Forex Forum Archive for 05/08/2012

Syd 23:19 GMT May 8, 2012 Reply   
Greece's election has brought a political sea change to the country, after bitter voters hammered established parties for supporting austerity measures in exchange for international bailouts. As Athens veers towards political chaos, German editorialists predict hard times ahead.

spiegel.de

Syd 23:17 GMT May 8, 2012 Reply   
Newly revealed German government documents reveal that many in Helmut Kohl's Chancellery had deep doubts about a European common currency when it was introduced in 1998. First and foremost, experts pointed to Italy as being the euro's weak link. The early shortcomings have yet to be corrected.

It was shortly before his departure to Brussels when the chancellor was overpowered by the sheer magnitude of the moment. Helmut Kohl said that the "weight of history" would become palpable on that weekend; the resolution to establish the monetary union, he said, was a reason for "joyful celebration."

Melbourne Qindex 22:51 GMT May 8, 2012 Reply   
EURUSD
Entry: Target: Stop:

EUR/USD : The market is likely going to vibrate around 1.2992* with an expected magnitude of 1.2797 - 1.3186. The market has good potential to tackle 1.2603.


Qindex.com


http://www.youtube.com/watch?v=dZEGYpXE5B4

EUR/USD : Monthly Cycle Charts

Syd 22:30 GMT May 8, 2012 Reply   

He pointed out that the subject isn't actually the one screaming. Rather, he's covering his ears to block out the screams coming from a nearby insane asylum.

"People in Europe have been covering their ears."

GVI Forex john bland 22:26 GMT May 8, 2012 Reply   



May 8, 2012 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, May 9, 2012. Updated: Trading Events Calendar:

• Far East: CN- Trade.
• Europe: DE- Trade, 5-yr, GB- 30-yr.
• North America: US- Weekly Mortgage Stats, Weekly Crude, 10-yr.

Melbourne Qindex 22:04 GMT May 8, 2012 Reply   
Gold
Entry: Target: Stop:

Gold : The market is going to consolidate within 1572.6 and 1621.6 for the time being. Speculative selling pressure will increase again when the market is below the barrier at 1593.0 // 1601.4.


Qindex.com


http://www.youtube.com/watch?v=dZEGYpXE5B4

Gold : Monthly Cycle Charts

Colo Chief1Oar 21:03 GMT May 8, 2012 Reply   


The NZD pairs closed the day down 415 pips (+/-).

AUDNZD was flat for the day with the GPBNZD leading with 136 pips (+/-) and the EURNZD second with 84 pips (+/-) as investors confidence in the GPB overtakes the EUR.

Good volume, shows a continued interest in the current flight from the Kiwi after some consolidation over the past 2 days.

With little resistance in the background, continued selling would be expected. Some unusual buying at the close of NY indicates the RBNZ data which is due out shortly, may see some buying on the news.

I would expect the NZD pairs to rise into Tokyo before resuming their selling either in Eur session or NY.

Will be selling NZD pairs on rallies.



"Prognostication is difficult, especially when it involves the future" ... Mark Twain

Cambridge Joe 21:00 GMT May 8, 2012
My humble apologies.... I hadn't realised that the offending article was from Reuters.

I wouldn't waste the paper.... or the ink to print out an article from Reuters.

I wouldn't offend my parrot with using it to line to bottom of it's cage with a report from Reuters.

Cambridge Joe 20:51 GMT May 8, 2012
straight session between 8/may ##### 00:00GMT #####and now.... in which case.... I stand corrected !

Sorry. I omitted the 00:00 GMT.

GVI Forex john bland 20:50 GMT May 8, 2012

• Key Items: CN- Trade. DE- Trade. US- Weekly Crude. 10-yr.

• Markets focused on Greece Tuesday as the messy process of trying to form a government in Greece dominated the headlines. With no party or philosophy having taken a clear majority in Sunday elections, it will be difficult to form a government. Leftist parties made headlines as they  question the terms of the bailout agreement and declare it null and void. Parties have a deadline of May 17 to form a new government or new elections will be called (likely June 17).

• Thursday will see another state election in Germany in Rhineland- Westphalia  after the Merkel coalition lost control of the state Schleswig-Holstein last weekend. Merkel and New French President will meet for the first time next week.

• The 10-yr bund is 1.54%, -6 bp. The key EURUSD 20-day average is 1.3153. Key European bourses are lower. The EURUSD is weaker. No major U.S. data are due. The U.S. 10-yr is 1.83% -4bp.

• Key Asian bourses closed mixed. The 10-yr JGB is 0.87%, +1bp. The USDJPY is steady. The key USDJPY 20-day average is 80.68. EURJPY is lower. Its 20-day average is 106.13. 

Cambridge Joe 20:49 GMT May 8, 2012
.... Unless of course there have been seven straight session between 8/may and now.... in which case.... I stand corrected !

