User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Saturday May 3, 2014 - 15:04:43 GMT
global-view.com - www.global-view.com

Share This Story:
| | Email

All Eyes on U.S. Credit Markets. Monday Holiday in Tokyo and London

All Eyes on U.S. Credit Markets. Monday Holiday in Tokyo and London
May 5, 2014  00:00 gmt
  calendar

JP- Holiday, HSBC PMI.  GB- Holiday, EZ- PPI.
 US- Markit & ISM Service PMIs



Spot
20d avg
10-yr
Equities
 EURUSD 1.3874
 1.3831
 U.S. 2.59%  -2bp
  North America:Lower
 EURJPY 141.85
 141.36
 Bund 1.45%  -2bp
 DAX: Lower
 GBPUSD 1.6872
 1.6797
 GILT 2.64% 0bp
 FTSE: Higher
 USDJPY 102.24
 102.20
  JGB 0.62% 0bp  Far East Close: Mixed

HIGH IMPACT NEWS ITEMS: JP/GB- Holiday, HSBC PMI, US- Markit & ISM Service PMI's
  • The week ahead sees a couple of holidays on Monday, but U.S. Service PMIs are due.
  • A key focus over the weekend has been the conflict in Ukraine. Apparently there had been talk at one point on Friday that Russian President Putin was going to use expected inaction at a UN Security Council meeting as pretext for moving into Ukraine to establish order. Fer of military action was the reason why yields on U.S. Treasuries went into a free fall on a flight-to-  safety bid.
  • Jay has come up with an interesting theory about where EUR demand ahas been coming from recently. We KNOW that China has been actively driving the CNY weaker to stimulate economic growth via their export sector. That means the central bank has been BUYING USD and SELLING CNY in the forex markets to drive the CNY weaker. That means the central bank has been accumulating excess USD that it needs to do something with.
  • These USD initially go into their forex reserves. We KNOW also that the PBOC has a forex Reserve diversification policy, which means that a number of those dollars are going to be switched into EUR, GBP, AUD, JPY, etc. Presumably they also have been buying U.S. treasuries with the dollars they continue to hold.
  • I don't know if Jay's theory is correct, but it sounds logical to me, especially as we KNOW that the European Central Bank has been trying to jawbone the EUR weaker in recent weeks. One thing interesting about forex is that the policy decisions of one country can directly impact the economic well-being of another.
  • We will be closely monitoring the ECB commentaries on Thursday to see what is said about the value of their common currency. We are not expecting any ECB policy changes. From a trading point of view keep a close eye on USDCNY because that will tell you in real-time what the PBOC is up to.
  • On Tuesday the second wave of PMIs (Service) will be released. The week also features Central Bank meetings (Australia, England and Eurozone) and then Canadian Employment data on Friday.
  • Be sure to refer daily to the Global-View Economic Calendar  For key items (actual data, selected charts, etc.) as they are released. See the FOREX FORUM. for actual data, selected charts, etc.) and  comments from experienced traders to events as they happen.

FX Trade Talk: What's moving markets-- Expert Commentary, data. and data charts posted continuously on FOREX FORUM


John M. BlandJohn M. Bland, an author and a founding partner of Global-View.com, has been a corporate FX consultant for a major N.Y. bank, a forex trader for a major N.Y. institution, and an FX analyst for a blue chip Fed watching service. John has an MBA in International Finance and an A.B. in Economics from the University of California at Berkeley.
Copyright 2013, GlobalViewpoint, Inc All rights reserved

 

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