User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Monday November 16, 2009 - 14:44:56 GMT
Black Swan Capital -

Share This Story:
| | Email

Triple-think currency payoff?

Key News
China’s Ministry of Commerce said international pressure for appreciation in the yuan was “not fair.” (Bloomberg)
European consumer prices declined for a fifth month in October as rising unemployment discouraged household spending. (Bloomberg)
“The continuous depreciation in the dollar, and the U.S. government’s indication that, in order to resume growth and maintain public confidence, it basically won’t raise interest rates for the coming 12 to 18 months, has led to massive dollar arbitrage speculation.” 
       Liu Mingkang, China’s top bank regulator
FX Trading – Triple-think currency payoff?
Describing Russia, Winston Churchill said, “Russia is a riddle wrapped inside a mystery inside an enigma.”  I wonder how he would describe modern China; I think it would be fun to hear that quip.
But on second thought, I don’t think we need Churchill for the task, as yet another fine Englishman—George Orwell—summed it up nicely with his definition of Doublethink:
“The power of holding two contradictory beliefs in one's mind simultaneously, and accepting both of them....To tell deliberate lies while genuinely believing in them, to forget any fact that has become inconvenient, and then, when it becomes necessary again, to draw it back from oblivion for just so long as it is needed, to deny the existence of objective reality and all the while to take account of the reality which one denies — all this is indispensably necessary. Even in using the word doublethink it is necessary to exercise doublethink. For by using the word one admits that one is tampering with reality; by a fresh act of doublethink one erases this knowledge; and so on indefinitely, with the lie always one leap ahead of the truth.”
[Editor’s Note: A technique utilized by all governments, but seemingly perfected by China.]
Doublethink, I think, perfectly defines Chinese official government policy when it comes to the currency question.  
Thought #1: China criticizes the US for trashing the dollar and creating bubbles (rightly so) because of its massive stimulus, stimulus intended to create a modicum of US consumer demand so China has someplace to export all those goods (to reconstitute that symbiotic relationship that created imbalances in the first place).  Privately China is banking on the US bubble-making succeeding so the country’s massive over-capacity can be mopped up, instead of going belly up.    
Thought #2: China says it’s unfair for others to complain about China’s fixed currency, which is part and parcel to massive bubbles of its own creation (a pegged currency, by definition creates massive liquidity when running a trade surplus; liquidity that can’t escape because of capital controls; thus bubble-ology squared).  China actually wants us to believe its fixed currency, in a floating world, actually creates “stability.”  Hmmmm…  
Some price comparisons are below for you to determine if China’s currency might need to be adjusted, especially given they are growing at close to 10% annualized…a bit higher than the Western world, I would say. [Chart not available in text format.]

Beside the fact the US is implicitly using the dollar as the global whipping boy to boost asset market liquidity (desperately seeking the “wealth effect”, keep in mind the dollar’s level is still determined by the market forces known as supply and demand.  We wonder how “fair” the trade competitors with China think it is that China pegs, creating massive liquidity and extreme undervaluation, which acts as a capital magnet when growing at 10% and significant price advantage?  
This debate on whether China should revalue has gone beyond farcical.  It’s deep into Orwellian territory to even discuss this with the Chinese.  But said discussions take place nonetheless, and the Chinese always seem to win thanks to the awesome power of Doublethink.  They know Western politicians prefer Pollyanna instead; at least publicly.  
China will revalue sooner or later, unless it wants to see a major trade war.  It is a war China will lose; though there will be many other country economic casualties along the way.  Let’s hope that can be Thought #3 swirling in their heads ...
Yes indeed—Triple Think. 
Jack Crooks
Black Swan Capital LLC 
Get Your Emerging Markets Fix
All this week Jack and JR will be highlighting emerging markets and their respective currencies. 
They plan to offer insight to the global macro perspective that’s driving capital into, or in some cases out of, these lesser-developed nations. They’ll also be offering a look inside some individual nations and their prospects for growth ... and the prospects for their currencies. [They will also be examining emerging markets in the November issue of Currency Investor, our monthly service to longer term low-leveraged currency investors.]
This series of emerging market commentary and analysis will culminate in a FREE Emerging Markets Webinar that will be held next Thursday, November 19th. Details on the webinar will be given in upcoming invitation to all Currency Currents readers. Or, feel free to contact us at [email protected] for immediate details.
Jack and JR continue to spot excellent investment and trading opportunities in emerging market currencies. We offer a newsletter that expands upon the dynamics of these economies and seeks to exploit opportunities offered by powerful moves in emerging currencies.

Click here to read more if you’re interested in our Emerging Market Currency service.
Thanks again for being a loyal reader,
David Newman
Black Swan Capital 


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 9 July 2018
AA 12:00 EZ- Draghi EU Parliament Testimony
Tue 10 July 2018
AA 08:30 GB- Ind/Prod Output, Trade
AA 09:00 DE- ZEW Survey
Wed 11 July 2018
A 12:30 US- PPI
A 14:00 CA- Bank Of Canada Decision
A 14:30 US- EIA Crude
Thu 12 July 2018
AA 12:30 US- CPI
Fri 13 July 2018
A 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