User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday April 11, 2014 - 10:30:08 GMT
Trade the News Staff -

Share This Story:
| | Email EU Market Update: European markets open lower tracking US equity markets; Italy has record low yields in latest debt auction

Fri, 11 Apr 2014 5:26 AM EST

- Global equity sell-off led by the decline in the tech sector; focus in the US earnings season shifts toward financials with JPMorgan and Wells Fargo on tap to report Q1 results.
- (JP) BOJ March 10-11 meeting minutes reiterated that the domestic economy was moderately recovering in line with expectations
- (CN) China Mar CPI registers its first MoM rise in six months (Y/Y: 2.4%e v 2.0% prior) but well contained within its 3.5% official target; PPI data fell to its lowest level in eight months and registered its 25th straight negative reading (-2.4% vs. -2.3%e)
- (PT) Fitch raises Portugal outlook to positive from negative; Affirms sovereign rating at BB+
- (FI) S&P lowers Finland outlook from stable to negative; affirms AAA sovereign rating
- (UK) Retailer John Lewis reports weekly LFL sales for week ending April 5th (y/y): 9.3% v 5.9% prior
- (ES) Spain Fin Min de Guindos: Reiterates view that Spain can create jobs with 1% GDP growth
- Bang & Olufsen, BO.DK, considering strengthening capital base; look at various possibilities but no final decision has been made

- Market Focal Points: Equity markets open lower following losses in Tokyo and on Wall St, Equity losses come as bond yields move higher, Technology sector underperforms, Swedish truck maker Scania has first quarterly earnings beat since 2012, Upcoming US bank earnings (JPMorgan, Wells Fargo)

- Indices [Stoxx50 -0.8% at FTSE 100 -1% at 6,577, DAX -1.1% at 9,343, CAC-40 -1% at 4,369, IBEX-35 -0.8% at 10,253, FTSE MIB -0.9% at 21,232, SMI -1.3% at 8311, S&P 500 Futures flat at 1,828]

***By Sector ***
- Consumer Discretionary [Bang & Olufsen BO.DK -15% (reported Q3 loss, capital raising options), Givaudan GIVN.CH -1% (Q1 sales in line)]
- Industrials [Areva AREVA.FR -2.5% (French probe)]
- Telecom [Mediaset Espana TL5.ES -4.5% (share placement)]
- Stoxx50 sectors [Technology -1.3%, Industrials -0.9%, Basic Materials -0.7%, Consumer Non-Cyclical -0.5%, Energy -0.4%, Telecom -0.3% Consumer Cyclical -0.2%, Financials -0.1% ;Utilities +0.1%]

***Currencies/Fixed Income***
- The recent sharp sell-off in equities provided a supportive climate for safe-haven securities but did not include the USD this time around. Dealers noted that currencies were currently diverging from traditional risk barometers
- The EUR/USD hovered around the 1.39 handle in the session and the pair supported by expectations the ECB would have to enact QE at some point. Press reports noted that ECB was not yet ready to carry out QE and that the details of any asset purchases had yet to be worked out.
- USD/JPY continued to recover from a three-week lows (aided by unsubstantiated rumors of BoJ rate check). The Niikei225 Index was lower again exacerbated by the strength of the yen currency but scale of the yen strength seemed muted compared to the decline in the Nikkei. The pair was at 101.75 just ahead of the NY morning.
- (IT) Italy in a good bond auction selling 7.23B (in line) in 2016, 2021 and 2044 BTP bonds, hitting a 3-yr low in yields but mixed bid to covers

