USA ZEUS 23:26 GMT January 6, 2010
EURUSD
EUR/USD-
S3 1.3277
S2 1.3777
S1 1.4277
R1 1.4777
R2 1.5277
R3 1.5777
Syd 23:10 GMT January 6, 2010
AUD/EUR Should Easily Trade 0.6430 - Trader
Reply
AUD/EUR last 0.6381, should easily trade back to 2005 and 2007 highs of around 0.6430, while demand is growing for AUD/USD, says Sydney-based trader at global investment bank. Expects AUD/JPY to also gain. "The new Japanese finance minister said yesterday he welcomed the fact that the Yen is weakening, so his comment will only add support for the AUD/JPY to move higher." Pair last 84.865.
Wall Street 23:00 GMT January 6, 2010
EURUSD
Sorry doing two things at once..
"I don't feel this line was not established decisively on the close."
should be
"I don't feel this line was established decisively on the close."
Wall Street 22:58 GMT January 6, 2010
EURUSD
I'm still focused on EURUSD 1.4400 and I don't feel this line was not established decisively on the close. So now we remain in no-man's land. We still need to establish above or below to set the USD bear or bull scenario. Also watching USDJPY and EURJPY. I wonder how much EUR demand has been coming out of the JPY.
In other words, I am still wondering if EUR demand is sustainable.
sofia kaprikorn 22:46 GMT January 6, 2010
risk mgmt q?
Reply
J.B - when you are around - may I pls ask you a risk mgmt q on leverage and call levels?
Syd 21:52 GMT January 6, 2010
DJ : AUD Should Find Support On Any Dips - BNZ
Reply
AUD/USD should find good support on any dips, possibly testing 0.9240 as USD weakness should linger while AUD/JPY should also break 2009 high of 89.40, says Bank of New Zealand FX strategist Danica Hampton. AUD/USD last 0.9203, AUD/JPY last 85.00. "The JPY is going to remain weak generally." Doesn't expect much impact from new Japanese finance minister. Says Australian retail sales at 0030 GMT will be also closely watched.
AUD may get some direction from retail sales due 0030 GMT, but it's likely market won't get too excited ahead of all-important U.S. jobs numbers Friday, says RBC Capital Markets FX strategist Matthew Strauss. Median consensus is for November sales to rise 0.3% on month.
Livingston nh 21:43 GMT January 6, 2010
cable
I have an interest in this one so disclaimers apply - Cable below the 200 dma and the 21 dma about to cross below 200 dma - the 2/10 spread on gilts is less than comparable treasuries spread // hard pressed to find anything good to say about cable -- EUR/GBP may be a different story
lkwd jj 21:33 GMT January 6, 2010
cable
Reply
i think todays move lower to 15936 was a bear trap as it bounced all the way to 16040. then retraced to 15975 where it has since rallied to 16020 again. mkt has good support there and might be looking to catch some shorts leaning the wrong way. by he way 15950 did print today!!!!! (about time , no?
GVI Forex john 21:24 GMT January 6, 2010
GVI Forex Trading Support
|
The Daily Forex View
Politics
Never Last as Market Drivers21:00 GMT- Jan 6 (global-view.com) Politics
rarely last as a trading influence. Early Wednesday saw concern about Greece
with Stark of the ECB indicating that the central bank was not going to bail
Greece out of its budget problems
MORE...
|
USA ZEUS 21:12 GMT January 6, 2010
January Effect
Reply
Market is preparing for the annual January Effect. Prepare for gargantuan flows over next several sessions.
Cheers!
Syd 20:42 GMT January 6, 2010
DJ MARKET TALK: FOMC Signals That Easy Money Will Keep Flowing
Reply
The FOMC minutes are supportive of the risk-taking environment, said Tim Evans, at Lind-Waldock in Chicago. "Based on the comments coming out of the minutes, it's clear that easy money is going to continue to flow," he said. Fed officials acknowledged the economy is gaining momentum, but judged the recovery as not being strong enough to change their view that interest rates must stay at a record low. FOMC minutes on discussions over the state of the economy reflect the tentatively more optimistic/somewhat guarded statement that arose after the December meeting. Of greater importance, perhaps, "a few" members said more asset purchases beyond the $175 billion agencies and $1.25 trillion mortgages might be needed, given the amount of slack in the economy.