Euro is about to 'fall' upwards again fairly soon imho !

I suppose it all depends on your perspective... so, perhaps we may now say the USD is about to rally... downwards !

Gisajob ! I can write !

GVI Forex john bland 20:48 GMT May 8, 2012
....

Cambridge Joe 20:38 GMT May 8, 2012
GVI Forex 20:26 GMT May 8, 2012 - My Profile
Forex News: Reply
The euro fell for a seventh straight session against the dollar

##############

What happened from 00:00 7/May to 00:00 8/May ?

perhaps the euro was falling upwards ?

Who writes this rubbish and who pays them ?

GVI Forex john bland 20:30 GMT May 8, 2012

GVI Forex 20:26 GMT May 8, 2012 Reply   
The euro fell for a seventh straight session against the dollar on Tuesday on concerns that political uncertainty in Greece and a French leadership change could undermine austerity plans viewed as central to tackling the euro zone debt crisis.
FOREX NEWS - Euro slips for 7th day vs dlr; politics weigh

Syd 20:10 GMT May 8, 2012 Reply   

Euro may be holding but selling looms, says John McCarthy, who says big support would come in around $1.2980

Syd 20:05 GMT May 8, 2012 Reply   
The euro is incompatible with democracy. It is a notion that probably does not seem all that surprising after the events of the past six months.

Was all of this inevitable? Well, as it happens, yes

Porto Cubriclas 20:04 GMT May 8, 2012
"Paris ib 18:18 GMT May 8, 2012
Achtung !: Reply
No. Watch stocks, that's where the action is."

I prefer watch the best: Lahore FM.
Big hug for him ;)

GVI Forex Blog 19:59 GMT May 8, 2012 Reply   
Market outlook AUD and NZD Outlooks: The declines which started on 30 April look mature, warning of corrective rebounds during the next few days. Selling should resume thereafter. The economic data calendar is devoid of market movers today.

Forex- Morning Report (Westpac)

GVI Forex john bland 19:50 GMT May 8, 2012
more chart points About Pivot Points

Refresh Forum MANUALLY to update table

GVI Forex john bland 19:47 GMT May 8, 2012
Latest Closing Trading Points...
many more chart points
About Moving Averages
About Bollinger Bands


Refresh Forum Manually to Update Table.

GVI Forex john bland 19:44 GMT May 8, 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.

NYC ET 19:41 GMT May 8, 2012
Stocks making a comeback.

GVI Forex john bland 19:03 GMT May 8, 2012
Global-View.com Forex Heat Map

Forex Trading Tools Index

Cambridge Joe 18:54 GMT May 8, 2012
Cheers Trout !

dc CB 18:53 GMT May 8, 2012
apparently the 2:15 left right on time.

wooo wooo

Cambridge Joe 18:36 GMT May 8, 2012
SaM. I'm going to ramble a bit now and not be much help.

I'm afraid I don't do targets / levels.... my party trick is instrument, direction and times.

If the structure says it.... then ok.... until the structure alters.

I often get the signal way after Trout, as today for example. But then... I was out, so that didn't help me !

3180 while possible, looks like a bit of an ask.......

It's still DYOD with all that that entails, this can fail also....

Swan Valley Trout 18:35 GMT May 8, 2012
Hi Joe.
Technical structure remains intact. Riding the wave.
Cheers!

dc CB 18:32 GMT May 8, 2012


Trains
Indexes were delayed this morning. 11:15 was the departure time.

GVI Forex Blog 18:29 GMT May 8, 2012 Reply   
18:25 GMT (Global-View.com) May 8- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is ending Tuesday in North America at .5270, +0.62% from its Monday close (-2.04% vs. end-2010).

Global-View D.O.G. Index May 8, 2012 U.S. Close

GVI Forex john bland 18:26 GMT May 8, 2012 Reply   
18:25 GMT (Global-View.com) May 8- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is ending Tuesday in North America at .5270, +0.62% from its Monday close (-2.04% vs. end-2010).

As for its key subcomponents, the USD forex purchasing power index is .7805, +0.27% (+0.30% 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 .1796, +2.10% (-11.48% end-2010).

Against crude, it is at 0.4615, +1.29% (-5.38% vs. end-2010). The D.O.G. Index base is 1.00. It is measured against levels from the start of 1999, as of the initial launch of the euro (currency).

Chicago AC 18:22 GMT May 8, 2012
You should also have a look at the daily brent, including BBs and Full Stoch

Paris ib 18:18 GMT May 8, 2012
No. Watch stocks, that's where the action is.

Seef SaM 18:07 GMT May 8, 2012
Could we see euro/usd at 1.3180 by tomorrow?

Cambridge Joe 18:02 GMT May 8, 2012
Thanks ib.... praise from Caeser is praise indeed !

