User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday February 26, 2014 - 04:04:55 GMT
FX Thoughts for the Day -

Share This Story:
| | Email

Morning Briefing : 26-Feb-2014 -0404 GMT


Globally, all the equity markets are in a pause mode, mostly consolidating in narrow ranges. It may snap out of it soon to make a decisive move.

Dow (16179.66, -0.17%) has spent the last session consolidating in a narrow range and may well rise further towards 16400. The Nikkei(15027.86, -0.16%) has also seen a very good rise, but could face some Channel Resistance in the 15100-200 region. The Shanghai (2027.31, -0.34%) is trying to find support at 2020-15 after breaking below 2050 contrary to our expectation. The strong bearish momentum may take it to 1985 now if 2015 is not protected.

The Dax (9699.35, -0.10%) has risen to test important interim Resistance. A rise past 9700-9800, if seen, could take the market up towards 10000.

The Nifty (6200.05, +0.23%) has gained little though keeping the uptrend intact. It has entered the gap zone of 6190-6265 and the price action at the levels of 6230-40 and then 6265 must be assessed before taking any firm stance in the medium term. Weakness may set in below the support of 6150-30.

Gold (1339.53) continues its rally targeting 1350-1400 in the coming weeks while Silver (21.88) is also headed upwards towards 22.5-23 but with a lower momentum which is indicated by the Gold-Silver ratio (61.266). The ratio is rising targeting 62 in the coming weeks.

Copper (3.2580) has risen a bit but overall remains ranged near 3.25 levels. No major movement is expected for now.

Brent (109.52) has come off from resistance near 110.8 and while that holds we may see some ranged moves. Even if it falls to support levels near 108, it may bounce back again targeting 111-112.5 in the long term. Need to watch crucial 108 levels for further direction.

Nymex WTI (101.87) is trading lower after a fall yesterday but remains ranged. A fall below 101 would push down prices sharply towards 99 and even to 98.5-98.0. Need to check if support near 101 holds and helps to bounce towards 104 in the long term. Gold-WTI ratio (13.1422) is rising and may target 13.5-14 in the coming weeks which may signal a fall or ranged movement in WTI while Gold may continue to rise further.

Just like the equity markets, the major currency pairs are showing very mute action too with virtually no change.

Dollar Index (80.17) has not managed to break above 80.40-45 which keeps it weak in the short term and may push it towards 80-79.90 once again. Strength will be confirmed only above 80.45.

The Euro (1.3742) is stuck in a range of 1.3685-1.775 with mixed clues and may remain inside for some more time before breaking out and determining the next direction. Remaining above 1.37, the possibility of a sharp rally to 1.3850 remains but a break below 1.3685-75 would bring the weakness back.

Dollar-Yen (102.35) is consolidating in the range of 101.75-102.75. Holding 101.80-70, it may try to rally to 103.50-104 in the short term while the intermediate downtrend remains. The bearish momentum will return on a break below 101.80-101.40.

The Euro-Yen Cross (140.70), like most other currencies, is rangebound between 140 and 141. It must break above 141-141.25 to reach our target of 142 and even 142.70-143 is possible in that case. Weakness may return on a break below 139-138.80.

Pound (1.6676) is in a small correction of its major uptrend now which may extend to 1.6540-1.65 only if breaks the support of 1.66. It may reach 1.69-1.7050 after the current correction finishes. All the dips till 1.6470-80 may be bought into.

Aussie (0.8992) remains in a broad range of 0.89-0.91 and only a breakout from this range may give a trending move with a clear direction.

Dollar-Rupee (61.94) had an extremely narrow range day. It must hold above the support zone of 61.80-70 to keep the possibility of a rally to 62.40 alive. This is the second consecutive day where the opening and closing price are very close which implies a lot of hesitation and indecision on the downside.

Yields are down globally.

The US 10Yr (2.71%) has started to come off from the resistance zone of 2.73%-2.75%. The 10-5Yr yield differential (1.19%) has started to fall. We may now see the 10Yr consolidating in a sideways range and target support near 2.50%.

The German 10Yr (1.64%) is down trading in the support zone of 1.63%-1.64%. Moving sideways in the range of 1.65%-1.70% since the beginning of the month, it can now bounce to test the resistance near 2.00%. The German-US 2Yr spread (-0.21%) is up slightly. The 10Yr spread (-1.03%) is also up but it can still target support near -1.12%.

The Japan 10Yr (0.57%) is on its way to our target of the support near 0.53%-0.55% from where we may see a bounce to 0.60%. The US-Japan 10Yr spread (2.12%) is also up but it can still target the support near 2.05% before rising to 2.20%.

The Indian 10Yr GOI yields (8.87%) is down and ranged between 8.75%-9.00%. Above 8.85% we can expect it to rise beyond 9.00%.


9:30 GMT or 15:00 IST UK GDP
...Expected 0.70 % ...Previous 0.68 %

15:00 GMT or 20:30 IST US New Home Sales
...Expected 406 K ...Previous 414 K


US Case Schiller
...Expected 13.30 % ...Previous 13.7 % ...Actual 13.40%

US Cons Conf
...Expected 80.20 ...Previous 79.40 ...Actual 78.1




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 3 Dec 2018
A All Day Final Mfg PMIs
Tue 4 Dec 2018
A 04:30 AU- Reserve Bank Decision
Wed 5 Dec 2018
A All Day Final SVC PMIs
A 04:30 AU- CPI
A 13:15 US- ADP Jobs
A 13:30 US- Productivity
A 15:00 CA- Bank Of Canada Decision
A 15:30 US- EIA Crude
B 19:00 US- Beige Book
Thu 6 Dec 2018
AA 12:45 EZ- ECB Decision
AA 13:30 US/CA- Trade
A 13:30 US- Weekly Jobless
Fri 7 Dec 2018
A 10:00 EZ- GDP
AA 13:30 US/CA- Employment
A 15:00 US- Final Univ of Michigan

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