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Forex Forum Archive for 01/04/2010

Pick a date from the header above to view forum postings for that day.
Click here to join the Live Forex Forum.


GVI Forex Blog 23:41 GMT January 4, 2010 Reply   

Renewed Demand for Risky Assets Pumps Up U.S. Equities

GVI Forex Blog 23:40 GMT January 4, 2010 Reply   

Dollar Facing Most Serious Test since Bottoming

Syd 23:03 GMT January 4, 2010
Pimco cuts holding of UK and US government bonds
Reply   
Pimco, which runs the world's biggest bond fund, is cutting back its holdings of UK and US government debt as the two countries grapple with record deficits.
LINK

Credit Suisse faces $24bn luxury property lawsuit
Credit Suisse has been hit with a $24bn (£14.9bn) lawsuit filed by a clutch of luxury property owners in exotic climes from the Bahamas to Nevada. LINK

Syd 22:56 GMT January 4, 2010
fx
Reply   
Stocks Face 'Major Correction'
The outlook for the global economy towards the end of this year and in the beginning of 2011 is not that good," Dariusz Kowalczyk from SJS Markets LINK

Yen -- The New Carry Trade Vehicle for 2010?
LINK

Gartman Says U.S. Growth Prospects Help Support Dollar

Lahore FM 22:51 GMT January 4, 2010
Trade Ideas

Sell eurgbp
Entry: Target: Stop:

eurgbp looks like topping out up here.short entered 0.8955.looking for 0.8840 and 0.86somthing.

this development on eurgbp can hamper further eurusd rise too imho!

HK [email protected] 22:41 GMT January 4, 2010
AUS/USD
Reply   
Seems the Mkt., expects AUS/USD to top at about 91.30, indeed it looks like it may, but this may form the foundation for another surge to 92.0 which seemed hours ago hard to achieve.
Euro has still some meat in it on the way up, and 1.4500 should be well watched.

GVI Forex Blog 22:08 GMT January 4, 2010 Reply   
The Canadian dollar rose nearly one U.S. cent against the greenback on Monday as the price of crude oil rallied and global equity markets kicked off 2010 on an upbeat note, increasing demand for

Forex News - CANADA FX DEBT-C$ hits two-month high as oil, equities climb

Tallinn viies 21:43 GMT January 4, 2010
eurusd
Reply   
HAPPY NEW YEAR!
today was typical first trading day of the year. from the beginning of the day euro is running in one directon. also very common is that after one or two days euro reversing its happiness about new year and returns to late last years stories.

Im taking this up move as opportunity to short with close stop over last week high. if this will taken out I would be ready for next upmove to 1,4565 and then 14720-25 which should hold and turn euro down again to 1,40sh again.
imho of course

Syd 21:13 GMT January 4, 2010
DJ MARKET TALK: Commodity Currencies Outpacing EUR - Barclays
Reply   
Barclays Capital says the most interesting development in forex over the past month is how well the commodity currencies have done despite the USD's rally. In contrast to EUR/USD, which is just off its low, the commodity currencies have recovered about half their early Dec losses vs the USD. Barclays says this signals: 1) investors are not viewing the stronger economic data and the prospect of Fed liquidity withdrawal as recovery killers; 2) bulk position liquidation may have been completed by about Dec 20; 3) central banks have shifted their marginal focus to commodity currencies.

Syd 21:12 GMT January 4, 2010
NZD Likely To Kick On From 6-Week High - BNZ
Reply   

DJ MARKET TALK: Commodity Currencies Outpacing EUR - Barclays

NZD Likely To Kick On From 6-Week High - BNZ
NZD/USD likely to trade higher as improved manufacturing data around world fuels optimism that awful 2009 now behind us, says Bank of NZ forex strategist Danica Hamption. "New Year optimism has taken hold. We have seen a string of good data out of global markets. People are thinking the prospects for 2010 are much brighter than what we saw in 2009." Adds stronger equity markets boosting growth-sensitive currencies such as NZD; expects dips this session limited to 0.7250, first resistance at 0.7360; but likely push toward Nov. 23 high of 0.7370 in next 2 sessions; pair last 0.7337, 6-week high, vs 0.7236 locally before New Year holiday.

