User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday June 11, 2014 - 05:03:10 GMT
Trade the News Staff - www.tradethenews.com/freetrial.asp?gv

Share This Story:
| | Email

TradeTheNews.com Asian Market Update: World Bank slashes Global, China, and US GDP outlook for 2014; House Speaker Cantor loses his primary - Source TradeTheNews.com

(AU) AUSTRALIA JUN WESTPAC CONSUMER CONFERENCE INDEX: 93.2 V 92.9 PRIOR; M/M: +0.2% V -6.8% PRIOR - (AU) Australia ANZ Roy Morgan Weekly Consumer Confidence: 102.2 v 102.2 prior - (NZ) NEW ZEALAND MAY RETAIL CARD SPENDING M/M: 1.3% (highest reading in 7 months) V 0.5%E; TOTAL CARD SPENDING M/M: +1.7% V -0.2% PRIOR - (JP) JAPAN Q2 BSI LARGE ALL INDUSTRY Q/Q: -14.6 V 12.7 PRIOR; BSI LARGE MANUFACTURING Q/Q: -13.9 (biggest decline since Q3 2011) V 12.5 PRIOR - (JP) JAPAN MAY DOMESTIC CGPI M/M: 0.3% V 0.1%E; Y/Y: 4.4% (5-year high) V 4.1%E - (KR) SOUTH KOREA APR MONEY SUPPLY L M/M: 0.5% V 0.2% PRIOR; M2 M/M: 0.4% V 0.5% PRIOR - (KR) SOUTH KOREA MAY BANK LENDING TO HOUSEHOLD (KRW): 485.3T V 483.4T PRIOR - (KR) SOUTH KOREA MAY UNEMPLOYMENT RATE (SEASONALLY ADJ): 3.7% V 3.6%E - (PE) Peru Central Bank cuts reserve requirement ratio (RRR) by 50 bps to 11.5% from 12.0% Market Snapshot (as of 03:30 GMT): - Nikkei225 +0.3%, S&P/ASX -0.3%, Kospi +0.1%, Shanghai Composite -0.2%, Hang Seng -0.4%, Jun S&P500 -0.1% at 1,949, Aug gold +0.1% at $1,261, Jul crude oil +0.1% at $104.45/brl ***Highlights/Observations/Insights*** - World Bank's Global Economic Prospects announced a cut to 2014 worldwide and other GDP projections. Global growth outlook was lowered to 2.8% v 3.2% due to weaker BRICS, China 2014 lowered to 7.6% v 7.7% prior, US forecast cut to 2.1% v 2.8% prior, Japan to 1.3% v 1.4% prior, and Euro area affirmed at 1.1%. Note that China was also the only one of the large economies where 2015 and 2016 GDP is seen lower - 7.5% and 7.6% respectively. US GDP is expected to rebound to 3% the next two years, while Euro area GDP is sen at 1.8% in 2015 and 1.9% in 2016. WB said high-income country recovery is underway, while the pickup in developing world is proceeding slowly. - PBoC annual report was a reiteration of recent commentary, affirming prudent monetary policy and proactive fiscal policy for 2014, pledging to increase support for direct financing, and looking to accelerate interest rate liberalization. - Australia Westpac Consumer Confidence for June rebounded from its biggest drop in a year last month but just slightly. Westpac economist said the Index is still in firmly pessimistic territory, as concerns related to the govt's recent budget cuts continued to weigh on consumer sentiment. - Japan Ministry of Finance released its outlook for the 2nd quarter widely foreshadowing the expected post sales tax hike contraction. The 15pt drop in All Industry manufacturing survey was the biggest since late 2011. MoF did revise its FY14 CAPEX projections higher after a much stronger than expected Q1 Final GDP report in that component to +4.5% from -5.1% prior forecast. - In a political shock to the Republican side, House Majority leader Cantor (R-VA) lost in his Virginia Primary to a Tea Party activist David Brat. Cantor had been widely speculated to take over the Speakership from John Boehner in the future. Tea Party candidate win also restores that movement's credibility and potentially weighs on GOP bid to retake the majority in the Senate. ***Speakers/Political/In the Papers*** - (CN) PBoC releases 2013 annual report; Reiterates prudent monetary