Mtl JP 20:57 GMT May 18, 2013
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Cyprused:
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Insight and analysis from The Wall Street Journal and Dow Jones team in Brussels:
How Safe Should Bank Deposits Be? - wsj
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Key Attributes of Effective Resolution Regimes for Financial Institutions - FSB (.pdf)
What / who is the Financial Stability Board: (from FSB website)
"The FSB has been established to coordinate at the international level the work of national financial authorities and international standard setting bodies and to develop and promote the implementation of effective regulatory, supervisory and other financial sector policies. It brings together national authorities responsible for financial stability in significant international financial centres, international financial institutions, sector-specific international groupings of regulators and supervisors, and committees of central bank experts."
A list of FSB member institutions
The FSB is currently chaired by Mark Carney, Governor of the Bank of Canada. Its Secretariat is located in Basel, Switzerland, and hosted by the Bank for International Settlements (BIS). It is funded by the BIS.
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Bottom line: the FSA is charged with the development of a "policy framework to address the systemic and and moral hazard risks associated with systemically important financial institutions” under the leadership of ex GS men, a bail-in scheme for all of G20 to try to mitigate the potential socio-financial terror posed by TBTF banks.
Mtl JP 17:37 GMT May 18, 2013
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Cyprused:
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CYPRUSED !
Crisis at Amanath Co-operative Bank escalates
RBI restricts withdrawals; depositors rendered helpless
..."RBI, over the past week, issued a circular directing depositors not to withdraw more than Rs 1,000 over a six-month period, which has led to large-scale crisis at Amanath’s head office in Bangalore."...
GVI Forex Inner Circle 11:51 GMT May 18, 2013
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Forex Trading Theme for the Week :
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-- GVI Forex Trading Theme of the Week--
Fundamental sentiment in favor of the USD has continued to improve in the latest week, even though the general tendency of USD positive economic data in favor of the currency appeared to be cooling. The currency is being given a lift by a growing perception that the Fed is now considering an early start to tapering off its quantitative Easing (QE) program. Presumably, this tapering off of purchases of government bonds would happen over an extended period of time. The pace of the tapering would be determined by economic conditions. The big surprise of the week was a comment late Thursday by San Francisco Fed President Williams (dove), who said that the central bank might be able to start to trim its bond purchases by the summer. Given the source, his comments were seen as significant. The official start of summer is less than a month away.
The week ahead will see the minutes from the latest Fed Meeting (May 1)and testimony by Chairman Bernanke to the House. This testimony will give him ample opportunity to signal to the markets What the current intentions of the central bank may be. Early in the week, U.K. data could influence the GBP after several European and a Canadian holiday on Monday. A BOJ decision is due on Tuesday. The second half of the week sees a number of flash PMI reports and then the critical German IFO Survey on Friday.
For additional key items and more detail (dates, times, data estimates), be sure to visit the Global-View.com
Economic Calendar and the
Forex Forum as key items are released.
-- John M. Bland, www.global-view.com
manila tom 02:41 GMT May 18, 2013
EUR/USD : Critical Point 1.2797
:
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Buy EURUSD
Entry: Target: Stop:
agree Dr. Qindex, 4hr chart showing bullish divergence from oversold condition, odds are better with long position with stop below friday's low, still seeing 1.2970 and 1.3020 before month is over
Melbourne Qindex 01:49 GMT May 18, 2013
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EUR-GOLD (1059.12) : Critical Point 1050.9
:
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Gold
Entry: Target: Stop:
EUR-GOLD : The following is still valid :
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Melbourne Qindex 11:42 GMT May 16, 2013 - My Profile
EUR/USD and Gold : Reply
EURUSD
Entry: Target: Stop:
EUR-GOLD : The market is going to tackle the barrier at 1060.3 // 1062.9. Panic selling will be triggered if the market is trading below 1059.6. On the other hand the market is stable if it can close above 1100.7 in the New York session.
Qindex.
EUR-GOLD : Monthly Cycle Charts
Melbourne Qindex 01:25 GMT May 18, 2013
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EUR/USD : Critical Point 1.2797
:
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Buy EURUSD
Entry: Target: Stop:
EUR/USD : Critical Point 1.2797
The market has fired a warning signal that it is going to reverse its course after hitting the critical point at 1.2797 in the last trading session and EUR/USD was able to close within 1.2814 // 1.2830 this week in the New York session. On this Monday I am expecting the market to tackle 1.2886 in the Asian session.
