User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday December 3, 2010 - 03:45:43 GMT
FX Thoughts for the Day -

Share This Story:
| | Email

Morning Briefing : 03-Dec-2010 -0343 GMT


Santa Claus in coming to Town and he is definately not dissapointing the bulls. US markets clocked another 1 percent upmove with Dow (11,362) up 0.95% and S&P 500 (1222) up 1.28%. Sentiment continues to improve in peripheral markets of Europe with yield differential with German Bund declining and economic data continuing to suggest some improvement in the core economies of the developed world. Yesterday ECB did not apply a "bazooka approach" but, as the market hoped, but did decide to prolong its liquidity injection facilities as long as necessary. But the statistics which was most promising was the 10.4% jump in pending homes sales in US. With Housing affordability at a record high and with the labour market stabilising, US consumer is stepping on the gas. Tonight we have the US NFP data, concensus is calling for a 1.50-1.60K rise. Though 200k plus jobs need to be added to cause a meaningful dent in the jobless rate but even a 100K plus figure now can be encouraging development. Dow is well supported around 11,200 and resistance is expected around 11,480-500.

After a sizable rally over last two days, lackluster trading is seen in Asia today. Hangseng is trading at 23,496 (up 0.20%), Nikkei is at 10,182 (up 0.14%), Shanghai (2960) showing an odd down tick with 0.67% cut and Kospi (1950) is up 0.02%. Yesterday, Nifty rallied 0.85% to close at 6011. Nifty faces strong resistance between 6020-30 and then around 6050. Support for Nifty is around 6000 and then between 5950-70.

Crude (87.73) has risen further and is retaining its strength. The weaker dollar supported the price rise yesterday. With immediate Support at 86, the overall outlook remains bullish for a rise towards 90-95 in the coming days/weeks.

Gold (1391.10) is ranged between 1380 and 1400 over the last couple of days. 1385-80 is a very important Resistance-turned-Support region to watch for. While above this Resitance region we might expect a strong break and rise above 1400 towards 1450-70 in the coming days/weeks. On the other hand a break below 1380 might see 1350-40 on the downside. Although we have a bullish bias, we need to be little cautious as the immediate outlook is not clear.

The Euro (1.3197) saw some erratic up-down movement after the ECB meeting on confusion whether or not the ECB would continue to provide liquidity and buy bonds. It gained to 1.3247 when it was seen that the ECB was going to be there to support the European bond markets. Important Resistance at 1.3250 today.

Dollar-Yen (83.70) has been seeing sharp up-down movements between 83.40-84.40 over the last couple of days. The Pound has been consolidating sideways between 1.5500-5675. Dollar-Swiss (0.9947) has seen a large fall yesterday to a low of 0.9887 on better than expected Q3 GDP data (+0.7% agst +0.5% expected, QoQ, not annualised). Take a look at

The Aussie (0.9752) has seen very good gains, on the pickup in "risk appetite". Overall, the Dollar Index (80.28) has dipped on profit-taking in the initial days of December, after having posted strong gains in November. It has a 100-day Moving Average Support at 80.12 today. Markets may prefer to be quiet today ahead of the important USD NFP data tonight, which is expected to post a gain of 146K, a tad lower than last month's 151K. Take a look at

We had been watching support at 1.7045 on USD-BRL, but that has broken. The Real is trading strong at 1.7015 and might see further gains in case the USDBRL falls below 1.7000. Dollar-Won (1145-1151) is looking consolidative. Dollar-Sing (1.3092) has fallen over the last couple of days, but may find Support at 1.3035 today. Dollar-Rupee had closed at 45.28 yesterday. It can fall to 45.05 today.

The 3M USD LIBOR was unchanged at 0.30%. The 2Y yields were down 1 bps to quote at 0.53% and the 10Y yields were up 2 bps to quote at 2.98%. The 10Y treasuries yielded the highest in 4 months ahead of the crucial NFP report due later today. Markets are optimistic about the report.

The debt-heavy EU countries (Greece and Portugal) are facing fresh worries over warning of further downgrade for some of their bonds. The ECB has kept its lending rates unchanged at 1% yesterday.

10:00 GMT EU Retail Sales
...Expected 0.4%...Previous -0.2%

13:30 GMT Nov US NFP
...Expected 146K...Previous 151K

12:00 GMT Oct CA Labour Force
...Expected 17.9K...Previous 3.0K

Oct Australia Trade Balance
...Actual A$ 2.63 Bln...Previous A$ 1.81 Bln

CH GDP QoQ (Q3'10)
...Actual 0.7%...Previous 0.8%

EU GDP Q3 '10 First
...Actual 0.4%...PRevious 0.4%

E-15 ECB Announcement
...Actual 1.00%...Previous 1.00



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

Mon 10 Sep 2018
AA 08:30 GB- GDP, Trade, Output
Tue 11 Sep 2018
AA 08:30 GB- Employment Decision
A 09:00 DE- ZEW Survey
Wed 12 Sep 2018
A 12:30 US- PPI
A 14:30 US- EIA Crude
A 18:00 US- Beige Book
Thu 13 Sep 2018
A 1:30 AU- Employment
AA 11:00 GB- Bank of England Decision
AA 11:45 EZ- European Central Bank Decision
A 12:30 US- Weekly Jobless
AA 12:30 US- CPI
Fri 14 Sep 2018
A 08:30 GB- GDP
AA 12:30 US- Retail Sales
A 13:15 US- Industrial Production
AA 14:00 US- prelim University of Michigan

John M. Bland, MBA
co-founding Partner,

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.


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

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 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 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.



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