Stocks could feel Pressure if Investors Look for Safety
equity markets are trading flat this morning but could see downside pressure if
investors decide to seek protection against a decline by demanding safety from
higher yielding assets. Yesterday the markets showed how resilient they were
when they rebounded from early pressure. Risk of a flare-up of financial
problems in Greece
could encourage investors to move money out of higher yielding stocks and
June Treasury Bonds are expected to open flat to slightly
better in light trading. Investors seem unwilling to take a position until they
see this weekâ€™s auction results. Investors fear that the higher return in the
equity markets will encourage traders to seek higher yields in T-Bonds, thereby
driving down prices. Furthermore, some traders feel that the war of words
between the U.S. Treasury and China
over currency valuation will lead to less demand from the Chinese.
The stronger Dollar is putting pressure on April Gold.
Yesterday the main trend turned to down on the daily chart, signaling weaker
markets to follow. Watch for choppy, two-sided trading while the Dollar tries
to establish a trend. A break through $1088.50 could trigger an acceleration to
Pressure on equities and commodities could lead to weakness
in June Crude Oil. Yesterdayâ€™s sharp rise in equities triggered a
short-covering rally in crude oil after this market changed the trend to down
after a break through 79.77.
The U.S. Dollar is trading better against the major
currencies this morning. The Euro and the British Pound are the two weakest
currencies. The early assessment is traders will be looking to protect
themselves against risk which should benefit the lower yielding Dollar.
The March Euro is under pressure as speculation continues to
grow that Greece Prime Minister Papadreou is likely to leave this weekâ€™s
European Union summit on March 25th and 26th without a financial aid deal. This
means heâ€™ll have to turn to the International Monetary Fund for aid if needed.
This is negative to the Euro because it makes Europe
appear as weak for allowing one of its members to go out of the EU to seek
European Central Bank President Trichet didnâ€™t help matters
much when he offered comments citing his belief that Greece should not be offered
low-interest financing. There is no question that Trichet wants stronger terms.
He backed his stance by saying, â€śThere shouldnâ€™t be any subsidy element, no
concessionary element.â€ťHis thoughts
were in line with German Chancellor Merkel who is pushing for similar austere
measures and sanctions against nations that threaten agreed upon deficit
What is becoming clear is that battle lines are being drawn
between Greece and the
European Union and its beginning to look like Greece will have to turn to the IMF
for financial aid.
The March British Pound is the biggest loser overnight.
Sellers are pressuring the British Pound after a report showed that the U.K.
inflation rate dropped to 3.0% in February. Coupled with political uncertainty
and the threat of a credit rating cut, this weaker inflation report confirms a
report released on Monday which calls for a â€śbumpyâ€ť recovery.
The lower Euro is helping to weaken the March Swiss Franc.
Overnight, Swiss National Bank President Phillip Hildebrand said the SNB is
poised to act â€śdecisivelyâ€ť to counter any â€śexcessiveâ€ť gains by the currency. He
further added â€śFor Switzerland, we canâ€™t fully rule out deflation threats in
the case of renewed external shocksâ€ť. â€śAn excessive appreciation for the Franc
against the Euro would for example be such a shock.â€ť This comment suggests that
the SNB stands ready to continue to intervene on behalf of the Swiss Franc to
protect its currency and economy.
Demand for lower risk assets is also helping to pressure
commodity-linked currencies. This is weakening the March Australian, New Zealand and
The primary driver in the Forex markets today will be risk
aversion. This could mean lower stocks and commodities. The only major U.S.
economic report is the 9:00am CT Existing Home Sales Report. Home sales have
plunged since tax relief ended. A surprise in this report could move the U.S.
equity markets which will influence the direction of the Dollar.
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.