User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Monday July 7, 2014 - 10:24:06 GMT
Trade the News Staff - www.global-view.com/forex-services/TTN/

Share This Story:
| | Email

TradeTheNews.com EU Market Update: Week begins on a quiet note


Mon, 07 Jul 2014 5:15 AM EST

***Notes/Observations***
- Trading week begins on a quieter tone as the summer lull set upon markets
- EU session shrugs off softer-than-expected German and Spanish industrial production reports
- US-China set to begin its 6th round of Strategic and Economic Dialogue

***Key Economic Data in session***
- (JP) Japan May Preliminary Leading Index CI: 105.7 v 105.9e; Coincident Index: 111.1 v 111.0e
- (CH) Swiss Jun Unemployment Rate: 2.9% v 2.9%e; Unemployment Rate (Seasonally Adj): 3.2% v 3.2%e
- (DE) Germany May Industrial Production M/M: -1.8% v 0.0%e; Y/Y: 1.3% v 3.6%e

- (ZA) South Africa Jun Gross Reserves: $48.7B v $49.3Be; Net Reserves: $44.8B v $44.7Be
- (AU) Australia Jun Foreign Reserves: A$62.9Bv A$65.1B prior
- (CH) Swiss Jun Foreign Currency Reserves (CHF): 449.6B v 445.0Be
- (ES) Spain May Industrial Output NSA Y/Y: +0.4% v -2.1% prior; Industrial Output SA Y/Y: 2.5% v 3.7%e
- (DK) Denmark May Industrial Production M/M: -2.8% v -0.5% prior
- (AT) Austria Jun Wholesale Price Index M/M: 0.1% v 0.1% prior; Y/Y: -1.1% v -1.5% prior
- (CZ) Czech May Industrial Output Y/Y: 2.5% v 5.9%e; Construction Output Y/Y: 0.0% v 8.0% prior
- (CZ) Czech May National Trade Balance (CZK): 13.0B v 15.0Be
- (EU) ECB 0M borrowed in overnight loan facility vs. 3.0M prior; 27.3B parked in deposit facility vs. 28.8B prior - Daily Eurosystem Liquidity Conditions
- (SE) Sweden May Household Consumption M/M: 0.1% v 0.3% prior; Y/Y: 3.3% v 4.3% prior
- (SE) Sweden Jun Budget Balance (SEK): -29.1B v +28.9B prior
- (TW) Taiwan Jun Trade Balance: $1.9B v $3.7Be; Exports Y/Y: 1.2% v 1.4%e; Imports Y/Y: +7.5% v -0.5%e
- (NO) Norway May Industrial Production M/M: -5.9% v -0.2%e; Y/Y: -4.0% v +3.2% prior
- (NO) Norway May Manufacturing Production M/M: -0.3%% v +0.2%e; Y/Y: 2.4% v 1.8% prior
- (UK) Jun Lloyds Employment Confidence: 1 v 4 prior
- (EU) Euro Zone July Sentix Investor Confidence: 10.1 v 7.8e
- (SG) Singapore Jun Foreign Reserves: $278.0B v $276.1B prior
- (MY) Malaysia Jun Foreign Reserves: $131.9B v $131.1B prior
- (IT) Bank of Italy Balance-Sheet Aggregates: Jun ECB funding to Italian banks: 179.6B v 216.4B prior

Fixed Income:
- None seen

*** SPEAKERS/FIXED INCOME/FX/COMMODITIES/ERRATUM ***
***Equities***
Indices [Stoxx50 -0.3%
, FTSE 100 -0.2% at 6,853, DAX -0.1% at 9,999, CAC-40 -0.4% at 4,453, IBEX-35 -0.4% at 10,967, FTSE MIB -0.5% at 21,445, SMI -0.3% at 8,650, S&P 500 Futures -0.2% at 1,974]

- Market Focal Points/Key Themes: European equity markets open mostly lower following last week's gains as traders seek direction from US markets, UK homebuilder Taylor Wimpey trades lower despite upbeat outlook, Renault raises forecast for European market, Swiss insurance merger (National Suisse and Helvetia Holding), PostNL rises sharply on improved outlook

By Sector
- Consumer Discretionary
[Air Berlin AB1.DE +5% (June traffic rose), Mediaset MS.IT +2% (sale of stake in Mediaset Premium), Renault RNO.FR +2% (raised forecast for European market)]
- Industrials [Ballast Nedam BALNE.NL -4% (H1 loss widened); PostNL PNL.NL +15% (raised outlook)]
- Telecom [Sky Deutschland SKYD.DE -2% (broker commentary); Tele2 TEL2B.SE +3% (asset sale)]
- Financials [National Suisse NATN.CH +25% (merger agreement), Banco Espirito Santo BES.PT +6% (expected management appoints)]
- Stoxx50 sectors [Basic Materials -0.7%, Industrials -0.5%, Energy -0.5%, Consumer Non-Cyclical -0.5%;Technology +0.4%, Utilities flat, Telecom flat, Consumer Cyclical flat, Financials flat]

