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02/04/15 8:28 A GB Construct PMI con: 60.4 pre: 60.1
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WSJ Access ?
SG KH 03:32 GMT 04/02/2015
Here you go. Interesting how robots are deployed to digest qualitative data as well these days.
--------------------------
How Computers Trawl a Sea of Data for Stock Picks

Funds managing billions hunt for investment clues in newswires, weather, Twitter

NEW YORK—In SoHo offices where robots occasionally ply the hallways, dozens of Ph.D. scientists with degrees in fields like astrophysics, immunology and linguistics huddle every day around computer screens that show billions of dollars zapping around the world.

Their goal: to give their secretive hedge-fund firm a leg up in investing the $24 billion it has under management. Scientists at the firm, Two Sigma Investments LLC, program its machines to cull torrents of information from sources like newswires, earnings reports, weather bulletins and Twitter.

They then write trading algorithms that make stock picks based on what they call “signals” in those data.

Two Sigma is part of a new frontier in computerized investing, in which scientists and engineers with little formal financial training are trying to funnel massive computing power into predicting securities prices by drawing from clues in news and data.

“The secret of the markets is they can be predicted,” says Alexander Migdal, a former Soviet physicist in Princeton, N.J., who writes algorithms to predict securities prices based on a broad set of data, such as news feeds. “Not 100%, of course, but just enough to make a difference, to make a profit.”

The approach is a form of so-called quantitative investing, because its trades rely mainly on mathematical models. But its practitioners differ from traditional “quants,” who program their computers to bet on statistical relationships among securities prices and don’t bother much with real-world information.

Instead, these practitioners’ aim is to get an advantage over human stock pickers by writing algorithms that are smarter and faster than any person could be in scouring the world’s information, finding patterns and making trading decisions in stocks, bonds, options, futures or currencies.

At Two Sigma, the strategy works like this:

In determining how to trade the stock of, say, a major big-box retailer, Two Sigma’s scientists and mathematicians devise dozens of computer-trading models related to the stock.

One model would automatically pore through analysts’ research for patterns in how they view the retailer—much as a human broker might. Another would look for clues in Twitter: It might identify one pattern—a growing number of customers tweeting complaints, say—and correlate that with another pattern, such as data showing fewer people visiting stores.

Additional algorithms would do other tasks human investors traditionally perform: watching for the stock price to break through a 200-day average, say, or monitoring whether executives are buying or selling company shares.

Each model would produce a trade suggestion, which would go through an algorithm written to weigh each idea based on its model’s historical performance and other factors. Then, a risk-management algorithm would check the suggested trade to make sure it didn’t overexpose the firm to the stock or sector. Finally, an execution system would automatically place a trade.

A model might take weeks for scientists to perfect. Once programmed into computers, a model might act in seconds or less.

“Most investment managers operate more or less the way they operated decades ago: Their investments are made using their brains,” says Two Sigma co-founder David Siegel. The firm’s systems constitute artificial intelligence, he says, and “represent the future of investment management.”

The firm typically holds investments for days, weeks or months.

Investing arms race

Companies like Mr. Siegel’s are beginning a new investing arms race on and off Wall Street. Some are tiny startups. Major quant firms are also exploring the strategy. Hedge-fund firms Renaissance Technologies LLC, with $25 billion under management, and D.E. Shaw & Co., with $36 billion, have explored similar operations, say people familiar with the companies. Both firms decline to comment for this article.

Such firms are part of a broader quest among businesses of all types to profit from so-called big data, the world’s growing flood of information on just about everything, by doing what’s often called “data mining.”

“The computational power available today, combined with the ability to store huge amounts of data, has allowed us to do things that were simply not possible before,” says Petter Kolm, director of the mathematics-in-finance program at New York University’s Courant Institute of Mathematical Sciences, which has sent graduates to Two Sigma and other firms that do data mining.

“We can solve problems now in real-time,” he says, “that would have taken days and weeks a decade ago.”

