stock indices are trading higher overnight as sovereign debt concerns eased a
little over developments ahead of the European Union summit. Last night German
Chancellor Angela Merkel said she would back aid for Greece with International Monetary
Fund involvement as a â€ślast resortâ€ť. European Central Bank President Trichet
helped ease tensions by extending the bankâ€™s emergency lending rules.This move by Trichet was a marked change from
the ECBâ€™s decision not to soften its collateral policy to aid a single country.
Both news stories helped the Euro stabilize overnight which
drove up demand for higher yielding assets, helping to boost equity prices.
Later today Fed Chairman Bernanke is going to speak about interest rates. His
commentary is likely to move the markets if he makes any changes to the Fedâ€™s
outlook on the future of interest rate hikes. At this time, the Fed is
committed to keeping interest rates low for an â€śextended period.â€ť
New Jobless Claims fell as the employment picture looks to
be improving. Initial claims fell 14,000 to a seasonally adjusted 442,000 in
the week ended March 20th. Pre-report estimates were for a drop to 450,000.
Stocks are unchanged following the jobs data. Based on this
assessment, it looks as if the news regarding the Euro and sovereign debt
concerns in Greece
will continue to dominate the trade. Yesterday, stocks finished lower, but the
drop was muted despite a huge drop in the Euro.
June Treasury Bonds are trading lower once again. The
futures markets are indicating that interest rates are rising. The cause of the
rise in yields is being attributed to increased competition with corporate debt
issuers. Investors are in control because of the increased supply of debt
hitting the market. Because of this condition, they can ask for higher yields.
Downside momentum is building which could take the June T-Bonds to 115â€™06.
Oversold conditions may slow down the rate of decline, but the down trend has
been clearly defined.
The weaker Dollar because of the developments in Europe has stopped the break in June Gold. The slight
rise in gold is mostly profit-taking at this time after a recent $40 decline.
The main trend is down, but bearish traders have not been able to accelerate
the break to the downside despite taking out bottoms at $1097.30 and $1088.50
earlier this week.
The main trend is down in June Crude Oil, but like gold, the
down trend has not been able to accelerate because of the lack of selling
pressure. The weaker Dollar this morning and a general demand for higher risk
assets are helping to boost energy prices. Yesterday, the weekly supply and
demand was bearish, but once again the lack of selling pressure prevented the
market from reaching its downside objective at 77.28. Traders will be looking
for support today from higher stocks, the Euro and a weaker 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."
Elevate Your Trading With The Amazing Trader!
The Amazing Trader includes:
Actionable trading levels delivered to YOUR charts in real-time.
Mon 18 Dec
10:00 EZ- final HICP Tue 19 Dec
09:00 DE- IFO Survey
13:30 US- Housing Starts/Permits
13:30 US- Current Account Wed 20 Dec
15:00 US- Existing Homes Sales
15:30 US- EIA Crude Thu 21 Dec
03:00 JP- BOJ Decision
13:30 CA- CPI & Retail Sales
13:30 US Weely Jobless
13:30 US- GDP Fri 22 Dec
09:30 US- GB- GDP
13:30 US- core PCE Deflator & Presonal Income
15:00 US- New Homes Sales
15:00 US- final University of Michigan
17:00 US- early Closes Mon 25 Dec
00:00 Christmas Holidays
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.