Todayâ€™s trading in the Forex markets featured choppy,
two-sided trading.Early in the New York session the Dollar strengthened as a pair of
economic reports sent the Dollar higher and the stock market lower. Later in
the session, the Treasury announced another $75 billion auction.This news triggered a late session sell-off
in the Dollar.
Todayâ€™s U.S. ISM report fell more than expected indicating
that the economy may not be as strong as previously estimated.In addition the ADP employment report showed
a loss of 350,000 jobs in July which is an indication that Fridayâ€™s
Unemployment Report will show a further rise in the jobless rate.Both of these reports contributed to the
early strength in the Dollar as traders cashed in their long higher yielding
The GBP USD was the strongest currency pair.This market was buoyed by speculation that
the Bank of England would most likely announce the end of its asset buyback
program.This five month program
provided liquidity and economic stimulus when needed, but now that the economy
is turning around may not be necessary.
Additional support for the British Pound came from a better
than expected industrial production report and the news that home prices had
risen. Both of these reports indicate that the U.K. economy may be well on its way
The EUR USD also rose late in the session following a weaker
trade early.The Euro made a new high
for the week, but was unable to attract any fresh buyers.Speculators may be lightening up ahead of the
August 6th European Central Bank meeting.Early talk is that the ECB will announce interest rates will remain the
same.The surprise could come in the
commentary.Since the Euro Zone economy
has shown improvement since the last meeting, many traders expect a hawkish
commentary from ECB officials.
The USD CAD confirmed yesterdayâ€™s closing price reversal
bottom but still managed to close lower for the day.Weak energy and equity markets helped trigger
an early session rally, but buying quickly dried up when these markets could
not follow-through to the downside.This
market may still be in a position to form a short-term bottom.Speculators seem worried that the Bank of
Canada is getting concerned about the rapid rise in the Canadian Dollar and its
possible negative effect on the Canadian economy.
Trading in higher yielding Forex markets was mixed
today.Traders seemed confused as to
which side of the market to take as stock and commodity markets had a two-sided
trade.Speculators in the AUD USD and
NZD USD were not certain as to whether they should book profits after the rapid
rise put these markets in overbought territory.It seemed at times today that traders were also not sure as to what was
driving equity markets off the lows.
Late in the session the Aussie and Kiwi strengthened
after the Treasury announced another auction and the Dollar sold off, but the
inability of the equity markets to close positive weighed more on the AUD USD
and NZD USD then the bearish Treasu
Forex Trading News
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
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.
Tue 19 June 2018 A 12:30 US- House Permits/Starts Wed 20 June 2018 A 14:00 US- Existing Homes Sales A 14:30 US- EIA Crude Thu 21 June 2018 AA 11:00 GB- Bank of England Decision A 12:30 US- Weekly Jobless Fri 22 June 2018 AFlash PMIs
John M. Bland, MBA co-founding Partner, Global-View.com
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.
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.
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.
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.
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 Global-View.com.
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 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.
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.
Global-View.com 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 Global-View.com. 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.
WARNING: FOREIGN EXCHANGE TRADING AND INVESTMENT IN DERIVATIVES
CAN BE VERY SPECULATIVE AND MAY RESULT IN LOSSES AS WELL AS PROFITS. FOREIGN
EXCHANGE AND DERIVATIVES TRADING IS NOT SUITABLE FOR MANY MEMBERS OF THE
PUBLIC AND ONLY RISK CAPITAL SHOULD BE APPLIED. THE WEBSITE DOES NOT TAKE
INTO ACCOUNT SPECIAL INVESTMENT GOALS, THE FINANCIAL SITUATION OR SPECIFIC
REQUIREMENTS OF INDIVIDUAL USERS. YOU SHOULD CAREFULLY CONSIDER YOUR FINANCIAL
SITUATION AND CONSULT YOUR FINANCIAL ADVISORS AS TO THE SUITABILITY TO YOUR
SITUATION PRIOR TO MAKING ANY INVESTMENT OR ENTERING INTO ANY TRANSACTIONS.