Firms practicing the approach tend to be secretive, and there are no data on how many companies or how much money is involved. People at such firms, and academics who study them, say strategies they write into their algorithms vary, as do the levels of human involvement during trading.

Some of the strategies worry some who say they may expose investors to undue risk. Among skeptics is Ray Dalio, founder of Bridgewater Associates LP, the world’s biggest hedge-fund firm. While not speaking specifically of Two Sigma, Mr. Dalio believes some such methods risk placing big bets on “spurious” relationships, a Bridgewater spokesman says.

Professors from University of California, Davis, and several other institutions warned in an April 2014 research paper of a trend of “overfitting” in math-based trading by hedge funds and other money managers, in which random correlations are interpreted wrongly as strong relationships.

‘Pseudo-math’

They concluded that “pseudo-mathematics” and “financial charlatanism” were running rampant on Wall Street. Such bad math, they wrote, “is a large part of the reason why so many algorithmic and systematic hedge funds do not live up to the elevated expectations generated by their managers.”

Some practitioners of the data-mining approach have failed to make it a business. Flyberry Capital LLC, a $2 million Cambridge, Mass., hedge-fund firm tested trading strategies based on reacting immediately to news events such as earthquakes near the coast of Japan. Its founder said he was especially interested in predicting how different investors would react to events like surprise changes in nonfarm-payroll statistics or the national energy supply. The firm closed earlier this year because it couldn’t attract enough investors, a spokesman says.

Two Sigma casts itself as a safe bet in a jittery, interconnected world where human judgment alone is no longer effective. “Do you want your doctor operating off of gut instinct?” Mr. Siegel asks. “I don’t. I want my doctor to be analytical in their diagnosis and use scientific procedures in their treatment. The same can be said for investment management.”

Mr. Siegel, 53 years old, founded Two Sigma in 2001 with mathematician John Overdeck, 45. It was ranked 22nd largest of 305 U.S. firms as of September 2014 by HedgeFund Intelligence, a data-and-research firm.

Last year, it raised a $3.3 billion “macro” fund—one of the largest hedge funds launched since the financial crisis. Another, its $6 billion Compass fund focusing on futures and currencies, returned more than 25% in 2014. The company’s website says its investors “include some of the world’s largest corporate and public pension plans, sovereign wealth funds, research institutions, educational endowments, hospitals and healthcare systems, and foundations.”

Two Sigma’s funds all take a big-data approach. Among its data sources are news bulletins, National Weather Service reports, market data, tweets and information from smartphone users who have agreed to be tracked by a retail-trend-analysis company.

Employees writing the algorithms typically have backgrounds in fields like physics, chemistry or machine learning—scientists adept at parsing large amounts of data. More than 100 employees have doctorates.

Thirty years ago, it was easier to make investment picks because the world wasn’t as interconnected, Mr. Siegel says. “Here’s the problem: What affects the price of a share of Apple stock? The answer: Pretty much everything. Absolutely every little thing has some effect. Every sale, every earthquake.”

Mr. Migdal, the former Soviet physicist, after leaving academia started a high-frequency-trading firm using computers to zip in and out of markets, earning tiny profits on hundreds of thousands of transactions. But he believes the profit opportunity there is diminishing. His new company, Migdal Research LLC, is devoted to longer-term predictions based on a broader data set.

Mr. Migdal, 69, compares data to water drops before they form a river. “Many little movements of the drop may become a flow,” he says. “Not all the events in the financial world take the form of dramatic and obvious announcements. Quite often, they begin as small drops moving in the same direction in a way that isn’t immediately visible to the human observer.”

Still, says NYU’s Mr. Kolm, computers aren’t close to being omniscient: “For the majority of financial-prediction models, the degree of certainty is much, much weaker” than even weather forecasts.

One risk, critics say, is a repeat of the 2007 “quant meltdown,” when models with similar assumptions broke down simultaneously at many firms. Long-Term Capital Management L.P.’s collapse in the late 1990s is also a stark memory: Backed by two Nobel Prize winners, it used mathematical methods to identify arbitrage opportunities but imploded in 1998, causing ripples across the financial sector.

