Gen dk 23:54 GMT February 15, 2011
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Trading Signals Updated:
CLICK HERE for more Gen dk information
GVI Forex john 23:09 GMT February 15, 2011
UPDATED. Global-View Trading Events Calendar. Scheduled market-moving items. Be sure to refresh forum after news to update Countdown Clock.
Syd 23:00 GMT February 15, 2011
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The AUD/USD is under pressure early in New Zealand on heightened risk aversion "and the Aussie dollar is getting hit particularly hard because of over-positioning," says Westpac currency strategist Imre Speizer. "The world has been long Aussie dollars and that is coming home to roost." The pair is currently trading around 0.9950, vs 1.0044 late Tuesday. "Broadly, risk aversion has made a minor turn and that has dampened appetite for the Aussie," Speizer says
NZ and Australian central bank statements have...said they don't see interest rates going up until the fourth quarter the curve has been incredibly flat. Sydney Morning Herald report that Moody's is considering a downgrade of the Australian arm of insurer Genworth was putting further pressure on the AUD
Lahore FM 22:54 GMT February 15, 2011
1030 gmt tomm is BOE quarterly inflation report.if there is to be a pullback for gbpjpy you will get from that.
current trend all timeframes up but room for a dip only.
NY JD 22:52 GMT February 15, 2011
So is not for sure is go back again 129.00 ?
What is the better move to the market will be more stable ?
London ZEUS 22:49 GMT February 15, 2011
Since this is tech talk, I'd like to point out the overall trend for eur is down.
GVI Forex john 22:48 GMT February 15, 2011
- Note EURUSD change on day is zero
- Pivot point for Wednesday works out fittingly 1.3499.
- Moving averages are all over the place.
Lahore FM 22:47 GMT February 15, 2011
JD today's nikkie carried some story about a "sell Japan" interest from some treasuries flows.it was mentioned on GVI pro...that's the other side of this forum.
in short there are flows behind weak jpy at this time.
JERUSALEM KB 22:46 GMT February 15, 2011
Reply
Sell EURCHF
Entry: 1.3090 Target: 1.2965-1.2825 Stop: 1.3150
placed a sell limit
Syd 22:43 GMT February 15, 2011
Reply
http://www.abc.net.au/news/stories/2011/02/16/3139849.htm?section=justin
$60b shortfall in revised mining tax
http://www.abc.net.au/news/stories/2011/02/16/31
39919.htm?section=business
Deaths stoke Bahrain tension
Offering apology, king says incidents will be investigated, but opposition group suspends parliamentary participation.
http://english.aljazeera.net/news/middleeast
/2011/02/2011215194859291708.html
NY JD 22:42 GMT February 15, 2011
Thanks FM.
I have a last question but will make the correction in 129.00 again or seriously the economy is go back to Europe or that is not happen right now ?
But I don't get why the JPY is to low I mean is a strong currency why is not go back to 126.00 again ???
dc CB 22:22 GMT February 15, 2011
Reply
NEW YORK (MarketWatch) — Es war eine Woche die die Wall Street so schnell nicht vergessen.
From potential exchange mergers to the Treasury Department’s long-awaited report on Fannie Mae and Freddie Mac, don’t be surprised if the past seven days are remembered as a pivotal point in the history of Wall Street, a watershed moment when the last ebbs of the financial crisis receded behind a new wave of speculation and exuberance.
http://www.marketwatch.com/story/a-week-wall-street-wont-forget-2011-02-15?link=kiosk
Syd 22:18 GMT February 15, 2011
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Feb. 15 (Bloomberg) — Viktor Shvets, head of regional strategy at Samsung Securities Co., talks about the outlook for China’s economy after inflation exceeded the government’s target for a fourth month. He speaks with Francine Lacqua on Bloomberg Television’s “On The Move
www.youtube.com/watch?v=M1VwVoWqcEw
Israel dil 22:08 GMT February 15, 2011
http://www.youtube.com/watch?v=HDUGbNs7o6Q&NR=1
GVI Forex john 21:45 GMT February 15, 2011
USD PIVOT POINTS
Entry: Target: Stop:
Pivots EURUSD USDJPY USDCHF GBPUSD USDCAD AUDUSD
Res 3 1.3627 84.82 0.9790 1.6353 0.9959 1.0129
Res 2 1.3590 84.36 0.9759 1.6262 0.9929 1.0093
Res 1 1.3536 84.11 0.9714 1.6192 0.9910 1.0018
Pivot 1.3499 83.65 0.9683 1.6101 0.9880 0.9982
Sup 1 1.3445 83.40 0.9638 1.6031 0.9861 0.9907
Sup 2 1.3408 82.94 0.9607 1.5940 0.9831 0.9871
Sup 3 1.3354 82.69 0.9562 1.5870 0.9812 0.9796
GVI Forex john 21:41 GMT February 15, 2011
USD MOVING AVERAGES
Entry: Target: Stop:
Latest EURUSD USDJPY USDCHF GBPUSD USDCAD AUDUSD
Last 1.3483 83.85 0.9668 1.6123 0.9891 0.9943
High 1.3552 83.91 0.9729 1.6170 0.9899 1.0057
Low 1.3461 83.20 0.9653 1.6009 0.9850 0.9946
Change 0.0000 0.54 -0.0032 0.0094 0.0006 -0.0079
MVA EURUSD USDJPY USDCHF GBPUSD USDCAD AUDUSD
5 day 1.3566 83.25 0.9674 1.6070 0.9909 1.0027
10 day 1.3608 82.63 0.9595 1.6096 0.9906 1.0080
20 day 1.3626 82.47 0.9538 1.6026 0.9933 1.0020
50 day 1.3370 82.75 0.9575 1.5769 0.9978 1.0002
100 day 1.3536 82.56 0.9681 1.5824 1.0062 0.9923
200 day 1.3114 85.11 1.0183 1.5512 1.0233 0.9389
TREND EURUSD USDJPY USDCHF GBPUSD USDCAD AUDUSD
BIAS Down Up Up Up Down Up
Lahore FM 21:34 GMT February 15, 2011
Buy OTHER
Entry: 7.1700 Target: 7.5500 Stop: 7.1700 for last 1/3rd
02/03/2011 20:24:01 FM Lahore 87
Buy OTHER
Entry: 7.1700 Target: 7.5500 Stop: 7.1400 for 1/2
02/02/2011 19:51:19 FM Lahore 7
Buy OTHER
Entry: 7.1700 Target: 7.5500 Stop: 7.0100
usdzar looks good on daychart for a long trade.
