User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday May 14, 2014 - 10:12:29 GMT
Trade the News Staff -

Share This Story:
| | Email EU Market Update: Markets continue to obsess with possible rate action in June; European earnings mixed

Wed, 14 May 2014 5:25 AM EST

- Puma reported Q1 results weaker y/y, footwear sales -7.1% y/y, apparel +3% y/y; CEO indicated that the company had not been approached about a possible takeover
- China Banking Regulatory Commission (CBRC) warns rising credit risk in real estate sector - financial press
- ECB's Praet (Belgium): Reiterates negative deposit rates are possible part of a combination of measures - financial press
- ICAP traded weaker after FY14 results were impacted by penalties, expect year to remain extremely difficult
- Glaxo being prosecuted in China as part of bribery probe, shares down over 1%
- ECB speak continued to hint of potential action at the June meeting with various options being considered but that conventional means had not been exhausted
- BOE quarterly report should be considerably more upbeat and bring upward GDP and CPI projections while marking a less dovish tone than the previous report in February

- Market Focal Points/Key Themes: European markets trade mixed after various indices hit multi-year highs on Tuesday's session as ECB officials suggest bar remains high for QE, FTSE 100 lags on ex-dividends, DAX remains below intraday record high, Peripheral indices underperform, German's K+S calls bottom for potash prices, European wind power firms continue to beat expectations (Nordex)

- Indices [Stoxx50 -0.3%, DAX flat at 9,752, FTSE 100 -0.1% at 6,869, CAC-40 -0.2% at 4,496, IBEX-35 -0.3% at 10,554, FTSE MIB -0.4% at 21,174, SMI +0.4% at 8,580, S&P 500 Futures flat at 1,894]

***By Sector***
- Financials [3i III.UK +3.5% (FY returns rose); UBI UBI.IT -3% (tax probe)]
- Basic Materials/Resources [FLSmidth FLS.DK +5% (Q1 above ests), K+S SDF.DE +2% (Q1 profits above ests); Glencore GLEN.UK -1.5% (ex dividend)]
- Consumer Discretionary [Just Eat JE.UK +7% (broker commentary), Ferragmo SFER.IT +3% (Q1 profits above ests); ITV ITV.UK -5% (cautious outlook for studios unit), Mediaset MS.IT -5% (reported Q1 net loss), Hugo Boss BOS.DE -3% (ex dividend)]
- Consumer Staples [Compass Group CPG.UK +4% (special dividend)]
- Telecom [Numericable NUM.FR +2% (Q1 profits rose y/y); Inmarsat ISAT.UK -1.5% (ex-dividend)]
- Industrials [John Wood Group WG.UK +2% (upbeat outlook)]
- Utilities [RWE RWE.DE -0.5% (Q1 results below ests)]
- Energy [Nordex NDX1.DE +8% (raised outlook)]
- Stoxx50 sectors [Consumer Cyclical +0.6%, Technology 0.5%, Basic Materials +0.2%, Energy +0.1% Consumer Non-Cyclical +0.1%, Telecom flat, Financials flat; Industrials -0.9%Utilities -0.7%]

***Currencies/Fixed Income***
- Numerous ECB speak continued to hint of potential action at the June meeting but Northern members stressing various options being considered but that conventional means had not been exhausted. The EUR/USD held above the pivotal support of 1.3690
- BOE quarterly report should be considerably more upbeat and bring upward GDP and CPI projections while marking a less dovish tone than the previous report in February. Key focus will be on spare capacity (was seen at 1.5% in Feb and thought not to be absorbed for 2-3 years). GBP/USD was slightly softer heading into the report at 1.6820 area (1.7050 remained the pivotal long-term resistance). Market has been building expectations that BOE would begin its tightening cycle in Nov (current BOE view is Q2 2015 and after the May election). The Mar Earnings data came out softer than expected (hinting that slack was not disappearing) and this weighed upon cable ahead of the inflation report
- Germany 10-year gov yield dips below 1.40% for 1-year low

