dc CB 21:40 GMT June 18, 2013
United States: Reply   
(Reuters) - Unexplained rapid price drops in single stocks have generally been triggered by human error, not nefarious trading activity or high-speed trading algorithms gone wild, an official at the U.S. Securities and Exchange Commission said on Tuesday.

Last month trades in American Electric Power Inc and NextEra Energy Inc plunged more than 50 percent in the first minute of trading. Days earlier trades in Anadarko Petroleum Corp were canceled after a trading blip briefly cut the company's market value by 99 percent. And in April, shares of Symantec Corp fell 10 percent in just seconds before being halted.

These rapid price drops are some of the latest examples of "mini flash crashes," named in reference to the May 6, 2010, "flash crash" when $1 trillion in shareholder equity was briefly wiped out of the market in a matter of minutes.

A popular narrative has emerged that these incidents are symptomatic of a broken market where high-speed traders run amok, but the evidence shows that is not the case, said Greg Berman, associate director of the office of analytics and research in the SEC's Division of Trading and Markets.

"What we are seeing is the result of sloppiness, combined with a lack of checks and balances," Berman said at a Securities Industry and Financial Markets Association conference. "In this day and age, there should be no excuse for these types of mistakes, especially considering the significant negative impact that these events have on investor confidence."

Most rapid price spikes are caused by old fashioned human mistakes, such as "fat finger" errors, where a trader may accidentally add an extra zero to an order, or by portfolio managers accidentally requesting a large order be immediately executed rather than meted out in a managed flow, Berman said.

"Contrary to public speculation, these types of events do not seem to triggered by proprietary high-speed algorithms, by robots gone wild, or by excessive order cancellations."

Mini flash crashes caused by sloppiness, not a broken market -SEC

Mtl JP 21:29 GMT June 18, 2013  - My Profile
United States: Reply   
for who dc CB ? earlier smart types started to hoard crude to sell in the future. interest is still only lowly 2.barely20% to blow up the hoarding trade

GVI Forex john -- Inner Circle 21:28 GMT June 18, 2013  - My Profile
Calendar : Reply   


June 18, 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, June 19. Updated: Trading Events Calendar

HIGH IMPACT RELEASES: CN- HSBC PMI, GB- BOE Minutes, US- Fed Decision. Bernanke Press Conference

• Far East: CN- HSBC flash PMI.
• Europe: GB- BOE Minutes.
• North America: US- Mortgage Statistics, Weekly Crude, Fed Decision, Bernanke Press Conference.


Direct links to primary data sources

dc CB 21:25 GMT June 18, 2013
United States: Reply   


This will not end well

Cambridge Joe 21:21 GMT June 18, 2013
eur/usd: Reply   
It's come back to me now. We used to say of their less dire signals..... Ahh.... that's MUCH less disappointing !

LOL ! for real !

GVI Forex Blog 20:49 GMT June 18, 2013  - My Profile Reply   
Event risk today: The FOMC announcement (Thu 6:00 NZT) will be the day’s (and month’s) market highlight. It will be scrutinised for any signs of a shift towards a tapering of QE, the Bernanke press conference plus the Fed’s economic forecasts the most obvious signposts. Before that, in NZ there’s the Q1 current account to watch this morning, plus the NZDMO’s announcement of the NZGB tender program for the coming quarter. Australia has a couple of leading indices.

Forex - Westpac Morning Report

GVI Forex john -- Inner Circle 20:33 GMT June 18, 2013  - My Profile
United States: Reply   

GVI Forex john -- Inner Circle 20:29 GMT June 18, 2013  - My Profile
Mixed German ZEW. U.K. inflation elevated. Fed Wednesday: Reply   

• HIGH IMPACT ITEMS: CN- HSBC PMI, GB- BOE Minutes, US- Fed Decision. Bernanke Press Conference
  
• Weaker than expected  U.S. housing data were a weight on the USD. from the U.S. Tuesday.
• 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 can be a mouthpiece of the Fed,  told the markets last week  not to expect much.
  
• 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.  .
• June German ZEW survey data were mixed. Many view it as a precursor of the respected IFO Survey in about a week.. 
  
• U.K. inflation data generally were higher than hoped for. They should keep the BOE on the defensive.
• FT ran a story Monday indicating in their opinion the Fed could be more hawkish than expected. This was not a leak.
  

