stock markets finished lower as a lack of buyers triggered a profit-taking
break. Stocks were trading better earlier in the session due to increased
appetite for risk. Trading was light and volume low with the markets trading
rangebound for most of the day. Last weekâ€™s gains may have been too much, too
fast and may have kept investors on the sidelines.
The NASDAQ was under pressure throughout the day with the
S&P 500 barely holding on to gains and the Dow trading only.25% higher.
This divergence was indicative of short-term topping action which proved to be
true into the close. Todayâ€™s closing price reversal top in the June E-mini
S&P 500 indicates a short-term break is likely. This may be necessary to
attract new buyers.
June Treasury Bonds surged early in the trading session
after Fridayâ€™s bearish session. Investors showed strong demand for bonds on
Monday ahead of this weekâ€™s auction of $11 billion in new five-year,
Last week, a flight to safety rally helped drive yields
lower and bond prices higher until Friday when Greece announced plans to use the
loan money proposed by the European Central Bank and the International Monetary
Fund earlier in the month.
Greater demand for this weekâ€™s TIPS auction should keep
pressure on yields. Strong economic data may help to limit gains.
The stronger Dollar and weaker Euro helped to hold June
Crude Oil and June Gold in a range. Gold continued to remain firm because of investors
hedging against a collapse in the Euro. Supply/Demand fundamentals kept a lid
on crude oil prices. By the end of the day a general lack of demand for higher
risk helped turn both of these markets negative.
Overall, the U.S. Dollar traded mixed against the major
currencies but held steady through out the day session. The slow volatility
stems from the lack of fresh U.S.
economic news and the lack of news regarding Greece and its budget woes. Forex
traders were also keeping things tight ahead of the upcoming Bank of Japan
meeting and the Reserve Bank of New
Zealand and Federal Reserve meetings on
The June British Pound finished higher on Monday in mostly
range bound trading in New York.
economic data has supported the Pound, but gains have been limited by political
uncertainty. This outlook changed overnight following the release of a new poll
showing that the main opposition Conservative Party is gaining ground. This
outcome will reduce the chances of a hung parliament and increases the chances
that a solution may be hammered out regarding the U.K. budget deficit.
The Bank of Japan is expected to keep interest rates
unchanged at historically low levels. The market moving news will be how the
BoJ assesses the economy and inflation. Demand for higher risk assets, namely
stock market, has been pressuring the Yen lately. Deflation has also
contributed to the weakness. Traders will be looking for a rosier outlook for
the economy and hints of inflation from the BoJ policy makers.
One sticking point between the government and the BoJ has
been the topic of quantitative easing or stimulus. The government continues to
pressure the central bank for expanded stimulus. While the BoJ may pass on
expansion by limiting its purchase of Japanese Government Bonds, it may
consider lengthening the maturities to appease the government officials.At this time it doesnâ€™t look like the Bank of
Japan will do anything to encourage traders to buy the June Japanese Yen so the
uptrend is likely to continue as long as U.S. equity markets keep rising.
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.