Syd 23:56 GMT October 6, 2010
Reply
The Gillard government continues to defy a Senate order for the public release of figures and assumptions that back up projected revenue from Labor's planned mining tax.
Mr Swan is standing by Treasury estimates the minerals resource rent tax will raise $10 billion from the mining sector.
"(It) is very market sensitive and it is simply absurd to suggest that sort of information should be put into the public arena."Mr Swan said it would be "extremely damaging" to the three companies and to the national interest if commercial-in-confidence information was made public.Independent senator Nick Xenophon, who supported the coalition move in the Senate last week, said there had been a lack of transparency in the debate about the tax and too little information had been made available."Poor policy may well have come out as a result of that," he told ABC Radio.The three big miners now had a commercial advantage over their smaller rivals, Senator Xenophon said."The issue of the future of Australia's mining industry will be driven by the new and emerging miners in the long term," Senator Xenophon said.
The review would begin deliberations with the mining sector today.
AAP
Syd 23:34 GMT October 6, 2010
Reply
Speaking in Brussels, Mr Wen hit back at international criticism of China’s currency policy, saying that acceding to demands for a faster rise in the renminbi could cause social unrest in China. LINK
Yet isnt this already happening across Europe !!
Anti-austerity protests sweep across Europe
BRUSSELS – Tens of thousands of workers marched Wednesday through the streets of Europe, decrying the loss of jobs and benefits they fear will come with stinging austerity measures seeking to contain government debt.
LINK
HK RF@ 23:06 GMT October 6, 2010
Reply
.
My last two posts were deleted, and this one should not be counted, so my credit remained 2 more posts to square my account with the fish vendor from Hackney.
Syd 22:58 GMT October 6, 2010
Reply
Two men have been arrested in relation to a corruption probe into Securency International Pty. Ltd., the currency note company jointly owned by Australia's central bank and Innovia Films.Securency didn't respond to a request for comment, while the Reserve Bank of Australia wasn't immediately available to comment.
Syd 22:34 GMT October 6, 2010
Reply
WASHINGTON (Nikkei)--Efforts by countries to weaken their currencies are a sign of larger problems that could lead to protectionism and undermine the global economic recovery, the Nikkei reported in its Thursday morning edition citing World Bank President Robert Zoellick. Zoellick says the World Bank predicts that growth for the global economy will decline slightly in 2011 compared with 2010 as growth levels off in developing countries, which have been driving the overall economic recovery. China is not going to keep growing about 11%, and the same is true for India, he said.
GVI Forex john 22:17 GMT October 6, 2010
WHAT'S THE BUZZ?
Entry: Target: Stop:
Far East Open Topics for 7 October 2010
A new Forex Forum thread DISCUSSION of what the markets will be trading on.
- USD: This is strong USD downtrend.
- USD: Watching 10-yr. Last 2.392% -1bps post-ADP. QE speculation alive; USD weaker. Need Fri confirmation.
- USD: Focused on 2-yr also. Last 0.38% -2bp. Not as volatile as 10-yr. Points to lower USD.
- USD: U.S. is running a weak "benign neglect" USD policy.
- USD: Asian CB's selling intervention USDs for EUR, GBP, JPY & AUD.
- EUR: EUR primary USD alternative.
- EUR: ECB Thurs. No rate change seen but see excessive ease exit talk.
- UK: BOE Thurs. Steady rates but more quantitative ease soon.
- JPY: BOJ ease broad market catalyst. Target: weaker JPY.
- JPY: BOJ lurking. 83.00 in play.
Click on the title link for details over past days.
Hit Reply to respond. This must be two-way feature to work. We need you to comments to keep it current. We also need
contributions on the technicals.
Syd 22:03 GMT October 6, 2010
Reply
The yuan will be a key topic at the Group of 20 summit in Seoul next month as imbalances remain despite the recent appreciation of the Chinese currency, German Economics Minister Rainer Bruederle said Wednesday.
European Union officials Tuesday said China's currency remains undervalued that this could hurt EU recovery
Investors have shifted funds to developing and emerging markets, pushing up their currencies. As a result, over the last few days, the central banks of South Korea, India, Malaysia, Taiwan, the Philippines and Singapore have all apparently been in the market selling their own currencies against the dollar in a move to push their currencies back down.
IMF cuts global growth prospects
GLOBAL growth will slow more sharply than expected in 2011 as advanced economies slash their budgets, the International Monetary Fund says. Growth prospects for the US took the IMF's largest downgrade, falling to 2.3 per cent from a previous estimate of 2.9 per cent
LINK
Syd 21:47 GMT October 6, 2010
Reply
WASHINGTON (Dow Jones)--Trade wars could break out if global financial leaders don't find a way to break the impasse over currencies, the World Bank's chief economist for Latin America and the Caribbean said Wednesday. Augusto de la Torre said rising frictions over exchange rates are being driven in large part by yawning gaps in interest rates between advanced and emerging economies, which is resulting in heavy capital flows into the higher-yielding emerging markets. "If we don't resolve this situation, one result will be a trade war," he said. One way to break the impasse would be for China to agree to allow the yuan to appreciate more rapidly against the dollar, which would relieve pressure on currencies of other emerging economies, said de la Torre during a briefing.
He expects the issue to be a major topic of discussion when finance ministers and central bankers convene for this week's annual meeting of the World Bank and International Monetary funds.
The Gold Bubble? You know something funny’s happening in the gold market when the page three girl in the Sun newspaper starts quoting the shiny metal’s futures price.
As Peta, 23, from Essex, did this morning. For those not in the know, by the way, the Sun’s page three is about naked flesh rather than naked options or even naked greed. It brings to mind Joseph Kennedy’s claim that he knew, in 1929, to get his money out of equities when the shoe-shine boy started giving stock tips.LINK
Syd 21:36 GMT October 6, 2010
Reply
European Union leaders said that they had urged Chinese Premier Wen Jiabao to act to raise the value of China's yuan currency, during a fractious summit in Brussels. "We stressed that structural reforms in Europe and in China were essential, and highlighted the role of appropriate exchange rates," EU President Herman Van Rompuy and European Commission chief Jose Manuel Barroso said on Wednesday in joint remarks released at the end of talks that lasted under three hours."We underlined the importance of rebalancing global growth and reducing global imbalances," the pair said, referring to concerns that an undervalued yuan skews trade flows in favour of cheap Chinese exports. An EU source told AFP that the effort to get China to ease its policy of pegging the yuan to the US dollar, at a time when the euro has hit an eight-month high on currency markets, fell flat. "We put our cards on the table," the source said. "We heard each other out and managed to establish a dialogue of sorts in the economic sphere. "But it was not an easy summit."Earlier, Wen had told a Europe-China business forum: "I say to Europe's leaders - don't join the chorus pressing (China) to revalue the yuan. "A sharp yuan appreciation would "cause many Chinese companies to go bankrupt, casting people out of work ... and creating social unrest," Wen said.The summit, which started an hour late, ended with Wen, due next in Rome for talks with Italian Prime Minister Silvio Berlusconi, left without meeting the Western media.A planned press conference was cancelled when it became clear that time constraints and sharply diverging views on currency, trade, representation for emerging nations in global institutions, and human rights issues, dear to the EU's heart, would not be bridged, the EU source added. Van Rompuy and Barroso said that the EU also told Wen of "the need for a level playing field in China for our businesses," including the "opening up of public procurement" - government contracts. Europe has threatened to make it tougher for Chinese companies to win major contracts if it does not ease barriers.Rompuy and Barroso also noted that on the issue of greater representation for emerging economies on global bodies such as the International Monetary Fund - something Beijing wants to see - more say came with added responsibilities."We underlined that enhanced representation should go hand in hand with enhanced responsibilities in global governance," the two said.Changes to board representation are likely to figure at the upcoming IMF annual meeting in Washington. The EU has offered reforms, including changes to its own seats, but attached a host of conditions in return.
AFP
GVI Forex john 21:26 GMT October 6, 2010
GVI CHART POINTS
Entry: Target: Stop:
Trading Resources...
Syd 21:22 GMT October 6, 2010
Reply
The gold market's fierce rally this week could be due for a correction if the telephone on hedge fund manager Dennis Gartman's desk remains true to form as a leading indicator.
