User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday March 5, 2013 - 03:38:36 GMT
FX Thoughts for the Day -

Share This Story:
| | Email

Morning Briefing : 05-Mar-2013 -0336 GMT


Dow Jones (14127.82, +0.27%) ended slightly higher; it still is at the resistance near 14150 on the monthly charts. We would like to see a strong/confirm break to become bullish. We need to wait and watch for some time.

A-Pac is trading in the green with Australia (5099.70, +1.42%), Hang Seng (22569.32, +0.14%) and Taiwan (7906, +0.50%)

Shanghai (2290.33, +0.74%) is trading higher after a bad day yesterday. Further lower levels of 2200 cannot be ruled out in the index. It is experiencing some correction. China aims at 7.5% growth in 2013 with increased fiscal spending.

Nikkei (11739.12, +0.75%) is trading higher with trend support near 11500 levels a further rise towards 12000 can be seen in the coming sessions.

Nifty (5698.50, -0.37%) was lower yesterday but recovered from its lows. Some short covering can be seen towards 5750-800 in the markets now. The bigger trend still seems bearish.

Oil and Gold can see some short covering. Silver has over head resistance while Copper is at the support.

Nymex Crude (90.43, +0.34%) seems to have taken support near 90-89. Some short covering towards 92-93 cannot be ruled out where it is likely to find sellers again.

Brent (110.58, +0.45%) is also at the support and can see a small bounce/short covering. We need to see how far it will go. A break below 110-09 will be very bearish for a further fall towards 105.00.

Gold (1577, +0.29%) is under pressure but a small bounce towards 1585-1600 cannot be ruled out. The trend has been bearish for Gold and a further fall towards 1545 can be seen post the short covering rally.

Silver (28.65, +0.54%) is slightly higher today but the trend is down and a further down side towards 26.50 can be seen. Resistance is seen near 29.00 on the weekly charts.

Copper (3.52, +0.69%) is just above its 3.50 support on the weekly charts. A break will take it lower towards 3.30. An initial bounce from 3.50 cannot be ruled out.

Relatively good bounces have been seen in the Aussie (1.0199) and the Pound (1.5121) yesterday. The Aussie bounced from trendline Support on the Monthly chart. The Pound has bounced, perhaps on short-covering before the BOE Meeting on Thursday. There is hope for some more QE in the UK given that economic data has been bad. Both currencies can rise a bit more to test Resistances near 1.0250 and 1.5150 respectively. A rise past 1.5150 could be quite bullish for the Pound.

The Euro (1.3027) has also managed to climb back above 1.30, but faces an important Resistance at 1.3050. The EU Retail Sales data will be important today. An improvement there, after continuous fall over the last several months, would be welcomed by all. Take a look at

Dollar-Yen (93.35) was relatively quiet yesterday and we expect to see sideways consolidation between 92-94 for the next several days. A small upward bias may be there immediately. The Euro-Yen (121.62) was also quiet. There are equal chances of a fresh rise towards 123.40 as of a fall towards 120.40. Perhaps today's EU Retail Sales data will move the market.

The USD-SGD (1.2445) has come off a bit from yesterday's high near 1.2486 but could move up further while above 1.2400. The USD-BRL (1.9790) trades below the important 8-week MA at 1.9900.

All the above put together suggests that Dollar-Rupee (54.8650) could dip towards 54.60 today.

The Italian 10-Yr (4.88%) has moved up further, but the Spain 10-Yr (5.09%) has dipped a bit. So it seems that the markets are making a distinction between the two countries.

The Spain-Germany 10-Yr (3.67%) has been coming off from the the high of 3.92% seen on 26-Feb and has chances of dipping further towards 3.50%. That should be good for the Euro, as it is a little too Oversold compared to the Spain-Germany Spread.

The Australian rate decision is due at 9.00 AM today. The current rate is 3% and the market does not expect any change. The Bank of Canada meeting is due tomorrow, with rates expected to be unchanged at 1.0%. The important BOE and ECB meetings are on Thursday. There is some talk of QE by the BOE and a signal for a rate cut by the ECB.

The US 10-Yr (1.87%) has moved up 2bp from 1.85% earlier, while the 30-Yr (3.09%) has moved up 4 bp. The Yield Curve is steeper, as expected, and could steepen a little more in coming days.

In India, the 3-mth Mibor (9.36%) has risen strongly over the last few weeks. However, the 3-mth MIFOR (8.04%) is dipping a bit, down from levels near 8.4% earlier.

2:30 or 9:00 RBA Meeting
...Expected 3.00 % ...Previous 3.00%

9:00 or 15:30 EU Retail Sales
...Expected 0.30% ...Previous -0.82 %

No major data release yesterday.


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