User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday October 1, 2014 - 10:48:51 GMT
Trade the News Staff -

Share This Story:
| | Email EU Market Update: Peripheral bonds continue to gain amid speculation related to the ECB's ABS program; Weaker German PMI weighs on the Euro

Wed, 01 Oct 2014 5:20 AM EST

- Broad US dollar strength continues ahead of US data (ADP, ISM Manufacturing); USD/JPY trades above 110; Weaker German PMI weighs on Euro
- European equity markets open lower following negative leads from the US amid mixed PMI data (Italy above ests, Germany below ests); Equities in China and Hong Kong closed for holiday amid ongoing protests
- Russia MICEX in focus amid capital control rumors; RUB continues to weaken
- (RU) Russia Central Bank's Yudaeva: No basis for news on capital controls - Russian press
- Peripheral bonds extend gains seen during prior session (spreads tighten), as the focus is on Thursday's ECB meeting and ABS program details (Greek and Portuguese bonds outperform); France's 2015 budget generally in line, little initial impact on Oats (spread over Bunds slightly wider); US Treasury yields slightly higher ahead of ADP and ISM data. Bunds yields are slightly lower amid weaker German PMI data and ahead of 10-yr auction. Gilt yields move off of session highs after weaker UK PMI data and ahead of 2020 auction.
- Daily borrowing from the ECB hits the highest level since early July
- Italy's Sept manufacturing PMI moves into expansion territory amid recent reduction in the government's growth forecasts. The other euro zone PMIs generally declined m/m (German index contracts for the first time in 15-months). UK PMI below ests
- (ES) Bank fo Spain says most recent data indicates 2% GDP growth by year end

***Key Economic Data in session***
- (DE) GERMANY SEPT FINAL MANUFACTURING PMI: 49.9 V 50.3 PRELIM (first contraction in 15 months)
- (IT) ITALY SEPT MANUFACTURING PMI: 50.7 V 49.5E (returns to expansion after one month of contraction)
- (UK) SEPT PMI MANUFACTURING: 51.6 V 52.7E (lowest since Apr 2013)

- (ES) SPAIN SEPT MANUFACTURING PMI: 52.6 V 52.6E (10th straight month of expansion)
- (FR) FRANCE SEPT FINAL MANUFACTURING PMI: 48.8 V 48.8 PRELIM (fifth month on contraction despite holding five month high)
- (FR) France releases 2015 budget: Sees 2017 deficit at 2.8% (confirms plan to delay deficit target to 2017)

Fixed Income
- Greece 10-year yields are about 35bps lower after press reports yesterday that the ECB may loosen standards to buy riskier Cyprus and Greek assets in their ABS buying program
- (UR) Holders of Ukraine's Naftogaz $1.6B bonds have not received payment on sovereign guaranteed issue which matured on Sept 30th - press

Indices [Stoxx50 +0.1%, FTSE 100 -0.2% at 6,606, CAC-40 +0.2% at 4,410, IBEX-35 +0.4% at 10,866, FTSE MIB flat at 20,893, SMI flat at 8,839, S&P 500 Futures flat at 1,965]

Market Focal Points/Key Themes: Equity markets open lower following negative leads from the US and amid mixed PMI data, Adidas announces buyback following pressure from shareholders, German Online retailer Zalando gains over 10% in first day of trading

By Sector
Telecom [Orange ORA.FR -2% (placement)
Industrials [BMW BMW.DE +1.5% (broker commentary)
Consumer Staples [Sainsbury SBRY.UK -2% (concerns related to dividend), Tesco TSCO.UK -2% (regulatory probe)]
Consumer Discretionary [Adidas ADS.DE +3% (buyback)]
Technology [Blinkx BLNX.UK -10% (H1 guidance), Nexans NEXS.FR -7% (profit warning)]
Stoxx50 sectors [Energy -0.7%, Telecom -0.5%, Basic Materials -0.5%, Consumer Non-Cyclical -0.2%; Industrials +0.4%, Consumer Cyclical +0.3%, Financials +0.3%, Utilities +0.2%, Technology +0.1%]

Currencies/Fixed Income:

- EUR/USD Fell about 25 pips after Sept Final German PMI entered contraction territory (49.9 v 50.3 prelim) for the first time in 15-months. Euro Zone Sept Final Manufacturing PMI was similarly disappointing recording its lowest level of growth since July 2013
- GBP/USD Traded 35-40 pips lower (3 week lows) after UK Sept Manufacturing PMI disappointed the market with the lowest growth since Apr 2013
- USD/SEK Traded from 7.22 to 7.19 after stronger than expected Sweden Sept Manufacturing PMI
- USD/RUB Traded higher in a range of approx 39.60-39.80 with lower oil prices and currency control rumors weighing on the Ruble. In addition the Ruble's level against the Dollar-Euro basket opened at 44.43 beyond the 44.40 at which the Central bank is set to defend the currency

**Looking Ahead***
-06:00 (IE) Ireland Sept Register Level
-06:00 (IE) Ireland Sept Unemployment Rate
- 06:45 (US) Daily Libor Fixing
- 07:00 (US) MBA Mortgage Applications w/e Sept 26th: No est v % prior
-07:00 BoE's Fisher
- 07:00 (RU) Russia to sell OFZ Bonds (if not cancelled on Tuesday)
- 08:15 (US) Baltic Dry Bulk Index
- 08:15 (US) ADP Sept Employment Change: No est v +204K prior
- 08:15 (DE) German Chancellor Merkel speaks at BGA Foreign Trade Lobby Conference, Berlin
- 09:00 (BR) Brazil Sept Manufacturing PMI: No est v 50.2 prior
- 09:30 (SG) Singapore Sept Purchasing Managers Index: No est v 49.7 prior; Electronics Sector Index: No est v 50.7 prior
- 09:30 (CA) Canada Sept RBC Manufacturing PMI: No est v 54.8 prior
- 09:45 (US) Sept Final Markit Manufacturing PMI: No est v ## prelim
- 09:45 (UK) BOE reverse auction; to purchase 1.6B in 7-15 year Gilts (residual)
-10:00 (US) Sept ISM Manufacturing: No est v 59.0 prior; ISM Prices Paid: No est v 58.0 prior
- 10:00 (MX) Mexico Aug Total Remittances: No est v $2.0B prior
- 10:00 (US) Aug Construction Spending M/M: No est v 1.8% prior
- 10:30 (US) DOE weekly Oil Inventories
- 10:30 (MX) Mexico Sept Manufacturing PMI: No est v 52.1 prior
- 11:30 (BR) Brazil weekly Currency Flows
- 12:00 (IT) Italy Sept New Car Registrations Y/Y: No est v -0.2% prior
- 13:00 (MX) Mexico IMEF Manufacturing Index: No est v 51.6 prior; Non-Manufacturing Index: No est v 52.7 prior
- 14:00 (BR) Brazil Sept Trade Balance: No est v $1.2B prior; Total Exports: No est v $20.5B prior; Total Imports: No est v $19.3B prior
- 21:30 (AU) Australia Aug Trade Balance: No est v -1.4B 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