User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday April 21, 2015 - 16:06:52 GMT
Trade the News Staff - www.global-view.com/forex-services/TTN/

Share This Story:
| | Email

TradeTheNews.com US Mid-Session Update: Mixed Earnings, Greece Jitters Constrain Equities


Tue, 21 Apr 2015 11:54 AM EST

***Economic Data***
- (IL) Israel Mar Trade Balance: -$1.0B v -$0.3B prior
- (US) Goldman Economist: Chain Store Sales w/e Apr 17th w/w: -0.1%; y/y: +3.3%
- (HU) Hungary Central Bank (NBH) cut Base Rate by 15bps to 1.80% (as expected)
- (CA) Canada Feb Wholesale Trade Sales M/M: -0.4% v +0.5%e
- (US) Redbook Retail Sales w/e Apr 17th: +0.8% y/y, Apr MTD: +0.1%; Apr YTD: +1.0%
- (EU) Weekly ECB Forex Reserves: 272.3B v 273.3B prior

US and European equity indices have given up some or all of their earlier gains as another round of nerves regarding Greece keeps risk appetite subdued. As of writing, the DJIA is down 0.42%, the S&P500 is flat and the Nasdaq is up 0.37%.

Bonds are giving up earlier gains after another round of Greece jitters during the European session. Overnight there were reports that the ECB was studying curbs on Greek bank support via the ELA amid growing opposition to use of the facility to prop up Greece financial sector. Comments by European officials dispelled any hope that resolution would arrive at Friday's Europgroup meeting. The 10-year bund sank as low as 0.062% before rising back above 0.100% during the US session, while the US 10-year yield dipped below 0.1.870% earlier. Peripheral EU yields remain lower. EUR/USD sank to three-day lows around 1.0670 before heading back toward 1.0770 after the open of US cash trading.

Markets are digesting some poor earnings from major firms this morning. Travelers is down more than 2.5% after only just meeting expectations and reporting big y/y declines in ROE. DuPont is also down more than 2.5% after revenue contracted 9% and missed expectations. IBM saw its 12th straight quarter of revenue contraction, exacerbated by lower hardware sales and the strength of the dollar. IBM is down 1% presently. Verizon beat expectations on the bottom line, but net subscriber wireless adds fell and revenue missed expectations. VZ bottomed out at -1.5% but is heading higher. Lockheed and UTX both missed on revenue, although Lockheed also slightly increased its FY guidance. Harley is off 8.4% after cutting its shipment guidance for the year.

After weeks of rumors, Teva launched its $40.1 billion offer for rival Mylan. The cash-and-stock bid is valued at $82/shr, a 48.3% premium compared to Mylan's stock price on March 10, the last trading before speculation of a link-up between the two companies. The contest won't likely be a friendly one: just last week, Mylan said a merger with Teva would be unlikely to win antitrust approval because of "significant overlap" among the two businesses. Back on April 8th, Mylan offered to acquire Perrigo for $205/share in cash and stock, valuing it at about $30B, in a move widely considered to be a Teva takeover defense.

General Electric is shopping more of its finance operations: according to press reports, GE is looking to sell its $74 billion commercial-lending unit, with potential buyers including Blackstone, Mitsubishi UFJ, Wells Fargo and Apollo Global Management. Talks are at an early stage and GE believes it can sell most of the assets by the end of 2015, an aim that dovetails with its announcements on April 10th. The company is in the process of divesting itself of around $200 billion in financial assets.

***Looking Ahead***
- 15:00 (AR) Argentina Mar Trade Balance: $50Me v $53M prior
- 16:00 (CA) Canada Fin Min Oliver presents budget
- 16:30 (US) Weekly API Oil Inventories
- 19:50 (JP) Japan Mar Trade Balance: 44.6Be v -425.0B prior; Trade Balance Adjusted: -0.4Te v -0.6T prior; Exports Y/Y: 8.5%e v 2.5% prior (revised from 2.4%); Imports Y/Y: -12.6%e v -3.6% prior
- 20:30 (TW) Taiwan Mar Unemployment Rate: 3.7%e v 3.7% prior
- 21:30 (AU) Australia Q1 CPI Q/Q: 0.1%e v 0.2% prior; Y/Y: 1.3%e v 1.7% prior
- (CO) Colombia Mar Retail Confidence: No est v 21.4 prior; Industrial Confidence: No est v 7.3 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."



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 15 November 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:

Thu 16 Nov
01:30 AU- Employment
09:30 GB- Retail Sales
10:00 EZ- final HICP
14:15 US- Industrial Production
Fri 17 Nov
13:30 CA- Retail Sales, CPI
13:30 US- Housing Starts and Permits

Forex Trading Outlook


Potential Trading Opportunities


  • POTENTIAL PRICE RISK: HIGH to Medium Wed -- 20:30 GMT AU- Employment data.

  • POTENTIAL PRICE RISK: HIGH Thu -- 09:30 GMT GB- Retail Sales.

  • POTENTIAL PRICE RISK: Mediun Thu -- 10:00 GMT EZ- final HICP. ECB targets inflation.

  • POTENTIAL PRICE RISK: Medium Thu -- NY Morning US- Import Prices, Philly Fed, Industrial, Production, NAHB. Usually not major movers.


  • POTENTIAL PRICE RISK: HIGH to Medium Fri -- 13:30 GMT CA- Retail Sales and CPI.

  • POTENTIAL PRICE RISK: HIGH to Medium Fri -- 13:30 GMT US- Housing Starts and Permits.



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