User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday February 13, 2015 - 11:21:17 GMT
Trade the News Staff - www.global-view.com/forex-services/TTN/

Share This Story:
| | Email

TradeTheNews.com EU Mid-Market Update: Rising risk appetite helps Dax hit record high above 11,000


Fri, 13 Feb 2015 5:16 AM EST

***Notes/Observations***
- Risk appetite gathers momentum after thaw on Greece and cease-fire agreement in Eastern Ukraine
- Signs that a technical agreement on Greece was possible as relations between Greece and Germany seem to thaw
- European Q4 GDP paints positive picture (Germany, Portugal, Italy and Euro Zone beat expectations)
- Italy Q4 GDP registers its first non-contraction in 14 quarters

**Economic data***
- (SG) Singapore Dec Retail Sales M/M: -2.0% v -0.7%e; Y/Y: 2.6% v 4.5%e; Retail Sales Ex Auto Y/Y: -3.2% v +0.5%e
- (FR) France Q4 Preliminary GDP Q/Q: 0.1% v 0.1%e; Y/Y: 0.2% v 0.3%e
- (DE) Germany Q4 Preliminary GDP (beat); Q/Q: 0.7% v 0.3%e; Y/Y: 1.6% v 1.2%e; GDP WDA Y/Y: 1.4% v 1.0%e

- (DE) Germany Jan Wholesale Price Index M/M: -0.4% v -1.0% prior; Y/Y: -2.6% v -2.3% prior
- (NL) Netherlands Q4 Preliminary GDP Q/Q: 0.5% v 0.4%e; Y/Y: 1.0% v 1.0% prior
- (FR) France Q4 Preliminary Non-Farm Payrolls Q/Q: 0.0% v -0.2%e; Wages Q/Q: 0.1% v 0.2%e
- (CZ) Czech Republic Q4 Advance GDP (miss); Q/Q: 0.2% v 0.6%e; Y/Y: 1.3% v 1.9%e
- (HU) Hungary Q4 Preliminary (beat) GDP Q/Q: 0.9% v 0.5%e; Y/Y: 3.4% v 2.7%e
- (ES) Spain Jan CPI M/M: -1.6% v -1.2%e; Y/Y: -1.3% v -1.4%e
- (CH) Swiss Jan Producer & Import Prices M/M: -0.6% v -0.7%e; Y/Y: -2.7% v -2.7%e
- (IT) Italy Q4 Preliminary GDP (beat); Q/Q: 0.0% v -0.1%e; Y/Y: -0.3% v -0.5%e (first non-contraction in 14 quarters)
- (PL) Poland Q4 Preliminary GDP Q/Q: 0.6% v 0.6%e; Y/Y: 3.0% v 3.1%e
- (CZ) Czech Dec Current Account Monthly (CZK): -3.8B v -15.0Be
- (CN) China Jan Aggregate Financing (CNY): 2.05T v 2.10Te
- (CN) China Jan New Yuan Loans (CNY): 1.47T v 1.35Te
- (CN) China Jan M2 Money Supply Y/Y: 10.8% v 12.5%e (slowest on record)
- (PT) Portugal Q4 Preliminary GDP Q/Q: 0.5% v 0.3%e; Y/Y: 0.7% v 0.4%e
- (EU) Euro Zone Q4 Advance GDP (beat) Q/Q: 0.3% v 0.2%e; Y/Y: 0.9% v 0.8%e
- (GR) Greece Q4 Advance GDP (miss) Q/Q: -0.2%% v +0.4%e; Y/Y: 1.5% v 2.1%e

- (CY) Cyprus Q4 Preliminary GDP Q/Q: -0.7% v -0.3% prior; Y/Y: -2.0% v -1.7% prior

Fixed income:
- (IN) India sold total INR130B vs. INR130B indicated in 2020, 2028, 2033 and 2044 bonds
- (ZA) South Africa sold total ZAR350M vs. ZAR800M indicated in I/L 2025, 2046 and 2050 Bonds

*** SPEAKERS/FIXED INCOME/FX/COMMODITIES/ERRATUM ***
**Equities**
Indices [Stoxx50 +0.9%
, FTSE 100 +0.8% at 6,879, DAX +0.6% at 10,981, CAC-40 +0.7% at 4,759, IBEX-35 +1.4% at 10,715, FTSE MIB +1% at 21,229, SMI +0.5% at 8,654, Athens Stock Exchange +5.5%, S&P 500 Futures +0.2% at 2,088]

- Market Focal Points/Key Themes: Equity markets extend Thursday's gains amid better German Q4 GDP and decline in Greek yields; DAX trades at fresh record high above 11,000, S&P 500 Futures near record high; Rolls Royce issues cautious outlook; Anglo American FY profits above ests; ArcelorMittal's FY profits improve; German Copper producer Aurubis reports better profits; ThyssenKrupp Q1 profits hurt by strike in Italy

By Sector
- Consumer Discretionary
[Beiersdorf BEI.DE +2% (FY profits rose), L'Oreal OR.FR +1.5% (FY LFL sales +4.9%)]
- Energy [Seadrill SDRL.NO -10% (contract cancellation)]
- Basic Materials/Resources [Anglo American AAL.UK +3% (FY profits above ests), ArcelorMittal MT.NL +2.5% (FY EBITDA rose), Aurubis NDA.DE +2% (Q1 profits above ests); ThyssenKrupp TKA.DE -3% (Q1 profits below ests)]
- Technology [Rocket Internet RKET.DE -7% (share placement), Imagination Technologies IMG.UK -3% (share placement)]
- Stoxx50 Sectors [Technology +1.2%, Energy +1%, Financials +0.9%, Industrials +0.7%, Basic Materials +0.7%, Consumer Non-Cyclical +0.6%, Telecom +0.5%, Consumer Cyclical +0.2%, Utilities +0.1%]

