Strong Dollar Limiting Risk for Higher Yielding Assets
The strengthening Dollar is leading to a sell-off in equity,
oil and gold markets this morning as investors are leaving higher risk assets
for the safety of the Greenback and U.S. Treasuries.
Equity prices are falling across the board in Asia, Europe
and the U.S.
as global investors are cashing in positions after stocks failed to accelerate
to the upside on the prospect of lower interest rates and a weaker Dollar.Concerns about the strength of the global
economy have been raised following recent comments from Fed officials regarding
the state of the U.S.
economy. This is giving investors an excuse to book profits. Traders are
concerned the stock market is too far ahead of the economy and are beginning to
question valuation.This could trigger a
sizable correction over the short-run.
Treasury futures are likely to benefit if equity prices
sell-off sharply.Investors are likely
to pressure stocks if the Dollar continues to strengthen.Traders will be looking for safety rather
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 December Euro 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 December British Pound 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 December Canadian Dollar lower.Appetite for risk seems to have been taken off the table.This is putting pressure on commodity-based
currencies like the Canadian Dollar.
Yesterdayâ€™s close near the low of the day following a new
high for the year was a sign that that gold market was weakening.Todayâ€™s follow-through to the downside
indicates that a top could be forming in December Gold. Based on the strength
earlier this week and the size of the rally, this market could be vulnerable to
a serious sell-off if the Dollar begins to overcome important resistance
levels. Weekly closes will become more important if the sell-off continues
throughout the day and spills over into tomorrow.
January Crude Oil is trading weaker.Fundamentally this market should be a lot
lower because of a bearish supply/demand picture.If the economy is going to weaken as
expected, then demand should continue to fall.Speculators are supporting this market at this time.Sharply lower equity prices and a stronger
Dollar could force the specs to liquidate positions.
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.
Tue 19 June 2018 A 12:30 US- House Permits/Starts Wed 20 June 2018 A 14:00 US- Existing Homes Sales A 14:30 US- EIA Crude Thu 21 June 2018 AA 11:00 GB- Bank of England Decision A 12:30 US- Weekly Jobless Fri 22 June 2018 AFlash PMIs
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.