Forex Forum Archive for 03/09/2012

dc CB 22:50 GMT March 9, 2012 Reply   
The MF Global Holdings Ltd. executives who oversaw the company before it failed last year should get bonuses this year if a bankruptcy court approves, said Frank Piantidosi, an adviser working with the trustee, Louis Freeh.

The compensation packages are still being prepared, and would apply to three top executives: Bradley Abelow, Chief Operating Officer; Laurie Ferber, General Counsel and Henri J. Steenkamp, Chief Financial Officer, Piantidosi of Freeh Group International Solutions LLC said in an e-mail.

“The value that Brad, Henri and Laurie bring by helping to liquidate and recover assets for the estate outweighs the cost to retain them,” Piantidosi said. It would cost more to replace them with outside consultants less familiar with MF Global’s operations

The bonus amounts for the three executives would be less than they made prior to the bankruptcy

Cambridge Joe 22:48 GMT March 9, 2012
AMS T 21:38 GMT March 9, 2012

I've been thru the times/dates and levels and I cannot match your figures.

If you are really, honestly trading at $80 per pip and the entry time /dates /direction are correct, then I make that you earned $5760 net.

Perhaps I have it wrong. I couldn't get the values if I used the time / dates only with a tolerance of 10 pips or so, even on the 1 minute chart.

Anyway, if you are trading at that level and only getting that return after horrendous negative territory..... then I am amazed that you survived the stress.

That you didn't get margin called can only mean that your account is very well stacked !

Your return on investment must be abysmal, percentage wise or any way you look at it.

But.... you did and came out in the black, just, well done to you. Have a stress free weekend, you earned it !



stretch test : Reply
Trade Set-Up
Entry: Target: Stop:

2012.03.02 04:51 buy 8.00 eurusd 1.3257
2012.03.08 closed 17:18 1.3272 -147.79 -1 200.00
2012.03.05 23:36 buy 8.00 eurusd 1.3196
2012.03.08 closed 17:18 1.3272 -63.26 -6080.00
2012.03.06 14:50 buy 8.00 eurusd 1.3116
2012.03.08 closed 17:18 1.3272 -63.26 -12 480.00

Boston eFX 22:43 GMT March 9, 2012 Reply   
Dow Jones via eFXnews) Allen Stanford, who was finally convicted for his $7 billion fraud Tuesday, was a far more colorful Ponzi scheme perpetrator than Bernie Madoff, yet somehow Madoff gets all the love.

One of the greatest actors of our time, Robert De Niro, is slated to play Madoff in a movie based on a best-selling book. Who is going to play Stanford? So far, nobody. Not even Gary Busey.

You read about "mini-Madoffs" all the time. You never ...

Stanford Has Been Cheated By Madoff (full story)

Boston eFX 22:28 GMT March 9, 2012 Reply   
(Dow Jones via eFXnews) Is Europe fixed?

Greece got its debt restructuring, and bailout funds are coming. Banks across the continent have gorged on cheap cash, in some cases enough to cover their financing needs for years. Yields have dropped across the euro-zone periphery. Investors are, dare we say it, bullish.

So why worry?

Because there are two fundamental problems that haven't yet been solved.

The first is ....

MONEY TALKS: Europe's Just Bandaged, Not Fixed (full story)

dc CB 22:24 GMT March 9, 2012


J Yen cross of Comm and Specs seem to be trending

dc CB 22:19 GMT March 9, 2012


gold

dc CB 22:19 GMT March 9, 2012 Reply   


COMEX Silver

this and the following Gold include the Raid Day last week in the calculations

AMS T 21:38 GMT March 9, 2012 Reply   
Trade Set-Up
Entry: Target: Stop:

2012.03.02 04:51 buy 8.00 eurusd 1.3257
2012.03.08 closed 17:18 1.3272 -147.79 -1 200.00
2012.03.05 23:36 buy 8.00 eurusd 1.3196
2012.03.08 closed 17:18 1.3272 -63.26 -6080.00
2012.03.06 14:50 buy 8.00 eurusd 1.3116
2012.03.08 closed 17:18 1.3272 -63.26 -12 480.00

thought lost my shorts this week, Tranquility Lost: Salute long johns ... Somewhere!

Saar KaL 21:27 GMT March 9, 2012
what time does the mkt close
still running here

GVI Forex john 21:16 GMT March 9, 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.

KL KL 20:38 GMT March 9, 2012
Central Kwun

Sometimes I play opposite to my opposite mind..... anyway I trade so short term it does not matter...all out now gold 1711....don't like to hold much over weekend....but if 1713.3 seen again I will short and get out again....range is 1710-1713....so still more bias short now...was bias yesterday...so more bias today....monday...could be even more more bias or sudden gold bug....LOL

Apple shorts stops taken....so wait to reshort higher.....maybe moon day was turn higher?? maybe fake out.....next week another story....Jobs data keeps revising up means good LIES for re-election for Obama.....USA on recovery trail....if you believe the news and reporters being Greased by $$$$$$$..... No such thing as honest media tv, reporters/journalist....they are paid more then $1 million and do not want to down grade their lavish lifestyle either..... So they keep reporting the Lies that make them good money....its a Ponzi media world....that is my rant for today!!

Streets of USA does not reflect the reality of media....

dc CB 20:24 GMT March 9, 2012 Reply   
Oil major ConocoPhillips, billionaire investor Carl Icahn, Coca Cola and giant energy trader Mercuria are among a crop of previously unnamed, high-profile former clients of bankrupt futures brokerage MF Global, an examination of claims filed in the case shows.

Fifty of MF Global's bigger former customers -- including large hedge funds, multinational powerhouses, and other major traders -- had about $1.2 billion lodged with MF Global when it collapsed, according to a Reuters analysis of about 10,000 of the nearly 28,000 claims in the case.

Together these top 50 accounted for more than a fifth of the broker's total customer funds.

Most large investors have kept their exposure to MF Global under wraps, while farmers, ranchers and individual traders have sounded off to the media

dc CB 20:12 GMT March 9, 2012
ISDA Decision Follow up
Decision was unanimous

Determinations Committee Decision

quick view of the document....short...only thing to really take in is the 15 members on the list.

Who's Your Daddy

Central Kwun 20:11 GMT March 9, 2012
agree, EUR stay firm above 1.310, really strong support. Buy Gold as well,

Saar KaL 20:07 GMT March 9, 2012 Reply   
news effect the mkt is just myth
this leg north w/ eurusd IMO will end at around 1.42
by mid april
the leg after dat...is dive into 1.25

Central Kwun 20:06 GMT March 9, 2012
KL, if follow trend, then should long Gold, if using this news still can't push EUR down, then Gold must up, throw USD away.

GVI Forex Blog 20:03 GMT March 9, 2012 Reply   
20:00 GMT (Global-View.com) March 9- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is ending Friday in North America at .5165, +0.61% from its Thursday close (-4.00% vs. end-2010).

Global-View D.O.G. Index March 9, 2012 U.S. Close

KL KL 20:00 GMT March 9, 2012 Reply   
Top of the morning....

Just shorted gold 1713..1713.7...trying to add more and type....then suddenly 1712.6....wait and see.....so kept adding short a bit higher and chasing them lower....

