User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Monday January 26, 2009 - 11:56:26 GMT
Reuters -

Share This Story:
| | Email

FOREX NEWS-Euro, sterling trim losses as shares rise

Mon Jan 26, 2009 6:25am EST * Euro, sterling trim losses as stocks rise * Stocks rise as Barclays, ING drive rally in banks * Euro down 0.3 pct at $1.2949 , stg up 0.1 pct vs dlr * Euro, pound still pressured by bank sector concerns (Adds quote, updates prices) By Tamawa Desai LONDON, Jan 26 (Reuters) - The euro and sterling trimmed early losses on Monday as a rally in bank shares bolstered European equity markets, but concerns over the global downturn and banking sector woes kept investors cautious. The pound and the euro got a slight reprieve after taking a beating last week when sterling fell to 23-year lows against the dollar and the euro hit six-week lows against the dollar. European shares were up 1.3 percent by mid-morning trade, powered by Dutch financial group ING (ING.AS: Quote, Profile, Research, Stock Buzz), which said it would tap into government guarantees, and Barclays Plc (BARC.L: Quote, Profile, Research, Stock Buzz) which said it did not need fresh funding. [.EU] "Sterling backed up a little bit on support from financials as we finally saw some positive news from the banks," said Ian Stannard, senior currency strategist at BNP Paribas. "But the financial sector rebound may be quite short-lived as the fundamental problems still remain," he added. By 1030 GMT the euro was down 0.3 percent at $1.2949 after reaching a session low of $1.2862. Against the yen it was up 0.3 percent at 115.72 yen , reversing early losses. The single currency hit a seven-year trough of 112.08 yen last week. Sterling was up 0.1 percent at $1.3829 after hitting a session low of $1.3548. The pound fell to a low of $1.3500 on Friday after data showed the UK economy fell into recession for the first time in nearly 20 years. Earlier, sterling was pressured after Bank of England Monetary Policy Committee member David Blanchflower was quoted on Sunday as saying British interest rates still had a way to go if they were to follow the United States. [ID:nLO542246] Key US rates are now targeted in a range of zero to 0.25 percent. British rates are at 1.5 percent. "The prospect of lower UK rates is one of the key drivers helping to undermine the pound," said Lee Hardman, currency economist at Bank of Tokyo-Mitsubishi UFJ. In contrast, euro zone policymakers seemed averse to taking further monetary easing steps. European Central Bank governing council member Yves Mersch said he would be unwilling to see the bank's main interest rate fall much lower than the current 2 percent and it would be difficult to take so-called quantitative easing steps. He was speaking in an interview with the Financial Times published on Monday. [ID:nLQ61697] BNP's Stannard said the euro may come under further pressure against sterling as a global economic slowdown will hurt the euro zone economy but policymakers remain reluctant to act. "The market has yet to adjust to a more severe slowdown in the euro zone," he said, adding widening credit spreads in the euro zone would also hamper the single currency. The euro was down 0.4 percent at 93.65 pence. . Meanwhile, the dollar rose 0.6 percent to 89.35 yen as dealers trimmed short dollar positions against the yen ahead of the United States Federal Reserve's two-day policy meeting ending Wednesday. With rates already near zero, traders will watch what assets the Fed may purchase to ease credit strains, analysts said. The dollar was also supported on expectations for further steps by the Obama administration to bolster the banking system. Lawrence Summers, head of the National Economic Council and President Barack Obama's top economic adviser, said on Sunday that more money may be needed to stabilise the financial system. [ID:nN25339491] © 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

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