U.S. Equity Markets Called Higher; Appetite for Risk Rising
equity markets are trading higher overnight. On Friday tensions eased in Greece after
the country formally asked the European Union and the International Monetary
Fund for bailout loans. This helped drive the stock indices to their highest
levels of the year. Although the Euro is trading lower this morning, the
situation looks a little brighter as investors still feel confident in holding
higher risk assets.
Low interest rates in the U.S., decent economic reports and
better than expected earnings continue to support the rise in equities. Now
that earnings season is coming to an end and interest rates expected to remain
low for a prolonged period, the emphasis will shift toward U.S. economic reports.
Traders are going to want to see improvements in all sectors of the economy
especially housing and employment. Last week good news regarding existing home
sales and new home sales helped underpin equities.
Stocks are expected to continue to rise as long as there is
a bid under the market. Throughout this entire bull market investors have
gotten used to buying breaks. Expect this pattern to continue especially after
strong openings. Traders have been reluctant to chase the market higher.
June Treasury Bonds are called higher this morning. The main
trend is up on the daily chart, but the closing price reversal top from last
Thursday at 117â€™29 could be a signal of lower markets to follow. The charts
indicate a break to the low 116â€™00 is likely. The threat of rising interest
rates and new supply is likely to limit gains and should help contribute to the
impending weakness. It seems the only factors driving this market higher lately
have been flight to safety concerns regarding Greece. Talk that China may limit
its Treasury purchases can also develop into a bearish factor.
Fear of a possible collapse in the Greek economy and the
Euro is sending speculators into June Gold. These traders have been taking long
hedge positions against paper currencies. Gold also appears to be decoupling
from the U.S. Dollar, Gold is nearing an old top at $1170.70 which could help
to slow down upside momentum. The key to higher markets will be whether Greeceâ€™s problems escalate or the sovereign debt
issues spread to Spain, Portugal or Ireland.
June Crude Oil is trading slightly better because of
increased demand for higher risk assets. Supply and demand issues do not appear
to be a factor at all in this rally. Last weekâ€™s action confirms that the crude
oil market is still firm after it established a range between 87.59 and 81.73.
The short-term chart indicates there is room to the upside but this market will
have to clear 87.59 in order to trigger an acceleration to the upside.
The June Dollar Index is trading higher, but the Dollar is
mixed against most major currencies. The June Euro is under pressure after
Fridayâ€™s strong short-covering rally. Big hedge funds continue to remain short.
Traders expect the situation to get worse before it gets better because of the
lack of clarity regarding the proposed bailout plan. Most traders are still
saying the amount of aid Greece
is asking for is not enough.
The stronger equity markets are helping to boost demand for
higher risk while driving down the lower yielding June Japanese Yen. The weaker
Euro and an improved economic outlook are helping to support the June British
Pound. Gains could be limited because of concerns over the upcoming U.K. elections
and the possibility of a hung parliament.
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.