User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday June 12, 2014 - 06:18:52 GMT
Trade the News Staff - www.tradethenews.com/freetrial.asp?gv

Share This Story:
| | Email

radeTheNews.com Asian Market Update: NZD hits 3-week highs on hawkish statement accompanying RBNZ rate hike; Australia employment falls but only o - Source TradeTheNews.com

(NZ) NEW ZEALAND CENTRAL BANK (RBNZ) RAISES OFFICIAL CASH RATE BY 25BPS TO 3.25%, AS EXPECTED >- (AU) AUSTRALIA MAY EMPLOYMENT CHANGE: -4.8K V +10.0KE (1s decline in 4 months); UNEMPLOYMENT RATE: 5.8% V 5.8%E - (AU) AUSTRALIA APR CREDIT CARD BALANCES (A$): 49.8B V 49.8B PRIOR; CREDIT CARD PURCHASES: 21.3B V 23.0B PRIOR - (KR) BANK OF KOREA (BOK) LEAVES 7-DAY REPO RATE UNCHANGED AT 2.50% (AS EXPECTED); 13th straight pause - (JP) JAPAN MAY TOKYO AVERAGE OFFICE VACANCIES: 6.5% V 6.6% PRIOR - (JP) JAPAN APR MACHINE ORDERS M/M: -9.1% (biggest decline in 4 months) V -10.8%E; Y/Y: 17.6% V 13.3%E - (KR) SOUTH KOREA MAY EXPORT PRICE INDEX M/M: -1.6% V -2.7% PRIOR; Y/Y: -8.1% V -7.4% PRIOR; IMPORT PRICE INDEX M/M: -1.7% V -2.5% PRIOR; Y/Y: -6.8% V -6.9% PRIOR - (UK) UK MAY RICS HOUSE PRICE BALANCE: 57% V 52%E Market Snapshot (as of 03:30 GMT): - Nikkei225 -0.8%, S&P/ASX -0.3%, Kospi -0.2%, Shanghai Composite -0.2%, Hang Seng -0.3%, Jun S&P500 +0.1% at 1,945, Aug gold flat at $1,261, Jul crude oil +0.2% at $104.60/brl ***Highlights/Observations/Insights*** - NZD rose as much as 90pips against the dollar to 0.8650 (3-week high) and 120pips in the AUD/NZD cross following a much more hawkish than expected RBNZ statement accompanying its widely anticipated rate hike. After tightening rates by 25bps, RBNZ projected June-end GDP at 4%, reiterated that prices for New Zealands export commodities remain historically high, and also noted the high level of NZ$ not sustainable at current levels. The rally behind the kiwi was mainly due to the RBNZ projections coming as part of its quarterly policy statement, as it affirmed Dec-end 90-day bill rate at 4%, potentially signally another 2 rate hikes this year. 2016-end is still seen at 5.2%, which does little to sway or slow its previously forecasted tightening cycle of 200bps. Traders anticipated today's statement to be much more dovish and possibly signal a pause due to slowing dairy prices and persistent strength in the NZD. Instead, even some of the more skeptical analysts have now renewed expectations for another 25bp move next month. - Australia net employment fell for the first time in 4 months and widely missed expected increase of 10K jobs, however the move lower in AUD was as brief as it was negligible. Despite the headline miss, most of the losses were in the part-time sector, which shed 27K jobs, while full-time actually gained 22K. This was also evident in the total hours worked component, as it saw its biggest rise of 26.5M in 13 months and largely made up for participation rate falling to a 8-year low of 64.6%. AUD/USD matched its 1-month highs just above $0.9410 after the RBNZ rate decision, and only sold off some 10pips on the jobs report to session-low $0.9365. - Bank of Korea left rates on hold as widely expected in another unanimous decision. BOK said global economy is expected to sustain modest recovery while domestic growth has been impacted by the falling consumer confidence due to the ferry accident. BOK also reiterated economy will maintain negative output gap for time being and pointed to slowing growth in EM and the US taper as key external risks. - Ahead of tomorrow's BOJ decision, local press speculated the central bank would raise its outlook on foreign economies (mainly due to strength in US jobs) while once again maintaining economic assessment for Japan. Also of note tomorrow, Japan govt will unveil draft economic policy guidelines speculated to contain a formal commitment to lower corporate tax rates of as low as in the 20pct. USD/JPY retested above the 102 handle, up about 15pips on the day. ***Speakers/Political/In the Papers*** - (CN) China state researcher Fan: China may continue to conduct targeted RRR cuts; PBoC should cut interbank rate to 2% - Chinese press - (CN) Goldman Sachs China economist Song Yu: China economy likely to regain growth momentum during H2 2014 - Chinese press - (CN) China Premier Li Keqiang: China has achieved 60% of 2014 employment target during Jan-May - financial press - (CN) China SAFE (fx regulator): fast accumulation of fx reserves increases difficulties to set macro economic policies - financial press - (JP) BOJ could raise its outlook on foreign economies in policy statement this week; Expected to leave domestic economic assessment unchanged as "continued to recover moderately" - Nikkei News - (JP) BOJ to consider maintaining large balance sheet after meeting its inflation target - financial press - (JP) Japan govt and ruling party officials said to have decided to cut corporate tax rate to 20% over the next several years (current rate above 35%) - Nikkei - (KR) South Korea reportedly may replace Fin Min Hyun soon - Korean press ***Fixed Income/Commodities/Currencies*** - JGB: (JP) Japan MoF sells 242.6B in 0.2% (0.2% prior) 5-yr Notes; Avg yield: 0.183% v 0.185% prior; Bid to cover: 4.47x v 4.62x prior - (CN) PBoC to drain CNY40B in 28-day repos (33rd consecutive drain); Injects net CNY104B this week v injected CNY73B prior (5th consecutive week of net injection) - SLV: iShares Silver Trust ETF daily holdings fall to 10,321 tonnes from 10,354 tonnes prior (lowest since Jun 2nd) ***Equities*** US markets: - RH: Reports Q1 $0.18 v $0.10e, R$366M v $346Me; +13.8% afterhours - SMG: Reaffirms FY14 $3.05-3.20 v $3.20e; cuts FY14 sales guidance to flat y/y (implies FY14 Rev approx $2.82B v $2.85Be) [prior guidance was Rev +2-3% y/y] Notable movers by sector: - Financials: WesFarmers WES.AU -0.6% (to sell insurance broking and premium funding unit) - Materials: Metallurgical Corp of China 1618.HK -2.6% (May sales results) - Energy: Xinyi Solar 968.HK +6.6% (H1 guidance) - Industrials: Chongqing Gangjiu 600279.CN +2.6%, Nanjing Port 002040.CN +4.7%, Shanghai International Port 600018.CN +1.5% (China State Council calls for development of Yangtze economic zone); Takata Corp 7312.JP -2.7%, Toyota Motor 7203.JP -0.6% (vehicle recalls); Xinyi Glass 868.HK -4.5% (H1 guidance); Hitachi 6501.JP -0.8% (FY15/16 sector sales target); Mitsubishi Heavy 7011.JP +1.7% (no decision for Alstom unit); Downer EDI DOW.AU -2.9% (analyst action); Leighton Holdings LEI.AU +0.9% (outlines strategic blueprint) - Healthcare: Ramsay Health Care RHC.AU +3.2% (analyst action) - 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."



