User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday April 7, 2010 - 20:27:11 GMT -

Share This Story:
| | Email

Daily GVI Forex Forex View- EUR Heavy Again

The Daily Forex View

EUR Heavy Again

20:00 GMT- Apr 7 ( Forex markets mainly digested a positive 10-yr auction on Wednesday. The yield on the 10-yr afterwards was down by about -10 bps to 3.86%. This kept it in range of the psychological 4.00% line. News highlights were the outcome of the Bank of Japan policy meeting (rates unchanged) and Services PMIs from Europe (flash estimate revised higher) and U.K., weaker than expected. As noted recently, USD sentiment has been developing positively, but that improving sentiment could be slowing. 

As for the FOMC minutes yesterday it seems the central bank is starting to extricate itself from the extended period language straight-jacket. Such would be sensible if they are considering hiking rates in September (or in 4Q10). We do not read much more into the notes.  


CHARTS: Forex pairs vs 2-yr note spreads


Forex   EUR vs.     GBP vs. 20:06
EUR 1.3354 -50 JPY 124.62 -94 JPY 142.29 -81
GBP 1.5247 -29 GBP 87.58 -16 CHF 163.60 44
CHF 1.0730 49 CHF 1.4329 12 CHF vs.    
JPY 93.32 -35       JPY 86.97 -73

The EURUSD is weaker and the EURGBP is steady. The GBPUSD fell after a weaker than expected U.K. March Services PMl. The Eurozone March flash Services PMI was revised higher. Also the Greek mess just will not go away. In the U.K., the general election set for May 6 has the markets reacting to each new headline. This should go on for another month. Polls have been mixed, but most favor the Tories. We continue to have a fundamentally bearish bias for the EURUSD and GBPUSD. EURGBP is a toss-up.

The EURCHF is steady. The SNB may have been in the markets today. Some say all week. The central bank intervened noisily last week in the EURCHF cross and in USDCHF.  The chronic weakness of the EUR vs. the CHF continues to be a bad omen for the EUR.  

The USDJPY pair is lower, and the EURJPY cross is down.  BOJ Governor Shirakawa said the economy has been picking up after the BOJ meeting  Thursday. Nevertheless, its focus remains on combating deflation. There remains persistent talk that there is a lot of yen waiting in the wings ready to be sold. We remain bullish USDJPY, but EURJPY is a tough call.

COMMODITIES and Commodity Currencies


Commodity         20:06
CAD 1.0049 38 AUD 0.9278 -6 Gold 1149 14.10
CNY 6.8264 4 NZD 0.7077 13 WTI 85.61 -1.17

.The risk trades continue to send mixed signals. The commodity currencies (CAD, AUD and NZD) are mixed. Comments by Canadian Finance Minister Flaherty late Tuesday suggested not too much concern about the strength of the currency. A major focus of his comments was the orderliness of the move. A stronger currency takes the pressure off the central bank to tighten policy.  Oil and gold are mixed. We continue to favor the AUD and CAD from a fundamental perspective. The NZD is looking vulnerable.  

Far East equities were higher. European bourses ended lower. U.S. equities are down. In U.S. Treasuries, the focus is on the 10-yr note and the psychological 4.00% level. The U.S. 10-yr was last 3.86%, -10 bps. Bonds are a counter to risk trades because risk investments must somehow be financed. When the cost of money moves up  (higher interest rates), the return and allure of risk trades falls.



Equities           20:06
NIK 11293 11 DAX 6222 -30 DJIA 10887 -81
HSI 21929 392 FTSE 5762 -18 S&P 1180 -5
SSEC 3148 -11 SMI 6843 0 NAS 2428 -8
ASX 4961 7       TSE 12078 -70


UPCOMING DATA HIGHLIGHTS:  Far East markets on Thursday will see Japanese current account and machinery orders data. Australian employment data are due also. In Europe , Swiss unemployment data are slated. The Eurozone releases retail sales data and German industrial output is on the docket as well. The U.K. releases manufacturing and industrial output data. Monetary policy decisions are due from the Bank of England and European Central Bank. In North America, the U.S. releases weekly jobless statistics, weekly natural gas inventories and will hold a 30-yr auction.

See ECONOMIC CALENDAR for a complete list of future forex market events and consensus data estimates. Go to the forex forum for up-to-date market developments and technical trading ideas.

John M. Bland  is an author, and co-founder and partner of in 1996. Before that, he was a Vice-President and senior dealer in the fx inter-bank and futures trading arm of the  Continental Grain Company in NYC. Previous to that, he was an early member of the Chemical Bank (NYC) corporate advisory service. He also worked in international liability management. John has an MBA from the Hass School at the University of California at Berkeley and a bachelors degree in International Economics from Berkeley.


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