San Diego bobl 20:27 GMT January 6, 2010
Trade Ideas
NYC,
Think that is a function of carry trades coming back online. Plus, when commodities are hot, this is pretty predictable action.
gl/gt
NYC ws 20:18 GMT January 6, 2010
Trade Ideas
Hot money is going out of jpy into commodity currencies. The eur and gbp are being jerked around.
NYC JM 19:51 GMT January 6, 2010
Trade Ideas
eur/usd 1.4435 so far proving tough
U.K. J.B 16:44 GMT January 6, 2010
Trade Ideas: Reply
Just popping back in for a afternoon read. I think the euro will top out especially around the 1.44 35 area , so long dolls/chf at 1.0275 think the better choice GT
San Diego bobl 18:59 GMT January 6, 2010
trading styles
Reply
I have noticed a variety of trading styles and convictions the past couple days. Just to mention a couple of the quality traders with good real trade records but very different styles and my own. First, a common thread is they are usually outside the box of conventional ramblings, and second they are steadfast in their styles and know "who" they are in the market. Examples:
UK JB.........he'll work into a position with long term conviction and doesn't flip out on his outcome. From experience, it appears he knows over time whether long or short the market has a greater % percentage chance of revisiting an area of interest, and has the firepower to build if an original postion works against him, exactly opposite of the "books" say. But, some of the best traders in the world trade this way.
Then there is FM, who fades market moves with specific targets, and tighter stop losers. We all are aware of his methodology and success. It's based on shorter time frames with specific targets. Add to that he is capable of managing multiple positions at a time, thus increasing his changes of greater reward, and sometimes a built in hedge buy such a methodology.
As for myself, my long suit in trading position wise, is to closely follow established correlations, and attempt to get into a trend. Knowing that trends are much less the case than noisy markets, If I open a trade, my story is to follow that adage of let your profits run, and for me often to aid to winners, depending on the greater market picture, and cut my losses short. I also focus on multiple markets, e.g. long gold and oil, which all on GVI side I've held for a long time.........in the case of gold, for 10 years consective, rolling forward from deferred's. As is also well known, I'm a major dollar bear, but know recently we've been in counter trend bounce, thus trading lighter and shorter term. But for sure, every year my best trades by far is the ones held the longest. Now I have the HFT trading systems approach, as another vehicle, which has taken the hardware requirements to a whole different level.
The main point in this whole game is money management first, exits second, and entries are the easiest part of the game imho. Knowing who you are in the battlefield is also key. A common denominator amongest the winners is they are completely aware of their presence, self, and strategy application to the market. Flip-flopping around, attempting to find the perverbial Golden Grail, and with that catching the analysis paralysis desease........is at the very least a reason most traders blow out.
gl/gt
sofia kaprikorn 18:08 GMT January 6, 2010
hourly charts
sofia kaprikorn 07:38 GMT January 6, 2010
hourly charts: Reply
Sell usd/cad
Entry: 1.0383 Target: 1.02 Stop: 1.0417
-------------------
moved stop to breakeven /1.0383/
Lahore FM 18:03 GMT January 6, 2010
Trade Ideas
hk nt looks it is going to be interesting times ahead.
hk nt 18:00 GMT January 6, 2010
Trade Ideas
thanks for sharing. my dealer tells me several of his clients with brilliant records of position trades start to build dollar longs.
lkwd jj 17:52 GMT January 6, 2010
cable
Reply
double top pattern on hourlies still valid, but taking time to develop. looks like we (almost)had second retest of mid point. maybe need catalyst ala boe tommorrow to push. politics might overshadow here so be careful. boost for brown can be very pound bullish in very short term.