GVI Forex Blog 20:55 GMT January 4, 2010 Reply   
TRADING SCENARIO- Dealers seemed to be feeling their way on Monday. The tone of the USD was expected to improve today, but as it fell most just stepped aside and let it go....

Daily GVI Forex Forex View 4 Jan 2009- Late- Payrolls Friday are the bottom line

GVI Forex john 20:52 GMT January 4, 2010
GVI Forex Trading Support


The Daily Forex View

4 January 2010

Payrolls Friday are the bottom line

21:00 GMT - TRADING SCENARIO- Dealers seemed to be feeling their way on Monday. The tone of the USD was expected to improve today, but as it fell most just stepped aside and let it go....

MORE...

lkwd jj 20:35 GMT January 4, 2010
usdjpy
Reply   
both 1hr and 4 hr charts show broken uptrendline. sold here @54 with 93 stop. 91.96 target (50ma). usd starting year on back foot so far.maybe better levels to buy ,for gains later, but short term looking heavy.

GVI Forex Blog 19:53 GMT January 4, 2010 Reply   

Demand for Higher Risk Assets Drives S&P through Recent High

GVI Forex Blog 19:46 GMT January 4, 2010 Reply   

Friendly U.S. Manufacturing Data Weakens Dollar

Hillegom Purk 18:31 GMT January 4, 2010
CAD

Goodie goodie JB, unfortunately we have those as well.
May the best "tanner" win...
Cheers

U.K J.B 18:28 GMT January 4, 2010
CAD

You have no worries there Purk. Our lot will be more interested in topping up their sun tans and shopping for the lastest designer gear and jewellery.....

hk nt 18:22 GMT January 4, 2010
VIX reversal
Reply   
VIX -- likely to see wedge reversal to the north after making a new low at 18 in coming days

http://finance.yahoo.com/echarts?s=^VIX#chart3:symbol=^vix;range=1y;indicator=volume+rsi;charttype
=candlestick;crosshair=on;ohlcvalues=1;logscale=on;source=undefined

Hillegom Purk 18:21 GMT January 4, 2010
CAD

Thanks UK JB. But don t win the world champion ship in SA... we wish to do that...

U.K J.B 18:02 GMT January 4, 2010
CAD

We run a number of programmes long , med and short term. All backed by a very thought out overlay model. The short term programme today ie value trades bought dolls/chf here doll/cad and sold aud dolls @ 9132. It is to early yet to be forming a longer term view , changing from our current exposure. GT/GL

GVI Forex Blog 17:58 GMT January 4, 2010 Reply   
EUR up early in 2010 Greece revises fiscal outlook PMI gains in Europe and China U.S. non-farm payrolls on Friday

Forex Market Commentary and Analysis (4 January 2010)

Hillegom Purk 17:54 GMT January 4, 2010
CAD

UK JB. are thou buying dollars for the bounce still or do you see whole year sort of dollar attitude?
i have a vision that i see 134ish as e/u low and 155+ ish as highs.
Thanks and health...

U.K J.B 17:48 GMT January 4, 2010
CAD

Your very welcome USA Zeus . Wish you all the very best for a successful trading year . I have a feeling 2010 will provide some excellant opportunities. GL

Montreal Taro 17:44 GMT January 4, 2010
chart
Reply   
Zeus,
Can you post your chart, to see how your easy entry system developped today ?

Thank you!

USA ZEUS 17:20 GMT January 4, 2010
CAD

U.K J.B 15:50 GMT January 4, 2010

J.B.- your insights are true gems.
Thank you sir for your kindness in sharing your truly professional ideas.

Cheers!

GVI Forex john 17:06 GMT January 4, 2010
gvi pivots

Its all automated. I can't change it.

lkwd jj 16:32 GMT January 4, 2010
gvi pivots

i figure you would use the last data which was from thursday.

