User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday March 15, 2005 - 09:32:34 GMT
ACM REFCO - www.ac-markets.com

Share This Story:
| | Email

FX Daily Technical Strategy

 


Dollar's rally stalls ahead of U.S. capital flows


 


The dollar's recovery was put on hold ahead of U.S. capital flows data on Tuesday as investors worried about whether the United States could keep financing its massive current account deficit.


The U.S. currency had rallied on Monday from last week's two-month low against the euro partly on the belief that a dollar sell-off on weak U.S. trade data on Friday may have been overdone.


By Tuesday, traders where firmly focused on U.S. Treasury International Capital data for January due at 14h00 GMT, as well as current account data slated for Wednesday.


Net capital inflows to U.S. assets eased to $61.3 billion in December barely covering the trade deficit from a revised $89.3 billion in November.


As of 06h30 GMT, the dollar bought around 104.85 yen, flat from late U.S. trade.


The dollar raised around 0.9 percent against the yen on Monday, rebounding from a fall on Friday when data showed the U.S. trade gap widened in January to $58.3 billion, the second-largest monthly deficit on record.


Investors had also jumped on the dollar as U.S. long-term interest rates rose to a 7-   month high around 4.58 percent on Monday.


Higher interest rates generally attract more capital from overseas, which leads to increased demand for the dollar.


The euro changed hands at around $1.3355, versus $1.3369 in late U.S. trade. It fell 0.6 percent against the dollar on Monday after having hit a two-month high of $1.3483 late last week.


The single European currency fetched 140.00 yen, easing from 140.16 yen in late U.S. trade and a 2-   month high of 140.71 yen hit on Monday.


Japanese exporters were happy to take advantage of the euro's rise above 140 yen. The last time it topped 140 yen was when Tokyo markets were closed for the year-end and New Year holidays, and many exporters were unable to sell the euro at such levels.


The market showed little reaction to comments from Japanese Finance Minister Sadakazu Tanigaki, who repeated that Japan would take steps against excessive movements in currencies.


Asked about the currency market roughly a year after Japan's last known intervention, he referred to volatility caused by geopolitical risk at that time and said: "Right now the market seems to be reacting less to one specific factor than at that time."


Ahead of the U.S. capital flows data, traders awaited the ZEW institute's German investor confidence index, due at 10h00 GMT. It is expected to show a slight dip to 34.0 in March from 35.9 in February.


 


EURO/DOLLAR: The market has not sustained the minor breach of key Fibonacci resistance at $1.3470. There is a large divergence on the daily RSI and it is possible that the market may have topped near term, loss of $1.3280/40 would add weight to that view. Rallies will need to regain $1.3480 rapidly in order to restore upside pressure and re-target $1.3670.


 


DOLLAR/YEN: The dollar remains underpinned by support at 103.65  it has held the downside for the last 4 trading days. This is Fibonacci support - it is key and while it holds it maintains the recent range (favored). However any breach of this level will cast immediate attention onto the 101.65/25 key support, which represents the recent low and 1999 low. Rallies will need to regain 105.60 to restore upside pressure to 106.86, the recent high.


 


DOLLAR/SWISS: The dollar saw a small bounce higher, as expected. The rebound will encounter stronger resistance at 1.1650/60, 1.1680 and will need to overcome this zone in order to alleviate immediate downside pressure and signal scope for further recovery to 1.1850/1.1925 (favored). Yesterday's price action constituted a key day reversal. Interim support lies at 1.1475 and this protects the 1.1280 December low.


 


STERLING/DOLLAR: Sterling has failed at key resistance at $1.9330 as suspected; this is the 78.6 percent retracement of the move $1.9550 to $1.8510. The market failing here is key, as it implies that recent strength is likely to have been an extended correction only. A break below $1.9050 last week's low would add weight to that view. Only a break above $1.9330 would negate this view and target $1.9550, the recent high.


 


@13h30 GMT: U.S. February Retail Sales, U.S. March Empire Manufacturing Survey


@14h00 GMT: U.S. January Net Foreign Security Purchases


@15h00 GMT: U.S. January Business Inventories

 

Forex Trading News

Forex Research

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 here.

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.
  • Live trading strategy sessions.
  • Market Updates with Trading Tools.

Register To Test Your Amazing Trader


Trading Ideas for 16 October 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:

Mon 16 Oct
01:30 CN- CPI
21:45 NZ- CPI
Tue 17 Oct
08:30 GB- CPI
09:00 DE- ZEW Survey
09:00 EZ- Final HICP
Wed 18 Oct
12:30 US- Housing Starts & Permits
14:30 US- EIA Crude
Thu 19 Oct
01:30 AU- Employment
08:30 GB- Retail Sales
12:30 US- Weekly Jobless
Fri 20 Oct
12:30 CA- Retail Sales & CPI
14:00 US- Existing Homes Sales

Forex Trading Outlook


Trading Opportunities


  • POTENTIAL PRICE RISK: HIGH Tue-- 08:30 GMT GB- CPI top tier confirmation of Inflation.

  • POTENTIAL PRICE RISK: Medium Tue-- 09:00 GMT DE- ZEW Survey second most important German monthly Survey.

  • POTENTIAL PRICE RISK: Medium Tue-- 09:00 GMT EZ- final HICP revision to flash report. Revisions are usually minor.

  • POTENTIAL PRICE RISK: Medium Tue-- 13:15 GMT US- Industrial Production. Top output indicator.



  • POTENTIAL PRICE RISK: Medium Wed-- 12:30 GMT US- Housing Starts and Permits revision to flash report. Useful housing leading indicator.

  • POTENTIAL PRICE RISK: Medium Wed-- 14:30 GMT US- EIA Crude. Top WTI inventory measure.



John M. Bland, MBA
co-founding Partner, Global-View.com

EXCLUSIVE: Global-View Daily Trading Chart Points Updated

EXCLUSIVE: Global-View Free Forex Database updated




TRADER ADVOCACY ARTICLES

Trader's Advocate Articles..

pic

Retail Forex Brokerage Changing!

Are you 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.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools

 
Terms of Use    Disclaimer    Privacy Policy    Contact    Site Map


Forex Forum
Forex Trading Forum
Forex Forum + forex rates
Forex Forum Archives
Forex Forum RSS
Free Registration

Trading Forums
Currency Forum Guide
Forum Directory
Open Forum
Futures Forum
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

Online Forex Trading
Forex Trading Tools
Currency Trading Tools
Forex Database
FX Chart Points
Risk/Carry Trade Chart Points
Economic Calendar
Quicklinks to Economic Data
Currency Futures Swaps
Fibonacci Calculator
Currency Futures Calculator

Forex Education
Forex Learning Center
FX Trading Basics Course
Forex Trading Course
Forex Trading Handbook

Forex Analysis
Forex Forecasts
Interest Rate Forecasts
Central Bank Forecasts

FX Charts and Quotes
Live FX Rates
Live Global Market Quotes
Live Forex Charts
US Dollar Index Chart
Global Chart Gallery
Daily Market Tracker
Forex News
Forex Blog
Forex News
Forex Blog Archives
Forex News RSS
Forex Services
Forex Products
GVI Forex
Free Trials
FX Bookstore
FX Jobs and Careers
Jobs USA
Jobs UK
Jobs Canada

Forex Forum

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.

Forex News

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

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.

Forex Brokers

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 Trading

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.

FX Trading

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.

Forex Blog

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.

Copyright ©1996-2014 Global-View. All Rights Reserved.
Hosting and Development by Blue 105