Forex Forum Archive for 03/06/2012

Syd 23:52 GMT March 6, 2012 Reply   
top Australian central banker on Wednesday rejected calls to cut interest rates to bring down the high Australian dollar, saying the present level of rates and the currency were needed to contain inflation amid a once-in-a-century mining boom.

"Monetary policy can help the adjustment by keeping inflation under control and maintaining stability in the overall economy," he said. "Our judgment is that the current setting of monetary policy is consistent with this."

HK RF@ 23:44 GMT March 6, 2012 Reply   
.CORRECTION


1730 READ 1630

HK RF@ 23:42 GMT March 6, 2012
Today may be a recoil day, or temporary bottom which I suspect from an unseen pivot at 1730(if price will reach there).

KL KL 23:37 GMT March 6, 2012
ab

looks like gold playing between 2 distand memory...1800 and 1500....LOL...last week all shouts of 1800...this week tune changed dramatically.....lets hope NFP can give me more volitile times...this is good trading.....keeping so many currency shorts and just not comfortable holding 2 days or more.....

Boston eFX 23:22 GMT March 6, 2012 Reply   
(Dow Jones via eFXnews)While the investment bank's base scenario is that Greece will have to invoke the collective-action clauses as part of the effort, Barclays Capital contends the euro is ripe to weaken over the medium term even if the swap goes well and the CACs aren't invoked because European monetary policy will have to be loosened.

It says invoking the CACs .....

Barclays: Euro Faces Risks Even If Greek Debt Swap Goes Well (full story)

Beijing Laowen 23:21 GMT March 6, 2012
Hi FM, NZDJPY looks toppish on the daily chart. Your trades have typically been based on the daily patterns. Curious why you take this long at this stage. Your advice is much appreciated. cheers.

Boston eFX 23:19 GMT March 6, 2012 Reply   
(Dow Jones via eFXnews) Whether today's action "is the beginning of a larger-scale unwinding of riskier positions remains to be seen, but the fact that the US dollar and Swiss franc are also net bought on balance suggests we may be seeing a broad retreat from risk at present," says Bank of New York Mellon.

Its daily forex-flow indicators show.....

BNY Mellon: Risk Of Further Unwinding In Carry Trade (full story)

Syd 23:11 GMT March 6, 2012 Reply   

The RBA remains ever watchful, but as today's policy statement suggests there are no signs of economic calamity on the horizon.

link

GVI Forex john 22:53 GMT March 6, 2012 Reply   



March 6 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, March 7. Updated: Trading Events Calendar:

• Far East: AU- GDP, JP- Lead Indicator.
• Europe: CH- Unemployment, DE- Industrial Orders.
• North America: US- Weekly Mortgages, ADP, Productivity, Weekly Crude.

Syd 22:52 GMT March 6, 2012 Reply   
He sees a “very substantial” increase in resource exports in the next few years.
He’s optimistic about China and India
Surprised by negative reaction to China growth target, it was “good news”
China turning to a more sustainable model based on domestic demand, better in long run
No case that AUD is misaligned with fundamentals
“The hurdle for intervention is quite high”
Sees “some strength” in jobs market

GVI Forex john 22:04 GMT March 6, 2012

• Key Items: AU- GDP, DE- Industrial Orders, U.S.- ADP, Productivity.

• The struggle over Greece continued as  a question whether an official default will be declared weighed on the EUR.

• "Super Tuesday" has been for Republican presidential primaries. The outcomes in a key states will be watched as that party struggles to select its candidate to run against President Obama in National elections in the fall. Results should be out in the early evening.

• On Thursday, the RBNZ, ECB and BOE will make policy decisions. All three are seen keeping policies on hold. Their biases will be closely followed.

•  U.S. monthly employment data are set for Friday. ADP private employment data  Wednesday will have a strong influence on market expectations for Friday. 

• Tuesday Reserve Bank of Australia (RBA) kept rates steady (4.25%), but signaled the possibility of future ease.

hk ab 21:58 GMT March 6, 2012 Reply   
CB, it seems that they can't raid the gold as their wish this time. Is it because stox is not helping?

but I think gold needs to clera 1705 to remove the bearishness.

RF, btw, e/j looks very very tad. I think it's possible to see curr. move more first.

GVI Forex john 21:31 GMT March 6, 2012 Reply   

Lahore FM 21:29 GMT March 6, 2012
Buy OTHER
Entry: 65.60 nzdjpy Target: Stop: 65.20

sl raised for there is a slight possibility of a larger meltdown.in case of a larger meltdown happens and stop at 65.20 is taken then i an order at 64.10 awaits for a fresh long.

Mtl JP 21:17 GMT March 6, 2012
SYD on the other side of the coin is
DAVID STOCKMAN: You'd Be A Fool To Hold Anything But Cash Now

"...I wouldn't touch the stock market with a 100-foot pole. It's a dangerous place. It's not safe for men, women or children.

Q: Do you own any shares?

A: No.

Q: But the stock market is trading cheap by some measures. It's valued at 12.5 times expected earnings this year. The typical multiple is 15 times.

A: The typical multiple is based on a historic period when the economy could grow at a standard rate. The idea that you can capitalize this market at a rate that was safe to capitalize it in 1990 or 1970 or 1955 is a large mistake. It's a Wall Street sales pitch. .../..

Syd 21:04 GMT March 6, 2012 Reply   
"Have To Be In Precious Metals And Equities"

Faber said that in uncertain times, investors had to reconcile themselves to volatility.

