User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday January 20, 2015 - 11:42:06 GMT
Trade the News Staff -

Share This Story:
| | Email EU Mid-Market Update: German ZEW survey continues to improve thanks to lower oil and weaker Euro

Tue, 20 Jan 2015 5:22 AM EST

- IMF updated its World Economic Outlook (WEO) and again cut both 2015 and 2016 global growth forecasts
- China Q4 GDP Q/Q: 1.5% v 1.7%e; Y/Y: 7.3% v 7.2%e (first official miss since 1998 and also the lowest rate of growth in 24 years)
- China Dec Industrial Production hits a 3-month high (Y/Y: 7.9% vs. 7.4%e)
- German Jan ZEW Current Situation Survey registers its third straight month of improvement, highest since Feb 2014 (22.4 vs. 13.0e)

**Economic data***
- (JP) Japan Dec Convenience Store Sales Y/Y: -1.2% v -1.7% prior (9th straight monthly decline)
- (DE) Germany Dec PPI (miss); M/M: -0.7% v -0.4%e; Y/Y: -1.7% v -1.4%e
- (FI) Finland Dec Unemployment Rate: 8.8% v 8.2% prior
- (TW) Taiwan Dec Export Orders (beats) Y/Y: 4.5% v 1.8%e
- (ZA) South Africa Nov Total Mining Production data misses; M/M: -1.2% v +0.7%e; Y/Y: -0.4% v -0.3%e
- (DE) Germany Jan ZEW Survey (beats); Current Situation Survey: 22.4 v 13.0e v 10.0 prior; Expectations Survey: 48.4 v 40.0e
- (EU) Euro Area (EU18) Q2 Government Budget Deficit to GDP Ratio at -2.3% v -2.5% prior

Fixed Income:
- (ES) Spain Debt Agency (Tesoro) opened its book to sell EUR-denominated Apr 2025 bond via syndicate
; guidance seen at 92bps to mid-swaps; order book over 17B
- (ES) Spain Debt Agency (Tesoro)auction steady; sold total 5.054B vs. 4.5-5.5B indicated in 6-Month and 12-Month Bills
- Sold 785M in 6-month Bills; Avg Yield: 0.105% v 0.276% prior; Bid-to-cover: 3.77x v 4.98x prior
- Sold 4.26B in 12-month Bills; Avg Yield: 0.213% v 0.363% prior; Bid-to-cover: 2.12x v 2.01x prior
- (CH) Switzerland sold CHF938.4B in 3-month Bills; Yield: -1.101%

Indices [Stoxx50 +0.5%
, FTSE 100 +0.3% at 6,603, DAX flat at 10,230, CAC-40 +0.6% at 4,420, IBEX-35 +1% at 10,261, FTSE MIB +0.7% at 19,611, SMI +0.3% at 8,180, Athens Stock Exchange -1%, S&P 500 Futures +0.2% at 2,017]

- Market Focal Points/Key Themes: Equity markets open slightly higher following Monday's gains with Thursday's ECB meeting in focus; DAX trades at another record high ahead of ZEW data; SAP cuts 2017 outlook; Novozymes Q4 results above ests; Unilever sales weighed down by European and emerging markets; Lower copper and oil prices weigh on resource-related firms; NY morning earnings (JNJ, Morgan Stanley, Baker Hughes, Halliburton, Delta)

By Sector
- Consumer Discretionary
[Unilever ULVR.UK -2% (FY sales below ests), Luxottica LUX.IT -1% (profit taking after FY sales)]
- Healthcare [Novozymes NZYMB.DK +5% (Q4 results above ests)]
- Stoxx50 sectors [Industrials +1%, Financials +0.9%, Consumer Cyclical +0.7%, Telecom +0.3%, Consumer Non-Cyclical +0.2%, Energy flat; Technology -1.3%, Utilities -0.1%, Basic Materials -0.1%]