--
half closed now at 7.2606 for 906+ pips.stops raised to 7.1400 for rest 1/2.
--
closed 2nd 1/3rd portion at 7.3280 now.sl to entry on last 1/3rd.target still 7.5500.
Syd 21:20 GMT February 15, 2011
Reply
Larger-than-expected gain in U.S. import prices fanned inflation flames again, prompting fed-funds futures traders to keep intact strong market odds for FOMC to begin tightening late this year. Jan 2012 contract, measuring expectations for Dec. 13 FOMC meeting, priced in 92% chance for committee to raise rate to 0.5%. That's unchanged from Mon, but up from only 26% chance at settlement on Jan. 31. Shorter-dated Nov '11 contract priced in 44% chance for 0.5% rate after Nov. 1-2 FOMC meeting, unchanged from Mon. Same contract on Jan. 31 priced in no chance at all for Nov. tightening.dj
GVI Forex john 21:20 GMT February 15, 2011
Global-View Chart Gallery updated. A wide selection of updated forex, interest rate and equity charts.
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Lahore FM 21:10 GMT February 15, 2011
JD i guess gbpjpy can be scalped just for a few pips by selling.its strong uptrend.
UK Sir Lancelot 21:09 GMT February 15, 2011
This is a culture shock..... Direct from the deserts of Nevada where homes have wheels, to London.....i would be checking this guys visa....
NY JD 21:07 GMT February 15, 2011
Sell GBPJPY
Entry: Target: Stop:
Hi.
Is the correct way to release the unrealized money and loose that money ofcourse I have in the trade and put in Short GBP/JPY and recover the lost and maybe earn something ??
Thanks you
Syd 21:04 GMT February 15, 2011
Reply
The AUD/USD, facing a steady stream of selling late in the New York session, is setting up for a test of key support as Asia rolls on, say traders. As strong U.S. data propel the USD higher in recent trading, the AUD/USD has been among the worst performers, falling to 0.9945 from 1.0012 late Tuesday. Traders note a further decline is likely in a push to test the pair's 100-day moving average of 0.9923.
Syd 20:52 GMT February 15, 2011
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Arab crisis: Now it's Bahrain's turn as protesters pour on to the streets demanding political reform and greater freedoms
Two dead as Egypt-style rebellion escalates
King's rare TV address promises loosening of state controls
Security forces hold back but key highways are blocked
LINK
GVI Forex john 20:51 GMT February 15, 2011
UPDATED. Global-View Free FX Database. High-Low-Close data for over a dozen currency pairs for well over a decade of data in Excel spreadsheet format.
dc CB 20:44 GMT February 15, 2011
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Feb. 15, 2011, 12:01 a.m. EST
Paul B. Farrell, MarketWatch
ARROYO GRANDE, Calif. (MarketWatch) — Fed boss Ben Bernanke is the most dangerous human on earth, far more dangerous than Hosni Mubarak, Egypt’s 30-year dictator, ever was. Bernanke rules a monetary dictatorship that will trigger the coming third meltdown of the 21st century.
http://www.marketwatch.com/story/fed-dictator-bernanke-needs-to-be-toppled-2011-02-15
dc CB 20:25 GMT February 15, 2011
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* JPMORGAN RACKS UP THREE PERFECT TRADING QUARTERS IN 2010
* JPMORGAN TRADERS HAD PERFECT SECOND HALF, BANK SAYS
* JPMORGAN TRADERS LOST MONEY 8 DAYS IN 2010, DOWN FROM 42 IN '09
For those wondering why nobody wants to trade ever again on what are now purely legalized fraud markets (and thank god Ze Germans are dumb enough to buy them at any price), here is the reason.
Of 260 trading days in 2010, the firm lost money on 8, or 3.1%. In yet other words, the firm made money 96.9% of the time. We'll repeat that: JPM made money 96.9% of the time.
http://www.zerohedge.com/article/jp-morgan-says-it-had-perfect-trading-second-half-2010-lost-money-just-8-days-2010
GVI Forex john 19:33 GMT February 15, 2011
AUD/USD and NZD/USD outlook next 24 hours:
AUD should be capped by 1.0050 today and is at risk of breaking below an hourly head-and-shoulders neckline at 0.9985.
NZD has broken a trendline (from May 2010), which if sustained today, points to 0.7400.
-- Westpac NZ Daily
London ZEUS 19:04 GMT February 15, 2011
The US consumes approx 23% of global energy and has approx the same % of global GDP.
London ZEUS 18:56 GMT February 15, 2011
Ind! Rafe... 18:31 GMT February 15, 2011
80% is nowhere close to a "ballpark" statistic. Obviously you have an agenda for such a slant.
Yes tangible items. When I mentioned China it is because the Chinese people are the lowest bidders for manufacturing and counterfeiting. Great innovation and invention is spawned elsewhere then contracted with the lowest bidder.
Food = no problem in the US, exporting far more than it consumes. Do you know the origin of the vast majority free food and toiletries that are freely given in charity to war and storm ravaged people of the world?
