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Forex Forum Archive for 02/10/2010

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Click here to join the Live Forex Forum.


GVI Forex Blog 23:21 GMT February 10, 2010 Reply   

Stock Indices Falter on Sovereign Risk Worries

GVI Forex Blog 23:19 GMT February 10, 2010 Reply   

Euro Finishes Lower as EU Delays Greece Aid Package

GVI Forex Blog 23:08 GMT February 10, 2010 Reply   
Canada's currency bounced higher against the U.S. dollar on Wednesday as investors took on more risk-sensitive securities with the hope that Greece will see some form of help for its debt problems.

Forex Market News - CANADA FX DEBT-C$ gains on risk rebound; EU summit eyed

GVI Forex Blog 22:41 GMT February 10, 2010 Reply   

Bernanke Comments Rattle Treasury Bonds

GVI Forex Blog 22:40 GMT February 10, 2010 Reply   

Euro Remains under Pressure on Uncertainty over Greece Rescue Plan

Belgrade AS 22:31 GMT February 10, 2010
what's iran doing tomorow?
Reply   
hi guys.what's the deal with Iran and their "punch throwing" tomorow?

GVI Forex Blog 21:48 GMT February 10, 2010 Reply   
The euro fell against the dollar on Wednesday, weighed down by uncertainty a day before a European Union summit about a possible bailout of debt-strapped Greece.

FOREX NEWS-Euro falls on Greece concern; Bernanke lifts dollar

Mtl JP 20:48 GMT February 10, 2010
for the record:

Risk of double-dip recession low, Geithner says
Sunday, in an interview on ABC News' "This Week", Geithner said the U.S. economy expanded at nearly a 6 percent annual rate in the fourth quarter of 2009 and said the economy was definitely "healing" after the financial crisis that drove it into recession in late 2007.

GVI Forex Blog 20:44 GMT February 10, 2010 Reply   
Germany warming to Greece? Bernanke: Fed to move discount rate eventually King: Inflation to rise, then moderate Iran news overnight?

Forex Market Commentary and Analysis (10 February 2010)

sofia kaprikorn 20:18 GMT February 10, 2010
4-hour range

sofia kaprikorn 16:22 GMT February 10, 2010
...............
avg 1.0671 - stop moved to 1.0655 hourly low
--------------------------
hm strangely I forgot to remove the stop so just came back and saw I own a short USD/CAD from 1.0655..
think it bounced off daily pivot and now below S1 it has some potential to run down a 3-rd tomorrow.
taking 1/2 here at 1.0622 and leaving the rest with stop at B/E (1.0655).

Chicago SC 20:08 GMT February 10, 2010
EURUSD

Hearing N.Y. traders have bailed out. Pulling all my orders but would look to trade an extreme price level if we see one. No idea what the impact of the storm will have on NY tomorrow? Any help?

empoli (Italy) ab 19:38 GMT February 10, 2010
GREECE: SOLVED (MAYBE) BUT.....

Thanks to u CT for having spent some time to read it

Gold Coast ct 19:30 GMT February 10, 2010
GREECE: SOLVED (MAYBE) BUT.....

ab .... Thank you for your post and perspective.

Jeddah Abb 19:30 GMT February 10, 2010
eur/cad
Reply   
possibel to see 1.4475 in this drop ??

tokyo rana 19:29 GMT February 10, 2010
GREECE: SOLVED (MAYBE) BUT.....

today wensday was danger for us but we are ithink safe not much up side extend...
now feel easy ok ithink...
Regards

GVI Forex john 19:29 GMT February 10, 2010
GVI Forex Trading Support


The Daily Forex View

Greek Worries Linger

21:00 GMT- Feb 10 (global-view.com)  We appear to have been a bit too early in calling an end to the impact of the Greek debt crisis on the markets. the session on Wednesday saw a number of headlines hit the wires...

MORE...

Belgrade AS 19:26 GMT February 10, 2010
GREECE: SOLVED (MAYBE) BUT.....

you see ab...election polls are done by sunday papers in U.K....so,every friday sell a lot of gbp and you can't lose.
the fear itself (of how these polls are gonna come out) will be enough for gbp to take a nose-dive every friday!
anyway,that's what i'll be doing every friday untill elections.

tokyo rana 19:26 GMT February 10, 2010
GREECE: SOLVED (MAYBE) BUT.....

tomorrow possible our day yen day...
be hopeful...
thanx for message...