Or should it be, praise from Pompeia ?

Let us see how it turns out. :-))

msa nsm 17:52 GMT May 8, 2012
msa nsm 13:28 GMT May 8, 2012
breakout & fibb: Reply
closing e/j shorts from 104.27 SAR and reshort again at same level for deeper targets now
__________________

closing half and rest sl to b/e SAR at 104.14-27

Paris ib 17:49 GMT May 8, 2012
Well something is up Joe. Very prescient.

msa nsm 17:42 GMT May 8, 2012
USDJPY
Entry: Target: Stop:

on the verge of a breakout...eyes open

Cambridge Joe 17:09 GMT May 8, 2012 Reply   
Been travelling all day..... only just had time to check the charts..

Got a MAJOR short USDX being indicated as imminent.

Check USDX hourly see D top.... watch out below IMHO.

Sorry you got burned Kwun.... a fair chance of it bouncing in value a usd softens.

This is by way of "forewarning"..... I'm waiting confirmation. DYOD.

Central Kwun 16:52 GMT May 8, 2012 Reply   
tonight all long gold also are loser, including me.

Cambridge Joe 16:49 GMT May 8, 2012 Reply   
1 minute charts? Yesss !

#################

Cambridge Joe 21:25 GMT May 7, 2012
Великая Отечественная война : Reply
http://youtu.be/vxyBhSd89a0

Incredible original footage.... needs to be seen.

e/$. I think if it takes 3060, then we should see it south for the next few hours. IMO.

Cambridge Joe 19:14 GMT May 7, 2012
buy euro: Reply
:-))

Cambridge Joe 18:27 GMT May 7, 2012
buy euro: Reply
1 minute e/$ says possible sell from ~ 19:00... all others still say buy..... But I'm not convinced thru Asia... it's been too much of a one way trip...

msa nsm 16:35 GMT May 8, 2012
Low should be 1570 IMO

msa nsm 16:13 GMT May 8, 2012
Just picked this from twitter that the market will break now and attribute that to holland..lol

msa nsm 16:10 GMT May 8, 2012
Hehe true that...as gvi posted samaras says no need for election

Swan Valley Trout 16:07 GMT May 8, 2012
Nice technical bounce. Of course the media will attribute it to something else since its their job to explain history faster than anyone else LOL

Cheers!

msa nsm 15:51 GMT May 8, 2012
I for instance work in a bank and I can assure you that tomorrow morning we will increase our gold deposit by a third

msa nsm 15:44 GMT May 8, 2012
demand in gold and oil won't end that's why all the big players are starching gold in their volts while manipulating prices.

GVI Forex john bland 15:43 GMT May 8, 2012

GVI Forex john bland 15:35 GMT May 8, 2012 Reply   



May 8, 2012 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, May 9, 2012. Updated: Trading Events Calendar:

• Far East: CN- Trade.
• Europe: DE- Trade, 5-yr, GB- 30-yr.
• North America: US- Weekly Mortgage Stats, Weekly Crude, 10-yr.

DAR FM 15:23 GMT May 8, 2012
The main reason is over pricing of commodities and speculation of demand that the supply. It has started with crude and it followed by Gold to the range that it was in December around 1515 is were am expecting we can have long the moster.

Swan Valley Trout 15:21 GMT May 8, 2012
john, I think many are wishing that they knew in advance. For them "risk off" means "stop loss".

Cheers!

msa nsm 15:19 GMT May 8, 2012
pal i personally believe its a safe heaven but you need equity to hold it and manage swaps...i'm long for over a month now and still holding...crazy but i'm letting it run for near 6 months while adding every 50 dolls down (at psychological levels)

GVI Forex 15:19 GMT May 8, 2012 Reply   
EUR/USD dipped below the 1.30 handle as the Greek political forces continued to try and form a new governing coalition, although the pair remains above the four-month lows seen yesterday at 1.2956. Dealers were saying that EUR/USD remained vulnerable on a technical basis after it failed to fill the post-election gap of 1.3080

TradeTheNews.com US Market Update: Greek Coalition Talks Spook Markets

GVI Forex john bland 15:12 GMT May 8, 2012
Read down the Heat Map table. Classic Risk off session.