LINK
Currency War? Why Countries Are Rushing to Devalue
LINK
Charts: Dow Likely Seen its Peak for Now
LINK
Terrorist attack in Britain is 'very likely' according to extreme French Foreign Ministry warning
LINK
West is being 'outspent, outmanoeuvred and out-strategised' by Islamic extremism, warns Blair
LINK
China to EU: Tone Down Yuan Criticism
"If the yuan is not stable, it will bring disaster to China and the world," he said in a speech to top EU officials and businesspeople, who have recently joined the U.S. in publicly demanding that Beijing let the value of its currency appreciate.
LINK
Lahore FM 21:10 GMT October 6, 2010
Sell Crude
Entry: 83.37 Target: Stop: 84.60
sold nov crude.
Melbourne Qindex 20:54 GMT October 6, 2010
Reply
EURUSD
Entry: Target: Stop:
The followings are still valid :
Melbourne Qindex 10:41 GMT October 3, 2010
EUR/USD : Critical Point 1.3963 : Reply
Buy EURUSD
Entry: Target: Stop:
EUR/USD : Critical Point 1.3963
The weekly cycle matrix system indicates that a significant barrier is positioning at 1.3963 // 1.4163. The bias is on the upside when the market is able to close above the barrier at 1.3732 // 1.3749. The market is going to tackle the barrier at 1.3844 // 1.3866 during early period of next week. Speculative buying interest will increase when EUR/USD is above 1.3800 (see the series at Monthly Cycle Reference / Normal Lower Limits).
EUR/USD : Monthly Cycle Charts
http://www.qindex.com/euro.html
Melbourne Qindex 01:13 GMT October 2, 2010
USDX : Heading Towards 78.12 : Reply
usdx
Entry: Target: Stop:
USDX : Heading Towards 78.12
As shown in the monthly cycle charts the market is heading towards the supporting barrier at 77.46 // 78.12. The bias is on the downside when the market is trading below the barrier at 78.66 // 78.97. The weekly cycle pivot centers are positioning at 75.23 - 77.47 - 78.33. Speculative selling pressure will increase again when the market is below 77.34.
USDX : Monthly Cycle Charts
http://www.qindex.com/usd.html
Melbourne Qindex 12:26 GMT October 3, 2010
Gold : Critical Level 1328.6 : Reply
Gold
Entry: Target: Stop:
Gold : Critical Level 1328.6
The market is tackling the barrier at 1320.8. The trading reference is as follow :-
... 1289.2 - 1313.3 - 1320.8 // 1327.2 - 1328.6 - 1359.4 ...
GVI Forex john 20:35 GMT October 6, 2010
DATA
Entry: Target: Stop:
Global-View Chart Gallery updated. A large selection of updated forex, interest rate and equity charts.
GVI Forex john 20:26 GMT October 6, 2010
MOVING AVERAGES
Entry: Target: Stop:
MVA EUR/USD USD/JPY USD/CHF GBP/USD USD/CAD EUR/GBP
TRENDS:
sht 5-20 Up Down Down Up Down Up
med 20-50 Up Down Down Up Down Up
lng50-200 Down Down Down Up Down Down
5 day 1.3772 83.26 0.9714 1.5828 1.0195 0.8699
10 day 1.3634 83.67 0.9765 1.5807 1.0249 0.8623
20 day 1.3324 84.20 0.9907 1.5679 1.0270 0.8495
50 day 1.3069 84.88 1.0175 1.5639 1.0351 0.8354
100 day 1.2758 87.20 1.0606 1.5263 1.0399 0.8357
200 day 1.3192 89.38 1.0631 1.5361 1.0358 0.8584
MVA EUR/GBP EUR/JPY EUR/CHF AUD/USD GBP/JPY CHF/JPY
TRENDS:
sht 5-20 Up Up Up Up Down Up
med 20-50 Up Up Down Up Down Up
lng50-200 Down Down Down Up Down Down
5 day 0.8699 114.66 1.3378 0.9709 131.77 85.68
10 day 0.8623 114.06 1.3314 0.9661 132.25 85.65
20 day 0.8495 112.17 1.3196 0.9524 132.01 84.44
50 day 0.8354 110.92 1.3294 0.9224 132.74 83.42
100 day 0.8357 111.16 1.3513 0.8900 132.98 82.28
200 day 0.8584 117.95 1.4011 0.8987 137.26 84.12
GVI Forex john 20:21 GMT October 6, 2010
LATEST PIVOT POINTS
Entry: Target: Stop:
Pivots EUR/USD USD/JPY USD/CHF GBP/USD USD/CAD
Res 3 1.4135 83.67 0.9748 1.6043 1.0261
Res 2 1.4041 83.47 0.9717 1.5990 1.0214
Res 1 1.3988 83.18 0.9662 1.5938 1.0158
Pivot 1.3894 82.98 0.9631 1.5885 1.0111
Sup 1 1.3841 82.69 0.9576 1.5833 1.0055
Sup 2 1.3747 82.49 0.9545 1.5780 1.0008
Sup 3 1.3694 82.20 0.9490 1.5728 0.9952
Pivots EUR/GBP EUR/JPY EUR/CHF AUD/USD GBP/JPY
Res 3 0.8883 116.84 1.3526 0.9908 133.24
Res 2 0.8828 116.25 1.3472 0.9850 132.84
Res 1 0.8800 115.88 1.3431 0.9811 132.26
Pivot 0.8745 115.29 1.3377 0.9753 131.86
Sup 1 0.8717 114.92 1.3336 0.9714 131.28
Sup 2 0.8662 114.33 1.3282 0.9656 130.88
Sup 3 0.8634 113.96 1.3241 0.9617 130.30
Syd 20:20 GMT October 6, 2010
Reply
WASHINGTON (MNI) – U.S. Treasury Secretary Timothy Geithner Wednesday spoke out against the foreign exchange policies of major emerging market economies, which he said places increasing pressure on other countries to prevent market forces from pushing up the value of their currencies. Geithner was asked if there is an increased need for
coordinated action on currencies by the G20.
“This is inherently a multilateral issue,” Geithner responded.“It’s much easier to solve if countries come together and do things to complement each other.” Geithner warned against what he called “competitive non appreciation,” which is when largeeconomies with
undervalued exchange rates act to keep the currency from appreciating, in turn encouraging other countries to do the same. He noted that over time major economies as a whole have moved towards more flexible exchange rate policies. Today, however, the main problem is that there is a set of emerging economies whose currencies remain undervalued and are leaning heavily against the pressure for appreciation.
“And that’s not a viable, sustainable strategy for them,” Geithner said, nor for their trading partners, and makes a very compelling case for coordinated action. The goal is now to find ways to encourage those countries to allow more of the market pressure to flow through to the exchange rate.
The Obama administration is not alone in pushing for more
market-oriented exchange rates, Geithner argued, saying the U.S. is not without allies. The key is to act in concert, he said. “China will be less likely to move … if it’s not confident that other countries will move with it.” Geithner stressed that it is not in the world’s best interest for the burden of solving all that ails the global economy to rest on the shoulders of the United States. “It is better for it to come in a multilateral context,” he said.
GVI Forex john 20:18 GMT October 6, 2010
CALENDAR
Entry: Target: Stop:
Weekly Selected Calendar Previews by Lloyds TSB
Thursday
7-Oct-10 11:00 GMT BOE
The BOE policy decision is expected to be straightforward, with both Bank Rate and the size of the QE program left unchanged. However, the debate surrounding the appropriate level of policy is certainly heating up. Data over the past month have painted a more downbeat picture of the UK economy, with the prospects for the services sector being of particular concern given the falls in the monthly index in both June and July. Of course, in the Inflation Report back in August, the Bank had forecast growth to slow in coming quarters, so the question really is whether it has done so by more than the Committee had been expecting.
It is almost certain that Andrew Sentance will argue that the answer is ‘no’ and that the volatility in the monthly data is entirely consistent with the normal fluctuations in the growth cycle. As such he is likely to vote for a rate hike for a fifth month in a row. But on the opposing side of the debate, Andrew Posen made it clear in a recent speech that he thinks the recovery is flagging and requires further support. We suspect that it will take some time for the remaining members to make up their mind, but our own view is more closely aligned with Posen’s interpretation of recent events and we look for this week’s data to strengthen his side of the argument.
7-Oct-10 11:45 GMT ECB
The highlight in the eurozone this week is the ECB interest rate meeting on Thursday. We expect no change to policy but the press conference should provide several points of interest and debate.
Friday
8-Oct-10 12:30 GMT U.S. Employment
We forecast US non-farm payrolls increased by 20,000 in September, marking the first gain in four months. The retiring of temporary workers related to census 2010 will again have a major bearing on the outcome, although the headcount was down to just 82,000 in August from a peak of 564,000 in May. We look for overall government employment to fall by 55,000, while private sector payrolls are forecast to increase by 75,000, up from 67,000 last month.
