User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Monday December 1, 2014 - 05:57:19 GMT
Trade the News Staff -

Share This Story:
| | Email Asian Market Update: China PMIs at multi-month lows; Japan CapEx data bode well for upward GDP revision - Source

- (CN) CHINA NOV FINAL HSBC MANUFACTURING PMI: 50.0 V 50.0E (6-month low) - (CN) CHINA OFFICIAL NOV MANUFACTURING PMI: 50.3 V 50.5E (8-month low) - (AU) AUSTRALIA Q3 COMPANY OPERATING PROFIT Q/Q: +0.5% V -1.3%E; INVENTORIES Q/Q: 0.7% V 0.2%E - (AU) AUSTRALIA NOV TD SECURITIES INFLATION M/M: 0.1% V 0.2% PRIOR; Y/Y: 2.2% V 2.3% PRIOR - (AU) AUSTRALIA NOV CORELOGIC HOUSE PRICES M/M: -0.3% V +1.0% PRIOR; first decline in 6 months - (AU) AUSTRALIA NOV AIG PERFORMANCE OF MANUFACTURING INDEX: 50.1 V 49.4 PRIOR (1st expansion in 4 months) - (NZ) NEW ZEALAND Q3 TERMS OF TRADE INDEX Q/Q: -4.4% V -4.5%E - (JP) JAPAN Q3 CAPITAL SPENDING Y/Y: 5.5% (fifth quarter of expansion) V 2.0%E; CAPITAL SPENDING EX-SOFTWARE Y/Y: 5.6% V 1.5%E - (JP) JAPAN NOV FINAL MARKIT/JMMA MANUFACTURING PMI: 52.0 V 52.1 PRELIM - (KR) SOUTH KOREA NOV HSBC MANUFACTURING PMI: 49.0 V 48.7 PRIOR (3rd consecutive contraction) - (KR) SOUTH KOREA NOV TRADE BALANCE: $5.6B V $6.2BE ***Index Snapshot (as of 02:30 GMT)***- Nikkei225 +0.8%, S&P/ASX -1.6%, Kospi -0.8%, Shanghai Composite +0.7%, Hang Seng -1.9%, Dec S&P500 -0.4% at 2,057***Commodities/Fixed Income***- Feb gold -2.1% at $1,151, Jan crude oil -2.2% at $64.70/brl, Mar copper -1.6% at $2.80/lb- (CH) Switzerland votes "No" on gold referendum that would have required SNB to hold 1/5 of reserves in Gold; Vote was 78% in opposition to proposal- GLD: SPDR Gold Trust ETF daily holdings fall 1.2 tonnes to 717.6 tonnes; Lowest level since Sept 2008 - (JP) BOJ offers to buy 110B in JGB with maturity less than 1-yr, 450B in 1-3yr JGB, 450B in 3-5yr JGB - (KR) South Korea MoF sells 3-yr govt bonds at average yield of 2.06% ***Market Focal Points/Key Themes/FX***- Jan crude oil extended its decline to as low as $64.10 - a 4 1/2 year low - as traders in Asia responded to a post OPEC-production hold with a follow-through selloff. Gold was also a big mover in commodities space, falling over $20/oz as Swiss "NO" vote on gold-reserve minimum referendum was defeated by a sound margin. Silver tracked gold losses with its own outsized decline.- China twin PMIs for November saw an 8-month low for the Official and a 6-month low for HSBC Final prints respectively. AUD/USD hits its lows of the day after the official PMI release below $0.8420, down over 80pips from Friday close. Employment component deteriorated another 0.2pts to 48.2, while Export orders fell 1.5pts to 48.4. The final HSBC PMI remained on the cusp of falling into contraction, even though HSBC chief China economist forecasted stabilisation in property and manufacturing sectors in the coming months thanks to the latest PBoC rate cuts. Separately in China, the Cabinet unveiled the details on proposed bank deposit insurance, covering 100% of deposit amount up to CNY500K. In Hong Kong, tensions resurfaced after police authorities were forced to use batons and pepper spray against protesters attempting to surround the office of Chief Executive Leung.- Japan Q3 CAPEX figures were much better than expected, prompting analysts to offer rosier projections for Q3 GDP than initially reported. Recall the preliminary GDP figures plunged Japan into a technical recession and sealed the delay in 2nd round sales tax hike. Japan final manufacturing PMI saw a downtick to 52.0, even though new orders and employment components rose. PM Abe said he would undertake more steps to boost consumption, declaring "Abenomics is still only halfway" to achieving its goals.- Australia PM Abbott's ruling coalition was undermined after losing control of the state of Victoria - Australia's 2nd most populous state - to opposition Labor. Press reports attribute the loss to Abbott having broken a number of election promises "including a pledge not to raise taxes." Australia Q3 corporate profits recovered, with the focus now turning to the RBA cash rate decision tomorrow and the quarterly GDP figures on Wednesday.- US Black Friday report card is mixed - online sales as measured by ChannelAdvisor exceeded estimates with a 22% y/y increase while National Retail Federation said 2014 Thanksgiving spending was down 11% y/y as a result of heavy discounting that started early. Traffic fell 5.2% y/y, and Online sales were about 43% of total, little changed from 2013.- Ahead of this week's ECB decision, Bundesbank's Lautenschlaeger hardened the German opposition to expanding QE, noting a "broad purchase program of government bonds does not give a positive outcome" in consideration of costs and benefits. She added that long-term interest rates in Spain and Italy are already lower than in US and UK, urging for unanimous monetary policy to maintain price stability.***Equities***US shares/ADRs: - GSK: Said to cut hundreds of jobs in the US as part of a 3-year $1.6B cost initiative - financial press- PT: Altice SA said to have reached a deal to acquire company for 7.4B; Deal may be announced on Monday - financial press- PG: Said to have hired an advisor to sell its hair care unit valued at $7B - financial pressNotable movers by sector:- Consumer Discretionary: Pola Orbis Holdings 4927.JP +5.6% (raises FY14/15 guidance)- Financials: Ping An Insurance 601318.CN +3.7% (to issue H-shares)- Materials: Metcash MTS.AU -14.2% (H1 results)- Energy: Sundance Energy Australia SEA.AU -10.4%, Santos STO.AU -6.8%, Drillsearch Energy DLS.AU -9.3% (WTI Crude below $65/barrel)- Industrials: UGL Ltd UGL.AU -1.5% (Chairman comments on possible write-downs) - Source


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