Confidence that the European Union, Greece
situation is close to a resolution is helping to drive up demand for risky
assets. This is helping to boost the U.S. stock indices ahead of the
opening.Traders are also becoming more
confident in corporate earnings reports because of the recent improvements in
The improving economy and talk of higher interest rates by
Fed Chairman Bernanke are helping to boost yields, thereby pressuring March
Treasury Notes and March Treasury Bonds. Last weekâ€™s auction boosted supply
which helped weaken Treasuries further.
The pick-up in demand for risky assets is helping to
underpin April Gold and April Crude Oil. Gold is trading as if speculators
anticipate a drop in the Dollar.
Greater appetite for risk is helping to pressure the Dollar
overnight. Reduced demand for safer assets is helping to drive up
higher-yielding currencies. The weaker Dollar is providing a boost for stocks
Oversold conditions are helping to buoy the March Euro. Some
traders feel that short traders may have overreacted to the situation in Greece.
This is helping to trigger a short-covering rally due to oversold
conditions.News that the European Union
may be considering providing aid to Greece may also be encouraging
traders to lighten up short positions.
The March British Pound is trading slightly better prior to
the New York
opening. A report showing that inflation accelerated in January to its fastest
pace in 14 months helped trigger a short-covering rally. Inflation was up 3.5%
which exceeded the Bank of Englandâ€™s target of 2.0%. This prompted a response
by BoE Governor Mervyn King to explain the rise. Traders are becoming less
confident in the BoEâ€™s ability to help the economy while at the same time
preventing a surge in inflation.
The Dollar is down slightly against the Japanese Yen.
Despite increased demand for risky assets, the Japanese Yen is showing
strength. This is most likely being triggered by Japanese repatriation of Yen
due from bond redemptions and coupon payments on Treasury securities. Traders
are also expressing their concerns about the Bank of Japanâ€™s ability to control
deflation over the near-term. Investors feel this is going to force the BoJ to
maintain interest rates at 0.10%.
The March Swiss Franc is gaining ground overnight. The
strengthening Euro is diminishing the possibility of an intervention by the
Swiss National Bank. This is helping to trigger a short-covering rally.
Stronger gold and crude oil are boosting the Canadian
Dollar. Greater demand for risky assets is the catalyst behind the move.
Overall, this pair is likely to remain inside of its long-term range. Higher
stock prices could fuel a rally throughout the day.
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."
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Mon 18 Dec
10:00 EZ- final HICP Tue 19 Dec
09:00 DE- IFO Survey
13:30 US- Housing Starts/Permits
13:30 US- Current Account Wed 20 Dec
15:00 US- Existing Homes Sales
15:30 US- EIA Crude Thu 21 Dec
03:00 JP- BOJ Decision
13:30 CA- CPI & Retail Sales
13:30 US Weely Jobless
13:30 US- GDP Fri 22 Dec
09:30 US- GB- GDP
13:30 US- core PCE Deflator & Presonal Income
15:00 US- New Homes Sales
15:00 US- final University of Michigan
17:00 US- early Closes Mon 25 Dec
00:00 Christmas Holidays
Potential Trading Opportunities
POTENTIAL PRICE RISK: Medium Mon--10:00 GMT-- EZ- final November HICP. flash data are rarely changed.
POTENTIAL PRICE RISK: HIGH- Medium Tue --09:00 GMT-- DE- IFO Survey. Key report but usually not a market-mover
POTENTIAL PRICE RISK: HIGH- Medium- Tue --13:30 GMT-- US- Housing Starts and Permits. Leading indicators of activity
POTENTIAL PRICE RISK: HIGH-Medium- Wed --15:00-- US- Existing Homes Sales. Top Housing statistic
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more critical things to consider than you might have thought.
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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.
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.
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