User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday April 3, 2008 - 01:24:20 GMT
Reuters -

Share This Story:
| | Email

Forex Market News - Canadian dollar rides commodities to 2-week high

Wed Apr 2, 2008 4:43pm EDT
 By Frank Pingue
 TORONTO, April 2 (Reuters) - The Canadian dollar jumped to
its highest closing level in two weeks versus the U.S. dollar
on Wednesday as prices for key Canadian exports such as oil and
gold rebounded.
 Canadian bond prices followed U.S. Treasuries lower across
the curve as testimony from U.S. Federal Reserve Chairman Ben
Bernanke left investors thinking the central bank may soon back
away from aggressive interest rate cuts.
 The Canadian dollar closed at C$1.0136 to the U.S. dollar,
or 98.66 U.S. cents, up from C$1.0217 to the U.S. dollar, or
97.88 U.S. cents, at Tuesday's close.
 Getting the credit for the commodity-linked Canadian
dollar's rally was a rally in oil prices above $104 a barrel
and a rebound in gold prices from the two-month low that was
reached on Tuesday.
 Also helping the currency's rise was a slide on U.S. stock
markets, while the Toronto Stock Exchange's main index stuck
 "It's been a day where initially the U.S. dollar tried to
go a little bit higher as it was sort of a feel good for North
America," said Steve Butler, director of foreign exchange
trading at Scotia Capital.
 "But after the U.S. stock markets faded, the TSE hung on
and we saw the U.S. dollar back off a bit and Canada has
managed to hang in very well."
 A speech early on Wednesday by Bank of Canada Senior Deputy
Governor Paul Jenkins did not affect the Canadian dollar as he
repeated comments the bank made last month when it cut interest
 Jenkins offered no clue on whether the central bank's
thinking on interest rates had changed, and singled out a
sluggish U.S. economy as the biggest economic challenge for the
rest of the world. He also stressed the need to keep inflation
low, stable and predictable.
 Key March jobs data due out of the United States and Canada
on Friday could open the door to another Canadian dollar rally,
especially if the number from the United States, Canada's key
trading partner, is solid.
 "You know what markets are like and if we do see some more
positive news out of the U.S., people will start grasping at
straws here hoping that things have turned the corner in the
U.S.," Butler said.
 "I think it's clearly too soon to say that, but we all live
in hope that things aren't maybe as bad in the U.S., or that
the worst is behind us now, and we can start to look ahead to
brighter times."
 Canadian bond prices were pinned lower as Bernanke said
U.S. growth should pick up later this year as interest rate
cuts and other emergency steps take root.
 Those comments overshadowed Bernanke's comment that the
U.S. economy may slip into recession during the first half of
 "Once again it's the notion that the Fed's more than
willing to come to rescue in the financial sector and do
whatever it takes to ease any systemic risks," said Mark
Chandler, fixed income strategist at RBC Capital Markets.
 "That overwhelmed the fact that the Fed continues to see a
very challenged outlook and possibly recession in the first
half of the year."
 Also weighing on bond prices was U.S. data released earlier
in the session that showed the U.S. private sector unexpectedly
added jobs in March.
 The data on the private sector followed months of grim
economic data out of the United States and offered a touch of
optimism about the health of the U.S. economy.
 The two-year bond dropped 22 Canadian cents to C$102.15 to
yield 2.906 percent. The 10-year bond fell 51 Canadian cents to
C$102.86 to yield 3.629 percent.
 The yield spread between the two- and 10-year bonds was
72.3 basis points, down from 78.0 points at the previous
 The 30-year bond fell 48 Canadian cents to C$116.10 to
yield 4.053 percent. In the United States, the 30-year Treasury
yielded 4.404 percent.
 The three-month when-issued T-bill yielded 2.05, up from
2.03 percent at the previous close.

© 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

Mon 19 Mar 2018
Tue 20 Mar 2018
AA 9:30 GB- CPI
A 10:00 DE- ZEW Survey
Wed 21 Mar 2018
AA 03:00 AU- Employment
AA 9:30 GB- Employment
A 12:30 US- Current Account
AA 14:00 US- Existing Homes Sales
A 14:30 US- EIA Crude
A A 18:00 US- Fed Rate Decision
A 21:00 NZ- RBNZ Rate Decision
Thu 22 Mar 2018
AA All Day flash PMIs
AA 9:30 GB- Retail Sales
AA 12:00 GB- Bank Of England Decision
A 13:30 US- Weekly Jobless
Fri 23 Mar 2018
AA 12:30 CA- CPI/Retail Sales
A 12:30 US- Durable Goods
A 14:00 US- New Homes Sales

John M. Bland, MBA
co-founding Partner,
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.



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