User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Monday March 15, 2010 - 10:28:18 GMT
Trade the News Staff -

Share This Story:
| | Email

European Market Update: Traders focus shifting from European peripherals towards key central bank meetings; GBP continues to reflect political and economic uncertainties

Monday, March 15, 2010 6:18:52 AM

 European Market Update: Traders focus shifting from European peripherals towards key central bank meetings; GBP continues to reflect political and economic uncertainties


- (JP) Japanese Cabinet March Economic Report raised the economic assessment for the first time in eight months. Economy had been steadily picking up but upturn only weakly self-sustaining. Reiterated view that deflation poses economic risk
- (IN) India Feb Wholesale Prices Y/Y: 9.9% v 9.7%e
- (CH) China Feb Foreign Direct Investment (FDI) Y/Y: 1.1% v 10.7%e
- (FI) Finland Feb CPI M/M: 0.4% v 0.2% e; Y/Y: 0.1% v -0.1%e
- (FI) Finland Jan Final Retail Sales Volume Y/Y: -0.9% v 1.6% prior
- (CZ) Czech Feb PPI M/M: -0.3% v 0.1%e; Y/Y: -2.0% v -1.6%e
- (CZ) Czech Jan Export Price Index Y/Y: -5.5% v -3.9% prior; Import Price Index Y/Y: -3.9% v -3.2% prior
- (TU) Turkey Dec Unemployment: 13.5% v 13.9%e
- (FI) Finland Jan Current Account: €270M v €450M prior
- (SZ) Swiss Feb Producer & Import Prices M/M: -0.3% v 0.1%e; Y/Y: -1.0% v -0.6%e
- (DE) Denmark Feb Wholesales Prices M/M: -0.1% v 1.5% prior; Y/Y: 2.3% v 2.8% prior
- (NE) Netherlands Jan Trade Balance: €2.0 v €2.1B prior
- (NO) Norway Feb Trade Balance (NOK): 32.4B v 34.4B prior
- (EU) Euro Zone Q4 Employment Q/Q: -0.2% v -0.5% prior; Y/Y: -2.0% v -2.1% prior

- Equities: European equity markets have started the week on downward tone with banks and miners on their back foot. Markets are anticipating a range of political and central bank action that will include a range of rate decisions (US and Japan highlighting) and possible US Congress votes on healthcare and financial regulation. Ahead of these releases, financials have given back ground, warnings from China on the Yuan and American public debt furthering the rotation. Miners have trended lower on concerns over Asian demand while a continuation of iron ore pricing issues, this time highlighted by ThyssenKrupp [TKA.GE] and Vale [VALE], refused to let the input price issue fade away. French insurers traded negative as an industry body reiterated expected costs related to winter storm Xyntha. In this environment, defensives had a better showing with utilities, pharma and telecom standing out. Roche [ROG.SZ] and AstraZenica [AZN.UK] received positive mention from MS while BT [BT.UK] received an upgrade from Citi. Into 6:00est European markets traded at or near their lows on volume levels that were well below moving averages.

- Individual equities: Altran [ALT.FR]: Reports FY09 Net loss €75.3M v €12.7M y/y, Rev €1.4B v €1.65B y/y. || Krones [KRN.GE]: Reports FY09 Net loss €34.5M v loss €24Me, Rev €1.87B v €1.9Be. || Pharming [PHARM.NV]: To request approval at EGM to raise authorized share capital with 200-400M if and when needed. ||

- Speakers: BoE's Barker commented in a press interview that the UK needed about two more months of data to get better picture of economic outlook. She did not see a double dip recession but does not rule out a negative quarterly GDP. She did reiterated view that economic recovery would be bumpy and fragile***Japan's government upgraded its assessment of the economy for the first time in eight months, but reiterated that deflation posed a risk and called on the Bank of Japan for further economic support. ***Japan MoF Noda commented that a flexible Chinese yuan currency would be a positive factor for both the global and Chinese economies. He commented about the upcoming BOJ policy decision on Wednesday. He would welcome a flexible action from the BoJ and believed the Central Bank was sufficiently aware of the role over monetary policy. The Gov't would closely monitor the BOJ's policy decisions. ***Japan Fin Min Kan commented that he saw evidence of self-sustaining recovery in domestic demand but downside risks remained. He did note that concerns over a double-dip recession have receded and reiterated that both Gov't and BOJ working together to defeat inflationary price pressures. Kan stated that the Euro currency woes could impact the JPY but added that the JPY currency was relatively steady *** Qatar OPEC official stated that it would discuss output compliance levels at March 17th meeting but saw no pressing need to change supply targets ***EU's Almunia reiterated the view that the proposed European Monetary Fund (EMF) would be used to solve a long-term problem *** ECB's Tumpel- Gugerell stated that the ECB had not taken a stance on the proposed European Monetary Fund (EMF)

