Forex Forum Archive for 06/22/2012

Dillon AL 21:33 GMT June 22, 2012
Weekly setup videos for the EUR/USD and GBP/USD

To access the videos Click here

Cambridge Joe 21:06 GMT June 22, 2012 Reply   
'Official confirmation' Turkish jet fighter shot down by Syrian Military.

If it is seen as being an attack on Turkey. being a member of NATO could mean that SYRIA comes to the attention of NATO.......

Long Military Industrial complex.

GVI Forex john bland 20:38 GMT June 22, 2012
final Germany wins 4-2

GVI Forex john bland 20:34 GMT June 22, 2012
4-2

GVI Forex john bland 20:19 GMT June 22, 2012
4-1

GVI Forex john bland 20:13 GMT June 22, 2012
Germany 3-1

GVI Forex john bland 20:07 GMT June 22, 2012
Germany 2-1

GVI Forex john bland 20:03 GMT June 22, 2012
1-1

GVI Forex john bland 20:01 GMT June 22, 2012


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.

GVI Forex john bland 19:37 GMT June 22, 2012 Reply   
Half-time
Germany ahead 1-0

GVI Forex john bland 19:29 GMT June 22, 2012
Global-View.com Forex Heat Map

Forex Trading Tools Index

Mtl JP 18:47 GMT June 22, 2012 Reply   
- AP ROME - The leaders of France, Germany, Italy and Spain agreed to push for a growth package worth up to €130 billion ($163 billion) at a key European Union summit next week aimed at kickstarting the economy and safeguarding the currency bloc

- "The banks are propping up the government, the government is propping up the banks. I live in Russia right now and we're making complete fools of ourselves in the West," Liam Halligan, chief economist at Prosperity Capital Management told CNBC

- "We say that growth and solid financials are two sides of a coin. Solid financials are not sufficient," Merkel

- "We maintain that if four countries as important and diversified as ours can find a convergent line, this can help force a strong consensus at the EU Council," Monti

- "Our fear is that the markets move faster than policymakers," Pandit said

- Europe is facing a deficit of bank capital coupled with a "deficit of political capital" according to David Soanes, head of global capital markets at UBS on CNBC

- IMF Managing Director Christine Lagarde on Thursday called on the European Central Bank to cut interest rates and said giving aid directly to struggling banks in the euro zone rather than to governments would be a better way of dealing with the debt crisis.

"Talk about closing the stable door when the horses have bolted," Halligan said

- Jim O'Neill said that talking with people who attended the G20 meeting in Mexico seemed to show they had a belief that "something is in the works. Somewhere along the line here one of the bazookas is going to come out," he said.

- Without a successful outcome at the summit "there will be progressively greater speculative attacks on individual countries, with harassment of the weaker countries," Monti

GVI Forex john bland 17:47 GMT June 22, 2012
17:50 GMT (Global-View.com) June 22- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is ending Friday in North America at .5550, -0.36% from its Thursday close (+3.15% vs. end-2010).

As for its key subcomponents, the USD forex purchasing power index is .8009, +0.05% (+2.92% vs. end-2010). The forex index is value is calculated against the top six trading currencies.

Against gold, the USD purchasing power index is worth .1837, +0.04% (-9.44% end-2010).

Against crude, it is at .5595, -1.35% (+14.71% vs. end-2010). The D.O.G. Index base is 1.00. It is measured against levels from the start of 1999, as of the initial launch of the euro (currency).

Central Kwun 17:33 GMT June 22, 2012 Reply   
Suddenly Spike Up?

Cambridge Joe 17:09 GMT June 22, 2012
Bahhh ! Rubbish... no power in it.... covered entry and going out.

have a good weekend to all.

Cambridge Joe 16:33 GMT June 22, 2012 Reply   
Went long e/$ 2549.

I hope this is the grand flourish to the week !

