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Forex Forum Archive for 01/12/2010

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 23:58 GMT January 12, 2010 Reply   

Stocks Feel Pressure as Demand for Risky Assets Falters

GVI Forex Blog 23:58 GMT January 12, 2010 Reply   

British Pound Rallies amid Rise in U.K. Trade Balance

HK [email protected] 22:59 GMT January 12, 2010
USD/CAD
Reply   


Worrying daily stoch.
One may brace for a correction up to around 1.07xx.

USA ZEUS 22:30 GMT January 12, 2010
Trends

Only intra-market and no inter-market analysis for the time being.

USA ZEUS 22:26 GMT January 12, 2010
Trends

In the current market environment have thrown out "normal' correlations between pairs, crosses, commodities, yields, and equities and only look at each on its own island for now.

lkwd jj 22:23 GMT January 12, 2010
USD/JPY

a 25 pip trailing stop has worked well in usdjpy, though need a wider one in cable. somedays a tighter leash needed (20).

USA ZEUS 22:17 GMT January 12, 2010
Trends

bobbl-

Thanks friend for this and your earlier comments. You are a sage and wise trader with many notches of experience for all to learn from. Please keep sharing.

Cheers!

USA ZEUS 22:15 GMT January 12, 2010
USD/JPY

Thanks jj.

San Diego bobl 22:08 GMT January 12, 2010
Trends
Reply   
ZEUS...

Roger that my friend, and congrats on your performance in this type of market.

gl/gt

lkwd jj 22:02 GMT January 12, 2010
USD/JPY

.05 with a 3 box

USA ZEUS 21:59 GMT January 12, 2010
USD/JPY

lkwd jj 21:53 GMT January 12, 2010

Curious what the box size is and number of boxes to determine the reversal?

USA ZEUS 21:58 GMT January 12, 2010
Trends

Every bit of historical data has some form of "trend" to it- just like the length of a coastline seemingly increases or decreases depending on the length of the unit of measurement chosen.

lkwd jj 21:53 GMT January 12, 2010
USD/JPY

jay off of p & f charts support was lows of 1/5/2010 at 91.24. last resistance was at 90.91 high of 12/18/2009.

USA ZEUS 21:53 GMT January 12, 2010
Trends

San Diego bobl 21:30 GMT January 12, 2010

Yes Ed has many strengths and talents- truly an intellect and phenomenal analyst, tirbal leader etc, However, we all have weaknesses and Ed's is music LOL.
Some make it big with long term trades, daytrades, Stevie Cohen style trades, HFT trades etc etc. Success comes in many forms. The only form it does NOT come in is the "typical" form.

Cheers!

HK [email protected] 21:52 GMT January 12, 2010
AUS/USD USD/CAD Dailty chart pivot point reversal
Reply   
AUS/USD USD/CAD not an ideal Pivot Point Reversal, but close to an ideal one(close very near days low).
It all depends how one defines close to the low of the day.
For tutorial on Pivot Point reversal see:

http://www.youtube.com/watch?v=271_wkv4Oto

GL/GT to all

Tallinn viies 21:50 GMT January 12, 2010
eurusd
Reply   
sad if euro ends at the bottom of daily range. it just started to look bullish again and now???
anyway, crude look bad. barclay´s gave out short recommendation today, they hardly never do that.
stocks looks tired and broke under previous day low....
I think it is possible that euro will 1.44´-20 area before London starts again

GVI Forex Blog 21:47 GMT January 12, 2010 Reply   
The Canadian dollar fell against the U.S. currency on Tuesday after data showed the country's trade balance unexpectedly slipped into deficit in November, raising worries about the health of the recovery.

Forex Market News - CANADA FX DEBT-C$ stumbles after surprise trade deficit

GVI Forex Blog 21:40 GMT January 12, 2010 Reply   
Commodity currencies slipped on Tuesday after China said it would tighten banks' reserve requirements, raising concerns that Chinese demand could fall and slow the global economic recovery.

FOREX NEWS - Commodity currencies slip on China's bank measures

San Diego bobl 21:30 GMT January 12, 2010
Trends

Kiril,

Please know that I didn't make that as a derogatory post. Ed is a very complex intellect.......truly a trading genious. There are lots of "hidden" information in his writings. If you ever have opportunity to sit with him trading, you may discover what my intent was. He didn't get where he is "daytrading".

Best Wishes and please know I meant no harm,

gl/gt

sofia kaprikorn 21:25 GMT January 12, 2010
Trends

hello!
just a fan of those with huge intellect.
these are his words from his site - just sharing.
all the best!

San Diego bobl 21:22 GMT January 12, 2010
Trends
Reply   
Sofia,

You gotta be kidding. I don't know if you have studied under Ed or are a member of his tribe, but if you truly understand this huge intellect of trading, he is a classic example of trend follower, builder, and hugely successful.

gl/gt

USA ZEUS 21:12 GMT January 12, 2010
USD/JPY



Blue bars.

GVI Forex Blog 21:10 GMT January 12, 2010 Reply   
21:00 GMT- Jan 12 (global-view.com) Heading into the mid-week period, the USD is looking decidedly heavy. It appears that EURUSD bottomed late last week on the back of the poorer than forecast employment data.

Daily GVI Forex Forex View- Bearish USD Pattern Needs Confirmation

sofia kaprikorn 21:09 GMT January 12, 2010
Trends

There is no such thing as the trend; there are countless trends, depending on the method we use to determine a trend. People typically pick a method for determining trend that fits with their current positions and/or view of the market.
........
All methods of defining trends compare various combinations of historical price points. All trends are historical, none are in the present. There is no way to determine the current trend, or even define what current trend might mean; we can only determine historical trends.

The only way to measure a now-trend (one entirely in the moment of now) would be to take two points, both in the now and compute their difference. Motion, velocity and trend do not exist in the now. They do not appear in snapshots. Trend does not exist in the now and the phrase, "the trend" has no inherent meaning. When we speak of trends, we are speaking, necessarily, from some or another view of history.

There is no such thing as a current trend. When we speak of trends we are necessarily projecting our own definitions.

With that in mind, we can proceed to examine ways to define, compute and use trends.
........

http://www.seykota.com/tribe/tsp/trends/index.htm

GVI Forex john 21:06 GMT January 12, 2010
GVI Forex Trading Support


The Daily Forex View

Bearish USD Pattern Needs Confirmation

21:00 GMT- Jan 12 (global-view.com) Heading into the mid-week period, the USD is looking decidedly heavy. It appears that EURUSD bottomed late last week on the back of the poorer than forecast employment data.

MORE...

sofia kaprikorn 21:06 GMT January 12, 2010
21-DMA pull

sofia kaprikorn 17:02 GMT January 12, 2010

long USD/YEN 90.99 / SL 90.57
----------------------------
added 1/2 at 91.01
---------------------------
added last 1/3 at 91.00 -
looking for a close around 91.34 /21-DMA/

USA ZEUS 21:05 GMT January 12, 2010
USD/JPY

I have blue bars throughout.

