User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday January 13, 2006 - 16:01:53 GMT
GCI Financial -

Share This Story:
| | Email

Forex Market Commentary and Analysis (13 January 2006)

The euro moved marginally higher vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2085 level and was supported around the US$ 1.2025 level. The common currency is poised to close the week with a loss of 90 or 100 pips but chartists are at odds over whether or not the euro’s recent resurgence will continue. Euro bulls believe the European Central Bank will lift interest rates again as early as March to keep inflation in check and believe the Federal Open Market Committee’s last rate hike of the current tightening cycle may be at the end of this month. Euro bears believe the Fed will tighten monetary policy this month and again on 28 March and believe the ECB will not adopt a deep tightening cycle. Chicago Fed President Moskow spoke last night and said the Fed needs to continue its tightening policy to control inflationary pressures, already near the upper boundary of the Fed’s zone of tolerance. Data released in the U.S. today saw December headline producer price inflation climb 0.9%, the largest gain since September, while the ex-food and ex-energy core PPI rate was up a modest 0.1%. For 2005 as a while, PPI was up 5.4%, the largest calendar year increase since 1990. This is an important statistic because Fed policymakers tightened interest rates last year and must be alert for any second-round inflation effects. Notably, the crude producer price index is up 22.1% over the past year and with energy prices again reaching high levels, this will be a concern to Fed officials. These data were countered by U.S. December retail sales figures that saw headline growth of 0.7% and ex-autos growth of 0.2%. October’s and November’s headline retail sales tallies were upwardly revised by a cumulative 0.4%. For all of 2005, retail sales were up 7.3%, off from 2004’s pace of 7.6%. In eurozone news, European Central Bank member Weber said he expects Germany to register GDP growth of about 1.5% in 2006. EMU-12 GDP was up 0.6% q/q in Q3 and was up 1.6% y/y and the European Commission reported its expects GDP to register a gain between 0.4% and 0.8% in Q4 and Q1, increasing to as much as 0.9% in Q2 of this year. Traders are still trying to assess exactly what European Central Bank President Trichet said in his comments yesterday. Most dealers believe Trichet was less hawkish than expected in his remarks but many believe the ECB has clearly left the door open for a tightening in March. Other eurozone data saw German 2005 wholesale prices climb 2.8% y/y. Euro offers are cited around the US$ 1.2110 level.

¥/ CNY

The yen weakened vis-à-vis the U.S. dollar today as the greenback tested offers around the ¥114.80 level and was supported around the ¥114.30 level. Technically, the intraday high was about ten pips below the 76.4% retracement level of the move from ¥113.00 to ¥121.40. Bank of Japan Governor Fukui hawkishly said he expects core consumer prices to continue their rise as Japan’s economy continues to improve. The central bank will not begin to unwind its long-standing quantitative easing policy until the annualized change in monthly core CPI is above zero per cent for a period of time, there is no change of deflation returning, and the economy registers steady growth. There was a report in the Japanese media today that the central bank may upwardly revise its growth forecast for the fiscal year starting in April from 1.8% to 2.0%. In a separate report today, the BoJ upgraded its economic assessment for all regions across the country and said the economy “continues to recover” or “pick up gradually.” Data released in Japan today saw core private-sector machinery orders rise 2.3% m/m in November but failed to meet expectations. Also, Tokyo-area December department store sales were up 2.1% y/y. The Nikkei 225 stock index climbed 0.06% to close at ¥16,454.95, a fresh multi-year high. Dollar bids are cited around the ¥113.85 level. The euro moved higher vis-à-vis the yen as the single currency tested offers around the ¥138.30 level and was supported around the ¥137.60 level. The British pound and Swiss franc gained ground vis-à-vis the yen as the crosses tested offers around the ¥202.95 and ¥89.30 levels, respectively. The Chinese yuan weakened vis-à-vis the U.S. dollar as the greenback closed at CNY 8.0683 in the over-the-counter market, up from CNY 8.0664 yesterday. The pair closed at CNY 8.0683 in the exchange-traded market, up from CNY 8.0661.

The British pound erased some of yesterday’s losses vis-à-vis the U.S. dollar today as cable tested offers around the US$ 1.7730 level and was supported around the $ 1.7590 level. Technically, today’s intraday low was right around the 38.2% retracement of the move from US$ 1.8495 to US$ 1.7045. NIESR released a report today that predicts U.K. economic growth is moving back towards its trend rate of growth. Next week will see a lot of economic data released in the U.K. including inflation data, housing market data, labour market numbers, and holiday retail sales. Cable offers are cited around the US$ 1.7770 level. The euro weakened vis-à-vis the British pound as the single currency tested bids around the £0.6810 level and was capped around the £0.6845 level.


The Swiss franc moved higher vis-à-vis the U.S. dollar today as the greenback tested bids around the CHF 1.2810 level after failing to get through offers around the CHF 1.2870 level. Technically, today’s intraday low is right around the 23.6% retracement of the move from CHF 1.1285 to CHF 1.3285. Traders are talking about the situation involving Iran and its nuclear ambition and how the Swiss franc’s perceived safe-haven status may come into play. Iran broke the United Nations’ nuclear seals this week and has vowed to continue nuclear development. The international community has called for emergency meetings of the United Nation’s nuclear watchdog in response. Dollar bids are cited around the CHF 1.2760/ 1.2690 levels. The euro and British pound gained ground vis-à-vis the Swiss franc as the crosses tested offers around the CHF 1.5495 and CHF 2.2745 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