- Currencies: The GBP was softer in choppy in its price action as the country's debt and political situation continues to be debated . The GBP began the session modestly softer as the latest election polls continue to point towards a hung parliament. Comments from BOE's Barker about a possible negative GDP reading (see speakers section of report) also added to the pound bearish sentiment. GBP/USD off 150 pips as the NY morning approached to test 1.5050. The Euro was mildly softer against most majors and EUR/CHF hit fresh 16 month lows below the 1.4540 level. EUR/JPY near session lo

- Sovereign: European Finance minters to meet early this week to discuss EMF concept. *** Moody's: US "Aaa" sovereign rating would see pressure on budget's 10-yr projections; Says higher UK yields could test UK's "Aaa" sovereign status over time but confident whoever wins the UK election would act on deficit, even if there is a hung parliament.

- Geo-political: Voter frustration from the current economic malaise reappeared in a first round, regional French election on Sunday. In the vote, Pres Sazkozy's center right UMP coalition fared poorly, taking 27% of the first round while a combination of left wing/socialist parties polled a combined 48.2%. A further blow to the UMP came from the resurgence of the far right Front National that polled 11.7%. Pundits have looked on the vote as referendum on the Sarkozy Presidency and point to the extraordinarily low turnout as a reflection of popular discontent with all parties. *** A power failure at a central Chile electricity grid transformer temporarily left most of the country without electricity for Sunday night and temporally halted copper production in the Antofagasta region (produced 900K tons of copper in 2009). State and private mines have reported a gradual resumption of power and operations at their facilities.*** A political tiff between the US and Israel continued over the weekend as Pres Advisory David Alexrod used the Sunday morning talk shows to follow up sharp comments from VP Biden and Sec State Clinton. Timing of a new East Jerusalem settlement announcement puts a newly restarted proxy-talk plan into jeopardy and complicated US efforts for multi-national consensus on Iran.

- No surprises from China over the weekend as PM Wen lashes out to US (others) on potential Yuan currency revaluation
- US TIC data to show if Chinese dwindling holdings of Tsy a trend
- Focus moving from European peripheral situation to central bank policy meetings. Traders seeing if the Fed amends the wording on its exit policy at its FOMC on Tuesday. BoJ this week might begin new Quantitative Easing (QE) program

***Looking Ahead:
- Greece to submit progress report to EU on deficit cutting plan
- 7:30 (GE) BDB Bank Lobby
- 8:30 (CL) Chile Feb Copper Exports: No est v $3.4B prior
- 8:30 (CA) Canada Jan New Motor Vehicle Sales: 0.0%e v 2.6% prior
- 8:30 (US) Mar Empire Manufacturing: 22.00e v 24.91 prior
- 9:00 (US) Jan Net Long Term TIC Flows: $47.5B v $63.3B prior; Total Net TIC Flows: No est v $60.9B prior
- 9:00 (PD) Poland Feb CPI M/M: 0.4%e v 0.5% prior; Y/Y: 3.0%e v 3.6% prior
- 9:15 (US) Feb Industrial Production: 0.0%e v 0.9% prior; Capacity Utilization: 72.6%e v 72.6% prior
- 10:00 (PD) Poland Feb Budget Level (PLN): No est v -4.8B prior; Budget Level YTD: No est v -4.8B prior
- 10:00 (BE) Belgium Dec Trade Balance (EUR): No est v 1.9B prior
- 12:30 (IS) Israel Feb Consumer Prices M/M: -0.4%e v -0.7% prior; Y/Y: 3.5%e v 3.8% prior
- 13:00 (US) Mar NAHB Housing Market Index: 17e v 17 prior



Legal disclaimer and risk disclosure

All information provided by Trade The News (a product of Trade The News, Inc. "referred to as TTN hereafter") is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to Buy or Sell securities. Although information is taken from sources deemed reliable, no guarantees or assurances can be made to the accuracy of any information provided. 1. Information can be inaccurate and/or incomplete 2. Information can be mistakenly re-released or be delayed, 3. Information may be incorrect, misread, misinterpreted or misunderstood 4. Human error is a business risk you are willing to assume 5. Technology can crash or be interrupted without notice 6. Trading decisions are the responsibility of traders, not those providing additional information. Trade The News is not liable (financial and/or non-financial) for any losses that may arise from any information provided by TTN. Trading securities involves a high degree of risk, and financial losses can and do occur on a regular basis and are part of the risk of trading and investing.




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 LIVE to YOUR charts

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

Mon 27 May 2019
AAGB/US- Holiday
Tue 28 May 2019
A 14:00 US- Consumer Confidence
C 13:00 US- Case-Shiller
Wed 29 May 2019
A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
A 12:30 US- Weekly Jobless
Fri 31 Mar 2019
AA 10:00 EZ- Flash HICP
A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan

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


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
Managed Forex Accounts
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 ©1996-2019 Global-View. All Rights Reserved.
Hosting and Development by Blue 105