User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday December 11, 2007 - 14:11:57 GMT

Share This Story:
| | Email

Dollar slipped against majors currencies ahead of FOMC

News and Events:

The Dollar slipped against most major currencies on Monday for the third consecutive session, ahead of a today widely expected Federal Reserve interest-rate cut. Futures fully reflect a 0.25% easing in the fed funds rate to 4.25% from 4.50%. But chances of a bigger move have fallen to 20% from around 50% a week ago because of a string of somewhat stronger-than-expected economic data. EurUsd was up 0.38% at 1.4708. It got a boost last week after comments from European Central Bank President Jean-Claude Trichet left open the possibility of higher rates next year as a result of lingering inflation. UsdJpy was relatively unchanged at 111.67, above a 2-1/2-year low of around 107.20 yen hit last month. GbpUsd rose 0.56% to 2.0443. EurJpy rose 0.5% to 164.52. EurChf climbed 0.37% higher to 1.6597. In the past few weeks, the Dollar was supported by expectations of a 0.5% rate cut by the Fed, as dealers expected a kick start to the economy. However, persistent tightness in credit markets and lower expectations for such a big rate cut had left the dollar back in a familiar downward trend. Markets have recently pared back aggressive US rate-cut forecasts, with analysts citing considerably more "optimism" that Fed action will be enough to prevent more severe fallout from market volatility. A US government plan unveiled last week to limit potential mortgage defaults also stirred hopes that the economy's downturn will be contained. Meanwhile, central bank officials in the euro zone have given very few indications that they see the need for immediate stimulus and, if anything, are more concerned with upward price pressures. Comments on Monday by European Central Bank Executive Board Member Juergen Stark saying euro-zone inflation could be higher in 2008 than indicated in the ECB's latest projections last week also bolstered the view that the bank is not likely to ease any time soon.


Today's Key Issues (time in GMT):

09:30 GBP October Trade Balance £-7.4B vs $-7.75B
10:00 EUR December Germany ZEW current conditions 69 vs 70
10:00 EUR December Germany ZEW economic sentiment -34 vs -32.5
15:00 USD October Wholesale inventories 0.5% vs 0.8%
19:15 USD FOMC interest rate decision expected -0.25bp to 4.25%
23:50 October Current account 34.6% vs 40.4%
23:50 October Corp goods prices 2.1% vs 2.4% (YoY)

The Risk Today:

EurUsd Euro pulled back from Friday 23rd November record high 1.4967. Breaking down the 4-month Trendline support, it might return down to two weeks ago support on 1.4520. On the downside, only a return below 1.4500 and further drop to 1.4280 former resistance would threaten the last 4-month uptrend. This could open the way down toward 1.4000 nearby support and 1.4125 trendline support. Initial resistance holds 1.4723 former support.

GbpUsd Cable corrected Thursday down to 2.0181 testing the 2.0200 strong support. On the downside, renewed pressure might push below 2.0200 and toward 2.0000 psychological levels to complete the downtrend. On the upside, 2.0588 former support marks the resistance before 2.0833 Nov. 28th high.

UsdJpy Downtrend has end with November. Friday 30th November break up 110 level had put 114 into focus. This may open the way toward 117.63 resistance. On the downtrend, supports hold 106.50 June 2005 low and 101.68 January 2005 low. Initial support holds 110. Initial resistance holds 112.15 today high.

UsdChf Downtrend came to an end further to rebound on 1.0888 23rd November low. Market had found support on 1.1000 key level. Initial resistance holds 1.1353 yesterday high. It would also need a return over 1.1500 and 1.1640 level to relieve 6month bear threat. Initial support holds 1.1154 last week low.

Resistance and Support:

1.5000 K 2.0833 S 117.63 S 1.1640 T
1.4967 S 2.0588 M 114.00 P 1.1500 P
1.4723 M 2.0520 M 112.15 M 1.1353 M
1.4710 2.0480 111.95 1.1310
1.4520 M 2.0200 S 110.00 M 1.1154 M
1.4500 K 2.0181 M 107.50 K 1.1000 S
1.4280 S 2.0000 K 106.50 S 1.0888 K
S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot


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 to YOUR charts in real-time.

Register To Test Your Amazing Trader

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Tue 17 July 2018
AA 08:30 GB- Employment
A 13:15 US- Industrial Production
AA 14:00 US-Powell Testimony
Wed 18 July 2018
AA 08:30 GB- CPI
A 12:30 US- Housing Starts/Permits
AA 14:00 US-Powell Testimony
Thu 19 July 2018
AA 1:30 AU- Employment
AA 08:30 GB- Retail Sales
A 14:30 US- EIA Crude
A 12:30 US- Weekly Jobless
Fri 20 Jun 2018
A 12:30 CA- CPI/Retail Sales

John M. Bland, MBA
co-founding Partner,

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

Max McKegg's Daily Forex Trading Forecasts

Veteran FX Trader, Max McKegg, forecasts all the Major currencies and the Australasians; providing Daily and Medium Term Trading forecasts to subscribers, who include large Banks the world over, as well as individual traders in more than 30 different countries.

Request a TRIAL of Max's Forex Service.


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