User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday February 19, 2015 - 12:03:59 GMT
Trade the News Staff - www.global-view.com/forex-services/TTN/

Share This Story:
| | Email

TradeTheNews.com EU Mid-Market Update: Greece submits its loan extension request; ECB to release its first ever minutes today


Thu, 19 Feb 2015 5:22 AM EST

***Notes/Observations***
- Greece formally submit its request for loan extension; Eurogroup to meet on Friday to review the document
- ECB downplays talk of capital controls for Greece
- ECB to release its first ever minutes
- Dealers note FOMC language might hint to a currency war

**Economic data***
- (JP) Japan Dec Final Leading Index CI: 105,6 v 105.2 prelim; Coincident Index: 110.7 v 110.7 prelim
- (JP) Japan Jan Nationwide Dept Sales Y/Y: -2.8% v -1.7% prior; Tokyo Dept Store Sales Y/Y: 0.7% v 0.3% prior
- (CH) Swiss Jan Trade Balance (CHF): 3.4B v 1.2Be; Real Exports M/M: +2.9 v -2.9% prior; Real Imports M/M: -2.2 v +0.7% prior
- (FI) Finland Jan CPI M/M: -0.7% v 0.0%e; Y/Y: -0.2% v +0.5%e
- (FR) France Jan CPI M/M: -1.0% v -1.0%e; Y/Y: -0.4% v -0.3%e; CPI
- (TR) Turkey Feb Consumer Confidence Index: 68.1 v 68.0e
- (DK) Denmark Feb Consumer Confidence Indicator: 9.1 v 8.0e
- (EU) ECB 65M borrowed in overnight loan facility vs. 215M prior; 47.2B parked in deposit facility vs. 48.2B prior - Daily Eurosystem Liquidity Conditions
- (EU) Euro Zone Dec Current Account SA: 17.8B v 19.9B prior; Current Account NSA: 29.2B v 26.5B prior
- (BR) Brazil Feb IGP-M Inflation 2nd Preview: 0.2% v 0.2%e

Fixed Income:
- (ES) Spain Debt Agency (Tesoso) sold total 4.172B vs. 3.5-4.5B indicated range in 2017 and 2025 bonds

- Sold 1.454B in 0.50% Oct 2017 bono bond; Avg Yield: 0.384% v 0.556% prior; Bid-to-cover: 3.27x v 2.46x prior; Maximum Yield: 0.409% v 0.576% prior
- Sold 2.718B in 1.6% 2025 Bonds; Avg Yield: 1.616% (record low) v 1.731% prior; Bid-to-cover: 2.02x v 1.84x prior; Maximum Yield: 1.629% v 1.752% prior
- (FR) France Debt Agency (AFT) sold total 8.494B vs. 7.5-8.5B indicated range in 2017, 2019 and 2020 Oats
- Sold 2.033B in 4.25% Oct 2017 Oat; Avg Yield -0.10% v +0.57% prior; Bid-to-cover: 2.25x v 3.32x prior
- Sold 1.825B in 3.75% Oct 2019 OAT; Avg Yield 0.03% v 1.32% prior; Bid-to-cover: 2.20x v 2.14x prior
- Sold 4.636B in 0.0% new May 2020 Oats; Avg Yield 0.10% v 1.67% prior; Bid-to-cover: 1.37x v 3.0x prior- (SE) Sweden sells total SEK1.0B vs. SEK1.0B indicated in I/L 2019 and 2022 bond

*** SPEAKERS/FIXED INCOME/FX/COMMODITIES/ERRATUM ***
**Equities**
Indices [Stoxx50 +0.2%
, FTSE 100 flat at 6,894, DAX +0.1% at 10,975, CAC-40 +0.2% at 4,809, IBEX-35 +0.3% at 10,833, FTSE MIB +0.1% at 21,681, SMI +0.6% at 8,850, Athens Stock Exchange +1.4%, S&P 500 Futures -0.1% at 2,092]

- Market Focal Points/Key Themes: Equity markets open lower amid focus on FOMC minutes and events related to Greece; Greek equities open higher; Lower oil prices weigh on BP and Shell; FTSE 100 weighed down by Centrica and ex-dividends; Markets pare losses as ECB denies capital control speculation related to Greece; Earnings recap (Nestle, OMV beat ests ; Air France, Schneider Electric, Centrica, Deutsche Boerse and SwissRE miss ests); Ball Corp confirms offer for Rexam; Upcoming ECB minutes

