December S&P and NASDAQ stock index futures finished
lower for the month while the December Dow eked out a small gain. The closing
price reversal tops in the S&P and NASDAQ indicate that the selling is
greater than the buying at current levels and set up the possibility for a 2 to
3 month decline.Todayâ€™s sell-off was
broad-based, which is another sign that the 10% to 20% correction that analysts
have been anticipating may actually be taking place.
December Treasury futures rose as Bond and Note yields fell
sharply on the stock market decline.Traders aggressively moved money from the higher risk markets into the
lower-yielding but relatively â€śsafeâ€ť fixed income markets.This weekâ€™s Treasury auction was well received
as robust demand from foreign traders helped keep yields stable. Expectations
are for T-Bonds and T-Notes to remain firm as long as fear continues to drive
investors out of commodities and equities.
The U.S. Dollar posted a strong gain for the week, but
finished the month slightly lower.The
shift in sentiment from higher risk assets to the lower risk, lower yielding
Dollar is an indication that investors may think the global economy is still
fragile and that the recovery will be labored and rough.
December Gold futures traded down on Friday as the Dollar
strengthened.The break wasnâ€™t as bad
today as it was earlier in the week.This could be an indication that some traders are still holding on to
gold out of fear of an inflationary spike.Some traders are still hanging on to long positions in the hopes that
central bank spending and excess liquidity will trigger inflation all around
Speculation, a higher stock market and a lower Dollar drove
December Crude Oil higher during October.Now that equities are weakening and the Dollar strengthening, the only
factor holding this market higher is the speculators.Supply and demand figures are indicating an
abundance of oil, so if short-term traders decide to begin paying attention to
these numbers, this market could be setting up for a big fall.
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
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market news, weekly forex research and monthly forex news features can be found
Forex News Real-time forex market news reports and features providing
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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 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.
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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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