User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday December 23, 2005 - 15:54:56 GMT
Lloyds TSB Financial Markets -

Share This Story:
| | Email

Forex: Preview of economic releases in the next two weeks

Economics Weekly: Preview of economic releases in the next two weeks

Week of December 26 2005
US and European markets are closed on Monday, UK markets remain shut on Tuesday as well. Investors may concentrate on economic data from Japan. The jobless rate is expected to decline from 4.5% to 4.3%, due to stronger economic growth in recent quarters – 2.7% annual growth in Q2 and 2.8% in Q3. This renewed growth is bringing an end to seven years of deflation and annual core CPI is expected to increase by 0.2% in November, only the second positive number since April 1998. Following comments from the Bank of Japan (BoJ), a positive set of core CPI data could reinforce the view that the BoJ could soon shift monetary policy to a less expansionary mode. The flash estimate for November industrial output is expected to show a strong 1.9% increase on the month, reflecting buoyant export sales. Investors will also focus on retail sales looking for confirmation that economic growth can become more self-sustainable in 2006.

On Wednesday, US consumer confidence is expected to continue its rebound from post hurricane lows. A further drop in mortgage rates over the last few weeks and steady oil prices are expected to have bolstered morale. The median forecast is for a rise to 102 in December from 98.9 in November. EU-12 economic growth perked up in Q3'05 as exporters continued to capitalise on a 13% depreciation of the euro against the dollar this year. Investment showed some recovery in the third quarter, but the consumer side of the economy remains fragile. With the leading German institutes recently raising their forecasts for German GDP growth this year, investors will turn to the release of German consumer confidence on Wednesday for evidence that domestic demand could finally be strengthening.

On Thursday, EU-12 M3 money supply data for November is expected to show stable annual growth of around 8%, around twice the nominal growth rate of gdp. The consistently elevated level of M3 growth (above 4.5% ECB reference target), and above target CPI inflation were behind the ECB’s recent interest rate hike.

The week is quiet for the UK, except for the release of BBA mortgage lending data for November on Thursday, which will give some indication of the strength of the housing market ahead of the full Bank of England release the week after. Other clues to the housing market will be published on Friday when the Nationwide publishes its December house price index; house price data in recent months have been stable to strong, most recently illustrated by a rise in the RICS index for the first time in 15 months. Although the UK economy is growing at half last year’s rate, there are signs from the housing market and retail spending that it could be over the worst and this could be reflected in a less negative GfK consumer confidence index in December, up from -8 in November to -6, on Friday.

Week of January 3rd 2006
UK, US and Japanese markets are closed on Monday 2nd of January, but the rest of the week is pretty packed with data, most of which are likely to confirm trends seen towards the end of 2005. The UK releases PMI data; on Tuesday expected to show stable manufacturing at around 51.0 in December, see chart 1. A solid services index of 56.0 is expected on Thursday, up from 55.8 in November, see chart 2. On Wednesday, the Bank of England releases lending to individuals data for November; the market median forecast for consumer credit is expected to be stable at £1.3bn, while net mortgage lending could rise from £7.6bn to £7.8bn in the month. Also, the average forecast for housing approvals, a key predictor of housing market trends, is for 113,000, the same as a month earlier, and the highest level since June 2004 - the risk to the forecast is also on the upside. With this in mind, 2006 will be an interesting year for the UK housing market.

In the EU, our forecast is for the manufacturing PMI to strengthen to 53.6 in December up from 52.8 a month earlier; echoing a solid increase for business confidence in Germany andb Italy. This will take the index above the key expansion level of 50 for a sixth consecutive month. By contrast, little change on the month is expected in the EU-12 services PMI released on Thursday at around 55. Also, published on Thursday, EU-12 producer prices could come off a touch on the month and retail sales should show growth of around 0.3% in November, hovering just below 1% growth on the year. German factory orders for November could show very strong growth on the year of 12%, highlighting the improvement in Germany’s industrial base over the course of this year thanks to buoyant overseas demand for capital goods. Eurozone CPI for December is forecast to have slowed for a second month to 2.4%, released on Wednesday.

US data releases will culminate in the key non-farm payroll release on Friday; the market median forecast is for a 150,000 increase in jobs in December, a more average level, down from 215,000 in November. Stable average earnings growth of 3.2% on the year is benign for US inflation, which has dipped to 1.8%. The ISM survey index for manufacturing due Tuesday is expected to remain stable at 58, while the services ISM index due Thursday could move above 60 again, reflecting continuing strong growth in the services side of the US economy. The minutes of the December 13 Fed FOMC meeting will be published on Tuesday and will be closely examined to understand what a more dovish FOMC statement could mean for the fed funds rate.

The next Economics Weekly is published on January 9th 2006. We wish all our readers a Happy Christmas and a prosperous New Year
Nichola James, Senior Economist
Kenneth Broux, Economist
Lloyds TSB Bank,
Financial Markets
Faryners House,
25 Monument,
London EC3R 8BQ
0207 283 - 1000

Any documentation, reports, correspondence or other material or information in whatever form be it electronic, textual or otherwise is based on sources believed to be reliable, however neither the Bank nor its directors, officers or employees warrant accuracy, completeness or otherwise, or accept responsibility for any error, omission or other inaccuracy, or for any consequences arising from any reliance upon such information. The facts and data contained are not, and should under no circumstances be treated as an offer or solicitation to offer, to buy or sell any product, nor are they intended to be a substitute for commercial judgement or professional or legal advice, and you should not act in reliance upon any of the facts and data contained, without first obtaining professional advice relevant to your circumstances. Expressions of opinion may be subject to change without notice. Although warrants and/or derivative instruments can be utilised for the management of investment risk, some of these products are unsuitable for many investors. The facts and data contained are therefore not intended for the use of private customers (as defined by the FSA Handbook) of Lloyds TSB Bank plc. Lloyds TSB Bank plc is authorised and regulated by the Financial Services Authority and is a signatory to the Banking Codes, and represents only the Scottish Widows and Lloyds TSB Marketing Group for life assurance, pension and investment business.


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

Tue 31 July 2018
AA JP- Bank of Japan
A 06:00 DE- Retail Sales
A 09:00 EZ- flash HICP/GDP
AA 12:30 US- Core PCE Deflator
A 14:00 US- CB Consumer Confidence
Wed 1 Aug 2018
A Final Mfg PMIs
AA 12:15 US- ADP Private Payrolls
A 15:00 US- EIA Crude
AA 18:00 US- Federal Reserve Decision
Thu 2 Aug 2018
AA 11:00 GB- Bank of England Decision
A 13:30 US- Weekly Jobless
Fri 3 Aug 2018
A Final Services PMIs
AA 12:30 US- Employment
A 12:30 US/CA- Trade

John M. Bland, MBA
co-founding Partner,

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