User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday February 27, 2013 - 03:37:07 GMT
FX Thoughts for the Day - www.fxthoughts.com

Share This Story:
| | Email

Morning Briefing : 27-Feb-2013 -0334 GMT

GOOD MORNING!


EQUITIES
Dow Jones (13900.13, +0.84%) was up after better than expected New Home sales data which stood at 437K against expected of 381K. Also Ben Bernanke’s being supportive of the bond buying program has helped the index rise.

A-Pac is mostly in the green with Australia (5051, +0.58%), Hang Seng (22624, +0.46%) and Taiwan (7887, +0.09%).

Shanghai (2298.50, +0.23%) is slightly higher today after breaking 2300. A further down side towards 2250 and 2200 cannot be ruled out after this short covering rally gets done with.

Nikkei (11310, -0.78%) is trading lower in the 11000-500 range. A break below 11000 if seen will be bearish in the near/medium term which could trigger some corrective rally for the index.

Nifty (5761.35, -1.60%) was sharply lower, we have been mentioning a dip to 5750. Now after a sharp fall yesterday we can see some short covering/pull back towards 5800. A further down side towards 5600 can also be seen on a break below 5750. But first a short covering rally is likely.


COMMODITIES
Nymex is hanging on to its support while Brent has made up its mind to dip further. Gold, Silver and Copper are experiencing a short covering rally which can take them higher to their immediate resistances.

Nymex Crude (92.85, +0.24%) is facing resistance near 93.00 levels and a further dip towards 90.00 seems likely now. It does have some support near 92 levels but it can break that.

Brent (112.95, +0.21%) is headed towards 111-10 in the near term. And then further lower levels of 104.00 cannot be ruled out on the break of 110.00.

Gold (1611.70, -0.24%) is witnessing a corrective pull back which can take Gold all the way towards 1650. A turn down from 1650 can then weaken it towards 1515-00. Gold still does not look a buy.

Silver (29.24, -0.05%) is also experiencing some short covering which can take it towards 30.00 from where it can dip towards 26.00 again.

Copper (3.57, +0.15%) has bounced from its support of 3.50. While 3.50 hold a short covering rise towards 3.70 is possible. The trend is bearish and for it to be reversed it needs to break 3.70 strongly. Rather we would be looking for Copper to turn down again from 3.70 to break 3.50 for a move towards 3.30.


CURRENCIES
Despite the better US economic data, the Dollar Index (81.85) continues to trade strong. The Euro (1.3047) has fallen again, weighed down by the Italian election results. It could weaken further on failure to hold above 1.31 in the US session.

Dollar-Yen (91.79) is consolidating near the 8-week MA and could fall further on a break below 91.50. The Euro-Yen Cross (119.88) has a crucial Support in the 118.90-20, which needs to hold to prevent further carnage for the Euro.

The Pound (1.5115) has come off a bit again from the 1.5215 region and could begin a fresh decline in case it breaks below 1.5085. The longterm outlook is bearish. Dollar-Swiss (0.9330) has not risen as much as the Euro has fallen because the EURCHF (1.2175) has fallen sharply from 1.2350 over the last few days. But, the Swiss Franc could weaken further in case of a further decline in the Euro. The Aussie (1.0214) continues to push lower and can target 1.0130 in the coming days.

Dollar-Rupee closed near 54.09 yesterday, but could rise towards 54.20-30 again on the fresh weakness in the Euro. The Singapore Dollar is ranging sideways betwen 1.2350-2425, with a crucial Resistance at 1.2420. The Brazilan Real (1.9822) has started weakening again after gaining to 1.9357 over Jan-Feb. This could have a negative impact on the Rupee.


INTEREST RATES
The Italian elections have turned the European bond markets around again. The Italian 10-Yr (4.9%) has risen sharply and threatens to rise towards 5.25% also. The Spain-Germany 10-Yr Spread (3.92%) has also risen sharply, but can find some Resistance near 4.0%. The market will be watching whether Italy will be forced to go in for a re-election or not.

US yields have come off a decent bit over the last few days, as a setback to the upside potential. The earlier FOMC minutes confusion and now the Italian elections have brought the 10-Yr (1.88%) down the 2.02% region. Some more dip could be seen across the Curve over the coming days.

Japan seems agreed on Haruhiko Kuroda as BOJ governor. A looser monetary policy is now being taken as inevitable. The Yen yields have dropped a goodish bit in the last few weeks and could push lower. German yields too have been falling through February, with the 5-Yr down from 0.8106 to 0.45%. Further dip to 0.30% is possible.


DATA TODAY
8:30 GMT or 15:00 IST UK GDP
...Expected -0.30 ...Previous -0.30

9:00 GMT or 15:30 IST EU Biz Climate
...Expected 89.70 ...Previous 89.20

12:30 GMT or 19:00 IST US Durable Goods Orders
...Expected -4.10 % ...Previous 4.55 %

 


DATA YESTERDAY
US Case Schiller
...Actual 6.88 % ...Previous 5.48 %

US New Home Sales
...Actual 437K ...Previous 378 K

US Cons Conf
...Actual 69.6 ...Previous 58.4

 

 

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.


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.

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