User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday February 22, 2013 - 03:38:01 GMT
FX Thoughts for the Day -

Share This Story:
| | Email

Morning Briefing : 22-Feb-2013 -0336 GMT


Dow Jones (13880.62, -0.34%) dipped further lower in the 13850-14050 range. 13800 will be key support to be watched, which if broken can take Dow lower towards 13150-100 levels. It is time to be cautious. Existing home sales came at 4.92Mln against expected of 4.89Mln.

A-Pac is trading mixed with Australia (5049.30, +1.01%), Hang Seng (22808.46, -0.43%) and Taiwan (7923, -0.43%).

Shanghai (2321.22, -0.20%) fell sharply yesterday and the way it has fallen there are good chances that a break of 2300 can be seen in the next week. Further dip to 2255-50 then becomes likely.

Nikkei (11191.64, -1.04%) has dipped in its 11000-500 range. Both the index and the Dollar-Yen are ranged.

Nifty (5852.25, -1.53%) had a Bad day as it saw a strong Sell off. It seems to be targeting 5750 in the coming days. If we do go down to these levels and the Dollar-Rupee rises the only hiding place in the stocks is likely to be the IT space.

Commodities have weakened. Nymex and Brent both can see further losses; Gold, Silver and Copper can all dip in the coming days.

Nymex Crude (93.22, +0.41%) dipped further and is likely to see a further slide towards 90.00 in the coming days. Levels of 84 on the break of 90.00 also cannot be ruled out.

Brent (114.13, +0.53%) is likely to dip towards 111.00 in the near term. If 111.00 is broken then a further cut towards 102.00 also becomes a possibility.

Gold (1581, +0.16%) was up just a bit yesterday but the near/medium term trend remains down and a further dip towards 1515-00 is on the cards.

Silver (28.78, +0.30%) is at the support on the weekly charts but the long term 27-35 range is still in place and a dip to 27.00 can now be seen.

Copper (3.57, +0.72%) in the near term has support near 3.50-45, a break of this support if seen will push it further lower towards 3.30 and 3.15.

The Dollar Index (81.36) has registered a solid gain over the last three weeks, especially this week, breaking above 80.70. But, while the downtrend has been broken, there can be chances of wide sideways range trade.

The Euro (1.3197) remains weak, but found Support at 1.3161. A rise past 1.3225, if seen, would be supportive. The really crucial Support to watch is 1.3115-05. Dollar-Yen (93.15) came down to as much as 92.77 yesterday, likely pulled down by the Euro-Yen (122.90), which itself fell to 122.25. How the Euro-Yen does is going to be crucial. The Support to watch now is 121.85. In case it breaks, we can see a decline towards 119.

There's a lot of Eurozone data out today, including German GDP, IFO and Euro CPI. So, a lot of action is likely to take place.

The Pound (1.5250) has bounced sharply from yesterday's low of 1.5131. While a short-covering rally to 1.5375 could be seen, the longer term trend is quite bearish now. The Aussie (1.0305) fell to 1.0221, but has bounced from there. The outlook is unclear now for the next few days at least.

Dollar-Swiss (0.9293) rose to 0.9333 yesterday, but has come off slightly from there. The EURCHF Cross (1.2271) has also come off sharply over the last three days. It was looking bullish earlier in the week.

Dollar-Rupee closed near 54.4750 yesterday. It can be expected to follow the Euro during the day. A rise to 54.75-55.00 cannot be ruled out.



The Spain-Germany 10-Yr (3.63%) has gone up a bit instead of coming down towards 3.40%. The Spain 10-Yr is steady near 5.2%.The Italian 10-Yr (4.5%) is looking up, targeting 4.62%. This is not very good news. The Italian elections will be closely watched.

The US 10-Yr (1.98%) has fallen back below 2.0%, even though the core CPI showed a solid rise of 0.31% MoM and the Existing Home Sales rose to 4.92 mln against expectation of 4.89-4.91 Mln. The Fed might have debated the QE and the market may have got spooked, but it seems unlikely that the Fed will step back from it.


12:30 GMT or 19:00 IST CA Inflation Y/Y
...Expected 0.70 % ...Previous 0.8 %

8:00 GMT or 14:30 IST GER IFO Business Climate
...Expected 105.00 ...Previous 104.20

8:00 GMT or 14:30 IST GER IFO Business Situations
...Expected 108.50 ...Previous 108.00

8:00 GMT or 14:30 IST GER IFO Business Expectations
...Expected 101.30 ...Previous 100.50


US Core CPI (MoM)
...Actual 0.31 % ...Previous 0.12 %

US Philifed Index
...Actual -12.5 ...Previous -5.80

US Existing Home Sales
...Actual 4.92 Mln ...Previous 4.90 Mln


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 3 Dec 2018
A All Day Final Mfg PMIs
Tue 4 Dec 2018
A 04:30 AU- Reserve Bank Decision
Wed 5 Dec 2018
A All Day Final SVC PMIs
A 04:30 AU- CPI
A 13:15 US- ADP Jobs
A 13:30 US- Productivity
A 15:00 CA- Bank Of Canada Decision
A 15:30 US- EIA Crude
B 19:00 US- Beige Book
Thu 6 Dec 2018
AA 12:45 EZ- ECB Decision
AA 13:30 US/CA- Trade
A 13:30 US- Weekly Jobless
Fri 7 Dec 2018
A 10:00 EZ- GDP
AA 13:30 US/CA- Employment
A 15:00 US- Final Univ of Michigan

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