User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Tuesday December 9, 2014 - 03:56:03 GMT
FX Thoughts for the Day -

Share This Story:
| | Email

Morning Briefing : 09-Dec-2014 -0356 GMT

GOOD MORNING! STOCKS Though Equity markets have done well since mid-October with some spectacular gains. We need to be cautious as the momentum is waning. There are first possibilities of reversals especially in US markets. Such tight is the range on the Dow (17,852.48, -0.59%) that despite its worst fall in many weeks, Dowhardly came off 0.6%. We continue to advise caution as indices are in precarious positions near the top and tight ranges. For immediate term, one must closely watch the price action in SP500 at 2,048 levels. A break below may signal a large corrective. Nikkei (17,871.50, -0.36%) came off the highs of 18,000 as USDJPY fell back to its supports. We expect a retest of 18,000 levels, and a break above for the targets of 18,250 and 18,350. After another remarkable rise Shanghai (3013.98, -0.18%) is consolidating as of morning. All the earlier targets have been met. Next targets on board are 3,062, 3095 and 3170. We have no reason to think this bull run is stopping right now, so we trade with the trend. However, late entrants unless long term investors should use strict stop losses. Any corrections in medium term is an opportunity to buyShanghai. Bulls successfully held Dax (10,014.99, -0.79%) above 10,000 levels. We expect the bull trend to continue, however suggest a strict stop loss below 9,800 levels. Nifty (8,438.25, -1.17%) saw one of its steepest fall in many weeks. The support for the day are at 8,435, 8,400 and 8,320. If 8,435 holds in morning trades we may see a bounce to test 8,500 resistances. As mentioned earlier Nifty is vulnerable to year-end profit-booking as it is the best performer for 2014 globally. COMMODITIES Gold (1201.70) and Silver (16.330) are in a stable mode with no major movements happening just now. Small moves may continue now and we may see a rise towards 1225 and 18 respectively in the mid-term. Brent (65.92) and Nymex WTI (62.65) continues to trade lower with strong bears still on the cards. No immediate signs of reversal and the fall may continue for some more time targeting lower levels of 60and 58 respectively. Copper (2.9030) continues to fall and while it remains below 2.95 we may expect a downside target of 2.85-2.80 in the coming weeks. Overall trend is down. FOREX Euro (1.2309) made another year-low at 1.2249. The trend continues to be down but with each lower bottom, the momentum is understandably decreasing. Levels of 1.20-1.21 are expected to be very strong support, leading to profit-taking in Dollar gains. Pound-Dollar's (1.5638) fell to the lows of 1.5540 but is now back into its November ranges. We expect today's trade within the range of 1.5600 to 1.5720. Dollar-Yen (120.70) as expected retraced to retest 120, giving us opportunity to re-enter long trades. However, due to several factors like hedge fund profit booking, political uncertainties, BOJ reactions, we have to watch out for possible downsides, even to the possibility that USDJPY may have topped at 121.80. Strict stop losses are advised. Dollar-Rupee (61.83) has dipped to our buy-region of 61.70-61.80. We expect this support to hold, and Dollar-Rupee to move up to 62.20-62.35 by end of December. Aussie-Dollar (0.8248) trades at the day's low as economic confidence indicators plummet. It is near the target levels of 0.82. However the clamor for rate cuts if translated could take AUDUSD into 70s-handle. INTEREST RATES The Japanese bond yields are showing some signs of near term rise while in an overall long term downtrend. The 5Yr (0.083%), 10Yr (0.432%) and 30Yr (1.413%) have risen a bit and may continue so in the near term. The 10Yr yield may rise towards resistance near 0.5 while the 5Yr may move up to 0.1-0.15% before resuming the fall. The German and Italian yields have fallen sharply on speculation that the ECB will start buying sovereign debt next month. The German 2Yr (-0.037%) is down from -0.013% and the German 10Yr (0.713%) has also fallen from 0.779%. Italian 10Yr yield (1.952%) has fallen 0.24 basis points, lowest in the last few years. The US bond yields have declined. The 2Yr (0.633%), 5Yr (1.668%), 10Yr (2.263%) and the 30Yr (2.909%) have all fallen from 0.641%, 1.680%, 2.305% and 2.965% respectively. Indian 10Yr (7.9170%) continues to fall as expected and may soon target our levels of 7.80% in the coming weeks. Rupee may either remain stable or strengthen getting a boost from the yield. DATA TODAY No major data release today. DATA YESTERDAY:- CN Trade Bal ...Previous 45.4 Bln ...Actual 54.5 Bln ...Expected 44.3 Bln JP GDP ...Actual -0.5 % ...Expected -0.1 % ...Previous -0.4 %


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."

Actionable trading levels delivered to YOUR charts in real-time.

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 12 Nov 2018
AA CA/US Holiday
Tue 13 Nov 2018
AA 09:30 GB- Employment
A 09:00 DE- ZEW Survey
Wed 14 Nov 2018
AA 09:30 GB- CPI
AA 09:30 EZ- GDP
A 14:30 US- EIA Crude
Thu 15 Nov 2018
A 01:30 AU- Employment
AA 09:30 GB- Retail Sales
A 12:30 US- Weekly Jobless
Fri 16 Nov 2018
AA 10:00 EZ- Final HICP
A 14:15 US- Ind Prod/Cap Util

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