User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday December 24, 2014 - 03:35:57 GMT
FX Thoughts for the Day -

Share This Story:
| | Email

Morning Briefing : 24-Dec-2014 -0336 GMT

GOOD MORNING! STOCKS US Q3 GDP was revised to a spectacular 5% from the initial estimates of 3.9% and 4.3%. These revisions are good for equities, however also points to the fact the US economy is recovering faster than many have expected. This brings the FEDís rate hike in 2015, a near certainty, and probably even shifts the dates closer. Dow (18,024.17, +0.36%) reached new highs and above 18,000 though on a low volume day. The ranges were largely intact with minor moves. While these growth rates are good for long term price-earnings while the stronger dollar and almost imminent rate hikes in mid-2015 could spoil the scene. Nikkei (17,823.55, +1.07%) gained with depreciating Yen. A good US economy is good for Japan, Japan's main trading partner. In medium term, We expect Nikkei to trade within the broad range of 18,000 to 16,500. Increased margining requirements to curb speculation are having a bearish impact on Shanghai(2,990.10, -1.40%). We expect the markets to test 2,900 levels in short term. The long term trend remains bullish, and any corrections in medium term is a good opportunity to buy. Dax (9,922.11, +0.57%) had a slow day however the underlying sentiment continues to be bullish. The Weaker Euro, impending ECB's QE and a better export market in US keep the index buoyant. We expect the index break into new highs in January. Its an option expiry day on Nifty (8,267.00, -0.68%) today. Though index could be more choppy than expected, open interest suggests we may see a close near the 8,300 strike. COMMODITIES Gold (1177.54) is heading towards next support levels near 1165 from where we may see a short term bounce back to 1195-1200. Till then we may see some fluctuation in the 1165-1200 zone. Silver (15.735) is stable for now and has a possibility of seeing lower levels of 15.25-15 levels in the coming weeks. Nymex WTI (56.80-) and Brent (61.38) are trading lower and has been ranged sideways for quite some sessions now. We may see the ranged move extended till the end of the month and may see fresh directional signal is seen. Overall trend remains down. Copper (2.9020) has been fluctuating in the 2.95-2.85 region as expected and may continue for some more time. No major movement expected as of now. FOREX Much better than expected US GDP revision boosted Dollar Index (90.06) to the highs of 90.16 levels last seen in early 2006. Euro (1.2173) continues to make new lows near the fag end of the year and below important long term averages. The bearish implications for 2015 are becoming clearer. The next important supports are at 1.2150 and 1.2120. Pound-Dollar's (1.5505) too fell to new longs and with an uncertain break from the range. 1.5550 and 1.5600 are the immediate resistances. We could see a retest of these resistances, and possibly move back into the range of 1.5600-1.5750. Dollar-Yen (120.44) drifted up on general Dollar bullishness. The resistances are at 121.10 (minor) and 121.50 (important). The immediate bias is bearish with a possible drop to 119.00 and 118.50, which are also the key supports. Long term trend, however, remains bullish. Dollar-RUPEE (63.28) is likely to move up to 63.50 again on the broad Dollar strength. However, the broad range expectations of 63.90 to 62.83 remains intact, and we do not expect a breakout ahead of long holidays. Aussie-Dollar (0.8108) weakened on Dollar strength but the break down was half-hearted on account of low volumes. The trend support at 0.8080 should hold in short term. INTEREST RATES Markets seem to stabilize before the holidays. We are unlikely to see large moves until the holidays are over. The US treasury yields are almost stable with the short term yields increasing and the longer term decreasing clearly into mid-term curve flattening. The German yields and the UK Gilts are also stable for now. The Russian Ruble has been strengthening for 3 consecutive sessions now and may see some recovery in the near term. Indian 10Yr GOI (7.9217%) has been ranged in the 7.92-7.96 zone but while below 8% we may see 7.8% in the near term. DATA TODAY No major data release today. DATA YESTERDAY:- UK GDP ...Expected 0.70 % ...Previous 0.86 % ...Actual 0.67 % US Personal Income ...Expected 0.60 % ...Previous 0.3 % ...Actual 0.4 % US PCE Price Index M/M ...Expected 0.1 % ...Previous 0.2 % ...Actual 0.0 % US Durable Goods Orders ...Expected 3.00 % ...Previous 0.3 % ...Actual -0.7 % US GDP ...Expected 4.30 % ...Previous 3.9 % ...Actual 5.0 % CA GDP ...Expected 0.1 % ...Previous 0.4 % ...Actual 0.3 % US New Home Sales ...Expected 461 K ...Previous 445 K ...Actual 438 K


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