User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday July 25, 2014 - 09:53:46 GMT
Trade the News Staff -

Share This Story:
| | Email EU Market Update: German IFO survey falls for the 3rd straight month on geo-political concerns; UK economy back above its pre-crisis peak

Fri, 25 Jul 2014 5:10 AM EST

- Japan Jun CPI touch higher than expectations but down from month-ago levels; official stress too early to declare end to deflation (CPI YoY 3.6% v 3.5e)
- German IFO Business Sentiment falls for third straight month over geo-political concerns
- Euro Zone M3 data touch higher than expectations but Private lending fall for the 26th straight month
- UK Q2 GDP YoY reading shows economy back above its pre-crisis peak

***Key Economic Data in session***
- (SG) Singapore Jun Industrial Production M/M: -0.1% v -0.9%e; Y/Y: +0.4% v -0.9%e
- (UK) Retailer John Lewis reports weekly LFL Partnership sales for week ending July 18th: 7.3% v +5.8% prior
- (RU) Russia Narrow Money Supply w/e July 18th (RUB): No est v 8.21T prior
- (DE) Germany Aug GfK Consumer Confidence: 9.0 v 8.9e; highest since Dec 2006
- (ES) Spain Jun PPI M/M: 0.9% v 0.9% prior; Y/Y: +0.4% v -0.4% prior
- (ES) Spain May Total Mortgage Lending Y/Y: -9.2% v +16.1% prior; House Mortgage Approvals Y/Y: -3.4% v -13.4% prior
- (DK) Denmark Jun Retail Sales M/M: -0.6% v +0.3% prior; Y/Y: -0.8% v +2.1% prior
- (AT) Austria May Industrial Production M/M: -2.2% v +0.7% prior; Y/Y: -2.1% v +0.4% prior
- (TR) Turkey Jun Trade Balance: -$7.9B v -$7.0Be
- (EU) ECB 234M borrowed in overnight loan facility vs. 223M prior; 22.4B parked in deposit facility vs. 21.8B prior - Daily Eurosystem Liquidity Conditions
- (SE) Sweden Jun Household Lending Y/Y: 5.4% v 5.3%e
- (SE) Sweden Jun Retail Sales M/M: 0.5% v 0.4%e; Y/Y: 3.3% v 3.2%e
- (SE) Sweden Jun Trade Balance (SEK): 5.2B v -0.2B prior
- (NL) Netherlands July Producer Confidence Index: 1.2 v 0.5e
- (DE) Germany July IFO Business Climate Survey: 108.0 v 109.4e; Current Assessment Survey: 112.9 v 114.5e; Expectations Survey: 103.4 v 104.4e
- (EU) Euro Zone Jun M3 Money Supply Y/Y: 1.5% v 1.2%e; M3 3-month average: 1.1% v 1.0%e

- (IT) Italy Jun Hourly Wages M/M: 0.1% v 0.1% prior; Y/Y: 1.2% v 1.3% prior
- (CN) Shanghai Futures Exchange (SHFE) Weekly Copper Stockpiles: 102.2K v 108.9K prior
- (TW) Taiwan Jun M2 Money Supply Y/Y: 5.7% v 5.9% prior ; M1 Money Supply Y/Y: 7.5% v 8.1% prior
- (UK) Q2 Advance GDP Q/Q: 0.8% v 0.8%e; Y/Y: 3.1% v 3.1%e
- (UK) May Index of Services M/M: 0.3% v 0.2%e; 3M/3M: 1.0% v 1.0%e

Fixed Income:
- (IN) India sold total INR140B vs. INR140B indicated in 2020, 2024, 2032 and 2042 bonds

Indices [Stoxx50 -0.2%, FTSE 100 flat at 6,826, DAX -0.2% at 9,774, CAC-40 -0.5% at 4,388, IBEX-35 +0.5% at 10,912, FTSE MIB -0.1% at 21,240, SMI -0.3% at 8,615, S&P 500 Futures flat at 1,979]

- Market Focal Points/Key Themes: Equity markets open lower following mixed trading in the US, Russian markets trade lower, European M&A (BritishSky launches bid for Sky Deutschland; Balfour Beatty confirms talks with Carillion), RBS rises on higher H1 profits (driven by cost cutting and lower impairment charges), Vodafone rises on better than expected sales, Spanish banks continue to beat estimates (Caixa Bank), European companies continue to report negative currency impacts (LVMH, Lafarge, Danone, Nexans), Germany IFO below expectations, UK GDP in line, US earnings (Amazon misses expectations), US morning earnings (AON, AbbVie, LyondellBasell, Tyco, Xerox), High yield corporate bond funds continue to see outflows

