User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday May 28, 2014 - 05:05:09 GMT
Trade the News Staff -

Share This Story:
| | Email Asian Market Update: China industrial profits growth slows further; Fonterra lowers milk price for FY14 by 20% - Source

(CN) CHINA APR INDUSTRIAL PROFITS Y/Y: 9.6% V 10.7% PRIOR; YTD Y/Y: 10.0% V 10.1% PRIOR >- (AU) AUSTRALIA APR WESTPAC LEADING INDEX M/M: -0.5% (biggest decline in 5 years) V 0.0% PRIOR - (AU) AUSTRALIA Q1 CBA/HIA HOUSE AFFORDABILITY: 77.2 V 75.6 PRIOR (best affordability in 12 years) - (AU) AUSTRALIA Q1 CONSTRUCTION WORK DONE Q/Q: +0.3% v -0.5%E - (NZ) NEW ZEALAND MAY ANZ ACTIVITY OUTLOOK: 51.0 V 52.5 PRIOR; ANZ BUSINESS CONFIDENCE: 53.5 (3rd consecutive decline; 6-month low) V 64.8 PRIOR Market Snapshot (as of 03:30 GMT): - Nikkei225 flat, S&P/ASX +0.4%, Kospi +0.5%, Shanghai Composite flat, Hang Seng +0.5%, Jun S&P500 flat at 1,909, Jun gold -0.1% at $1,264, Jul crude oil +0.1% at $104.19/brl ***Highlights/Observations/Insights*** - Fonterra finalizes its milk price for FY13/14 at NZ$8.40/kg, down from NZ$8.65/kg prior estimate, and also initiates FY14/15 forecast at NZ$7.00/kg. Co-op continues to see China demand remaining strong, anticipating about 2% growth in overall milk production for the coming season. ANZ economists noted the price cut was not as steep as markets had feared, briefly sending NZD slightly higher. - China April industrial profit growth slowed to single digits y/y and also incrementally softer on YTD basis. Research notes from mainland analysts and the CICC varied on the viability of a more aggressive policy easing in the shape of a RRR cut - the former leaning in favor and the latter arguing in support of a more low-profile and targeted monetary easing. - Commentary accompanying Australia's Westpac leading index from resident economist warned that the data show a "slowdown corroborated across all components (which) is a strong indication that a genuine slowdown is underway." Note Australia will put out its critical private CAPEX survey from the ABS, widely regarded as a powerful gauge of business appetite for risk as well as the health of the mining industry. ***Speakers/Political/In the Papers*** - (CN) China National Development and Reform Commission (NDRC): China's high level of iron ore inventory to continue - financial press - (CN) Slowdown in China housing market adds the chance to a RRR cut; Chance for a loose monetary policy still low - Chinese press - (CN) China Pres Xi Jinping: Both the "invisible hand" and the "visible hand" should be well used - Xinhua - (JP) BOJ Gov Kuroda: critical to balance policy flexibility and commitment in forward guidance - BOJ conf (Tokyo) - (US) Fed's Lockhart (moderate, FOMC alternate): Expects first raise in main rate in H2 2015; Expects Fed to halt QE in Q4 2014; Sees 3% GDP growth over next several quarters ***Fixed Income/Commodities/Currencies*** - (JP) BOJ offers to buy 250B in 1-3yr JGB, 250B in 3-5yr JGB and 170B in JGB with maturity over 10-yr - (AU) Australia sells A$700M in bonds due 2027; Avg yield: 3.9479%; Bid-to-cover: 3.02x - GLD: SPDR Gold Trust ETF daily holdings rise 8.4 tonnes to 785.3 tonnes (first rise since May 15th) - USD majors were largely confined to thin post-holiday ranges with the exception of the kiwi dollar. NZD/USD initially rose some 30pips above $0.8570 as New Zealand's Fonterra payout cut for the current year and next year were not as steep as feared, but retreated back below $0.8550 later in the day. USD/JPY backed away from the 102 handle, sliding some 10pips to 101.90, while EUR/USD consolidated the moderate selling in the US session to trade within the $1.3620-40 band. AUD/USD traded about 10pips on either side of $0.9260 amid mixed economic data from Australia and China. ***Equities*** US markets: - WDAY: Reports Q1 $0.13 v -$0.15e, R$159.7M v $153Me; +8.7% afterhours - QIHU: Reports Q1 $0.54 v $0.34e, R$265.1M v $222Me; +6.0% afterhours - URBN: Announces Authorization to Repurchase 10M (7.3% of outstanding) Shares; +0.3% afterhours Notable movers by sector: - Consumer Discretionary: Sands China 1928.HK -2.2% (shareholder offers shares); Ajinomoto 2802.JP +2.0% (to use marine or rail shipping in long distance) - Consumer staples: Fonterra FCG.NZ +0.3% (announces payout prices) - Financials: Goodpack GPACK.SG +4.3% (KKR makes offer); China Vanke 000002.CN +1.1% (cuts price in Guangzhou) - Industrials: Shanghai Prime Machinery 2345.HK -3.6% (announces acquisition) - Technology: GRG Banking Equipment 002152.CN +10.0%, Guangzhou KingTeller Technology 002177.CN +10.0%, Inspur Electronic Information Industry 000977.CN +10.0% (China bans IBM servers in banks); Tencent Holdings 700.HK +1.4% (JD traded higher by over 14% today in US) - 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