User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday September 12, 2014 - 03:46:22 GMT
FX Thoughts for the Day -

Share This Story:
| | Email

Morning Briefing : 12-Sep-2014 -0345 GMT


The markets have mostly continued their grind in narrow ranges and the expected resumption of rally hasn’t materialized yet. This last day of the week can be the make or break day, especially for the Indian market, waiting for the CPI & IIP data today.

Dow (17049.00, -0.12%) keeps trading in the now 3-week old range 17000-150 testing patience even as the jobless Claims rise. The bias remains bullish as this correction may not go lower than 16800 even on a downside break.

Dax (9691.28, -0.09%) has been testing the support area of 9630-9600 for the last two days and is expected to rally anytime now. Above 9800, targets of 10000 and even 10600 will come into consideration.

The Shanghai (2316.31, +0.20%) made a new high at 2343 but faced a sharp rejection to create a Graveyard Doji with bearish connotations. But in a strong bull market like this, this pattern would require a lot of follow up selling to be meaningful. A dip till 2285-70 would only be a natural correction in this bull phase. The Nikkei (15968.07, +0.37%) is rising strongly on the back of a crashing Yen and faces the long term resistance 16100-200 now.

The Nifty (8085.70, -0.10%) continued its correction to reach close to our bear trigger level of 8050. The uptrend is retained somehow but the strength will return on a break above 8125-35 only.

Commodities are overall trading low. Near term is bearish.

Gold (1234.94) is sharply headed towards 1225 for now. The next level to watch would be 1200 which is a crucial support. A break below 1200 if seen would take push it down to 1190-1180 last seen in Dec’13. While Dollar continues to strengthen against major currencies Gold would remain strongly bearish.

Silver (18.52) is trading near the crucial support levels but while the bears are strong we may see a break below this support to target 18.2-18 levels. Gold-Silver ratio (66.61) has risen and is testing resistance near 66.74 which if holds may bring it down to 65.75. If the 66.74 levels break on the upside it may signal some bullish moves coming in for the metals.

Brent (97.89) has fallen sharply again and is firmly in a downtrend. Testing support near 96.75 on the weekly a break below would take it towards 92-90 levels and maybe further down towards 89-88.5. Need to see for a couple of sessions if 96.75 holds.

Nymex WTI (92.82) bounced yesterday from 90.43 but remains under the bearish pressure for now. While below 93, a fall below 90 cannot be negated. May remain sideways ranged for some sessions. Overall trend remains down.

Copper (3.0930) has broken the support levels near 3.10 and is also headed downwards in line with other commodities. It may soon target 3.05-3.00 in the coming weeks. Near term looks bearish.

The fall in commodities keep Aussie under high pressure. Dollar keeps rising, even as the Euro & Sterling are not falling right now. Rupee may be controlled by domestic factors like CPI/IIP data today.

Euro (1.2920) is contracting in a triangular shape in the range of 1.2850-1.2970, suggesting just a pause and not any reversal. A few more sessions in the range would be beneficial for the trend-followers.

Dollar-Yen (107.32) gained further towards the 12-year old long term trendline resistance of 108-109 and the price action there will have severe impact on both this pair and Nikkei. The Euro-Yen Cross (138.62) had broken above 138.00-25 to shoot up towards 140 more on the back of a severely weakening Yen than any strength in Euro. Immediate target/resistance comes at 139.15-30.

The Pound (1.6234) bounced to 1.6250 as expected and nearly filled the gap created on Monday. The weekly candle suggests buyers coming from the long term support of 1.6050-6000 levels but a massacre of this magnitude requires a long base building before any sustainable reversal attempt. So expect some volatility in the short term.

The Aussie (0.9071) failed to reach 0.9250-70 and crashed to achieve all our targets at 0.9060 exactly as expected. Keeping the bear dominance in mind, the next targets come at 0.8990-70 and 0.8920-0.8890.

Dollar-Rupee (60.93) continues its correction and only a break beyond yesterday’s range of 60.72-94 may produce a decisive move. The bias remains bullish as long as the support of 60.70 holds.

US Yields have risen further across the Curve, with the 10Yr (2.56%) rising the most, from 2.53% earlier. The rise in the 5Yr (1.80%) and in the 2Yr (0.57%) are breaks of significant resistances. The rise in the 5Yr is a triangle breakout and suggests 1.90-1.95% ahead, with Support now at 1.75-1.73%. As mentioned yesterday, we look for a "bear flattening" of the US Yield Curve over the next few weeks.

The 2Yr US Swap Cost (0.241%) is rising again after a dip to 0.1936% at the beginning of September. This suggests that the market favours a rise in US rates, even if it might be erring on the side of caution.

The German-US 2Yr Spread (-0.65%) has come down a bit more but the 10Yr Spread (-1.52%) has moved up by 1bp, as the German 10Yr (1.04%) has moved up from 0.98%. But, the German 10Yr faces trend Resistance near current levels and could be vulnerable to fresh declines towards 0.90% unless it breaks above the Resistance immediately. This could keep the Euro (1.2919) pressured on the downside.

In India, the 10yr GOI (8.51%) has dipped again from the rise to 8.5434% a day earlier. Overall trend is down at the moment with Resistance at 8.58-8.60%


9:00 GMT or 14:30 IST EU IND Prodn (MoM)
...Expected 0.6 % ...Previous -0.3 %

12:00 GMT or 17:30 IST IN IIP
...Previous - 3.40 %

12:00 GMT or 17:30 IST IN CPI
...Previous 7.96

12:30 GMT or 18:00 IST US Retail Sales (MoM)
...Expected 0.20 % ...Previous 0.02 %

Australia Labor Force
...Expected 15.2K ...Previous -4.1K ...Actual 121.0K

...Expected 2.2%...Previous 2.3%...Actual 2%

...Expected -1.1%...Previous -0.9%...Actual -1.2%






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 15 Oct 2018
AA 12:30 US- Retail Sales
Tue 16 Oct 2018
AA 08:30 GB- Employment
A 09:00 DE- ZEW Survey
A 13:15 US- Industrial Production
Wed 17 Oct 2018
AA 08:30 GB- CPI
A 09:00 EZ- Final HICP
A 12:30 US- Housing Starts/Permits
A 14:00 US- Existing Homes Sales
A 14:30 US- EIA Crude
AA 18:00 US- Fed Policy Minutes
Thu 18 Oct 2018
A 1:30 AU- Employment
AA 08:30 GB- Retail Sales
A 12:30 US- Weekly Jobless
Fri 19 OCt 2018
AA 12:30 CA- CPI/ Retail Sales

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