User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday July 27, 2010 - 03:48:23 GMT
FX Thoughts for the Day - www.fxthoughts.com

Share This Story:
| | Email

Morning Briefing : 27-Jul-2010 - 0341 GMT

GOOD MORNING!


EQUITIES
The US Equities were up on account of favourable Economic Data release followed by an upward revision of the forecasted profit figures by FedEx, yesterday. The Dow (10525.43) was up 0.97% while the S&P 500 (1115.01) was up 1.12%. The Dow is near very important Resistance at current levels (100 DMA at 10526.78) and a break above this may take it towards 10800 in the coming days. However, please note that the Dow has moved up about 7.7% this month and it may now come off a little towards 10350-00 before rising towards 10800 in the coming days/weeks.

The Asian Equities are mixed today. The Nikkei (9516.43, up 0.13%) may go up to 10000 in the coming days and the Shanghai (2578.35, down 0.40%) may rise past 2600-50 in next few days/weeks. In india, the Sensex (18020.05) and the Nifty (5418.60) closed down about 0.60% yesterday and they might test their respective Resistance 18500 and 5500 in the coming days.

COMMODITIES
Crude (78.92) is cotinuing to trade higher. The strong US equity markets, weaker dollar are supporting the commodity price. However, as mentioned earlier, 80 is a very significant Resistance level to watch for and a break above it might trigger further upmove towards 83-85 in the coming days.

Gold (1183.80) is continuing to trade below 1200. As mentioned earlier 1175 is a very crucial Support level to watch for and a break below it might pull it further down towards 1150-40 in the coming days. To see the Gold graph click on the following link:
http://www.kshitij.com/graphgallery/goldcandle.shtml#candle

The Gold/Crude ratio (currently at 15.00) is near the significant Channel Support at 14.80. If this Support holds, there are good chances of the Resistance at 80 on Crude holding in the coming days. To see the Gold/Crude ratio click on the following link:
http://www.kshitij.com/graphgallery/crudeandgold.shtml#ma

CURRENCIES
Bad day for the Dollar, which has weakened across the board. Continued rise in the Euro (1.3012) yesterday, and chances of further rise towards 1.3140-3200 now. With Dow closing above 10500 yesterday, risk-taking seems to be back in the air. Dollar-Yen (86.92) traded below 87.50 yesterday and might dip further towards 86.50 today. The Euro-Yen Cross (113.10) has risen on the back of a stronger Euro. A confirmed rise past 113.50 would be very bullish. This needs to be watched today.

The Pound (1.5500) is still looking bullish and might test the 200-day MA at 1.5555. Dollar-Swiss (1.0490) is trading quiet, just below 1.05. It may find buyers on intra-day dips towards 1.0450 as it looks ranged between 1.04-06 for a few days. In the meanwhile, the Aussie (0.9018) has powered past the 200-day MA (0.8961) yesterday and could well rise further towards 0.9120 over today-tomorrow.

Asian currencies have strengthened further since yesterday. Dollar-Won (1182.60) trades lower, compared to 1195.50 yesterday and so does USD-SGD (1.3612) compared with 1.3650 yesterday. Dollar-Rupee (47.04) had bucked the trend yesterday, rising instead of falling. Higher royalty payments by Maruti to its parent Suzuki may be seen as a trigger/ justification. A test of 47.10 might be seen today.

INTEREST RATES
The 3M USD LIBOR was unchanged at 0.49%. The 2Y and 10Y yields were flat to quote at 0.59% and 2.99%.

In India, the RBI's interest rate decision in due today.


DATA TODAY
05:30 GMT RBI Repo Rate
...Previous 5.25%

05:30 GMT RBI Reverse Repo Rate
...Previous 3.75%

05:30 GMT RBI CRR
...Previous 6.00%

13:00 GMT US Case Schiller
...Expected 3.8%...Previous 3.8%

14:00 GMT US Cons Conf
...Expected 51.5...Previous 52.9

DATA YESTERDAY
AU PPI
...Actual 0.3%...Previous 1.0%

June US New Home Sales
...Actual 330 K...Previous 267K
http://www.kshitij.com/fundamentals/funcharts/usnewhomesales.shtml

 

 

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 11 December 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:

Tue 12 Dec
09:30 GB- CPI
10:00 GB- ZEW Survey
13:30 US- PPI
Wed 13 Dec
00:30 AU- Employment
09:30 GB- Unemployment
13:30 US- CPI
15:30 US- EIA Crude
19:00 US- Fed Decision
Thu 14 Dec
07:30 CH- SNB Decision
All Day- Global- flash PMIs
12:00 GB- Bank of England Decision
12:45 EZ- ECB Decision
13:30 US- Retail Sales
13:30 US- Weekly Jobless
14:45 US- Industrial Production

Forex Trading Outlook


Potential Trading Opportunities

  • POTENTIAL PRICE RISK: Mediun Tue--10:00 GMT-- DE- ZEW. Second Tier Sentiment Survey
  • POTENTIAL PRICE RISK: HIGH-Medium Tue--13:30 GMT-- US- PPI

  • POTENTIAL PRICE RISK: HIGH-Medium Wed--09:30 GMT-- GB- Employment
  • POTENTIAL PRICE RISK: HIGH Wed--13:30 GMT-- US- CPI
  • POTENTIAL PRICE RISK: Medium Wed--15:30 GMT-- US- EIA Crude
  • POTENTIAL PRICE RISK: High Wed--19:00 GMT-- US- Fed Decision


  • POTENTIAL PRICE RISK: HIGH- Thu --00:30 GMT-- AU- Employment
  • POTENTIAL PRICE RISK: Medium- Thu --All day-- global- flash PMIs
  • POTENTIAL PRICE RISK: HIGH-Medium- Thu --07:30-- CH- Swiss National Bank Decision
  • POTENTIAL PRICE RISK: HIGH-Medium- Thu --09:30-- GB- Retail Sales
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