USA ZEUS 21:01 GMT January 12, 2010
USD/JPY

Looks like a nice pop higher is imminent here.

Syd 20:43 GMT January 12, 2010
DJ Fewer Investors Expecting Fed Rate Hike In June
Reply   
July fed funds futures settle 1 BP higher Tuesday at 99.72, as investors see less and less chance for the Fed to hike at the late June FOMC meeting. Contract closes pricing in a 12% chance, down from 16% seen at Monday's close.

USA ZEUS 20:28 GMT January 12, 2010
usdjpy

That's what is so great about "trends". There is no such thing as a current trend, only trends looking back on the past. Even then, there is no such thing as "the" trend. Hence, give a chart to 5 trendline experts and ask them to draw trendlines. You will get 5 different results and yet none of it explains what is about to happen because the future is not serially dependent on the past.

lkwd jj 20:26 GMT January 12, 2010
usdjpy

2 yr yield chart shows potential for lower levels. one needs to look sometimes outside of the actual level of a mkt to know where its going, as there are exterior forces at work, not just the bid/ask.

lkwd jj 20:18 GMT January 12, 2010
usdjpy

uptrend from dec broken big time. mkt will need to reevaluate before attempting higher. onus on the bulls now as bears have control.

GVI Forex Jay 20:15 GMT January 12, 2010
usdjpy



As a followup to the chart posted earlier, usd/jpy tested key support at 90.75 (low 90.72) and then bounced. See chart

GVI Forex Blog 20:12 GMT January 12, 2010 Reply   
US equities fell for the first time this year amid an assortment of mildly bearish news.

Forex Research - Morning Report

Syd 20:02 GMT January 12, 2010
DJ AUD/USD Down After China Lifts Reserve Requirement
Reply   
AUD/USD under some pressure as commodities weaker. Pair last 0.9193 vs 0.9273 late yesterday; "Gold's off, oil is off. There has been some cross-selling overnight that is weighing on the Aussie dollar," says ANZ Bank's chief NZ dealer Murray Hindley. Says market reacting to news China raising reserve requirement but jury still out on whether news is positive or negative for risk. Tips resistance at 0.9230, support at 0.9170.

USA ZEUS 19:48 GMT January 12, 2010
USD/JPY

Looks like a crack higher is imminent

lkwd jj 18:30 GMT January 12, 2010
usdjpy
Reply   
short again from 90. what works , works.

USA ZEUS 18:28 GMT January 12, 2010
commodities

moscow mike 18:26 GMT January 12, 2010

Ahoy Mike! Indeed the patterns seems to indicate such. Call it a 95er engulfing pattern.

Cheers!

Hillegom Purk 18:28 GMT January 12, 2010
commodities

yes it is Vodkaman!!!!!!!!!!!!!!!!

lkwd jj 18:28 GMT January 12, 2010
healthcare
Reply   
obama & congress have agreed on one part of health care.legislation; every man woman and child will be entitled to an annual body scan at the airport.

USA ZEUS 18:27 GMT January 12, 2010
Market conditions

SA ZEUS 02:51 GMT January 12, 2010
Market conditions: Reply
USA ZEUS 21:16 GMT January 11, 2010
Market conditions:
Looks like 1.45 and 1.4477 are the make or bre3k lev3ls for EUR/USD. GBP/USD has already spoken.
____________________________________________________
BR3AK
Bounce is coming next.

Theme- Sell on rallies.
____________________________________________________

Theme- what works...works

moscow mike 18:26 GMT January 12, 2010
commodities

Zeus, could be a medium term turn-around day?

chennai neo 18:26 GMT January 12, 2010
Trade Ideas

Bro picked it up @ 8970 longs..i just saw ur call..where do u intend to take profit?? and do u think its gonna touch 8940.. awaiting ur reply..thanks a ton :)

USA ZEUS 18:24 GMT January 12, 2010
commodities

lkwd jj 18:20 GMT January 12, 2010

Zeus' USD power

Juffair KaL 18:23 GMT January 12, 2010
eurgbp shorts

nzdjpy
67.0737 66.7741 66.4765 66.1810
next day's low
so why not long..ha?

Amman wfakhoury 18:23 GMT January 12, 2010
gbpusd series
Reply   
we are in sell since 16185 according my previous call. tp 16100

lkwd jj 18:20 GMT January 12, 2010
commodities
Reply   
any reason grains,beans,cotton, gold taking it on the chin?

Juffair KaL 18:17 GMT January 12, 2010
eurgbp shorts
Reply   
this next day's highs
I just need a little spike for me to short

EURGBP 0.9000 0.9022 0.9044 0.9092
I do not know nowif any are higher then next day's Highs
or Visa versa
in this
http://sites.google.com/site/sp500free/
let me know if you spot any

USA ZEUS 18:09 GMT January 12, 2010
USD/JPY

When people look back at the USD/JPY rally that is developing, they will realize that AFTER the big drop, Zeus was buying then buying BIG at the bottom. Too many get caught up with the past and are blinded by the future. However, if they would only do different (opposite) than the 95ers then their results would not be "typical" either.

hk nt 18:08 GMT January 12, 2010
FED prepares second round of QE
Reply   
according to zerohedge, FED is preparing for second round of QE, so they may need to send the dollar to higher levels first in coming weeks.

San Diego bobl 18:02 GMT January 12, 2010
Trends
Reply   
JP.......

LOL.......you crack me up sometimes! I know exactly what you are referring to, and couldn't agree more. It's called "big government"! Lying government??? Wouldn't be the first time........" I didn't have sex with that woman" and no, we were never in Cambodia ......right. I know, b/c I was there.
I'm only referring to frivelous market nature taking place right now. Real stable trends let you sleep at night!

gl/gt

Hillegom Purk 18:00 GMT January 12, 2010
USD/JPY

Doomers and Gloomers are back lately.

Buying usd/jpy on dips, scale out, waiting for breaks, if not take some and take entries lower.

moscow mike 17:58 GMT January 12, 2010
USDJPY
Reply   
Buy USDJPY
Entry: 90.80 Target: 95+ Stop: 90.30

longing u/j here as planned before

makassar alimin 17:58 GMT January 12, 2010
usd/jpy

bobl, with you going short usdjpy longer term, is this more of usd's weakness or more about jpy story? do you see old correlation of jpy pairs with stocks to reestablish itself i.e. lower stocks?

Mtl JP 17:54 GMT January 12, 2010
Trends

bobl... the theme. the theme is there. It is one of mendacity. It is amazingly brazen because the supposed fearless leader of the supposed bedrock of stability and fountain of inspiration and infinite wisdom is lying himself. It is one in which private sector jobs are poof and gov't (or subsized) ones are on the rise. It is also one of bonds in a trend of delivering, for a long time to come, losses to so-called investors. Need I go on ?

