User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday September 4, 2009 - 22:16:52 GMT
Reuters -

Share This Story:
| | Email

Forex Market News - CANADA FX DEBT-C$ follows upbeat jobs data to higher close

Fri Sep 4, 2009 4:40pm EDT

 * C$ hits one-week high of C$1.0824 per US$
 * Canadian economy adds 27,100 jobs in August
 * Bond prices end lower across curve; Canada outperforms
 By Frank Pingue
 TORONTO, Sept 4 (Reuters) - Canada's dollar rallied against
the greenback on Friday and touched its highest level in a week
as upbeat Canadian and U.S. jobs data helped spark demand for
riskier assets.
 The Canadian dollar was given an early boost after a report
showed the Canadian economy unexpectedly added 27,100 jobs in
August even though the unemployment rate rose to an 11-1/2 year
high of 8.7 percent. [ID:nN04153956]
 The currency's rally continued after data from the United
States, Canada's biggest trading partner, showed employers cut
fewer-than-expected jobs in August. [ID:nN03530870]
 The reports were enough to send the Canadian dollar as high
as C$1.0824 to the U.S. dollar, or 92.39 U.S. cents, shortly
after midday, which marked its highest level since Aug. 28.
 "Obviously the initial culprit is the very strong Canadian
jobs numbers that have lent a positive tone to Canada," said
Eric Lascelles, chief economics and rates strategist TD
Securities. "Canada was one of the stronger performers of the
day, but just about everybody is up versus the U.S. dollar."
 Activity during the second half of the session was quiet as
many traders left early ahead of the long weekend. Financial
markets in Canada and the U.S. will be closed Monday for Labor
 The Canadian dollar closed at C$1.0867 to the U.S. dollar,
or 92.02 U.S. cents, up from C$1.1033 to the U.S. dollar, or
90.64 U.S. cents, at Thursday's close. It ended the week with a
gain of 0.5 percent.
 The rise in the Canadian dollar versus the greenback came
alongside a number of the crosses, or overseas currencies. But
it still managed to outperform most of them after having not
participated in rallies earlier this week.
 "I look at Canada over the last week and it's actually been
a middle of the pack player," said Lascelles. "So I think there
has been some late-week scrambling to help keep the Canadian
currency abreast with its peers because there was a significant
lag earlier in the week."
 A key event next week is the Bank of Canada's monetary
policy announcement on Thursday, where the bank is expected to
stick to its conditional pledge to keep its benchmark interest
rate at the current near-zero level. [ID:TOR004942]
 Still, traders will keep a close eye on the statement that
accompanies the rate announcement for any clues into the bank's
thinking on the domestic economy and hints on when it could
move rates next.
 Canadian bond prices ended down across the curve as the mix
of upbeat data and a rally in North American equities combined
to sap demand for more secure government debt.
 The S&P/TSX composite index .GSPTSE ended up 0.88 percent
at 11,017.47, while the Dow Jones industrial average .DJI
rallied 1.03 percent to 9,441.27.
 After the jobs data another report showed purchasing by
Canadian businesses expanded in August at a faster pace than
had been expected, adding to evidence that the economy may have
started to rebound. [ID:nN04165636]
 "The economic data is the pretty consistent story there,"
said Lascelles. "But I've been shouting for all to hear that
North American bonds are extremely rich at current levels so I
think there is just and natural instinct to allow (yields) to
drift higher."
 The two-year bond CA2YT=RR dropped 6 Canadian cents to
C$99.45 to yield 1.283 percent, while the 10-year bond
CA10YT=RR shed 31 Canadian cents to C$103.06 to yield 3.377
 The 30-year bond CA30YT=RR slipped 40 Canadian cents to
C$118.60 to yield 3.896 percent.
 Canadian bonds outperformed their U.S. counterparts across
much of the curve. The Canadian 30-year bond yield was about
37.9 basis points below its U.S. counterpart, compared with
28.5 basis points on Thursday.
 (Editing by Jeffrey Hodgson

© 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 17 July 2018
AA 08:30 GB- Employment
A 13:15 US- Industrial Production
AA 14:00 US-Powell Testimony
Wed 18 July 2018
AA 08:30 GB- CPI
A 12:30 US- Housing Starts/Permits
AA 14:00 US-Powell Testimony
Thu 19 July 2018
AA 1:30 AU- Employment
AA 08:30 GB- Retail Sales
A 14:30 US- EIA Crude
A 12:30 US- Weekly Jobless
Fri 20 Jun 2018
A 12:30 CA- CPI/Retail Sales

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