News of the new Greece aid package drove U.S.
Equity markets higher overnight, but a strong rally never materialized as
investors sorted out the details of the newly proposed aid package. In
addition, most investors seemed to be standing aside ahead of the start of
earnings season. After the close today, Alcoa kicks off the season with its
first quarter report. No one seemed willing to step in front of this report.
Treasury markets were up sharply throughout the day. The
initial rally was triggered by relief that a â€śsolutionâ€ť was reached regarding Greeceâ€™s
financing. A second, larger rally was fueled by concerns that company earnings
may not be as strong as the stock market indicates. Traders took protection in
the June Treasury Bonds and Notes as a hedge against upcoming bad earnings
After an initial surge because of a weaker Dollar, June Gold
erased all of its gains and finished under a .618 retracement level at
$1159.50. Some traders feel there is more downside potential if those traders
who bought gold in anticipation of a Greek default decide to liquidate their
positions. Todayâ€™s reversal top also indicates the start of a possible
correction back to $1137.80.
June Crude Oil finished lower. The Euroâ€™s inability to
follow-through to the upside after an early session spike fueled the selling
pressure. Trading activity was been light with most traders feeling a break
through 84.86 will trigger an acceleration down to a 50% level at 83.43.
The June Euro settled into a range after gapping open and
pulling back from its high throughout the New York
session, as traders awaited more details about the Greece bailout package. In
addition, traders are waiting for Tuesdayâ€™s Greek Treasury bill auction.
Investors want to see whether there is strong demand for short-term Greek debt
or if it is going to have to borrow to keep up with its financial obligations.
The commodity and equity markets gave mixed signals today.
Initially, both asset classes rallied as the Euro broke out to the upside. Some
traders felt that this new agreement eliminated concerns about Greeceâ€™s
ability to meet its short-term obligations. Some even felt that the funding was
enough to ensure that Greece
would have enough liquidity to implement its new austere financial measures.
The June British Pound gave back all of its overnight gains
and posted a daily closing price reversal top. The British Pound piggy-backed
the Euroâ€™s rally but turned negative when it broke off its high. The charts
indicate a break back to 1.5297 is likely over the near-term.
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.