Forex Futures Forum Archive for 03/02/2010

GVI Forex Blog 22:50 GMT March 2, 2010 Reply   
Back in 2005, the term “sub-prime mortgages” was confined to conversations inside the real estate investment community. In just a few short years, the term became the “shot heard ‘round the world” as sub-prime debt infected the entire global financial community.

“Beware of Greeks bearing gifts.” - Some gift!

GVI Forex Blog 22:42 GMT March 2, 2010 Reply   
Canada's currency jumped against the U.S. dollar on Tuesday after the Bank of Canada left interest rates unchanged, but it finished off the six-week high it hit earlier in the day, while short-term bonds held lower.

Forex Market News - CANADA FX DEBT-C$ rises for third day, short bonds fall

GVI Forex Blog 22:27 GMT March 2, 2010 Reply   
Greece and Germany nearing a deal? Hoenig defends Fed's independence GBP off further

Forex Market Commentary and Analysis (2 March 2010)

GVI Forex Blog 21:35 GMT March 2, 2010 Reply   
The euro rebounded from a 9-1/2-month low against the dollar on Tuesday as investors awaited new plans to address Greece's debt crisis and held out hope for some form of help from the European Union.

FOREX NEWS-Euro rebounds on Greek hopes; Canada dollar rises

LONDON Mamun 20:40 GMT March 2, 2010
closed 1/2 at 10403,1117,5470 and 5755

LONDON Mamun 20:30 GMT March 2, 2010
keep short next 20 minutes

KL KL 20:26 GMT March 2, 2010
Mamun

Just play ninja....can you duck into Portugal and Ireland and see how is life there.....probably not a bit concern about the coming collapse of the Euro currency....perhaps the European Union.....wonder if that is what going to send the world into DEPRESSION or China Sudden tightening and property CRASH....

Rally is strong cracking 1120 on SnP but not holding is keeping everyone guessing....Dow Cracked 10400 so onto 10500 now?? Got to play it by the minute and by the day and depending on how convincing the lie.....Gold Powering ahead....asking for it near 1140....just not sure what to short into NFP.....Party time Friday.....

GVI Forex Blog 20:15 GMT March 2, 2010 Reply   
Towards the end of last week, the USD/CAD was originally showing showing some bullish signals, that is until Friday. Friday’s price action was bearish, and invalidated the bullish assessment…

FXTimes: Daily Technical Update USD/CAD How I Missed the Bearish Signals

GVI Forex Blog 20:14 GMT March 2, 2010 Reply   
The AUD/USD was supported just above the 61.8% retracement near at the 0.877 area, and is on its way to 0.92, which would complete a bearish Gartley…

FXTimes: Daily Technical Update AUD/USD Monitoring Rally to 0.92

LONDON Mamun 19:38 GMT March 2, 2010
ok
sold snp 1122, dow 10435, ftse 5482 and dax 5772

GVI Forex Blog 19:32 GMT March 2, 2010 Reply   
Risk-supportive European news dominated the evening sessions. The EU said it expects Greece will announce further deficit-reduction measures worth EUR4.8b, and UK plans to cut the budget deficit by GBP82b over 4 years were reported.

Forex Research - Morning Report

GVI Forex Blog 19:31 GMT March 2, 2010 Reply   
21:00 GMT- Mar 2 (global-view.com) We have been looking over various forecasts for U.S. non-farm payrolls due early Friday in the U.S. Originally some forecasts had looked for a flat to positive figure.

Daily GVI Forex Forex View- Setting Up For Jobs

GVI Forex Blog 19:00 GMT March 2, 2010 Reply   

Stocks Holding Gains but Rally is Slowing.

GVI Forex Blog 19:00 GMT March 2, 2010 Reply   

Dollar Mixed; Euro May Post Reversal Bottom

Hamburg 98ccm 17:20 GMT March 2, 2010 Reply   
I suggest selling S&P around these levels (1121 to 1123).
There was a suggestion from the floor to place stops at
1125.50 fwiw.
€ discussion reached tabloid newspaper over here but Gold still a better anti-dollar than €.

GVI Forex Blog 16:32 GMT March 2, 2010 Reply   
Price action on USD/JPY, a daily chart of which is shown, has just formed a tight consolidation after having made a strong bearish run in late February. This occurs within the context of a continuing

Chart of the Day - 3/02/2010 – USD/JPY

GVI Forex Blog 16:26 GMT March 2, 2010 Reply   
Mar 2 (global-view.com) UPCOMING DATA HIGHLIGHTS: On Wednesday, Australian, 4Q09 GDP data are due. In Europe, Eurozone and U.K. Service PMI figures are due. Eurozone retail Sales are expected. In North America,

GVI Forex- Data Outlook for March 3, 2010

GVI Forex Blog 15:46 GMT March 2, 2010 Reply   
The first thing I thought when he uttered the P-word: “that must be big government’s worst nightmare.”

The Free-Market System Couldn’t Care Less

GVI Forex Blog 15:25 GMT March 2, 2010 Reply   

Optimism Continues to Support Stock Market Rise.

GVI Forex Blog 15:25 GMT March 2, 2010 Reply   

Political Uncertainty, Debt Concerns Send British Pound Down Sharply

GVI Forex Blog 12:20 GMT March 2, 2010 Reply   

FX Thoughts for the day : 02-Mar-2010 - 1218 GMT

GVI Forex Blog 11:13 GMT March 2, 2010 Reply   
Traders of the US anticipate the publication of the ADP National Employment Report tomorrow March 2

Forexpros Daily Analysis - 02/03/2010

GVI Forex Blog 10:59 GMT March 2, 2010 Reply   
Currencies: European peripheral concerns continue to be the critical issue for the direction of currencies. The EUR/USD posted fresh 9-month lows below 1.3450 following comment s that the Greek civil servants union ADEDY would stage a 24-hour strike in the middle of the month to protest against the new measures.

European Market Update: New Greece measures expected on Wednesday; Euro tested fresh nine-month lows as Greek unions continue to protest austerity measures

GVI Forex Blog 10:49 GMT March 2, 2010 Reply   
11:00 GMT- Mar 2 (global-view.com) There was more than the usual uncertainty on policy heading into the Reserve Bank of Australia decision to hike its benchmark rate by 25bps today to 4.00%...

Daily GVI Forex Forex View- Active Week In Store

Syd 06:07 GMT March 2, 2010 Reply   
March 1 (Bloomberg) -- George Soros is helping drive up gold prices by doubling his bet in a market even he considers a “bubble” as Goldman Sachs Group Inc., Barclays Capital and HSBC Holdings Plc predict more gains before it bursts.

Soros Fund Management LLC, which manages about $25 billion, increased its investment in SPDR Gold Trust, the world’s largest exchange-traded fund for the metal, by 152 percent in the fourth quarter, a Feb. 16 Securities and Exchange Commission filing shows. While prices have fallen 9.2 percent since reaching a record on Dec. 3, 15 of 22 analysts in a Bloomberg survey say gold will reach a new high, with the median forecast predicting a 17 percent advance to as much as $1,300 an ounce this year. http://www.bloomberg.com/apps/news?pid=20601109&sid=avsz5zUl.3yo&pos=12

GVI Forex Blog 03:54 GMT March 2, 2010 Reply   

Morning Briefing : 02-Mar-2010 - 0340 GMT