EUR/JPY's recovery extended further to as high as 124.25 so far. Further rise cannot be ruled out but after all, we'd expected upside to be limited by 124.73 support turned resistance and bring fall resumption. Below 121.62 will suggest that recent fall is resuming for 100% projection projection of 134.36 to 124.73 from 126.96 at 117.33 next.

In the bigger picture, medium term rebound from 112.10, which is treated as a correction to long term down trend from 2008 high of 169.96, should have completed at 139.21 already, after multiple failure to sustain above 55 weeks EMA. Current decline is tentatively treated as resumption of the down trend and should target a new low below 112.10. On the upside, break of 126.88 support turned resistance is needed to be the first signal of bottoming. Otherwise, medium term outlook will remain bearish.

GVI Forex Blog 19:24 GMT February 10, 2010 Reply   
US equities fluctuated overnight, supported by expectations of a Greek bailout, but weighed by the hawkish elements of Fed chairman Bernanke's speech (published, but not spoken due to snow disruptions). He said

Forex Research - Morning Report

empoli (Italy) ab 19:18 GMT February 10, 2010
GREECE: SOLVED (MAYBE) BUT.....

Rana, yes i m still short eur yen (i saw u are still short gbp yen)

Belgrade AS 18:51 GMT February 10, 2010
thanks very very interesting article ur suggestion (think it wud great also fr our common friend Rana for its short gbpjpy position i have to say)
from that one seems that next currency to capitulate cud be the pound effectively and if next week end uk polls will be agst gov suppose to see some gap downs at the opening for gbp

tokyo rana 18:55 GMT February 10, 2010
GREECE: SOLVED (MAYBE) BUT.....

hello,
you still hold your position?
eur seems bulish..
i still hold..
regards

Belgrade AS 18:51 GMT February 10, 2010
GREECE: SOLVED (MAYBE) BUT.....

eb,the trick with euro P,I,I,G,S is that monetary tightning cyclus will kick in by the time first country is able to react .so unlike U.S,U.K. and Japan, no "piggy" can count on any of those unorthodox instruments (QE,free money,wild money printing..etc).that means they have to put their act together and reduce public spending first and then reduce public debt(which they will not do,instead they will rise taxes and practically kill their own economies)
so by next summer,risk aversion that we have now will become full-scale risk hysteria.
since history always repeats itself , i suggest you to read this article on events in 67,76 and 92 in U.K. and how they effected global equities(it's by Bank of NY analyst)

https://gm.bankofny.com/Research/MorningUpdate/Article.aspx?Type=0&ContentManagerID=24143

cheers

Lahore FM 18:46 GMT February 10, 2010
GBP/AUD

long gbpaud it is mike.i just added a few mins ago just below 1.7800.

empoli (Italy) ab 18:46 GMT February 10, 2010
GREECE: SOLVED (MAYBE) BUT.....

Thanks to u FM, wud appreciate also ur comment if uf want
thnks again for compliment, it was just some thoughts of mine
cheers

Lahore FM 18:46 GMT February 10, 2010
USD-CAD

must add this short view is negated if 1.0690 seen.

Mirdiff Mike 18:45 GMT February 10, 2010
GBP/AUD
Reply   
FM whats your take on GBP/AUD

Lahore FM 18:44 GMT February 10, 2010
USD-CAD

i have a short term short usdcad signal since it dropped below 1.0660,it can have possible targets around 1.0520 from where a new upleg and buying opportunity can arise.

Praga B.G.S. 18:37 GMT February 10, 2010
USD-CAD
Reply   

Entry: 1.0630 Target: Stop:

Someone traded USD-CAD
Sell or Buy ?
Thanks

Lahore FM 18:36 GMT February 10, 2010
GREECE: SOLVED (MAYBE) BUT.....

beautiful post ab!
thanx for the elaborate and perspective!

