User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday April 15, 2010 - 14:46:48 GMT
Forex Hound -

Share This Story:
| | Email

Stronger Dollar could Pressure U.S. Stocks Today

The stronger U.S. Dollar is helping to put pressure on U.S. equity markets overnight. Concerns about Greek financial problems are pressuring the Euro, leading to a decline in demand for higher risk assets. Traders appear to be lightening up their long equity positions ahead of today’s opening despite the possibility of stronger than expected corporate earnings reports.


Yesterday, Fed Chairman Bernanke ignited a rally in the equity markets with his dovish assessment of the economic recovery and outlook for interest rates. Like it he did several times before, Bernanke basically gave equity traders the green light to continue to buy stocks. This is old news, however, as traders will now have to turn their focus on the reigniting of fiscal problems in Greece. Rather than try to sort out the details, investors may choose to take the easy route and lighten up their long positions.


June Treasury Bonds are trading better this morning, buoyed by weaker equity markets. The overnight rally in the T-bonds appears to be a safety play as nervous traders seek to park funds in lower yielding assets. The charts indicate that 115’29 is going to act as a pivot. Holding this price could help trigger a short-term rally. Falling back below this price could trigger a break to 115’14.


June Gold is trading a little weaker overnight mostly because of the stronger Dollar. Losses may be limited if the Greek sovereign debt situation begins to escalate. Traders may begin to support the gold market if it looks like the existence of the Euro will be threatened. Gold traders may seek protection in hard assets rather than paper currencies.


The falling Euro is putting pressure on June Crude Oil. Yesterday, crude oil rose because of the weaker Dollar and a report that inventories had unexpectedly fallen. Technically, this market may be forming a secondary lower top which could mean the start of a short-term sell-off.


Last night China reported that its Gross Domestic Product grew 11.9 percent from a year ago. This was slightly better than the median guesses of 11.7 percent.  The news, that China’s economy accelerated more than expected in the first quarter, raised concerns that it may be overheating, prompting more talk of a possible interest rate like. Traders are also increasing speculation that China may revalue its currency as soon as next week. If this takes place, look for the Japanese Yen to strengthen and the U.S. Dollar to weaken.


To recap Wednesday’s trading activity, the Dollar lost ground across the board after Fed Chairman Ben Bernanke’s dovish testimony. Testifying before the Joint Economic Committee, Bernanke reiterated the Fed’s stance that interest rates would remain low for an “extended period”. He also said “the income data suggest that growth in private final demand will be sufficient to promote a moderate economic recovery in coming quarter”. Finally, he added that “significant restraints on the pace of the recovery remain including weakness in both residential and nonresidential construction and the poor fiscal condition of many state and local governments.” In summary, Bernanke weakened the Dollar by stating that the recovery will continue to be modest while indicating the Fed has no intention of changing its language regarding interest rates in its FOMC statements.


The June Euro is selling off sharply overnight. Market participants are feeling jittery again because of concerns over Greece. Investors are worried that the IMF/EU $61 billion financial aid plan will not be enough to help the Greek economy and restore confidence in the Euro. At this time, the Euro is facing serious credibility issues.


High premiums demanded by investors on Greek bonds rose 400 basis points above the German Bund for the first time since the rescue plan was announced on April 11th. This is the clearest sign that investors are becoming worried again. In addition, after three tries, the Euro has been unable to take out the high reached Sunday night at 1.3691. Hedge funds continue to be short and appear to be adding to their positions on each rally.


At this time, the course of the Euro remains weak. Over the next week, several European Union nations will be meeting to approve their contributions to the EU bailout plan. This voting process could be another source of turmoil for the Euro. Not only will these nations have to put up the money to back Greece, but they may have to begin discussions about the possibility of similar problems spreading to Portugal.


Now that traders have had almost a week to digest the EU rescue package, a consensus is building which believes that this plan was nothing more than a short-term fix and that long-term problems still exist. Some sources say the key to a long-term solution to the sovereign debt problems in the EU sits firmly on Germany. Pressure is mounting on Germany to loosen up a bit and make it easier for struggling nations to get the aid they need to survive while simultaneously developing a plan to address financial aid issues which may arise in the future.


The June British Pound traded higher early in the trading session after a report showed the opposition Conservative Party’s lead over the Labor Party widened, easing concerns that the May 6th election will produce a hung parliament. Traders had been pressuring the British Pound lately because of concerns that a hung parliament would result in a government too weak to tackle the U.K.’s huge budget deficit.


Traders are also beginning to doubt the viability of the current rally. Speculation is building that bullish traders will begin to liquidate their long positions ahead of the election. Technically, the charts indicate this market may accelerate to the downside if uptrending Gann angle support at 1.5397 is violated today. The most likely downside target is 1.5160 on April 20th.


News that China’s GDP was up slightly more than expected during the first quarter is helping to underpin the June Japanese Yen. Additional support is being provided by traders leaving the higher risk U.S. equity markets. Technically, the charts indicate that upside momentum could take this market to 1.0853 over the near-term. Traders should also note that the general consensus suggests that the Japanese Yen is likely to gain when China decides to revalue its currency.


A drop in demand for higher yielding assets is helping to pressure the June Canadian Dollar overnight. The short-term picture indicates the possibility of a profit-taking break. Traders may also be lightening up positions ahead of next week’s Bank of Canada meeting on April 20th.


For over a year, Bank of Canada Governor Mark Carney has pledged to keep interest rates at a record low of 0.25% through June. Canadian financial markets are indicating, however, that rates may rise as early as June 1. This helped rally the June Canadian Dollar above parity recently.  The bigger picture suggests the Canadian Dollar is likely to continue to rise because of the stronger-than-expected economic recovery and expectations for interest rate increases.



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 23 July 2018
A 14:00 US- Existing Homes Sales
Tue 24 July 2018
AFlash PMIs
Wed 25 July 2018
A 08:00 DE- IFO Survey
A 14:00 US- New Homes Sales
A 14:30 US- EIA Crude
Thu 26 July 2018
AA 11:45 EZ- European Central Bank Decision
A 12:30 US- Weekly Jobless
A 12:30 US- Durable Goods
Fri 27 July 2018
AA 12:30 US- GDP
A 14:00 US- Final 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