GVI Forex Blog 20:29 GMT June 18, 2013  - My Profile Reply   
HIGH IMPACT ITEMS: CN- HSBC PMI, GB- BOE Minutes, US- Fed Decision. Bernanke Press Conference Weaker than expected U.S. housing data were a weight on the USD. from the U.S. Tuesday.

Mixed German ZEW. U.K. inflation elevated. Fed Wednesday

ed kw 20:20 GMT June 18, 2013
USD/SGD: Reply   
long USD/SGD play. In my view, this is a market that is showing tremendous upside potential over the coming months, with the added bonus of a baby carry.

Cambridge Joe 20:12 GMT June 18, 2013
eur/usd: Reply   
No names no pack drill...... but a few years ago I had a free trial with a firm offering trade signals. They didn't 'do' Mondays as there might be news out over the weekend to unsettle things. They did the London session only and avoided NY because anything can happen !

They were almost always consistently useless / wrong with the occasional unsettling flash of brilliance (Luck)!

They wanted £500 per month for their rubbish and reckoned that they had well over a thousand clients. Pension funds, banks and high net worth persons.

The blind leading the blind ?

I do make errors of judgement and get things wrong.... but nothing on their scale ! :-))

Cambridge Joe 19:51 GMT June 18, 2013
eur/usd: Reply   
JP. Sorry for the delay, we just got back from a walk with the dogs to the burial-ground in remembrance of a dear departed one. A beautiful summer's evening here !

OK e/$ my take is that there is an accumulation of sell, or at least not buy signals across various time-frames.

15 min no-buy 00:30 GMT
30 min no-buy 02:00 GMT
1 Hr SELL 02:00 GMT

Down-side limit, I don't really have, but seeing that it is from the hourly, that might mean 1.3 as with Raden... OR... given the frantic violent chop we have seen, it might only be good for ... well... 100... 150.. I don't know.

It will certainly meet with res around 3366 3355 3327. IF / as /when it breaks below 3310, it's got a nice way down to go. My view is, it's going there. Hence short @ 3403.

IMO. GL

GVI Forex john -- Inner Circle 19:38 GMT June 18, 2013  - My Profile
Chart Points: Reply   

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.

GVI Forex john -- Inner Circle 19:31 GMT June 18, 2013  - My Profile
Chart Points: Reply   
Preliminary Closing Trading Points...
many more chart points
About Moving Averages
About Bollinger Bands

GVI Forex Jay Meisler 18:48 GMT June 18, 2013  - My Profile
Trading the sup & ress. levels: Reply   
kb, you owe me an email

Mtl JP 18:42 GMT June 18, 2013  - My Profile
Global Markets News: Reply   
numbnuts Japan's Abe plans seminars to explain his economic policy

While Abe has an explicit target of achieving two per cent inflation (Japan has rarely seen much inflation, if any) it has been said that expansionary policies may be wound down if other economic indicators improve.

Abe will be at London's Guildhall on Wednesday to discuss Japan's economic policy following the G8 summit.
-
Japan encouraged by Group of 8 stance on ‘Abenomics’

JERUSALEM kb 18:27 GMT June 18, 2013  - My Profile
Trading the sup & ress. levels: Reply   
Buy EURUSD
Entry: 1.3305 Target: 1.3610 Stop: 1.3350

JERUSALEM KB 18:59:13 GMT - 06/11/2013

Buy EURUSD
Entry: 1.3305 Target: 1.3470 Stop: 1.3230
bought
-----------
out of 1/2 with 100pips +
sl at 1.3350

Mtl JP 17:53 GMT June 18, 2013  - My Profile
eur/usd: Reply   
Cambridge Joe 16:21 outside of market going after 1.34 in some cat n mouse chase n tag game euro is UP because Draghi sounded bubbly and green-shooty
-
what is "significantly" numero-wise ? tia

Mtl JP 17:39 GMT June 18, 2013  - My Profile
Cyprussed: Reply   
The Co-operative Bank bail-in means little – we need real mutuals - The Guardian
The Co-operative Group has announced that owners of bonds in its banking subsidiary will be forced to swap them for newly issued shares traded on the stock exchange, taking a substantial loss in the process. ../..
-
Danske Bank Told to Boost Risk-Weighted Assets by $18 Bln
Bloomberg
Danske Bank A/S (DANSKE), Denmark's biggest lender, was ordered by the country's financial watchdog to revise an internal model after underestimating risky assets. Danske fell as much as 8 percent in Copenhagen trading after the Financial Supervisory .../..

Cambridge Joe 16:21 GMT June 18, 2013
eur/usd: Reply   
Thanks for the heads up Raden.