Juffair KaL 17:52 GMT January 12, 2010
next day's levels
Reply   
http://sites.google.com/site/sp500free/

just order for next day's levels
2 3 4 5 sigma

does..1/sigma^2 of being wrong
so an average over many pairs
will diverisfy so well
you have nothing to loss
GL

San Diego bobl 17:51 GMT January 12, 2010
usd/jpy
Reply   
jj.......

USD/JPY has formed what I termed in a manual I wrote as a
"compound complex" pattern. That is where an intermediate trend, like usd/jpy going down, forms a FIB rally, then drops below the lows, only to rally above the previous rally. Then it embarks back into the intermediate trend, which structure and today's trade portrays. In this light, I expect to see lower trade in usd/jpy. But, as always, am open to any sea of change, and will flip intraday trades on a dime, but longer term I remain short.

gl/gt

Juffair KaL 17:48 GMT January 12, 2010
levels

no problem
using 2 3 4 & 5 sigma
on 30 periods sma using 15 mnutes data
but using 100 of of the last sma
to project 30% more into the future
Plus using High/ Close and Low/close
to estimate the the standatrd deviation
coupling all in the same time
i get thos next day's levels
using OLS...Linear regression estiamtion of polynimals using 2 degrees
gl

Wall Street 17:44 GMT January 12, 2010
Help
Reply   
Something out? stocks are falling.

lkwd jj 17:42 GMT January 12, 2010
USD/JPY

do i hear structural change?

USA ZEUS 17:40 GMT January 12, 2010
USD/JPY

The Zeus serial dependence non-linear auto-regreesive heteroskedasticly optimized quadratic polynomial stochastic calculus index will allow USD/JPY to rise.
Buy now and on any dip is the low risk trade.

GVI Forex john 17:39 GMT January 12, 2010
GVI Forex Trading Support

Countdown to Data @18:00 GMT

3 Yr NOTE AUCTION


Markets are highly sensitive to the results of periodic U.S. debt auctions. This is because of the sheer magnitude of the paper that is continuously being offered to the marketplace. Any stumble could reverberate through the marketplace

Lahore FM 17:38 GMT January 12, 2010
Trade Ideas

Buy eurgbp
Entry: 0.8973 Target: Stop: 0.8940

long now.

lkwd jj 17:27 GMT January 12, 2010
jpy
Reply   
will we get a risk aversion mentality if more earnings disappoint ala alcoa? stay tuned ......

Medan Ardent 17:26 GMT January 12, 2010
short cable
Reply   


Sell gbp
Entry: 1.6185 Target: Stop:

the channel

USA ZEUS 17:11 GMT January 12, 2010
levels

Juffair KaL 17:06 GMT January 12, 2010

Interesting levels. Would you mind explaining how to use the multiple levels? i.e. how to use levels for EUR/USD from 1.4197 to 1.4498??

Juffair KaL 17:06 GMT January 12, 2010
levels

http://sites.google.com/site/sp500free/

i say worry about next day's highs and low

if it's lower then next day's low then buy it
if higher then next day's high then sell it
MKT action now is for the future
check that link

lkwd jj 17:04 GMT January 12, 2010
usdjpy
Reply   
short again @99. will we break to new lows?

makassar alimin 17:03 GMT January 12, 2010
usdjpy
Reply   
now that 90.88 was seen, my stance is going long

makassar alimin 15:55 GMT January 11, 2010
usdjpy: Reply
i think it may correct to 90.88 just IMHO

sofia kaprikorn 17:02 GMT January 12, 2010
21-DMA pull

sofia kaprikorn 16:35 GMT January 12, 2010
21-DMA pull: Reply
long USD/YEN 90.99 / SL 90.57
----------------------------
added 1/2 at 91.01

GVI Forex Jay 17:00 GMT January 12, 2010
usdjpy



I posted this earlier today on GVI Forex (low so far 90.83). Chart updated just now.

GVI Forex Jay 14:21 GMT January 12, 2010
USD/JPY: Reply
USD/JPY is at a critical level (91.26). If firmly broken, then 90.76 (Dec 4 high) becomes the key...

USA ZEUS 16:59 GMT January 12, 2010
USD/JPY

My indicators suggest that we are at an optimal buy level. I could be wrong as am not right on every trade. Having said that, we are at a fractally accurate statistical extreme and due for a correction higher.

Juffair KaL 16:56 GMT January 12, 2010
usdjpy

better off longs for next days lows
90.8587 90.4622 90.0682 89.6766

nyc ws 16:55 GMT January 12, 2010
usdjpy

Part observing and selectively picking sell spots on minor pops.

San Diego bobl 16:53 GMT January 12, 2010
Trends
Reply   
ZEUS,

This market is very frustrating and fragile. As you note, there is no theme at the moment. However, this is the nature of markets and trading. A study of histories of commodities, financials, and futures of currencies illustrates the real nature of markets. US treasuries ran for almost 30 years, gold is cyclical, industrial metals run hard, and metals like Palladium can run several hundred percent in years. We all know stock market histories. So, bottom line imho, in trading you pick your spots. This market is a mess, commodity currencies going one way, financials and carry trades another.......it's the nature of the markets. In this environment, you hit and run, and playing baskets is suicide right now. We will develop a theme...........currencies, treasuries, precious metals, etc. have solid histories of coming out of dulldrums with very directional runs. Even last year, we had very directional runs that you could pile on, but currently we are at a juxtaposition and that's life. Personally, I play these kind of conditions light and fast. Some big money can hang through the swings. But, bottom line, although it seems a stretch now, we will develop a theme, and that's when the real money is made. These gunslinger shows are tough, but on both these forums you can see people doing well, as you have, by adopting to the conditions.

gl/gt

USA ZEUS 16:53 GMT January 12, 2010
usdjpy

nyc ws 16:52 GMT January 12, 2010

Are you shorting here or just chirping?

nyc ws 16:53 GMT January 12, 2010
usdjpy

Still seeing bottom picking at each pause and then.......

Juffair KaL 16:48 GMT January 12, 2010
levels

cable's next days highs
1.6200 1.6255 1.6311 1.6386
i say sell

Juffair KaL 16:46 GMT January 12, 2010
levels
Reply   
http://sites.google.com/site/sp500free/

Longing the USD more or less for next day

next day's eurusd Highs
odds it will south is good till next day
1.4498 1.4542 1.4585 1.4690

hk ooozmeeh 16:44 GMT January 12, 2010
GBPUSD
Reply   


GBPUSD Three Trading Ranges within a bigger sideway congestion This 8-month congestion since June 2009 is very much valid, as seen on this weekly chart,,1.6190 - 1.6200 is a level to watch. 20-EMA wkly chart 1-6225 critical.. fwiw

USA ZEUS 16:42 GMT January 12, 2010
USD/JPY

Final allocation long @ 90.85

sofia kaprikorn 16:35 GMT January 12, 2010
21-DMA pull
Reply   
long USD/YEN 90.99 / SL 90.57

lkwd jj 16:30 GMT January 12, 2010
the logic or psychology in a trend is that late comers wont wait for previous levels to join , for a fear of "missing the action". therefore they buy as prices reach near the last low but dont go there as the new buyers support the mkt. this pattern continues over time hence higher highs(sellers looking for mkt to break lower) and higher lows (new buyers). human nature will stay the same unless it has reason to change. change is the hardest to deal with emotionally. whether its jobs,place to live, human traits, etc... capturing the trend is using this logic and recognizing where the buyers will emerge and if they have stopped buying altogether.

