Forex Forum Archive for 10/20/2010

GVI Forex Blog 23:51 GMT October 20, 2010 Reply   
It may well be a function of G20 approaching and the need to find common ground with major countries at G20 in S Korea Friday and Saturday (c bankers are attending as well) that US Treasury Secretary has been drawn into discussing the US dollar’s decline.

US Dollar Policy - A Work in Progress

tokyo rana 23:50 GMT October 20, 2010
Leb 23:37 GMT October 20, 2010
dear brother,oh yes hard luck yesterday...on tuesday ilost alot on long chfjpy nzdjpy eurusd gbpusd audusd 100pips each but now looks all covered...iwas short audusd heavly on tuesday morning but closed short and went long for few pips and ilost alot even ihad feeling everything will go down...good luck next time....ur gold is down alot...happy trade

Syd 23:43 GMT October 20, 2010 Reply   
BHP and Xstrata, at least, aren't finished yet. In off-record briefings to the local media, the companies have complained that the MRRT won't indemnify them against future royalty rises from state and local governments.

If indemnity isn't granted when the MRRT is passed into law, the thinly-veiled threat is to revive the blistering campaign against a previous version of the tax which led to the downfall of Prime Minister Kevin Rudd, and left his successor Gillard hanging onto office by a thread after August elections.

The Reserve Bank of Australia sees the strength of the mining boom, driven by surging demand for commodities, as the biggest challenge for the economy. The RBA has raised interest rates by 150 basis points over the past 12 months, with at least another 100 basis points of rises expected over the year ahead.

Yet surveys by the Australian Industry Group, a business lobby, show the manufacturing, services and construction sectors all contracting as the rising cost of money and goods and the deteriorating export competitiveness of Australian dollar-denominated products hollows out the non-mining parts of the economy.

Australia is verging on Dutch disease, that condition of some resource-based countries where one booming export sector chokes off the rest of the economy.

Well aware of the vagaries of the commodities cycle, the miners are playing a canny game.

The MRRT essentially provides them with an insurance policy against future falls in prices of the coal and iron ore affected by the tax. Any future tax can narrow or vanish when commodity prices fall. The awkward compromises of Australia's federal system mean that the royalties can still be levied by lower levels of government, but the spending will be rebated to the miners by Canberra. DJ

tokyo rana 23:43 GMT October 20, 2010
Sell EURJPY
Entry: above 114 if seen Target: lots of pips Stop: 116

Leb 23:37 GMT October 20, 2010
dear brother,possible ur right....but keep in mind this is strongest rebound after long long time on 4h time frame chart gbpusd audusd eurusd momentum looks very strong so possible again test prev res ithink.....short if eurjpy go between 114/115 or audjpy above 81 best eurusd above 1.41..........happy trade

GVI Forex Blog 23:42 GMT October 20, 2010 Reply   
The dollar struggled in Asia on Thursday, hovering just above a 15-year low against the yen as markets fretted about the amount of money the U.S. Federal Reserve will have to inject to shore up a faltering economy.

FOREX NEWS - Dollar struggles on Fed view, Aussie firms

GVI Forex Blog 23:40 GMT October 20, 2010 Reply   
Canada's dollar climbed on Wednesday as the U.S. currency skidded on more conjecture about the U.S. Federal Reserve further easing monetary policy, and after the Bank of Canada said it would

Forex Market News - CANADA FX DEBT-C$ rises in "risk on" move after Fed talk

Leb 23:37 GMT October 20, 2010
Dear Rana ,
i closed aud/jpy

well for euro/usd , H4 ichimoku i see strong short signal dont know .. i losed alot yesterday , hope this time will work

goodluck

tokyo rana 23:34 GMT October 20, 2010
Lebanon 23:23 GMT October 20, 2010
dear brother,how ru?u again short?yesterday i said wait for better entry to short e/u.....im waiting 1.405/1.415 or more short....or short audjpy around 81/82 or audusd 0.995/1.00.............................u closed audjpy short?isaid that short audjpy above 81 very safe....happy trade

sofia kaprikorn 23:25 GMT October 20, 2010
Short GBP/USD 1.5837

Lebanon 23:23 GMT October 20, 2010 Reply   
Sell EURUSD
Entry: 1.3960 Target: 1.350 Stop:

Greetings All ,

I think eur.usd will be down ......
what do yu think ?

Goodluck

tokyo rana 23:15 GMT October 20, 2010
Lahore FM 23:11 GMT October 20, 2010
dear brother,yes highly possible that usd will trade higher against major...but iwill wait for better entry...happy trade,

Lahore FM 23:13 GMT October 20, 2010
Buy GBPCHF
Entry: Target: Stop:

like gbpchf long from 1.5246 current but am all packed here.

tokyo rana 23:11 GMT October 20, 2010
Buy AUDJPY
Entry: 80.40 Target: 80.8/82 Stop: this is just misstake hedge

oh yes ithink audjpy will go 81/82....any idea?happy trade,

Lahore FM 23:11 GMT October 20, 2010
Rana,my current view is bearish and limited to the parametres of entry and sl posted.

will make a fresh view if it does not work.

i see correction higher for usd.

tokyo rana 23:09 GMT October 20, 2010
Buy GBPUSD
Entry: 1.5729 Target: open Stop: 1.573

Lahore FM 22:56 GMT October 20, 2010
dear brother,how are you?im seeing ur short audusd...im also very bearish on aud eur longer term waiting for good entry audjpy or audusd....donot u think eurusd test 1.405/1.415 and gbpusd 1.605?im waiting for audusd 0.995/1.00 to short...happy trade,

Philadelphia Caba 23:07 GMT October 20, 2010
thanks FM, busy and just watching here...
don't think that BOJ is bunch of amateurs....
g/l my friend!

Lahore FM 22:56 GMT October 20, 2010
hi Caba,hope you are all good!

no lines in the sand there really.inefficacy of interventions is self evident with price action even two day afterwards.

Philadelphia Caba 22:45 GMT October 20, 2010 Reply   
usd/jpy 80.80 line in sand for BOJ now?

Syd 22:27 GMT October 20, 2010 Reply   
Richmond Federal Reserve President
Jeffrey Lacker said Monday evening that if conditions in the U.S. economy remain as they are, it will be hard for those on the Federal Open Market Committee who support additional monetary stimulus to make their case at the November 2 meeting.
Speaking to reporters at the close of a financial journalism
workshop, Lacker said if growth comes in as expected, it would be, for him, a hard case to make that more quantitative easing is warranted. “It is how I feel now, but I’ll take an open mind into the meeting,” he
added. MNI

GVI Forex Chart Man 22:17 GMT October 20, 2010
GVI Chart Man
Entry: Target: Stop:

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Note top of menu page links to individual currency charts and tables.

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Lahore FM 22:06 GMT October 20, 2010
Dubai SAS 19:09 GMT October 20, 2010
Trade Ideas: Reply
Lahore FM 18:12 GMT October 20, 2010

Hi FM .. do u have any views on the chinese data release tom ... does it make it tricky considering they hiked yesterday ?

--
SAS,i am short audusd and like it.my best guess which sides with my book is that it would turn out negative aud and negative risk sentiment.

by the way how did you know i will have a view on this?

Lahore FM 22:04 GMT October 20, 2010
Sell EURGBP
Entry: 0.8812 Target: Stop: 0.8835 bid as always

sold with 0.8835 sl.

GVI Forex john 21:20 GMT October 20, 2010
OTHER
Entry: Target: Stop:

from the G-V blog due later from Westpac NZ...

AUD/USD and NZD/USD outlook next 24 hours:
A swag of official China data is released this afternoon, the contents likely to be AUD-supportive given the rate hike earlier this week. Barring shocks, AUD should be supported at 0.9800 today, any upside capped at 0.9960.

NZD should remain in a 0.7500-0.7600 range, barring surprises from NZ migration or consumer confidence data releases today.

GVI Forex john 21:15 GMT October 20, 2010
cheers!

sofia kaprikorn 21:11 GMT October 20, 2010
Long USD/CAD 1.0217 / risk 1.0188

Porto Cubriclas 21:09 GMT October 20, 2010
Hi John.
gbp after 21.00 gmt
I think now its normal.
It wasnt a big move but makes me think!
Thanks.

sofia kaprikorn 21:07 GMT October 20, 2010
Short EUR/USD 1.3966 / risk 1.4006

GVI Forex john 21:05 GMT October 20, 2010
Which currency pair are you asking about?

sofia kaprikorn 21:05 GMT October 20, 2010 Reply   
Buy USDCHF
Entry: 0.9618 Target: 0.98 Stop: 0.9575

based on bouncing off channel bottom.

Porto Cubriclas 21:02 GMT October 20, 2010 Reply   
Whats hapening?

