User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday April 1, 2010 - 14:50:52 GMT
Forex Hound -

Share This Story:
| | Email

Stocks are trading higher overnight

Stocks are trading higher overnight on the prospects of a global economic recovery following the release of better than expected European and Chinese manufacturing reports. The rally started overnight in Japan when the Nikkei average rose fueled by the weaker Yen. Talk that Japanese investors will seek better returns in foreign markets helped support the U.S. equity markets. News that China’s purchasing manager’s index was up more than expected also contributed to the rally.


The inability of U.S. stock markets to fall sharply after Wednesday’s worse than expected ADP jobs data is helping to lead to follow-through buying overnight. Traders bought early weakness yesterday indicating that the bulls are not ready to give up on this market despite its lofty price levels. The only thing holding back the June E-mini S&P 500 appears to be the lack of volume and participation by major stock players ahead of Friday’s U.S. Non-Farm Payrolls Report.


The indices are called higher this morning, but traders are not sure whether U.S. investors will chase this market higher. Five days of sideways trading has the major indices set up for a major move. The only thing missing at this time is a catalyst.


June Treasury Bonds are trading lower overnight following Wednesday’s short-covering rally. Oversold conditions and the worse than expected ADP jobs data helped contribute to yesterday’s rally. Yields have been rising because of increased competition from corporate bonds, but traders seem reluctant to take on more risk ahead of Friday’s U.S. jobs data. A weak initial claims number this morning could send T-Bonds higher but gains could be limited by the retracement zone at 116’19 to 117’00.


June Gold is trading higher, indicating stronger demand for higher yielding assets. Regaining a retracement level at $1115.20 will be a sign of higher markets to follow. Falling back below $1109.10 will be a sign of weakness. A weaker Dollar will underpin gold today.


Speculation that the global economic recovery is back on track is helping to boost June Crude Oil prices. Bullish manufacturing reports out of China and the U.K. are leading to speculation that demand will increase for energy. Strong upside momentum could drive this market to the high of the year at 85.95 now that the two tops at 83.70 and 83.80 have been cleared.


The U.S. Dollar is trading mixed in limited action. Higher metals, crude oil and equities indicate demand is strong for higher yielding assets. This may pressure the Dollar once the New York market opens. Trading conditions are thin because of Friday’s important U.S. Non-Farm Payrolls Report. Investors are shying away from taking large positions ahead of this report, thereby capping volatility.


The Dollar weakened on Wednesday following the release of a worse than expected ADP private employment report. Traders were looking for an increase of 40,000 jobs but the report showed a 24,000 job loss. This could be a sign that the economy is weakening and that the Fed will keep interest rates low for some time.


Today’s Weekly Initial Claims Report will shed further insight on the U.S. jobs outlook. Traders are expecting this week’s report to show initial claims of 440,000. Later in the morning, the U.S. reports ISM Manufacturing and Construction Spending. Both reports could trigger mild reactions but are not expected to be market movers because of this week’s focus on jobs data.


The June Euro is trading flat to lower following an uneventful overnight session. News that German retail sales in February fell 0.4% versus a forecast of flat failed to move the market. On Wednesday, the main trend turned up on the daily chart, but gains have been limited since this change took place. The daily chart indicates that a retracement zone at 1.3542 to 1.3607 is currently providing resistance. In addition a long-term down trend line at 1.3620 is also stopping the advance.


Bullish Euro traders have to be concerned about what is happening in the capital markets regarding Greece. Greek bond prices have been falling since their initial offering earlier in the week. This could be a sign of a lack of confidence in Greece’s ability to finance its debt. The falling bond prices are an indication that the recently approved rescue plan has failed to reduce borrowing costs. Greek bonds have basically become a burning match to investors.


June British Pound short-traders continue to cover positions in reaction to the positive 4Q GDP Report from earlier in the week. Thin trading conditions because of this week’s U.S. jobs data is also helping to drive this market higher, due to the absence of a major seller. The main trend is down but this market is rapidly approaching the last main top at 1.5381. A move through this price will turn the main trend to up. Based on the intermediate-term range of 1.5814 to 1.4780, traders should look for a possible technical bounce off a 50% price level at 1.5297. In addition, a downtrending Gann angle and .618 price level combine to form a resistance cluster at 1.5417 to 1.5419. Fundamentally, worries have eased concerning the economy and the U.K. credit rating, but traders are still worried about the U.K. budget deficit and the possibility of a hung parliament following the upcoming election.




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."

Actionable trading levels delivered to YOUR charts in real-time.

Register To Test Your Amazing Trader

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

Tue 17 July 2018
AA 08:30 GB- Employment
A 13:15 US- Industrial Production
AA 14:00 US-Powell Testimony
Wed 18 July 2018
AA 08:30 GB- CPI
A 12:30 US- Housing Starts/Permits
AA 14:00 US-Powell Testimony
Thu 19 July 2018
AA 1:30 AU- Employment
AA 08:30 GB- Retail Sales
A 14:30 US- EIA Crude
A 12:30 US- Weekly Jobless
Fri 20 Jun 2018
A 12:30 CA- CPI/Retail Sales

John M. Bland, MBA
co-founding Partner,

Global-View Affiliate Program

We are starting an affiliate program to market some of our products.

Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.

Put the word "affiliate" in the email subject line.

Contact us

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.



By using this website, you are agreeing to our Privacy Policy and Terms of Use, and Cookie Policy

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