User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday February 11, 2005 - 22:11:56 GMT
DailyFX.com - www.dailyfx.com

Share This Story:
| | Email

Dollar Looks Ahead to Greenspan Testimony and TIC Data Next Week

DailyFX Fundamentals 02-11-05

By Kathy Lien, Chief Strategist of www.dailyfx.com

· Dollar Looks Ahead to Greenspan Testimony and TIC Data Next Week
· Euro Weakens Slightly On Widening French Trade Deficit
· Japanese Markets Quiet In Observance of National Foundation Day

EURUSD

Disappointing economic data led the euro slightly lower as traders pared back positions in response to a widening trade deficit in France and a stagnant leading index reading. With exports declining the most in a year, the French trade balance ballooned to a 1.8 billion euro gap. Subsequently, market disappointment was exacerbated by the fact that the European Union actually possesses a surplus and suggested further downsizing of this amount in the short term. However, optimism was sparked, as growth seemed to pickup slightly in the region. With demand increasing slightly in the fourth quarter, gross domestic product in France rose 0.8 percent. Better than economists’ expectations of a 0.7 percent climb, the higher release gives some temporary respite following a deluge of recently disappointing economic figures. Additionally, the OECD released leading index for December remained constant at 106.1 as wholesale prices advanced in the region for the first time in three months. Climbing 0.1 percent in the month over month comparison, the German wholesale price index mildly hinted at inflation in January as a dip of 0.3 percent was previously reported. However, in order to be fully convinced, economists are looking to consecutively higher reports in confirming the rise was something more than a simple anomaly.

USDCHF

Consolidated positioning dominated the market today as no U.S. economic data was scheduled for release. As a result, traders are already looking ahead to next week’s Treasury International Capital data for December in establishing further direction in the short term. Readers will remember the $81 billion dollar upside surprise last month that ultimately lent to temporary dollar strength as foreign institutions increased their coffers with U.S. treasuries. However, some sources are questioning the viability of the actual figure with some suggestions of seasonal factors leading to the higher amount. As a result, participants will look for a consecutive increase in the TIC data in confirming a shift in previous dollar bearish sentiment. Additionally anticipated next week will be Fed Chairman Alan Greenspan’s semiannual testimony to the U.S. Congress on current conditions of the world’s largest economy. With increasing attention on the sustainability of recently bullish economic reports, market players will attentively be observing the Chairman’s observations on gross domestic output, unemployment and current monetary policy. Also being considered by the masses may be the mention of the ubiquitous term “measured” in conjunction with any nascent inflationary signs.

GBPUSD

Slightly rising into the weekend, the British pound rose from session lows of $1.8624 as speculative positioning commenced ahead of a week riddled with economic data. These reports, however, may be overshadowed by increased attention on the Bank of England’s inflation report on Wednesday. Although the current economic data has delivered rather mixed signals recently, the report is anticipated to be increasingly hawkish compared to previously staid comments issued in November. Adding to this notion has been continuing evidence of a tight labor market a relative bounces in both retail sales and industrial production data. Additionally, traders will be focusing on consumer and producer price indexes in combination with housing price data early next week. Expected to show signs of deceleration in January, upside releases may ultimately spark market expectations of interest rate considerations.

USDJPY

With markets closed in Japan in observance of National Foundation Day, the yen was relatively contained to a narrow 45-pip range for the duration of the session. Another quiet week is ahead for traders looking for opportunity in this Asian major with the fourth quarter gross domestic product release serving as the lone highlight. Expected to show to the downside, economists are expecting overall economic weakness, apparent in the third quarter, to stretch into the fourth, as consumer demand remained relatively weak and exports fell slightly. As a result, participants will look for upside releases in consumer confidence and department retail sales reports in lending some optimism. However, the question of the sustainability in momentum still remains as suggestions that the slowdown in the world’s second largest economy may infect Q1 2005 growth and expansion in light of exports remaining strong and stabilizing production.

 

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."



Elevate Your Trading With The Amazing Trader!

The Amazing Trader includes:
  • Actionable trading levels delivered to YOUR charts in real-time.
  • Live trading strategy sessions.
  • Market Updates with Trading Tools.

Register To Test Your Amazing Trader


Trading Ideas for 11 December 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:

Tue 12 Dec
09:30 GB- CPI
10:00 GB- ZEW Survey
13:30 US- PPI
Wed 13 Dec
00:30 AU- Employment
09:30 GB- Unemployment
13:30 US- CPI
15:30 US- EIA Crude
19:00 US- Fed Decision
Thu 14 Dec
07:30 CH- SNB Decision
All Day- Global- flash PMIs
12:00 GB- Bank of England Decision
12:45 EZ- ECB Decision
13:30 US- Retail Sales
13:30 US- Weekly Jobless
14:45 US- Industrial Production

Forex Trading Outlook


Potential Trading Opportunities

  • POTENTIAL PRICE RISK: Mediun Tue--10:00 GMT-- DE- ZEW. Second Tier Sentiment Survey
  • POTENTIAL PRICE RISK: HIGH-Medium Tue--13:30 GMT-- US- PPI

  • POTENTIAL PRICE RISK: HIGH-Medium Wed--09:30 GMT-- GB- Employment
  • POTENTIAL PRICE RISK: HIGH Wed--13:30 GMT-- US- CPI
  • POTENTIAL PRICE RISK: Medium Wed--15:30 GMT-- US- EIA Crude
  • POTENTIAL PRICE RISK: High Wed--19:00 GMT-- US- Fed Decision


  • POTENTIAL PRICE RISK: HIGH- Thu --00:30 GMT-- AU- Employment
  • POTENTIAL PRICE RISK: Medium- Thu --All day-- global- flash PMIs
  • POTENTIAL PRICE RISK: HIGH-Medium- Thu --07:30-- CH- Swiss National Bank Decision
  • POTENTIAL PRICE RISK: HIGH-Medium- Thu --09:30-- GB- Retail Sales
John M. Bland, MBA
co-founding Partner, Global-View.com EXCLUSIVE: Global-View Daily Trading Chart Points Updated

EXCLUSIVE: Global-View Free Forex Database updated




TRADER ADVOCACY ARTICLES

Trader's Advocate Articles..

pic

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 Global-View.com.

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

Global-View.com 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 Global-View.com. 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.

 

WARNING: FOREIGN EXCHANGE TRADING AND INVESTMENT IN DERIVATIVES CAN BE VERY SPECULATIVE AND MAY RESULT IN LOSSES AS WELL AS PROFITS. FOREIGN EXCHANGE AND DERIVATIVES TRADING IS NOT SUITABLE FOR MANY MEMBERS OF THE PUBLIC AND ONLY RISK CAPITAL SHOULD BE APPLIED. THE WEBSITE DOES NOT TAKE INTO ACCOUNT SPECIAL INVESTMENT GOALS, THE FINANCIAL SITUATION OR SPECIFIC REQUIREMENTS OF INDIVIDUAL USERS. YOU SHOULD CAREFULLY CONSIDER YOUR FINANCIAL SITUATION AND CONSULT YOUR FINANCIAL ADVISORS AS TO THE SUITABILITY TO YOUR SITUATION PRIOR TO MAKING ANY INVESTMENT OR ENTERING INTO ANY TRANSACTIONS.

Copyright ©1996-2014 Global-View. All Rights Reserved.
Hosting and Development by Blue 105