User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday November 20, 2014 - 11:34:14 GMT
Trade the News Staff -

Share This Story:
| | Email EU Market Update: Major European PMI data continues to disappoint

Thu, 20 Nov 2014 5:15 AM EST

- Japan Oct Trade Balance: -0.7T v -1.027Te; Adj Trade Balance: -1.00T v -1.100Te; Exports see largest rise since Feb (Y/Y: 9.6% v 4.5%e)
- (JP) Japan Nov Preliminary Manufacturing PMI: 52.1 v 52.7e (6th consecutive expansion)
- China's economy is slowing as Nov Preliminary HSBC Manufacturing PMI hits a 6-month low (50.0 vs. 50.2e); Disinflationary pressures remain strong and the labour market showed further signs of weakening
- Swiss gold referendum shows 'yes' votes losing momentum
- Major European Nov Preliminary PMI data misses expectations with Germany Manufacturing barely holding on to expansion territory
- UK Oct retail sales handily beat expectations but price deflator registered its steepest decline since Dec 2002

**Economic Data***
- (CH) Swiss Oct Trade Balance (beats) (CHF): 3.3B v 2.6Be;
Real Exports M/M: +4.7 v -3.6% prior; Real Imports M/M: +2.7% v -6.2% prior
- (JP) Japan Oct Convenience Store Sales Y/Y: -1.1% v -1.3% prior (7th straight decline)
- (DE) Germany Oct PPI (in line) M/M: -0.2% v -0.2%e; Y/Y: -1.0% v -1.0%e
- (TW) Taiwan Oct Export Orders (beats) Y/Y: 13.4% v 9.4%e
- (FR) France Nov Preliminary PMI data mixed; Manufacturing PMI (misses
): 47.6 v 48.8e; Services PMI beats): 48.8 v 48.5e; Composite PMI: 48.4 v 48.7e
- (DE) Germany Nov Preliminary PMI data misses; Manufacturing PMI: 50.0 v 51.5e; Services PMI: 52.1 v 54.5e ; Composite PMI: 52.1 v 54.0e
- (HK) Hong Kong Oct CPI Composite Y/Y: 5.2% v 4.0%e
- (EU) Euro Zone Nov Preliminary PMI data misses; Manufacturing PMI: 50.4 v 50.8e; Services PMI: 51.3 v 52.4e; Composite PMI: 51.4 v 52.3e
- (NO) Norway Q3 GDP Q/Q: 0.5% v 0.5%e; GDP Mainland Q/Q: 0.4% v 0.2%e
- (UK) Oct Retail Sales Ex Auto M/M: 0.8% v 0.3%e; Y/Y: 4.6% v 4.2%e
- (UK) Oct Retail Sales (Incl. Auto) M/M: 0.8% v 0.3%e; Y/Y: 4.3% v 3.8%e

Fixed Income:
- (ES) Spain Debt Agency (Tesoro) auction results mixed; sold total 3.04B vs. 2.0-3.0B indicated range in 2017, 202 and 2041 Bonds

- Sold 1.21B in 0.50% 2017 bono bond; Avg Yield: 0.638% v 0.692% prior; Bid-to-cover: 3.28x v 4.05x v prior; Maximum Yield: 0.677% v 0.720% prior
- Sold 1.26B in 1.40% 2020 bono; Avg Yield 1.060% v 0.963% prior; Bid-to-cover 2.77x v 4.67 prior; Maximum Yield: 1.084% v 0.971% prior
- Sold 571M in 4.70% July 2041 Bono bond; Avg Yield 3.455% v 5.432% prior; Bid-to-cover: 2.35x v 2.1x prior; Maximum Yield 3.465% v 5.454% prior
-(FR) France Debt Agency (AFT) results solid; sold total 7.49 vs. 6.5-7.5B indicated range in 2017 and 2019 Oats
- Sold 1.498B in 1.0% July 2017 BTAN note; Avg Yield 0.05% v 0.55% prior; Bid-to-cover: 3.07x v 2.75x prior
- Sold 3.474B in 1.75% Feb 2017 BTAN; avg Yield 0.04% v 1.43% prior; Bid-to-cover: 2.03x v 2.17x prior
- Sold 2.52B in 0.50% 2019 Oat; Avg Yield: 0.30% v 0.34% prior; Bid-to-cover: 2.09x v 1.88x prior

