Syd 05:04 GMT June 18, 2013
AUD, rates. - Source TradeTheNews.com:
Reply
*(AU) RESERVE BANK OF AUSTRALIA (RBA) JUNE MINUTES: POLICY APPROPRIATE FOR THE TIME BEING- AUD has fallen noticeably, though remains high given decline in exports; AUD could continue to fall in line with terms of trade, help balance economy. - Estimated GDP close to or slightly below trend in Q1; growth below trend last four quarters. - Reiterates inflation outlook might give scope to further cut rates. - Mining investment outlook difficult to predict, but appears close to peak; to remain high for the next year or so. - Conditions in non-mining remain subdued. - Forecasts further moderate employment growth. - Sees increased appetite for private borrowing. - Job growth to remain moderate, slower wages growth to help contain inflation. - Japan shift to foreign bonds could affect the AUD, rates. - Source TradeTheNews.com
Hong Kong AceTrader 01:23 GMT June 18, 2013
Jun 18 : Yen falls on improved risk appetite as global equities rise before gaining in late NY trade:
Reply
Market Review - 17/06/2013 22:26GMT
Yen falls on improved risk appetite as global equities rise before gaining in late NY trade
The Japanese yen dropped against dollar on Monday on risk appetite due to the strong gain in global equities as investors expected the Federal Reserve's policy announcement on Wednesday will show the central bank keeps its stimulus measures until the employment improves substantially, however, pice later fell in New York afternoon on renewed dollar' broad-based weakness.
Versus the Japanese yen, the greenback edged higher from New Zealand low at 94.12 in Asian session as Japan's equities pared early losses and turned into positive territory (Nikkei closed up by 346 points) and climbed to 95.12 in European morning before trading narrowly in New York morning. Later, the pair rose above 95.12 to an intra-day high at 95.22 in U.S. afternoon due partly to the comments from G8 leaders.
G8 leaders said 'economic prospects remain weak, downside risks have reduced after action in U.S., euro area and Japan; optimism in financial markets has yet to be translated fully into broader improvements in economic activity; monetary policy should continue to support recovery, be directed toward price stability based on respective mandates of central banks; Japan to be supported by near-term fiscal stimulus, bold monetary policy and new plan for promoting private investment; Japan will need to address the challenge of defining a credible medium-term fiscal plan; downside risk in the euro area have abated over the past year, additional reforms strongly needed; the U.S. recovery is continuing, budget deficit declining rapidly, still need for more stimulus progress.'
Despite euro's brief rise to 1.3357 in Australian morning on cross buying of euro versus yen, the pair retreated to 1.3319 in Asia but euro edged higher to 1.3358 in New York morning before pullback to 1.3328 in U.S. afternoon but the single currency later rallied to an intra-day high of 1.3382 near New York close on dollar's broad-based retreat.
Although the British pound rose initially to 1.5734 in New Zealand morning, offers below last Thursday's top at 1.5738 capped its upside and price dropped in tandem with euro to 1.5691 at Asian midday, however, renewed buying interest pushed the pair above 1.5738 to a fresh 4-month top at 1.5753 in New York morning but price retreated after the release of better-than-expected U.S. NAHB housing market index (52, better than the expectation of 45 and the first time above 50 since April 2006) and cross selling of sterling versus euro pressured the pound below 1.5691 to 1.5681 in U.S. afternoon before staging a strong rebound to 1.5739 in tandem with euro's firmness.
Earlier in Australia, the pound was supported after release of U.K. Righmove house prices which showed Britain's home asking prices rose 1.2% in June, this represented a sixth consecutive month of increase.
On the data front, U.S. Empire State manufacturing index in June came in at 7.84, better than the forecast of -0.50. Euro zone trade balance in April came in at 14.9B euros, less than the forecast of 18.5B euros.
In other news, German Finance Ministry spokesman Kotthaus said 'Greece has "reached a lot" under programme; Greece must stay on track on reforms; "right" for IMF to stay in Troika near-term.' Spanish budget minister Montoro said 'Spain is leaving the crisis behind.' ECB's Weidmann said 'short-term success in budget consolidation must not distract from necessary long-term deficit reduction.' EU's Rehn said 'Ireland, Portugal head to successful program exit; possible "precautionary arrangements" to aid exit.'
Data to be released on Tuesday :
RBA June minutes, Japan industrial production, capacity utilization, machine tool orders, U.K. PPI, CPI, RPI, ONS house price, German ZEW economic sentiment, ZEW current condition, EU ZEW economic sentiment, U.S. housing starts, building permits, retail sales.
