User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday November 21, 2013 - 03:42:41 GMT
FX Thoughts for the Day - www.fxthoughts.com

Share This Story:
| | Email

KSHITIJ.COM - Morning Breifing

GOOD MORNING!

EQUITIES
Talk of Taper in "coming months" induces profit-taking in the Dow (15900.82, -66.21, -0.41%). We continue to see 16100 as a crucial Resistance which is holding well. A break below 15800 (if seen) will be very bearish.

All of Asia-Pac, apart from Japan, is down shaprly, ranging between -0.23% (Australia) and -1.12% (Korea). Only the Nikkei (15322, +246, +1.63%) is up sharply on a weaker Yen (100.36). The Chinese Manufacturing PMI (50.4) has come in lower than the expectation of 50.8. The Shanghai (2195, -0.52%) is retreating from the strong 2200-2225 Resistance region. Growth seems to be in question all around.

The Nifty (6122.90) fell sharply yesterday. Expect a fall below 6100 today on global Equity weakness.

COMMODITIES
Gold (1248.33) has fallen sharply after FED signaled tapering in the coming months. We may see a little upward correction but overall near term bearishness exists. Silver (19.87) continues to fall and may target support near 18.5

Copper (3.1515) is showing a sideways movement in the 3.12-3.20 region for now. We may expect some bearish moves in the near term.

Brent (107.79) has shown fluctuation in the 108.38-106.51 levels which is a good support region. We may expect a steady move for now. Note that the 50-day MA has been a crucial resistance in the past 5-days. Nymex WTI (93.690) is trading between the 100-Wk and the 200-Wk Ma . We could see a sideways movement in this range for sometime now. A rise past 95.50 would ensure a break in the recent downtrend.

CURRENCIES
Euro (1.3426) has reached our target zone of 1.3420-25 and now is trading very close to the important support zone of 1.34. A move below this will take it to 1.33 and eventually we would expect it to reach 1.31 or lower. Dollar Index (81.13) has bounced sharply after the US FOMC minutes disclosed the possibility of the QE tapering beginning from this December depending on the coming economic data. Above the immediate resistance of 81.50, it can go straight to 82.50. All the dips till 80.50 are expected to be bought into.

Dollar Yen (100.37) is hitting the upper boundary of the 4-month range. A clear move above 100.60-101 could take it to 105. Support remains at 99.50. . EURJPY (134.72) reversed sharply and found support at 134. Any bullishness will resume only above 136.

Pound (1.6082) got rejected from the resistance are of 1.6180-1.62 mentioned before. All the rallies may face selling pressure as long as it stays below the major resistance zone of 1.63-1.64.

INTEREST RATES
The FOMC meeting minutes discussed a Taper in "coming months" but dwelt on need to emphasise that interest rates will remain low for a long time even after the Taper starts. But, the US 10Yr Yield (2.80%) has moved sharply higher and the 30Yr (3.92%) has increased relatively more, steepening the Curve at the Far end to 112bp from 109bp earlier. Not good for "risk" assets. The Dollar gets a Yield boost, of course.

On the other side of the Pond, the ECB is discussing possibilities of a -0.1% deposit rate to force banks to lend instead of sitting on cash as the Europeans are worried about deflation now. The German 10Yr (1.71%) has dipped slightly from 1.72%. As a result, the German-US 10Yr Spread (-1.09%) has fallen below the crucial -1.05% level and could decline more. The 2Yr Spread (-0.18%) has not reacted much, but has potential to fall towards -0.28% while below -0.15%.

The BOJ is expected to keep rates steady at 0.10% in its meeting today. The US-Japan 10Yr spread (2.19%) has seen a huge rise with the upmove in US Yields.

Indian 10Yr 9.03% in the meanwhile looks like it can move higher towards 9.25%. India battles inflation while Europe and Japan battle deflation.

 

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 21 November 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:


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