User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday November 28, 2007 - 12:35:50 GMT
Trade the News Staff -

Share This Story:
| | Email

Trade the News - European Market Update: Dollar Stronger on Technical Correction


· GE Dec GFK Consumer Confidence: 4.3 v 4.4e

· SP Oct Real Retail Sales Y/Y; 3.0% v 0.4% prior

· SP Oct Adjusted Real Retail Sales Y/Y: 1.3% v 1. 8%e

· SW Oct Retail Sales: M/M -1.5% v -0.3%e || Y/Y 6.2% v 8.2%e || Prior revised from 9.9% to 9.8%

· IT Nov Retailers' Confidence: 115. 6 v 110.2 prior || Prior revised from 110.2 to 110.3

· IT Nov Services Survey: 6 v 23 prior

· EU Oct M3 Y/Y: 12.3% v 11.5%e [highest since August 1979]

· EU Oct M3 3-Month Avg. 11.7% v 11. 5%e

· SZ Nov KOF Leading Indicator: 2.02 v 1.98e || Prior revised from 2.02 to 2.04


· ECB Trichet: To set up a working group with the PBOC on the Yuan

· ECB Trichet: China said that it could follow the EU's calls on FX

· ECB Trichet: China is examining faster CNY rise

· ECB Trichet: Yuan rise against the Euro would benefit China and the worl economy

· ECB Trichet: International consensus of need to avoid sharp FX moves

· EU Juncker: CNY Decline Vs EUR Causing Problems For EU Economy

· EU Juncker: Protectionism could result if CNY problem not addressed or fixed

· EU Juncker: Need to know why CNY is rising against USD and falling against the Euro

· EU Juncker: Says Main Concern Is Persistence Of Global Imbalance

· EU Almunia: Urged China to pay attention to the Eur/Cny

· EU Almunia: China shouldn't only focus on the Usd/Cny

· EU Almunia: Chinese growth can be sustained in the longer term

· SNB Roth: The SNB does not operate mechanically to inflation forecasts

· SNB Roth: Inflation forecast could underestimate price risks in times of franc weakness

· SNB Roth: The SNB does not target fx and franc developments as parte of its inflation forecast

· BOE Lomax: Forecast show that rates may fall in the next 2 years

· BOE Lomax: Forecasts are projections not promises

· BOE Lomax: UK regions are less susceptible to an economic downturn

· BOE Lomax: There are a lot of dinancial turmoil related risks

· BOE Lomax: Seeing the first evidence of a slowdown

· Dresdner cuts its 2008 ECB rate forecast to 4.00% from previous forecast of 4.25%


· Fixed income futures are trading lower in the session on the back of a rise in equity markets. Futures did not gain any upside momentum from Dresdner's reduction in its ECB rate forecast for 2008. In new supply overnight Germany sold €4.498B in 4.25% October 2012 Bobl 151s with an average yield of 3.82% and a bid-to-cover of 2.0x. The bid-to-cover compares to the 1.91x on the previous auction. Over in the UK the DMO sold £2.0B in 4.50% December 2012 gilts with an average yield of 4.436%, and a bid-to-cover of 1.82x. The bid-to-cover compares to 1.32x on the previous auction.

· On the FX front there has been a broad based technical correction adding some upside momentum to the dollar and weighing down on commodity prices. The dollar also gained some momentum after Dresdner cut its 2008 ECB rate forecast to hold rate at 4.00%. Dresdner has previously forecasted one rate hike in 2008. Elsewhere the Swiss franc was weaker in the session following comments from the SNBs Roth.

· On the commodity front, upward dollar momentum is weighing down on commodity prices, and has pushed gold back below $800. Front month crude futures are also trading lower in the session ahead of the OPEC summit, which is just a week away. The Saudi Oil Minister said overnight that fundamentals do not support current high oil prices, blaming the weak USD and speculators. The oil minister added that OPEC must look at data and then decide policy at December 5 meeting. Elsewhere, the Libyan oil minister said that OPEC is doing all that it can to meet demand || OPEC does not have much room to increase output further.

· The European indices are currently trading in positive territory in the session. Amsterdam's Stork announced overnight that it will be acquired by Candover in a €1.5B deal. In Germany, the Bavarian finance minister said that the private BayernLB and LBBW will enter merger talks over the next couple of months. Although not tradable the banks were one of the first European focal points upon the emergence of the sub-prime crisis.


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