The September employment report will include the latest benchmark revisions to reflect new seasonal adjustments and birth/death adjustments, leading to potentially significant changes to past data. The Household Survey data are expected to show a slight rise in the unemployment rate to 9.7%, reflecting a modest rise in labour force participation. The average workweek is predicted to remain steady at 34.2 for the third successive month, while hourly earnings post a 0.2% gain.
GVI Forex john 20:17 GMT October 6, 2010
DATA
Entry: Target: Stop:
Global-View Market Tracker updated. Twice daily survey of a broad range of markets.
GVI Forex Blog 20:12 GMT October 6, 2010
Reply
20:00 GMT (Global-View.com) Oct 6- Just when we thought that the Fed might back away from additional Quantitative Ease (QE2), the latest ADP private employment survey came in weaker than expected with jobs falling by -39,000 when the markets were expecting a gain on the order of 20,000 in September.
Daily GVI Forex Forex View- U.S. QE Back in Play
Livingston nh 20:04 GMT October 6, 2010
CB - absolutely, follow the money
dc CB 19:53 GMT October 6, 2010
Reply
Net Inflow during Sept....
GVI Forex john 19:52 GMT October 6, 2010
FX DATABASE
Entry: Target: Stop:
Global-View Free FX Database updated. Summary table of a broad range of major markets.
GVI Forex john 19:44 GMT October 6, 2010
Global-View Trading Events Calendar updated. Scheduled market-moving items.
GVI Forex john 19:08 GMT October 6, 2010
DAILY FOREX VIEW
Entry: Target: Stop:
|
The Daily Forex View
U.S.
QE Back in Play20:00
GMT (Global-View.com) Oct 6- Just when we thought that the Fed might
back away from additional Quantitative Ease (QE2), the latest ADP private
employment MORE
|
Douglas IOM cookie 18:03 GMT October 6, 2010
Buy GBPUSD
Entry: Target: Stop:
Agree buying @ lower channel line/50MA area
GVI Forex Blog 17:39 GMT October 6, 2010
Reply
GBP/USD (a 4-hour chart of which is shown) as of Wednesday (10/06/2010) has been adhering to a rough parallel uptrend channel since mid-September
GBP/USD Follows Bullish Channel
hillegom purk 17:36 GMT October 6, 2010
9768 closed at 9753. No patience.
I have only one possie left and it is a great honour to have it at 9726. Maybe heading for 98 ish...
hillegom purk 17:29 GMT October 6, 2010
Only trend is me!
nyc s 17:28 GMT October 6, 2010
Trend remains your friend and no reason to buck it while the market has QE#2 on its mind. If you do buck it then be quick to take your profits. Buy area is now around 1.3880 for a test of 1.40. Only a move below 1.38 would negate the risk.
hillegom purk 17:17 GMT October 6, 2010
13931 closed at 13915. so far the support trades. Will take em back when seen.
Douglas IOM cookie 17:11 GMT October 6, 2010
Sell USDCAD
Entry: Target: Stop:
Cad @ lowest since 21 April may effect price for awhile
hillegom purk 17:05 GMT October 6, 2010
13944 is closed at 139221. Will try to be patient... patient? Ah yes doctor...
U.K. J.B. 17:02 GMT October 6, 2010
Nice trades Douglas and i concur funds, loonie , dolls/cad definately in a downtrend i have bought dolls/cad today on these dips looking for a move where you shorted nice trading ...
Douglas IOM cookie 17:02 GMT October 6, 2010
Sell USDCAD
Entry: Target: Stop:
not bad need some good trades still in Euro on way trip
hillegom purk 16:51 GMT October 6, 2010
Reply
Well well, 9768 in. That replaces the 9748 from earlier. What a great pair!
hillegom purk 16:43 GMT October 6, 2010
Reply
Intresting developements there. On the edge.
hillegom purk 16:42 GMT October 6, 2010
4/4 he is back. Nobody can stay away here i guess. Must be the ticker....
The definite return of Heintje Davids. He was a kid star in Clogland. He said 4 times that he would stop.
GVI Forex john 16:41 GMT October 6, 2010
CALENDAR ITEM PREVIEW
Entry: Target: Stop:
BOE Decision Thu 7 Oct 10 @ 11:00 GMT.
Quick U.K. Profile in Charts .
1) CPI stubbornly high but BOE effectively has abandoned its target.
2) UK PMIs (manufacturing and Service) above 50 but fading as the economy slows.
3) Benchmark 10-yr gilt yield has fallen to below 3.00% from nearly 4.25% in March.
The BOE is facing a slowing economy and many are expecting preparation for another round of quantitative ease.
Any thoughts?
Lahore FM 16:35 GMT October 6, 2010
very good trades Cookie!
hillegom purk 16:32 GMT October 6, 2010
On the way home 13931+13944 added on automatic entry something thingy...
Douglas IOM cookie 16:31 GMT October 6, 2010
Reply
Sell USDCAD
Entry: Target: Stop:
closed @ 1.0076 from entry 10246 @ daily trendline& p/p S2 may get some retrace still in decending channel so sell later
tokyo rana 16:31 GMT October 6, 2010
maybe here usd$ big buying devolp...ihope tomorrow boj come now under water usdjpy long 50pips about and gbpjpy 50pips.....im also tired of usd....happy day,
hillegom purk 16:30 GMT October 6, 2010
2 returns to go.
GVI Forex john 16:30 GMT October 6, 2010
CALENDAR ITEM PREVIEW
Entry: Target: Stop:
ECB Decision Thu 7 Oct 2010 @ 11:45 GMT.
Quick Eurozone Profile in Charts .
1) CPI (HICP) within target range.
2) EZ PMIs sill above 50 but fading. German IFO current readings positive but future outlook for slowdown.
3) EZ benchmark 10-yr bund yield has fallen to 2.25% from 3.25% in March.
E-Z has a few warning clouds, but the economy is by no means falling out of bed. ECB policy is seen steady this week. The EUR remains in demand. Any thoughts about the EUR on ECB would be appreciated.
Surabaya Medallion 16:18 GMT October 6, 2010
Sell EURUSD
Entry: Target: Stop:
Also I'm quite tired on Longing USD position. Very little retracement and always got big upside movement :-)
Lahore FM 16:17 GMT October 6, 2010
Medallion yes that would make eurgbp short.
cutting loss would have made you freer with options.
Surabaya Medallion 16:13 GMT October 6, 2010
Sell EURUSD
Entry: Target: Stop:
Thanks Lahore FM Sir
So I'm thinking that rather than close my sinking short Eur, i will buy GBP now so my position would be Short Eur/GBP. Is it okay? Thanks. ^_^
Lahore FM 16:08 GMT October 6, 2010
Medallion,i am cautious on eurusd from current levels.i like gbpusd as a better choice for longs.
eurgbp shud keep giving some profit on shorts.it does need some retrace off weeklies and monthlies too.
Surabaya Medallion 16:07 GMT October 6, 2010
Sell EURUSD
Entry: Target: Stop:
Sorry Double Post, I just got Internal Server Error 500...
Surabaya Medallion 16:06 GMT October 6, 2010
Sell EURUSD
Entry: Target: Stop:
Dear Lahore FM Sir
What do you think of EUR/USD? I short it from 1.37xx and should have put 1.3875 for the stop loss which I didn't. Is it possible to go to 1.45 now after the break of 1.3875? But then I should follow you on Longing the Euro ^_^
As for Eur/GBP is the target 0.8660? Good think last time I didn't Short Eur/GBP from 0.8350. ^_^ Thanks.
dc CB 16:00 GMT October 6, 2010
This i good?????
Congratulations, America: your central bank is just $25 billion away from being the Treasury's largest creditor, and thus able to dominate any and all future debt restructuring negotiations with what is, essentially, itself.
http://www.zerohedge.com/article/its-official-fed-now-second-largest-holder-us-treasury-bonds
GVI Forex john 15:59 GMT October 6, 2010
Personal attacks are not permitted nor welcome here.
Richland QC Mailman 15:57 GMT October 6, 2010
Nice to see you AS. Pleasant evening folks!
lkwd jj 15:52 GMT October 6, 2010
Reply
mkt back to pre boj levels.. how many cards do they have up their sleeves? last rate move didnt have expected result either. techs show overbought but not fundamentals.
HK RF@ 15:46 GMT October 6, 2010
HK RF@ 21:18 GMT October 5, 2010
WHAT NEXT? This post for is for London Michael 07:40 GMT September 29, 2010: Reply
……….
