User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday November 28, 2018 - 21:25:45 GMT
Global-View -

Share This Story:
| | Email

Fed's Powell Confirms More Cautious Policy Path. Brexit Worries Persist

John M. Bland, MBA, co-founder,

Fed Chair Powell Reinforces Perceptions Of A Less Hawkish Fed Policy Posture After some initial skepticism, I have turned supportive of Fed Chair Powell. What has turned me around has been his real world experience. His approach has been striking me as more pragmatic than the dogmatic approach of the academic Fed economists. I have been favoring a policy pause by the Fed here for several months now. Instead, the more academically inclined members of the Fed policy board seemingly have been hell-bent on a policy normalization at any cost. Recently, there have been hints by Chair Powell that the economy might be starting to face some headwinds and that a pause in the tightening path might make sense until the outlook is clearer. Powell said that the impact of recent rate hikes is uncertain and it might take year or more to assess the impact of rate hikes. I am now expecting a more traditional data-dependent policy approach in the period ahead. In so doing Powell has effectively just about completed the Fed policy normalization ahead of schedule. All that remains is for the central bank gradually to reduce the size of its balance sheet. That will come in due time. Following the Wednesday speech by Chair Powell, odds for a December rate hike increased moderately and the yield on the 10-yr note held about steady at 3.07%. Markets also priced out one of the 0.25% rate hikes expected in 2019.

Brexit Story Refuses To Fade Forex markets continue to be buffeted by headlines from the Brexit discussions between the U.K. and EU, and within the U.K. The current consensus view is that the May Withdrawal Agreement with the EU was dead on arrival In London. One press source reported on Wednesday, that as it stands now the May agreement will fail by around 200 votes. That would be a crushing defeat. There was word Tuesday that May had been told that the vote has no hope in the House of Commons. As a result there were reports that as a result she has decided to open to open the bill to amendment when it is debated in Commons. Currently, that vote is scheduled for December 11. Of course, when it comes to Brexit, everything is subject to change. Expect more volatile trade in the GBP, with its downward bias, to continue vs the USD and EUR until there is some sort of resolution comes into view.

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

Mon 3 Dec 2018
A All Day Final Mfg PMIs
Tue 4 Dec 2018
A 04:30 AU- Reserve Bank Decision
Wed 5 Dec 2018
A All Day Final SVC PMIs
A 04:30 AU- CPI
A 13:15 US- ADP Jobs
A 13:30 US- Productivity
A 15:30 US- EIA Crude
B 19:00 US- Beige Book
Thu 6 Dec 2018
AA 12:45 EZ- ECB Decision
A 13:30 US- Weekly Jobless
Fri 7 Dec 2018
A 10:00 EZ- GDP
AA 13:30 US- Employment/Trade
A 15:00 US- Final Univ of Michigan 

Be sure to refer every trading day to the Global-View forex trading website to see the continuously UPDATED International Economic and Events Calendar and the Forex Forum for the complete list of key items (actual economic and central bank data, selected charts, etc.) as they are released. Since 1997, has been featuring live discussions by active traders of current developments in the forex market in a convenient timeline format.


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
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

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
The Amazing Trader
Forex Opportunities
Forex Affiliates
Forex CopyTrading
GVI Forex