User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday August 27, 2009 - 03:39:35 GMT
FX Thoughts for the Day - www.fxthoughts.com

Share This Story:
| | Email

Morning Briefing : 27-Aug-2009 - 0337 GMT

GOOD MORNING!


EQUITIES
Dow (9453.52) and Nasdaq (2024.43) closed flat yesterday after another choppy session. Dow has now closed in the green for 7 days at a stretch. However, this week, the rise has been uncertain as every rise towards the Trendline Resistance on the daily chart is witnessing sharp pullback. This has been despite better than expected economic data and as the markets prepare for other important data releases for the rest of the week. Durable Godds Orders and New Home Sales that were released on Wednesday have been encouraging, beating street expectations. To Q2 GDP numbers are likely to be announced today, and Personal income the day after. These would set the trend for the market going forward for the next month. For more information, see the DATA TODAY section below. To see the chart of Dow, click on:
http://www.kshitij.com/graphgallery/djiacandle.shtml#candle

Asian indices are trading mixed. Nikkei (10470.99) is cautious ahead of elections on Sunday and is down nearly 1.6% while Shanghai (2967.84) is up 0.35%. The Sensex (15769.85) closed half a percentage higher yesterday as the range of 14300-16100 continued to be honoured. We shall have to see over this week and the next whether 16000 Resistance is able to hold strong or give in to the bulls.

COMMODITIES
Crude (71.31) fell yesterday and tested the Support at 70.50 mentioned earlier following the data released by the US Energy Information Administration (EIA) that showed an increase in crude inventories. As mentioned earlier Support is seen in the region 70.50-00, a break below which might see a dip towards 67.50. We may expect Crude to consolidate between 70.00-72.50 for some time.

Gold (945.50) is continuing to trade below 950. Support is seen at 940,a break below which might see a downmove towards 930. On the upside, a strong break above 950 might take it up towards 960.


CURRENCIES
Sterling (1.6236) has been the biggest mover yesterday, falling to a low near 1.6160 from a day high near 1.6357, reportedly on 2-yr yields hitting record lows. The Euro (1.4249) trades relatively weak despite good IFO numbers yesterday. Dollar-Yen (93.75) has come off sharply today, hurting most currencies. Keep a sharp eye on crucial Support at 93.00-92.85. Overall, the "risk" currencies seem to be facing an uphill task here.

Dollar-Swiss (1.0680) has moved up substantially, lowering the danger of a fall to 1.05. The Aussie (0.8270) has weakened over the last three days given the dip in commodities and in Dollar-Yen.

In Asia, the Won is trading weaker near 1249. The Rupee had weakened to 48.9250 yesterday and is in danger of weakening further towards 49.20. The 1-week and 1-mth NDFs are offered at 49.00 and 49.05 respectively.

INTEREST RATES
3M USD LIBOR was set 1 bp lower at 0.37% while the US Treasuries were little changed yesterday. The 10Y Benchmark yields were quoting at 3.43%.

Back home in India, the yields on Indian Government Bonds dipped sharply after the RBI unexpectedly announced OMO purchases yesterday and the weekly inflation numbers came in at -0.59% Y-o-Y. The 10Y bond yield fell 17 bps to 7.13%

DATA TODAY
12:30 GMT US GDP Q2 '09 (Pre)
...Expected -1.3%...Previous -1.0%
http://www.kshitij.com/fundamentals/funcharts/usgdp.shtml


DATA YESTERDAY

GER IFO Business Expectations
...Actual 95.0...Previous 90.4
http://www.kshitij.com/fundamentals/funcharts/gerifo.shtml

GER IFO Business Situations
...Actual 86.1...Previous 84.3
http://www.kshitij.com/fundamentals/funcharts/gerifo.shtml

GER IFO Business Climate
...Actual 90.5...Previous 87.3
http://www.kshitij.com/fundamentals/funcharts/gerifo.shtml

July US Durable Goods Orders
...Actual 4.9%...Previous -2.2%
http://www.kshitij.com/fundamentals/funcharts/usdur.shtml

June US New Home Sales
...Actual 433K...Previous 395K

 

 

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."



Elevate Your Trading With The Amazing Trader!

The Amazing Trader includes:
  • Actionable trading levels delivered to YOUR charts in real-time.
  • Live trading strategy sessions.
  • Market Updates with Trading Tools.

Register To Test Your Amazing Trader


Trading Ideas for 23 October 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:

Tue 24 Oct
All Day flash PMIs
Wed 25 Oct
01:30 AU- CPI
08:00 DE- IFO Survey
08:30 GB- GDP
14:00 CA- BOC Decision
14:30 US- EIA Crude
Thu 26 Oct
11:45 EZ- ECB Decision
12:30 US- Weekly Jobless
14:00 US- Pending Homes Sales
Fri 27 Oct
12:30 US- GDP
14:00 US- final Univ of Michigan

Forex Trading Outlook


Potential Trading Opportunities


  • POTENTIAL PRICE RISK: Medium Tue-- All Day Global flash PMIs. First good look at October economic performances.



  • POTENTIAL PRICE RISK: HIGH Wed-- 01:30 GMT AU- CPI. Top Inflation indicator.

  • POTENTIAL PRICE RISK: HIGH Wed-- 08:00 GMT DE- IFO Survey. Top German indicator.


  • POTENTIAL PRICE RISK: HIGH Wed-- 14:00 GMT CA- BOC Decision. No Policy Change Expected.


  • POTENTIAL PRICE RISK: Medium Wed-- 14:30 GMT US- EIA Crude. Top Weekly WTI Statistic.



John M. Bland, MBA
co-founding Partner, Global-View.com

EXCLUSIVE: Global-View Daily Trading Chart Points Updated

EXCLUSIVE: Global-View Free Forex Database updated




TRADER ADVOCACY ARTICLES

Trader's Advocate Articles..

pic

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 Global-View.com.

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

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.

Copyright ©1996-2014 Global-View. All Rights Reserved.
Hosting and Development by Blue 105