User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday July 29, 2014 - 09:49:18 GMT
Trade the News Staff -

Share This Story:
| | Email EU Market Update: Safe-haven plays and month-end extension help push German 10-year Bund yield to record low level

Tue, 29 Jul 2014 5:20 AM EST

- Japan Jun Jobless Rate hits a 5-month high (first increase since Aug 2013) 3.7% v 3.5%e
- Japan Jun Retail Trade disappoints (M/M: +0.4% v +0.8%e)
- FOMC begins its 2-day meeting ahead of Key data this week; recent weak 2-year Treasury auction indicates that market sentiment has started to shift away from Fed dovishness
- German 10-year govt bond yield hits fresh record low below 1.12%

***Key Economic Data in session***
- (JP) Japan July Small Business Confidence: 48.7 v 47.3 prior
- (DE) Germany Jun Import Price Index M/M: 0.2% v 0.3%e; Y/Y: -1.2% v -1.2%e
- (ZA) South Africa Jun M3 Money Supply Y/Y: 7.2% v 7.3%e; Private Sector Credit Y/Y: 8.7% v 8.1%e
- (ES) Spain Jun Adjusted Retail Sales Y/Y: 0.2% v 0.5% prior; Retail Sales Y/Y: 0.0% v 0.8% prior
- (EU) ECB 15M borrowed in overnight loan facility vs. 365M prior; 21.3B parked in deposit facility vs. 21.3B prior - Daily Eurosystem Liquidity Conditions
- (UK) Jun Net Consumer Credit: 0.4B v 0.8Be; Net Lending: 2.1B v 1.9Be
- (UK) Jun Mortgage Approvals: 67.2K v 63.0Ke

- (UK) Jun M4 Money Supply M/M: +0.1% v -0.1% prior; Y/Y: -0.6% v -0.6%e; M4 Ex IOFCs 3M Annualized: 4.6% v 3.8%e

Fixed Income:
- (UK) UK opened its books on new 2058 syndicate Gilt; guidance seen at 2-3bps over 2062 I/L Gilts

- (IT) Italy Debt Agency (Tesoro) sold 7.0B vs. 7.0B indicated in 6-month Bills; Avg Yield: 0.236% (record low) v 0.309% prior; Bid-to-cover: 1.75x v 1.73x prior
- (ZA) South Africa sold total ZAR2.35B in 2030, 2032 and 2044 Bonds
- (EU) ECB allotted 133.3B in 7-Day Main Refinancing Tender at fixed 0.15% vs. 100Be

Indices [Stoxx50 +0.2%
, FTSE 100 +0.2% at 6,798, DAX +0.1% at 9,610, CAC-40 +0.1% at 4,347, IBEX-35 +0.3% at 10,915, FTSE MIB +0.5% at 21,037, SMI -0.2% at 8,515, S&P 500 Futures -0.1% at 1,970]

- Market Focal Points/Key Themes: Equity markets open slightly higher following losses seen on Monday's session, Russian markets open higher then move lower ahead of EU meeting on sanctions, UBS and Deutsche Bank issue Q2 earnings, Michelin declines on weaker than expected results, BP profits above ests, European property merger (Corio and Klepierre)

By Sector
- Telecom
[Orange ORA.FR +1% (Q2 results above ests)]
- Technology [Gameloft GFT.FR -20% (cautious broker commentary following sales update), Aixtron AIXA.DE +2% (reaffirmed outlook)]
- Financials [Banco Espirito Santo BES.PT -5% (capital raise speculation, reports earnings on Wed), UBS UBSN.CH -1% (Q2 adj pretax profit inline), Deutsche Bank -0.5% (mixed Q2 results)]
- Energy [BP.UK -1% (Q2 profits above ests, concerns related to Russia)]
- Industrials [Renault RNO.FR -2% (H1 sales below ests), Michelin ML.FR -1% (H1 profits below ests); GKN GKN.UK +5% (H1 profits above ests), Faurecia EO.FR +3% (raised outlook)]
- Consumer Discretionary [Next Plc NXT.UK +2% (raised outlook), Puma PUM.DE +1% (Q2 profits above ests)]
- Stoxx50 [Consumer Cyclical -1%, Technology -0.7%, Industrials -0.3%, Energy -0.3%, Basic Materials -0.2%, Consumer Non-Cyclical -0.1%, Utilities -0.1%; Financials +0.5%, Telecom +0.3%]