USA ZEUS 17:38 GMT January 6, 2010
Trade Ideas
U.K J.B 16:55 GMT January 6, 2010
J.B.- I for one DO read your posts carefully. When you post a position it is seen as coming from a real market sage.
Such wisdom and sage market opinions are rare. While our holding periods are different, we share the same style. Thank you and please keep posting your subtle whispers of genius- Truly top drawer.
Cheers!
Mtl JP 17:17 GMT January 6, 2010
Trade Ideas
J.B 16:55 thank you 4 the caveat and some insight into your risk dealing tactic.
PAR 17:05 GMT January 6, 2010
Iceland
Reply
Iceland plans to hold a referendum on 20 February on legislation allowing the total repayment to Great Britain and the Netherlands of savings lost when its Icesave bank failed.
If the referendum votes the legislation down, a law adopted in August will remain on the statute book. This will see a slower rate of repayment to the two countries and will allow Iceland to renege on part of the debt.
Last week, Iceland's MPs voted for the full repayment of nearly four billion euros lost by British and Dutch savers with the failed bank. However, President Olafur Grimsson refused to sign the bill into law, forcing a referendum.
Britain, the Netherlands and the International Monetary Fund are pushing Iceland to repay the debt in full as quickly as possible.
U.K J.B 16:55 GMT January 6, 2010
Trade Ideas
be careful how u read my post's as i am not a day trader. I look for positions to go against me so i can average into a price. stg/yen yesterday was a classic case it came off 100 points to rally 200. I do not leave stop/loss orders only call levels. So everything you are taught not to do i probably do. IE i leave no stops and i average losing trades , but as we all know it is all about risk management
U.K J.B 16:50 GMT January 6, 2010
Trade Ideas
Yes but be carefull i am using this against nearly 800 points banked on aud/cad . dolls/cad very slow at the moment but decent supp here and lower
NYC ws 16:47 GMT January 6, 2010
Trade Ideas
JB are you still long usdcad?
U.K. J.B 16:44 GMT January 6, 2010
Trade Ideas
Just popping back in for a afternoon read. I think the euro will top out especially around the 1.44 35 area , so long dolls/chf at 1.0275 think the better choice GT
Wall Street 16:34 GMT January 6, 2010
Trade Ideas
As I said earlier 1.4400 is the watershed level for me. USD bulls will become uneasy if 1.4400 is established decisively on a close.
GENEVA JFO 16:31 GMT January 6, 2010
Trade Ideas
Wellcome to the LONG club my friend
Cheers
GVI Forex Blog 16:25 GMT January 6, 2010
Reply
Despite the deep bearish correction that occurred in spot gold (a daily chart of which is shown) in the month of December, price action has begun what could turn out to be a significant rebound
Chart of the Day - 1/06/2010 – GOLD
GVI Forex john 16:20 GMT January 6, 2010
GVI Forex Trading Support
Jan 6 (global-view.com) HIGHLIGHTS: Australian retail sales and visible trade data will be the economic highlights of Far East trade on Thursday. In Europe, Swiss CPI is always important with the SNB targeting inflation. The BOE policy decision is always closely followed. In North America, weekly jobless claims are not in the NFP payroll data Friday but provide additional insight into employment. ADP Jobs numbers and the ISM Service PMIs will be closely scrutinized. The Canadian Ivey PMI tends to be volatile.