sofia kaprikorn 16:23 GMT January 12, 2010
short term trade

sofia kaprikorn 11:15 GMT January 12, 2010

short term trade: Reply
sold EUR/USD 1.4534 with 1.4564 stop
------------------------------------
sold 1/2 more at 1.4502 // avg now 1.4512
..................................
out of 1/2 at 1.4474 -- leaving SL at AVG B/E /1.4512/
____________________________________________
remaining 1/2 pos. stopped at B/E 1.4512
profit +38 on 1/2 position from avg price

GVI Forex Blog 16:22 GMT January 12, 2010 Reply   
In currencies, choppy price action continued to dog the greenback during the New York session

Forex Blog - US Market Update (Trade the News)

lkwd jj 16:15 GMT January 12, 2010
usdjpy
Reply   
lkwd jj 15:33 GMT January 12, 2010
usdjpy: Reply
short at 16 mkt popped as i hit button.
-------------------------
trailing stop hit at 99 for +17.

USA ZEUS 16:13 GMT January 12, 2010
There is no way to determine the current trend, or even define what current trend might mean; we can only determine historical trends.
Trend does not exist in the now and the phrase, "the trend" has no inherent meaning. When we speak of trends, we are speaking, necessarily, from some or another view of history.

GVI Forex Blog 16:12 GMT January 12, 2010 Reply   
Jan 12 (global-view.com) UPCOMING DATA HIGHLIGHTS: No Major data are due from the Far East Wednesday. Major European data are: U.K. Industrial/Manufacturing output are always closely watched. In North America,

GVI Forex- Data Outlook for January 13, 2010

USA ZEUS 16:11 GMT January 12, 2010
There is no such thing as a current trend. All rear looking trends are your friend, unless it is about to end. There is nothing serially dependent between future prices and historical data.

USA ZEUS 16:08 GMT January 12, 2010
Risk in trading should always be understood and managed according to a trading system that has a positive expectancy over serially positive equity performance results. Understand the system from position size and risk management then the only thing that matters is strong entry and exit DISCIPLINE.

GVI Forex john 16:05 GMT January 12, 2010
GVI Forex Trading Support

Jan 12 (global-view.com) UPCOMING DATA HIGHLIGHTS: No Major data are due from the Far East Wednesday. Major European data are: U.K. Industrial/Manufacturing output are always closely watched. In North America, Key U.S. data are weekly mortgage statistics, weekly energy data and a 10-yr note auction.

 

 

WEDNESDAY

 

 

9:30

UK

Nov Ind Out mm

0.30%

0.00%

9:30

UK

Nov Ind Out yy

-6.10%

-8.40%

9:30

UK

Nov Mfg Out mm

0.30%

0.00%

9:30

UK

Nov Mfg Out yy

-5.10%

-7.80%

10:00

EZ

Oct Ind Prod mm

0.50%

-0.60%

10:00

EZ

Oct Ind Prod yy

-8.50%

-11.10%

12:00

US

WK Mtg Stats

n/a

n/a

15:30

US

DOE Crude Oil

+1.0M

+1.3M

15:30

US

DOE Gasoline

+0.9M

+3.7M

15:30

US

DOE Distillate

-1.7M

233k

15:30

US

DOE Cap Util

81.30%

79.90%

18:00

US

TRY 10-yr

n/a

n/a

22:50

JA

Nov Mach Ords

0.20%

-4.50%

22:50

JA

Dec CGPI mm

0.00%

0.10%

22:50

JA

Dec CGPI yy

-3.90%

-4.90%

 

 

THURSDAY

 

 

0:30

AU

Dec Employment

10000

30800

0:30

AU

Dec Unemploy

5.70%

5.70%

12:45

EZ

ECB Rates (1.00%)

unch

unch

13:30

EZ

ECB Trichet

n/a

n/a

13:30

US

Dec Imp Prices

-0.10%

1.70%

13:30

US

Dec Retail Sls

0.40%

1.30%

13:30

US

Dec R-S x-auto

0.30%

1.20%

13:30

US

Wk Initial Claims

435K

424K

13:30

US

WK Cont Claims

4.750M

4.802M

15:30

US

Nov Bus Inv

0.20%

0.20%

16:30

US

DOE Nat Gas bcf

424K

424K

18:00

US

TRY 30-yr

n/a

n/a

Amsterdam Purk 15:59 GMT January 12, 2010
USD/JPY

Me thinks that mr. Dick will buy between NOW and 90,80...

USA ZEUS 15:58 GMT January 12, 2010
The only way a "one way" view can be seen is with 20/20 hindsight. Trading "in the rears" will only accomplish "typical" results in trading i.e. the 95ers rule. Denial of such (just the same as structural changes) is lethal to one's equity.

Richmond Dennis 15:54 GMT January 12, 2010
Risk denial - in the form of one-way shorts or one-way longs - is the antithesis or risk aversion, and as is pointed out in this piece, ignorance of risk can be lethal to one's financial health.

PAR 15:53 GMT January 12, 2010
US Twin Deficits
Reply   
Higher than expected Us trade deficit hurting the Us dollar .

While Bernanke makes a lousy $ 52 billion profit on a over $ 2 trillion dollar gamble more than 7 million americans lose their job. What a success.

Job creation should become the new priority in USA and Europe instead of printing money to create " unaudited paper profits " .

USA ZEUS 15:52 GMT January 12, 2010
USD/JPY

Added some big sized longs @ 90.93

GVI Forex Blog 15:51 GMT January 12, 2010 Reply   
Price action on AUD/USD, a daily chart of which is shown, has made a swift rebound after breaking down below a long-term uptrend in late November. This rebound has brought the pair close to

Chart of the Day - 1/12/2010 – AUD/USD

Amman wfakhoury 15:50 GMT January 12, 2010
gbpusd series
Reply   
Amman wfakhoury 18:15 GMT January 11, 2010
gbpusd series: Reply
will touch again 16180 it is now 16120 buy here tp 16180
buy another around 16050 if decline exit both 16110.
sell around 16180 tp 16120 sell another if rise around 16250
exit both 16190.

=============
the first leg traded successfuly buy 16120 tp 16180.

London 15:49 GMT January 12, 2010
gbpusd
Reply   
Amman got his 1.6180 level

USA ZEUS 15:48 GMT January 12, 2010
USD/JPY

Added some longs @ 90.97

GVI Forex Blog 15:45 GMT January 12, 2010 Reply   
“Just as there has never been a bubble that hasn’t burst in the end, so there has never been an investment boom that hasn’t been followed by a bust..."

