User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday June 3, 2005 - 13:22:57 GMT
Foreign Exchange Analytics -

Share This Story:
| | Email

Forex: Talking The Other Side Of The Trade

Talking The Other Side Of The Trade

No worries I have not abandoned my longer-term bear view on the dollar. But the euro has been exposed this week for what it really unequivocal
monetary success and a political birds nest. When European politicians are calling the shots for the euro it invariably sinks. When the ECB is calling the shots as in most of the time it is a reasonably strong currency. I simply ask was it ever anything else? The answer is no. But some things get tucked away while other things that drive markets prove compelling...unsustainable twin US deficits and the needed adjustment in the dollar was a compelling story and surely will be again ahead. But now it is not. Now Europe's two powerhouses, Germany and France, are scrambling to win back the confidence of the people who have grown tired of high unemployment, erosion of state benefits and Anglo-drift...emulating UK and US economic model.

The danger ahead is that Chirac/Villepin and Schroeder running on desperate blow budgets out of the water with an attempt to buy measurable jobs growth. Alternatively they could take an even darker path of importing prosperity with deliberate efforts to weaken the euro a lot more. Or they can do nothing and wait to be voted from office. Villepin has promised to win back the confidence of the people in 100 days. That is after curing cancer and unlocking cold water fusion.

Not even a stingy ECB will be able to stop this struggle for political survival. At best they can conduct damage control. Asserting authority over currency policy (including verbal and real intervention if needed) will be necessary if politicians take the "easy" route to employment growth.

But no this is not the end of the euro as some have claimed. Central banks are not going to reduce euro reserves...they are likely to continue to add
to them despite the political crisis. What it means to me is that the euro is headed into a new lower range (lower than I thought a week ago, for the record) of 1.19-20 area on the downside and 1.24-25 on the topside.

Furthermore, the more the dollar strengthens (and on a broad basis with euro weakness the catalyst) the more US external imbalances are compounded, and the greater the likelihood of a disorderly adjustment later.

And to fully expect a major sustainable downtrend in euro/dollar from current levels you need to really like chances of US budget deficit reduction, a sound US housing market where home ownership justifies enormous household debt loads, reject Dallas Fed President Fisher's belief that Fed tightening is nearing a pause and the yield curve is flat because of unprecedented confidence in the Fed getting it right (a Fed affected permanent reduction in risk). We all know the rather pathetic fundamental story in the Euro is being aired regularly in just about every bit of Cyberspace. But you need to buy into a Panglosian (best of all possible worlds) view on the US to expect major new dollar gains and euro losses from here (1.2275).

On the surface US fundamentals appear strong, and very strong next to Europe and Japan. But probe under the armor and the knight is soft and vulnerable. Sure it sounds convincing when pundits hit the airwaves (Jack Welch today) saying "where else is the world going to put surplus savings but in the US?" However, in a world where risk aversion soars and the sustainable quickly turns unsustainable, creditor currencies come out on top and debtor currencies come out on the bottom. Always.

David Gilmore


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