User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday February 18, 2010 - 14:17:42 GMT
Forex Hound - www.forexhound.com

Share This Story:
| | Email

Stocks Expected to Open Flat; Indices at Psychological Resistance

U.S. stock indices are expected to open flat this morning. The stronger Dollar on Wednesday kept a lid on prices despite better than expected U.S. economic news and a positive FOMC report from the Fed.  The trading action shows that risk is still a concern for investors, and that traders are reluctant to buy strength. This may mean that another correction may be necessary to attract fresh buying. The psychological 1000 barrier in the March E-mini is providing resistance this morning.

 

The March Treasury Bonds turned the main trend to down following yesterday’s friendly U.S. economic reports. Without any new supply hitting the market this week, bond traders will be focused on the U.S. economy. Better than expected economic reports should continue to push yields up and bonds and March Treasury Notes lower.

 

News that the International Monetary Fund is getting ready to resume gold sales is pressuring the precious metal. It’s hard to tell at this time if there is enough liquidity available for the gold market to absorb the sales. More supply is leading to price weakness. A break out in the Dollar is likely to keep the pressure on gold prices although short-term oversold conditions may trigger a slight rebound to the upside.

 

The U.S. Dollar is trading mixed overnight. The focus this morning will be on both risk and economic data. This could create volatile trading conditions as some currencies are poised to break recent bottoms while others are finding support.

 

The March Euro remains under pressure overnight after the sell-off on Wednesday erased all of the previous day’s gains. Both positive U.S. economic data and renewed concerns over debt issues in Greece helped drive the Euro sharply lower. 

 

The Dollar rose against the Euro on Wednesday after fresh economic data showed improvements in housing, import prices and industrial production. The FOMC minutes released late in the session confirmed that the Fed is strongly considering becoming the first major economy to begin reducing stimulus measures. In addition, this report indicated that the Fed discussed strongly the possibility of a hike in the discount rate. While not actually resuming a “tight” economic policy, a move by the Fed to raise the discount rate will be one of the first signs that it is poised to begin lifting the Federal Funds rate later in the year if necessary.

 

Today, traders will be focusing on Conference Board and Philadelphia Fed data to reaffirm the strength in the U.S. economy.  The Philly data is expected to move up from 15.2 to 17.0. 

 

In addition to the better than expected U.S. economic news, Euro traders reacted negatively to the news that Moody’s Investor Services downgraded certain Greece hybrid bank debt after it was revealed that a number of unsecured transactions may have been used to conceal the debt.

 

The news that the European Central Bank extended loans of more than 15 billion Euros or $20.4 billion over February 11, 12, 15 and 16, is a sign that the region may be nearing a liquidity crisis. Furthermore, aggressive short traders failed to budge even after Tuesday’s strong short-covering rally and on reports that the EU had approved Greece’s plan to shore up its budget.

 

Finally, it has been reported that the International Monetary Fund is poised to resume gold sales in an effort to raise cash. This move strengthened the Dollar and may be a sign that the IMF is getting ready to inject cash into the Greek economy.

 

The March British Pound remains under pressure because of the weakening economy and the possibility of a debt rating downgrade should the budget deficit continue to grow. Investors may be losing confidence in the Bank of England’s ability to pull the economy out of its tailspin. Most traders feel that the U.K. economy is failing behind the U.S. economy and may be one of the last to post signs of a recovery.

 

The March Japanese Yen is trading higher this morning after a sharp break on Wednesday. Although strong U.S. economic reports could turn this market around today, last night’s announcement by the Bank of Japan to reduce its buying of Japanese Bonds is lending support to the Yen this morning. 

 

Higher than expected Canadian inflation, is helping to lift the March Canadian Dollar. This is likely to be a short-term position evening move. The strengthening U.S. economy along with IMF sales of gold should exert pressure on the Canadian Dollar once this inflation news blows over.

 

The stronger Dollar and signs that the U.S. Fed are poised to begin removing stimulus and hiking interest rates, is pressuring higher yielding currencies such as the March Australian Dollar and March New Zealand Dollar.  Technically, yesterday’s closing price reversal top was confirmed overnight which is a strong indication that a 2 to 3 day break is likely.