Qindex.com
EUR/USD : Monthly Cycle Charts
Dillon AL 00:21 GMT May 18, 2013
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Forex Trading Theme for the Week :
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Weekly setup videos for the EUR/USD and GBP/USD
See what is in store for the week ahead
DX has been added to the Euro and Gbp/Jpy and Usd/Jpy added to the Cable video
See what is in store for the week ahead
To access the videos Click here
Want More then Click here
dc CB 23:53 GMT May 17, 2013
While Europe struggle with national youth unemployment levels exceeding 50%:
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same game different product.
The U.S. Supreme Court has unanimously ruled in favor of Monsanto in a case about the use of its patented seeds. Indiana farmer Vernon Hugh Bowman had been ordered by a lower court to pay more than $84,000 after planting a mix of seeds he bought from a grain elevator. Some of the plants contained Monsanto’s herbicide-resistant genetic trait known as Roundup Ready, which is found in roughly 90 percent of U.S. soybeans. Monsanto accused Bowman of using their technology without paying for it, and the Supreme Court agreed, finding farmers must pay Monsanto every time they plant its seeds. While the case could have wide implications beyond agriculture, Justice Elena Kagan wrote that Monday’s ruling was "limited — addressing the situation before us, rather than every one involving a self-replicating product."
May 14
Sydney ACC 22:11 GMT May 17, 2013
While Europe struggle with national youth unemployment levels exceeding 50%:
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Another decision akin to the Emulsified High-Fat Offal Tube.
EU to ban olive oil jugs from restaurants
From next year olive oil "presented at a restaurant table" must be in pre-packaged, factory bottles with a tamper-proof dispensing nozzle and labelling in line with EU industrial standards.
The use of classic, refillable glass jugs or glazed terracotta dipping bowls and the choice of a restaurateur to buy olive oil from a small artisan producer or family business will be outlawed.
"It will seem bonkers that olive oil jugs must go while vinegar bottles or refillable wine jugs can stay."
http://www.telegraph.co.uk/news/worldnews/europe/eu/10064787/EU-to-ban-olive-oil-jugs-from-restaurants.html
dc CB 20:54 GMT May 17, 2013
POMO:
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10bln Mon thru Thurs next week....then Mem 3 Day Weekend.
SnP 1700++
++++++++++++++++++++++++++++++++++++++++++
dc CB 18:36 GMT April 30, 2013
POMO: Reply
May sched out
interesting how the 2nd 1/2 of the month has some of the largest "releases" of $$$ from May 16 on (May 16/17 last 2 days of OPEX week)
more the better to crush any of those "sell in May" shorters and make them regret those bad thoughts....around Memorial Day....just in time for the first rental payment and deposit on that Hampton summer beach house.
POMO May
Mtl JP 20:23 GMT May 17, 2013
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tax on stupidity:
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megamillions ticket costs $1.00
odds: 1/175,000,000
Prize: 195,000,000
--
Powerball: ticket costs $2.00
odds: 1/175,000,000
Prize: 550,000,000
(Almost worth a consideration to take out a 175 million dollar loan and buy all mutations)
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Dow industrials and the S&P 500 at all-time closes
dc CB 19:18 GMT May 17, 2013
Dax Future Triggers Stops, Goes Parablic, Launching Late Day Megaramp:
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Presented with little comment because frankly everything is now full retard. That is the Dax; This is the Dax on low-volume, mega levitation drugs, at 9pm on a Friday in Germany, when out of nowhere someone goes on a mega buying spree in the Dax futures, and send global risk assets, and FX pairs, surging. Is Bernanke LBOing Germany?
ZH
PAR 17:47 GMT May 17, 2013
Debt Ceiling:
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Treasury tells Congress it has more time under debt ceiling
(Reuters) - The Obama administration on Friday notified Congress it was prepared to take extraordinary steps to allow it to keep paying the nation's bills once a temporary suspension in the government's debt ceiling lapses this weekend.