- BOE's Broadben
t: Current account deficit not a separate growth threat
- Japan Ministry of Finance (MOF) Survey: Most domestic companies' see sales recovering from the April sales hike by the end of July
- China State Economist Zhang Liqun: Reiterates China faces downward pressure in H2
- Bank of Korea July Minutes: Vote was not unanimous to hold rates steady; member Chung called for rate cut noting that domestic demand might stay weak for protracted time
- Moody's upgrades Vietnam sovereign rating to B1 from B2; outlook stable
- Goldman Sachs analyst Moffit: Reiterates RBA might be forced to cut interest rates by end 2014

Currencies/Fixed Income:
- German 10-year Bund yield hit a record low below 1.12% in the session. Dealers noted that safe-haven flows and month-end extension s contributed to price action. Fresh jitters emerged over Portuguese entity Banco Espirito Santo. EU ministers meet to discuss the next phase of Russian sanctions
- EUR/USD remained in a tight range just above its 200-week moving average. The pair has made eight lower lows over the last 10 trading days. Overall the greenback maintained a slightly firmer tone against most G10 currencies
- Market looking for clues as to when the Fed might start normalizing interest rates. Dealers noted that a lasting rebound of FX volatility required higher front-end US yields
- USD/JPY: Japan economic data for June has been consistently disappointing; with soft retail trade and labor figures released today tracking worse than expected exports, CPI, and manufacturing. Jobless rate rose for the first time in nearly a year
- The NZD/USD pair was lower after Fonterra cut its 2014/15 milk payout forecast to NZ$6.00/kg v NZ$7.00/kg prior guided

Political/In the Papers:
- (RU) President Obama's NSA adviser Blinken: US will take action on new Russia sanctions this week
- (RU) According to US senior official, Russia violated arms treaty with prohibited ground-launched missile test - NYT; In 1987 treaty signed by US's Reagan and Soviet's Gorbachev, bans ground-launched ballistic or cruise missiles capable for 300-3.4K miles.
- (RU) France, Germany, Italy and the UK agree Russia should face higher costs and sectoral sanctions due to involvement in Ukraine issue
- (UK) IMF: UK monetary policy is fine for now, may need higher interest rates if there is higher inflation risks or if housing market risks are not dealt with; GBP real FX rates may be overvalued by around 5-10%
- (JP) BOJ Board member Ishida: Japan economy recovery is moderate; CPI would stay around 1.25% for a while, may reach target 2% in middle of projection period up to FY16

**Looking Ahead***
All times listed for economic events are denominated in Eastern Standard Time (Add 4 hours for GMT equivalent)
- (RU) EU Ambassadors meet to decide on more Russian sanctions (third stage)
- (US) Federal Reserve begins 2-day FOMC Meeting (Decision on Wed)
- (ES) Spain Jun YTD Budget Balance: No est v -25.8B prior
- 05:30 (HU) Hungary Debt Agency (AKK) to sell 3-month Bills
- 06:45 (US) Daily Libor Fixing
- 07:00 (ZA) South Africa Q2 Unemployment Rate: 25.4%e v 25.2% prior
- 07:45 (US) Weekly ICSC Chain Store Sales
- 08:15 (US) Baltic Dry Bulk Index
- 08:55 (US) Weekly Redbook Retail Sales
- 09:00 (US) May S&P/ CaseShiller 20 City M/M: 0.30%e v 0.19% prior; Y/Y: 10.00%e v 10.82% prior; Home Price Index: 171.25e v 168.71 prior
- 09:00 (EU) Weekly ECB Forex Reserves:
- 09:30 (BR) Brazil Jun Total Outstanding Loans (BRL): No est v 2.804T prior; M/M: no est v 1.0% prior; Private Banks Lending: No est v 1.336T prior; Personal Loan Default Rate: No est v 6.7% prior
- 10:00 (US) July Consumer Confidence Index: 85.5e v 85.2 prior
- 10:00 (MX) Mexico weekly International Reserves
- 10:30 (CA) Canada to sell 3-month, 6-month and 12-month Bills
- 10:30 (UK) DMO announces size of upcoming I/L 0.125% 2019 Gilt auction
- 11:00 (US) Fed to purchase $0.30-0.45B in Notes
- 11:00 (UR) Ukraine to sell 3-Month and 6-Month Bills
- 11:00 (UR) Ukraine to sell 2-Year and 5-Year Bonds
- 11:15 (BR) Brazil to sell I/L 2019, 2023, 2030, 2040 and 2050 Bonds
- 11:30 (US) Treasury to sell 4-Week Bills
- 13:00 (US) Treasury to sell $35B in 5-Year Notes

- 16:30 (US) Weekly API Oil Inventories
- 19:50 (JP) Japan Jun Preliminary Industrial Production M/M: -1.2%e v +0.7% prior; Y/Y: 5.2%e v 1.0% 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