User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday August 8, 2014 - 06:26:34 GMT
Trade the News Staff - www.tradethenews.com/freetrial.asp?gv

Share This Story:
| | Email

TradeTheNews.com Asian Market Update: Obama authorizes strikes on ISIS militants in Iraq; China posts record trade surplus; BOJ cuts view on exports and output - Source TradeTheNews.com

(CN) CHINA JULY TRADE BALANCE: $47.3B (record high surplus) V $26.0BE - (JP) BANK OF JAPAN (BOJ) POLICY STATEMENT: REITERATES TO INCREASE MONETARY BASE AT ANNUAL PACE OF 60-70T (AS EXPECTED); Maintains overall economic assessment; Downgrades Exports and Industrial Output; Upgrades Wages and Labor Conditions - (JP) JAPAN Q2 HOUSING LOANS Y/Y: 2.7% V 2.9% PRIOR - (JP) JAPAN JUL BANK LENDING INCL TRUSTS: 2.2% (3-month low) V 2.3% PRIOR; BANK LENDING EX-TRUSTS: 2.3% V 2.5% PRIOR - (JP) JAPAN JUNE BOP CURRENT ACCOUNT BALANCE: -399B V -326BE; BOP ADJUSTED CURRENT ACCOUNT: 126B (3rd consecutive surplus) V 109BE; TRADE BALANCE BOP BASIS: -537B V -593BE - (AU) AUSTRALIA JUN HOME LOANS M/M: 0.2% V 0.6%E; INVESTMENT LENDING: -0.3% V -0.9% PRIOR; OWNER-OCCUPIED LOAN VALUE: +1.8% V -0.7% PRIOR - (PE) PERU CENTRAL BANK LEAVES REFERENCE RATE AT 3.75% (NOT EXPECTED) ***Index Snapshot (as of 02:30 GMT)*** - Nikkei225 -2.9%, S&P/ASX -1.0%, Kospi -1.2%, Shanghai Composite -0.2%, Hang Seng -0.7%, Sept S&P500 -0.6% at 1,893 ***Commodities/Fixed Income/Currencies*** - Dec gold +0.4% at $1,317, Sept crude oil +1.0% at $98.27/brl, Sept Copper flat at $3.17/lb - SLV: iShares Silver Trust ETF daily holdings rise to 10,101 tonnes from 10,034 tonnes prior (highest since June 30th) - (AU) Australia MoF (AOFM) sells A$700M in 2020 bonds; avg yield 2.9522%; bid-to-cover: 3.21x - (US) Weekly Fed Balance Sheet Total Assets Week ending Aug 6th: $4.41T v $4.41T prior; Reserve Bank Credit: $4.37T v $4.36T prior; M1: -$9.5B (first decline in 3 weeks) v +$17.8B prior; M2: +$29.2B v +$23.5B prior; M1 y/y change: 11.4% (1-year high) v 11.2% w/w; M2 y/y change: 6.7% (11-month high) v 6.6% w/w - (CN) China MoF sells 20-yr bonds at average yield of 4.62% - USD/CNY: (CN) PBoC sets yuan mid point at 6.1562 v 6.1670 prior setting (strongest Yuan setting since Jul 22nd) ***Market Focal Points/Key Themes*** - After much speculation over intervention in northern Iraq, where ISIS atrocities against the Kurdish Yazidi sect killed hundreds and displaced tens of thousands in recent days, president Obama threatened targeted air strikes if militants move on the city of Erbil where US advisors are stationed. Calling it a humanitarian mission to prevent genocide, US military aircraft have already started to make drops of water and food supply to some 40K Iraqis stranded on mountain ranges faced with death by ISIS or starvation. US officials further clarified that air strikes have not yet taken place and reiterated US will not put boots on the ground to fight militants, but maintained the need to fill a political vacuum with more "moderate" forces to return Iraq to stability. Risk aversion related flows spiked on the announcement - S&P futures fell about 15 handles below 1,895, yield on the US 10-yr fell 5bps to 2.38%, Gold rose nearly $10 to $1,318, and USD/JPY cratered over 50pips below 101.60. Oil futures were also up about 1% on geopolitical ramifications. Nikkei fell as much as 3% - it lowest levels since mid-June. - Shanghai Composite is the only regional index with mild declines, erasing post Obama-conference losses on much stronger than expected China trade data. $47B surplus for July is a record high, and even though imports surprisingly fell 1.6%, double-digit rise in exports more than made up for that decline. Shipments to Europe were particularly strong, up about 17% y/y, while exports to Japan reversed last month's drop with a 3% increase. - Monetary policy statement from the BOJ saw the central bank maintain its overall economic assessment unchanged for the 12th consecutive meeting, but also downgraded its view on exports and industrial output