User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday January 29, 2015 - 17:20:47 GMT
Trade the News Staff -

Share This Story:
| | Email US Mid-Session Update: Markets Digest Corporate Earnings Reports

Thu, 29 Jan 2015 12:10 PM EST

***Economic Data***
- (UK) Jan CBI Industrial Reported Sales: 39 v 32e
- (BE) Belgium Jan CPI M/M: -0.1 v -0.1% prior; Y/.Y: -0.6% v -0.4% prior
- (BR) Brazil Dec Central Govt Budget Balance (BRL): 1.0B v 9.0Be
- (RU) Russia Gold and Forex Reserve w/e Jan 23rd: $378.1B v $379.4B prior
- (CL) Chile Dec Total Copper Production: 522.7K v 477.4K tons
- (DE) German Jan CPI Baden Wuerttemberg M/M: -1.0% v -0.1% prior; Y/Y: 0.1 v 0.1% prior
- (DE) Germany Jan Preliminary CPI M/M: -1.0% v -0.8%e; Y/Y: -0.3% v -0.1%e
- (DE) Germany Jan Preliminary CPI EU Harmonized M/M: -1.3% v -1.0%e; Y/Y: -0.5% v -0.2%e
- (ZA) South Africa Central Bank (SARB) left Interest Rates unchanged at 5.75%, as expected
- (US) Initial Jobless Claims: 265K v 300Ke; Continuing Claims: 2.385M v 2.405Me
- (US) Dec Pending Home Sales M/M: -3.7% v 0.5%e; Y/Y: 8.5% v 10.8%e
- (US) Weekly EIA Natural Gas Inventories: -94 bcf vs. -109 to -113 bcf expected range

US equity markets are under pressure this morning as investors digest corporate earnings reports. Energy firms are beginning to slash spending the face of lower oil prices, while any US company with overseas exposure is taking big hits from USD gains. As of writing, the DJIA is up 0.43%, the S&P500 is flat and the Nasdaq is down 0.16%.

Pending home sales dropped more than expected in December, however the month's total was still higher than the year-ago figure. The November reading was revised slightly lower. The NAR wrote that total inventory fell in the month for the first time in 16 months, resulting in fewer choices for buyers and a modest uptick in price growth. Despite the downbeat data, a good quarterly report from Pulte Homes has helped send major homebuilders higher this morning.

After trading in a narrow range for the last two days around 1.0260, EUR/CHF has moved up to 1.0450. Some modestly better European data had pulled the euro off two-day lows, sending EUR/USD as high as 1.1370. But at 10:30ET the pair turned around and went back below 1.1300. Note that the Danish Central Bank cut its CD rate to -0.50% from -0.35%, the third cut in two weeks, as the Danes struggle to maintain the EUR/DKK peg.

Crude is making fresh six-year lows this morning, with front-month WTI dipping below $44 for the first time since early 2009. Multiple oil and refining names have reported quarterly results yesterday and today, including big reductions in 2015 spending plans. Yesterday's weekly inventories showed crude inventories at their highest level in 80 years. This morning's weekly EIA natural gas report indicated softer demand than expected, hitting natural gas prices.

Shares of US oil major ConocoPhillips are down 3% this morning after a problematic fourth-quarter report, on top of a 5% loss yesterday. On an adjusted basis, the firm narrowly missed earnings expectations, but the real focus this morning is on lowered FY15 spending. The firm lowered its FY15 capex to $11.5 billion from the initial view of $13.5 billion, which itself was a 20% y/y reduction. Production for the year was trimmed as well. Integrated oil name Oxy Petroleum beat expectations, but also unveiled a much reduced spending program for FY15. OXY lost 4% ahead of earnings and is down another few percent this morning.

Refiners Phillips 66 and Valero are a different story. Shares of both firms have risen steadily ahead of reporting earnings and both VLO and PSX are up about 1% a piece mid-morning. Phillips' quarterly profits rose nearly 40% y/y and topped expectations. Valero's results were up less on a y/y basis, but widely beat expectations.

Facebook saw healthy y/y gains in both EPS and revenue, while mobile users were up 34% y/y. Advertising revenue jumped 53% y/y. Share of FB are flat on the session after some volatility earlier this morning. Shares of Qualcomm are among the major downside movers, down 11% after the firm cut its FY15 view and confirmed earlier news that Samsung had moved away from its chips for its latest Galaxy smartphones.

***Looking Ahead***
- 14:00 (MX) Mexico Central Bank (Banxico) Interest Rate Decision: Expected to leave Overnight Rate unchanged at 3.00%
- 16:00 (KR) South Korea Feb Business Survey Manufacturing: No est v 77 prior; Non-Manufacturing: No est v 68 prior
- 16:00 (CO) Colombia Nov Trade Balance: -$1.5Be v -$1.4B prior; Total Imports: $5.3Be v $5.9B prior
- 16:45 (NZ) New Zealand Dec Building Permits M/M: No est v % prior
- 16:45 (NZ) New Zealand Dec Net Migration: No est v 5.0K prior
- 18:00 (KR) South Korea Dec Industrial Production M/M: 0.9%e v 1.3% prior; Y/Y: -1.7%e v -3.4% prior
- 18:30 (JP) Japan Dec Jobless Rate: 3.5%e v 3.5% prior
- 18:30 (JP) Japan Dec National CPI Y/Y: 2.3%e v 2.4% prior; CPI Ex Fresh Food Y/Y: 2.6%e v 2.7% prior; CPI Ex Food, Energy Y/Y: 2.1%e v 2.1% prior
- 18:30 (JP) Japan Jan Tokyo CPI Y/Y: 2.2%e v 2.1% prior; CPI Ex Fresh Food Y/Y: 2.2%e v 2.3% prior; CPI Ex Food, Energy Y/Y: 1.8%e v 1.8% prior
- 18:50 (JP) Japan Dec Preliminary Industrial Production M/M: +1.2%e v -0.5% prior; Y/Y: +0.3%e v -3.7% prior ; Capacity Utilization M/M: No est v -0.8% prior
- 19:05 (UK) Jan GKF Consumer Confidence: -2e v -4 prior
- 19:30 (TW) Taiwan


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