Must be Euro zone news.....Follow trend.....LOL

covering some here 1711.5.....rest nice average in 1713.35....will add again 1712.4 if seen soon.....Party is over....now for the next euro zone country....after the Greece lies

Central Kwun 20:00 GMT March 9, 2012
Then long EUR

GVI Forex john 19:57 GMT March 9, 2012
Kwun- by now its old news.

GVI Forex john 19:56 GMT March 9, 2012 Reply   
20:00 GMT (Global-View.com) March 9- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is ending Friday in North America at .5165, +0.61% from its Thursday close (-4.00% vs. end-2010).

As for its key subcomponents, the USD forex purchasing power index is .7820, +1.00% (+0.49% 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 .1683, -0.79% (-17.06% end-2010).

Against crude, it is at 0.4164, -0.39% (-14.61% 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 19:52 GMT March 9, 2012 Reply   
why totally no reaction on EUR for this news? All sleeping?

GVI Forex john 19:40 GMT March 9, 2012 Reply   

JERUSALEM KB 19:06 GMT March 9, 2012
Buy Crude
Entry: 108.37 Target: 110.65 Stop: 106.70

a buy stop at place
don`t miss this one

JERUSALEM KB 19:04 GMT March 9, 2012
Crude
Entry: Target: Stop:

Crude
Entry: Target: Stop:
if the current candle close below the trend line , i will close long and look for another fresh signal
============
talking about oil
have a nice week end
============
closed long now

JERUSALEM KB 19:03 GMT March 9, 2012


Gold
Entry: Target: Stop:

weekly chart

Central Kwun 19:02 GMT March 9, 2012 Reply   
Gold is not easy to drop, long Gold

Lahore FM 19:00 GMT March 9, 2012
Kal expect some risk off monday so gbpcad can rise to 1.58

HK RF@ 18:51 GMT March 9, 2012 Reply   
Daily RSI could not cross the 50(now 48.50).

This week the downtrend may have been arrested, but things may be left undecided for next week.

Syd 18:48 GMT March 9, 2012 Reply   


Earlier this morning, Greece said that 85.8 percent of its private creditors were on board with the controversial debt swap deal. And with the collective action clauses (CAC) expected to be triggered, the total participation rate is estimated to jump to 95.7 percent.

From today's Cashin's Comments:

Chicago tt 18:48 GMT March 9, 2012
Trout are you planning to carry your longs over the weekend or tossing the fish backj in the water?

Saar KaL 18:35 GMT March 9, 2012
fm
hi...what do you think of gbpcad around these levels?
good swing till 1.58 area?
Thanks

Lahore FM 18:21 GMT March 9, 2012
Sell Gold
Entry: 1711.50 Target: Stop: 1724

sold now.

dc CB 18:10 GMT March 9, 2012 Reply   


The U.S. government last year announced a $10 million award, dubbed the “L Prize,” for any manufacturer that could create a “green” but affordable light bulb.

Energy Secretary Steven Chu said the prize would spur industry to offer the costly bulbs, known as LEDs, at prices “affordable for American families.” There was also a “Buy America” component. Portions of the bulb would have to be made in the United States.
Now the winning bulb is on the market.

The price is $50.
Retailers said the bulb, made by Philips, is likely to be too pricey to have broad appeal. Similar LED bulbs are less than half the cost.

Government-subsidized green light bulb carries costly price tag

dc CB 17:53 GMT March 9, 2012
Ind! Rafe... 17:14 GMT
gold: Reply
additionally when the big players before they make decisions they always have consultants, etc..
++++++++++++++++++++++++++++++++++++++++++

I hope you are not confusing the gold/silver market with a freely traded un-manipulated market.

There are no rules or regulations that are inforced in the US paper (COMEX) market.. Banks with access to Free Money from the Fed are able to "create" futures contracts at will and flood the COMEX with this unbacked paper at virtually no cost.

matsudo rana 17:25 GMT March 9, 2012
Sell S&P
Entry: 1373 Target: open Stop: later

sold small one....happy trade

matsudo rana 17:24 GMT March 9, 2012
Sell OTHER
Entry: cadjpy 83.40 Target: open Stop: 83.90

sold...happy trade,

matsudo matsudo 17:22 GMT March 9, 2012 Reply   
Sell USDJPY
Entry: sold more 82.55 avd 82.40 Target: 76/68 Stop: 83.4

sold more.......................happy weekend to all,

GVI Forex Blog 17:20 GMT March 9, 2012 Reply   
March 9 (global-view.com) UPCOMING DATA HIGHLIGHTS for Monday, March 12. Updated: Trading Events Calendar:

GVI Forex- Data Outlook for March 12, 2012

GVI Forex john 17:18 GMT March 9, 2012 Reply   



March 9 (global-view.com) UPCOMING DATA HIGHLIGHTS for Monday, March 12. Updated: Trading Events Calendar:

Saturday/Sunday: CN- Trade, US/CA- Clocks Spring forward.


• Far East: JP- Machinery Orders, CGPI, BOJ.
• Europe: No major data.
• North America: US- 3 yr.

msa nsm 17:17 GMT March 9, 2012
Thanks Rafe,really appreciate the insights and advice...actually jotting it down now..

Ind! Rafe... 17:14 GMT March 9, 2012
additionally when the big players before they make decisions they always have consultants that do their analysis for them meaning fundamental analysis and they have models that give outputs based on those inputs etc...

JERUSALEM KB 17:13 GMT March 9, 2012
Crude
Entry: Target: Stop:

if the current candle close below the trend line , i will close long and look for another fresh signal
============
talking about oil
have a nice week end

JERUSALEM KB 17:12 GMT March 9, 2012


if the current candle close below the trend line , i will close long and look for another fresh signal

msa nsm 17:11 GMT March 9, 2012
Those are my personal views and not to be taken as recommendations.

I totally agree on the accelerated move but doesn't it make you wonder why the price was showing signs of bullish bias prior? They know..."don't let them fool yaa, don't let them destroy yaa" bob marley "they don't really care about us" MJ :))

Ind! Rafe... 17:09 GMT March 9, 2012
msa nsm 16:57 GMT March 9, 2012

The answer to that riddle is easy... the banks customer does it... lol.

The customer has to go through a dealing desk for large deals or through his account representative the banks will put in the trade in smaller amounts so as to not scare the market and cause a speculative run.

Ind! Rafe... 17:03 GMT March 9, 2012
msa nsm 16:50 GMT March 9, 2012

When you step aside, just open up a chart of a higher time frame like daily, weekly, monthly and sooner or later you'll develop a feel for the pair...

A key is that a false breakout when you see one is an indicator for a healthy trend, it signifies the true trend as determined by the big players you talk about is in the opposite direction to the breakout.... so if we have a false breakout to the top the trend is down and if the false breakout is down the trend is up but to see false breaks clearly you need to examine daily and weekly charts or simply look for a failure swing on the RSI. You'll become very successful eventually once you understand these points.

