Syd 23:59 GMT February 10, 2011
Reply
RESERVE Bank of Australia governor Glenn Stevens says it is reasonable to assume interest rates won't change for "some time" even as the country's robust terms of trade now look even stronger than just a few months ago.
http://www.theaustralian.com.au/business/markets/no-plans-for-interest-rate-hike-reserve-bank-governor-tells-parliament/story-e6frg926-1226004290237
Syd 23:47 GMT February 10, 2011
Reply
The AUD/USD is sliding as RBA Governor Glenn Stevens signals rates will remain on hold for "some time". Traders had expected Stevens to maintain a hawkish view similar to recent policy statements and while his speech met those expectations, a subsequent question and answer session has weighed on the pair. "There is no anticipation of any change in the cash rate for some time," says Stevens.
think he just gave the aud the kiss of death for now
HK RF@ 23:45 GMT February 10, 2011
Reply
Sell USDJPY
Entry: ~83.35 Target: later Stop: 83.65
.
The next stage in the Egyptian Revo. :Obama will transfer his power to his vice president in an orderly manner, before the US will have no more foothold in the M.E. and will rid the world of his presidency.
Syd 23:45 GMT February 10, 2011
Reply
The AUD/USD falls sharply after RBA Governor Glenn Stevens says the Australian central bank is not contemplating a rate rise right now and he doesn't think inflation expectations will rise. The pair is at 1.0003 vs around 1.0037 prior to the speech. "That would certainly be enough to send the Aussie down 30 odd points, which is what has happened this morning," says Ian Fowler, senior corporate dealer with OzForex. Fowler adds, the Aussie was already under pressure due to encouraging U.S. labor market data. "It a combination of people jumping onto the greenback a little bit, gold just retreating just a slight bit and the final piece of the puzzle this morning was Mr. Stevens." Fowler says the pair has solid support at 99.80.
Syd 23:08 GMT February 10, 2011
Reply
Australia's RBA Governor: Interest Rates About Right Where They Are
Australia's RBA Governor: Currency Doing A Fair Bit Of Work For Us
Australia's RBA Governor: Current Rates Appropriate
Australia's RBA Governor: Not Contemplating A Rise Right Now
Syd 22:15 GMT February 10, 2011
Reply
Rising inflation fears in Asia have been at the crux of a recent decline for the AUD/USD, says John Kyriakopoulos, currency strategist with National Australia Bank. Given "the external backdrop for the AUD has worsened a little recently," Kyriakopoulos says RBA Governor Glenn Stevens' testimony at 2330 GMT could give some insight into where inflation in Australia currently sits. The AUD/USD is recently at 1.0038, down from an overnight high of 1.0065. Strategist tips support for the pair at 0.9990/1.0000, with key support at 0.9804.
Lahore FM 22:09 GMT February 10, 2011
Reply
usdjpy day close at 83.20.
can be a case of push push higher hereon.
Cambridge Joe 22:07 GMT February 10, 2011
Revdax ...in Egypt.. you will be happy to see Hip Hop dancing and B**R drinking ?? ;-)
Israel dil 22:06 GMT February 10, 2011
Haaretz: "Mubarak hands over power to Egypt VP, but won't step down"
that's the magic lolly, no matter how long you lick it but still never finishes. that's the state of "mind" behind ME politics. here in Israel too.
Mtl JP 22:00 GMT February 10, 2011
must be about mid-night local time in Egypt
do u see public partying into wee-morning ?
is the weather co-operating ?
Israel dil 21:43 GMT February 10, 2011
exactly, it is huge ???
if he is worth $40bn then he equals 25 years of US aid to his army. looks like China's biggest chance ever to enter this part of the world :-)
Mtl JP 21:37 GMT February 10, 2011
transformed his powers = ?
Israel dil 21:30 GMT February 10, 2011
JP
he just transformed his powers, OFFICIALLY. that's the bottom line. Putin did the same too :-)
Israel dil 21:28 GMT February 10, 2011
JP
his vice (now the acting president) is about to start his speech. some CHF and SGD close to the chest will not harm overnight. imo
Mtl JP 21:20 GMT February 10, 2011
dil - trade ideas on that ?
tia
Syd 21:14 GMT February 10, 2011
Reply
http://www.spiegel.de/international/germany/0,1518,7447
13,00.html#ref=nlint
Israel dil 21:07 GMT February 10, 2011
bottom line: President Mubarak resigned and delivered all powers to the vice president.
Israel dil 21:03 GMT February 10, 2011
REUTERS 3:58PM WITNESSES IN TAHRIR SQUARE WAVE SHOES IN DISMAY AT MUBARAK SPEECH
going long NIKE :-)
Tallinn viies 20:59 GMT February 10, 2011
Reply
nobody thought during oil crises in 70´s that oil may cost 20 or 10 dollars in future but it did.
never say never. greed is there and we know how things may work out later :)
Mtl JP 20:54 GMT February 10, 2011
well gents your guess is equally good as anyone's as crude is a disputable commodity by few.
What I think I know with near-certainty is that crude is not about to cost $20, $10 and especially not $0.0 (as levitation or teletransportation is nowhere near being invented).
