User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday July 1, 2014 - 15:31:34 GMT
Trade the News Staff -

Share This Story:
| | Email US Market Update: Second Half of 2014 Opens with a Bang

Tue, 01 Jul 2014 11:22 AM EST

***Economic Data***
- (RO) Romania Central Bank (NBR) left Interest Rate unchanged 3.50%, as expected
- (US) ICSC Chain Store Sales w/e Jun 27th: w/w +1.0%; y/y: +4.6%
- (RU) Russia Q1 Final GDP Y/Y: 0.9% v 0.9% prelim
- (US) Redbook Retail Sales w/e Jun 27th: +3.1% y/y, Jun MTD: -1.7% m/m, Jun MTD: +3.3% y/y
- (BR) Brazil Jun Manufacturing PMI: 48.7 v 48.8 prior; 3rd straight contraction to an 11-month low
- (US) Jun final Market PMI Manufacturing PMI: 57.3 v 57.5
- (US) Jun ISM Manufacturing: 55.3 v 55.8e; Prices Paid: 58.0 v 60.0e
- (US) May Construction Spending M/M: 0.1% v 0.5%e
- (US) July IBD/TIPP Economic Optimism: 45.6 v 48.0e
- (MX) Mexico May Total Remittances: $2.14B v $2.2Be
- (MX) Mexico Jun Manufacturing PMI: 51.8 v 51.9 prior

- The last trading day of the second quarter failed generate any volatility from combined month-end and half-end rebalancing, and analysts highlighted that yesterday's S&P 500 volumes were about half the year-ago figures. Things have barely picked up today, and the solid PMI and auto sales figures are driving US equities sharply higher on the first day of the second half. As of writing, the DJIA is up 0.70%, the S&P500 is adding 0.60% and the Nasdaq is up 1.0%.

- Global PMI reports for the month of June trickled out overnight, with the data mixed and/or flattish in Europe, Japan and China, with practically no surprises either to the up or the downside. The US June ISM manufacturing report came in at 55.3, slightly below expectations and down a hair from the May reading of 55.4. Prices paid slipped to 58.0 in June from 60 in May, and order backlog fell to 48.0 from 52.5 in May. The final June Markit manufacturing PMI reading came in at 57.3, a bit below the preliminary reading of 57.5. Nevertheless, the data confirms output and new orders rose at fastest pace since April 2010.

- A day after announcing six additional safety recalls covering another 7.6 million vehicles, General Motors reported a very strong June US sales figure. GM sold 267.5K units, up 1% y/y, beating expectations for a roughly 6% decline in sales. This marked the third straight month of big sales gains since the weather-impacted winter selling season. Ford's sales fell 6%, right in line with expectations, while key truck sales fell at an even steeper rate. Like GM, Chrysler beat expectations although sales at +9.2% y/y were back in line with the February rate.

- Shares of Twitter are up more than 4% this morning after the social media firm named a new CFO. Former Goldman Sachs banker Anthony Noto has joined the firm as finance chief, while former CFO Gupta will stay with the company as head of Strategic Investments. In addition, Twitter began rolling out a potential shopping service, after tech blogs saw "buy now" buttons show up on certain tweets.

- Crude is mostly unchanged this morning in the lower half of the $105 handle as fighting rages in Iraq and the authorities in Bagdad continue to squabble over the formation of a new government. Meanwhile in Ukraine, combat is picking up again rapidly in the east after President Poroshenko's abandoned his unilateral ceasefire.

***Looking Ahead***
- (US) Jun Total Vehicle Sales: 16.40Me v 16.70M prior; Domestic Vehicle: 13.00Me v 13.11M prior
- 12:00 (IT) Italy Jun New Car Registrations Y/Y: No est v -3.8% prior
- 13:00 (MX) Mexico Jun IMEF Manufacturing Index (Seasonally Adj): 52.9e v 52.2 prior; Non-Manufacturing Index: 51.0e v 50.1 prior
- 14:00 (BR) Brazil Jun Trade Balance: $2.8Be v $712M prior; Total Exports: No est v $20.8B prior; Total Imports Y/Y: No est v $20.0B prior
- 21:30 (AU) Australia May Trade Balance: No est v -A$122M 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