User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday May 14, 2013 - 03:50:55 GMT
FX Thoughts for the Day - www.fxthoughts.com

Share This Story:
| | Email

Morning Briefing : 14-May-2013 -0346 GMT

GOOD MORNING!


EQUITIES
The Equity markets after having seen such huge run up may go in to a phase of consolidation in the next few days. Thus we expect the markets to stay ranged and a correction may not be ruled out.

Dow Jones (15091.70, -26.81, -0.18%) after having seen a relentless rally, chose to spend the day in consolidation. We expect a few days of quiet trading action in the Dow and a small dip to 14800 may be expected.

Dax (8279.29, +0.70, +0.01%) was marinally up in trade yesterday. The Dax too like the Dow consolidated most part of yesterday and may continue to stay ranged in coming days.We view a sideways move raned between 8100-8300 can be a likely scenario going forward.

Nikkei (14804.00, +21.81, +0.15%) is flat in trade and is currently trading 20 odd points higher. Although we feel the Nikei can move up, with supports much lower at 14200, we advise a bit of caution.

Shanghai (2225.82, -15.99, -0.71%) is down close to 0.7% in trade today. The Shanghai Composite is trading close to a shorter term support around 2225. If this level holds we can see the index trade back in the range of 2225-2250 otherwise we may see the index slip to 2190.

Nifty (5980.45, -126.80, -2.08%) plunged around 2% in trade yesterday due to profit taking after the recent rally. There is an intermediate support around 5875-5910 which may get tested.

 


COMMODITIES
Most of the global commodities are yet to establish a decisive trend except Copper. Till then we can expect the commodity universe to trade choppy.

Gold (1,441.20) has seen a small bounce back from the supports around 1425. With the overall trend still down in Gold, we expect it to trade between 1410-1460, witha downward bias.

Brent (102.95) is trading below 103. We may see Brent dip to 101 where it may see some buying come back. So a move between 101-103 should likely hold.

Silver (23.72) has broken below 23.80 on weakness in global commodities. Silver is expected to trade lower and target 23. Resistances come in at 24.

Copper (3.3415) is trading within the range of 3.25-3.45 for some time now and we expect this range top hold going forward.

 

CURRENCIES
The Euro (1.3014) after having broken below the 200 day moving average around 1.299 has bounced back and is currently holding above it. Now the Euro may see a move to 1.3050. Failure to breach past this area may push it down to 1.29.

Dollar-Swiss (0.9530) has retreated a bit in trade after the recent rally. As the Euro (1.3010) may see a few days of upmove, the Dollar-Swiss is likely to stay soft in a range between 0.9490-09570.

Dollar-Yen (101.57) is holding above 101 in trade. We expect the mood of the USD-JPY to stay upbeat. Supports can come in at 100 and upside targets have opened up to 103. However if Equity markets see some retracement going forward we may see the Yen strengthen to 100.

The Euro-Yen (132.18) like the Dollar-Yen may also target 134 in medium term with support around 130. However it too may see a dip if Equity markets correct a bit in the shorter term.

The Pound (1.5316) has moved lower and may see weakness going forward. However if the Euro sees a move to 1.3050,then the Pound might see a small upmove in the Pound to 1.54. But a breach below 1.53 can take it down to 1.52.

The Aussie (0.9976) is trading below 1.00. The Aussie has turned bearish and any up move will be sold into. A trading band between 0.995-1.005 with chances of a move to 0.995 looks more likely.

The Singapore Dollar (1.2388) is likely to trade between 1.2375-1.24 in coming days.

Dollar-Rupee (54.73) has closed lower yesterday after making a high of 55.00. We expect to see the Dollar-Rupee trade between 54.50-54.90. With the Euro having found support around 1.299 we have to see what the Euro does form here. If the Euro is able to move above 1.3050 we may see the Dollar-Rupee move to 54.50, otherwise a move to 55.00 cannot be ruled out.

INTEREST RATES
The Indian-10yr (7.59%) is trading flat today.

The USA-10-Yr (1.91, -0.72%) is lower today after having rallied most of last week.

DATA TODAY
10:00 GMT or 15:30 IST EU IND Prodn (MoM)
...Expected 0.40 % ...Previous 0.51%

10:00 GMT or 15:30 IST EU IND Prodn (YoY)
...Expected -2.20 % ...Previous-2.65% -

GMT or 5:30 IST IN WPI
...Previous 5.96 %

 

DATA YESTERDAY
US Retail Sales
...Actual 0.00 % ...Previous -0.57 %


Ind Trade Bal
...Actual-17.79$Bln ...Previous -14.92 $Bln


 

 

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 20 November 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:


Mon 20 Nov
14:00 EZ- Draghi Speech
15:00 US- Leading Indicators
Tue 21 Nov
15:00 US- Existing Homes Sales
23:00 US- Yellen Speech
Wed 22 Nov
13:30 US- Weekly Jobless
13:30 US- Durable Goods
15:00 US- final University of Michigan Survey
15:30 US- EIA Crude
19:00 US- FOMC Minutes
Thu 23 Nov
US/JP- Holiday
All Day flash PMIs
13:30 CA- Retail Sales
Fri 24 Nov
All Day flash PMIs
09:00 DE- IFO Survey
US- Early Closes

Forex Trading Outlook


Potential Trading Opportunities


  • POTENTIAL PRICE RISK: HIGH Mon -- 14:00 GMT EZ- Draghi speaks in Brussels. Looking for any policy hints or bias


  • POTENTIAL PRICE RISK: HIGH Tue -- 13:30 GMT US- Existing Homes Sales. Top Housing Statistic

  • POTENTIAL PRICE RISK: HIGH Tue -- 23:30 GMT US- Yellen Speech. Early evening. Looking for anything on policy


  • POTENTIAL PRICE RISK: Medium Wed -- 13:30 GMT US- Weekly Jobless, Durable Goods
  • POTENTIAL PRICE RISK: Medium Wed -- 15:00 GMT US- final University of Michigan Survey
  • POTENTIAL PRICE RISK: Medium Wed -- 15:30 GMT US- EIA Crude
  • POTENTIAL PRICE RISK: HIGH Wed -- 19:00 GMT US- FOMC Policy Minutes. Key policy release


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