User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Monday May 11, 2015 - 12:25:41 GMT
Trade the News Staff -

Share This Story:
| | Email EU Mid-Market Update: EU officials stress need to see real progress being made on Greece at today's Eurogroup meeting

Mon, 11 May 2015 5:20 AM EST

- China PBoC cuts its key 1-year rates for third time in six months over growth and inflation concerns
- Eurogroup meets on Greece today; no agreement seen on Greece but stresses progress needs to be seen
- IMF said to be making contingency plan for possible Greek default

**Economic data***
- (SE) Sweden Apr PES Unemployment Rate (beat): 3.8% v 3.9%e
- (DK) Denmark Mar Current Account Balance (DKK): 2.9B v 1.8Be; Trade Balance (ex-shipping): 8.5B v 7.0Be
- (DK) Denmark Mar CPI M/M: 0.1% v 0.1%e; Y/Y: 0.5% v 0.6%e
- (NL) Netherlands Mar Manufacturing Production M/M: -1.4% v +1.7% prior; Y/Y: +1.6% v -0.2% prior; Industrial Sales Y/Y: -2.1% v -3.7% prior
- (NO) Norway Apr CPI M/M: 0.4% v 0.3%e; Y/Y: 2.0% v 2.0%e
- (NO) Norway Apr CPI Underlying M/M: 0.4% v 0.5%e; Y/Y: 2.1% v 2.2%e
- (GR) Greece Mar Industrial Production Y/Y: 5.0% v 1.9% prior

Fixed Income:
- (DK) Denmark rejected all bids in auction to sell 3-month Bills (1st time in 4 auctions)
- (ID) Indonesia sold total IDR11.8T vs. IDR Target in 3-month, 1-year, 10-year and 20-year bonds
- (NO) Norway sold NOK4.0B vs. NOK4.0B indicated in 10-month Bills; Yield: 0.89% v 0.89% prior, bid-to-cover: 2.32x v 2.93x prior

Indices [Stoxx50 -1%, FTSE 100 +0.3% at 7,068, DAX -0.5% at 11,647, CAC-40 -1.4% at 5,017, IBEX-35 -0.2% at 11,401, FTSE MIB -0.5% at 23,188, SMI -0.3% at 9,070, Athens Stock Exchange -3%,S&P 500 Futures -0.1% at 2,107]

- Market Focal Points/Key Themes: European equity markets open mixed following sharp gains seen on Friday, amid rise in bond yields and steeper curves; Greek banks open sharply lower ahead of eurogroup meeting; CAC-40 weighed down by Airbus; Shanghai Composite rallies 3% on PBOC rate cut; Supermarkets Delhaize and Ahold rise on merger speculation; Platinum miner Lonmin to cut 3,500 jobs; Event risks for the week include Italian bank earnings, Greek talks, German GDP, BoE inflation report and US retail sales

By Sector
- Industrials [Airbus AIR.FR -4% (concerns related to A400M crash); GEA Group G1A.DE +1% (raised outlook)
- Financials [Talanx TLX.DE +2.5% (Q1 results above ests)]
- Stoxx50 Sectors [Industrials -1.5%, Consumer Non-Cyclical -1.3%, Consumer Cyclical -1%, Financials -0.9%, Telecom -0.6%, Basic Materials -0.6%, Energy -0.4%, Utilities -0.3%; Technology +0.1%]

- EU said to be concerned over Greece's ability to pay IMF on Tuesday (**Note: Greece has a €772M payment due to the IMF on May11-12th and a €1.4B bill redemption on May 15th)
- ECB's Nowotny (Austria) reiterated view that ECB could be lender of last resort for banks but not countries . He reiterated discussion with Greece must bring results but would be premature to comment on today's Greek talks
- France Fin Min Sapin: Today Eurogroup meeting must show there has been progress on Greece; unlikely of any decisive outcome and that it could take 'days to weeks' needed for Greece agreement
- IMF's Ilyina: Poland Central Bank clearly has room to lower interest rates
- South Korea Fin Min Choi: Economic uncertainty is increasing
- China FX Regulator SAFE Annual Report expected stronger US dollar and possible US interest rate rise in H2 of 2015 . Expected current account surplus to continue in 2015 and would keep diversifying fx reserve investments in 2015.