Hong Kong Qindex 16:32 GMT January 4, 2010
QIndex Trading System

GBP/USD
Entry: Target: Stop:

GBP/USD : The market is under pressure when it is rejected from the weekly cycle pivot center at 1.6237 - 1.6289 - 1.6442. It is now heading towards the weekly cycle initial downside targeting points at 1.5939 - 1.6004 - 1.6113.



01/04/2010 10:16:28 Qindex Hong Kong 3

GBP/USD
Entry: Target: Stop:
GBP/USD : The market is now trapped between two sets of super magnets. One set is the monthly cycle pivot centers at 1.5816 - 1.5952 - 1.5980 and the other set is the weekly cycle pivot centers at 1.6237 - 1.6289 - 1.6442. Both set of magnets are exerting their pulling effects on the market movement.

GVI Forex john 16:31 GMT January 4, 2010
gvi pivots

jj - thats because of the January 1 data. We used the same numbers for high low and close on that day since there were no reliable ranges. This will be resolved when we load todays data after the NY close later. Happy New Year to you as well.

lkwd jj 16:25 GMT January 4, 2010
gvi pivots
Reply   
john happy new year! is there a glitch on the chart points? pivots and r1,r2,r3 and s1,s2,s3 are all same number. these are my night vision glasses.

lkwd jj 16:23 GMT January 4, 2010
CABLE
Reply   
161.23 area was 50 and 20 ma on hourlies can get ugly as we look for next support level.

Hong Kong JC 16:22 GMT January 4, 2010
buy gbpusd

both entry @ 1.6150 and 1.6210 was stopped.

Hong Kong JC 16:20 GMT January 4, 2010
CAD

shorted CAD @ 1.0375

HK Kevin 16:18 GMT January 4, 2010
CAD

Hong Kong JC 15:14 GMT January 4, 2010
CAD: Reply
short CAD at 1.0375
----------------------------------------
JC, are you short USD/CAD or CAD?

USA ZEUS 16:16 GMT January 4, 2010
CAD

Mtl JP 15:46 GMT January 4, 2010

Post your trades man! Empty rhetoric to critique others is simply hot air. Since you pontificate as such an authoritative superior to all in trading then grow a pair and post your trades in real time.
Otherwise, you sound like Harry Reid or Nancy Pelosi- quick to point a finger and evasive to make real decisions.

GVI Forex Blog 16:02 GMT January 4, 2010 Reply   
HIGHLIGHTS: No major data are set for release from the Far East on Tuesday. In Europe, the flash E-Z HICP is the primary inflation target of the ECB.

GVI Forex- Data Outlook for January 5, 2010

GVI Forex john 15:57 GMT January 4, 2010
GVI Forex Trading Support

HIGHLIGHTS: No major data are set for release from the Far East on Tuesday. In Europe, the flash E-Z HICP is the primary inflation target of the ECB.

In North America, U.S. pending homes sales are a reliable predictor of existing homes. Factory Orders are due as well. Canadian PPI data are also due.


Upcoming Top Tier Releases:
Wednesday
EZ/UK- Service PMI
EZ- PPI, Industrial Orders
US- Mortgage Statistics, ADP Jobs, Service PMI

Thursday
AU- Retail Sales
CH- CPI
EZ- Retail Sales
DE- Industrial Orders
UK- BOE
US- Weekly jobless
CA- Ivey PMI
Friday
CH- Unemployment
DE- Trade
EZ- GDP, Unemployment
DE- Industrial Output
CA- Employment, Wholesale Inventories

10:00

EZ

Oct HICP (flash) yy

1.00%

0.50%

13:30

CA

Nov PPI mm

n/a

-0.30%

13:30

CA

Nov PPI yy

n/a

-6.30%

15:00

US

Nov Pnd-Home

-2.10%

3.70%

15:00

US

Nov Factory Ords

0.50%

0.60%

sofia kaprikorn 15:50 GMT January 4, 2010
CAD



hi - Wish everybody Happy New Year and prosperous business!
.....

I was looking for some time on the USDCAD charts and the Weekly one is giving some key clue that we are on a Long term T/L Support.

