User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday September 15, 2010 - 01:54:46 GMT
Forex Hound -

Share This Story:
| | Email

U.S. Dollar falls Against All Major Currencies on Stronger Economic Reports

The U.S. Dollar declined against all the major currencies on Tuesday after economic reports showed U.S. retail sales and business inventories rose more than analyst expectations.


The friendly data helped ease investor concerns about the outlook for the global economy, making them more willing to buy riskier assets. Increased appetite for risk drove up demand for stocks and commodities while encouraging the liquidation of assets considered safer, such as the U.S. Dollar.


Traders bought the Euro after the friendly report was released. The EUR USD rallied sharply higher for the second day in a row following a slight setback overnight.  Now that the daily chart has reaffirmed its uptrend, momentum is likely to carry this pair into a Fibonacci/Gann angle price cluster at 1.3049.


Early in the session the Euro was trading lower, giving back some of yesterday’s gains after it was reported that the ZEW indicator of German economic sentiment fell sharply in September to -4.3 from 14 in August. Pre-report economist guesses were for a drop in the index to 9.0.


Despite the overnight weakness, the main uptrend never appeared to be threatened. Traders were basically using the report to pare positions ahead of today’s U.S. retail sales number after yesterday’s sharp move to the upside. Although the report showed economic sentiment had dropped more than expected, the odds remain low that Europe will experience a double-dip recession. The strong rise in the Euro at the Dollar’s expense suggests that investors believe that the European economy will recover faster than the U.S. economy.


Pressure continued to mount on the USD JPY even after current Prime Minister Kan was retained by voters after today’s election. The decision to continue to support the Japanese Yen is a sign that investors are not confident the government or the Bank of Japan’s intent to intervene is not being taken seriously.  Furthermore, investors also feel that an intervention may not be successful now because it requires the cooperation of other central banks which may not be very helpful at this time due to their dealing with economic issues of their own.


Technically, at a minimum, this market is going to have to produce a daily closing price reversal bottom to get the ball rolling to the upside. The best sign of a bottom, however, will be the formation of a weekly reversal, but we won’t know it has formed until later in the week.


The GBP USD finally broke through the downtrending Gann angle which had held this market down since the 1.5997 top formed on August 6. This angle came in on Tuesday at 1.5457. The sharp acceleration to the upside took out stops and attracted fresh buying. The current chart formation and upside momentum indicates that this market is likely to rally over the short-run into a retracement zone at 1.5647 to 1.5729.


Continue to look for the Dollar to weaken as long as there is demand for higher risk assets. In addition, traders must monitor U.S. economic reports. At this time it seems, investors are selling the Dollar on good U.S. economic news but at some point in the future this way of thinking is going to shift. Based on the rally in the T-Bond market, it looks as if investors still expect lower yields, which translates into a weaker outlook for the economy. The Dollar is likely to continue to weaken against the Euro as long as investors believe that the Euro Zone economy is on a faster path to recovery than the U.S. economy.


 Watch the stock market and the Euro as to whether this demand is waning. The problem with the markets lately has been the lack of follow-through and the tendency to take small, quick profits. Coupled with high volatility, this could lead to wild swings.


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