GVI Forex john 20:53 GMT March 6, 2012 Reply   
Latest Close Trading Points...
more chart points About Pivot Points

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GVI Forex john 20:49 GMT March 6, 2012 Reply   
Latest Closing Trading Points...
many more chart points
About Moving Averages
About Bollinger Bands


Refresh Forum Manually to Update Table.

msa nsm 20:48 GMT March 6, 2012
thanks for the insights pal, really appreciate. going long with FM sir on the year long ;-))

GVI Forex john 20:44 GMT March 6, 2012 Reply   

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.

Cambridge Joe 20:34 GMT March 6, 2012
nsm. looks right to me..... it could take a spiteful trip to 1.0040 to cement the move... but I think that you are right.

I just sacrificed earlier gold longs to fund possible sl requirements on my e/$ longs.....

It's only a small pot... so I can't / mustn't burn it all at once !
;-))

Open 20:34 GMT March 6, 2012 Reply   

Goldman's Secret Greece Loan Reveals Two Sinners (vid)

Mtl JP 20:34 GMT March 6, 2012
msa nsm - u should be ok
1) u have a defined sl
2) priceaction close likely under 200dma

Lahore FM 20:30 GMT March 6, 2012
Buy OTHER
Entry: 65.60 nzdjpy Target: 80 Stop: 64.40

Trade of the Year 2012 part 2.

back in with a long now

Boston eFX 20:30 GMT March 6, 2012 Reply   
(Dow Jones via eFXnews)Greece warned private sector creditors Tuesday that there are no financing plans for those who do not participate in the EUR100 billion bond swap program which is in progress, adding that failure to close the deal would lead to even more onerous terms.

In a statement, the Public Debt Management Agency said it informed investors in Frankfurt Monday that if ....

Greek Program Does Not Cover Creditors Out of PSI (full story)

msa nsm 20:22 GMT March 6, 2012
trying a small short at market with 50 sl above TL Rest.

msa nsm 20:19 GMT March 6, 2012
Sell USDCAD
Entry: Target: Stop:

anyone short usdcad, looks really staged to collapse?

Syd 20:12 GMT March 6, 2012 Reply   
Portuguese bond yields are rising as investors are busy putting cheap money from the European Central Bank to work elsewhere.

That’s a problem for Portugal’s Prime Minister Pedro Passos Coelho, who is trying to convince investors that his government’s debt is sustainable and that losses won’t be imposed on bond holders, as is the case for Greece.

GVI Forex john 20:12 GMT March 6, 2012 Reply   
Global-View.com Forex Heat Map

Forex Trading Tools Index

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Syd 19:56 GMT March 6, 2012 Reply   
There are growing divisions among European Central Bank leadership about how to handle the euro crisis, not to mention between the ECB and the Bundesbank, Germany's central bank. While ECB head Mario Draghi is pleased with his recent decision to flood the markets with cheap money

Bundesbank President Jens Weidmann warns of the dangers.

dc CB 19:55 GMT March 6, 2012
Apple iPad HD event at 13:00
tomorrow, March 7th

GVI Forex Blog 19:55 GMT March 6, 2012 Reply   
19:55 GMT (Global-View.com) March 6- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is ending Tuesday in North America at .5179, +0.84% from its Monday close (-3.73% vs. end-2010).

Global-View D.O.G. Index March 6, 2012 U.S. Close

GVI Forex john 19:53 GMT March 6, 2012 Reply   
19:55 GMT (Global-View.com) March 6- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is ending Tuesday in North America at .5179, +0.84% from its Monday close (-3.73% vs. end-2010).

As for its key subcomponents, the USD forex purchasing power index is .7790, +0.46% (+0.11% 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 .1725, +2.14% (-14.99% end-2010).

Against crude, it is at 0.4256, +1.91% (-12.73% 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).

Syd 19:46 GMT March 6, 2012 Reply   
Mtl JP 19:34 GMT Reading many reports Europeans are moving their money out , Brits selling up moving back to the UK,worried about the pending collapse same in Germany friends even put money into AUD for safety a whiile back .. Its a bottomless pit and they wont admit it, typical politicians - to do the right thing will make them look fools so instead they let everyone goes down with the ship :-(( and they will

Mtl JP 19:34 GMT March 6, 2012
Syd 19:28 that sounds both like a good reason for a war with Buba on one side and market on the other.

Where are the odds you say ?

dc CB 19:33 GMT March 6, 2012 Reply   
move over VIXAL-4

Citigroup has become the first financial services client for IBM's Jeopardy-playing human-cognitive 'machine' Watson.

International Business Machines Corp. (IBM)’s Watson computer, which beat champions of the quiz show “Jeopardy!” a year ago, will soon be advising Wall Street on risks, portfolios and clients.

Citigroup To SkyNet: "You're Hired"

GVI Forex john 19:29 GMT March 6, 2012

TALKING-FOREX Click FX SQUAWK on Navigation Bar. Click SPEAKER Icon at top right of squawk page for live audio. M-F 6:30-21:30 GMT.

Syd 19:28 GMT March 6, 2012 Reply   
More than a year ago, German economist Hans-Werner Sinn discovered a gigantic risk on the balance sheets of Germany's central bank. Were the euro zone to collapse, Bundesbank losses could be half a trillion euros -- more than one-and-a-half times the size of the country's annual budget.

The Hundred-Billion-Euro Bomb"We're caught in a trap," Sinn says. "If the euro breaks apart, we're left with an outstanding balance of nearly €500 billion, owed by a system that no longer exists." That figure, €500 billion, is more than one and a half times Germany's annual federal budget.

dc CB 19:25 GMT March 6, 2012
Apple target raised to $710 at Barclays Capital

dc CB 19:19 GMT March 6, 2012
He's got to do it soon...cause there's a kind of "blackout" for the Fed as the Election nears.....can't give/know the date now, but there is a cut off for "intervention" .