The latest failure swing point came a few days back when we touched 1.3485 in euros then broke down to current levels.

msa nsm 16:57 GMT March 9, 2012
Rafe the cb and other players I believe share a network just like you and me now...eg.I'm a banker by profession and we do fx, mostly we take clues from our corresponce bank in the uk and us for anything significant....this is just a small fraction right? But ever wonder who passes on that leak to my correspondence bank and we back in Kenya as a bank learn of the same?

msa nsm 16:50 GMT March 9, 2012
I'm a novice trader and highly dependent on techs. Instances when there is significant news or data due soon and the techs don't give me a clear direction, I definitely sit with crossed hands and watch..this happens once in a while in my observations but when it does the market turns very volatile. No matter what the news or data due to come out, there are players amidst the presenters and their close allies whole pass it amongst themselves and they make moves before, this is what I try to search for in the charts absent to see that configured in my charts I steep aside

Saar KaL 16:49 GMT March 9, 2012
GBPCAD Should start a reversal to north

southport DHM 16:48 GMT March 9, 2012
nsm - i agree. Candle formation (as an example) give us a clue. For me, this was a nice clear long for gold - however, I did not anticipate the sharp move we saw in only 1 hour - i was expecting that 1hr candle to play out into Sunday asia trade, so like a 12-15 hr move.

On GVI a post was made that there was some "chatter" about US attacking Syria or Iran and that caused the "accelerated" move.

So that explains the SPEED of the move - but the clue was already there BEFORE.

What is always nice is when TECHS and FUNDYS line up - increased odds of a successful trade.

Ind! Rafe... 16:46 GMT March 9, 2012
msa nsm 16:40 GMT March 9, 2012

A clue I will give you about the big players and by big I mean treasuries of banks, big companies, hedge funds and CB's etc.

They are in different countries, timezones, cultures (english and non english) how will they make the same decision in the same time frame and thus end up influencing a trend?

just a wondering thought...

southport DHM 16:41 GMT March 9, 2012


although i am overall bullish Gold - JJM noted the 38% retrace level - also the top of a small channel (bear flag).

My hourly charts are still short term negative - so this could be a nice fake out to wash out some new shorts prior to one more sharp move down - need to see how the weekly candle looks before forming my battle plan for next week.

msa nsm 16:40 GMT March 9, 2012
what I'm trying to pass across is that whatever news is due out it's highly probable that it's been factored in the price before by the big players and as such the price action adjusts before giving us a hint of what might happen, there are some instances though when it takes everyone by surprise and hence the unexpected spikes and whipsaws....this is my one cent view

GVI Forex Blog 16:37 GMT March 9, 2012 Reply   
US equity markets are racking up solid gains this morning, on the three-year anniversary of the March 2009 lows. Another very good US employment report and the successful Greek debt swap are girding the bid in equities, although traders are still waiting nervously to hear whether the ISDA will rule that the Greek deal triggered CDS or not.

TradeTheNews.com US Market Update

NC JJM 16:36 GMT March 9, 2012 Reply   
daily chart potential head and shoulders top in cable.....could turn ugly fast below 1.5640-45

JERUSALEM KB 16:30 GMT March 9, 2012
Buy Crude
Entry: 106.37 Target: 110.65 Stop: 106.37

JERUSALEM KB 13:39:58 GMT - 03/08/2012


Entry: 106.37 Target: open Stop: 105.35
Buy Crude
Entry: 106.37 Target: 107.30-109.10 Stop: 105.35
buy stop
====
target open and will be updated later
================
closed half with 160pips+

Ind! Rafe... 16:29 GMT March 9, 2012
It is a good practice to understand cause and effect it will help you in your trading. However be aware that the macroeconomic fundamental variable that you read about and that is foremost in the news(in everybodies face) might not be the cause of the move, it could be some other macroeconomic variable that is manifest when it's effect has already run it's course... so one has to use the mind to make intuitive and rational judgements so as to determine what to buy then using techs to determine when to buy and when to exit etc.

gl gt.

msa nsm 15:54 GMT March 9, 2012
gold: Reply
dhm u said it :)) the problem is that for any significant move traders look for news behind it.... Why when it's all in the charts...totally agree with you

dc CB 16:29 GMT March 9, 2012 Reply   
Benny and Timmay's Command and Control?

10 and 30Y rates UP
Dollar UP
Crude UP
Gold UP
Silver UP

only winners are the Banks that sold the Greek CDS.

Boston BR 16:28 GMT March 9, 2012
dhm that implies a firmer eurusd since eurchf is not moving?

GVI Forex 16:26 GMT March 9, 2012 Reply   
• Support for Greek debt restructuring paves way for release of bailout funds

• No change expected from the US Fed, as markets gauge recovery momentum

• Weak UK labour market report to provide a further reality check on the pace of recovery

ECONOMIC DATA ANALYSIS - FED IN THE SPOTLIGHT, AS GREECE CONCERNS STEADILY SUBSIDE

dc CB 16:23 GMT March 9, 2012 Reply   
Minutes ago, the Greek cabinet formally announced that it has approved CAC use on Greek debt, which was the final milestone that ISDA was waiting for before making its determination. Most overjoyed by this appears to be gold, which has moved by nearly $40 from this morning's post-NFP (no "inflationary" QE3?) lows and was testing $1715 moments ago. Oh, and silver too.

Zero Hedge is happy to sell CDS insurance on every bar of gold purchased by anyone, anywhere.

Saar KaL 16:22 GMT March 9, 2012 Reply   
cover 2/3 of my usdjpy Longs here
relong at 81 ish

southport DHM 16:22 GMT March 9, 2012 Reply   


expecting some hesitation here for a fade move back to 9150/60 area

msa nsm 16:13 GMT March 9, 2012
I'm actually viewing this through a nice mobile platform for mt4

msa nsm 16:11 GMT March 9, 2012
On 1h we have a broken TL retest with the recent down move to the pip confluence to fib level and bam up to the next fib level after retest

NC JJM 16:10 GMT March 9, 2012 Reply   


hold no positions right now in gold, but market getting interesting with today's move

Southport dhm 16:02 GMT March 9, 2012
I do not know the proper candle name but on WEEKLY gold, we have an upside down gravestone doji (the letter T upside down) - still a few hours until close - but 1712 close or higher would be VERY bullish for next week.

msa nsm 16:02 GMT March 9, 2012
Doji 15m n 1h and hammer 30m not to mention the divergence on 4h long before around 5th market positioned long ago

Saar KaL 15:58 GMT March 9, 2012
will pt gold long above 1715

msa nsm 15:54 GMT March 9, 2012
dhm u said it :)) the problem is that for any significant move traders look for news behind it.... Why when it's all in the charts...totally agree with you

Saar KaL 15:52 GMT March 9, 2012
eurugbp
day trade levels

0.8412 0.8352

i'll wait for swing entry then day trade and buy

Saar KaL 15:46 GMT March 9, 2012
gold on way to 1775

Southport dhm 15:46 GMT March 9, 2012
Look at the 1hr 14:00 gmt candle for gold as well as 14:00 15min candle - a very nice technical move. Nothing more complicated than that imo.

hk ab 15:46 GMT March 9, 2012 Reply   
this spike looks like the announcement of QE3.

Was it announced just now?

Central Kwun 15:45 GMT March 9, 2012
any news trigger this? never seen this before, talking QE again?

ed kw 15:45 GMT March 9, 2012

Entry: .8370 Target: .8382 Stop: .8341

i was thinking s&p help eur so gbp might drift

hk ab 15:44 GMT March 9, 2012
I would be surprised, if we see the same speed of retracement to the downside...... which is not IMPOSSIBLE!

hk ab 15:43 GMT March 9, 2012
the big player cleaned out all weak shorts on Friday thin trading.