By Sector
- Industrials
[BAE Systems BA.UK -2% (FY profits declined, cautious outlook); Rexam REX.UK +4% (confirmed offer from Ball Corp)
- Utilities [Centrica CAN.UK -7% (FY results below ests, cut dividend)]
- Financials [Deutsche Boerse DB1.DE -0.5% (Q4 sales below ests); Natixis KN.FR +3% (Adj FY profits above ests, acquisition)]
- Consumer Discretionary [Randstad RAND.NL +4% (Q4 profits rose, raised dividend by 36%); Air France AF.FR -4% (weak Q4 results, cut investment plan)]
- Technology [Cap Gemini CAP.FR +6% (FY profits rose, raised dividend)
- Basic Materials/Resources [Bekaert BEKB.BE -6% (cautious guidance)]
- Stoxx50 Sectors [Energy -1%, Utilities -1%, Technology -0.1%, Financials -0.1%, Basic Materials -0.1%; Consumer Non-Cyclical +0.5%, Telecom +0.3%, Consumer Cyclical +0.3%, Industrials flat]

**Speakers**
- Eurogroup confirms plan to meet on Friday, Feb 20th in Brussels to discuss Greek request for bailout extension

- Greece govt official confirms it has requested a 6-month extension of the "Master Financial Assistance Facility Agreement"
- Greece and its creditors said to still be somewhat apart on bailout extension letter
- Greece Extension Request Details: Greek pledges commitment to fiscal balance during interim period under requested loan agreement extension; Reiterated commitment to reforms immediately on tax evasion and corruption. Proposal includes measures to deal with humanitarian crisis and support the economy. . New deal will also include agreement on debt reduction; seeking debt reduction in line with 2012 Eurogroup agreement.
- ECB denied press reports that he Governing Council discussed capital controls for Greece at yesterday's non-monetary policy meeting
- Sweden Central Bank (Riksbank) Dep Gov Jansson stated that he saw decent domestic economic growth ahead. Weaker SEK currency (Krona) should be good for the domestic economy and exports; also to aid inflation outlook. Lower oil prices was a positive factor for growth. Inflation expectations have potential to rise further. Riksbank needed to be prepared to do more. Hard to know the effects of negative interest rates
- Sweden Debt Agency raised its net borrowing requirements for both 2015 and 2016 period citing larger deficits. Raised 2015 net borrowings from SEK51B to SEK80M and raised 2016 net borrowings from SEK13B to SEK34B
- German IFO chief Sinn: Greece was bankrupt and must be accepted by its creditors. Country needed to go back to the Drachma currency (leave the Euro)
- German think-tank DIW official Fratzacher: Compromise with Greece PM Tsipras is possible. Greek capital control would be a last resort
- Japan govt (cabinet office) Feb Report maintained economic assessment for the 4th consecutive month. Current overall assessment was seeing a moderate recovery though weakness could be seen in private consumption

**Currencies***
- The USD faced some headwinds following the release of the FOMC minutes. Fed noted that value of the USD was expected to be a persistent source of restraint on net exports
- The EUR/USD was steady after its post FOMC-gains with dealers eyeing a close above $1.1449 to hint at a shift higher

**Political/In the Papers:
- (GR) ECB to expand Emergency Liquidity Assistance (ELA) for Greece banking sector for another 2 weeks and set the funding at 68.3B vs 65B prior (3.3B increase vs 5B increase in prior move). Separate reports suggested the Greece central bank had requested 5B or 10B increase in the ELA. ECB'S Weidmann (Germany) was said to vote against the increase in the ELA.

