User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday April 1, 2008 - 22:37:14 GMT
Reuters -

Share This Story:
| | Email

Forex Market News - Canadian dollar rises with North American tide

Tue Apr 1, 2008 5:06pm EDT
 By Frank Pingue
 TORONTO, April 1 (Reuters) - The Canadian dollar closed
higher versus a rallying U.S. dollar on Tuesday as writedowns
by big European banks put North American currencies back in
vogue ahead of key data due later this week.
 Canadian bond prices ended flat across the curve as plans
by financial companies to raise capital, viewed as a possible
sign that the worst of the credit crisis may be over, sapped
appetite for more secure assets like government debt.
 The Canadian dollar closed at US$1.0217 to the U.S. dollar,
or 97.88 U.S. cents, up from C$1.0265 to the U.S. dollar, or
97.42 U.S. cents, at Monday's close.
 It was a sudden turnaround for the Canadian dollar, which
closed the previous session at its lowest level in more than
two months because of weaker oil prices and nagging concerns
about a weak U.S. economy.
 But news that Swiss bank UBS (UBSN.VX: Quote, Profile, Research) and Deutsche Bank
took a combined $23 billion hit on their risky assets supported
the idea that the credit market problems are global and sparked
buying of North American currencies.
 "I think it's been more of a U.S.-dollar-based move as
being the primary catalyst," said George Davis, chief technical
strategist at RBC Capital Markets.
 "And I think in a secondary fashion we've seen the equity
markets do quite well today ... and I think that has allowed
levels of risk aversion to decrease and that's generally a
positive for the Canadian dollar as well."
 North American equity markets rallied, led by a 391-point
gain on the Dow Jones industrial average .DJI, after Lehman
Brothers Holdings Inc's (LEH.N: Quote, Profile, Research) decision to bolster its balance
sheet calmed worries about the financial sector's stability.
 The events overshadowed data released early in the session
that showed Canadian producer prices rose a
weaker-than-expected 0.1 percent in February.
 The Canadian dollar eased slightly after the data, but its
move was limited as investors were looking ahead to key March
employment data for Canada and the United States due out on
 The market will also look to see if Bank of Canada Senior
Deputy Governor Paul Jenkins veers from the bleak statement the
bank issued last month when he delivers a speech on "Trends and
challenges in the global economy and what they mean for Canada
and Ontario" in London, Ontario, on Wednesday morning.
 Canadian bond prices were flat as news that Lehman Brothers
said it would offer $4 billion worth of preferred convertible
stock lightened investor appetite for government debt.
 Sal Guatieri, senior economist at BMO Capital Markets, said
a sense that banks' capital positions are in better shape after
the Lehman news was the key factor behind lower bond prices.
 "And strong equity markets are sucking a lot of money out
of the bond market and the government market in particular,"
Guatieri added.
 But Guatieri also said bond markets could rally later this
week if the job reports, mainly the U.S. report, disappoint.
 The two-year bond fell 2 Canadian cent to C$102.36 to yield
2.781 percent. The 10-year bond rose 3 Canadian cents to
C$103.40 to yield 3.561 percent.
 The yield spread between the two- and 10-year bonds was
78.0 basis points, down from 81.1 points at the previous
 The 30-year bond rose 7 Canadian cents to C$116.65 to yield
4.024 percent. In the United States, the 30-year Treasury
yielded 4.402 percent.
 The three-month when-issued T-bill yielded 2.03 percent, up
from 1.89 percent at the previous close.
(Editing by Peter Galloway)

© Reuters 2007. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.


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