The euro appreciated vis-√†-vis the U.S. dollar today as the single currency tested offers around the US$ 1.3235
level and was supported around the $1.3120 level. The common currency tested the $1.3120 level,
representing the 38.2% retracement of the move from $1.5140 to $1.1875, and
moved higher to erase some of yesterday‚Äôs losses.Traders were surprised by a
weaker-than-expected print in U.S. weekly initial jobless claims of 479,000, up
from the revised prior result of 460,000.Continuing jobless claims moved lower to 4.537 million from a revised
4.571 million.Other data saw July ICSC
chain store sales tick lower to +2.8% from 3.0%.Tomorrow‚Äôs release of July non-farm payrolls
data will be closely scrutinized to see if the U.S. labour market improved
early in the second half of the year.Forecasts
are focusing on job losses of 65,000 last month and are waiting to see if June‚Äôs
-125,000 result is revised.The
unemployment rate is expected by many to tick higher to 9.6%.Average hourly earnings data and average
weekly hours worked data will also be closely watched.The Federal Open Market Committee convenes
next week and is not expected to alter monetary policy.Some Fed-watchers believe the Fed may
eventually be forced to buy more assets at a time when it is trying to shrink
its balance sheet.In eurozone news, the European Central Bank kept interest rates
unchanged today, as expected, with the main refinancing rate steady at
1.0%.ECB President Trichet cautioned
eurozone economic growth will remain ‚Äúrelatively modest‚ÄĚ and said the economy is
said early economic data for the third quarter are improving from second
quarter data.Many banks expect the ECB
to keep official rates unchanged through the end of next year.The ECB will release revised economic
projections in September and there is a chance the projections will be narrowly
upgraded.Data released in the eurozone
today saw German factory orders climb 3.2% m/m and 24.6% y/y and June
industrial production data will be released tomorrow.Euro offers are cited around the US$
The yen appreciated
vis-√†-vis the U.S. dollar today as the greenback tested bids around the ¬•85.70
level and was capped around the ¬•86.45 level. Traders continue to test the ¬•85 handle amid
speculation Japanese monetary authorities may conduct yen selling-intervention to
prevent the pair from moving back that level. Some policymakers have warned the
stronger yen is having a negative impact on the economy while BoJ Deputy
Governor Yamaguchi reported on 21 July that companies are able to contend with
the yen‚Äôs strength better now than last year.Policymakers, however, are expected to discuss what their policy
responses might be if the yen continues to appreciate and the global economy
decelerates.July official reserve
assets will be released overnight along with the June leading index and June
coincident index.Bank of Japan is
expected to keep monetary policy unchanged next week when the Policy Board
convenes on 10 August.Finance minister
Noda this week verbally intervened against the yen‚Äôs recent appreciation,
noting moves have been ‚Äúa bit one-sided.‚ÄĚ Noda reported ‚ÄúOur basic stance is
that disorderly and excessive currency movements are undesirable and can have a
negative impact on the stability of the economy and finance.‚ÄĚHe added he will ‚Äúcontinue to monitor
developments in markets more carefully.‚ÄĚ The Nikkei 225 stock index gained 1.73%
to close at ¬•9,653.92.U.S. dollar bids
are cited around the ¬•85.30 level.The euro
moved lower vis-√†-vis the yen as the single currency tested bids around the
¬•112.75 level and was capped around the ¬•113.90 level.The
British pound moved lower vis-√†-vis the yen as sterling tested bids around
the ¬•135.75 level while the Swiss franc moved
higher vis-√†-vis the yen and tested offers around the ¬•82.50 level. In Chinese news, the U.S. dollar depreciated
vis-√†-vis the Chinese yuan as the greenback closed at CNY 6.7714 in the
over-the-counter market, down from CNY 6.7736. The government is said to have instructed
banks to conduct stress tests to quantify the potential impact of a 60% slide
in real estate prices.People‚Äôs Bank of
China reported ‚Äúthere is still a need to strengthen the management of inflation
British pound appreciated vis-√†-vis the U.S. dollar today as cable tested offers
around the US$ 1.5920 level and was supported around the US$ 1.5820 level. As expected,
Bank of England‚Äôs Monetary Policy Committee kept its main Bank rate target unchanged
at 0.50% and kept its asset purchase target unchanged at ¬£200 billion.Data to be released tomorrow include July
input and output data, June industrial production, and June manufacturing
production.Yields on ten-year gilts
reached their lowest level in fifteen months.The BoE‚Äôs quarterly inflation report will be released on Wednesday.Earlier this week, former Bank of England
Monetary Policy Committee members Gieve and Goodhart warned interest rates in
the U.K. will move higher more sharply and earlier than expected.Gieve noted he ‚Äúwouldn‚Äôt at all be surprised
to see interest rates at 2.5% a year from now,‚ÄĚ adding the Bank will want to
normalize policy ‚Äúmore quickly‚ÄĚ when the recovery is established.Cable bids are cited around the US$ 1.5640
level.The euro appreciated vis-√†-vis the British pound as the single
currency tested offers around the ¬£0.8325 level and was supported around the
franc appreciated vis-√†-vis the U.S. dollar today as the greenback tested bids
around the CHF 1.0410 level and was capped around the CHF 1.0540 level. Swiss National Bank reported its foreign
reserves declined for a second consecutive month in July, an indication the
central bank may be paring the massive amount of euro it accumulated during
franc-selling interventions earlier this year.Data to be released in Switzerland
tomorrow include the July unemployment rate.Data released in Switzerland this week saw July consumer price inflation
off 0.7% m/m and up 0.4% y/y while June retail sales declined to +0.9% y/y from
the revised prior print of +3.9% y/y.Also,
the July PMI manufacturing survey improved to 66.9 from the prior reading of
65.7 and the SNB July quarterly KOF employment indicator improved to 11.2 from
a revised 3.8 in April. U.S. dollar
offers are cited around the CHF 1.0980 level.The euro depreciated
vis-√†-vis the Swiss franc as the single currency tested bids around the CHF 1.3750 level while the British pound moved lower vis-√†-vis
the Swiss franc and tested bids around the CHF 1.6565 level.
Forex Trading News
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
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 LIVE to YOUR charts
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.
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.
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.
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 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.
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.
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.