Considering that canadian crude currently costs directly approximately 60-65/bbl to extract I will feel comfortable buying price points bellow $80 to accumulate and let it ride. Electrical power is far from becoming mainstream, simple fact that it is primarily govt that is buying this technology testifies to the products current immaturity and thus no threat to crude.
dc CB 20:53 GMT February 10, 2011
Address has started
President Mubarak says he is determined to execute his plans and meet demands for reform; says he will not hear foreign dictations
He will not run for next Presidential elections, will continue to work until power is transitioned in September.
dc CB 20:46 GMT February 10, 2011
CAIRO - Thu Feb 10, 2011 3:00pm EST
CAIRO (Reuters) - Egypt's Information Minister Anas el Fekky told Reuters "the president is definitely not going to step down," shortly before Hosni Mubarak's address to the nation was to be broadcast.
Lahore FM 20:35 GMT February 10, 2011
Buy GBPUSD
Entry: 1.6098 Target: open Stop: 1.6065
long here.
Israel dil 20:34 GMT February 10, 2011
the one with the carrot in his hand already knows WHERE Husni "the Bunny" Mubarak is to pop up...
dc CB 20:34 GMT February 10, 2011
Reply
oops it's 3:30 time to ramp up the buys for a positive close.
$CD usually follower of stox during the US trading hours.
dc CB 20:26 GMT February 10, 2011
Reply
JP. Why Ben will never appear before Ron Paul's commitee. clip from CNBC embeded.
"...I'd like to get the monopoly power away from this cartel that pretends that they know how to run the entire economy."
http://www.zerohedge.com/article/ron-paul-says-next-us-crash-will-be-comparable-soviet-union-claims-qe2-total-failure-and-fed
London SFH 20:22 GMT February 10, 2011
JP - how about narrowing that time frame down...more like may 2011 imo
Israel dil 20:18 GMT February 10, 2011
JP, is it sense of humor or just a conservative call?
* During a House Intelligence Committee hearing Thursday, Director of National Intelligence James Clapper called Egypt's branch of the Muslim Brotherhood movement "largely secular."
with such observations, US citizens must be very worried about their security.
Mtl JP 20:08 GMT February 10, 2011
dil probably before end of 2012
dc CB 20:06 GMT February 10, 2011
Reply
Unlike yesterday's earthshattering and very perplexing 10 Year auction, today's 30 year auction of $16 billion in bonds was a dud. The bond priced at a high yield of 4.75%, 2 bps wide of the when issued, and just 2 basis points of the highest rates seen in the past several years, specifically the 4.77% seen in the April 2010 auction.......................The Bid To Cover was a subpar 2.51 compared to the 12 month average of 2.67. Direct Bidders, who completely disappeared yesterday were here, taking down 8%, Indirects accounted for 43.1% and the Primary Dealing flippers bought 48.9%
http://www.zerohedge.com/article/subpar-30-year-prices-475-2-basis-points-away-multi-year-highs
Next Round of POMO starts tomorrow - see for schedule and sizes:
http://www.newyorkfed.org/markets/tot_operation_schedule.html
Israel dil 20:03 GMT February 10, 2011
Reply
Mtl JP
your $120 p/bbl, when you think you will get it? and, when you want to get it?
GVI Forex Blog 20:01 GMT February 10, 2011
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AUD/USD and NZD/USD outlook next 24 hours: The week's AUD decline should stall at 1.0000. NZD broke below an hourly sloping neckline at 0.7705 and met its 0.7650 target. Any minor rebound today should be limited to 0.7720, the multi-session outlook remaining negative.
Forex - Morning Report (Westpac)
dc CB 19:55 GMT February 10, 2011
Reply
From Stratfor, citing BBC Arabic.
EGYPT: MUBARAK HAS ALREADY LEFT COUNTRY - REPORT
Egyptian President Hosni Mubarak has reportedly already left the country, and his speech scheduled for the night of Feb. 10 has been pre-recorded, BBC Arabic reported. Some reports indicate Mubarak will speak within two hours, while other unconfirmed reports say he left the country as early as yesterday.
http://www.zerohedge.com/article/stratfor-reports-mubarak-has-already-left-country-speech-prerecorded
to dr unken katt 19:22 GMT February 10, 2011
k
Mtl JP 19:09 GMT February 10, 2011
yes katt iitt iiss aa ddoouubbllee bboottttoomm
0.9932 currently protects it
Boston BR 18:26 GMT February 10, 2011
That makes a market --- buyer and seller at the same level
to dr unken katt 18:26 GMT February 10, 2011
ddoesnt it look like double bottom in CAD?
JERUSALEM KB 18:26 GMT February 10, 2011
hit sl
Lahore FM 17:48 GMT February 10, 2011
Sell USDCAD
Entry: 0.9960 Target: Stop: 1.0010
sold with bet that we will make a clean break lower and 4 hour chart formation that's holding it up will fail too.very CADdish thing to do for the pair.
HK Kevin 17:16 GMT February 10, 2011
Reply
Brought USD/CAD at 0.9962 a while ago, stop placed at slightly below today's low, looking for a break of 0.9980 for 1.0040 first.
Toronto EDP 17:08 GMT February 10, 2011
Reply
I have a question in the open forum about broker spread manipulation (over and above the normal spread) and wondered if anyone else has noticed this.
Mumbai CN 16:52 GMT February 10, 2011
AUD/$: would like to trail the s/l for the long at 1.0015 to 1.0038..price action seems constructive..possible confirmation on 4 hrly hammer..think it zooms on close abv the 4 hrly tenkan at 1.0074..
lkwd jj 16:52 GMT February 10, 2011
i like the trade.
GVI Forex Blog 16:48 GMT February 10, 2011
Reply
The greenback is benefitting from risk aversion flows from resurfacing peripheral concerns after key Portuguese yields moved above the 7% area, a level Portugal could tolerate for a short while before making the country unstable. Portuguese officials expressed confidence that the country could continue to finance itself though debt markets.
