User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday May 12, 2005 - 05:32:29 GMT
AceTrader - www.acetrader.com

Share This Story:
| | Email

USD/JPY Daily Outlook

USD/JPY - 105.88
Update Time : 01:05GMT

Despite yesterday's brief but sharp retreat to 104.85 due to rumors (denied by Chinese officials) on China would revalue the yuan, subsequent strong rally after the narrower-than-expected U.S. trade deficit suggests recent upmove from 104.20 has resumed to retrace decline from 108.90 and further subsequent gain is envisaged, however, over-bought condition should cap price below 106.41 res today.

On the downside, only a breach of 104.85 would signal aforesaid corrective rise has ended and yield further choppy consolidation.
Yesterday's Recommended Trades
DAILY GBP/USD OUTLOOK - +1.8700+
Update Time : 2005/05/11 18:55:00GMT

Cable's present resumption of recent erratic de-
cline fm 1.9220 suggests marginal weakness twds 1.
8695/00 wud be seen, however, loss of downward mo-
mentum shud prevent steep fall n sup at 1.8671 shud
remain intact n bring rebound later.

Sell on recovery n exit on such move, stop +1.87
40+ but abv 1.8855/60 needed to confirm low is made

Rate : +1.8700+

Strategy : +Target met+
Position : +Short at 1.8765+
Objective : 1.8700
Stop-Loss :

Resistance : 1.8801/1.8868/1.8915
Support : 1.8671/1.8595/1.8550


INTRA-DAY USD/CHF OUTLOOK - +1.2090+
Update Time : 2005/05/11 13:13:00GMT

Dlr's current rally signals pullback fm 1.2098
has ended at 1.1960 n consolidation is seen with up
side bias, abv 1.2069 wud confirm recent upmove has
resumed for re-test of said res lvl later, then twd
1.2115/20.

Buy with stop as indicated, break wud risk an-
other fall to 1.1960...

Rate : +1.2090+

Strategy : +Target met+
Position : +Long at 1.2042+
Objective : 1.2090
Stop-Loss :

Resistance : 1.2098/1.2121/1.2142
Support : 1.2023/1.1960/1.1937


INTRA-DAY EUR/USD OUTLOOK - +1.2805+
Update Time : 2005/05/11 12:50:00GMT

As euro has fallen after narrower-than-expected
U.S. trade deficit, suggesting corrective rise fm
1.2789 has ended earlier at 1.2915 n downside bias
is seen for weakness to 1.2805 but below needed to
signal recent fall has resumed, 1.2789.

Sell at market with stop as indicated, abv wud
prolong sideways trading n risk 1.2890/95...

Rate : +1.2805+

Strategy : +Target met+
Position : Short at 1.2840
Objective : 1.2805
Stop-Loss :

Resistance : 1.2858/1.2915/1.2926
Support : 1.2816/1.2789/1.2766


INTRA-DAY GBP/USD OUTLOOK - +1.8885+
Update Time : 2005/05/11 08:24:00GMT

Despite cable's retreat after marginal rise to
1.8869, as long as 1.8830/35 holds, bullishness re-
mains for y'day's upmove fm 1.8763 to retrace re-
cent decline to extend to 1.8885, however, nr term
o/bot condition wud limit upside to 1.8911.

Buy again on dips, stop as indicated, only be-
low 1.8807 wud signal intra-day top is made, 1.8780

Rate : +1.8885+

Strategy : +Target met+
Position : +Long at 1.8850+
Objective : +1.8885+
Stop-Loss :

Resistance : 1.8885/1.8911/1.8955
Support : 1.8807/1.8763/1.8714


INTRA-DAY EUR/USD OUTLOOK - +1.2900+
Update Time : 2005/05/11 08:24:00GMT

As euro has risen after meeting renewed buying
abv 1.2861, suggesting upmove fm 1.2789 to retrace
recent decline has resumed for gain to 1.2900/05,
however, o/bot condition is likely to limit upside
to 1.2926 (prev. sup) n bring retreat later.