**Speakers**
- EU official stated that Greece and Euro Area workers have started technical work
(as expected). Saw good technical basis for talks with Greece but no prediction on the outcome ahead of Monday's Eurogroup meeting
- EU's Moscovici: There was room to maneuver on the Greece bailout program
- France Fin Min Sapin: Greece discussions were advancing very well; Greece must respect its European commitments
- Sweden Central Bank (Riksbank) Dep Gov Jochnick: stated that Riksbank couldn do more if required; could cut Repo Rate further into negative territory and lower rate path outlook and extend govt bond purchases; lend to companies vis banks as well
- Hungary Econ Min Varga: Domestic growth path was sustainable; 2015 GDP could exceed the 2.5% target. Russian sanctions and fewer EU projects were some risks to growth outlook
- Russia Econ Min Ulyukayev: EU and Russia close to easing tensions in their relationship
- Donetsk Rebel Representative: Ukraine is not following Minsk agreements
- IMF on South Korea: Country to clearly benefit from lower oil prices, but might take some time. BOK has monetary, fiscal policy space to take action if clear signs of recovery did emerge

**Currencies***
- A quiet EU session despite a plethora of European GDP data.
Dealers instead debated whether a top in the USD price action has been made. The EUR/USD remained above the 1.14 level and higher by approx. 0.2% in the session. USD/JPY staying below the 119 handle ahead of the NY morning.

**Political/In the Papers:
- (GR) Greece official confirms the ELA has been extended by 5B; extension runs for one week, until Feb 18th
- (GR) Eurogroup discussions on Greece reportedly indicate Greece would consider dialogue on surplus and privatization aspects of the bailout program; Germany willing to avoid obliging all aspects of the bailout program to remain in place
- (RU) EU Commission President Tusk: Not hesitate to take steps if Ukraine cease-fire doesn't happen

**Looking Ahead***
All times listed for economic events are denominated in Eastern Standard Time (Add 5 hours for GMT equivalent)
- (IE) Fitch to comment on Austria sovereign
- (AT) Fitch to comment on Austria sovereign rating
- (IT) Moody's could comment on Italy sovereign rating
- (DE) Canada rating agency DBRS to comment on Germany sovereign rating
- (CO) Colombia Jan Consumer Confidence Index: No est v 22.4 prior
- (PT) Bank of Portugal releases Data on Banks
- 05:30 (SK) Slovakia Debt Agency (ARDAL) to sell combined 300M in 2024 and 2029 bonds
- 06:00 (PT) Portugal Q4 Labour Costs Y/Y: No est v 0.5% prior
- 06:00 (IE) Ireland Dec Trade Balance: No est v 2.3B prior
- 06:00 (UK) DMO to sell combined 3.0B in 1-month, 3-month and 6-month Bills (0.5B, 1.0B and 1.5B respectively)
- 06:00 (EU) Weekly ECB 3-Year LTRO Repayment vs. 10.0Be
- 06:30 (IN) India Weekly Forex Reserves
- 06:45 (US) Daily Libor Fixing
- 07:00 (IS) Iceland Jan Unemployment Rate: No est v 3.4% prior
- 08:00 (PL) Poland Jan CPI M/M: -0.1%e v -0.3% prior; Y/Y: -1.2%e v -1.0% prior
- 08:00 (PL) Poland Jan M3 Money Supply M/M: -0.9%e v +2.7% prior; Y/Y: 9.0%e v 8.4% prior
- 08:00 (PL) Poland Current Account Balance: -0.5Be v -0.3B prior; Trade Balance: -0.3Be v -0.1B prior; Exports: 12.2Be v 13.6B prior; Imports: 12.6Be v 13.7B prior
- 08:15 (US) Baltic Dry Bulk Index
- 08:30 (US) Jan Import Price Index M/M: -3.2%e v -2.5% prior; Y/Y: -8.9%e v -5.5% prior
- 08:30 (CA) Canada Dec Manufacturing Sales M/M: +0.9%e v -1.4% prior
- 08:30 (US) Revisions of Producer Price Index (PPI)
- 10:00 (US) Feb Preliminary University of Michigan Confidence: 98.1e v 98.1 prior
- 10:50 (BE) ECB's Preat (Belgium)
- 13:00 (PT) ECB's Constancio (Portugal)
- 13:00 (CO) Colombia Central Bank Monetary Policy Minutes
- 13:30 (US) Fed's Fisher
- 14:00 (AR) Argentina Jan National Urban CPI M/M: No est v 1.0% prior; Y/Y: No est v 23.9% prior
- 14:00 (AR) Argentina Jan Wholesale Price Index M/M: No est v 1.0% prior; Y/Y: No est v 28.3% 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.

Register To Test Your Amazing Trader


GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium


Mon 23 Apr 2018
A All Day- Flash PMIs
AA 14:00 US- Existing Homes Sales
Tue 24 Apr 2018
AA 01:30 AU- CPI
A 08:00 DE- IFO Survey
A 14:00 US- CB Confidence
A 14:00 US- New Homes Sales
Wed 25 Apr 2018
AA 14:30 US- EIA Crude
Thu 26 Apr 2018
AA 11:45 EZ- ECB Decision
A 12:30 US- Durable Goods
A 12:30 US- Weekly Jobless
Fri 27 Apr 2018
AA 03:00 JP- Bank of Japan
A 08:00 DE- Employment
A 08:30 GB- GDP
A 14:00 US- University of Michigan


John M. Bland, MBA
co-founding Partner, Global-View.com
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.


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