Forex News Blog
Back to The Headlines
Thursday August 21, 2014 - 18:20:35 GMT
Share This Story
global-view.com - www.global-view.com
U.S. Data Solid. China HSBC Misses, but Japan Improves. EZ PMI's Mixed to Weaker
|U.S. Data Solid. China HSBC Misses, but Japan Improves. EZ PMI's Mixed to Weaker|
August 22, 2014 00:00 gmt
Daily Risk On/Off Heat Map
Current Market Conditions:
Markets remain in a RISK-ON mild posture late in Europe on Thursday. Flash PMI data in the Fare East and Europe were been mixed to slightly weaker than forecast. U.S. headline data were broadly stronger than forecast. EURUSD has been holding below 1.3300.
- Yields in prime Eurozone fixed income markets have turned lower from earlier ahead of Draghi on Friday. The 10-yr bund is 0.99% 0bp. The 10-yr 1.00% line remains an obvious market benchmark. Peripheral bond yields are down.
- The U.K.10-yr gilt yield is 2.41% -1bp. I now expect a +25bp BOE rate hike in February 2015, subject to future data.
- U.S.10-yr yield is 2.42%, -1bp. A major focus is an expected dovish Fed Char Yellen's speech Friday in Jackson Hole. The psychological pivot is 2.40%. I'm not sure Yellen will be as dovish as hoped for.
- Far East equities closed mostly higher. Bourses in Europe are higher. U.S. shares are up.
The heat map color scheme of interest rates reflects yields. This aligns all the colors in the chart to reflect risk-on (green) and risk-off(red).
HIGH IMPACT NEWS:, CA- CPI, Retail Sales, US- Fed's Yellen, EZ- ECB's Draghi
- Friday sees Canadian inflation and Retail Sales data. Also Fed Chair Yellen and ECB President Draghi will speak at the Jackson Hole Symposium.
- U.S. data on Friday were broadly better than expected. Weekly Jobless Claims fell slightly back below the 300K line. The Markit Mfg PMI surged higher, Existing Homes sales gained strongly, while Leading Indicators and Philly Fed Index both outperformed expectations.
- In the Eurozone, the flash EZ manufacturing PMIs all weakened ; key Services PMIs fell as well except in France.U.K. Retail Sales mostly mixed street estimates.
- The August China HSBC was a disappointment as it fell. The new flash Japanese PMI improved.
- Be sure to refer daily to the Global-View Economic Calendar and the Forex Forum for the complete list of key items (actual data, selected charts, etc.) as they are released.
Weekly Trading Planner Top Items (GMT):
12:30 CA CPI
12:30 CA Retail Sales
14:00 FRB Yellen Jackson Hole
18:30 EZ Draghi Jackson Hole
||BOC CPI Apr y
||Yellen Jackson Hole
||Draghi Jackson Hole
Be sure to refer daily to the Global-View Economic Calendar For key items (actual data, selected charts, etc.) as they are released.
See the FOREX FORUM. for actual data, selected charts, etc.) and comments from experienced traders to events as they happen.
John M. Bland is a founding partner of Global-View.com. He was a FX consultant to major corporations. He has also been a institutional forex trader, FX analyst for a blue chip Fed watching service and an author. John has an MBA in Finance and a BA in Economics from the University of California, Berkeley.
|Copyright 2014, GlobalViewpoint, Inc All rights reserved|
Forex Trading News
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
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.
Register To Test Your Amazing Trader
GVI Trading. Potential Price Risk Scale
Tue 17 July 2018
AA: Major, A: High, B: Medium
AA 08:30 GB- Employment
A 13:15 US- Industrial Production
AA 14:00 US-Powell Testimony
Wed 18 July 2018
AA 08:30 GB- CPI
A 12:30 US- Housing Starts/Permits
AA 14:00 US-Powell Testimony
Thu 19 July 2018
AA 1:30 AU- Employment
AA 08:30 GB- Retail Sales
A 14:30 US- EIA Crude
A 12:30 US- Weekly Jobless
Fri 20 Jun 2018
A 12:30 CA- CPI/Retail Sales
John M. Bland, MBA
co-founding Partner, Global-View.com
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.
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.