Bridgewater, whose founder has expressed concern about data-mining, says it has invested in capability to analyze data. But its strategies are based on a “deep understanding of the logical cause-effect economic relationships that drive markets,” the spokesman says. In other words, humans come up with hypotheses and test them with powerful computers, rather than letting computers drive the entire process.

Two Sigma recently suffered a large loss when one fund dropped more than 12% in January after the Swiss National Bank abolished a currency cap and the Franc surged, says a person familiar with the fund. The fund was up 8% in February, the person says.

But the firm touts long-term consistency. One of its first funds, Spectrum, has an annualized return of 9.49% after fees and hasn’t had a down year since its 2004 creation, say people familiar with its performance.

Inspiration from robots

A walk through its offices shows how far it is from traditional Wall Street. In a room called the “Hacker’s Lab” where staff work on side projects, a researcher prints out an ergonomic keyboard on a 3-D printer while another teaches a robot to play air hockey. A robot from the lab occasionally plays shuffleboard in hallways.

Mr. Siegel earned a computer-science Ph.D. at Massachusetts Institute of Technology, where he studied at its Artificial Intelligence Laboratory. He is a lover of robotics and believes the Hackers Lab encourages staff to think differently about investing. He calls human investors “non-computer traders.”

To comb through data 24 hours a day, the firm has more than 100 teraflops of power—more than 100 trillion calculations a second—and more than 11 petabytes of storage, the equivalent of five times the data stored in all U.S. academic libraries.

It tightly guards its strategies, but a recent hiring campaign aimed at engineers from firms like Facebook Inc. and Twitter Inc. gives a glimpse. Prospective recruits don virtual-reality headsets that bring them through a frenetic Times Square and fly them over buildings in Dubai. “A lot to take in, isn’t there?” a male voice says. “Shopping, trends, traffic.”

What if, the voice continues, there were a burst of headlines about a volcanic eruption in Kamchatka, Russia? If the ash caused air-traffic delays, what would that mean for oil prices? “And that’s what we do at Two Sigma,” the voice says, “look for connections that make sense of it all.”

The company, which has grown to about 750 employees and is looking to hire 100 more engineers, needs brain power for a constant challenge: Where physicists in academia seek immutable laws, scientists writing these trading algorithms unearth patterns whose value disappears quickly as others discover them.

Profits hinge more on whether these firms’ cultures of experimentation can repeatedly give an edge than on discovering a “fortune’s formula,” says James Weatherall, author of “The Physics of Wall Street: A Brief History of Predicting the Unpredictable,” who has studied firms like Two Sigma.

The risk, he says: “If everyone is using the same models, you end up with weird market behavior.”

—Rob Copeland contributed to this article.

AceTrader Apr 2: Intra-Day News and Views (GBP/USD) & data to be released today
Hong Kong AceTrader 03:28 GMT 04/02/2015
Intra-Day Market Moving News and Views
02 Apr 2015 02:44GMT

GBP/USD - ...... Although cable fell in tandem with euro in Asia on Wednesday and then tumbled to a fresh 1-1/2 week trough at 1.4740 in European morning despite the release of upbeat Markit/CIPS Mfg PMI for March, intra-day rebound in eur/usd lifted price to 1.4847 in NY morning before moving sideways in NY afternoon session.

Yesterday's rebound from 1.4740 suggests further choppy trading inside early broad range of 1.5166 (post-FOMC high)-1.4689 would continue ahead of Friday's important U.S. non-farm payroll data and with mild upside bias and buying the pound on intra-day pullback is recommended today.
Having said that, investors shud pay attention to the release of U.K. Markit/CIPS construction PMI at 08:30GMT.
Market expects the reading to drop slightly to 59.5 from 60.1 in preceding month.

At the moment, bids from various accounts are noted at 1.4810-00, 1.4785/80 and then 1.4760-50 with stops emerging below 1.4740.
On the upside, offers are placed at 1.4860-70 and around 1.4890 with stops located just above 1.4900.

