The euro appreciated vis-√†-vis the U.S. dollar today as the single currency tested offers around the US$ 1.3105
level and was supported around the $1.2975 level. The common currency traded
above the $1.3100 figure today for the first time since 4 May 2010 as improving
risk appetite continued to support higher-yielding currencies.Data released in the U.S. today saw weekly
initial jobless claims decline to 457,000 from a revised 468,000 print last
week while continuing jobless claims moved higher to 4.565 million from the
revised prior tally of 4.484 million. These data support the premise that the
U.S. labour market remains unsettled.July non-farm payrolls data will be closely scrutinized next week.Data to be released in the U.S. tomorrow
include Q2 GDP growth, PCE numbers, July Chicago PMI, and final July University
of Michigan consumer sentiment will be released tomorrow.Dallas Fed President Fisher reported the U.S.
economy faces a ‚Äúslow slog‚ÄĚ and suggested ‚Äúno amount of further monetary
accommodation is going to do the trick.‚ÄĚFisher predicted economic growth will be below 3% for a ‚Äúprolonged
period‚ÄĚ and said businesses are ‚Äúdispirited‚ÄĚ by tax and regulatory
changes.St. Louis Fed President Bullard
said the Fed should resume purchases of Treasuries if the economy slows and the
risk of deflation increases.In eurozone news, the eurozone July
business climate indicator rallied to +0.66 from +0.40 with industrial
confidence better at -4, consumer confidence steady at -14, economic confidence
higher at 101.3, and services confidence better at +6.EMU-16 unemployment and CPI data will be
released tomorrow.German July
unemployment fell 20,000 to 7.6% and French June producer prices data came in
at +0.0% m/m and +3.5% y/y.Euro offers
are cited around the US$ 1.3265 level.
The yen appreciated
vis-√†-vis the U.S. dollar today as the greenback tested bids around the ¬•86.55
level and was capped around the ¬•87.50 level. The pair continues to find it difficult to
gain enough traction to challenge the ¬•90 figure as global economic growth
decelerates.Bank of Japan Policy Board
member Kamezaki yesterday reported the central bank ‚Äúwants to make utmost
efforts proactively to escape from deflation and return to a sustainable growth
path under price stability,‚ÄĚ noting a stronger yen will hurt exporters.In contrast, other BoJ officials including
Governor Shirakawa have been hesitant about commenting on the strong yen.There is speculation that industrial
production growth in Japan is decelerating and this may increase pressure on
the BoJ to ease further.Yen gains were
also prompted by weaker-than-expected Australian consumer price inflation data
released yesterday, suggesting global growth continues to decelerate.Reserve Bank of Australia will likely not
hike rates next week and the yen could stay bid as a result of this evolving
monetary and economic landscape.While
Kamezaki‚Äôs remarks may not increase the changes of yen-selling intervention by
the government, traders remain fixated on the ¬•85 level.Economic growth in Japan may also slow in the
fourth quarter.Data released in Japan
overnight saw June retail trade up 0.4% m/m and 3.2% y/y.Data to be released tonight include CPI and
PMI data.The Nikkei 225 stock index lost
0.58% to close at ¬•9,696.02.U.S. dollar
bids are cited around the ¬•86.29 level.The euro
moved lower vis-√†-vis the yen as the single currency tested bids around the
¬•113.15 level and was capped around the ¬•114.20 level.The
British pound moved lower vis-√†-vis the yen as sterling tested bids around
the ¬•134.95 level while the Swiss franc moved
higher vis-√†-vis the yen and tested offers around the ¬•83.95 level. In Chinese news, the U.S. dollar depreciated
vis-√†-vis the Chinese yuan as the greenback closed at CNY 6.7761 in the
over-the-counter market, down from CNY 6.7778. The July MNI business conditions survey will
be released tonight.
British pound appreciated vis-√†-vis the U.S. dollar today as cable tested offers
around the US$ 1.5660 level and was supported around the US$ 1.5580 level.Data released in the U.K. today saw July
Nationwide house prices off 0.5% m/m and up 6.6% y/y while June net consumer
credit was off -¬£100 million.June net
lending secured on dwellings came in at ‚ā¨700 million and June mortgage
approvals slowed to +47,600.The Jun3 M4
money supply was up 0.0% m/m and 3.0% y/y and the July GfK consumer confidence
survey will be released tonight.Bank of
England Governor King reported the U.K. economic outlook remains uncertain and warned
there will likely be inflation next year.Cable bids are cited around the US$ 1.5270 level.The
euro appreciated vis-√†-vis the British pound as the single currency tested offers
around the ¬£0.8395 level and was supported around the ¬£0.8320 level.
franc appreciated vis-√†-vis the U.S. dollar today as the greenback tested bids
around the CHF 1.0375 level and was capped around the CHF 1.0580 level. The July KOF Swiss leading indicator will be
released tomorrow. The June UBS consumption indicator was released yesterday
and improved to 1.81.There was market
chatter today that Swiss National Bank has been selling some of the euro it
purchased in its massive franc-selling interventions this year.U.S. dollar offers are cited around the CHF
1.0980 level.The euro depreciated vis-√†-vis the Swiss franc as the single
currency tested bids around the CHF 1.3580 level while the British pound moved lower vis-√†-vis the Swiss franc and tested bids
around the CHF 1.6185 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.
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.