User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Monday May 19, 2014 - 10:10:38 GMT
Trade the News Staff -

Share This Story:
| | Email EU Market Update: AstraZeneca rejects 'Final' offer by Pfizer; ECB bond buying back under focus

Mon, 19 May 2014 5:31 AM EST

- ECB's Praet: Recommends a cut of 10bps in both Main Refi and Deposit facility at June 5th meeting - Spiegel
- Candidates for right and center Social Democrats lead polls to replace European Commission President Barroso - Les Echos
- Hungary Central Bank's Balog: There is reason to rethink main interest target range of 2.50-3.00% based upon CPI - local media
- AstraZeneca rejects Pfizer's "final" offer, shares fall over 13%
- Japan Vice Econ Min Nishimura: Economy is in line with expectations; both Govt and BOJ stand ready to act appropriately to risks
- ECB: No plans to sell significant amounts of gold - Statement on 4th Central Bank Gold Agreement
- (CN) China Apr New Home Prices rise in 44 of 70 cities (compares to 56 cities in March); Shanghai Composite falls 1% in session with property developers under pressure
- Peripheral yield reversed earlier price action of lower yields on reports that Germany campaigners were asking European Court of Justice (ECJ) to block ECB's OMT bond purchases.
- ECB's Weidmann warned of targeting weaker EUR currency

- Market Focal Points/Key Themes: Equity markets open mixed following negative leads from Asia and amid wider peripheral debt spreads, FTSE MIB underperforms on ex-dividends, Athens Stock Exchange supported following local election results, M&A in focus (Astrazeneca rejects Pfizer's revised bid, AT&T bids for DirecTV), Deutsche Bank shares' weighed down by capital raise, Ryanair gains on better than expected results and special dividend, Gulf markets decline sharply with some citing profit taking (Dubai -4%)

- Indices [Stoxx50 -1%, FTSE 100 -0.6% at 6,812, DAX -0.7% at 9,559, CAC-40 -0.7% at 4,426, IBEX-35 -1% at 10,371, FTSE MIB -2.5% at 20,109, SMI -0.9% at 8,603, S&P 500 Futures -0.4% at 1,868]

***By Sector***
- Healthcare [AstraZeneca AZN.UK -12% (rejected 'final' offer from Pfizer), Fresenius SE FRE.DE -1.5% (ex dividend)]
- Financials [Deutsche Bank DBK.DE -1.5% (capital raise)]
- Consumer Discretionary [Ryanair RYA.UK +4.5% (FY results above ests, special dividend)]
- Technology [Software AG SOW.DE -1% (ex dividend)]
- Energy [PV Crystalox Solar PVCS.UK -19% (cautious pricing outlook)]
- Industrials [Saab SAABB.SE -4% (Switzerland rejected Gripen fighter purchase)]
- Stoxx50 sectors [Energy -0.9%, Financials -0.7%, Consumer Cyclical -0.4%, Industrials -0.3%, Consumer Non-Cyclical -0.3%, Telecom -0.3%, Technology -0.3%; Utilities +0.1%, Basic Materials flat]

***Currencies/Fixed Income***
- The major pairs saw limited action in the session.
- The USD/JPY pair tested a pivotal area between 101.20-30 area in the session seen as pivotal 4-month support line and near the 200-day moving average
- Peripheral yield reversed earlier price action of lower yields. Some dealers noting reports that Germany campaigners were asking European Court of Justice (ECJ) to block ECB's bond purchases. Both Italy and Spanish 10-year gov't yield went from down 2bps to up 7bps after the report circulated

