User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Monday January 17, 2005 - 16:33:45 GMT
GCI Financial -

Share This Story:
| | Email

FX Market Commentary and Analysis (17 January 2005)

The euro extended recent losses vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.3080 level after failing to get above the $1.3130 level. Trading conditions were said to be thin given the U.S. holiday and reluctance to put on new long-dollar positions ahead of tomorrow’s all-important TIC data. Some estimates are forecasting US$ 55.0 billion of new net international securities transactions in November, above October’s print at $48.1 billion. These data series from the U.S. Treasury have become all-important given the U.S.’s widening trade deficit and growing inability to cover the U.S. current account deficit. German Chancellor Schroeder today indicated a deal is in the works to amend the EU’s Stability and Growth Pact before EMU-12 leaders convene in March. ECB’s Issing will speak on Wednesday and traders are curious to see if he will again be critical of Asian currency regimes. Data released in Italy today saw consumer prices rise 0.2% m/m and 2.0% y/y in December and 0.4% and 2.3% on a harmonized basis. Fed officials Stern, Bernanke, and Yellen will speak this week. Euro bids are seen around the $1.3060 level.


The yen was little changed vis-à-vis the U.S. dollar today as the greenback tested bids around the ¥101.70 level, a five-year low, while the pair was unable to drift past the ¥102.20 level. The dollar got hammered in Friday trade with dealers testing the all-important ¥101.85 level and now talking about the ¥101.30 level. The major reason being cited for the yen’s advances is an expectation that G7 officials will step-up the rhetoric against Asian countries with inflexible currency regimes when policymakers meet in London in early February. Data released in Japan overnight saw December consumer confidence fall to 44.3 from 47.9 in November – the first decline in three months and the second fall in six months. Sub-indices were also below the 50.0 level, underscoring the public’s continued general economic pessimism. Economy minister Takenaka said the government and Bank of Japan “will keep cooperating to resolve (deflation).” The Nikkei 225 stock index gained 0.43% to close at ¥11,487.10. Dollar offers are cited around the ¥102.40 level. The euro came off vis-à-vis the yen as the single currency tested bids around the ¥133.25 level and was capped around the ¥134.00 figure. In Chinese news, People’s Bank of China reported CPI is expected to climb 3.28% y/y in Q1. It was also reported that foreign trade in China’s Guangdong province reached a high in 2004. Additionally, a government report was released today that indicated fixed-assets investment growth is expected to have fallen 2.7% to 25% and a separate report indicated 82% of top global companies plan to invest more in China in the next three years.

The British pound depreciated sharply vis-à-vis the U.S. dollar today as cable tested bids around the US$ 1.8585 level after encountering resistance around the $1.8750 level. Some market participants cited a possibly-leaked December RICS house price survey as one reason why cable was given today. Deloitte and Touche released a negative report about the U.K. economy today, suggesting U.K. economic growth is slowing and the “golden” period of one decade of economic growth is ending. The report is forecasting 2005 economic growth of 2.0%, down from 2004’s approximate 3.0% level and sharply below Chancellor Brown’s 3.0% to 3.5% estimate. It was reported today that Bank of England will bolster its intelligence of financial markets to improve its monetary oversight and avoid another BCCI or Baring-like collapse. Cable bids are seen around the $1.8550 level. The euro moved higher vis-à-vis the British pound as the single currency tested offers around the ₤0.7040 level.


The Swiss franc lost marginal ground vis-à-vis the U.S. dollar today as the greenback tested offers around the CHF 1.1825 level and was supported around the CHF 1.1775 level. December producer and import prices will be released tomorrow. Dollar offers are cited around the CHF 1.1875 level. The euro failed to pierce the CHF 1.5500 figure and tested bids around the CHF 1.5435 level.


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