Central Kwun 15:39 GMT March 9, 2012
what the censored with gold, why up that fast

Ind! Rafe... 15:37 GMT March 9, 2012
pepto for heartburn would do a better job...lol

Saar KaL 15:36 GMT March 9, 2012


EURGBP generally a buy from .82

hk ab 15:35 GMT March 9, 2012 Reply   
very impressive gold move, anything behind this?

UK Malc 15:34 GMT March 9, 2012
Trout if someone keeps protecting 1.3100 then you may be able to avoid choking on a fishbone. If 1.3095 goes then try Heimlich

Saar KaL 15:31 GMT March 9, 2012
I think a Buy
will include it below

charts

GVI Forex 15:11 GMT March 9, 2012

ed kw 15:10 GMT March 9, 2012
try eur/gbp in at .8370

Swan Valley Trout 15:10 GMT March 9, 2012
Final cast for the longs at 1.3116
Will it be smoked trout today another trophy catch?

Ind! Rafe... 15:08 GMT March 9, 2012
Anything can happen between 13037-13085, it's a consolidation range but at that point there will be a lot of uncertainty on which direction euro will take BUT looking beyond 1 minute charts the direction is clearly to the downside as advised a couple hours back.

GVI Forex 15:06 GMT March 9, 2012

Ind! Rafe... 15:03 GMT March 9, 2012
EURUSD
Entry: Target: Stop:

1.3549
1.3517
1.3485
1.3453
1.3421
1.3389
1.3357
1.3325
1.3293
1.3261
1.3229
1.3197
1.3165
1.3133
1.3101
1.3069
1.3037
1.3005
1.2973
1.2941
1.2909
1.2877
1.2845
1.2813
1.2781
1.2749
1.2717
1.2685
1.2653
1.2621

Saar KaL 15:03 GMT March 9, 2012
yes new calls / accumalte

hk ab 15:02 GMT March 9, 2012 Reply   
forgot to add 1 more good indicator, e/j direction.

closed all short position have a nice w/e everyone

ed kw 15:01 GMT March 9, 2012
kal,is this new calls t you

GVI Forex john 15:00 GMT March 9, 2012

Saar KaL 14:55 GMT March 9, 2012
long eurusd
long gold and silver
long audusd
long nzdusd adding
more gbpchf shorts
short usdchf

accumalting gbpcad longs

hk ab 14:42 GMT March 9, 2012 Reply   
btw, the silly bank indicator is strong bearish on gold, maybe the black hand will come out soon. be careful.

hk ab 14:41 GMT March 9, 2012 Reply   
i found the best indicator for gold now is:

1. silly bank indicator
2. KL's direction
3. Kal's m/t picture.

If those 3 are pointing to the same direction, it has a 75% accuracy....

msa nsm 14:41 GMT March 9, 2012
Kw pal the long was stopped at b/e but still holding my short from 1.0015 looking for KaL's target at 9800

ed kw 14:37 GMT March 9, 2012
nsm,did you keep your usa/cad call as well

Lahore FM 14:37 GMT March 9, 2012
Lahore FM 20:56:01 GMT - 03/07/2012

Buy Gold
Entry: 1682.50 offer Target: 1900 Stop: 1665
long order in place 1682.50 offer.a point of inflection on dailies...it will make or break
--
just for reference...the order was pulled the same day when it went unfilled

Moscow Vladimir 14:37 GMT March 9, 2012
Just Google the word My learned friend from Cambridge.!

msa nsm 14:33 GMT March 9, 2012
R u referring to usdchf?, if yes then got my 40 pip target triggered full position

msa nsm 14:30 GMT March 9, 2012
E/j flag taking shape IMO..even if we get a triangle...a slight pause is what matters for the bullish trend

ed kw 14:26 GMT March 9, 2012
nsm,did you keep your u/s call at .9120

msa nsm 14:23 GMT March 9, 2012
Waiting for 1.3090 if triggered will place a tight stop.it's evening my time.

ed kw 14:20 GMT March 9, 2012
nsm,just got up this morning,you in er at 1.3130

msa nsm 14:15 GMT March 9, 2012
Eurusd long order at 1.3090 placed

HK RF@ 14:10 GMT March 9, 2012 Reply   

Entry: ~1650(if seen) Target: 1665 Stop: 1635

.

Cambridge Joe 14:09 GMT March 9, 2012
Moscpw Vladimir

Cheers Vladimir ! I have 2 different platforms and neither have HUI.... so, it's news to me.

Anyway up.... I'm a bit sorry to have bailed so quick.... I have to learn more patience.

Please post more Vladimir... sometimes the forum needs more views !

All the best. Joe

Swan Valley Trout 14:06 GMT March 9, 2012
Added at 1.3124

Swan Valley Trout 14:05 GMT March 9, 2012
Alright. Long at 1.3129

HK RF@ 14:03 GMT March 9, 2012 Reply   
hk ab 13:56 GMT

Just brace for gold price dropping into next week.

Swan Valley Trout 14:01 GMT March 9, 2012 Reply   
Hearing rumors that casting a ine and buying EUR from 1.3139 might see a chance for a pop higher.

Moscpw Vladimir 13:57 GMT March 9, 2012
Here in RUssia we have HUI index....But it does not have anything to do with the forex market...but if HUI goes up , it means market has expanded ..and if HUI goes down, it means market contracting...May be GD from Vienna would like to test RUSSIAN HUI INDEX.

hk ab 13:56 GMT March 9, 2012 Reply   
the pair even didn't blip during the NFP announcement......

I think 1662....

have already shorted the pair, the 1/2 positions will be looking for deeper target.

eu 13:54 GMT March 9, 2012 Reply   
it is time to buy again e/u at 1,3135...i hope so...

HK RF@ 13:53 GMT March 9, 2012
hk ab 13:47

Today is Friday, just cant guess. But the Dragon Fly candle may be no more:)

msa nsm 13:52 GMT March 9, 2012
Remember what bob marley sang.... Don't let them fool yaa.....they know exactly what will happen and the charts 80% of the time gives us a sign prior

Cambridge Joe 13:51 GMT March 9, 2012
Not bad for someone who doesn't know his $ from his HUI !!

Cambridge Joe 11:48 GMT March 9, 2012
Just a hunch..: Reply
I have this feeling that we might see a significant sell-off of gold this NY session.

//////////////////////////

All closed out and flat for now.... took my targets ! ;-))

Hi Rana good to see you about !

GVI Forex john 13:48 GMT March 9, 2012


A worsening U.S. trade deficit is often read as an improving economy (increased demand), same for the U.K.

hk ab 13:47 GMT March 9, 2012
RF, what bottom are you looking for?

KL must regret now why not keeping all 7/7 from 1705......

PAR 13:46 GMT March 9, 2012 Reply   
The trade deficit in the U.S. widened in January to the largest since October 2008 as imports rose to a record high.

The gap increased 4.3 percent to $52.6 billion, more than forecast, from a revised $50.4 billion in December, the Commerce Department in Washington said today. The median estimate of economists surveyed by Bloomberg News called for a deficit of $49 billion in January. Exports of capital goods, as well as cars and automobile parts, climbed to a record.

matsudo rana 13:45 GMT March 9, 2012
Sell Gold
Entry: 1760avg Target: open Stop: 1760now

20% out @ 1687.....happy trade

msa nsm 13:44 GMT March 9, 2012
Kw....saw how the market was positioned nearly 3 to 4 hours before data???? That's the power of tech

GVI Forex john 13:44 GMT March 9, 2012
Broadly seen as a positive report...
Monthly jobs U.S.

