User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday October 15, 2008 - 16:58:07 GMT
Larry Greenberg -

Share This Story:
| | Email

Spotlight Back on Growth Indicators

I sense a re-shifting focus in the marketplace back to indicators of economic growth.  Previously since the failure of Lehman, the breakdown of the credit markets and flurry of official measures to address banking problems were commanding center-stage.  The slide of global markets, where accrued losses since September 12th total 21.0% on the DJIA, 22.0% on the DAX, 24.6% on the Ftse and 21.8% on the Nikkei, naturally remain an important sideshow, but the direction of causality between stocks and projected growth is now fully two-way.  Fear is now directed at the drumbeat of bad economic indicators that lies ahead.

Qualitatively, it has become fashionable to predict the worst recession in a generation and perhaps since the 1930’s.  Quantitative projections, however, fall well short of the verbal hype.  Quarterly forecasts that I’ve seen typically show a peak-to-trough drop in real U.S. GDP of 1%, more or less.  Such a decrease would be greater than in the last recession, on a par with the downturn in the early 1990’s, but considerably milder than the recessions of 1981-2 and 1973-5, each of which saw GDP slump about 2.5%.  For me, the verbal warnings seem more accurate and appropriate than the numerical representations.  Recessions triggered by the financial sector have typically been deeper than other downturns.  A peak-to-trough drop of at least 2% is not an unreasonable assumption, and negative growth will probably persist longer into next year, if not to 2010, than Street analysts are predicting.  Being a global downturn, the whole decline is apt to be greater than if the business cycle were not so synchronized.

Each day seemingly brings more evidence that policy actions are being implemented too late to avert a global recession.  In Japan, exports edged up only 0.9% between August 2007 and August 2008, down from a 14.1% advance in the previous 12 months, and Japan’s current account surplus in the latest month was 52.5% smaller than a year earlier.  Yen appreciation of 18.5% against the euro and 7.7% against the dollar compared to August averages will dampen export demand additionally.  Japanese industrial production, which fell 2.7% at a seasonally adjusted annual rate (saar) in the first half of 2008, showed even more pronounced weakness in the summer dropping at a rate of 4.7% saar in July-August from the 2Q level.  Capacity utilization in August was 3.5% lower than in July and off 7.9% from August 2007, and inventories shot up 2.5% as a ratio to shipments in July-August from 2Q, heralding more forced production cutbacks.

From continental Europe comes news of a downward reduction in German retail sales volume such that July-August no longer show any rise from 2Q after such plunged 8.4% saar in the second quarter.  The German ZEW expectations index stumbled to -63.0 in October, returning near to July’s cyclical low. The current conditions component worsened by almost 35 points to -35.9.  In France, which is also in recession, business sentiment slumped to 87 in September from 94 in August.  Euroland industrial production was 1.6% lower saar in July-August than on average in the second quarter, setting the stage for a probable larger drop in 3Q than the prior quarter’s 1.9% annualized decline.

British unemployment climbed at a monthly pace of 31.8 thousand, five times faster than the rise during 1H08.  CPI inflation above 5% has not been matched by worker earnings, which decelerated to an on-year advance of 3.2% in August from 4.3% in August 2007.  While that slide heralds good news for the future containment of inflation, the other side of the coin is that it means that real household purchasing power is getting squeezed.  Finally, the main message to take from weaker-than-expected U.S. retail sales in September is that escalating layoffs and the implosion of equity and real estate wealth affected actual consumer discretionary spending, not merely consumer confidence, much more instantaneously than typically happens.  October figures could be brutal.


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