GVI Forex john 21:00 GMT October 20, 2010
CALENDAR
Entry: Target: Stop:

Lloyds TSB Blog

sofia kaprikorn 20:59 GMT October 20, 2010 Reply   
Sell EURGBP
Entry: 0.8808 Target: 0.8688 Stop: 0.8828

range trade basically.

GVI Forex john 20:46 GMT October 20, 2010
WHAT'S THE BUZZ?
Entry: Target: Stop:

• G20: Focus is Seoul Finance Minister/CB chiefs (Oct 22-23. Agenda FX, capital controls and free trade. No telling where this leads, if anywhere?
• G20: Currency wars. Jpn vs. China, Jpn vs. S. Korea, U.S. vs. China. Asian FX realignment?


• USD: Very choppy volatile trade USD selling interest running out of steam?.
• USD: Weak USD policy. Gethner said no. Don't believe him, QE is weak USD strategy.
• USD: U.S. quantitative ease Nov 3. Expect a strong reaction if outlook changes.


• EUR: EU unhappy as EUR bears brunt of USD adjustment.
• EUR: Trichet contradicts BBK's hawkWeber. Unclear where ECB stands on bond buys.


• JPY: Corp USDJPY planning rates now 80-85 from 90.
• JPY: BOJ intervention ineffective while USD broadly weak.
• CNY: U.S. FX manipulator report post- Seoul G20 (Nov 11-12). G20 after large CNY reval.

GVI Forex john 20:41 GMT October 20, 2010
Global-View Chart Gallery updated. A large selection of updated forex, interest rate and equity charts.

GVI Forex john 20:40 GMT October 20, 2010
Global-View Market Tracker updated.

Twice daily survey of a broad range of markets.

GVI Forex john 20:28 GMT October 20, 2010
MOVING AVERAGES
Entry: Target: Stop:

MVA	EURUSD	USDJPY	USDCHF	GBPUSD	USDCAD
TREND					
s/t 5-20   Up	Down	Down	Up	Down
m/t 20-50  Up	Down	Down	Up	Down
l/t 50-200 Up	Down	Down	Up	Down
5 day	1.3942	81.36	0.9603	1.5891	1.0173
10 day	1.3930	81.69	0.9612	1.5884	1.0144
20 day	1.3782	82.68	0.9688	1.5846	1.0197
50 day	1.3224	83.99	1.0007	1.5651	1.0326
100 day	1.2916	86.31	1.0413	1.5404	1.0357
200 day	1.3170	88.84	1.0597	1.5353	1.0345

London SFH 20:25 GMT October 20, 2010
Haha PAR-Exactly

GVI Forex john 20:24 GMT October 20, 2010
LATEST PIVOT POINTS
Entry: Target: Stop:

Pivots	EURUSD	USDJPY	USDCHF	GBPUSD	USDCAD
Res 3	1.4353	82.39	0.9849	1.6144	1.0453
Res 2	1.4172	82.02	0.9784	1.6011	1.0400
Res 1	1.4061	81.58	0.9704	1.5921	1.0312
					
Pivot	1.3880	81.21	0.9639	1.5788	1.0259
					
Sup 1	1.3769	80.77	0.9559	1.5698	1.0171
Sup 2	1.3588	80.40	0.9494	1.5565	1.0118
Sup 3	1.3477	79.96	0.9414	1.5475	1.0030

GVI Forex john 20:22 GMT October 20, 2010
GVI CHART POINTS
Entry: Target: Stop:

Trading Resources...

GVI Forex john 19:54 GMT October 20, 2010
FX DATABASE
Entry: Target: Stop:

UPDATED. Global-View Free FX Database. High-Low-Close data for over a dozen currency pairs for well over a decade of data in spreadsheet format.

GVI Forex Blog 19:49 GMT October 20, 2010 Reply   

E-mini S&P 500 Recovers Tuesday’s Loss; Poised to Test 1182.25

GVI Forex Blog 19:49 GMT October 20, 2010 Reply   

U.S. Dollar under Pressure; Medley Report Outlines Fed QE Plan

GVI Forex john 19:42 GMT October 20, 2010
CALENDAR
Entry: Target: Stop:

UPDATED Global-View Trading Events Calendar. Scheduled market-moving items.

Wytheville AH 19:22 GMT October 20, 2010
He must be a new hire .... But Hey !! .. we've all got to make a living somehow !! ..... lol :)

PAR 19:10 GMT October 20, 2010 Reply   
Hilarious

Best Time to Buy Stocks Since 1980s: Legg Mason's Miller
Stocks are cheap right now and it may be the best time to buy them since the early 1980s, Legg Mason Capital Management Chairman and CIO Bill Miller told CNBC Wednesday.

Syd 19:10 GMT October 20, 2010 Reply   
BHP, Rio Tinto and Xstrata have called an urgent meeting today to consider abandoning their troubled tax agreement with Julia Gillard.
This comes after the government admitted it was seeking to back away from a key part of the deal.
The possible collapse of the deal comes amid revelations Treasury is refusing to hand over legal advice that raises constitutional concerns about the planned mineral resources rent tax to the government's "policy transition group" charged with finalising the tax design..West Australian Premier Colin Barnett said he reserved the right to jack up royalty rates in future.
lBarnett said he reserved the right to jack up royalty rates in future.

Dubai SAS 19:09 GMT October 20, 2010
Lahore FM 18:12 GMT October 20, 2010

Hi FM .. do u have any views on the chinese data release tom ... does it make it tricky considering they hiked yesterday ?

GVI Forex john 19:00 GMT October 20, 2010
One additional comment about the G20, the finance minister and Central Banker meetings are much more likely to come to a decision that will impact our markets. When it comes to FX, the G20 leaders usually don't have a clue.

Wytheville AH 18:19 GMT October 20, 2010
basis 4 hr chart ... nothing really dramatic .. a simple retest of support area 9575 zone ... then mid range close 9612 (on the last 4hr bar) .... this is constructive action to me ... I will not at all be surprised at a retest again of that 9575 support zone .... I like what I see ... Good Trades All ... :)

Lahore FM 18:12 GMT October 20, 2010
Buy USDCAD
Entry: 1.0226 Target: Stop: 1.0150 tentative only

long now.non rigid sl.

PAR 18:06 GMT October 20, 2010 Reply   
20 Oct 2010 19:01 BST DJ MARKET TALK: Beige Book: Economic Growth At Modest Pace


1801 GMT [Dow Jones] The Fed's beige book sketches an economy growing at a modest pace, with all-important consumers "slowly regaining confidence" across the U.S. Housing remains weak. The mildly upbeat tone gives Fed slightly more leeway in initiating further easing, although the view that prices are stable means inflation still not high enough for Fed's liking. The book was prepared by Dallas Fed in advance of Fed's policy meeting on Nov. 2-3. (kathleen.madigan@dowjones.com)

Wytheville AH 17:59 GMT October 20, 2010
Agree ... but at some point the rubberband gets stretched too far .... and there are far more 'Joe Sixpacks" out in the world than what? ...maybe a few thousand elite class who benefit from the satus quo .... imho ... 1 more hard & fast "crack-up boom" hyper-inflation extravaganza then the real collapse ... 3-5 year run up in paper financials, physical gold/silver ... (not housing) for the most part ... yes Dow 30,000 here we come !! :)

Singapore SGFXTrader 17:50 GMT October 20, 2010 Reply   
Sell AUDUSD
Entry: Target: Stop:

Can anyone advise if it is safe to short AudUSD at 0.986x level.

The monthly chart point uptrend But i see a short-term correction.

USD is so weak. Is it time to short?

I have made my pips from long Audusd and Eurusd since asian time on wed.

jerusalem kb 17:49 GMT October 20, 2010 Reply   


GBPUSD
Entry: Target: Stop:

may be i will start trade from long side starting from next week when ma 100goes below ma 20 confirmed by strong breakout in smaller time chart

PAR 17:41 GMT October 20, 2010
QE2 basically is the same as intervention.

Free market principles no longer apply. Democratic principles no longer apply. So it is up to the Gods , Bernanke & Goldman to decide who to help and mostly it is not JoeSixPack but their friends "Buffett & the Bankers " .

PAR 17:34 GMT October 20, 2010 Reply   
OCTOBER 20, 2010, 1:15 P.M. ET.US Stocks Extend Gains; Materials, Energy Lead Rally

By Jonathan Cheng
U.S. stocks extended their gains Wednesday, mounting a broad-based rally with help from the embattled financial sector to erase most of the previous day's losses.

The Dow Jones Industrial Average gained 154 points, or 1.4%, at 11133 in midday trading, while the Standard & Poor's 500-stock index was higher by 15 points to 1181 and the Nasdaq Composite gained 28 points to 2465.