Mtl JP 19:12 GMT March 6, 2012
dc CB 18:48 - some would agree re Bens propensity towards more QE:

GVI Forex Jay 15:21 GMT March 6, 2012 - My Profile
QE3: Reply
Talking Forex saying a think tank report reportedly saying the hurdle to QE3 is not as high as one may think.

JERUSALEM KB 19:04 GMT March 6, 2012
EURUSD
Entry: Target: Stop:

Buy EURUSD
Entry: 1.3242 Target: 1.3280-1.3350 Stop: 1.3195

Buy EURUSD
Entry: 1.3242 Target: 1.3280-1.3350 Stop: 1.3205
buy stop
=
SL LOWERED TO 1.3195
=========================
hit sl with 47pips- in case it trigger your entry!!
also stop in long with gbpusd with 40pips-

msa nsm 18:58 GMT March 6, 2012
audusd good for 1.0621 though long audjpy already.

msa nsm 18:55 GMT March 6, 2012
msa nsm 18:52 GMT March 6, 2012
long : Reply
Buy AUDJPY
Entry: 85.10 Target: open Stop: 84.80

done. breaking rsi resistance TL
________________
Initial target 85.50 then run to test of broken TL

GVI Forex Blog 18:54 GMT March 6, 2012 Reply   
AUD/USD and NZD/USD outlook next 24 hours: Australia’s heavy-duty data week continues with Q4 GDP today, consensus at 0.7%. NZ has wholesale trade – not a market mover. AUD looks oversold intraday and could bounce towards 1.0600 resistance today before continuing its decline below 1.0500. So too the NZD, any rally today capped at 0.8240, with 0.8055 the week-ahead target.

Forex - Morning Report (Westpac)

msa nsm 18:52 GMT March 6, 2012
Buy AUDJPY
Entry: 85.10 Target: open Stop: 84.80

done. breaking rsi resistance TL

dc CB 18:48 GMT March 6, 2012 Reply   


Whatever happened to those All or None days....Up or Down to equivication.

If you look at the Nas chart, you can see that they disappeared...around the time of the Stealth QE3 aka LTRO 1.

Today is looking like Old Times...a None day. If the None holds...that 2:15 Express awaits instructions from VIXAL-4... we may know whether or not those 1 way trading days are back....aka Benny and the Jets need to Print some of that QE3 in the USA.

Mtl JP 18:34 GMT March 6, 2012 Reply   
ECB Balance Sheet Jumps to a Record $3.96 Trillion Amid Lending to Banks BBRG

seems low... just the beginning
Ditto for the US FED .

msa nsm 18:32 GMT March 6, 2012
looking for a signal to go long audjpy, risky but really catchy.

dc CB 18:27 GMT March 6, 2012
pretty good read...just finished it last night and then woke up to..

http://www.guardian.co.uk/books/2011/sep/30/fear-index-robert-harris-review

msa nsm 18:24 GMT March 6, 2012 Reply   
Buy EURJPY
Entry: 105.81 Target: Stop: 105.60

done

Cambridge Joe 18:22 GMT March 6, 2012
Swan Valley Trout

I like to look ahead..... and your set-up being the best of the best gives you a degree of forward vision rare to find !

Cheers !

dc CB 18:12 GMT March 6, 2012 Reply   


nobody in Greece, except the Technocrats, can afford an iPad anyway.

Swan Valley Trout 18:12 GMT March 6, 2012
Joe-

I am not allowed to talk my book because that is somehow a bad idea here. So, I'll talk about yours, if you don't mind. Eur is about to shoot higher, so good for you mate.

Cambridge Joe 17:56 GMT March 6, 2012
Gone long @ 3109. as much as I can, intend to add as things progess thru Asia.

Being scardy-pants, I have sl at 50 below.

I'm confident, but I won't let that cause me to burn the house down if I'm wrong. ;-))

Swan Valley Trout 17:46 GMT March 6, 2012
Boston BR-

If you say that you are short here at 1.3113 then you will have something of substance to reference. It takes some big stones instead of quips and chirps. Are you up to it?

Swan Valley Trout 17:38 GMT March 6, 2012
gl chief

GVI Forex john 17:36 GMT March 6, 2012 Reply   
Global-View.com Forex Heat Map

Forex Trading Tools Index

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Boston BR 17:30 GMT March 6, 2012
gl

Swan Valley Trout 17:25 GMT March 6, 2012
He said many many predictions. Some will come true for sure. Others, not so much.

Swan Valley Trout 17:23 GMT March 6, 2012
Boston BR-

I boght some at 1.3116 and 1.3105. Are you saying that I am fighting the (future) flows? How do you know what will happen in the future? Please share.

Chicago AC 17:22 GMT March 6, 2012
Israel Dil ... another lot of great calls ...Euro-top, silvers-top, crudes-top, DOWs-top etc.

!!! Excellent again !!!


Question now - at which prices are your buy back ranges?
I.e. for gold or silver.

Or are you already going to hold for EURUSD 1.20 and Crude 70 or so ??? That means an ongoing bear market from here for several weeks?

Finally (because of your crude target) ... US/Israel noise about Iran (war) just that ... noise (to eat up all available bulls)????

Swan Valley Trout 17:22 GMT March 6, 2012
Boston BR-

You said the same "fighting flows" thing just before it went up big time several days ago and now you are here puffing like the big traders who were on the right side of the market.

Beijing Laowen 17:21 GMT March 6, 2012
Saar KaL 17:00 GMT March 6, 2012 - My Profile
==============================
KaL, from your point of view, where should be the entry point for GBPJPY to go up ? It looks attractive now. cheers

Swan Valley Trout 17:19 GMT March 6, 2012
Boston BR-

Are you saying it is better to short at these levels? I rode it down for some figures and I posted that here. Now I am buying. Do you post positions or just simple superiority complex chit chat?