Looks like early Asia sees e/$ significantly south-bound.

I've been too caught up in the blender to look.

Indonesia-Solo Raden Mas 16:11 GMT June 18, 2013
eur/usd: Reply   
will not admire if in several days later euro/usd drop till 1.3000
come on !!!!!!

GVI Forex john -- Inner Circle 15:57 GMT June 18, 2013  - My Profile
Fixed Income: Reply   
Prices in prime fixed income prices mostly down late in Europe. Prices in periphery are better.

GVI Forex 15:30 GMT June 18, 2013  - My Profile
Global Markets News: Reply   
Heightened volatility is again the order of the day as the FOMC convenes in Washington, DC for a two-day meeting. The DJIA has seen five straight days of triple-digit moves, for a level of volatility not seen since Fall 2011. As of writing, the DJIA is +0.63%

TradeTheNews.com US Market Update: FOMC Meeting Begins

GVI Forex Blog 15:24 GMT June 18, 2013  - My Profile Reply   
June 18, 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, June 19. Updated: Trading Events Calendar HIGH IMPACT RELEASES: CN- HSBC PMI, GB- BOE Minutes, US- Fed Decision. Bernanke Press Conference

GVI Forex Data Outlook for 19 June 2013

GVI Forex john -- Inner Circle 15:22 GMT June 18, 2013  - My Profile
Calendar : Reply   


June 18, 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, June 19. Updated: Trading Events Calendar

HIGH IMPACT RELEASES: CN- HSBC PMI, GB- BOE Minutes, US- Fed Decision. Bernanke Press Conference

• Far East: CN- HSBC flash PMI.
• Europe: GB- BOE Minutes.
• North America: US- Mortgage Statistics, Weekly Crude, Fed Decision, Bernanke Press Conference.


Direct links to primary data sources

jkt acce 14:34 GMT June 18, 2013
sell usd : Reply   
Sell USDCHF
Entry: Target: Stop:

sold usdchf 0.9203 as well, stop 0.9271, target open for tomorrow's action

Amman wfakhoury 14:32 GMT June 18, 2013
EURJPY 128.00: Reply   
Amman wfakhoury 12:35 GMT June 18, 2013
EURJPY 127.75: Reply
EURJPY reached 127.75 as per my signal.
still possible to reach 128.00
if price breaks 127.81 and keep above it


-----------it is now 128.00..and will continue to 128.50 if keeps above 128.00

jkt acce 14:30 GMT June 18, 2013
sell usd : Reply   
Sell USDCAD
Entry: Target: Stop:

short usdcad 1.0203 stop 1.0241, target open

chios db 13:19 GMT June 18, 2013  - My Profile
trades today : Reply   
closed eurjpy
stopped on eurusd
waiting to be stopped on gbpjpy

Amman wfakhoury 13:16 GMT June 18, 2013
GBPUSD 15642: Reply   
PT JR 13:00 GMT June 18, 2013
GBPUSD 15642: Reply
...BEST DAY TRADER IN THE FORUM..THANK U


-------------
Thank you..you are welcome

PT JR 13:01 GMT June 18, 2013
GBPUSD 15642: Reply   
Amman wfakhoury ..T U

PT JR 13:00 GMT June 18, 2013
GBPUSD 15642: Reply   
...BEST DAY TRADER IN THE FORUM..THANK U

GVI Forex john -- Inner Circle 12:53 GMT June 18, 2013  - My Profile
United States: Reply   


U.S. CPI in target range

GVI Forex john -- Inner Circle 12:43 GMT June 18, 2013  - My Profile
United States: Reply   


New Homes Sales, Starts and Permits mixed. Stalling?

SaR KaL 12:39 GMT June 18, 2013  - My Profile
KaL's Trend and Level: Reply   
selling USDJPY

One week Trade Sell Above 92.5699
tgt 87.00 next week
day trade entries
95.5907 93.2131
95.7478 93.0225
95.8525 92.8955
95.9573 92.7685
96.1144 92.5779
96.6381 91.9428

Amman wfakhoury 12:35 GMT June 18, 2013
EURJPY 127.75: Reply   
EURJPY reached 127.75 as per my signal.
still possible to reach 128.00
if price breaks 127.81 and keep above it

SaR KaL 12:33 GMT June 18, 2013  - My Profile
KaL's Trend and Level: Reply   
GBPJPY shorts
149.4260 147.4530
150.2568 146.5745
150.5060 146.3109
150.6722 146.1352
150.8383 145.9595
151.0876 145.6959
151.9183 144.8173