Materials and energy stocks were the two best performing sectors, a day after both were clobbered by fears over Beijing's attempts to slow the world's second-largest economy. Cliffs Natural Resources added 4% and Freeport McMoran gained 3.6%, while Massey Energy jumped 6.2% amid reports the Richmond, Va., miner is exploring a potential sale of the company. DuPont, meanwhile, added 3% to lead the Dow components.


.

nyc ws 17:33 GMT October 20, 2010
It is like yesterday never existed and we are back to where we started the week.

GVI Forex Jay 17:17 GMT October 20, 2010
From Trade the News:

Wednesday, October 20, 2010 1:05:19 PM
(EU) EU document ahead of G20 will reportedly urge for new measures to rebalance growth and FX rates
- Notes that some patterns from pre-crisis are coming back
- Sees potential for protectionsims if large surpluses and gaps in economies remain; requests affirmation of China's commitment for Yuan appreciation on sustained basis

paris gio 17:12 GMT October 20, 2010
Sell EURUSD
Entry: 13973 Target: 13935 Stop: 1405

closed at 13950

GVI Forex Jay 17:06 GMT October 20, 2010
With the US about to embark on QE2, the only move I can think of to ease pressures in the fx market would be for emerging countries to stop intervening (and accumulating dollars that have to be diversified) and allow their currencies to appreciate. The US and Europe would stand up and applaud at such a move but it is highly doubtful as China would have to take the lead in this.

This does not mean there won't be some caution ahead of the meeting but I do not think expectations over any sort of an agreement will be very high.

PAR 17:01 GMT October 20, 2010
Earthquakes also happen from time to time . Thanks for your always interesting comments .

GVI Forex john 16:58 GMT October 20, 2010
PAR- 99% of the time I would agree. Lots of pressure on these guys to stop the currency wars. There's an outside risk they could come up with something. I would not bet on it but something could happen?

PAR 16:53 GMT October 20, 2010
Only benefit of G20 finance minister meetings is to the travel and hotel industry. In times of austerity it sends the wrong signals. Enjoying opulence while the streets of Paris are on fire . Reminds me " Marie Antoinette" .

GVI Forex john 16:36 GMT October 20, 2010
CALENDAR
Entry: Target: Stop:

G20 finance ministers and central bank chiefs will meet in Gyeongju, South Korea, on Oct. 22-23.

The heads of the G-20 nations will next meet in Seoul on November 11–12, 2010. Starting in 2011, G-20 summits will be held annually.

PAR 16:34 GMT October 20, 2010 Reply   
Billions ?

Trillions ?

What comes after trillions? Zillions ?

tokyo rana 16:29 GMT October 20, 2010
Buy EURUSD
Entry: 1.3739 Target: 1.405/1.41.5 maybe more depends maybe buy on ret Stop: 1.38now

Richland QC Mailman 16:18 GMT October 20, 2010
dear friend,ur welcome....iwill close my position 1.405 half rest 1.415 if seen...but anything possible if stocks sell of than down possible if stocks close higher than nikkei will go up so possible get my target asia session 1.405 and above.....gbpusd long small so keep for 1.605 on ret maybe buy again maybe not.....ifavor lower usd bcoz ihave feeling usdjpy still not made long term low yet so usd pairs not yet topped out....ihave feeling audusd will go above 1.00/1.03 around.....but ican be wrong anything possible........happy trade,

NYC ET 16:24 GMT October 20, 2010
Stocks keep moving higher but eurusd correlation is struggling to keep up.

Frankfurt HH 16:19 GMT October 20, 2010
Are we going to see 1.40 again? That is what I am aiming for.

Richland QC Mailman 16:18 GMT October 20, 2010
Thanks Raya.

Folks, better be cautious now when price hits 1.4000 handle again. Our theory is that market would reject the bulls strongly before it even touches it or let it pierce 1.4000 only to be vehemently rejected, in which case, we could be seeing a resumption of down-move/corrective wave from that level. Let us see if it has enough gas in its reserve.

Gen dk 16:10 GMT October 20, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

nyc ws 16:10 GMT October 20, 2010 Reply   
Stocks just spiked higher

London em 16:10 GMT October 20, 2010
Think you have stated the obvious there my friend, but generally that often happens people bearish when the price declines 200 points and then they become bullish after the price has risen 200 points.

tokyo rana 16:09 GMT October 20, 2010
Richland QC Mailman 16:06 GMT October 20, 2010
dear friend,FM and you nice calls buying eur gbp aud easly asia session....iwas long from yesterday....happy trade,

Richland QC Mailman 16:06 GMT October 20, 2010
Hi folks. just back from good basketball game... Looking at the daily chart and candles, euro has erased all of its losses yesterday. It has resurrected nicely from 1.3690's. Bulls are back in play.

PAR 16:01 GMT October 20, 2010
Banks and US Companies will use QE2 to buy back their own shares to enhance shareholders value hence the big moves in the stock market when probability of QE2 increases. Impact on real economy and US jobs will be neglible.

BERN DS 15:51 GMT October 20, 2010 Reply   
Have tried everything in that cross over the last 3-4 weeks, nothing seems to work properly... Just thinking , what could be the pain trade in that... I guess, a little move to 13850, then 14300 over the next 3 month would kill the rest of the dealers still around... -,)... glgt...

tokyo rana 15:44 GMT October 20, 2010
i closed cadjpy long 5pips plus only im again scared from jpy...idonot know why all peoples saying eurusd and gbpusd heading here and there ithink markeet is very choppy so anything possible looks to flat neutral eur gbp aud etc only jpy looks bullish....happy trade,

kl fs 15:43 GMT October 20, 2010 Reply   
still the best play to short usd is via selling usdjpy IMHO, this pair will always go down whenever we have a spike, keep doing it until it does not work anymore

nyc s 15:42 GMT October 20, 2010 Reply   
Buy EURUSD
Entry: 1.3930-35 Target: 1.3980-00 Stop: 1.3915

Day trade if seen

Wytheville AH 15:40 GMT October 20, 2010
"long" dollar positions these days are a very lonely trade ... ahh yes ... which is exactly what I like about it !! ... dollar is being accumulated ... volatility both directions ... gotta luv it !! ... watching for some type of spike hi in euro now ... see what happens ...

RIYADH RUH-DMM-RUH 15:35 GMT October 20, 2010 Reply   
EURUSD heading to 1.3475
USDCHF heading to 0.9880

paris gio 15:33 GMT October 20, 2010 Reply   
Sell EURUSD
Entry: 1373 Target: 1335 Stop: 1405

....

GVI Forex Blog 15:32 GMT October 20, 2010 Reply   
With yesterday's dollar strength a memory the EUR/USD is probing 1.40 as the euro gains towards on renewed chatter that the Fed plans to "aggressively increase its bond purchases."

Forex Blog - US Market Update (TTN)

hillegom purk 15:31 GMT October 20, 2010
Issues.LOL like your style. Nice thing is that yesterday we went the other way around, isnt it great?

Wytheville AH 15:27 GMT October 20, 2010
IF .. USD is "finished" ... then so is everything else ... no doubt we've got "issues" ... but U think any other major Govts have more transparency? China ? ... not hardly...Greenback is still the World's Reserve currency .... Fed still holds the most Gold bullion ... Europe is still a mess ... but ... the price is the price .. regardless of fundamentals ... & euro has recovered all of yesterday's losses ... All the Best !!

HK Kevin 15:25 GMT October 20, 2010
HK Kevin 14:33 GMT October 20, 2010
US Dollar: Reply
Just sold EUR at 1.3930, stop at 1.3959
Short small positions again at 1.3976 after being stop out, s/l 1.4041

tokyo rana 15:25 GMT October 20, 2010 Reply   

Entry: cadjpy 79.13 Target: open Stop: below todays low

boought cadjpy....happy trade,

manila tom 15:24 GMT October 20, 2010 Reply   
Buy EURUSD
Entry: 1.3973 Target: 1.4033 Stop: 1.3943

intraday play following the strong intraday trend

dc CB 15:23 GMT October 20, 2010
Are banks merely using today's TIPS monetization proceeds as collateral to short the crap out of the dollar?

http://www.zerohedge.com/article/dollar-breaks-usdjpy-falls-15-year-low-8084

London Mick 15:19 GMT October 20, 2010
This was a large commercial buy order for several yards. I think it is done.

hillegom purk 15:16 GMT October 20, 2010
Nope, i just trade and i do not give a rats a... what anyone thinks of that.

Lahore FM 15:12 GMT October 20, 2010
THANKS!

kl fs 15:11 GMT October 20, 2010 Reply   
euro is all too powerful it seems, nonstop buying
usd is finished!

dc CB 15:11 GMT October 20, 2010
Permanent Open Market Operations: The Fed purchases $660 mln of TIPS set to mature between 2011 and 2040, as dealers looked to put back $10.25 bln.

