User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday June 10, 2009 - 10:18:27 GMT
Forex Hound -

Share This Story:
| | Email

Forex Market Technical and Fundamental Recap

Today's Forex Analysis summary.



With no major economic data to drive the Forex markets in any particular direction, some investors used today’s Treasury auction and technical factors to drive the U.S. Dollar lower. Others were more sensitive to the rise in the commodity markets.


The Euro closed up against the Dollar today.  Despite news that Ireland’s debt rating was reduced because of credit and banking issues, this market remained firm throughout the day.


Fundamentally, traders were leveling off recent short positions because of the U.S. Treasury auctions.  Investors were concerned that yields would rise which would increase the debt burden on the U.S. economy. 


Last week a shift in sentiment took place which made the U.S. Dollar a more attractive investment.  The change in sentiment occurred following the release of the better than expected U.S. Non-Farm Payroll report.  This could mean that investors may begin to buy the Dollar and sell the Euro on the perception that the U.S. economy will recover from the recession first.  Recently traders had been selling the Dollar on good news.


Technically, last week’s reversal top was confirmed by follow through selling on Monday.  Now it appears this market will have to retrace the first leg down.  If sellers come in at 1.4070 to 1.4133 then take this as a sign this market is ready to roll over to the downside. 


If a top is in then expectations are for a corrective move down to 1.3610. If the market takes out 1.4337 then 1.3804 will become a new higher bottom and the uptrend will resume. 


The USD CAD broke on Tuesday as traders took profits following a five-day rally.  The recent strength has been triggered by chatter that the Fed may have to raise rates as the economy begins to heat up.  Today’s weakness was triggered by speculation that the talk of a rate hike may have been premature.  In addition, traders were hesitant to add on to positions in the face of another round of Treasury auctions.


Strength in the oil complex also drove the USD CAD lower.  Global investors are betting on inflation and buying commodities to protect themselves.  Heavy speculation by funds is helping to support the rise in crude oil.  Traders will be watching inventory supply numbers for any sign of a drawdown.  This would also be a signal that demand is increasing as the economy recovers.


Technically, last week’s closing price reversal bottom was confirmed on Monday by the follow-through buying.  The weak close led to another sell-off on Tuesday.  The main trend remains down but holding a correction back to 1.1040 to 1.0980 will be a sign that the buying is greater than the selling at current levels.


Tuesday trading action took the market into this range, now it is up to the buyers to step up and start another up move.  If buyers step in, then look for a rally to drive this market to at least 1.1413. 


If this market fails to hold 1.0980 then look for a break to the low at 1.0783.  A failure to hold this test would resume the downtrend and make 1.1290 a new main bottom.


In other Forex markets, the easing of political tensions helped revive the rally in the GBP USD.  Better economic numbers are needed however to take this market to the 1.6663 top.


Increased trader appetite for higher yielding assets helped support the rise in the AUD USD and NZD USD.  Both of these markets are coming off of weekly closing price reversal tops which have been confirmed.  The current retracement must fail or these pairs may start to decline.


The next two days will be critical to the U.S. Dollar.  Traders will be watching to see if yields remain reasonable during the next two auctions.  Any substantial spike in yields may put pressure on the Dollar as traders will question whether the U.S. can pay its debt.  Although the financial markets are indicating the Fed is not likely to raise rates soon, this rumor may not go away as it still may prove to be true if another economic report shows the U.S. economy is beginning to recover.


By the portal for Analysis, Education and exclusive timely market Gann Analysis


Disclaimer: Trading foreign exchange on the margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore should not invest money that you cannot afford to lose.













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 10 Sep 2018
AA 08:30 GB- GDP, Trade, Output
Tue 11 Sep 2018
AA 08:30 GB- Employment Decision
A 09:00 DE- ZEW Survey
Wed 12 Sep 2018
A 12:30 US- PPI
A 14:30 US- EIA Crude
A 18:00 US- Beige Book
Thu 13 Sep 2018
A 1:30 AU- Employment
AA 11:00 GB- Bank of England Decision
AA 11:45 EZ- European Central Bank Decision
A 12:30 US- Weekly Jobless
AA 12:30 US- CPI
Fri 14 Sep 2018
A 08:30 GB- GDP
AA 12:30 US- Retail Sales
A 13:15 US- Industrial Production
AA 14:00 US- prelim 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