The U.S. Dollar closed trading mixed after trading in a
range most of the day following the release of a poor October jobs data
report.The loss of 190,000 jobs was
somewhat of a surprise. Traders were positioned for a loss of 175,000 jobs. The
unemployment rate climbed to a 26-year high to 10.2% and the world didnâ€™t fall
apart.Traders either believe this is
the bottom in unemployment or they have become complacent which could mean huge
volatility is looming.
The Dollar was treated as a safe-haven by some currencies
while others remained focused on their own fundamentals.The action in the outside markets suggests
lower interest rates and a weaker economy. Chicago financial market traders increased
bets that the Fed will keep interest rates low for some time.
This week-end the G-20 meets in Scotland.Members will discuss the value of the Dollar
and Asian currency rates then take a group photo on the steps of some famous
building.Donâ€™t expect anything earth-shattering
at this meeting.
The Euro lost ground to the Dollar today.This may be an indication that traders
believe the U.S.
economy will drag down the Euro Zone.If
the U.S. employment picture
isnâ€™t improving then donâ€™t expect any improvement out of Germany.
The British Pound traded higher.Traders must believe that the Bank of
Englandâ€™s quantitative easing expansion was the right amount necessary to give
the economy a boost.I also think that
traders were relieved that the report showed the U.S. economy was still weak. For
awhile it looked as if the U.K.
economy was going to be the last to recover.
The Dollar lost ground to the Japanese Yen as traders sought
safety in the lower yielding U.S.
currency.Yen traders seem to think that
rates are going to plunge or remain lower for a prolonged period of time.
The USD CAD finished higher after the Canadian Jobs Report
showed an unexpected loss.Traders were
looking for an increase of 10,000 jobs but the report showed a loss of
43,200.The high priced currency during
the third quarter most likely killed business and any chance of a
recovery.Companies were left with
nothing else to do except slash jobs.
The AUD USD closed higher on the news that the Reserve Bank
increased GDP expectations.It also
hinted at future interest rate hikes.Weâ€™ll
see Monday if this was just a reaction to the news or a change in trend back to
the upside.Fridayâ€™s action looked as if
it was short-covering rather than fresh buying.
The groundwork has been laid out by the Fed for another
â€śdemand for higher yieldâ€ť rally but todayâ€™s action seems to reflect trader
concerns that the global economy is still struggling to recover and that
perhaps the safe-haven Dollar is the place to be.A big decision is going to have to be made
soon to either use the excess liquidity to chase yields or put it in a safe
place like the Dollar.
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 10 Sep 2018 AA 08:30 GB- GDP, Trade, Output Tue 11 Sep 2018 AA 08:30 GB- Employment Decision A 09:00 DE- ZEW Survey Wed 12 Sep 2018 A 12:30 US- PPI A 14:30 US- EIA Crude A 18:00 US- Beige Book Thu 13 Sep 2018 A 1:30 AU- Employment AA 11:00 GB- Bank of England Decision AA 11:45 EZ- European Central Bank Decision A 12:30 US- Weekly Jobless AA 12:30 US- CPI Fri 14 Sep 2018 A 08:30 GB- GDP AA 12:30 US- Retail Sales A 13:15 US- Industrial Production AA 14:00 US- prelim University of Michigan
John M. Bland, MBA co-founding Partner, Global-View.com
Global-View Affiliate Program
We are starting an affiliate program to market some of our products.
Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.
Put the word "affiliate" in the email subject line.
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.