User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday July 15, 2008 - 22:02:11 GMT

Share This Story:
| | Email

Forex Research - US Dollar Hits Record Lows: What Could Stop the Bleeding?

• Euro Hits Record Highs as German Investor Confidence Falls to a Record Low
• British Pound Hits 3 Month High on Record CPI

US Dollar Hits Record Lows: What Could Stop the Bleeding?

The US dollar hit a record low against the Euro as risk aversion continues to seep through the global markets.  Stock markets have sold off around the world on the fear that another financial market crisis could be right around the corner.  Despite the Federal Reserve and US Treasury’s attempts to assuage the markets, traders are skeptical about whether the proposals they have offered and the measures that they have taken thus far are enough.  The primary theme across the markets is a reduction of risk.  The sharp intraday reversal in oil prices was due entirely to one bank taking risk off the table as most commodity market bets have been to the long side.  The CBOE’s Volatility Index (VIX) also continues to climb, confirming that traders are nervous.  In his testimony on the economy and monetary policy, Bernanke grew more concerned about growth but remained critical of inflationary pressures.  He expects growth in the second half of the year to be “appreciably below trend” as weakness continues to hit various sectors of the US economy.  Retail sales last month was much weaker than the market expected, with spending rising by only 0.1 percent.  Stripping out gasoline receipts, retail sales actually dropped 0.5 percent.  Discretionary spending has been seriously hurt by higher gasoline prices and a weak labor market, forcing consumers to cut back on purchases of cars, electronics, furniture and even food.  However underscoring the Fed’s difficulties continues to be strong inflationary pressures.  Last month, producer prices grew by the fastest pace on an annualized basis since 1981.  The troubles in the financial sector have extended beyond Fannie Mae and Freddie Mac – the bigger fear right now is a repeat of IndyMac and Bear Stearns.  Given current market conditions, forget about a rate hike this year.  It is time for Bernanke to shift his focus from inflation back to supporting the financial markets and growth. What could stop the bleeding in the US dollar? A big surprise from the US government.  At the end of the day, the Bush Administration will come up with something.  It is clear that the government’s priority is to return stability to the financial markets.  President Bush said this morning that the government has the power to expedite a recovery.  Bernanke added that additional stimulus must be timely, albeit temporary.  What the Administration needs to do is to restore confidence in the US financial markets and banking sector.  Viable long term solutions include nationalization of the GSEs, give debt holders a haircut on rates, or a managed bailout in which stockholders, creditors, taxpayers jointly share the bill (these proposals are from Nouriel Roubini’s RGE Monitor).  Meanwhile expect more potentially market moving US data tomorrow including consumer prices, industrial production, and the minutes from the last Fed meeting.

Euro Hits Record Highs as German Investor Confidence Falls to a Record Low

It is ironic that the euro soared to a record high even though German investor confidence hit a record low.  The German ZEW survey, of analyst sentiment has been skewed towards pessimism for months, but the combination of the recent rate hike, surging inflationary pressures and weaker domestic and global growth sent confidence tumbling.  Eurozone growth should weaken further in the coming weeks, especially with the Euro climbing to a new record high.  The ECB has been mute about intervention but if oil prices continue to fall, they will probably start entertaining the notion.  However for the time being, it is the US dollar that is driving the currency pair.  Eurozone consumer prices are due for release tomorrow and Switzerland will be releasing their retail sales report.  The market expects consumer spending to rise, which could lift the Swiss Franc for no other reason than the fact that the country could be doing comparably better than many other G10 nations.

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

British Pound Hits 3 Month High on Record CPI

The British pound strengthened against the US dollar and Euro as consumer prices hit a record high.  Producers are passing on their highest costs to consumers because the rise in prices is not just limited to food and energy.  This was much stronger than the market expected and well above the Bank of England’s 2 percent target.  The annualized pace of CPI growth has now hit 3.8 percent.  The BoE has already warned that inflation could rise above 4 percent.  Meeting this prediction will not be enough to force the BoE to raise rates.  House price growth remains near a 30 year low while retail sales took another dive in the month of June.  UK labor market data is due for release tomorrow which could determine whether the British pound will hold onto its impressive gains. 

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

Australian Dollar Hits New 25 Year Highs, Bank of Canada Leaves Rates Unchanged

The Australian, New Zealand and Canadian dollars continue to gain strength on bullish economic reports and US dollar weakness.  The Bank of Canada left interest rates unchanged at 3 percent, which was right in line the market’s expectations but the BoC grew slightly more concerned about inflationary pressures.  However like the BoJ, the BoC will not be altering interest rates anytime soon because US economic weakness and the ongoing turbulence in the global financial markets are keeping their hands tied.  The New Zealand dollar was one of the market’s best performing currencies thanks to a sharp rise in consumer prices.  CPI grew by the fastest pace in 18 years. 

Tell us what you think on the Canadian dollar Forum.

Japanese Yen Crosses: All Under Water

The volatility in US stocks has weighed on all of the Japanese Yen crosses. The Bank of Japan left interest rates unchanged at 0.50 percent, which was right in line with the market’s expectations, but they cut their economic forecast and raised their inflation projections.  This had no impact on the Yen crosses however, which traded primarily on the wild swings in US equities.

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




By Kathy Lien, Chief Strategist of

Contact Kathy Lien about this article at [email protected]




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 10 Sep 2018
AA 08:30 GB- GDP, Trade, Output
Tue 11 Sep 2018
AA 08:30 GB- Employment Decision
A 09:00 DE- ZEW Survey
Wed 12 Sep 2018
A 12:30 US- PPI
A 14:30 US- EIA Crude
A 18:00 US- Beige Book
Thu 13 Sep 2018
A 1:30 AU- Employment
AA 11:00 GB- Bank of England Decision
AA 11:45 EZ- European Central Bank Decision
A 12:30 US- Weekly Jobless
AA 12:30 US- CPI
Fri 14 Sep 2018
A 08:30 GB- GDP
AA 12:30 US- Retail Sales
A 13:15 US- Industrial Production
AA 14:00 US- prelim University of Michigan

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