GVI Forex john bland 15:10 GMT May 8, 2012
Global-View.com Forex Heat Map

Forex Trading Tools Index

hong kong seek 15:10 GMT May 8, 2012 Reply   
Buy Gold
Entry: 1600 Target: 2000+ Stop: -

AB--Load gold 1600 ...time to park cash into gold ...gt

London JK 15:09 GMT May 8, 2012
I dont trade Gold but thought that it was a safe haven so confused why it is being sold - any comments appreciated.

msa nsm 15:07 GMT May 8, 2012
me here.....think i got a handful of grey hair today..maybe by tomorrow it'll all be white :(

DAR FM 15:07 GMT May 8, 2012 Reply   
Sell GBPUSD
Entry: 1.6144 Target: 1.6080 Stop: 1.6176

There a in downtrend

Swan Valley Trout 15:07 GMT May 8, 2012
Added at 1.2983

Cheers

UK Malc 14:59 GMT May 8, 2012
How many who played the range are long gold from higher and sweating?

msa nsm 14:54 GMT May 8, 2012
Buy EURCAD
Entry: Target: Stop:

close to wedge breakout...possibly next two days???

msa nsm 14:51 GMT May 8, 2012
nzd/jpy also close to 61.8%....really looking forward to the close as already long nzd/jpy from 50% and looking to add nzdusd and nzd/jpy tomorrow open

Swan Valley Trout 14:49 GMT May 8, 2012
SAR at 1.2988 for a swing higher.
Cheers!

Southport DHM 14:28 GMT May 8, 2012
also 61.8% of the 16 dec - 29 feb upleg just under that channel support at 7847. Interesting. Good observation on the channel.

hk ab 14:16 GMT May 8, 2012 Reply   
As usual, silly bank indicator is strongly bearish under these conditions.

But the bangster may wait till NY lunch time again to have their actions to 1580.

msa nsm 14:15 GMT May 8, 2012 Reply   
OTHER
Entry: Target: Stop:

nzdusd testing possible daily flag/channel support

Melbourne Qindex 14:07 GMT May 8, 2012 Reply   
Sell EURUSD
Entry: Target: Stop:

EUR/USD : Speculative selling pressure will increase when the market is trading below 1.2992.


Qindex.com


http://www.youtube.com/watch?v=dZEGYpXE5B4

EUR/USD : Monthly Cycle Charts

hk ab 14:01 GMT May 8, 2012 Reply   
maybe a limit at 1591.

hk ab 13:55 GMT May 8, 2012 Reply   
2nd wave comes.....

hk ab 13:52 GMT May 8, 2012 Reply   
sell aud as well.....

Swan Valley Trout 13:48 GMT May 8, 2012
Big red done ate all his oats this morning! Let him run his race Ronnie!!

hk ab 13:43 GMT May 8, 2012 Reply   
practically, there will be a 2nd "unbelievable" dip.....

sell sell sell... and test the sharks.

msa nsm 13:31 GMT May 8, 2012
half 104.14 and full at 104.27................

Anyone willing to give a hand on my trend indicator? just get in touch incase interested coz it'll benefit both parties ;)

msa nsm 13:28 GMT May 8, 2012
closing e/j shorts from 104.27 SAR and reshort again at same level for deeper targets now

Kaunas DP 13:17 GMT May 8, 2012
Buy Gold
Entry: Target: Stop:

1580 s/b nice long in case the plankton drops the towel...

hk ab 13:13 GMT May 8, 2012 Reply   
Raden, your bias is being watched by shark the 2nd time.....

eur will follow, don't need to worry.

msa nsm 13:08 GMT May 8, 2012
now i'm having cold feet on my gold longs..... ;( if we break 1600....its bad

Swan Valley Trout 12:47 GMT May 8, 2012
Chicago DV 19:42 GMT May 7, 2012
buy euro:
Trout you have been singing the same tune since arly this morning. Is there a level where the butterfly says uh-oh?
______________________________________________
No need for uh-oh when we say "Oh yeah!" instead.

Cheers!

Melbourne Qindex 12:47 GMT May 8, 2012
Sell Gold
Entry: Target: Stop:

Gold : The next two downside barriers are 1616.9 and 1601.4.


Qindex.com


http://www.youtube.com/watch?v=dZEGYpXE5B4

Gold : Monthly Cycle Charts

GVI Forex john bland 12:46 GMT May 8, 2012
DAX -52

futures:
DJ -67
SP -7

Correlation trade working loosely today.

Melbourne Qindex 12:44 GMT May 8, 2012 Reply   
Sell Gold
Entry: Target: Stop:

Gold : The bias is on the downside when it closes below 1623.8 in the New York session.


Qindex.com


http://www.youtube.com/watch?v=dZEGYpXE5B4

Gold : Monthly Cycle Charts

Swan Valley Trout 12:44 GMT May 8, 2012
Swan Valley Trout 10:41 GMT May 7, 2012
Hello friend. Not an expert at targets per se but perhaps 1.2985-1.30 will be reasonable.
_______________________________________________
Cheers!

hk ab 12:35 GMT May 8, 2012 Reply   
lots of ninja opportunity!

GVI Forex john bland 12:34 GMT May 8, 2012
Greece: Hearing leftist Syriza party leader saying bailout pledges null and void after election. Also will not join a government of national salvation. Wants a goverment of leftist parties only.

