User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Monday February 25, 2008 - 23:59:45 GMT
FXCM - www.dailyfx.com

Share This Story:
| | Email

Forex Research - Equities Accelerate, Carry Trades Take Off

Written by Kathy Lien, Chief Strategist

• Good Data Has Limited Impact on the US Dollar
• New Zealand Dollar Breaks 22 Year High, Carrying Australian and Canadian Dollars Higher

Equities Accelerate, Carry Trades Take Off
Another volatile day has hit the equity markets which have led to sharp moves in currencies. News that Ambac and MBIA are off credit watch by Standard and Poor’s is the primary catalyst behind the move. The US dollar has strengthened alongside the other Japanese Yen crosses but the biggest mover was the Canadian dollar against the Japanese Yen, which has rallied close to 300 pips. The move in stocks is impressive, especially considering that the Dow jumped over 100 points in less than 10 minutes and ended the day up close to 200 points. Risk appetite has returned to the markets and we have seen strong upside breakouts in many of the Yen crosses. There could actually be universal continuation in the Yen crosses which is something that we have not seen in a very long time. Over the past few weeks, there have been many days where pairs like the AUD/JPY and EUR/JPY would climb higher but USD/JPY or GBP/JPY would sell off. Japanese small business confidence is due for release tomorrow. Confidence among this group has been weak for sometime and we do not expect this to change. Meanwhile the London Times reported that China’s Sovereign Wealth Fund is looking to invest $10 billion into Tokyo listed stocks. If this goes through, it could give a temporary boost to the Japanese Yen. 

Visit the Japanese Yen Currency Room for resources dedicated specifically to the Euro.

Good Data Has Limited Impact on the US Dollar
Existing home sales fell less than expected in the month of January, which has helped the stock market rally and the US dollar rise against the Japanese Yen. However the dollar’s recovery was limited to only the Yen and Swiss Franc because of the market’s focus on risk appetite and problems within the existing home sales report. Not only have sales been negative for the sixth consecutive month, but inventory is building and the median price of homes continues to fall. The Case Shiller index of home prices, which are due for release tomorrow should confirm that house prices are declining. Tomorrow we are expecting producer prices and the consumer confidence report. It will be interesting to see if the dollar also fails to respond to a rise in inflation. With food and import prices on a tear, producer prices should also reflect growing inflationary pressures. Will this matter to the Federal Reserve? That is the question that Bernanke will answer in his testimony to the Senate and House on Wednesday and Thursday. We expect the dollar to rally on the back of stronger inflation numbers but weaker consumer confidence could cap the currency’s rise. Also, stronger inflation will not prevent the Federal Reserve from cutting interest rates again next month, but it could reduce the probability of a 50bp rate cut and increase the chance that the Fed will cut by 25bp instead.

New Zealand Dollar Breaks 22 Year High, Carrying Australian and Canadian Dollars Higher
Extending its impressive rise for the eighth consecutive trading day, the high flying New Zealand dollar has hit a 22 year high above 81 cents. This is the first time that we have seen the currency trade at these levels since it was freely floated in 1985 and the most bizarre part of the move is the fact that it was not driven by any economic data or news, Instead, yield, risk appetite, commodity prices and Uridashi issuance have been the primary catalysts for the latest move. With 8.25 percent interest rates, it was just a matter of time before the New Zealand dollar manages to catch up with the Australian dollar. For more on the Kiwi, read our special report Can the New Zealand Dollar Sustain its Rally Beyond a 22 Year High. As for the Australian and Canadian dollars, they have been carried higher by the Kiwi even though today’s news should have exerted more pressure on those currencies. The US Treasury announced today that it supports limited gold sales by the IMF, but the fact that these are not likely to be permanent means that the impact on the Australian dollar should be minimal. The IMF also lowered their growth projections for Canada to 1.8 percent, which is pretty much in line with the pace of growth that is expected in the Eurozone and US.

Tell us what you think on the Canadian dollar Forum.

Euro: Hanging onto Gains, Watch the German IFO Report
The Euro was left out of the action in the currency market today, but don’t expect the calm to continue tomorrow with the German GDP and IFO report due for release. Business confidence is expected to decline due to the slowdown in the global economy but we believe that confidence could improve with manufacturing PMI stronger than expected in January and the preliminary Eurozone PMI numbers surprising to the upside. The GDP numbers are final figures, so no revisions are expected, but comments from Bundesbank vice president Franz-Christoph Zeitler suggest that any revisions could be to the upside. In his speech he painted an optimistic picture of the German economy despite mixed economic data.

