Commodities, Stocks likely to Rise if Dollar keeps Weakening
June Gold is trading higher overnight because of increased
demand for higher yielding assets and the weaker U.S. Dollar. Bullish traders
seemed to be unfazed by the optimistic developments over the Greece debt
situation. Earlier in the week gold bugs were buying the metal on speculation
of a possible default by Greece.
Gains could be limited today if rumors persist that Greek will get assistance
from the International Monetary Fund. Technically, this contract has reached a
key .618 retracement level at $1159.50.
June Crude Oil is trading better because of the weaker
Dollar and stronger Euro. Todayâ€™s rally is all about demand for higher risk
assets. Technically, holding an uptrending Gann angle at 85.77 indicates this
market is still in a major uptrend.
June Treasury Bonds are trading lower following Thursdayâ€™s
weak close. Yesterdayâ€™s T-Bond auction went well when compared to other 30-Year
Bond auctions, but not too well compared to the rest of the Treasury Note
auctions earlier in the week. Yields are up a little overnight. Look for
Treasuries to continue to fall if demand keeps rising for higher risk assets.
equity markets have recovered nicely from their one day break earlier in the
week to close in a position to challenge the highs for the year. Renewed
interest in higher risk assets is helping to boost the markets ahead of the New York opening.
Yesterdayâ€™s rally is more proof that traders remain interested in buying dips.
The U.S. Dollar is trading lower overnight against most
major currencies except the Japanese Yen as optimism over Greek debt woes
triggered renewed interest in higher yielding assets. The markets are also
making adjustments on speculation that China is readying to announce a
revaluation of the Yuan.
The June Euro is trading higher in a continuation of the
move which began on Thursday following optimistic comments regarding Greece from
European Central Bank President Jean Claude Trichet. The ECB President
dismissed speculation that Greece
would default on its debt.
inflation data is helping to propel the June British Pound overnight. The U.K.â€™s March
Producer Price Index accelerated 0.9% versus 0.3%. The annual rate rose 5%
versus a guess of 4.3%. This report coupled with the unexpected rise in final
Q4 GDP is another sign that the economy is improving.
The June Swiss Franc is trading higher because of the
improvement in the Euro. The strong rise in the Euro is diminishing the chances
of an intervention by the Swiss National Bank.
The June Japanese Yen is trading lower because of increased
demand for riskier assets. U.S.
equity markets are higher overnight which is encouraging Japanese investors to
sell the Yen in an effort to take advantage of the better returns in the U.S. equity
markets. Signs of a global economic recovery are being read as a plus for risk
sentiment.Losses in the Yen may be
limited because of comments from the Japanese government saying the likelihood
of a double-dip recession has been diminished.
Higher gold and crude oil prices are helping to drive the
June Canadian Dollar higher. Demand for the Canadian Dollar is strong because
of the prospects of a hike in interest rates by the Bank of Canada ahead of the
U.S. Fed. Today, the Canadian Dollar will get its direction from the Canadian
Employment Report. Look for the addition of 25,000 jobs and an 8.2%
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.