User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday May 27, 2015 - 10:35:08 GMT
Trade the News Staff -

Share This Story:
| | Email EU Mid-Market Update: ECB keeps its ELA funding for Greece banking sector unchanged for 1st time in over 3 months

 Wed, 27 May 2015 5:22 AM EST

- G7 finance ministers and central bankers begin 3-day meeting in Germany
- BOJ Minutes show continued rift among Board members
- German consumer confidence hits fresh 14-year high
- ECB said to have kept its ELA funding for Greece unchanged at €80.2B (1st time in over 3 months it has not been raised)

**Economic data***
- (JP) Japan May Small Business Confidence: 48.1 v 48.0e
- (DE) Germany Jun GfK Consumer Confidence (beat): 10.2 v 10.0e (highest since Oct 2001)
- (CH) Swiss Apr UBS Consumption Indicator: 1.25 v 1.34 prior
- (FI) Finland May Consumer Confidence Index: 15.5 v 11.4 prior; Business Confidence: -11 v -10 prior
- (FI) Finland Apr Unemployment Rate: 10.3% v 10.3% prior
- (FI) Finland Apr House Price Index M/M: 0.2% v 1.1% prior; Y/Y: -1.0% v -2.2% prior
- (FR) France May Consumer Confidence (miss): 93 v 95e
- (SE) Sweden May Consumer Confidence (beat): 98.8 v 98.5e; Manufacturing Confidence (beat): 100.5 v 97.2e; Economic Tendency Survey: 101.4 v 100.9e
- (SE) Sweden Apr Trade Balance (SEK): 5.7B v 4.0Be

Fixed Income:
- (EU) EFSF opened its book to sell €2.25B in Nov 2019 bonds; guidance seen at -12bps to mid-swaps
- (IN) India sold total INR150B vs. INR150B indicated in 3-month and 12-month in Bills
- (NO) Norway sold NOK3.0B vs. NOK3.0B indicated in 1.75% 2021 bond; Avg Yield: 1.23% v 1.05% prior; Bid-to-cover: 3.11x v 4.00x prior
- (EU) ECB allotted $0.0M in 7-day USD Liquidity Tender at fixed 0.62% vs. $0.0M prior
- (IT) Italy Debt Agency (Tesoro) sold €6.0B vs. €6.0B indicated in 6-month Bills; Avg Yield: 0.004% v 0.00% prior; Bid-to-cover: 1.94x v 1.80x prior
- (SE) Sweden sold total SEK17.5B vs. SEK17.5B indicated in 3-month and 6-month Bills

Indices [Stoxx50 +0.4%, FTSE 100 +0.6% at 6,991, DAX +0.2% at 11,652, CAC-40 +0.6% at 5,110, IBEX-35 +0.6% at 11,302, FTSE MIB +0.7% at 23,500, SMI +0.5% at 9,320, Athens Stock Exchange +0.7%, S&P 500 Futures flat at 2,104]

- Market Focal Points/Key Themes: European equity markets open mostly higher following declines on Tuesday, European core government bond prices open slightly lower; Upcoming German 30-year bond auction and weekly ECB decision on ELA for Greek banks in focus

By Sector
- Consumer Discretionary [De La Rue DLAR.UK -8% (FY sales below ests, cut dividend) ]
- Financials [Generali G.IT +1% (issued 2018 targets)]
- Stoxx50 Sectors [Utilities -0.5%, Consumer Cyclical -0.4%, Financials -0.3%; Telecom +0.6%, Technology +0.3%, Industrials +0.2%, Basic Materials +0.1%, Consumer Non-Cyclical +0.1%, Energy +0.1%]

