User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday September 9, 2009 - 12:50:39 GMT
Forex Hound -

Share This Story:
| | Email

U.S. Equity Traders Tentative at Current Price Levels

Equity markets are expected to open flat this morning following a strong rally yesterday.  Although gains were somewhat limited in the U.S. yesterday, strong gains were seen in Asia and Europe.  Most of the rally in stocks was attributed to greater demand for higher risk assets and currencies.  This could be because U.S. investors are taking advantage of opportunities overseas and diversifying their portfolios.


Traders seemed nervous yesterday about buying strength in the U.S. equity markets.  This could be because of the tendency of the market to have large declines in September.  Traders are definitely looking for a catalyst to take it to new levels. Investors are waiting for a new sector to emerge as the leader.  Financial stocks received an upgrade yesterday but equities barely moved on the news.  This is because stocks in this sector may be overpriced given the current condition of the economy.  Investors are looking for bargains and may not be willing to chase this market higher at this time. 


Another concern for investors is the lack of consumer spending.  Broad market investors have for the most part of this rally ignored the less than stellar performance by the retail sector.  Consumers have been holding on to their money out of fear of a job or home loss.  Yesterday’s report showing a drop in U.S. consumer credit raised some concerns because it indicated that consumers are repaying debt rather than spending on goods and services.  New tighter credit requirements and an uncertain outlook on the economy may be causing consumer to save rather than spend.


The Fed’s Beige book is the only major report on the agenda today.  This report which will be issued at 1:00 pm CDT is expected to show that output has stabilized but credit is still tight.  In addition to the Beige book, two members of the Fed are expected to give speeches.  Their statements may produce short-term volatility in the market at times.


Treasury markets are called lower this morning.  The lack of demand for U.S. debt is forcing yields higher.  Investors have expressed concerns about the growing U.S. deficit and the U.S. ability to pay back this debt.  In addition, greater demand for Japanese debt may force U.S. yields higher in order to make bonds and notes more attractive to foreign investors.  Today the Treasury will auction $20 billion of 10 year notes.  The markets will react when the results of this auction are released at about noon central time. 


The U.S. Dollar is seeing some stability this morning following two days of heavy selling pressure.  Appetite for risk seems to have diminished somewhat in Europe and Asia.  The Dollar may be posting small gains this morning but still remains vulnerable to downside risk.  Renewed questions about the U.S. Dollar’s status as the primary reserve currency are being raised again.  Despite signs that the global recovery will be rocky, investors are still creating demand for higher risk assets.


Last night European Central Bank President Trichet once again warned that the financial crisis is not over and how important it is for government policymakers to consider how they will withdraw economic stimulus measures.  This seems to be a major sticking point developing between analysts and economists. 


Overnight the September Euro is trading slightly better.  This could be a technical reaction to yesterday’s strong breakout to the upside.  The September British Pound is also up slightly as traders square up positions ahead of tomorrow’s Bank of England meeting.  Investors expect the BoE to leave rates unchanged.  The main concern is whether the BoE makes adjustments to its asset buyback program.  Last month the BoE shocked the markets by announcing an increase in its quantitative easing program.  The September Japanese Yen is called slightly lower.  Money could be standing aside as traders await today’s U.S. T-note auction.  The Yen has been gaining on the Dollar recently because of the attractive yields offered by Japanese debt. 


Weakness in the higher yielding Australian and New Zealand Dollars may be an indication that demand for risky assets may be down today.  Overnight Australia announced that retail sales had unexpectedly dropped.  This led to selling pressure because of concerns about when the Reserve Bank of Australia would raise interest rates.  The New Zealand Dollar is trading weaker ahead of tomorrow’s Reserve Bank of New Zealand meeting.  Traders expect the RBNZ to keep interest rates low for the time being.


December Crude Oil is expected to open flat to lower following yesterday’s short-covering rally.  OPEC is meeting at this time in Vienna.  Traders expect the cartel to encourage members to maintain their current production levels.  No further production cuts are expected at this time.


December Gold is called lower following several days of strength.  Some traders have been buying gold because of their lack of confidence in a basket of currencies.  Others have been buying in anticipation of a break in the equity markets.  In this case, money is shifting between the asset classes. 



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