User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Monday November 30, 2009 - 19:17:34 GMT
Forex Hound -

Share This Story:
| | Email

U.S. Dollar Falls as Traders Downplay Dubai Concerns

The U.S. Dollar is declining overnight as speculators are downplaying the debt problems in Dubai. Over the week-end, the United Arab Emirates central bank said it “stands behind” the country’s lenders. This helped to ease concerns that the state owned Dubai World will default on its debt. Traders now believe that this is a local economic problem rather than one with global ramifications. With these assurances in place, speculators are increasing their demand for higher yielding currencies. Despite these assurances by the central bank, traders should continue to watch how the Dubai debt situation unfolds. The debt problem has exposed the fragility of the world financial markets. Although there may be a short-term pick-up in global demand for risk, upside momentum in foreign currencies may slow if investors decide to be a little more defensive in their speculative plays. Traders may decide to adopt a “trade not to lose” mentality which could create volatile trading conditions as investors will be quick to take profits following any appreciation. Over the week-end, Chinese Premier Wen Jiabao rejected calls for a stronger Yuan. European Central Bank members had traveled to China hoping to convince Chinese officials to allow its currency to rise. Their premise was that China is distorting trade and limiting its own monetary policy options by keeping the Yuan tied to the weakening U.S. Dollar. Wen said that keeping the Yuan stable is best for China’s economy. He also implied that a stable Yuan would be beneficial for the global recovery. European officials feel that China’s currency policy is hurting exports because it drives the Euro higher and that this policy is actually detrimental to the Euro Zone’s economic recovery. Dollar Index futures are trading lower overnight, but holding above last week’s low at 74.27. The late session rally from the overnight low at 74.54 indicates that traders are tentative about pressing this market further. A rise in consumer prices is helping to boost the EUR USD overnight as well as a return of demand for higher yielding assets. The main trend is up with a new main bottom at 1.4801. A trade through this price turns the main trend down. 1.5144 is a new minor top. The GBP USD is trading sideways overnight. Pressure is coming from the thought that the U.K. economy will continue to weaken over the short-term. A recent GDP report shows that despite additional stimulus, the economy is not as robust as previously forecast. Technically, the main range is 1.5706 to 1.6878. The 50% price at 1.6292 held last week after a sharp sell-off. Additional support is coming from a pair of main bottoms at 1.6261 and 1.6250. The USD JPY hit a 15-year low last week at 84.83. The current short-term retracement is normal because of oversold conditions. Continue to look for sideways to lower trading unless this market regains the old bottom at 87.99. Speculators are also a little confused as to whether the Japanese government will intervene. It is well-known that they are concerned about the detrimental effect a rise in the Yen has on exports, but traders aren’t sure if the BoJ will intervene to pressure the Yen. Japanese Finance Minister Fujii said over the week-end that the government won’t act to curb the Yen’s gains, but later denied the comment. No one is sure what the government has in mind. This could produce volatile trading conditions. The recent Commodity Futures Trading Commission Commitment of Traders Report shows that speculators are looking for the Swiss Franc to rise. This new strategy could be based on the thought that the Swiss economy will outperform the other European nations. The USD CHF is under pressure with the trend not likely to turn back up unless 1.0222 is violated. Last week’s intervention by the Swiss National Bank helped trigger a bottom at .9918 and a closing price reversal up. If this action is going to weaken the Swiss Franc then 1.0047 to 1.0017 must hold as support today. The USD CAD is in an uptrend, but short-term range bound. Resistance is at 1.0730. Support has formed at two main bottoms at 1.0449 and 1.0416. Canadian Dollar traders are waiting for signs from the equity and crude oil markets that demand for risk is returning. If these two markets continue to weaken, then look for the USD CAD to advance to the upside. Renewed demand for higher risk assets is giving the AUD USD a boost this morning. This is most likely short-covering as the recent decoupling of this currency from the stock market indicates lower prices to follow. Based on the range created by the July bottom at .7702 to the November top at .9405, traders should look for a possible break to .8553 to .8352 before major buyers step up to stop the break. The main trend is now down and the current lower-top, lower-bottom formation indicates that selling pressure is beginning to build. The main trend is down in the NZD USD. The charts indicate that .6914 to .6744 is the next potential downside target. Diminishing demand for higher risk assets could pressure this market until the end of the year.


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 18 December 2017

Register for the Amazing Trader


Amazing Trader EVENT RISK Calendar:

Mon 18 Dec
10:00 EZ- final HICP
Tue 19 Dec
09:00 DE- IFO Survey
13:30 US- Housing Starts/Permits
13:30 US- Current Account
Wed 20 Dec
15:00 US- Existing Homes Sales
15:30 US- EIA Crude
Thu 21 Dec
03:00 JP- BOJ Decision
13:30 CA- CPI & Retail Sales
13:30 US Weely Jobless
13:30 US- GDP
Fri 22 Dec
09:30 US- GB- GDP
13:30 US- core PCE Deflator & Presonal Income
15:00 US- New Homes Sales
15:00 US- final University of Michigan
17:00 US- early Closes
Mon 25 Dec
00:00 Christmas Holidays

Forex Trading Outlook

Potential Trading Opportunities

  • POTENTIAL PRICE RISK: Medium Mon--10:00 GMT-- EZ- final November HICP. flash data are rarely changed.

  • POTENTIAL PRICE RISK: HIGH- Medium Tue --09:00 GMT-- DE- IFO Survey. Key report but usually not a market-mover
  • POTENTIAL PRICE RISK: HIGH- Medium- Tue --13:30 GMT-- US- Housing Starts and Permits. Leading indicators of activity

  • POTENTIAL PRICE RISK: HIGH-Medium- Wed --15:00-- US- Existing Homes Sales. Top Housing statistic
  • POTENTIAL PRICE RISK: Medium- Wed --15:30-- US- EIA Crude

John M. Bland, MBA
co-founding Partner, EXCLUSIVE: Global-View Daily Trading Chart Points Updated

EXCLUSIVE: Global-View Free Forex Database updated


Trader's Advocate Articles..


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.



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