The U.S. Dollar is trading lower against all majors as
overnight rallies in the stock indices and gold are once again pulling the
Dollar lower and signaling renewed demand for higher risk assets.
Even European Central Bank President Trichet couldnâ€™t
prolong the rally in the Dollar.Yesterday he expressed support with Fed Chairman Bernanke in supporting
the Dollar.His comments triggered a
short-covering rally which could not be sustained overnight.ECB member Jean-Claude Juncker said overnight
that Trichet did what he had to do, but that the Euro wasnâ€™t high enough to
curtail the Euro-Zone recovery.
The EUR USD is trading higher and appears to have the
momentum to drive past $1.5000 this time.Certainly, Junckerâ€™s comments have taken out the fear of buying the Euro
as it begins to break out above this price.Traders have been reluctant lately to buy when the market approached
this figure out of fear the ECB would try to prevent the currency from advancing
further.Last nightâ€™s comments give
traders the green-light to begin the move which takes the Euro behind the
annual high at $1.5063.
The Bank of Englandâ€™s minutes show a three-way split in the
vote to expand the asset-purchase program.This is helping to provide support for the GBP USD this morning.It also signals that the BoE is not likely to
expand the program any further at its meeting next month.It looks at if technical factors may be
limiting gains.Current conditions
suggest that the recent rapid rise has put this market in an overbought
The USD JPY is trading sideways-to-lower.If U.S.
interest rates are going to remain low in the U.S. then the Japanese Yen should
appreciate against the Dollar. Traders seem to be hesitant to sell the USD JPY
as it approaches the recent bottom at 87.99.Investors arenâ€™t sure how the Bank of Japan will react if the Yen
continues to strengthen.
Yesterdayâ€™s rally in the USD CHF appears to have been a
short-covering rally.The move stopped
at a key 50% price at 1.0186.This
indicates that it was just a short-covering rally designed to relieve some of
the downside pressure.
The AUD USD is recovering nicely following yesterdayâ€™s
sell-off.The break was triggered by the
Reserve Bank of Australiaâ€™s
minutes which questioned whether the RBA was in a position to hike interest
rates over the near-term.Since the
market was not thinking they would, the break was mild compared to reactions in
the past.Demand for higher yielding
assets is the driving force today.
Demand for higher yielding assets is helping to support the
NZD USD.This market however is still in
a downtrend and a weak position.Even
with gold and equity markets hitting new highs for the year, this currency
hasnâ€™t been able to keep pace with the demand for higher risk assets.It looks like it is going to take a surprise
event to trigger another surge to the upside.
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.