User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday October 4, 2005 - 17:34:30 GMT
GCI Financial -

Share This Story:
| | Email

Forex Market Commentary and Analysis (4 October 2005)

The euro moved higher vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.1950 level and briefly traded just below the $1.1900 figure. This represents the first time the common currency has traded with a $1.18 handle since 8 July. Interest rate expectations continue to support the dollar. Atlanta Fed President Guynn yesterday said the Federal Reserve “has a way to go” in its current tightening cycle. The core personal consumption expenditures index was last week reported to be up +2.0%, above-trend and an indication that inflation pressures are on the rise. Dallas Fed President Fisher and Philadelphia Fed President Santomero are scheduled to speak today and will likely continue the recent hawkish Fedspeak from policymakers. Traders, however, are beginning to pay closer attention to more inflationary data coming out of the eurozone and some dealers believe this may accelerate the European Central Bank’s eventual monetary tightening. August EMU-12 producer price inflation data today revealed a 0.4% m/m and 4.0% y/y surge, significantly higher than expectations. ECB policymakers will scrutinize these and data to determine if they have a second round effect on consumer prices and wages. Still, most market participants believe the ECB will not begin to tighten until H1 2006. The ECB will convene this week and traders will be alert for any indication of more hawkish rhetoric from President Trichet and others. Other eurozone data released today saw August unemployment print at 8.6%, up from 8.5% in July. Euro offers are cited around the $1.1965/ $1.2030 levels.

¥/ CNY

The yen fell to fresh multi-month lows vis-à-vis the U.S. dollar today as the greenback tested offers around the ¥114.40 level and was supported around the ¥114.00 figure. Today’s range was limited and some dealers attribute that to reported option-related orders up around the ¥114.50 level. Bank of Japan Policy Board member Haru became the latest official to speak about the eventual unwinding of Japan’s long-standing quantitative easing policy overnight. The possibility is now rising that (the year-on-year change in) the nationwide core consumer price index will come to around zero or start posting a rise by around the year-end with the ongoing economic recovery helping to push Japan out of a decade-long (period of) deflation. If these assumptions are met, the possibility of changing the current policy framework will gradually rise in early 2006.” BoJ policymakers and the government are in the middle of opposing public relations campaigns about the inevitable end of Japan’s unorthodox monetary policy. Finance minister Tanigaki today reiterated he sees deflationary pressures persisting. Data released in Japan overnight saw the September monetary base climb 1.7% y/y, up from August’s 1.1% rate. The Nikkei 225 stock index climbed an impressive 1.58% to close at ¥13,738.84. Dollar bids are cited around the ¥113.60 level. The euro moved higher vis-à-vis the yen as the single currency tested offers around the ¥136.45 level and was supported around the ¥135.90 level. The British pound and Swiss franc appreciated vis-à-vis the yen as the crosses tested offers around the ¥201.20 and ¥87.95 levels, respectively. In Chinese news, G20 finance ministers and central bankers will convene in China on 15-16 October.

The British pound reversed course and moved higher vis-à-vis the U.S. dollar today as cable tested offers around the US$ 1.7620 level and was supported around the $1.7510 level. Data released in the U.K. today saw mortgage equity withdrawal rise to £8.8 billion in Q2 from an unrevised figure of £6.4 billion in Q1. This represents the highest level since Q3 2004 but is probably not indicative of a significant increase in housing market activity. Other data released today saw the CIPS headline construction index recede to 57.2 from 57.4 in August, the 46th consecutive month of expansion. Cable offers are cited around the $1.7725 level. The euro came off vis-à-vis the British pound as the single currency tested bids around the £0.6770 level.


The Swiss franc was little-changed vis-à-vis the U.S. dollar today as the greenback tested offers around the CHF 1.3035 level and was supported around the CHF 1.2985 level. Data released in Switzerland today saw September CPI up 0.4% m/m and 1.4% y/y. Credit Suisse released some forecasts for the Swiss economy today and now expects GDP growth of 1.4% in 2005 and 1.7% by 2007. The bank also expects inflation to remain under control but expects Swiss National Bank to “try top prevent any build-up of potential inflation that could take effect after 2006.” Dollar bids are cited around the CHF 1.2930 level. The euro and British pound moved higher vis-à-vis the Swiss franc as the crosses tested offers around the CHF 1.5525 and CHF 2.2925 levels, respectively.


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