User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday December 12, 2014 - 03:18:35 GMT
FX Thoughts for the Day -

Share This Story:
| | Email

Morning Briefing : 12-Dec-2014 -0318 GMT

GOOD MORNING! STOCKS Dow (17,596.34, +0.36%) retested 17,700 levels before giving up all the gains. 17,500 is now a crucial support, a break below would trigger a larger slide. For now, the target at 17,200 remains valid. Nikkei (17,474.90, +1.26%) has bounce from the psychologically important 17,000 mark. and is now testing the 17,500 levels. Above 17,500, the targets are 17,800. 17,680 would be a tough resistance on the way up. Shanghai (2,946.30, +0.70%) has bounced from 2900 but some more down trend is left before the rally resumes. The immediate target is the retest of 2,900 and on the break of 2,900. The targets 2,850 and 2,800 mentioned earlier remain valid. Dax (9,862.53, +0.64%) remained choppy but failed to cross above 9,900. The target of 9,620 remains valid. A break below 9,600 levels could trigger a larger downtrend. However, the hopes of ECBs QE are likely support the market. Nifty (8,292.90, -0.79%) saw a very weak close. We are likely to see the downtrend continue. The next targets on horizon are 8,200 and 8,145. As repeated, Nifty is very much vulnerable to profit-book by FIIs. With few high liquidity sessions remaining for 2014, the selling pressure would remain. COMMODITIES Silver (17.092) has been held well below the crucial resistance near 17.29 and while this holds we may see some sideways consolidation in the 16.5-17.3 regions Gold (1225.46) has also been hit by the resistance near 1237 and it may trade lower for some sessions now before rising any further. Brent (63.20) and Nymex WTI (59.22) have fallen further down and the bears are very strong for now. No near term indication of any reversal is seen. Near term remains bearish. Copper (2.9190) remains stable for now with no major movement. FOREX Euro (1.2397) failed yet again to cross 1.2500. A break below 1.2360-1.2340 would initiate another leg of downtrend targeting 1.2250 and 1.2200. Pound-Dollar's (1.5684) is continuing in its November range. The bearish formations in EURGBP (0.7885) are helping keep the Pound stable. Dollar-Yen (118.89) rose to 119.50 but could not clear the Fibonacci resistances. For the day, we expect it to trade below 119.60 resistances. The long term trend remains bullish, however in short term the trend is weak. Dollar-RUPEE (62.33) moved to test the pivot levels of 62.35. A break above would be bullish for Dollar-Rupee with targets in 63+ regions. We will need to watch the price action closely at this pivot. The short term Dollar-exposures could be sold at 62.35. Aussie-Dollar (0.8260) made a new low at 0.8213. This trend of new lows is likely to continue withAussie expected to weaken substantially in 2015. INTEREST RATES The Russian Central bank raised rates to 10.5% from 9.5% yesterday in an attempt to halt the falling Rouble hit by the falling Oil prices. Russian 10Yr yield (12.280%) fell from 12.785% while USDRUB (54.95) continues to extend its upward movement. The Italian bond yields continue to rise while the German yields on the other hand remained stable at lower rates. The 5Yr (1.590%) has risen while the 10Yr (2.1581%) has fallen. Overall the US yields are falling and may continue in the near term. Indian 10-Yr GOI (7.8665%) is falling in line with our expectations and may see levels of 7.80% next week before rising from there while the market expects some restraint to continue in India's fiscal and monetary policy. DATA TODAY 5:30 GMT or 11:00 IST CN Retail Sales ...Expected 11.5 % ...Previous 11.5 % 5:30 GMT or 11:00 IST CN Ind Prodn ...Expected 7.6 % ...Previous 7.7 % 10:00 GMT or 15:30 IST EU IND Prodn (MoM) ...Expected 0.2 % ...Previous 0.6 % 12:00 GMT or 17:30 IST IN IIP ...Previous 2.5 % 12:00 GMT or 17:30 IST IN CPI ...Previous 5.52 13:30 GMT or 19:00 IST US PPI ex Food & Energy (MoM) ...Expected 0.10 % ...Previous 0.1 % DATA YESTERDAY:- Australia Labour Force ...Expected 15.20 K ...Previous 13.7 K ...Actual 42.7 K SNB Meeting ...Expected <0.25 % ...Previous <0.25 % ...Actual <0.25 % US Retail Sales (MoM) ...Expected 0.4 % ...Previous 0.5 % ...Actual 0.7 %


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