Thursday will see the release of Australia's trade balance, U.K. Markit constructions PMI, U.S. jobless claims, Canada's import, export and trade balance, U.S. ISM New York index, durable goods and factory orders.

WSJ Access ?
gc sf 02:59 GMT 04/02/2015
anyone got access to the full story - seems like it would be interesting reading....

"How Computers Trawl a Sea of Data for Stock Picks"

Gated WSJ Article


Asia
gc sf 02:56 GMT 04/02/2015
funny market here -- seems we do have a general USD weak bias after the numbers overnight - and I guess an expected weaker NFP than was first thought.

that leading to a slower to come rate rise etc etc ....

but with AUD + NZD trading weaker with a more USD (+) bias we have developed micro ranges in the majors... unable to budge... between the push + the pull.

USD/JPY
HK RF@ 01:23 GMT 04/02/2015




USD/JPY

Chart gazing: 116.40 a possibility. Below I doubt.

Prepare for a Stock Mkt. Black Sabbath, may set a black hole for JPY.

Sell before May and run away!!!


Trading BOTS fail Humor, Test Millions Lost
dc CB 00:08 GMT 04/02/2015
With about five minutes remaining in the trading day, the company posted a statement on its official website under the headline: "Announcing the Tesla Model W."
In the following minute, the stock jumped about $1.50 or about 0.75 percent from its level the moment before to as high as $188.50.

Nearly 400,000 shares traded in that time, and it was the heaviest one minute of trading volume in the stock since the opening 60 seconds of trading on Feb 12.

Tesla shares quickly retraced most of that upward move and ended the session at $187.59, down 0.63 percent from Tuesday's close.
+++++++++++++++++++++++++++++++++++++

http://www.teslamotors.com/blog/announcing-tesla-model-w

Tesla Shares Get Late Boost on April Fool's Press Release


DJ Aussie Bond Investors Can Breathe Easy; AAA-Rating Seen Safe -- Market Talk
Syd 23:35 GMT 04/01/2015
There is little risk to Australia's AAA sovereign rating near term, says Sally Auld, debt strategist at J.P. Morgan. Government debt is very low by global standards. She adds that many of Australia's other imbalances look less threatening. For example, the banking system has significantly reduced its reliance on foreign capital by way of the increase in household deposits. Nonetheless, there isn't much room for complacency. The budget remains in structural deficit and still-falling commodity prices continue to force downgrades on the revenue side. Given little risk of a near-term ratings downgrade, the market implications of the budget situation will manifest themselves more through growth, and monetary policy, than through ratings actions and related capital flows. "We would view this as consistent with a lower currency and lower rates in the months ahead," Ms. Auld said.

Global-View Trading Systems
NY JM 22:25 GMT 04/01/2015  - My Profile
EURUSD S1 and R1 are the same as Wed's range (1.0718=1.0800)

NZD
Sydney ACC 21:24 GMT 04/01/2015
Analysis published this morning of some older Fronterra data.
Sales to China slumped to NZD 1.2 billion from NZD 3.1 billion one year earlier. That's a decline of 61%. Then inaddition revenue from Europe declined 29%. Doesn't explain why it hasn't shown up in the NZ's trade balance.

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11426646

Global-View Trading Systems
GVI Forex john 21:23 GMT 04/01/2015  - My Profile


USD Pivot Points, Support and Resistance Levels. Chart Point tables.

Using Pivot Points in Forex Trading:
A Simple but Effective Trading System






Update
gc sf 21:20 GMT 04/01/2015
MS

Open
+ $CAD 1.2620 sl 1.2521 tp 1.3000
+ $YEN 119.70 sl 118.70 tp 123
- EUR 1.0920 sl 1.0850 tp 1.0500

Limits

- AUD 7700 sl 7800 tp 7300
+ $CHF 9600 sl 9490 tp 1.01
- GBP 1.4900 tp 1.4500 sl 1.5000

3 month total = +5145 pips

((DD Required))

NZD
gc sf 21:13 GMT 04/01/2015
you might want to take a quick look at this - results of Auction - personally had never seen this page before this morning.

