User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday November 16, 2006 - 11:42:05 GMT
Reuters -

Share This Story:
| | Email

FOREX-Yen nears record low vs euro, dollar calm before CPI

FOREX-Yen nears record low vs euro, dollar calm before CPI
Thu Nov 16, 2006 6:05am ET16

(Changes byline, updates prices, adds fresh quotes)

By Carolyn Cohn

LONDON, Nov 16 (Reuters) - The yen held in sight of a record low against the euro on Thursday after the Bank of Japan's Governor sounded a neutral note on monetary policy, dampening market expectations of higher rates by the end of the year.

The dollar was largely steady, with investors looking to U.S. inflation data for October and speeches from a number of Federal Reserve officials later in the day for more clarity on the likely path for U.S. rates.

In Japan, most analysts expect the BOJ will raise interest rates by a quarter-point to 0.5 percent in the first quarter of 2007, though euro/yen futures are currently pricing in around a 50 percent chance of a rise next month.

But BOJ chief Toshihiko Fukui reiterated on Thursday that he had no present idea regarding the timing of future increases.

The dollar got a boost on Wednesday after minutes from the Fed's October meeting indicated that reducing inflation was the bank's "greatest concern". But investors are still uncertain whether the next move in Fed rates will be a cut from the current 5.25 percent.

"The Japanese economy is not particularly strong -- there is no trigger for a domestically-driven rally in the yen," said Teis Knuthsen, head of FX and fixed income research at Danske Markets in Copenhagen.

"The U.S. CPI (consumer price index) data is important because the FOMC (Federal Open Market Committee) gave a very clear warning that it is still concerned about inflationary pressures."

The euro rose as far as 151.49 yen , compared with record highs of 151.52 set last week, according to Reuters data. It eased to 151.19 by 1045 GMT, steady from the U.S. close.

The yen has struggled to make much headway against major currencies as Japan's ultra-low interest rates make it an attractive currency for borrowing to fund investments in the assets of higher-yielding countries.

The dollar was also steady against the yen at 118.01 yen , and the euro edged lower to $1.2806 , nearly a cent below 2-1/2 month highs set last week.

Expectations of rising euro zone rates from the current 3.25 percent have meanwhile supported the single currency.

Data on Thursday showed final euro zone inflation was 1.6 percent year-on-year in October, in line with forecasts and the flash estimate.


U.S. consumer prices at 1330 GMT are forecast to have fallen 0.3 percent in October, after falling 0.5 percent the previous month. Core CPI, a key inflation indicator that strips out food and energy prices, is forecast to show a rise of 0.2 percent on the month.

U.S. capital net flows data for September at 1400 GMT are forecast to show inflows of $75 billion.

Analysts at Calyon forecast inflows to total $80 billion.

"This will be more than sufficient to have covered the $64.3 billion trade deficit over the month and is unlikely to cause much trouble for the dollar," they said in a client note.

Cleveland Fed President Sandra Pianalto, Federal Board Governor Randall Kroszner, St Louis Fed President William Poole and Chicago Fed President Michael Moskow are scheduled to speak at separate events.

Also on Thursday, the Philadelphia Fed November business activity survey at 1700 GMT is forecast to give a reading of 5.0, versus -0.7 in November.

The National Association of Home Builders releases its November Housing Market Index at 1800 GMT.

© 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

Tue 17 July 2018
AA 08:30 GB- Employment
A 13:15 US- Industrial Production
AA 14:00 US-Powell Testimony
Wed 18 July 2018
AA 08:30 GB- CPI
A 12:30 US- Housing Starts/Permits
AA 14:00 US-Powell Testimony
Thu 19 July 2018
AA 1:30 AU- Employment
AA 08:30 GB- Retail Sales
A 14:30 US- EIA Crude
A 12:30 US- Weekly Jobless
Fri 20 Jun 2018
A 12:30 CA- CPI/Retail Sales

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