TradeTheNews.com US Market Update
Richland QC Mailman 16:37 GMT February 10, 2011
Technically speaking, gbp/usd has previously bounced off 1.6030 level sort of a 3x bottom until it was breached earlier to register a low of 1.6006. But it has fiercely rebounded to even take 1.6080 CP which gave us an indication that a strong typhoon was coming packed with maximum winds probably of around 200km/hour near the center.
Richland QC Mailman 16:31 GMT February 10, 2011
Time to buy aussie and euros.
Richland QC Mailman 16:30 GMT February 10, 2011
Oh no. sorry good mate. Stand corrected. 1.6080 rather.
nyc s 16:28 GMT February 10, 2011
Mailman. You keep writing 1.3080. What pair is that?
HK Kevin 16:27 GMT February 10, 2011
HK Kevin 16:05 GMT February 8, 2011
Sold EurDlr here : Reply
I just short EUR at 1.3674. Daily resistance at 1.3684, and we need to watch both resistance of EUR/CHF at 1.3120 and EUR/GBP at 0.8510.
Got stop out at 1.3729 for 55 pips loss yesterday. The worst trade of this year so far.
Richland QC Mailman 16:26 GMT February 10, 2011
Hi S. Right. But market could be bullishly strong at the moment. Key was the break of 1.3080 CP.
GVI Forex Blog 16:26 GMT February 10, 2011
Reply
USD/JPY (a daily chart of which is shown) as of Thursday (2/10/2011) has tentatively broken out above a triangle consolidation pattern
USD/JPY Triangle Break
Cairo Hesham 16:25 GMT February 10, 2011
President Mubarak will give the control of Egypt to the army forces in next few hours
Mumbai CN 16:25 GMT February 10, 2011
'm on that bus too :)..quick rebound from 1.6030 area sets up a possible hammer on dailies..wud like to play a break of 1.6125 (wednesday high )..
Mtl JP 16:25 GMT February 10, 2011
huh.. Sold UD/CHF at 0.9539, s/l at 0.9469, t/p 0.9680
how does that work ?
nyc s 16:23 GMT February 10, 2011
Did you mean 1.6082?
HK Kevin 16:21 GMT February 10, 2011
HK Kevin 08:20 GMT February 8, 2011
USD/CHF: Reply
Just do this. Sold UD/CHF at 0.9539, s/l at 0.9469, t/p 0.9680.
Yes FM, it's brought.
Just took some profit off the table. Cover 1/3 at 0.9574, stop move to breakeven.
Target meet. Closed all position at 0.9682.
Richland QC Mailman 16:19 GMT February 10, 2011
Why not? possibly on pullback.
nyc s 16:16 GMT February 10, 2011
Can I get some of that gbpusd at 1.3082 as well.
Richland QC Mailman 16:14 GMT February 10, 2011
Reply
Buy GBPUSD
Entry: 1.3082 Target: open Stop: 1.3050
HI folks. just back from business meetings. Bought gbp/usd on the break of 1.3080.
Mtl JP 16:11 GMT February 10, 2011
London HB and who-ever shall be taking over does not seem to please Gold
lkwd jj 16:11 GMT February 10, 2011
Reply
rumors of mubarak to step down all over the news.
Israel dil 16:07 GMT February 10, 2011
heavy rain of positive news is about to come out. buy risk safely :-)
Jeddah Abb 16:06 GMT February 10, 2011
Reply
Buy USDCHF
Entry: Target: Stop:
USDCHF i will buy here and around 0.964 for target around 0.975
Rexburg Stubbs 16:01 GMT February 10, 2011
Too late and too early, all at the same time.
Peace
JERUSALEM KB 15:54 GMT February 10, 2011
http://www.facebook.com/profile.php?id=1392876648#!/video/video.php?v=495191185317&oid=197983312170&comments
this is a nice link please check it
London HB 15:49 GMT February 10, 2011
Reply
There are reports that Mubarek will be leaving as early as tonight.
London SFH 15:24 GMT February 10, 2011
wǎn ān
HK REVDAX 15:22 GMT February 10, 2011
I am reading the same chart of euro but somehow I don't see how I could make a case of buying euro. As a matter of fact, I regret having shorted $/CHF too. In terms of time, the earliest time to short $/CHF will be at the close of mkt today ... unless for whatever celestrial reasons the mkt makes a run for the roses....good night from China!
Lahore FM 15:21 GMT February 10, 2011
CN thanx for your kind contribution!
Mumbai CN 15:20 GMT February 10, 2011
AUD/$: need horly close abv 40 to c a run to 74..
Israel dil 15:15 GMT February 10, 2011
we may seen the low of day with EUR/USD and looks like stock about to take serious bull run for the rest of today. with EUR/USD to follow at least towards the highs of yesterday, at least.
or, maybe I am completely wrong :-)
Mumbai CN 15:14 GMT February 10, 2011
Luks a buy here 1.0015..daily kijun and cloud support come at 0.9999 and 1.0015 respectively. Should be buying here and 0.9995..s/l below 0.9960 for a move upwards..
HK REVDAX 15:14 GMT February 10, 2011
Just reshorted with a stop at 1.0045. Risk some profit back.
Lahore FM 15:13 GMT February 10, 2011
Revdax if audusd is a long at all then its a long now on 4 hour charts just above 1.0000.
diabolically speaking a failure to make a bullish move can start a big run on audusd bulls.