The other view is a Large Descending Wedge.

the most obvious patterns are most probably not going to happen as the majority observes them and I 'm watching with curiosity which scenario will prevail.

GVI Forex Blog 15:50 GMT January 4, 2010 Reply   
In the first day of equity trade of 2010 indices are showing broad strength across the board with energy and financials leading the way.

Forex Blog - US Market Update (Trade the News)

U.K J.B 15:50 GMT January 4, 2010
CAD

MTL jp think i have been in the business long enough to handle my risk man thank you. I wont be bailing out with a 50 pip stop i leave that for the day traders

Hong Kong JC 15:50 GMT January 4, 2010
CAD

you will see I am correct or not

U.K J.B 15:48 GMT January 4, 2010
CAD

Well it is here for a reason strong stocks etc etc. I am building longs looking to short euro buy dolls in general. In my eyes crazy to be selling doll/cad here when we were at 1.05+ start of play. Just my thoughts GL

Mtl JP 15:46 GMT January 4, 2010
CAD

JC & J.B. / direction is only one component of a trade:
both of you are missing risk magnitude parameters.

San Diego bobl 15:42 GMT January 4, 2010
CAD

JB.........
The weekly and daily show major support here........., especially the weekly. Certainly agree that the R/R here is worthwhile...........you have support all the way to the even, however personally would duck if we print 1.0340.

gl/gt

U.K J.B. 15:29 GMT January 4, 2010
CAD

Long dolls/cad 1.0377 one of US will be right then. Decent r/r buy in my books GL

GVI Forex Blog 15:15 GMT January 4, 2010 Reply   
Price action on USD/CAD, a daily chart of which is shown, on the first trading day of the New Year has displayed a marked bearishness that has brought the currency pair back down to dip below strong

Chart of the Day - 1/04/2010 – USD/CAD

Hong Kong JC 15:14 GMT January 4, 2010
CAD
Reply   
short CAD at 1.0375

GVI Forex john 15:09 GMT January 4, 2010


U.S. mfg PMI updated...

GVI Forex Blog 15:02 GMT January 4, 2010 Reply   

Renewed Demand for Higher Risk Assets Fuels Surge in Commodities

GVI Forex Blog 15:01 GMT January 4, 2010 Reply   

Strong U.K., China Manufacturing Data Sinks Dollar

Hong Kong Qindex 14:52 GMT January 4, 2010
QIndex Trading System

EUR/GBP
Entry: Target: Stop:

EUR/GBP : Speculative buying interest will increase again when the market is able to trade above the daily cycle matrix system at 0.8919 - 0.8940 - 0.8954.

Viet Nam Forex Begin 14:39 GMT January 4, 2010
Forex Signal : 30 pips Daily !
Reply   
Buy GBP/USD
Entry: 1.6177 Target: 1.6207 Stop: 1.6147

Monday, 04 January 2010 14:40 GMT

Signals for afternoon today

GVI Forex Blog 14:12 GMT January 4, 2010 Reply   
Former Fed Chairman Alan Greenspan – you might know him as The Maestro – obviously soaked up the fame and glory that came with his command over all things monetary. But since stepping down...

Bernanke Setting a Bad Precedent?

GENEVA JFO 14:04 GMT January 4, 2010
happy new year

Very Good Year 2010 to You HC and profitable trades.

Yes, first week is allways tricky and volatile....but that's what we want, isn't?

GT :=)

London HC 13:49 GMT January 4, 2010
happy new year
Reply   
Welcome back and happy new year. I hope it is a good one for all of us.

I must admit this is a confusing day but typical for the start of the year..

GVI Forex john 13:42 GMT January 4, 2010
GVI Forex Trading Support

Countdown to Data

Purchasing Managers Index – Manufacturing

Most major economies have purchasing managers indices (PMI) released monthly. They are compiled by various organizations. Some focus on the manufacturing sector while others measure the service sector. They are a very current measure of the economic health of the manufacturing or services sector. The PMI indies are usually based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment.