Indices [Stoxx50 -0.8%
, FTSE 100 -0.4% at 6,667, DAX -0.4% at 9,431, CAC-40 -0.7% at 4,234, IBEX-35 -1.5% at 10,210, FTSE MIB -1.2% at 19,157, SMI +0.1% at 8,992, S&P 500 Futures -0.3% at 2,040]

- Market Focal Points/Key Themes: European equity markets open mixed following Wednesday's declines in US markets , Fed minutes and weaker China PMI; Markets decline after weaker German PMI, Peripheral indices underperform amid wider debt spreads, France PMI mixed, FTSE 100 ex-dividends (Sainsbury, Carnival, Tate & Lyle, Vodafone, National Grid), Large steelmaker ThyssenKrupp beats estimates and resumes dividend payments, Austrian bank Raiffeisen beats ests, Lower iron ore prices continue to weigh on miners, Oil services M&A (France's CGG rejects approach from Technip) , US morning earnings (Best Buy, Dollar Tree, JinkoSolar)
By Sector

By sector:
- Basic Resources/Materials
[ThyssenKrupp TKA.DE +2.5% (FY results above ests, resumed dividend), Johnson Matthey JMAT.UK +4% (guided FY15 results higher y/y)]
- Energy [Technip TEC.FR -5.5% (merger offer for CGG); CGG CGG.FR +20% (merger approach from Technip)]
- Consumer Discretionary [Casino CO.FR -3.5% (weak IPO pricing for Cnova); Randstad RAND.NL +4.5% (Oct Rev +4% y/y)]
- Healthcare [Sanofi SAN.FR -2% (strategy update)]
- Financials [Investec INVP.UK +1% (H1 Op profit rose)]
- Industrials [Babcock International BAB.UK +1.5% (H1 pretax profit +32%)]
- Stoxx50 sectors [Basic Materials -1.1%, Utilities -1%, Consumer Cyclical -0.8%, Financials -0.8%, Industrials -0.8%, Energy -0.7%, Consumer Non-Cyclical -0.5%, Telecom -0.3%, Technology -0.3%]

- France Fin Min Sapin
downplayed reports that France would be fined for non-compliance of EU budget rules
- Japan Fin Min Aso: to hold lower house election on Dec 14th
- Iran Oil Min: To hold talks with Saudi Arabia regarding market share at OPEC meeting next week
- Iran said not be willing to give up any ground on the Arak nuclear reactor

- The EUR/USD saw its marginal gains in the session dissipate after German PMI Manufacturing came in below expectations and barely stayed in growth territory
. The pair slumped to test 1.2505
- USD/JPY hit fresh 7-year highs for the fifth consecutive day as it fell just short of the 119 handle aided by US yield advantage over the yen. (moving back to recent highs near 190 bps)

**Political/In the Papers:
- (EU) Goldman Sachs analysts forecast Euro Zone QE as likely in Q2 of next year
- (US) Goldman Sachs Chief Economist Hatzius: Fed may need to raise rates more than the market is expecting; Goldman still forecasting first Fed rate hike in Sept 2015
- (FR) EU Commission likely to seek more savings from France in 2016, 2017
- (CH) Upcoming Swiss Gold Referendum vote more skewed towards the No's

