Forex News Blog
Back to The Headlines
Wednesday May 7, 2014 - 18:28:54 GMT
Share This Story
global-view.com - www.global-view.com
Yellen Springs No Surprises Dovish Policy to Persist. Bond Yields Remain Low
|Yellen Springs No Surprises Dovish Policy to Persist. Bond Yields Remain Low|
May 8, 2014 00:00 gmt
CN- Trade, AU- Employment. DE- Industrial Output, CH- CPI, BOE Decision, ECB Decision., US- Weekly Jobless, Natural Gas, 30-yr Auction
| EURUSD 1.3919
|| U.S. 2.58% -2bp
|| North America: Higher|
| EURJPY 141.59
|| Bund 1.47% +1bp
|| DAX: Higher|
| GBPUSD 1.6962
|| GILT 2.65% -1bp
|| FTSE: Lower|
| USDJPY 101.73
|| JGB 0.60% -1bp
|| Far East Close: Lower|
HIGH IMPACT NEWS ITEMS: CN- Trade, AU- Employment, DE- Industrial Output, CH- CPI, BOE , ECB, US- Weekly Jobs, 30-yr
- Fed Chair Yellen took an accomodative posture as expected Wedneday reiterating that a high degree of Monetary policy accommodation is still warranted. She noted that after the harsh winter that indicators point to a rebound in spending and production. She said that labor market conditions continue to improve, but they are still far from satisfactory and that involuntary part-time work and weak wage growth signal "substantial slack". On balance, her comments were dovish as expected.
- German February factory Orders were considerably weaker than expected. The pattern is not evident in the EZ as a whole. The greatest weakness was in foreign orders (-4.6%mm).
- The EURUSD remains in range of its1.40 psychological target. The same is true for GBPUSD 1.70.
- We will closely monitor the ECB commentary Thursday to see what is said about the value of their common currency. We do not expect any ECB policy change. From a trading point of view keep a close eye on USDCNY because that will tell you in real-time what the PBOC is doing
- This week also features a Bank of England meeting on Thursday. Canadian Employment data are due on Friday..
- Be sure to refer daily to the Global-View Economic Calendar For key items (actual data, selected charts, etc.) as they are released. See the FOREX FORUM. for actual data, selected charts, etc.) and comments from experienced traders to events as they happen.
FX Trade Talk: What's moving markets-- Expert Commentary, data. and data charts posted continuously on FOREX FORUM
John M. Bland, an author and a founding partner of Global-View.com, has been a corporate FX consultant for a major N.Y. bank, a forex trader for a major N.Y. institution, and an FX analyst for a blue chip Fed watching service. John has an MBA in International Finance and an A.B. in Economics from the University of California at Berkeley.
|Copyright 2013, GlobalViewpoint, Inc All rights reserved|
Forex Trading News
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
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
Mon 3 Dec 2018
AA: Major, A: High, B: Medium
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.
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.