User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday June 11, 2014 - 03:30:22 GMT
FX Thoughts for the Day - www.fxthoughts.com

Share This Story:
| | Email

Morning Briefing : 11-Jun-2014 -0329 GMT

GOOD MORNING!

STOCKS
The price action in Dow (16945.92, +0.02%) is somewhat reminiscent of the September 2012 top, warranting caution but if any correction doesn’t emerge from 17000-200 soon, the bulls may push the index up to 17400-600.
The Dax(10028.80, +0.20%) gives its first closing above the 10000 levels and the last correction implies long term bullish strength, implying an impending push up to 10300-400 as long as it stays above 9800-700.

The Nikkei (15028.41, +0.22%) is facing selling pressure near 15200-400 as expected. A correction up to 14700-500 could be healthy for even the bulls. The Shanghai (2051.90, -0.03%) is hitting the upper end of the contracting range 2010-55. Keep an eye on 2055 for early signal but main breakout will take place only above 2080. Note that once again a bad news is not affecting the price, which is a sign of strength.

Nifty (7656.40, +0.02%) closed above 7640 for the second consecutive day but it is yet to break above 7740-60 (rising every day). The major uptrend remains intact for a probable rise towards 8000-8200 and even 8500 would not be impossible but it is yet to be confirmed if the correction from 7680 is finished.

COMMODITIES
Gold (1262.38) has risen from 1240 levels in the last few sessions and is targeting 1280 in the near term while above 1260-1261. Overall the long term downtrend still persists.

Silver (19.236) has also risen and may target the crucial 19.36 level which if breaks may take it higher towards 19.50-20 in the longer run. Gold-Silver ratio (65.59) came down from levels of 66 as expected but may now bounce back from near current levels. This may indicate a rise in the precious metals for a few sessions now.

Nymex WTI (104.38) made an intra-day high of 105.06 yesterday touching our target range of 105-105.22. It may see a little correction towards 104 before again resuming its rise towards 105.22-105.25. Gold-WTI ratio (12.0858) has been falling since Jan’14 coming near support at 11.8-11.9 levels from where it may bounce back towards 12.5. This signals a rise in Gold against WTI in the near term.


Brent (109.71) seems to whipsaw in the 108-110 region without giving any further direction. We need to wait and watch for a break on either side of the range to determine further moves. For now, near term looks bullish with a target of 111-112.

Copper (3.0570) has risen back from 3.0185 (low of 9th June 2014) but may consolidate a bit in the 3.00-3.10 region while within the longer term downtrend. A danger of a fall towards 2.95 cannot be negated unless a sustained movement above 3 is not seen. However, a break below 2.95 (if seen) could push it down to 2.90 levels.

FOREX
Only Aussie is strengthening on the back of Chinese equities but all the other majors have weakened considerably against the Dollar.

Euro (1.3525) has corrected nearly all of the latest gain after creating the major bottom at 1.35 which is close to getting retested, contrary to our expectations. We must watch the price action at the support area of 1.3500-3475 now before taking any stance though the bullish view is still not negated fully.

Dollar-Yen (102.30) is trading close to the support area of 101.95-85 but the Dollar bulls need a break above the 9 week long range of 101-103 to resume the rally. The Euro-Yen (138.35) has been pushed down from 140 levels on Euro weakness. Now the traders need a break beyond the contracting range of 138-140.

Pound (1.6744) has failed to break above 1.6850-85 to signal a bullish reversal and is still contained inside the previous week’s range. Keep an eye on 1.6690-40 for support and 1.6850 for resistance.

The Aussie (0.9377) is trading above the major trendline resistance at 0.9365 now in a show of strength but it still needs a break above 0.9410, the last swing high, to confirm the intermediate uptrend.

Dollar-Rupee (59.29) spent a sideways session with the uptrend fully intact. We still wait for a break above 59.45 to confirm the next phase of rally and the major support remains unchanged at 59.00.

INTEREST RATES
German yields (5Yr 0.43%, 10Yr 1.40%) have moved up, within an overall decline. But we do not negate the fall to support at 1.20% on the 10Yr just now as it may fall from levels of 1.43%.

The US 5Yr (1.40%) and the 10Yr (2.49%) have fallen a little and may target lower levels of 1.20% and 2.40% respectively in the near term as the crucial 1.55% and 2.55% levels still holds. The yield differentials are also trading lower.

The 10Yr GOI (8.63%) has fallen further while the Indo-US 10Yr yield spread (5.95%) has risen a little. There is still room for the Indo-US 10yr yield spread to fall towards 5.75% while the trend remains down in the near term.

DATA TODAY


 

8:30 GMT or 14:00 IST UK Unemp
...Expected 6.70 % ...Previous 6.80 %

11:30 GMT or 17:00 IST IN Trade Bal (MoM)
...Previous -10.10 $ Bln


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