The U.S. Dollar is trading mixed at the
midsession despite weakness in commodity and equity markets.
Early morning weakness in the U.S.
equity markets triggered a break in the EUR USD but the inability to break the
stock markets hard has triggered a short-covering rally in the Euro which has
put it in a position to challenge the high for the week at 1.4447.
News that the Bank of England is
considering putting a temporary halt on its asset buyback program is providing
support for the GBP USD.Unexpected
better results from U.K. Industrial Production and Home Prices Reports helped
fuel a rally to a new high for the week.
The USD CAD confirmed yesterdayâ€™s closing
price reversal bottom at 1.0630 but the follow-through rally was weak.The subsequent sell-off has put this currency
pair in a position to test minor support at 1.0707 to 1.0782.A significant drop in the equity markets late
in the session could put the USD CAD back on its upside path.
Weaker equity markets are encouraging AUD
USD traders to take a little of the top after a significant rally.A lower close today by U.S.
stock markets will form a reversal top which may trigger further weakness in
the Aussie the rest of the week.
Less demand for higher yielding assets and
technically overbought conditions are helping to put downside pressure on the
NZD USD.A late session sell-off in the U.S.
equity markets may trigger a further decline in the Kiwi into the close.
Forex Trading News
Daily Forex Market News Forex news reports can be found on the forex research
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Forex News Real-time forex market news reports and features providing
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Tue 19 Dec
09:00 DE- IFO Survey
13:30 US- Housing Starts/Permits
13:30 US- Current Account Wed 20 Dec
15:00 US- Existing Homes Sales
15:30 US- EIA Crude Thu 21 Dec
03:00 JP- BOJ Decision
13:30 CA- CPI & Retail Sales
13:30 US Weely Jobless
13:30 US- GDP Fri 22 Dec
09:30 US- GB- GDP
13:30 US- core PCE Deflator & Presonal Income
15:00 US- New Homes Sales
15:00 US- final University of Michigan
17:00 US- early Closes Mon 25 Dec
00:00 Christmas Holidays
Potential Trading Opportunities
POTENTIAL PRICE RISK: Medium Mon--10:00 GMT-- EZ- final November HICP. flash data are rarely changed.
POTENTIAL PRICE RISK: HIGH- Medium Tue --09:00 GMT-- DE- IFO Survey. Key report but usually not a market-mover
POTENTIAL PRICE RISK: HIGH- Medium- Tue --13:30 GMT-- US- Housing Starts and Permits. Leading indicators of activity
POTENTIAL PRICE RISK: HIGH-Medium- Wed --15:00-- US- Existing Homes Sales. Top Housing statistic
John M. Bland, MBA co-founding Partner, Global-View.com
Max McKegg’s Daily Forex Trading Forecasts
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
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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.
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.
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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.
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