User Name: Password:      Register - Lost password?

2003  2004  2005  2006  2007  2008  2009  2010  2011  2012  2013  2014  2015  2016  2017  2018  2019  
January  February  March  April  May  June  July  August  September  October  November  December  
01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

Forex Forum Archive for 09/04/2016

Pick a date from the header above to view forum postings for that day.
Click here to join the Live Forex Forum.


SaaR KaL 23:09 GMT September 4, 2016
Nowhere north
Reply   
EURUSD going nowhere north until near 1.10 and less

GVI Trading Room john bland 13:00 GMT September 4, 2016
Monday Trading
Reply   


5-SEP Monday
Holiday- CA/US
All Day- Service PMIs
6-SEP Tuesday
04:30 AU- RBA Decision
09:00 EZ- GDP
13:45 US- Final SVC PMI
14:00 US- ISM PMI
7-SEP Wednesday
00:30 AU- GDP
14:00 CA- BOC Decision
8-SEP Thursday
11:45 EZ- ECB Decision
12:30 US- US- Weekly Jobless
15:00 US- Crude
9-SEP Friday
01:30 CN- CPI
08:30 GB- Trade
12:30 CA- Employment


Trading Themes --
  • August U.S. Non-farm Payrolls grew by only 151K in the month, while revisions to the June and July data turned out to be a wash. The street had been expecting a gain of 180K in the month, but importantly, average hourly earning increased a scant 0.12% in the month and hours worked declined.

  • There was no smoking gun in the report that should force a rate hike on September 21. In fact this report, taken with the contraction in the ISM Manufacturing PMI should be a cause for caution at the Fed. It would be wiser for the central bank to wait for more data before raising rates. The last thing they should do now is compound their many blunders by trying to save face.

  • Monday sees final Service PMIs for a number of economies. For most of the key reports, this will only be revisions to flash reports from about a week ago. The U.K. Service PMI is fresh data and will be watched for corrections to the post-Brexit psychological plunge. The U.S. and Canada are closed Monday for holidays.

  • John M. Bland, MBA
    co-founder Global-View.com


Amsterdam NordFX 12:24 GMT September 4, 2016
Forex Forecast for USD, GBP, JPY and CHF for 05 – 09 September 2016
Reply   
First, a review of last week’s forecast:

– as for the forecast for EUR/USD, those 50% of experts, which reckoned that, for sure, the pair would try to retest the bottom in the area of 1.1200, turned out to be right. The indicators on H4, which pointed to the south (where the pair did move early week), as well as the ones on D1, which predicted a sideways trend (on Thursday the pair returned to the figures of Monday), turned out to be right. Diverse data on the USA economy at the end of the week put in pie, and thus the pair started to jig up and down, and eventually it wrapped up the week at the level of 1.1150 – at that very area, where as far back as last June the long-term sideways trend, keeping EUR/USD within the range of 1.0500 – 1.1500, had started;

– with a small tolerance, the forecast for GBP/USD may be deemed as 100% fulfilled. As anticipated, first the pair went down – to the support of 1.3000, but when 50 points were left to reach it, the pair reversed and by the end of Friday it hit the resistance of 1.3320, specified by the experts, approaching the upper boundary of the sideways trend, alongside which it had been moving during the last two months;

– giving the forecast for USD/JPY for the week, the analysts indicated the level of 102.20 as the main resistance. As for the pair’s rise to the area of 105.00–107.00, the pair was supposed to spend at least one to two months to do so. However, it seemingly intends to do so much faster. At least, in the past week alone it surged up by 250 points and, having broken through the resistance of 102.20, it reached the high of 104.30;

– the assumption that USD/CHF tended to continue the sideways movement turned out to be correct – it finished the week at the same area, it had started from. As a reminder, during the past few months the analysts reckoned that it would strive to consolidate above the level of 0.9800. The pair made that very attempt once again also last week. However “the shoot to the north” failed to be convincing, and having got over just 85 points, the pair went back to the landmark level of 0.9800.

