User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday May 25, 2010 - 16:55:28 GMT
Forex Hound - www.forexhound.com

Share This Story:
| | Email

Spain Concerns, War Threat put Global Markets under Pressure

Global equity markets fell sharply lower overnight on renewed fears in the Euro Zone and rising tensions between North Korea and South Korea. The sell-off started early when Asian traders began liquidating equities on war concerns between the Korean nations and quickly spread to Europe and the U.S. as these two regions continued to struggle with the spreading debt issues in the Euro Zone.

 

Comments from the International Monetary Fund helped accelerate the decline in European markets. On Monday, the IMF warned that Spain must do more to accelerate the consolidation of its banking system and to overhaul its labor laws and government pension systems. Despite remaining upbeat about the soundness of Spain’s banking system, traders read this comment as a negative and began selling equities while seeking shelter in lower yielding currencies.

 

On Monday, the June E-mini S&P 500 tried, but failed to confirm Friday’s closing price reversal bottom. This failure helped set up the overnight decline because it indicated that buyers were scarce. After trading lower on Monday’s opening, the E-mini started to rally, buoyed by the news of a better than expected U.S. Existing Home Sales Report

 

By the mid-session the S&P 500 was flirting with turning positive, but buying dried up as the market neared Friday’s high at 1088.75. At the close, Friday’s closing price reversal bottom had not been confirmed, leading to speculation that there may be a correction back to at least 1060.00. The overnight weakness more than accommodated the bears by driving through this price level to a low of 1036.75.

 

The June E-mini S&P 500 is now set to challenge the low for the year at 1036.25. A trade through this price will wipe out the entire February to May rally and indicate further weakness is likely. Stops are expected to be triggered under this level, however, there is always the possibility of a short-covering rally especially since sentiment is extremely bearish and technical indicators remain oversold.

 

June Gold finished higher after high volatility and overbought conditions drove large speculators to take profits last week. For several weeks, gold traders had been buying the metal as a hedge against the possible collapse in the Euro, but the recent slowdown in the fall in the Euro has given speculators an opportunity to take a little bit off the table.

 

Monday’s renewed weakness in the Euro and concerns about contagion in the Euro Zone because of the government takeover of a Spanish financial institution helped to drive up gold.

 

June Gold is trading slightly lower in limited trading. Speculators have not been too aggressive in this market overnight. Financial turmoil usually drives gold higher, but in this case, margin calls from the equity market sell-off may be the reason why gains have been limited.

Technically, June Gold is still in an uptrend as long as the last swing bottom at $1156.20 holds as support. Last week this market corrected into a 50% price at $1167.90 and an uptrending Gann angle at $1168.10. On Tuesday, the Gann angle moves up to $1172.10.

 

Based on the developing short-term range of $1249.70 to $1166.00, traders should look for a minimum near-term correction back to $1207.80 to $1217.70. The test of this area should dictate the further direction of gold. A failure in this zone will indicate a possible secondary lower-top formation.

 

The global sell-off in the equity markets is driving up demand for June Treasury Bonds overnight. T-Bonds finished lower on Monday as the see-saw trading in the equity markets encouraged traders to liquidate flight-to-safety trades put on last week when stocks plunged and T-Bonds soared to a new high for the year at 126’01.

 

Traders have been ignoring the abundance of supply in the markets and instead have been focusing on the likelihood the Fed will leave interest rates near zero until next year and the on-going concerns in the Euro Zone economy.

 

Watch the U.S. equity markets for clues as to which way the T-Bonds will move. Panic selling in the stock market is likely to drive investors into the safety of the Treasury instruments.

 

September Crude Oil straddled the February bottom at 72.43 on Monday. Additional support was being provided by a 50% price at 72.16. The overnight break under this level triggered a sharp decline overnight.

 

 

 

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 23 October 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:

Tue 24 Oct
All Day flash PMIs
Wed 25 Oct
01:30 AU- CPI
08:00 DE- IFO Survey
08:30 GB- GDP
14:00 CA- BOC Decision
14:30 US- EIA Crude
Thu 26 Oct
11:45 EZ- ECB Decision
12:30 US- Weekly Jobless
14:00 US- Pending Homes Sales
Fri 27 Oct
12:30 US- GDP
14:00 US- final Univ of Michigan

Forex Trading Outlook


Potential Trading Opportunities


  • POTENTIAL PRICE RISK: Medium Tue-- All Day Global flash PMIs. First good look at October economic performances.



  • POTENTIAL PRICE RISK: HIGH Wed-- 01:30 GMT AU- CPI. Top Inflation indicator.

  • POTENTIAL PRICE RISK: HIGH Wed-- 08:00 GMT DE- IFO Survey. Top German indicator.


  • POTENTIAL PRICE RISK: HIGH Wed-- 14:00 GMT CA- BOC Decision. No Policy Change Expected.


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



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