The world gripes about the US and Ben Bernanke with his printing press, but they also still recognize the extreme need of a strong USD whenever possible. There is no alternative the the world's reserve currency. If there was, it would already be so.
London SMS 18:54 GMT February 15, 2011
Thank you st. As generous and considerate as ever. Much appreciated.
houston st 18:32 GMT February 15, 2011
here's the levels I'm watching...a breach of that $83.90 w/ authority puts $82.78 on the radar...in addition, keep your good eye on $84.21...a close below it tonight @ 11PM ET puts us into a probable chase for lower prices on Wednesday, fwiw...gl/gt.
Ind! Rafe... 18:31 GMT February 15, 2011
London ZEUS 18:24 GMT February 15, 2011
Zeus// Remember I said tangible items and this includes even foodstuffs because remember we need to mass produce them and pack them which takes electricity which is powered by oil.
By lowest cost location you may be saying lowest cost location within china?
The 80% is just a ballpark figure it could be more than that. i cannot remember what a widget is so i cannot see the relationship between the price of widgets and the suffering of exporters.
JERUSALEM KB 18:28 GMT February 15, 2011
Reply
Sell AUDUSD
Entry: 0.9970 Target: 0.9845 Stop: 1.0020
Placed a sell stop
Vienna GD 18:26 GMT February 15, 2011
and i even won't rule out that it was just a rumor to establish some fear and confusion.
HUI so far looks good.
Hammy of again. You where to find my comments.
London SFH 18:24 GMT February 15, 2011
Good call on oil st-I have gone long at 83.90 agaainst a short on gold at 1372 fwiw gl/gt
London ZEUS 18:24 GMT February 15, 2011
Ind! Rafe... 18:11 GMT February 15, 2011
Interesting. But keep in mind that there are no exporters to the US that are parent companies of iPads. It is already an American product that is manufactured to spec at the lowest cost location. If the Chinese weren't as poor as others then they would not be in that position. Otherwise, I dare say that the US certainly does not consume 80% of the global resources. That is incorrect. Otherwise, the products that are sensitive to input costs are usually cheap widgets that only have demand because they are cheap. Otherwise those exporters would suffer.
Vienna GD 18:24 GMT February 15, 2011
might have to do with silver 31 above which big funds might come in buying silver contracts in big quatities ... hunting Comex, Blythe JPM etc ... a bigtime silver story, running already since weeks now - for Feb 8 the start of the next rally was announced and so far we are well on track ... here some comments (the 2 on the top) on the margin hike: LINK
Long story short ... seems the margin hike has to do will gold and silver - but of course they will also hikes other markets not to leave a trace ...
Imho the way softs and copper act since today ... there might be some truth.
but like zeus said - not much will happen, also today after the rumor surfaced not much happened. Silver moved lower 30 cents, that was it.
Imho all one should care is not to be overexposed today.
And pretty likely, if we get a hike, it is just another reason to buy that FD and some more.
Ind! Rafe... 18:11 GMT February 15, 2011
London ZEUS 17:58 GMT February 15, 2011
The exporter would not be selling goods that are not in demand in his target market, hence he need not worry as Americans will be buying Ipads (costing a few bucks to make) at marginally higher inflated cost prices and deserting them at garage sales for $30 dollars 5 years down the line.
The population of the USA is about 380 million or approx 20% of the worlds population but they consume 80% of the world's resources.
hk engineer 18:08 GMT February 15, 2011
inflation won't affect the profit margin of iPhone because production cost is only USD50.
London ZEUS 18:03 GMT February 15, 2011
Ind! Rafe... 17:50 GMT February 15, 2011
Otherwise some items like iPhones and iPads can have marginally increased production cost, but as we learned during a recession, some premium tangible goods, which already have fat margins, are acquired regardless of less expensive alternatives. Rubber duckies and poorly manufactured toys can be bypassed altogether.
London ZEUS 17:58 GMT February 15, 2011
Ind! Rafe... 17:50 GMT February 15, 2011
Not a substantial amount of refined products i.e. gasoline, diesel is imported to the US unlike Iran. Otherwise, if prices are too high for imports then that exporter suffers. The exporter needs to sell goods more than Americans need additional clutter in their lives.
houston st 17:56 GMT February 15, 2011
JOHN--saw some headlines that the China price index data exceeds their inflation targets, fwiw...crude/products well off their highs, and contango is actually reversing a bit here in late morning...some unwinding/profittaking ahead of today's APIs and tomorrow's options expiry is my guess...gl/gt.
Ind! Rafe... 17:50 GMT February 15, 2011
London ZEUS 17:47 GMT February 15, 2011
Anything USA imports from any place in the world that requires oil powered electricity to produce i.e. a tangible item, even refinery costs require some oil expenses.
London ZEUS 17:49 GMT February 15, 2011
Grains are down some but they still need to eat, even during a drought. Gold and silver up, crude relatively flat...
London ZEUS 17:47 GMT February 15, 2011
Ind! Rafe... 17:37 GMT February 15, 2011
What do you mean by production costs? Refinery costs or lead covered plastic toys from China? Otherwise, all things remaining constant, I agree that those who need to import oil at elevated prices may increase demand for USD's. That was my point. Demand for USD's continues in such a scenario. Otherwise, as much as people bellyache about high gas prices, demand is not very elastic.
GVI Forex john 17:44 GMT February 15, 2011
Just curious to anyone here. Has the lower than expected Chinese CPI data overnight had an impact on commodity prices today ?
London ZEUS 17:43 GMT February 15, 2011
Already had 4 in as many months.
GVI Forex john 17:42 GMT February 15, 2011
GD- FWIW I checked with a commodity trader at a major NY institution and he was unaware of margin hike rumors.
Ind! Rafe... 17:37 GMT February 15, 2011
Rexburg Stubbs 16:58 GMT February 15, 2011
Okay only 17% of oil imported into the USA comes from the middle east. but other countries may be having 100% of their oil coming from the Middle East and or Nigeria.