HK REVDAX 15:11 GMT February 10, 2011
dr unken katt //yes, i want to reload too. Kindly recommend a stop...tia
JERUSALEM KB 15:08 GMT February 10, 2011
Reply
Buy EURUSD
Entry: 1.35345 Target: 1.36112 Stop: 1.3497
placed a buy pending order
to dr unken katt 15:06 GMT February 10, 2011
kkk
HK REVDAX 15:05 GMT February 10, 2011
Reply
Anyone cares to comment on this one? Took profit a bit too early...need to buy drinks around badly...
Lahore FM 15:01 GMT February 10, 2011
cheers SMS it looks like a good entry.
HK REVDAX 14:53 GMT February 10, 2011
http://v.youku.com/v_show/id_XMTUxNjc1MDY0.html
Listening to this instead of the unintellectual Hip Hops will help fx traders make money...
HK REVDAX 14:36 GMT February 10, 2011
Stubbs//I am sitting in a destitute bar in a small town inside China with my laptop. I do not want to touch euro but I just shorted a very small position of $/CHF with a rather liberal stop. I would take profit at will but the second helping would come by the close of tomorrow Friday...no hip hops...
London SMS 14:21 GMT February 10, 2011
Reply
Buy EURJPY
Entry: Target: Stop:
Long 2 lots @ 112.8 thinking of adding another lot here. Any thoughts? Thanks FM - I read your post this morning.
London SMS 14:20 GMT February 10, 2011
Reply
Buy EURGBP
Entry: 0.8485 Target: 88.50 Stop: 84.40
Added 1 lot to my 2 lot long @ 85.
GVI Forex Jay 14:17 GMT February 10, 2011
EUR/USD may have gotten a modest pop on this:
Thursday, February 10, 2011 9:14:41 AM
(EU) ECB's Trichet: Reiterates continues to see evidence of upward inflationary pressure
TradeTheNews.com
Rexburg Stubbs 13:52 GMT February 10, 2011
Intra-day scalping paradise can be seen shortly in eur.usd for a minor correction up.
Rexburg Stubbs 13:51 GMT February 10, 2011
HK REVDAX 13:41 GMT February 10, 2011
It is quite simple. The weekly (down) "trend" chart tells all a position trader needs to know. Scalpers seated at the local Starbucks in HK to take advantage of free wi-fi with big tropical paradise dreams oriented around day trading scalps is quite another.
Coconuts
GVI Forex Jay 13:47 GMT February 10, 2011
DC, the newswire only.
Cambridge Joe 13:45 GMT February 10, 2011
SMS// would you drop me an email pls.
contact thru members thingy...
TIA.
melbourne DC 13:44 GMT February 10, 2011
Reply
Can i check :
is the TTN offer (75usd /mth) the headline version or the audio one ?
thx.
HK REVDAX 13:41 GMT February 10, 2011
If something looks up/down, it then IS up/down. No need to explain or analyze...imo
Rexburg Stubbs 13:38 GMT February 10, 2011
USD news (artificial or not) to be rosier and rosier while eur conundrum to be continued with more questions and fewer answers.
London SMS 13:36 GMT February 10, 2011
Also stopped out on my EurDlr - 100
tallinn viies 13:33 GMT February 10, 2011
Reply
was stoped out with my early long euro.
long again at 1,3595.
stop at 1,3573
GVI Forex Jay 13:33 GMT February 10, 2011
-- ALERT --
Weekly Jobless Claims
*(US) INITIAL JOBLESS CLAIMS: 383K V 410KE (lowest since July 2008); CONTINUING CLAIMS: 3.888M V 3.9ME
TTN: Special Offer- News on Your Screen
Rexburg Stubbs 13:25 GMT February 10, 2011
Intra-day reactions happening (and traded) all the time.
Rexburg Stubbs 13:24 GMT February 10, 2011
Classic textbook trend with graphical display of visual rhetoric posted in the archives-
Rexburg Stubbs 17:15 GMT January 26, 2011
Rexburg Stubbs 13:21 GMT February 10, 2011
nyc s 13:18 GMT February 10, 2011
Nope. As noted earlier in this thread, eur.USD was in for a small minor intra-day short term reaction up before the continuum of the trend (as seen on weekly charts) lower.
nyc s 13:18 GMT February 10, 2011
Stubbz. Are you no longer long eurusd for the day? We know your longer term view.
Rexburg Stubbs 13:11 GMT February 10, 2011
The sub 1.30 train will be rolling.
GVI Forex Jay 13:10 GMT February 10, 2011
JP, doubt a rate hike at the next meeting but market will speculate.
Rexburg Stubbs 13:09 GMT February 10, 2011
The remarks of Democrat VP Joe (just) Biden (his time) to a group of senior citizens that "We Have to Go Spend Money to Keep From Going Bankrupt" should be telling enough about the socialist agenda in full attack against the American ideal.
Israel dil 13:08 GMT February 10, 2011
Rexburg Stubbs 13:02 GMT
all politicians (and their followers) promise a solution, but none of them promises the solution to work. so looks the western world :-)
Mtl JP 13:06 GMT February 10, 2011
Jay 12:08 that should affect the odds of a rate hike next time
Israel dil 13:05 GMT February 10, 2011
Reply
so many rumors about the Saudi kind circulating currently among dealing rooms in Israel. the funniest I hear was about the Saudi king getting heart attack after/during phone conversation with president Obama. if true, then be sure that anything has to do with USA (including USD) will get dumped away by the Saudi front.
market looks for the right rumor to break away out the 1.35-1.38 range, isn't it?
