LONDON Mamun 20:26 GMT January 21, 2010
KL
Goog going to be out from china.
If Google closes its Chinese search engine, the biggest beneficiary is likely to be Baidu Inc., the search leader in china.
GOOG bellow 500 and bidu above 500
GVI Forex Blog 20:11 GMT January 21, 2010
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21:00 GMT- Jan 21 (global-view.com) The USD was in a positive frame of mind heading into trading in the U.S., but a populist gimmick by the administration to limit the business activities of large banks triggered a lot of uncertainty in the markets...
Daily GVI Forex Forex View- Obama Stalls USD Run
GVI Forex Blog 19:24 GMT January 21, 2010
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A second consecutive day of risk aversion saw US equities tumble, clearly breaking below trend support lines which had held for 10 months.
Forex Research - Morning Report
Hamburg 98ccm 19:17 GMT January 21, 2010
But Silver looks better than Gold, only options are very thinly traded.
Hamburg 98ccm 19:14 GMT January 21, 2010
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Anyone playing an upside bounce in Gold? (Maybe € a bit oversold, they didn't like speech in US, whats left?)
KL KL 19:05 GMT January 21, 2010
so hard to hold short .....especially fo gold......lifes good nood now.....will be covering 1/4 of what is left now.......and this1/4 for indices keep for 3 years.....
Mamun...playing goog LONG??....but I prefer to short other stocks....so many in my basket...
London Mamun 17:33 GMT January 21, 2010
BRAVE Man will close 1/2 position and the rest for RUN
Vienna GD 17:24 GMT January 21, 2010
@ES of course
Vienna GD 17:24 GMT January 21, 2010
EUR/USD Heading 1.3935, gold 1080 and snp 11111
congrats on that call mamun ... €ES bottomed at 1111
(;-)
GVI Forex Blog 16:39 GMT January 21, 2010
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Jan 21 (global-view.com) UPCOMING DATA HIGHLIGHTS: No major data are due from the Far East Friday. In Europe, U.K. Retail Sales and EZ Industrial orders are due. Belgian Leading indicators are a good predictor of Monday’s German IFO survey. Canadian retail sales are also important.
GVI Forex- Data Outlook for January 22, 2010
GVI Forex Blog 16:29 GMT January 21, 2010
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After rebounding off support in the 1.0200 price region late last week, USD/CAD (a daily chart of which is shown) has reflected strong dollar-strengthening in the past couple of days by breaking out
Chart of the Day - 1/21/2010 – USD/CAD
London Mamun 15:00 GMT January 21, 2010
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EUR/USD Heading 1.3935, gold 1080 and snp 11111
GVI Forex Blog 13:53 GMT January 21, 2010
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The Heritage Foundation convened again and published their most recent annual report that ranks the economic freedom of 183 countries around the globe.
Too Much Fun for Just One Government
Syd 11:45 GMT January 21, 2010
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A cooling in risk appetite and concerns China may aggressively tighten policy weighed on the Australian dollar in Asia Thursday, while interest rate futures ended unchanged after early gains were wiped by selling on hawkish comments from a central bank board member.
After a slew of top tier Chinese economic data painted a robust outlook for that nation's growth, traders soon took risk off the table on worries policy makers there may seek to clamp down on demand, denting appetite for the high yield Australian dollar.
Domestic bonds were driven by remarks from Reserve Bank of Australia board member Graham Kraehe, who cautioned Australia faces the risk of higher inflation on the back of an emerging shortage of labor and housing.
The RBA board member said steps need to be taken to offset a shortage of infrastructure and skilled labor, and said monetary policy was close to neutral.
"Our unemployment has clearly now peaked. We've got increasing and continuing demand for employment in the resources sector that will put pressures on wages," Kraehe told Dow Jones Newswires.
UBS Interest Rate Strategist Matthew Johnson said bonds sold off on Kraehe's comments.
"We now know there's a shift in the debate at board level to worrying about inflation risks. It's pretty dramatic," Johnson said. "It's incredibly important. People are definitely selling as a result of that article"
ICAP Economist Adam Carr said Kraehe's comments indicate the RBA is moving to restrictive mode, and makes next week's inflation numbers all the more important.
Ahead of that data, both bonds and the Australian dollar will be driven by equity markets, corporate earnings and swinging risk aversion. "We're all waiting to see how this current bout of risk aversion pans out," Carr said.
At 0530 GMT, the Australian dollar was quoted at US$0.9134, down from US$0.9173 late Wednesday. Against the Japanese yen, it was at Y83.69, up slightly from Y83.63.
Westpac strategist Jonathan Cavenagh said the currnecy remains a buy on dips, and should push to US$0.9170 overnight, mainly on a technical squeeze, and added the Chinese data was upbeat for the currency.
"China will continue to tighten. Are they going to tighten to the extent it's detrimental for the Australian dollar? I don't think so. The risks are the Australian dollar heads back up again," he said.
He said inflation figures next week are a key focus. "It would take a very weak number from an inflation point of view to stop the RBA tightening again in February."
In the rates market, the three-year March contract ended unchanged at 94.88, down from a session high of 94.94. The 10-year contract was also unchanged at 94.40.
Despite the weak tone, Australia's government bonds are drawing good demand from real money investors based in Asia and should continue to do so as Australia's debt position holds up very well compared to other nations, said Societe Generale Head of Trading in Hong Kong, Rob Reilly.
"The enquiry we see is coming from investors looking to buy the product because of the fact the rating is very good and the economic story for Australia is very good and the currency is very strong."
GVI Forex Blog 11:18 GMT January 21, 2010
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The euro hit a five-month low against the dollar on Thursday, weighed down by concerns over Greece and other peripheral euro zone countries, and by data which pointed to possible slower growth in the currency bloc.
FOREX NEWS-Euro hits 5-month low, hit by Greece, soft data
GVI Forex Blog 10:42 GMT January 21, 2010
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11:00 GMT- Jan 21 (global-view.com) The USD remains in a positive frame of mind heading into Thursday trading in the U.S. Positive momentum has been enhanced by expectations for a move to the center for U.S...
Daily GVI Forex Forex View- Positive USD Momentum
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