FACTS ARE THE BEST ANSWER!!!
Just for the near coming next(EUR/USD) 1.3935 is a coming soon target
Perth WTR 15:46 GMT October 6, 2010
Reply
a little bounce is possible but still eyeing 74-75 usd index
dc CB 15:40 GMT October 6, 2010
Permanent Open Market Operations: Fed purchases $2.07 bln of 2013/2014 maturities; dealers looked to put back $25.16 bln
Last goose for a while....link for next sched to be annc Oct 13
http://www.newyorkfed.org/markets/tot_operation_schedule.html
jerusalem kb 15:31 GMT October 6, 2010
Buy GBPUSD
Entry: 1.5940 Target: 1.6325/1.6910 Stop: 1.5805
---------------------
CANCLED FOR NOW.
needs 4hr close above 1.5925
Lahore FM 15:31 GMT October 6, 2010
Entry: 1.3680 Target: 1.3820/1.3940 Stop: 1.3650
10/05/2010 13:52:49 FM Lahore 8
Buy EURUSD
Entry: 1.3680 Target: 1.3820/1.3940 Stop: 1.3650 for half
10/04/2010 22:50:16 FM Lahore 3
Buy EURUSD
Entry: 1.3680 Target: 1.3820/1.3940 Stop: 1.3585*
here a correction* too!
long now.
--
half closed now at 1.3805.stops raised.
--
rest out now at 1.3915 for +235 in all.
jerusalem kb 15:29 GMT October 6, 2010
Buy GBPUSD
Entry: Target: Stop:
Buy GBPUSD
Entry: 1.5863 Target: 1.5965 Stop: 1.5800
same buy pending order again
---------
booking 40pips+ and sl to BE on this one
Amsterdam Purk 15:25 GMT October 6, 2010
Reply
Shorty Porty 13901 and 13911
GVI Forex john 15:21 GMT October 6, 2010
WHAT'S THE BUZZ?
Entry: Target: Stop:
- We have been hammering on watching the 10-yr yields. Last 2.367% -10bps after the ADP data. QE speculation is back alive and the USD is weaker. Data will have to be confirmed on Friday.
- Recall we focused on the 2-yr note yield also today. It was last 0.38% -2bp. It does not swing as much as the 10-yr but points to a lower USD.
GVI Forex Blog 15:12 GMT October 6, 2010
Reply
Oct 6 (global-view.com) UPCOMING DATA HIGHLIGHTS: The Far East will see Australian employment data and Japanese leading indicators on Thursday. In Europe, U.K. Industrial-Manufacturing output is due.
GVI Forex- Data Outlook for Oct 7, 2010
GVI Forex john 15:08 GMT October 6, 2010
CALENDAR
Entry: Target: Stop:
|
Oct 6 (global-view.com) UPCOMING DATA HIGHLIGHTS:
The Far East will see Australian employment data and Japanese leading indicators
on Thursday. In Europe, U.K. Industrial-Manufacturing
output is due. German industrial output is awaited also. Both the BOE and ECB
will announce their latest policy decisions. In North America, U.S. weekly
jobless claims and natural gas inventories are slated.
Trading
Events Calendar updated.
|
GVI Forex john 14:55 GMT October 6, 2010
Global-View Trading Events Calendar updated. Scheduled market-moving items.
Lahore FM 14:43 GMT October 6, 2010
U.K. J.B. 14:32 GMT October 6, 2010
JB,will mail for sure..my pleasure!
glgt!
U.K. J.B. 14:32 GMT October 6, 2010
FM , great to see you are still posting. I have noticed your professionlism is still in tact well done my friend. I still try and post when i am on the dealing desk but very little if any day trading for me now , more longer term i leave the day trading to my younger team. Keep up the good work it's a great Forum Jay+ john should be applauded for that also , take care my friend , drop me a e-mail when u have time be good to catch up.
tokyo rana 14:17 GMT October 6, 2010
Buy GBPJPY
Entry: Target: Stop:
still hold gbpjpy and chfjpy long....happy day,
tokyo rana 14:14 GMT October 6, 2010
Buy USDJPY
Entry: 82.93 Target: 83.60 Stop: later
bought some more..........happy day,
tokyo rana 14:13 GMT October 6, 2010
Reply
Sell AUDJPY
Entry: 80.90 Target: 68.5 Stop: later
sold some........happy day,
Lahore FM 14:13 GMT October 6, 2010
UK JB lovely to see you back here!
good trades!
Lahore FM 14:13 GMT October 6, 2010
thanx Cubriclas!
GVI Forex john 14:07 GMT October 6, 2010
Canadian PMI off the charts...
U.K. J.B. 14:05 GMT October 6, 2010
Reply
Long 1.0119 stop 1.0050 tar tbd GT
GVI Forex john 14:00 GMT October 6, 2010
Ivey 70.3
MLT PA 13:59 GMT October 6, 2010
Reply
By Paul B. Farrell, MarketWatch
ARROYO GRANDE, Calif. (MarketWatch) — OK, so Nassim Nicholas Taleb, the “Black Swan” author, actually said: “The Fed won’t exist in 25 years.” Warning: It’ll happen much sooner, fallout of the coming Second American Revolution.
It’s inevitable: Wall Street banks control the Federal Reserve system , it’s their personal piggy bank. They’ve already done so much damage, yet have more control than ever.
Warning: That’s a set-up. They will eventually destroy capitalism, democracy, and the dollar’s global reserve-currency status. They will self-destruct before 2035 … maybe as early as 2012 … most likely by 2020.
Last week we cheered the Tea Party for starting the countdown to the Second American Revolution. Our timeline is crucial to understanding the historic implications of Taleb’s prediction that the Fed is dying, that it’s only a matter of time before a revolution triggers class warfare forcing America to dump capitalism, eliminate our corrupt system of lobbying, come up with a new workable form of government, and create a new economy without a banking system ruled by Wall Street.
continued .....
Source: http://www.marketwatch.com/story/the-fed-is-dead-maybe-by-2012-2010-10-05
Porto Cubriclas 13:53 GMT October 6, 2010
Nice to have FM in the same boat. ;)
gt & gl
Lahore FM 13:41 GMT October 6, 2010
Sell EURGBP
Entry: 0.8748 Target: Stop: 0.8778 bid
sold.added.
Mtl JP 13:28 GMT October 6, 2010
Ben is the fiat establishment's gate-keeper. The joke is that his absolutely priority #1 is to not allow and will do anything and everything necessary to prevent a banking collapse in the US - something to do with social peace I thought I heard him once quip. Hence the trickery with bank book-keeping and co-ordinated toxic mortgage "asset" and mortgage derivatives resolution at trickle speed.
Belgrade AS 13:25 GMT October 6, 2010
"Nobel prize winning economist Joseph Stiglitz said that “The irony is that the Fed is creating all this liquidity with the hope that it will revive the American economy … It's doing nothing for the American economy, but it's causing chaos over the rest of the world. It's a very strange policy that they are pursuing.”
read more :"bubbles....revisited"(bank of NY/this morning's briefing)
https://gm.bankofny.com/Research/MorningUpdate/Article.aspx?Type=0&ContentManagerID=25094
GVI Forex john 13:22 GMT October 6, 2010
CALENDAR ITEM PREVIEW
Entry: Target: Stop:
Event @ 14:00 GMT
Canadian Ivey PMI
The Ivey Purchasing Managers Index measures month to month changes in dollars of purchases as indicated by a panel of purchasing managers from across Canada. The index includes both the public and private sectors. Index panel members indicate whether their organizations activity is higher than the same as, or lower than the previous month across the following five categories: purchases, employment, inventories, supplier deliveries and prices.
The Ivey PMI is substantially different from the U.S. ISM index. The Ivey PMI is based on end of month data, is based on one question only: "Are your purchases (in dollars) higher, the same, or lower than the previous month?" and is not adjusted for seasonality or inflation and covers the complete Canadian economy, incuding the public and private sectors. The US indexes on manufacturing and services are based on mid-month data; factor in the responses to a combination of five questions and adjust for seasonality. Both the US and Ivey PMI reflect month to month changes and use the 50 line as the critical reference.
PAR 13:19 GMT October 6, 2010
When WEN finds house prices really cheap WEN will buy all the houses WEN can buy. By keeping House Prices artificially high Bernanke is delaying a free market revovery.
