User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday March 14, 2014 - 10:12:51 GMT
Trade the News Staff - www.global-view.com/forex-services/TTN/

Share This Story:
| | Email

(EU) TradeTheNews.com EU Market Update: China slowdown concerns and Sunday vote in Crimea keep risk aversion sentiment strong


Fri, 14 Mar 2014 5:27 AM EST

***Notes/Observations***
- (GR) Greece Parliament approves controversial bill (less an article) that gets rid of 21 state organizations as part of troika demands - Greek press
- (EU) ECB's Knot (Netherlands): Would be wise to eventually have joint Euro bonds and shared budget buffers - Dutch press
- (FR) VIV.FR: France Industry Min Montebourg: Vivendi prefers Numbericable bid for SFR; Altice bid for SFR would create a tax problem
- (HK) UBS: Hong Kong Monetary Authority (HKMA) finds evidence of misconduct in UBS Hibor rate submission
- (JP) Japan PM Abe advisor Hamada: BoJ should ease as soon as May if sales tax raise hurts domestic economy; BoJ can double pace of bond accommodation to 100T/year if needed
- (ES) Bank of Spain (BOS) 4Q Public Sector Debt Data: Debt to GDP at 93.9% (record level)

***Equities***
- Market Focal Points: Equities extend the losses seen on Thursday's session amid concerns related to Ukraine and China, DAX continues to underperform and has lost over 3% this week, Traders cautious ahead of weekend event risk (Crimea to hold referendum on Sunday, March 16th), Stoxx50 volatility index rises over 3%, while Russian equities decline over 4% as the country's credit default swaps (CDS) widen.

- Indices [Stoxx50 -0.6%, FTSE 100 -0.3% at 6,533, DAX -0.7% at 8,950, CAC-40 -0.7% at 4,221, IBEX-35 -0.6% at 9,894, FTSE MIB -0.2% at 20,539, SMI -0.5% at 8,165, S&P 500 Futures +0.1% at 1,841]

***By Sector***
- Industrials [Gurit GUR.CH -5% (FY profits declined), Heidelberg Cement HEI.DE -2.5% (broker commentary)]
- Financials [Banca Monte Paschi BMPS.IT +4% (renewed M&A speculation)]
- Consumer Discretionary [SAS SAS.SE -5% (Q1 loss widened), Pandora PNDORA.DK -3% (share placement)]
- Stoxx50 [Consumer Cyclical -1%, Industrials -0.6%, Telecom -0.5%, Financials -0.5%, Basic Materials -0.3%, Technology -0.2%, Energy -0.1%;Utilities +1%, Consumer Non-Cyclical flat]

***Currencies/Fixed Income***
- Risk aversion sentiment remains prevalent as themes of China slowdown and Ukraine-Russia standoff sending more investors to the sidelines.
- The EUR/USD was well below the psychological 1.40 handle after ECB's Draghi verbal intervention on Thursday to stem its rise. Draghi noted that FX rate was now becoming more relevant in assessing price stability.
- The strength of the yen served to exacerbate Japanese stock market losses. The Nikkei225 Index hit a one-month low after suffering its worst weekly performance in nine months. USD/JPY at 101.63 ahead of the NY morning.

***Economic Data***
- (IN) India Feb Wholesale Prices Y/Y: 4.7% v 4.9%e ; nine-month low
- (UK) Retailer John Lewis reports weekly LFL sales for week ending Mar 8th (y/y): +6.6 v +6.9% prior
- (DE) Germany Feb Final CPI M/M: 0.5% v 0.5%e; Y/Y: 1.2% v 1.2%e
- (FI) Finland Jan GDP Indicator WD: +0.2% v -1.5% prior
- (FI) Finland Jan Final Retail Sales Volume Y/Y: 0.8% v 1.2% prelim
- (CN) Shanghai Futures Exchange (SHFE) Weekly Copper Stockpiles: 213.3K v 203.7K tons prior
- (ES) Spain Jan House transactions Y/Y: -23.2% v -3.6% prior
- (FI) Finland Jan Current Account Balance: -380M v -740M prior
- (CZ) Czech Jan Industrial Output Y/Y: 5.5% v 6.7%e; Construction Output Y/Y: 5.0% v 1.4% prior
- (CZ) Czech Jan Retail Sales Y/Y: 6.4% v 3.0%e
- (CH) Swiss Feb Producer & Import Prices M/M: -0.4% v -0.1%e; Y/Y: -0.8% v -0.5%e
- Spain banks Feb Gross borrowings from ECB: 190.6B v 193.4B prior (18th straight monthly decline

