User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday March 4, 2010 - 18:29:38 GMT
Forex Hound -

Share This Story:
| | Email

Stocks Trading Mixed Ahead of Weekly Jobless Claims

U.S. equity markets are trading flat to lower ahead of this morning’s weekly jobless claims report. In addition, investors seem to be taking a non-committal approach in front of tomorrow’s U.S. Non-Farm Payrolls Report. The Forex markets indicate that investor sentiment is shifting back toward risk aversion which could pressure equity markets today. A downside break could be led by the Dow and NASDAQ which posted closing price reversal tops yesterday.

Demand for lower yielding assets is helping to give June Treasury Bonds and June Treasury Notes a slight lift this morning. A rapid acceleration to the downside in the equity market could lead to more upside pressure in the Treasuries. The key area to watch in the T-Bonds is 117’23. Regaining this area will be a sign of strength.

The stronger Dollar is helping to keep April Gold on the defensive. Currently this market is trading lower while sitting on a major 50% level at $1136.75. Bullish traders will try to create support at this price in order to set up another rally to perhaps $1158.52. Falling below $1135.75 could lead to a short-term profit-taking break. With conditions in Greece easing, look for the Dollar to have the biggest influence on Gold.

The bullish move in June Crude Oil is showing signs of easing this morning. The stronger Dollar and weaker Euro is leading to greater demand for lower risk assets which is pressuring commodities. Yesterday’s inventory report was bearish because of the increase in supply. This means that a rally in the Dollar will likely lead to a sell-off in crude oil.

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 interest rates.

Investors are also monitoring today’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 March Euro 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 March British Pound 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 today’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 underpin the March Japanese Yen. Additional support is expected to come from Japanese investor repatriation ahead of the close of the fiscal year. Currently the Japanese Yen is testing a .618 retracement level at 1.1356. Bullish traders seem reluctant to press the market at this area which could mean a possible intra-day break may take place before the buying is resumed. A weak stock market could lead to an acceleration to the upside however.

The mixed to lower Euro is helping to pressure the March Swiss Franc this morning. Currently this contract is trading inside of yesterday’s range. A rally in the Euro will send this contract higher and set it on course for a test of a major 50% upside target at .9526. Fresh Euro selling activity will increase the chances of a Swiss National Bank intervention which will help pressure the Swiss Franc.

The March Canadian Dollar is trading better this morning once again. 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 “verbal intervention” by the Bank of Canada as this pair approaches the January top at .9780. The BoC is concerned that a rapid rise in its currency will hurt Canadian exports.


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.

Upgrade Your Trading experience. Try the Amazing Trader

Trading Ideas for 26 February 2018

Upgrade Your Trading. Try The Amazing Trader

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

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,
Start trading with forex broker Markets Cube

Max McKegg's Daily Forex Trading Forecasts

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.

Request a TRIAL of Max's Forex Service.

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

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 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 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.



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