User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday October 23, 2014 - 11:18:45 GMT
Trade the News Staff -

Share This Story:
| | Email EU Market Update: Better German and Eurozone PMI Manufacturing data aids risk appetite in session; Corp earnings mixed

Thu, 23 Oct 2014 5:12 AM EST

- Japan Manufacturing PMI: 52.8 v 52.0e (5th straight month of expansion, highest since March)
- China HSBC Manufacturing PMI 3-month high (50.4 vs. 50.2e)
- Global dis-inflation remains a theme; New Zealand inflation slows to a 5-quarter low giving RBNZ scope to prolong its current pause during its tightening phase; Singapore Sept CPI MoM turns negative
- Major European PMI data comes in mixed (France missed, Germany and Euro Zone beat on Manufacturing)
- UK Retails sales miss expectations with sales deflator registering its largest drop since July 2009

***Key Economic Data in session***
- (SG) Singapore Sept CPI M/M: -0.1% v +0.2%e; Y/Y: 0.6% v 0.9%e
- (FR) France Oct Business Confidence: 91 v 91e; Manufacturing Confidence: 97 v 95e
- (ES) Spain Q3 Unemployment Rate: 23.7% v 24.1%e
- (FR) France Oct Preliminary Manufacturing PMI: 47.3 v 48.5e (6th straight contraction); Services PMI: 48.1 v 48.3e (2nd straight contraction)
- (DE) Germany Oct Preliminary Manufacturing PMI: 51.8 v 49.5e; Services PMI: 54.8 v 55.0e
- (SE) Sweden Sept Unemployment Rate: 7.2% v 7.5%e; Unemployment Rate (Seasonally Adj): 7.7% v 7.9%e
- (EU) Euro Zone Oct Preliminary Manufacturing PMI: 50.7 v 49.9e (15th straight month of expansion); Services PMI: 5 v 52.0e
- (NO) Norway Central Bank (Norges) leaves Deposit Rate unchanged at 1.50%, as expected
- (PH) Philippines Central Bank (BSP) leaves Overnight Borrowing Rate at 4.00% (as expected)

- (UK) Sept Retail Sales Ex Auto M/M: -0.3% v 0.0%e; Y/Y: 3.1% v 3.4%e
- (UK) Sept Retail Sales (Incl Auto) M/M: -0.3% v -0.1%e; Y/Y: 2.7% v 2.9%e
- (UK) Sept BBA Loans for House Purchase: 39.3K v 41.5Ke (lowest since July 2013)

Fixed Income:
- None seen

Indices [Stoxx50 +0.3%
, FTSE 100 -0.5% at 6,368, DAX +0.4% at 8,975, CAC-40 +0.3% at 4,116, IBEX-35 -0.1% at 10,241, FTSE MIB flat at 19,237, SMI flat at 8,503, SP 500 Futures +0.5% at 1,935]

- Market Focal Points/Themes: Equity markets open lower amid mixed corporate earnings, Markets pare losses after better German PMI, Earnings recap (Credit Suisse above ests, Daimler beats ests, Publicis cuts sales forecast, Tesco declines after withdrawing outlook, Unilever sales below ests, UK real estate broker Foxtons warns on outlook, Michelin weighed down by weaker than expected sales, Nokia beats ests), US morning earnings (Potash, Eli Lilly, Under Armour, GM, Caterpillar, 3M, United Continental, American Airlines)

By Sector
- Consumer Discretionary
[Premier Foods PFD.UK -7% (cautious outlook),Tesco TSCO.UK -4% (withdrew FY outlook), Unilever ULVR.UK -3% (Q3 sales below ests), Publicis PUB.FR -3% (cut FY sales outlook); Pernod Ricard RI.FR +1.5% (Q1 organic growth +2%)]
- Technology [Gemalto GTO.NL -3% (reaffirmed outlook); Logitech LOGN.CH +5% (Q2 profits above ests), Nokia NOK1V.FI +3% (Q3 results above ests)]
- Telecom [Orange ORA.FR +2% (Q3 results above ests)]
- Healthcare [Morphosys MOR.DE +2% (raised outlook)]
- Financials [Foxtons FOXT.UK -15% (profit warning); Credit Suisse CSGN.CH flat (Q3 results above ests)]
- Industrials [Safran SAF.FR +2% (reaffirmed outlook), MTU Aero Engines MTX.DE +2% (raised outlook); Michelin ML.FR -4% (Q3 sales below ests), Daimler DAI.DE -0.5% (reaffirmed outlook)]
- Basic Materials/Resources [Anglo American AAL.UK -1% (Q3 copper production -15%)]
- Energy [Neste Oil NES1V.FI +8% (Q3 results above ests)]
- Stoxx50 sectors [Utilities +1.6%, Telecom +1.5%. Consumer Cyclical +1.4%, Financials +1.2%, Basic Materials +0.7%, Industrials +0.6%, Consumer Non-Cyclical +0.6%, Technology +0.4%, Energy +0.2%]