New York 13:17 GMT October 6, 2010
US has been making these mistakes for quite a long time now. I hope they see the error of their ways ASAP.
zagreb drako 13:15 GMT October 6, 2010
usa looks like yugoslavia before they crashed and entered into civil war. strong usd seems the only way to return into the driver sit. china has and will pay the price.
Mtl JP 13:14 GMT October 6, 2010
PAR Ben knows the cost of carrots, steak, health insurance and and other daily consumables and he is happy with those. His nightmare is the deflationary price trend in house prices. Wen told me that.
London ex 13:13 GMT October 6, 2010
Struggle to see if Japan can protect 83.00. So far its been an uphill battle.
PAR 13:10 GMT October 6, 2010
Bernanke is so afraid of DEFLATION . I guess he never goes to the SUPERMARKET.
Geneva 13:03 GMT October 6, 2010
Reply
The US is making again and again the same mistake, weaking the US dollare is bringing a rise in prices and commditys that will lead to a crash!
Better a strong dollar and Tax on china!
RIYADH RUH-DMM-RUH 12:58 GMT October 6, 2010
Reply
Magic number 15778
Mtl JP 12:52 GMT October 6, 2010
what I am NOT saying is what for what kind of US-quality manufactured (by robots or otherwise) goods there is overseas demand seeing near everyone is going broke
RIYADH RUH-DMM-RUH 12:50 GMT October 6, 2010
Reply
BUY LIMIT ORDER
GBPUSD @ 15778 STOP 15750 TP UPPER
Amsterdam Purk 12:49 GMT October 6, 2010
Reply
And closing the 9748 as well at 9732.
Maybe can pick up again.
Remember Ozmond is no day trade but at certain strechies one can easily gain some...
The 9727 is coming as well....
PAR 12:46 GMT October 6, 2010
Zero Rates> Borrow $ Billions > Buy American,German and Japanese Automated Machinery > Fire all your employees and let unemployment go up and up .
hk ooozmeeh 12:45 GMT October 6, 2010
i guess market will react in reverse of the data.....its how the market is behaving now, imho gt
Mtl JP 12:40 GMT October 6, 2010
PAR 12:31 - note john 10:58 - WHAT'S THE BUZZ?
A new Forex Forum thread DISCUSSION of what the markets will be trading on.
- USD: U.S. is running a weak "benign neglect" USD policy.
-
Trying to Solve High Unemployment with -->> lower yield -> Lower Dollar
PAR 12:37 GMT October 6, 2010
Madoff Revisited ?
Amsterdam Purk 12:37 GMT October 6, 2010
B+LLOCKS!
tokyo rana 12:32 GMT October 6, 2010
iwill close usdjpy around 83.56....donot expect much...
PAR 12:31 GMT October 6, 2010
Reply
Trying to Solve High Unemployment with ZERO interest rates.
If you make the "PRODUCTION FACTOR CAPITAL " FREE nobody will use the "PRODUCTION FACTOR LABOR" Its Economics Stupid
Insanity: doing the same thing over and over again and expecting different results.
Albert Einstein
London ex 12:29 GMT October 6, 2010
Looks like its being held here, but $/yen has no ability to rally.
tokyo rana 12:26 GMT October 6, 2010
idonot like this pair usdjpy....idonot think it can go higher...
hk ooozmeeh 12:24 GMT October 6, 2010
Reply
Buy USDJPY
Entry: 82.95 Target: 93 Stop:
Long term possie for yen buy again @ 82.95
Spore Benji 12:23 GMT October 6, 2010
Reply
Sell EURUSD
Entry: Target: Stop:
missed all the upside...shucks
okay sell oda at 1.3935 GTC
GVI Forex john 12:22 GMT October 6, 2010
ECONOMIC DATA CHART
Entry: Target: Stop:
If you trust ADP, note developing trend (black line)...
Monthly jobs U.S.
Click on chart for more than 10-yr history
Tartu kuues 12:22 GMT October 6, 2010
ADP and NFP is not the same thing
but looks like market find any excuse to sell usd
is it good macro ro QE II (usd negative anyway)
GVI Forex john 12:15 GMT October 6, 2010
ADP -39K
AS Belgrade 12:12 GMT October 6, 2010
hi guys.good to see you again.
spent last summer rnr-ing "alone at home",then went to my summer house for 4-5 weeks,then i was offered a "dream job" which has nothing to do with FX...
generally speaking, life is good-sun is shining!
wish you all the best of luck!
GVI Forex john 12:11 GMT October 6, 2010
Global-View Market Tracker updated. Twice daily survey of a broad range of markets.
U.K. J.B. 11:58 GMT October 6, 2010
Riyadh
You have made some nice calls , i just think stops add value to anyone's post ( ie shows we are not gambling and in control of our strategy/risk man. ) Good trading ..
RIYADH RUH-DMM-RUH 11:57 GMT October 6, 2010
Reply
BUY USDJPY 82.95 TP 83.91
tokyo rana 11:57 GMT October 6, 2010
AS Belgrade 11:41 GMT October 6, 2010
dear friend,how are you?where u was?wat do u think about jpy?and gbpjpy 119/99 come?yes ithink big crash will come like 2008....happy day.
GVI Forex john 11:55 GMT October 6, 2010
Market Event @ 12:15 GMT-
U.S. ADP National Employment Report
See +22,000 (Sep) vs. -10,000 (Aug)
The ADP National Private Employment Report is a measure of nonfarm private employment, based on aggregated and anonymous payroll data. The report attempts to provide additional timely and accurate estimates of short-term movements in the national labor markets ADP pays 1-in-6 private sector employees in the United States across a broad range of industries, firm sizes, and geographies.
The data (after revisions) tend to track the government data over time, although on any given month there can be significant discrepancies. The ADP report does not include government employees.
RIYADH RUH-DMM-RUH 11:51 GMT October 6, 2010
Reply
Buy USDCHF
Entry: 0.9651/40/31 Target: 0.9764/0.9810 Stop: 0.9600
-
GVI Forex john 11:48 GMT October 6, 2010
AS- nice to see you back. There reportedly has been large intervention in many of those currencies (buying USD and selling the local units) to hold them down. Many are selling those USD for EUR, JPY, GBP, JPY etc. This is an important source of recent USD selling.
GVI Forex john 11:42 GMT October 6, 2010
WHAT'S THE BUZZ?
Entry: Target: Stop:
To trade USDJPY, you must follow the spread between the U.S. and Japan 2-yr notes. With Japanese 2-yr yields virtually zero, an easy proxy most of the time is the U.S. 2-yr yield. The correlation is very tight. Look on the left side of the Forex Forum for 2-yr notes updated twice daily and interest rate charts.
This chart is published twice daily in the Daily Forex Outlook.
AS Belgrade 11:41 GMT October 6, 2010
Reply
Buy ...
Entry: Target: Stop:
-South Korean won, Philippine peso, Taiwan dollar, Hong Kong dollar, and Indian rupee,...all a big healthy "buy"!!!
-local-currency denominated debt instruments of Thailand, Philippines, Malaysia, South Korea, Indonesia and India,as well.
...was not around for a while,came in for a sec to take a peek and everywhere i look i see boubles,ccy wars,QE II,CB interventions in FX...
smells like summer of 2008,kind of....doesn't it?
faridabad 11:38 GMT October 6, 2010
Sell OTHER
Entry: 5 Target: 5 Stop: 5
I am planning to buy NSC for Rs. 30000/- can you let me know how it will be used for tax exemption and under what section because i have little bit of confusion on this.
Mtl JP 11:31 GMT October 6, 2010
john 10:58 that is one giant BUZZ... makes my head spin
one focuss: ADP - hopefully it will come in way outside of the +22K expectation
RIYADH RUH-DMM-RUH 11:24 GMT October 6, 2010
U.K. J.B. next time i will put the stoploss.
tokyo rana 11:22 GMT October 6, 2010
Spore Benji 11:20 GMT October 6, 2010
dear friend,never trust in eur aud gbp....happy day,
Spore Benji 11:20 GMT October 6, 2010
Kombawa...but why? Euro looks good? but I pull off now
tokyo rana 11:20 GMT October 6, 2010
U.K. J.B. 11:16 GMT October 6, 201
dear friend,thanx alot..yes 81.40 seems very strong maybe some stop hunting move possible 100pips like 82.30...im expecting this uptrend will be end between 81.30/82.30.....im planing to short long term around 81.60/81.90 target 68.50 stop 100/200pips....wat do u think?happy trade,
U.K. J.B. 11:16 GMT October 6, 2010
Tokyo rana , re aud/yen there seems to be plenty of res. @ 8140 area so i would expect a gradual decline to 8030,
tokyo rana 11:14 GMT October 6, 2010
Spore Benji 11:12 GMT October 6, 2010
dear friend,wait maybe come soon ur bid and also 1.3699...donot be in hurry..happy day,
Spore Benji 11:12 GMT October 6, 2010
Reply
Holy Molly..missed my bid at 1.3790
tokyo rana 11:10 GMT October 6, 2010
U.K. J.B. 11:06 GMT October 6, 2010
dear friend,yeah right....iwill take 1 to 3positions max...one position also no good some times...most likely short audjpy maybe try some other......happy trade,
GVI Forex john 11:08 GMT October 6, 2010
Fitch downgrades Ireland debt to A+ from AA-. Outlook negative. EURUSD hit.