Dairy Auction


ADP / plug factor
Livingston nh 21:07 GMT 04/01/2015
Consider that ADP (big employer) figs (prior to infamous revision tendency) that miss NFP figs often occur in months when the BLS plug factor (small employer) plays a significant role - example January Plug factor is VERY negative But the following months are extremely positive - so ADP is negative today but March Plug Factor always has a Positive bias // so 96 plug factor for March could add at least 40 to ADP 189

Just a non scientific, non statistical observation

CURRENT CONDITIONS: Mixed Risk
GVI Forex john 20:44 GMT 04/01/2015  - My Profile



BREAKING NEWS
GVI Forex john 20:04 GMT 04/01/2015  - My Profile
Weekly Trading Planner Top Items (GMT)r
    THURSDAY
    0:30 AU Trade A$bln external economy
    7:00 DE Retail Sales mm consumer demand measure
    9:28 GB Construct PMI Latest view on economy
    12:30 CA Trade C$bn external economy
    12:30 US Weekly Jobless late view on jobs
    12:30 US Trade external Accounts
    13:00 USFRB Yellen speech
    13:30 EZ ECB Minutes
    14:00 US Factory Orders future production
    FRIDAY
    0:00 AU Holiday
    0:00 CA Holiday
    0:00 CH Holiday
    0:00 EZ Holiday
    0:00 GB Holiday
    0:00 NZ Holiday
    0:00 US Early Close
    12:30 US Unemployment unemployment rate
    12:30 US Payrolls Key Jobs data

calendarBe sure to refer daily to the Global-View Economic Calendar for key items, such as consensus estimates, previous data and links to charts of recent data).



Ben's Dream
dc CB 20:02 GMT 04/01/2015
Mtl JP 18:44

JP
you've got to click on the link.

it's my April Fools Joke

CHART POINTS: Free Forex Database
GVI Forex john 19:40 GMT 04/01/2015  - My Profile

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.


Global-View Trading Systems
GVI Forex john 19:33 GMT 04/01/2015  - My Profile
Global-View Week ahead Planning Guide for Trading

Conclusions:
ECB Policy is locked in for at least a year. EUR negative
Fed policy signals have turned mixed. In sum, the Fed is preparing the markets for an slight increase in the Fed Funds target, but is assuring markets that an policy tightening will be extremely gradual. USD positive


ALL WEEK
ECB Quantitative Ease (QE) is the dominant driver of fund flows.
Falling 2-yr German schatz driving EURUSD lower.



Fed policy is now data-dependent (inflation). Currently expansive.





Friday 2 April

Friday is a holiday in most of Europe, Canada and elsewhere. It is a shortened session in the U.S. due to the release of U.S. Februsry employment data.





USD/JPY
Livingston nh 19:27 GMT 04/01/2015
Big wkly for JPY - the 21 ma on wkly is ~119.10 - a clean break below would be the first since the second leg of the yen move - fundamentals suggest to me a move above 122 next few days but chart looks shaky, also see GV John's 120 "official preference" level


U.S. ADP Jobs Miss. PMI's Mixed. European PMIs Better. Far East Soft
GVI Forex Blog 18:52 GMT 04/01/2015  - My Profile
TOP NEWS ITEMS: AU- Trade, GB- Construction PMI, ECB Minutes, CA- Trade, US- Weekly Jobless, Trade, Factory Orders, Yellen appearance

U.S. ADP Jobs Miss. PMI's Mixed. European PMIs Better. Far East Soft


Ben's Dream
Mtl JP 18:44 GMT 04/01/2015  - My Profile
dc CB 16:08 / re "older illegitimate half-brother"
I will NOT click the link. I don't want to find out who thought it important to mention the "illegitimate" part.
Be it a fact or not, tacking that label onto someone says more about the crassness of person doing the tacking than the person being suchly labelled. It is beyond uncooth.
You draw your own conclusion why typed what I did.