This marks the 2nd smallest POMO of the last 10.

GVI Forex john 15:11 GMT October 20, 2010
CALENDAR ITEM PREVIEW
Entry: Target: Stop:

Lloyds TSB Blog

jerusalem kb 15:10 GMT October 20, 2010
THIS CALL WAS THE BEST

tokyo rana 15:10 GMT October 20, 2010
Buy EURUSD
Entry: 1.3739 Target: 1.405 Stop: 1.38now

i will go aggrasively to my targets eurusd1.405 and gbpusd1.605 with full position win or lose....happy trade,

Dubai SAS 15:09 GMT October 20, 2010 Reply   
Sell EURUSD
Entry: 1.3975 Target: Open Stop: 1.4015

Sold ....

PAR 15:08 GMT October 20, 2010
Suicidal ?

hillegom purk 15:05 GMT October 20, 2010
Couldnt help myself, 13970 in 2 times..

Lahore FM 15:04 GMT October 20, 2010
Sell EURUSD
Entry: 1.3972 Target: Stop: 1.4010

sold too.

tokyo rana 15:03 GMT October 20, 2010
i said few hours ago usdjpy another low is coming and usdjpy made another 15years low....happy trade,

Lahore FM 15:03 GMT October 20, 2010
Buy EURUSD
Entry: 1.3745 Target: Stop: 1.3710 for 1/2

10/20/2010 08:42:37 FM Lahore 11

Buy EURUSD
Entry: 1.3745 Target: Stop: 1.3710 for 1/2.
10/19/2010 18:18:03 FM Lahore 5

Buy EURUSD
Entry: 1.3745 Target: Stop: 1.3695
long here.

--
closed half 1.3819 now.sl raised for remainder
--
closed all 1.3972 for 227+ in all.

Cambridge Joe 14:55 GMT October 20, 2010 Reply   
KaL/

your numbers are outta-sight !
http://www.youtube.com/watch?v=pxYcObphuMg

GVI Forex Blog 14:52 GMT October 20, 2010 Reply   
On Thursday, the Far East will see no key data. In Europe, Swiss Trade and ZEW sentiment data are due. The EZ will see flash Mfg/Svc PMI data and U.K. Retail sales data are awaited.

GVI Forex- Data Outlook for Oct 20, 2010

tokyo rana 14:52 GMT October 20, 2010 Reply   
Sell USDJPY
Entry: Target: Stop:

selling usd great fun...usdjpy short entry 81.53 80.90 63pips plus stop was 82.............happy trade,

Wytheville AH 14:50 GMT October 20, 2010
added long usd/chf 9577 .... impressive Euro move today ... once again causing the most pain to the most traders possible .. lol

hillegom purk 14:50 GMT October 20, 2010
13965 3 times in... yawn...

PAR 14:49 GMT October 20, 2010 Reply   
Looks like Us treasury has been intervening to weaken the Us dollar ?

GVI Forex john 14:49 GMT October 20, 2010
CALENDAR
Entry: Target: Stop:

Oct 20 (global-view.com) UPCOMING DATA HIGHLIGHTS:

On Thursday, the Far East will see no key data.

In Europe, Swiss Trade and ZEW sentiment data are due. The EZ will see flash Mfg/Svc PMI data and U.K. Retail sales data are awaited.

In North America, weekly jobless claims, the Philly Fed Survey, Leading indicators. And natural gas inventories are due. In Canada, leading indicators and the BOC policy report are slated. A slew of Chinese data are due very early on Friday.

UPDATED Global-View Trading Events Calendar. Scheduled market-moving items.

jerusalem kb 14:47 GMT October 20, 2010
sl
A7A!!!

Dubai SAS 14:45 GMT October 20, 2010 Reply   
Sell AUDUSD
Entry: 9855 Target: Open Stop: 9915

Short now ..

PAR 14:44 GMT October 20, 2010 Reply   
EURUSD 1.4000 > DOW up more than 200 points. Thank you PPT.

hillegom purk 14:43 GMT October 20, 2010
13944 in 1 time.Patience...

Gen dk 14:42 GMT October 20, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

hillegom purk 14:36 GMT October 20, 2010 Reply   
Short e/u 13935 1 time. Adding untill drop thingy didelidooo.

Wytheville AH 14:36 GMT October 20, 2010
bought usd/chf ... 9599 ... s/l 9545

HK Kevin 14:33 GMT October 20, 2010
Just sold EUR at 1.3930, stop at 1.3959

Gen dk 14:33 GMT October 20, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

HK Kevin 14:19 GMT October 20, 2010
EUR/USD critical resitance at 1.3935

jerusalem kb 14:19 GMT October 20, 2010 Reply   
Sell EURUSD
Entry: 1.3910 Target: 1.3780 Stop: 1.3960

sold

Wytheville AH 14:15 GMT October 20, 2010
depends on your time frame u choose to trade ? ... could be a great day !! ... :)

PAR 14:12 GMT October 20, 2010 Reply   
Not exactly a good day to buy dollars.

tokyo rana 14:12 GMT October 20, 2010
if today close above yesterdays high usd pair and bad job less claim than very possible new highs....im anti usd...idonot think usd can rally im very bearish on usd....happy trade,

Lahore FM 14:04 GMT October 20, 2010
Sell AUDUSD
Entry: 0.9807 Target: Stop: 0.9890

sold.

hillegom purk 14:01 GMT October 20, 2010
That means btw that the last 9727 was stopped at b/e.

hillegom purk 13:59 GMT October 20, 2010 Reply   
Right, instead of the 2 9727 i took 9818 2 times.
Cheers

Gen dk 13:58 GMT October 20, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Lahore FM 13:57 GMT October 20, 2010
Buy USDCHF
Entry: 0.9621 Target: Stop: none for now

small long added.

Bahrain BAH1 13:56 GMT October 20, 2010 Reply   
Hi Tokyo Rana......
Nice to hear u made some money.....
wish you all the best and goooooooood luck

nyc ws 13:56 GMT October 20, 2010
US stocks popped higher

Wytheville AH 13:55 GMT October 20, 2010
just a typical day of trading is all ... shake & bake.... will observe the euro spike here .. see if it has follow thru ...

London GB 13:50 GMT October 20, 2010
Is there any news out or did I miss something?

tokyo rana 13:48 GMT October 20, 2010
Bahrain BAH1 13:45 GMT October 20, 2010
dear friend,wow wat a move from cable and euro...im happy today green pips....but usd weakness is more main problem is usd....so sell eur against jpy and chf..not against usd and gbp.....

Gen dk 13:45 GMT October 20, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Bahrain BAH1 13:45 GMT October 20, 2010 Reply   
Germany's Merkel says euro weakness hasn't been overcome yet. Says euro is shielded for now by rescue packages(Reuters).

Gen dk 13:44 GMT October 20, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

PAR 13:40 GMT October 20, 2010 Reply   
USD & US Stocks 100 inverse correlation. Dollar down > Stocks up . It cannot really be that simple ?

GVI Forex Chartman 13:19 GMT October 20, 2010
GVI Chart Man
Entry: Target: Stop:

BETA: GVI Chart Man analysis trading tools from GVI forex...

Summary Page

Note top of menu page links to individual currency charts and tables.

The new page features trendline analyses, fibonacci retracements against local key highs and lows, and moving average analyses. The purpose of all these analses in one place is to identify mrket trends from sevral angles and to supply additional key support/resistance levels. We hope you find this analysis useful and then take it to a higher level. More to come.

tokyo rana 13:13 GMT October 20, 2010
i m basicly targeting eurusd 1.405 and gbpusd 1.605 around....if these levels taken than look for another 300/400pips......im long from 1.374 and 1.573 about....lets see wat happen....dailyfx is usd pairs topped out and they are selling aggrasively and heavly already yeah possible....when dailyfx start shorting than one more leg up possible yeah....happy trade,

Wytheville AH 13:08 GMT October 20, 2010
60 min chart ... last hour ..low end close after probing into resistance ... should retest lower ... selling now more aggressive vs buying ...

Auckland peat 13:07 GMT October 20, 2010
and on a shorter time frame 1.3840 looks important area now to have broken through the support so as to become resist.

tokyo rana 13:04 GMT October 20, 2010
eurusd audusd 4h chart looks very ugly now some ret...ihope not much ret...

