User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday January 22, 2010 - 16:42:48 GMT
Forex Hound -

Share This Story:
| | Email

U.S. Equities Could Suffer Under Obama Plan

U.S. equity markets could feel downside pressure if President Obama’s plan to end trading by financial institutions becomes a law. Investors feel this proposal will have a negative impact on bank earning’s which could weaken their stock prices. In addition, the proposal is making the Dollar less attractive.


Technically, the March E-mini S&P 500 changed the trend to down on the daily chart with its move through 1109.75. A retracement level at 1105.00 stopped the slide, however. Holding this level could trigger a retracement rally to 1126.00. A break through 1105.00 could send the market to 1100.00 then 1095.00.


Demand for safety is helping to lower yields and boost the March Treasury Bonds and Treasury Notes. The March Bonds penetrated a swing top at 119’08 but failed to attract follow-through buying. This market is currently trading inside the retracement zone of the 123’00 to 114’16 range. This zone is at 118’24 to 119’24. Profit-takers could come in if stocks begin to strengthen.


February Gold is still trading down despite the weaker Dollar. It looks like it will take a significant break in the Dollar to trigger fresh buying or a short-covering rally.  Short-term support is at 1086.60. Resistance is at 1108.70.  News that China may cut back on demand and Obama’s proposal to limit bank trading are weighing on trader decisions.


March Crude Oil continued its decline overnight as traders dumped higher risk assets. The news that China may begin tightening its monetary policy which could lead to less demand for crude oil is weighing heavily on this market.


The U.S. Dollar is down against a basket of currencies overnight as global investors assess the impact of President Obama’s proposal to limit trading by financial institutions. The early read is that investors feel the proposal is Dollar negative and in the long-run may discourage investors from buying U.S. assets.


So far the reaction has been mild, highlighted by light position evening. Traders may also be using this proposal as an excuse to take profits following a strong surge in the Dollar and amid overbought conditions. Trading may not be a volatile as Thursday as foreign central banks assess Obama’s proposal while working on banking regulation plans of their own.


The March Euro is trading better. Oversold conditions and position evening following the U.S proposal to curb trading by financial institutions are the primary drivers behind the rally.  A persistent rumor that the European Union may lend Greece money to shore up its budget deficit helped limit losses yesterday, and may still be in the market today. An agreement by the EU and Greece is likely to trigger a massive short-covering rally which could send this currency to 1.4340 rather swiftly.


The Obama proposal could not help the March British Pound which fell once again overnight. A report that U.K. retail sales grew at a slower pace than forecast is helping to weaken the British Pound overnight. At this time, the Pound is plowing through minor retracement points and holding a level at 1.6108.  A break through this price is likely to trigger an acceleration to 1.6071.


The March Japanese Yen is strengthening further following yesterday’s closing price reversal bottom. Upside momentum is building which could send this pair to a major 50% price at 1.1273.  President Obama’s plan to curtail trading by financial institutions is making lower yielding assets more attractive to the benefit of the Yen. The move in the Yen is likely to draw a stern comment from the Bank of Japan which favors a weaker currency. 


Upside pressure is on the March Swiss Franc following yesterday’s closing price reversal bottom. The combination of oversold conditions and less demand for the Dollar is helping to apply the pressure. The slightly better Euro is also helping to aleve some of the pressure on the Swiss National Bank to intervene. The chart pattern suggests a move to .9701 is likely over the short-run.


Despite calls for a weaker Dollar, the March Canadian Dollar continues to weaken. Currently this market is on the bear side of a 50% price at .9510 and testing a .618 level at .9461.  A breakout under this level could trigger an acceleration to .9430. 


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 LIVE to YOUR charts

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 27 May 2019
AAGB/US- Holiday
Tue 28 May 2019
A 14:00 US- Consumer Confidence
C 13:00 US- Case-Shiller
Wed 29 May 2019
A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
A 12:30 US- Weekly Jobless
Fri 31 Mar 2019
AA 10:00 EZ- Flash HICP
A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan

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


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
Managed Forex Accounts
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 ©1996-2019 Global-View. All Rights Reserved.
Hosting and Development by Blue 105