User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday February 6, 2013 - 23:21:19 GMT
Reuters -

Share This Story:
| | Email

FOREX- NEWS - Euro rally stalls again as ECB meeting looms

5:41pm EST

* Euro edgy; markets wait to see if ECB will talk down currency

* Downtrodden sterling subdued ahead of BOE meeting

* Aussie dollar near 3-mth lows, jobs data in focus

By Ian Chua

SYDNEY, Feb 7 (Reuters) - The euro drifted lower on Thursday, while sterling wallowed at multi-month lows as cautious investors waited for the outcomes of central bank policy meetings in Europe and Britain.

Any dovish hint could put both currencies under pressure, much like what the Australian dollar saw this week after the Reserve Bank of Australia kept the door open to further rate cuts even as it left its 3.0 percent cash rate steady.

The euro was last at $1.3522, back near this week's trough of $1.3458 plumbed Tuesday. Still, it remained within reach of a 15-month peak of $1.3711 set about a week ago.

Against the yen, the single currency eased to 126.53 from a 34-month high of 127.71.

Sterling was at $1.5665, not far off a 4-1/2 month low of $1.5630 set Tuesday.

To be sure, both the European Central Bank and Bank of England are widely expected to keep interest rates unchanged on Thursday.

Also overshadowing the meetings are incoming BOE Governor Mark Carney's testimony before the UK parliament as well as an Italian banking scandal, which is sure to be a distraction at the ECB's media conference.

While markets appeared to be positioning for dovish comments from the ECB, some analysts suspect the bank will not be that bothered about the recent strength in the euro.

Vassili Serebriakov, strategist at BNP Paribas, said the majority on the Governing Council will probably reason that the euro's strength is a result of real improvement in the financial markets and economic outlook, thus not warranting immediate action.

"That said, our economists suggest that Mr. Draghi will probably soften the overall tone at the press conference, signalling that easing options are still available if needed," Serebriakov wrote in a client note.

This should temper demand for the euro, which has risen more than 2 percent against the greenback so far this year and over 10 percent on the yen.

The overnight pullback in the single currency helped the dollar index climb to a one-week high of 79.864. But the greenback took a breather against the yen, retreating to 93.59 from a 33-month peak around 94.08.

The yen is expected to remain friendless with the Bank of Japan under the most pressure among major central banks to deliver aggressive easing measures.

One standout currency was the Australian dollar, which skidded to a near three-month low of $1.0296. It was last at $1.0315 with immediate support seen around $1.0311, its 200-day moving average.

Traders suspect the Aussie could carve out a new trading range of $1.0150-1.0450, versus the previous $1.0345-1.0600 range.

The Aussie remains vulnerable to any weak economic news, and the market will be closely watching the January employment report due at 0030 GMT. Forecasts centred on a rise of 5,000 jobs and the unemployment rate to edge up to 5.5 percent.

Investors were quick to punish the New Zealand dollar on the back of local data showing an unexpected drop in employment in the fourth quarter.

The kiwi shed about 40 pips to around $0.8383 in reaction to the data, pulling back further from a 17-month high of $0.8493 set Monday.

Thomson Reuters 2011. All rights reserved.




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.

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 15 Oct 2018
AA 12:30 US- Retail Sales
Tue 16 Oct 2018
AA 08:30 GB- Employment
A 09:00 DE- ZEW Survey
A 13:15 US- Industrial Production
Wed 17 Oct 2018
AA 08:30 GB- CPI
A 09:00 EZ- Final HICP
A 12:30 US- Housing Starts/Permits
A 14:00 US- Existing Homes Sales
A 14:30 US- EIA Crude
AA 18:00 US- Fed Policy Minutes
Thu 18 Oct 2018
A 1:30 AU- Employment
AA 08:30 GB- Retail Sales
A 12:30 US- Weekly Jobless
Fri 19 OCt 2018
AA 12:30 CA- CPI/ Retail Sales

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