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TURSDAY
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0:30
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AU
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Nov Retail Sales
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0.30%
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0.30%
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0:30
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AU
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Nov Trade A$bln
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-1.8
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-2.379
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8:15
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CH
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Dec CPI mm
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0.10%
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0.20%
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8:15
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CH
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Dec CPI yy
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0.50%
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0.00%
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10:00
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EZ
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Nov Retail Sls mm
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0.10%
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0.00%
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10:00
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EZ
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Nov Retail Sls yy
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-1.80%
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-1.90%
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11:00
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DE
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Nov Ind Ord
mm
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1.50%
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-2.10%
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12:00
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UK
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BOE Rates (0.50%)
|
unch
|
unch
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13:30
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US
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Wk Initial Claims
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447K
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432K
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13:30
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US
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WK Cont Claims
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4.98
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4.981
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15:00
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CA
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Dec Ivey PMI
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52
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55.9
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15:00
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US
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DOE Nat Gas bcf
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-153
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-150
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FRIDAY
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6:45
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CH
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Dec Unemploy
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4.10%
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4.10%
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7:00
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DE
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Nov Trade EUR
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12.4
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12.9
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10:00
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EZ
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3Qr GDP qq
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0.40%
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-0.20%
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10:00
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EZ
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3Qr GDP yy
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-4.10%
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-4.80%
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10:00
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EZ
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Nov Unemploy
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9.90%
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9.80%
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11:00
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DE
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Nov Ind Output
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1.00%
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-1.80%
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12:00
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CA
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Nov Employment
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20.0K
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79.0K
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12:00
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CA
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Nov Rate
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8.50%
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8.50%
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13:30
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US
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Dec Employment
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-10K
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-11K
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13:30
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US
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Dec Rate
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10.10%
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10.20%
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15:00
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US
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Oct Whsl Inv
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-0.30%
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0.30%
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Lahore FM 16:00 GMT January 6, 2010
Trade Ideas
Buy Eurusd
Entry: 1.4385 Target: 1.4480/1.4700 Stop: 1.4280
long now.
sofia kaprikorn 15:52 GMT January 6, 2010
CL - 82 Resistance
*whether ...
I'm not sure how strong the Crude/Cad correlation is - howevr for my downside play to work out I still think Crude must go higher..
sofia kaprikorn 15:46 GMT January 6, 2010
CL - 82 Resistance
hmmm... pretty nasty Crude reaction above 82 with a $1 reversal down - probably no one could tell weather it's stop hunt or just bull/bear fighting around this important level..
Miami JN 15:29 GMT January 6, 2010
jpy crosses
Reply
I have been a spectator so far this year and judging by the posts here I am not alone. It looks like someone unloaded jpy on its crosses. This is why the usd is lower except usdjpy.
GVI Forex john 15:24 GMT January 6, 2010
GVI Forex Trading Support
Countdown to U.S. Data @ 15:30 GMT
EIA- The Department of Energy (DOE survey)
EIA Survey comes out Wednesday morning. The DOE survey is more closely watched and generally seen as more accurate than the API data on Tuesday.
GVI Forex john 15:11 GMT January 6, 2010
GVI Forex Trading Support
U.S. Services PMI Chart. Improved but still just barely in positive territory. Employment improved but still contracting.
NYC 15:03 GMT January 6, 2010
data
Reply
ISM Services
PMI 50.1 Vs 48.7 Nov
employment 44.0 Vs 41.6 Nov
GVI Forex john 14:31 GMT January 6, 2010
GVI Forex Trading Support
Countdown to U.S. data @ 15:00 GMT
Purchasing Managers Index- Service
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.
We find the PMI indices to be useful predictors of future economic activity.
Mtl JP 14:22 GMT January 6, 2010
EURUSD
euro steady and Gold leaps UP 10 bux; no particular news catalyst for the pop so probably just a twitch on the trigger of a thin market in a mexican stand-off as it nervously tries to find a trend and flows
GVI Forex Futures 14:22 GMT January 6, 2010
EURUSD
Looking at Euro FX futures as a proxy for the forex positioning. Open interest was up 1244 contracts on Monday and 7285 on Tuesday. With spot below the 20 day average and above the 10-day, I wonder if these were new longs or shorts??
Any help??
My guess is mixed. Id love any other ideas on this. On balance, we have to assume the futures markets are significantly short the EUR FX Futures. Total Open interest as of Tuesday was 152,682 contracts.
GVI Forex Blog 14:20 GMT January 6, 2010
Reply
ECB member Jeurgen Stark chimed in with: “The markets are deluding themselves when they think at a certain point the other member states will put their hands on their wallets to save Greece...”
You’re only as good as your worst player.
