User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday October 16, 2014 - 05:22:58 GMT
Trade the News Staff -

Share This Story:
| | Email Asian Market Update: Shanghai supported by recovery in New Loans; Nikkei down sharply on safehaven Yen bid - Source

(CN) CHINA SEPT FOREIGN RESERVES: $3.890T V $4.010TE- (CN) CHINA SEPT M2 MONEY SUPPLY Y/Y: 12.9% V 13.0%E; M1 MONEY SUPPLY Y/Y: 4.8% V 5.9%E- (CN) CHINA SEPT NEW YUAN LOANS (CNY): 857.2B (3-month high) V 745.8BE- (CN) CHINA SEPT AGGREGATE FINANCING (CNY): 1.050T V 1.150TE- (CN) CHINA SEPT ACTUAL FOREIGN DIRECT INVESTMENT (FDI) Y/Y: +1.9% V -14.0%E- (NZ) NEW ZEALAND SEPT ANZ JOB ADS M/M: 2.4% V 1.7% PRIOR- (NZ) NEW ZEALAND SEPT BUSINESS MANUFACTURING PMI: 58.1 (14-month high) V 57.0 PRIOR- (AU) AUSTRALIA OCT CONSUMER INFLATION EXPECTATION: 3.4% V 3.5% PRIOR- (AU) AUSTRALIA SEPT RBA FX TRANSACTIONS (A$): 910M V 381M PRIOR***Index Snapshot (as of 02:30 GMT)***- Nikkei225 -2.2%, S&P/ASX -0.6%, Kospi -0.6%, Shanghai Composite +0.1%, Hang Seng -0.8%, Dec S&P500 +0.3% at 1,851, Dec gold -0.4% at $1,239, Nov crude oil -1.3% at $80.76/brl***Market Focal Points/Key Themes/FX***- Asian markets continued to sell off on global concerns. Following a selloff in the Europe and US markets, Japan's Nikkei225 opened the session down almost 2%, briefly touching 14,672.55, the lowest level since late May. The Shanghai Composite, however, traded higher during the session continuing to rally following the release of the Sept lending and money supply data. Sept M2 money supply came in at 12.9%, just shy of the 13.0% expected, while Sept new yuan lending was at the highest level in 3 months at CNY857.2B, beating consensus estimates of CNY745.8B.- The China Ministry of Commerce also released Sept China FDI data attracting $9.0B, which was an increase of 1.9% y/y. The non-financial overseas component or the amount of direct investment made overseas by Chinese investors outside the financial sector, increased 21.6%y/y.- Press sources reported China Sept power consumption was at +2.7% compared to the prior month's reading of -1.5%. Although power consumption recovered from last month, demand continues to remain weak, as 2.7% marks the second lowest reading since Apr 2013. The official power consumption report is expected from China National Energy Administration (NEA) this week.- The US Treasury released its semiannual currency report labelling no major trading partner as a currency manipulator. The report admonished South Korea for its currency interventions between May and July. South Korea officials subsequently said that the fx rate is determined by the market, limiting any intervention to a smoothing operation when there is excessive movement. On China the Treasury said the yuan remains undervalued, adding that China's intervention has slowed.- In his address to the upper house of parliament, BOJ Governor Kuroda said that the weak yen can boost exports, stocks. The rise in import costs from weak yen has somewhat offset by sharp fall in commodity prices. In a response to inquiry regarding a yen drop to 170/dollar, he said he cannot necessarily say a decline would go that far. The governor reiterated that he has not set any deadline for easing by the BOJ, adding that it is too early to discuss exit strategy as inflation was still only halfway to meeting price target.***Commodities/Fixed Income***- (US) API PETROLEUM INVENTORIES: CRUDE: +10.2M (multi-year high build) v +2Me, GASOLINE: -3.1M v -1.5Me, DISTILLATE: -0.16M v -1.5Me- (CN) PBoC to drain CNY20B in 14-day repos (22nd consecutive drain); net position zero this week vs injected CNY26B prior- USD/CNY: (CN) PBoC sets yuan mid-point at 6.1395 v 6.1455 prior setting (strongest Yuan setting since Mar 19th)- (JP) BOJ offers to buy 110B in JGB with maturity less than 1-yr, 100B in 10-25yr JGB, and 30B in JGB with maturity over 25-yr ***Equities***US markets: - MSO: Announces multi-year media partnership with Meredith Corporation; immediately accretive to earnings; financial terms not disclosed; +16.8% afterhours- HCA: Reports prelim Q3 $1.16 v $0.98e, Rev $9.22B v $9.04Be; Raises FY14; +7.2% afterhours- LVS: Reports Q3 $0.84 v $0.84e, R$3.53B v $3.67Be; Adds $2B to buyback plan (4.2% of market cap); +1.8% afterhours- URI: Reports Q2 $2.20 v $2.05e, R$1.54B v $1.50Be; +1.7% afterhours- AXP: Reports Q3 $1.40 v $1.38e, R$8.33B v $8.37Be; -0.2% afterhours- EBAY: Reports Q3 $0.68 v $0.67e, R$4.35B v $4.37Be; -1.2% afterhours- EXTR: Guides Q1 lower to -$0.02 to $0.00 v $0.06e, R$135-136.5M v $152Me (prior $0.06-0.08, R$150-155M); -22.3% afterhours- NFLX: Reports Q3 $0.96 v $0.93e, R$1.41B v $1.41Be; -26.4% afterhours Notable movers by sector:- Consumer Discretionary: Welcia Holdings 3141.JP +3.1% (FY13/14 results)- Financials: Agile Property 3383.HK -1.2% (to issue shares)- Materials: Perseus Mining PRU.AU +7.6% (Q1 production results); Robust Resources ROl.AU +2.6% (shareholder raises stake); Fortescue Metals FMG.AU -5.2% (Q1 production results); Iluka Resources ILU.AU -3.1% (Q3 production results); Perseus Mining PRU.AU +6.3% (Q1 production results); Tianhe Chemicals Group 1619.HK +2.9% (shares repurchase)- Technology: Japan Display Inc 6740.JP -16.0% (cuts H1, FY14/15 guidance); NSFOCUS Information Technology 300369.CN +5.0% (investment in information security companies) - 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