U.K. J.B. 11:06 GMT October 6, 2010
Tokyo rana , i will always try and assist , but i must say you are running a lot of positions there , be careful , be more selective and increase position size and positions when your account looks rosey... GT
Spore Benji 11:05 GMT October 6, 2010
Reply
whats happened, the euro just dropped
U.K. J.B. 11:02 GMT October 6, 2010
Riyadh , thanks for posting your trade recommendations but what about the downside ?? do you not have a stop in place to protect your capital ...
tokyo rana 11:00 GMT October 6, 2010
U.K. J.B. 10:56 GMT October 6, 2010
dear friend,yes right.....actualy im long usdjpy...and planing to short gbpusd eurusd audusd audjpy and eurjpy thats why iwas asking....my broker donot have usdchf....happy day,
U.K. J.B. 10:59 GMT October 6, 2010
I should also point out this is a contra trade which can be dangerous. So if the strategy starts to show light at the end of the tunnel i will increase the position side if we start to move onside considerably.
GVI Forex john 10:58 GMT October 6, 2010
WHAT'S THE BUZZ?
Entry: Target: Stop:
North American Open for 6 October 2010
A new Forex Forum thread DISCUSSION of what the markets will be trading on.
- USD: EURUSD longs holding onto their positions and shorts squeezed.
- USD: U.S. is running a weak "benign neglect" USD policy.
- USD: ADP Pivate Jobs data today. See a weak +22K in September.
- USD: Asian CB's selling intervention USDs for EUR, GBP, JPY & AUD.
- USD: 10-yr note bellwether for FOMC QE (last 2.45%, -2bp).
- EUR: EUR primary USD alternative.
- EUR: ECB Thu. No rate change but see excessive ease exit talk.
- UK: BOE Thursday. Rates steady but more quantitative ease soon.
- JPY: BOJ ease broadd market catalyst. Target: weaker JPY.
- JPY: BOJ lurking. 83.00 being tested.
Click on the title link for details over past days.
Hit Reply to respond. This must be two-way feature to work. We need you to comments to keep it current. We also need
contributions on the technicals.
RIYADH RUH-DMM-RUH 10:57 GMT October 6, 2010
Reply
Buy GBPAUD
Entry: 1.6281 Target: 1.6531/63/94 Stop:
>
U.K. J.B. 10:56 GMT October 6, 2010
Tokyo rana , let the trades come to you and dont chase the market. Re my earlier comment i am looking for a short term recovery in the dollar , dolld/chf is protected with a stop so the cost will be - 0.2 % if i am stopped. Have a good day
Spore Benji 10:52 GMT October 6, 2010
Reply
EURUSD
Entry: Target: Stop:
Yo guys I'm new to FX...Anyone can tell me on Elliott Wave counts, as regards the daily chart, where we are now.
And where did Wave 1 started this round?
My gut feeling is that Euro goes higher!
Trying to confirm my thoughts, thanks
GVI Speakers Corner 10:51 GMT October 6, 2010
Reply
There are several forces acting to weigh on the dollar, which have combined to create the current steep downtrends.
Market Forces Weigh On the Dollar
tokyo rana 10:50 GMT October 6, 2010
U.K. J.B. 10:34 GMT October 6, 2010
dear griend,wat is ur view on shorting audjpy audusd?and eurusd and eurjpy?happy day,
tokyo rana 10:47 GMT October 6, 2010
U.K. J.B. 10:34 GMT October 6, 2010
dear friend,how are you?wat do u think about gbpusd gbpjpy?and usdjpy?ur still long usdjpy?and short gbpusd?happy day,
RIYADH RUH-DMM-RUH 10:44 GMT October 6, 2010
Reply
Buy EURAUD
Entry: 1.4163/39/15 Target: 1.4324/1.4415/1.4506 Stop:
nice trade for all.
London JHW 10:38 GMT October 6, 2010
Unbelivable timing UK/JB as always .....Quality , i did join you.
U.K. J.B. 10:34 GMT October 6, 2010
Good to see you also Purky , i hope you are winning. ATB/GT
Amsterdam Purk 10:31 GMT October 6, 2010
Always good to see you JB. To the point!
tokyo rana 10:29 GMT October 6, 2010
London ex 10:16
dear friend,ur always ready to buy $yen...im also long still...lets see hold or not..happy day,
U.K. J.B. 10:27 GMT October 6, 2010
Reply
Buy the rumour sell the fact. In this case i see good r/r trades for a short term buy in the dollar.
Long dolls/chf @ 9650 stop 9590 offered TAR tbd
Amsterdam Purk 10:25 GMT October 6, 2010
And closing the 9771 at 9752. Pips are pips and keeping a reasonable average.
GVI Forex Blog 10:19 GMT October 6, 2010
Reply
Forex Pros – The pound edged higher against the U.S. dollar on Wednesday, rising to a fresh 2-month high as concerns that the Federal Reserve will begin fresh monetary easing to stimulate U.S. growth
ForexPros Daily News October 6, 2010
GVI Forex Blog 10:18 GMT October 6, 2010
Reply
10:00 GMT (Global-View.com) Oct 6- It seems that the Bank of Japan decision to inject additional funds into the system (quantitative ease) has been a catalyst for the markets. By giving equities in Japan and Asia a boost. It appears that the risk trade is back on globally. It remains to be seen if this correlation trading pattern can last for very long.
Daily GVI Forex Forex View- ADP the Focus
London ex 10:16 GMT October 6, 2010
Reply
Looks like a struggle here at 83.00. Any idea if it can hold?
tokyo rana 10:15 GMT October 6, 2010
Amsterdam Purk 10:11 GMT October 6, 2010
dear friend,iwill short soon eur and aud...im still watching....happy day,
Amsterdam Purk 10:11 GMT October 6, 2010
Reply
9748 en 9771 in. So got 1 at 9727,48 and 71.
No kaboom yet, but in the making, i think...
Frankfurt 10:04 GMT October 6, 2010
Reply
German Aug Mfg Orders rose +3.4% MM; +24.0% YY
Hong Kong 10:02 GMT October 6, 2010
Reply
GBPUSD
Entry: Target: Stop:
INTRA-DAY GBP/USD: 1.5895
Last Update At 06 Oct 2010 09:32 GMT
Although cable has recovered after intra-day
retreat fm a 2-mth high of 1.5940 to 1.5885 in Lon-
don trading earlier, as this move signals recent
upmove has made a temporary top, consolidation with
downside bias remains for retracement twd 1.5861.
Hold short for this move n exit on decline, then
buy for day trade for re-test of 1.5940 later.
Range Forecast
1.5875 / 1.5900
Resistance/Support
R: 1.5940/1.5953/1.5999
S: 1.5870/1.5845/1.5821
http://www.acetraderfx.com
GVI Forex john 09:53 GMT October 6, 2010
Global-View Chart Gallery updated. A large selection of updated forex, interest rate and equity charts.
GVI Forex john 09:52 GMT October 6, 2010
CALENDAR
Entry: Target: Stop:
Weekly Selected Calendar Previews by Lloyds TSB
Wednesday
6-Oct-10 12:15 GMT ADP Private Employment
The ADP employment report, on Wednesday, is forecast to show a 25,000 gain in private sector jobs.
Thursday
7-Oct-10 11:00 GMT BOE
The BOE policy decision is expected to be straightforward, with both Bank Rate and the size of the QE program left unchanged. However, the debate surrounding the appropriate level of policy is certainly heating up. Data over the past month have painted a more downbeat picture of the UK economy, with the prospects for the services sector being of particular concern given the falls in the monthly index in both June and July. Of course, in the Inflation Report back in August, the Bank had forecast growth to slow in coming quarters, so the question really is whether it has done so by more than the Committee had been expecting.