Trade fm long side, stop as indicated, below
wud signal intra-day top is made n risk 1.2845...

Rate : +1.2900+

Strategy : +Target met+
Position : Long at 1.2867
Objective : 1.2900
Stop-Loss :

Resistance : 1.2895/1.2926/1.2968
Support : 1.2861/1.2816/1.2789


INTRA-DAY USD/CHF OUTLOOK - +1.1975+
Update Time : 2005/05/11 08:21:00GMT

As dlr has fallen after meeting renewed selling
at 1.2023 in part due to active cross trading in
chf, suggesting decline fm this week's high at 1.20
98 wud extend weakness to 1.1970/75 but reckon sup
at 1.1937 wud hold due to nr term o/sold condition.

Trade fm short side, +stop as indicated, abv
1.2023 signals intra-day low is in place, 1.2040..+

Rate : +1.1975+

Strategy : +Target met+
Position : Short at 1.2015
Objective : 1.1975
Stop-Loss :

Resistance : 1.2023/1.2069/1.2098
Support : 1.1937/1.1916/1.1878


INTRA-DAY AUD/USD OUTLOOK - +0.7785+
Update Time : 2005/05/11 07:50:00GMT

As aussie has risen after brief retreat to 0.77
53, suggesting consolidation with upside bias is
seen for gain to 0.7785, however, abv 0.7797 needed
to signal correction fm 0.7842 has ended earlier at
0.7711 n yield subsequent gain twd 0.7805/10.

Trade fm long side, stop as indicated, only be-
low 0.7753 wud prolong sideways trading, 0.7723...

Rate : +0.7785+

Strategy : +Target met+
Position : Long at 0.7755
Objective : 0.7785
Stop-Loss :

Resistance : 0.7797/0.7828/0.7842
Support : 0.7753/0.7722/0.7711


INTRA-DAY GBP/USD OUTLOOK - +1.8855+
Update Time : 2005/05/11 06:59:00GMT

As cable has rebounded after meeting renewed buy
ing abv Asian low 1.8807, suggesting consolidation
with upside bias is seen for gain to 1.8850/55, how
ever, abv is needed to signal upmove fm y'day's low
1.8763 to retrace recent fall has resumed, 1.8885.

Buy again on dips, stop as indicated, below wud
risk weakness to 1.8785/90 but 1.8763 sup wud hold.

Rate : +1.8855+

Strategy : +Target met+
Position : +Long at 1.8820+
Objective : 1.8855
Stop-Loss :

Resistance : 1.8885/1.8911/1.8955
Support : 1.8807/1.8763/1.8714


INTRA-DAY EUR/CHF CROSS OUTLOOK - +1.5450+
Update Time : 2005/05/11 06:36:00GMT

Despite euro's brief recovery after y'day's
breach of 1.5462, as long as 1.5470/74 holds, intra
-day downside bias remains for nr term fall fm 1.55
00 to retrace upmove fm 1.5355 to extend to 1.5445/
50 but 1.5425 sup shud hold n yield rebound later.

For st trade, hold short with stop as indicated.
Abv 1.5489 signals correction has ended, 1.5510/15.

Rate : +1.5450+

Strategy : +Target met+
Position : Short at 1.5483
Objective : 1.5450
Stop-Loss :

Resistance : 1.5489/1.5500/1.5540
Support : 1.5442/1.5425/1.5403









DISCLAIMER
Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.


 

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."



Elevate Your Trading With The Amazing Trader!

The Amazing Trader includes:
  • Actionable trading levels delivered to YOUR charts in real-time.
  • Live trading strategy sessions.
  • Market Updates with Trading Tools.

Register To Test Your Amazing Trader


Trading Ideas for 15 December 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:

Thu 14 Dec
23:50 JP- Tankan Survey

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: HIGH-Medium- Thu --23:50-- JP- Tankan Survey
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




TRADER ADVOCACY ARTICLES

Trader's Advocate Articles..

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.

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