Complacency vs. Risk Aversion Probabilities Seemingly Rising

USA ZEUS 15:43 GMT January 12, 2010
usdjpy

lkwd jj 15:35 GMT January 12, 2010

No risk, no reward- USA ZEUS

London C 15:43 GMT January 12, 2010
usdjpy

thick gloves or a big stop!

lkwd jj 15:35 GMT January 12, 2010
usdjpy

need very thick gloves to catch "falling knives". shanghai bc

nyc ws 15:33 GMT January 12, 2010
usdjpy

Market seems to be trying to buy at every pause and then getting stopped.

lkwd jj 15:33 GMT January 12, 2010
usdjpy

short at 16 mkt popped as i hit button.

lkwd jj 15:31 GMT January 12, 2010
usdjpy
Reply   
short at 13 looking for 90.86(s3) 90.34 (s2)fell by wayside. too many negative carry trade articles on yen. mkt caught short yen second day running.

lkwd jj 15:22 GMT January 12, 2010
cable
Reply   
pivot is 16117 and held , next stop r1 16184 and maybe higher. gl gt.long from 52 with buy stops above todays highs. uk numbers this am good enough to hold support and turn higher.

Wall Street 15:16 GMT January 12, 2010
GVI Forex Trading Support

EURUSD still looking good. Well above all its relevant short-term moving averages many momentum players just leap on and then hold with a stop. The upside in EURUSD could use a psychological boost from the fundamentals. Sooner or later one will come along.

PAR 15:09 GMT January 12, 2010
LTCM revisited
Reply   
The Fed said much of its income, $46.1 billion, came from its open-market buying of U.S. Treasury debt, Fannie Mae (FNM.N) and Freddie Mac (FRE.N) debt, mortgage bonds and other securities. The bond buying program, which helped swell the Fed's balance sheet to over $2 trillion, was aimed at holding down interest rates to spark an economic recovery.

The Fed earned a net $5.5 billion from limited liability companies created in response to the financial crisis to make loans and take over assets from financial rescues of big institutions such as Bear Stearns and insurer AIG

Hong Kong JC 15:06 GMT January 12, 2010
PPT

PPT=invisible hand? How do you know PPT comes out so early today?

GVI Forex john 15:04 GMT January 12, 2010
GVI Forex Trading Support

Highlighting some of our content which some may have missed...
Several moving averages in play or about to be...

GVI Forex Chart Gallery. Printable FX Charts

Click for Complete Chart Points

1/11/2010

EURUSD

USDJPY

USDCHF

GBPUSD

USDCAD

Close

1.4526

92.06

1.0151

1.6108

1.0329

High

1.4557

92.66

1.0242

1.6193

1.0343

Low

1.4409

91.82

1.0133

1.6050

1.0254

Mov avgs

EURUSD

USDJPY

USDCHF

GBPUSD

USDCAD

5 day

1.4407

92.38

1.0267

1.6018

1.0337

10 day

1.4378

92.50

1.0305

1.6050

1.0404

20 day

1.4377

91.68

1.0358

1.6064

1.0485

50 day

1.4688

89.99

1.0224

1.6354

1.0534

100 day

1.4670

90.56

1.0281

1.6305

1.0622

200 day

1.4256

93.40

1.0623

1.6115

1.1019

Pivots

1.4497

92.18

1.0175

1.6117

1.0309

PAR 15:03 GMT January 12, 2010
PPT
Reply   
PPT early today , normally they act during the last hour of trading. What could be the reason for this early intervention ?

Hong Kong Qindex 14:56 GMT January 12, 2010
QIndex Trading System

Sell USD/CHF
Entry: Target: Stop:

USD/CHF : Heading Towards 1.0080



As shown in the monthly cycle charts the market is under pressure when it is below 1.0326. The critical range of the monthly cycle charts is positioning at 1.0266 - 1.0348. Sell on rallies is the preferred trading strategy. The market is now pulling towards the daily cycle pivot centers at 1.0057 - 1.0135 - 1.0147. The targeting point of the monthly cycle charts is the pivot center at 1.0080.



USD/CHF : Monthly Cycle Charts
http://www.qindex.com/chf.html

Amsterdam Purk 14:53 GMT January 12, 2010
USDJPY

Also known as the Vodkaman?

USA ZEUS 14:52 GMT January 12, 2010
usdjpy

Amman wfakhoury 14:50 GMT January 12, 2010

Blue ba**s? Mine are golden.

Amman wfakhoury 14:50 GMT January 12, 2010
usdjpy
Reply   
No buy usdjpy unless 1hr bar became blue after 10 pips tp 91.80

USA ZEUS 14:45 GMT January 12, 2010
USD/JPY
Reply   
Long USD/JPY @ 91.15

GVI Forex Jay 14:40 GMT January 12, 2010
USDJPY

Purk, check the archives,. Mike has been a member since 2003.

Amsterdam Purk 14:37 GMT January 12, 2010
USDJPY

Who is Moscow Mike?

moscow mike 14:35 GMT January 12, 2010
USDJPY
Reply   
USDJPY
Entry: Target: Stop:

Uptrend supporting zone comes at 90.60/91.00
Below 90.00 view is somewhat negative for another leg higher in nearest term.

GVI Forex john 14:35 GMT January 12, 2010 Reply   
Nuts and Bolts: Learning And Education Forum

OPEN INTEREST: is the number of open contracts for a particular market. Open interest used for most exchange...

THREAD: Forex Fundamentals for Technical Traders UPDATED

GVI Forex Furures 14:22 GMT January 12, 2010
GVI Forex Trading Support

We noted that total open interest in the EURO FX futures FELL by 9112 on Monday. Clearly shorts got stopped out. We wonder how much short covering also was masked by NEW Euro longs.

GVI Forex Blog 14:14 GMT January 12, 2010 Reply   
The Greenback continued to show signs of weakening yesterday as the DXY closed just above 77.

All Eyes on China

GVI Forex Blog 14:13 GMT January 12, 2010 Reply   
The Loonie flirted with Dollar parity back in late October of 2009.

A Race Towards Parity

nyc ws 14:09 GMT January 12, 2010
bunker
Reply   
Market is trading with a bunker mentality today

GENEVA JFO 14:03 GMT January 12, 2010
BUY ON DIPS RECOMMENDED
Reply   
Buy eurusd
Entry: 1.4445 Target: 1.4570 Stop:

Long from 1.4301

Will buy at 1.4445 for upside later in the week.

GVI Forex Blog 14:00 GMT January 12, 2010 Reply   

Stocks Weaken on Alcoa Report; China Monetary Policy

GVI Forex Blog 13:59 GMT January 12, 2010 Reply   

EUR USD Rises as China Moves to Raise Bank Reserve Requirements

Haifa ac 13:53 GMT January 12, 2010
Currency Rally

Thank you Bilderberg Group Bob. May the force be with you
I used to love Bob the Builder .

GVI Forex john 13:41 GMT January 12, 2010
GVI Forex Trading Support



November U.S. Trade Gap -$36.40B; Consensus -$34.7B

Richmond Dennis 13:30 GMT January 12, 2010
Currency Rally

Got to love your "Amero" pushers!