GVI Forex john bland 16:11 GMT June 22, 2012
Global-View.com Forex Heat Map

Forex Trading Tools Index

Belgrade TD 15:32 GMT June 22, 2012 Reply   
$DX: 82,485/82,5 - Friday close ... with this "vision" Im out ... nice weekend to all :)

USA ZEUS 14:45 GMT June 22, 2012
Another option that recaptures a bulging $1 trillion+ is when Romney repeals Obamacare on day 1 of his presidency. Otherwise if Obama remains in office the outlook is dire.....

HK Kevin 14:43 GMT June 22, 2012
van Gecko 13:05 GMT, thank for your advice. We don't have the crystal ball, but self-discipline is what we need to survive in th emarket. Stop almost hit and TAs still suggest further strength of USD.

GVI Forex john bland 14:42 GMT June 22, 2012 Reply   
“Fiscal cliff” is the popular shorthand term used to describe the conundrum that the U.S. government will face at the end of 2012. U.S. lawmakers have a choice: they can either let current policy go into effect at the beginning of 2013 – which features a number of tax increases and spending cuts that are expected to weigh heavily on growth and possibly drive the economy back into a recession – or cancel some or all of the scheduled tax increases and spending cuts, which would add to the deficit and increase the odds that the United States could face a crisis similar to that which is occurring in Europe.

GVI Forex john bland 14:36 GMT June 22, 2012



June 22, 2012 (global-view.com) UPCOMING DATA HIGHLIGHTS for Monday, June 25, 2012. Updated: Trading Events Calendar:

• Far East: No Major Data.
• Europe: No Major Data.
• North America: US- New Homes Sales.

Belgrade TD 14:25 GMT June 22, 2012
@ News
Hollande said meeting in Rome with the leaders of Italy , Spain and Germany had been useful in preparing the groundwork for EU summit in June
- He added that the four nations had agreed on a road-map for
- European economic integration.
Quotes
 "The European Council must make progress in creating confidence in the euro zone and Europe ," I consider that our meeting today was useful for attaining this objective." 
...
same old story ... buying time ...

Paris ib 14:24 GMT June 22, 2012
Stocks again?

jkt-aye 14:21 GMT June 22, 2012
ib, forget it. i have "vision" for him. case closed.

Paris ib 14:17 GMT June 22, 2012
I like it !! ;-)

Belgrade TD 14:16 GMT June 22, 2012
Paris ib 13:57 GMT June 22, 2012
@Bloomberg - really ... So they are only human ... :) ... was out for lunch ....

Paris ib 14:14 GMT June 22, 2012
jkt-aye are you looking for some kind of catastrophe over the next two weeks? What on earth do you mean by your post?

Central Kwun 14:08 GMT June 22, 2012
Sell Gold
Entry: 1568 Target: 1530 Stop: 1580

Sell at 1568 is really works, haha

Hong Kong Qindex 14:06 GMT June 22, 2012
EURUSD
Entry: Target: Stop:

EUR/USD : The market is working on the barrier at 1.2559 // 1.2581. The bias is on the downside.


Qindex.com

EUR/USD : Monthly Cycle Charts

jkt-aye 14:01 GMT June 22, 2012
see what i mean ?... holdem now become bear. watch yourself + family for the next two weeks :)). pray to God if you have one. take care

Central Kwun 14:00 GMT June 22, 2012
should be 1568

Central Kwun 13:59 GMT June 22, 2012 Reply   
Sell Gold
Entry: 1580 Target: 1530 Stop: 1580

Sell Gold 1580

Paris ib 13:57 GMT June 22, 2012
That Bloomberg report on Spain has been officially denied.

Belgrade TD 13:52 GMT June 22, 2012
@The euro pulls back some against the dollar as Bloomberg reports Spain could push for some banks' junior bondholders to take losses. The country has asked for aid to support its financial sector, though the final amount is still undecided. Perhaps applying losses to some bondholders will help reduce the final amount of money Spain requests to recapitalize the banks. The euro is back to $1.2560 , compared with a session high of $1.2583 , according to EBS via CQG. ...

houston st 13:37 GMT June 22, 2012



eur/usd intraday...like crude, price is rotating between the 50% balance point (1.2591) and the lower pivot zone support (1.2507 thru 1.2487). Today's potental target is 1.2494 based on last night's close, but ECB & Friday effect may have thrown a monkey wrench in the mix here...have to see how much booksquaring is going to happen, and also how market digests the latest ECB collateral news...gl/gt.

