User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday April 1, 2005 - 10:31:04 GMT -

Share This Story:
| | Email


Euro Stays Buoyant Ahead of the NFP

For the second night in a row the euro is ignoring weak European data as traders zero in on the upcoming Non Farm Payroll report from the US due 13:30 GMT. European Manufacturing PMI data was weaker than expected across the board with Italian PMI slipping to 49.1 (below the 50.0 expansionary level). Plagued by the usual culprits of high oil and strong euro European manufacturers suffered a setback in February as New Orders component decreased materially falling nearly 2 pointy in the EZ-wide PMI report. The FX market. however roundly ignored the data rallying the euro to session highs of 1.2976 as dealers prepared for US employment figures.

Yesterday’s US eco data only added to the confusion as weekly jobless claims rose to a monthly high of 350K but the Chicago PMI saw a jump to 69.2 from 60.5 indicating possible strength in corporate demand. The Bloomberg consensus estimate has been consistently lowered as the week progressed. Starting at 225K on Monday it went to 219K yesterday and presently stands at 213K, only 2K higher than the latest Goldman Sachs/ Deutsche Bank derivatives auction forecast. Venturing even farther afield we see that the contract is only pricing in 25% chance of greater than 250K result. The general rule of thumb for today’s NFP seems to coalesce around the 200K figure. If the number prints above that value it should be supportive for the dollar, below and the euro bulls are likely to push the pair above 1.3000 figure. Finally on the off chance that NFPs report materially higher (above 250K) the dollar longs may be able to resume their rally in earnest, especially because our latest positioning reading indicates that more traders are leaning to the buy side in the EUR/USD and would be vulnerable to a sharp sell-off.

Turning for a moment to Japan, the quarterly TANKAN survey of Large Manufacturers was a major disappointment printing at 14 versus expectations of 23. The reading was the lowest value of the year and again underscored the structural problems of the export-driven Japanese economy. Yet the USD/JPY traded off the session highs as dealers positioned for the NFPs. Furthermore, as we’ve noted before, the Japanese economy doesn’t suffer from anything that can’t be cured by lower than $50/bbl oil prices. As we enter the seasonally slower time for the oil markets, FX traders may be anticipating that fact and will be reluctant to sell the yen lower barring additional bearish data.

FX Spot Overnight

- EUR above 2950 awaiting NFPs
- JPY trades to 107.60 on Japanese poor TANKAN results but retraces some losses
- GBP steady at 8860 as PMI in-line
- CHF below 1.2000 awaiting own PMI and NFP

Upcoming Events

- 13:30 GMT – (08:30 AM EST) CHF SVME-Purchasing Managers Index Mar Expected 49.7 Previous 47.9
- 13:30 GMT – (08:30 AM EST) USD Unemployment Rate Mar Expected 5.3% Previous 5.4%
- 13:30 GMT – (08:30 AM EST) USD Average Hourly Earnings m/m Mar Expected 0.2% Previous 0.0%
- 13:30 GMT – (08:30 AM EST) USD Average Hourly Earnings y/y Mar Expected 2.5% Previous 2.5%
- 13:30 GMT – (08:30 AM EST) USD Change in Non farm Payrolls Mar Expected 219K Previous 262K
- 13:30 GMT – (08:30 AM EST) USD Change in Manufacturing Payrolls Mar Expected 7K Previous 20K
- 13:00 GMT – (08:30 AM EST) USD Average Weekly Hours Mar Expected 33.7 Previous 33.7
- 14:45 GMT – (09:45 AM EST) USD University Of Michigan Confidence (Mar F) Expected 92.5 Previous 92.9
- 15:00 GMT – (10:00 AM EST) USD Construction Spending m/m Feb Expected 0.6% Previous 0.7%
- 15:00 GMT – (10:00 AM EST) USD ISM Manufacturing Mar Expected 55.0 Previous 55.3
- 15:00 GMT – (10:00 AM EST) USD ISM Prices Paid Mar Expected 65.9 Previous 65.5
USD Total Vehicle Sales Mar Expected 16.6M Previous 16.3M
USD Domestic Vehicle Sales Mar Expected 13.2M Previous 13.0M


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