Trade Monday will be subdued due to holidays Monday in the U.K. and China. The rest of the week will see several holidays in Japan due to "Golden Week" observances. Otherwise, the week features monthly PMI readings and the always key U.S. employment data Friday.
Tokyo markets were closed on Friday, The JPY remained in demand in the wake of the surprise decision by the Bank of Japan Thursday to keep policy steady. Markets remain surprised that BOJ so badly misjudged market sentiment into the meeting. We assume the Bank of Japan has been in trying to put a floor under USDJPY.
Despite a poor March German Retail Sales report today, the EUR remains in demand. The USD is generally weak following a poor performance by U.S. stocks after investor Carl Icahn indicated that he had turned bearish on stocks yesterday and that had taken profits on his holdings in Apple due partially to worries about China.
John M.Bland MBA, CTA, co-founder global-View.com
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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.
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 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.
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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.
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