User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday September 2, 2014 - 03:44:49 GMT
FX Thoughts for the Day -

Share This Story:
| | Email

Morning Briefing : 02-Sep-2014 -0344 GMT


The European markets remain under pressure as all the Manufacturing PMI came lower than expected, including Germany (51.4) and the EU (50.7). Expect actual movement in the markets only from tomorrow with the US market open and the ECB meet close. The Indian market has its own rhythm though.

Dow (17098.45, +0.11%) is stalling in a narrow range of 150 points in 17000-150 after testing the life high last week. The trend remains firmly up but to extend the rise, the bulls must break above 17300-400 soon. Dax (9479.03, +0.09%) has faced selling pressure exactly from our resistance zone of 9600-800 and remains under pressure below this supply zone. Only a break above 9800 would reverse the downtrend and signal a rally towards 10600-700.

Nikkei (15657.16, +1.17%), contrary to expectations, has recovered all the previous weekís loss and hit a new swing high. This forces us to change the bias to bullish and a farther rise to 15850-950 can be expected now. The Shanghai (2242.22, +0.30%) has bounced sharply after retesting our support at 2190 but still needs to break above 2260-70 to confirm the next phase of the major rise. Till a breakout takes place, expect fluctuations in the range of 2170-2270.

Nifty (8027.70, +0.92%) has closed above 8000 and looks set to check the upper end of the 4-month congestion zone at 8075-90. The bullish momentum remains intact above 7975-65. A break above 8100 would open the door for larger targets of 8190-8300-8550.

Gold (1282.443) is trading low and testing support levels of 1280.5 for now. If this continues we may soon see lower levels of 1271-1270 in the coming sessions. Gold-WTI ratio (13.39) has fallen further indicating the upcoming fall in Gold in the near term. May expect a possibility of a rebound from 13 to target 14 again.

Silver (19.435) is held well for now by support at 19.26. The metal now seems trapped in the 19.26-19.76 levels and may remain ranged in the near term. Gold-Silver ratio (65.929) is trading above support at 65.768 for now and may remain sideways within 66.73-65.768 for a few sessions before falling towards 65.06-64.4.

Nymex WTI (95.83) has paused after rising for a couple of sessions as the 95.84 levels hold for now. If a break above 95.84 is seen it may target level of 98-98.32 else a fall from current levels could be seen towards 92.5.

Brent (102.79) came off from 103.30 as the 21-day MA holds well. There are chances of a fall towards 102-101 levels either from current levels or from levels near 104. Near term is bearish.

Copper (3.157) remains stable for now. Trapped between support and resistance at 3.10 and 3.23 respectively, it needs to break on either side to give more clarity on further direction. Near term to remain ranged within the said region.

The all important ECB meet is getting closer and the big traders are back in the markets after the Summer. The stage is set for some big movements this week. Expect explosion in volatility.

Euro (1.3121) is not finding even the smallest buyers yet though it is very close to the long term support zone of 1.3050-3000 now. Letís see if any short covering emerges from these support levels after the ECB meet.

Dollar-Yen (104.75) has broken above 104.50 to get closer to the six year high at 105.40. A firm closing above 105.40-50 could signal a rally to the long term resistance at 108-109. Euro-Yen (137.48) keeps trading in the range of 136-138 for more than a month. The pair remains weak below 138 and the range of 136-138 may sustain for a few sessions more.

Pound (1.6581) created a Pinocchio Bar above 1.6620 before reversing to the downside. The pause may be over and it may have resumed the major downtrend once again towards 1.6460-1.6360.

Aussie (0.9306) is back at 0.93 levels from 0.9375 just as expected. A retest of 0.9250-0.92 canít be ruled out now, especially with the RBA & Current Account Balance data today.

Dollar-Rupee (60.53) is adamantly stuck in our range of 60.35-70 and only a break beyond this range can produce the next directional move. Till then, expect sideways action.

Reserve Bank of Australia (RBA) meeting today. Interest rates are expected to remain stable at 2.5%.

The USA was closed for Labour Day yesterday. The German 2Yr (-0.046%) is now 54.4bp lower than the US 2Yr. There is an important Support at -0.55%. If this holds, we might see a near term bounce towards -0.45%. But, a break below -0.55%, if seen, could push the Euro (1.3120) even lower.

The Spain-Germany 10Yr Spread (1.3690%) is trading a little higher, but has a crucial Resistance at current level. However, there is some chance it could break higher and test 1.50%. We are watching this one closely as we are taking a contrarion view that European Yields could rise a bit after the ECB Meeting on Thursday. The KSHITIJ E-4 10Yr Composite Yield (1.1690) trades near crucial long-term Support at 1.17 and could surprise by moving higher.

In India, the 10Yr GOI (5.5497%) has seen a tiny dip and the Indo-US 10Yr Spread (6.21%) has also come off by 1.61bp. We see Resistance overhead for both, near 8.60-65% and 6.25% respectively. FIIs continue to buy Indian debt. FIIs Debt purchase is now 2-3 times their purchase of Equity. A double-edged sword.


4:30 GMT or 10:00 IST RBA Meeting
...Expected 2.50 % ...Previous 2.50 %

5:45 GMT or 11:15 IST CH GDP
...Expected 0.50 % ...Previous 0.46 %

14:00 GMT or 19:30 IST US Manufacturing ISM
...Expected 57.00 ...Previous 57.10

...Previous 50.70 ...Actual 47.30

...Expected 51.20 ...Previous 51.70 ...Actual 51.10

...Expected 53.30 ...Previous 54.30 ...Actual 52.90

...Expected 50.80 ...Previous 50.80 ...Actual 50.70

...Expected 55.00 ...Previous 55.40 ...Actual 52.50






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