User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday April 3, 2007 - 13:29:09 GMT
Black Swan Capital -

Share This Story:
| | Email

Market Risk on Holiday and so-called "Protectionism"

Key News
• Key Reports Due (WSJ):
ICSC Chain Store Sales: +0.3%. Previous: +0.2%.
8:55a.m. Redbook Retail Sales Index. Previous: +0.7%.
10:00a.m Feb Pending Home Sales. Previous: -4.1%.
5:00p.m. ABC/Wash Post Consumer Conf. Previous: -2.
N/A Auto Sales. Previous: 16.5M.


“It was a bright cold day in April, and the clocks were striking thirteen.”

George Orwell

FX Trading – Market Risk on Holiday and so-called “Protectionism”

It seems nothing can satiate the risk appetites in this market.

The dollar is acting badly, no doubt. But the key alternative global deposit currency, the euro, hasn’t acted all that great so far given the backdrop for U.S. recession and protectionism, though there is still plenty of time for the euro to make a move.

We would have expected a lot more damage to all markets and a bigger rally in the euro against the dollar on news of a trade skirmish shaping up between the bookends of the global economy—U.S. and China. We saw an initial intraday dip last Friday in the U.S. stock market when news of U.S. tariffs on Chinese paper was announced. But it was only a blip. So far this protectionism stuff has been met with a collective yawn.

Currency traders have now poured right back into the risk trade i.e. buying the high yielders in Asia (Australian $ and New Zealand $), countries where continued strong economic growth is predicated on continued strong economic growth in China. They seem to have no worries that protectionism has the potential to derail anything in China.

And of course today, $-yen rallied (yen weakened against the dollar). The yen at this point can be considered the pressure gauge for risk. Weakness validates the view traders risk appetites are back.

The still hungry crowd may have it all exactly right. Despite hikes in central bank rates, there still seems plenty of money in the system thanks to the proliferation of sources of credit globally. And the fact that derivatives seem to have weathered the subprime storm relatively unscathed, is another notch in the belt for those that have told us modern derivatives do an excellent job of spreading risk—reducing the chances for a major accident. And despite being on “recession” watch, U.S. growth numbers haven’t been as bad as expected, given the most (including us) expected a much bigger impact on jobs and consumer spending from the housing fallout.

Knocking on the doors at the Church of Free Trade

And though “protectionism” is seen as bad for the dollar, maybe there is some method behind the seeming U.S. madness. I’m sure Europe doesn’t mind. There are many China sycophants who seem to sanction any trade behavior on the part of China. Cheating and stealing its way along, with the acquiescence of many of the world’s corporate elites who bow down to gain market access or sweet property deals, doesn’t exactly fit the lofty ideals of the so-called World Trade Organization, a badge China proudly displays and hides behind when needed.

That said about China, we do realize the enormous profits pulled out of China from the so-called platform companies that produce there and take most of the profits onto their income statements. No doubt its been a boom for corporate Everywhere, as profits soar, thus its no surprise they play the quid pro quo technology transfer game with China. Of course those not tuned into the knowledge economy, i.e. the working blue collar stiffs of the world are left holding the bag. Would Schumpeter be proud? Does it ultimately enhance the wealth of Western nations as they transit to pure services? It seems the business cycle volatility has diminished. And that equates to consistent employment opportunities for all.

But is it unrealistic to believe the bulk of the citizenry can move, with proper training, into the knowledge-based class of the haves, and avoid the seeming potential for balkanization in the West? Is there any other choice? Who knows? Maybe the shots across China’s bow on trade may prove beneficial over time. We have noticed that former Fed Chairman Alan Blinder, no intellectual slouch he, is now weighing in against that that “shining beacon on the hill”, otherwise known as “The Church of Free Trade” by its many global parishioners. Mr. Blinder was once a disciple, yet he seems to have fallen from grace. Maybe he was pondering the fact that the Western world’s working class is carrying the load, in what is shaping up to be a decades long campaign, for developing an Asian consumer class. And maybe the idea of carry that burden so the West can shift both consumer and manufacturing power to Asia didn’t seem to make sense to him any longer. Thus, he decided to exorcise himself from the Church of Free Trade.

This is obviously a debate that goes well beyond the scope of this morning missive. And as you can see, my blue collar roots are showing.

Jack Crooks


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