User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Monday June 15, 2009 - 21:07:57 GMT
Reuters - www.reuters.com

Share This Story:
| | Email

Forex Market News - CANADA FX DEBT-C$ touches 3-week low, bonds little changed

Mon Jun 15, 2009 5:01pm EDT
 * C$ falls to close at 88.31 U.S. cents
 * Bonds almost unchanged, underperform U.S. counterparts
 * Threat to topple government a bond market factor
(Adds details, additional comment)
 By Ka Yan Ng
 TORONTO, June 15 (Reuters) - The Canadian dollar fell hard
against the broadly firmer U.S. dollar on Monday, hitting its
lowest level in more than three weeks on weaker equity markets
and commodity prices.
 Market watchers were keeping an eye on Canadian politics as
the opposition leader in Parliament raised the possibility of
fresh elections, but it was mostly a U.S.-dollar story on
Monday.
 The greenback strengthened -- and the Canadian dollar
flagged -- after Russia expressed confidence in the U.S.
currency [ID:nN1568028] and the European Central Bank said
euro-zone banks face another $283 billion in writedowns.
[ID:nN15135228]
 The Canadian dollar closed at C$1.1324, or 88.31 U.S.
cents, down from C$1.1179 to the U.S. dollar, or 89.45 U.S.
cents, on Friday.
 At one point, it hit C$1.1377 to the U.S. dollar, or 87.90
U.S. cents, its lowest level since May 21.
 "The U.S. dollar is extremely strong across the board
today. A lot of that has been driven by the weaker sentiment
that we've been seeing in equity markets," said George Davis,
chief technical strategist at RBC Capital Markets.
 "In turn, commodities are tracking equity markets lower as
well. Given these higher levels of risk aversion, which we
haven't seen in a while, the Canadian dollar is getting hit on
the back of that."
 Toronto's main stock index closed more than 2 percent
lower, partly because of lower oil prices. [ID:nN15234349]
 Canada is a major oil producer and the currency was also
pressured by the drop in oil prices CLc1 to around $70 a
barrel.
 The Liberal Party said it was prepared to bring down the
minority Conservative government unless it received details of
planned improvements to the jobless benefits system. The
opposition could call a non-confidence vote this Friday, and
that could lead to Canada's fourth federal election in just
over five years. [ID:nN15437772]
 "It's just political posturing at this point in time but I
don't think it's going to have an undue effect on the Canadian
dollar," said Jack Spitz, managing director of foreign exchange
at National Bank Financial.
 "At this stage in the game I can't see it having a huge
effect on the Canadian dollar."
 BONDS UNDERPERFORM TREASURIES
 Canadian bond prices, unable to benefit convincingly from
sagging equity markets, were almost unchanged across the curve,
and, with the possibility of a Canadian election looming,
underperformed their U.S. counterparts.
 Bonds edged higher earlier in the session as the dropping
Toronto stock market pushed bond prices higher in a flight to
safety bid. Bonds and stocks typically move inversely to one
another and depending on investors' risk appetite.
 But analysts said the prospect of an election then acted as
a weight on the bond market as political uncertainty, with its
potential to repel foreign investors, could pull the Canadian
currency lower.
 "The U.S. Treasuries are up significantly today and Canada
is unchanged, so we're underperforming dramatically. The
election threat might be on the back of people's minds and have
an effect there," said Sheldon Dong, fixed income analyst at TD
Waterhouse Private Investment.
 The benchmark two-year government bond edged up 1 Canadian
cent to C$99.72 to yield 1.395 percent, while the 10-year bond
was off 5 Canadian cents at C$101.95 to yield 3.516 percent.
 The 30-year bond rose 10 Canadian cents to C$117.90 to
yield 3.938 percent. The comparable U.S. issue yielded 4.576
percent.
 Canadian bonds mostly underperformed U.S. Treasuries across
the curve. The Canadian 30-year bond was 63.8 basis points
below the U.S. 30-year yield, compared with about 70 basis
points below on Friday.
(Additional reporting by Jennifer Kwan and Frank Pingue;
editing by Peter Galloway)
































© Thomson Reuters 2009. 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.

 

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