If oil goes up in value the amount of dollars that need to be converted for oil imports into any country has to be more and because of higher production cost the producing country in turn has to charge more US dollars to the USA.
So more proof of what I am trying to say US indirectly and directly faces a double recession due to high price of oil of which anything produced has oil as a contributing factor of high price.
Lahore FM 17:33 GMT February 15, 2011
Buy EURJPY
Entry: Target: Stop:
ripe for fresh rise and so is eurusd.
i clsoed usdcad longs for a small profit.
London ZEUS 17:29 GMT February 15, 2011
Here is a recent example-
http://www.bloomberg.com/news/2011-02-04/cme-raises-margins-for-silver-copper-platinum-after-today.html
BERN DS 17:26 GMT February 15, 2011
Reply
Did not hear anything... I paid all cash for my core positions... and my silver ounces.... -;)
London ZEUS 17:24 GMT February 15, 2011
GD- Have seen rounds of increases in margins to protect a few banks and their shorts. That has caused a few rounds of minor selloffs by otherwise honest positions of smaller sized traders to provide some much needed lifesaving liquidity for the string pullers. Not sure if we'll see more at the current levels but you never know.
Cheers
Vienna GD 17:20 GMT February 15, 2011
Reply
Zeus, DS or somebody else ... anybody heard of margin hikes (softs, gold, silver, etc etc) coming along? There are some rumors flying around .. not sure whether substantial, hence asking ...
Israel dil 17:20 GMT February 15, 2011
thanks. Fellow trader's analysis and trading views are always helpful and welcome. Here in Israel the common feeling is that the region is about to transform into the unknown. Also our political system is shaking and about to crash due to corruption and leadership without feel to the people. My feeling is that china will start the change of guard at the global leadership here in the middle east. The history on this region is full with cases about shooting themselves in their own foot and even their own head. Not the best place for the moment.
to dr unken katt 17:18 GMT February 15, 2011
m
London ZEUS 17:17 GMT February 15, 2011
Can see a minor rally here to shake out weak shorts that converted late in the game.
London ZEUS 17:10 GMT February 15, 2011
Yawn.
Rexburg Stubbs 17:08 GMT February 15, 2011
From our much enjoyable conversations yesterday, it is interesting to note a stronger USD, gold and silver. Smooth as a Swiss watch.
Happy Day!
to dr unken katt 17:07 GMT February 15, 2011
euro is bangin dat PP,
USA ZEUS 17:04 GMT February 15, 2011
As a front line grunt in the trenches I would recommend that you guys pay attention to USD/JPY. 94 is about to blow the rally wide open for USD.
USA ZEUS 17:01 GMT February 15, 2011
Of course USD is rallying. This is all part of the plan.
Rexburg Stubbs 16:58 GMT February 15, 2011
Ind! Rafe... 16:55 GMT February 15, 2011
Yes they use USD. So if oil theoretically goes up in price do those countries that import oil need to exchange their own currency for more or less USD's?
Rexburg Stubbs 16:56 GMT February 15, 2011
17% of consumed oil in the US is from the ME. So if the Islamic Brotherhood chooses to destroy their own economy that is their choice but I believe the people rioting and protesting in the streets are not about destroying their future, but rather having a future, which looks dim at best under Islamic extremist regimes.
houston st 16:55 GMT February 15, 2011
technically crude is on the defensive at the moment...yesterday's products rally and brent squeeze were both shrugged off, and the widening contango in the wti spreads is still a bearish sign as well...currently looking at a possible challenge of the $83.90 level followed by $82.78, fwiw...march11 options expire tomorrow, which could lend some add'l volatility to the mix...march11 futures go off a week from today, and I'm already seeing many switching to June11 contract...hope this helps...gl/gt.
Ind! Rafe... 16:55 GMT February 15, 2011
Rexburg Stubbs 16:48 GMT February 15, 2011.
I understand what your saying but how do other countries pay for their own oil imports? Do they use USD?
London SMS 16:48 GMT February 15, 2011
Reply
I don't understand it myself but it seems to want to go down? st - could you enlighten me please?
Rexburg Stubbs 16:48 GMT February 15, 2011
Ind! Rafe... 16:44 GMT February 15, 2011
Nice argument but I don't see the market agreeing with this panicky idea. The world's oil is priced in USD yes but the Obama budget matters not for many reasons. Besides, the US does not import hardly any oil from the middle East. Canada and Mexico and domestic production are the primary sources.
Ind! Rafe... 16:44 GMT February 15, 2011
dil// Stubbs knows what he is saying about the euro bulls.
Also the fact that if the entire middle east is in jeopardy and geopolitical tension obviously the price of oil will go up dramatically which means that Obama's USD$ 3.78 Trillion dollar budget will see a good portion of that budget figure going back into the hands of the oil producing nations even though they are trying to cut back on spending with austerity obviously higher domestic production needs more oil to be imported as a raw material. So if the USA is interfering and causing geo political tensions by showing that they are happy riots are taking place in their supply zones rather than mediating and throwing cold water on conflict it's gonna do 2 things it's going to deepen US recession woes for the people that reside there via expensive oil which would affect production>supply, 2) it would make the current wars and presence of American troops in Iraq and Afghanistan even more costly because they need fuel to power their own equipment, they need it for logistics into those zones and within those zones etc...
So it's a big issue mate...
Hope this makes sense from an economic perspective if I am wrong somewhere or left out something then somebody help out by filling in the grey areas.
Hong Kong Qindex 16:38 GMT February 15, 2011
EURGBP
Entry: Target: Stop:
EUR/GBP : The market is going to challenge the supporting strength of 0.8349 // 0.8360.
Qindex.com
London SMS 16:37 GMT February 15, 2011
Squared up for + 5. Only trade of the day! Wouldn't even keep one of my daughters in shoes for a morning!