By Sector
- Telecom
[British Sky BSY.UK -2.5% (confirmed approach for Sky Deutschland), Vodafone VOD.UK +2.5% (Q2 sales above ests), Sky Deutschland SKYD.DE +1% (BSkyB confirmed approach)]
- Technology [Nexans NEXS.FR +2% (H1 profits rose)]
Financials [RBS RBS.UK +12% (H1 profits rose, drives gains in entire banking sector), Caixabank CABK.ES +2% (results above ests)]
- Consumer Discretionary [LVMH MC.FR -6% (H1 profits declined), TF1 TFI.FR -4% (Q2 op profit declined); Technicolor TCH.FR +4% (raised FCF outlook), Air France AF.FR +4% (Q2 EBITDA above ests, reaffirmed cautious outlook), Pearson PSON.UK +3% (reaffirmed cautious outlook), Luxottica LUX.IT +2% (Q2 op profit above ests)]
- Consumer Staples [Danone BN.FR -1% (H1 results below ests)]
- Industrials [Balfour BBY.UK +10% and Carrillion CLLN.UK +10% (merger talks)]
- Basic Materials/Resources [Lonmin LMI.UK +4% (Q3 production report), African Barrick Gold ABG.UK +2% (reported H1 profit)]
- Energy [Statoil STL.NO -3.5% (Q2 results below ests)]
- Stoxx50 sectors [Consumer Cyclical -1.4%, Utilities -0.6%, Basic Materials -0.6%, Energy -0.5%, Consumer Non-Cyclical -0.2%, Industrials -0.1%, Technology -0.1%; Telecom +0.4%, Financials +0.4%]

- German IFO Economist commented on the weak survey released in session
. Scale of drop in climate index surprising but wouldn't call it a change of trend
- South Africa Central Bank (SARB) Gov Marcus reiterated view that monetary policy environment is complicated (refers to growth vs. inflation)
- Japan Chief Cabinet Sec Suga: To be extremely careful on decision to again raise the sales tax and to decide on sales-tax increase to 10% around December
- Ukraine govt appointed Hroisman as acting PM
- Indonesia former-general Prabowo to go ahead with Court challenge to seek revote in up to 6 provinces. He would concede election if court challenge failed but then would plan active opposition to push for his economic reforms

Currencies/Fixed Income:
- The EUR/USD re-approached 8-month lows after a weaker than expected German IFO survey but continued to hold above its 200-week moving average of 1.3426
- The GBP maintained a soft tone and tried to avoid its 8th straight day of losses. UK Q2 Advance GDP data UK economy suggested that the economy was back above its pre-crisis peak but did little to propel the GBP.

Political/In the Papers:
-IMF updated its World Economic Outlook (WEO): Lowers 2014 global growth forecast to 3.4% from 3.7%; lowers forecasts for advanced and emerging market economies; Maintains 2015 Global GDP growth outlook at 4.0% using an updated measurement
-(UR) US State Dept: Have some evidence that artillery is being fired from Russia and into Ukraine territory, directed at Ukraine military forces

**Looking Ahead***
All times listed for economic events are denominated in Eastern Standard Time (Add 4 hours for GMT equivalent)
- (BE) Belgium Sovereign Debt Rating Published by S&P
- (EE) Estonia Sovereign Debt Rating May Be Published by Moody's
- (DK) Denmark Sovereign Debt Rating May Be Published by Moody's
- 05:30 (RU) Russia Central Bank (CBR) Interest Rate Decision: Expected to leave One-Week Auction Rate unchanged at 7.50%
- 05:30 (ZA) South Africa to sell I/L Bonds
- 06:00 (EU) ECB announces 3-Year LTRO Repayment
- 06:05 (UK) DMO to sell combined 3.0B in 1-month, 3-month and 6-month Bills

- 06:45 (US) Daily Libor Fixing
- 07:00 (EU) EMA Releases Drug Approvals & Safety Decisions
- 07:00 (BR) Brazil July FGV Consumer Confidence: No est v 103.8 prior
- 07:30 (TR) Turkey July Capacity Utilization: No est v 75.3% prior; Real Sector Confidence: No est v 110.7 prior
- 07:30 (IN) India Forex Reserves
- 08:15 (US) Baltic Dry Bulk Index
- 08:30 (US) Jun Durable Goods Orders: +0.5%e v -0.9% prior (revised from -1.0%); Durables Ex Transportation: 0.5%e v 0.0% prior (revised from -0.1%); Capital Goods Shipment (non-defense/ex-aircraft): 1.3%e v 0.5% prior (revised from 0.4%); Capital Goods Orders (non-defense/ex-aircraft): 0.5%e v 0.7% prior; Durables Ex-Defense: No est v 0.6% prior
- 09:00 (BE) Belgium July Business Confidence: -6.5e v -6.2 prior
- 09:00 (MX) Mexico Jun Preliminary Trade Balance: $756.0Me v $131.8M prior
- 09:30 (BR) Brazil Jun Current Account Balance: -$3.9Be v -$6.6B prior; Foreign Direct Investment (FDI): $3.8Be v $6.0B prior
- 10:00 (MX) Mexico Central Bank (Banxico) Monetary Policy Minutes
- 12:00 (FR) France Jun Net Change in Jobseekers: +10.5Ke v +24.8K prior; Total Jobseekers: 2.40Me v 3.389M 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 15 Oct 2018
AA 12:30 US- Retail Sales
Tue 16 Oct 2018
AA 08:30 GB- Employment
A 09:00 DE- ZEW Survey
A 13:15 US- Industrial Production
Wed 17 Oct 2018
AA 08:30 GB- CPI
A 09:00 EZ- Final HICP
A 12:30 US- Housing Starts/Permits
A 14:00 US- Existing Homes Sales
A 14:30 US- EIA Crude
AA 18:00 US- Fed Policy Minutes
Thu 18 Oct 2018
A 1:30 AU- Employment
AA 08:30 GB- Retail Sales
A 12:30 US- Weekly Jobless
Fri 19 OCt 2018
AA 12:30 CA- CPI/ Retail Sales

John M. Bland, MBA
co-founding Partner,

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