User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday November 9, 2010 - 03:45:37 GMT
FX Thoughts for the Day - www.fxthoughts.com

Share This Story:
| | Email

Morning Briefing : 09-Nov-2010 -0344 GMT

GOOD MORNING!


EQUITIES
A marginally lower closing for the US market with Dow around 11,407 (down 0.37%) and S&P500 at 1223 (down 0.21%). Dow has support around 11,350 and immediate resistance around 11,450. If either 11,350 breaks or 11450 goes, we can see a move of 100-150 points on either direction.

Asian markets are trading lower with Hangseng at 24,722 (down 1%), Nikkei at 9692 (down 0.4% ) and China down a percent at 3128. Buzz of QE2 from Fed has left similar vibrations on the charts of Hangseng, Shanghai and Nifty. All three have seen consecutive gap openings and strong follow through closing. This could be the developing signs of a market whose uptrend is maturing. Nifty closed in the red at 6273 (down 0.62%), dragged by IT and banking counters. SGX is quoting a postive opening around 6300. We expect Nifty to find strong support around 6250-60 and resistance is expected around 6305, break above that can see Nifty re-test last week's high of 6350.

COMMODITIES
Gold moved up in the past 2 sessions and is currently trading at the Resistance of 1410. In the coming days, Gold has some good Resistance in the region of 1410-20. A break above 1420 may take it towards 1450, which should hold followed by another dip towards 1300 in the coming weeks.

Crude has been ranged between 86 and 87.50 since it opened this week and may have some upside towards 90.50 in a couple of weeks. In case of a break above 90.50, it may see some more upmove towards 93 by the month end.

CURRENCIES
Continued gain in the Dollar Index (77.02) on further decline in the Euro (1.3882). Talk is of fresh worries about sovereign debt issues in the PIG nations in Europe, but it might be just a good way to explain profit-taking. A rebound is possible in the Euro now as it has good Support in the 1.3850-30 region.

In the meanwhile, Dollar-Yen (80.78) has fallen a goodish bit today in the last hour on better than expected trade balance. However Support should be coming up in the 80.70-50 region. The Euro-Yen Cross (112.25) has been falling for the last 2-3 days but may have good Support between current levels and 111.50.

Dollar-Swiss (0.9659) has moved up yesterday after having fallen dramatically in the run up to the FOMC last week. With intra-week Support at 0.9550, there are chances of a further upmove towards 0.9820. The Pound (1.6143) had fallen to a low of 1.6065 in early Asian trade, but has bounced back a bit from there. The Support at 1.6050 looks good and an upmove towards 1.6200-50 can develop. The market will be out for the UK October Trade Balance today, which is expected to be narrower (7.9 bln) as compared to 8.2 bln earlier.

The Aussie (1.0126) has been more consolidative, moving sideways, over the last couple of days than the Euro or the Pound. Even so, it saw a short-lived dip to 1.0075 today morning, but has bounced from there. Might have room on the upside.

The Emerging currencies had weakened a bit yesterday on the all-round Dollar rally. Dollar-Won (1118.20) might range between 1110 and 1130 over the next couple of days. USD-SGD (1.2850) remains in a downtrend and might fall towards 1.2800. The USD-BRL (1.6960-7000) is looking like it is tracing out a medium-long term bottom, with good Support at 1.6700 now. Dollar-Rupee had closed near 44.3850 yesterday. It has Resistance at 44.45-55 and could run into selling today.


INTEREST RATES
The 3M USD LIBOR was unchanged at 0.29%. The 2Y yields were up 6 bps to quote at 0.39 and the 10Y yields were down 1 bps to quote at 2.54%.

 

 

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."



Actionable trading levels delivered to YOUR charts in real-time.

Register To Test Your Amazing Trader

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Tue 17 July 2018
AA 08:30 GB- Employment
A 13:15 US- Industrial Production
AA 14:00 US-Powell Testimony
Wed 18 July 2018
AA 08:30 GB- CPI
A 12:30 US- Housing Starts/Permits
AA 14:00 US-Powell Testimony
Thu 19 July 2018
AA 1:30 AU- Employment
AA 08:30 GB- Retail Sales
A 14:30 US- EIA Crude
A 12:30 US- Weekly Jobless
Fri 20 Jun 2018
A 12:30 CA- CPI/Retail Sales


John M. Bland, MBA
co-founding Partner, Global-View.com


Global-View Affiliate Program

We are starting an affiliate program to market some of our products.

Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.

Put the word "affiliate" in the email subject line.

Contact us

Start trading with forex broker Markets Cube



Max McKegg's Daily Forex Trading Forecasts

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.


Request a TRIAL of Max's Forex Service.


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.

By using this website, you are agreeing to our Privacy Policy and Terms of Use, and Cookie Policy

Copyright ©1996-2014 Global-View. All Rights Reserved.
Hosting and Development by Blue 105