User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday April 2, 2009 - 12:41:30 GMT
Black Swan Capital -

Share This Story:
| | Email

World Leaders Tell Us What They Think We Want to Hear

Key News
• But economists warned the recovery in exports would be fleeting as cheaper bulk commodity contract prices and falling demand for resources took their toll in the coming months. (The Australian Business)

Key Reports Due (WSJ):
8:30 a.m. Initial Jobless Claims For Mar 28 Week: Expected: +3K. Previous: +8K.
10:00 a.m. Feb Factory Orders: Expected: +2%. Previous: -1.9%.
10:00 a.m. DJ-BTMU Business Barometer For Mar 21: Previous: -0.9%.

“One [longer term strategic issue] is very apposite today, and that is the future of the U.S. dollar as a reserve currency. At Bretton Woods, the dollar became the global reserve currency, backed by gold. A quarter century later, Nixon eliminated the gold backing for our currency.

Dollar hegemony has been central to our ability to basically go off the tracks fiscally and financially here. It has enabled us to avoid addressing all sorts of problems with which we’re now afflicted, and it has enabled us to avoid having financial discipline being imposed on us of the sort we have insisted be imposed on every other country under IMF (International Monetary Fund) guidelines.

The role of the dollar as a universal currency for reserve and trade settlement purposes is absolutely central to our international power and reach. Furthermore, we have used the fact that the dollar is an extension of our sovereignty to impose unilateral sanctions all over the place and to manipulate the global banking sector to enforce our policies, even when those policies — say, with respect to Iran — are not supported by others.

So we have a big stake in this, and when we get the dollar into trouble, as we have done, this is very, very fundamental. We now have China, Russia, Brazil, India, South Korea, at least, and very likely others, calling for the gradual elimination of the dollar as a reserve currency and its replacement by stages with something else — in the case of the Chinese proposal, with special drawing rights under the IMF.

I’ve seen this coming for well over a year, and have been talking about it. It’s now upon us, and it is not a problem you can send the fleet to solve. In the end, if you create a situation where people don’t want dollars, there’s nothing you can do about that. So I think this is a strategic issue.”

            Charles Freeman

FX Trading – World Leaders Tell Us What They Think We Want to Hear

Rumors around the G-20 so far seem to be leaning towards positive. No doubt, expectations had been set very low. Not surprising to us, for several reasons. Among them ...

Too many ideas and little focused agreement. Mr. Sarkozy, for one, expected such and voiced his concern. Perhaps it’s uncertainty regarding the proper course of action ... or perhaps it’s lack of conviction and intent. Perhaps these world leaders just needed a mini vacation to London. It’s nice there this time of year, no?

Last night I watched a short interview on with US Treasury Secretary Timothy Geithner. They sat in London discussing his views and expectations surrounding the G-20. I have to say, I came out of it shaking my head a little bit.

Basically, Geithner said very little in the interview. His message was clearly that stabilization of world financial markets was the goal of this meeting. And he groveled over the importance of “coming together” and “unifying” as necessary in solving everyone’s problems. After all, it’s not just the US and China – we need to make sure the whole world is taken care of.

There clearly can be some arguments made as to the necessary amount of involvement we, or any country, should take in foreign economic matters.

But Geithner made a lot of points that didn’t seem to jive with his take on the G-20’s overall mission. To paraphrase a piece of Mr. Geithner’s interview, as to what actions need to be taken, he says ...

“Different things in different countries.” But so as not to undercut the importance of coming together in London he immediately follows citing the “strength of common commitment.” (The interview was littered with that point.)

But I caught ya Mr. Treasury Secretary! It almost sounded for a second like you thought leaders should attend to their own problems since they obviously vary from country to country.

Whether Mr. G believes what he says, or whether he’s paying lip service to the whole G-20 cause, I don’t know. But it enforces my view that this congregation of global brainpower falls somewhere in between a nice gesture and plea for help.

Try to give the public some reason for hope. Do something – anything. Just don’t do nothing.

So far this morning, the risk-taking crowd likes whatever G-20 development talk that’s hitting the newswires. Stocks are cranking as a result. Perhaps too as a result of fairly decent (not so bad) economic reports out in the US and select areas yesterday.

Of course, we get March US Nonfarm Payrolls reported tomorrow. We know that always has the potential to stir things up. I read an article that made a decent point about the jobs situation: it’s almost as if we’ve set our expectations so low that really discouraging employment data is starting to be shrugged off as old news. ADP is foreshadowing another rough payrolls report.

That means a less-bad-than-expected Payrolls number is where the surprise potential rests. Likely that would prove to be a boon for the risk environment.

The US dollar today is behaving as would be expected: weakening against the pack.

The question now: Will the US dollar begin to trade in correlation with improving US fundamentals, should they be improving?  In other words, if the US proves it is coming out of this morass first of the major industrialized countries, will the market expect the yield differential to begin to favor the buck?  Or is it the usual risk appetite game—stronger commodities and stronger stocks means sell the greenback?

 (Chart unavailable in text format.)


John Ross Crooks, III, Black Swan Capital LLC


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