**Looking Ahead***
All times listed for economic events are denominated in Eastern Standard Time (Add 5 hours for GMT equivalent)
- (IT) Italy Econ Min Padoan speaks at OMFIF
- (IR) Iran nuclear talks restart in Vienna
- (PT) Portugal Sept Current Account Balance: No est v 0.6B prior
- 05:30 (HU) Hungary Debt Agency (AKK) to sell 12-month Bills
- 05:30 (HU) Hungary Debt Agency (AKK) to sell Floating Rate Bonds
- 05:30 (UK) DMO to sell 0.9B in 0.625% I/L 2042 Gilts
- 05:30 (IR) Ireland Debt Agency (NTMA) to sell 500M in 6-month Bills
- 05:50 (FR) France Debt Agency (AFT) to sell combined 1.3B in Inflation Linked (Oatei) 2023, 2027 and 2040 bonds
- 06:00 (RO) Romania to sell 2018 Bonds
- 06:00 (UK) Nov CBI Industrial Trends Total Orders: -5e v -6 prior; Selling Prices: -5e v -3 prior
- 06:00 (IL) Israel Sept Manufacturing Production M/M: No est v 3.4% prior
- 06:45 (US) Daily Libor Fixing
- 07:00 (PL) Poland to sell Bonds
- 07:00 (RU) Russia Gold and Forex Reserve w/e Nov 14th: No est v $421.4B prior
- 07:00 (TR) Turkey Central Bank (CBRT) Interest Rate Decision: Expected to keep key rates unchanged; Expected to leave Benchmark Repurchase Rate unchanged at 8.25%; Expected to leave Overnight Lending Rate unchanged at 11.25% prior; Expected to leave Overnight Borrowing Rate unchanged at 7.50% prior
- 07:45 (US) Fed's Tarullo at clearing house conference
- 08:00 (ZA) South Africa Central Bank (SARB) Gov Kganyago press conference ahead of Interest Rate Decision
- 08:00 (PL) Poland Oct Sold Industrial Output M/M: 3.7%e v 16.5% prior; Y/Y: 1.4%e v 4.2% prior; Construction Output Y/Y: 2.2%e v 5.6% prior
- 08:00 (PL) Poland Oct PPI M/M: -0.2%e v +0.1% prior; Y/Y: -1.2%e v -1.6% prior
- 08:00 (PL) Poland Central Bank (NBP) Nov Minutes
- 08:00 (ZA) South Africa Central Bank (SARB) Interest Rate Decision: Expected to leave Interest Rate unchanged at 5.75%
- 08:15 Baltic Dry Bulk Index
- 08:30 (US) Oct CPI M/M: -0.1%e v 0.1% prior; Y/Y: 1.6%e v 1.7% prior
- 08:30 (US) Oct CPI Ex Food and Energy M/M: 0.1%e v 0.1% prior; Y/Y: 1.7%e v 1.7% prior

- 08:30 (US) Oct CPI Index NSA: 237.300e v 238.031 prior; CPI Core Index SA: 238.045e v 239.034 prior
- 08:30 (US) Initial Jobless Claims: 284Ke v 290K prior; Continuing Claims: 2.37Me v 2.392M prior
- 08:30 (CA) Canada Sept Wholesale Trade Sales M/M: 0.8%e v 0.2% prior
- 08:30 (US) Weekly USDA Net Export Sales
- 09:00 (SW) Sweden Central Bank (Riksbank) Dep Gov Floden
- 09:00 (BE) Belgium Nov Consumer Confidence Index: No est v -12 prior
- 09:00 (MX) Mexico Sept Retail Sales Y/Y: 3.2%e v 4.4% prior
- 09:30 (LX) ECB's Mersch (Luxembourg)
- 09:45 (US) Nov Preliminary Markit US Manufacturing PMI: 56.3e v 55.9 prior
- 10:00 (US) Nov Philadelphia Fed Business Outlook: 18.5e v 20.7 prior
- 10:00 (US) Oct Existing Home Sales: 5.15Me v 5.17M prior
- 10:00 (US) Oct Leading Index: 0.6%e v 0.8% prior
- 10:00 (EU) Euro Zone Nov Advance Consumer Confidence: -10.7e v -11.1 prior

- 10:30 (US) Weekly EIA Natural Gas Inventories
- 10:30 (DE) ECB's Lautenschaeger with EU's van Rompuy in Brussels
- 11:00 (US) Treasury 2-year, 5-year and 7-year refunding announcement (also 2-year FRN)
- 12:00 (CH) SNB's Zurbrugg speaks in Geneva
- 13:00 (US) Treasury to sell $13B in 10-Year TIPS Reopening
- 13:30 (US) Feds Mester on forward guidance in London
- 15:00 (US) API Monthly Statistical Report
- 19:20 (AU) RBA's Heath speech at Mining Industry Conference
- 20:00 (US) President Obama speech on immigration
- 20:30 (US) Fed's Williams speaks at Bank of Korea event
- (AR) Argentina Nov Consumer Confidence Index: No est v 43.94 prior
- (MX) Mexico Banamex Survey of Economists
- (UK) House of Commons By-Election in Rochester & Strood


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