A PMI of greater than 50 represents expansion, compared to the previous month. A reading under 50 represents a contraction, while a reading at 50 indicates no change.

IMPACT: We find the PMI indices to be useful predictors of future economic activity.

Construction Spending

The Construction Spending data is a monthly report that report on the amount of construction spending for home building, which is the major component of the report. In addition to residential spending, the data also tracks spending on government projects and office buildings.


Juffair KaL 13:31 GMT January 4, 2010
this weeks' recommendations

AUDUSD maybe a sell around here
Average 0.9088 0.8860
1/4/2010 8:00 0.9087 0.8859
1/6/2010 2:10 0.9094 0.8867
1/7/2010 20:21 0.9092 0.8864
1/9/2010 14:31 0.9078 0.8851

Lahore FM 13:23 GMT January 4, 2010
Trade Ideas

12/31/2009 08:11:14 FM Lahore 19

Buy usdcad
Entry: 1.0596 Target: Stop:
2nd long usdcad entered now at 1.0496,stops at 1.0440.
--
stopped for minus 56.

Lahore FM 13:21 GMT January 4, 2010
Trade Ideas

01/03/2010 22:13:35 FM Lahore 3
12/31/2009 12:20:31 FM Lahore 15

Sell gbpusd
Entry: 1.6195 Target: Stop: 1.6260
sold a second position.
--
let us start 2010 with a t/p.
closed 1.6195 short 1/2 at 1.6111,stops to entry on remainder now.t/p open for remainder 1/2.
--
stopped for 84+ pips profit on 1/2 at 1.6195.

Juffair KaL 12:46 GMT January 4, 2010
this weeks' recommendations

eurjpy shorts here
Average 133.4739 131.1361
1/4/2010 7:00 133.7171 131.3752
1/6/2010 0:29 133.6472 131.3065
1/7/2010 17:59 133.4390 131.1017
1/9/2010 11:29 133.0924 130.7609

GVI Forex john 12:31 GMT January 4, 2010


Earlier UK mfg PMI

GVI Forex john 12:30 GMT January 4, 2010
GVI Forex Trading Support



Earlier revised EZ mfg PMI (unchanged from "flash").

GVI Forex Blog 12:02 GMT January 4, 2010 Reply   

FX Thoughts for the day : 04-Jan-2010 - 1200 GMT

GVI Forex Blog 11:37 GMT January 4, 2010 Reply   
The dollar dipped on Monday, reversing earlier gains as caution set in ahead of key U.S. data, leaving investors wary of pushing the U.S. currency up further after it hit a four-month high versus the yen.

FOREX NEWS-Dollar turns lower on caution before U.S. data

GVI Forex Blog 11:26 GMT January 4, 2010 Reply   
The EUR will be affected by the publication of the German Unemployment Change tomorrow (Jan 5).

Forexpros Daily Analysis - 04/01/2010

GVI Forex Blog 11:02 GMT January 4, 2010 Reply   
11:00 GMT- TRADING SCENARIO- Because of the calendar. it seems all of the financial markets have all returned simultaneously to work this year. Traders will still likely be cautious initially following the extended holiday period.

Daily GVI Forex Forex View for 4 January 2010- Early

GVI Forex Blog 11:02 GMT January 4, 2010 Reply   
Currencies: Dealers noted that US yields were likely to set the tone to start the year. The US 2-year yields climbed to

European Market Update: PMI Manufacturing data aiding risk appetite as 2010 trading commences

GVI Forex john 10:58 GMT January 4, 2010
GVI Forex Trading Support
Reply   

The Daily Forex View

4 January 2010

11:00 GMT- TRADING SCENARIO- Because of the calendar. it seems all of the financial markets have all returned simultaneously to work this year. Traders will still likely be cautious initially following the extended holiday period.

MORE...

Amman wfakhoury 10:31 GMT January 4, 2010
buy gbpusd
Reply   
Buy around 16200 tp 16280 .
buy another 16150 if decline exit both 16210

Amman wfakhoury 10:28 GMT January 4, 2010
gbpusd is strongly heading up
Reply   
gbp/usd is strongly heading up twd 16290 .

