User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Monday May 19, 2014 - 03:30:08 GMT
FX Thoughts for the Day -

Share This Story:
| | Email

Morning Briefing : 19-May-2014 -0330 GMT


There are more questions than firm answers right now in the global markets as the major markets remain more in a flux than any major trend.

The Dow (16491.31, +0.27%) is not showing any great upward momentum despite a new life high which raises the possibility of another big fall before the next true phase of the bull market emerges. Keep an eye on 16400 for immediate support below which the current short term uptrend gets negated. The Dax (9629.10, -0.28%) must break above the old high around 9800 levels to overcome the current weakness and resume the major uptrend.

The Nikkei (14105.11, +0.06%) is not seeing any great action today as it remains in the downtrend, with the risk of testing the support of 13850 intact. The Shanghai (2007.25, -0.95%) is testing the major support area of 2000 mentioned before and a break below 2000-1995 may drag the index down to 1975-60 levels.

The expectation of “sell the fact” materialized dramatically in Nifty (7203, +1.12%) but after some more major upside. However, the short term top may have been made at 7564 and we may see some much needed consolidation in the range of 6700-7500 for the next few days. Any dip near 6800-6700 may be bought.

Gold (1294.29) and Silver (19.464) are stable. Gold may range in the 1280-1300 regions for some time before rising above 1300 and while below 1315, downtrend remains in force. Silver is consolidating sideways while below 19.6. There are chances that the metals may remain range bound in the near term.

Copper (3.1525) is ranged for now near the 3.15 region and may eventually target 3.20 in the near term. Overall it is maintaining the near term uptrend.

Brent (109.95) has been rallying since 7th May and may target 110.58 in the coming sessions. A breqak above 110.58 would take it higher to 112 else we may see a fall back to 109. WTI (101.72) is testing resistance near 101.94 but if it sustains a break above this, it may target 103.6-103.7. However if 101.94 holds, it may fall to 101. Near term looks bullish.

Keep an eye on the lows of the last week for all the pairs. Nearly all of them are important supports.

Dollar-Yen (101.52) keeps trading near the major support zone of 101.30-20 and a break below 101.20 may drag it down to the next long term support near 101.70-60.

The Euro-Yen (139.24) is in a confirmed major downtrend now. It is testing an important trendline Support here and could stage a bit of a bounce. But unless Resistance at 140 is broken, there could be chances of further fall to test 200-day MA at 137.94.

The Euro (1.3707) is trying to bounce from the major trendline support at 1.3646. Expect near-term Support at 1.3690 and attempts to rise towards 1.3760 while Support at 139.25 holds on the Euro-Yen.

The Pound (1.6827) has bounced sharply from 1.6731 and this keeps the long-term uptrend intact. AA break below 1.6730 could negate the uptrend and a dip to sub-1.6600 levels would be on cards then.

The Aussie (0.9364) indeed saw a dip to 0.9327 as feared, but seems to be consolidating sideways, not facing any strong selling pressure. Important/ strong Support at 0.9314 can keep the overall uptrend intact with chances of 0.95+ this week.

Dollar-Rupee (58.79) closed below 58.80 to signal a probable consolidation in the range of 58.50-59.50 with the chance of 58.35 getting tested. Only a break above 59.60-70 may signal any return of strength.

The US yields saw a slight rise but the 10Yr (2.52%) and the 5Yr (1.55%) are still trading below the resistance near current levels. The 30Yr (3.34%) has come up from the support at current levels. The 10-5Yr yield spread (0.97%) has fallen below the support suggesting a further fall in the yields if they are unable to break above their current resistances.

The German –US 2Yr spread (-0.27%) has remained stable as the Euro (1.3706) also remained stable near the support at 1.37 as seen in the candle charts. See A bounce in the Euro from here and we may see the spread go up to -0.20%. The German 10Yr (1.34%) is up but the pressure on the ECB to reduce rates may keep it lower.

The US-Japan 10Yr yield differential (1.94%) is up a bit as the Dollar-Yen (101.579) tests support at current levels. The Japan 10-5Yr yield spread (0.40%) remained stable and so did the Japan 10Yr (0.58%).

The 10Yr GOI (8.83%) saw a rise on the back of the Rupee strength as the US – India 10Yr bond differential (6.31%) broke above the resistance near 6.25%. We can expect a further rise in the differential up to 6.45% where it faces a resistance. And the 10Yr GOI can now target 9.00%.


No major data release today.


India General Election Result - - -

EU Trade Bal
...Previous 13.60 EUR Bln ...Actual 17.10 EUR Bln

US Housing Starts (Mln)
...Expected 980 K ...Previous 947 K ...Actual 1072 K




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.

Register To Test Your Amazing Trader

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 10 Sep 2018
AA 08:30 GB- GDP, Trade, Output
Tue 11 Sep 2018
AA 08:30 GB- Employment Decision
A 09:00 DE- ZEW Survey
Wed 12 Sep 2018
A 12:30 US- PPI
A 14:30 US- EIA Crude
A 18:00 US- Beige Book
Thu 13 Sep 2018
A 1:30 AU- Employment
AA 11:00 GB- Bank of England Decision
AA 11:45 EZ- European Central Bank Decision
A 12:30 US- Weekly Jobless
AA 12:30 US- CPI
Fri 14 Sep 2018
A 08:30 GB- GDP
AA 12:30 US- Retail Sales
A 13:15 US- Industrial Production
AA 14:00 US- prelim University of Michigan

John M. Bland, MBA
co-founding Partner,

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