User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday July 15, 2009 - 21:09:12 GMT
Reuters -

Share This Story:
| | Email

Forex News - CANADA FX DEBT-C$ shoots to one-month high near 90 U.S. cents

Wed Jul 15, 2009 4:40pm EDT

 * C$ touches C$1.1117 to the U.S. dollar
 * Marks highest level in over a month
 * Some speculation of M&A-linked flows
 * Bond prices skid as equities get boost
 (Adds Bank of Canada closing level)
 By Frank Pingue
 TORONTO, July 15 (Reuters) - Canada's currency vaulted to
its highest level against the U.S. dollar in more than a month
on Wednesday, helped by improved hopes for a global economic
recovery and equity-market rally that fueled risk appetite.
 Late in Wednesday's session the Canadian dollar rose as
high as C$1.1117 to the U.S. dollar, or 89.95 U.S. cents. That
marked its highest level since June 12 and lifted it further
above the seven-week low it tumbled to last week.
 While the rise came alongside meaty gains in North American
equities and higher prices for major Canadian exports like oil
and gold, some market experts felt there could be more behind
the latest move by the currency.
 "You have to guess that there is some deal going though,
whether it's an M&A-related deal or whether it's a one-off or
something," said Steve Butler, director of foreign exchange
trading at Scotia Capital.
 "There's definitely been a little more force than just
equities rallying and the world being a safer place because
Canada has been such a monster outperformer this week."
 The currency closed at C$1.1143 to the U.S. dollar, or
89.74 U.S. cents, well up from C$1.1360 to the U.S. dollar, or
88.03 U.S. cents, on Tuesday.
 That put the Canadian dollar up more than 4 percent this
week over the Bank of Canada's closing level on Friday.
 Also helping to buoy the currency was increased optimism
about a global recovery after the U.S. Federal Reserve said in
the minutes from its June meeting that the U.S. recession was
coming to an end. [ID:nWEQ001205]
 A healthy global economy would likely mean more demand for
key Canadian export commodities. Oil prices were up 3 percent
while gold hit a two-week high.
 The Canadian dollar shrugged off a report that showed
factory sales in Canada fell in May to the lowest level in
almost 11 years, putting the economy on track for a sharp
contraction in the second quarter. [ID:nN15446129]
 Earlier this week a pair of surveys from the Bank of Canada
showed businesses are more hopeful about their economic future
while lenders are tightening credit conditions at a lesser rate
than in previous quarters. The reports reinforce other data
suggesting the recession may have hit bottom. [ID:nN13381629]
 Canadian bond prices were lower across the curve as upbeat
corporate earnings out of the United States lent a bid to North
American stocks and sapped demand for more secure government
 The Toronto Stock Exchange's main index closed up more than
2 percent, taking its cue from the bigger U.S. markets on the
heels on Tuesday's solid results and the strong outlook from
Intel Corp (INTC.O: Quote, Profile, Research, Stock Buzz). .TO
 The two-year bond was down 4 Canadian cents at
C$99.99 to yield 1.255 percent, while the 10-year bond
retreated 65 Canadian cents to C$101.95 to yield 3.514
 The 30-year bond fell 84 Canadian cents to C$116.06 to
yield 4.035 percent. In the United States, the 30-year Treasury
bond yielded 4.51 percent.
 Canadian bonds outperformed their U.S. counterparts, with
the yield on the 10-year bond about 10 basis points below the
U.S. 10-year yield, compared with about 4 basis points on
 (With additional reporting by Jeffrey Hodgson; editing by Rob

© 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."

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 31 July 2018
AA JP- Bank of Japan
A 06:00 DE- Retail Sales
A 09:00 EZ- flash HICP/GDP
AA 12:30 US- Core PCE Deflator
A 14:00 US- CB Consumer Confidence
Wed 1 Aug 2018
A Final Mfg PMIs
AA 12:15 US- ADP Private Payrolls
A 15:00 US- EIA Crude
AA 18:00 US- Federal Reserve Decision
Thu 2 Aug 2018
AA 11:00 GB- Bank of England Decision
A 13:30 US- Weekly Jobless
Fri 3 Aug 2018
A Final Services PMIs
AA 12:30 US- Employment
A 12:30 US/CA- Trade

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