User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Monday September 3, 2007 - 13:57:32 GMT
FX Thoughts for the Day -

Share This Story:
| | Email

FX Thoughts for the day - Evening - 03-Sep-2007....1156 GMT

Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY by registering at

Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below

USD-CHF @ 1.2090/5...Near Range Resistance
R: 1.2100 / 1.2155
S: 1.2040 / 1.2000-1990
USD-CHF is in a sideways trend and has more of less traded within a range of 1.1950-2125 for over two weeks now, except for few brief intraday dips to 1.1960. This range could remain valid through the week. If there is a move above 1.2125 on a daily close basis, we could see a test of 1.2203, the 200-DMA. On the downside a break below 1.1960 on a daily close basis is required to see a larger fall. A dip towards 1.2000-1990 could be used to buy the pair in the week.

For today the Resistance is at 1.2100-25 and at 1.2155, the statistically projected Max High for the day. On the downside the Support is at 1.2040 and 1.1991, the statistically projected Max Low for the day. We would like to buy a dip.

 GBP-USD @ 2.0165/70...Uptrend. Can buy dip
R: 2.0183 / 2.0213 / 2.0249 / 2.0282
S: 2.0142-28 / 2.0083 / 2.0041-31 / 1.9960
The Pound had fallen and closed below the 20-week MA for the week ended 17-Aug. However, it has closed above the 20-week MA in the two weeks that have followed. This is a very bullish signal. The charts also show a trendline Support near 2.0083 on a line joining the Lows at 1.9650 (June-07) and 1.7252 (Apr-06) on the Weekly Candles. This trendline had been broken in the mid-August plunge, but the market trading above it again. Technically, therefore, GBPUSD appears to be bullish. The EUR-GBP rate also seems to be moving sideways and since we are bullish EURUSD, we have to be bullish GBP-USD as well.

There is a small point of concern. The Bank of England meeting is scheduled for this Thursday (please click on The market consensus is that rates will remain on hold. The GBP Libor is trading far higher than the BOE rates. At the same time, however, the UK CPI has been falling for the past few months (please click on As such, could it be that the BOE may be dovish, even if they do not raise rates this time.

Taking both of the above together, there could be chances of a dip towards 2.0085, possibly even 2.0050 in the early part of the week, giving a chance to buy on dip.

In case of an immediate rise past 2.0185 today, look for a test of 2.0240 over the rest of today-tomorrow.

Not placing any trade immediately. Will be looking to square a further part of the GBP Put Option we had entered into 19-July.


 AUD-USD @ 0.8212/16...Resistance near 0.8245-50
R: 0.8240-50 / 0.8298
S: 0.8170 / 0.8146-40
The overall trend is bearish while the Aussie trades below 0.8260-90.

Last week, AUD-USD was very choppy, moving in a different direction on each day. It remained below 0.8240-50 on the upside, which would be an important Resistance this week as well. A move above that may lead to a rally towards 0.8330. On the downside it is important to note that last week, inspite of intraday whipsaw moves, AUD-USD held above it’s 200-MA of 0.8146 on a closing basis. This indicates that a close below this is required to see the current overall bearish bias gathering fresh strength. For the first part of the week, the pair could be indecisive between 0.8150 and 0.8240.

For today the Support for the pair is at 0.8170 and 0.8146, the 200-DMA. The Resistance is at 0.8240-50 (already tested during the day) and then at 0.8298, the statistically projected Max High for the day.

RBA meets this week on Wednesday, where they are expected to hold rates. See charts at

Australian Labor Force is out on Thursday. See chart at


Happy Trading!


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.

Register To Test Your Amazing Trader

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

Mon 19 Mar 2018
Tue 20 Mar 2018
AA 9:30 GB- CPI
A 10:00 DE- ZEW Survey
Wed 21 Mar 2018
AA 03:00 AU- Employment
AA 9:30 GB- Employment
A 12:30 US- Current Account
AA 14:00 US- Existing Homes Sales
A 14:30 US- EIA Crude
A A 18:00 US- Fed Rate Decision
A 21:00 NZ- RBNZ Rate Decision
Thu 22 Mar 2018
AA All Day flash PMIs
AA 9:30 GB- Retail Sales
AA 12:00 GB- Bank Of England Decision
A 13:30 US- Weekly Jobless
Fri 23 Mar 2018
AA 12:30 CA- CPI/Retail Sales
A 12:30 US- Durable Goods
A 14:00 US- New Homes Sales

John M. Bland, MBA
co-founding Partner,
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.



Copyright ©1996-2014 Global-View. All Rights Reserved.
Hosting and Development by Blue 105