***Economic Data***
- (DE) Germany Apr Final CPI M/M: -0.2% v -0.2%e; Y/Y: 1.3% v 1.3%e
- (DE) Germany Apr Final CPI EU Harmonized M/M: -0.3% v -0.3%e; Y/Y: 1.1% v 1.1%e
- (FI) Finland Apr CPI M/M: 0.1% v 0.2%e; Y/Y: 1.1% v 1.2%e
- (FI) Finland Mar Final Retail Sales Volume Y/Y: -1.9% v -1.9% prelim
- (JP) Japan Apr Preliminary Machine Tool Orders Y/Y: 48.8% v 41.8% prior
- (FR) France Apr CPI M/M: 0.0% v 0.1%e; Y/Y: 0.7% v 0.9%e; CPI Ex-Tobacco Index: 126.24 v 126.38e
- (FR) France Apr CPI EU Harmonized M/M: 0.0% v 0.1%e; Y/Y: 0.8% v 0.9%e
- (ES) Spain Apr CPI M/M: 0.9% v 0.9%e; Y/Y: 0.4% v 0.4%e
- (ES) Spain Apr CPI EU Harmonized M/M: 0.6% v 0.6%e; Y/Y: 0.3% v 0.3%e
- (ES) Spain Apr CPI Core M/M: 1.0% v 0.5% prior; Y/Y: 0.3% v 0.3%e
- (HU) Hungary Mar Final Industrial Production M/M: 0.4% v 0.4% prelim; Y/Y: 8.1% v 8.1% prelim
- (EU) ECB 2.0M borrowed in overnight loan facility vs. 0.0M prior; 38.6B parked in deposit facility vs. 33.5B prior - Daily Eurosystem Liquidity Conditions
- (NL) Netherlands Mar Retail Sales Y/Y: -2.2% v +0.3% prior
- (UK) Apr Jobless Claims Change: -25.1K v -30.0Ke (18 straight months of improvement); Claimant Count Rate: 3.3% 3.3%e (lowest level since Jan 2009)
- (UK) Mar Average Weekly Earnings 3M/Y: 1.7% v 2.1%e; Weekly Earnings ex Bonus 3M/Y: 1.3% v 1.5%e
- (UK) Mar ILO Unemployment Rate: 6.8% v 6.8%e (2nd straight month below the 7.0% BOE Threshold); Employment Change 3M/3M: +283K v +248Ke

- (IT) Italy Mar General Government Debt: 2.120T (record level) v 2.107T prior
- (EU) Euro Zone Mar Industrial Production M/M: -0.3% v -0.3%e; Y/Y: -0.1% v +0.9%e
- (CH) Swiss May Credit Suisse ZEW Expectations Survey: 7.4 v 7.0 prior

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

- (FI) Finland advance voting in European Parliament Elections
- (CH) Swiss govt holds regular meeting
- (RU) Russia to sell RUB10B in Aug 2023 bonds
- 05:30 (UK) Bank of England (BOE) Inflation Report
- 05:30 (ZA) South Africa Apr SACCI Business Confidence: No est v 92.7 prior
- 05:30 (DE) Germany to sell 5.0B in 0.25% 2016 Schatz
- 06:00 (EU) OECD Mar Unemployment Rate: No est v 7.5% prior
- 06:45 (US) Daily Libor Fixing
- 07:00 (US) MBA Mortgage Applications w/e May 9th: No est v +5.3% prior
- 07:00 (ZA) South Africa Mar Retail Sales M/M: -0.8%e v -0.2% prior; Y/Y: 2.2%e v 2.2% prior
- 07:00 (RU) Russia to sell RUB10B in Aug 2023 bonds
- 07:00 (UK) PM Cameron weekly question time in House of Commons
- 08:00 (HU) Hungary Central Bank (NBH) Minutes
- 08:00 (PL) Poland Apr CPI M/M: 0.3%e v 0.1% prior; Y/Y: 0.7%e v 0.7% prior
- 08:00 (PL) Poland Apr M3 Money Supply M/M: 0.2%e v 1.1% prior; Y/Y: 5.0%e v 5.1% prior
- 08:15 (US) Baltic Dry Bulk
- 08:30 (US) Apr PPI Final Demand M/M: 0.2%e v 0.5% prior; Y/Y: 1.7%e v 1.4% prior
- 08:30 (US) Apr PPI Ex Food and Energy M/M: 0.2%e v 0.6% prior; Y/Y: 1.7%e v 1.4% prior
- 08:30 (CL) Chile Central Bank's Traders Survey
- 09:00 (CA) Canada Apr Teranet/National Bank HPI M/M: No est v 0.0% prior; Y/Y: No est v 4.6% prior; House Price Index: No est v 160.42 prior
- 10:00 (DE) German Fin Min Schaeuble speaks at EU Parliamentary Election Rally, Gifhorn
- 10:30 (US) Weekly DOE Crude Oil Inventories
- 11:00 (DE) German Chancellor Merkel gives EU Election campaign speech in Wittenberge
- 11:00 (US) Fed to purchase $0.35-0.60B in bonds
- 12:00 (CA) Canada to sell 3-Year Bonds
- 12:00 (IS) Iceland Apr International Reserves (ISK): No est v 468B prior
- 13:00 (DE) German Fin Min Schaeuble at EU Parliamentary Election rally, Stadthagen
- 13:00 (DE) German Chancellor Merkel gives EU Election campaign speech in Berlin




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 15 Oct 2018
AA 12:30 US- Retail Sales
Tue 16 Oct 2018
AA 08:30 GB- Employment
A 09:00 DE- ZEW Survey
A 13:15 US- Industrial Production
Wed 17 Oct 2018
AA 08:30 GB- CPI
A 09:00 EZ- Final HICP
A 12:30 US- Housing Starts/Permits
A 14:00 US- Existing Homes Sales
A 14:30 US- EIA Crude
AA 18:00 US- Fed Policy Minutes
Thu 18 Oct 2018
A 1:30 AU- Employment
AA 08:30 GB- Retail Sales
A 12:30 US- Weekly Jobless
Fri 19 OCt 2018
AA 12:30 CA- CPI/ Retail Sales

John M. Bland, MBA
co-founding Partner,

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