 Visit the Euro Currency Room for resources dedicated specifically to the Euro.

British Pound: Rally Getting Tired?
It has been a quiet day for the British pound with only one significant economic indicator released, BBA loans for house purchase which increased to 44288 from previous results of 42088. Hometrack house prices also increased 1.4 percent, but this was the lowest yearly rise since April 2006. Tomorrow the UK economic calendar is light with only the CBI distributive trades survey due for release. This indicator is generally a good barometer for retail sales which means that it could cause some action in the British pound. However the rally in the currency is looking tired and it will be interesting to see if the move will continue. This week we have a lot of potentially market moving UK economic data so stay on top of the data calendar.

Visit the British Pound Currency Room for resources dedicated specifically to the Euro.

daily225-01daily225-02

daily225-03

 

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."



Elevate Your Trading With The Amazing Trader!

The Amazing Trader includes:
  • Actionable trading levels delivered to YOUR charts in real-time.
  • Live trading strategy sessions.
  • Market Updates with Trading Tools.

Register To Test Your Amazing Trader


Trading Ideas for 11 December 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:

Tue 12 Dec
09:30 GB- CPI
10:00 GB- ZEW Survey
13:30 US- PPI
Wed 13 Dec
00:30 AU- Employment
09:30 GB- Unemployment
13:30 US- CPI
15:30 US- EIA Crude
19:00 US- Fed Decision
Thu 14 Dec
07:30 CH- SNB Decision
All Day- Global- flash PMIs
12:00 GB- Bank of England Decision
12:45 EZ- ECB Decision
13:30 US- Retail Sales
13:30 US- Weekly Jobless
14:45 US- Industrial Production

Forex Trading Outlook


Potential Trading Opportunities

  • POTENTIAL PRICE RISK: Mediun Tue--10:00 GMT-- DE- ZEW. Second Tier Sentiment Survey
  • POTENTIAL PRICE RISK: HIGH-Medium Tue--13:30 GMT-- US- PPI

  • POTENTIAL PRICE RISK: HIGH-Medium Wed--09:30 GMT-- GB- Employment
  • POTENTIAL PRICE RISK: HIGH Wed--13:30 GMT-- US- CPI
  • POTENTIAL PRICE RISK: Medium Wed--15:30 GMT-- US- EIA Crude
  • POTENTIAL PRICE RISK: High Wed--19:00 GMT-- US- Fed Decision


  • POTENTIAL PRICE RISK: HIGH- Thu --00:30 GMT-- AU- Employment
  • POTENTIAL PRICE RISK: Medium- Thu --All day-- global- flash PMIs
  • POTENTIAL PRICE RISK: HIGH-Medium- Thu --07:30-- CH- Swiss National Bank Decision
  • POTENTIAL PRICE RISK: HIGH-Medium- Thu --09:30-- GB- Retail Sales
John M. Bland, MBA
co-founding Partner, Global-View.com EXCLUSIVE: Global-View Daily Trading Chart Points Updated

EXCLUSIVE: Global-View Free Forex Database updated




TRADER ADVOCACY ARTICLES

Trader's Advocate Articles..

pic

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 Global-View.com.

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

Global-View.com 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 Global-View.com. 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.

 

WARNING: FOREIGN EXCHANGE TRADING AND INVESTMENT IN DERIVATIVES CAN BE VERY SPECULATIVE AND MAY RESULT IN LOSSES AS WELL AS PROFITS. FOREIGN EXCHANGE AND DERIVATIVES TRADING IS NOT SUITABLE FOR MANY MEMBERS OF THE PUBLIC AND ONLY RISK CAPITAL SHOULD BE APPLIED. THE WEBSITE DOES NOT TAKE INTO ACCOUNT SPECIAL INVESTMENT GOALS, THE FINANCIAL SITUATION OR SPECIFIC REQUIREMENTS OF INDIVIDUAL USERS. YOU SHOULD CAREFULLY CONSIDER YOUR FINANCIAL SITUATION AND CONSULT YOUR FINANCIAL ADVISORS AS TO THE SUITABILITY TO YOUR SITUATION PRIOR TO MAKING ANY INVESTMENT OR ENTERING INTO ANY TRANSACTIONS.

Copyright ©1996-2014 Global-View. All Rights Reserved.
Hosting and Development by Blue 105