User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday April 4, 2008 - 23:35:13 GMT
Reuters -

Share This Story:
| | Email

Forex Market News - Canadian dollar ends winning week on a lower note

Fri Apr 4, 2008 4:44pm EDT
 By Frank Pingue
 TORONTO, April 4 (Reuters) - The Canadian dollar closed
lower versus the U.S. dollar on Friday as data showed job
growth moderated in Canada in March after two solid months, but
the currency still ended the week with a 1.2 percent gain.
 Canadian bond prices finished higher across the curve as
the jobs report was followed by U.S. jobs data that persuaded
many investors that more aggressive interest rate cuts in the
United States will be needed to stimulate the economy.
 The Canadian dollar closed at C$1.0093 to the U.S. dollar,
or 99.07 U.S. cents, down from C$1.0044 to the U.S. dollar, or
99.56 U.S. cents, at Thursday's close.
 At one point in the session the Canadian currency fell to
C$1.0101 to the U.S. dollar, or 99.00 U.S. cents, but three
successive days of rises heading into the week's final session
proved enough to insure that it rose for a second straight
  Details of the Canadian March jobs report signaled a
softening jobs market and slowing economy, which supported
calls for another Bank of Canada rate cut when the bank next
sets interest rates on April 22.
 "The jobs report came in close to expectations but the
underlying details were even weaker with all of the strength
being in part-time jobs and full-time jobs actually declining
and offsetting part of that number," said David Powell,
currency analyst at IDEAglobal in New York.
 "We just had some further signs of a story that we already
knew about in Canada. The economy is weakening and the Bank of
Canada is going to continue to cut rates and that weighed on
the Canadian dollar."
 The Bank of Canada has cut its overnight lending rate by
100 basis since December to 3.50 percent, which narrowed the
gap with the U.S. Federal Reserve's 2.25 percent rate.
 Despite the Canadian dollar's overall gain for the week, it
is still stuck in a range, around U.S. dollar parity, that it
has occupied for the better part of four months.
 Powell said it will take a move below C$1.0115 by the
Canadian dollar for it to be considered out of that range.
 Canadian bond prices were higher as talk about further Fed
rate cuts persuaded investors to put their money in more secure
assets such as government debt.
 The U.S. data showed a third straight month of declines in
nonfarm payrolls, which managed to rein in recent talk that the
worst of the credit crisis has passed.
 "The report is just another indication that labor markets
remain weak ... and with that expectations are rising in terms
of the extent of further easing by the Fed," said Paul Ferley,
assistant chief economist at Royal Bank of Canada.
 "We just got this sort of this great pessimism about the
U.S. economy playing out in U.S. markets and it spilled over
into Canadian markets."
 Canadian economic data due next week include a building
permits report for February on Monday and housing starts
figures for March on Tuesday.
 The two-year bond rose 14 Canadian cents to C$102.06 to
yield 2.755 percent. The 10-year bond climbed 47 Canadian cents
to C$103.68 to yield 3.525 percent.
 The yield spread between the two- and 10-year bonds was
77.0 basis points, up from 74.7 basis points at the previous
 The 30-year bond rose 60 Canadian cents to C$117.15 to
yield 3.998 percent. In the United States, the 30-year treasury
yielded 4.312 percent.
 The three-month when-issued T-bill yielded 2.06 percent, up
from 2.05 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 31 July 2018
AA JP- Bank of Japan
A 06:00 DE- Retail Sales
A 09:00 EZ- flash HICP/GDP
AA 12:30 US- Core PCE Deflator
A 14:00 US- CB Consumer Confidence
Wed 1 Aug 2018
A Final Mfg PMIs
AA 12:15 US- ADP Private Payrolls
A 15:00 US- EIA Crude
AA 18:00 US- Federal Reserve Decision
Thu 2 Aug 2018
AA 11:00 GB- Bank of England Decision
A 13:30 US- Weekly Jobless
Fri 3 Aug 2018
A Final Services PMIs
AA 12:30 US- Employment
A 12:30 US/CA- Trade

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