BREAKING NEWS
Livingston nh 18:32 GMT 04/01/2015
Trading in markets tomorrow will be more exciting than a usual Thursday - first, there is the Kick the Can negotiation with Iran which has been a small factor in oil trade - second, there is the fact that Friday has NFP and stox closed with some trading in bonds (FX would usually be quiet with markets closed in Europe and elsewhere), this NFP/Good Friday phenomenon has occurred a few times the past twenty years (back when money supply mattered NFP took a back seat) - third, where will nerves be most challenged (i.e., who leads?) commodities (oil), FI (NFP fears), stox (positioning vs Qtr buying bias), FX (geopolitical w/e, CB blather, big move based on other markets)

BREAKING NEWS
dc CB 17:28 GMT 04/01/2015
The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2015 was 0.0 percent on April 1, down from 0.2 percent on March 30

Atlanta Fed


BREAKING NEWS
GVI Forex Jay Meisler 16:11 GMT 04/01/2015  - My Profile
I guess it is how you look at the glass, half empty or half filled. There are reasons why the EURUSD should continue to struggle as I wrote in my newsletter. Maybe it is more like the market does not want to buy it than being long.

For me = 1.0750 = the midpoint of 1.05-1.10 so neutral and 1.0755 = 50% of 1.0457-1.1052 so close enough to use the 1.0750 level (sets the bias).

Ben's Dream
dc CB 16:08 GMT 04/01/2015
Ben Bernanke's older illegitimate half-brother has died.

"he was a great inspiration to me, and influenced my thinking more than all those years studing the Great Depresssion while at Princeton.
It was his insight into how the world really worked that gave me the confidence to do what needed to be done, when I was faced with the catastrophe of 2008"

Ben's Older "brother" dies at 78


BREAKING NEWS
london red 16:04 GMT 04/01/2015
you just need to look at that price action if nothing else. Euro should be firmer but it often cant be until the zero sum game gets played out. they either get done or time runs out ppl panic a little and run the price. not long to nfp so london am at latest before they have to show their hand if status quo. current data to hand risk model will get most set up for weak nfp.

Global Markets News
GVI Forex Blog 15:53 GMT 04/01/2015  - My Profile
Some weak US data out this morning undercut equities and sent the 10-year yield down six basis points to 1.862%.

TradeTheNews.com US Mid-Session Update: April Begins With Equity Declines


BREAKING NEWS
GVI Forex Jay Meisler 15:48 GMT 04/01/2015  - My Profile
red, are you saying specs are still long from the move to 1.10+?

GVI Forex Blog 15:48 GMT 04/01/2015  - My Profile
HIGH IMPACT NEWS RELEASES: AU- Trade, GB- Construction PMI, ECB Minutes, CA- Trade, Us- Weekly Jobless, Trade, Factory Orders, Yellen appearance

GVI Forex Calendar for April 2, 2015


BREAKING NEWS
london red 15:47 GMT 04/01/2015
Imm is only part of the story. spec fx is now long after upside fed induced blow out. But it appears (data) nxt st move is higher and that can only take place when specs stops have been run and big players have moved in. These guys dont chase moves thats left the the specs.

BREAKING NEWS
GVI Forex john 15:46 GMT 04/01/2015  - My Profile


April 1, 2015 (global-view.com) UPCOMING DATA HIGHLIGHTS for Thursday, April 2, 2015. Updated: Trading News Events Calendar

HIGH IMPACT NEWS RELEASES: AU- Trade, GB- Construction PMI, ECB Minutes, CA- Trade, Us- Weekly Jobless, Trade, Factory Orders, Yellen appearance
  • Far East: AU- Trade
  • Europe: GB- Construction PMI, ECB Minutes
  • North America: CA- Trade, Us- Weekly Jobless, Trade, Factory Orders, Natural Gas, Yellen appearance



Schedule
GVI Forex john 15:43 GMT 04/01/2015  - My Profile
April 2 Speech - Chair Janet L. Yellen
Brief Welcoming Remarks
At the Ninth Biennial Federal Reserve System Community Development Research Conference, Washington, D.C.
8:40 a.m. ET (12:40 GMT)

Doesn't sound like she will say much


BREAKING NEWS
Mtl JP 15:39 GMT 04/01/2015  - My Profile
last week COT showed a huge short euro
we are wednesday one week later.
looking back over this past week at price action does that suggest a material tapering of that positioning ?

