User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Sunday May 6, 2007 - 18:50:46 GMT
Reuters -

Share This Story:
| | Email

FOREX NEWS - Europe, Asia balancing US econ slowdown-c. bankers

Europe, Asia balancing US econ slowdown-c. bankers
Sun May 6, 2007 2:32 PM ET

(combines stories)

By Sven Egenter and Natsuko Waki

BASEL, Switzerland, May 6 (Reuters) - Central bankers from key emerging economies said on Sunday robust growth in Europe and Asia is compensating a slowdown in the U.S. economy but raising inflationary risks.

Global economic growth is at its strongest in three decades and risk-hungry investors have pushed up world stocks to record highs over the past week.

However, the world's biggest economy lost momentum with its growth hitting its weakest rate in four years in the first three months of this year. Euro zone growth is at its best since 2000 and China's economy is expanding at a blistering pace.

"The U.S. economy might be slowing down a bit, but it's still doing very well and fundamentals remain good... We are not talking about recession or significant slowdown," Muhammad Al-Jasser, vice governor of the Saudi Arabian Monetary Agency, told Reuters.

"Whatever slowdown that may be happening in the U.S. is being compensated for by more robust growth in Europe and Asia and the rest of the emerging markets, which are collectively doing very well," he said on the sidelines of a two-day meeting of top central bankers at the Bank for International Settlements.

When asked if he expected a recession, he said: "No, I do not expect a recession, at least from what we know at this point."

Chilean central bank governor Vittorio Corbo told reporters: "We are seeing that the slowdown in the U.S. economy is well balanced, with substantial dynamism away from the U.S., especially in emerging Asia but also in Europe."

The flip side of strong growth is upward pressure on prices, Corbo said.

"There is a major inflation concern in Europe but also in emerging Asia, because the economy is overheating."

In Europe, "their economy is growing at a speed that is putting pressure on existing capacities," he said.

Martin Redrado, Argentina's central bank governor, said higher prices for commodities could lead to second-round effects such as strong wage rises, pushing up inflation, especially in Latin America.

"One of the themes we are discussing is the impact that food prices and energy are having on headline inflation," he said.

"Clearly what we have to be very strongly aware of is second-round effects."

The meeting is chaired by European Central Bank President Jean-Claude Trichet. Bank of Japan governor Toshihiko Fukui also attends the meeting but declined to comment on Sunday.

Investors will scrutinise any comments from Trichet on the euro, which hit a record high against the dollar last month, as well as general dollar weakness.

Saudi Arabia's Al-Jasser said the world can cope with a weaker dollar better now than in the past.

"Not only Saudi Arabia, but the rest of the global economy can withstand more than it could in the past the decline in the value of the dollar," he said.


In China, People's Bank of China governor Zhou Xiaochuan said inflation this year could be higher than 2006.

He added: "There is no evidence to say inflation is out of control... We are very closely watching annual inflation rates."

Chinese inflation is expected to rise by an annual 2.8 percent this year from 1.5 percent in 2006. Annual consumer price inflation hit 3.3 percent in March, the first time it climbed above 3 percent in more than two years.

Zhou also said a bubble in the country's stock market was a concern.

China's main stock index, the Shanghai Composite Index <.SSEC>, has surged about 235 percent since the start of 2006 and more then 40 percent so far this year.

© Reuters 2007. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.


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 23 July 2018
A 14:00 US- Existing Homes Sales
Tue 24 July 2018
AFlash PMIs
Wed 25 July 2018
A 08:00 DE- IFO Survey
A 14:00 US- New Homes Sales
A 14:30 US- EIA Crude
Thu 26 July 2018
AA 11:45 EZ- European Central Bank Decision
A 12:30 US- Weekly Jobless
A 12:30 US- Durable Goods
Fri 27 July 2018
AA 12:30 US- GDP
A 14:00 US- Final 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