- EUR/USD remained locked within recent weekly trading ranges ahead of a Eurogroup meeting on Greece later today. Renewed concern over Greece's future in the Eurozone remained a headwind for the Euro currency. No agreement is seen on Greece at this time but EU members are expecting progress to be evident in the negotiation process.
- The NOK currency (Krone) was softer as tepid April CPI data left the door open for a Norges rate cut in June
- NZD/USD currency pair was softer in Asia trading today as more analysts joined the bandwagon of looming rate cuts to come out of the RBNZ.
- Bond yields in Europe resume their uptrend. German 10-year bund was back above 0.61% (higher by 7bps) while both Spain and Italy 10-year bonds were higher by almost 10bps

**Political/In the Papers:
- (GR) Greece Dep Foreign Min Tsakalotos (debt negotiation team): Reiterates view that Greece is very close to a deal with creditors
- (GR) IMF said to be working on contingency plan for possible Greek. In touch with national authorities in southeastern Europe for possible Greek default. Be preparing for potential default to agree on continued aid for Greece.
- (DE) Germany's euroskeptic AfD party said to have gained 5% of the vote in Bremen; On track to win seats in a fifth consecutive state parliament. Press reports also noted that Chancellor Merkel was under rising pressure from within her party to give up on Greece as euro would be strengthened if Greece exited
- (PL) Poland President Komorowski to face conservative candidate Duda in a run-off on May 24th

**Looking Ahead***
All times listed for economic events are denominated in Eastern Standard Time (Add 4 hours for GMT equivalent)
- (DE) G-7 Energy Ministers begin 2-day meeting in Hamburg
- 05:30 (DE) Germany to sell €2.0B in 6-month Bubills
- 06:00 (PT) Portugal Mar Trade Balance: No est v -€0.5B prior
- 06:00 (TR) Turkey to sell 2020 and 2025 bonds
- 06:30 (EU) NATO Sec Gen Stoltenberg press conference
- 06:45 (US) Daily Libor Fixing
- 07:00 (UK) BOE Interest Rate Decision: Expected to leave both Interest Rates and Asset Purchase Target (APT) unchanged at 0.50% and £375B respectively
- 07:00 (BR) Brazil May IGP-M Inflation 1st Preview: 0.5%e v 1.0% prior
- 07:30 (BR) Brazil Central Bank Weekly Economists Survey
- 08:00 (ES) Spain Debt Agency (Tesoro) announces size of upcoming auctions
- 08:15 (US) Baltic Dry Bulk Index
- 08:50 (FR) France Debt Agency (AFT) to sell combined €5.0-6.2B in 3-month, 6-month and 12-month Bills
- 09:00 (EU) Euro-Area Finance Ministers (Eurogroup) meet in Brussels
- 09:35 (EU) ECB calls for bids in 7-Day Main Refinancing Tender
- 09:45 (EU) ECB announces Covered-Bond Purchases
- 11:30 (US) Treasury to sell combined $48B in 3-Month and 6-Month
- 13:00 (EU) EU's De Kerchove speaks at Brussels Think Tank
- 16:00 (US) Crop Progress Report
- 18:00 (NZ) New Zealand Apr ANZ Heavy Truckometer M/M: No est v -0.4% prior
- 19:01 (UK) Apr BRC Sales Like-For-Like Y/Y: 0.6%e v 3.2% prior
- 21:00 (PH) Philippines Mar Exports: No est v $4.5B prior; Y/Y: -3.9%e v -3.1% prior
- 23:35 (JP) Japan to sell 6-Month Bill
- 23:45 (JP) Japan to sell 10-Year Bonds


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