EURUSD testing below 1.3000.

Tallinn viies 12:33 GMT May 8, 2012 Reply   
15:22 08May12 RTRS-GREEK LEFT COALITION LEADER TSIPRAS SAYS GREECE'S BAILOUT PLEDGES ARE NULL AND VOID AFTER VOTE
15:24 08May12 RTRS-GREECE'S TSIPRAS SAYS WANTS COALITION GOVERNMENT OF LEFTIST PARTIES
15:27 08May12 RTRS-GREECE'S TSIPRAS SAYS WANTS BANKS UNDER STATE CONTROL
15:27 08May12 RTRS-GREECE'S TSIPRAS SAYS WANTS INTERNATIONAL COMMISSION TO INVESTIGATE IF GREECE'S DEBT IS LEGAL

hk ab 12:32 GMT May 8, 2012 Reply   
ok, short 2x eur 1.2995

GVI Forex News 12:30 GMT May 8, 2012

hk ab 12:29 GMT May 8, 2012 Reply   
add 2nd entry 1616.

hk ab 12:28 GMT May 8, 2012
the gangster can't wait, I believe the blood in silver is even more.

hk ab 12:26 GMT May 8, 2012 Reply   
CB, any info for the flow?

hk ab 12:26 GMT May 8, 2012 Reply   
unbelievable dip just comes!!!!

msa nsm 12:01 GMT May 8, 2012 Reply   
hi mates....i have an amazing indicator that i really need help programming to make it an EA...so far the back test is 87% accurate. It trades with a risk reward of 1:1 in range markets but amazing in trending markets. works only on two pairs (that's a secret :) ). anyone willing to assist kindly get in touch..safe trades

GVI Forex Jay Meisler 11:55 GMT May 8, 2012
Tel Aviv Sharon - can you email me. I have a quick question for you. Nothing urgent but would like to make contact.

GVI Forex john bland 11:45 GMT May 8, 2012
Global-View.com Forex Heat Map

Forex Trading Tools Index

msa nsm 11:38 GMT May 8, 2012
msa nsm 11:03 GMT May 8, 2012
fibb : Reply
Buy AUDUSD
Entry: now Target: Stop:

small hedge.looking for 20 pips min

_______________
Add short 1.0163 (small long target)---SAR

Melbourne Qindex 11:30 GMT May 8, 2012 Reply   
Sell EURGBP
Entry: Target: Stop:

EUR/GBP : Critical Point 0.8038


The market is going to vibrate around the critical point at 0.8038 with an expected magnitude of 0.8001 - 0.8075 for the time being.


...0.7964 // 0.8001 - [0.8038] - 0.8075 // 0.8113 ...


Qindex.com


http://www.youtube.com/watch?v=dZEGYpXE5B4

EUR/GBP : Monthly Cycle Charts

Tel Aviv Sharon 11:28 GMT May 8, 2012
Buy EURUSD
Entry: Target: Stop:

EU commissioner Rehn: Stability and growth must be twin goals..

tokyo rana 11:27 GMT May 8, 2012
better listen to music no fun trading no move..........

http://www.youtube.com/watch?v=XAhTt60W7qo&ob=av3e

msa nsm 11:26 GMT May 8, 2012
getting a long signal now

hk ab 11:17 GMT May 8, 2012 Reply   
Hm... it's relative weak, anyway. bought enough.

Lahore Ali Hussian 11:15 GMT May 8, 2012 Reply   
Hi FM
dear where you see gold.
What do you think market is sitting in position of selling or not yet

GVI Forex 11:12 GMT May 8, 2012 Reply   
EURUSD came close but did not fill the gap to 1.3080, which keeps the focus on 1.30 and below (see chart) . In this regard, pivotal levels remain at 1.2950 and 1.3050 as the downtrend consolidates. The market has been down this road before but this time the EUR is not the only weak link

Jay Meisler's Daily Forex Weathermap - EURUSD

tokyo rana 11:04 GMT May 8, 2012
aud still south...

msa nsm 11:03 GMT May 8, 2012 Reply   
Buy AUDUSD
Entry: now Target: Stop:

small hedge.looking for 20 pips min

tokyo rana 10:58 GMT May 8, 2012
Sell EURAUD
Entry: from1.3030 Target: open Stop: keep adding on 100pips rise from 1.3030

pending..........it shud at least reach 1.3030/50....happy trade

GVI Forex 10:48 GMT May 8, 2012 Reply   
The EUR was softer in cautious trading as the markets continue to analyze the new political climate following the elections in France and Greece over the weekend. Greece continued to try top form a coalition govt with the Syriza party now to receive mandate after New Democracy's Samaras failed to form a new government. Other headwinds for Europe emerged

TradeTheNews.com EU Market Update: New political landscape in Europe continues to weigh on risk appetite

Central Kwun 10:35 GMT May 8, 2012
Even I have shorted at that level, really no guts no hold that long, afraid Gold will suddenly rebound to short squeeze

Central Kwun 10:32 GMT May 8, 2012 Reply   
FM, you are really genius! Gold short at 1640 makes big money again.