policy and proactive fiscal policy for 2014 - financial press - (CN) China Ministry of Finance (MOF): China May fiscal revenue CNY1.37T, +7.2% y/y; fiscal spending CNY1.28T, +24.6% y/y - financial press - (CN) China Association of Automobile Manufacturers (CAAM) May auto sales 1.91M units, +8.5% y/y, -4.6% m/m - Shanghai Daily - (KR) According to Bank of Korea (BOK), household loans by local banks in Apr rose by KRW5T m/m to KRW695.5T; Biggest increase in 4 months - Korean press - (KR) South Korea Pres Park may reshuffle Cabinet this week - Korean press ***Fixed Income/Commodities/Currencies*** - (JP) BOJ offers to buy 200B in JGB with maturity under 1-yr, 400B in 5-10yr JGB, and 100B in Corporate Bonds - (AU) Australia MoF (AOFM) sells A$700M in 3.25% bonds due 2029; Average yield: 4.2055%; Bid-to-cover: 2.61x - (US) PIMCO's Gross Raises Total Return Fund's holding of US Treasuries to 50% in May from 40% in Apr - (US) API PETROLEUM INVENTORIES: CRUDE: +1.5M v -2Me, GASOLINE: -441K v +0.5Me, DISTILLATE: -298K v +1Me - In USD majors, the greenback was modestly firmer vs the euro but weaker against JPY, AUD, and NZD. EUR/USD extended its slide by about 25pips to $1.3520, USD/JPY fell nearly 20pip to 102.20, while AUD/USD and NZD/USD rose about 20pips above $0.9380 and $0.8540 respectively. Precious metals eked out further gains - Aug gold rose $3 to $1,262 and Jul Silver broke above $19.20. ***Equities*** US markets: - SYNA: Guides Q4 higher to R$300-310M v $280Me ($275-295M prior); +17.7% afterhours - ULTA: Reports Q1 $0.77 v $0.73e, R$713.8M v $699Me; +10.1% afterhours - AIG: Promotes Peter D. Hancock to President and CEO; effective Sept 1st - PRU: Board of Directors authorizes $1B (2.4% of market cap) in share repurchases Notable movers by sector: - Materials: Daido Steel 5471.JP -3.7% (analyst action); Aichi Steel 5482.JP -3.3% (analyst action); CNNC Hua Yuan Titanium Dioxide 002145.CN +0.9% (raises product price); Discovery Metals DML.AU +7.2% (operations update); Aquila Resource AQA.AU +3.2% (block trades, speculation of a stake increase by Mineral Resources) - Industrials: Downer EDI DOW.AU -10.6% (termination of contract); Shandong Fin CNC Machine 002270.CN +3.0%, Siasun Robot & Automation 300024.CN +1.7%, Dalian Zhiyun Automation 300097.CN +1.0% (China Pres Xi comments on robotics) - Utilities: Beijing Water Business Doctor 300055.CN +5.7%, Beijing Originwater Technology 300070.CN +5.1%, Shanghai Safbon Water Service 300262.CN +10.0% (China submits water pollution curb plan) - Source TradeTheNews.com

 

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.


pic

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 Global-View.com.

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

Global-View.com 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 Global-View.com. 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.

 

WARNING: FOREIGN EXCHANGE TRADING AND INVESTMENT IN DERIVATIVES CAN BE VERY SPECULATIVE AND MAY RESULT IN LOSSES AS WELL AS PROFITS. FOREIGN EXCHANGE AND DERIVATIVES TRADING IS NOT SUITABLE FOR MANY MEMBERS OF THE PUBLIC AND ONLY RISK CAPITAL SHOULD BE APPLIED. THE WEBSITE DOES NOT TAKE INTO ACCOUNT SPECIAL INVESTMENT GOALS, THE FINANCIAL SITUATION OR SPECIFIC REQUIREMENTS OF INDIVIDUAL USERS. YOU SHOULD CAREFULLY CONSIDER YOUR FINANCIAL SITUATION AND CONSULT YOUR FINANCIAL ADVISORS AS TO THE SUITABILITY TO YOUR SITUATION PRIOR TO MAKING ANY INVESTMENT OR ENTERING INTO ANY TRANSACTIONS.

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