Cambridge Joe 16:37 GMT February 15, 2011
Stubbs// Sorry ... my mistake.
Until Islamic brotherhood has fought off the armies and siezed control of pipelines and wells, I will not bother worrying about oil. BTW- oil is
Rexburg Stubbs 16:35 GMT February 15, 2011
Who needs to launch and F16 because people are rioting in the streets? Any real military threat by a large global force would be handled with existing reserves. But hey, if the markets are not transparent and the USD is in a free fall then place bets accordingly.
GVI Forex Blog 16:33 GMT February 15, 2011
Reply
EUR/USD maintained a steady tone in the NY morning as it appeared that Ecofin was facing fewer road blocks on achieving economic reforms plans. The UK inflation outlook remains a center of attention as participants are coming to believe that the BoE had zero room for policy errors.
TradeTheNews.com US Market Update
GVI Forex Jay 16:30 GMT February 15, 2011
EUR/GBP:
Daily chart shows .8334 blocking exposing .8286 (most important)
Cambridge Joe 16:29 GMT February 15, 2011
Stubbs// I f I may.... it is also a question of economics.
It costs a lot more to launch an F16 than does to launch a guy with a ruck-sack that goes bang.
Infrastructure security (pipelines) is a monstrous job... and supply is easily disrupted.
Even old school 'SCUD'missiles are a threat when your refinery covers 50 acres.
kl fs 16:27 GMT February 15, 2011
Reply
adding usdjpy short at 83.79, 84.21 and 84.79, stop all above 85.30
we are still in this 80-85 range, expecting usd weakness more to come later in the coming weeks
Rexburg Stubbs 16:22 GMT February 15, 2011
People who fear geopolitical events still flock to the USD. I know most will want to hate the USA and the USD, but that is mainly from the fact that they still can't replace the natural liquid USD safe haven.
Rexburg Stubbs 16:20 GMT February 15, 2011
Israel dil 16:15 GMT February 15, 2011
Until Islamic brotherhood has fought off the armies and siezed control of pipelines and wells, I will not bother worrying about oil. BTW- oil is priced in dollars, not euros. Natural demand is for USD in any oil scenario. If oil goes up, you will need to exchange for more USD to buy your oil. Mostly the region that is looking to leave oppression from disgusting dictatorship is a geopolitical event worth noting but it is a far cry from an economic event.
Israel dil 16:15 GMT February 15, 2011
Rexburg Stubbs 16:05 GMT
Stubbs, with all riots in Saudi Arabia and the Gulf states kind of risk aversion may take place to the extreme. also rising (sky rocketing) oil prices are associated with high EURO. I do not take a call here, I just ask you to be careful and flexible about the markets. 2010 named in Germany as "The Super Year" and they are clearly not to cover debts of other nations blindly. profit is profit also if not done with high leveraged trades. gl/gt
* all Middle East nations currently involved in riots and and unstable political situation are oil exporting nations.
nyc ws 16:14 GMT February 15, 2011
It has only been a 90 pip range today and the calm before the next storm.
Hong Kong Qindex 16:12 GMT February 15, 2011
EURGBP
Entry: Target: Stop:
EUR/GBP : The critical barrier is positioning at 0.8300 // 0.8305.
Qindex.com
Hong Kong Qindex 16:09 GMT February 15, 2011
EURGBP
Entry: Target: Stop:
EUR/GBP : The bias is on the downside when the market is trading below the weekly cycle pivot center at 0.8399.
Qindex.com
Rexburg Stubbs 16:05 GMT February 15, 2011
Gonna be an ugly ending for eur bulls who think to buy on dips.
GVI Forex john 16:02 GMT February 15, 2011
CALENDAR
Entry: Target: Stop:
February 15 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, February 16:
- Far East: JP- Industrial Output.
- Europe: GB- Average Earnings, Employment, BOE Inflation Report.
- North America: U.S. PPI, Housing Starts/Permits, Industrial Production and C/U, Weekly Energy, Fed Minutes.
Updated: Trading Events Calendar
Hong Kong Qindex 15:59 GMT February 15, 2011
Reply
Sell EURGBP
Entry: Target: Stop:
EUR/GBP : Critical Point 0.8305
The next downside targeting point is 0.8305.
Qindex.com
Richland QC Mailman 15:48 GMT February 15, 2011
Closed the re-opened gbp/usd shorts again for miniature gains. Shorted usd/chf 9673.
Hong Kong Qindex 15:47 GMT February 15, 2011
EURUSD
Entry: Target: Stop:
EUR/USD : The followings are still valid :-
THREAD STARTER:
EUR/USD : Critical Point 1.3485
02/14/2011 00:57:35 Hong Kong Qindex 1
EURUSD
Entry: Target: Stop:
EUR/USD : Critical Point 1.3485
The market is under pressure when it is below 1.3518. Speculative selling pressure will increase when the market downward trending momentum is strong enough to penetrate through 1.3485.
Qindex.com
Replies - Sort Order: Latest Post on Top - Latest Post Last
02/15/2011 03:36:28 Qindex Hong Kong 2
EURUSD
Entry: Target: Stop:
EUR/USD : A short term barrier is located at 1.3525 // 1.3533.
Qindex.com
02/14/2011 10:44:53 Mailman Richland QC 3
Thanks Dr. Q for this post. We are sure those who pulled the trigger are all smiles and grateful for heeding this important post.
02/14/2011 10:37:03 Qindex Hong Kong 4
EURUSD
Entry: Target: Stop:
EUR/USD : The market has good potential to tackle the range at 1.3202 // 1.3278.
Qindex.com
02/14/2011 09:28:25 Qindex Hong Kong 5
Sell EURUSD
Entry: Target: Stop:
EUR/USD : The current expected trading ranges are ... // 1.3449 - 1.3458 - 1.3462 - 1.3508 - 1.3518 ...
