User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday January 29, 2014 - 05:53:01 GMT
Trade the News Staff -

Share This Story:
| | Email Asian Market Update: Aggressive policy tightening from Turkey central bank boosting EM sentiment - Source

- (TR) TURKEY CENTRAL BANK (CBRT) RAISES OVERNIGHT LENDING RATE BY 425BPS FROM 7.75% TO 12.00% (MORE THAN 225BPS EXPECTED); RAISES Repurchase Rate by 550bps from 4.50% to 10.00% (none expected); RAISES Overnight Borrowing Rate by 450bps from 3.50% to 8.00% (none expected) - (AU) AUSTRALIA DEC WESTPAC LEADING INDEX M/M: +0.1% V -0.1% PRIOR - (AU) AUSTRALIA DEC SKILLED VACANCIES M/M: -0.6% V +0.2% PRIOR - (KR) SOUTH KOREA DEC CYCLICAL LEADING INDEX CHANGE Y/Y: 0.5% V 0.3% PRIOR - (KR) SOUTH KOREA DEC INDUSTRIAL PRODUCTION M/M: 3.4% V 1.0%E; Y/Y: +2.6% V -0.2%E - (KR) SOUTH KOREA DEC CURRENT ACCOUNT BALANCE: $6.43B V $6.03B PRIOR; GOODS BALANCE: $5.71B V $6.18B PRIOR - (NZ) NEW ZEALAND DEC NEW LOW-DEPOSIT LOANS OF TOTAL NEW LENDING: 5.6% V 7.0% PRIOR - (SG) SINGAPORE Q4 PRELIM UNEMPLOYMENT RATE: 1.8% V 1.8%E ***Observations/Insights*** - Yahoo, AT&T down over 2% after earnings; Growth in Yahoo price per click, AT&T subscriber adds slows. - Turkey central bank joins India (last night) and Brazil (2 weeks ago) with a more aggressive than expected policy tightening. Pledges to maintain tight monetary policy until clear improvement in inflation outlook, and targets inflation of 5% by mid-2015 due to a tighter stance. Perception of activist central bank measures to curb accelerating inflation and prevent disorderly outflows is cheered by the broader markets - S&P500 futures were up about 10 handles on the decision, JPY fell, while AUD and NZD rallied. - Pres Obama's State of the Union address defends Obamacare and diplomatic initiative on Iran; Calling for higher minimum wage pay, abolishing Fannie/Freddie for a new housing finance system, and pledging partnerships with tech/telecom firms to expand broadband connectivity in the school system. - New Zealand's NZIER shadow board calls for a rate hike in tomorrows decision. ***Fixed Income/Commodities/Currencies*** - (AU) Australia MoF (AOFM) sells A$800M in 2.75% 2024 Bonds; avg yield: 4.0912%; bid-to-cover: 2.60x - (CN) Daily Shibor fixings: O/N: 4.8000% v 4.8477% prior (1st decline in 7 consecutive sessions); 1-week: 5.1080% v 4.9657% prior (2nd consecutive rise) - (JP) BOJ offers to buy 400B in 5-10yr JGB and 200B in JGB with maturity over 10-yr - (US) API PETROLEUM INVENTORIES: CRUDE: +4.75M (2nd consecutive build) v +2Me; GASOLINE: +365K v +1Me; DISTILLATE: -1.79M v -2.5Me - AUD and NZD are modestly higher at the expense of JPY after the more aggressive policy tightening from Turkey than expected. AUD/USD was up about 40pips above 0.8820, NZD/USD hit a high above 0.8290 (also up 40pips), while USD/JPY session high was around 103.40 - up about 50pips from the lows. EUR/USD is little changed above 1.3650 ahead of tomorrow's Fed decision. ***Speakers/Political/In the Papers*** - (CN) China National Development and Reform Commission (NDRC) to promote traffic infrastructure development in 2014 - financial press - (CN) China big four banks outstanding new loans CNY430B in Jan1st-26th v CNY440B in Jan1st-20th - Chinese press - (CN) China Securities Regulatory Commission (CSRC) to push forward market-oriented IPO reform - financial press - (JP) Japan Labor Ministry data suggest 2013 real wages likely fell due to inflation - Kyodo News - (KR) South Korea Fin Min Hyun: Volatility in financial market increasing - financial press - (NZ) Moody's: New Zealand economy and finances are improving - (NZ) New Zealand Institute of Economic Research (NZIER) Shadow Board's probability for RBNZ rate action this week has tipped in favor of a rate hike - NZ press ***Equities*** Market Snapshot (as of 04:30 GMT): - Nikkei225 +2.1%, S&P/ASX +0.9%, Kospi +1.2%, Shanghai Composite +0.3%, Hang Seng +1.1%, Mar S&P500 +0.5% at 1,797, Apr gold +0.2% at $1,253, Mar crude oil -0.2% at $97.26/brl US markets: - EZPW: Reports Q1 $0.49(adj) v $0.40e, R$269M v $255Me; +16.3% afterhours - FSL: Reports Q4 $0.19 v $0.18e, R$1.08B v $1.05Be; Guides intial FY14 $3.65-4.00 v $3.96e, Rev +3-6% y/y; +9.5% afterhours - TSRA: Tessera and Samsung Enter into New Patent License Agreements; +2.7% afterhours - JPM: Said to be close to decision on $2B commodities unit sale to Blackstone Group - financial press; +0.5% afterhours - VMW: Reports Q4 $1.01 v $1.00e, R$1.48B v $1.47Be; Reiterates Q1 Rev $1.33-1.37B v $1.35Be; Reiterates FY14 R$5.94-6.10B v $6.00Be - conf call; -1.8% afterhours - T: Reports Q4 $0.53 (adj) v $0.50e, R$33.2B v $33.2Be; -2.1% afterhours >- EA: Reports Q3 $1.26 v $1.23e, R$1.57B v $1.66Be; -2.3% afterhours - YHOO: Reports Q4 $0.46 v $0.38e, R$1.20B v $1.20Be; Guides Q1 Rev $1.06-1.1B(ex TAC) v $1.09Be - slides; 2014 focus will be on monetizing our growing traffic; -2.4% afterhours - ILMN: Reports Q4 $0.45 v $0.44e, R$387M v $380Me; -3.0% afterhours - CRUS: Reports Q3 $0.89 v $0.77e, R$218.9M v $212Me; -5.3% afterhours Notable movers by sector: - Materials: Forge Group FGE.AU -8.3% (trading update); Atlas Iron AGO.AU +8.9% (Q2 shipment results); Hubei Sanxia New Building Material 600293.CN +5.3% (FY13 guidance); Maanshan Iron & Steel 323.HK +2.2% (FY13 guidance); Posco 005490.KR +0.7% (FY13 results) - Energy: Drillsearch Energy DLS.AU +6.3% (Q2 production results) - Technology: Canon Electronics 7739.JP +4.4% (FY13 results); Lenovo Group 992.HK +5.2% (reorganization plan); Tencent Holdings 700.HK +4.8% (positive comment from Credit Suisse) - Industrials: Korean Air Lines 003490.KR +6.1% (Q4 results); Samsung Engineering 028050.KR +7.9% (Q4 results); Suzuki Motor Corp 7269.JP +1.9% (Dec domestic production results); Mazda Motor Corp 7261.JP +2.3% (Dec domestic production results) - Telecom: LG Uplus Corp 032640.KR +2.9% (Q4 results) - Source


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
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

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
The Amazing Trader
Forex Opportunities
Forex Affiliates
Forex CopyTrading
GVI Forex