User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday August 14, 2008 - 20:56:59 GMT
Reuters -

Share This Story:
| | Email

Forex Market News - Canadian dollar ends down with oil; bonds rise

Thu Aug 14, 2008 4:45pm EDT
 * Canadian dollar win streak halted at 2 sessions
 * Influential Canadian data due next week
 * Bonds rally on concerns about economic growth
 By Frank Pingue
 TORONTO, Aug 14 (Reuters) - The Canadian dollar handed back
early gains to close modestly lower against the U.S. dollar for
the first time in three sessions on Thursday due to weaker oil
prices and data that showed signs of higher U.S. inflation.
 Domestic bond prices, lacking any key Canadian economic
data for direction, rose alongside the U.S. Treasury market as
nagging concerns about global growth kept investors hungry for
secure assets like government debt.
 The Canadian dollar closed at C$1.0633 to the U.S. dollar,
or 94.05 U.S. cents, down from C$1.0625 to the U.S. dollar, or
94.12 U.S. cents, at Wednesday's close.
 Early in the session, the currency rallied to C$1.0564 to
the U.S. dollar, or 94.66 U.S. cents, but then trickled lower
after a higher than expected reading on U.S. consumer price
inflation boosted the greenback.
 Since Canada is a key oil exporter, the slide in crude
prices was another drag for the currency, which tumbled earlier
this week to its lowest level in nearly a year. September crude
futures closed at $115.01 a barrel in New York.
 "We've seen quite a bit of a chop in oil prices over the
last little while and the renewed selloff today has dragged the
commodity (currencies) down this afternoon," said Shaun
Osborne, a strategist at TD Securities.
 Osborne now expects the Canadian dollar, which soared 17.5
percent in 2007 to more than US$1.10, will fall to C$1.1490 to
the U.S. dollar, or 87 U.S. cents, by the second half of 2009.
 Domestic manufacturing sales data is due on Friday, but the
economic calendar will draw greater attention next week with
the June wholesale trade report on Tuesday, June retail sales
data on Wednesday and the July consumer price index release on
 These reports should give market participants some insight
into the Bank of Canada's upcoming interest rate decisions. Its
last three policy announcement dates this year are Sept. 3,
Oct. 21 and Dec 9.
 Market players have reversed some of the more aggressive
bets for interest rate cuts by the Bank of Canada, HSBC Canada
economist Stewart Hall said in a note on Thursday. Chances for
a rate cut have been pared back to a one-in-four probability
over the course of the week, Hall said.
 Overseas data did little to ease concerns about global
growth, providing a lift for bond prices.
 The European Union's Eurosat office estimated on Thursday
that the 15-nation euro zone economy shrank by 0.2 percent in
the second quarter, with the economies of heavyweights France
and Germany falling 0.3 percent and 0.5 percent, respectively.
 Even the bigger than expected 0.3 percent rise in U.S. core
consumer price index was not enough to spoil the bond rally.
 "I think the bond market looked through that completely,"
said Michael Gregory, senior economist at BMO Capital Markets.
 "Not only is headline inflation going to come down, but the
reason core (inflation) was a surprise was because of areas
that will probably get heavily discounted as consumer spending
 The two-year bond rose 1 Canadian cent to C$101.68 to yield
2.777 percent. The 10-year bond climbed 19 Canadian cents to
C$105.34 to yield 3.597 percent.
 The yield spread between the two-year and 10-year bond was
82 basis points, down from 83.5 basis points at the previous
 The 30-year bond added 36 Canadian cents to C$116.66 for a
yield of 4.017 percent. In the United States, the 30-year
treasury yielded 4.524 percent.
 The three-month when-issued T-bill yielded 2.52 percent, up
from 2.49 percent at the previous close.

© Thomson Reuters 2008. All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters and its logo are registered trademarks or trademarks of the Thomson 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 9 July 2018
AA 12:00 EZ- Draghi EU Parliament Testimony
Tue 10 July 2018
AA 08:30 GB- Ind/Prod Output, Trade
AA 09:00 DE- ZEW Survey
Wed 11 July 2018
A 12:30 US- PPI
A 14:00 CA- Bank Of Canada Decision
A 14:30 US- EIA Crude
Thu 12 July 2018
AA 12:30 US- CPI
Fri 13 July 2018
A 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