It is almost certain that Andrew Sentance will argue that the answer is ‘no’ and that the volatility in the monthly data is entirely consistent with the normal fluctuations in the growth cycle. As such he is likely to vote for a rate hike for a fifth month in a row. But on the opposing side of the debate, Andrew Posen made it clear in a recent speech that he thinks the recovery is flagging and requires further support. We suspect that it will take some time for the remaining members to make up their mind, but our own view is more closely aligned with Posen’s interpretation of recent events and we look for this week’s data to strengthen his side of the argument.
7-Oct-10 11:45 GMT ECB
The highlight in the eurozone this week is the ECB interest rate meeting on Thursday. We expect no change to policy but the press conference should provide several points of interest and debate.
Friday
8-Oct-10 12:30 GMT U.S. Employment
We forecast US non-farm payrolls increased by 20,000 in September, marking the first gain in four months. The retiring of temporary workers related to census 2010 will again have a major bearing on the outcome, although the headcount was down to just 82,000 in August from a peak of 564,000 in May. We look for overall government employment to fall by 55,000, while private sector payrolls are forecast to increase by 75,000, up from 67,000 last month.
The September employment report will include the latest benchmark revisions to reflect new seasonal adjustments and birth/death adjustments, leading to potentially significant changes to past data. The Household Survey data are expected to show a slight rise in the unemployment rate to 9.7%, reflecting a modest rise in labour force participation. The average workweek is predicted to remain steady at 34.2 for the third successive month, while hourly earnings post a 0.2% gain.
Gen dk 09:50 GMT October 6, 2010
Reply
Trading Signals Updated:
CLICK HERE for more Gen dk information
GVI Forex john 09:47 GMT October 6, 2010
DAILY FOREX VIEW
Entry: Target: Stop:
|
The Daily Forex View
ADP
the Focus10:00
GMT (Global-View.com) Oct 6- It seems that the Bank of Japan decision to
inject additional funds into the system (quantitative ease) has been a
catalyst for MORE
|
Hong Kong 09:33 GMT October 6, 2010
Reply
USDJPY
Entry: Target: Stop:
INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY
USD/JPY : 83.00
Last Update At 06 Oct 2010 09:26 GMT
Although dlr has traded narrowly but with a soft
bias so far today, as y'day's brief bounce fm 82.96
to 83.33 suggests recent erratic fall has formed a
temp. low there, sideways consolidation with mild
upside bias is seen, abv 83.33 wud yield 83.45/50.
Turn long on dips with stop below Sept's 15-year
low of 82.87, break may risk weakness to 82.55/60.
Range Forecast
83.00 / 83.25
Resistance/Support
R: 83.33 / 83.61 / 83.99
S: 82.96 / 82.87 / 82.06
http://www.acetraderfx.com
Dubai SAS 09:20 GMT October 6, 2010
Reply
Sell AUDUSD
Entry: 9773 Target: Open Stop: Not yet
sold now .. also holding shorts from yesterday
Amsterdam Purk 09:19 GMT October 6, 2010
Heintje Davids returns. He came back 4 times, 3 to go.
Syd 09:17 GMT October 6, 2010
Reply
Ireland's business federation has joined foreign creditors in warning that a default by Dublin on the junior debt of Anglo Irish Bank and other lenders guaranteed during the crisis would be a breach of faith. Pressure is mounting on the Irish government to rethink its plans for a "haircut" on the subordinated debt of Anglo Irish and Irish Nationwide Building Society
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/804
4368/Ireland-should-honour-its-debts-says-Irish-business-federation-chief-Danny-McCoy.html
Zuerich Kiado 09:06 GMT October 6, 2010
Reply
i am still short on eurgbp
any ideas?
Syd 08:56 GMT October 6, 2010
Reply
Concerns about EUR strength will likely grow in the coming weeks, says Citigroup, along with more vocal calls for China to boost the yuan. Says the ECB will probably emphasize economic recovery at its press conference Thursday, but thinks euro-area officials may change their rhetoric if the upcoming G7 and G20 meetings don't produce a credible resolution on currency wars. Still, coordinated action on USD depreciation, a change in tone from the ECB and signs that EUR/USD strength would affect the monetary policy outlook would be needed to cap further gains in the pair, bank says.
HK RF@ 08:51 GMT October 6, 2010
.
London Michael 08:21 GMT October 6, 2010
It is clear now, that your loosing Algorithmos had a profound effect on your mental health.
Syd 08:28 GMT October 6, 2010
Reply
The report also examines the effect of further house price declines on negative equity levels among mortgage borrowers in Spain. In a study of 800,000 Spanish mortgage loans in 90 Spanish residential mortgage-backed securities (RMBS) transactions, we found that arrears rates are strongly differentiated by region.
London Michael 08:21 GMT October 6, 2010
HK RF@ 21:18 GMT October 5, 2010
you just made my point about your mental/social stand/qualities to show right. trade goes some pips your way and you turnout claiming that yourself is a trading wonder. losing trading position as leading into bankruptcy or an empire maker? you little clown-boy, get a life. I am here to bet that your forex profits already fully eaten with prostitutes. I also bet that you are single since you born as a normal lady will not agree to touch you, even with 10 meters long wooden stick.
Syd 07:46 GMT October 6, 2010
Reply
[Dow Jones] As EUR/USD heads for 1.40, the pair faces two near-term risks: the ECB meeting Thursday and the weekend's IMF meeting. While the ECB may not be happy about the rapid rise of the EUR, the bank's hawkish stance will still lead to an overshoot, says BNP Paribas. On the other hand, it notes, if the IMF comes up with a deal for undervalued Asian currencies to appreciate more quickly against the USD, this will take some of the pressure off Europeans. "Hence, a Washington deal could see EUR/USD falling," the bank says.
Saar KaL 07:19 GMT October 6, 2010
Reply
I was just doing some pair forecasts
eurcad 3 hrs data
seems to want 10 big figures this month
see chart
will buy at 1.3960 area
Syd 06:58 GMT October 6, 2010
Reply
1. Ireland - 1,305%
External debt (as % of GDP): 1,305%
Gross external debt: $2.25 trillion
2009 GDP (est): $172.5 billion
External debt per capita: $535,529
2. United Kingdom - 428.8%
External debt (as % of GDP): 428.8%
Gross external debt: $9.12 trillion
2009 GDP (est): $2.128 trillion
External debt per capita: $149,281
http://www.cnbc.com/id/30308959?slide=1
Syd 06:46 GMT October 6, 2010
Reply
Global commodity markets are headed for a "significant correction" by year-end, warns Sailesh Jha, managing director, Asia macro strategy & sales at Jefferies Singapore.
http://www.cnbc.com/id/39530391
jerusalem kb 06:44 GMT October 6, 2010
Reply
EURUSD
Entry: Target: Stop:
this is the 15mint chart i used in yestrday trade , it is now at 261.8 level and i don`t know if it could break higher or not it breaks above small support but also i don`t know if it is valide or not.
i expect side way trade between 1.3888 and 1.3755 for today
Hong Kong 06:22 GMT October 6, 2010
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EURUSD
Entry: Target: Stop:
INTRA-DAY EUR/USD OUTLOOK
Last Update At 06 Oct 2010 06:00 GMT
Rate : 1.3842
Despite euro's retreat after re-testing y'day's
8-1/2 month high of 1.3860, pullback wud be ltd to
1.3809 (prev. res, now sup) n yield rebound but a
breach of said res needed to confirm recent upmove
has once again resumed n extend to 1.3889/96.
Buy on dips with stop as indicated, break wud
risk stronger pullback to 1.3779/80.
Range Forecast
1.3823 / 1.3860
Resistance/Support
R: 1.3860/1.3889/1.3902
S: 1.3822/1.3795/1.3762
http://www.acetraderfx.com
tokyo rana 06:00 GMT October 6, 2010
Buy GBPJPY
Entry: 132.25 Target: open Stop: later
im small long gbpjpy....happy day,
jerusalem kb 05:52 GMT October 6, 2010
Buy GBPJPY
Entry: 133.10 Target: 134.46 Stop: 132
placed a buy stop at 133.10
-----------------------------------------
still valid and should have eye on 133.70 ress.