London HC 13:03 GMT February 10, 2011
You have to wait for the minutes. No change was expected, eurgbp is lower and a reason why gbpusd is holding up.
Rexburg Stubbs 13:02 GMT February 10, 2011
Israel dil 12:57 GMT February 10, 2011
How does that balance the budget dil?
Sounds more like it would only default a Gov't that has already out obligated itself, which, with all of the newly minted entitlement and social programs, was not Republican driven.
London SMS 12:59 GMT February 10, 2011
Reply
Does anyone have any idea as to the MPC vote split or do we have to await the minutes? Trying to fig a reason for Sterling's strength...can't think of a blind thing. We are so deep in the mire I can smell the floods down under. Incidentally - the term downunder comes from the prisoners who had walk down stairs and under a tunnel from Milbank prison to the awaiting ship.
Israel dil 12:57 GMT February 10, 2011
Reply
Do you realize there is a way for House Republicans alone to balance the budget and stop the deficit spending this year? All they have to do is hang together and vote in a bloc against raising the debt limit – a vote sure to come up in March.
Urge Republicans in House not to raise debt limit
looks like very interesting forex trading times ahead :-)
Rexburg Stubbs 12:47 GMT February 10, 2011
Let it rise.
Israel dil 12:42 GMT February 10, 2011
as long 1.3580/90 holds there is enough data (and liquidity) coming out today into the market to make one of the 250 pips daily range. is it +1.38 or -1.35 to happen today?
HK REVDAX 12:40 GMT February 10, 2011
Euro does not look like a buy to me...
GVI Forex Jay 12:26 GMT February 10, 2011
1.3599 = 61.8% of 1.3509-1.3744
1.3615 and 1.3609 stand in front of it.
Israel dil 12:25 GMT February 10, 2011
1.3582 looks like few minutes away, maybe it looks too easy :-)
London Misha 12:25 GMT February 10, 2011
Reply
EURUSD - Three White Soldiers on Daily Chart.
USDJPY - Doji on the Daily Chart.
GBPUSD - Possible Descending Triangle buildup based on 1.6025 on Daily Chart.
USDCHF - Possible Bearish Harami on Daily Chart.
EURGBP - Second White Soldier on Daily Chart. Second Close over the Long MA!
EURJPY - Fourth White Soldier & third close over the Long MA, all on the Daily Chart.
AUDUSD - Black Crow follows a Spinning Top & a Double Top on the Daily Chart.
GVI Forex Jay 12:08 GMT February 10, 2011
Reply
-- ALERT --
*(UK) BOE LEAVES INTEREST RATES UNCHANGED AT 0.50%; AS EXPECTED
*(UK) BOE MAINTAINS THE ASSET PURCHASE TARGET AT £200B; AS EXPECTED
TTN: Special Offer- News on Your Screen
London SMS 11:59 GMT February 10, 2011
Lol - love it Joe! I married Mrs Right too (first name 'Always'). Woke with 3 negative positions - 4 if you count me having to sleep in the spare room!
Cambridge Joe 11:59 GMT February 10, 2011
Percy// many thanks !
Re: the missus.... I'll put a link on the political forum that might shed some light !
Thanks.
Oxford Percy 11:44 GMT February 10, 2011
You have to be right once in a while ol chap. Euro/Usd capped@13683 today.......so you are suffering from a little premature entry today. Thats something you can take up with your wife!!...lol....but 13447 within 57 trading hours..so good r/r......cheerios
Singapore ta 11:33 GMT February 10, 2011
Reply
Does anyone see aud testing parity?
GVI Forex Jay 11:13 GMT February 10, 2011
TECH TALK
Entry: Target: Stop:
11:10 GMT (Global-View.com) February 10 - I posted this over the weekend (see below) and the eur/usd retreat puts the zero sum game scenario in play although it is a long time until Friday’s close. The set-up was a stronger dollar ahead of the auction and then giving back its gains after Thursday’s 30 yr auction. However, the market did not stay focused on the dollar with crosscurrents dominating (note euro crosses).
On Thursday, the eur/usd has so far traded an inside day by 6 pips on the downside and 9 pips on the upside (1.3609-1.3744 Wed range vs. 1.3615-1.3735 Thurs range). Charts show little worth noting between 1.36-1.37 other than the 1.3609-15 two day lows. On the upside, minor intra-day resistance is at 1.3655-60, 1.3680 and 1.3695. This suggests 1.3650 (“50” level) will act as a sentiment indicator for the day unless either side of 1.36-1.37 is breached. 1.3691 = daily pivot point.
Note these posts from GVI Forex :
GVI Forex Jay 10:49 GMT February 5, 2011
Trade Setup: Reply
If this market is in a zero sum game mode then eur/usd will close next week in the vicinity of 1.36. If not, it may signal a change in mood.
GVI Forex Jay 21:26 GMT February 4, 2011
Tech talk: Reply
Are we talking about a trend or zero sum game? This is interesting:
The eur/usd range for the past three weeks has been 1.3247-1.3861 (614 pips): The closes for the past 3 weeks (lower the past 2 weeks despite new highs being made) have been in a 27 pip range:
1.3615 Jan 21
1.3606 Jan 28
1.3588 Feb 4
Cambridge Joe 11:03 GMT February 10, 2011
Mick// I just sold it from 3638.... tight stop...
I'm starting to to think my wife IS right.......
