User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday February 28, 2006 - 11:20:03 GMT
Saxo Bank -

Share This Story:
| | Email

Forex Trading Strategies

EUR/USD in a vice grip ahead of Thursday's ECB. GBP in focus with today's UK Confidence and CBI distributive trades report. GBP/USD to test 1.7300?

First revision to US Q4 GDP report up today - large upward adjustement expected. US Consumer Confidence also on tap.

• Canada Current Account surplus for Q4 was out at +C$13.3B vs. +C$12.5B expected
• US New Home Sales for January out at 1233k vs. 1265k expected
• New Zealand Building Permits for January out at -10.8% vs. +21.0% in Dec.'
• Japan Nomura manufacturing PMI out unchanged at 57.0 in February
• Japan Industrial Production for Jan. out at +0.3% vs. +0.4% expected.
• Japan Large Retailers' Sales for Jan. out at -2.5% vs. -1.7% expected and Japan Retail Trade for Jan. out at +3.1% vs. +0.5% expected
• Japan Housing Starts out at -2.2% in Jan. vs. -3.0% expected. Construction Orders were out at -21.5% vs. +13.2% in Dec.
• Japan SMall Business Confidence for February fell slightly to 49.3 vs. the 50.0 expected
• Australia Current Account Deficit for Q4 out at -14.4B AUD vs. -13.6B expected
• Australia Jan. New Home Sales fell -0.3%
• France Jan. Unemployment Rate rose to 9.6% vs. 9.5% expected and the Unemployment Change for Jan. was out at +28k vs. -15k expected

Market Moves: JPY consolidated a bit weaker overnight and CAD remained strong, while the USD saw little action.

So-so data out of Japan overnight saw the JPY taking a breather, as the USD/JPY traded higher toward the most obvious resistance line at 116.50 before settling lower again. The more important data series awaits on Friday, as we mentioned yesterday. So far, the rate moves in Japan have been rather muted, so there doesn't seem to be a huge amount of anticipation built into this upcoming data.

The rate moves in European markets have been quite sharp, on the other hand, as Euribor futures are pricing in a much more aggressive ECB. Interesting to see the EUR not really moving on this. This would seem to set up a high-energy situation on Thursday with the ECB rate announcement. Strangely, the market has become even more aggressive in pricing in future tightening from the SNB, as measured over the last week of action in the STIR futures - and yet we have EUR/CHF trading at new recent highs overnight. Is this a train wreck waiting to happen on Thursday, or is there more upside to the big 7-year high at 1.5850 high?

The outperformance of CAD is a bit of a head-scratcher as there is plenty of noise out there about an overpositioned long CAD market, as well as the fact that the USD Yield Curve for the 2-10 year durations continues to rise faster than the Canadian yield curve. Combine this with another day of weak energy prices yesterday and one has a difficult time understanding that currency pair. Still, if the pair breaks to new lows, a break is a break. Perhaps the pair wants to try at that almost 30-year low down around 1.1200. The Q4 current account report yesterday was strong - but much of that strength was based on energy prices - a much smaller driver for CAD now with especially the halving of natural gas prices sure to see a much smaller surplus for Q1 of this year. The GDP report for December is up today.

GBP may be in focus today with the GfK Confidence report at 1030 GMT and the rather important CBI distributive trades report scheduled for release a half an hour later. We're bearish GBP/USD below 1.7450.

The first revision to US GDP numbers is also up today, with expectations for a fairly hefty upward adjustment to 1.6% from the original 1.1%. Also up we have the Consumer Confidence and Chicago PMI at 1500.

Note: the support/resistance levels used in the matrix’s of this document are levels derived from yesterday high, low and close. Reference in the text to other support/resistance levels will occur.

Risk warning
Saxo Bank A/S shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information herein contained. The contents of this publication should not be construed as an express or implied promise, guarantee or implication by Saxo Bank that clients will profit from the strategies herein or that losses in connection therewith can or will be limited. Trades in accordance with the recommendations in an analysis, especially leveraged investments such as foreign exchange trading and investment in derivatives, can be very speculative and may result in losses as well as profits, in particular if the conditions mentioned in the analysis do not occur as anticipated.
Please read our full Analysis Disclosure & Disclaimer at

Saxo Bank


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 19 Mar 2018
Tue 20 Mar 2018
AA 9:30 GB- CPI
A 10:00 DE- ZEW Survey
Wed 21 Mar 2018
AA 03:00 AU- Employment
AA 9:30 GB- Employment
A 12:30 US- Current Account
AA 14:00 US- Existing Homes Sales
A 14:30 US- EIA Crude
A A 18:00 US- Fed Rate Decision
A 21:00 NZ- RBNZ Rate Decision
Thu 22 Mar 2018
AA All Day flash PMIs
AA 9:30 GB- Retail Sales
AA 12:00 GB- Bank Of England Decision
A 13:30 US- Weekly Jobless
Fri 23 Mar 2018
AA 12:30 CA- CPI/Retail Sales
A 12:30 US- Durable Goods
A 14:00 US- New Homes Sales

John M. Bland, MBA
co-founding Partner,
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.



Copyright ©1996-2014 Global-View. All Rights Reserved.
Hosting and Development by Blue 105