Saar KaL 12:49 GMT October 20, 2010
My Best Long is AUDCAD

1.0205 0.9858 20.71 95%
1.0214 0.9849 16.84 96%
1.0224 0.9840 13.58 96%
1.0233 0.9831 10.85 97%
1.0242 0.9822 8.60 98%
1.0251 0.9813 6.75 98%
1.0261 0.9804 5.25 99%

Saar KaL 12:41 GMT October 20, 2010
Thanks Bro...:)

Saar KaL 12:39 GMT October 20, 2010
EURGBP
Near Exit for Longs
anyways adding Longs for next few days


0.8916 0.8612 20.71 95%
0.8924 0.8604 16.84 96%
0.8933 0.8597 13.58 96%
0.8941 0.8589 10.85 97%
0.8950 0.8581 8.60 98%
0.8958 0.8574 6.75 98%
0.8966 0.8566 5.25 99%

Gen dk 12:38 GMT October 20, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

PAR 12:17 GMT October 20, 2010
PPT selling USD and buying stocks & commodities; Good for "Buffett & the Bankers" bad for JoeSixPack.

FED is owned by banks not by the people.

Cambridge Joe 12:09 GMT October 20, 2010 Reply   
KaL/ many thanks
+120 on a small batch of orders followed on your posts.
Nice work !

tokyo rana 11:56 GMT October 20, 2010
s&p and dji failure or correction lower....ithink this week another highs will come.....happy trade,

Bahrain BAH1 11:55 GMT October 20, 2010 Reply   
total -44 pips on short euro$.....
slow and tricky today.......seems next target 1.3880 now.
let c. GL

GVI Forex Blog 11:55 GMT October 20, 2010 Reply   
As expected, Dollar-Swiss moved down in the European session today and is currently trading in the Support region of 0.9650-25.

FX Thoughts for the day : 20-Oct-2010 - 1155 GMT

Wytheville AH 11:50 GMT October 20, 2010
agree ...15 min chart ....14000 - 13700 range... 13885 area is .618 so could rally there also ... perhaps a quick jab to washout stops .... of course longer term ... Euro going to "parity" .... :)

GVI Forex john 11:48 GMT October 20, 2010
UPDATED Global-View IMM Futures Points. G-V Spot to Fututes Calculator.

tokyo rana 11:45 GMT October 20, 2010
Lebanon 11:41 GMT October 20, 2010
dear brother,ithink usdjpy not made yet low 1.385 is just 50% of yesterday.....ithink usdjpy will make another low soon.....ithink eurusd range is 1.35/1.45 for next 1month next month short for 1.3/1.2......happy trade,

Saar KaL 11:43 GMT October 20, 2010
I think USD Bulls are having 2nd thoughts..by now

Lebanon 11:41 GMT October 20, 2010
Dear Rana , i thinks 1.3850 is a strong res ..
i use ichimoku , i see it wil be down from here ..

dont know .. goodluck

tokyo rana 11:40 GMT October 20, 2010
Lebanon 11:37 GMT October 20, 2010
dear brother,why ur in so hurry why not wait for better entry?im long now gbpusd and eurusd...ithink usd will weaken some more.....but good luckhappy trade,

Lebanon 11:37 GMT October 20, 2010 Reply   
Sell
Entry: 13850 Target: 13500 Stop:

Greetings ,

I am short ..
Goodluck

GVI Forex john 11:15 GMT October 20, 2010
Global-View Market Tracker updated. Twice daily survey of a broad range of markets.

GVI Forex john 10:55 GMT October 20, 2010
WHAT'S THE BUZZ?
Entry: Target: Stop:

• G20: Focus in Seoul this w/e will be FX, captial controls, currency wars and freer trade. No telling where this leads, if anywhere?


• USD: Momentum switch? Keeping our eyes open.
• USD: Weak USD policy (benign neglect). Gethner says no. Don't believe him.
• USD: U.S. quantitative ease Nov 3. Expect a strong reaction if denied.


• EUR: EU unhappy EUR bears brunt of USD adjustment.
• EUR: Trichet contradicted hawkish BBK's Weber. Not clear where ECB stands.


• JPY: Corp USDJPY planning rates now 80-85 from 90.
• JPY: BOJ intervention ineffective while USD broadly weak.
• ASIA: Currency wars. Jpn vs. China, Jpn vs. S.Korea etc. U.S. vs. China. Asian realignment.
• CNY: U.S. currency manipulator report delayed until after Seoul G20. Interest rate hike not enough. G20 still wants a currency adjustment.

Bahrain BAH1 10:50 GMT October 20, 2010 Reply   
Hi all,
any idea what time is the earning announcement news pls

Bahrain BAH1 10:46 GMT October 20, 2010 Reply   
still holding short at 19....almost was stopped
moving stop to 53bid.

Dubai SAS 10:43 GMT October 20, 2010
Out of all cable longs @ 1.5709 ...

GVI Forex Blog 10:37 GMT October 20, 2010 Reply   
The dollar fell against a basket of currencies for the first time in four sessions on Wednesday, as appetite for higher-yielding currencies stabilised after being jolted by a surprise interest rate hike by China.

FOREX NEWS - Dollar slips as China rate hike impact wanes

Gen dk 10:23 GMT October 20, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

tokyo rana 10:15 GMT October 20, 2010
Buy EURUSD
Entry: 1.383 Target: open Stop: 100pips

small long again...happy trade,

GVI Forex john 10:12 GMT October 20, 2010
LATEST PIVOT POINTS
Entry: Target: Stop:

Pivots	EURUSD	USDJPY	USDCHF	GBPUSD	USDCAD
Res 3	1.4196	82.69	0.9962	1.6126	1.0615
Res 2	1.4099	82.31	0.9860	1.6033	1.0494
Res 1	1.3914	81.92	0.9782	1.5866	1.0406
					
Pivot	1.3817	81.54	0.9680	1.5773	1.0285
					
Sup 1	1.3632	81.15	0.9602	1.5606	1.0197
Sup 2	1.3535	80.77	0.9500	1.5513	1.0076
Sup 3	1.3350	80.38	0.9422	1.5346	0.9988
					

tokyo rana 10:08 GMT October 20, 2010
Buy GBPUSD
Entry: 1.57286 Target: open Stop: 100pips

bought....happy trade,

Wytheville AH 10:08 GMT October 20, 2010 Reply   
Long 9650- 9625 area (9635)....s/l 9590... after yesterday solid daily close now a perfect retest on lite volume into support zone .... to me rallies in Euro should be sold at resistance areas 13850-85... supply has entered into Euro now/demand for dollar ... so to me a definite change of behavior has transpired... Good Trades All.... :)

GVI Forex Blog 10:04 GMT October 20, 2010 Reply   
The ability of the Chinese equity markets to shake off the PBoC rate hike help to instill calm in the markets following the spat of risk aversion that enveloped sentiment on Tuesday.

European Market Update: BOE minutes show three-way split on policy action (TTN)

tokyo rana 10:02 GMT October 20, 2010 Reply   
Buy EURUSD
Entry: Target: Stop:

long from 1.3739 out @ 1.3845 105pips plus...this was 5 time biger positions than yesterday so it means 525pips plus today imade.....happy trade,

jerusalem kb 09:59 GMT October 20, 2010
hit sl 65pips-

GVI Forex john 09:57 GMT October 20, 2010
Trading Resources...

GVI Forex john 09:52 GMT October 20, 2010
Global-View Chart Gallery updated. A large selection of updated forex, interest rate and equity charts.

GVI Forex Blog 09:51 GMT October 20, 2010 Reply   
Forex Pros – The U.S. dollar was down against the yen on Wednesday, re-approaching a 15-year low as market focus returned to the prospect of further monetary easing by the Federal Reserve.

ForexPros Daily News October 20, 2010

GVI Forex Blog 09:51 GMT October 20, 2010 Reply   
10:00 GMT (Global-View.com) Oct 20- Forex markets have stabilized early Wednesday as the markets have pulled back from heavy short positions in the USD ahead of the G20 this weekend in Seoul, South Korea. There is concern that decisions of some kind will be taken to try to head off currency and trade wars , which are in the interest of no one

Daily GVI Forex Forex View- Seoul G20 Focus

Dar es salaam FJ 09:48 GMT October 20, 2010 Reply   
GBPUSD
Entry: Target: Stop:

Any trading idea on cable

Dubai SAS 09:48 GMT October 20, 2010
Dubai SAS 08:42 GMT October 20, 2010
Long Cable : Reply
Dubai SAS 19:00 GMT October 19, 2010
Long Cable : Reply
Buy GBPUSD
Entry: 1.5699 Target: Open Stop: 1.5650

Long Now ....

Got stopped on this overnight .... long again @ 1.5691

Out of half @ 1.5745 ....

GVI Forex john 09:38 GMT October 20, 2010
DAILY FOREX VIEW
Entry: Target: Stop:

Porto Cubriclas 09:35 GMT October 20, 2010
Thanks FM!
Very kind as always.