I CAN BE WRONG ALL THE TIME.....
London Mick 10:52 GMT February 10, 2011
It seems mainly buyers on the dip here in the eurusd.
Gen dk 10:15 GMT February 10, 2011
Reply
Trading Signals Updated:
CLICK HERE for more Gen dk information
Cambridge Joe 09:54 GMT February 10, 2011
Not jumping in just yet.... i've got four of six 'proofs' to long eurusd on the 1 min chart.....
I've also had too many fried pips to make me want to say.... that's it, I'm diving in 'cause it looks good...
maybe soon.... I'll wait thanks...
Ind! Rafe... 09:40 GMT February 10, 2011
Reply
We are gonna see the same pattern for euro as we did in Oct/Nov 2010. UP/DOWN then everyone caught off guard in the UP move... then a continuation of the downtrend to 12776.
Richland QC Mailman 09:39 GMT February 10, 2011
Ok folks. euro longs too at 1.3627.
Dubai SAS 09:37 GMT February 10, 2011
Reply
Buy EURGBP
Entry: 8490 Target: Open Stop: 8440
Long now !
Dubai SAS 09:34 GMT February 10, 2011
Reply
Buy EURUSD
Entry: 1.3621 Target: Open Stop: 1.3590
Bot with a tight stop !
Rexburg Stubbs 09:29 GMT February 10, 2011
Stop at 1.3543
Rexburg Stubbs 09:26 GMT February 10, 2011
Second half added @ 1.36.17
Rexburg Stubbs 09:23 GMT February 10, 2011
Long the thing @ 1.3622 for a rebound. Then....
London SMS 09:16 GMT February 10, 2011
Reply
Buy EURJPY
Entry: 112.8 Target: 114 Stop:
Bght here
Hong Kong 09:09 GMT February 10, 2011
Reply
GBPUSD
Entry: Target: Stop:
INTRA-DAY GBP/USD: 1.6055
Last Update At 10 Feb 2011 08:22 GMT
Cable's intra-day strg retreat suggests the
recovery fm 1.6027 has possibly ended at 1.6125
y'day in NY n consolidation with downside bias wud
be seen for weakness twds said sup, below wud con-
firm decline fm 1.6279 has resumed, 1.6004.
Sell on recovery with stop as indicated n only
abv 1.6125 wud signal a low is made, 1.6163.
Range Forecast
1.6050 / 1.6085
Resistance/Support
R: 1.6125/1.6163/1.6186
S: 1.6050/1.6027/1.6004
http://www.acetraderfx.com
Lahore FM 09:05 GMT February 10, 2011
Buy EURUSD
Entry: 1.3642 Target: Stop: 1.3605
long again.earlier long yielded 46+ on partial close.
Israel dil 09:04 GMT February 10, 2011
Reply
$1315 may happen as first step down. this or next week already.
London SMS 09:01 GMT February 10, 2011
Cut short oil @ 86.5 + $0.5
Cut Long gold 1360 - entry
Long €$ @ 1.37
Long €gbp @ 0.85
Rexburg Stubbs 08:53 GMT February 10, 2011
Reply
Well it is here and 1.3637 poses a nice technical pattern for a very short term intra-day rebound but the pair will still falter in the bigger picture.
GVI Forex john 08:52 GMT February 10, 2011
WHAT'S THE BUZZ?
Entry: Target: Stop:
THU:
BOE Decision. North America: US- Weekly Jobless Wholesale Inventories, Natural Gas, 30-yr
Auction
-
Trading
mostly driven by technicals and flows (price action).
-
Watch the
30-yr auction later today. Weekly jobless early.
-
Bernanke
testimony had surprisingly little impact on the markets. .
-
Traders
keeping a close eye on bonds. 10-yr auction surprisingly strong.
-
Lower U.S.
bond yields 10-yr closed at 3.66%,weighing on USD.
-
Rising U.S.
interest rates had been a key source of USD support..
-
Egypt out of
the headlines, but not dead. Could flare up again at any time.
GVI Forex john 08:50 GMT February 10, 2011
Swiss no inflationary pressures...
GVI Forex john 08:48 GMT February 10, 2011
Earlier Australia headline strong underlying data soft..
Tallinn viies 08:21 GMT February 10, 2011
Reply
bought euros ag usd at 1,3655.
stop at 1,3600. target 1,3830
Cairo Hesham 08:08 GMT February 10, 2011
Sorry I mean if president Mubarak goes away
Cairo Hesham 08:05 GMT February 10, 2011
There is no reason for more protests in Tahrir square. Even if president Mubarak signs , they will continue to protest again and again. and the loser in that situation is Egypt
Cairo Hesham 08:00 GMT February 10, 2011
I agree with Samah Anwar's opinion. A lot of citizens want this happens now
Syd 07:44 GMT February 10, 2011
Reply
Aussie is weighed down by mixed employment data today. The headline job growth beat expectation by increasing 24k in January while unemployment rate held steady at 5%, not bad. However, looking into the details, full-time employment dropped by -8k to 8.022m while part-time employment rose by 32k to 3.419m. The data add to speculation that RBA will be cautious in having another rate hike. It's believed that RBA would not raise rate again in Q1. The odds for two hikes this year, as implied by swaps, also dropped slightly after the data. actionfx
Syd 07:40 GMT February 10, 2011
Reply
The euro may have had a good currency war last time around, but don’t count on it this time.
In the past, as central banks have accumulated dollar reserves from their intervention to keep their currencies down, they have often diversified these holdings into the euro. In fact, diversification has often been a big force in determining the direction of major currencies.
