User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Monday August 10, 2015 - 09:40:35 GMT
Trade the News Staff - www.global-view.com/forex-services/TTN/

Share This Story:
| | Email

TradeTheNews.com EU Mid-Market Update: Greek bailout talks aiming to conclude rescue talks by tomorrow

Mon, 10 Aug 2015 5:17 AM EST

***Notes/Observations***
- Soft China Trade and inflation data renews expectations for further policy easing; talk also that China govt could offer a sizable stimulus package; Shanghai Composite +5%
- Also speculation that China officials to speed up mergers of state owned companies
- Greece, creditors closing in on a 3rd €86B bailout agreement and leave sufficient time for national parliaments to approve the deal before the August 20th repayment to the ECB is due
- Nordic data in session misses expectations
- Euro Zone Sentix Confidence falls for the 4th straight month

**Economic data***
- (JP) Japan July Consumer Confidence Index: 40.3 v 41.7 prior

- (FR) Bank of France July Business Sentiment (miss): 98 v 99e
- (CZ) Czech July CPI (miss) M/M: -0.1% v 0.0%e; Y/Y: 0.5% v 0.6%e
- (CZ) Czech July Unemployment Rate: 6.3% v 6.3%e
- (HU) Hungary Jun Preliminary Trade Balance: €0.8B v €0.6Be
- (DE) Denmark Jun Current Account Balance (DKK): 10.4B v 13.5Be; Trade Balance (ex-shipping): 6.3B v 7.5Be
- (DE) Denmark July CPI M/M: -0.1% v -0.2%e; Y/Y: 0.7% v 0.6%e
- (SE) Sweden Jun Industrial Production (miss) M/M: -1.0% v 0.2%e; Y/Y: 1.2% v 2.6%e
- (NO) Norway July CPI M/M: -0.1% v -0.1%e; Y/Y: 1.8% v 1.9%e
- (EU) Euro Zone Aug Sentix Investor Confidence (miss): 18.4 v 20.3e (4th consecutive month of decline)
- (GR) Greece Jun Industrial Production (beat) Y/Y: -4.5% v -5.4%e

Fixed Income Issuance:
- None seen

*** SPEAKERS/FIXED INCOME/FX/COMMODITIES/ERRATUM ***
**Equities**
Indices [Stoxx50 +0.1%
, FTSE 100 -0.5% at 6,687, DAX +0.1% at 11,503, CAC-40 +0.1% at 5,157, IBEX-35 +0.4% at 11,222, FTSE MIB +0.5% at 23,812, SMI +0.1% at 9,413, Athens Stock Exchange +1%, S&P 500 Futures +0.2 at 2,079]

- Market Focal Points/Key Themes: European equities slid in early trading lead by banking and energy shares; HSBC and Lloyds drop over 1%; continuing low oil price weighed on BP and Shell; disappointing trade and inflation data from China dampened risk sentiment; slipping commodity prices pulled down mining stocks such as BHP Billiton, Antofagasta Miniarlas and Anglo American; Anglo American said to be discussing further asset sales in Chile

By Sector:
- Consumer discretionar
y [Dixons Carphone DC.UK -1.2% (cyberattack investigation)]
- Financials [Banco Popolare SC BP.IT +3.8% (results beat)]
- Industrials [Meggit MGGT.UK +1.0% (acquisition)]
- Materials [GLencore GLEN.UK -1.1% (broker action)]
- Technology [Opera Software OPERA.NO -6.4% (profit warning)]

**Speakers**
- Turkey Presidential advisor Bulut:
Country should have new elections (**Reminder: The govt has been unable to establish a coalition since the Jun 7th elections)
-Poland Fin Min official Kotecki: Current version of CHF-denominated draft law is dangerous for banking sector

**Currencies**
- FX markets were relatively quiet on Monday following last Friday's volatility.
The USD price action on Friday saw the greenback initially rally after the US payroll report (seen as increasing the chance of the Fed hiking rates in September). Analysts noted that it would require severe US data disappointments to keep policy on hold at this time. However, the USD saw a quick reversal attributed to falling risk appetite highlighted by lower commodity prices to moderated rate expectations somewhat
- EUR/USD entering the NY morning at 1.0966 little changed from its Asian opening level. Hopes that the 3rd bailout package for Greece could be wrapped up soon and pave the way for Greece to make its scheduled Aug 20th payment to the ECB.
- The GBP/USD continued to trade below the 1.5530 level (break of last week's spring uptrend line).
- Softer Consumer confidence data in Japan weighed upon the yen and highlighted the challenge policymakers have in their plans to raise the tax again in 2017
- Disappointing Nordic data failed to inspire any long-lasting FX moves for either the SEK or NOK currencies

