User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Monday March 8, 2010 - 22:02:05 GMT
Reuters -

Share This Story:
| | Email

FOREX NEWS-Euro up vs dlr, but gains capped by Greek PM comments

4:19pm EST

* Sarkozy comments help euro on receding Greek concerns

* Greek PM remarks capping euro gains

* China hints it may allow yuan appreciation in future

* Aussie, New Zealand dollars trading higher (Updates prices, adds comment)

By Gertrude Chavez-Dreyfuss

NEW YORK, March 8 (Reuters) - The euro rose slightly against the dollar on Monday as concerns about Greece's fiscal crisis eased after French President Nicolas Sarkozy said there are plans to support the debt-strapped country, if necessary.

For Sarkozy's Sunday remarks, click on [ID:nPAB008209]

Gains in the euro, however, were limited after Greek Prime Minister George Papandreou on Monday warned that if the Greek crisis worsened it could lead to a new global financial meltdown. [ID:nLDE6271WD].

"Sarkozy giving a thumbs up to the euro and an EU backing for Greece gave us a better bid tone before we started the market this morning," said Dean Popplewell, chief currency strategist, at OANDA in Toronto.

"But with the lack of North American data especially after last Friday's surprising U.S. employment report, the market is sitting back and digesting the comments out of Europe especially from Papandreou."

In quiet, late afternoon trading, the euro <EUR=> was slightly higher at $1.3629.

Greece has been a drag on the euro in 2010, which has lost 4.8 percent against the dollar so far this year and 7.6 percent against the yen.

The euro though has held up well this month, trading flat against the dollar after falling 1.5 percent in February. Popplewell said the currency's bias is still clearly negative.

"People do believe Greece's problems are far from over and contagion is certainly a strong possibility," he said.

Yuan non-deliverable forwards, meanwhile, rose to a five-week high after the Chinese central bank chief hinted China would eventually drop the dollar/yuan peg it had imposed since mid-2008 to help fight the global financial crisis. [nTOE62707B]

China has effectively re-pegged its exchange rate at around 6.83 yuan <CNY=CFXS> per dollar since mid-2008.

The China news had little impact on the currency market, although analysts said going forward the Chinese move should make Japanese authorities comfortable with allowing the yen strengthen a bit more.

On Monday, the dollar was flat against the yen at 90.27 yen <JPY=>. The euro was also little changed against the Japanese currency at 123.04 yen <EURJPY=>, having hit a two-week high earlier on Monday.

"Fears of further monetary policy easing by the Bank of Japan seem to have abated somewhat...ahead of next week's policy meeting," said Matthew Strauss, senior currency strategist, at RBC Capital Markets in Toronto.

"However, given the deflationary environment, do not be surprised if market chatter returns to this topic (easing) in the very near future, weighing on the yen."

The Australian dollar <AUD=> was up 0.3 percent at US$0.9094, having earlier risen to its highest since Jan 21.

The higher-yielding currency, boosted by improved risk sentiment, gained further after Royal Dutch Shell <RDSa.L> and PetroChina <0857.HK> are bidding more than $3 billion for Australia's Arrow Energy <AOE.AX>. [ID:nSGE62602R]

Analysts said a break above US$0.9100 helped the currency extend gains, with the next target seen at US$0.9150.

Against the yen <AUDJPY=R>, the Aussie was at 82.09 yen, up 1.7 percent, having earlier hit a two-week high.

The New Zealand dollar <NZD=> rose 0.5 percent versus the U.S. dollar to US$0.6999.

The Aussie and New Zealand dollars were also supported by what seemed like improving risk appetite, with U.S. stocks flat to slightly up and U.S. crude futures trading modestly higher.

(Additional reporting by Nick Olivari; Editing by Diane Craft)

© Thomson Reuters 2010. All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters and its logo are registered trademarks or trademarks of the Thomson Reuters group of companies around the world.

Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.




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