To preserve its borrowing capacity, the Treasury Department said it would use the same measures that have been used in previous debt limit impasses to continue paying the nation's bills on time to free up $260 billion in headroom.
london red 17:08 GMT May 17, 2013
Trading the sup & ress. levels:
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50% fibo just about (a few pips shy) coincides with early to mid april highs so is a natural magnet if weakness is seen, a lot are looking at 100.80 too.
dc CB 16:48 GMT May 17, 2013
United States:
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"those Michigan guys never call me anymore. "
JERUSALEM kb 16:39 GMT May 17, 2013
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Trading the sup & ress. levels:
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USDJPY
Entry: Target: Stop:
at this level 103.10 is a turning point as usdjpy current up move looking weak and overbought I expect a pull back to 100.25 but after all I will wait for a trade setup which may reflect this outlook.
overbought condtion should limit usdjpy below 103.45
london red 16:32 GMT May 17, 2013
KaL's Trend and Level:
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aussie: not particularly bullish here but futures positioning is likely to be around neutral or even slightly short, which often precedes a technical rebound in the least. however im not to happy to bet against the usd given the feds current state of mind even if tangible data isnt too hot. however things look more interesting against the nzd, which still had a large net long positioning and though it may have come down this week, it is still going to be sizeable. given the governments stance towards the currency, i think it could make sense to look for a rebound here (audnzd). i have taken a lonf position a little above 1.20 with a stop below the 200 month sma, currently around 1.1929. if all goes well, im looking for a move thru the 21 day sma and to the top of the daily bollinger currently at 1.22. there is scope for the 200 day sma at 1.25 which has capped the market on the way down since the highs.
dc CB 16:26 GMT May 17, 2013
United States:
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University of Michigan-Conference Board Sentiment
Each month, 500 individuals are randomly selected from the contiguous United States (48 states plus the District of Columbia) to participate in the Surveys of Consumers.
Question 1. How's your stock portfolio doing?
GVI Forex Inner Circle 16:06 GMT May 17, 2013
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Fixed Income:
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Prices in prime fixed income marketsmixed. Prices ending higher.
Tallinn viies 15:54 GMT May 17, 2013
eurusd:
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at 1,2815 closed short euro position
GVI Forex Inner Circle 15:43 GMT May 17, 2013
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Week Ahead:
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This sounds very general to me. Bernanke also testifies next Wednesday.
May 18 Speech--Chairman Ben S. Bernanke
Economic Prospects for the Long Run
At the Bard College at Simon's Rock Commencement, Great Barrington, Massachusetts
11:00 a.m. ET
Mtl JP 15:15 GMT May 17, 2013
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Week Ahead:
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dove Bernanke gives a speech at Commencement at Bard College
what r the odds he says something mrkt moving ?
beijing kaprikorn 14:58 GMT May 17, 2013
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Trading the sup & ress. levels:
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Laowen - I've been here in Beijing for a few months but might be leaving in a couple of months so I thought to propose a meeting to make an acquaintance if you like. My details are in the directory.
All the best and Jia you!
bali sja 14:49 GMT May 17, 2013
buy euro:
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closed for +36 at 1.2835
bali sja 13:59 GMT May 17, 2013
buy euro: Reply
bought 1.2799 for 1.2840-50, stop under 1.2770
beijing kaprikorn 14:32 GMT May 17, 2013
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Trading the sup & ress. levels:
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Jerusalem KB / Beijing Laowen
...
I would also say KB's calls, along with the other long term accomplished traders, really make sense and are very good structured, easy to figure the rationale and very simple technical trading the S&R levels. Really good stuff!
GVI Forex Inner Circle 14:20 GMT May 17, 2013
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Calendar :
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May 17, 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Monday, May 20.
Updated: Trading Events Calendar
HIGH IMPACT RELEASES: Bernanke Speech (Sat), CH/CA- Holiday.
GVI Forex Inner Circle 14:12 GMT May 17, 2013
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United States:
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University of Michigan-Conference Board Sentiment. Strong preliminary Michigan data.
Beijing Laowen 14:11 GMT May 17, 2013
Trading the sup & ress. levels:
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JERUSALEM kb 20:05 GMT May 16, 2013
=========================
Buying stop USDJPY @102.38 for 103.10 is one of your cool calls recently. Haven't spoken here for quite some time but could not help giving you five! Cheers.
bali sja 13:59 GMT May 17, 2013
buy euro:
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bought 1.2799 for 1.2840-50, stop under 1.2770
GVI Forex Inner Circle 13:58 GMT May 17, 2013
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United States:
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University of Michigan-Conference Board Sentiment. Strong preliminary Michigan data.
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