- ECB Lending Survey
: Credit Standards remained tight, but noted easing of credit standards in Q4
- Germany Fin Min Schaeuble: EU has stabilized the EMU region via tighter control and banking union and region would deliver its fair contribution to growth. He reiterated view of not seeing deflation in either Germany or Europe and that Europe must consolidate its budgets
- German ZEW Economists noted that its sentiment was helped by lower oil prices and weaker euro currency. Upcoming Greek election, SNB decision to abandon euro cap on Franc led to strong market fluctuations.
- Head of German Govt advisors (aka. 'wisemen') Christoph Schmidt: Greece exit was not insurmountable. Euro Area growth had become stronger in recent years due to reforms in Portugal and Ireland. Was not in favor of 50% haircut on Greek debt as it would take away pressure from further reforms
- Sweden Govt updated its economic forecasts; cuts both 2015 and 2016 GDP and CPI outlook. Cuts 2015 GDP growth forecast from 3.0% to 2.4%. uts 2016 GDP growth forecast from 3.2% to 2.7%. Cuts 2015 CPI forecast from 0.9% to 0.3% and 2016 inflation from 2.2% to 1.4%
- Sweden Fin Min Andersson stated that he saw slow recovery in coming years with downside risks to outlook. Europe had seen negative rather than upside surprises in recent years. Russia development could affect Sweden and divergent monetary stance in Europe can create large money flows and turbulence
- Slovakia Dep Fin Min Hudak: Domestic demand was picking up and seen boosting economic growth. Concerned by Euro Zone disinflation; ECB QE would help the region avoid deflation
- Hungary Econ Minister Orban: Economic fundamentals did not justify recent HUF currency (Forint) weakening vs euro; no reason to worry about weakening as pace was moderate
- South Africa Trade Min Davies: Manufacturers were comfortable with current level of ZAR currency (Rand) as it aided competitiveness

- USD had a firm tone in Asia but saw some of its glow ebb during European trading
. Dealers in Asia initially cited a WSJ's Hilsenrath piece that the Fed remained on track to begin raising interest rates this year despite the move lower in long term yields. The greenback gave away the bulk of its earlier gains as the session progressed
- Precious metals continued their recent uptrend. Spot gold edged towards the $1,300/oz area while spot silver retested the 18/oz

**Political/In the Papers:
- (GR) Three polls over the last 24 hours showing Syriza Party (opposition) lead growing ahead of the Jan 25th Parliamentary elections
- (DE) German Bundesbank said to still striving to put limits on ECB QE - financial press; Trying to limit money-printing by ECB by softening blueprint or delay decisions on key parts beyond this week
- (DE) German economists: ECB should purchase 1.0T in govt and private bonds over the next two years to fight deflation risks and restore credibility; Economists include Fratzsscher of IFO Institute and Wolff from Bruegel Research
- (US) Fed watcher Hilsenrath (WSJ): FOMC likely to repeat that the Fed can be patient about rate increases in upcoming Jan 27-28 meeting

**Looking Ahead***
All times listed for economic events are denominated in Eastern Standard Time (Add 5 hours for GMT equivalent)
- (EU) EU General Affairs Ministers hold meeting in Brussels
- (PL) Poland Finance Ministry to meet Central Bank Gov Belka and heads of commercial banks following SNB move to abandon floor
- (AT) ECB's Nowotny (Austria) at Euromonry CEE conference in Vienna
- (IR) P5+1 convene with Iran for nuclear talks in Geneva
- (CH) China Premier Li at Davos
- (BR) Brazil Jan CNI Industrial Confidence: No est v 45.2 prior
- 05:30 (HU) Hungary Debt Agency (AKK) to sell 3-month Bills
- 05:30 (UK) DMO to sell 3.75B in 2% 2020 Gilts