Gen dk 18:27 GMT February 10, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

empoli (Italy) ab 18:22 GMT February 10, 2010
GREECE: SOLVED (MAYBE) BUT.....
Reply   
Hi good evening to everybody, i wud like to express my opinion (just an opinion which cud be criticised) about a (possible) solution of Greece' saga.
I think that at end Euro zone (and with it also Euro) will be a little bit poorer than earlier as there are too many clouds hanging now our continent.
I m writing from Italy, i live and work in central Italy (Tuscany) in a region famous world wide for leather tanneries; after having worked for more than 20 years as responsible of the dealing room of my bank i chose last year to change my work.
So i started from the beginning again after many years in a branch of ours (my bank is a small savings bank) in this economic zone between Pisa and Florence.
For this reason i can fell better the market and the economy and it seems to me that, a part what our government is saying that the green light for a new departure of our economy, the real situation is far to be in a very clear better shape respect to one year ago.
I notice that payment from debitors to creditors are always often moved in time, i mean if earlier payment had been done in 2 or at max 3 months now we have at least minimum 3 months to 4/5 in the majority of cases.
Obviously there are firms which are not involving too much in this crises but the majority is facing more pressures to stay alive.
In Greece everybody saw what happened, now seems we are very close to a solution which (if the rescue particulars will be judged in good way from the market....) cud give some relief to our currency.
But i have two doubts in my mind (and hope somebody will try to convince myself to think the contrary) that cud give at the end some negative impulse to the Euro.
First of all i asked myself if this kind of rescue will not be a Damocle' sword on the full Eurozone (what can Greek government warrant to Germany, if the help will come from there, if the situation will deteriorate further and they cannot respect the promises made to EU group? maybe they will sell really part of their gorgeus monumemt?) as i expect now, contrary to my last year end idea that ECB had to started from march to june to apply the exit strategies and had to started to raise rates in second half of 2010, they have to stay all 2010 without any upward move in rates just to avoid to make problems to repay higher interests in the Greece's loans.
Then ok admit that all will be in order abnd Greece will be rescued, and immediately after that somebody cud start to focus on Portugal and Spanish situation?? and dont forget my country as well....
I remember when i was young .... i lived all ERM speculation attacks.... first at Lira, then the Pound.... well now we are living another economic situation but after the meltdown happened in the US at the end of 2008 and in the first part of 2009, dont know if speculation will start to attack again (Portugal Spain Italy and why not Ireland) autorities will be able to avoid another big fall to Euro (pls remember that we passed from 1,51 to 1,36 in just one month all basicly for greek situtation...).
For this reason im very skeptical about a quick return to normality with Euro recovering too much against Dollar, in the US a part Bernanke it seems to me that Fed governors seems unconfortable to mantain for too long low rates for an extended period of time and i expect Fed to move before ECB
and when they will start will move decisevely upwards i think.
So pls make your comments, i think area 1,30/1,35 will be visited earlier than revisit again 1,45/1,50 and moves towards 1,40/1,42cud be a very good selling zone for Euro (just in case we will see them..)
Thank you for attention and sorry if i have been too long and bored you
cheers

Gen dk 18:15 GMT February 10, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Belgrade AS 18:04 GMT February 10, 2010
Bounce playing stage 2

it's tweet photo
http://tweetphoto.com/10957698
my mistake.i sent you the link to the magnified version.sorry.
this one should work.

London ex 18:02 GMT February 10, 2010
$/yen

Happy to take profits her in $/yen at 90.01

London NYAM 17:55 GMT February 10, 2010
Bounce playing stage 2

Hi AS,

What file type is that. Couldn't open it.
Yes I noted your post regarding the switch to risk and immanent reversion to risk again. Couldn't agree more. Timing will be tough could go further than expected and even into next week. Doubt i will hold over weekend though.

GL and Ill try not to be too greedy :)

Belgrade AS 17:49 GMT February 10, 2010
Bounce playing stage 2

NYAM, i think you have official confirmation for your bounce.
http://cdn.cloudfiles.mosso.com/c54092/x2_a73382
good luck...and don't be too greedy,lol

Hong Kong Qindex 17:46 GMT February 10, 2010
QIndex Trading System

Buy EUR/GBP
Entry: Target: Stop:

EUR/GBP : As shown in the monthly cycle charts the odds are in favor of maintaining a long position when the market is able to trade above 0.8771.



