User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday March 3, 2010 - 15:22:15 GMT
Forex Hound -

Share This Story:
| | Email

Stocks Trading Flat Ahead of ADP Jobs Report

Besides news regarding the debt crisis in Europe, futures and Forex traders will be focusing on today’s Challenger jobs report and the ADP private sector jobs report for direction. Traders expect the ADP report to show a loss of 20,000 jobs. An amount greater than 20,000 should support the Dollar as it will indicate a weaker economy.  Later in the day, the Fed releases the Beige Book of economic conditions.


U.S. equity markets are trading flat to lower ahead of the job data reports. In addition, traders are reacting to the mixed news that is coming out of the Euro Zone. This news seems to be changing by the hour which is helping to create investor indecision and some light volatility. Yesterday U.S. stock indices opened higher but failed to maintain the upside momentum throughout the day and weakened into the close. Investors seem to be nervous about holding risky positions which could lead to a profit-taking break today. Worse than expected jobs data is expected to lead to an acceleration to the downside.


Treasury markets are trading a little better in anticipation of the weak jobs data. News that the economy lost more jobs than expected could trigger a strong rally. This would be an indication of what to expect following the release of Friday’s U.S. Non-Farm jobs data.


April Gold and June Crude Oil are trading higher in anticipation of a rally in the Euro and a drop in the Dollar. Last night gold rallied through the 50% retracement level at $1136.75 which stopped the market on Tuesday, but failed to attract strong buying which should have driven this market to the .618 level at $1158.52. Gold traders may be ahead of the rest of the markets in anticipating a weaker Dollar.


The March Euro is firming overnight after Greece announced more budget cuts in an effort to sway the European Union into approving its bailout package.  The new plan includes higher taxes and pay cuts for government officials. Greece has been making an effort to shore up its fiscal deficit in order to convince the EU and investors that it is committed to taming its budget crisis. At the same time, there is talk that Greece is prepared to go to the International Monetary Fund if the EU fails to come through with sufficient aid.


Technically, the Euro confirmed Tuesday’s closing price reversal bottom with a follow-through rally last night. The current rally is getting close to the last main top at 1.3692. A trade through this level will turn the main trend to up for the first time since December 7th, 2009.  With a record amount of short positions against the Euro, a change in trend and a resolution to the Greek budget crisis could trigger the start of a massive short-covering rally back to 1.4000. Gains could be limited if shorts don’t budge and if the developing deficit crisis in Spain flares up. Talk is circulating that hedge funds may face new regulations. If this story proves to be true then look for the short-covering rally to begin soon.


The March British Pound is gaining back some of its loss from earlier in the week because of the firmer Euro and on speculation that capital will stay in the U.K. if Prudential PLC’s takeover of AIA Group, Ltd. is delayed. The developing move looks like short-covering rather than trend changing. The poor state of the U.K. economy, its budget deficit and a dovish monetary policy should continue to keep a lid on appreciation. Furthermore, concerns that the Labor Party may gain a majority stake after the upcoming election should continue to keep downside pressure on the British Pound.


The Dollar is trading slightly lower against the Yen overnight as traders remain a little tentative that a resolution to the Greek budget crisis will be reached soon. After failing to extend gains to a key .618 price level at 1.1356, downside pressure is helping to push the March Japanese Yen toward the 50% support level at 1.1227. Selling pressure came in last night after a break through the last top at 1.1295 failed to encourage more buying. A closing price reversal top today or a break under the 50% level at 1.1227 will be a sign that a short-term top has been reached.


The rally in the Euro is helping to support the March Swiss Francs. Traders are buying this currency in anticipation of a deal between Greece and the European Union. A stronger Euro reduces the need for the Swiss National Bank to intervene to protect its economy. The charts indicate that upside pressure could take this market up to .9526 over the near term.


The March Canadian Dollar is trading higher, but inside of yesterday’s range. Upside pressure is coming from a pick-up in demand for higher risk assets as investors feel more confident that Greece and the European Union will reach a bailout agreement.  Yesterday the Bank of Canada voted to leave interest rates unchanged but left open the door for a rate hike after June if the economy continues to heat up. Earlier in the week it was reported that Canadian GDP grew by 5.0% versus pre-report guesses of 4.2%.


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