User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday July 4, 2013 - 03:36:15 GMT
FX Thoughts for the Day - www.fxthoughts.com

Share This Story:
| | Email

Morning Briefing : 04-Jul-2013 -0333 GMT

GOOD MORNING!


EQUITIES
Dow (14988.55, +56.14, +0.38%) managed to close marginally higher in an overall sideways consolidation between 14800-15200. Longer term outlook is unclear, depends a lot on the NFP tomorrow. The market is closed today.

Asia-Pac is mixed, tilted a little towards the positive. Shanghai (1983, -0.57%) and Nikkei (14009, -0.33%) trade slightly lower. There is a danger that the Shanghai could see one more dip towards 1800 given that it is struggling to rise above 2000. The Nikkei has good Resistance near 14100 and could dip towards 13600 next week.

The Nifty (5770.90) disappointed by closing below 5800 yesterday. Further dip to 5700 could be seen. Has good Support there, though. Needs to hold to prevent fresh decline towards 5500.

 

COMMODITIES
Commodities are a little firm/ firmer. Dip in Dollar helping a bit.

WTI Crude (101.15) trades strong but has Resistance near 103.00. Might not break that in a hurry. Brent (105.35) can rise further towards 107, though, on greater sensitivity to the Eyptian situation. Such a rise would help the Brent-WTI Spread (current 4.2, up from 3.0) move up further.

Gold (1254) is managing to remain above 1250 in the near term and can move up to 1275 unless it falls immediately. Silver (19.67) is putting up a good show but has 50% chance of either rising towards 21 or falling towards 18.

Copper (3.1545) is consolidating well above 3.10. It may move up towards 3.25 if it manages to rise above 3.20.


CURRENCIES
The Dollar could give back some gains against the Europeans at least. The Dollar Index (83.25) has Resistance at 84.

The Euro (1.2993) saw a low near 1.2923 yesterday but has bounced from there. We see good chances of a rise towards 1.3375 in coming weeks. The market will be keen to hear what Draghi has to say today. The Pound (1.5252) has seen a good bounce from a low near 1.5136. Further rise towards 1.5375 possible.

Dollar-Yen (99.81) surprised by falling back from 100.85 yesterday. But, the uptrend remains in place while for now with Support at 99.25-00. So, there's a bit on confusion on this pair. Decline continues in the Aussie (0.9090) which saw a low near 0.9036 yesterday. Further decline towards 0.8950 cannot be ruled out. Deeper target would be 0.8870, the 100-mth MA.

The R-currencies are weak, of course, but there could Resistance near current levels on the USD-RUR (33.1675) and the USD-BRL (2.2630). The USD-ZAR (10.0790) looks like it can rise further. The Sing Dollar looks weak, the Malay Ringgitt not so much. The Egyptian Pound (7.0288) is relatively steady despite the coup in Egypt.

Dollar-Rupee (60.22) has a crucial Resistance near 60.76, the previous high. We have to see whether that will break or not. The market could be quiet through the day today. Support seen in the 59.9075 region.


INTEREST RATES
The US 10-Yr (2.50%) has moved up from levels near 2.47% the day before. As we've mentioned before, there is good Support at 2.40% and there is still a decent chance of seeing 2.65% on the upside. The ADP Employment data was strong yesterday. The market awaits the official Unemployment data tomorrow. Expectations are for a dip to 7.5% from 7.6% earlier.

The US is closed today.

All eyes on the BOE and the ECB today. The EU Q1 Final GDP release is also due today. Expectation is -0.2%. The market will want to hear Draghi's assesment of the future.


DATA TODAY
9:00 GMT or 14:30 IST EU GDP
...Expected -0.20 % ...Previous -0.20 %

11:00 GMT or 16:30 IST BOE Mtg
...Expected 0.50 % ...Previous 0.50 %

11:45 GMT or 17:15 IST ECB Meeting
...Expected 0.50 % ...Previous 0.50 %


DATA YESTERDAY

Australia Trade Balance
...Actual 0.67 $Bln ...Previous 0.17 $Bln

EU Retail Sales
...Actual 1.03 % ...Previous -0.52 %

US ADP Emp
...Actual 188K ...Previous 134K

US Trade Balance
...Actual -45.03 $ Bln ...Previous -40.15 $ 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 15 December 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:

Thu 14 Dec
23:50 JP- Tankan Survey

Mon 18 Dec
10:00 EZ- final HICP
Tue 19 Dec
09:00 DE- IFO Survey
13:30 US- Housing Starts/Permits
13:30 US- Current Account
Wed 20 Dec
15:00 US- Existing Homes Sales
15:30 US- EIA Crude
Thu 21 Dec
03:00 JP- BOJ Decision
13:30 CA- CPI & Retail Sales
13:30 US Weely Jobless
13:30 US- GDP
Fri 22 Dec
09:30 US- GB- GDP
13:30 US- core PCE Deflator & Presonal Income
15:00 US- New Homes Sales
15:00 US- final University of Michigan
17:00 US- early Closes
Mon 25 Dec
00:00 Christmas Holidays

Forex Trading Outlook


Potential Trading Opportunities

  • POTENTIAL PRICE RISK: HIGH-Medium- Thu --23:50-- JP- Tankan Survey
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