The Euro wavered from up a few pips to down a few pips most
of the New York
session as very limited news changed hands. Last night Greece
concluded a successful 6-month and 52 week T-Bill auction. Demand was strong
and the bid-to-cover impressive. Interest rates were high, but better than they
were last week. Traders are now waiting for the next move by Greece. They are either going to be
satisfied with the proceeds of the auction or have to use some of the funds
available from the European Union bailout package. Investors remain cautious
about going long the Euro. Hedge funds are still selling rallies.
The GBP USD traded higher after a better than expected trade
report. The U.K.
trade data showed that the deficit narrowed substantially in February. After
the initial thrust to the upside, the British Pound settled into a range before
British Pound traders are becoming nervous about holding on
to longs ahead of next monthâ€™s elections. Investors are still waiting for
either party to submit a plan to reduce the budget deficit. Mondayâ€™s closing
price reversal top was confirmed, indicating a developing downside bias.
The sideways Euro helped to hold the USD CHF in a range
between two retracement levels at 1.0610 and 1.5068. Look for this pair to
remain range bound until the Euro makes a move. A weaker Euro will pressure the
Swiss Franc. A strong Euro will diminish the possibility of an intervention by
the Swiss National Bank.
The inability to break U.S. equity markets lent some
support to the USD JPY but this pair was still trading lower in limited
trading. This pair is walking down a Gann angle at 93.27. If this angle fails,
then look for an acceleration to 93.67. A continuation of the downtrend could
trigger a break to 92.26.
A rift has developed between the Japanese government and the
Bank of Japan. The government wants the BoJ to be more aggressive in fighting
its battle against deflation.
The USD CAD has been trading in a range for about four days,
indicating impending volatility. Oversold conditions have been contributing to
the low momentum and low volatility. As long as last weekâ€™s reversal bottom at
.9975 holds as support, then there is the possibility of a rally back to 1.0138.
Breaking through the bottom is likely to trigger an acceleration to the
downside, now that a large group of traders have committed to a rate hike on
June 1st rather than in July. Higher interest rates will attract more foreign
buying of the Canadian Dollar.
The AUD USD was under pressure most of the New York session in a follow-through break
following Mondayâ€™s closing price reversal top. Traders are paring positions
after Mondayâ€™s Australian Housing report showed mortgage approvals had dropped
unexpectedly. This could mean the Reserve Bank of Australia may be considering
skipping an interest rate hike at its next session. Traders are adjusting their
positions in anticipation of this taking place. The chart indicates that a move
to .9194 is likely over the near-term.
The NZD USD traded flat to lower most of the day-session.
The lack of buyers and the lack of conviction in holding higher yielding assets
helped to pressure this market. The late session turnaround in the U.S. equity
markets prevented this currency pair from selling off into the close.
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 26 Feb 2018 A 15:00 US- New Homes Sales Tue 27 Feb 2018 A 08:55 DE- Jobless B 13:30 US- Durable Goods A 15:00 US- CB Consumer Confidence A 15:00 US- Pending Homes Sales AA 15:00 US- Powell House Testimony Wed 28 Feb 2018 A 10:00 EZ- flash HICP AA 13:30 US- GDP A 15:30 US- EIA Crude Thu 1 Mar 2018 A All Day final Mfg PMIs A 13:30 US- Weekly Jobless AA 13:30 US- Core PCE Deflator AA 15:00 US- Powell Senate Testimony A 15:30 US- EIA Crude Fri 2 Mar 2018 AA 15:00 US- final Univ of Mich
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.