Click on chart for more than 10-yr history

matsudo matsudo 13:43 GMT March 9, 2012 Reply   
Sell USDJPY
Entry: 82.25 Target: open Stop: later

hello to all,sold long term....happy trade

msa nsm 13:41 GMT March 9, 2012
And there goes usdchf, Eurjpy, audjpy, usdjpy....usdcad hedge/long stopped at b/e.....

hk ab 13:39 GMT March 9, 2012
those who shorts, watch out that e/j doesnt' come off the cliff.

hk ab 13:39 GMT March 9, 2012 Reply   
close half at 1692. rest b/e sl

HK RF@ 13:37 GMT March 9, 2012 Reply   
Some were LURED to the snake den:)

Cambridge Joe 13:34 GMT March 9, 2012
Gold locked in $5.70.

hk ab 13:33 GMT March 9, 2012 Reply   
robbery again?

GVI Forex john 13:32 GMT March 9, 2012

Vienna GD 13:31 GMT March 9, 2012
$HUI oder $XAU is the most important gold and silver stoxx index. Trading gold and silver without watching and following $XAU or $HUI is like a one-eyed driving a car.

I.e. my decisions on trading gold and silver, and i do that 12 years now, are almost always based on the close of these two indices. Where as these two are front runners. And I almost never trade against these closes.
I.e. a clearly bullish close in the HUI - and you can bet your shirt that gold & silver are considerable higher next NY open.

Mtl JP 13:24 GMT March 9, 2012
sub 175 usd drops on revived Ben QE
over 225K kills QE hopes, usd goes up some

Mtl JP 13:21 GMT March 9, 2012
NFP :
high estimate 275K
low estimate 125K

Cambridge Joe 13:17 GMT March 9, 2012
Vienna GD 12:57 GMT March 9, 2012
Just a hunch..: Reply
Also da $HUI did not close convincingly yesterday, so likely at least not a sustainable rally.


Sorry GD, I looked thru my table of trade-able instruments and I don't have $HUI..... so I don't know what it is, much less whether it's close was convincing or otherwise... ;-(

I'm still short e/$ from 3270 and just now short gold again from
1700...... glgt ! ;-)

NYC ET 13:12 GMT March 9, 2012
Those calling for a higher nfp are probably counting on mild February weather to give a boost.

Boston eFX 13:10 GMT March 9, 2012 Reply   
(Dow Jones via eFXnews) Fade JPY weakening says Goldman Sachs as underlying factors still point to a stronger JPY and the uptick in USD/JPY is probably due to seasonal factors, speculative positioning and the recent rally in cyclical assets.

GS says the.......

Goldman Sachs: Fade JPY Weakening (full story)

hk ab 13:05 GMT March 9, 2012 Reply   
watch out for the US robbers, gold bulls.

will buy starting from 1680, but needs to see how we get to there.....

Vienna GD 12:57 GMT March 9, 2012
Also da $HUI did not close convincingly yesterday, so likely at least not a sustainable rally.

Ind! Rafe... 12:56 GMT March 9, 2012
john// EURUSD risk is to the downside.

gl gt.

GVI Forex john 12:54 GMT March 9, 2012

GVI Forex john 12:45 GMT March 9, 2012

msa nsm 12:34 GMT March 9, 2012
hi kw pal u there on this "fundamentally" important day :))

KaL thanks for the usdcad post....its good to know we're on the same boat

msa nsm 12:24 GMT March 9, 2012
e/j looks exhausted and might be forming a bull flag on 1h hence took off half and half for the final target....looking to add at that 50% retrace during the flag formation

msa nsm 12:13 GMT March 9, 2012
msa nsm 18:24 GMT March 6, 2012
long : Reply
Buy EURJPY
Entry: 105.81 Target: Stop: 105.60

done
_____________________
closing half now at 108.15...sl is already at b/e

hk ab 12:10 GMT March 9, 2012 Reply   
we have been buying since Wednesday, don't forget that....

GVI Forex john 12:06 GMT March 9, 2012


Mixed, but disappointing data...
Canada jobs

Ind! Rafe... 12:05 GMT March 9, 2012 Reply   
EURUSD
Entry: Target: Stop:

The BODs,SOBs range for EURUSD is

12687-23 and 13485-13549

As long as we stay within this range the strategy holds true breach of either side invalidates the ranges and forces an examination.

Have not been able to post ranges as frequently as I want due to problems in loading the site.--- some new security procedure or something.

GVI Forex john 12:02 GMT March 9, 2012
Disappointing headline figure. but full-time jobs increased by almost as fast as part-time jobs fell.

GVI Forex john 12:00 GMT March 9, 2012

GVI Forex john 11:54 GMT March 9, 2012 Reply   
Global-View.com Forex Heat Map

Forex Trading Tools Index

Refresh Forum MANUALLY to update table

hk ab 11:53 GMT March 9, 2012 Reply   
fwiw, silly bank indicator shows that the gold is quite bearish at the moment.

in short 1700

hk ab 11:50 GMT March 9, 2012 Reply   
hmm.... will the robber come again to push the gold to 1600?.

GVI Forex 11:48 GMT March 9, 2012 Reply   
The euro fell on Friday as concern about peripheral debt and the low growth outlook outweighed relief at Greece successfully completing a bond swap that should avert a messy default.

FOREX NEWS - Euro falls as periphery worries overshadow Greek deal

Cambridge Joe 11:48 GMT March 9, 2012 Reply   
I have this feeling that we might see a significant sell-off of gold this NY session.

It is not fully clear as I have mixed signals over different time-frames, but the impression is for south.

Just a heads-up.

GVI Forex Jay 11:42 GMT March 9, 2012 Reply   
11:30 GMT (Global-View.com) Mar 9 - Mixed skies for the EURUSD after a modest sell the reaction to the Greek PSI results. The focus now shifts to whether this consitutes a credit event and the US employment report. The latter is likely most important as the risk mood will affect fx. In this regard, the market will likely be more sensitive to a NFP undershoot than an overshoot.

Forex Weathermap - EURUSD

GVI Forex Blog 11:41 GMT March 9, 2012 Reply   
Mixed skies for the EURUSD after a modest sell the reaction to the Greek PSI results. The focus now shifts to whether this consitutes a credit event and the US employment report. The latter is likely most important as the risk mood will affect fx. In this regard, the market will likely be more sensitive to a NFP undershoot than an overshoot.

Forex Weathermap - EURUSD

GVI Forex john 11:26 GMT March 9, 2012

Boston eFX 11:24 GMT March 9, 2012 Reply   
A payrolls disappointment is the bigger risk athan a positive surprise, Citi says, given the degree to which hopes are building that the U.S. economy will sustain its recent solid pace of jobs creation.

Citi economists are targeting a 190,000 payrolls addition in February and the distribution of forecasts is ....

