User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Monday September 29, 2014 - 10:40:59 GMT
Trade the News Staff - www.global-view.com/forex-services/TTN/

Share This Story:
| | Email

TradeTheNews.com EU Market Update: Spanish assets underperform amid CPI data, Catalonia's referendum plan and concerns related to PIMCO; CPI data from German states largely flat to slightly higher vs

TradeTheNews.com EU Market Update: Spanish assets underperform amid CPI data, Catalonia's referendum plan and concerns related to PIMCO; CPI data from German states largely flat to slightly higher vs prior month
Mon, 29 Sep 2014 5:25 AM EST

***Notes/Observations***
- Sept CPI for German states generally shows acceleration for the y/y rates
- Spain CPI decline slows in Sept amid stabilization in food prices
- Bund yields rise as Saxony CPI accelerates but German paper supported by equity declines and wider spreads; Peripheral debt spreads widen as Spanish bonds underperform amid CPI data, Catalonia referendum news and recent news related to PIMCO (departure of Bill Gross)
- (ES) EU Almunia: Spain region Catalonia to be outside of EU if they secede - press
- Belgium y/y CPI turns negative in Sept for the first time since late 2009
- Key event risks for the week include ECB meeting, Euro Zone CPI, UK PMI data and monthly US payrolls report
- The FX theme of US dollar strength continues; NZD drives underperformance in commodity currencies on intervention concerns
- Spanish equities underperform; UK miners weighed down by lower commodity prices
- Hong Kong's Hang Seng declines sharply amid 'Occupy Central' protests; China credit default swaps widen
- (CN) FX regulator SAFE: Two way yuan movement is going to be a 'new normal'; yuan may remain attractive for carry-trade

***Key Economic Data in session***
- (DE) GERMANY CPI NORTH RHINE WESTPHALIA M/M: 0.0% V 0.1% PRIOR; Y/Y: 1.1% V 1.1% PRIOR
- (DE) GERMANY CPI BRANDENBURG M/M: 0.0% V 0.0% PRIOR; Y/Y: 0.9% V 0.9% PRIOR
- (DE) GERMANY CPI HESSE M/M: 0.1% V 0.0% PRIOR; Y/Y: 0.8% V 0.7% PRIOR
- (DE) GERMANY CPI BAVARIA M/M: 0.1% V 0.1% PRIOR; Y/Y: 0.8% V 0.8% PRIOR
- (DE) GERMANY CPI SAXONY M/M: 0.1% V 0.0% PRIOR; Y/Y: 0.9% V 0.8% PRIOR
- (ES) SPAIN SEPT PRELIMINARY CPI Y/Y: -0.2% V -0.2%E; CPI EU HARMONIZED Y/Y: -0.3% V -0.3%E
- (EU) EURO ZONE SEPT BUSINESS CLIMATE INDICATOR: +0.07 V +0.10E; CONSUMER CONFIDENCE: -11.4 V -11.4E
- (PT) PORTUGAL SEPT CONSUMER CONFIDENCE INDEX: -24.6 V -25.5 PRIOR; ECONOMIC CLIMATE INDICATOR: 0.7 V 0.7 PRIOR
- (UK) AUG M4 MONEY SUPPLY M/M: 0.3% V 0.2% PRIOR; Y/Y: -1.5% V -1.0% PRIOR; M4 EX IOFCS 3M ANNUALIZED: 3.1% V 3.4% PRIOR
- (UK) AUG NET CONSUMER CREDIT: 0.9B V 0.8BE; NET LENDING SEC. ON DWELLINGS: 2.3B V 2.1BE
- (UK) AUG MORTGAGE APPROVALS: 64.2K V 65.0KE
- (ES) SPAIN AUG ADJUSTED RETAIL SALES Y/Y: +0.4% V -0.8%E; RETAIL SALES (UNADJ) Y/Y: -0.9% V -0.2% PRIOR

Fixed Income
- (IT) ITALY DEBT AGENCY (TESORO) SELLS 8.4B V 8.5B INDICATED IN 5-YR, 10-YR BTPS AND 10-YR CCTEU BONDS


***Equities***
Indices [Stoxx50 -0.4%, FTSE 100 -0.3% at 6,626, DAX -0.3% at 9,465, CAC-40 -0.3% at 4,379, IBEX-35 -0.7% at 10,776, FTSE MIB -0.7% at 20,659, SMI -0.1% at 8,768, S&P 500 Futures -0.4% at 1,967]

