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Tuesday December 7, 2010 - 10:52:46 GMT
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Daily GVI Forex Forex View- USD Trading Mostly Lower

 

The Daily Forex View

Forex Analysis


USD Trading Mostly Lower

11:00 GMT (Global-View.com) Dec 7- No new actions have been taken by the EU Finance Ministers. They never make a decision unless they face a crisis. There certainly are ample potential crises waiting in the new year. The major news late Monday was an agreement between the U.S. administration and Congressional leaders not to allow Bush-era tax cuts to expire and to load some additional spending on top. The greatest opposition to this plan will come from the Presidents own party so we will have to see how this all plays out in terms of an actual economic stimulus. 

China has laid the ground work for a rate hike this coming weekend. The Reserve Bank of Australia kept rates steady as we had expected  and hinted at a steady policy well into 1Q11. The RBA does not meet in January.


Broad Trading Themes:

  • No EU Finance Minister Decisions on E-Z E-bonds Friday.
  • Obama and new Republicans agree to extend decade-old tax cuts and add more spending on top.
  • China rate hike coming.
  • Reserve Bank of Australia holds policy steady and signals steady rates for a while longer.

CALENDAR

UPCOMING DATA HIGHLIGHTS: North America: Canada - BOC Decision. U.S. 3-yr auction, API data.

Forex pairs vs 2-yr note spreads

 

  

Forex   #REF!     GBP vs. 10:13
EUR 1.3376 68 JPY 110.45 44 JPY 130.45 54
GBP 1.5799 83 GBP 84.66 -1 CHF 154.34 4
CHF 0.9769 -49 CHF 1.3067 1 CHF vs.    
JPY 82.57 -9       JPY 84.52 33

Some traders focus intently on the Japan vs. U.S. 2-yr note spread (only the U.S. 2-yr moves much).

COMMODITIES and Commodity Currencies


Click on Chart to Enlarge

  

Commodity         10:13
CAD 1.0018 -31 AUD 0.9953 55 Gold 1426 1.40
CNY 6.6465 -10 NZD 0.7652 41 WTI 89.55 0.28

EQUITIES & INTEREST RATES

Bonds are a counter to risk trades because risk investments must be financed. When the cost of money moves up (higher interest rates), the return and allure of risk trades such as equities falls. 

  

Equities           10:13
NIK 10141 -26 DAX 7019 65 DJIA 11362 -15
HSI 23428 190 FTSE 5822 52 S&P 1223 -1
SSEC 2876 19 SMI 6480 0 NAS 2595 -2
ASX 4727 38       TSE 13276 58

See ECONOMIC CALENDAR for a complete list of future forex market events and consensus data estimates. Go to the forex forum for up-to-date market developments and technical trading ideas.


John M. Bland is an author and co-founder and partner of Global-View.com. Prior to Global-View.com, he was a forex trader and a private-label forex analyst for a top Fed watching service in NYC. He has been a corporate forex advisor and also worked in international liability management for a major N.Y. money center bank. John holds an MBA from the University of California at Berkeley and a B.A. in International Economics from that school.


Important Notice

The information upon which Global Viewpoint, Inc. Bases its Forex analyses is obtained from sources it believes are reliable, but Global Viewpoint, Inc. Does not guarantee the accuracy, reliability, timeliness or completeness of any of the information, content, views, opinions, recommendations or services, contained on, distributed through, or linked, downloaded or accessed from any of the services contained on the Global-View site, and use of the information provided on this web site is at your sole risk. Global-View specifically represents that it does not give investment advice or advocate any purchase, sale or trade. 

Opinions expressed on the forum pages are not necessarily those of Global Viewpoint, Inc. In using the forums you should not assume that any messages provided have been reviewed by Global- Viewpoint, inc., or that such communications contain correct information, Global Viewpoint, Inc. Disclaims any warranty, whether express or implied including, without limitation, warranties of merchantability and fitness for a particular purpose, with respect to the service or any materials and products. None of the materials presented on our web site are to be regarded as investment advice. 

In no event shall Global Viewpoint, Inc. And other information providers, be liable for direct, indirect, incidental, punitive, or consequential damages of any kind whatsoever, with respect to the service, the materials and the products.

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Forex Trading News

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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."



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Trading Ideas for 18 December 2017

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Amazing Trader EVENT RISK Calendar:

Mon 18 Dec
10:00 EZ- final HICP
Tue 19 Dec
09:00 DE- IFO Survey
13:30 US- Housing Starts/Permits
13:30 US- Current Account
Wed 20 Dec
15:00 US- Existing Homes Sales
15:30 US- EIA Crude
Thu 21 Dec
03:00 JP- BOJ Decision
13:30 CA- CPI & Retail Sales
13:30 US Weely Jobless
13:30 US- GDP
Fri 22 Dec
09:30 US- GB- GDP
13:30 US- core PCE Deflator & Presonal Income
15:00 US- New Homes Sales
15:00 US- final University of Michigan
17:00 US- early Closes
Mon 25 Dec
00:00 Christmas Holidays

Forex Trading Outlook


Potential Trading Opportunities

  • POTENTIAL PRICE RISK: Medium Mon--10:00 GMT-- EZ- final November HICP. flash data are rarely changed.


  • POTENTIAL PRICE RISK: HIGH- Medium Tue --09:00 GMT-- DE- IFO Survey. Key report but usually not a market-mover
  • POTENTIAL PRICE RISK: HIGH- Medium- Tue --13:30 GMT-- US- Housing Starts and Permits. Leading indicators of activity

  • POTENTIAL PRICE RISK: HIGH-Medium- Wed --15:00-- US- Existing Homes Sales. Top Housing statistic
  • POTENTIAL PRICE RISK: Medium- Wed --15:30-- US- EIA Crude

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




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