EUR/GBP : Monthly Cycle Charts
http://www.qindex.com/eur-gbp.html

London NYAM 17:40 GMT February 10, 2010
Bounce playing stage 2
Reply   
Just got a truckload of citi shares at 3.17 looking for a hefty bounce on misplaced optimism.

Chicago SC 17:39 GMT February 10, 2010
eurusd trade

AS- agree. Risk on / risk off pattern is likely to persist. I still think the markets are reluctant to hold onto USD. Big price swings these days but you have to fade the extremes.

Belgrade AS 17:32 GMT February 10, 2010
eurusd trade

today is risk's day off...tomorow it will be back in play and eurusd will be above 1.38...even lame gbp will reach 1,57...then heavy risk aversion on friday....
so predictable-once you filter out all the noise
decided to hedge my long-term short in gbpusd with an equal size opposite trade from 1,56(will take it out somwhere between Amman's 1,5670 and 1,5700 tomorow)
on friday,i'll go heavily against gbp again(election polls are on sundays)

Lahore FM 17:32 GMT February 10, 2010
Trade Ideas

some usd selling picture resolving on charts.1.5650 break on gbpusd can start the next round imho!

tokyo rana 17:07 GMT February 10, 2010
inverted H&S

im right...what do you mean?
ithink u better judge...
if idonot have buy than iwill buy some 139 138...
regards

Miami JN 17:06 GMT February 10, 2010
eurusd trade

Profit booked at 1.3730 as target hit. +50 Thank you stocks for cooperating.

Hong Kong Qindex 17:00 GMT February 10, 2010
QIndex Trading System

Sell GBP/AUD
Entry: Target: Stop:

GBP/AUD : The market is under pressure when it is trading below the daily cycle matrix system at 1.7963 - 1.7970 - 1.8000 (the matrix system is a set of significant levels derived from the mathematical model).

warsaw TOMi 16:59 GMT February 10, 2010
inverted H&S

in fact I should be selling right now together with usdjpy.
neg diva and double top. might do that right now, u right rana:)
gl/gt

GVI Forex john 16:56 GMT February 10, 2010
GVI Forex Trading Support

Data Call @ 18:00 GMT

Note/bond auction results.


Key measure of confidence in U.S. government finances. Psychologically important for all markets.

warsaw TOMi 16:55 GMT February 10, 2010
inverted H&S

rana, I already forget this trade as it is booked in with a very nice profit and move on for other opportunities, as day for me reaches the end I let it run freely ftm
have a nice one.

Jeddah Abb 16:54 GMT February 10, 2010
eur/usd
Reply   
sell eur/usd near 1.3755 if possibel

GVI Forex Blog 16:53 GMT February 10, 2010 Reply   
Headline roulette continues to provide the catalyst for currency price movements. The greenback recovered from European lows aided by conflicting comments about the EU summit meeting on Greece.

Forex Blog - US Market Update (Trade the News)

Chicago SC 16:48 GMT February 10, 2010
EURUSD
Reply   
Buy EURUSD
Entry: 1.3690 Target: 1.3800 Stop: 1.3645

Now we are out of whack. I was waiting for this. Hope I haven't missed my chance to get filled. Trading with wider stops and consequently larger profit targets. At some point we will get a resolution to the Greek issue, but we won't know until after the fact.

tokyo rana 16:47 GMT February 10, 2010
inverted H&S

still hold you position?your waiting for 143?

Hong Kong Qindex 16:43 GMT February 10, 2010
QIndex Trading System

Sell GBP/USD
Entry: Target: Stop:

GBP/USD : The market is under pressure when it is trading below the daily cycle matrix system at 1.5641 - 1.5675 - 1.5772.



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

warsaw TOMi 16:37 GMT February 10, 2010
inverted H&S

taking 1/2 off long gbpjpy at 14040 for 80+
stop up to 13939

Medan Ardent 16:34 GMT February 10, 2010
eurusd trade

Miami, JN.
May I know what reason u long at 1.3680 with tight stops only 10 pips?

BTW, Nice call .

