User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday January 18, 2005 - 21:48:42 GMT
DailyFX.com - www.dailyfx.com

Share This Story:
| | Email

TIC Data Shocks Everything But The Dollar

Daily FX Fundamentals 01-18-05

By Kathy Lien, Chief Strategist of www.dailyfx.com

· TIC Data Shocks Everything But The Dollar
· Comments From Fed Presidents Becoming Increasingly Hawkish
· Pound Bounces on Unexpected Improvements In UK Data

EURUSD

Today’s US Treasury International Capital flow data indicates that the weaker dollar has indeed increased the attractiveness of dollar-denominated assets. To the surprise of nearly everyone in the markets, foreigners purchased $81 billion worth of US securities during the month of November. Yet, this exceptionally impressive number did little for the US dollar. The EURUSD dipped momentarily below the psychologically important 1.30 level only to rebound shortly thereafter. The price action suggests that there is still a significant amount of bearish dollar sentiment remaining in the markets. Strong stock market performance during the month of November helped motivate international investors to snap up US equities. The corresponding rally in the EURUSD also increased the value of US stocks, prompting foreigners to increase purchases of corporate stocks by $11 billion. This means that for the time being, the US has no problem funding its deficit over the short term. As a result, the EURUSD will not see the support that was hoped for from renewed concern about the US deficit. At this point, rallies could remain limited. Meanwhile Austrian Finance Minister Grasser expressed what is probably the collective view of EU finance ministers. In reference to the EURUSD, he said that current “developments are quite OK.” The recent correction of the euro comes to the relief of many parties across the Atlantic.

USDCHF

Interestingly enough, we are beginning to see a widespread shift in Fed sentiment that could be particularly beneficial for the US dollar. If you recall, last week, Fed President Poole said that the phrase “measured pace” would have to be taken out of the FOMC statement at some point. Today, Fed President Pianalto recommended moving interest rates to a level that is “no longer stimulative” before it is too late. Fed President Santomero suggested that the Fed could be a bit more aggressive while Stern echoed the group’s optimism with regards to the US economic outlook. The overall hawkish tone of the Fed should not be completely written off especially ahead of the February FOMC meeting. A shift to a more hawkish tone in the statement, which seems to be the direction that the Fed is moving towards, could spur speculation for a 50bp rate hike over the next few months. Meanwhile, not all data from the US was positive today. Manufacturing activity in the NY region slowed in January with the Empire State manufacturing index falling from 27.1 to 20.1. The NAHB index of homebuilder optimism also dipped modestly.

GBPUSD

Unexpected improvements in UK economic data helped to bolster the British pound. Inflation increased from 1.5% to 1.6% during the month of December, which is the highest level that we have seen since June. Increases in the price of household goods and transport services helped to offset holiday discounting on clothing and footwear. Meanwhile, house prices as measured by the RICS house price balance improved from –48 to –37. The market had actually expected the report to reflect a continued deterioration in the housing market. Instead, it echoed yesterday’s more optimistic Rightmove report. However, the rally has been impressive since these two reports are insufficient to shift the outlook for monetary policy. The market still expects the Bank of England to remain on hold for the remainder of this year.

USDJPY

Comments from an unnamed source at the Ministry of Finance have kept USDJPY afloat today. According to Reuters, the source said that “we are ready to conduct solo intervention,” if needed. However, as we mentioned yesterday, the G7 meeting is back in play next month. If you recall, the Bank of Japan tends to refrain from intervening ahead of G7 meetings in fear of excessive criticism from their global counterparts. Without intervention, the Japanese yen has been sensitive to the possibility that China may waver in their commitment to a pegged currency. Meanwhile, the lackluster purchase of US Treasuries by Japan during the month of November is also weighing on USDJPY. If you recall Japan was a net seller of US Treasuries during the month of September and October. In November, they were a net buyer, but only $700 million, which is less than a quarter of China’s purchases in the same period. This provides increasing evidence that Japan may no longer see US Treasuries as a particularly attractive asset class to own. As the largest foreign holder of US government securities, if they begin to dump their holdings of US Treasuries more aggressively, USDJPY could easily slide below 100.

 

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."



Elevate Your Trading With The Amazing Trader!

The Amazing Trader includes:
  • Actionable trading levels delivered to YOUR charts in real-time.
  • Live trading strategy sessions.
  • Market Updates with Trading Tools.

Register To Test Your Amazing Trader


Trading Ideas for 11 December 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:

Tue 12 Dec
09:30 GB- CPI
10:00 GB- ZEW Survey
13:30 US- PPI
Wed 13 Dec
00:30 AU- Employment
09:30 GB- Unemployment
13:30 US- CPI
15:30 US- EIA Crude
19:00 US- Fed Decision
Thu 14 Dec
07:30 CH- SNB Decision
All Day- Global- flash PMIs
12:00 GB- Bank of England Decision
12:45 EZ- ECB Decision
13:30 US- Retail Sales
13:30 US- Weekly Jobless
14:45 US- Industrial Production

Forex Trading Outlook


Potential Trading Opportunities

  • POTENTIAL PRICE RISK: Mediun Tue--10:00 GMT-- DE- ZEW. Second Tier Sentiment Survey
  • POTENTIAL PRICE RISK: HIGH-Medium Tue--13:30 GMT-- US- PPI

  • POTENTIAL PRICE RISK: HIGH-Medium Wed--09:30 GMT-- GB- Employment
  • POTENTIAL PRICE RISK: HIGH Wed--13:30 GMT-- US- CPI
  • POTENTIAL PRICE RISK: Medium Wed--15:30 GMT-- US- EIA Crude
  • POTENTIAL PRICE RISK: High Wed--19:00 GMT-- US- Fed Decision


  • POTENTIAL PRICE RISK: HIGH- Thu --00:30 GMT-- AU- Employment
  • POTENTIAL PRICE RISK: Medium- Thu --All day-- global- flash PMIs
  • POTENTIAL PRICE RISK: HIGH-Medium- Thu --07:30-- CH- Swiss National Bank Decision
  • POTENTIAL PRICE RISK: HIGH-Medium- Thu --09:30-- GB- Retail Sales
John M. Bland, MBA
co-founding Partner, Global-View.com EXCLUSIVE: Global-View Daily Trading Chart Points Updated

EXCLUSIVE: Global-View Free Forex Database updated




TRADER ADVOCACY ARTICLES

Trader's Advocate Articles..

pic

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 Global-View.com.

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

Global-View.com 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 Global-View.com. 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.

 

WARNING: FOREIGN EXCHANGE TRADING AND INVESTMENT IN DERIVATIVES CAN BE VERY SPECULATIVE AND MAY RESULT IN LOSSES AS WELL AS PROFITS. FOREIGN EXCHANGE AND DERIVATIVES TRADING IS NOT SUITABLE FOR MANY MEMBERS OF THE PUBLIC AND ONLY RISK CAPITAL SHOULD BE APPLIED. THE WEBSITE DOES NOT TAKE INTO ACCOUNT SPECIAL INVESTMENT GOALS, THE FINANCIAL SITUATION OR SPECIFIC REQUIREMENTS OF INDIVIDUAL USERS. YOU SHOULD CAREFULLY CONSIDER YOUR FINANCIAL SITUATION AND CONSULT YOUR FINANCIAL ADVISORS AS TO THE SUITABILITY TO YOUR SITUATION PRIOR TO MAKING ANY INVESTMENT OR ENTERING INTO ANY TRANSACTIONS.

Copyright ©1996-2014 Global-View. All Rights Reserved.
Hosting and Development by Blue 105