The U.S. Dollar is trading higher against most major
currencies this morning with the exception of the Japanese.Easing in equity, gold and crude oil prices
is sending a signal to traders to lighten up positions and book profits after
the recent decline in the Dollar.The
inability to accelerate the Dollar to the downside is also contributing to the
rally.Shorts seem to have pulled offers
after the down side momentum stated to flatten out.
The EUR USD failed to take out $1.5000 which came as a
surprise to traders.Yesterdayâ€™s rally
in the Euro following comments from Luxembourgâ€™s Juncker should have given the
Euro the green light to challenge the high for the year at $1.5063, but when
traders failed to print $1.5000 last night, the market turned seller.
The GBP USD is trading weaker.Overbought conditions are contributing to the
weakness, but the major concern for traders today is the U.K. economy
and the countryâ€™s debt situation.Investors are concerned about bank credit issues.The recent Bank of England minutes indicate
that members are split as to how to handle the quantitative easing
program.Some wanted to expand it, others
did not.This means that all members are
not on the same page in reading the economy.
The Dollar is losing ground to the Japanese Yen.Repatriation of funds is helping to boost the
Yen.Some traders are buying the Yen in
speculation that a softening in the Chinese Yuan may be beneficial for the
A sell-off in equity, gold and oil prices is helping to
drive the USD CAD higher.Appetite for
risk seems to have been taken off the table.This is putting pressure on commodity-based currencies like the Canadian
The same situation is pressuring higher yielding currencies
like the AUD USD and NZD USD.Traders
are selling stocks in Asia, Europe and the
United States while dumping higher yielding, higher risk assets.
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Mon 26 Feb 2018 A 15:00 US- New Homes Sales Tue 27 Feb 2018 A 08:55 DE- Jobless B 13:30 US- Durable Goods A 15:00 US- CB Consumer Confidence A 15:00 US- Pending Homes Sales AA 15:00 US- Powell House Testimony Wed 28 Feb 2018 A 10:00 EZ- flash HICP AA 13:30 US- GDP A 15:30 US- EIA Crude Thu 1 Mar 2018 A All Day final Mfg PMIs A 13:30 US- Weekly Jobless AA 13:30 US- Core PCE Deflator AA 15:00 US- Powell Senate Testimony A 15:30 US- EIA Crude Fri 2 Mar 2018 AA 15:00 US- final Univ of Mich
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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.
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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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