Asset Allocation Play Continues; Stock Rise, Treasuries Break Overnight
stock indices are trading better overnight.Last nightâ€™s rally took out the recent top in the March E-mini S&P
500, reaching 1114.75.The next upside
targets are 1119.00 to 1122.00.Optimism
over a U.S.
economic recovery is encouraging investors to seek higher yielding stocks at
the expense of Treasuries and Gold.
March Treasury Bonds and Treasury Notes continue to feel
downside pressure.Japanese investors
are moving money into the Treasuries.Investors are asking for higher yields because of concerns over the
abundance of U.S.
debt and the Treasuryâ€™s ability to pay it back. Asset allocators are pulling
money out of fixed income instruments while seeking higher yields in the stock
The March Euro is trading flat after Moodyâ€™s became the last
of three major credit rating services to downgrade Greeceâ€™s debt.Traders had been waiting for this downgrade
and were not surprised by the news.Although this last downgrade is out of the way, traders are not
optimistic about the Euro.Many feel
that further downgrades of other sovereign debt are likely.Spain
remain targets of the credit rating agencies.There may be a relief rally, now that the news about Greece is out but donâ€™t expect a
change in trend to up.
The March British Pound continued to show weakness
overnight.The charts indicate that
1.5940 is the next downside target.Overnight U.K. GDP was revised upward to show a loss of 0.2%.The previous estimate was for a loss of
0.3%.Pre-report estimates were for a
loss of 0.1%.Like the Euro, thin
holiday trading conditions could lead to a counter-trend move today.
Rising Treasury yields continue to boost the U.S. Dollar
versus the Japanese Yen.Optimism over
an economic recovery in the U.S.
is leading traders to sell the Japanese Yen.The recent rise in Treasury Bond and Note yields have become attractive
to Japanese investors who have to sell the Yen to buy Dollars.
The Dollar continues to strengthen versus the March Swiss
Franc. Not only are traders looking for the U.S. economy to recover faster than
the Swiss economy, but some investors are factoring in the possibility that
Euro Zone sovereign debt issues may spillover to the Swiss financial system.
The strengthening U.S. economy is having a positive
effect on the Canadian Dollar.Although
the U.S. Dollar has faltered against the Canadian the past three days, this
currency remains inside of its October to November range.The mid-point of this range is .9446.This price is an important pivot.Additional pivot price resistance comes in at
February Gold hits its lowest level since early November
overnight.The charts indicate that the
next downside target is $1079.00.Traders should look for a technical bounce on the first test of this
price, but gains will be limited by resistance at $1107.00. Investors are
reallocating funds at this time, and with expectations of a stronger Dollar,
are cutting allocations to gold.
March Crude Oil is trading weaker.Overnight selling pressure has helped form a
new main top at 76.33.The main trend
will turn to up on a move through this level.The first downside target is a .618 level at 73.63.This is followed by a main bottom at
72.53.Supply/demand issues continue to
plague this market.Traders also feel
that OPEC will not cut production while the world is still trying to mount
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.
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.