- ECB said to have kept its ELA funding for Greece unchanged at €80.2B and also left haircut on Greece collateral unchanged
- German officials said to be optimistic that Greece will make the upcoming €300M IMF payment due on Jun 5th
- Head of German Govt advisors (aka. 'wisemen') Christoph Schmidt: Greece contagion risk has diminished compared to a few years ago
- France Labor Min Rebsamen: 2015 will be better for employment than 2014
- Sweden Central Bank (Riksbank) Risk Survey noted that financial markets were functioning well but did have increasing concerns over monetary policy risks
- South Africa Deputy Gov Groepe: Monetary policy normalization should occur. Saw upside risks to inflation outlook while power outages were contributing to low business confidence. Thus he saw a challenging outlook for monetary policy (high inflation/low growth)
- Japan Cabinet Office (Govt) May Monthly Economic Report maintained its overall assessment that the domestic economy was recovering with improvement in corporate sector
- Japan BOJ Dep Gov Iwata: Best if FX rate reflects economy (fundamentals) and moves in a stable fashion
- Japan Fin Min Aso reiterated view that fx volatility was undesirable. Sudden movements in FX was not desirable
- Japan Economy Min Amari: Reiterates rapid fx moves are undesirable; moderate fx movements important

- The USD consolidated some of its recent gains during the European session.
- The EUR/USD regained a foothold above the 1.09 level after falling by approx. 4% over the last week and hitting one-month low on Tuesday.
- The USD/JPY hovered just off its recent 8-year high at 123.32 ahead of a G7 meeting in Germany. Various Japanese politicians and central bankers reiterated standard G7 rhetoric that it was best if FX rate reflected fundamentals and moves in a stable fashion

**Political/In the Papers:
- (ES) Spanish Govt is seeking expansion of ECB's mandate; proposes changes to take place in 2017-2019. ECB should prevent macroeconomic divergence among countries as well as price stability

**Looking Ahead***
All times listed for economic events are denominated in Eastern Standard Time (Add 4 hours for GMT equivalent)
- (DE) G7 Finance Ministers and Central Bank Chiefs begin 3-day meeting in Dresden
- (UK) State Opening of U.K. Parliament
- (EU) ECB allotment in 3-month LTRO Tender at fixed 0.05% vs. €45.8Be
- 05:30 (DE) Germany to sell €2.0B in 2.5% 2046 Bunds
- 05:30 (UK) DMO to sell £700M in 0.125% I/L 2058 Gilts
- 05:30 (PT) Portugal Debt Agency (IGCP) to sell €1.75-1.0B in Apr 2021 OT bond
- 05:30 (SE) Sweden Central Bank (Riksbank) Dep Gov Floden
- 06:00 (IE) Ireland Apr Property Prices M/M: No est v 0.9% prior; Y/Y: No est v 16.8% prior
- 07:00 (US) MBA Mortgage Applications w/e May 22nd: No est v -1.5% prior
- 07:00 (RU) Russia to sell RUB20B in 2019 and 2025 OFZ bonds
- 07:30 (CL) Central Bank's Traders Survey
- 07:45 (US) Chain Store Sales
- 08:15 (US) Baltic Dry Bulk Index
- 08:55 (US) Weekly Redbook Sales
- 09:00 (BE) Belgium May Business Confidence: -5.7e v -6.2 prior
- 09:30 (BR) Brazil Apr Total Outstanding Loans (BRL): 3.076Te v 3.060T prior; Y/Y: No est v 1.2% prior; Personal Loan Default Rate: 5.2%e v 5.2% prior
- 10:00 (CA) Bank of Canada (BOC) Interest Rate Decision: Expected to leave Interest Rate unchanged at 0.75%
- 11:30 (US) Treasury to sell 4-Week and 52-Week Bills
- 11:30 (US) Treasury to sell $13B in 2-Year Floating Rate Notes Reopening
- 13:00 (US) Treasury to sell $35B in 5-Year Notes
- 16:30 (US) Weekly API Oil Inventories
- 19:50 (JP) Japan Apr Retail Sales M/M: +1.1%e v -1.8% prior (revised from -1.9%); Retail Trade Y/Y: +5.5%e v -9.7% prior; Large Retailers' Sales: +9.1%e v -13.0% prior
- 22:00 (PH) Philippines Q1 GDP Q/Q: 1.4%e v 2.5% prior; Y/Y: 6.6%e v 6.9% prior
- 23:35 (JP) Japan to sell 3-Month Bills
- 23:45 (JP) Japan to sell 2-Year Bonds
- (BR) Brazil May CNI Consumer Confidence: No est v 99 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
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 ©1996-2014 Global-View. All Rights Reserved.
Hosting and Development by Blue 105