Swan Valley Trout 17:17 GMT March 6, 2012
I think there is nothing better to do but buy more euro. So I bought more at 1.3105

It has not choice but go up.

Boston BR 17:16 GMT March 6, 2012
Why are you fighting the flows? There are bailing out of risk positions.

Boston eFX 17:16 GMT March 6, 2012 Reply   
(Dow Jones via eFXnews) Bit by bit, the Australian dollar is having its wings clipped.

Earlier this year, the currency nearly seemed invincible as positive global growth prospects, a strong domestic economy and interest rates over 4% were all fueling a steady rally.

But now, developments in ......

FOREX FOCUS: Clipping The Australian Dollar's Wings (full story)

Cambridge Joe 17:14 GMT March 6, 2012 Reply   
I'm not going in until it lifts.... I hate negative territory, plus, I'm nursing my margin..... so as to pump up the volume some.

My best now is lift-off around 17:45.

Saar KaL 17:05 GMT March 6, 2012
same here with eurusd and adding
it's at bottom now

Swan Valley Trout 17:02 GMT March 6, 2012
I don't know or care about S and P or pork bellies either. I prefer to keep it pure. I am long already. Eur is really basing. The longer the base, the higher into space...

Saar KaL 17:00 GMT March 6, 2012
the best up trend for next 2 months IMO;
GBPJPY tgt 145
EURJPY tgt 126
CHFJPY tgt 103
USDJPY TGT 89

best down side with tgt
usdcad 0.96
usdchf .85

ed kw 16:56 GMT March 6, 2012
s&p pos still down

Swan Valley Trout 16:55 GMT March 6, 2012
Malc,

We are all here to share and talk our books. Peace man.

UK Malc 16:50 GMT March 6, 2012
Trout it is no longer necessary to talk your book. Let the market decide. At the mercy of equities so it seems.

GVI Forex Blog 16:50 GMT March 6, 2012 Reply   
March 6 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, March 7. Updated: Trading Events Calendar:

GVI Forex- Data Outlook for March 7, 2012

GVI Forex john 16:48 GMT March 6, 2012 Reply   



March 6 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, March 7. Updated: Trading Events Calendar:

• Far East: AU- GDP, JP- Lead Indicator.
• Europe: CH- Unemployment, DE- Industrial Orders.
• North America: US- Weekly Mortgages, ADP, Productivity, Weekly Crude.

Swan Valley Trout 16:44 GMT March 6, 2012
Anyone short euro here may need a tall dose of malc of magnesia

GVI Forex 16:39 GMT March 6, 2012 Reply   
Unrelenting risk aversion continues to strengthen the greenback this morning, with FX dealers focused on any news concerning participation rates in the Greek debt swap. Midway through the US morning EUR/USD was hovering near session lows but holding above an hourly channel support line at 1.3090.

TradeTheNews.com US Market Update

Swan Valley Trout 16:36 GMT March 6, 2012
Yes nice support and low risk here, of course.

Swan Valley Trout 16:35 GMT March 6, 2012
Anybody can say "trout for dinner". I take the opposite bet. Few can actually trade successfully. The Troutman will be victorious. Mark my words Malc!

Cambridge Joe 16:31 GMT March 6, 2012
tt Very nice !

Just watch the time..... and watch the charts..... see if you notice anything ! ;-))

Lahore FM 16:29 GMT March 6, 2012
Sell AUDJPY
Entry: 87.77 Target: Stop:

Lahore FM 06:33:20 GMT - 03/05/2012

Sell AUDJPY
Entry: 87.77 Target: Stop: 88.15 for half
Lahore FM 22:08:09 GMT - 03/04/2012

Sell AUDJPY
Entry: 87.77 Target: 82 Stop: 88.60
sold now
--
portion closed at 87.17 now.sl lowered on half part
--
all closed now 87.25 for 252+ in all

Chicago tt 16:27 GMT March 6, 2012
This is why they call it bottom fishing, after the troutman

Lahore FM 16:25 GMT March 6, 2012
Sell OTHER
Entry: 37.06 Target: 32 Stop:

Lahore FM 15:51:53 GMT - 02/29/2012

Sell OTHER
Entry: 37.06 Target: Stop:
Lahore FM 13:36 GMT February 29, 2012 - My Profile
buy gold : Reply
Sell OTHER
Entry: 37.06 Target: 32 Stop: 37.80

Ali sell with me...sold here!

--
half out 36.05.sl to entry on rest

--
all closed now at 32.99 for a a little over 12 % profit of 4 dolls and 7 cents

Lahore FM 16:21 GMT March 6, 2012
Sell Gold
Entry: 1712 Target: Stop: 1682

Lahore FM 10:07:43 GMT - 03/06/2012

Sell Gold
Entry: 1712 Target: Stop: 1712
Lahore FM 12:42:45 GMT - 03/05/2012

Sell Gold
Entry: Target: Stop: 1718
Lahore FM 23:50:51 GMT - 03/04/2012

Sell Gold
Entry: Target: Stop:
secondary gold dump which may well be primary by size likely happening this week..maybe even today.

already short silver above 37 here!
--
closed half of 1712 short at 1699.60 now.stop placed 1718 for remainder half.

--
entry sl now

--
sl to 1682 now to protect 30 dolls profit.

UK Malc 16:21 GMT March 6, 2012
Either that or the market will have trout for dinner.

Cambridge Joe 16:18 GMT March 6, 2012
Swan Valley Trout 16:07

Agreed Trout ! I'm waiting for around 17:15 for more energetic e/$ north.

Managed to long gold @ 14:24 gmt and it's risk free and holding it's own.

