in 4-Week Bills
- 11:45 (US) Former Fed Chairmen Bernanke speaks at Economic Club
- 12:00 (RU) Russian Ambassador to Canada Mamedov speaks at Empire Club
- 13:00 (US) Treasury to sell 2-Year Notes
- 15:00 (AR) Argentina Feb Economic Activity Index M/M: No est v -0.4% prior; Y/Y: No est v 1.2% prior
- 15:00 (AR) Argentina Mar Trade Balance: No est v $44M prior
- 16:30 (US) Weekly API Oil Inventories
- 20:25 (JP) Japan BOJ Dep Gov Nakaso speech in Kyoto
- 21:30 (AU) Australia Q1 CPI Q/Q: 0.8%e v 0.8% prior; Y/Y: 3.2%e v 2.7% prior
- 21:45 (CN) China Apr Preliminary HSBC China Manufacturing PMI: 48.3e v 48.0 prior

- (AR) Argentina Apr Consumer Confidence Index: No est v 36.21 prior
- (MX) Mexico Banamex Survey of Economists




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