- BOE's Broadbent
touted the MPC majority view that any rate increase would likely to be limited and gradual. Rates would rise when headwinds dissipate
- ECB's Weidmann (Germany) reiterated Council view that deflation risk was low and that it was more concerned about too prolong period of low inflation. He added that ECB had taken measures to address the risk
- Norway Central Bank Gov Olsen post rate decision comments noted that it had a consensus to keep rates on hold and did not discuss a rate cut.
- EU Commission might tell France to add another 6.0B in budget cuts for 2015. It could ask for an addition 4-6B in cuts on top of the planned 21B in cuts
- EU said to be seeking clarification on Italy's 2015 budget plans including a query on funding and taxes
- Hong Kong Police: Road protests at Mong Kok turning into a riot
- Philippines Central Bank post rate statement noted that risks to inflation outlook were broadly balanced and domestic demand conditions continued to be resilient.

Currencies/Fixed Income:
- EUR/USD managed to overcome initial losses and off 2-week lows in the session aided by beats in the German and Euro Zone PMI Manufacturing data. Hoever, most traders stilll believed the outlook for the EUR currency remained bearish
- The GBP exhibited a soft tone after Sept retail sales data missed expectations and hit a 1-week low just below the 1.60 handle

Political/In the Papers:
- (EU) ECB's Mersch (Luxembourg): EMU economy is still in the danger zone; recovery still a way off
- (JP) Japan Treasury sells 3-month bills at -0.0037% (first negative yield on record for an auction)

**Looking Ahead***
All times listed for economic events are denominated in Eastern Standard Time (Add 4 hours for GMT equivalent)
- (EU) EBA Direcor Farkas Speaks at OMFIF
- (EU) EU Leaders begin 2-day Summit in Brussels
- 05:30 (EU) EU's Ashton press conference
- 06:00 (UK) Oct CBI Industrial Trends Total Orders: -3e v -4 prior; Selling Prices: 0e v +1 prior; Business Optimism: 15e v 19 prior
- 06:00 (IE) Ireland Sept PPI M/M: No est v 0.3% prior; Y/Y: No est v -2.0% prior
- 06:00 (RO) Romania to sell bonds
- 06:45 (US) Daily Libor Fixing
- 07:00 (PL) Poland to sell combined PLN2.0-6.0B in 2016 and 2019 Bonds
- 07:00 (RU) Russia Gold and Forex Reserve w/e Oct 17th: No est v $451.7B prior
- 07:00 (TR) Turkey Central Bank (CBRT) Interest Rate Decision: Expected to leave Benchmark Repurchase Rate unchanged at 8.25%; Expected to leave Overnight Lending Rate unchanged at 11.25%; Expected to leave Overnight Borrowing Rate unchanged at 7.50%
- 07:00 (BR) Brazil Sept Unemployment Rate: 5.1%e v 5.0% prior
- 07:00 (EU) EU Conservative leaders hold pre-summit meeting in Brussels
- 08:00 (PL) Poland Central Bank (NBP) Oct Minutes
- 08:15 (US) Baltic Dry Bulk Index
- 08:30 (US) Sept Chicago Fed National Activity Index: +0.15e v -0.21 prior
- 08:30 (US) Initial Jobless Claims: 281Ke v 264K prior; Continuing Claims: 2.38Me v 2.389M prior
- 08:30 (US) Weekly USDA Net Export Sales
- 09:00 (US) Aug FHFA House Price Index M/M: 0.3%e v 0.1% prior
- 09:45 (US) Oct Preliminary Markit Manufacturing PMI: 57.0e v 57.5 prior
- 10:00 (US) Sept Leading Index: 0.7%e v 0.2% prior

- 10:00 (EU) Euro Zone Oct Advance Consumer Confidence: -12.0e v -11.4 prior
- 10:30 (US) Weekly EIA Natural Gas Inventories
- 10:30 (CA) Bank of Canada (BOC) Gov Poloz with Dep Gov Wilkins in Senate Committee
- 11:00 (US) Oct Kansas City Fed Manufacturing Activity Index: 6e v 6 prior
- 11:00 (US) Fed to purchase $1.35-1.65B in notes
- 13:00 (US) Treasury to sell $7.0B in 30-Year TIPS Reopening
- 15:00 (AR) Argentina Aug Economic Activity Index M/M: No est v 0.1% prior; Y/Y: No est v 0.0% prior
- 19:00


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