BREAKING NEWS
Mtl JP 15:38 GMT 04/01/2015  - My Profile
last week COT showed a huge short euro
we are wednesday one week later.
looking back over this past week at price action does that suggest a material tapering of that positioning ?

EUR
Livingston nh 15:35 GMT 04/01/2015
The decline of the EUR has seen a couple of periods of flat trading around 21dma - as the 21 dma flattens the trading becomes more volatile until the snap fall of the EUR resumes the trend // altho UKR and Greece linger ECB QE is still the dominant downward pressure -- as Draghi searches for sellers the big CB holders of EUR are likely prospects

BREAKING NEWS
GVI Forex Jay Meisler 15:27 GMT 04/01/2015  - My Profile
red, do you really think there are spec longs? The dollar is likely more short than long.

The market has had two days to take out 1.07 and each time seemed to run into bids, presumably from those who were short. On the other side it hit a brick wall at 1.08 today.

How it trades vs. 1.08 going into and after NFP will give a clue whether there are legs to the upside as the dollar in general feels a bit heavy in a market where many are either on holiday or looking forward to the holiday break.

BREAKING NEWS
london red 15:11 GMT 04/01/2015
I feel there is a need to clear spec longs before euro can rally a little into nfp. Zerosum. There is fib at 10725 and then 10693 stops below which may need to be run to say 10670 before a reversal back to 10750/10775 and tread water into nfp.

BREAKING NEWS
Paris ib 15:09 GMT 04/01/2015  - My Profile
How you to take over a country using debt.

The playbook.


BREAKING NEWS
Paris ib 15:02 GMT 04/01/2015  - My Profile
The Greeks want to continue paying there debts WITHOUT having to implement the austerity policy dreamed up by the (sadistic) Troika. They want to have some say so on how to run their domestic economy and they want to bring in policies aimed at attempting to get it growing again. They do not want this endless, destructive policy of austerity which has been imposed on them in exchange for access to the ECB banking system. They do not want to have the Troika (read stand over thugs) insist on Greece selling off all its most valuable national assets (for peanuts) to foreign investors (who the Troika represent). What they are pushing for is continued access to the whole EuroZone system without having to accept all the heavy handed neo-liberal (read fascist) economic policies that these guys are attempting to force on them.

The Troika et al, of course, are going around saying that the Greeks are just a lazy bunch of dead beats who don't want to pay their bills. That's not true. They do not deny their debts but they want to have some control over the economic policies implemented in their own country. Reasonable you might say? Well depends. If you are attempting to make Greece an 'example' to the rest of Europe (stand over men need victims in order to scare everyone else) then you wouldn't accept that point of view and you would insist on running the Greek economy from the outside, without a mandate from the Greek people and without taking into account the fact that a whole lot of the Greek debts came into being as a result of bribery and corrupt practices which implicate some of France and Germany's biggest multinationals. :-)

Control the narrative. So far the Greeks haven't really done that.

Ben's Dream
Livingston nh 15:00 GMT 04/01/2015
We are being guided by the importance of "How Many Angels Can Dance on the Head of a Pin?" (aka as the Pinhead Argument)

Ben's Dream
dc CB 14:53 GMT 04/01/2015


The Rise of Wally: Episode 7

On secular stagnation: Larry Summers responds to Ben Bernanke


BREAKING NEWS
Mtl JP 14:49 GMT 04/01/2015  - My Profile
everyone including the greek has said grexit is not on the table
what other greek issue than exit d'u think ?

BREAKING NEWS
GVI Forex Jay Meisler 14:44 GMT 04/01/2015  - My Profile
JP, Greek news whipsaw.