Elevate Your Trading With The Amazing Trader!

The Amazing Trader includes:
  • Actionable trading levels delivered to YOUR charts in real-time.
  • Live trading strategy sessions.
  • Market Updates with Trading Tools.

Register To Test Your Amazing Trader


Trading Ideas for 21 November 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:


Tue 21 Nov
15:00 US- Existing Homes Sales
23:00 US- Yellen Speech
Wed 22 Nov
13:30 US- Weekly Jobless
13:30 US- Durable Goods
15:00 US- final University of Michigan Survey
15:30 US- EIA Crude
19:00 US- FOMC Minutes
Thu 23 Nov
US/JP- Holiday
All Day flash PMIs
13:30 CA- Retail Sales
Fri 24 Nov
All Day flash PMIs
09:00 DE- IFO Survey
US- Early Closes

Forex Trading Outlook


Potential Trading Opportunities


  • POTENTIAL PRICE RISK: HIGH Mon -- 14:00 GMT EZ- Draghi speaks in Brussels. Looking for any policy hints or bias


  • POTENTIAL PRICE RISK: HIGH Tue -- 13:30 GMT US- Existing Homes Sales. Top Housing Statistic

  • POTENTIAL PRICE RISK: HIGH Tue -- 23:30 GMT US- Yellen Speech. Early evening. Looking for anything on policy


  • POTENTIAL PRICE RISK: Medium Wed -- 13:30 GMT US- Weekly Jobless, Durable Goods
  • POTENTIAL PRICE RISK: Medium Wed -- 15:00 GMT US- final University of Michigan Survey
  • POTENTIAL PRICE RISK: Medium Wed -- 15:30 GMT US- EIA Crude
  • POTENTIAL PRICE RISK: HIGH Wed -- 19:00 GMT US- FOMC Policy Minutes. Key policy release


John M. Bland, MBA
co-founding Partner, Global-View.com

EXCLUSIVE: Global-View Daily Trading Chart Points Updated

EXCLUSIVE: Global-View Free Forex Database updated




TRADER ADVOCACY ARTICLES

Trader's Advocate Articles..

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.

Copyright ©1996-2014 Global-View. All Rights Reserved.
Hosting and Development by Blue 105