Hamb 98ccm 09:33 GMT October 20, 2010
These platforms are working again. Should have waited before posting. Thanks. Best wishes everybody.

Porto Cubriclas 09:32 GMT October 20, 2010
Constancio made a horrible work when he was portuguese central bank president and now he is vice president of ECB...how can that turn possible?

Lahore FM 09:32 GMT October 20, 2010
Cubriclas, i like it lower at 0.86 if not even lower.i see it topping.there was lot of pent up bullishness which is keeping it up so far but see it running out soon!

Porto Cubriclas 09:29 GMT October 20, 2010
Hi FM!
Can you tell us your view about eur/gbp?
Thanks in advance.

Hamburg 98ccm 09:10 GMT October 20, 2010 Reply   
Anybody having issues with PFG MT4 and BestDirect 8 like
"no connection"? I tried two computers.

Gen dk 08:58 GMT October 20, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Syd 08:55 GMT October 20, 2010 Reply   
FRANKFURT (Dow Jones)--It may be impossible to create a global mechanism to cope comprehensively with the failure of a systemically important bank, the vice president of the European Central Bank said Wednesday.
Vitor Ribiero Constancio told a conference on statistics that the complexity of devising a framework that would reconcile the conflicting claims of dozens of national legal systems "may be too ambitious."

Lahore FM 08:48 GMT October 20, 2010
Kal,its not in my readily chartable list so can't say.

good trades!

Saar KaL 08:45 GMT October 20, 2010
FM/
What do you think of this stock?
AZO
Trend wise
Thanks

Dubai SAS 08:42 GMT October 20, 2010
Dubai SAS 19:00 GMT October 19, 2010
Long Cable : Reply
Buy GBPUSD
Entry: 1.5699 Target: Open Stop: 1.5650

Long Now ....

Got stopped on this overnight .... long again @ 1.5691

Lahore FM 08:42 GMT October 20, 2010
Buy EURUSD
Entry: 1.3745 Target: Stop: 1.3710 for 1/2.

10/19/2010 18:18:03 FM Lahore 5

Buy EURUSD
Entry: 1.3745 Target: Stop: 1.3695
long here.

--
closed half 1.3819 now.sl raised for remainder

Saar KaL 08:38 GMT October 20, 2010
EURNOK
IMO a Buy


8.2498 8.0217 22.79 95%
8.2571 8.0152 18.54 96%
8.2644 8.0088 14.94 96%
8.2717 8.0023 11.94 97%
8.2789 7.9959 9.46 98%
8.2862 7.9895 7.43 98%
8.2935 7.9830 5.78 99%

Saar KaL 08:30 GMT October 20, 2010
Keeping My AUDUSD Longs till
1.02 to 1.03

EURUSD Longs till 1.44
Cable Longs till 1.63
USDCHF shorts till .9260
USDCAD shorts till 0.9863
NZDUSD Longs to 0.7830
GBPCHF till 1.4934

EURJPY Longs till 116.4317

Hong Kong 08:21 GMT October 20, 2010 Reply   
AUDUSD
Entry: Target: Stop:

INTRADAY TRADING SIGNAL BY ACETRADER.COM: AUD/USD

AUD/USD : 0.9773

Last Update At 20 Oct 2010 07:42 GMT

Although A$'s intra-day rise fm 0.9663 to 0.9777
suggests decline fm last wk's 28-year high has made
a temp. low at 0.9662 y'day n marginal gain cannot
be ruled out, nr term o/bot condition wud cap price
below 0.9801 (prev. sup) n bring retreat later.

Below 0.9735 may bring weakness twd 0.9691 but
break needed for re-test of 0.9662. Stand aside...

Range Forecast
0.9740 / 0.9780

Resistance/Support
R: 0.9801/0.9843/0.9903
S: 0.9735/0.9691/0.9662

http://www.acetraderfx.com

Bahrain BAH1 07:53 GMT October 20, 2010 Reply   
Sell EURUSD
Entry: 1.3819 Target: 1.3750 Stop: 1.3850

selling euro here again

Bahrain BAH1 07:53 GMT October 20, 2010 Reply   
Sell EURUSD
Entry: 1.3819 Target: 1.3750 Stop: 1.3850

selling euro here again

Saar KaL 07:42 GMT October 20, 2010
The same with USDCHF a sell
till 0.78

USDCAD By Mid Nov
will be deep into less then parity
easily from here into .97

PAR 07:42 GMT October 20, 2010
All FED and BOE want to do with QE2 is helping "Buffett and the Bankers " by buying with taxpayers money and without any democratic control toxic bonds which are sitting on bank balance sheets .

Already the Fed is managing more money than BlackRock.

Everyday you get some Fed directors in a kind of advertising spots for QE2 , claiming there is deflation while normal citizens only see price increases.

Bahrain BAH1 07:36 GMT October 20, 2010 Reply   
Bahrain BAH1 06:37 GMT October 20, 2010
EUR$ : Reply
Sell EURUSD
Entry: 1.3797 Target: 1.3700 Stop: 1.3850
selling euro here ..will add more if moved to 1.3825 with stop at 1.3850 GL


Moved stop to 1.3805 now.....market seems trying to brk the high....will risk 9pips for 100 pips move. GL

BRIS 07:35 GMT October 20, 2010 Reply   
Sell
Entry: Target: Stop:

Have set the following orders:

Sell EURUSD 13825 target 13632 Stop 13860
Sell AUDUSD 98.00 Target 95.40 Stop 98.40

They may not reach my entry , if not I will review and post new entries.

Budapest 07:33 GMT October 20, 2010 Reply   
As a new user it's interesting to me that the spread is ranging all the time. For example EUR/NOK. The spread is officially 40 pips but in practice ranges between (about) 40 and 115. Its natural that the spread is changing but not secondly. According to helpdesk
the spread depends on the volatility, and volume. Its OK but what about the money management, stop loss, and limit levels if i can't know for sure on what level open positions??

Thanx for answering

Syd 07:32 GMT October 20, 2010 Reply   
Bank of England Governor Mervyn King said that some gauges of U.K. inflation are “extremely subdued,” signaling that he may favor stepping up bond purchases.
Officials are “conscious that the continuing high level of inflation poses the risk that inflation expectations may move up,” King said in a speech late yesterday in Dudley, England. Still, the danger that slack in the economy will push price- growth below the bank’s target is “at least as large.”

http://www.bloomberg.com/news/2010-10-19/boe-governor-king-says-some-u-k-inflation-indicators-extremely-subdued-.html

Syd 07:30 GMT October 20, 2010 Reply   
[Dow Jones] In a few short hours the waiting will be over and the October thoughts of the BOE MPC and details of the most severe post-war Government spending cuts will be laid bare.

Saar KaL 07:26 GMT October 20, 2010
USDJPY IMO a sell till May 2011
Target 70 to 65

PAR 07:20 GMT October 20, 2010 Reply   
20 Oct 2010 08:02 BST DJ ECB Stark: Euro Pact Needs Quasi-Automatic Sanctions-Report


ROME (Dow Jones)--The new euro-zone pact being hammered out to monitor fiscal and macroeconomic balances in the currency union "should be based on the application of quasi-automatic sanctions on countries with excessive deficits," Juergen Stark, a member of the European Central Bank's executive council, said in an interview published Wednesday by Il Sole 24 Ore.

The decision to make permanent a European resolution fund to help countries in distress "will turn out to be useless" if "credible" public-finance rules and a workable macroeconomic supervision scheme are set up, Stark told the Italian newspaper.

Stark said the ECB's current monetary policy is "appropriate" but said it "has in recent times become more accommodating."

The ECB will decide whether or not to continue unlimited three-month liquidity tenders at its meeting in December, Stark added.


Newspaper website: www.ilsole24ore.com

PAR 07:15 GMT October 20, 2010 Reply   
Japanese banks keep recommending to sell dollars and to buy the yen. Mizuho

Comment: A small short-squeeze which appears to have been stopped in its tracks by the rapidly declining 9-day moving average, keeping prices well within the steep ‘channel’. We expect more downside probing this week even though the US dollar is still somewhat oversold.
Strategy: Attempt shorts at 81.40/81.60; stop above 82.25. First target 81.15, then 80.00.

Hong Kong 07:01 GMT October 20, 2010 Reply   
EURUSD
Entry: Target: Stop:

INTRA-DAY EUR/USD OUTLOOK

Last Update At 20 Oct 2010 06:22 GMTRate : 1.3900

Although euro has retreated after intra-day
brief but strg rebound fm 1.3697 to 1.3790, as long
as 1.3734 holds, nr term rise fm aforesaid low to
retrace this week's decline may extend marginally
abv 1.3790 but 1.3830 (prev. sup) wud cap upside.