***Economic Data***
- (DE) Germany Mar Final CPI M/M: 0.3% v 0.3%e; Y/Y: 1.0% v 1.0%e
- (DE) Germany Mar Final CPI EU Harmonized M/M: 0.3% v 0.3%e; Y/Y: 0.9% v 0.9%e
- (DE) Germany Mar Wholesale Price Index M/M: 0.0% v -0.1% prior; Y/Y: -1.7% v -1.8% prior
- (SE) Sweden Mar PES Unemployment Rate: 4.3% v 4.4%e
- (RU) Russia Narrow Money Supply w/e Apr 4th (RUB): No est v 7.98T prior
- (FR) France Feb Current Account Balance: -1.4B v -4.5B prior
- (ES) Spain Mar CPI M/M; 0.2% v 0.2%e; Y/Y: -0.1% v -0.2%e
- (ES) Spain Mar CPI EU Harmonized M/M; 1.6% v 1.6%e; Y/Y: -0.2% v -0.2%e
- (ES) Spain Mar CPI Core M/M; 0.5% v 0.0% prior; Y/Y: 0.0% v 0.1% prior
- (HU) Hungary Mar CPI M/M: 0.2% v 0.4%e; Y/Y: 0.1% v 0.2%e
- (TR) Turkey Feb Current Account Balance: -$3.2B v -$3.0Be
- (EU) ECB 50M borrowed in overnight loan facility vs. 1.8B prior; 20.3B parked in deposit facility vs. 16.5B prior - Daily Eurosystem Liquidity Conditions
- (RU) Russia Mar YTD Budget Balance (RUB): 110B v 30.5B prior
- (NL) Netherlands Feb Trade Balance: 4.5B v 4.3B prior
- (IN) India Mar Trade Balance: -$10.5B v -$8.1B prior; Exports Y/Y: -3.2% v -3.7% prior; Imports Y/Y: -2.1% v -17.1% prior
- (CN) Shanghai Futures Exchange (SHFE) Weekly Copper Stockpiles: 142.7K v 172.4K tons prior
- (NO) Norway Q1 Existing Home Sales Q/Q: +2.1% v -2.6% prior
- (CZ) Czech Feb Current Account Monthly (CZK): 2.0B v 22.0Be
- (UK) Feb Construction Output M/M: -2.8% v -1.3%e; Y/Y: 2.8% v 4.4%e

***Looking Ahead***
All times listed for economic events are denominated in Eastern Standard Time (Add 4 hours for GMT equivalent)

- World Bank and International Monetary Fund begin 3-day spring Meeting
- (GR) German Chancellor Merkel to meet Greece PM Samaras in Athens
- (SE) Sweden Sovereign Debt Rating May Be Published by Moody's
- (DE) Germany Sovereign Debt Rating by DBRS
- (IT) Italy Sovereign Debt Rating by DBRS
- (ES) Spain Sovereign Debt Rating by DBRS
- (RU) Russia Feb Trade Balance: $17.2Be v $18.9B prior; Exports: $41.8Be v $39.5B prior; Imports: $24.7Be v $20.6B prior
- 06:00 (IS) Iceland to sell Bills/Bonds
- 06:00 (EU) ECB weekly 3-year LTRO Repayment amount
- 06:10 (UK) DMO to sell combined 2.0B in 1-month, 3-month and 6-month Bills
- 06:45 (US) Daily Libor Fixing
- 07:30 (IN) India Forex Reserves w/e April 4th: No est v $303.7B prior
- 08:00 (IN) India Feb Industrial Production Y/Y: 0.9%e v 0.1% prior
- 08:00 (PL) Poland Feb Current Account Balance: -0.5Be v -1.1B prior; Trade Balance: 445Me v 419M prior; Exports: 13.5Be v 13.5B prior; Imports: 13.0Be v 13.1B prior
- 08:15 Baltic Dry Bulk Index
- 08:30 (US) Mar PPI Final Demand M/M: +0.1%e v -0.1% prior; Y/Y: 1.1%e v 0.9% prior
- 08:30 (US) Mar PPI Ex Food and Energy M/M: +0.2%e v -0.2% prior; Y/Y: 1.1%e v 1.1% prior

- 09:00 (MX) Mexico Feb Industrial Production M/M: 1.0%e v 0.5% prior; Y/Y: 0.5%e v 0.7% prior; Manufacturing Production Y/Y: 2.2%e v 2.5% prior
- 09:55 (US) Apr Preliminary University of Michigan Confidence: 81.0e v 80.0 prior
- 11:00 (US) Fed to purchase $2.0-2.5B in bonds
- 12:00 (IS) Iceland Mar International Reserves (ISK): No est v 496B prior




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
Forex Products
GVI Forex