also remember the Wall Street Journal article that rehashed the entire regionâ€™s
banking problems and the rather large potential for the eurozone economies to
experience another round of turmoil post stress tests. The euroâ€™s knee-jerk
reaction was not good; but it needed very little time to shake off the dirt and
begin a strong move higher.
Moodyâ€™s is sure to not let the Irish banking issue go to rest; and The Wall Street Journal is digging in
again, implying that itâ€™s only a matter of time before investorâ€™s mood changes
on the eurozone.
Irishâ€™s bank debt was cut and theyâ€™ve been put on watch for further potential
downgrades. The problem is the Irish government can seem to provide a
sufficient back-stop for the bank. And if thatâ€™s going to be the MO, itâ€™s not a
good sign for other banks or other countriesâ€™ banks in similar positions. And
there are many.
The Wall Street Journal is asking whether the ECB has
succeeded or can succeed in keeping the eurozone â€“ the common currency â€“
together. Thereâ€™s a central bank for the zone, there are treaties and contracts
between members, but thereâ€™s no central authority that can keep member
governments in line when it comes to fiscal policy. That seems to be accepted
as the biggest problem still facing the eurozone; it is apparently the cause
for governments spending beyond their means and the limits set out in the
argue that thereâ€™s more than just the absence of a central power that has
caused imbalances within the zone. But weâ€™ve done that before.
excerpt from the WSJ:
package of EU measures has helped quell the panic. But four months later, the
root causes of the Greek crisis remain: There is no central authority to even
coordinate national tax-and-spending policies.
past month, financial markets have turned their sights on Ireland and Portugal.
Doubts remain over the solvency of banks on Europe's stricken fringe. That
leaves them dependent on Mr. Trichet's largesse, in the form of
"temporary" lending facilities introduced by the ECB when the crisis
Mr. Trichet's assurances that the bond-buying program is a stop-gap, it not
only continues but has also increased in recent weeksâ€”with no end in sight.â€ť
The ECB has
a tough job trying to act in a way thatâ€™s supportive, or at least considerate,
of all its members while also trying to maintain a modicum of financial
credibility. Itâ€™s easy when everyone is happy, everyoneâ€™s GDP is pointing in
the right direction, and the global economy is moving along swimmingly. That is
still not the case.
this being front and center for everyone to see, the euro has barely blushed
(thanks FOMC!)Not only has the euro
broken decisively above its 200-day moving average, but it breached chart
resistance, came back and tested, and then bounced strong on Friday.
jump on this opportunity to get long EURUSD? EURUSD price action has not been
fazed by a steady stream of typically bad eurozone news. When such a dynamic is
in play, when bad news is brushed aside, any good news can have an increasingly
more positive impact.
stocks signal that risk appetite is on, we think it makes sense to have some
long exposure to the euro. If this move looks to have become tired out, we
wonâ€™t sit around. The right (or wrong) combination of major global macro risks
can still turn around the markets on a dime. This is why we will keep a
short-leash on EURUSD.
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."
Actionable trading levels delivered to YOUR charts in real-time.
Mon 19 Mar 2018 Tue 20 Mar 2018 AA 9:30 GB- CPI A 10:00 DE- ZEW Survey Wed 21 Mar 2018 AA 03:00 AU- Employment AA 9:30 GB- Employment A 12:30 US- Current Account AA 14:00 US- Existing Homes Sales A 14:30 US- EIA Crude A A18:00 US- Fed Rate Decision A 21:00 NZ- RBNZ Rate Decision Thu 22 Mar 2018 AA All Day flash PMIs AA 9:30 GB- Retail Sales AA 12:00 GB- Bank Of England Decision A 13:30 US- Weekly Jobless Fri 23 Mar 2018 AA 12:30 CA- CPI/Retail Sales A 12:30 US- Durable Goods A 14:00 US- New Homes Sales
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.