User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday December 27, 2013 - 03:36:40 GMT
FX Thoughts for the Day - www.fxthoughts.com

Share This Story:
| | Email

Morning Briefing : 27-Dec-2013 -0335 GMT

GOOD MORNING!

EQUITIES
Strong rise in the Dow (16479.88) yesterday, now aiming for Resistance near 16800. But, we'd be wary about profit-taking in the New Year, which is just round the corner. The Dax (9488.82) may try to break above Resistance at 9500 at the Open today, after the X'mas holidays.

The Nikkei (16123, -51.42, -0.32%) is seeing some profit-taking below important Resistance near 16200-300, after having moved up over the last couple of weeks. On the other hand, the Shanghai (2094, +21, +1%) is seeing a bit of short-covering today but remains bearish while below 2125. A rise past 2125 is needed to ease the bearishness. Most of the other Asia-Pac indices are mildly in the green.

The Nifty (6278.90) was stable yesterday and is looking mixed, unable to break above the 6300 Resistance so far. Weakness could start setting in if the market falls below 6200.

COMMODITIES
Gold (1211.15) is up just below the near term resistance. It is expected to move in the range of 1180-1225 for the next few days targeting 1250. Silver (19.83) is moving in the range of 20.0-18.5. If the long term support at 19 holds we may see a rise to 20.25-50.

Copper (3.3755) dipped a bit after a sharp rise on Tuesday. Is this the sign of a fresh bear signal or not needs to be seen as it has come below the lower limit our range of 3.40-3.45.

Brent (111.69) has dipped slightly. It is trading now in the support zone of 111-112 and we may see a rise to 114. Nymex WTI (99.50) has remained stable. It is currently in a channel uptrend trading near the support of the same. A ranged movement targeting the 100-Day MA resistance near 101 can be expected.

CURRENCIES
Dollar Index (80.37) has failed to break above 80.80-95 and confirm the strength. It has come below 80.45 as a sign of weakness and further drop may be seen below 80.20-30. Next support comes at 79.90-80.

We had mentioned that the Euro (1.3733) had managed to hold on to the support level of 1.36-1.3620 to keep the bullish hopes alive so far. Now that it has crossed above the 1.3710 levels, it must handle the strong resistance area of 1.3745-50 to sustain the strength.

Dollar-Yen (104.80) has reached in the sniffing distance of our first target of 105.50 as it made a new 5-year high again at 105.03. The next target of 109 remains open. Any sign of weakness will be seen only below 103.50 and 102.50.

The Euro-Yen Cross (144) broke out of the range of 140.90-142.90 on the upside and produced another fast move as expected. Next targets would be 144.60 and 149.

The Pound (1.6444) got tremendous buying pressure from the 1.62-1.63 area exactly in line with our expectation and hit a new 2 year high at 1.6484. As long as it stays above 1.62, more rallies may emerge towards 1.65-1.6550, above which the next hurdle comes at 1.6740-50.

The Aussie (0.8885) was rejected from our resistance area around 0.8975-0.90 which it must cross and sustain above to trigger any hope for a possible move towards 0.91-0.92. Till then the downside remains open towards 0.87-0.8750.

Dollar Rupee (62.16) may open flat near 62.15 today on the back of conflicting cues as Dollar got weaker against most other currencies and equities also not showing any strength. Two scenarios possible now for the bullish one, Dollar Rupee must trade above 62.16-20 to extend the rally towards 62.40-45. But if it fails to cross and stay above 62.16-20, we can see another move to 61.90-62 or lower towards 61.60-70.

INTEREST RATES
The US 10Yr (2.98%) closed lower after touching our long held target of 3.00%. It has come up to a long term resistance at the current levels. A break above 3.00% and we may see the 10 Yr target 3.05% or even higher. What is surprising is that the 5Yr (1.73%) remained stable while the 30Yr (3.92%) saw a sharp rise.

Europe was closed yesterday. The German-US 10Yr differential (-1.10%) has fallen further. The Japanese 10 Yr (0.70%) is up slightly but expected to remain in the range of 0.65%-0.7%. The US-Japan 10Yr spread (2.27%) has remained stable.

The Indian 10Yr GOI yield (8.89%) is up but the range of 8.75%-9.00% is not expected to be broken for the next few days.

 

DATA TODAY

23:15 GMT or 4:45 IST JP PMI
...Previous 55.10 ...Actual 55.20

23:30 GMT or 5:00 IST JP Unemp
...Expected 3.90 % ...Previous 4.00 % ...Actual 4.00%


DATA YESTERDAY
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."



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