Stocks Could Weaken as Risk Sentiment Shifts away from Higher Risk Assets
Stock Index Futures are trading lower overnight as investors
are shifting out of higher risk assets.Concerns that a tighter monetary policy in China will lead to a slow down in
the Chinese economy is encouraging traders to lighten up on higher yielding
assets. Traders are also being cautious ahead of todayâ€™s earnings reports.Momentum has slowed down despite higher
prices this week.Investors are worrying
about taxes, bank fees and the healthcare package, and their possible negative
impacts on the economy.
Treasury futures are trading higher this morning after a
strong turnaround on Thursday.Strong
demand for Treasury Bonds at yesterdayâ€™s auction helped send yields down and
prices up. Falling demand for risky assets could drive more money into fixed
income instruments today.
February Gold is trading lower because of the stronger
Dollar.News that Chinaâ€™s economy
may actually slowdown is also triggering lower demand for raw materials.In addition, a slowdown in demand from China will
lessen goldâ€™s appeal as a hedge against inflation.The inability to rally back to $1151.00
yesterday is a sign of weakness.Downside momentum could take this market through a 50% level at $1119.10
to the .618 level at $1108.80.
March Crude Oil is headed toward its first weekly lower
close since early December.A drop in
demand from China
is taking out speculators who bought earlier in the week.Currently this market is resting on a 50%
price at 78.99.A failure to hold this
level will trigger a further decline to 77.70.
The U.S. Dollar is trading higher against a basket of
currencies as traders seem to have taken risk out of the equation.Earlier in the week, China announced measures to tighten
up bank lending requirements.This is
raising concerns that Chinaâ€™s
economy may slowdown, thus decreasing demand for commodities and other higher
economic reports will highlight inflation and production.The Consumer Price Index is expected to show
little growth with guesses ranging from 0% to 0.1%.Industrial Production is expected to increase
by 0.6% to 71.9%
Although these reports are expected to produce knee-jerk
reactions in the Forex markets today, the primary focus will be on risk
sentiment. This weekâ€™s move by China
is telling the market that interest rates will be rising and the government is
getting ready to slowdown, if not end, its stimulus measures.
The March Euro is trading weaker as traders are raising
concerns about Greeceâ€™s
ability to gain control of its debt issues.The daily chart indicates that a short-term range has been formed at
1.4217 to 1.4579.This range creates a
retracement zone at 1.4386 to 1.4217.Overnight, the upper end of this zone was tested.
Overnight, the March British Pound tested a major 50% price
at 1.6355 and sold off.The main range
is 1.6870 to 1.5832.A key retracement
zone has been formed at 1.6355 to 1.6478.A new short-term range has been formed at 1.5895 to 1.6354.This range sets up the next possible downside
target at 1.6125 to 1.6036.
Concerns over a slowdown in the Chinese economy are driving
traders to lower yielding assets, namely the Japanese Yen. Overnight the March
Japanese Yen is trading stronger.Based
on the main range of 1.1774 to 1.0679, the charts indicate that 1.11273 is the
next upside target.
After trading in a tight range for most of this week, the March
Swiss Franc is finally showing downside momentum following a breakdown under .9806.A new short-term range has been formed at .9522
to .9875. This range sets up a possible short-term retracement to .9699 to .9657.
The March Canadian Dollar held the October top at .9792 and
is now trading lower.The last time the
market was up at this level, the Canadian government issued a stern statement
regarding its concerns over the rise in the Canadian Dollar and its negative
impact on the economy.This week, Prime
Minister Harper voiced similar concerns.Long traders have to be nervous in this area out of fear the BoC may
apply measures to the market to weaken its currency.
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 9 July 2018 AA 12:00 EZ- Draghi EU Parliament Testimony Tue 10 July 2018 AA 08:30 GB- Ind/Prod Output, Trade AA 09:00 DE- ZEW Survey Wed 11 July 2018 A 12:30 US- PPI A 14:00 CA- Bank Of Canada Decision A 14:30 US- EIA Crude Thu 12 July 2018 AA 12:30 US- CPI Fri 13 July 2018 A 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.