The euro depreciated vis-Ă -vis the U.S. dollar today as the single currency tested bids around the US$ 1.2890
level and was capped around the $1.3005 level.Data released in the U.S. today saw the June headline consumer price
index off 0.1% m/m and up 1.1% y/y while the ex-food and energy core component
was up 0.2% m/m and 0.9% y/y.Additionally, May net long-term TIC flows came in at US$ 35.4 billion,
down from the revised prior reading of US$ 81.5 billion, while May total net
TIC flows moved higher to US$ 17.5 billion from the prior revised tally of US$
13.0 billion.Finally, the mid-July
University of Michigan consumer sentiment indicator fell sharply to 66.5 from
the prior reading of 76.0.The July NAHB
housing market index will be released on Monday.Yesterday, U.S. Senate passed key financial regulatory
reform laws that will seek to strengthen oversight over systemically-important
firms, increase some of the Federal Reserveâ€™s powers, and seek to avert another
major credit crisis like the one that unfolded three years ago.Critics of the new legislation suggest it
does not address the massive imbalances caused by U.S. wholesale mortgage giants
Fannie Mae and Freddie Mae.Former
Federal Reserve Chairman Greenspan this week said the U.S. government should
let the Bush tax cuts lapse this year to boost tax revenue and reduce the
federal budget deficit.San Francisco
Fed President Yellen testified this week in her Senate confirmation hearing to
become the new Fed Vice Chairman and noted job creation remains a â€śhigh
priorityâ€ť to bring down â€śpainfully highâ€ť umemployment.Minutes from the most recent Federal Open
Market Committee meeting were released this week and indicated a growing
concern over the economy.Fed Chairman
Bernanke will deliver his semi-annual economic report to Congress next
week.In eurozone news, the European Central Bankâ€™s July monthly bulletin
this week reported some eurozone jobs â€świll be permanently downsized.â€ťData released today saw the EMU-16 May trade
balance decline to -â‚¬3.4 billion from the revised prior reading of â‚¬300
million.Data to be released on Monday
include the May current account balance and May construction output.Euro offers are cited around the US$
The yen appreciated
vis-Ă -vis the U.S. dollar today as the greenback tested bids around the ÂĄ88.25
level and was capped around the ÂĄ87.50 level.Data released in Japan overnight saw June nationwide department store
sales decline 6.0% y/y while Tokyo-area department store sales were off 5.5%
y/y.Bank of Japan maintained its
economic assessment for the third consecutive month in July, reporting â€śJapanâ€™s
economy shows further signs of a moderate recovery, induced by an improvement
in overseas economic conditions.â€ť It added â€śJapanâ€™s economy is likely to
recover at a moderate pace.â€ťAs expected,
Bank of Japan this week lifted its economic growth forecast for the fiscal year
ending March 2011 to 2.6% from its April estimate of 1.8%.BoJ also reduced its forecast for the next
fiscal year to 1.9% from 2.0%.Bank of
Japanâ€™s Policy Board this week kept its benchmark unsecured overnight call rate
target unchanged at 0.1%.Dealers expect
the government will increase its pressure on the central bank to ease monetary
policy further, perhaps by expanding the number of Japanese government bonds it
purchases.BoJ Governor Shirakawa
reported the BoJ â€śalready expected the pace of the economic recovery to slow
down in coming monthsâ€ť following its â€śrapidâ€ť rebounds from late last year.The central bank is also now predicting
consumer prices excluding fresh food will decline 0.4% this fiscal year, down
from Aprilâ€™s -0.5% forecast.Notably,
the central bank maintained its forecast that calls for a 0.1% increase in core
inflation in the fiscal year starting April 2011.The Nikkei 225 stock index lost 2.86% to
close at ÂĄ9,408.36.U.S. dollar bids are
cited around the ÂĄ86.29 level.The euro
moved lower vis-Ă -vis the yen as the single currency tested bids around the
ÂĄ111.50 level and was capped around the ÂĄ113.35 level.The
British pound moved lower vis-Ă -vis the yen as sterling tested bids around
the ÂĄ132.00 figure while the Swiss franc
moved lower vis-Ă -vis the yen and tested bids around the ÂĄ82.00 figure. In Chinese news, the U.S. dollar depreciated
vis-Ă -vis the Chinese yuan as the greenback closed at CNY 6.7747 in the
over-the-counter market, down from CNY 6.7781. The
slowdown in economic growth reported in China this week caused Chinese interest
rate swaps to decline to one-year lows.Many
data were released in China this week.First,
second quarter real gross domestic product growth decelerated to +10.3% y/y
from the prior reading of 11.9%.Gross
domestic product is now up 11.1% y/y but most economists expect growth to
decelerate further this year.Second,
the June purchasing price index was up 10.8% y/y, down from +12.2% y/y.Third, the June producer price index and June
consumer price index were up 6.4% y/y and 2.9% y/y, respectively.Fourth, June retail sales growth slowed to
18.3% y/y. Fifth, industrial production growth slowed to +13.7% y/y from the
prior reading of +16.5%.
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.
Mon 19 Feb 2018
00:00 CN, US- Holiday Tue 20 Feb 2018
00:00 CN- Holiday A 10:00 US- ZEW Survey Wed 21 Feb 2018
00:00 CN- Holiday A All Day flash PMIs A 15:00 US- Existing Homes Sales A 15:30 US- EIA Crude AA 19:00 US- Fed Meeting Minutes Thu 22 Feb 2018 A 09:00 DE- IFO Survey A 09:30 GB- GDP AA 13:30 CA- Retail Sales A 13:30 US- Weekly Jobless Fri 23 Feb 2018 A 10:00 EZ- Final HICP AA 13:30 CA- CPI
John M. Bland, MBA co-founding Partner, Global-View.com
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.