Firmer stock indices, gold and crude oil are indicating that
trader demand for risk could be up today which could pressure the Dollar versus
After trading higher overnight, the trade-weighted Dollar
Index has turned down as it trades near its low shortly before the U.S.
opening. This may be an indication that risk sentiment is shifting toward the
The EUR USD had a rocky night but has recovered all of its
earlier loss and is now trading better. Downside pressure has eased since Greece
has agreed to implement budget cuts. Traders are also becoming more optimistic
that some sort of bailout package announcement is imminent. The ability to turn
positive after a report last night showed that German trade data came in worse
than expected is a sign that there are buyers out there. The key to driving
this market higher will be to find a way to get the massive amount of shorts
out of the market.
The British Pound is feeling more downside pressure
overnight. The absence of buyers is clearly evident as traders are approaching
the long side of the market with caution. The major concern amongst traders at
this time is whether the credit agencies will issue a downgrade of U.K.
debt. Adding to the pessimism is the weak U.K. economy, political uncertainty
and the dovish stance by the Bank of England.
The USD JPY is trading higher. Demand for higher risk assets
is pressuring the Japanese Yen. A strong surge in the equity markets today
should drive this pair sharply higher. The USD CHF is down. The firming Euro is
helping to diminish the possibility of another intervention by the Swiss
National Bank. The SNB is expected to leave interest rates unchanged at its
next meeting, but reiterate that it stands committed to protecting its export
industry in the face of a deterioration of the Euro Region economy.
Oversold conditions seem to be preventing the USD CAD from
breaking further despite stronger demand for gold and crude oil this morning.
This pair is rapidly approaching a key support area. Traders are approaching
the short-side with caution out of fear the Bank of Canada may try to weaken
its currency in order to prevent the expensive Loonie from doing damage to its
News that Chinese exports increased the most in three years
is helping to increase demand for the AUD USD and NZD USD. The Australian
Dollar continues to mount a strong rally after taking out key resistance
recently. The strong economy is causing traders to factor in the possibility of
another rate hike by the Reserve Bank of Australia at its next meeting.
The good news out of China is also helping to boost the
New Zealand Dollar. Although the Reserve Bank of New Zealand is expected to keep
interest rates low for a prolonged period of time, traders like the Kiwi at its
current level. The overnight action has put the NZD USD in a position to turn
the main trend up on the daily chart on a move through .7078.The next 50% upside target is .7124. An
additional sign of strength is the breaking of a downtrending Gann angle
overnight. This move could help trigger additional short-covering once the New York session is
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.
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.