User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Monday March 10, 2014 - 14:43:42 GMT
Trade the News Staff -

Share This Story:
| | Email US Market Update: Markets Weak on China Trade and CPI Data US Market Update: Markets Weak on China Trade and CPI Data
Mon, 10 Mar 2014 10:27 AM EST

***Economic Data***
- (CA) Canada Feb Housing Starts (Annualized): 192.1K v 190.0Ke

- Weak economic data out of China and Japan drove steep declines in Asia session trading. Europe initially shrugged off the Chinese data thanks to some decent industrial production numbers but indices have given up all of their gains and dropped into negative territory. As of writing, the DJIA is down 0.56%, the S&P500 is down 0.34% and the Nasdaq is down 0.38%.

- Chinese stocks listed on US markets have tumbled in the early going, following closely by the major commodities names. Comex traded copper futures slid more than 3.5% on Friday and fell another 2.8% in the US premarket. The contract has bounced back in the last two hours. Trading volumes are as much as 90% above average, and speculators switched from a net-long position in copper to a net-short position, according to CFTC data. Traders watched iron ore prices plummet 9% in London trading. Front-month WTI crude has dropped 1.5% to just above $101 in heavy volume.

- EUR/USD has traded in a tight range, well contained in the upper half of the 1.38 handle. Sterling dropped from 1.6735 as low as 1.6630 as market participants jumped the gun in trying to get in on FX flows in the belief Vodafone would agree to a preliminary 7.0 billion deal to buy Spanish cable company ONO. Reports out this morning suggest the deal will still take a few days to complete.

- The media company backed by five newspaper publishers including Gannett and McClatchy is reportedly looking to sell its website. Classified Ventures is looking to sell, which lets user check prices, compare models and read reviews of auto dealers, for up to $3 billion. Shares of MNI are up 22% on the news.

- Irish produce firm Fyffes has agreed to merge with Chiquita in a stock-for-stock deal. According to the terms, Chiquita will hold 50.7% of the new ChiquitaFyffes organization and Fyffes to own 49.3%. The combined equity value of the deal is $1.07B.

- McDonalds is only down slightly this morning after reporting negative comps for the month of February. US comps fell 1.6% "amid challenging industry dynamics and severe winter weather." The CEO warned that relatively flat year-to-date global comparable sales will pressure margins in the first quarter.

***Looking Ahead***
- (PE) Peru Jan Trade Balance: -$459Me v +$553M prior
- (MX) Mexico Feb Nominal Wages: No est v 3.9% prior
- 11:30 (US) Treasury to sell combined $48B in 3-Month and 6-Month Bills
- 12:00 (US) USDA World Agricultural Supply and Demand Estimates (WASDE)
- 13:00 (DE) German Chancellor Merkel addresses CDU Innovation Conference in Dresden




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