Belgrade TD 13:37 GMT June 22, 2012
Buy OTHER
Entry: / Target: / Stop: /

Long Copper from here 3,303 ... for a month or so ... stop ~3,26 ... targeting 3,45/3,5/... 3 contracts ...

Paris ib 13:36 GMT June 22, 2012
The stock market spooked the EUR/USD yesterday. The news out of Europe today is (relatively) good. Peripheral bond yields are just racing lower (check out Portugal) and the European moves to protect capital markets are likely to have an impact. Unless U.S. stocks tank again, EUR/USD looks unlikely to spend much time under the 1.2550 area. That said, the real buy signal would be weakness in U.S. stocks accompanied by EUR/USD strength. Then it's game on.

houston st 13:22 GMT June 22, 2012



eur/usd daily...price has stalled multiple times this week at the weekly upper pivot zone area, an w/ yesterday's big selloff has stalled around he 3-day (trio) support (1.2557)...price may stall out @ the weekly 50% balance point (1.2580) if seen, but Friday's are tricky so expect the unexpected...mass convergence of my 5d, 10d, & 20d ema around 1.2600, fwiw.

houston st 13:21 GMT June 22, 2012 Reply   

eur/usd daily...price has stalled multiple times this week at the weekly upper pivot zone area, an w/ yesterday's big selloff has stalled around he 3-day (trio) support (1.2557)...price may stall out @ the weekly 50% balance point (1.2580) if seen, but Friday's are tricky so expect the unexpected...mass convergence of my 5d, 10d, & 20d ema around 1.2600, fwiw.

van Gecko 13:05 GMT June 22, 2012
HK Kevin 09:38 GMT.. Market rarely supports lopsided bets..
Euro could chop around 1.25 ~ 1.27 teasing bulls & bears for a while before going on its merry way.. M/T SOB'er & BOD'er need to be patient in this never ending game..
gl

houston st 12:37 GMT June 22, 2012



crude intraday....based on Thursday night's close, I would expect a run to $76.84 on Friday, however given it is Friday & there are no data releases I would expect that the downside is somewhat limited...the fact that price has flirted with the lower pivot zone support overnight but has failed to rotate back to the 50% balance point ($79.21) may indicate that we will get another run down today...use the usual guidedogs (euro/brent/refined products) for bias & flows, and mind thy risk...headline roulette could be the determining factor today.

houston st 12:37 GMT June 22, 2012 Reply   



crude daily...price hit the June target of $78.23 yesterday, and also breached the lower Dynamic Range level ($78.09), in effect completing our lower monthly targets...from here we will need to determine if we get a rotation back towards the weekly/monthly 50% balance points, or extend the lower range into July...for now use any rotation back towards my 5d ema ($80.69) or lower pivot zone as potential resistance, if seen today...overnight low of $77.56 should be watched as well...its Friday so after this big move I would think we might get a bounce heading into the weekend, at least temporarily.

GVI Forex john bland 12:35 GMT June 22, 2012


Canada headed for deflation?

London Misha 12:33 GMT June 22, 2012 Reply   
EURUSD - Open & Close Black Marubozo after Tweezer/Double Top & Bearish Stick Sandwich on the Daily Chart.
USDJPY - Two White Soldiers after Key Reversal Up on Daily Chart & a market bounce up off the Long MA.
GBPUSD - Long Black Marubozo after Long Legged Spinning Top on Daily Chart.
USDCHF - Open & Close White Marubozo after Spinning Top & bounce up off 50% Fib at 0.9416 on Daily Chart.
EURGBP - Bearish Harami on Daily Chart.
USDCAD - Open & Close White Marubozo after Mildly Bullish Spinning Top on Daily Chart.
AUDUSD - Long Black Marubozo on Daily Chart after Bearish Doji & rejection of the Long MA resistance.
USDZAR - Closing White Marubozo after Bullish Spinning Top on Daily Chart.
USDBRL - Long White Marubozo after Tweezer Bottom on Daily Chart.

