User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday August 27, 2014 - 03:39:26 GMT
FX Thoughts for the Day - www.fxthoughts.com

Share This Story:
| | Email

Morning Briefing : 27-Aug-2014 -0339 GMT

GOOD MORNING!

STOCKS
The rally ignited by Draghi goes on and some solid US economic data help the markets, especially the strong Consumer Confidence Index (92.4). But the Asian markets are not that much influenced by that bullishness yet.

Dow (17106.70, +0.17%) made a new high and S&P500 (2000.02, +0.11%) made its first close ever above 2000. A small correction now canít be ruled out and we keep watching the price action at the next resistance area in 17300-400 for short term guidance. Dax (9588.15, +0.82%) is very close to reverse the major downtrend as it continues its rally. The bears must attack immediately from 9600-800 to survive or else a rise towards a new high, even 10600-700 would emerge.

Nikkei (15518.93, -0.01%) is stuck in the narrow range of 15500-650 for the last 4 sessions and now a break below 15500 may drag it down to 15200-100 in the short term. The Shanghai (2212.02, -0.22%) is trading just in the middle ground, the range of 2170-2270 with immediate support at 2200-2190. Bear domination expected below 2170 and bull domination above 2270. Till a breakout takes place, expect fluctuations in the range of 2170-2270.

Nifty (7904.75, -0.02%) bounced back from 7860 and kept the possibility of testing 8000 levels alive. Support remains unchanged at 7850-40.

COMMODITIES
Gold (1283.77) has risen a bit but is trading below 1300. While below 1300-1320 zone, the longer term view remains bearish. Trading just above support on the weekly charts, we may see some short term upmove before falling sharply down towards 1275-1260.

Silver (19.42) seems to have paused after the downward rally so far and may remain stable in the 19-19.6 region. On the downside it may see 18.5 levels before bouncing up to 19.8-20.

Nymex WTI (93.88) is trying to rise towards 95-96 but the momentum is slow. Steady moves may be seen in the 92.7-94.6 region for now. While above 92, near term looks bullish.

Brent (102.76) is stable for now and while support near 101 holds, it may target 105-106 levels in the near term. Brent-WTI spread (8.76) is coming down towards support near 8-7.9 which if breaks may turn bearish on Brent. But if the spread rises from 7.9-8, it may rise towards 10.

Copper (3.1805) has fallen from just below resistance near 3.22 on the daily candles as expected and while that holds a fall towards 3.15-3.10 could be seen. Movement may be restricted in the 3.10-3.22 region for some time now. Near term is positive while within an overall long term downtrend.

FOREX
The focus on QE in the Eurozone keeps the pressure on the Majors against Dollar unabated. But most of the EM currencies actually strengthened up a bit against Dollar, albeit without any momentum. Rupee may follow the EM cue and try to appreciate.

Euro (1.3166) was sold off exactly from our resistance at 1.3220 and touched our immediate target at 1.3150. The bears keep their domination intact as the medium term target of 1.31 looks very close now.

Dollar-Yen (104.03) is consolidating at the higher levels but the rally may not be over yet as long as the price stays above 103. The grinding price action without any kind of directional move in Euro-Yen (136.97) actually shows the relative uniformity between Euro & Yen as both weakened simultaneously. The pair remains weak below 138 and the range of 136-138 may sustain for a few sessions more.

Pound (1.6552) is stuck within a 50 pips range for the last 4 sessions and a break above 1.66 may produce a corrective rally to 1.6650-1.6700 with the major downtrend still in force.

Aussie (0.9312) is trading in the range of 0.9230-0.9350 for the third week now and this range shows no sign of breaking immediately.

Dollar-Rupee (60.43) has failed to break above our resistance 60.65-70 in the last two days and that increases the bearish pressure on the pair. A break of 60.37-35 opens up the door to 60.00-59.85.

INTEREST RATES
Important Supports, Resistances being tested on some key interest rate variables. Watch carefully. Could generate near-term turnarounds in the market.

Further decline in the Germany-US 2Yr Spread (-0.55%) to just below the support mentioned yesterday, leading to more Euro weakness (1.3165). A test of -0.60% is very likely now. We may get a small bounce back towards -0.50% or even -0.40% from there. Watch for that.

An unusual divergence is being seen between Dollar-Yen (104.02) which is rising and the US-Japan 10Yr spread (1.89%) over the last two months. That said, there is good Support near 1.85-83% on the Spread which may well hold in the longer term, to possibly produce a bounce towards 2.0%.

The US 2Yr Swap Cost (0.1983%) has come off from important Resistance near 0.25%. If it doesn't bounce from current levels, it will be in danger of falling further towards 0.15% before interest arises again to buy floating-to-fixed swaps. Perhaps the market expects the US 2Yr Yield (0.52%) to find Resistance near 0.53%, as mentioned yesterday.

The 10Yr GOI (8.5551%) dipped a wee bit yesterday. As mentioned yesterday, the overall trend remains down, with good Resistance near 8.60-65%.

DATA TODAY



No major data release today.

DATA YESTERDAY

US Durable Goods Orders
...Expected 7.40 % ...Previous 2.73 % ...Actual 22.58 %

US Case Schiller
...Expected 8.20 % ...Previous 9.37 % ...Actual 8.08 %

US Cons Conf
...Expected 89.10 ...Previous 90.30 ...Actual 92.4

 

 

 

 

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 21 November 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:


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