Forex Market Commentary and Analysis (19 April 2010)
The euro depreciated vis-√†-vis the U.S. dollar today as the single currency tested bids around the US$ 1.3415
level and was capped around the $1.3495 level. The common currency pushed lower as traders
speculated that more countries may ask the U.S. for information about Goldman
Sachs‚Äôs business practices, particularly with regard to the manner in which
Goldman structured some sub-prime mortgage securities that were sold to international
investors. Germany is said to be
pressing the U.S. for additional information.The common currency came off on this news on the premise that the
enforcement action against Goldman may have a dampening effect on global
equities, notwithstanding the fact that U.S. equities rallied today.Also, the euro moved lower as the Icelandic
volcano that erupted last week continues to snarl air traffic, leading to a
general disruption of business activity around the Continent.Data released in the U.S. today saw March
leading indicators print at +1.4%, up from the revised prior reading of
+0.4%.Outgoing Federal Reserve Vice
Chairman Kohn reported regulators should improve their data analysis while
Chicago Fed President Evans reiterated the economy is recovering.President Obama will be speak in New York on
Thursday at Cooper Union and Treasury Secretary Geithner today noted new
regulations are needed so that the U.S. financial system is not vulnerable to ‚Äúthe
reckless choices of individual firms.‚ÄĚ In
eurozone news, EMU-16 February construction output was off 3.3% m/m and
15.2% y/y.Euro bids are cited
around the US$ 1.3175 level.
The yen depreciated vis-√†-vis the U.S. dollar today as the
greenback tested offers around the ¬•92.45 level and was supported around
the ¬•91.60 level. Data released in Japan
today saw March consumer confidence print at 41.0, up from the prior reading of
40.0, while March Tokyo department store sales improved to -5.1% y/y from the
prior reading of -6.5% y/y.Other data
saw March Nationwide department store sales improve to -3.5% y/y.February industry index data will be released
overnight followed by March machine tool orders and March convenience store
sales.The Nikkei 225 stock index lost 1.74%
to close at ¬•10,908.77. U.S. dollar
offers are cited around the ¬•96.85 level.The euro moved higher vis-√†-vis
the yen as the single currency tested offers around the ¬•124.65 level and was supported
around the ¬•123.15 level.The British pound moved higher vis-√†-vis
the yen as sterling tested offers around the ¬•141.75 level while the Swiss franc moved higher vis-√†-vis
the yen and tested offers around the ¬•86.95 level. In Chinese news, the U.S. dollar appreciated vis-√†-vis the Chinese yuan
as the greenback closed at CNY 6.8275 in the over-the-counter market, up from
CNY 6.8255. China‚Äôs currency regulator
today noted that China‚Äôs capital account surplus expanded to US$ 144.8 billion
in 2009, up from US$ 19 billion in 2008.The perception of higher interest rates in China is likely to fuel more
China-bound investment capital.Many traders
believe China will revalue its yuan‚Äôs trading band imminently, possibly by
widening its trading band by up to 3%.
British pound depreciated vis-√†-vis the U.S. dollar today as cable tested bids
around the US$ 1.5190 level and was capped around the $1.5340 level. Data to
be released in the U.K. tomorrow include March consumer price inflation.Prime Minister Brown and Tory leader Cameron
debated last week ahead of the 6 May general election.Many political pundits believe the contest
will result in a hung Parliament and some now say the general election is too
close to call with Cameron perhaps still holding a slight lead over Brown.Data released in the U.K. last week saw March
Nationwide consumer confidence print at 72, down from a revised +81.Cable bids are cited around the US$ 1.5140
level.The euro moved higher vis-√†-vis the British pound as the single
currency tested offers around the ¬£0.8840 level and was supported around the ¬£0.8785
franc depreciated vis-√†-vis the U.S. dollar today as the greenback tested offers
around the CHF 1.0690 level and was supported around the CHF 1.0615 level. Data released in Switzerland last week saw
March producer and import prices climb 0.5% m/m and 0.0% y/y.Swiss National Bank Vice Chairman Jordan last
week said regulators cannot allow governments to be ‚Äúblackmailed‚ÄĚ into
protecting banks from collapse during future financial crises.There was talk yesterday that the Swiss
National Bank may have sold francs for euro this week in an intervention to try
and support the Swiss export sector.U.S.
dollar offers are cited around the CHF 1.0920 level.The
euro moved lower vis-√†-vis the Swiss franc as the single currency tested bids
around the CHF 1.4360 level while the
British pound moved lower vis-√†-vis the Swiss franc and tested bids around
the CHF 1.6205 level.
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.
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.com
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.
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.