***Economic Data***
- (JP) Japan Apr Tokyo Condominium Sales Y/Y: No est v -9.7% prior
- (IL) Israel Apr M1 Money Supply Y/Y: 20.7 v 16.1% prior
- (IL) Israel May CPI Forecast: 1.3% v 1.6% prior
- (CZ) Czech Apr PPI Industrial M/M: 0.0% v 0.0%e; Y/Y: -0.3% v -0.3%e
- (CZ) Czech Mar Export Price Index Y/Y: 3.3% v 4.4% prior; Import Price Index Y/Y: 1.3% v 2.9% prior
- (CH) SNB: Swiss sight deposits for week ended May 16th: 307.0B v 308.0B prior
- (EU) ECB 11M borrowed in overnight loan facility vs. 0.0M prior; 17.5B parked in deposit facility vs. 18.9B prior - Daily Eurosystem Liquidity Conditions
- (SE) Sweden Apr Unemployment Rate: 8.7% v 8.5%e; Unemployment Rate (Seasonally Adj): 8.2% v 8.0%e; Unemployment Rate Trend: 8.1% v 8.1% prior
- (ES) Spain Mar Trade Balance: -2.1B v -1.6B
- (ES) Spain March Bad Loan Ratio: 13.4% v 13.4% prior
- (HK) Hong Kong Apr Unemployment Rate (Seasonally Adj): 3.1% v 3.1%e
- (EU) Euro Zone Mar Construction Output M/M: -0.6% v +0.4% prior; Y/Y: 5.2% v 7.5% prior

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

- (SK) Slovakia Debt Agency (ARDAL) to sell Bonds
- 05:30 (BE) Belgium Debt Agency to sell 1.5-2.0B in 2019 and 2024 OLO bonds
- 05:30 (NL) Netherlands Debt Agency (DSTA) to sell up to 4.0B in 3-month and 6-month Bills
- 05:30 (FR) ECB's Coeure (France) in Paris
- 06:00 (PT) Portugal Apr PPI M/M: No est v -0.2% prior; Y/Y: No est v -1.4% prior
- 06:00 (IL) Israel to sell 2019, 2023 and 2024 bonds
- 06:45 (US) Daily Libor Fixing
- 07:00 (BR) Brazil May IGP-M Inflation 2nd Preview: 0.1%e v 0.8% prior
- 07:00 (RO) Romania to sell RON400M in Bonds
- 07:30 (BR) Brazil Central Bank Weekly Economists Survey
- 08:00 (PL) Poland Apr Employment M/M: 0.1%e v 0.1% prior; Y/Y: 0.8%e v 0.5% prior
- 08:00 (PL) Poland Apr Average Gross Wages M/M: -0.8%e v +4.2% prior; Y/Y: 4.0%e v 4.8% prior
- 08:00 (EU) NATO Sec Gen Rasmussen
- 08:15 (US) Baltic Dry Bulk
- 08:30 (CL) Chile Q1 GDP Q/Q: +0.6%e v -0.1% prior; Y/Y: 2.4%e v 2.7% prior
- 08:30 (CL) Chile Q1 Current Account Balance: -$150Me v -2.4B prior
- 08:50 (FR) France Debt Agency (AFT) to sell combined 6.8-8.0B in 3-month, 6-month and 12-month Bills
- 09:30 (EU) ECB announces amount in next 7-day Term Deposit Tender to offset govt bond purchases under SMP
- 09:35 (EU) ECB calls for Bids in 7-Day Main Refinancing Tender at fixed 0.25%
- 11:00 (US) Fed to purchase $1.50-2.0B in Notes
- 11:30 (US) Treasury to sell $48B in 3-Month and 6-Month Bills
- 12:10 (US) Fed's Williams and Fisher in Dallas
- 12:50 (US) Former Fed Chairman Bernanke in Dallas
- 13:30 (BR) Brazil May CNI Industrial Confidence: No est v 49.2 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."

Actionable trading levels delivered to YOUR charts in real-time.

Register To Test Your Amazing Trader

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Tue 17 July 2018
AA 08:30 GB- Employment
A 13:15 US- Industrial Production
AA 14:00 US-Powell Testimony
Wed 18 July 2018
AA 08:30 GB- CPI
A 12:30 US- Housing Starts/Permits
AA 14:00 US-Powell Testimony
Thu 19 July 2018
AA 1:30 AU- Employment
AA 08:30 GB- Retail Sales
A 14:30 US- EIA Crude
A 12:30 US- Weekly Jobless
Fri 20 Jun 2018
A 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