***Looking Ahead***
All times listed for economic events are denominated in Eastern Standard Time (Add 4 hours for GMT equivalent)
- (EU) EU Sovereign Debt Rating May Be Published by Moody's
- (ES) Spain Jan Trade Balance: No est v -1.8B prior
- (CO) Colombia Central Bank Monetary Policy Minutes
- (PE) Peru Feb Unemployment Rate: 6.7%e v 6.4% prior
- (PE) Peru Jan Economic Activity Index Y/Y: 4.9%e v 5.0% prior
- (RU) Russia Jan Trade Balance: $17.7Be v $15.8B prior; Exports: $39.4Be v $49.2B prior;
Imports: $21.7Be v $33.4B prior
- - (AT) Austria Feb CPI M/M: No est v -0.9% prior; Y/Y: No est v 1.5% prior
- 05:30 (UK) Jan Visible Trade Balance: -8.6Be v -7.7B prior; Total Trade Balance: -2.2Be v -1.0B prior; Trade Balance Non EU: -2.6Be v -2.2B prior (**Note data was delayed citing need to conduct more quality checks. Was originally due out on Wed, Mar 12th)
- 05:30 (UK) Jan Construction Output M/M: 1.5%e v 2.0% prior; Y/Y: 5.2%e v 6.3% prior
- 05:30 (IT) Italy Jan General Government Debt: No est v 2.0675T prior
- 05:30 (RU) Russia Central Bank (CBR) Interest Rate Decision: Expected to leave One-Week Auction Rate unchanged at 7.00%
- 05:30 (ZA) South Africa to sell I/L Bonds
- 06:00 (EU) Daily Euribor Fixing
- 06:00 (EU) Euro Zone Q4 Employment Q/Q: No est v 0.0% prior; Y/Y: No est v -0.8% prior
- 06:00 (FR) France Debt Agency (AFT) to sell combined
- 06:00 (FR) France Debt Agency (AFT) to sell I/L Bonds
- 06:15 (SE) Sweden Central bank (Riksbank) Gov Ingves
- 07:00 (EU) ECB announces weekly 3-Year LTRO Repayment
- 07:10 (UK) DMO to sell 5.5B in 1-month, 3-month and 6-month Bills
- 07:30 (BR) Brazil Jan Economic Activity Index M/M: +0.%e v -1.4% prior; Y/Y: 0.2%e v 0.7% prior
- 07:30 (IN) India Forex Reserves w/e Mar 7th: No est v $294.4B prior
- 07:30 (DE) German Chancellor Merkel attends ZDH Trade Group Congress:
- 07:45 (US) Daily Libor Fixing
- 08:00 (IL) Israel Feb CPI M/M: -0.2%e v -0.6% prior; Y/Y: 1.3%e v 1.4% prior
- 08:00 (IS) Iceland Feb Unemployment Rate: No est v 4.5% prior
- 08:30 (US) PPI Final Demand M/M: 0.2%e v 0.2% prior; Y/Y: 1.2%e v 1.2% prior
- 08:30 (US) PPI Ex Food and Energy Final Demand M/M: 0.1%e v 0.2% prior; Y/Y: 1.4%e v 1.3% prior
- 08:30 (TR) Turkey Central Bank Survey of Expectations (TCMB)
- 09:00 (PL) Poland Feb M3 Money Supply M/M: +0.7%e v -1.6% prior; Y/Y: 5.3%e v 5.5% prior
- 09:00 (PL) Poland Feb CPI M/M: 0.1%e v 0.1% prior; Y/Y: 0.8%e v 0.7% prior
- 09:00 (US) Baltic Dry Bulk Index
- 09:00 Spain Debt Agency (Tesoro) announces upcoming Bond for next week organizing
- 09:55 (US) Mar Preliminary University of Michigan Confidence: 82.0e v 81.6 prior final
- 10:00 (BE) Belgium Jan Trade Balance: No est v -1.2B prior
- 11:00 (US) Fed to purchase $1.00-1.25B in 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."



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




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
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