Lahore Ali Hussain 10:17 GMT May 8, 2012 Reply   
Sell EURUSD
Entry: 1.3020 Target: Stop: 1.3120

Target

1,2960 1,2900 1,2840

GVI Forex john bland 10:02 GMT May 8, 2012

GVI Forex john bland 09:58 GMT May 8, 2012 Reply   

• Key Items: US- 3-yr, API.

• Markets are looking for direction at the present time with not a lot of major news on the horizon in coming days. One focus is Greek efforts to cull together a new government. Parties have a deadline of May 17 to form a new government or new elections will be called (likely June 17).

• Thursday will see another state election in Germany in Rhineland- Westphalia  after the Merkel coalition lost control of the state Schleswig-Holstein last weekend. Merkel an New French President will meet for the first time next week.

• The 10-yr bund is 1.57%, -3 bp. The key EURUSD 20-day average is 1.3156. Key European bourses are lower. The EURUSD is weaker. No major U.S. data are due.Te U.S. 10-yr is 1.84% +1bp.

• Key Asian bourses closed mixed. The 10-yr JGB is 0.87%, +1bp. The USDJPY is steady. The key USDJPY 20-day average is 80.73. EURJPY is lower. Its 20-day average is 106.21. 

tokyo rana 09:57 GMT May 8, 2012 Reply   
Buy EURUSD
Entry: 1.3005 Target: open Stop: 1.29

going long.....happy trade

GVI Forex Blog 09:56 GMT May 8, 2012 Reply   
Key Items: US- 3-yr, API. Markets are looking for direction at the present time with not a lot of major news on the horizon in coming days. One focus is Greek efforts to cull together a new government. Parties have a deadline of May 17 to form a new government or new elections will be called (likely June 17).

Forex Trading Talk 10:00 GMT 8 May 2012

msa nsm 09:50 GMT May 8, 2012
hi KaL, preparing to add longs a/j and n/j maybe in US session?...almost at lows

GVI Forex john bland 09:48 GMT May 8, 2012 Reply   
09:45 GMT (Global-View.com) May 8- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is opening Tuesday in North America at .5260, +0.42% from its Monday close (-2.23% vs. end-2010).

As for its key subcomponents, the USD forex purchasing power index is .7807, +0.29% (+0.32% 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 .1770, +0.61% (-12.77% end-2010).

Against crude, it is at 0.4599, +0.95% (-5.70% vs. end-2010). The D.O.G. Index base is 1.00. It is measured against levels from the start of 1999, as of the initial launch of the euro (currency).

hk ab 09:29 GMT May 8, 2012 Reply   
close 1/2 short at 103.89, seems major wants to do a bounce.

hk ab 08:33 GMT May 8, 2012 Reply   
short 104 to hedge gold longs.

Maribor BS 08:24 GMT May 8, 2012
GBP buy @1,6145, AUD buy @1,0144, EURGBP sell 0,8063... short term signals.

Shanghai 08:11 GMT May 8, 2012 Reply   

Let's see how the Chinese face their REAL culture

the real china 2012

Maribor BS 08:10 GMT May 8, 2012 Reply   
EURAUD triggered sell signal @1,283...target so far(can change) 1,278.

hk ab 07:55 GMT May 8, 2012 Reply   
Hope to see Zeus today later for his well timed signal and info!

Syd 07:50 GMT May 8, 2012 Reply   
Canny Brit foxes German sunbed snatchers at the pool.

sunbeds

Syd 07:44 GMT May 8, 2012 Reply   
Online tourism bookings from abroad are pointing to a 12.5 percent decline for this year, according to the Airfasttickets travel agency.

Association of Hellenic Tourism Enterprises president (SETE) Andreas Andreadis expects receipts from tourism to drop below 10 billion euros this year, after climbing to 10.5 billion in 2011.