as had been speculated in local press. BOJ said exports "have shown some weakness", and also added output "recently shown some weakness" though still increasing moderately as a trend. BOJ was also a bit more upbeat on wages, noting "employment and income situation is improving steadily". - Aussie dollar is the biggest loser in the dollar majors, driven by risk-off sentiment on Iraq announcement as well as concurrently released RBA quarterly policy statement. RBA cut its 2014 and 2015 GDP targets by 0.25pts to 2.5% and 2.75% (midpoint) respectively, and also narrowed lower its 2016 growth projection to 2.75-3.75% v 2.75-4.25% prior forecast. On inflation, RBA lowers 2014 core CPI target to 2.25% v 2.5% prior, but raised 2015 CPI to 2.75% midpoint from 2.5%. Following the release of 12-year high unemployment rate from Australia earlier this week, RBA said the jobless rate is likely to remain elevated for some time yet and might not decline substantially until 2016. AUD/USD hit 2-month lows of $0.9240, down over 30pips from opening highs, while AUD/JPY was off by as much as 80pips below 94.00. ***Equities*** US markets: - SHOR: Reports Q4 $0.08 v $0.05e, R$88.6M v $85.4Me; +14.5% afterhours - MELI: Reports Q2 $0.72 v $0.56e, R$131.8M v $107Me; +13.6% afterhours - ANET: Reports Q2 $0.35 v $0.13e, R$137.9M v $126Me; +9.1% afterhours - TKMR: FDA Modifies TKM-Ebola Clinical Hold to Partial Hold; +8.1% afterhours - LULU: Founder Dennis Wilson to reportedly sells half of stake to Advent, move would take hostile takeover and proxy fight off the table - press; +6.1% afterhours - GPS: Reports Q2 Rev $3.98B v $3.97Be; July SSS +2.0% v +1.0%e; +5.1% afterhours - NVDA: Reports Q2 $0.30 v $0.19e, R$1.10B v $1.11Be; +4.4% afterhours - ELX: Reports Q4 $0.07 v $0.03e, R$99.8M v $96.3Me; +4.1% afterhours - SCTY: Reports Q2 -$0.96 (adj) v -$1.00e, R$61.3M v $61.3Me, energy contracts 28.3K v 17.3K q/q; +3.1% afterhours - MNST: Reports Q2 $0.81 v $0.76e, R$779.0M v $697Me; +2.5% afterhours - LGF: Reports Q1 $0.36 v $0.13e, R$449.4M v $475Me; +1.8% afterhours - CBS: Reports Q2 $0.78 v $0.72e, R$3.19B v $3.30Be; increases dividend 25%; increases buyback program $3B (10% of market cap) to $6B; +0.2% afterhours - NWSA: Reports Q4 $0.01 v $0.04e, R$2.19B v $2.18Be; flat afterhours - MDRX: Reports Q2 $0.09 v $0.09e, R$351M v $353Me; -2.0% afterhours - CSC: Reports Q1 $1.03 v $0.94e, R$3.24B v $3.20Be; -2.2% afterhours - FI: Reports Q2 $0.23 v $0.31e, R$272.9M v $282Me; Doubles quarterly dividend to $0.15/shr (implied yield 2.6%); -4.6% afterhours - HIBB: Reports prelim Q2 $0.30-0.32 v $0.40e; R$194M v $203Me; Lowers FY14 EPS to $2.63-2.73 v $2.89e (prior $2.78-2.98); -6.4% afterhours - ZNGA: Reports Q2 $0.00 v $0.00e, R$153.2M v $192Me; -7.5% afterhours Notable movers by sector: - Consumer Discretionary: Great Wall Motor 2333.HK -2.7% (July operating results); Huayi Compressor 000404.CN +1.2% (H1 results); Yamada Denki 9831.JP -8.3% (Q1 results); Asics Corp 7936.JP +5.7% (Q1 results); K's Holdings 8282.JP +4.2% (Q1 results); Olympus Corp 7733.JP -9.3% (Q1 results); Kasai Kogyo Co 7256.JP +3.7%(Q1 results) - Financials: China Vanke 2202.HK -7.0%, Anhui Conch Cement 914.HK -2.5% (lower on high AH premium); Resorttrust Inc 4681.JP +6.4% (Q1 results) - Materials: Rio RIO.AU -0.2% (H1 results); Mitsubishi Materials 5711.JP -9.5% (Q1 results); Sumitomo Metal Mining 5713.JP -8.1% (Q1 results) - Industrials: Taiyo Yuden 6976.JP -9.9% (Q1 results); NHK Spring Co 5991.JP -5.0% (Q1 results) - Technology: Nikon Corp 7731.JP -9.3% (Q1 results; lowers FY14/15 results); Japan Display 6740.JP -9.9% (Q1 results) - Healthcare: Sawai Pharmaceutical 4555.JP -5.1% (Q1 results) - Telecom: China Unicom 762.HK -2.3% (H1 results) Related ( UPDTE ) - Source TradeTheNews.com

 

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 20 November 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:


Mon 20 Nov
14:00 EZ- Draghi Speech
15:00 US- Leading Indicators
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