Payrolls Disappointment The Bigger Risk (full story)

Saar KaL 11:19 GMT March 9, 2012
looking to short uscad at 0.9940
tgt 0.9848

msa nsm 11:19 GMT March 9, 2012
leaving SAR orders to add short usdcad at 0.9940-50

GVI Forex 11:17 GMT March 9, 2012 Reply   
The EUR/USD entered the European session in a profit-taking news following the official announcement of the Greek PSI participation rate. The pair tested 1.3278 during Asian but slipped to test below 1.3215 during the European morning. Dealer are eyeing the ISDA meeting scheduled for 8:00 ET (13:00 GMT) as the panel was again asked a question whether a credit event has occur. The Ecofin will also hold a conference call on Greece during the NY morning. The US payroll data is highly anticipated event as well.

TradeTheNews.com European Market Update: ISDA again asked to rule on whether a Greek default occurred; US Payroll data moves into focus

msa nsm 11:17 GMT March 9, 2012
quiet market..... so trailing stops to b/e and i'm off...

Boston eFX 11:16 GMT March 9, 2012 Reply   
(Dow Jones via eFXnews)The reaction to the Greek news is buy the rumor sell the fact, says Citi, after the euro shed some fifty cents against the dollar to hit $1.3224 and traded at the day's low against all its major peers after Greece achieved an average 83.5% participation rate on a total of EUR206 billion in Greek bonds in its bond swap deal.

"That would rise to ......

Citi: Greek Reaction, Buy Rumor And Sell Fact (full story)

KL KL 11:12 GMT March 9, 2012
GD

nice to see you drop by....where is mamun by the way....he has been MIA for some time......or is he hiding as we trade barbs against one another???.....LOL


Anyway I am currently like today an anti gold bug......LOL

all eyes on NFP......waiting to short SnPDOW, more Apple if it comes to my BULL trap area....gl gt all.....off to bed and rest ....serious trading starts in 3 hours....

msa nsm 10:55 GMT March 9, 2012
hehe guess i was right afterall, usdcad is more volatile than usdchf in this short move up....

GVI Forex Blog 10:53 GMT March 9, 2012 Reply   
Key Items: US/CA Employment/Trade. We are now waiting for a meeting at 13:00 GMT to see if Greece will be triggering the Credit Default Swaps (CDS), which they might have to do after falling short of the 90% participation threshold for a "voluntary" restructuring of the debt. We will see what they can pull out of their hats through arm-twisting, deals, etc.

Forex Trade Talk 11:00 GMT 9 March 2012

msa nsm 10:52 GMT March 9, 2012
msa nsm 20:19 GMT March 6, 2012
long : Reply
Sell USDCAD
Entry: Target: Stop:

anyone short usdcad, looks really staged to collapse?
____________________
msa nsm 20:22:57 GMT - 03/06/2012
trying a small short at market with 50 sl above TL Rest.
____________________

trailing stop to b/e now

msa nsm 10:45 GMT March 9, 2012
u/j did give us a deep but not the level looking for 81.40.....missed by 6 pips.....buying the deeps in jpy pairs. gl

msa nsm 10:42 GMT March 9, 2012

msa nsm 04:26 GMT March 9, 2012
breakout : Reply
Still looking for that little push up.....40 pips max for usdcad and possibly usdchf though more inclined to usdcad
__________________
usdchf looks more promising than anticipated
__________________________

closing 1/4 and holding 3/4.....waiting for euro to break either up or down then i expect some movement here IMO....its holding its line of defense 1.3210 pretty well so far

Munchen Hans Solo 10:40 GMT March 9, 2012
. GD,,Back to the woods of Vienna to get penetrated by a gold bug bear,,,,

msa nsm 10:35 GMT March 9, 2012
hi GD, it would be great if you could share your calls as well and let the calls defend themselves, we've seen KaL's calls for a long time now and i personally thank him alooooot and i'm a stern follower as well...........he's a hero in this forum.....what about you..care to share? ;))

GVI Forex Blog 10:30 GMT March 9, 2012 Reply   
10:30 GMT (Global-View.com) March 9- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is opening Friday in North America at .5143, +0.18% from its Wednesday close (-4.41% vs. end-2010).

Global-View D.O.G. Index March 9, 2012 U.S. Open

Saar KaL 10:30 GMT March 9, 2012
nzdusd Longs till .8190
tgt .8340

Saar KaL 10:27 GMT March 9, 2012
GBPCAD
Longs from 1.5600 to 1.5830
stops lower then 1.5478 (If you have to)
Swing tgt 1.5840

GVI Forex john 10:26 GMT March 9, 2012 Reply   
10:30 GMT (Global-View.com) March 9- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is opening Friday in North America at .5143, +0.18% from its Wednesday close (-4.41% vs. end-2010).

As for its key subcomponents, the USD forex purchasing power index is .7765, +0.29% (-0.21% 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 .1695, -0.07% (-16.46% end-2010).

Against crude, it is at 0.4171, -0.22% (-14.47% 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).

Haifa ac 10:24 GMT March 9, 2012
KAL, I second Lowen.
You also remind me of Scarltett Ohara

Also today is March 9== exactly 3 year anniversary of the Low of the 2008 crash. 3-9-2009

Vienna GD 10:22 GMT March 9, 2012
Just to clarify - my point is not hatred against KAL or mamun ... but just sticking to the facts - and the fact that noise is NOT equal to accuracy of calls.

Have a nice weekend - nuf said.
Make out if my comments whatever you like.

BUT - true traders though are as sharp as a knife.

GVI Forex john 10:22 GMT March 9, 2012

GVI Forex john 10:19 GMT March 9, 2012

GVI Forex john 10:17 GMT March 9, 2012

Vienna GD 10:17 GMT March 9, 2012
Here you can find some pretty hard facts about the true accuracy of KAL - posted in December (there's a link in the archives):

Saar KaL 07:24 GMT December 23, 2011
http://www.facebook.com/photo.php?fbid=10150452184021775&set=oa.205127876242585&type=1&permPage=1#!/photo.php?fbid=10150452184061775&set=oa.205127876242585&type=1&permPage=1

Here you have another Album from Saar KaL 06:04 GMT January 3, 2012
http://www.facebook.com/photo.php?fbid=10150471142646775&set=oa.210605022361537&type=1&theater

I leave it to you to decide how far of of everything he is - and whether his calls are noise or not.

As a trader - it is ABSOLUTELY essential to know who's just making noise - and who not. In trading there are no friends and not good boyz and bad boys - there is just right and wrong. There is just making money or losing money. You have to be as sharp as a knife. No emotions. Period.

Again - judge for yourself.
BTW - You can scroll thru that album - lots of charts.
It reveals all the truth you need to know.

Saar KaL 10:16 GMT March 9, 2012
gold heading back to 1775

Saar KaL 10:13 GMT March 9, 2012
Thanks Lowen
anyways i try...LOL
BTW...I think this gbpchf is diving into 1.43 now
usdchf will add more shorts now

GVI Forex john 09:55 GMT March 9, 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.

Beijing Laowen 09:41 GMT March 9, 2012
KaL, your attitude towards the different opinions is mature and correct. Your buy, buy, buy calls on Yen crosses and Euro etc. these days are the best. Trading FX needs one to look at more than one or two indicators and time frames. So, as long as the readers's default time frames are the same as yours, I believe they can easily catch up with your brilliant and brave shouts.

Keep going KaL. Cheers.

GVI Forex john 09:32 GMT March 9, 2012 Reply   

Saar KaL 09:24 GMT March 9, 2012
chicago/
Thanks for the reply
1) I truely ignore anything that does not please me..I suggest you do that with my posts.
2) since the mkt is zero sum game...they will always be people that see it the other way (Just the Nature of it)
3) Taking time with white could be that your firm can not do it fast enough.