Buy on dips for gain to 1.3785 n if euro rises
to 1.3790 1st, turn short for weakness to 1.3740.


Range Forecast
1.3750 / 1.3800

Resistance/Support
R: 1.3790/1.3830/1.3886
S: 1.3734/1.3697/1.3674

http://www.acetraderfx.com

Saar KaL 06:47 GMT October 20, 2010
Hong Kong Index a Major Buy

24,399.8836 22,858.5610 13.98 95%
24,445.5037 22,811.9511 11.37 96%
24,491.1237 22,765.4077 9.16 96%
24,536.7438 22,718.9304 7.32 97%
24,582.3639 22,672.5190 5.80 98%
24,627.9839 22,626.1733 4.56 98%
24,673.6040 22,579.8930 3.55 99%
=======
Nikki Index a Buy

9,886.5066 9,043.2489 13.24 95%
9,907.9146 9,020.1888 10.77 96%
9,929.3225 8,997.1618 8.68 96%
9,950.7305 8,974.1679 6.94 97%
9,972.1384 8,951.2068 5.50 98%
9,993.5464 8,928.2785 4.32 98%
10,014.9543 8,905.3829 3.36 99%

===
French CAC a Buy
MKT do not care about Riots

3,985.5564 3,641.9670 13.26 95%
3,995.2592 3,631.9129 10.79 96%
4,004.9621 3,621.8762 8.70 96%
4,014.6649 3,611.8568 6.95 97%
4,024.3677 3,601.8548 5.51 98%
4,034.0706 3,591.8699 4.32 98%
4,043.7734 3,581.9021 3.37 99%

Saar KaL 06:43 GMT October 20, 2010
Syd/
You Index is north till January
All Ordinaries

4,805.0842 4,447.8206 14.13 95%
4,814.5193 4,435.5358 11.49 96%
4,823.9544 4,423.2648 9.27 96%
4,833.3895 4,411.0073 7.41 97%
4,842.8245 4,398.7634 5.87 98%
4,852.2596 4,386.5331 4.61 98%
4,861.6947 4,374.3162 3.59 99%

Bahrain BAH1 06:37 GMT October 20, 2010 Reply   
Sell EURUSD
Entry: 1.3797 Target: 1.3700 Stop: 1.3850

selling euro here ..will add more if moved to 1.3825 with stop at 1.3850 GL

Syd 06:35 GMT October 20, 2010 Reply   
Three of Australia's biggest miners are "considering walking away" from a resource profits tax deal negotiated with the government because of a dispute over state royalties, a newspaper said on Wednesday.

http://www.cnbc.com/id/39750671


Iran warns British oil groups in refuelling row
Iran is threatening to retaliate against British oil companies for refusing to sell fuel to its commercial aircraft flying back from London.
http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/80
73916/Iran-warns-British-oil-groups-in-refuelling-row.html

Syd 06:32 GMT October 20, 2010 Reply   
Half a million public sector workers are to lose their jobs as a result of the comprehensive review of government spending, official documents have disclosed.
LINK

Saar KaL 06:28 GMT October 20, 2010
EURUSD North Move till Mid Nov will be very strong

@ that time expected it to trade around 1.4880 to 1.5540
The carry traders are in IMO

jerusalem kb 06:27 GMT October 20, 2010
Sell EURUSD
Entry: 1.3780 Target: 1.3650-1.3550 Stop: 1.3845

sold

Saar KaL 06:16 GMT October 20, 2010
Dax A Buy

6,738.5107 6,277.3706 14.61 95%
6,750.9653 6,264.4670 11.88 96%
6,763.4200 6,251.5816 9.58 96%
6,775.8746 6,238.7142 7.66 97%
6,788.3293 6,225.8649 6.07 98%
6,800.7839 6,213.0335 4.76 98%
6,813.2386 6,200.2201 3.71 99%
=========
NDX a Buy
2,144.1224 2,004.3041 14.87
2,148.0225 1,999.8515 12.09
2,151.9226 1,995.4048 9.75
2,155.8227 1,990.9641 7.79
2,159.7228 1,986.5292 6.17
2,163.6230 1,982.1001 4.85
2,167.5231 1,977.6769 3.77
====
SP 500
1,209.1818 1,128.2833 15.73 95%
1,211.2824 1,125.9394 12.79 96%
1,213.3831 1,123.5983 10.31 96%
1,215.4838 1,121.2602 8.24 97%
1,217.5845 1,118.9250 6.53 98%
1,219.6852 1,116.5927 5.13 98%
1,221.7858 1,114.2633 3.99 99%

Bahrain BAH1 06:14 GMT October 20, 2010 Reply   
Hi every one...
Still think we see strong $$$ and lower carry trades today. GL

Syd 04:56 GMT October 20, 2010 Reply   
LINK

Saar KaL 04:52 GMT October 20, 2010
USDJPY a sell

83.2233 79.3406 18.35 95%
83.3234 79.2336 14.93 96%
83.4236 79.1267 12.03 96%
83.5237 79.0199 9.62 97%
83.6238 78.9132 7.62 98%
83.7240 78.8065 5.98 98%
83.8241 78.6999 4.66 99%
====
GBPUSD a buy


1.6031 1.5623 19.57 95%
1.6047 1.5606 15.92 96%
1.6062 1.5590 12.83 96%
1.6078 1.5573 10.26 97%
1.6093 1.5557 8.12 98%
1.6109 1.5540 6.38 98%
1.6125 1.5523 4.97 99%
====

USDCHF sell

0.9794 0.9495 19.44 95%
0.9805 0.9485 15.81 96%
0.9815 0.9475 12.75 96%
0.9826 0.9464 10.19 97%
0.9836 0.9454 8.07 98%
0.9847 0.9444 6.34 98%
0.9858 0.9434 4.93 99%
====
AUDUSD a Buy


0.9977 0.9587 16.30
0.9991 0.9572 13.25
1.0005 0.9557 10.69
1.0019 0.9543 8.54
1.0033 0.9528 6.77
1.0047 0.9514 5.31
1.0061 0.9499 4.13
===
usdcad a sell

1.0385 1.0082 18.93 95%
1.0398 1.0070 15.40 96%
1.0411 1.0058 12.41 96%
1.0424 1.0046 9.92 97%
1.0438 1.0035 7.86 98%
1.0451 1.0023 6.17 98%
1.0464 1.0011 4.80 99%
======
NZDUSD a Buy

0.7673 0.7316 16.54 95%
0.7684 0.7305 13.45 96%
0.7695 0.7294 10.85 96%
0.7707 0.7282 8.67 97%
0.7718 0.7271 6.87 98%
0.7729 0.7260 5.39 98%
0.7740 0.7249 4.20 99%

Prague JIT 04:20 GMT October 20, 2010
Nomura says rate hike in China in .....four times in 2011 and three times in 2012 as we expect .....(PBOC) will raise rates four times in 2011 and three times in 2012 as we expect China to continue its normalisation of monetary policy....it can attract more capital inflows or "hot money" through unofficial channels. But ......strengthening monitoring system of capital flows
//// ... and hike 15 times in 2033? - have no idea about it. Shorts usd/chf with stop above 9770. gl

Melbourne Qindex 04:07 GMT October 20, 2010 Reply   
Sell EURJPY
Entry: Target: Stop:

EUR/JPY : Critical Point 110.32


The supporting strength of the barrier at 110.18 // 110.32 is going to be challenged.


Qindex.com

Melbourne Qindex 03:59 GMT October 20, 2010 Reply   
Sell GBPJPY
Entry: Target: Stop:

GBP/JPY : Critical Point 126.24


Speculative selling pressure will increase when the market downward trending momentum is strong enough to penetrate through the barrier at 126.24 // 126.85.


Qindex.com

GVI Forex Blog 03:39 GMT October 20, 2010 Reply   
The US Equities fell last night following worries over the expected growth of Apple, IBM and BoA.

Morning Briefing : 20-Oct-2010 -0336 GMT

Syd 03:29 GMT October 20, 2010 Reply   
Nomura says rate hike in China in line with house's expectation; believes this move prompted by 4 recent developments: Rise in equity prices, increased activity in property market, robust economic growth despite structural adjustment policy, relatively high CPI inflation. "Looking ahead, we maintain our view that the (PBOC) will raise rates four times in 2011 and three times in 2012 as we expect China to continue its normalisation of monetary policy." Notes one of risks involved in raising interest rates is it can attract more capital inflows or "hot money" through unofficial channels. But thinks China should be able to deal with this risk by strengthening monitoring system of capital flows

Syd 02:34 GMT October 20, 2010 Reply   
Bank of Thailand tipped to lift benchmark policy rate 25 bps today to 2.0%, but decision will be based on domestic economic fundamentals, not surprise China rate increase, says Standard Chartered Bank (Thai) senior economist Usara Wilaipich. BOT facing pressure from exporters, business sector to pause rate normalization due to sharp THB appreciation, but economic momentum continuing which should be trigger for hike. "For China, it's quite clear that they are concerned about asset prices.

