User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Monday September 22, 2014 - 04:58:58 GMT
Trade the News Staff -

Share This Story:
| | Email Asian Market Update: Equities, commodities slide as China Fin Min sees limited policy response to slowdown - Source

- (NZ) NEW ZEALAND Q3 WESTPAC CONSUMER CONFIDENCE: 116.7 (1-year low; 2nd consecutive decline) V 121.2 PRIOR - (TW) TAIWAN AUG UNEMPLOYMENT RATE: 3.9% V 3.9%E ***Index Snapshot (as of 02:30 GMT)***- Nikkei225 -0.8%, S&P/ASX -0.9%, Kospi -1.0%, Shanghai Composite -0.9%, Hang Seng -1.2%, Dec S&P500 -0.5% at 1,993***Commodities/Fixed Income/Currencies***- Dec gold -0.3% at $1,213, Oct crude oil -0.3% at $92.17/brl, Dec copper -1.5% at $3.04/lb- GLD: Spot gold falls below $1,210; 9-month lows - GLD: SPDR Gold Trust ETF daily holdings fall 7.8 tonnes to 776.4 tonnes; Largest decline since April and lowest level since Dec 2008 - SLV: Spot silver extending decline below $17.60/oz; fresh 4-year low - (KR) South Korea sells KRW750B in 20-yr govt bond, avg yield 3.150% ***Market Focal Points/Key Themes***- Major indices in Asia are down by about 1%, S&P500 futures are down 11 handles, and metals are slumping to multi-month lows despite the stronger USD. Risk aversion is largely attributed to weekend comments from China Fin Min Lou indicating Beijing will not amend economic policies despite the August economic indicators, instead focusing on job creation and stable inflation. Lou further noted infrastructure investment - a consistent product of fiscal stimulus - cannot rely primarily on govt spending. Separately, Premier Li was said to have held talks with PBoC Gov Zhou, stating it was a challenge to push interest rates lower, but they would seek to achieve that with financial reforms. Note that the first look at economic performance for China in September will come with tomorrow's release of HSBC flash manufacturing PMI.- Weekend G20 summit yielded little of note. Fin Mins' Communique pledged to proceed with measures that aim to raise collective GDP by an additional 1.8% through 2018. Fin Mins also promised to "identify a series of additional measures to meet our collective growth ambition." More interesting commentary was from the skeptical ECB member and the head of German Bundesbank Weidmann, who once again expressed reluctance toward the latest central bank measures. In particular, Weidmann noted the ECB policy response has gone beyond encouraging banks to make loans and amounted to pumping money directly into the real economy.- Japan Econ Min Amari gave the most affirmative expectation of proceeding with 2nd round of consumption tax increase from the Abe cabinet to date. Amari said the increase is needed to meet rising costs for social security and budget deficit needs. Separately, former BOJ Dep Gov Iwata said the recent JPY weakness may be overdone, adding that USD/JPY at 90-100 reflects fundamentals of Japan more accurately. USD/JPY reversed its opening gains to 109.15, falling as low as 108.65 in the afternoon session.- New Zealand PM Key and the ruling National Party secured a 3rd term in govt with a 48% showing in national elections. Subsequent reports indicated the result gives NP 61 out of 121 Parliament seats and allows it to govern alone, though PM Key plans to work on maintaining coalition with ACT New Zealand, United Future and the Maori Party. NZD/USD opened up 25pips and added another 20 to trade as high as $0.8165 on the strong ruling party showing. PM Key also pledged to maintain his economic agenda, promising not to "take the party veering off to the right or do radical things."- Russian Fin Min Siluanov warned Moscow would consider diversifying its debt portfolio away from countries that sanctioned Russia and in favor of BRIC partners. Meanwhile, ceasefire in east Ukraine saw little progress, with both sides accusing the other of not abiding by Minsk agreement. Ukraine Defense Council spokesperson added that Kiev will not pull back troops until all sides cease fire, while Ukraine Pres said "we must be ready to protect our country if the peace plan does not work."***Equities***US markets: - FOE: Enters into Agreement to Acquire Italian Tile Coatings Manufacturer Vetriceramici for 83M; Transaction $0.12-0.14 accretive in 2015- MSFT: Delays Xbox One China launch to "by the end of year" from originally on Sept 23rd - financial press- DRC: Confirms plan to be acquired by Siemens for approx $7.6B in an all cash deal- EMC: Said to have held merger talks with Hewlett-Packard; Talks have since ended on disagreement, including financial terms - financial press Notable movers by sector:- Financials: Agile Property 3383.HK -7.4% (raises capital)- Materials: Mitsubishi Materials 5711.JP +2.6% (press speculation on acquisition); Fortescue FMG.AU -4.3%, Atlas Iron Ltd AGO.AU -3.2%, Rio Tinto RIO.AU -2.3% (commodities lower); Arrium Ltd ARI.AU +5.9% (raises capital at A$0.48/shr)- Energy: Cosmo Oil 5007.JP -0.7% (Moody's cuts ratings)- Technology: Square Enix Holdings 9684.JP +5.4% (app sales result)- Utilities: Huaneng Power International 902.HK -1.0% (China Shenhua plans to sell stake)- Telecom: Softbank 9984.JP -4.4% (sell off following Alibaba debut) - Source


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