User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday November 29, 2007 - 17:34:05 GMT
Trade the News Staff -

Share This Story:
| | Email

Trade the News - U.S. Market Update

Dow +15 S&P -0.4 NASDAQ +7

- U.S. equity markets attempt to consolidate the best one-day move in over 5 years. A plethora of weak earnings reports from some the nations top specialty retailers were weighing on the indices in the early going. SHLD -15% ARO -7% JAS -11% MW - 16% BONT -12% CTR -12% SMRT -12% WTSLA -7% Financial names are relinquishing a portion of yesterday's gains, but overall the U.S. equity markets are holding up ok. XLF -1.7% GS -1% C -0.5% BAC -1% Home building stocks are under some pressure after another drop in new home sales. RYL - 4% HOV -5% KBH -4% This mornings economic data reinforced a bleaker outlook for the U.S. economy that was highlighted by the Fed's Kohn yesterday. Besides the decline in new home sales, weekly initial jobless claims exceeded expectations, and the strength in the preliminary Q3 GDP data came as little surprise as most it was chalked up to inventory builds that will have to be worked off going forward. Treasury futures have rallied and the curve has seen some steepening, sending the 10-year yield back below 4% and the 2-year towards 3%. Fed fund futures prices are climbing with the Jan contract now projecting nearly a 30% chance of a 50bp cut in December, and April seeing better than a 70% odds of a 3.75% fed funds rate. Jan crude futures spiked above $95 in the overnight session following reports of an explosion at U.S./Canada pipeline. Prices have since backed off after two of the four pipelines have reopened, reassurances from the Dept of Homeland Security that the incident was not terrorism related, and word that the Dept of Energy was considering unlocking the SPR to offset any supply disruptions. Jan crude is up 2% at $92.55 with gasoline and heating oil up 2% as well. The energy complex has been a beneficiary with the OSX climbing 2%. Feb gold is holding near the unchanged mark while March copper is up 2% on talk of short covering.

- Volatility in the currency markets is picking up ahead of month end, while the overall ranges remain intact among the major USD pairs. EUR/USD holding the 1.4700 support level on chatter of central bank bids looming. As the European close approaches, the USD is eroding its gains following the release of US home sales data and OFHEO Lockhart's comments are further evaluated. Currency dealers are noting that both central bank and sovereign fund types are consistently buying Euros on dips making any decent correction very difficult. Commodity currencies focused their attention on oil's price impact following the incident on Enbridge 's 1.5M BPD Canadian-US Crude Pipeline. The CAD initially strengthen towards the 0.9835 area against the USD as oil spiked above $95 per barrel. Enbridge later opened 2 of the 4 pipelines, which saw oil fall below $93. CAD also hampered by soft economic data as its Q3 Current Account came in at $1.0B v $3.2B estimate. Continued elevated levels and stress remain in the daily LIBOR fixing rates. The Sterling 2 month rates remained at fresh 6 ½ year highs at 6.65%. The 3-month LIBOR rates for the Euro, USD and GBP remain at elevated levels seem from mid September. In the wake of credit crisis concerns, the most recent BOE data indicated that Northern bank currently totals £29B. The financial sectors again saw vague rumors of addition subprime related writedowns with RBS, Barclays and Lehman mentioned. Government bonds again experienced some safe have flows. The US Commercial paper Outstanding rose over the week to $1.854T v $1.842T prior, but US Asset backed Commercial paper Outstanding fell by $11.6B to $824.3B v $835.8B the prior week.


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