A better than expected U.S. Non-Farm Payrolls Report helped
drive equity futures markets to a new high for the year early in the trading
session.Investors bought up stocks
after the release of the bullish employment report which may have been a sign
that the U.S.
economy is on the road to economic recovery.
Stock market gains were pared late in the session as buyers
took a breather due to overbought technical factors and a fundamental
issue.Fundamentally, traders were still
concerned that despite a slow down in the number of jobs lost, the unemployment
rate may still climb to 10%.This number
was reiterated by the White House.
September Treasury Bonds felt selling pressure all session
following the release of the unemployment report.Bonds fell as yields rose as trader believe a
recovery in the economy will lead to an end to the Fedâ€™s easing of interest
rates.Next weekâ€™s auction was also
weighing on the minds of traders as more supply means higher yields.
The U.S. Dollar broke its connection with the equity markets
as traders bought Dollars as the bullish employment report may have signaled an
end to the recession.Todayâ€™s strength
in the Dollar may have been related to the interest rate differential.Traders believe that an improved economy will
lead to the Fed ending its easy money policy.This would trigger a rise in U.S. interest rates, thereby giving
the Dollar and advantage over currencies still maintaining their rates near
December Gold and September Silver both finished on the
downside.The stronger Dollar and a
possible improvement in the U.S.
economy led precious metals traders to lighten up positions initiated as a
September Crude Oil finished lower.The weaker Euro and gold prices contributed
to the down slide.The entire energy
complex closed down.Energy speculators
are caught in a difficult situation.On
one hand an improved economy will lead to an increase in demand for fuel and
energy.On the other hand, a stronger Dollar
will drive speculators out of hedge positions.
Grain markets finished the week lower but November Soybeans
managed to gain on Friday.Traders are
bracing for a potentially bearish USDA report next week.Improved crop conditions are expected to increase
yields.The mixed action in the Dollar
most likely hurt exports.
October Sugar continued its bull market this week.Production issues continue to plague this
market.Strong demand from India to make
up for its shortfall is helping to drive this market higher.
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."
Elevate Your Trading With The Amazing Trader!
The Amazing Trader includes:
Actionable trading levels delivered to YOUR charts in real-time.
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.