Equities are holding firm overnight ahead of the Fedâ€™s
policy statement.Traders want to see
indications that the Fed sees improvements in the economy.At the same time, they donâ€™t want to see
higher interest rates.This sets up the
possibility of a choppy two-sided trade following the release of the FOMC
statement.A rally through 1114.25 in
the March E-mini S&P 500 is likely to trigger a rally to 1119.00, then
1122.00.A break under 1009.75 could
trigger a hard break to 1096.75.
March Treasury Bonds are trading slightly better.The recent sell-off in the T-Bonds and
T-Notes is a sign that traders are anticipating hawkish comments from the
Fed.The failure of the Fed to
accommodate these traders is likely to send the Treasuries sharply higher.
February Gold is trading higher. This is a sign that gold
traders are betting on a weaker Dollar following the Fed report.The chart indicates a move to $1155.50 is
March Crude oil is trading inside of a retracement zone
after forming a new main bottom at 72.45.The chart indicates a rally to 75.53 is likely over the short-run.Firmer stocks and a weaker Dollar could
support a rally today.
The U.S. Dollar is trading softer overnight as traders
reduced long positions ahead of todayâ€™s Federal Open Market Committee
The Fed is expected to leave its benchmark interest rate at
0.25%; the argument is whether it will alter the language its policy statement
to represent positive changes in the U.S. economy.
Bullish Dollar traders are looking for the Fed to lean more
toward the hawkish side.These traders
have increased bets the last few days that the Fed would soften the language of
its last monetary policy statement.These changes would include altering or removing the Fedâ€™s stance to
keep interest rates low for â€śan extended periodâ€ť.
From a traderâ€™s perspective, the Fed will have to
substantially alter the language of its statement since a simple softening of a
few phrases has already been priced into the market.In addition, traders are likely to sell the
Dollar if the Fed leaves the current language intact or if it surprisingly
becomes more dovish.Based on these
scenarios, the Dollar is likely to feel pressure following the release of the
statement.Todayâ€™s announcement could
become a simple case of â€śBuy the Rumor, Sell the Factâ€ť.
A break in the Dollar after the Fed news should be treated
as a profit-taking correction and not the start of another change in
trend.Now that the main trend has turned
up, traders should look for a buying opportunity on the next substantial
The March Euro is trading better overnight.Traders are lightening up short positions
ahead of the Fedâ€™s statement and reacting positively to good Euro Zone
purchasing mangerâ€™s indexes on manufacturing and services.For the second day in a row, the Euro is
holding a .618 retracement level at 1.4465.
An unexpectedly better U.K. jobless claims report is
helping to give the March British Pound a boost overnight.This was the first decline since 2008.The British Pound held inside a retracement
zone at 1.6292 to 1.6254 the past 4 days while trying to establish a support
base.Breaking out to the upside could
trigger a rally to 1.6443 to 1.6508.
The March Japanese Yen is trading a little better
overnight.Todayâ€™s downside target is
1.1062.The chart indicates room to the
upside with 1.1139 a potential target.
The March Swiss Franc is taking back some of yesterdayâ€™s
loss.Watch for a possible pullback to
the old main bottom at .9690.A failure
to hold a correction back to this price indicates further upside pressure.The chart indicates this market could rally
back to .9830.
The Canadian Dollar is trading slightly better.This currency pair remains inside of a main range
at .9571 to .9365.A minor range at
.9504 to .9440 is also attracting attention.
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.