Hong Kong Qindex 13:47 GMT January 6, 2010
QIndex Trading System
EUR/GBP
Entry: Target: Stop:
EUR/GBP : Daily Cycle Projected Series
... 0.8806 - 0.8830* - 0.8853 - 0.8865 // 0.8877* - 0.8889 - 0.8900 - 0.8912 - 0.8924* - 0.8936 - [0.8948] - 0.8959 - 0.8971* - 0.8983 - 0.8995 - 0.9006 - 0.9018* // 0.9030 - 0..9042 - 0.9065* - 0.9089 ...
0.8971 is the short term supporting point. A resistant point is positioning at 0.9111.
Wall Street 13:39 GMT January 6, 2010
EURUSD
Reply
Frankly, I'm still trying to figure the market out for the New Year. Key for me is where the EURUSD trades relative to 1.4400 in the short run. To me this is the dividing line between USD strength and weakness.
GVI Forex john 13:33 GMT January 6, 2010
GVI Forex Trading Support
ADP data in line with consensus -75K to -90K. Suggests no changes in consensus for Friday data (consensus unchanged in December). As a footnote, there is a lot of talk both ways on revisions to the November data.
Hong Kong Qindex 13:29 GMT January 6, 2010
QIndex Trading System
Buy EUR/GBP
Entry: Target: Stop:
EUR/GBP : The market is still consolidating within the daily cycle matrix system at 0-8928 - 0.8938 - 0.8999. The next upside targeting range is 0.9023 - 0.9028.
===================================
Buy EUR/GBP
Entry: Target: Stop:
EUR/GBP : Critical Support 0.8827
As shown in the monthly cycle charts the critical level is positioning at 0.8827 - 0.8855. The odds are in favor of maintaining a long position when the market is trading above the critical at 0.8855. Speculative buying interest will increase when the market is able to trade above the daily cycle matrix system at 0.8928 - 0.8938 - 0.8999. The odds are against any position when the market is above 0.9025 on the daily basis.Buy on dips is the preferred trading strategy.
EUR/GBP : Monthly Cycle Charts
http://www.qindex.com/eur-gbp.html
01/04/2010 14:52:12 Qindex Hong Kong 13
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.
GVI Forex john 13:26 GMT January 6, 2010
GVI Forex Trading Support
ADP series include revisions to previous data.
Click on chart for six-year history
GVI Forex john 13:09 GMT January 6, 2010
GVI Forex Trading Support
Countdown to data @13:15 GMT
ADP National Employment Report
The ADP National Private Employment Report is a measure of nonfarm private employment, based on aggregated and anonymous payroll data. The report attempts to provide additional timely and accurate estimates of short-term movements in the national labor markets ADP pays 1-in-6 private sector employees in the United States across a broad range of industries, firm sizes, and geographies.
The data (after revisions) tend to track the government data over time, although on any given month there can be significant discrepancies. The ADP report does not include government employees.
sofia kaprikorn 12:45 GMT January 6, 2010
Crude Oil
john - tnx - helpful as always!
GVI Forex john 12:28 GMT January 6, 2010
Crude Oil
kapricom- see the Calendar
DOE = EIA data
sofia kaprikorn 12:21 GMT January 6, 2010
Crude Oil
Reply
anybody please, could post consensus/forecast for the upcoming
EIA Petroleum Status Report
10:30 AM ET?
GVI Forex Blog 11:48 GMT January 6, 2010
Reply
The yen fell against the dollar on Wednesday after Japan's finance minister Hirohisa Fujii's resignation was accepted, while the euro trimmed losses against the dollar as earlier concerns about Greek fiscal health ebbed.
FOREX NEWS-Yen falls as FinMin resigns; euro trims losses
Amsterdam Noord Purk 11:47 GMT January 6, 2010
Best Supermarket Deals
Healthy new year Big Man!!!!!!!!!!!!!!
It is called the EKO supermarket, you can find it on the left of the motorway A10!!!!