GVI Forex john bland 12:31 GMT June 22, 2012

GVI Forex 12:08 GMT June 22, 2012 Reply   
The dollar held gains against most major currencies on Friday after Moody's downgraded 15 major banks and worries about global growth pushed investors to the safe-haven greenback.

FOREX NEWS - Dollar retains gains, weak German data checks euro

London DG 12:06 GMT June 22, 2012
KL I agree am long 12600 from last night. Much will depend on what the pre summit meetings says tonight before next week. This may give the market one more final push of hope before the "Fiscal cliff" arrives!

Cambridge Joe 11:58 GMT June 22, 2012
Good rest KL. Thanks for your posts... they help me with gold esp. GL.

KL KL 11:34 GMT June 22, 2012
Cambridge Joe

I have a feeling that DOW will pop 100+ points for a one-two day wonder.....the in Crash mode leading to NFP...then again with so much paper money....so hard to just play the trend....that is why I have been long gold and playing long gold until now.....just want to sleep.....set limit short Dow 12712 and gold 1578...or long gold 1520.....and lots of random fishing hook everywhere...

eur is weakiening.....prefer to short this higher like 1.2618......and off to bed....see you guys in 7 hours.....gl gt all

Cambridge Joe 11:26 GMT June 22, 2012
fs funnily enough... getting some USDX softness right about here. How much will seep into e/$ I don't know.
e/$ otherwise looking for a lift around 20:00 GMT at the latest. IMO

GVI Forex john bland 11:25 GMT June 22, 2012
As indicated below, the correlation trade has working so far DAX is off its lows

DAX -49

futures
DJ +46
SP +4.9

GVI Forex john bland 11:10 GMT June 22, 2012
Global-View.com Forex Heat Map

Forex Trading Tools Index

Cambridge Joe 10:40 GMT June 22, 2012
fs fair enough.... just sharing my view.

As witness last night's attempt, I do trade both long and short if I think that there is merit in it. GL .

kl fs 10:25 GMT June 22, 2012
Joe, the blips may go as high as 1.2620-30 whereas downside attempt from here would be hard to find solid followthrough as well even if we go under 1.25 briefly

Cambridge Joe 10:14 GMT June 22, 2012
Just got back online after problems with the computer...

Overnight attempt at e/$ long got stopped out.... I was expecting to wake to find +40 but there it is.

e/$ SOB for the next couple of weeks IMO !

kl fs 10:11 GMT June 22, 2012 Reply   
equities market will tank again later, no excuses

GVI Forex Jay Meisler 10:11 GMT June 22, 2012 Reply   
10:00 GMT (Global-View.com) June 22 -
Jay Meisler's Daily Forex Weathermap - EURUSD (current rate 1.2553)

This feels like the day after a natural disaster with those still standing trying to dig out. This has been the case for the EURUSD, which briefly broke its 20 day mva (1.2530) although 1.25 is most important in keeping the downside contained.

Jay Meisler's Daily Forex Weathermap - EURUSD

Belgrade TD 10:04 GMT June 22, 2012
almost weird - nothing to trade until Rome statement ... :)

GVI Forex Blog 09:59 GMT June 22, 2012 Reply   
The EUR/USD continued to face headwinds as the German economy seems no longer immune to the troubles impacting its neighbors. The price action suggested that a relief rally could occur after the Thursday sell-off in the pair.

TradeTheNews.com: EU Market Update: German IFO Survey mixed but shows Germany is no longer immune to the troubles; No decision expected at informal EU-4 meeting in Rome today

kl shawn 09:58 GMT June 22, 2012
Kevin, i think euro has corrected well from 1.27xx
start buying now for a return to the high, this time should target 1.2850 before testing 1.3!!

