User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday December 28, 2012 - 03:55:29 GMT
FX Thoughts for the Day -

Share This Story:
| | Email

Morning Briefing : 28-Dec-2012 -0352 GMT


Dow Jones (13096.31, -0.14%) recovered from the day’s low, as President Obama and the law makers will be continuing the talks on the “Cliff” today evening. While Dow stays below 13200 a dip to 12900-850 can still be seen. New home sales were slightly disappointing at 377K against expected of 382K.

All of A-Pac are in the green with Australia (4692, +0.65%), Hang Seng (22660.63, +0.18%) and Taiwan (7689, +0.52%). Asia does not seem to be much worried about the Cliff though the impact would be negative if no deal is reached.

Shanghai (2207.94, +0.09%) is in a positive mode/mood but has good resistance ahead at 2260 and also seems overbought on the daily charts. A corrective fall to 2150-30 is possible on a strong break below 2200.

Nikkei (10403, +0.77%) closed just below its 10350 resistance yesterday but has bounced back above this Resistance again today. Today’s closing will be very important as a weekly close above this resistance will confirm that the upside is still open for further rise.

Nifty (5870.10, -0.60%) had a volatile expiry as it corrected inside its 5950-850 range. The outlook remains positive for a rise of 6000+ in the coming weeks.

Oil continues its rise as it continues to look good, Gold has bounced but we need to wait for a conformation, Silver has not avoided a fall to 29 yet and Copper can see a rise to 3.70

Nymex Crude (91.29, +0.46%) has risen further as expected and is targeting 94-95 in the near/medium term and can go further up as well. It has some resistance near 92-93 levels but is likely to be broken.

Brent (110.97, +0.15%) is close to its 111-12 resistance on the break of which a further rise towards 122 can be seen.

Gold (1664.30, +0.04%) has bounced from 1650 support on the weekly charts we need to wait for a conformation of this rise. The down trend might get over here if a strong rise is seen from current levels.

Silver (30.30, +0.20%) is moving sideways from the past few days but looks likely to dip to 29.00. The bigger 35.50-26 range continues to hold.

Copper (3.62, +0.53%) has bounced from its support on the 3-day and the weekly charts and can continue this rally to 3.

Yen remains weak on stimulus speculation while the other currencies looks to broadly ranged but with a sligth bearish bias against the Dollar in the near term as the market is bit cautious on the US fiscal cliff. The Dollar-Index (79.68) remains flat with chances of seeing 80.00-20 on the upside in the near term.

The Euro (1.3241) is continuing to get Resistance near 1.3300 and could be ranged between 1.3150 and 1.3300. Dollar-Yen (86.38) has met our first target of 86.50 and remains strong to test our second target of 87.20 as well. The Euro-Yen Cross (114.39) remains strong and is heading towards our upside target of 115.

Dollar-Swiss (0.9130) is continuing to get Support from 0.9100-9085 Support region and cna remain ranged between 0.9085 and 0.9180. The Pound (1.6109) failed to rise past 1.6200 yesterday and looks weak for a test of 1.6000 on the downside. Aussie (1.0372) is absolutely flat in between 1.0345 and 1.0390 now and the immediate outlook is not clear.

In, Asia, the USD-SGD (1.2230) remains above 1.2200 and can rise to 1.2300 while above 1.2200. Dollar-Rupee (54.93/94) has bounced back yesterday and could be ranged between 54.50 and 55.25 in the near term.

The Spanish 10Yr yield has moved up slightly by 2bps to 5.28% while the German 10yr yield has come down 6bps to 1.32%. This has pushed up Spain-German yiled spread by 8bps to 3.96%. The spread has immediate Resistance at 4% which needs to be watched. A rise above 4% can take it up towards 4.25% which is a strong Resistance on the upside. A further rise above 4.25% is not looking likely. In the bigger picture we expect the spread to fall to 3.50% and may be even lower.

The US 10Yr yield has come down by 3bps to quote at 1.74%. As we have been mentioning for some time, the 10yr yield could remain ranged between 1.60% and 1.90% in the coming days and it looks like the yield is now turning down towards the lower end of this range.

23:15 GMT or 5:45 IST PMI JP
...Previous 46.5

23:30 GMT or 6:00 IST JP Unemp
...Previous 4.2%


US Cons Conf
...Actual 65.1 ...Previous 71.5

Nov US New Home Sales
...Actual 377K ...Previous 361K




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.

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

Mon 15 Oct 2018
AA 12:30 US- Retail Sales
Tue 16 Oct 2018
AA 08:30 GB- Employment
A 09:00 DE- ZEW Survey
A 13:15 US- Industrial Production
Wed 17 Oct 2018
AA 08:30 GB- CPI
A 09:00 EZ- Final HICP
A 12:30 US- Housing Starts/Permits
A 14:00 US- Existing Homes Sales
A 14:30 US- EIA Crude
AA 18:00 US- Fed Policy Minutes
Thu 18 Oct 2018
A 1:30 AU- Employment
AA 08:30 GB- Retail Sales
A 12:30 US- Weekly Jobless
Fri 19 OCt 2018
AA 12:30 CA- CPI/ Retail Sales

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