Qindex.com
02/14/2011 01:38:30 Qindex Hong Kong 6
Sell EURUSD
Entry: Target: Stop:
EUR/USD : The bias is on the downside when the market is trading below the weekly cycle pivot center at 1.3541.
Qindex.com
02/14/2011 01:30:10 Qindex Hong Kong 7
EURUSD
Entry: Target: Stop:
EUR/USD : Congested barriers are located at 1.3508 - 1.3518 - 1.3524 - 1.3541 - 1.3551 - 1.3563 - 1.3596.
Qindex.com
GVI Forex Jay 15:40 GMT February 15, 2011
And after the choppy trading it is still an inside day.
GVI Forex john 15:36 GMT February 15, 2011
TECH TALK
Entry: Target: Stop:
Seems we can't get away from 1.3500 as a psychological benchmark in EURUSD. The actual Pivot Point today is 1.3490.
Israel dil 15:33 GMT February 15, 2011
* (Ahlul Bayt News Agency) - According to informed sources, Saudi Military Entered Bahrain to Crackdown Protesters.
- it may turn into mixture of panic and wide spread violence in Saudi Arabi and their neighboring countries.
Richland QC Mailman 15:32 GMT February 15, 2011
Re-opened at 1.6145. If the price returns to 1.6130 then we can look forward to a deeper correction.
Richland QC Mailman 15:28 GMT February 15, 2011
Delivered some tiny pips. Closed gbp and euros as market reversed. Not comfortable with the price action here.
GVI Forex john 15:14 GMT February 15, 2011
WHAT'S THE BUZZ?
Entry: Target: Stop:
- Big event today was U.K. CPI data @ 9:30 GMT and subsequent BOE letter of explanation to the Chancellor which opened the door to a possible U.K. monetary policy tightening later in the year.
- The BOE inflation Report tomorrow could be a market-mover.
- So far the GBP is up strongly vs. the USD and is stronger vs. the EUR.
- The GBP gain vs. the EUR has been generating EURUSD selling via the cross. This is not a USD market.
NYC ET 15:13 GMT February 15, 2011
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US stocks are at the lows of the day and lifting bonds higher. forex impact??
Gen dk 15:13 GMT February 15, 2011
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Gen dk 15:12 GMT February 15, 2011
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Trading Signals Updated:
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ldn ct 15:10 GMT February 15, 2011
The mailman delivers!
GVI Forex john 15:07 GMT February 15, 2011
WHAT'S THE BUZZ?
Entry: Target: Stop:
- Higher inventories constructive for the GDP number, but not necessarily constructive about demand.
- NAHB index in line but historically weak. No telling when homebuilding will ever pick up. Not all bad to run down excess housing inventories.
- Muted EURUSD response.
GVI Forex john 15:00 GMT February 15, 2011
ALERT
Entry: Target: Stop:
-- ALERT --
U.S. December Business Inventories m/m
+0.8% vs. +0.6% est. +0.2% previous
U.S. February NAHB (Home Builders) Index
16 vs. 16 est. 16 previous
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Richland QC Mailman 14:57 GMT February 15, 2011
Sold some euros here too. Hmmm, smell something heavy is about to unfold...
Lahore FM 14:52 GMT February 15, 2011
Dil i don't use 21 and 55 values but different value mas can coincide similar prices levels.
Israel dil 14:45 GMT February 15, 2011
tks FM. MA 21 & 55 seems to be your initial targets. :-)
gl/gt
Saar KaL 14:43 GMT February 15, 2011
cable shorts here
easily to 1.6050
Lahore FM 14:43 GMT February 15, 2011
Dil the stop is just below where latest impulse started.i see some attraction at 0.9878 and then at 0.9930.if it is to work it will work.
Richland QC Mailman 14:40 GMT February 15, 2011
Hi SMS too. Well, this is R3 already so speculating on some weakness. Actually, with this move from 1.6000 to 1.6170 GBP is more of a buy on dips. Except when crazy things happen and take out 1.6000 again probably not this day.
Israel dil 14:39 GMT February 15, 2011
Lahore FM 14:34 GMT
if I may ask about the risk management behind the USD/CAD trade. this week low is at 0.9849 and recent weeks low is at 0.9830. so why you went for 0.9855 stop with that trade?
TIA and GL/GT
London SMS 14:34 GMT February 15, 2011
Entry: 1.6150 Target: 1.61 Stop: 1.6171
Agreed Mailman - just shorted at 1.6150 but keeping a tight stop.
Lahore FM 14:34 GMT February 15, 2011
cheers Mialman.many good trades to you.i just only wnated a tight sl trade at this time.
Richland QC Mailman 14:32 GMT February 15, 2011
I am also in usd/cad 9873 stop at 9835. Pleasure to see you on board FM our friend.
Lahore FM 14:29 GMT February 15, 2011
Buy USDCAD
Entry: 0.9876 Target: Stop: 0.9855
long here.
Rexburg Stubbs 14:28 GMT February 15, 2011
dil - I agree. Words without actions are like $10 trading book strategies- i.e. "Buy Low and sell high", "Never add to a loser" etc etc. One must better understand exactly what to do or it will be done unto them.
Israel dil 14:25 GMT February 15, 2011
EUR/USD longs are not my bias as long 1.3560 not taken today. normally I am not looking further than my own risk and running trades. words can be very cheap on this planet. :-)
Richland QC Mailman 14:22 GMT February 15, 2011
Reply
Entry: 1.6148 Target: open Stop: 1.6180
Sold 2 lots here
Rexburg Stubbs 14:18 GMT February 15, 2011
Israel dil 13:23 GMT February 15, 2011
It sounds too easy because people have been fighting the facts. They kept saying that the trend is your friend and that 1.40 then 1.47 would print. But the trend has not been their friend because that has not been the trend.