If anything, the People’s Bank of China could prove even more aggressive with monetary tightening in the future. However, there is little sign that the bank will allow the hot money flows that higher interest rates will attract to push its currency much higher.
http://blogs.wsj.com/source/2011/02/09/the-euro-could-lose-the-next-currency-war/
HK RF@ 06:37 GMT February 10, 2011
Reply
http://www1.albawaba.com/latest-news/samah-anwar-recommends-nuking-egyptian-protesters
Samah Anwar recommends "nuking" the Egyptian protesters
Egyptian actress Samah Anwar is outraged by protesters in Cairo’s Tahrir Square to the point that she has called on officials to “burn them to the ground because they are destroying Egypt.”
Mass popular protests against Egyptian President Hosni Mubarak since 25 January may usher in a new leadership in Cairo.
“If the situation required authorities to use fighter planes and nuclear bombs against them, then no time should be wasted in order to save Egypt” said Samah.
The comments made by Samah provoked harsh attacks against her on the social networking internet website Facebook. People posted comments describing her calls to burn the citizens of her own country as simply brutal and inhumane, and should make people rethink the roles stars play in their lives .
One Facebook commenter said that he used to watch Samah’s numerous television dramas and plays, but after her inappropriate remarks he has lost all respect.
Many others posted negative criticism about Samah, accusing her of disrespecting the rights of citizens to speak freely.
Richland QC Mailman 06:29 GMT February 10, 2011
closed euro longs after it stalled on the CP area. Bought new longs 1.3695.
Richland QC Mailman 05:42 GMT February 10, 2011
Closed aussie short for minor pips after seeing some positive divergence on 5 and 15" charts, now at S1 and movement downwards has stalled. Looking to re-short later.
HK RF@ 05:36 GMT February 10, 2011
.
Chances are good as well to see Euro soon at 1.3755.
On risk of rising trend on daily. And some support at the present level.
Richland QC Mailman 05:09 GMT February 10, 2011
We took a short @ 1.3708.
Rationale: 62% fibo resistance at 1.3730/40 area, overbought studies on slow stochs, possible H&S formation with 1.3740 as its right shoulder.
Hong Kong Qindex 04:00 GMT February 10, 2011
USDCHF
Entry: Target: Stop:
USD/CHF : The bias is still on the upside when the market is above 0.9560. In the mean time it is going to consolidate within 0.9548 - 0.9567 - 0.9570 - 0.9596 - 0.9669.
Qindex.com
Hong Kong 02:49 GMT February 10, 2011
Reply
INTRA-DAY USD/JPY:
Last Update At 10 Feb 2011 02:36 GMT
Range Forecast
82.35 / 82.55
Resistance/Support
R: 82.68 / 82.93 / 83.22
S: 82.20 / 82.07 / 81.77
-------------------------
INTRA-DAY EUR/USD:
Last Update At 10 Feb 2011 02:37 GMT
Range Forecast
1.3700 / 1.3730
Resistance/Support
R: 1.3745/1.3767/1.3792
S: 1.3689/1.3663/1.3610
--------------------------
INTRA-DAY USD/CHF:
Last Update At 10 Feb 2011 02:42 GMT
Range Forecast
0.9575 / 0.9605
Resistance/Support
R: 0.9629/0.9655/0.9661
S: 0.9554/0.9523/0.9495
---------------------------
INTRA-DAY GBP/USD:
Last Update At 09 Feb 2011 23:37 GMT
Range Forecast
1.6080 / 1.6110
Resistance/Support
R: 1.6125/1.6163/1.6186
S: 1.6077/1.6050/1.6027
http://www.acetraderfx.com
Syd 02:31 GMT February 10, 2011
Reply
Lift property tax to boost revenue, say OECD economists
PROPERTY taxes are the best way for governments to raise the extra revenue needed to reduce their debts without hurting growth, a group of economists who work at the Organisation for Economic Co-operation and Development said in a paper published overnight in London.
http://www.theaustralian.com.au/business/markets/lift-property-tax-to-boost-revenue-say-oecd-economists/story-e6frg926-1226003598312
Richland QC Mailman 02:16 GMT February 10, 2011
Sell AUDUSD
Entry: 1.0080 Target: 1.0000/.9950 Stop: 1.0145
Ok folks. We got the signals. We are in.
Syd 01:57 GMT February 10, 2011
Reply
Stock Market Shrouded in Liquidity Uncertainty
Investors should remain cautious regarding China's stock market as Beijing may change policy at any time over liquidity and inflation concerns. 18.75 trillion yuan increase in bank loans over the 26 months is nearly four times the amount of the loans granted during Zhu's time as premier.
Also, during these 26 months, gross domestic product (GDP) grew by about 152%, while the increase in credit was 358%, which has caused commodity prices to soar rapidly.
www.wantchinatimes.com/news-subclass-cnt.aspx?cid=1202&MainCatID=12&id=20110204000052
Syd 01:21 GMT February 10, 2011
Reply
The AUD/USD is weakening slightly following the release of the January Australian employment data due to weak full time employment numbers, says ANZ senior dealer Alex Sinton. The Australian Bureau of Statistics says the number of people in full-time work fell 8,000 to 8.02 million in January; Sinton says "we were disappointed by that and basically you have everybody trying to sell the Aussie."
Analysts said the timing of the hike, immediately after the Lunar New Year holiday, would send a strong signal to the market that the central bank was paying close attention to the problem of inflation.