GVI Forex Blog 07:42 GMT May 8, 2012 Reply   
- (AU) AUSTRALIA MAR TRADE BALANCE (A$): -1.59B V -1.3BE (3rd consecutive deficit; 2-year low) - (KR) SOUTH KOREA APR PRODUCER PRICE INDEX (PPI) Y/Y: 2.4% V 2.8% PRIOR (lowest since Feb 2010) - (UK

TradeTheNews.com Asian Market Update: Markets recover from Monday's loss but remain cautious over Europe; Australia posts another trade deficit in March Have Market Intel? TradeTheNews.com Tip Line

hk ab 07:38 GMT May 8, 2012 Reply   
for those new friends, the following is the great comment from our respected BC. I still miss his message a lot but he is too busy and not showing up often lately.

shanghai bc 23:23 GMT August 25, 2011
gold: Reply
LJ BK 12:54 GMT August 25, 2011

1900 was just a mole-hill..I am almost certain we will see well above 5000 when this Dollar and equity run-down or Gold rush run its course some years down the road..But market makers always make fool of those when the farm-betting crowd shout for the Moon in any market..And the crowd's sentiment turns cold after loosing their farms and shirts..And the market makers start again their longs..The pattern will always be the same as long as there is a market and the ever-charitable crowd..

Expecting to see somewhere between 1600-1550 before this correction ends in coming weeks..And the market moves up to another new mole-hill..

hk ab 07:31 GMT May 8, 2012 Reply   
add 1/4 1629.

Honky G 07:25 GMT May 8, 2012 Reply   
Sell Gold
Entry: MRK Target: 1530 Stop:

Anyone noticing Gold is breaking 4yr uptrend support..... see you guys couple hundred bux lower ! Offered over in size

SaaR KaL 07:24 GMT May 8, 2012
Cable buy here

adding

1.6718 1.6127
1.6759 1.6087
1.6821 1.6024
1.6869 1.5976
1.6920 1.5925

hk ab 07:22 GMT May 8, 2012
Kwun, of coz....

I will need to see at test of 105 soon... and hope that it will give us more guidlines.

Central Kwun 07:12 GMT May 8, 2012
ab, did you take your profit for your long gold yesterday? Gold is weak

hk ab 07:12 GMT May 8, 2012
added half more at 1630.5

hk ab 07:00 GMT May 8, 2012 Reply   
last 1/4 at 1631.7... that's it.

hk ab 06:56 GMT May 8, 2012
ok, kick in 1/4 more 1631.3

hk ab 06:53 GMT May 8, 2012 Reply   
miss the 1/2 by 1 pip!!

may buy at anything under 1631.

KL, you should be happy now to escape from the shorts...

hk ab 06:46 GMT May 8, 2012 Reply   
buy 1/2 1632.

another half 1630.1 onl limit

Indonesia Solo Raden Mas 05:53 GMT May 8, 2012 Reply   
top tgt 1.3119. keep buy

SaaR KaL 05:28 GMT May 8, 2012
GBPCAD
In general a sell
for next 2-3 Months

1.6286 1.4768
1.6392 1.4669
1.6555 1.4516
1.6681 1.4398
1.6816 1.4272

Indonesia Solo Raden Mas 04:33 GMT May 8, 2012 Reply   
critical level tgt is 1661

Indonesia Solo Raden Mas 04:33 GMT May 8, 2012 Reply   
top tgt 1.6366

Indonesia Solo Raden Mas 04:31 GMT May 8, 2012 Reply   
tgt 131.19

Indonesia Solo Raden Mas 04:30 GMT May 8, 2012 Reply   
bullish mode to touch 80.69

Syd 02:54 GMT May 8, 2012 Reply   
Iran accepts renminbi for crude oil
http://www.ft.com/home/asia

Syd 02:09 GMT May 8, 2012 Reply   
Labor's boat people would fill the city of Griffith

THEY would fill the city of Griffith in the Riverina, Grafton on the north coast, and would more than triple the size of Yass

GVI Forex Jay Meisler 01:47 GMT May 8, 2012
Sharon, can you email me pls

Swan Valley Trout 01:47 GMT May 8, 2012
Nice.

Tel Aviv Sharon 01:42 GMT May 8, 2012
Eurozone crisis: Merkel tells Athens and Paris to stick to spending limits.

Europe's 30-month effort to save the euro by slashing spending and debt levels risks turning into a crisis of political legitimacy after EU leaders' strategies collided spectacularly with the wishes of voters in Greece and France.

The impasse was most graphically demonstrated when Germany's chancellor, Angela Merkel, insisted Athens must comply with the stringent terms of its €130bn (£100bn) bailout even though more than 60% of the Greek electorate had voted for parties rejecting those terms.

Following a French election campaign in which she strongly backed the loser, Nicolas Sarkozy, and snubbed the president-elect, François Hollande, Merkel stressed her opposition to Hollande's central campaign pledge: reopening the euro's new rulebook, or fiscal pact.

"That's just not on," she told a Berlin press conference called to address the huge shift from right to left in France.

The first attempt to cobble together a new Greek government collapsed quickly when Antonis Samaras, the centre-right leader, called off negotiations. Greece appears to be on the brink of ungovernability as a result of a messy election triggered by the euro crisis. The stock market suffered its worse fall since 2008, losing as much as 8% of its value before closing 6.7% down. The country's banking index was 13% lower.

