User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Monday June 28, 2010 - 13:10:59 GMT
Forex Hound -

Share This Story:
| | Email

G-20 Decision Sends Stocks Higher

Global and U.S. equity markets were trading better ahead of the New York opening. Investors bought stocks last night after the G-20 nations pledged to maintain stimulus plans until their economies fully recovered. The pumping of money into the economy has been one of the main catalysts throughout this entire 15 month rally.


The September E-mini S&P 500 is resting on a .618 support level at 1072.50 this morning. Building a support base at this level could trigger the start of a rally back to 1096.00. On Friday this index made a daily closing price reversal bottom at 1062.75. A follow-through to the upside will be further evidence of building strength.


Traders will be watching today’s personal income and personal spending reports for direction, but the main market mover will be the Case-Shiller housing report. Last week a pair of bad housing reports as well as a dovish outlook for the economy by the Fed helped drive stocks lower.


September Treasury Bonds and Treasury Notes are sitting on their lowest yields of the year. Last week’s dovish comments from the Federal Open Market Committee encouraged traders to buy Treasury instruments because the Fed is likely to keep interest rates low for a prolonged period of time. Better U.S. economic data will encourage investors to take profits at current levels.


The U.S. Dollar traded mixed overnight as traders mulled over the suggestions of this weekend’s Group of 20 meeting. At the conclusion of the meeting on Sunday, G-20 members reached an agreement on common goals for deficit and debt reduction. After the Asian markets opened, traders made a move toward risk but quickly turned sellers when it became clear that the G-20 decision would have little impact on today’s trade because of its neutral outcome. 


Based on the overnight trading action, it looks as if today’s markets will largely be determined by U.S. and European economic data.


Last week’s poor U.S. housing data pressured the Dollar against the Euro and British Pound as traders looked toward these currencies for a better return on investment. With the U.S. economy weakening and the Fed taking a dovish stance on the economy, many traders felt the Fed would keep interest rates low for a prolonged period of time.


Germany and the U.K. on the other hand have decided to adapt more austere financial measures to help cut their deficits. This made their respective currencies more attractive. Or did it? Some investors feel this week that the Dollar was actually being sold because of the weakening economy rather than these currencies being bought.


The Commodity Trading Commission’s Commitment of Trader’s Report confirmed this conclusion as Net Shorts in the Euro rose to 70,974 on June 22nd from 62,360 a week earlier.


The U.S. Dollar may gain today if the economic news continues to surprise to the downside.  At some point, safe haven flows will likely resume with the U.S. Dollar and Yen rallying further if risk demand fades with the weakening global economy.


Today’s Personal Income and Personal Spending reports will give traders a clue as to how much consumers are earning and how much they are spending. The Case-Shiller report will offer investors another look at the U.S. Housing market. Should these reports come out weaker than expected then look for traders to seek safety in the Greenback.


At the G-20 summit, world leaders pledged to maintain stimulus plans until their economic recoveries are solidly in place. Based on the decision to raise bank capital requirements, it is clear that they will need to raise significant levels of capital. This could slow down the rate of economic growth because it will mean capital will have to leave the economy.


Furthermore, the Dollar may gain on the thought that the austere financial measures taken by Germany and the U.K. will actually slow down global economic growth. Some feel that because of the weak U.S. economy, the Fed will have to continue to maintain its stimulus while Germany and the U.K. will actually be cutting spending. If this becomes the case then it means that Germany and the U.K. will be counting on a weaker Euro and British Pound to increase demand for exports while their economies use the weaker currencies to pull out of their economic downturns. Some investors believe that Germany and Great Britain may be cutting their deficits too soon.


The key to the Forex markets today and most likely this week will be U.S. economic data. Everyday this week, key economic data will be released, ending with the June Employment number on Friday.


After this week’s G-20 leaders decided to focus on deficit and debt reduction, weak economic reports this week may make these countries change their minds about enacting austere financial measures too soon if U.S. economic reports indicate a more dovish economy. Countries are walking a fine line right now as to whether to cut spending or maintain stimulus.




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 23 October 2017

Register for the Amazing Trader


Amazing Trader EVENT RISK Calendar:

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: Medium Tue-- All Day Global flash PMIs. First good look at October economic performances.

  • POTENTIAL PRICE RISK: HIGH Wed-- 01:30 GMT AU- CPI. Top Inflation indicator.

  • POTENTIAL PRICE RISK: HIGH Wed-- 08:00 GMT DE- IFO Survey. Top German indicator.

  • POTENTIAL PRICE RISK: HIGH Wed-- 14:00 GMT CA- BOC Decision. No Policy Change Expected.

  • POTENTIAL PRICE RISK: Medium Wed-- 14:30 GMT US- EIA Crude. Top Weekly WTI Statistic.

John M. Bland, MBA
co-founding Partner,

EXCLUSIVE: Global-View Daily Trading Chart Points Updated

EXCLUSIVE: Global-View Free Forex Database updated


Trader's Advocate Articles..


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.



Copyright ©1996-2014 Global-View. All Rights Reserved.
Hosting and Development by Blue 105