I believe that we'll see some much more significant e/$ North as time goes on, especially thru next Asia session.

glgt !

Swan Valley Trout 16:15 GMT March 6, 2012
Trout will get fat and dealers will get skunked and leave with their heads down as they have a smoke and try to calm their nerves

Swan Valley Trout 16:13 GMT March 6, 2012
I have the best equipment. My indicators are the best of the best. Will beat the dealer time and time again. 1.313x is an easy hurdle. Good for those who are long and bad for those who just like to watch levels get taken out without any benefit for themselves.

Swan Valley Trout 16:07 GMT March 6, 2012
Pristine rise of the trout along glassy waters making a powerful splash and leaving rings of ripples as it attacks a tender morsel.
Monroe would be proud.

Swan Valley Trout 16:02 GMT March 6, 2012
Low risk meal for longs here.

Boston eFX 16:00 GMT March 6, 2012 Reply   
USD/JPY needs to hold above 80.22, says Commerzbank technical analyst Axel Rudolph, as below this cloud support opens risk toward Fibonacci support at 80.42 and then the psychologically-important 80.00.

First resistance is the.....

Commerzbank: USD/JPY Needs To Hold Above 80.22 (full story)

User 15:43 GMT March 6, 2012 Reply   

KB's Trading Plan

Richland QC Mailman 15:33 GMT March 6, 2012
With usd/cad released, we have sold the pair with stops above today's high. TIME for this one to CRUMBLE.

Swan Valley Trout 15:27 GMT March 6, 2012
Bought at 1.3116 hook line and sinker

Swan Valley Trout 15:09 GMT March 6, 2012
The snake river is bending the other way and Euro is now moving higher.

msa nsm 15:08 GMT March 6, 2012
I admire the way Rana trades.....he takes a trade in line with positive swap n holds it for long term allowing for negative moves of upto 200 pips but the swing eventually does take place from longterm pivots, so it's a swap comm win n profit.... Perfect though must have huge equity

GVI Forex john 15:03 GMT March 6, 2012


Canadian Ivey PMI much stronger than expected....

GVI Forex john 15:00 GMT March 6, 2012

New England Pyke 14:56 GMT March 6, 2012
..Leave trading to the rpos.You will land into a hot oven like your "cousin Zeus"....Then you will be known as "Smoked Trout"....

Swan Valley Trout 14:50 GMT March 6, 2012
Fundamentalists and anticipators may have difficulties with risk control because a trade keeps looking ‘better’ the more it goes against them.

Dubai SAS 14:24 GMT March 6, 2012
Dubai SAS 15:13 GMT March 2, 2012
Buy EURUSD
Entry: 1.3190 Target: Open Stop: Later

Long now ......

Order to add another @ 1.3090 ..

Swan Valley Trout 14:22 GMT March 6, 2012
Swan Valley Trout 20:27 GMT February 23, 2012
Spike opens floodgates to clean out mother of all sediment downstream.
_______________________________________________________
Seeing some great tributary restoration

hk ab 14:19 GMT March 6, 2012
1 addition 1670

hk ab 14:11 GMT March 6, 2012
small long from here 1678.5

Boston eFX 14:08 GMT March 6, 2012 Reply   
(Dow Jones via eFXnews) Greece's international creditors are considering whether to grant the country a small, tranche of the EUR130 billion bailout agreed earlier this month in the weeks ahead as part of efforts to pump liquidity into the country's moribund economy.

Speaking to the privately owned Mega television channel Tuesday, Deputy Finance Minister Philippos Sachinidis said the money would go to paying off some of the EUR6 billion in accumulated arrears that the Greek government owes private contractors. He added that the disbursement could come before Greece goes to elections that are widely expected to be held in late April.

"There is a discussion that......

Greece May Receive Aid Tranche In Next Few Weeks To Pay Arrears (full story)

hk ab 14:04 GMT March 6, 2012 Reply   
RF, from the sentiment in the bucket shop, it seems the 1660 is too focused by many traders, we might need to lift off from here. Iwill be sideline for 2 more hours @ here.

Mtl JP 14:03 GMT March 6, 2012
john 14:00 y, usd has got the bid.
for now.

GVI Forex john 14:00 GMT March 6, 2012
DAX -124

futures:
DJ -105
SP -13

Tight correlation with EURUSD today.

hk ab 13:57 GMT March 6, 2012 Reply   
close all except 1 lot from 1690.....

Fx Trading Discussion 13:41 GMT March 6, 2012 Reply   

USDJPY Trading Plan

Cambridge Joe 13:41 GMT March 6, 2012 Reply   
Unless all bets are off and Euro is now on it's way to Hades, then I'm seeing signs of retracement / stabilisation occurring around Midnight GMT thru to around 07:00 GMT on 7/ March.

This is from the hourly chart, so the moves are slower. Of course it depends on CB intervention or not, as well......

glgt.

HK RF@ 13:35 GMT March 6, 2012 Reply   
That banks are depositing huge amounts with the ECB, shows of some fear of markets disarrays regarding some information we don't know. Maybe another scam at our door:)

HK RF@ 13:29 GMT March 6, 2012
Correction to my previous post I meant such a decline may reach the 65WklySma. Thus this level should be watched carefully if seen. If the price will stabilize there, a recoil may follow. On the other hand if prices will slice through that said average, this is another world.

GVI Forex Jay 13:25 GMT March 6, 2012 Reply   
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HK RF@ 13:17 GMT March 6, 2012
I think one has to be cautious this time, really don't know how the world will look few days from now.