HK Kevin 09:38 GMT June 22, 2012
van Gecko 06:56 GMT, I am a little bit surprise of not much follow through on USD strength this Asian and European morning. Closed 1/3 of my short EUR and AUD positions earlier and keep a tight stop loss.

GVI Forex john bland 09:35 GMT June 22, 2012
Correlation trade starting to work. Careful with comparisons today, as the DAX is catching up with U.S. Equities will be an important measure of confidence.

DAX -65

futures:
DJ +42
SP +5.5

GVI Forex john bland 09:25 GMT June 22, 2012

• Key Items: CA- CPI..

• The key German IFO survey was weak as expected. It was noted that the survey was taken before the Greek election, but a broader weakening pattern had already been in place. U.S. data on Thursday were weaker than forecast. No major data are set for release today.

• Equity markets had a difficult session Thursday well before the late in the day downgrade of nineteen banks. We have been watching the weakness in crude oil prices decline on expectations for weaker global demand. Watch stocks today.

• Our forex trading theme for the new week will be the lead up to EU leaders summit scheduled for next Thursday and Friday.

• The EURUSD is slightly lower. The key EURUSD 20-day average is 1.2530. The 10-yr bund is 1.52%, -1 bp  Key European bourses are lower. The U.S.10-yr is 1.62%, 0 bp.

• Key Asian bourses closed down. The 10-yr JGB is 0.83%, +1 bp. The key USDJPY 20-day average is 79.19. EURJPY 20-day average is 99.23..

GVI Forex john bland 09:04 GMT June 22, 2012
09:05 GMT (Global-View.com) June 22- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is opening Friday in North America at .5571, +0.17% from its Thursday close (+3.64% vs. end-2010).

As for its key subcomponents, the USD forex purchasing power index is .8017, +0.05% (+3.02% vs. end-2010). The forex index is value is calculated against the top six trading currencies.

Against gold, the USD purchasing power index is worth .1837, +0.00% (-9.48% end-2010).

Against crude, it is at 0.5700, +0.51% (+15.88% vs. end-2010). The D.O.G. Index base is 1.00. It is measured against levels from the start of 1999, as of the initial launch of the euro (currency).

Belgrade TD 08:24 GMT June 22, 2012
Merkel and company, have a meeting today in Rome ... announcement is expected around 4PM GMT ... I'm not totally sure about the schedule but somewhere afternoon ... we'll see if that will give some relief to the market ...

GVI Forex john bland 08:16 GMT June 22, 2012
Just looking at the IFO chart, the current conditions improvement came on the heels of a sharp fall in the previous month.

Perth WTR 08:16 GMT June 22, 2012 Reply   
i think most will be expecting a relief rally for euro and cousins today, but market can be very cruel as we know it...better stand aside if not in a profitable position already

Belgrade TD 08:12 GMT June 22, 2012
similar expectation data from Italy ... "bright" future :)

GVI Forex john bland 08:08 GMT June 22, 2012


German Ifo. Data mixed to weaker than expected...

GVI Forex john bland 08:01 GMT June 22, 2012 Reply   

KL KL 07:39 GMT June 22, 2012
ha ha

hft computer losing to ninja terror.....now to push gold to 1567-8...then i say sayonara...taking 1/3 now 1566...then in 60-70 above this exit ...and set stop to 1564.87......no can lose...LOL...off to get some food...

KL KL 07:13 GMT June 22, 2012
ok trying long gold here 1560...and add every $2-3 BELOW or I see my 100 pips.....nibling or high frequency trading by small chunk.....suprising the Real HFT super computer........who is this relentless buying on computer HFT sell.....

