Earlier this afternoon, the Federal Reserve left its
benchmark interest rate unchanged and reiterated that interest rates would
remain low for â€śan extended periodâ€ť. In its statement, it also mentioned that
inflation remains subdued, and that the weak employment situation seems to have
stabilized. While this may sound rosy, the Fed did express concerns about
housing and employer reluctance to increase payrolls.
The tone of the statement suggests that while the Fed seems
to have a plan as to how to begin reducing stimulus and returning interest
rates to normal, it still is having trouble deciding when to initiate the first
rate hike. One obstacle it faces is the possibility it will kill the recovery
if it hikes too soon. The other more important obstacle is inflation. Although
by its standards, inflation is low, there is a possibility that all of the
liquidity that has been pumped into the financial system may trigger a spike in
The overall dovish tone of the statement gave the go ahead
for traders to continue to use the Dollar as a funding currency thereby driving
up demand for higher risk assets.
June Crude Oil rebounded after a two-day sell-off. Increased
demand for risk is making commodities more attractive. Technically, a failure
to take out the main top at 83.80 on this current rally will indicate the start
of a down turn, but this is unlikely since the Fed green lit higher prices by
deciding to keep interest rates low.
The U.S. Dollar weakened after the Fedâ€™s dovish statement.
This weakness helped to boost April Gold prices into the close. The recent
break in gold stopped short of the late February bottom at $1088.50 to maintain
the uptrend. The current rally has reached the 50% level of the recent range of
$1145.80 to $1097.30. Further weakness in the Dollar should continue to drive
precious metals higher.
Gold bugs came in on Monday to support prices after the hard
sell-off in the British Pound triggered concerns that the currency would
collapse over concerns about its ability to service its debt and a possible cut
in its credit rating. As long as this is an issue, look for buyers to support
gold as they debate whether hard assets are a better investment than paper
Stock indices close higher but slightly off their highs. The
markets were up from the start, boosted by demand for higher yielding assets. Later
in the session, the Fed helped the indices reach new intraday highs by
promising to keep interest rates low for a prolonged period of time. Although
the trend is up, traders have been reluctant to chase the markets higher. This
means they are still susceptible to profit-taking breaks.
June Treasury Bonds surged to the upside after the Fed left
interest rates unchanged. Nothing in the Fed statement hinted at as to when the
Fed would begin hiking interest rates. This helped investors gain confidence in
trading the long side of the market.
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."
Actionable trading levels delivered to YOUR charts in real-time.
Mon 19 Mar 2018 Tue 20 Mar 2018 AA 9:30 GB- CPI A 10:00 DE- ZEW Survey Wed 21 Mar 2018 AA 03:00 AU- Employment AA 9:30 GB- Employment A 12:30 US- Current Account AA 14:00 US- Existing Homes Sales A 14:30 US- EIA Crude A A18:00 US- Fed Rate Decision A 21:00 NZ- RBNZ Rate Decision Thu 22 Mar 2018 AA All Day flash PMIs AA 9:30 GB- Retail Sales AA 12:00 GB- Bank Of England Decision A 13:30 US- Weekly Jobless Fri 23 Mar 2018 AA 12:30 CA- CPI/Retail Sales A 12:30 US- Durable Goods A 14:00 US- New Homes Sales
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.