User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday January 9, 2009 - 12:55:24 GMT
Reuters -

Share This Story:
| | Email

FOREX NEWS-Dlr slips vs yen ahead of US jobs data

Fri Jan 9, 2009 7:48am EST * Dollar slips vs yen before key U.S. jobs data * Euro pressured by mixed euro zone economic data * Activity subdued ahead of U.S. payroll data * Payroll report expected to show loss of 550,000 jobs (Adds comment, updates prices) By Naomi Tajitsu LONDON, Jan 9 (Reuters) - The dollar slipped against the yen on Friday ahead of U.S. payrolls data due later in the day that were expected to show a massive reduction in jobs, while the euro slipped after a mixed bag of regional economic data. The December U.S. job report is expected to show a fall of 550,000 jobs and show a higher unemployment rate, but much of the news may already have been discounted following a bleak U.S. private-sector jobs report on Wednesday. Currency moves in London were driven by position adjustments ahead of the data, analysts said, adding that risks were tilted towards a slight upside in the dollar as a grim reading has already been factored into the market. "The market is now expecting an extremely weak report, and so risk reward is heading the opposite direction," said Naeem Wahid, currency strategist at Bank of Scotland Treasury Services in London. "A figure in the 650,000 area wouldn't be a big shock, so if it doesn't come out that weak there could be a small upside for the dollar." Following Wednesday's grim U.S. ADP report, which showed private-sector job cuts of 693,000, economists have revised their forecasts for U.S. nonfarm payrolls in December to show job losses of 550,000, from an original Reuters poll estimate of 500,000. Forecasts ranged from a loss of 750,000 jobs to a decline of 400,000 [ID:nN08529684]. The data is due out at 1330 GMT. The dollar fell 0.4 percent to 90.67 yen, near 90.55 yen touched earlier in the day, its weakest since the start of the year. The U.S. currency .DXY slipped 0.1 percent to 81.476 against a basket of currencies. By 1205 GMT, the euro was little changed at $1.3714, having slipped to a session low of $1.3633 earlier in the day. The euro was briefly buoyed on news that Russia reached agreement to end a gas dispute with Ukraine but analysts said that movements were ultimately subdued, even as euro/dollar volatility remained significantly high above 20 percent . [ID:nL9190052] WEAK EURO ZONE DATA Figures on Friday showed a bigger-than-expected drop in French industrial output, adding to the argument that the euro zone economy is further deteriorating, and keeping selling pressure on the euro. [ID:nL9720713] The euro ultimately received little cheer from an unexpected rise in euro zone retail sales, as the outlook for consumer demand remains weak amid plunging business morale and growing unemployment. [ID:nL9217224] Friday's readings came on the heels of data on Thursday showing euro zone economic sentiment set record lows in December amid rising unemployment, and inflation expectations tumbled. Given such an economic picture, analysts expect that the European Central Bank will have to continue cutting interest rates, having already cut them to 2.5 percent. Market participants expect a rate cut of 50 basis points or more when the ECB holds a policy-setting meeting next week. [ECB/INT] "The ECB will need to cut by more than is currently priced in with downside implications for the euro that may be amplified by the ECB's seeming intransigence on policy easing," analysts at Barclays Capital said in a note. Some ECB policymakers have softened their stance as euro zone inflation has fallen and the economy is expected to deteriorate further. But market players do not as yet expect rates in the euro zone to fall as dramatically as those in the United States or Britain. (Additional reporting by Tamawa Desai; Editing by Jason Neely) © 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. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.


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