User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday March 25, 2010 - 14:51:57 GMT
Black Swan Capital - www.blackswantrading.com

Share This Story:
| | Email

We’re fine, but you may want to do something about ...

Key News
  • Jobless Claims in U.S. Decreased More Than Economists Estimated to 442,000 (Bloomberg)
  • European Central Bank President Jean-Claude Trichet said the bank will extend its emergency collateral rules beyond 2010, softening his stance as Greece struggles to cut a budget deficit that is 12.9 percent of gross domestic product. (Bloomberg)
  • Sales of New U.S. Homes Dropped in February to Lowest on Record (Bloomberg)

 Quotable

“I hold it that a little rebellion, now and then, is a good thing, and as necessary in the political world as storms in the physical. It is a medicine necessary for the sound health of government.” —Thomas Jefferson

FX Trading – We’re fine, but you may want to do something about ...

Good ole Greek Prime minister, running his motor again. As Reuters summed it up:

BRUSSELS, March 25 (Reuters) - Greek reforms are on the right track and will continue to be so regardless of whether  European Union leaders offer Athens a financial safety net at a summit on Thursday, Greek Prime Minister George Papandreou said.
   
He told reporters before the start of the EU summit in Brussels that any solution offered for Greece's debt problems should come from Europe and that it was important to stabilise the euro.

In other words, don’t worry about us; we’ll worry about ourselves. But if you do find it in you to lend a helping hand then think about what your efforts might be able to do for the common currency. After all, we’re in this together, brothers.

Fresh.

Well it’s a good thing Greece is on track with everything thanks to its own efforts, because now Portugal is on the naughty list and Germany put a dead-bolt on their bailout-thy-neighbor fund. From eurointelligence.com ...

This is hard to believe - and a sign of the confusion now deliberately spread by German officials. According to FT Deutschland Germany wants to achieve that the subject of aid to Greece is not at all addressed during the summit. The Greeks have not asked for help so there is no need for a decision now, is the official reasoning. The German government also says no invitations have been issued for a special eurozone summit.
 
The line in all the German media is that Merkel's position has been hardening, and that she has recent some support from other leaders over IMF involvement. The European Commission also seem to have given up its resistance to such a plan. Le Monde quotes Commissioner Olli Rehn trying to save a compromise by saying that the IMF could be a partner of an EU led initiative.

And then, talk about a road block ... how about the clout of nearly a 1.5 billion people strong economy? Yeah, you know, China – the place where economic growth never sleeps.  A deputy governor at the PBoC seems to think the Greek tragedy is just beginning. (As insignificant as that comment may seem coming from a deputy governor in China, people seem to take Chinese officials’ comments as scripture these days, at least as far as the immediate risk appetite is concerned.)

The press is starting to hit on reasons other than strictly “indebtedness” to explain the weakness across the Eurozone. In doing so they’re finding that there exists a growth problem in these deficit-distressed countries; lack of competitiveness is coming to the fore; Germany is the dominant economic force, period; others can’t operate successfully in a one-size-fits-all system.

As we’ve been saying for a while, this dynamic has created imbalances within the Eurozone. We were sent these numbers yesterday, courtesy of Leto Market Research:

Prior to the Euro’s introduction, the South accounted for 25% of German surpluses or $19 billion, but in 2008 it was 43% of surpluses or $113 billion, and 3% of German GDP.  That equals more than twice Germany’s GDP growth (1.25%) for 2008.

The Leto piece went on to summarize the reason for Germany to exit the euro. But I’ll defer to Leto, as it was said so well the first time, as to why Germany may stay in:

Under these conditions, what could keep Germany in the Euro?  There are two possible reasons:
  1. Germany may wish to use the proposed conditions of strict, direct supervision to grab any national asset worth having in the indebted South, and
  2. Germany may wish to avoid the 20% or more revaluation of the Deutsche Mark if it were to revert to the DM under current conditions.

But the same motivations that may make Germany want to stay in the Euro are the same two that may make the Eurozone South want to leave the Euro.

As is hopefully clear by now, there remains a long, tough road ahead of the euro if it is to emerge from this crisis in one conglomerate piece. 

But ...

... if for some reason you expect the euro is due for a bounce, perhaps now’s the time to play for it ... but not against the dollar; against the Swiss franc ...

EURCHF Weekly [Chart not available in text format.]

The pair, in the last two weeks, has quickly recaptured its Q4 2008 spike low. Market physics may be enough to expect a recoil soon. But if that’s not enough, the Swiss National Bank seems like they’re going to keep sticking their finger in the market to stem the franc’s strength relative to the euro.

BERNE, March 25 (Reuters) - The strength of the Swiss franc is a burden for Switzerland's economy and a reason for concern, the country's economy minister said on Thursday.
 
"It worries me when the Swiss franc is too strong," economy minister Doris Leuthard said, speaking to journalists in Berne. It was clear that this was a "huge" burden for the country's export industry, she added.

These two items mean a short-term bounce in EURCHF may lie just ahead. But I don’t know if I’d dare stand underneath EURUSD, summit or no summit.

Place your bets. We are.

John Ross Crooks III
www.blackswantrading.com


David Newman here …

You may or may not be riding the euro down on your own. Either way, yesterday’s move to a new daily low was an important one; and today’s mostly unchanged day may be just as important if you’re going to catch this train before it leaves the station this time.

If you don’t want specific recommendations on when to enter, when to exit, when to tighten up your exposure, then just consider this your warning that the euro is very vulnerable to further selling right now.

But if you want the details – the carefully-timed recommendations – then don’t forget about PositionTrader FX. You get the entry, the exit, and the stop-loss adjustments exactly when we think they makes sense; plus, there’s plenty of analysis to go with it.

What do you say? Don’t waste too much time thinking it over – we offer a 30-day money back guarantee. Read more about PositionTrader FX and check it out our guarantee ...

All the best,

David Newman
Director of Sales and Marketing
Black Swan Capital
dnewman@blackswantrading.com 
Phone: 866-846-2672

 

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 20 October 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:

Fri 20 Oct
12:30 CA- Retail Sales & CPI
14:00 US- Existing Homes Sales


Tue 24 Oct
All Day flash PMIs
Wed 25 Oct
01:30 AU- CPI
08:00 DE- IFO Survey
08:30 GB- GDP
14:00 CA- BOC Decision
14:30 US- EIA Crude
Thu 26 Oct
11:45 EZ- ECB Decision
12:30 US- Weekly Jobless
14:00 US- Pending Homes Sales
Fri 27 Oct
12:30 US- GDP
14:00 US- final Univ of Michigan

Forex Trading Outlook


Potential Trading Opportunities


  • POTENTIAL PRICE RISK: High Fri-- 12:30 GMT CA- Retail Sales and CPI. Top economic indicators.


  • POTENTIAL PRICE RISK: HIGH Fri-- 14:00 GMT US- Existing Homes Sales. Top Housing statistic.



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