Euro Zone Growth Report Indicates Worst May Be Over
An unexpected improvement in Euro Zone
economies during the second quarter is helping to firm up the currency markets
and trigger more demand for risky assets this morning.
Overnight it was reported that surprise
growth in the German and French economies helped improve the Euro Zone
economy.Economists had predicted a
decline in the economy of 0.50% during the second quarter, but instead the
region fell only 0.1%.
Appetite for risk increased on the surprise
news as European stocks and the Euro rose sharply.Gains spilled over to other global equity and
foreign currency markets as this news marked the first sign that the recession
in the Euro Zone may be over.
The same bullishness which struck the Dollar
on August 7th when it was announced that U.S. unemployment data came out better
than expected could help drive foreign currency, equity and commodity prices
higher all day.
The September Euro is soaring on the news
of the improvement in the Euro Zone economy.Since there is now more solid evidence that the Euro Zone economy may be
pulling out of the recession, traders are buying the Euro on the belief that
the European Central Bank will not have to apply any more economy stimulus to
The September Canadian Dollar is also
posting gains this morning driven by the strength in September Crude Oil and
the equity markets.
December Gold and September Silver are on
the rebound because of the weaker Dollar.Some traders feel that the surprise rise in German GDP may spark an
inflationary flare-up over the short-term.September Copper is gaining on the prospect of greater demand.
As the Dollar grows weaker this morning,
September Crude Oil is gaining.The
bulls are citing a weaker Dollar and the potential for greater demand as the
key reasons behind the strength.
Renewed interest in higher risk assets is
helping the U.S. equity markets to rally.So
far in the pre-market the early indication are for a higher opening. Improved
earnings from Wal-Mart are also a bullish factor driving equity prices higher.
Treasuries are mixed.A huge rally in the equity markets could
trigger a sell-off in the September Bonds and Notes but a better than expected
auction could help to limit losses.
Grain markets are trading better.Yesterdayâ€™s USDA report should help November
Soybean prices improve as the government is calling for smaller inventories at
the end of the growing season.December
Corn is also trading a little firmer despite somewhat bearish news from the
USDA.Traders may focus on hot, dry
conditions in the Ukraine and Russia today.The poor growing
conditions are hurting the corn and wheat crops.
The weaker Dollar is expected to help
demand for September Cocoa and Coffee.Cocoa can get
especially bullish because of lingering crop production issues.
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.