Singapore SC 01:11 GMT June 18, 2013
Fed:
Reply
"The sensitivity of asset prices to headlines and seemingly inconsistent moves among them - U.S. Treasury yields moving higher but the U.S. dollar coming under pressure ... shows the degree of nervousness and confusion among investors regarding the most likely path of the Fed's monetary policy," Barclays Capital said in a research note.
Barclays added that this nervousness will continue to dominate trading, keeping market volatility elevated, until the outcome of the Fed meeting and Bernanke's news conference on Wednesday. Reuters
LA Bar 01:05 GMT June 18, 2013
Fed:
Reply
Is this market paralyzed waiting for the fed?.
Mtl JP 22:10 GMT June 17, 2013
- My Profile
Cyprussed (yet to be):
Reply
Euro zone ministers to discuss bail-in rules in bank rescues
Jun 17 (Reuters) - Euro zone finance ministers will discuss on Thursday how to decide which creditors will lose money and in what order during future bank rescues by the bloc's bailout fund, the European Stability Mechanism. .../..
-
Bottom line
Banking 101:
- a depositor, on banks books, is a creditor (i.e. a liability)
- banks are not a place to keep your money safe from the grubbers
GVI Forex Blog 21:55 GMT June 17, 2013
- My Profile
Reply
Hilsenrath last Wednesday served up the latest deep background from the Fed (Bernanke surrogate surely) leaving little doubt that the Chairman and his consensus is very much in synch on beginning the process, however long, of winding down QE3
Fear tightening not tapering (FXA)
Mtl JP 21:29 GMT June 17, 2013
- My Profile
Focus on Japan. Fed on Wednesday:
Reply
john 21:06 - says Mauldin: ...Get used to it: currency wars are likely to be a feature of the landscape for the rest of this decade. (My friend Mohamed El-Erian, CEO of PIMCO, corrected me on stage recently, telling me the polite term du jour is "currency tensions." And compared to what I think is coming, we really are just in the tension phase. Later we will get to skirmishes and then full-fledged currency combat.)"... in his June 15 Economists Are (Still) Clueless
diatribe
-
now we are warned
GVI Forex john -- Inner Circle 21:24 GMT June 17, 2013
- My Profile
Calendar :
Reply
June 17, 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Tuesday, June 18.
Updated: Trading Events Calendar
HIGH IMPACT RELEASES: US- GB- CPI, DE- ZEW, US- CPI, Housing Starts
SaR KaL 21:14 GMT June 17, 2013
- My Profile
EURJPY :
Reply
EURCAD
Do not miss this folks
Now @ 1.36123
Buy
One week Trade Buy Below 1.3803
1.41 next week
SaR KaL 21:11 GMT June 17, 2013
- My Profile
EURJPY :
Reply
EURUSD
Now @ 1.33657
Buy
One week Trade Buy Below 1.3498
Next week
1.3823
GVI Forex john -- Inner Circle 21:06 GMT June 17, 2013
- My Profile
Focus on Japan. Fed on Wednesday:
Reply
- HIGH
IMPACT ITEMS: US- GB- CPI, DE- ZEW, US- CPI, Housing Starts
- The FT ran a mid-afternoon
story indiacing in their opinion the Fed could be more hawkish than
expected on Wednesday.Odds are this is not a leak to the press.
- U.S. Empire State PMI and the
NAHB index data on Monday were stronger than expected. More data will
be released Tuesday before the FOMC decision. The Fed policy decision
and Bernanke press conference
on Wednesday will be major events this week. Its not 100% certain, but
Fed reporter Jon Hilsenrath,
who often is a mouthpiece of the Fed, might have been a messenger to
the markets told the markets last week them not to expect much from the
central bank.
- Odds are the Bernanke press
conference
will be the most significant part of the Fed meeting, with the odds
strongly favoring no policy changes. Note in the latest week that U.S.
economic data has generally not showed much improvement. .
- Japanese officials are getting
a lesson about how difficult it can be to try to
manipulate the markets. Today Nikkei has gained and the JPY has eased.
- The German ZEW survey due
Tuesday is often seen as a predictor of the IFO Survey later in the
month.
20d
avg
|
10-yr
|
Equities
|
EURUSD
1.3105
|
JGB
0.83% -2bp
|
Asia
Close Higher
|
USDJPY
99.06
|
Bund
1.54% -2bp
|
Europe
Higher
|
EURJPY
130.39
|
U.S.
2.14% -4bp
|
U.S.