143 next week baby

GVI Forex john -- Inner Circle 12:32 GMT June 18, 2013  - My Profile
United States: Reply   

GVI Forex john -- Inner Circle 12:31 GMT June 18, 2013  - My Profile
United States: Reply   

SaR KaL 12:30 GMT June 18, 2013  - My Profile
KaL's Trend and Level: Reply   
this going to be bad day for many

SaR KaL 12:10 GMT June 18, 2013  - My Profile
KaL's Trend and Level: Reply   
AUDUSD
Going Funny IMO
sort of East Trading for next week

One week Trade Buy Below 0.954

I am still short
will get out very soon
and Longing
0.9617 0.9439
0.9624 0.9431
0.9631 0.9423
0.9641 0.9411
0.9676 0.9370


chfjpy
shorts
103.6345 100.9994
103.8192 100.8129
103.9423 100.6886
104.0654 100.5643
104.2501 100.3779
104.8657 99.7564

One week Trade Sell Above 103.2322
expect 102.0 next week

GVI Forex john -- Inner Circle 12:02 GMT June 18, 2013  - My Profile
United States: Reply   

GVI Forex 11:58 GMT June 18, 2013  - My Profile
Forex News: Reply   
* Markets wait for Fed to clarify stimulus stance

* U.S. CPI in focus before Fed's meeting on Tues-Wed

* Euro hits 4-month high vs dollar after German ZEW

FOREX NEWS - Dollar rises against yen as market seeks Fed clarity

SaR KaL 11:53 GMT June 18, 2013  - My Profile
KaL's Trend and Level: Reply   
It's really the USDJPY causing this
EURJPY

One week Trade Sell Above 125.474
expect 121 and lower next week

shorts
127.2408 125.3215
128.0755 124.4407
128.3259 124.1764
128.4928 124.0003
128.6597 123.8241
128.9101 123.5598
129.7448 122.6790

SaR KaL 11:49 GMT June 18, 2013  - My Profile
KaL's Trend and Level: Reply   
cable buying
below 1.5880 this week
for tgt 1.63

1.5820 1.5617
1.5833 1.5603
1.5842 1.5594
1.5851 1.5584
1.5864 1.5571
1.5909 1.5525

SaR KaL 11:46 GMT June 18, 2013  - My Profile
KaL's Trend and Level: Reply   
still buyin eurusd on dips
for 1.38 tgt next week

SaR KaL 11:42 GMT June 18, 2013  - My Profile
KaL's Trend and Level: Reply   
AUDNZD Longs

1.2024 1.1867
1.2030 1.1862
1.2037 1.1856
1.2047 1.1848
1.2081 1.1821

tgt max 1.21 next week
sort of slow up

Amman wfakhoury 11:19 GMT June 18, 2013
EURJPY move big: Reply   
Amman wfakhoury 18:45 GMT June 17, 2013
EURJPY move big: Reply
Be ready to move big more than 150 pips

-------------------
moved 150 pips and more

Amman wfakhoury 11:13 GMT June 18, 2013
GBPUSD 15642: Reply   
Amman wfakhoury 07:19 GMT June 18, 2013
GBPUSD 1.5642: Reply
1.5642 confirmed , will be reached..sell and add sell if rise.

------------15642 reached

London Misha 11:07 GMT June 18, 2013  - My Profile
Observations: Reply   
EURUSD - Bullish Piercing Pattern & possible Ascending Triangle on Daily Chart.
USDJPY - Opening White Marubozo & Bullish Harami as bounces for a 3rd time up off 94.11-92.95 Fib support on Daily Chart.
GBPUSD - New high for Jun & 3rd close over Long MA but also an indecisive Spinning Top Pattern on Daily Chart.
USDCHF - Bullish Engulfing Pattern on Daily Chart. Dead Cross of Short MA down through Short/Medium MA!
EURGBP - Tests & rejects Lower Uptrend in Sideways Coil/Triangle on Daily Chart.
AUDUSD - Possible Bearish Spinning Top after Tweezer Top o Daily Chart, close below key 0.9578 Centre Tine of AP & May 12 low.
USDINR - Bullish Closing White Marubozo on Daily Chart & possible Pipe Bottom!
USDZAR - Still possible Tweezer Bottom bounce off 9.7830 combination Fibs on Daily Chart.
USDBRL - 2nd White Soldier follows Bullish Piercing Pattern on Daily Chart.