The U.S. Dollar is up against most major currencies as
investors have shifted back toward risk aversion. Demand for lower risk is
helping to boost the Japanese Yen while oversold conditions are helping the British
This morning the European Central Bank is expected to
announce that interest rates will remain at 1.0%.Concerns over sovereign debt issues in the
Euro Zone mean that fiscal austerity will be the new buzz phrase as almost
every member of the European Union will be asked to slash their budgets
especially the so-called PIIGS - Portugal,
Ireland, Italy, Greece
and Spain.This is likely to keep the pressure on the
Euro in the long-run as it indicates a deflationary scenario driven by lower
Investors are also monitoring todayâ€™s Greek bond issuance.
Traders are most interested in how well this 10 year bond auction is being
received. Early indications are showing that this auction may be
oversubscribed. This is potentially bullish for the Euro in the short-run.
Short-term, the EUR USD has upside potential because of the
massive amount of shorts in the market still betting on its demise. If the
majority of the over 50,000 short positions are covered, then expect a strong
short-covering rally to drive this market to a key 50% price level at 1.4009
over the near-term.
The GBP USD is trading a little better this morning. Bearish
conditions have eased since the sharp break earlier in the week. Look for the
Bank of England to leave interest rates unchanged at todayâ€™s meeting. Investors
will be looking for language outlining a possible extension or expansion of its
current quantitative easing program.If
the BoE hints at flooding the market with more cash, then look for fresh
downside pressure to develop.
The return of risk aversion is helping to pressure the USD
JPY. Additional pressure is expected to come from Japanese investor
repatriation ahead of the close of the fiscal year. Currently the USD JPY is
testing a .618 retracement level at 88.24. Bearish traders seem reluctant to
press the market at this area which could mean a possible intra-day
short-covering rally may take place before the selling is resumed. A weak stock
market could lead to an acceleration to the downside however.
The mixed to lower Euro is helping to buoy the USD CHF this
morning. Currently this pair is trading inside of yesterdayâ€™s range. A rally in
the Euro will send this pair lower and set it on course for a test of a major
50% downside target at 1.0513. Fresh Euro selling pressure will increase the
chances of a Swiss National Bank intervention which will help rally the USD
The USD CAD is under pressure this morning. Expectations of
a hike in interest rates by the Bank of Canada before the Fed, has been the catalyst
driving this market lower this week. Watch for a possible â€śverbal interventionâ€ť
by the Bank of Canada as this pair approaches the January bottom at 1.0224. The
BoC is concerned that a rapid rise in its currency will hurt Canadian exports.
The return of risk aversion is helping to pressure the AUD
USD and NZD USD. Traders seem concerned that the global economic recovery may
be slowing which is helping to pressure demand for higher yielding assets.
Pacific Rim traders are worried that Chinaâ€™s
attempt to cool its economy will lead to less demand for raw materials and
other exports for Australia
and New Zealand.
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."
Elevate Your Trading With The Amazing Trader!
The Amazing Trader includes:
Actionable trading levels delivered to YOUR charts in real-time.
Mon 19 Feb 2018
00:00 CN, US- Holiday Tue 20 Feb 2018
00:00 CN- Holiday A 10:00 US- ZEW Survey Wed 21 Feb 2018
00:00 CN- Holiday A All Day flash PMIs A 15:00 US- Existing Homes Sales A 15:30 US- EIA Crude AA 19:00 US- Fed Meeting Minutes Thu 22 Feb 2018 A 09:00 DE- IFO Survey A 09:30 GB- GDP AA 13:30 CA- Retail Sales A 13:30 US- Weekly Jobless Fri 23 Feb 2018 A 10:00 EZ- Final HICP AA 13:30 CA- CPI
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.
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.