User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday September 26, 2014 - 15:25:26 GMT
Trade the News Staff -

Share This Story:
| | Email US Market Update: Sell-Off on Hold, Bill Gross Dumps PIMCO

Fri, 26 Sep 2014 11:15 AM EST

***Economic Data***
- (BR) Brazil Aug PPI Manufacturing M/M: 0.5% v -0.3% prior; Y/Y: 2.5% v 3.5% prior
- (US) Q2 Final GDP Annualized Q/Q: +4.6% v 4.6%e; Personal Consumption: 2.5% v 2.5%e
- (MX) Mexico Aug Preliminary Trade Balance: -$1.1B v -$600Me
- (BR) Brazil Aug Total Outstanding Loans (BRL): 2.86T v 2.835T prior
- (US) Sept Final University of Michigan Confidence: 84.6 v 84.8e

The big sell-off is on pause this morning as trade consolidates and participants take a collective deep breath. Yesterday S&P 500 closed at 1966, below its 50-day moving average for the first time since August 13th, while the NASDAQ finished below the 50-day for first time since August 7th. As of writing, the DJIA is up 0.49%, the S&P500 is up 0.25% and the Nasdaq is up 0.45%.

The euro took another leg downwards this morning, dropping to 22-month lows around 1.2680 this morning before bouncing back up to 1.2700. Meanwhile, USD/JPY is firmly above 109 after some resistance at this level in the Asia and European sessions. Both Deutsche Bank and S&P added their voices to the analysis of the ECB's TLTRO flop, agreeing that the recent auction results have increased the probability of a QE program in the near term.

The final revisions to second quarter US GDP were in line with expectations, at +4.6% versus the +4.2% preliminary reading, matching the fourth quarter of 2011 as the fastest quarterly growth rate since 2006. Analysts caution the data needs to be viewed in the context of the -2.1% first quarter GDP, which would put the average growth rate for the first half of the year at an unimpressive +1.2%. Early indications are that the third quarter growth estimate will be 3% or more.

Ukraine, Russia and the EU holding talks today to hopefully end the Russia-Ukraine natural gas dispute. Russia says Ukraine owes it $5.3 billion for unpaid gas deliveries, and Russia Energy Minister Novak warned that Europe is contractually not allowed to re-export gas to Ukraine and could see its supplies cut if it did so. Separately, the Kremlin as expected seized Bashneft assets owned by Sistema, citing flimsy, trumped up charges of "contractual violations." USD/RUB has plummeted to record lows of 39.

In one of the most surprising developments of the day, Bill Gross resigned from PIMCO and said he would join Janus Capital. CNBC's David Faber reported that PIMCO was going to fire Gross tomorrow due to "increasingly erratic behavior." PIMCO Deputy CIO Dan Ivanscyn will likely be chosen as Gross's successor. Shares of JNS are up more than 32% on the news, while PIMCO parent Allianz is down nearly 6% on the DAX.

Shares of BlackBerry are up 7.8% this morning after the firm managed to get very close to non-gaap profitability in its second quarter. The firm's loss was much smaller than expected, although revenue remains lower that consensus views. Unit sales are also picking up: in the second quarter, BlackBerry recognized hardware revenue on 2.1M smartphone units versus 1.3M in the prior quarter. The CEO said the company was about half way through its recovery period.

***Looking Ahead***
- 15:00 (AR) Argentina Q2 Current Account Balance: No est v -$3.3B prior
- 15:00 (AR) Argentina July Economic Activity Index M/M: No est v 0.3% prior; Y/Y: No est v 0.0% prior
- 21:30 (CN) China Aug Industrial Profits Y/Y: No est v 13.5% 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