Strong earnings reports from Intel and UPS helped boost U.S. equity
markets on Thursday. The rally seemed a little tentative, however, as traders
seem somewhat cautious with stock prices at such lofty levels.
The initial move to the upside was triggered as the Dollar
weakened following a stronger opening. On Wednesday, Fed Chairman Bernanke
ignited a rally in the equity markets with his dovish assessment of the
economic recovery and outlook for interest rates. Like it he did several times
before, Thursdayâ€™s weak Initial Claims Report and weaker than expected
Industrial Production Report sent a signal that interest rates would remain
low, this also helped to contribute to todayâ€™s rally.
June Treasury Bonds finished better after a volatile morning
session. Weaker than expected U.S.
economic reports helped to contribute to the strength. T-Bonds broke this
morning only to find support at a 50% price level at 115â€™14. Gains have been
limited however, by resistance at another 50% retracement level at 116â€™15.
June Gold opened lower because of the stronger Dollar, but gained
back most of its loss by the close. Weaker U.S. economic reports helped
pressure the Dollar, leading to the turnaround in gold.
The falling Euro put pressure on June Crude Oil early but it
gained back most of its earlier loss by the close. Clearly the direction of the
Dollar and the Euro is dictating the movement of crude oil at this time. A
weaker Dollar will indicate more demand for higher risk which will support a
rally in crude oil. Technically, this market may be forming a secondary lower
top which could mean the start of a short-term sell-off. A breakout over 87.59
is needed to reaffirm the uptrend.
The June British Pound closed higher after a report showed
the opposition Conservative Partyâ€™s lead over the Labor Party widened, easing
concerns that the May 6th election will produce a hung parliament. Traders had
been pressuring the British Pound lately because of concerns that a hung
parliament would result in a government too weak to tackle the U.K.â€™s
huge budget deficit. Gains could be limited on speculation that bullish traders
will begin to liquidate their long positions ahead of the election.
Technically, this currency found support following an early
test of an uptrending Gann angle support at 1.5397. Look for this market to
continue to remain strong as long as this angle holds as support. The next
upside objective is a 50% level at 1.5618.
The June Euro finished down off its low. Following a sharply
lower opening, the Euro mounted a small comeback throughout the day as reports
surfaced that the International Monetary Fund will meet with Greece on Monday to discuss
financial aid options.
Market participants are feeling jittery again because of concerns
Investors are worried that the IMF/EU $61 billion financial aid plan will not
be enough to help the Greek economy and restore confidence in the Euro. At this
time, the Euro is facing serious credibility issues.
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."
Actionable trading levels delivered to YOUR charts in real-time.
Mon 12 Mar 2018 A 17:00 US- 3-Yr Auction Tue 13 Mar 2018 A 10:00 DE- ZEW Survey AA 12:30 US- CPI A 17:00 US- 10-Yr Auction Wed 14 Feb 2018 AA 12:30 US- Retail Sales A 12:30 US- PPI A 14:30 US- EIA Crude A 17:00 US- 30-Yr Auction Thu 15 Mar 2018 A 12:30 US- Weekly Jobless A 12:30 US- Philly Fed, Empire PMI A 12:15 US- Industrial Production Fri 16 Mar 2018 A 10:00 EZ- final HICP A 12:30 US- Housing Starts/Permits A 14:00 US- prelim 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.