But one as in previous events of fast decline has to check the behavior of the price near the 65 Sdma if seen.

kl fs 13:15 GMT March 6, 2012 Reply   
will definitely long gold if 1668 is seen

msa nsm 13:08 GMT March 6, 2012
hi HK, i was actually inquiring about a point where you would turn long with its sl, thanks

LDN bt 13:05 GMT March 6, 2012
BT- I think the BIS often comes in with transactions for parties which are not policy related. Dealers tell me to ingnore them unless they are persistent.

hk ab 12:52 GMT March 6, 2012 Reply   

Entry: 1690 Target: 1600 Stop: 1705.5

ok, short here.

add if 1697 subsides, if not, will add in front of s/l and all with tight s/l there.

GVI Forex john 12:27 GMT March 6, 2012 Reply   

TALKING-FOREX Click FX SQUAWK on Navigation Bar. Click SPEAKER Icon at top right of squawk page for live audio. M-F 6:30-21:30 GMT.

London BT 12:16 GMT March 6, 2012 Reply   
Talking Forex said unconfirmed chatter of BIS bid in eurusd. There seems to be a bid at 1.3130 but it has had little lift off that level.

GVI Forex john 12:16 GMT March 6, 2012 Reply   
Global-View.com Forex Heat Map

Forex Trading Tools Index

Refresh Forum MANUALLY to update table

hk ab 12:10 GMT March 6, 2012
RF, any new level to short again?

I am thinking 1697.....

GVI Forex Blog 12:06 GMT March 6, 2012 Reply   
Dollar-Swiss has risen past 0.9150. It may now rise to 0.9200 and 0.9230.

FX Thoughts for the day : 06-Mar-2012 - 1204 GMT

HK RF@ 11:58 GMT March 6, 2012
I thought you are short gold.

msa nsm 11:50 GMT March 6, 2012
I think 1705 may serve as a s/l
you mean 1605

GVI Forex 11:41 GMT March 6, 2012 Reply   
The euro slipped to a two-week low versus the dollar and higher-yielding currencies fell on Tuesday as worries over euro zone debt and the global economy pushed investors away from riskier assets

FOREX NEWS - High-yielding FX slide on growth worries; euro wobbles

GVI Forex john 11:38 GMT March 6, 2012

• Key Items: U.S.- API, CA- Ivey PMI.

• As expected, the Reserve Bank of Australia (RBA) kept rates steady today (4.25%), but signaled the possibility of future ease.

• On Thursday, the RBNZ, ECB and BOE will make policy decisions. All three are seen keeping policies on hold. Their biases will be closely followed.

•  U.S. monthly employment data are set for Friday. ADP private employment data on Wednesday will have a strong influence on market expectations for Friday. 

• The struggle over Greece continues as there remains a question whether an official default will be declared. 

• Today is "Super Tuesday" for the Republican presidential primaries. data The outcomes for a number of key states will be watched as that party struggles to select its candidate to run against President Obama in National elections in the fall.

GVI Forex Blog 11:32 GMT March 6, 2012 Reply   
Key Items: U.S.- API, CA- Ivey PMI. As expected, the Reserve Bank of Australia (RBA) kept rates steady today (4.25%), but signaled the possibility of future ease. On Thursday, the RBNZ, ECB and BOE will make policy decisions. All three are seen keeping policies on hold. Their biases will be closely followed.

Forex Trade Talk 11:00 GMT 6 March 2012

GVI Forex Jay 11:32 GMT March 6, 2012 Reply   
11:25 GMT (Global-View.com) March 6 - Cloudy skies continue to loom over the EURUSD on Tuesday as the market looks ahead to key events later in the week. This has seen a break of daily channel support (1.3155) after the pause above it yesterday.

Forex Weat5hermap - EURUSD

Boston eFX 11:29 GMT March 6, 2012 Reply   
(Dow Jones via eFXnews) Use of the European Central Bank's overnight deposit facility increased Monday breaking records again, compared with Friday, ECB data showed Tuesday.

Banks deposited EUR827.534 billion with the ECB Monday, the third record high in a row after Friday's EUR820.819 billion.

The high level of overnight deposits reflect the ....

ECB Overnight Deposits Break Record Again Monday (full story)

HK RF@ 11:29 GMT March 6, 2012
I think 1705 may serve as a s/l

Boston eFX 11:20 GMT March 6, 2012 Reply   
(Dow Jones via eFXnews) Credit Suisse sees further AUD underperformance and expects AUD/USD to trade at 1.03 in three months' time.

The bank's AUD rates strategist "expects....

Credit Suisse Sees Further AUD Underperformance (full story)

Saar KaL 11:16 GMT March 6, 2012
Normally would do 2 sigma
some are off
lots of reversals happening


1.3568 EUR/USD High
1.3125 EUR/USD Low

83.4050 USD/JPY High
80.9172 USD/JPY Low

0.9253 USD/CHF High
0.8801 USD/CHF Low

1.6086 GBP/USD High
1.5705 GBP/USD Low

1.0048 USD/CAD High
0.9742 USD/CAD Low

0.8492 EUR/GBP High
0.8306 EUR/GBP Low

111.6850 EUR/JPY High
107.5639 EUR/JPY Low

1.2278 EUR/CHF High
1.1817 EUR/CHF Low

1.0961 AUD/USD High
1.0507 AUD/USD Low

132.7514 GBP/JPY High
128.3244 GBP/JPY Low

93.2026 CHF/JPY High
88.6800 CHF/JPY Low

1.4644 GBP/CHF High
1.4050 GBP/CHF Low

0.8517 NZD/USD High
0.8118 NZD/USD Low

GVI Forex 11:14 GMT March 6, 2012 Reply   
Dealers noted of a growing concerns about the knock-on effect of the Greek debt swap which was dampening risk appetite sentiment throughout the session. The Asian equity session was Dealer chatter circulated that Greece Govt might extend deadline for PSI which added to risk aversion flows. The denial by the Greek govt of any extension of the deadline did not do much to improve sentiment in the session. The IIF warning of the consequences of a hard Greek default appeared to be the dominate theme in the session.