Cairo Hesham 14:16 GMT February 15, 2011
There may be a crisis in Iran , Bahrain, Yemen and Algeria
London SMS 14:04 GMT February 15, 2011
What I am saying is that you'd not have made money long crude over the Egyptian crisis aside from the initial spike.
Israel dil 13:56 GMT February 15, 2011
London SMS 13:39 GMT
while you are long crude, does it matter for which reason your trade makes + $2.5-$3 day trade?
GVI Forex john 13:51 GMT February 15, 2011
- Apparently forecasters modestly underestimated the adverse impact of weather on the January retail sales report.
- Check chart in post below. We have not seen much to get excited about (either way) foe a long while.
- Empire PMI much stronger than expected.
- EURUSD up strongly, PLUS EUR is mostly better on its crosses.
GVI Forex john 13:44 GMT February 15, 2011
ECONOMIC DATA CHART
Entry: Target: Stop:
Retail Sales a bit weaker than expected. Weather cited...
London SMS 13:39 GMT February 15, 2011
I'd agree with you dil were it not for the fact that oil fell $6+ dolls after the initial spike when Egypt kicked off! Beyond rhyme or reason but then.....
Israel dil 13:36 GMT February 15, 2011
Bahrain protesters take control of main square
15/02/2011 By ASSOCIATED PRESS
DUBAI, United Arab Emirates — Thousands of protesters in Bahrain were filling a main square in the Gulf nation's capital Tuesday, as Egypt-inspired demonstrations gripped the country for a second day. Security forces appeared to hold back as the crowds poured into Pearl Square in Manama. The dramatic move came just hours after a second protester died in clashes with police in the strategic island kingdom, which is home to the US Navy's 5th Fleet.
* oil must react soon, I think so.
Israel dil 13:32 GMT February 15, 2011
Reply
* 'Maximum security' at 4 Israeli embassies due to threats. Foreign Ministry officials on Tuesday reported that security at four Israeli embassies has been increased to the maximum level following "a number of unusual events against Israeli locations." Additionally, the Foreign Ministry said that the four embassies were at risk of being closed due to the threats aimed at them.
source: 15/02/2011 By JPOST.COM STAFF AND YAAKOV KATZ
* Iran blames Israel, US for supporting protests. Hardline Iranian lawmakers called on Tuesday for the country's opposition leaders to face trial and be put to death, a day after clashes between opposition protesters and security forces left one person dead and dozens injured. Tens of thousands of people turned out for the opposition rally Monday in solidarity with Egypt's popular revolt that toppled President Hosni Mubarak after nearly 30 years in power. The demonstration was the first major show of strength from Iran's beleaguered opposition in more than a year.
source: 15/02/2011 By ASSOCIATED PRESS
* The official IRNA news agency quoted acting police commander Gen. Ahmad Reza Radan who said dozens of people, including nine members of the security forces, were also wounded in Monday's protests. Radan said one of the injured was in a critical condition.
nyc ws 13:32 GMT February 15, 2011
Lousy weather probably had an effect.
GVI Forex john 13:31 GMT February 15, 2011
ALERT
Entry: Target: Stop:
-- ALERT --
U.S. January Retail Sales m/m
headline +0.3% vs. +0.5% est. +0.5%r previous
ex-autos +0.3% vs. +0.5% est. +0.3%r previous
U.S. February Empire PMI
15.43 vs. 13.0 est. 11.9 previous
U.S. January Import Prices
+1.5% vs. +0.9% est. +1.2%r previous
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HK RF@ 13:25 GMT February 15, 2011
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As business has deteriorated recently.
Israel dil 13:23 GMT February 15, 2011
one more post like that stubbs, and I get into longs. shorts start to sound too easy :-)
Rexburg Stubbs 13:21 GMT February 15, 2011
It feels like EUR is about to unravel at the seams and fall apart.
Rexburg Stubbs 13:13 GMT February 15, 2011
Israel dil 13:09 GMT February 15, 2011
Range keeps shifting lower eh?
It's all part of the weekly trend.
Sub 1.25-1.30 should be no sweat.
Israel dil 13:09 GMT February 15, 2011
Reply
1.36+ or 1.34-
very interested to see how traders are positioned for prices under 1.34. soon we will know :-)
GVI Forex john 13:08 GMT February 15, 2011
WHAT'S THE BUZZ?
Entry: Target: Stop:
For those who follow these things. Note that U.K. interest rates, 2s and 10s, are up strongly following the U.K. inflation data we reported earlier below. The letter of the BOE Governor to the government hinted at a risk of sharply higher rates later this year. GBPUSD is up in response to all this...
2-yr Maturities
Last chg ytd
US 0.875 2.9 26.5
EZ 1.436 2.3 58.6
GB 1.566 4.8 47.6
JP 0.240 0.0 6.0
CH 0.587 -0.5 8.7
10-yr Maturities
Last chg ytd
US 3.642 1.5 35.2
EZ 3.326 3.0 36.6
GB 3.874 3.8 47.4
JP 1.315 0.0 18.5
CH 1.928 0.8 18.8
tokyo ginko 12:12 GMT February 15, 2011
i guess it's today or this week...GT all!
Rio 12:11 GMT February 15, 2011
Death by kaua bunga
Israel dil 12:10 GMT February 15, 2011
Napoli DC 12:03 GMT
Mubarak is currently available :-)
HK RF@ 12:10 GMT February 15, 2011
I think many Italian women were outraged of the high price he paid that young girl(7000euro).
They just went crazy.
And their posters(rioting ladies) screamed we like sex not "Bunga Bunga".
What is bunga bunga in Italian?