BREAKING NEWS
GVI Forex john 14:39 GMT 04/01/2015  - My Profile
US EIA Weekly Inventories

U.S. Data Charts





NEWS ALERT
Crude Oil: +4.800 vs. +5.500 exp vs. +9.600 prev.
Gasoline: -4.260 vs. -2.000 exp vs. -0.380 prev.
Distillates: +1.330 vs. -0.500 exp vs. -4.470 prev.
Cap/Util: 89.4% vs. n/a exp vs. 88.10% prev.




Weekly Petroleum Status Report



TTN: Live News Special Offer

BREAKING NEWS
Mtl JP 14:34 GMT 04/01/2015  - My Profile
gbpusd abouve the PP now 1.4850 looms

BREAKING NEWS
Mtl JP 14:27 GMT 04/01/2015  - My Profile
1.864% -6.4bp after data today. EURUSD negative ?

players seem tone deaf atm, or at least something else is motivating them

BREAKING NEWS
GVI Forex Jay Meisler 14:24 GMT 04/01/2015  - My Profile
10:21 (GR) Greece Govt official reportedly denies the reports that the country intended to delay its IMF payment assuming it did not receive funds from lenders - press

- Source TradeTheNews.com

BREAKING NEWS
GVI Forex john 14:19 GMT 04/01/2015  - My Profile
10-yr 1.864% -6.4bp after data today.

EURUSD negative

BREAKING NEWS
dc CB 14:18 GMT 04/01/2015
you mean break below 1.8% ?
it's now at 1.86

BREAKING NEWS
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Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

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Directory of  Forex trading tools

 
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Forex Forum

The Global-View Forex Forum is the hub for currency trading on the web. Founded in 1996, it was the original forex forum and is still the place where forex traders around the globe come 24/7 looking for currency trading ideas, breaking forex news, fx trading rumors, fx flows and more. This is where you can find a full suite of forex trading tools, including a complete fx database, forex chart points, live currency rates, and live fx charts. In addition, there is a forex brokers directory where you can compare forex brokers. There is also a forex brokers hotline where you can ask for help choosing a forex broker that meets your individual fx trading needs. Interact on the same venue to discuss forex trading.

Forex News

The forex forum is where traders come to discuss the forex market. It is one of the few places where forex traders of all levels of experience, from novice to professionals, interact on the same venue to discuss forex trading. There is also the GVI Forex, which is a private subscription service where professional and experienced currency traders meet in a private forex forum. it is like a virtual forex trading room. This is open to forex traders of all levels of experience to view but only experienced currency tradingprofessionals can post.

Currency Trading

Currency trading charts are updated daily using the forex trading ranges posted in the Global-View forex database. You will also find technical indicators on the fx trading charts, e.g. moving averages for currencies such as the EURUSD. This is another forex trading tool provided by Global-View.com.

Forex Brokers

The forex database can be used to access high, low, close daily forex ranges for key currency pairs, such as the EURUSD, USDJPY, USDCHF, GBPUSD, USDCAD, AUD, NZD and major crosses, including EURJPY, EURGBP, EURCHF, GBPJPY, GBPCHF and CHFJPY. Data for these currency trading pairs dating back to January 1, 1999 can be downloaded to an Excel spreadsheet.

Forex Trading

Forex chart points are in a currency trading table that includes; latest fx tradinghigh-low-close range, Bollinger Bands, Fibonacci retracement levels, daily forex pivot points support and resistance levels, average daily forex range, MACD for the different currency trading pairs. You can look on the forex forum for updates when one of the fx trading tools is updated.

FX Trading

Global-View also offers a full fx trading chart gallery that includes fx pairs, such as the EURUSD, commodities, stocks and bonds. In a fx trading world where markets are integrated, the chart gallery is a valuable trading tool. Look for updates on the Forex Forum when the chart gallery is updated.

Forex Blog

Global-View.com also offers a forex blog, where articles of interest for currency trading are posted throughout the day. The forex blog articles come from outside sources, including forex brokers research as well as from the professionals at Global-View.com. This forex blog includes the Daily Forex View, Market Chatter and technical forex blog updates. In additional to its real time forex forum, there are also Member Forums available for more in depth forex trading discussions.

 

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