User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday June 24, 2014 - 15:35:52 GMT
Trade the News Staff -

Share This Story:
| | Email US Market Update: Strong US Data Lifts Stocks After Two-Day Pause

Tue, 24 Jun 2014 11:21 AM EST

***Economic Data***
- (ZA) South Africa Q1 Non-Farm Payrolls Q/Q: 0.1% v 0.4% prior; Y/Y: 0.5% v 0.5% prior
- (IE) Ireland May PPI M/M: 0.1% v 0.5% prior; Y/Y: -3.1% v -2.7% prior
- (TR) Turkey Central Bank (CBRT) cuts its Benchmark Repurchase by 75bps to 8.75%, more than expected
- (TR) Turkey Jun Capacity Utilization: 75.3% v 74.4% prior; Real Sector Confidence: 110.7 v 113.3 prior
- (US) ICSC Chain Store Sales w/e Jun 20th: w/w +2.0%; y/y: +4.1%
- (HU) Hungary Central Bank (NBH) cut its Base Rate by 10bps to 2.30%, as expected
- (US) Redbook Retail Sales w/e Jun 20th: +3.3% y/y, Jun MTD: -1.7% m/m, Jun MTD: +3.4% y/y
- (US) Apr CaseShiller/CS 20 City M/M: 0.19% v 0.80%e; Y/Y: 10.82% v 11.50%e; Home Price Index: 168.71 v 169.09e
- (US) Apr FHFA House Price Index M/M: 0.0% v 0.5%e
- (BE) Belgium Jun Business Confidence: -6.2 v -6.4e
- (MX) Mexico Apr Economic Activity Index Y/Y: 0.5% v 0.5%e
- (CL) Chile May PPI M/M: 1.7% v 0.0% prior
- (ES) Spain May YTD Spain Budget Balance: No est v -14.17B prior
- (BR) Brazil May Current Account Balance: -$6.64B v -$6.6Be; Foreign Direct Investment (FDI): $5.96B v $5.2Be
- (US) Jun Consumer Confidence Index: 85.2 v 83.5e
- (US) Jun Richmond Fed Manufacturing Index: 3 v 7e
- (US) May New Home Sales: 504K v 439Ke

- US markets have resumed their climb higher after two flattish sessions. As of writing, the DJIA is up 0.15%, the S&P500 is up 0.27% and the Nasdaq is up 0.70%

- The May new home sales data was very strong, with new home sales surging 18.6% from April to an adjusted rate of 504K, the highest level since 2008. Prices are up 7% y/y. Yesterday's May existing home sales were up 5% or so from April. Homebuilders are up again today, rising around 2-3% a piece in the early going. Note that the April S&P/CaseShiller home price index rose much less than expected, following the very strong showing in March.

- Philadelphia Fed President Plosser reiterated his hawkish stance in a speech this morning. Plosser said current policy guidance may be too passive given the continuing economic recovery. With inflation very close to the Fed's 2% target, Plosser warned that he was very uncomfortable with the fed funds rate at the zero bound, although he also the rise in CPI could always pull back and may not continue.

- Dubai's DFM stock index closed down 6.7% today, after being down more than 8% at one point. Shares on the DFM have plunged by almost 27% in seven weeks since May 6th, when the index hit a multi-year peak. One big negative driver has been construction giant Arabtec, with shares down 9.8 after the company confirmed a big round of layoffs. Other factors included big margin calls and the upcoming Ramadan holiday.

- Russia President Putin asked parliament to cancel a resolution sanctioning the use of military force in Ukraine, a move Ukraine President Poroshenko called a positive "practical step" toward bringing peace to eastern Ukraine. Note that there have been several incidents of violence in eastern Ukraine despite the ceasefire, including rebels shooting down a Ukraine helicopter. The MICEX is up 2.2% on the news and the RUB is also strengthening.

- Vertex is leading the Nasdaq much higher this morning thanks to very good results from two Phase III combination trials of Ivancaftor showed strong potential to be used in treating the most common form of cystic fibrosis. The data suggests the FDA could definitely approve the drug as a treatment for cystic fibrosis, and with the fevered merger atmosphere it also makes Vertex that much more attractive for potential suitors. Shares of VRTX are up 40% today.

- Shares of Walgreen are down 2% or so after the firm missed bottom-line expectations in its third quarter. Revenue climbed 6% y/y and met consensus views, while Rx comps were up 6.3%. Walgreen also said Tuesday it is considering the second step in its combination with Alliance Boots, which would involve possibly reincorporating in Switzerland for tax reasons.

***Looking Ahead***
- 11:30 (US) Treasury to sell $25B in 4-week and 52-week Bills
- 13:00 (BR) Brazil May Total Formal Job Creation: 88.0Ke v 105.4K prior
- 13:00 (US) Treasury to sell $30B in 2-Year Notes
- 15:30 (US) Fed's Williams
- 16:30 (US) Weekly API Oil Inventories
- 17:00 (KR) South Korea Jun Consumer Confidence: No est v 105 prior
- (AR) Argentina Jun Consumer Confidence Index: No est v 38.1 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.

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