Market analysts shortened the odds against the country's chances of surviving in the single currency.

"The irresistible force of German austerity has clashed with the immovable object of Greek popular resistance," said Tristan Cooper, sovereign debt analyst at Fidelity Worldwide Investment. "The eurozone's weakest link just got weaker. Although it should be no surprise that Greeks are spurning the bitter medicine, the violence of the rejection is a shock. A Greek eurozone exit is now firmly on the cards."

But Klaus Regling, the German head of the eurozone's temporary bailout fund, warned that a return to the drachma would "be a catastrophe for Greece".

In an election that saw the most spectacular collapse of big established parties in modern European democracy, the centre-right New Democracy and the centre-left Pasok mustered just over 30% of the vote between them, compared with almost 80% three years ago.

Samaras, the New Democracy leader, said he had "returned the mandate", abandoning the attempt to construct a parliamentary majority. "We did whatever was possible," he said.

The big winner, Syriza, a coalition of leftist radicals that came second, squarely blamed Merkel for the mess. "European leaders and especially Merkel have to understand that austerity policies have suffered defeat," said its young leader, Alexis Tsipras.

After two years of prescribing austerity as the cure for the debt disease and establishing the legal instruments to entrench it, EU leaders have now switched to talking of growth strategies. They speak of the merits of growth, but are split on how to achieve it.

Both centrist leaders in Athens, Antonis Samaras of New Democracy and Evangelos Venizelos of Pasok, called for the bailout terms to be renegotiated, putting the commission, the International Monetary Fund, and the European Central Bank on the spot.

"We've said over and over that Greece should stay in the euro. But everyone has to carry their responsibilities. Solidarity is a two-way street," said Amadeu Altafaj, spokesman for Olli Rehn, the euro commissioner. "Timely implementation of the programme is of the essence."

That appears a tall order, though, with Greece apparently condemned to weeks or months of instability and the possibility of having to stage yet another election.

Merkel has her own electoral problems. After losing a regional state election on Sunday and facing a sterner test next weekend in the key state of North-Rhine Westfalia, she stuck to her hard line on fiscal rigouron Monday. But she was also generous towards Hollande, saying she would welcome him to Berlin "with open arms". Hollande, who has never met Merkel, has said he will go to Berlin the day after he is sworn in, scheduled for next Tuesday.

With European politics flirting with meltdown as incumbent leaders are felled, the renewed air of emergency is generating heated language from senior figures, mainly directed at Merkel.

On Monday the former president of Latvia, Vaira Vike-Freiberga, argued that the EU was becoming both dominated and neglected by Germany.

"Is the Europe that is emerging from the euro crisis a German one? During the euro crisis, power in the EU seems to have shifted towards one national capital in particular, Berlin," she wrote in Warsaw's Gazeta Wyborcza, together with Portugal's former European commissioner Antonio Vitorino. "Germany, it seems, is becoming a 'geo-economic power' driven by the needs of its export sector. By using economic means to pursue its foreign-policy ends, Germany is gradually turning its back on its European partners."

The anti-German sentiment, which has Berlin worried, is echoed in a cri de coeur from Greece's outgoing development minister and former European Commissioner, Anna Diamantopoulou, to Jacques Delors and Romano Prodi, two former commission heads, couched as an "SOS" to save Europe. Her letter, leaked to the Guardian, argues passionately that the austerity gripping Europe has reduced the union to quasi-wartime conditions. "It is like a war when a country loses 20% of its GDP in 18 months. It is like a war when we have the reappearance of rations in European capitals. It is like a war when millions of young people, the best and the brightest, leave their countries behind," she wrote.

"Greece, Italy, Spain, Portugal, Ireland and even France are in the midst of a forest fire which is spreading alarmingly fast. The belief that such a fire can be stopped at national borders is misjudged. The European Council has been shrunk by the authority of its financial powerhouse, Germany."

Syd 01:42 GMT May 8, 2012 Reply   
KL KL 23:26 sorry to say we are now paying the price for the Labor spending spree , using Howards hard earned money while he was in office ... typical Labor trick free money for everyone and an open door policy we are paying for , we have had 17.000 asylum seekers arrive since Labor took office and the people are footing the bill

Kuala Lumpur Mat Hadir 01:38 GMT May 8, 2012
"chancellor, Angela Merkel, insisted Athens must comply with the stringent terms of its €130bn (£100bn) bailout even though more than 60% of the Greek electorate had voted for parties rejecting those terms"

Dear Miss Merkel et al,

Stop sending the Greeks battle ships and fighter Jets instead of money as they can't feed their economy while polishing their new misiles!..

Tel Aviv Sharon 01:24 GMT May 8, 2012
€ 130 billion could save Greece?

Tel Aviv Sharon 01:22 GMT May 8, 2012
Euro falls on sovereign downgrade..