User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday October 1, 2009 - 03:37:18 GMT
FX Thoughts for the Day - www.fxthoughts.com

Share This Story:
| | Email

Morning Briefing : 01-Oct-2009 - 0334 GMT

GOOD MORNING!


EQUITIES
The Dow (9712.28) and the Nasdaq (2122.42) fell 0.31% and 0.08% respectively. The Dow has important Support near 9250. Till this Support holds, the trend remains bullish in the medium term. US Q2 Final GDP numbers came in better than expectations at -0.7% as against an expectation of -1.2%.

The Asian indices are trading mixed. Nikkei (9990.03) is trading lower by 1.41% despite Tankan Manufacturer's index showing signs of recovery. It climbed to -33 as against -48 in June and street expectations of -32. However, concerns that Japanese companies might plan to cut investments in response to slump in profits caused stocks to fall. The markets also fear a decrease in demand following the exhaustion of stimulus packages announced by governments the world over. Nikkei has fallen sharply over the last 5-6 trading days and has Support next at 9800. Shanghai and Hang Seng are closed today while Jakarta, Taiwan and NZSE are trading higher by nearly half a percentage each.

The Sensex (17126.84) has broken the channel Resistance at 17050 yesterday and is looking to scale further up towards 20000 over the next few months.

COMMODITIES
Crude (70.00) has risen sharply yesterday following the US government's weekly oil data that showed a drop of 1.6 million barrels in the gasoline inventories. However the US Crude inventories increased by 2.8 million barrels as expected. Immediate Support-turned-Resistance Trendline is seen at 70.50. A strong break above this Resistance might see a rise once again towards 72.50-73.00. On the other hand a break below 70 might pull it down towards 67.50. To see the Trendline Resistance on the Crude graph click on the following link:
http://www.kshitij.com/graphgallery/nymexcrudecandle.shtml#candle

Gold (1006.80) has risen sharply yesterday from the low of 992.50 and is now trading above 1000. Immediate Resistance is seen at 1010, a break above which might see a rise towards 1020. If 1010 holds, a break below 1000 might pull it down once again towards 990-985.


CURRENCIES
Currencies like the Euro (1.4635) and the Aussie (0.8825) retain their overall strength and are consolidating. The overall environment is still positive although the Aussie could see some profit-taking here. Dollar-Yen (89.85) is also consolidating between 89.50-90.20 within an overall downtrend. The Euro-Yen Cross (131.50) too may remain consolidative between 131-132 for a couple of days.

The Pound (1.5965) has fallen again after having seen a corrective rally to 1.6125 yesterday. This could be a decent "Sell" candidate today. Dollar-Swiss (1.0365) remains bearish despite a rally to 1.0450 yesterday. It is to be seen, however, whether Traders are keen to press fresh sales onto the pair.

In Asia, the Sing Dollar (1.4105) had strengthened again yesterday and the USD-SGD has hit a fresh low for the year at 1.4061 today. The Korean Won trades strong near 1178. Dollar-Rupee was closed yesterday but may be expected to move down today given the strong rise in India Equities yesterday. The NDFs are quoting near 47.80, much lower than Tuesday's Close near 48.10/11.


INTEREST RATES
3M USD LIBOR was left unchanged at 0.29%. The yields on US Treasuries were little changed. The 10Y benchmark yields continue to trade near 3.30%. The 2Y yields was quoted 4 bps lower near 0.95%.

DATA TODAY
JP Tankan Large Manufacturers Index
...Actual -33...Previous -48
http://www.kshitij.com/fundamentals/funcharts/jptankan.shtml

09:00 GMT EU Unemp
...Expected 9.6%...Previous 9.5%

12:30 GMT US July Personal Income
...Expected 0.1%...Previous 0.0%
http://www.kshitij.com/fundamentals/funcharts/usperinc.shtml

12:30 GMT US July PCE Price Index M/M
...Expected 1.2%...Previous 0.2%
http://www.kshitij.com/fundamentals/funcharts/uspce.shtml

14:00 GMT Sep US Manufacturing ISM
...Expected 53.9...Previous 52.9
http://www.kshitij.com/fundamentals/funcharts/usism.shtml


DATA YESTERDAY
US GDP Q2 '09 (Fnl)
...Actual -0.7%...Previous -1.0%
http://www.kshitij.com/fundamentals/funcharts/usgdp.shtml

CA GDP
...Actual 0.0%...Previous 0.1%

 

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 11 December 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:

Tue 12 Dec
09:30 GB- CPI
10:00 GB- ZEW Survey
13:30 US- PPI
Wed 13 Dec
00:30 AU- Employment
09:30 GB- Unemployment
13:30 US- CPI
15:30 US- EIA Crude
19:00 US- Fed Decision
Thu 14 Dec
07:30 CH- SNB Decision
All Day- Global- flash PMIs
12:00 GB- Bank of England Decision
12:45 EZ- ECB Decision
13:30 US- Retail Sales
13:30 US- Weekly Jobless
14:45 US- Industrial Production

Forex Trading Outlook


Potential Trading Opportunities

  • POTENTIAL PRICE RISK: Mediun Tue--10:00 GMT-- DE- ZEW. Second Tier Sentiment Survey
  • POTENTIAL PRICE RISK: HIGH-Medium Tue--13:30 GMT-- US- PPI

  • POTENTIAL PRICE RISK: HIGH-Medium Wed--09:30 GMT-- GB- Employment
  • POTENTIAL PRICE RISK: HIGH Wed--13:30 GMT-- US- CPI
  • POTENTIAL PRICE RISK: Medium Wed--15:30 GMT-- US- EIA Crude
  • POTENTIAL PRICE RISK: High Wed--19:00 GMT-- US- Fed Decision


  • POTENTIAL PRICE RISK: HIGH- Thu --00:30 GMT-- AU- Employment
  • POTENTIAL PRICE RISK: Medium- Thu --All day-- global- flash PMIs
  • POTENTIAL PRICE RISK: HIGH-Medium- Thu --07:30-- CH- Swiss National Bank Decision
  • POTENTIAL PRICE RISK: HIGH-Medium- Thu --09:30-- GB- Retail Sales
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