FXS ABHA 11:44 GMT January 6, 2010
SELL GBP/JPY
Reply
Sell GBP/JPY
Entry: Target: Stop:
sell @ 148.00
sell @ 148.50
TP @ 145.26
TP @ 144.94
HAPPY TRADE...
London Misha 10:58 GMT January 6, 2010
Observations
Reply
EURUSD - Possible Bearish Shotting Star or even a Bearish Advance Block on the Daily Chart! Nearing Long MA Support!
USDJPY - Open Black Marubozo. Possible Three Stars in the South all on the Daily Chart!
GBPUSD - Second close under the Long MA!
USDCHF - Bullish Harami on the Daily Chart!
EURGBP - Possible Bearish Shooting Star on the Daily Chart!
EURJPY - First close under the Long MA!
USDCAD - Bullish Hammer on the Daily Chart!
AUDUSD - Possible Doji on the Daily Chart!
NZDUSD - Doji on the Daily Chart!
GVI Forex john 10:48 GMT January 6, 2010
GVI Forex Trading Support
|
The Daily Forex View
6 January 2010Sovereign
Debt Worries
11:00 GMT- Jan 5
(global-view.com) Plenty of concern
about sovereign debt risk today with Stark of the ECB indicating that the
central bank is not going to bail Greece out of its budget problems. Iceland
is having major international financial troubles as well... MORE...
|
GVI Forex Blog 10:40 GMT January 6, 2010
Reply
The Bank of England (BOE) decision on short term interest rate is due to be published tomorrow (Jan 7). The decision on where to set interest rates depends mostly on growth outlook and inflation.
Forexpros Daily Analysis - 06/01/2010
Amsterdam Rob 09:38 GMT January 6, 2010
Best Supermarket Deals
Reply
Amsterdam Purk 09:08 GMT January 6, 2010
Purky...i am still waiting for you to recommend the best Supermarket in Amsterdam where i can get "more bang for my buck".
Amsterdam Purk 09:08 GMT January 6, 2010
Euro
Last two months have proven that despite people call/shout/say/moan/doom/gloom that for both sides money can be made easily.
IF only people listened to themselves...
BUT (T) if so, would made it more difficult for me..
Cheers all.
Syd 08:34 GMT January 6, 2010
Euro
Reply
Talk BIS bought EUR/USD below 1.4300.
Germany Economy Minister Bruederle on German radio said “It is of great interest to everyone in the European Union, because of the stability of the euro, that Germany remains an anchor of stability.” adding “Germany will implement what it has promised on stability and budget questions.”
Viet Nam Forex Begin 08:15 GMT January 6, 2010
Forex Signal : 30 pips Daily !
Reply
Buy GBP/USD
Entry: 1.6045 Target: 1.6075 Stop: 1.6015
Today, other currencies (GBP, EUR, ...) will regain up level.
It make USD regain slowly.
Signals for morning today (These signals were sent to our customers one hour ago with price level at that moment)
sofia kaprikorn 07:38 GMT January 6, 2010
hourly charts
Reply
Sell usd/cad
Entry: 1.0383 Target: 1.02 Stop: 1.0417
tentative entry.
Syd 07:23 GMT January 6, 2010
DJ Euro Down On Report ECB Member Says EU Won't Save Greece -Analyst
Reply
EUR/USD drops below $1.4300, last at $1.4291, vs 1.4370 in late New York trade yesterday after Reuters report, citing an Italian newspaper, that ECB member Stark said Greece might not be rescued by European Union from its current debt, budget woes. Callum Henderson, analyst with Standard Chartered, says report runs counter to market belief that EU would eventually step in to help Greece, and may be a stern warning that patience for Greece's authorities is running out. "Budget figures (in Greece) are essentially false... The market is concerned." Henderson reckons EUR/USD likely to remain choppy in coming days, as short-term direction is unclear
GENEVA DS 06:19 GMT January 6, 2010
BUYYY SILVER PHYSICAL
Reply
XAGEUR
Entry: 12.46 Target: 25.00 Stop: Later
May be trade of the year could well become a long Silver position, but this time I would not pay with my usd-bills, instead I would furnish my EURO-notes with it.... there is a huge hidden crack up boom being done overhere in europe.... euro could loose a lot of value over time... but NOT only against USD... have fun
USA BAY 05:53 GMT January 6, 2010
QIndex Trading System
HONG KONG QINDEX.
