Global Equity Markets Rise as Investors Pin Hopes on Recovery
U.S. Equity markets are called better this
morning based on the strong upside action in the global stock markets.Traders are a little more optimistic today
because of yesterdayâ€™s strong showing in the U.S. ISM Services Report.Last week traders were concerned about job
losses and falling manufacturing, but this week traders seem more optimistic
about the economic recovery.
This optimism is driving stock prices up
ahead of the start of the earnings season.Gains may be pared later today as traders position themselves ahead of
tomorrowâ€™s first report from Alcoa.Investors want to see an increase in earnings fueled by increased
revenues.Traders may become skeptical
about the economy if earnings are up because expenses were slashed.
December Treasury Bonds and T-Notes could
see downside pressure today if U.S.
equity markets surge to the upside.Last
Fridayâ€™s closing price reversal top is still weighing on the markets and is a
strong indication that the selling is greater than the buying at current
levels.T-Bonds came close to a major
50% objective late last week.This may
be the technical catalyst behind the developing weakness.
The U.S. Dollar is expected to open lower
against all major currencies this morning except the British Pound.Increased appetite for more risky assets is
pressuring the Dollar overnight while weak fundamentals continue to hurt the
The Dollar is also seeing selling pressure
following a story that Saudi Arabia
and other large crude oil customers such as China may be considering pricing a
barrel of oil in a currency other than the Dollar.
The Reserve Bank of Australia hiked
its benchmark interest rate overnight by 0.25% to 3.25 percent.The news wires are calling this â€śunexpectedâ€ť,
but the trading action yesterday indicated that traders were already beginning
to price in this hike.This increase in
interest rates may be an indication that the Asian-Pacific economic zone may be
outperforming the U.S. and Europe.
Increased demand for risk is helping to
boost the December Euro.Yesterdayâ€™s
better than expected U.S. ISM Services Sector Report is helping to boost equity
prices as well as some commodities.The
move by the RBA is also renewing confidence that a global economic recovery may
be starting soon.
The December British Pound is trading lower
following the release of a worse than expected U.K. Factory Output Report.Traders are also reluctant to buy the Pound
ahead of Thursdayâ€™s key Bank of England meeting.Investors are certain interest rates will
remain unchanged at 1%, but arenâ€™t sure whether the BoE will make adjustments
to its asset-buyback program.
Greater demand for risky assets is
pressuring the Dollar versus the Japanese Yen.Traders are taking the Yen up slowly because of fear of an intervention
by the Bank of Japan if volatility gets too high and if prices move abnormally
or without economic reasons.
Higher crude oil and equity prices are
boosting the Canadian Dollar.Although
this currency remains inside of a sizeable range, price increases in both of
these asset classes is expected to keep upside pressure on the Canadian Dollar.
Look for December Gold to continue to rise
as long as the U.S. Dollar remains under pressure.The rally is beginning to pick-up steam as it
approaches last monthâ€™s high at $1025.00.Volatility could be high and traders should expect about a 1% movement
in price per day.This means we could
see swings of $10 or greater as the price rises.
The weaker Dollar and greater demand for
higher risk commodities should help to boost December Crude Oil today.Supply and Demand are still major concerns
but that shouldnâ€™t bother speculators.
Talk of an early frost helped boost
December Corn yesterday.We saw a
similar move last month that faded quickly.Watch to see if there is a follow-through rally today.This is a risky trade as the upside is still
limited by oversupply.
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."
Actionable trading levels delivered to YOUR charts in real-time.
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.
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.