Higher |
GVI Forex Blog 21:04 GMT June 17, 2013
- My Profile
Reply
HIGH IMPACT ITEMS: US- GB- CPI, DE- ZEW, US- CPI, Housing Starts
The FT ran a mid-afternoon story indiacing in their opinion the Fed could be more hawkish than expected on Wednesday.Odds are this is not a leak to the press.
Focus on Japan. Fed on Wednesday
Cambridge Joe 20:16 GMT June 17, 2013
AUDJPY:
Reply
TYPO Sorry.
I **HAVE** AUDJPY firming into Asia and beyond.
Cambridge Joe 20:15 GMT June 17, 2013
AUDJPY:
Reply
I had AUDJPY firming into Asia and beyond.
About 20 mins out should be OK. IMO. GL
Cambridge Joe 20:04 GMT June 17, 2013
EURJPY move big:
Reply
wfakhoury 18:45
Great timing ! Well done and thanks.
I had nothing to see that coming.
SaR KaL 19:39 GMT June 17, 2013
- My Profile
KaL's Trend and Level:
Reply
Gold
Now @ 1383.44
One week Trade Buy Below 1418.3433
High Low
1,453.4255 1,384.1079
1,462.1960 1,375.8058
1,470.9666 1,367.6026
1,479.7371 1,359.4967
1,488.5077 1,351.4863
1,497.2782 1,343.5698
1,506.0487 1,335.7455
Next Week
High Low
1,482.0282 1,411.3466
1,490.9714 1,402.8810
1,499.9145 1,394.5164
1,508.8577 1,386.2510
1,517.8008 1,378.0830
1,526.7440 1,370.0106
1,535.6871 1,362.0323
Silver Bullish as well
Might see 28 in a month
Amman wfakhoury 18:45 GMT June 17, 2013
EURJPY move big:
Reply
Be ready to move big more than 150 pips
SaR KaL 17:19 GMT June 17, 2013
- My Profile
KaL's Trend and Level:
Reply
USD Index
Now @ 10519
One week Trade Sell above 10449.9891
High Low
10,531.4104 10,369.1974
10,551.7657 10,349.1943
10,572.1210 10,329.2682
10,592.4763 10,309.4187
10,612.8316 10,289.6453
10,633.1869 10,269.9477
10,653.5422 10,250.3253
Next Week
High Low
10,309.9644 10,151.1623
10,329.8917 10,131.5798
10,349.8190 10,112.0727
10,369.7463 10,092.6406
10,389.6736 10,073.2830
10,409.6009 10,053.9995
10,429.5282 10,034.7897
GVI Forex john -- Inner Circle 16:01 GMT June 17, 2013
- My Profile
Fixed Income:
Reply
Prices in prime fixed income prices mostly lower late in Europe. Prices in periphery are better.
SaR KaL 15:56 GMT June 17, 2013
- My Profile
KaL's Trend and Level:
Reply
GBPJPY
Flat now
One week Trade Sell above 147.4736
One Month Trade Sell above 148.7201
want to short it this week
One week Trade Sell above 147.4736
High Low
150.3906 144.6132
151.1198 143.9154
151.8490 143.2243
152.5783 142.5397
153.3075 141.8617
154.0367 141.1901
154.7660 140.5248
Next Week
High Low
146.3971 140.7732
147.1070 140.0939
147.8168 139.4211
148.5267 138.7547
149.2366 138.0947
149.9465 137.4410
150.6563 136.7933
SaR KaL 15:56 GMT June 17, 2013
- My Profile
KaL's Trend and Level:
Reply
GBPJPY
Flat now
One week Trade Sell above 147.4736
One Month Trade Sell above 148.7201
want to short it this week
One week Trade Sell above 147.4736
High Low
150.3906 144.6132
151.1198 143.9154
151.8490 143.2243
152.5783 142.5397
153.3075 141.8617
154.0367 141.1901
154.7660 140.5248
Next Week
High Low
146.3971 140.7732
147.1070 140.0939
147.8168 139.4211
148.5267 138.7547
149.2366 138.0947
149.9465 137.4410
150.6563 136.7933
Cambridge Joe 15:41 GMT June 17, 2013
AUDUSD:
Reply
Toasted ! A rough day finished of with a good kick in the stoploss.
Better day tomorrow... hopefully.
Cambridge Joe 15:01 GMT June 17, 2013
AUDUSD:
Reply
AUSUSD firming imminent ! IMO. GL
Nice to see you FM. Agree with $/CHF.. GL.