Speakers:
- ECB's Nowotny presented Austrian Financial Stability Report
. He noted that measures taken back at its June 5th ECB meeting were having impact. Low interest rates were the right response but not sufficient for recovery
- Italy's Fin Min Padoan reiterated that its domestic economic recovery could be delayed as he saw contradictory signs for recovery
- Greece said to face an additional fiscal deficit of 2.0B for 2014/15 period and the Troika set to ask Greece for additional measures
- Poland Central Bank (NBP) updated its Staff projections which trimmed its CPI outlook for 2014 thru 2016 period but basically kept its growth outlook unchanged
- Poland Central Bank Chojna-Duch (dove): Staff projections shows need for more rate cuts. MPC would have difficulty justifying keeping Base Rate at 2.50% in coming months. She hoped that the next round of economic data would have the central bank drop its steady rate policy
- Russia First Deputy Min Shuvalov: Russia must protect its market after Moldova-EU trade association agreement
- Russia and Georgia to discuss ties following the recent signing of EU trade association agreement
- China PBoC Q2 Monetary Policy Statement reiterated that both economy and prices were stable
- China Vice Fin Min Zhu commented ahead of the 6th round of US-China Strategic and Economic Dialogue that the US must pay attention to external effects of QE taper. China to talk about impact of future Fed rate rise

Currencies/Fixed Income:
- Quiet start to the trading week with the major currency pairs little change and well within recent ranges
- The EUR/USD held below the 1.36 handle and did not react to weaker German industrial production data. Germany had previously noted that Q2 growth would be below Q1 levels.

Political/In the Papers:
- IMF head Lagarde suggested that the slow rate of investment could weigh on global growth - London Telegraph; According to Lagarde, the IMF's latest growth forecasts will differ slightly from the forecasts given in April
- (FR) France Fin Min Sapin: Calls for a rebalancing of the currencies used in global payments - FT
- (UR) Ukraine Govt forces recapture Slaviansk in Eastern Ukraine (a former rebel stronghold)

**Looking Ahead***
All times listed for economic events are denominated in Eastern Standard Time (Add 4 hours for GMT equivalent)
- (CA) Trans-Pacific Partnership (TPP) member nations continue meeting throughout week
- (EU) Euro Area Finance Ministers meet Poland Dep PM Piechocinski in Warsaw
- (AR) Argentina sends delegation to NY to meet Court mediator
- (IR) Iran and P5+1 powers hold talks in Vienna
- (EU) EFSF to sell debt upcoming transaction this week
- (IL) Israel Jun Foreign Currency Balance: No est v $86.5B prior
- (RU) Russia Jun Official Reserve Assets: $473.0Be v $467.2B prior
- 06:00 (NL) Netherlands Debt Agency (DSTA) to sell 2.0-4.0B in 3-Month and 12-Month Bills
- 06:00 (IS) Israel to sell 2016, 2017, 2019, 2021 and 2041 bonds
- 06:45 (US) Daily Libor Fixing
- 07:00 (IE) Ireland Jun Consumer Confidence: No est v 79.4 prior
- 07:30 (BR) Brazil Central Bank Weekly Economists Survey
- 08:00 (PL) Poland Jun Official Reserves: No est v $102.7B prior
- 08:15 (US) Baltic Dry Bulk Index
- 08:30 (CA) Canada May Building Permits M/M: 2.0%e v 1.1% prior
- 08:30 (CL) Chile May Economic Activity M/M: 1.0%e v 0.0% prior; Y/Y: 3.0%e v 2.3% prior
- 08:30 (CL) Chile Jun Trade Balance: $175Me v $1.5B prior; Total Exports: $7.0Be v $7.0B prior ; Total Imports: No est v $5.5B prior
- 08:30 (CL) Chile Jun Copper Exports: No est v $3.5B prior
- 08:50 (FR) France Debt Agency (AFT) to sell combined 6.4-7.6B in 3-month, 6-month and 12-month Bills
- 09:00 (MX) Mexico May Leading Indicators M/M: No est v 0.0 prior
- 09:00 (CL) Chile May Real Wage M/M: No est v -0.2% prior; Y/Y: No est v 1.2% prior
- 09:30 (EU) ECB calls for bids in 7-Day Main Refinancing Tender
- 10:00 (CA) Canada Jun Ivey Purchasing Managers Index (Seasonally Adj): No est v 48.2 prior; PMI Unadj: No est v 52.2prior
- 10:30 (CA) Bank of Canada (BOC): Q2 Senior Loan Officer Survey: No est v -10.9 prior; Business Outlook Future Sales: No est v 27 prior
- 11:00 (DE) ECB's Lautenschlager (Germany) in Hamburg
- 11:00 (US) Fed to purchase $2.50-3.25B in notes
- 11:30 (US) Treasury to sell 3-Month and 6-Month Bills
- 14:00 (NZ) New Zealand Central Bank (RBNZ) Gov Wheeler
- 16:00 (US) Crop Condition Report
- 19:50 (JP) Japan May Current Account Balance: 447.5Be v 187.4B prior; Adj Current Account: 158.1Bev 130.5B prior
- 19:50 (JP) Japan May Trade Balance: 845.2Be v -780.4B prior

-23:45 (JP) BOJ Dep Gov Nakaso speaks in Tokyo
- (MX) Mexico Banamex Survey of Economists
- (CO) Colombia Jun CPI Core M/M: No est v 0.2% prior; Y/Y: No est v 2.8% prior
- US Sec of State Kerry to visit China on July 8-10th for the US-China Strategic and Economic Dialogue

 

 

 

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