TradeTheNews.com European Market Update: Growing concerns about the knock-on effect of the Greek debt swap gives risk aversion sentiment momentum

msa nsm 11:08 GMT March 6, 2012
what i mean is what is your sl on the same. thanks

msa nsm 10:58 GMT March 6, 2012
kindly define the position on the same. thanks

GVI Forex Blog 10:47 GMT March 6, 2012 Reply   
10:45 GMT (Global-View.com) March 6- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is opening Tuesday in North America at .5161, +0.48% from its Monday close (-4.07% vs. end-2010).

Global-View D.O.G. Index March 6, 2012 U.S. Open

HK RF@ 10:45 GMT March 6, 2012
msa nsm 10:37 GMT

Brace for 1650.

GVI Forex john 10:44 GMT March 6, 2012 Reply   
10:45 GMT (Global-View.com) March 6- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is opening Tuesday in North America at .5161, +0.48% from its Monday close (-4.07% vs. end-2010).

As for its key subcomponents, the USD forex purchasing power index is .7781, -0.34% (-0.01% 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 .1707, +1.12% (-15.84% end-2010).

Against crude, it is at 0.4208, +0.78% (-13.71% 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).

HK RF@ 10:44 GMT March 6, 2012
msa nsm 10:37 GMT

Brace for 1650.

msa nsm 10:37 GMT March 6, 2012
Any1 going long gold now?

Brock Thor 10:33 GMT March 6, 2012


HK RF

Agreed.

HK RF@ 10:25 GMT March 6, 2012 Reply   
Maybe it is only an impression; But a spirit of serious crisis is looming over the markets. So NFP may not reach to give the show it deserves.

Lahore FM 10:07 GMT March 6, 2012
Sell Gold
Entry: 1712 Target: Stop: 1712

Lahore FM 12:42:45 GMT - 03/05/2012

Sell Gold
Entry: Target: Stop: 1718
Lahore FM 23:50:51 GMT - 03/04/2012

Sell Gold
Entry: Target: Stop:
secondary gold dump which may well be primary by size likely happening this week..maybe even today.

already short silver above 37 here!
--
closed half of 1712 short at 1699.60 now.stop placed 1718 for remainder half.

--
entry sl now

GVI Forex john 10:00 GMT March 6, 2012

hk ab 09:55 GMT March 6, 2012 Reply   
Then, the bear knows the honey at 1661 and 1600.....

HK RF@ 09:28 GMT March 6, 2012
hk ab 09:26 GMT

Da bears not da sharks. Remember the bear hug? :)

hk ab 09:26 GMT March 6, 2012 Reply   
the sharks definitely smell the blood....

Saar KaL 09:18 GMT March 6, 2012 Reply   


a picture speaks a thousand words

IN SG 08:52 GMT March 6, 2012 Reply   
Buy OTHER
Entry: 33.77 Target: 33.90 Stop:

Short term position.

Beijing Laowen 08:29 GMT March 6, 2012
135 is also in my card Kal. lol.

ed kw 08:04 GMT March 6, 2012
Sell AUDNZD
Entry: 1.3008 Target: 1.2962 Stop: 1.3055

aud/nzd poss,long term trade to down trend started

hk ab 07:59 GMT March 6, 2012 Reply   
is the horrid story repeating again? 1522 in 3 hrs?

Saar KaL 07:40 GMT March 6, 2012
gbpjpy wants 1.45 in a month or so

GVI Forex Blog 07:13 GMT March 6, 2012 Reply   
(AU) RESERVE BANK OF AUSTRALIA (RBA) LEAVES CASH TARGET RATE UNCHANGED AT 4.25%, AS EXPECTED >- (AU) AUSTRALIA Q4 CURRENT ACCOUNT BALANCE (A$): -8.4B V -8.0BE; NET EXPORTS OF GDP: 0.3% V 0.0%E - (

TradeTheNews.com Asian Market Update: RBA leaves rates on hold, reiterates scope

ed,ca kw 07:10 GMT March 6, 2012
CNY China,thay say that 1700. is were be adding gold bars,

hk aB 06:39 GMT March 6, 2012 Reply   
It looks like stox mkt are not very stable.

A collapse of EU mkt may spark the gold sell off.....

msa nsm 06:08 GMT March 6, 2012 Reply   
hi pals, anyone know a good material/book on trading breakouts using TL and fib levels? that would be greatly appreciated

KL KL 05:39 GMT March 6, 2012
RF, ab

these $100 raid on down move for gold have been occuring when one least expect...... one in Asia time...one New York time....lets hope one in Europe early time while I am still awake.....;-0....LOL

Wonder when will there be a up move raid like $100 on gold ...that will scare everyone from trading gold.....which reminds me better delete all my LIMIT deals before I sleep...trust no one!!

Boston eFX 05:03 GMT March 6, 2012 Reply   
(Dow Jones via eFXnews) Morgan Stanley continues to think the Federal Reserve will provide more stimulus via bond buying this year, even as improving economic data have led many in the market to think the sun may be setting on that particular strategy.

"For some time, our call has been that the Federal Reserve will undertake additional balance-sheet action in the first half of 2012," writes Vincent Reinhart, an economist with the bank and a former top-level Federal Reserve staffer.

He argues it's ....

FED WATCH: Morgan Stanley Still Sees Strong Chances For QE3 (full story)

GVI Forex Blog 04:47 GMT March 6, 2012 Reply   
A small dip in the Dow (12962.81, -14.76, -0.11%) last night.