Hong Kong 04:03 GMT October 6, 2010
Reply
INTRA-DAY USD/JPY:
Last Update At 06 Oct 2010 02:14 GMT
Range Forecast
83.00 / 83.33
Resistance/Support
R: 83.33 / 83.61 / 83.99
S: 82.96 / 82.87 / 82.06
-------------------------
INTRA-DAY EUR/USD:
Last Update At 06 Oct 2010 02:16 GMT
Range Forecast
1.3822 / 1.3860
Resistance/Support
R: 1.3860/1.3889/1.3902
S: 1.3822/1.3795/1.3762
--------------------------
INTRA-DAY USD/CHF:
Last Update At 06 Oct 2010 02:17 GMT
Range Forecast
0.9650 / 0.9690
Resistance/Support
R: 0.9681/0.9705/0.9738
S: 0.9645/0.9630/0.9607
---------------------------
INTRA-DAY GBP/USD:
Last Update At 06 Oct 2010 02:19 GMT
Range Forecast
1.5890 / 1.5930
Resistance/Support
R: 1.5932/1.5953/1.5999
S: 1.5856/1.5821/1.5773
http://www.acetraderfx.com
tokyo rana 03:58 GMT October 6, 2010
Buy CHFJPY
Entry: 86.15 Target: 87/87.50 Stop: 85.75
small long...ithink today gbp chf aud will be higher...happy day,
tokyo rana 03:47 GMT October 6, 2010
Buy USDJPY
Entry: 83.26 Target: open Stop: later
im long from last night still hold and now worry...look like boj dead....bcoz of boj yesterday zero intrest rate $yen fell to 82.98 so boj shirakawa is down.....japanese peoples are complaining about this bad decision....yesterday aud long was good i closed early.........anyways happy trade,
tokyo rana 03:41 GMT October 6, 2010
Reply
Sell EURUSD
Entry: 1.394 Target: open Stop: later
good morning.....iwas short eurusd yesterday 1.383 and closed with 5pips profit today....now leaving pending orders 1.394.................happy day,
Syd 03:40 GMT October 6, 2010
Reply
With precious metal now up over 25% since February, is it now time for a correction? Insight with Dennis Gartman, The Gartman Letter.
http://www.cnbc.com/id/15840232?video=1608189117&play=1
DJ Australian Housing Market In Line For Downturn - Survey
In the Australian HIA's National Outlook for the second quarter, the group forecast housing starts would decline 4% in 2010-11 to around 159,393. Federal stimulus measures, including a first-time home buyers grant, had helped the amount of new homes built nationally increase 26% in 2009-10 to 165,209. Part of that slowdown in prices has been attributed to a string of interest rate hikes from the RBA earlier this year, although the central bank has now paused with rates in its last five meetings, including on Tuesday when it surprised economists by keeping rates steady at 4.5%.
Further evidence of a slowdown in pricing was provided last week, with RP Data-Rismark reporting Australian capital city house prices fell 0.2% in August from July.
While the cooling of house prices will be welcomed by those worried the market place is overpriced, there remains broad concern about the sustainability of Australia's housing market. Last week, Fitch Ratings said it will conduct stress testing on the housing market in coming months after being inundated with inquiries both locally and abroad on the sustainability of prices.
Hong Kong 02:56 GMT October 6, 2010
Reply
GBPUSD
Entry: Target: Stop:
INTRA-DAY GBP/USD: 1.5902
Last Update At 06 Oct 2010 02:19 GMT
Despite nr term sideways trading after y'day's
rally to a 2-month peak of 1.5932, pullback wud be
ltd to 1.5871/75 n yield rebound but abv said res
needed to confirm recent upmove has resumed n bring
further gain to 1.5953 n then twds 1.5999 res.
Buy on dips with stop as indicated, break wud
risk stronger correction to 1.5821.
Range Forecast
1.5890 / 1.5930
Resistance/Support
R: 1.5932/1.5953/1.5999
S: 1.5856/1.5821/1.5773
http://www.acetraderfx.com
dc CB 01:50 GMT October 6, 2010
Paving Road to Retirement With Gold
http://www.cnbc.com/id/15840232?video=1607897050&play=1
dc CB 01:44 GMT October 6, 2010
CNBC has a segment on today about how to protect your retirement with gold...how to buy gold in your IRA....
Don't have the link.
Melbourne Qindex 01:01 GMT October 6, 2010
Gold
Entry: Target: Stop:
Monthly Cycle Reference / Normal Upper Limits : [1313.3] - 1332.9 - [1333.9] - 1371.0 - 1371.9 - [1377.0] - 1377.1 - 1379.1 - - 1382.4 - 1402.9 - 1430.7 - 1549.9
Qindex.com
Melbourne Qindex 00:59 GMT October 6, 2010
Reply
Gold
Entry: Target: Stop:
Monthly Cycle Reference Normal Upper Limits : [1313.3] - 1371.0 - 1332.9 - [1333.9] - 1371.9 - [1377.0] - 1377.1 - 1379.1 - - 1382.4 - 1402.9 - 1430.7 - 1549.9
Gold : Monthly Cycle Charts
http://www.qindex.com/gc.html
Hong Kong 00:53 GMT October 6, 2010
Reply
Market Review - 05/10/2010 23:04 GMT
Euro rallies to a eight-month high against dollar amid Fed easing speculation
The single currency surged to an 8-month high against dollar on Tuesday, as the quantitative easing from BOJ fueled the speculation that U.S. Fed would pump more money to stimulate the economy and boosted demands of high-yield currencies and commodities. The dollar index fell by more than 1% to an 8 1/2-low of 77.698 on dollar's broad-based weakness.
Although the single currency dropped initially to 1.3637 in Asia after RBA kept interest rate unchanged, the pair rebounded from there on dollar's broad-based weakness, as the quantitative easing from BOJ reinforced the speculation that U.S. Fed would start another round of asset purchases. Euro then penetrated Monday's NZ high of 1.3809 and climbed to an 8-month high of 1.3860 in NY afternoon
BOJ cut its overnight call rate target to 0-0.1% versus previous 0.1% and said that Japanese economy was likely to be on moderate recovery trend but improvement moves were weakening. BOJ would keep zero rates until prices seen stabilising and would create fund to buy JGBS and other assets to push down long-term market rates and to narrow risk premium. BOJ said size of pool of funds for asset buying was likely to be around 35 trillion yens, less than the expectation of 40 trillion yens.
The greenback edged higher against the Japanese yen in Asian morning on short-covering and rallied above Monday's high of 83.88 to 83.99 after BOJ cut its overnight call rate target. However, dollar retreated from there and tumbled to 82.96, the lowest since BOJ's intervention, in NY morning on dollar's broad-based weakness.
Although the British pound edged lower in Asia and dropped to 1.5750 in European morning, cable rebounded from there and rallied to 1.5914 in tandem with euro after the release of higher-than-expected U.K. September service PMI (which rose to 52.8, versus 51.3 in August but Q3 growth revealed this was at its lowest level since Q2 2009). Cable eventually climbed to a 2-month high of 1.5932 in NY morning before retreating.
The Australian dollar nose-dived from 0.9678 to 0.9541 after the Reserve Bank of Australia (RBA) kept its key cash rate steady at 4.5%. The RBA statement indicated that 'information on the Australian economy shows growth around trend over the past year'. However, the Australian dollar pared its losses and rebounded strongly to 0.9737. Other commodities and high-yield currencies also rallied on Tuesday, as NZD/USD surged from 0.7357 to 0.7497 while usd/cad tanked from 1.0273 to 1.0154. Spot gold also rallied from 1312.80 to a fresh record high of 1340.70.
The Dow Jones Index rallied on Tuesday and closed the day up by 193 points, or 1.80% at 10945. FTSE-100, CAC-40 and DAX surged by 1.44%, 2.25% and 1.33% respectively.
Economic data to be released on Wednesday include:
U.K. BRC Shop Price Index, Halifax house prices , EU GDP, Germany Factory orders, U.S. ADP employment, Canada Ivey PMI.
http://www.acetraderfx.com
Melbourne Qindex 00:49 GMT October 6, 2010
Reply
Gold
Entry: Target: Stop:
Gold : Critical Point 1361.5
The market momentum is strong when it is able to trade within the "Monthly Cycle Reference / Normal Upper Limits at [1313.3] - 1371.0 - 1332.9 - [1333.9] - 1371.9 - [1377.0] - 1377.1 - 1379.1 - - 1382.4 - 1402.9 - 1430.7 - 1549.9". The market is now heading towards the barrier at 1361.5 // 1366.8.
Qindex.com
Lahore FM 00:15 GMT October 6, 2010
LA here holding partial long eurusd for 1.3940.
LA LA 00:12 GMT October 6, 2010
Reply
USDJPY
Entry: Target: Stop:
Questions
Is boj going to be put to a test???
Is anyone still holding a long eurusd???
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