Bilderberg Bob 13:22 GMT January 12, 2010
Currency Rally

Haifa ac 06:51 GMT January 12, 2010
Currency Rally:
USD will rally.//

You KNOW,
or you WISH?
//////////////////////////////////

We (The Bilderberg Group) decide where to price currencies. USD will show some strength in early 2010. This all comes about before we move towards the Amero to pay our high debt. Unfortunately, there is a cost. It won't be paid by we, the super rich. The common folks will have their wealth destroyed.

GVI Forex john 13:00 GMT January 12, 2010
GVI Forex Trading Support

Countdown to Data - U.S. and Canada

Merchandise Trade


Broad Definition: Merchandise trade is trade in goods only, not services, and excludes capital transfers and foreign investments. Exports are total exports; they include both domestically-produced goods and re-exports, which constitute imports of goods which are warehoused here, then re-exported. Imports are general imports, which measure total arrivals of goods. The. Balance of trade is defined as total exports minus general imports.

IMPACT: Trade figures used to be viewed as the most important statistic for the forex market. It goes to proper valuation of the exchange rate, but can also reflect relative demand for goods. A trade deficit is a net deduction from GDP, while a surplus is an addition.

Juffair KaL 12:29 GMT January 12, 2010
AUS/USD

i think from .9200 or some below
could head to .95 easily

Juffair KaL 12:29 GMT January 12, 2010
AUS/USD

i think from .9200 or some below
could head to .95 easily

Beijing 12:20 GMT January 12, 2010
PBOC raises res req

See this:

FACTBOX-Chinese interest rate changes since 2004

London XI 12:18 GMT January 12, 2010
PBOC raises res req

Aud got hit and yen firmed following PBOC move. From what I read PBOC is expected to go slow tightening monetary policy but this is the direction it is going.

GVI Forex Blog 12:06 GMT January 12, 2010 Reply   

FX Thoughts for the day : 12-Jan-2010 - 1205 GMT

PAR 11:58 GMT January 12, 2010
Geo Political Risks
Reply   
The BBC's Jon Leyne says Iran's opposition members will fear the attack could be used against them

Iranian state media have accused Israel and the US of being involved in a bomb attack which killed an Iranian physicist in Tehran.

State broadcaster Irib quoted Iran's foreign ministry spokesman as saying there were signs of Israeli and US involvement "in the terrorist act".

Masoud Ali Mohammadi - described as a "devoted revolutionary professor" - was killed by a remotely-controlled bomb.

Israel and the US have so far made no comments about Tuesday's blast.

London Chris 11:36 GMT January 12, 2010
AUS/USD

RF can you elaborate what you mean by pivot point reversal?

HK [email protected] 11:34 GMT January 12, 2010
AUS/USD
Reply   
Worth watching for a pivot-point-reversal, but too early to conclude by this time.

hk LL 11:33 GMT January 12, 2010
PBOC raises res req

Is that why aud got hit?

Juffair KaL 11:27 GMT January 12, 2010
eur
Reply   
i think the last high for the eurusd
is the high for week
1.4250 area expected before rallie into 1.48

NYC 11:23 GMT January 12, 2010
PBOC raises res req

Jan. 12 (Bloomberg) -- The People’s Bank of China raised reserve requirments for the nation’s lenders by 50 basis points effective Jan. 18, according to a statement posted today to the Web site of China’s central bank.

sofia kaprikorn 11:15 GMT January 12, 2010
short term trade

sofia kaprikorn 00:15 GMT January 12, 2010
sofia kaprikorn 17:38 GMT January 11, 2010
short term trade: Reply
sold EUR/USD 1.4534 with 1.4564 stop
------------------------------------
sold 1/2 more at 1.4502 // avg now 1.4512
..................................
out of 1/2 at 1.4474 -- leaving SL at AVG B/E /1.4512/

LDN LDN 11:09 GMT January 12, 2010
PBOC raises res req
Reply   
PBOC raises reserve requirements by 50bp

GVI Forex Blog 10:57 GMT January 12, 2010 Reply   
Currencies: The USD see-sawed throughout the European morning as it seemed to continue operating on different agendas in different money centers.

European Market Update: UK trade balance improves in Nov (Trade the News)_

GVI Forex john 10:54 GMT January 12, 2010
GVI Forex Trading Support


The Daily Forex View

USD bears Look for Reinforcing News 

11:00 GMT- Jan 12 (global-view.com) There is not much new to go on early Tuesday, so the technicals are in control. We notice also on our overlay charts that the S&P futures vs. EURUSD correlation is working

MORE...

Bedford VT 10:53 GMT January 12, 2010
Gold and Oil

Juffair KaL............................

Are you Bilal Kal that used to post?

Regrettably, I'm with London HC in that I have no idea what you're on about.

Perhaps you could elaborate?

PAR 10:51 GMT January 12, 2010
Jobs
Reply   
NEW YORK — Fresh off major acquisitions of rivals, drugmakers Pfizer Inc. and Merck&Co. are each planning to eliminate hundreds of jobs.

According to reports, Pfizer will eliminate nearly 1,200 jobs, including 680 in Pennsylvania, 400 in New Jersey, and 116 in Rockland County, N.Y. Meanwhile Merck will cut 500 jobs in New Jersey.

Pfizer, which is based in New York, bought vaccine maker Wyeth for $68 billion in October, while Merck paid $41.1 billion for Schering-Plough Corp. in November. Both are planning to eliminate thousands more jobs.

Gen dk 10:39 GMT January 12, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

London HC 10:35 GMT January 12, 2010
Gold and Oil

Kal. I doubt I am alone in saying I have absolutely no idea what your numbers mean. In the oil and gold updates, the numbers do not relate to current prices. I might be missing something but really have no clue.

Juffair KaL 10:19 GMT January 12, 2010
Gold and Oil

gold=gld

a buy
Next day
122.4392 109.8101
123.9372 108.4743
125.2532 107.3257
126.0074 106.6776
==================
uso as well
mirror of oil
now 40.45
Next day
44.9116 39.6567
45.5391 39.1023
46.0913 38.6255
46.4082 38.3566

London Chris 10:12 GMT January 12, 2010
usdjpy
Reply   
usdjpy is testing its 20 day moving average

Juffair KaL 10:06 GMT January 12, 2010
24hrs worst high and low
Reply   
next days worst lows and highs
Might be the best thing to...is to estimate next day's lows and highs
from 3.5 sigma
to 6
I am longing
audnzd longs
1.2882 1.2486
1.2928 1.2441
1.2968 1.2402
1.2991 1.2380

Syd 09:36 GMT January 12, 2010
China Plans "World's Highest" Airport In Tibet
Reply   
BEIJING (AFP)--China plans to build what it says will be the world's highest airport in its Himalayan region of Tibet, at an elevation of nearly 4,500 meters, state media said Tuesday.Construction of the airport is projected to start next year at a cost of CNY1.8 billion (about $260 million), the Xinhua news agency said, quoting a local planning official.

