User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Monday July 7, 2014 - 15:11:18 GMT
Trade the News Staff -

Share This Story:
| | Email US Market Update: Equities take a breather while awaiting earnings

Mon, 07 Jul 2014 10:56 AM EST

**Economic Data***
- (IE) Ireland Jun Consumer Confidence: 81.1 v 79.4 prior
- (RU) Russia Jun Official Reserve Assets: $478.3B v $473.0Be
- (PL) Poland Jun Official Reserves: $102.0B v $102.7B prior
- (CA) Canada May Building Permits M/M: 13.8% v 2.0%e
- (CL) Chile May Economic Activity M/M: 0.6% v 1.0%e; Y/Y: 2.3% v 3.0%e
- (CL) Chile Jun Trade Balance: $625M v $175Me
- (CL) Chile Jun Copper Exports: $3.3B v $3.5B prior
- (MX) Mexico May Leading Indicators M/M: 0.1 v 0.0 prior
- (CL) Chile May Real Wage M/M: -0.1% v -0.2% prior; Y/Y: 1.0% v 1.2% prior
- (BR) Brazil Jun Vehicle Production: 215K v 282.5K prior; Vehicle Sales: 263.6K v 293.4K prior; Vehicle Exports: 24.2K v 35.2K prior
- (CA) Canada Jun Ivey Purchasing Managers Index (Seasonally Adj): 46.9 v 52.0e; PMI Unadj: 49.7 v 52.2prior
- (HU) Hungary Jun YTD Budget Balance (HUF): -814B v -681.7B prior
- (CA) Bank of Canada (BOC): Q2 Senior Loan Officer Survey: -12.8 v -10.9 prior; Business Outlook Future Sales: 24 v 30e

- Stock markets returned from the long holiday weekend under very modest pressure. Indices appear to be backing away from the latest new all-time highs largely on some profit taking. Trading remains thin and overall news flow is light. Friday's June jobs report once again confirmed an improving employment picture and has thus caused some to re-evaluate current Fed expectations, which is helping keep a lid on stock prices. The US Treasury curve is flatter with the long end finding some bids while the short end consolidates the post employment report selling. The benchmark 10-year yield is lower bay a few basis points from where it finished before the holiday break, trading around 2.62%.

- Banking stocks are little heavy world-wide. The WSJ noted that Basel officials continue to explore potential measures that would make it more difficult for banks to downplay the riskiness of assets on their books.

- WTI crude has slipped to nearly a one month low. Iraq officials confirmed that June production stayed close to 2.5M bpd. Valero reiterated their 2014 capital spending plans despite some of the recent hand wringing seen in the refining space related to reported tweaks to US oil export regulations.

- FX markets appear set for summer doldrums. The USD/JPY pair remained within the two yen range since April while the EUR/USD has been confined to a 200-pip range for the past six weeks. It continues to hold right around 1.36. USD/CAD caught a bid after the June Ivey purchasing managers index missed expectations by a decent margin.

**Looking Ahead**
All times listed for economic events are denominated in Eastern Standard Time (Add 4 hours for GMT equivalent)
- Eurogroup meeting in Brussels
- 11:00 (DE) ECB's Lautenschlager (Germany) in Hamburg
- 11:00 (US) Fed to purchase $2.50-3.25B in notes
- 11:30 (US) Treasury to sell $48B in 3-Month and 6-Month Bills
- 13:30 (se) Sweden Central Bank (Riksbank) Gov Ingves
- 15:00 (NZ) New Zealand Central Bank (RBNZ) Gov Wheeler
- 16:00 (US) Crop Condition Report
- 19:50 (JP) Japan May Current Account Balance: 417.5Be v 187.4B prior; Adj Current Account: 158.1Bev 130.5B prior
- 19:50 (JP) Japan May Trade Balance: -822.5Be v -780.4B prior
-23:45 (JP) BOJ Dep Gov Nakaso speaks in Tokyo
- (MX) Mexico Banamex Survey of Economists
- (CO) Colombia Jun CPI Core M/M: No est v 0.2% prior; Y/Y: No est v 2.8% prior
- US Sec of State Kerry to visit China on July 8-10th for the US-China Strategic and Economic Dialogue




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