 

Forex Trading News

Forex Research

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 here.

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."



Elevate Your Trading With The Amazing Trader!

The Amazing Trader includes:
  • Actionable trading levels delivered to YOUR charts in real-time.
  • Live trading strategy sessions.
  • Market Updates with Trading Tools.

Register To Test Your Amazing Trader


Trading Ideas for 11 December 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:

Tue 12 Dec
09:30 GB- CPI
10:00 GB- ZEW Survey
13:30 US- PPI
Wed 13 Dec
00:30 AU- Employment
09:30 GB- Unemployment
13:30 US- CPI
15:30 US- EIA Crude
19:00 US- Fed Decision
Thu 14 Dec
07:30 CH- SNB Decision
All Day- Global- flash PMIs
12:00 GB- Bank of England Decision
12:45 EZ- ECB Decision
13:30 US- Retail Sales
13:30 US- Weekly Jobless
14:45 US- Industrial Production

Forex Trading Outlook


Potential Trading Opportunities

  • POTENTIAL PRICE RISK: Mediun Tue--10:00 GMT-- DE- ZEW. Second Tier Sentiment Survey
  • POTENTIAL PRICE RISK: HIGH-Medium Tue--13:30 GMT-- US- PPI

  • POTENTIAL PRICE RISK: HIGH-Medium Wed--09:30 GMT-- GB- Employment
  • POTENTIAL PRICE RISK: HIGH Wed--13:30 GMT-- US- CPI
  • POTENTIAL PRICE RISK: Medium Wed--15:30 GMT-- US- EIA Crude
  • POTENTIAL PRICE RISK: High Wed--19:00 GMT-- US- Fed Decision


  • POTENTIAL PRICE RISK: HIGH- Thu --00:30 GMT-- AU- Employment
  • POTENTIAL PRICE RISK: Medium- Thu --All day-- global- flash PMIs
  • POTENTIAL PRICE RISK: HIGH-Medium- Thu --07:30-- CH- Swiss National Bank Decision
  • POTENTIAL PRICE RISK: HIGH-Medium- Thu --09:30-- GB- Retail Sales
John M. Bland, MBA
co-founding Partner, Global-View.com EXCLUSIVE: Global-View Daily Trading Chart Points Updated

EXCLUSIVE: Global-View Free Forex Database updated




TRADER ADVOCACY ARTICLES

Trader's Advocate Articles..

pic

Retail Forex Brokerage Changing!

Are you 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.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools

 
Terms of Use    Disclaimer    Privacy Policy    Contact    Site Map


Forex Forum
Forex Trading Forum
Forex Forum + forex rates
Forex Forum Archives
Forex Forum RSS
Free Registration

Trading Forums
Currency Forum Guide
Forum Directory
Open Forum
Futures Forum
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

Online Forex Trading
Forex Trading Tools
Currency Trading Tools
Forex Database
FX Chart Points
Risk/Carry Trade Chart Points
Economic Calendar
Quicklinks to Economic Data
Currency Futures Swaps
Fibonacci Calculator
Currency Futures Calculator

Forex Education
Forex Learning Center
FX Trading Basics Course
Forex Trading Course
Forex Trading Handbook

Forex Analysis
Forex Forecasts
Interest Rate Forecasts
Central Bank Forecasts

FX Charts and Quotes
Live FX Rates
Live Global Market Quotes
Live Forex Charts
US Dollar Index Chart
Global Chart Gallery
Daily Market Tracker
Forex News
Forex Blog
Forex News
Forex Blog Archives
Forex News RSS
Forex Services
Forex Products
GVI Forex
Free Trials
FX Bookstore
FX Jobs and Careers
Jobs USA
Jobs UK
Jobs Canada

Forex Forum

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.

Forex News

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

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.

Forex Brokers

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 Trading

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.

FX Trading

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.

Forex Blog

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.

Copyright ©1996-2014 Global-View. All Rights Reserved.
Hosting and Development by Blue 105