The U.S. Dollar is under pressure at the
midsession although todayâ€™s weakness is not as bad as yesterdayâ€™s.Record low borrowing costs are contributing
to the weakness in the Dollar and the strength in higher yielding assets.
Investors have been selling the Dollar to fund their appetite for risk.The U.S. Dollar is currently the cheapest
The EUR USD continued its strong rally this
morning despite recent weak economic news.In addition, European Central Bank President Trichet reiterated his
belief that the economic crisis is not over and that financial powers should
develop a strategy to exit from their stimulus plans.
Strength continued in the GBP USD ahead of
tomorrowâ€™s Bank of England announcement.Traders expect the BoE to leave interest rates unchanged.The market moving news will be any new
developments dealing with the BoEâ€™s asset buyback program.Last month the BoE decided to increase the
amount of money available for this program.This news shocked the market and triggered an almost month long decline
in the Pound.
The USD JPY remained weak as investors
continue to seek the higher yielding Japanese Bonds.Todayâ€™s U.S. 10-year auction results could
move this market following the announcement of the results.If yields rose then the Japanese Yen may feel
The USD CAD is trading mixed as the
Canadian Dollar approaches a key resistance area.Traders may be hesitating at this area
because of the previous warnings from the Bank of Canada regarding the rapid
rise in the Canadian Dollar and its negative effect on Canadian exports.
Appetite for risk continued to help boost
the AUD USD and NZD USD despite possible negative fundamental
announced that retail sales were down.This news could cause the Reserve Bank of Australiaâ€™s rate hike to be
postponed until later this year.Gains
have been limited in the NZD USD because of tomorrowâ€™s Reserve Bank of New Zealand
meeting.Traders believe the RBNZ will
leave rates unchanged and may reiterate its desire to keep rates low until
Forex Trading News
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Mon 19 Mar 2018 Tue 20 Mar 2018 AA 9:30 GB- CPI A 10:00 DE- ZEW Survey Wed 21 Mar 2018 AA 03:00 AU- Employment AA 9:30 GB- Employment A 12:30 US- Current Account AA 14:00 US- Existing Homes Sales A 14:30 US- EIA Crude A A18:00 US- Fed Rate Decision A 21:00 NZ- RBNZ Rate Decision Thu 22 Mar 2018 AA All Day flash PMIs AA 9:30 GB- Retail Sales AA 12:00 GB- Bank Of England Decision A 13:30 US- Weekly Jobless Fri 23 Mar 2018 AA 12:30 CA- CPI/Retail Sales A 12:30 US- Durable Goods A 14:00 US- New Homes Sales
John M. Bland, MBA co-founding Partner, Global-View.com
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.
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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.
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.
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