User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday May 5, 2015 - 16:14:33 GMT
Trade the News Staff -

Share This Story:
| | Email

TradeTheNews US Mid-Session Update: Trade Deficit Widens in March, Bond Selloff in Focus

Tue, 05 May 2015 12:02 PM EST

***Economic Data***
- (ZA) South Africa Apr SACCI Business Confidence: 89.9 v 89.1 prior
- (CL) Chile Mar Economic Activity Index (Monthly GDP) M/M: -0.3% v -0.6%e; Y/Y: 1.6% v 1.1%e
- (US) Goldman Economist: Chain Store Sales w/e May 1st w/w: -0.9%; y/y: +3.7%
- (BR) Brazil Mar PPI Manufacturing M/M: 1.9% v 0.3% prior; Y/Y: 4.9% v 2.7% prior
- (US) Mar Trade Balance: -$51.4B v -$41.7Be
- (CA) Canada Mar Int'l Merchandise Trade: -C$3.0B v -C$0.8Be
- (US) Redbook Retail Sales w/e May 1st: +1.2% y/y, Apr MTD: +0.4%; Apr YTD: +1.6%
- (EU) Weekly ECB Forex Reserves: 272.9B v 272.5B prior
- (US) Apr Final Markit Services PMI: 57.4 v 57.8e; Composite PMI: 57.0 v 57.4 prior
- (US) Apr ISM Non-Manufacturing: 57.8 v 56.2e
- (US) May IBD/TIPP Economic Optimism: 49.7 v 50.0e

Sovereign bond yields keep moving higher this morning, with the 10-year UST yield momentarily testing above 2.2% in the wake of the ISM services data (it's back around 2.18% as of writing, while the 100-day MA is around 2.19). The 10-year bund rose back above 0.50%. Stocks are taking it on the chin, with the DJIA down 0.46%, the S&P500 is off 0.86% and the Nasdaq is down 1.16%.

The bond selloff really heated up again this morning. While the US trade data was distorted by the ports strike, the ISM services reading was unambiguously positive, with strong showings in the new orders and employment components. European yields are also shooting higher, with Greece headlines the probable source of selling pressure. Midway through the European session, EU Working Group Chief Wieser warned there would not be a deal at May 11's Eurogroup meeting. Greek, Spanish and Italian yields soared on the comments, while the DAX, CAC and FTSE slumped.

The US trade deficit rose 43% y/y to $51.5 billion in March (a six-month high), reflecting a surge of imports that followed the settlement of the West Coast port dispute. Exports edged up 0.9% to $187.8 billion, but imports leaped a record 7.7% to $239.2 billion. Economists say the numbers were less favorable than those used to calculate advance Q1 US GDP, however it remains unclear how much the imports will boost March inventory numbers and their impact on Q1 US GDP revisions. Inventory data could offset part or all of the GDP impact from the trade data. EUR/USD

WTI crude is up nearly two bucks this morning and testing $61 for the first time since last December, while Brent is above $68. There have been reports of Yemen rebels shelling the Saudi border town of Najran, prompting the Saudis to promise a strong response. Meanwhile, OPEC officials stated today that improved pricing over recent months means the cartel will most like maintain production quotas at the June 5th OPEC meeting.

In earnings, Estee Lauder is up 6% after the firm's earnings beat expectations on much improved profit margins. Sprint's headline numbers were a bit disappointing, but its widely watched churn rates improved, helping the stock add a few percent earlier, although S has given up all its gains. Emerson Electric is down 2% after missing expectations and cutting its FY guidance. Disney is up modestly on an all-around solid report. Kellogg is off 2% on shrinking revenue.

***Looking Ahead***
- 12:40 (US) Fed's Lockhart speaks on Monetary Policy in Louisiana
- 13:00 (UR) Ukraine Apr CPI M/M: No est v 0.7% prior; Y/Y: No est v 7.6% prior
- 17:00 (CO) Colombia Mar Exports FOB: $3.2Be v $3.2B prior
- 17:00 (CO) Colombia Feb Economic Activity Index (Monthly GDP) Y/Y: 2.8%e v 3.0% prior
- 19:01 (UK) Apr BRC Shop Price Index Y/Y: No est v -2.1% prior
- 20:00 (US) Fed's Kocherlakota holds Open Forum in Marshall, Minnesota
- 20:00 (CO) Colombia Apr CPI M/M: 0.4%e v 0.6% prior; Y/Y: 4.4%e v 4.6% prior
- 20:00 (CO) Colombia Apr CPI Core M/M: No est v 0.4% prior; Y/Y: No est v 3.5% prior
- 21:30 (AU) Australia Mar Retail Sales M/M: 0.4%e v 0.7% prior
- 21:45 (CN) China Apr HSBC Services PMI: No est v 52.3 prior; Composite PMI: No est v 51.8 prior
- 22:30 (HK) Hong Kong Apr HSBC Services PMI: No est v 49.6 prior


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