The euro appreciated vis-√†-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2990
level and was supported around the $1.2870 level.The common currency stopped just short of
testing the US$ 1.3000 figure during the European session and North American
dealers knocked the pair lower.Federal
Reserve Chaiman Bernanke testifies this week following the Fed‚Äôs downward
revisions to economic growth and inflation forecasts and its upward revision to
its unemployment projections.The common
currency tracked U.S. equities higher today as traders responded to some
positive U.S. earnings data and shook off a report British Petroleum‚Äôs well cap
solution in the Gulf of Mexico may be leaking.Data released in the U.S. today saw the July NAHB housing market index
decline to +14 from the revised prior reading of +16.Data to be released tomorrow include June
housing starts and June building permits.In eurozone news, there was a
report today that Germany‚Äôs Hypo Real Estate Holding AG failed its bank stress
test.Results from up to 91 European
bank stress tests will be released on Friday and may impact the euro‚Äôs
direction.There is talk that the
International Monetary Fund will seek to increase the amount of funds it can
lend to US$ 1 trillion from the current level of US$ 750 billion.Data released in the eurozone today saw the
EMU-16 May current account balance widen to ‚Äď‚ā¨$ 5.8 billion from the revised
print of -‚ā¨5.6 billion.Also, EMU-16 May
construction output was off 1.0% m/m and 6.3% y/y.Euro offers are cited around the US$
The yen depreciated
vis-√†-vis the U.S. dollar today as the greenback tested offers around the ¬•87.20
level and was capped around the ¬•86.50 level.An anonymous Bank of Japan source suggested the central bank may
intervene around the ¬•85 level if the pair depreciates to that area and
continues to trade there.Japanese
monetary authorities have not officially intervened for years but they will
clearly not want the pair to risk a move below the ¬•80 figure.Japanese financial markets were closed
overnight and will reopen overnight.Data
to be released in Japan overnight include the May leading index, May coincident
index, and June convenience store sales.The Cabinet Office will release its monthly economic report on
Wednesday.The Nikkei 225 stock index on
Friday lost 2.86% to close at ¬•9,408.36.U.S. dollar bids are cited around the ¬•86.29 level.The euro moved higher vis-√†-vis the yen
as the single currency tested offers around the ¬•113.05 level and was supported
around the ¬•111.40 level.The British pound moved higher vis-√†-vis
the yen as sterling tested offers around the ¬•133.40 level while the Swiss franc moved higher vis-√†-vis
the yen and tested offers around the ¬•83.10 level. In Chinese news, the U.S. dollar appreciated vis-√†-vis the Chinese
yuan as the greenback closed at CNY 6.7787 in the over-the-counter market, up
from CNY 6.7747. Former People‚Äôs Bank of
China adviser Yu Yongding reported China should reduce the amount of U.S.
Dollar holdings in its portfolio.China‚Äôs
foreign exchange reserves totaled US$ 2.454 trillion in the second quarter and
in May, China reduced its U.S. Treasury holdings to US$ 867.7 billion.PBoC is expected to maintain a relatively
loose monetary policy.
British pound depreciated vis-√†-vis the U.S. dollar today as cable tested bids
around the US$ 1.5235 level and was capped around the US$ 1.5350 level.Many data will be released in the U.K.
tomorrow including June public finances, the June M4 money supply, June CBI
total orders, and June CBI business optimism.Bank of England Monetary Policy Committee member Sentance reported a ‚Äúgradual‚ÄĚ
increase in interest rates would be ‚Äúhelpful for the economic recovery.‚ÄĚCable bids are cited around the US$ 1.5140
level.The euro appreciated vis-√†-vis the British pound as the single
currency tested offers around the ¬£0.8505 level and was supported around the
franc depreciated vis-√†-vis the U.S. dollar today as the greenback tested offers
around the CHF 1.0535 level and was supported around the CHF 1.0445 level.Data to be released in Switzerland tomorrow
include the June trade balance followed by June money supply data on
Wednesday.Most dealers believe SNB has
been forced to intervene less on account of all of the euro-denominated assets
on its balance sheet but some note the SNB will likely continue to intervene at
opportune levels.U.S. dollar offers are
cited around the CHF 1.0980 level.The euro appreciated vis-√†-vis the
Swiss franc as the single currency tested offers around the CHF 1.3650 level
while the British pound moved lower
vis-√†-vis the Swiss franc and tested bids around the CHF 1.6010 level.
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 18 Dec
10:00 EZ- final HICP Tue 19 Dec
09:00 DE- IFO Survey
13:30 US- Housing Starts/Permits
13:30 US- Current Account Wed 20 Dec
15:00 US- Existing Homes Sales
15:30 US- EIA Crude Thu 21 Dec
03:00 JP- BOJ Decision
13:30 CA- CPI & Retail Sales
13:30 US Weely Jobless
13:30 US- GDP Fri 22 Dec
09:30 US- GB- GDP
13:30 US- core PCE Deflator & Presonal Income
15:00 US- New Homes Sales
15:00 US- final University of Michigan
17:00 US- early Closes Mon 25 Dec
00:00 Christmas Holidays
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.