Hong Kong Qindex 10:16 GMT January 4, 2010
QIndex Trading System

GBP/USD
Entry: Target: Stop:

GBP/USD : The market is now trapped between two sets of super magnets. One set is the monthly cycle pivot centers at 1.5816 - 1.5952 - 1.5980 and the other set is the weekly cycle pivot centers at 1.6237 - 1.6289 - 1.6442. Both set of magnets are exerting their pulling effects on the market movement.

Hong Kong Qindex 10:00 GMT January 4, 2010
QIndex Trading System

GBP/USD
Entry: Target: Stop:

GBP/USD : Current Comments


The market is still under pressure when it is below the weekly cycle pivot centers at 1.6237 - 1,6289 - 1.6442. It is basically a big range market between 1.6031 - 1.6216 for the time being. The bias is on the upside when the market is trading above the barriers at 1.6090 - 1.6101. Buy on dips would be the preferred trading strategy. The current expected trading range from the monthly cycle charts is 1.6067 - 1.6560.


GBP/USD : Monthly Cycle Charts
http://www.qindex.com/gbp.html

Montreal Taro 09:09 GMT January 4, 2010
Zeus Easy Entry System- GBP/USD

Good morning Zeus,

I'm curious to see how look your chart now...

Juffair KaL 08:36 GMT January 4, 2010
this weeks' recommendations

usdjpy
Average 94.2719 92.6107
1/4/2010 3:00 93.4831 91.8354
1/6/2010 18:15 94.2051 92.5451
1/9/2010 9:31 95.1273 93.4515

very bulish

Day Trade
93.2618 92.7956
93.2762 92.7807
adding longs

Juffair KaL 08:25 GMT January 4, 2010
eurgbp
Reply   
eurgbp...selling w/ spikes

Average 0.8938 0.8696

1/4/2010 3:00 0.9055 0.8811
1/6/2010 16:44 0.8953 0.8710
1/9/2010 6:28 0.8806 0.8568

Juffair KaL 08:04 GMT January 4, 2010
this weeks' recommendations

cable
Average 1.6368 1.5827
1/4/2010 2:00 1.6303 1.5764
1/6/2010 15:44 1.6363 1.5822
1/9/2010 5:28 1.6438 1.5895

usdcad
Average 1.0658 1.0353
1/4/2010 3:00 1.0622 1.0318
1/6/2010 18:46 1.0651 1.0346
1/9/2010 10:33 1.0700 1.0394

usdchf
Average 1.0585 1.0345
1/4/2010 3:00 1.0492 1.0253
1/6/2010 16:44 1.0570 1.0330
1/9/2010 6:28 1.0694 1.0451

i guess they like longing the USD

Viet Nam Forex Begin 08:00 GMT January 4, 2010
Forex Signal : 30 pips Daily !
Reply   
Buy GBP/USD
Entry: 1.6094 Target: 1.6124 Stop: 1.6064

Monday, 04 January 2010 08:00 GMT

Happy New Year 2010.

Opening today working session, USD regain strongly against my prediction.

It make me and my customers lost 30 pips each pair.

But I still beleive that main trend of today is up.

However, voted one Poor by myself for my morning signal.

Juffair KaL 07:55 GMT January 4, 2010
this weeks' recommendations

eurusd
average 1.4326 1.4049
more of a sell week

1/4/2010 2:00 1.4459 1.4180
1/6/2010 15:44 1.4345 1.4068
1/9/2010 5:28 1.4173 1.3899

Juffair KaL 07:29 GMT January 4, 2010
this weeks' recommendations

nzdusd
highs and low expected

average 0.7398 0.7149

1/4/2010 2:00 0.7363 0.7115
1/6/2010 17:46 0.7433 0.7183
1/9/2010 9:33 0.7504 0.7252

Hong Kong Qindex 07:04 GMT January 4, 2010
QIndex Trading System

GBP/USD
Entry: Target: Stop:

GBP/USD : Critical Support 1.5816


As shown in the monthly cycle charts the market is pulling towards the monthly cycle pivot centers at 1.5816 - 1.5952 - 1.5980. The graphic indication suggests that a barrier is located at 1.6067. the monthly cycle congested area indicates that the market has a tendency to trade within 1.5816 - 1.6676.


