User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Thursday October 30, 2014 - 03:14:03 GMT
FX Thoughts for the Day - www.fxthoughts.com

Share This Story:
| | Email

Morning Briefing : 30-Oct-2014 -0313 GMT

GOOD MORNING!

STOCKS
Generally bullish outlook for Equities despite the end of QE with the exception of the Dax and Shanghai.

The Dow (16974.31, -0.18%) dipped to an intra-day a low of 16895 on the end of QE, but closed indecisive with minor losses. Current trend remains bullish to 17150, maybe even 17350, while the near-term Support at 16850 holds.

The Dax (9082.81, +14.62, +0.16%) seems hesitant to rise past 9200, which keeps it vulnerable to fresh declines in the medium term, as the big Bear SHS is still in play. A rise past 9200 and 9400 is needed to negate the bearishness.

The Nikkei (15610, +95.71, +0.62%) is holding onto gains of the last few days. A Close above 15600 today will open up chances of 16000 on the upside putting the structural weakness mentioned yesterday on the backburner.

The Shanghai (2377, +0.18%) trades just below crucial Resistance near 2380. Failure to rise past 2380-90 and 2410 could make it vulnerable to fresh profit-taking. Not looking as bullish as the others.

The Nifty (8090, +62.85, +0.78%) finally closed above 8050 yesterday and may well open higher and move up towards 8200 today.

COMMODITIES
Gold (1213.23) dropped sharply as Dollar strengthened after the FED meeting yesterday. As said earlier, there is a possibility of retesting 1200-1180 levels in the near term. Near term is bearish.

Silver (17.20) however continues to remain stable with some bearish possibility coming in. Trading just above crucial levels, a fall below 17 may take it steadily lower to 16.5-14 levels.

Nymex WTI (81.90) showed some positive move yesterday but is yet to break above 84. If the rise continues we may expect a rise towards 84-86 soon. The range of 80-84 holds well for now keeping the near term positive.

Brent (86.98) is also showing some signs of rising but confirmation can only come if it sustains above 88.5. Near term looks positive and we may see a rise towards 90.

Copper (3.0820) dropped from crucial mid-term resistance near 3.1140 after the FED’s decision to end the purchase of bond. However this is a short term correction which may last for a couple of sessions before rising sharply again towards 3.10-3.1140.

 

FOREX
Strong rise in the Dollar against the Euro (1.2600), the Yen (109.10) and Pound (1.5974) after the FOMC meeting yesterday. While the Dollar has definitely picked up yield advantage, the rise in Dollar-Yen has been aided by the rise in Nikkei as well.

The Euro and Pound could see accelration on the downside on breaks below 1.2565 and 1.5900 respectively, targeting 1.2500 and 1.5800 in the near term. Dollar-Yen looks set to rise towards 110 and possibly higher.

The Aussie (0.8776) had risen to as high as 0.8911 in the US session yesterday, but has fallen sharply after the FOMC. A further dip to 0.8700 is possible on a dip below 0.8750 but the overall outlook may be ranged for a couple of days. The Aussie is not as bearish as the three Majors in the near term.

Decent chances that Dollar-Rupee (61.3550) will move up towards 61.50 today on the overall Dollar strength globally.

The Russian Rouble (43.17) continues to lose big time. It has fallen 23.8% since 33.54 in June.

INTEREST RATES
Apart from ending QE as slated, the FOMC made mention of "“solid job gains and a lower unemployment rate”,

Decent rise in the US 2Yr (0.48%) yesterday from 0.42% the day before after the end of QE. The 5Yr (1.58%) and 10Yr (2.31%) have also risen but may still have Resistance near 1.60% and 2.35-40% respectively. The charts are not unambiguously calling for higher rates yet and overall Curve flattening is still a valid possibility for some more time.

The US-Japan 10Yr spread (1.85%) has moved up slightly. It is now back in bullish territory and could move up towards 1.90% and even higher. The German-US 2Yr Spread (-0.52%) has moved down more and looks further bearish towards -0.55% and lower.

The Indian 10Yr GOI had closed lower at 8.3178% yesterday. Further fall towards 8.25% is possible in case of a break below 8.30%. Interestingly, Brazil has raised interest rates on the other side of the Emerging Markets world. The markets have not taken kindly to the re-election of Dilma Rouseff.

DATA TODAY



9:00 GMT or 14:30 IST EU Biz Climate
...Expected 99.5 ...Previous 99.9

12:30 GMT or 18:00 IST US GDP
...Expected 3.10 % ...Previous 4.50 %


DATA YESTERDAY:-
US FOMC Meeting
...Expected <0.25% ...Previous <0.25 % ...Actual <0.25 %

 

 

 

 

 

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