Lahore FM 14:45 GMT June 17, 2013
- My Profile
" Trade Ideas "
:
Reply
Buy USDCHF
Entry: Target: 0.9500 and 1.05 Stop:
the usdchf pair is heading north seriously..imoho!
GVI Forex Blog 14:37 GMT June 17, 2013
- My Profile
Reply
June 17, 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Tuesday, June 18. Updated: Trading Events Calendar
HIGH IMPACT RELEASES: US- Emoire PMI
Far East: JP- Industrial Ouput.
Europe: GB- CPI, PPI, DE- ZEW Survey.
North America: US- CPI,Housing Starts/Permits, API Energy.
Direct links to primary data sources
GVI Forex Upcoming Data for 18 June 2013
GVI Forex john -- Inner Circle 14:32 GMT June 17, 2013
- My Profile
Calendar :
Reply
June 17, 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Tuesday, June 18.
Updated: Trading Events Calendar
HIGH IMPACT RELEASES: GB- CPI, DE- ZEW. US- CPI, Housing Starts
GVI Forex john -- Inner Circle 14:03 GMT June 17, 2013
- My Profile
United States:
Reply
NAHB home builders Index much stronger than expcted.
Cambridge Joe 12:47 GMT June 17, 2013
USDCHF:
Reply
Rapidly turning into a 'bad hair day'. Should have stayed in bed. :-(
London Misha 11:51 GMT June 17, 2013
- My Profile
Observations:
Reply
EURUSD - Bearish Harami on Daily Chart but supported by a combo of Middle Tine of an AP & Fib at 1.3308.
USDJPY - Closing Black Marubozo just below 94.11 Fib but bounces back up today on Daily Chart.
GBPUSD - Bullish Hammer, 4th close over 2 key 50% Fibs (1.5636 & 1.5604) & 2nd close over Long MA on Daily Chart.
USDCHF - Small Bearish Harami on Daily Chart. Imminent Dead Cross of Short MA down through Short/Medium MA!
AUDUSD - Possible Tweezer Top on Daily Chart & close back below key 0.9578 Centre Tine of AP & May 12 low. Still over Downtrend.
USDINR - Opening Black Marubozo follows 2nd Bearish Shooting Star in 3 days on Daily Chart!
USDZAR - Bullish Harami, possible Tweezer Bottom bounces up off 9.7830 combo of Fibs on Daily Chart.
USDBRL - Bullish Piercing Pattern after Opening Long Black Marubozo & Bearish Engulfing Pattern on Daily Chart!
Cambridge Joe 11:01 GMT June 17, 2013
USDCHF:
Reply
Not so good today..... mkt shambling about.... however, decent signal for usdchf long looming around 11:30 GMT . Should at least be firmer thru NY. IMO. GL
SaR KaL 10:42 GMT June 17, 2013
- My Profile
KaL's Trend and Level:
Reply
Great spirits have always encountered violent opposition from mediocre minds - Albert Einstein
I wish this stuff stops in GVI
GVI Forex john -- Inner Circle 09:34 GMT June 17, 2013
- My Profile
Focus remains on Japan. Fed on Wednesday:
Reply
- HIGH
IMPACT ITEMS: US- Empire PMI
- Japanese officials are getting
a lesson about how difficult it can be to try to
manipulate the markets. Today Nikkei has gained and the JPY has eased.
- The major focus of the new week
is likely to be the Fed policy decision and Bernanke press conference
on Wednesday. Its not 100% certain, but Fed reporter Jon Hilsenrath,
who often is a mouthpiece of the Fed, might have been a messenger to
the markets telling them not to expect much from the central bank on
Wednesday.
- Odds are the Bernanke press
conference
will be the most significant part of the Fed meeting, with the odds
strongly favoring no policy changes. Note in the latest week that U.S.
economic data generally showed improvement.
20d
avg
|
10-yr
|
Equities
|
EURUSD
1.3053
|
JGB
0.81% -4bp
|
Asia
Close Higher
|
USDJPY
99.91
|
Bund
1.53% -3bp
|
Europe
Higher
|
EURJPY
130.39
|
U.S.
2.13% -5bp
|
U.S.
Lower |
GVI Forex Blog 09:31 GMT June 17, 2013
- My Profile
Reply
HIGH IMPACT ITEMS: US- Empire PMI
Japanese officials are getting a lesson about how difficult it can be to try to manipulate the markets. Today Nikkei has gained and the JPY has eased.
Focus remains on Japan. Fed on Wednesday
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