GBP/USD : Monthly Cycle Charts
http://www.qindex.com/gbp.html

Juffair KaL 06:21 GMT January 4, 2010
this weeks' recommendations
Reply   
i did these and adding

EUR/NZD S
AUD/NZD S
NZD/JPY B
EUR/AUD S
GBP/CHF B
NZD/USD B

PTA AHG 05:51 GMT January 4, 2010
USA ZEUS 03:57 GMT January 4, 2010
Reply   
Good Morning ZEUS, nice charts, do you mind a question, what indicators is that on the charts, looks pretty accurate, Thanks and Happy New Year.

Hong Kong JC 05:21 GMT January 4, 2010
EUR/GBP
Reply   
Wishing everybody an extremely profitable year and thereafter.

The year will start off with a very heavy “data” release especially from the U.S. and will end up with the sensational “U.S. non-farm payroll” which changed the USdollar’s fate last month. The consensus from market is optimistic, so I will presume USdollar will continue on the upper end of the Index.

While watching the data release for the week, I will recommend a “cross-pair” as my first for the year-----EUR/GBP
BUY: at 0.8850-70 Target: 0.9050 Stop: 0.8820
Technically the 200 day MA is currently supporting at 0.8852 with only 1 daily close below the 200 day MA since Nov 16. With support also lurking just below at 0.8834 we will buy ahead of the 200 day MA, stopping below 0.8830 and initially targeting recent highs at 0.9055, but will square longs on failed attempts at 89.75.

Hong Kong Qindex 04:26 GMT January 4, 2010
QIndex Trading System

GBP/USD
Entry: Target: Stop:

GBP/USD : Basically the market is now consolidating within the daily cycle matrix system at 1.6057 - 1.6108 - 1.6151.

Hong Kong Qindex 04:01 GMT January 4, 2010
QIndex Trading System

Sell GBP/USD
Entry: Target: Stop:

GBP/USD : Weekly Cycle Analysis


The bias is on the downside when the market is trading below the weekly cycle pivot centers at 1.6237 - 1.6289 - 1.6442. The initial weekly cycle downside targeting points are 1.5935 - 1.6004 - 1.6113.

USA ZEUS 03:57 GMT January 4, 2010
Zeus Easy Entry System- GBP/USD



Update- Chart3

Happy Day!

USA ZEUS 03:56 GMT January 4, 2010
Zeus Easy Entry System- GBP/USD



Chart2 as posted earlier on a different thread

USA ZEUS 03:54 GMT January 4, 2010
Zeus Easy Entry System- GBP/USD
Reply   


Chart1 as posted earlier on a different thread

Hong Kong Qindex 03:49 GMT January 4, 2010
QIndex Trading System

GBP/USD
Entry: Target: Stop:

GBP/USD : The range should be 1.6031 - 1.6067.

Hong Kong Qindex 03:39 GMT January 4, 2010
QIndex Trading System

Sell GBP/USD
Entry: Target: Stop:

GBP/USD : The bias is on the downside when the market is below the barriers at 1.6090 - 1.6101.

GVI Forex Blog 03:37 GMT January 4, 2010 Reply   

Morning Briefing : 04-Jan-2010 - 0335 GMT

Hong Kong Qindex 03:36 GMT January 4, 2010
QIndex Trading System

GBP/USD
Entry: Target: Stop:

GBP/USD : The supporting points at 1.6031 and 1.6061 is going to be challenged.

