At the midsession, it appeared the U.S. Dollar was in a
position to reverse todayâ€™s trend and finish higher for the day, but bullish
news from Intel after the close helped drive up demand for higher risk assets.
The EUR USD finished higher despite a less than friendly
German consumer confidence report.Traders have decided to focus on the future rather than old economic
data.This is helping to give the Euro
its current boost.The Euro made a new
high for the year today, but there was no acceleration to the upside.This is leading some analysts to believe that
this currency pair is overbought at current levels.
This morning a bearish U.K. inflation report initially
drove the GBP USD lower, but traders quickly bought the dip to trigger a higher
close by the end of the day.The closing
price reversal bottom does not change the trend to up, but indicates the start
of a 2 to 3 day rally.The chart
indicates a move to 1.5913 to 1.5962 is likely over the short-term.
The USD CAD was trading sharply lower for most of the New York session until
Canadian Prime Minister Stephen Harper said that he was concerned about the
rapid rise in the Canadian Dollar.His
fear that the price appreciation would have a negative impact on Canadian
exports helped trigger a strong short-covering rally.This currency pair came close to posting a
closing price reversal bottom, but bullish news from Intel after the close
helped trigger demand for higher risk assets.
Upside momentum slowed a bit in the AUD USD because of the
intra-day weakness in U.S.
equity markets.For some time today, the
Aussie was in a position to post a daily closing price reversal top, but a
surge late in the day prevented this from happening.Bullish news from Intel helped rally the
stock market after the close but before the New York Forex session closed.This market is beginning to look tired and
upside momentum appears to be slowing. Technical conditions may be approaching
overbought levels as traders may have built in too much of a cushion in
anticipation of next monthâ€™s expected interest rate hike.
The NZD USD closed higher but the chart pattern indicates a
possible divergence pattern forming between the New Zealand Dollar and
Australian Dollar.This could indicate a
potential topping pattern.Today it New
Zealand Retail Sales were reported better than expected.This indicates that consumers are helping to
spend the economy through the recession.
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
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and click on the link for past reports on forex. Currency world news reports
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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.
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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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