GVI Forex Blog 02:02 GMT October 20, 2010 Reply   

Gold Closes Lower after China Rate Hike

GVI Forex Blog 02:01 GMT October 20, 2010 Reply   

British Pound Sells Off Into Key 50% Level

Syd 01:58 GMT October 20, 2010 Reply   
China’s move to raise interest rates was seen in Washington primarily as a domestic-focused effort effort by the central bank to thwart inflation — which is running above U.S. levels — and head off a property price bubble, rather than as a response to criticism of China’s exchange-rate policy.

http://blogs.wsj.com/chinarealtime/

Hong Kong 01:49 GMT October 20, 2010 Reply   
Market Review - 19/10/2010 22:58 GMT

Dollar rises broadly on surprise China rate hike


The greenback gained sharply against its major counterparts on Tuesday, as Chinese surprise increase in interest rates dampened investors' risk appetites.

Dollar rose strongly from 81.14 against the Japanese yen to 81.56 in Asian mid-day on news that the World Bank raised its forecast for economic growth in East Asia this year due to a recovery in trade and private consumption but lowered its forecast for 2011 as countries would withdraw fiscal and monetary policy stimulus. Later, the greenback surged in European midday after PBOC surprised the market by raising its benchmark 1-year interest by a quarter point, the first increase since 2007 and after-market move was seen to damp the country's economic growth. The greenback eventually climbed to 81.93 in NY morning before retreating.

Despite euro's brief rise to 1.4005 in Asian morning, the single currency retreated strongly as the World Bank lowered its forecast for 2011. Euro then extended its weakness after PBOC's rate hike and tumbled to 1.3713 in NY afternoon. The single currency was also pressured by the selloff in DJI, as DJI tumbled below 11000 on risk aversion and closed the day at 10979, ending the day down by 165 points or 1.48%.

Although the British pound rose briefly to 1.5940 in Asian morning, cable fell sharply on broad-based selling versus usd, eur and yen as traders continued to sell the pound ahead of Wednesday's Comprehensive Spending Review (government spending cuts). Sterling sank further after PBOC's rate hike and tanked to 1.5680 ahead of NY closing.

The commodity currencies tumbled on Tuesday, as aud/usd and nzd/usd tumbled from 0.9961 to 0.9662 and 0.7600 to 0.7432 respectively. The Bank of Canada left interest rates at 1% . Usd/cad rallied from 1.0162 to 1.0374.

Economic data to be released on Wednesday include:

Australia Westpac leading economic index, Japan Leading indicators, Germany PPI, U.K. PSNCR, Public sector net bor., Canada Wholesale sales.

http://www.acetraderfx.com

sofia kaprikorn 01:41 GMT October 20, 2010
sofia kaprikorn 00:05 GMT October 20, 2010
Long EUR/USD 1.3733
Long GBP/USD 1.5697
Short USD/CAD 1.0328
_ _ _
added 1/2 EUR/USD 1.3704
added 1/2 GBP/USD 1.5660
_________________________

unloaded here the bigger part of the averaged positions:
out 3/4 EUR/USD 1.3763
out 3/4 GBP/USD 1.5716

good ride from the asia open dip and my ST objectives are done.
leaving the Short USD/CAD with scope of 1.0285.

Syd 01:05 GMT October 20, 2010 Reply   
China's hike in benchmark lending and deposit rates on Tuesday will have little impact on the macro-economic outlook, but serves as "a timely reminder of the vulnerability of global commodity markets to any news which suggests that China's demand will fall short of the high expectations now reflected in prices," writes economist Julian Jessop in note for research firm Capital Economics. Beijing's wariness of excessive lending "should temper some of the talk about a 'super-cycle' in commodity prices based in large part on exponential growth in China's demand

PBOC Adviser: Price Worries, Negative Real Rates Behind Rate Hike - Xinhua
The People's Bank of China raised its benchmark lending and deposit rates Tuesday because "worries about soaring prices overwhelmed fears on economic growth," PBOC adviser Li Daokui was cited as saying by Xinhua News Agency on Tuesday.

Statistics show the economy is recovering while the prices of goods remain at high levels, the report cited Li as saying.

Negative real interest rates--when the rate of inflation exceeds the nominal rate of return on bank deposits--were another reason for the rate hike, Li was cited as saying

sofia kaprikorn 01:01 GMT October 20, 2010 Reply   
My hourly and 4-H charts show 81.35 as line in sand for Long position.

Went Long USD/JPY 81.40.

Syd 00:48 GMT October 20, 2010 Reply   
Steve Cortes is in full agreement. On the Halftime Report he told the desk that he was largely bearish on the China trade and a seller of resources.He points to a series of factors – the dollar has already declined so sharply it’s due for a retracement, he says. Also expectations that Republicans win the House could put a floor under the greenback.
http://www.cnbc.com/id/39747086

Syd 00:43 GMT October 20, 2010 Reply   
The PBOC said Tuesday it raised the benchmark one-year interest rate on loans and deposits by a quarter of a percentage point, the first adjustment to interest rates since December 2008. The central bank last raised interest rates in December 2007, when inflation was above 6%.

China's consumer price index likely rose 3.6% from a year earlier in September, according to the median forecast of 14 economists polled earlier by Dow Jones Newswires, accelerating from August's 3.5% rise. The CPI has risen by more than 3% in three of the last four months, threatening the central bank's official target of 3% average inflation for the full year.
www.cs.com.cn

sofia kaprikorn 00:37 GMT October 20, 2010
TD - Bravo Druje! saw you made very good trades!

...

Mailman - I got a bit shaken when the drop in eur& gbp happened but bought the dip and was happy to see your post as I held the doubled positions to fruition - tnx again for the heads up!

Belgrade TD 00:32 GMT October 20, 2010
Richland QC Mailman 00:04 GMT October 20, 2010
Hi Mailman, thanks ... we are in opposite time zone (~12hours) so good morning to you and all Asian traders and good night for me :) ... GLGT

Lahore FM 00:23 GMT October 20, 2010
pure techs here Mailman dear.let us see.BOJ acted silly and the absence is the proof.if they show up again that would be sillier but then CBs do that..look at the FED,how they have cornered themselves into the QE carbuncle!

Richland QC Mailman 00:20 GMT October 20, 2010
Hi FM my friend. USD/YEN is really going to test our nerves of patience. BOJ could have capitalized on last night's USD across the board strength. 83.10 is the pivotal key.

Lahore FM 00:17 GMT October 20, 2010
Buy USDJPY
Entry: 81.46 Target: Stop: 81.05 rigid

long added.

Syd 00:16 GMT October 20, 2010 Reply   
Amid increased market expectations for a second round of quantitative easing by the Federal Reserve, board member Elizabeth Duke cautioned that many factors can change before the next Federal Open Market Committee meeting.

Some Fed members have indicated that policy makers may add more stimulus to the U.S. economy at the next FOMC meeting, but Duke warned in a speech Tuesday against reading too closely into Fed member speeches. She said there are still many discussions for board members to have before a final policy decision is made, and the economic environment could change.

Duke has been a voting member of the Fed's policy-making board since August 2008.

sofia kaprikorn 00:12 GMT October 20, 2010
Mailman. Good observation. Tnx for sharing!

Syd 00:09 GMT October 20, 2010 Reply   
Fed's Duke: Would Caution Against Reading Into Fed Member Speeches
Fed's Duke: Small Business Loans Not Constrained By Banking Conditions
Fed's Duke: Banks Say Not Enough Loan Demand From High-Quality Small Business

There is some talk of foreign investment bond redemptions today which might involve significant JPY buying against a basket of currencies

Australian Skilled Vacancies Index -0.5% In October Vs September

Richland QC Mailman 00:07 GMT October 20, 2010
Folks, just want to remind you that during Asian sessions it is common to see false trends/false breaks. Therefore, there could be some buying opportunities for euro, aussie, and the pound.

sofia kaprikorn 00:05 GMT October 20, 2010
sofia kaprikorn 21:53 GMT October 19, 2010
Long EUR/USD 1.3733
Long GBP/USD 1.5697
Short USD/CAD 1.0328
_ _ _
added 1/2 EUR/USD 1.3704
added 1/2 GBP/USD 1.5660

Richland QC Mailman 00:04 GMT October 20, 2010
Hi TD pleasant Asian morning! Our hats off to you for that sterling aussie trade results. Congrats!