User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday April 5, 2007 - 10:46:17 GMT
Reuters -

Share This Story:
| | Email

FOREX NEWS-Dlr rangebound before payrolls, BoE grabs limelight

FOREX-Dlr rangebound before payrolls, BoE grabs limelight
Thu Apr 5, 2007 6:23am ET161

(Changes byline, adds quotes, updates prices)

By Veronica Brown

LONDON, April 5 (Reuters) - The dollar was steady against other major currencies on Thursday, locked in ranges as investors looked to Friday's U.S. jobs report for fresh impetus.

Sterling players were sidelined ahead of a Bank of England rate decision. Speculation over the BoE's verdict at 1100 GMT has helped sterling firm this week as a sizeable minority bet on a rate hike from the current 5.25 percent.

The dollar, in contrast, came under pressure on Wednesday after data showed growth in the U.S. service sector slowed to a four-year low in March, reinforcing the view that U.S. interest rates could be cut later this year.

The jobs data on Friday will provide more clues on whether the Federal Reserve will lower rates from the current 5.25 percent to support the economy.

"Without doubt when you look at the (U.S.) numbers over the last few months, employment is slowing although not dramatically so," Mellon Bank head of currency research Ian Gunner said.

"There's always a risk of a rogue number on that and I guess if it was a weak one it would come at a bad time given that other releases are softening up a little," he added.

The U.S. economy is expected to have added 120,000 jobs in March, up from 97,000 in February.

By 1000 GMT, the dollar stood at 118.72 yen , pulling back from Wednesday's five-week high of 119.08 yen.

The euro was at $1.3361 , little changed on the day. The single currency was at 158.60 yen , hovering within reach a five-week high touched in the previous session.


Sterling was 0.1 percent weaker at $1.9768 ahead of the BoE decision. Economists polled by Reuters last week gave a median 25 percent chance of an April rate hike, but speculation has grown on the chances of a hike with markets pricing in a fair chance of a move.

If the BoE does hike, British rates would probably move up to 5.5 percent, overtaking those of the United States. That would further boost sterling's yield appeal and could bring the psychologically key $2-pound level back within sight, analysts say.

"It's a very close call in terms of what everyone thinks in the market. There is a number of good indications that they (BoE) should pull the trigger, but on balance we think that the arguments for them to stand pat are more convincing at this juncture," Paul Mackel, senior currency strategist at HSBC said.

But if the bank leaves rates on hold, any sterling losses are likely to be ephemeral.

"We expect any correction to be short-lived, as was the case for the Australian dollar on Wednesday, especially in light of the likelihood of a hike next month," JP Morgan said in a research note.

The Aussie got a knock on Wednesday after the Reserve Bank of Australia left rates on hold, disappointing strong minority expectations of a hike. But the currency quickly recovered thanks to already high rates of 6.25 percent and the likelihood that the RBA will hike in coming months.

On Thursday, the Aussie rose above US$0.8210 , its highest in more than a decade, and soared to a 10-year high against the yen around 97.46 yen .

© Reuters 2007. 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 31 July 2018
AA JP- Bank of Japan
A 06:00 DE- Retail Sales
A 09:00 EZ- flash HICP/GDP
AA 12:30 US- Core PCE Deflator
A 14:00 US- CB Consumer Confidence
Wed 1 Aug 2018
A Final Mfg PMIs
AA 12:15 US- ADP Private Payrolls
A 15:00 US- EIA Crude
AA 18:00 US- Federal Reserve Decision
Thu 2 Aug 2018
AA 11:00 GB- Bank of England Decision
A 13:30 US- Weekly Jobless
Fri 3 Aug 2018
A Final Services PMIs
AA 12:30 US- Employment
A 12:30 US/CA- Trade

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