It was a volatile week for the U.S. Dollar. However, a
strong comeback on Friday allowed the Dollar to finish lower for the week, but
well off of its lowest level.
For the week, the EUR USD managed to finish higher but off
its high for the year at 1.4843.The
European Central Bank left interest rates unchanged and predicted a rocky
The GBP USD finished lower for the week. Comments from
Bernanke are making it look like the U.S.
economy will recover well ahead of the U.K. economy.The Bank of England left interest rates
unchanged at 0.50%.In addition, the BoE
decided to maintain its asset-buyback program.The chart indicates that 1.5272 is the next major downside target.
The USD JPY had a volatile week.The Dollar initially weakened against the Yen
as it looked as if U.S.
interest rates would continue to fall.Traders drove this currency pair through the recent bottom but above the
low for the year at 87.11.Traders were
initially worried the Bank of Japan would intervene at the low levels, but that
never happened.Comments from Fed
Chairman Bernanke regarding a possible hike in U.S.
interest rates have led traders to believe that the U.S. economy will recover faster
than the Japanese economy and that the Yen would once again become the carry
currency of choice.
The USD CAD closed sharply lower.Demand for higher risk assets such as
equities and crude oil triggered the initial weakness, but it was a bullish
Canadian unemployment report which eventually fueled the acceleration to the
downside.A new swing top has been
formed on the weekly chart at 1.099.The
weekly chart also indicates that 1.0297 is the next downside target.
Talk of a possible hike in U.S. interest rates helped weaken
the AUD USD and NZD USD on Friday.These
moves were most likely position paring after a strong rally this week and not a
sign of a change in trend.Australian
Dollar traders will support this currency on any weakness because of the strong
possibility of another rate hike by the Reserve Bank of Australia in November.The next rally could be tentative for the New
Zealand Dollar because of hawkish comments from the Reserve Bank of New Zealand.The RBNZ is on record voicing its concerns
about the value of the Kiwi and its possible negative effects on the economy‚Äôs
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.