User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday October 1, 2014 - 09:44:27 GMT
global-view.com - www.global-view.com

Share This Story:
| | Email

Eurozone Final PMIs Soft. U.K. Mfg PMI Weak. PMIs Elsewhere Lackluster at Best

Eurozone Final PMIs Soft. U.K. Mfg PMI Weak. PMIs Elsewhere Lackluster at Best
  October 1, 2014 9:30 GMT
Daily Risk On/Off Heat Map

Current Market Conditions:
Markets have moved  into a MIXED RISK posture. Today has seen generally soft manufacturing PMI data. Additional reports are due later from the U.S.  The EURUSD is trading lower on the day.

  • Yields in prime Eurozone fixed income markets are lower. The 10-yr bund is 0.945%,  -0.4% bp. Peripheral bond yields are lower.
  • The U.K.10-yr gilt yield is 2.427% -1.3 bp. BOE Gov Carney has continued to signal a Spring 2015 rate hike.
  • U.S.10-yr yield is 2.502%, -0.4bp.The Psychological focus remains on 2.50%.
  • Far East equities were mixed. Hong Kong was closed for a holiday. Bourses in Europe are mixed. U.S. shares futures are lower..

    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:  US- ADP Jobs, PMIs
    • Eurozone final manufacturing PMIs remained mostly soft . German production has moved into contraction. Swiss PMI remained soft.
    • The U.K. Manufacturing PMI continued its strong negative divergence with the service sector.
    •  The Japanese Tankan Survey gained modestly to 13 from 12. The Japanese final Manufacturing PMI was flat while Chinese data were  steady. The Australian PMI fell further/ . 
    • Be sure to refer daily to the Global-View Economic Calendar and the Forex Forum for the complete list of key items (actual data, selected charts, etc.) as they are released.  .
    • The September ADP private Jobs estimate is awaited.
    • Thursday sees the latest ECB Po;icy decision.
    • On Friday, a slew of Service PMIs are set for release along with the September U.S jobs report.  
    • Be sure to refer daily to the Global-View Economic Calendar and the Forex Forum for the complete list of key items (actual data, selected charts, etc.) as they are released.
    Weekly Trading Planner Top Items (GMT):


    WEDNESDAY
    12:15  US ADP Jobs Predictor of non-farm payrolls
    13:45  US MKT MFG PMI final Closely-followed production index
    14:00  US ISM MFG PMI Closely-followed production index
    14:00  US Construction  Economic activity measure
    THURSDAY
    01:30 AU Trade Important Trade measure
    08:28 GB Construction PMI Closely-followed production index
    11:45 EZ Europe Cntl Bank More ease to be signaled?
    12:30  US Initial Claims 300 293
    14:00  US Factory Orders Future production predictor
    FRIDAY
    07:55 DE SVC PMI final Key Service Sector index
    07:58  EZ SVC PMI final Key Service Sector index
    08:28 GB SVC PMI Key Service Sector index
    12:30  CA Trade External sector measure 
    12:30  US Payrolls Major Fed Target
    12:30  US Trade Impacts GDP calculation
    13:45  US Markit SVC PM Key Service Sector index
    14:00  US ISM SVC PMI Key Service Sector index
    FOREX CALENDAR
    Time  Imp Country Title Cons Last
    01/10/14 11:00 C US WK Mortgage Stats n/a n/a
    01/10/14 12:15 A US ADP Jobs 202 204
    01/10/14 13:45 A US MKT MFG PMI final 57.9 57.9
    01/10/14 14:00 A US ISM MFG PMI 58 59
    01/10/14 14:00 A US Construction Mar 0.40% 1.80%
    01/10/14 14:30 B US EIA Crude mn n/a -4.3
    01/10/14 14:30 B US EIA Gasoline mn n/a -0.4
    01/10/14 14:30 A US EIA Distillate mn n/a 0.82
    01/10/14 14:30 B US EIA Cap Util n/a 93.40%
    02/10/14 0:00 A THURSDAY
    02/10/14 1:30 A AU Trade A$bln n/a -1.359
    02/10/14 8:28 A GB Construction PMI 63.5 64
    02/10/14 11:45 A EZ Europe Cntl Bank 0.15% 0.15%
    02/10/14 12:30 A EZ ECB Webcast n/a n/a
    02/10/14 12:30 A US Initial Claims 300 293
    02/10/14 12:30 A US Cont Claims n/a 2.44
    02/10/14 14:00 A US Factory Orders -9.00% 10.50%
    02/10/14 14:30 C US Nat Gas bcf n/a 97
    03/10/14 0:00 A FRIDAY
    03/10/14 7:50 B FR SVC PMI final 49.4 49.4
    03/10/14 7:55 A DE SVC PMI final 54.6 54.9
    03/10/14 7:58 A EZ SVC PMI final 52.8 52.8
    03/10/14 8:28 A GB SVC PMI 59 60.5
    03/10/14 9:00 B EZ Retail Sls mm 0.10% -0.40%
    03/10/14 9:00 B EZ Retail Sls yy 0.70% 0.80%
    03/10/14 12:30 A CA Trade C$bn n/a 2.58
    03/10/14 12:30 A US Jobless % 6.10% 6.10%
    03/10/14 12:30 A US Payrolls 213 142
    03/10/14 12:30 A US Priv Jobs 200 134
    03/10/14 12:30 A US Trade USDb -41 -40.5
    03/10/14 13:45 A US Markit SVC PMI 58.5 58.5
    03/10/14 14:00 A US ISM SVC PMI 58.5 59.6
    03/10/14 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. He was a FX consultant to major corporations. He has also been a institutional forex trader, FX analyst for a blue chip Fed watching service and an author. John has an MBA in Finance and a BA in Economics from the University of California, 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