User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday May 12, 2009 - 12:37:01 GMT
Black Swan Capital -

Share This Story:
| | Email

Seems Obvious

Key News
• Swan Pushes Australia's Budget Deficit to Record Amid a Global Recession (Bloomberg)
• Asian stocks fell, dragging the MSCI Asia Pacific Index from a seven-month high, as investors sold shares trading at their most expensive valuations in five years. (Bloomberg)
• The U.S. trade deficit probably widened in March from a nine-year low as higher oil prices boosted the import tab, economists said before a report today.
• China's Fixed-Asset Investment Surges 30.5% on Stimulus as Exports Slump (Bloomberg)

Key Reports Due (WSJ):

“I have not failed. I’ve just found 10,000 ways that don’t work.”

          Thomas Edison

FX Trading – Seems Obvious

Jack noted it yesterday: the consensus anticipated a sell-off in stocks. I certainly didn’t disagree with all the headlines – indeed, over the last two weeks I’ve been harping on the potential (read: need) for stocks to sell off. But I do agree with Jack’s point that it’s not always a good thing when you find yourself in the same predictive position as mainstream analysis.

Either way, the market talked about the potential for a sell-off yesterday and that’s exactly what we got. Not surprisingly the risk dynamic remained in play – the commodity-dollars sunk; the European currencies forfeited ground to the buck; the Japanese yen took solace in the risk-averse money flow.

With the exception of some backing and filling, currencies still look a little heavy here ...

The British pound and the euro, though, have successfully erased yesterday’s losses already. Perhaps it’s a bit of stop-hunting happening here ahead of the US session as some of the less-sure shorts are shaken out:

EURUSD hourly: testing yesterday’s highs.

(Chart unavailable in text format.)

GBPUSD hourly: also testing yesterday’s highs as UK data out today exceeded expectations.

(Chart unavailable in text format.)

Focus will turn to US trade data out later this morning to see if euro and pound can keep trucking higher. Rising oil prices are seen as the primary driver of a larger deficit than seen in the prior month. While the import side of the equation makes a difference, little is expected from the export side. Should the US trade data lack any surprises, we could see the European currencies drag the others higher on a confirmed breakout of yesterday’s highs.

But of course, you’ve got to keep your eye on stocks ...

As the market starts weighing the nine-week rally, precisely whether the fundamentals can justify the price action (which I find hard to believe they can), currencies will hang in the balance.

What happens in the nearer-term, I think, will be at least a consolidation of the S&P’s 30%-plus gains since March. Whether that consolidation process began yesterday … or whether it doesn’t begin till investors stop expecting it ... remains to be seen. But considering key technical levels are coming into play, now would seem a logical stopping point.

[P.S. Yesterday, our members of Currency Strategist were able to close out and profit nicely on an options recommendation we made to play for Australian dollar strength. This is one of the ways to invest in the nearer-term price action while waiting for the longer-term trends to play out. You can read more about Currency Strategist if you’re interested in our clear-cut trading recommendations.]

Over the longer-term, we believe unemployment and its impact on income and spending will be an inconvenience in the hopeful path toward full recovery. It could be this realization that really changes the perspective of global market players ... at which case the dependence on the US will again take center stage.

The overall definition and understanding of “recovery” will be crucial going forward. So far less-dramatic contraction constitutes signs of recovery. But what happens when investors start expecting more than “less-bad”? What happens when they start expecting circa-2006 type growth? Based on the overall appetite for spending and the renewed necessity of paying down debt, recovery isn’t going to bring back the bubblicious trends we came to [irresponsibly] believe characterized economic prosperity.


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

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