**Fixed Income:
- Bund futures
trade at 154.31 down 8 ticks on the day in a quiet morning session with talks on creditors closing in on an agreement in Greece helping lift sentiment. To the upside a break of today's high at 154.45 would signal a move back up towards 155.09 the months highs, with strength beyond seeing a 155.44 the top of the channel. To the downside analysts see 153.95 as near term support, with 153.67 next. A break of this would target the 38.2% retracement level at 152.91.
- UK Gilt futures trades 117.45 down 14 ticks on a quiet mornings trade. A break of today's highs at 117.71 have analysts look for upside resistance at 118.15 the July high with a break targeting 118.83. To the downside a break of the lows could target 117.04 followed by 116.70. From here sees gap support at 116.24.
- Monday's liquidity report showed Friday's excess liquidity rise to €468.7B a rise of €0.7B from €468.0B prior. This was due primarily a small fall of €0.7B in AFs and MonPol portfolios to negative €46.9B. AFs are negative when the MonPol portfolios exceeds the liquidity absorbing effect of AFs. Use of the marginal lending facility fell to €204M from €215M prior.
- Corporate Issuance saw $18B come to market last weak slightly shy of estimates. This week analysts estimate some $20-25B issuance coming to market.
- Weekly Supply: Europe sees a quiet week in term of supply with the €4.0B 10y Bund issuance out of Germany on Wednesday being the main focal point. The net cash flow for the week is negative with no C&R due this week.
- The UK DMO will tap its 43y Gilt Linker for £650M on Tuesday. With no C&R due this week, net cash flow is negative for the week.
- The US will issue a total of $64.0B this week with a new 3y Notes to be issues on Tuesday, a New 10y Not on Wednesday and a new 30y Bond on Thursday. Net cash flow for the week is negative with no C&R to be repaid.

**Political/In the Papers:
- (GR) Greece negotiators and European creditors reportedly make progress and close in on a €86B bailout agreement in latest weekend-long round of bailout negotiations
- (GR) EU Deputy Finance Ministers may meet on Friday, Aug 14th to grant approval for Greece's new bailout program. Greece Parliament asked to approve the third bailout by Thursday, Aug 13th, and to legislate additional reform measures before Aug 20th,

**Looking Ahead***
All times listed for economic events are denominated in Eastern Standard Time (Add 4 hours for GMT equivalent)
- (IL) Israel Central Bank July Minutes of Rate Meeting
- (MX) Mexico July Nominal Wages: No est v 4.4% prior
- 05:30 (SE) Sweden Central Bank (Riksbank) Dep Gov Skingsley
- 05:30 (DE) Germany to sell €2.0B in 6-month Bubills
- 06:00 (PT) Portugal Jun Trade Balance: No est v -€1.1B prior
- 06:00 (RO) Romania to sell RON300M in 10-year bond
- 06:45 (US) Daily Libor Fixing
- 07:25 (BR) Brazil Central Bank Weekly Economists Survey
- 08:00 (IN) India announces details of upcoming bond auction
- 08:15 (US) Baltic Dry Bulk Index
- 08:50 (FR) France Debt Agency (AFT) to sell combined €5.9-7.1B in 3-month, 6-month and 12-month bills
- 09:00 (US) Fed's Lockhart (moderate, FOMC voter) at conference in Atlanta
- 09:35 (EU) ECB calls for bids in 7-Day Main Refinancing Tender
- 09:45 (EU) ECB announces Covered-Bond Purchases
- 10:00 (US) July Labor Market Conditions: No est v 0.8% prior
- 11:30 (US) Treasuries to sell $48B in 3-Month and 6-Month Bills
- 12:00 (CH) Switzerland National Bank (SNB) Zurbruegg speech
- 12:25 (US) Fed's Lockhart (moderate, FOMC voter) speaks to the Atlanta Press Club
- 16:00 (US) Crop Condition Report
- 17:00 (KR) South Korea July Import Price Index M/M: No est v 0.6% prior; Y/Y: No est v -14.0% prior
- 17:00 (KR) South Korea July Export Price Index M/M: No est v 1.2% prior; Y/Y: No est v -2.2% prior
- 18:00 (NZ) New Zealand July ANZ Heavy Truckometer: No est v 1.6% prior
- 19:01 (UK) July BRC Sales Like-For-Like Y/Y: 1.0%e v 1.8% prior
- 20:00 (SG) Singapore Q2 Final GDP Q/Q -4.6%e v -4.6% prelim; Y/Y: 1.6%e v 1.7% prelim
- 21:00 (PH) Philippines Jun Exports: No est v $4.9B prior; Y/Y: -13.6%e v -17.4% prior
- 23:00 (TH) Thailand to sell THB6.0B in 2029 bonds
- 23:30 (HK) Hong Kong to sell 3-month, 6-Month and 12-Month Bills
- 23:45 (JP) Japan to sell 30-Year JGB Bonds

 

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 20 November 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:


Mon 20 Nov
14:00 EZ- Draghi Speech
15:00 US- Leading Indicators
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