DR Q, Could pls you share your bias for eurgbp. tia
Hong Kong Qindex 05:23 GMT January 6, 2010
QIndex Trading System
GBP/USD
Entry: Target: Stop:
GBP/USD : One have to be very cautious if you are taking a long position since the market fails to have a good response when it tests the weekly cycle normal limit at 1.5949. The weekly cycle normal limits are positioning at 1.5640 - 1.5718 - 1.5949. A negative signal will be hoisted in my system when the market fails to close above the weekly cycle normal lower limits at the end of the week in the New York session. Long term references for position traders are freely available in my website.
GBP/USD : Monthly Cycle Charts
http://www.qindex.com/gbp.html
Hong Kong 03:40 GMT January 6, 2010
GBP/USD Daily Outlook by AceTrader
Reply
INTRA-DAY GBP/USD:1.5988
Last Update At 06 Jan 2010 02:47 GMT
Despite cable's initial resumption of this wk's
decline fm 1.6242 after penetrating y'day's NY low
of 1.5965, present rebound fm 1.5945 signals intra-
day low has been formed n consolidation with upside
bias is seen for 1.6025 but 1.6050/60 wud hold.
Raise long entry for this move n sell cable on
further rise for day trade.
Range Forecast
1.5975 / 1.6005
Resistance/Support
R: 1.6007/1.6027/1.6060
S: 1.5945/1.5913/1.5876
Hong Kong Qindex 02:58 GMT January 6, 2010
QIndex Trading System
GBP/USD
Entry: Target: Stop:
GBP/USD : Weekly Cycle Reference
... // 1.5813 - 1.5839 - 1.5908 - 1.5939 // 1.5949 - 1.6004 // 1.6031 - 1.6038 ...
Syd 02:23 GMT January 6, 2010
'Red hot' property sector points to rate rise
Reply
The RBA is not scheduled to meet in January, and the board’s next scheduled meeting is on February 2.Mr Carr said the November building approvals data would add to the case for the RBA to lift rates again in February. ‘‘I think the RBA will be looking at this number and they’ll certainly be looking at the retail sales number tomorrow and inflation numbers on January 27,’’ he said. ‘‘A February rate hike is still live.’’
http://www.smh.com.au/business/red-hot-
property-sector-points-to-rate-rise-20100106-ltb6.html
Syd 02:13 GMT January 6, 2010
Koreans diversifying
Reply
Euro and cable trading higher as South Koreans diversifying their interests by selling the dollars they bought earlier trader talk
Hong Kong Qindex 01:19 GMT January 6, 2010
QIndex Trading System
Sell GBP/USD
Entry: Target: Stop:
GBP/USD : The market is now entering into the monthly cycle pivot centers at 1.5816 - 1.5952 - 1.5980. Speculative selling pressure will increase when 1.5952 fails to hold.
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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.
GBP/USD : Monthly Cycle Charts
http://www.qindex.com/gbp.html
Syd 00:37 GMT January 6, 2010
aud
Reply
Australian houses and apartments approved for construction rose a seasonally adjusted 5.9% in November from October, Forecast for the November reading +3% MoM Australian Bureau of Statistics said Wednesday.
Syd 00:32 GMT January 6, 2010
aud
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*DJ Australia Nov Value Of Building Approvals +24.6% On Month
Australia Nov Private-Sector House Approvals -1.9% On Month
Australia Nov Residential Bldg Approvals +33.3% On Year
Australia Nov Residential Bldg Approvals +5.9% On Month
South Korean FX authorities spotted buying USD
Business conditions in Australia improved in the fourth quarter of 2009, underpinned by further signs of global and domestic economic recovery, according to a survey of investor confidence issued Wednesday by the Australian Chamber of Commerce and Industry.
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