equity markets produced modest gains on Monday. The trading action suggests
that short-covering and bottom picking were most likely the catalysts behind
todayâ€™s rally.Volatility slowed
compared to last weekâ€™s trading action. Investors may be standing aside as they
await Wednesdayâ€™s Fed FOMC announcement.
Treasury futures traded lower as demand for lower yielding
assets fell. Demand for safer assets helped to lower yields and boost the March
Treasury Bonds and Treasury Notes last week. This bodes well for the next
auction because it looks as if the Treasury will be able to offer lower yields.
Supply concerns are likely to continue to limit gains, however.
February Gold mounted a strong comeback following last
weekâ€™s sharply lower trade.Investors
dumped commodities because of the stronger U.S. Dollar. News that China
was beginning to shift toward a tighter monetary policy means less demand for
precious and industrial metals. Furthermore, a slow down in demand will mean
lower inflation which lessens the need for gold as a hedge. Most of Mondayâ€™s
strength could be attributed to short-covering and profit-taking.
March Crude Oil traded sideways-to-higher following last
weekâ€™s collapse.The prospect of a
stronger Dollar and weaker demand from China were the driving forces
behind the weakness. New regulations regarding position limits also led to
massive liquidation.Cold weather moving
to the East may drive up demand for heating oil which could underpin crude oil this
The U.S. Dollar eased a bit on Monday against most major
currencies as investor sentiment shifted back toward putting â€śrisk onâ€ť.News today centered on Greeceâ€™s effort to shore up its
finances by offering five-year bonds.Apparently the offering was well received by the investing public as
demand exceeded 20 billion Euros. Early expectations were for demand of 3 to 5
billion Euros. This indicates the European investing community has faith and
confidence in Greeceâ€™s
ability to pull out of its fiscal mess.
The March British Pound traded sharply higher all session
ahead of tomorrowâ€™s GDP report. Todayâ€™s action looked a little stronger than
short-covering so speculators could be anticipating a robust report. The U.K.
economy was the driving force behind this marketâ€™s recent weakness.Oversold conditions are likely to help the
Pound strengthen over the near-term or until more bad economic news hits the
wires. Traders are looking for GDP to increase by 0.4% after a 0.2%
The March Japanese Yen traded weaker following a volatile
week which saw the Greenback lose ground. News that Bernanke would be
reappointed helped to support demand for higher risk assets. This pressured the
Japanese Yen. The Bank of Japan is expected to leave interest rates and
stimulus alone at this weekâ€™s meeting, but could threaten to intervene if this
currency pair rallies above 1.1200.
The March Swiss Franc traded higher throughout the day after
continuing last weekâ€™s late reversal. The chart pattern suggests that this
market is likely to continue to weaken until it reaches a key support zone at
.9702 to .9743. Traders should also watch the Euro. A sudden drop in the Euro
versus the Swiss Franc could lead to renewed talk of intervention by the Swiss National
The March Canadian Dollar continued to weaken despite firm
gold, crude oil and equity markets. Technically, this market is oversold which
should begin to attract bottom pickers. The chart indicates that a rally
through .9510 is likely to trigger an acceleration to the upside.
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
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Forex News Real-time forex market news reports and features providing
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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
John M. Bland, MBA co-founding Partner, Global-View.com
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 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.
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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.
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.
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