User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday February 8, 2006 - 18:40:30 GMT
Foreign Exchange Analytics -

Share This Story:
| | Email

Greenspan Has Not Left The Building

It is no mystery by now that Fed Chairman, oh I mean ex-Chairman, is out making a buck (hearing $150,000 an appearance) speaking to Wall Street's
finest. He has had more than one discussion - three that I am aware of - just days after leaving the Fed Board.

Is this unseemly? Not on premia fascia alone. He has every right to charge for his advice and recall that he has spent most of the last 20 years underemployed, in terms of compensation, working as a public servant.

What makes some red in the face is that he can speak about Fed policy and the economy just days after leaving the Fed when his insights are most relevant and freshest and impact markets. Look at eurodollar futures today if you have any doubt. His message appears to have been there is more work to be done with Fed funds (to check inflation). Its great if you were among the lucky few to attend as the rest of the b-list money managers are only now just hearing about the meeting.

So a few morsels tossed to the great whites of the financial market deep blue have impacted the rate structure. Gee that sounds an awful lot like the same old risk management approach the Maestro is known for. Tweak expectations to move asset prices in line with Fed (Greenspan) mouth policy. Only problem here is he is not speaking to one or two journalists tight with the Fed Board to disseminate his views. He is talking to the heaviest hitters around and ones that can move markets. Greenspan knows the game. To charge top premium for his appearances he needs to disseminate actionable insights. And less than a week after leaving the Fed I would say insights resemble more objective truths than subjective opinions. The views of the Chairman are most actionable right now and will become less actionable as time progresses. He knows this, the Street knows this, and so do the rest of the investment community unlucky enough to hear about it hours after the fact yet know this.

The Fed Board has already issued a statement clearing Greenspan or any Fed Board resignee to speak freely to whomever and wherever he or she likes. The only caveat is that he must not divulge sensitive information. I am not sure this is very well defined. I believe it only means not speaking about details of actual FOMC votes, or disclosing exclusive forecasting models the Fed uses. By the looks of short end of the curve today it would appear that the Chairman is free to say where he "thinks" Fed funds are going.

Ironically, the NY Fed has disclosure rules for former employees. They are not allowed to speak to anyone about anything at the Fed for a month...and that covers every level of professional employment.

What I find unseemly is that Greenspan can't give up open mouth policy and a very direct control over the US interest rate structure. And he must be aware that he undermines his successor rather directly. Bernanke will inherit a yield curve that Greenspan helped shape through Jan31's FOMC meeting, and after the Jan31 FOMC meeting. Who is kidding whom? Bernanke does not need Greenspan cluing in the largest hedge fund managers to where he (Greenspan) thinks he (Bernanke) will take the funds rate. And to charge for it as well.

The only issue of unseemliness for Greenspan is how much to charge. Too much would be unseemly. But take it from me Al, $150,000 is far from unseemly on pricing of former Fed info (pretty exclusive info)...try adding another two zeros for starters.

Greenspan will surely have all the face time he asks for with Fed Board members. But I am going to bet that Ben Bernanke will not be among the sycophants eager to see a rather pathetic Maestro who won't leave the stage. Bernanke does not need Greenspan impacting asset prices and market rates with insightful, paid in full, views. Greenspan has not left the building.

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 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