Market Focal Points/Key Themes: European equity markets open mixed amid the release of CPI data out of Germany and Spain, Spain's IBEX underperforms, Balfour Beatty issues another profit warning, Slight rebound for shares of Allianz

By Sector
Financials [Commerzbank CBK.DE -2% (regulatory probe in NY)]
Industrials [Balfour Beatty BBY.UK -23% (profit warning)]
Basic Materials/Resources [SGL Carbon SGL.DE -5% (rights offering)]
Stoxx50 sectors [Utilities -1%, Consumer Cyclical -1%, Basic Materials -0.7%, Industrials -0.5%, Energy -0.5%, Consumer Non-Cyclical -0.4%, Financials -0.2% Telecom -0.1%, Technology flat]

*** FIXED INCOME/FX/COMMODITIES***
Currencies/Fixed Income:

- Most of the Asia and Emerging markets currencies are weaker against the USD after protests in Hong Kong lead a flight to safety. European peripheral bond yields are higher as traders begin to digest the ramifications of 'bond king' Bill Gross' departure from PIMCO
- EUR/RUB - Trades over 1.1% higher on the session through the technical 50.00 level amid weakness in the Ruble due to lower oil prices and emerging markets fears stemming from Hong Kong protests
- USD/SEK the Krone strengthen briefly on better than expected retail sales but trade quickly back to flat
- USD/CNY Yuan has its largest one day drop since March on back of unrest in Hong Kong

**Looking Ahead***
- 06:00 (IE) Ireland Aug Retail Sales Volume
- 06:00 (IL) Israel to sell 2017, 2023 and 2024 bonds
- 06:00 (TR) Turkey Bond Sale
- 06:45 (US) Daily Libor Fixing
- 07:00 (BR) Brazil Sept FGV Inflation IGPM M/M: No est v -0.3% prior; Y/Y: No est v 4.9% prior
- 07:30 (BR) Brazil Central Bank Weekly Economists Survey
- 08:00 (DE) Germany Sept Preliminary CPI M/M: -0.1%e v 0.0% prior; Y/Y: 0.8%e v 0.8% prior
- 08:00 (DE) Germany Sept Preliminary CPI EU Harmonized M/M: -0.1%e v 0.0% prior; Y/Y: 0.7%e v 0.8% prior

- 08:00 (ES) Spain Debt Agency (Tesoro) announces size of upcoming auction
- 08:15 (US) Baltic Dry Bulk Index
- 08:30 (US) Aug Personal Income: No est v 0.2% prior; Personal Spending: No est v -0.1% prior
- 08:30 (US) Aug PCE Deflator M/M: No est v 0.1% prior; Y/Y: No est v 1.6% prior
- 08:30 (US) Aug PCE Core M/M: No est v 0.1% prior; Y/Y: No est v 1.5% prior
- 08:50 (FR) France Debt Agency (AFT) to sell combined in 3-month, 6-month and 12-month Bills
- 09:00 (US) Fed's Evans speaks at Economics Conference in Chicago
- 09:35 (EU) ECB calls for bids in 7-Day Main Refinancing Tender
- 09:45 (UK) BOE reverse auction; to purchase 1.6B in 3-7 year Gilts (residual)
- 10:00 (US) Aug Pending Home Sales M/M: No est v 3.3% prior; Y/Y: No est v -2.7% prior
- 10:30 (US) Sept Dallas Fed Manufacturing Activity: No est v 7.1 prior
- 11:00 (US) Fed to purchase $2.00-2.50B in Notes
- 11:30 (US) Treasury to sell 3-Month and 6-Month Bills
- 16:00 (US) Crop Condition Report
- 19:30 (JP) Japan Aug Jobless Rate: No est v 3.8% prior
- 19:50 (JP) Japan Aug Retail Sales M/M: No est v -0.5% prior; Y/Y: No est v 0.5% prior; Large Retailers' Sales: No est v -0.6% prior
- 19:50 (JP) Japan Aug Preliminary Industrial Production M/M: No est v % prior; Y/Y: No est v % prior
- 21:45 (CN) China Sept Final HSBC Manufacturing PMI: No est v ## 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."



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