User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday July 7, 2009 - 12:58:35 GMT
Black Swan Capital -

Share This Story:
| | Email

Financial Climate Change: Debatable?

 Key News
• Earnings Will Continue Slide as Conservative Consumers Fear for Their Jobs (Bloomberg)
• Banking Regulator Warns of Risks Posed by China's Rapid Growth in Lending (Bloomberg)
• China Will Top Government Target of 8% Economic Growth This Year, BNP Says (Bloomberg)
• Manufacturing Orders Rise Most in Almost Two Years as Economic Slump Eases (Bloomberg)

Key Reports Due (WSJ):
7:45 a.m. ICSC Chain Store Sales Index For July 4: Previous: +1.6%.
8:55 a.m. Redbook Retail Sales Index For July 4: Previous: -4.4%.
4:30 p.m. July 3 API Oil Industry Report
5:00 p.m. ABC/Wash Post Consumer Conf For July 4: Previous: -51.

"Slump, and the world slumps with you. Push, and you push alone.”

           Laurence J. Peter

FX Trading – Financial Climate Change: Debatable? 

Climate change -- it’s taken on a meaning beyond the literal. It is “global warming” ... it is carbon emissions ... it is saving the planet ... it is ridiculous.

For one, the attention this yet-to-be-proven phenomenon receives from non-scientists (read: politicians) is remarkable. And it makes me wonder: are they this devoted to preventing financial climate change too?

Perhaps they are.

We’ve noted our view several times in the pages of Currency Currents: the recent collapse by the global economy boils down in many ways to imbalances. The solution, as we see it, means balancing out those imbalances. But for that to happen it would require the financial climate undergo major change.

The market is doing its best to see this change through. But policy makers mostly seem determined to keep financial climate change on ice.

What’s the reason? Well, perhaps in this exceptionally globalized world the “leaders” seek to keep everyone on an even playing field (a perverse concept). After all, why should one country’s economy suffer while another’s succeeds? (Maybe because of a little thing called competition, but let’s not let free-market myopia impede economic togetherness.) 

No, let’s instead do our best to keep market emissions from over-cooling the global economy. There are plenty of ways we can achieve this:

1) Stimulus! Stimulus! Stimulus!
2) Quantitative easing.
3) Deficit spending.
4) Lending facilities.
5) Pigeon-holing Central Banks.

I’m sure the list could be much longer, but does it even matter how much longer?

The point is, policy created to stimulate the economy and bring global dynamics back in line with pre-crisis mode only makes sense for some; let’s call it a convenient truth. The inconvenient truth in all this is being overlooked. Ironic, I know.

Looking just at the US in this financial climate change debate, the goal seems to be ‘restore confidence’ instead of ‘restore the economy’. Yes, yes ... I know confidence can go a long way in propping up an economy; but if you simply try to rebuild on a bad foundation then you’re bound to run into troubles far sooner than if you put forth the effort to lay a new, more solid foundation. The aim with confidence restoration goes exactly to the point of restoring the old economy.

As far as the US is concerned, it seems to me we’ve been given an excellent opportunity to make real changes to the financial climate (or simply allow them to happen), with the ultimate goal of solidifying and improving our position in the international economy. It may mean additional short-term pain ... but we should never waste a good crisis, I’m told.

If we continue to succumb to international peer pressure and try to take on the image of ‘global healer’, then we’ll watch our economic clout (and everything that follows) further deteriorate.

And if you need to tie this back to currencies, it’s basically the underlying view of why so many investors remain negative on the US dollar. Yes, the buck has lost a lot in the last eight years, but, on a relative basis, the US has a whole lot left that can still be lost; that potential doesn’t bode well for the dollar.

We’ve been expecting a major wave of risk to change the intermediate-term prospects for the US currency, bringing more safe-haven capital into the US. Whether or not this occurs remains to be seen. Even if we’re proven right and the dollar catches a bid over the next 3-6 months, what’s stopping the dollar from rolling over again into a long-term downward spiral.

Perhaps we should spend less time trying to prevent financial climate change.


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