User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday May 16, 2006 - 10:57:08 GMT
Reuters -

Share This Story:
| | Email

FOREX-Euro loses ground on weak German data

FOREX-Euro loses ground on weak German data
Tue May 16, 2006 6:11 AM ET

(Updates prices, adds quotes)

By Katie Hunt

LONDON, May 16 (Reuters) - The euro lost ground on Tuesday, wiping out earlier gains against the dollar, after data showed German investor sentiment fell sharply in May.

The Mannheim-based ZEW institute said its German economic expectations indicator, based on a survey of 314 analysts and institutional investors, fell to 50.0 from 62.7 in April and way below a Reuters forecast for 60.0.

"For the last while we've had better-than-expected numbers from the the euro zone," said Daragh Maher, senior currency strategist at Calyon.

"This is the first sign of some softness and coincides with an improvement in dollar sentiment over the past 24 hours so it's having a pronounced effect," he added.

The dollar enjoyed a lightning rally on Monday, rebounding from a one-year low versus the euro on global market volatility including a sell-off in commodities and stocks on worries that economic growth may suffer.

By 0945 GMT the euro was steady on the day at $1.2792 after falling as far as $1.2770 after the ZEW data. Before it was released the euro was around $1.2825, helped by market talk that it would be a strong number.

The single currency lost more than 1 percent on Monday as the greenback rallied and is still some way from the one-year high of $1.2971 hit early on Monday.

The euro was down a quarter percent at 141.08 yen after earlier hitting a 1-1/2 month low of 140.85 yen.

The Japanese economics minister Kaoru Yosano said that any rapid and speculative move in currencies should be avoided.

The dollar was at 110.24 yen , down 0.2 percent on the day and at 1.2143 Swiss francs , up a quarter percent.

The basic weak dollar theme is still there, but with global markets behaving as they are, it just reduces the appetite for any sort of positioning," Mellon Bank head of foreign exchange research Ian Gunner said.

"If there's more weakness in global markets that will leave people very jumpy and generally unwilling to carry any positioning and open new positions, which would help the dollar," he added.


Traders said the market would pay close attention to the U.S. producer price index for April due at 1230 GMT for clues about the Fed's next move, given the central bank's focus on the threat of inflation in deciding policy.

Economists forecast the index to show a rise of 0.8 percent, compared with a 0.5 percent rise in March.

The Fed has lifted its funds rates at all 16 monetary policy meetings since June 2004, helping the dollar to rise around 15 percent against the euro and the yen last year.

However, the dollar's rate advantage is widely expected to narrow in coming months on expectations the European Central Bank will lift rates to 2.75 percent in June and the Bank of Japan will boost rates from near zero during the July-September quarter.

Speculation that Washington may allow the dollar to fall further to help duce its huge trade deficit has also undermined the U.S. currency.

Treasury Undersecretary Tim Adams said on Monday that the United States did not seek to manipulate its currency for competitive reasons and currency values should be set by markets and reflect fundamentals.

The euro was earlier underpinned by hawkish comments from a key European Central Bank policymaker.

ECB chief economist Otmar Issing was quoted in a newspaper interview as saying that the ECB would tighten monetary policy at its next meeting if current growth and inflation scenarios are confirmed.

His views were echoed by ECB governing council member Christian Noyer, who said euro zone rate rises have so far been modest.

© Reuters 2006. 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.

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