Thanks again
GL

PAR 08:59 GMT March 9, 2012 Reply   



Over the last decade, actual nonfarm payroll growth and contraction fell outside of 2.58 standard deviations 41.7 percent of the time. In statistics, 2.58 standard deviations represents a 99 percent confidence interval.

Why does that matter? Statistically, if you accept the notion that the Street's consensus is "correct," a result falling more than 2.58 standard deviations should happen only once every 100 times.

That's not the case. In fact, just look at January's results. Before the announcement, Wall Street had modeled nonfarm payroll gains of 140,000. The actual growth: 243,000, 3.55 standard deviations from the mean. Since job creation accelerated in September 2011, the resultant nonfarm payroll data has been 4.58, 0.89, 1.52, and 1.92 standard deviations from consensus.

Taken together, the Street has continued to underestimate job growth during the recent recovery.

It's important to note that the estimates do not necessarily fall perfectly under a normal curve. However, the distributions do generally take the bell shape and cluster together centrally around the mean.

Below we present actual NFP results compared to estimates. The meaningful point to look at is the t-test standard deviation, or how far the actual NFP number was from consensus estimates (a line highlighted in blue represents a result outside of the 99 percent confidence interval).



Read more: http://www.businessinsider.com/why-the-street-is-going-to-get-tomorrows-nonfarm-payroll-number-wrong-2012-3#ixzz1obliCB8N

Chicago AC 08:57 GMT March 9, 2012
Obviously some think that repeating a fx-trend expectation - just like a mantra - makes it more likely to happen.

For me - in such cases - the red alert message is: an undermined Ego which needs to repeat itsself to get more attention and applause.
For the trader at the same time it means: don't get sucked into such noise, because permanent "buy, buy, buy" is of course going to have some implications on your emotions - so instead intensify your analysis of charts - or if it gets annoying, turn of that noise.

One way to call the bluffs would be to write down the calls and finally provide the truth ... but on the other hand is that our job? do we want to spend time on such noise?
On the other hand we are affected whether we want it or not ... as long as there is no ignore button ...

Anyway - for me repeated calls are a red flag, the more often, the less trustworthy to finally annoying ...

But of course it's a free blog and if Zeus is allowed to repeat 1.2777 and sell EURUSD a zillion times, why not should somebody else just repeat all the time "buy, buy, buy" what is in sight ... whether that is useful or in fact misleading is on a different page ... for some it may be ... for some not ...

Something else: besides buy, buy, buy - Fridays have not been the best days for Gold and Silver ... guess, like yearend markets Fridays markets are "thinner" than usual - and there are some guys out there which use thin trading days to suppress this or that market ...

Saar KaL 08:30 GMT March 9, 2012
eurusd next stop at 1.3340

Saar KaL 08:26 GMT March 9, 2012
added long eurusd here
till 1.3180

Cambridge Joe 08:06 GMT March 9, 2012 Reply   
closed half my USD longs from last night.

SL to entry on the balance. ;-))

Saar KaL 08:06 GMT March 9, 2012
gbpchf shorts here
usdchf shorts

Saar KaL 08:03 GMT March 9, 2012
will accumalte
gbpcad with every 45 pip drop

gbpcad around 1.56

msa nsm 07:54 GMT March 9, 2012
msa nsm 04:26 GMT March 9, 2012
breakout : Reply
Still looking for that little push up.....40 pips max for usdcad and possibly usdchf though more inclined to usdcad
__________________
usdchf looks more promising than anticipated

KL KL 07:44 GMT March 9, 2012
ab

I HIT them when I covered 1702...and I hit them again at 1706.01......Big hit too.....now I hit the junior bankers/traders/fundies again by going 2/3 out here 1703.9...leave the rest for them to chew at 1704.99...wow coming near me...1704.68...they can have it.......

arrrgh...they got me.......LOL....now wait again for above 1706....this time might just go higher....just my ninja feeling....but I will start just above 1706...and the keep adding scam......

HONG KONG 07:40 GMT March 9, 2012 Reply   
USDJPY
Entry: Target: Stop:

09 Mar 2012 06:51GMT... INTRA-DAY USD/JPY OUTLOOK - 81.63

Despite early brief rise abv last Fri's 81.87 top to a fresh 9-month high at 81.89, subsequent re- treat suggests an intra-day top has 'possibly' been made n consolidation with mild downside bias wud be seen but below 81.32 needed to confirm, 81.20. Abv 81.89 wud extend recent upmove fm 2011 record low of 75.32 to 82.09 n then twds 82.23 res.

TRENDSETTER

hk ab 07:39 GMT March 9, 2012 Reply   
KL, was your 1/7 hit?

Saar KaL 07:07 GMT March 9, 2012
not a good idea to short gold
below 1750

Saar KaL 07:01 GMT March 9, 2012
there was some mistake with gbpcad
now all fixed

did the charts

Syd 06:40 GMT March 9, 2012 Reply   

(EU) Telegraph's Ambrose Evans-Pritchard believes that the handling of the Greek debt crisis has hurt the integrity of the global bond markets, as contagion remains a risk in the EU
- Notes that Portugal, Spain and Italy could still be vulnerable because investors could be wary of buying certain peripheral debt due to the impression left on bond buyers from the Greek PSI.
- Some analysts have suggested that investors have doubts about the EU pledges related to Greece being an isolated case.
- In terms of the fiscal situation in Portugal, Nomura analyst Dimitris Drakopoulos said that the country's government had used "fiscal engineering" in 2011 to help improve its deficit figures by using its pension funds.



TradeTheNews.com

GVI Forex Blog 06:36 GMT March 9, 2012 Reply   
(AU) AUSTRALIA JAN TRADE BALANCE (A$): -673M V +1.50BE (first deficit since Feb 2011; widest deficit since Mar 2010) >- (CN) CHINA FEB PRODUCER PRICE INDEX (PPI): Y/Y: 0.0% V 0.1%E (7th consecutive

TradeTheNews.com Asian Market Update: Australia trade plummets to deficit; China CPI, manufacturing softer; Optimism on Greece PSI, US NFP boost sentiment

Syd 06:34 GMT March 9, 2012 Reply   
The EUR/USD is lower as some investors were disappointed by the outcome of the Greek debt swap participation rate from private sector creditors, says a senior dealer at a major Japanese trust bank; the Greek law bond participation rate came in at 85.8%. "Earlier in the day, some had hoped for higher rates that would allow Greece not to use the collective action clauses," he adds. Some investors are also selling on fact after the result. The EUR/USD is at 1.3234 from 1.3260 before the announcement. The pair could fall to 1.3200 later in the global day, the dealer adds, though sharper losses are unlikely ahead of the U.S. nonfarm jobs data. If the invocation of collective action clauses leads to a credit event with Greece sovereign CDS, the focus will be on whether debt restructuring could hit other nations, he says.

hk ab 06:28 GMT March 9, 2012
KL, mind it touch your stop profit b4 resumption down.....

I think with this e/j weakness, one can tell that we can have new top challenge b4 NFP......