GVI Forex Blog 09:31 GMT January 12, 2010 Reply   
Traders of USD await the publication of the Core Retail Sales report.

Forexpros Daily Analysis - 12/01/2010

London SFH 09:26 GMT January 12, 2010
Gold and Oil
Reply   

For oil, after hitting $83.95 a barrel yesterday (highest since Oct 9 2008),profit taking set in on reports that the US cold snap was about to ease, trades at $81.90. A brief breach of strong support at 81.80 had longs chewing their finger-nails.

* For gold, remains well bid...still has players reluctant to short following early 2010 surge, trades at $1152.40 . Still feels like latest low just below 1141.5 to rally towards 1168.50 (Dec 8 high). Initial support at 1140.20 (Jan 6 prior high), initial resistance at 1161.50 (Jan 10/11 high).

GVI Forex Blog 09:25 GMT January 12, 2010 Reply   
The dollar edged up on Tuesday, clinging to gains made after an official from a Chinese sovereign wealth fund said he did not think the U.S. currency would depreciate more.

FOREX NEWS - Dollar holds gains after China SWF comments

Syd 09:06 GMT January 12, 2010
fx
Reply   
Citifxtechs have put out EUR/USD buy recommendation. Initial target 1.4800, stop 1.4370.
BIS and major German name seen seen buyers Euro/USD
US must cut spending to save AAA rating, warns Fitch
Fitch Ratings has issued the starkest warning to date that the US will lose its AAA credit rating unless acts to bring the budget deficit under control, citing a spiral in debt service costs and dependence on foreign lenders.
http://www.telegraph.co.uk/finance/economics/6969163/US-must-cut-spending-to-save-AAA-rating-warns-Fitch.html

PAR 08:58 GMT January 12, 2010
Jobs
Reply   
Printing money has not , will not and can not create Jobs.

Giving $ trillions to banks, insurance companies which only use this money to speculate in the markets and create asset bubbles is not going to create jobs.

If governments had spent those $ trillions on direct job creation by creating new government companies in green energy ,national security , body scanners, green cars, city renovation etc. , the economic outlook would now be much better. These companies can than be privatised by IPO once the economic situation improves , creating a lot of wealth for everybody.


The argument that the economic situation would today be much worse if the government had not bailed out those bad banks and insurance companies is just not true. Doing nothing was not the solution, there were plenty of alternatives to tackle the crisis but Bernanke and Trichet as historians failed to connect the dots and looked in the wrong direction. Hence all the misery for Joe Sixpack and Monsieur Dupont.

Leave interest rates to the market and create direct jobs by establishing real companies instead of paying bonusses and giving speeches

Milano kp 08:35 GMT January 12, 2010
UK/JB
Reply   
Great call yesterday JB re the dollar to improve nice sell off in the Euro i made some nice points but your post gave me the confidence to sell some euro

sofia kaprikorn 08:04 GMT January 12, 2010
euro

these breaks usually don't happen in a straight line.
eur/usd seems to have a pull towards the 21-DMA at 1.4407 it the pivot at 1.4498 gives way..
...
gbp/usd has an interesting 21/200 DMA crossover which makes 1.6108/1.6086 a tough cluster of resistance.. the pound closed around the 200-dma yesterday after he spike to the 1.62 highs..

U.K J.B 07:46 GMT January 12, 2010
euro
Reply   
I think after that little shake out in early trading to 1.4450 area we will see a slightly higher euro today towards 1.4585 area before another sell off. GT

Syd 07:26 GMT January 12, 2010
CNBC Exclusive: Bullard on US Interest Rates
Reply   
The greenback extended declines partly because of comments from St Louis Federal Reserve Bank president, James Bullard, that interest rates may remain low for quite some time. In an exclusive interview with Cheng Lei, Bullard says that maintaining low interest rates is all data dependant.
http://www.cnbc.com/id/15840232?video=
1383035492&play=1

Syd 07:13 GMT January 12, 2010
Kuwait oil minister: Expects no change in OPEC oil supply at March meeting
Reply   
Oil price “fantastic” (I’m so very happy for all the oil producers, really)

EUR/USD hovers around 1.4500, coming off lows on dip-buying by short-term players; could trend toward 1.4600 later in week, says Takashi Matsui, senior dealer at Royal Bank of Scotland. Notes EUR/USD well supported due to growing view any Fed rate hike is further off than expected amid disappointment following weaker-than-expected U.S. non-farm payrolls Friday. While players expect ECB to keep its policy rate at all-time low of 1.0% at policy meeting Thursday, any more upbeat tone in statement on economy could further buoy EUR, dealers say.

Haifa ac 06:51 GMT January 12, 2010
Currency Rally

USD will rally.//

You KNOW,
or you WISH?

GVI Forex Blog 05:32 GMT January 12, 2010 Reply   
Fed tensions evident JPY off on JAL jitters Mixed U.K. data Chinese official moves markets, then recants

Forex Market Commentary and Analysis (12 January 2010)

Syd 04:48 GMT January 12, 2010
PIMCO Says BOJ Should Buy Unlimited JGBs Outright
Reply   
BOJ should take more aggressive monetary policy to tackle deflation, including outright purchases of "unlimited amounts" of JGBs to bring down long-term interest rates, says Pacific Investment Management Co. in research note; Notes BOJ may also have to promise it won't exit from quantitative easing policy, won't raise rates--such as by adopting price level target--until inflation rate is "meaningfully positive." Adds central bank may also need to work with Japan MOF to sell unlimited amounts of JPY against other developed countries' currencies. Policy-sensitive short-zone JGB yields remain at low levels recently; 2-year cash JGB yield flat at 0.165%, 5-year yield down 1.5 bps at 0.500%.

Juffair KaL 04:20 GMT January 12, 2010
today

will do some other later

EURAUD_h Sell 1.5636 1.5716 1.5795
GBPCAD_h Sell 1.6645 1.6827 1.7011
EURAUD_h Sell 1.5636 1.5716 1.5795
USDMXN_h Sell 12.6786 12.7906 12.9030
USDHKD_h Sell 7.7564 7.7576 7.7589
EURCHF_h Sell 1.4799 1.4838 1.4877
USDCAD_h Sell 1.0374 1.0456 1.0539
EURCAD_h Sell 1.5008 1.5125 1.5244
EURCHF_h Sell 1.4799 1.4838 1.4877
USDCAD_h Sell 1.0374 1.0456 1.0539
EURCAD_h Sell 1.5008 1.5125 1.5244
EURNOK_h Sell 8.1772 8.2070 8.2368


AUDNZD_h Buy 1.2575 1.2522 1.2469
AUDJPY_h Buy 85.0561 84.3550 83.6614
CADJPY_h Buy 88.8160 87.9189 87.0334
AUDJPY_h Buy 85.0561 84.3550 83.6614
CADJPY_h Buy 88.8160 87.9189 87.0334
EURSEK_h Buy 10.1854 10.1474 10.1097
AUDCHF_h Buy 0.9395 0.9337 0.9280


gl
KaL

Juffair KaL 04:11 GMT January 12, 2010
today
Reply   
EURAUD_h Sell
GBPCAD_h Sell
EURAUD_h Sell
USDMXN_h Sell
USDHKD_h Sell
AUDNZD_h Buy

looking to add more of these today
still short cable and eurusd fro the day before

Bilderberg Bob 04:06 GMT January 12, 2010
Currency Rally
Reply   
USD will rally.