Belgrade TD 07:09 GMT June 22, 2012
Belgrade TD 12:17 GMT June 5, 2012
Entry: ~83.3 Target: ~80 Stop: ~84 ...Sept /DX fut sold ... 1 contract out ~82,6 ... 1 contract out ~81.9 ... etc.
///
Belgrade TD 17:24 GMT June 21, 2012
for last one I will reconsider only if we close (daily) above ~82,3 ... otherwise hold for TG ~80,6 ...
///
set new stop at 82.9 ...

van Gecko 06:56 GMT June 22, 2012
Buy EURUSD
Entry: 1.2524~1.2468 Target: abovve 1.2777 Stop: 200 pips

Buy Eurlow 1.2524~1.2468.. risk 2 figures for another 5+ figures above 1.2777..
Market doing some house-cleaning here after printing 1.27th Heaven.. Good re-load window here for pikers & M/T europhiles looking for higher grounds..

kl fs 06:05 GMT June 22, 2012 Reply   
sell usdjpy 80.45, stop 80.81, target later

User 04:12 GMT June 22, 2012 Reply   

MetaTrader 4 Platform and Automation

kl fs 03:13 GMT June 22, 2012 Reply   
bought aussie 1.0055, stop below 1.0020, looking for 1.0120-50 again

KL KL 02:55 GMT June 22, 2012
getting out gold here 1563.21...after averaging tons until price was 1562.43....happy to quit all and start adding from 1562.2 and start averaging down from there....maybe best to wait 1560.... need to get out a bit cooky averaging long buy and keeps getting lower...had it got to 1550 ..I am in deep deep trouble....ok...need to reset mind....be humble and less cooky.....LOL... Ninja trading nearly humbled...but prefer to long than short...just feel...stuff oversold too quick....not normal....probably high frequency computer glitch.....LOL...

One day these HFT computer will be taught a lesson....and investment bank collapse.......Ninja unplug UPS power.....LOL

Perth WTR 02:39 GMT June 22, 2012 Reply   
hmm euro and aud look oversold, buy some here euro 1.2558 and aud 1.0060 for short term play
stop 30 pips below for both, hopefully asia will take them as high as possible

jkt-aye 02:12 GMT June 22, 2012
holdem...is that all you got ? just tell us here what happen to you and your family on the next two weeks. i know it now :))...let see

KL KL 01:58 GMT June 22, 2012 Reply   
long now 1663.46....keep adding $1-3 bucks lower

tokyo rana 01:53 GMT June 22, 2012 Reply   
Sell USDJPY
Entry: 80.17 Target: 50/60 Stop: 81 for this one

ithink 50/60 before 100and 150...time frame 1st Q 2013....happy trade

Lahore FM 01:37 GMT June 22, 2012
Buy USDJPY
Entry: 79.28 Target: Stop: 78.45

Lahore FM 22:10:24 GMT - 06/06/2012

Buy USDJPY
Entry: 79.28 Target: 100.00 Stop: 77.90
3rd Trade of The Year 2012.

LONG AT 79.28 NOW.SL AT 77.90.

target 100.00

time scale forecast = 26 weeks or sooner.

--
sl to 78.45 now

HK RF@ 01:30 GMT June 22, 2012 Reply   
Hmmm, maybe not!

At the bottom of pessimism, possibly a Deus ex machina event on the way(Friday and weekend).

GVI Forex Jay Meisler 01:14 GMT June 22, 2012 Reply   
The safe-haven U.S. dollar hovered at 1-1/2 week highs against a basket of major currencies on Friday, staying buoyed following a long-anticipated credit ratings downgrade of the world's major banks by Moody's.

FOREX NEWS - Dollar rebounds as global growth jitters hit risk

singapore td 00:54 GMT June 22, 2012
you mean farmville?

Texas Don T. Holdem 00:53 GMT June 22, 2012
Zeus has already lost his "virtual farm"@ 12607.....but he has got a limitless supply of everything "virtual". that includes a "virtual account".

singapore td 00:49 GMT June 22, 2012
betting the farm with Zeus and Joe at 1.2556 for a return trip to 1.2580-90 gl gt

Bratislava Emil 00:36 GMT June 22, 2012 Reply   
Can anyone tell me why Eurusd is at 1.25?