User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday April 10, 2014 - 03:38:11 GMT
FX Thoughts for the Day - www.fxthoughts.com

Share This Story:
| | Email

Morning Briefing : 10-Apr-2014 -0337 GMT

GOOD MORNING!

EQUITIES
The underlying bullish sentiment expressed in this space yesterday manifested itself in the markets as the indices met the required condition of an immediate rally.

The Dow (16437.18, +1.11%) bounced strongly as expected and decreased the danger of any immediate fall below 16000 considerably as the Fed minutes signaled a more dovish approach regarding any interest rate hike. We remain bullish but this rise requires follow through buying to take it above 16600-650 and signal further rally towards 17000.

The Dax (9506.35, +0.16) keeps the bullish hopes alive but needs a break above 9730-9800 to signal the next phase of the rise.

The Asian markets are trading mixed.

The Nikkei (14398.19, +0.69) is trading very close to the crucial long-term Support at 14200-150. A break below 14150, if seen, would require a lot of people to rework their bullish outlook.

The Nifty (6796.20, +1.51%) rallied immediately as expected and hence, opened the door towards 6900+. The short term bullish momentum remains intact above 6745-35.

COMMODITIES
Overall commodities are all up.

Gold (1315.510) has risen to test the 21-day MA on the daily line charts. Targeting 1325 in the near term, if it rises above this level, it may rise towards resistance near 1375. A fall could be seen from either 1325-1330 levels or from further levels of 1375-1380.

Silver (19.997) is well ranged between the crucial 19.6 and 20.25 levels and may continue so for some more sessions as this is a consolidation after the recent fall from 21.78 to 19.67. Prices may test the crucial 20.2-20.5 levels which if holds may push back to 20-19.6.

Copper (3.037) continues to remain in the 3-3.07 region and seems it may continue so for a few more sessions. Till then no major movement is expected.

Brent (107.52) has come off from 108.14 and is currently trading below 108 levels. It may not find difficulty in breaking 108-108.75 levels and may continue to rise targeting 108.98-109-110 in the near term. But if the resistance holds, we may see another fall to 106 levels.

Nymex WTI (103.28) has risen further and has come off a bit after testing resistance near 103.77. If this holds we may see a fall to 102-100; else it may target 104-106 in the coming sessions. Need to wait and watch where it goes today.

CURRENCIES
Dollar Index (79.50) bears have the best chance in the last few weeks to push it further down to the major support zone of 79-78, but expect some fight from the bulls from 79.25-79.

The Euro (1.3849) has broken above the resistance of 1.3820-40 contrary to our expectation but the old supply zone of 1.3885 may not give in to the bulls that easily and selling can emerge again from 1.3885-1.39.

Dollar-Yen (101.89) has reached a very crucial point as it stands on the lower end of the 10-week channel. Holding above 101.50, a gradual bounce towards 103 is possible but a break below 101.50 may take it to the final medium term support at 100.75-50. Our bias is neutral.

The Euro-Yen Cross (141.10) is testing the support band of 140.50-139.50 and the price action here may determine the medium term trend. The bulls may attempt a comeback from the 139.50 area.

Pound (1.6801) has achieved all our targets of 1.67-1.6750 and now may face some selling at 1.6780-1.6820 area before extending the rise to 1.70-1.7050.

After an unexpected drop in unemployment rate, Aussie (0.9411) has extended the rally to the strong overhead supply zone at 0.94-0.9450 after achieving all our medium term targets. It may be the time for some caution with the longs here.

Dollar-Rupee (60.14) remains stuck in a narrow range of 59.80-60.20 inside the broader range of 59.50-60.50. If the resistance of 60.20 is not broken immediately, we may see a retesting of 59.60-50 soon as the medium term trend remains firmly down.

INTEREST RATES
The US 10 Yr (2.69%) is unchanged. The 5Yr (1.62%) has dipped. The yields can now target support near 2.60% and 1.60%-1.55% before we see a bounce back towards 2.75% and 1.75% respectively.

The German-US 2Yr spread (-0.18%) saw a further rise as the Euro (1.385) rose further to test resistance near current levels on the 3-day line charts. The German-US 10Yr spread (-1.13%) also saw a rise and can test the resistance near -1.05%. The German 10Yr (1.57%) is stable near term, but in a downtrend since 1.95% (Jan-14) that can target 1.50% while below 1.60%.

The US-Japan 10Yr spread (2.08%) seems to be stabilizing and could bounce from Support near 2.05%. The Dollar-Yen (101.88) has also stabilized a bit after the sharp fall yesterday. The Japan 10Yr (0.62%) is up a bit. With the 10-5Yr yield differential (0.43%) testing support at current levels we can expect the 10Yr to target resistance near 0.65%.

The India-US 10Yr spread (6.33%) dropped as the 10 Yr GOI yields (9.03%) saw a fall from 9.10% but is in an overall uptrend that can test 9.25%, maybe before the Inflation data next week.

Over in England, the BOE is expected to keep Interest rates unchanged today. The BOE is looking at the unemployment figures currently at 7.2% and says that they won’t consider increasing borrowing costs till unemployment falls to 7%.

DATA TODAY

2:00 GMT or 7:30 IST CN Trade Balnce
...Expected 0.90 $ Bln ...Previous -23.0 $ Bln ...Actual 7.7 $ Bln

0:30 GMT or 6:00 IST Australia Labour Force
...Expected 7.30 K ...Previous 48.2 K ...Actual 18.1 K

12:00 GMT or 17:30 IST BOE Mtg
...Expected 0.50 % ...Previous 0.50 %

DATA YESTERDAY
UK Trade Balance
...Expected -9.30 £ Bln ...Previous -9.46 £ Bln ...Actual -9.09 £ 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