Hong Kong 03:47 GMT January 12, 2010
GBP/USD Daily Outlook by AceTrader
Reply   
INTRA-DAY GBP/USD:+1.6085+

Last Update At 12 Jan 2010 02:56 GMT


Cable's intra-day weakness after penetrating
y'day's NY low at 1.6093 signals the erratic rise
fm 1.5896 (Thur) has ended at 1.6194 n consolida-
tion with downside bias remains for a strg retrace.
of this move, yield further weakness to 1.6035.


Lower short entry for this move n exit on next
fall as 1.6000/10 shud hold fm here.


Range Forecast
+1.6065 / 1.6095+

Resistance/Support
R: 1.6118/1.6179/1.6194
S: 1.6035/1.6000/1.5957

GVI Forex Blog 03:35 GMT January 12, 2010 Reply   

Morning Briefing : 12-Jan-2010 - 0333 GMT

Syd 03:32 GMT January 12, 2010
NZD/USD Dips On CIC Official's Comments;0.73 Floor
Reply   
NZD/USD dips on comments from official at China's CIC reported by Reuters that USD has hit bottom while JPY will continue to decline, says Stonebridge Group forex dealer Ricardo Garrido. NZD/USD moved down (along with AUD, EUR, gold) to around 0.7380 after Peng Junming, official at China Investment Corp, country's US$300 billion sovereign wealth fund, said in his personal view USD would start to rise when both China, U.S., lift interest rates in second half of 2010. Garrido still reckons NZD in 0.7300-0.7410 range, though "medium-term, the Kiwi can still break a short-term high, close to the 0.7500 level."

Hong Kong Qindex 02:54 GMT January 12, 2010
QIndex Trading System

Buy Gold
Entry: Target: Stop:

Gold : The market is stable as long as it is above the daily cycle matrix system at 1128.4 - 1130.1 - 1149.5. The weekly cycle matrix system at 1104.7 - 1109.8 - 1127.7 would serve as a short term supporting range. Speculative buying interest will increase when the market is able to trade above 1188.5



Gold : Monthly Cycle Charts
http://www.qindex.com/gc.html


====================================

1/11/2010 01:20:06 Qindex Hong Kong 5

Buy Gold
Entry: Target: Stop:
Gold : Critical Level 1152.6


Buy on dips is the preferred trading strategy when the market is able to trade above 1052.6. Speculative buying interest will increase when the market is above the monthly cycle pivot center at 1165.6. As shown in the monthly cycle charts (at the bottom of the page), 1152.6 is the last member of the series in the monthly cycle reference normal lower limits.



Gold : Monthly Cycle Charts
http://www.qindex.com/gc.html

USA ZEUS 02:51 GMT January 12, 2010
Market conditions

USA ZEUS 21:16 GMT January 11, 2010
Market conditions:
Looks like 1.45 and 1.4477 are the make or bre3k lev3ls for EUR/USD. GBP/USD has already spoken.
____________________________________________________
BR3AK
Bounce is coming next.

Theme- Sell on rallies.

Syd 02:38 GMT January 12, 2010
Chinese Sovereign Fund Official says dollar has hit “rock bottom” but Yen has still room to fall
Reply   
He adds that both the US and China are likely to raise rates in the second half of 2010

London hmk 02:38 GMT January 12, 2010 Reply   
Nuts and Bolts: Open Forum

wondering why no one care to comment , is it because of 1.6280 post proved not successful, or friday promise that...

THREAD: GBP series UPDATED

Syd 01:43 GMT January 12, 2010
AUD
Reply   
AUD/USD could consolidate further in Asia trade on weak housing finance numbers, but risk of another leg lower can't be ruled out, say Westpac strategists. "Today could see a bit of consolidation for the currency, with selling resistance still reasonable around the 0.9320/30 level. We still like the currency higher but we may see a bit more of correction in the near term before we take out resistance around the 0.9320/30 level."

SYDNEY (Dow Jones)--Australian housing finance contracted for a second successive month in November as the sector felt the sting of higher interest rates and the steady withdrawal of government grants for new home buyers in the final months of 2009.

Economists said the weakness is pay back for a sustained period of strength in lending earlier in the year. Some levelling out in lending is likely for housing early in 2010 as the impact of a rate hike in December, and another expected in February damps activity. But a solid construction pipeline still points to a strong upswing overall for the sector through the year.

Andrew Hanlan, senior economist at Westpac, said the Reserve Bank of Australia won't be overly worried about the soft patch in finance. "The RBA would have certainly seen this coming," he said.

As the economy returns to full speed in 2010 the RBA is on track to raise interest rates further in February, he added. Strong population growth, still historically low interest rates, pent-up demand and the return of property investors will underpin demand, Hanlan said.

HK [email protected] 01:36 GMT January 12, 2010
Buy Australian Dollar or the BIG MOMO will eat you.
Reply   
That style of eat the banana, or a monster will come and get you at night, is maybe applicable for toddlers.
It is better to buy or sell when no one or few recommend it.
GL/GT

Syd 01:17 GMT January 12, 2010
Large USD/JPY Option-Related Offers At 92.50
Reply   
Large USD/JPY option with 92.50 strike expiring today NY cut may cap USD/JPY below 92.50 in Asian trading, says Singapore-based dealer. USD/JPY last at 92.16 vs 92.30 high today.

Syd 00:47 GMT January 12, 2010
Australia Nov Housing Finance
Reply   
Australia Nov Housing Finance -5.6% Vs Oct; Forecast -2.3%
Australia Nov Value Of Investment Housing Finance +2.1% Vs Oct
Australian November housing finance falls 5.6%, vs expected 2.3% fall. Result sees AUD/USD dip slightly and government bond futures prices firm. Result likely reflects effect of rising interest rates through 4Q09, steady removal of government stimulus to housing sector.

lkwd jj 00:37 GMT January 12, 2010
Trade Ideas

fm any target on that 10152 usdchf long? jumped in bit late but was waiting for mkt to move above recent highs(60).

sofia kaprikorn 00:15 GMT January 12, 2010
short term trade

sofia kaprikorn 17:38 GMT January 11, 2010
short term trade: Reply
sold EUR/USD 1.4534 with 1.4564 stop
------------------------------------
sold 1/2 more at 1.4502 // avg now 1.4512

 




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Forex Forum

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

Forex News

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

Currency Trading

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

Forex Brokers

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

Forex Trading

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

FX Trading

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

Forex Blog

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

 

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