User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday July 15, 2014 - 18:04:32 GMT
global-view.com - www.global-view.com

Share This Story:
| | Email

Fed Chair Yellen Dovish. U.K. Prices Up. Weak German ZEW. Yellen To Testify Again on Wednesday

Fed Chair Yellen Dovish. U.K. Prices Up. Weak German ZEW. Yellen To Testify Again on Wednesday
July 16, 2014 00:030 gmt
Daily Risk On/Off Heat Map

Markets seem to be getting the message that Fed Chair Yellen might be starting to prepare Congress and participants for a policy tightening in 2015. Her words generally maintained a dovish posture but she seems to be walking a narrow line.


  • Yields in prime Eurozone fixed income markets are now steady on the day.  Yields on the European periphery are lower. The German 10-yr bund is 1.21%, 0bp.
  • The U.K.10-yr gilt  yield is 2.65%  +4bp. Odds favor a +25bp BOE short-term rate hike by yearend, especially with inflation rising.
  • U.S.10-yr  yield  is 2.57%,  +2bp.
  • Equities closed higher in the Far East. Bourses in Europe are ending mixed to lower. U.S. shares are weaker.

    The heat map color scheme of interest rates reflects yields. This aligns all the colors in the chart to reflect risk-on (green) and risk-off(red).


    HIGH IMPACT NEWS:  NZ- CPI, CN- GDP, CA- Bank of Canada US- Yellen

    • The primary focus Tuesday was the first leg of two days of semi-annual  Congressional testimony by Fed Chair Yellen. As expected, she  maintained a generally dovish tone but indicated at some point the central bank will be forced to start to raise rates to normalize policy. On Wednesday she goes before the House.
    • U.S. June Retail Sales were mixed to higher after revisions. The July Empire PMI handily beat street expectations.
    • July German ZEW data were weaker than expected. We have been seeing signs of a weakening of the German economy recently. These data could cause more ECB worry.
    • June U.K. inflation data were hotter than expected and could put intensify pressure on the BOE to tighten later this year.
    • See the FOREX FORUM. for actual data, selected charts, etc.) and  comments from experienced traders to events as they are released.
    • Wednesday will see Chinese GDP,  the U.K. Employment report and the latest Bank of Canada Policy Decision.
    • On Thursday, final EZ CPI data for June will be released. Housing Starts and Permits are due from the U.S. along with Industrial Production and sentiment data. On Friday, Canadian CPI and the preliminary July University of Michigan Survey are due.  
    • See the FOREX FORUM. for actual data, selected charts, etc.) and  comments from experienced traders to events as they are released.
    Weekly Trading Planner

    WEDNESDAY July 16, 2014
    GB Employment 
    CA BOC Rates+MPR
    THURSDAY July 17, 2014
    EZ Final HICP
    US Initial Claims
    US House Starts /Permits
    US TIC Net Flows
    US Ind Prod
    FRB Beige Book  
    FRIDAY July 18, 2014
    CA BOC CPI
    US U Mich prelim


    FOREX CALENDAR
    Time  Imp Country Title Cons Last
    15/07/14 20:30 C US API Energy n/a n/a
    15/07/14 23:45 A NZ 2Q CPI qq n/a 0.30%
    15/07/14 23:45 A NZ 2Q CPI yy n/a 1.60%
    16/07/14 0:00 WEDNESDAY
    16/07/14 2:00 CN GDP yy 2Q14 7.40% 7.40%
    16/07/14 8:30 A GB ILO Unemploy 6.50% 6.60%
    16/07/14 8:30 A GB Avg Earn 3myy 0.50% 0.70%
    16/07/14 8:30 A GB Claimant Count k Mar -27 -27.4
    16/07/14 11:00 C US WK Mortgage Stats n/a n/a
    16/07/14 14:00 A CA BOC Rates+MPR 1.00% 1.00%
    16/07/14 14:00 A FRB Yellen n/a n/a
    16/07/14 14:30 A US EIA Distillate mn n/a -2.4
    16/07/14 14:30 B US EIA Crude mn n/a 0.58
    16/07/14 14:30 B US EIA Gasoline mn n/a 0.23
    16/07/14 14:30 B US EIA Cap Util n/a 91.60%
    17/07/14 0:00 THURSDAY
    17/07/14 9:00 A EZ HICP mm 0.10% -0.10%
    17/07/14 9:00 A EZ HICP yy 0.50% 0.50%
    17/07/14 9:00 A EZ HICP core y 0.80% 0.80%
    17/07/14 12:30 A US Cont Claims n/a n/a
    17/07/14 12:30 A US Initial Claims 310 304
    17/07/14 12:30 B US PPI core 0.20% -0.10%
    17/07/14 12:30 B US PPI Apr 0.20% -0.20%
    17/07/14 12:30 A US House Starts 1020 1001
    17/07/14 12:30 A US House Permits 1045 1005
    17/07/14 13:00 A US TIC Net Flows $b n/a n/a
    17/07/14 13:00 B US TIC L-T Flows Mar n/a -24.2
    17/07/14 13:15 A US Ind Prod 0.30% 0.60%
    17/07/14 13:15 A US Cap Util 79.30% 79.10%
    17/07/14 14:00 B US NAHB Index 50 49
    17/07/14 14:00 A US Philly Fed 16 17.8
    17/07/14 14:30 C US Nat Gas bcf n/a 93
    17/07/14 18:00 A FRB Beige Book n/a n/a
    17/07/14 23:50 A JP BOJ Minutes n/a n/a
    18/07/14 0:00 FRIDAY
    18/07/14 12:30 A CA BOC CPI Apr y n/a 1.70%
    18/07/14 12:30 A CA CPI mm 0.10% 0.50%
    18/07/14 12:30 A CA CPI yy 2.40% 2.30%
    18/07/14 13:55 A US U Mich prelim 83.2 82.5
    18/07/14 14:00 B US Lead Ind 0.50% 0.50%
    18/07/14 19:30 US COT Report n/a n/a


    calendarBe 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.


    John M. BlandJohn M. Bland, is a founding partner of Global-View.com,  and an author. He has been an FX consultant for a money center. bank, a forex trader for a N.Y. institution, and a FX analyst for a top Fed watching service. John has an MBA in International Finance and an A.B. in Economics from the University of California at Berkeley.
Copyright 2014, 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