User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday October 15, 2009 - 13:04:21 GMT
Black Swan Capital -

Share This Story:
| | Email

Double Header Today: Keep Watching the Central Banks

Key News
Fed Officials Question Durability of U.S. Expansion, Discuss Aid Increase (Bloomberg)
Dollar May Decline to 50 Yen, Lose Reserve-Currency Status, Sumitomo Says (Bloomberg)
EU warns UK’s debt is ‘unsustainable’ (The Independent)
“The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance.” 
       Marcus Tullius Cicero
FX Trading – Double Header Today: Keep Watching the Central Banks
Matinee: Bank of England Official Inspires Buyers, Spooks Sellers
Pent-up demand and sellers running for cover explains the move by the British pound today. Granted, it was comments from a Bank of England official who sparked the move. Apparently the quantitative easing measures are working as well as they’d have hoped for when this strategy commenced earlier this year.
Thus, traders are quick to jump at the idea that the BOE may not be doing much more pumping in the near future. The pound is up as much as one and a half percent versus the buck; and it’s putting a lickin’ on the euro and yen as well.
Today’s comments not only brought some buyers out of the shadows, but the move above daily consolidation range (resistance) likely led what had become a large number of shorts running to cover their butts.  [Chart not available in text format.]
We can look at this two ways:
1) This is a shake-out move and stops needed to be triggered before the price of the pound can be driven lower. 
2) This is a legitimate change in fortune for the pound after being depressed by traders despite a continued move out of US dollars and into other currencies.
The UK economic concerns are not changed in the wake of the BOE officials recent comments; albeit sentiment could very well have made an important shift. The question is whether or not any change in sentiment will be powerful enough to make the pound appealing to investors.
Considering the mood of the markets, the pound could be undergoing a change in fortune versus the US dollar, starting today; but the strength could prove short-lived versus the euro and perhaps even the yen. 
Traders and investors generally take a glass-half-full approach to the euro. Perhaps it’s all mental -- the Eurozone and its currency have come to represent an alternative the US counterparts. 
There’s been a popular piece of data circulating the web recently. It states the move by world economies into reserves denominated in euro and yen. Most stories use it to point out that these countries are necessarily getting rid of their dollar reserves. But that is not the case. Reserves denominated in US dollars are still being added, but to a lesser extent than those denominated in euro and yen, according to the latest numbers.
While the euro may be able to keep running higher on healthy risk appetite and consequent US dollar weakness, then yen may have a tougher time. It’s increasingly viewed as having over-stretched from where fair fundamentals might allow it to go.

Japan’s Finance Minister had this to say today:
"Our political task is to stabilise the value of the currency. The basis for stability is the need for the currency's value to match the economy's strength. This must be ensured by politics." 
The first test of USDJPY support (Japanese yen resistance) did not work out and the pair is bouncing. As with many central banks, intervention is on the minds of BOJ officials and Japanese yen traders. Is there room for more strength? [Chart not available in text format.]

It may be worth being open to an extended bounce here.
John Ross Crooks III
Black Swan Capital
Night-Cap: Who’ll Be Hiking and Who Won’t?
David here ...
JR threw a piece of news by me this morning, as it plays into his and Jack’s evaluation of the deflation vs. inflation tug-of-war that’s happening right now.
So when I say a bit of inflation news hit the wires today, perhaps I should instead call it deflation news since prices are falling. From JR ...
In Czech Republic industrial producer prices slumped in the latest month. The month-to-month drop was double what had been expected (0.4% versus 0.2%) and the year-over-year figure came in dropping 5.4%. Czech hasn’t seen a year- over-year drop like this since records began being kept in 1991.
Agricultural producer prices showed a far more dramatic plunge – 21.2% in September after posting a year-over-year slide of 23.5% in August.
The bottom line in the wake of this data: the central bank could be motivated into rate cuts. And now that the yield differential game between currencies is back in full swing, potential rate cuts could be meaningful to the performance of the Czech koruna.
What’s interesting is this comes at a time when analysts are starting to look for central banks that will be next to hike rates, not cut them. Australia last week prompted the expectations that global central banks are becoming ready to mop up excess liquidity and tighten up their monetary policy stance.
Among those countries on the short list are two we’ve recommended to our Members. One, to our Currency Investor Members, involves a long-term hold via an ETF that offers exposure to an appreciating currency that comes with emerging market, commodity, growth and yield appeal.
ETFs are a great way to take a low-leveraged position in currencies. They not only allow you to diversify out of the US dollar, so to speak, but also to capture respectable returns with a conservative approach to risk. 
If this is something that interests you then I urge you to take a shot with our Currency Investor newsletter. It’s a long-term investing approach that focuses on global macroeconomic developments and recommends only currency-related ETFs. Plus, we offer a 30-day risk-free money back guarantee, no questions asked, if you determine it’s not the right fit for you.
Thanks for reading,
David Newman
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

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