KL KL 06:14 GMT March 9, 2012
HK Kwun
Regret now my new short near 1705.2....20 minutes ago.....did not take my usual size..........now like this 1/7 position i still have left ...still cannot complain. I thought it would rise up to 1707 but looks like Gold rally or attempted Asia Rally have ended....now will go lower like under 1698 and will not even dare hit 1703 again.....lets see....

win some ...win more other times....LOL....eurusd also waiting for pop to 1.328 but did not stay awake to catch it ALL Asia time.....no one in Asia trust Greece Fix.....they take us for Fools sometimes these west people....but it creates trading opportunity..... Moon day means turn day....look like tonight will be it.......

HK Kwun 06:04 GMT March 9, 2012
KL, this sudden fall helped you. Nice shot

msa nsm 05:56 GMT March 9, 2012
If we don't break lower usdcad... Which might be....waiting to confirm.....then we have a higher low in place

KL KL 05:46 GMT March 9, 2012
out 6/7 1703.5...rest cannot lose ..... stops 1704.5......ha ha ha....cannot even contemplate and type and go for a pee...and my stops taken......reshort above 1706.3 anytime until cow comes home....LOL

Saar KaL 05:42 GMT March 9, 2012
still long Lowein

hk ab 05:35 GMT March 9, 2012 Reply   
looks like another trail stop being hit by the greedy banker.

Boston eFX 04:45 GMT March 9, 2012 Reply   
(Dow Jones via eFXnews) Norway's krone has been the star of G10 in recent weeks and now Goldman piles onto the krone's rally vs the euro. Goldman sees the euro to tumbling to NOK7.3 in three months and then slipping further to NOK7.2 in six months, compared to their call of NOK7.7 and NOK7.6 respectively in previous forecasts.

The Norway situation now looks .....

Goldman Sachs Gets More Bullish On Norway Krone (full story)

msa nsm 04:29 GMT March 9, 2012
Watching u/ j for it's pullback and go long... a/j did it's pullback and sl should be at b/e atleast for me.

msa nsm 04:26 GMT March 9, 2012
Still looking for that little push up.....40 pips max for usdcad and possibly usdchf though more inclined to usdcad

KL KL 03:56 GMT March 9, 2012
short gold again 1706.3...can add $1-2 higher or take 100 pips....1st 100+ pips already in bag now....waiting for gold to go higher so that I can add more shorts....and still get out with 100+ pips....heavy pips......Looks like Asia dare not push higher than 1707....lots of buyers maybe 1700.....

HK Kwun 03:50 GMT March 9, 2012 Reply   
Gold is still uptrend, see the stocks markets today. my range 1695-1714, 1726

hk ab 03:25 GMT March 9, 2012
Kwun, it's all because of those jerks!!!

hk ab 03:14 GMT March 9, 2012
KL, I will start my first short at 1709, if it subsides over there.

Fast finger needed today.

HK Kwun 03:12 GMT March 9, 2012
ab, why your old is being stopped? I remember you had long Gold at 1690. It was a nice call

KL KL 02:58 GMT March 9, 2012
ok ninja art SELL gold 1705.7 keep adding $1-2 above....then either I take the 100 pips profit or make a loss....LOL....

I think this is it for gold max another $5.....1700 will be the battle field....I will go there to cover...but being not greedy happy to get out near 1703....lets see...how this goes....now!

Open 02:40 GMT March 9, 2012 Reply   

EUR/USD Daily Asia Outlook 03/09

Open 02:37 GMT March 9, 2012 Reply   

GBP/USD Daily Asia Outlook 03/09

hk ab 02:06 GMT March 9, 2012
e/j guiding the cousins again.

hk ab 02:02 GMT March 9, 2012
thanks!

I hate my stops being taken at 1698 by the gangsters!

now wait 1709, 1720 to short....maybe 1712 too.

San Diego LC 01:46 GMT March 9, 2012
ab - AUSTRALIA JAN TRADE BALANCE (A$): -673M V +1.50BE (first deficit since Feb 2011)- Exports m/m: -8% v +2.0% prior - Imports m/m: -1% v +1.0% prior

HK RF@ 01:44 GMT March 9, 2012
hk ab

1690 as an approx. average between the week Hi and Lo if the Mkt. will not produce new far extremes today.

And I may as well be wrong.

hk ab 01:42 GMT March 9, 2012 Reply   
anyone knows what caused the dip an hr ago?

hk ab 01:35 GMT March 9, 2012
so RF, 1690 differentiate the bull/bear tone for next week?

HK RF@ 01:29 GMT March 9, 2012 Reply   
For this weekend: The gold-bulls will try at least to maintain the present Weekly-Dragon-Fly candle formation to increase their chances for a reversal next week, where the bulls will try to wreck it.

Possibly an indecision candle may ensue(~1690 close?just a guess:), so anyway after the close today we shall be more wise, and brace for a rough ride today. GL/GT

hk ab 01:28 GMT March 9, 2012
see how it flies, KL!

I think gold should want to have a lick of 1723 based on the fake news tonight....

but how would that be developed is another story....

I will have core short position hiding at 1740 as well......

will short starting from 1720.

KL KL 01:24 GMT March 9, 2012
ab

You then need to play their game of cheats....surround your stops with bombs.....such that once they get in the bombs will trigger....takes a bit of planning...

Other options is to move to other banks ....its a free world...have more than 2-3 trading account....but at least one Armada account......my 2 cents....

been short and long gold all night....but bias short.....all dancing near 1700 +/- $2.....not enough to be serious ninja today....so off to early break and sleep for NFP day....

still holding 1/2 apple short....LOL.....

hk ab 01:09 GMT March 9, 2012 Reply   
I always suspect t sometimes my bank is creating those dips to clean out the close stop.......

It happened yesterday at 1684.7 (which I don't think ask price goes there at all) before the huge move to 1692 area......

It's not the 1st, 2nd or 3rd time.

GVI Forex Blog 00:58 GMT March 9, 2012 Reply   
The euro and commodity currencies held on to overnight gains in Asia on Friday after Greece moved closer to securing fresh funds needed to avoid a messy debt default.

FOREX NEWS - Euro up on Greek relief; China, U.S. data next

Beijing Laowen 00:29 GMT March 9, 2012
On dailies most JPY crosses are similar to each other. Maybe at the end of day on Friday, cheaper Yen crosses will be the gifts for the bulls.

Anyway, I will keep sidelines on Yen crosses today until later.

Beijing Laowen 00:25 GMT March 9, 2012 Reply   


USDJPY
Entry: Target: Stop:

Technically a correction is due, but I personally do not want to short it at this moment. Instead, BOD might be my choice.

KaL your view? Thanks.

Boston eFX 00:22 GMT March 9, 2012 Reply   
(Dow Jones via eFXnews) The near-term risk is that the new Greek bond, whose maturity extends to 20 years after the swap deal, could lose more value in the near-term until yields rise to levels that will lure buyers again, according to Morgan Stanley.

Bond strategists at the bank say they .....

Morgan Stanley: Greek Bonds After Swap Could Be Hit With Further Loss (full story)

Boston eFX 00:16 GMT March 9, 2012 Reply   
(Dow Jones via eFXnews) A negative surprise in Friday's US jobs report would likely have a bigger impact on the currency market than a positive surprise, says Andrew Cox of Citigroup.

The impact of an upside surprise is lower because investors are beginning to question if unseasonably mild weather could be providing an artificial boost to the jobs data.

A minor disappointment -- somewhere within ......

Citi: FX Risk After Job Report Skewed To Negative Surprise (full story)