***
Forecast for the Upcoming Week:
Summing up the opinions of several dozen analysts from world leading banks and broker companies as well as forecasts based on different methods of technical and graphical analysis, the following can be suggested:

– EUR/USD. The opinions of the analysts still differ – 40% of them believe that the pair will go up – to the resistance of 1.1300. The remaining 60%, backed by the indicators and the graphical analysis on Н4, predict the pair’s fall first to the support of 1.1125 and then down to 1.1070. Afterwards, in their view, for a while the pair will be moving in a horizontal channel of 1.1000 – 1.1160 with the pivot level of 1.1070;

– clearly, assessing the prospects for GBP/USD, most indicators (75%) point to the north. As for the analysts, we may outline two scenarios. According to the first view (held by 80% of experts and the graphical analysis on D1), the pair will try to break through the resistance of 1.3370, and, once this happens, try to reach the highs of July 15 and June 29 - 1.3480 and 1.3530, respectively. As for the remaining 20% of analysts and the graphical analysis on H4, they believe that first the pair should plunge to the pivot level of summer sideways channel in the area of 1.3065. We’ll see which of these scenarios will play out early in the week. With this, note that data on the EU economy, and in particular, the ECB interest and deposit rates decision, may influence the change of the trend. However the mega-regulator is expected to keep them on hold;

– giving the forecast for USD/JPY, both the experts and the graphical analysis believe that the pair will be able to get over the resistance within 104.00 – 104.50, and it will have to move down to the support of 102.30. With this, the graphical analysis on D1 reckons that during the month the pair can go further down – to the level of 100.90;

– as to the last pair of our review – USD/CHF, the forecast here has been without any major changes for weeks – a gradual consolidation at the pivot level of 0.9800, which can be clearly seen on D1 and W1 charts. The nearest support will be at the levels of 0.9760 and 0.9735. The resistance will be at 0.9840, 0.9885, 0.9955. With this, if indicators on H4 take a neutral position, then the ones on D1 point up, reflecting the prevalence of bullish trends. The upcoming most significant events worth noting are release of GDP data from Switzerland on Tuesday and data on unemployment rate – on Friday.

Roman Butko, NordFX

Notice: These materials should not be deemed as a recommendation for investment or guidance for working on financial markets and they are for informative purposes only. Trading on financial markets is risky and it can lead to loss of money deposited.

 




Actionable trading levels delivered LIVE to YOUR charts

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

Mon 27 May 2019
AAGB/US- Holiday
Tue 28 May 2019
A 14:00 US- Consumer Confidence
C 13:00 US- Case-Shiller
Wed 29 May 2019
A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
A 12:30 US- Weekly Jobless
Fri 31 Mar 2019
AA 10:00 EZ- Flash HICP
A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan


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




pic

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
Managed Forex Accounts
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 Global-View.com.

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

Global-View.com 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 Global-View.com. 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.

 

WARNING: FOREIGN EXCHANGE TRADING AND INVESTMENT IN DERIVATIVES CAN BE VERY SPECULATIVE AND MAY RESULT IN LOSSES AS WELL AS PROFITS. FOREIGN EXCHANGE AND DERIVATIVES TRADING IS NOT SUITABLE FOR MANY MEMBERS OF THE PUBLIC AND ONLY RISK CAPITAL SHOULD BE APPLIED. THE WEBSITE DOES NOT TAKE INTO ACCOUNT SPECIAL INVESTMENT GOALS, THE FINANCIAL SITUATION OR SPECIFIC REQUIREMENTS OF INDIVIDUAL USERS. YOU SHOULD CAREFULLY CONSIDER YOUR FINANCIAL SITUATION AND CONSULT YOUR FINANCIAL ADVISORS AS TO THE SUITABILITY TO YOUR SITUATION PRIOR TO MAKING ANY INVESTMENT OR ENTERING INTO ANY TRANSACTIONS.

By using this website, you are agreeing to our Privacy Policy and Terms of Use, and Cookie Policy

Copyright ©1996-2019 Global-View. All Rights Reserved.
Hosting and Development by Blue 105

?>