**Looking Ahead***
All times listed for economic events are denominated in Eastern Standard Time (Add 5 hours for GMT equivalent)
- (RO) Romania to sell 5.75% 2020 bond
- 05:30 (HU) Hungary Debt Agency (AKK) to sell Bonds
- 05:50 (FR) France Debt Agency (AFT) to sell combined 1.0-2.0B in 0.1% I/L 2025 Oatei
- 06:00 (UK) Feb CBI Industrial Trends Total Orders: +6e v +4 prior; Selling Prices: -7e v -6 prior
- 06:00 (IL) Israel Dec Manufacturing Production M/M: No est v -0.7% prior
- 06:00 (CZ) Czech Republic to sell 12-month Bills; sells CZK in 12-month Bills; Yield: % v 0.09% prior; bid-to-cover: x v 1.1x prior
- 06:45 (US) Daily Libor Fixing
- 07:00 (RU) Russia Gold and Forex Reserve w/e Feb 13th: No est v $374.7B prior
- 07:30 - (EU) ECB Minutes (**Note: first release ever)
- 08:00 (PL) Poland Central Bank (NBP) Feb Minutes
- 08:15 (US) Baltic Dry Bulk Index
- 08:30 (US) Initial Jobless Claims: 290Ke v 304K prior; Continuing Claims: 2.345Me v 2.354M prior
- 08:30 (SE) Sweden Central Bank (Riksbank) Dep Gov Jansson
- 10:00 (US) Feb Philadelphia Fed Business Outlook: 9.0e v 6.3 prior
- 10:00 (US) Jan Leading Index: 0.3%e v 0.5% prior
- 10:00 (EU) Euro Zone Feb Advance Consumer Confidence: -7.5e v -8.5 prior

- 10:00 (DE) German Bundesbank member Dombret in Frankfurt
- 10:30 (US) Weekly EIA Natural Gas Inventories
- 11:00 (US) Weekly DOE Crude Oil Inventories
- 11:00 (US) Treasure 2-year, 5-year, 7-year and 2-year FRN announcement
- 12:15 (CA) Bank of Canada Dep Gov Ctspeech
- 13:00 (US) Treasury to sell $9.0B in 30-Year TIPS
- 16:00 (NZ) New Zealand Government 6-Month Financial Statements
- 16:00 (CO) Colombia Dec Trade Balance: -$1.2Be v -$1.3B prior; Total Imports: No est v $5.3B prior
- 20:35 (JP) Japan Feb Preliminary Manufacturing PMI: No est v 52.2 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."



Elevate Your Trading With The Amazing Trader!

The Amazing Trader includes:
  • Actionable trading levels delivered to YOUR charts in real-time.
  • Live trading strategy sessions.
  • Market Updates with Trading Tools.

Register To Test Your Amazing Trader


Trading Ideas for 21 November 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:


Tue 21 Nov
15:00 US- Existing Homes Sales
23:00 US- Yellen Speech
Wed 22 Nov
13:30 US- Weekly Jobless
13:30 US- Durable Goods
15:00 US- final University of Michigan Survey
15:30 US- EIA Crude
19:00 US- FOMC Minutes
Thu 23 Nov
US/JP- Holiday
All Day flash PMIs
13:30 CA- Retail Sales
Fri 24 Nov
All Day flash PMIs
09:00 DE- IFO Survey
US- Early Closes

Forex Trading Outlook


Potential Trading Opportunities


  • POTENTIAL PRICE RISK: HIGH Mon -- 14:00 GMT EZ- Draghi speaks in Brussels. Looking for any policy hints or bias


  • POTENTIAL PRICE RISK: HIGH Tue -- 13:30 GMT US- Existing Homes Sales. Top Housing Statistic

  • POTENTIAL PRICE RISK: HIGH Tue -- 23:30 GMT US- Yellen Speech. Early evening. Looking for anything on policy


  • POTENTIAL PRICE RISK: Medium Wed -- 13:30 GMT US- Weekly Jobless, Durable Goods
  • POTENTIAL PRICE RISK: Medium Wed -- 15:00 GMT US- final University of Michigan Survey
  • POTENTIAL PRICE RISK: Medium Wed -- 15:30 GMT US- EIA Crude
  • POTENTIAL PRICE RISK: HIGH Wed -- 19:00 GMT US- FOMC Policy Minutes. Key policy release


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

EXCLUSIVE: Global-View Daily Trading Chart Points Updated

EXCLUSIVE: Global-View Free Forex Database updated




TRADER ADVOCACY ARTICLES

Trader's Advocate Articles..

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