Syd 02:44 GMT January 4, 2010
A Weaker Greenback Expected This Year
Reply   
LINK

Gold will be the next bubble if we don't learn our lesson
LINK

Mat Kaleel, portfolio manager at H3 Global Advisors tells Peter McGuire, MD of CWA Global Markets, CNBC's Oriel Morrison and Sri Jegarajah his bullish outlook for gold.LINK

Tehran Plans a Major Military Exercise
Iranian media on Sunday reported Tehran will conduct a large-scale defensive military exercise next month, coinciding with what government officials now say is a deadline for the West to respond to its counteroffer to a nuclear-fuel deal.LINK

EU ZORRO 01:57 GMT January 4, 2010
HAPPY 2010
Reply   

...Wish a Happy 2010 to my old friends here...!!!!

Hong Kong 01:13 GMT January 4, 2010
Market Outlook by AceTrader
Reply   
Market Review - 31/12/2009 20:55 All times in GMT
Dollar ends 2009 at 3-month high vs yen

The greenback rallied to a 3-month high against the yen but fell against the pound. The dollar index, which tracks the US currency’s progress against a basket of the world’s main currencies, rose slightly to 77.93 after early weakness.

U.S. released its initial weekly jobless claims data on Thursday and it was better than expected. The weekly claims fell by 22,000 to a seasonally adjusted 432,000 in the week ended Dec. 26, the lowest level since July 19, 2008. Economists surveyed had estimated claims would rise by 3,000.

Despite rising to intra-day high of 1.4441 just ahead of European opening due to a large order by an Asian player in a holiday-thinned market, the single currency received no follow though buying in Europe and ratcheted lower and then fell after the release of U.S. jobless claims. Euro dropped back to 1.4307 in NY morning before stabilizing.

The British pound extended previous day's rally and rose against the dollar and the euro, posting the first annual gains against both since 2006 as a bigger-than-expected jump in house prices added to signs the U.K. economic slump is easing. Cable started off Thursday with a brief pullback to 1.6048 but price quickly rebounded and extended the rally from Wednesday's 1.5832 low to intra-day high of 1.6236 at NY opening on cross demand in sterling before trading sideways in NY afternoon(gbp/jpy penetrated this month's 149.08 high and rose to a high of 150.68 while eur/gbp remained under pressure and fell to intra-day low of 0.8857 in NY afternoon).

The dollar rose to a three-month high against the yen on speculation the Federal Reserve is moving closer to withdrawing its fiscal stimulus measures. Despite a brief fall to intra-day low of 91.90 in Asia, the pair rebounded from there and later rallied above Wednesday's high of 92.77 in NY morning and climbed to as high as 93.15 in NY mid-day session before stabilizing.

Data to be released next week include Swiss retail sales, Germany retail sales, manufacturing PMI, EU manufacturing PMI, U.K. manufacturing PMI, U.S. construction spending , ISM manufacturing on Monday; Germany unemployment rate, U.K. PMI construction, EU HICP flash, Canada PPI, U.S. durable goods, factory orders, pending home sales on Tuesday; Germany services PMI, EU services PMI, U.K PMI service, EU industrial orders, PPI, U.S. ADP unemployment, ISM non-manufacturing on Wednesday; New Zealand trade balance, Australia trade balance, retail sales, Swiss CPI, EU retail sales, Germany industrial production, U.K. BOE rate decision, U.S. jobless claims , FOMC minutes release, Canada Ivey PMI on Thursday; Japan leading indicators,Germany trade balance, industrial production, U.K. PPI, EU GDP, unemployment rate, Canada unemployment rate, U.S. non-farm payrolls, wholesale inventories on Friday.

Sydney ACC 00:51 GMT January 4, 2010
China and the other Brics will rebuild a new world economic order

This is similar to the rhetoric of 10 years ago - "old" and "new" when the markets discounted the resource based economies.

Syd 00:00 GMT January 4, 2010
China and the other Brics will rebuild a new world economic order
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Five emerging nations – and booming countries across Asia – are set to overtake America and Europe
As the past decade slips away, it is easy to remember it economically as one which began with the dotcom boom and ended with the "Great Implosion" that left Britain, the US and other industrialised nations struggling with the most painful recession in the postwar period.
http://www.guardian.co.uk/business/2010/jan/03/china-brics-global-economy-america-europe

 




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