- 06:00 (IL) Israel Nov Manufacturing Production: No est v -1.2% prior
- 06:30 (EU) ESM to sell 1.5B in 6-month Bills
- 06:45 (US) Daily Libor Fixing
- 07:00 (RU) Russia announces weekly OFZ bond auction (if not cancelled)
- 07:00 (TR) Turkey Central Bank (CBRT) Interest Rate Decision: Expected to leave rates unchanged; Expected to leave Benchmark Repurchase rate unchanged at 8.25%; Expected to leave Overnight Lending Rate unchanged at 11.25%; Expected to leave Overnight Borrowing Rate unchanged at 7.50%
- 07:00 (SE) Sweden govt no-confidence vote
- 08:00 (PL) Poland Central Bank (NBP) Minutes
- 08:00 (PL) Poland Dec Average Gross Wages M/M: 8.8%e v 0.6% prior; Y/Y: 3.1%e v 2.7% prior
- 08:00 (PL) Poland Dec Employment M/M: -0.1%e v +0.1% prior; Y/Y: 1.0%e v 0.9% prior
- 08:15 Baltic Dry Bulk Index
- 08:30 (CA) Canada Nov Manufacturing Sales M/M: -0.7%e v -0.6% prior
- 08:45 (UK) BOE's Cunliffe at event in London
- 09:00 (BE) Belgium Jan Consumer Confidence Index: No est v -12 prior
- 09:00 (EU) Weekly ECB Forex Reserves
- 10:00 (US) Fed's Powell on Libor in Washington
- 10:00 (MX) Weekly Mexico International Reserves Weekly
- 10:00 (US) Jan NAHB Housing Market Index: 58e v 57 prior
- 11:30 (US) Treasury to sell $24B in 3-Month and 6-Month Bills
- 16:45 (NZ) New Zealand Q4 CPI Q/Q: 0.0%e v 0.3% prior; Y/Y: 0.9%e v 1.0% prior
- 23:00 (MY) Malaysia Dec CPI Y/Y: 2.8%e v 3.0% prior
- 22:00 (TH) Thailand to sell THB16B in 2025 bonds
- (JP) Bank of Japan (BOJ) Monetary Policy Decision


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
Open Forum
Futures Forum
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

Online Forex Trading
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
Forex Products
GVI Forex
Free Trials
FX Bookstore
Managed Forex Accounts
FX Jobs and Careers
Jobs USA
Jobs UK
Jobs Canada

Forex Forum

The Global-View Forex Forum is the hub for currency trading on the web. Founded in 1996, it was the original forex forum and is still the place where forex traders around the globe come 24/7 looking for currency trading ideas, breaking forex news, fx trading rumors, fx flows and more. This is where you can find a full suite of forex trading tools, including a complete fx database, forex chart points, live currency rates, and live fx charts. In addition, there is a forex brokers directory where you can compare forex brokers. There is also a forex brokers hotline where you can ask for help choosing a forex broker that meets your individual fx trading needs. Interact on the same venue to discuss forex trading.

Forex News

The forex forum is where traders come to discuss the forex market. It is one of the few places where forex traders of all levels of experience, from novice to professionals, interact on the same venue to discuss forex trading. There is also the GVI Forex, which is a private subscription service where professional and experienced currency traders meet in a private forex forum. it is like a virtual forex trading room. This is open to forex traders of all levels of experience to view but only experienced currency tradingprofessionals can post.

Currency Trading

Currency trading charts are updated daily using the forex trading ranges posted in the Global-View forex database. You will also find technical indicators on the fx trading charts, e.g. moving averages for currencies such as the EURUSD. This is another forex trading tool provided by

Forex Brokers

The forex database can be used to access high, low, close daily forex ranges for key currency pairs, such as the EURUSD, USDJPY, USDCHF, GBPUSD, USDCAD, AUD, NZD and major crosses, including EURJPY, EURGBP, EURCHF, GBPJPY, GBPCHF and CHFJPY. Data for these currency trading pairs dating back to January 1, 1999 can be downloaded to an Excel spreadsheet.

Forex Trading

Forex chart points are in a currency trading table that includes; latest fx tradinghigh-low-close range, Bollinger Bands, Fibonacci retracement levels, daily forex pivot points support and resistance levels, average daily forex range, MACD for the different currency trading pairs. You can look on the forex forum for updates when one of the fx trading tools is updated.

FX Trading

Global-View also offers a full fx trading chart gallery that includes fx pairs, such as the EURUSD, commodities, stocks and bonds. In a fx trading world where markets are integrated, the chart gallery is a valuable trading tool. Look for updates on the Forex Forum when the chart gallery is updated.

Forex Blog also offers a forex blog, where articles of interest for currency trading are posted throughout the day. The forex blog articles come from outside sources, including forex brokers research as well as from the professionals at This forex blog includes the Daily Forex View, Market Chatter and technical forex blog updates. In additional to its real time forex forum, there are also Member Forums available for more in depth forex trading discussions.



By using this website, you are agreeing to our Privacy Policy and Terms of Use, and Cookie Policy

Copyright ©1996-2019 Global-View. All Rights Reserved.
Hosting and Development by Blue 105