Napoli DC 12:03 GMT February 15, 2011
do agree,
the question is: who will rule after him? At present, nobody can
HK RF@ 12:03 GMT February 15, 2011
Reply
HK RF@ 22:33 GMT February 14, 2011
EUR/USD GBP/USD: Reply
.
Indeed short term traders should stay aside from this market, but based on daily chart gazing of GBP/USD, it may move higher when and if breaking higher out of the bullish wedge.
EUR/USD begins to look a bit over sold, and on top of that it got support on several timeframes, so an unexpected uptrend may develop back to to test [1.3700,1.3750] range.
GVI Forex Jay 12:03 GMT February 15, 2011
TECH TALK
Entry: Target: Stop:
12:00 GMT (Global-View.com) February 15 - The focus remains on the euro more than the dollar and a rebound on its crosses (note firmer eur/chf and eur/chf although eur/gbp has since turned lower) has seen eur/usd regain 1.35. The choppy price action suggests a market lacking conviction and looking for the next headline to trigger a move. Looking at the charts, eur/usd remains in what I call the noise zone bounded by higher lows and lower highs (1.2875/1.3247-1.3744/1.3861). Within this zone, 1.35 (pivoted 3 days in a row) remains the key level as it continues to set the tone and will do so going forwards as well. There are clusters of potential resistance above the market and little to go after on the downside until the Monday-Tuesday lows. Note, Tuesday has so far seen an inside day.
On the upside:
1.3547 = intra-day high
1.3552 = R1
1.3559 = Monday high
1.3587 = 50% of 1.3744-1.3429
1.3594 = 38.2% of 1.3861-1.3429
1.3620 = R2
1.3621 = 20 day mva and Feb 11 high
1.3624 = 61.8% of 1.3744- 1.3429
1.3645 = 50% of 1.3861-1.3429
1.3675 = daily trendline drawn off 1.3861 and 1.3744
On the downside, the move off the lows leaves little until those levels (1.3460 = intra-day low and 1.3429 = Monday low). 1.3500 = pivotal sentiment indicator and 1.3490 = daily
GVI Forex john 11:52 GMT February 15, 2011
WHAT'S THE BUZZ?
Entry: Target: Stop:
TUE:
North America: U.S.- Import Prices, Empire PMI, Retail Sales, TIC data, Business Inventories, API.
-
Focus on
EURUSD pair which is higher. EUR up on crosses USD negative?
-
Heavy
economic calendar from the U.S.
-
Earlier U.K.
inflation still an issue. German ZEW data were mixed.
-
Rising U.S.
interest rates key source of USD support, but USD
diversification unlikely to end.
-
Egyptian
instability might be spreading. Unrest could trigger USD flight to safety demand.
GVI Forex john 11:52 GMT February 15, 2011
Reply
Thread starter
Israel dil 11:43 GMT February 15, 2011
Reply
* Silvio Berlusconi to face trial in underage sex case
Judge orders Italian prime minister to stand trial on charges of paying for sex with an underage prostitute and abuse of office
is that EURO positive or negative?
- I think is EURO positive as anything to take him away from power will do only good for Italy and the EURO too.
Sydney Mick 11:39 GMT February 15, 2011
Ah, yes, SELL USD/CAD, in otherwords buying CAD.
ldn ct 11:32 GMT February 15, 2011
Is that long usd or long cad?
Sydney Mick 11:30 GMT February 15, 2011
Reply
Sell USDCAD
Entry: 0.9855 Target: 0.9500 Stop: 0.9900
80% to 90% of retail traders with CAD trades are long.
Richland QC Mailman 11:24 GMT February 15, 2011
Looks like the pound is having a ballroom dance of its own anew. 80 pips up, then down, then 80 pips up again. Let us see how the 4-hr chart closes here. It is getting to be more of a GBP's bull game.
GVI Forex Blog 11:05 GMT February 15, 2011
Reply
Overall the general price action was somewhat choppy but the FX markets saw similar ranges from Monday's action. The inline reading of UK CPI sent the GBP/USD off its session highs of 1.6106 to trade around 1.6050 as the NY day dawned as dealers noted some heavy long positioning into the release.
TradeTheNews.com European Market Update
Gen dk 11:04 GMT February 15, 2011
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Trading Signals Updated:
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GVI Forex Blog 11:02 GMT February 15, 2011
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11:00 GMT (Global-View.com) February 15- Today has been an active day for data with Chinese CPI conveniently coming in below yr/yr street estimates of +5.1% at +4.9%.
Daily GVI Forex Forex View- Active Data Session
GVI Forex john 10:59 GMT February 15, 2011
ECONOMIC DATA CHART
Entry: Target: Stop:
CHART: EZ GDP
London Mick 10:37 GMT February 15, 2011
if it gets there.......
atlanta blahblah 10:33 GMT February 15, 2011
thats what im going to do when it gets to 1.3580
ldn ct 10:29 GMT February 15, 2011
when did you get short at 1.3580?
atlanta blahblah 10:23 GMT February 15, 2011
Reply
Sell EURUSD
Entry: 1.3580 Target: Stop:
short from around 1.3580 heavy sell orders above 1.3580 up to 1.3610
http://www.forexlive.com/166771/all/quick-look-at-the-order-board-32
maybe take some or all of your profit at 1.35.
Gen dk 10:05 GMT February 15, 2011
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Trading Signals Updated:
CLICK HERE for more Gen dk information
GVI Forex john 10:02 GMT February 15, 2011
-- ALERT --
EZ Dec Trade & 4Q10 GDP. GE Feb ZEW Survey
Trade EUR bl: -0.5 vs. +1.0 est. +0.4 previous
GDP qq: +0.3% vs. +0.4% est. +0.3% previous
GDP yy:+2.0% vs. +2.1% est. +1.9% previous
ZEW Cond: 85.2 vs. 83.0 est. 82.8 previous
ZEW Sent:15.7 vs. 20.0 est. 15.4 previous
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