User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday April 16, 2010 - 21:18:06 GMT
Reuters -

Share This Story:
| | Email

CANADA FX DEBT-C$ falls as Goldman charges scare off risk


5:14pm EDT
 * Ends at C$1.0132 to the US$, or 98.70 U.S. cents
 * Touches low of C$1.0165, or 98.38 U.S. cents
 * Markets rattled by Goldman Sachs fraud charges
 * Investors await Bank of Canada for direction
 * Bond prices move higher across curve
 (Updates to close, adds quote)
 By Jennifer Kwan
 TORONTO, April 16 (Reuters) - The Canadian dollar closed a
cent lower against the U.S. currency on Friday as investors
fled risk amid a global stocks rout after regulators charged
U.S. investment bank Goldman Sachs <GS.N> with fraud.
 The currency fell as low as C$1.0165 to the U.S. dollar, or
98.38 U.S. cents, as investors scampered to traditional
safe-haven assets on news that the U.S. Securities and Exchange
Commission charged has Goldman Sachs with fraud in the
structuring and marketing of a debt product tied to subprime
mortgages. [ID:nN16121493]
 "It's the general market market meltdown that happened
after the Goldman Sachs news hit. That seems to be the prime
driver that has pushed equities lower, and commodities have
dropped with it," said Sacha Tihanyi, currency Strategist at
Scotia Capital.
 "Nobody knows if this is the start of something or what
could happen. Markets don't like uncertainty. That's a fairly
big dose of it," he added.
 The Canadian dollar <CAD=D4> finished at C$1.0132 to the
U.S. dollar, or 98.70 U.S. cents, down from Thursday's finish
of C$1.0033 to the U.S. dollar, or 99.67 U.S. cents.
 Also weighing on market sentiment were disappointing
earnings from several big names including Google Inc <GOOG.O>,
while the euro dropped on worries about Greece's debt crisis.
[MKTS/GLOB] The U.S. dollar and yen advanced strongly on Friday
in the flight to safety. [FRX/]
 The Canadian currency was also hurt by data that showed
domestic manufacturing sales rose less than expected in
February, up 0.1 percent from January. Analysts surveyed by
Reuters had forecast a 0.8 percent increase. [ID:nN16446129]
 The stronger dollar and slide in equities om the Goldman
news pushed down the price of oil, a major Canadian export,
while gold prices were also weaker. [O/R] [GOL/]
 Before the Goldman news, market watchers had expected the
Canadian dollar to drift higher ahead of the Bank of Canada's
policy announcement next week. The market is looking for clues
from the bank on the timing of an increase in its key interest
rate from the current low 0.25 percent level.
 Most of Canada's primary securities dealers predicted in a
Reuters poll on Thursday that the bank would wait until July to
raise interest rates as the high-flying Canadian dollar gives
it some breathing room by providing a tightening mechanism for
the economy.  [ID:nN15207373]
 The central bank has pledged to keep rates at the current
low level until the end of June, so long as inflation remains
in check. Higher interest rates normally draw investment and
push up a currency.
 "If they drop the conditional commitment, which we don't
expect, that would be a pretty clear signal that June's in the
crosshairs," said Mark Chandler, head of Canadian fixed income
and currency strategy at RBC Capital Markets. [ID:nN15256700]
 Canadian bond prices rose across the curve as money drained
out of equity markets and flowed into safe-haven bonds. [US/]
"It's a very correlated move," said Scotia Capital's Tihanyi.
 The two-year government bond <CA2YT=RR> climbed 14 Canadian
cents to C$99.34 to yield 1.861 percent, while the 10-year bond
<CA10YT=RR> rose 33 Canadian cents to C$100.56 to yield 3.677
 Canadian government bonds mostly underperformed U.S.
issues, with the 10-year yield 9.3 basis points below its U.S.
counterpart, compared with around 12 basis points the previous
 (Additional reporting by Ka Yan Ng; editing by Peter

© 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