User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday May 7, 2010 - 13:39:25 GMT
Black Swan Capital -

Share This Story:
| | Email

A short story about denying Mr. Market

Key News
  • The Bank of Japan moved to offer Y2,000bn ($21.6bn) in overnight liquidity on Friday to “increase markets’ sense of security” because of turmoil resulting from the debt crisis in Greece. (FT)

USDJPY Daily - Yikes!!!!! [Chart not available in text format.]

The seas are quiet when the winds give o’er;
So calm are we when passions are no more.
For then we know how vain it was to boast
Of fleeting things, so certain to be lost.
Clouds of affection from our younger eyes
Conceal the emptiness which age decries.

The soul’s dark cottage, batter’d and decay’d
Lets in new light through chinks that Time hath made;
Stronger by weakness, wiser men become
As they draw near to their eternal home.
Leaving the old, both worlds at once they view
That stand upon the threshold of the new.
—Edmund Waller, Old Age

FX Trading – A short story about denying Mr. Market

Unfortunately the German parliament voted to approve 22.4 billion euro loans for Greece today.  The euro bounced on the news.  I was hoping of course for lawmakers there to finally drive a stake through the heart of that silly artificial government bungled construct known as the single currency and do us all a favor.  

A stake through the euro is what market is telling us should be done.  But of course, how dare the market make a judgment on the wisdom of political hacks…how dare it!  Speculators must be punished I tell you.  Off to Room 101! [Room 101 of course, is that place where one’s worst imagined fears are brought brilliantly to life in the name of loving rehabilitation by Big Brother in George Orwell’s 1984.]

I’m not sure about you, but watching the IMF pouring my few tax dollars down the rat hole of incompetent welfare states across the European continent in order to improve the self-esteem of the same government leftists that created the problems in the first place isn’t quite my Room 101, but close.  I agree with the Greek protestors—IMF get the hell out and save us all some money.  

I realize it is selfish of me to utter such things.  But I have a good reason.  Given the clown-regime now “running” the US economy, seemingly working overtime to remake our system into one of those “success stories” in Europe, we need to reserve our precious dollars so money can be wasted here at home first.  You remember the phrase, “Rat hole pouring begins at home.”  Well, maybe that wasn’t quite it.  But I think you know where I am going with this.  

Markets are made clear; those markets least hampered by government intervention clear best.  Those markets that clear best are the most efficient.  The most efficient markets are driven by a real market pricing system.  When government interferes with the pricing system, things go badly.  The longer the interference, the worst the inefficiencies become.  No matter how much European or US politicians try to deny this fact—they cannot.  They only continue to lie about it in order to remain in power to serve the corrupt, incompetent, and stupid among us.  [Those are my three boxes for those who love government intervention.]

But, Mr. Market isn’t stupid or incompetent or corrupt.  This is not to say that corrupt people don’t use the market to their benefit.  It is to say that if you are a competent person who is struggling to stave off government intrusion, the market is the only viable way.  Thus, it’s why politicians vilify it so—it is the enemy of the state in so many ways.  Okay…enough of that…sorry…

So here is the story.  In order to spread unity and peace throughout the fair land, and of course consolidate your political power over serfs in the process, you create a non-market-based scheme to achieve those objectives.  Then, when all see if for what it is—a completely bankrupt and corrupt waste of the serfs hard earned money, you attack the market for creating the problem.  It is a beautiful thing and why the stupid are so easily fooled.  And because the corrupt and incompetent benefit so mightily, they join the chorus of damming the market.  What a game! One really must marvel at how well the best players out there have mastered this sport.   

So here is the reality.  The Eurozone created the single currency—a non-market based scheme under the guise that all would benefit mightily from it.  Efficiencies and wealth would abound—guaranteed in fact.  Slam dunk they said.  So, in order to achieve this grand scheme, what a better way to get the serfs buy-in then to first flood them with cash and all the consumer goods they can buy by allowing fiscally questionable countries to borrow at the same interest rate as Germany—the shining fiscal star o the hill.  Years of this has created what is likely the most massive misallocation of capital in the history of mankind—money created without underlying wealth creation to match it. 
So, how to solve this problem? 
  1. Just keep doing the same thing and expect a different outcome.
  2. Outlaw the market altogether and create a new 5-year plan.
  3. Drive a stake through the heart of this system and free the serfs from Brussels-based dictates. 
I think where know where Mr. Market is placing his bet.  

Jack Crooks


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