Morning Briefing : 06-Mar-2012 -0443 GMT

HK RF@ 04:02 GMT March 6, 2012
KL KL 03:47 GMT March 6, 2012

Gold may drop under the power of gravity:)

Or by bored traders:) Too much time in consolidation, so we can assume the bears have accumulated more positions.

Syd 03:49 GMT March 6, 2012 Reply   
At its meeting today, as widely expected, the RBA Board decided to leave the cash rate unchanged at 4.25%.

In its statement on Monetary Policy, RBA Governor Glenn Stevens struck a dovish tone saying that CPI inflation has declined as expected and will fall further over the next quarter or two, as it now stands around 2½ %. “Over the coming one to two years, and abstracting from the effects of the carbon price, the Bank expects inflation to be in the 2–3 per cent range,” the statement read. The central bank also noted that the Australian economy continues to suggest growth is close to trend overall.

The board announced that, “With growth expected to be close to trend and inflation close to target, the Board judged that the setting of monetary policy remained appropriate for the moment. Should demand conditions weaken materially, the inflation outlook would provide scope for easier monetary policy.”.

KL KL 03:47 GMT March 6, 2012
RF, ab

the only bear blow will be this Friday NFP.....meanwhile gold is damaged and trapped......imvho...but the middle east is always gold hidden cards....then again...I try not to long or short and hold for too long....for what its worth....markets can crash even without any rational reason....like Flash Crash...Gold Drop $100.....only cheap words to explain....the scam...


looks like sell aussie on sike was good....and sell gold...

brisbane jms 03:46 GMT March 6, 2012 Reply   
AUDUSD
Entry: Target: Stop:

RBA Statement

With growth expected to be close to trend and inflation close to target, the Board judged that the setting of monetary policy remained appropriate for the moment. Should demand conditions weaken materially, the inflation outlook would provide scope for easier monetary policy. The Board will continue to monitor information on economic and financial conditions and adjust the cash rate as necessary to foster sustainable growth and low inflation.

hk ab 03:44 GMT March 6, 2012
RF, thanks very much.

What do you see aud from here?

HK RF@ 03:41 GMT March 6, 2012 Reply   
ab

I think gold by tomorrow will just be lower than today.

Two good level to consider buying gold are 1660/70 and possibly at ~1600. if seen

hk ab 03:40 GMT March 6, 2012 Reply   
the pair doesn't move much, relatively.

What's the aud announcement? btw.

hk ab 03:37 GMT March 6, 2012 Reply   
anyone has aud scalp position?

HK RF@ 03:36 GMT March 6, 2012
Since the price slump of previous Wed. gold has been under market-bear-hug situation. The next may be another bear blow, an ideal condition when we are under weekly key reversal.
Looks like gold should be sold on bounces.

Syd 03:35 GMT March 6, 2012 Reply   
http://www.cnbc.com/id/46633418

KL KL 03:31 GMT March 6, 2012
ok out gold 1705.27....thats morwe than 100 pips.....back to sleep??...LOL

hk ab 03:27 GMT March 6, 2012
RF, any view on gold for today?

HK RF@ 03:24 GMT March 6, 2012 Reply   
Some support at 1.0570, after possible consider long there.

Open 03:23 GMT March 6, 2012 Reply   

EUR/USD Daily Asia Outlook 03/06

Open 03:20 GMT March 6, 2012 Reply   

GBP/USD Daily Asia Outlook 03/06

Open 03:18 GMT March 6, 2012 Reply   

USD/CHF Daily Asia Outlook 03/06

Open 03:15 GMT March 6, 2012 Reply   

USD/CAD Daily Asia Outlook 03/06

KL KL 03:03 GMT March 6, 2012
true....but my problem is it might spike lower then move higher back to 1.08....like in so many RBA decision day....unless there is a 50-50 chance. This one people like 99.99% know they are not going to drop. So If I want to long for scalp I might just wait on a go no where day....LOL

anyway bought gold again 1704....lets see this one spike up or not....playing one instrument is easier at the moment...

hk ab 02:53 GMT March 6, 2012
also noted how Asian dump the gold as well.... Sth is being brewed....

hk ab 02:53 GMT March 6, 2012
KL, shouldn't we buy now to anticipate the spike higher later?

KL KL 02:47 GMT March 6, 2012
me thinking like that too....wonder how high the spike up will be .... GDP figure was out earlier.... so so...... I think Sell Eurusd on spike in concert with Audusd is better....one ....the economy is in question...the other ...the whole zone is a SHAMOZZLE....LOL.....;-))... no prize for guessing which Zone is in shambles...but the lies continues...

Seattle SL 02:40 GMT March 6, 2012 Reply   
Sell on spike up on RBA no change?

KL KL 01:58 GMT March 6, 2012 Reply   
trying some long Gold here 1705 cover 1706 or near 100 pips....stops 1703.....lets see if I can swing trade.....LOL

Looks like range bound until RBA decision...then maybe POP??.....

Boston eFX 01:15 GMT March 6, 2012 Reply   
(Dow Jones via eFXnews) The EUR/USD will likely retrace towards 1.2500 over the next three months from 1.3218 now given the extent and scale of the ECB's massive offer of cheap loans for banks, say UBS FX strategists in a note.

"With the ...

UBS: ECB's LTRO Likely To Send EUR/USD To 1.2500 (full story)

Beijing Laowen 01:02 GMT March 6, 2012
FWIW, as long as it above 1.3140, BOD is valid. However, the intraday pivot is at 1.3208, so, if any pattern good for long around there, just buy and s/l @1.3180.

Chicago DV 00:22 GMT March 6, 2012
Laowen, BOD below 1.32 or above?.

Beijing Laowen 00:11 GMT March 6, 2012
BOD Euro and E/J should be the strategy for today.