"It is also very likely the January CPI will jump to a fresh high, making it necessary for the central bank to resort to such tools as interest rates hikes to curb inflation," Wang said.
Chu Hau-min, professor of money and banking at Taiwan's Chengchi University, said the rate hike foretold bad news ahead, suggesting that the January CPI figure may be embarrassing for Beijing.
Chu said Taiwan's central bank would very likely follow the PBOC's move.
http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20110209000040&cid=1203
Property Prices to Drop 30% in Major Cities: Report
Properties in China's largest cities are expected to see their value drop due to the government's cooling policies. Picture: The number of customers viewing property exhibits is much smaller than before.
China's stringent measures to curb soaring real estate prices are likely to affect the market and drive down housing prices by 30% in major cities in 2011, the Shanghai-based First Financial Daily has predicted.
http://www.wantchinatimes.com/news-subclass-cnt.aspx?cid=1202&MainCatID=12&id=20110208000107
Richland QC Mailman 01:18 GMT February 10, 2011
Hi kb. Aussie's new low at 1.0076 at least for now and the apparent rejection at resistance 1.0140, break of 4-hr trendline, macd continuing to head lower (bearish mode) would reinforce a SELL position.
We shall be getting on board after price would rally to 1.0100-0110.
Great trades to you as always.
Hong Kong 00:45 GMT February 10, 2011
Reply
Market Review - 09/02/2011 20:10 GMT
Euro rises as Fed's Bernanke expects U.S. unemployment rate remains high
Euro rose on Wednesday after Federal Reserve Chairman Ben Bernanke reiterated U.S. unemployment would remain high together with the fall in U.S. Treasury yields.
Although euro retreated after recovering fm Asian low of 1.3613 to 1.3663 n price fell to an intra-day low of 1.3610 in reaction to the news that Bundesbank chief Axel Weber is not a candidate to succeed European Central Bank President Jean-Claude Trichet, the single currency later rebounded strongly in NY morning after Federal Reserve Chairman Ben Bernanke started speaking n euro eventually climbed to as high as 1.3745 in late NY session on dlr's broad-based weakness.
Federal Reserve Chairman Ben Bernanke testified at the House Budget Committee and said U.S. unemployment rate remains too high for policymakers' comfort despite signs of strength in the economic recovery. Bernanke repeated overall inflation 'quite low' n added longer-term inflation expectations have remained stable.
The British pound ratcheted high fm Asian low of 1.6050 to 1.6101 in European morning n although cable retreated to 1.6032 after the release of the biggest deficit on record, price then rebounded strongly to 1.6125 in tandem with the euro in NY morning b4 trading sideways. U.K. global goods trade balance came in at -9.247 bln pounds in December, the biggest deficit on record, against the economists' forecast of -8.60 bln pounds n revised reading of -8.46 bln pound in November. U.K. global non-EU goods trade balance was at -5.82 bln pounds in December, also the biggest deficit on record.
Versus the Japanese yen, the dollar went through another day of choppy trading on Wednesday, price initially ratcheted higher fm Asian low of 82.25 to 82.68 in European morning but selling interest there knocked the usd/jpy pair down n although the greenback rebounded in NY mid-day, the pair then fell to a low of 82.20 in late NY session on dlr's broad-based weakness as U.S. bond yields fell after a solid $24 billion auction of 10-year Treasury notes. Ten-year Treasury note yields were down fm around 3.7% to 3.64%.
Data to be released on Thursday:
Japan domestic CGPI, machine order, Australia unemployment n employment change, Swiss CPI, U.K. industrial production, manufacturing production, BoE rate decision, Canada new housing price, U.S. jobless claims, wholesales inventories, Fed budget.
http://www.acetraderfx.com
London SMS 00:40 GMT February 10, 2011
Pulled buy order on gold. Last 1/3rd tp 1365. Looking crowded up here. I'm sure we have a $20 move brewing soon but not so sure anymore as to which direction.
Syd 00:34 GMT February 10, 2011
Reply
Australia Jan Employment +24000; Consensus +15,000
Australia Full-Time Employment +900
Australia Part-Time Employment +32000
Australia Full-Time Employment -8000
jerusalem kb 00:33 GMT February 10, 2011
cancled
JERUSALEM KB 00:26 GMT February 10, 2011
Reply
Sell AUDUSD
Entry: 1.0080 Target: Stop: 1.0130
sell stop
GVI Forex Jay 00:19 GMT February 10, 2011
Reply
Wednesday, February 09, 2011 7:15:47 PM
(AU) Preview: Australia JAN Employment data expected at 19:30ET
- Unemployment Rate: 5.0% expected v 5.0% prior
- Employment Change: 17.5K expected v 2.3K prior
- Full Time Employment Change: no estimate v 1.7K prior
- Part Time Employment Change: no estimate v 0.6K prior
*** Note: As always, the full-time and part-time components will be monitored. Last month we saw a near even split in full-time and part-time components
***As reported on Feb 6th, the correlated ANZ job advertisements rose +2.4% m/m in Jan, 9th consecutive month of increase.
TradeTheNews.com
GVI Forex Blog 00:04 GMT February 10, 2011
Reply
After Dallas Fed President’s Braveheart moment on inflation, debt and monetary policy Tuesday, I was ready for some High Noon moment between neocon-omist Congressman Ryan and Fed Chairman Bernanke today in the House Budget Committee hearing on the US economy and monetary policy.
Bernanke Dodges Bond Vigilantes (FXA)
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