User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday May 22, 2014 - 05:43:46 GMT
Trade the News Staff -

Share This Story:
| | Email Asian Market Update: Equity indices broadly higher and Yen lower as China HSBC flash PMI sparks a rally - Source

- (CN) CHINA MAY HSBC/MARKIT FLASH MANUFACTURING PMI: 49.7 V 48.3E (5-month high; 2nd consecutive sequential increase; 5th month of sub-50 contraction) >- (JP) JAPAN MAY MARKIT/JMMA MANUFACTURING PMI: 49.9 (2nd consecutive contraction) V 49.4 PRIOR - (AU) Australia May Consumer Inflation Expectation: 4.4% v 4.2% prior (3-year high) - (NZ) NEW ZEALAND Q2 TWO-YEAR INFLATION EXPECTATION: 2.36% V 2.33% PRIOR - (NZ) NEW ZEALAND APR ANZ JOB ADS: 2.6% (4th consecutive increase) V 1.2% PRIOR - (TW) TAIWAN APR UNEMPLOYMENT RATE: 4.0% V 4.1%E - (KR) SOUTH KOREA APR DEPT STORE SALES Y/Y: -1.4% V -1.1% PRIOR; DISCOUNT STORE SALES Y/Y: -4.1% V -3.7% PRIOR Market Snapshot (as of 03:30 GMT): - Nikkei225 +1.6%, S&P/ASX +1.2%, Kospi +0.6%, Shanghai Composite +0.4%, Hang Seng +0.8%, Jun S&P500 +0.2% at 1,888, Aug gold +0.4% at $1,293, Jul crude oil flat at $104.04/brl ***Highlights/Observations/Insights*** - Risk-on sentiment, already on display in a strong session of gains on Wall St, shifted into high gear following the release of stronger than expected China HSBC flash manufacturing PMI. Despite remaining in sub-50 contraction territory for the 5th straight month, the contraction was also the smallest in the set and marked a 2nd consecutive month of sequential improvement. New export orders and Output prices - critical PMI components for their indication of external demand and domestic inflation - marked a change of direction toward expansion. Employment component remained soft however, with contraction actually deteriorating further. HSBC economist said "employment index fell further to 47.3, which implies that this month's uptick in sentiment has not yet filtered through to the labour market", and also warned that "downside risks to growth remain, particularly as the property market continues to cool." Nikkei225 is leading the charge, boosted by softer Yen, as USD/JPY rose nearly 40pips above 101.70. - In other notable economic data, Australia consumer inflation expectations hit a 3-year high of 4.4% - well above the 2-3% RBA target range. AUD/USD rally was mostly evident after the China PMI, with the pair spiking some 50pips above 0.9270. NZD/USD was up 30pips from the lows just before China data above 0.8580. RBNZ's 2-year inflation forecast was raised to 2.36% from 2.33% and 1-year forecast to 2.08% v 2.03% prior. RBNZ also projected 1-year GDP at 3.3%, up from 3.2% prior, while the 2-year was affirmed at 2.9%. - Among key equity movers, Australia's James Hardie is up over 3% after the company doubled its profit in Q4. China's reportedly priced its IPO at $19/ADS, above the prospected range of $16-18, despite the weak results and moderate afterhours declines in shares of SINA and Weibo. ***Fixed Income/Commodities/Currencies*** - (JP) Japan investors bought net 1.41T in foreign bonds last week vs bought net 345.7B prior week; Foreign Investors sold net 97.0B in Japan stocks last week vs sold net 153.7B in prior week - (CN) PBoC to drain CNY30B in 28-day repos (27th consecutive drain); Injects net CNY120B v injected CNY44B prior (2nd consecutive injection, biggest injection since third week of Jan) - (NZ) New Zealand renews currency swap facility with PBoC for CNY25B - USD/CNY: (CN) PBoC sets yuan mid point at 6.1658 v 6.1645 prior setting (weakest setting since Sept 6th) - GLD: SPDR Gold Trust ETF daily holdings fall 3.3 tonnes to 776.9 tonnes (2nd consecutive decline; Lowest since Dec 2008) ***Equities*** US markets: - WSM: Reports Q1 $0.48 v $0.44e, R$974M v $943Me; +5.9% afterhours - NTAP: Reports Q4 $0.84 v $0.80e, R$1.65B v $1.67Be; Raises quarterly dividend 10% to $0.165/shr from $0.15/shr; +1.0% afterhours - ATVI: Announces Sale of 41.5M shares of Common Stock by Vivendi S.A. (5.8% of shares outstanding); -0.6% afterhours - SINA: Reports Q1 $0.15 v $0.04e, R$171.5M v $170Me (in line with prelim Q1 on 5/2); -4.4% afterhours >- WB: Reports Q1 -$0.03 v -$0.13 y/y, R$67.5M v $25.9M y/y; -6.2% afterhours - JD: Said to have priced 93.7M share IPO at $19.00/ADR vs $16.00-18.00 forecasted - financial press - DRI: Starboard said to launch proxy fight for entire Darden Restaurants Board - financial press Notable movers by sector: - Consumer Discretionary: Li & Fung Ltd 494.HK +3.0% (comments from CEO) - Energy: Kansai Electric Power 9503.JP -3.7% (court rules against restart of reactors); Oil Search Ltd OSH.AU +1.5% (press speculation on merger with Woodside); Woodside Petroleum Ltd WPL.AU +1.7% (positive outlook) - Industrials: Zhengzhou Yutong Bus 600066.CN -5.7% (announces acquisition; plans private placement); Inner Mongolia Hotision & Monsod Drought Resistance Greening 300355.CN +1.4% (awarded contract); James Hardie JHX.AU +3.5% (Q4 results) - Technology: Skyworth Digital 751.HK -6.9% (FY profit warning); Gree Electric Appliances 000651.CN +0.7% (optimistic comment from Chairwoman); Leishi International 300104.CN +3.7% (enters strategic alliance) - Utilities: Changchun Gas 600333.CN +10.0%, Shaanxi Provincial Natural Gas 002267.CN +10.0% (China and Russia signs deal on natural gas) - Source


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