GL n GT
cheers

sofia kaprikorn 16:22 GMT February 10, 2010
4-hour range

sofia kaprikorn 13:47 GMT February 10, 2010
avg 1.0671 - stop moved to 1.0655 hourly low
_____________________________________
out at 1.0701 for +30

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

EUR/GBP
Entry: Target: Stop:

EUR/GBP : Speculative buying interest will increase when the market is able to trade above 0.8817 which is a significant level in my weekly chart. The next upside targeting range is 0.8840 - 0.8928.

Hong Kong Qindex 16:03 GMT February 10, 2010
QIndex Trading System

Buy EUR/GBP
Entry: Target: Stop:

EUR/GBP : the odds are in favor of maintaining a long position when the market is trading above the supporting range at 0.8735 - 0.8742.

Belgrade AS 16:00 GMT February 10, 2010
Greece

10 Feb 16:55:33 Greece's central government deficit narrowed 39% to 818 million euros in January from 1.3 billion euros a year earlier.
----------------------------------
ok.all those before were rumors(germany this/germany that...greek bail-out is NOT on agenda before tomorow!!!!.
this IS news guys!

Quezon evan 15:55 GMT February 10, 2010
gbpusd 15670

How about this target?

Amman wfakhoury 15:53 GMT February 3, 2010
GBPUSD in big move: Reply
in all cases price will touch again around 15980.

Miami JN 15:47 GMT February 10, 2010
eurusd trade

Taking 1/2 profit at 1.3698 and leaving balance on with same stop for a free trade. Check in later.

London NYAM 15:43 GMT February 10, 2010
st bottom pick

LC. Should get another dip then up. (hoping to add a little)
Back over 1070 and its up up and away.
GL

GVI Forex Blog 15:42 GMT February 10, 2010 Reply   
Feb 10 (global-view.com) UPCOMING DATA HIGHLIGHTS: Far East markets on Thursday will see the key Australian employment data. In Europe, Swiss CPI data are due. In North America, many of the U.S. data releases have been postponed due to weather. See our calendar for the latest schedule. A 30-yr auction is probable.

GVI Forex- Data Outlook for February 11, 2010

singapore td 15:41 GMT February 10, 2010
sell euro

on the way for new low...

singapore td 11:15 GMT February 9, 2010
sell euro: Reply
failure to clear 1.3740 for the moment looks like sending euro to new low later in the week IMHO

GVI Forex john 15:39 GMT February 10, 2010
GVI Forex Trading Support

Feb 10 (global-view.com) UPCOMING DATA HIGHLIGHTS: Far East markets on Thursday will see the key Australian employment data. In Europe, Swiss CPI data are due. In North America, many of the U.S. data releases have been postponed due to weather. See our calendar for the latest schedule. A 30-yr auction is probable.

 

 

THURSDAY

 

 

0:30

AU

Jan Employment k

15

35.2

0:30

AU

Jan Rate

5.60%

5.50%

8:15

CH

Dec CPI mm

-0.50%

-0.20%

8:15

CH

Dec CPI yy

0.60%

0.30%

13:30

US

Wk Initial Claims k

465

480

13:30

US

WK Cont Claims mn

4.59

4.602

15:00

US

Nov Bus Inv

0.20%

0.40%

18:00

US

TRY 30-yr

n/a

n/a

 

 

FRIDAY

 

 

10:00

EZ

4Qp GDP qq

0.40%

0.40%

10:00

EZ

4Qp GDP yy

-1.80%

-4.00%

10:00

EZ

Dec Ind Prod mm

0.50%

1.00%

10:00

EZ

Dec Ind Prod yy

-8.50%

-7.10%

13:30

US

Jan Retail Sls

0.40%

-0.30%

13:30

US

Jan R/S x-auto

0.50%

-0.20%

14:55

US

Febp U Mich Sent

75

74.4

16:00

US

EIA Crude mn

1.2

2.3

16:00

US

EIA Gasoline mn

0.3

-1.3

16:00

US

EIA Distillate mn

1.7

-1

16:00

US

EIA Cap Util

77.90%

77.70%

15:30

US

DOE Nat Gas bcf

-175

-115

Miami JN 15:32 GMT February 10, 2010
eurusd trade


Entry: should reaqd stop corrected Target: Stop: 1.3670

stop is 1.3670

Miami JN 15:30 GMT February 10, 2010
eurusd trade


Entry: target corrected Target: 1.3730 Stop:

target should read 1.3730

San Diego LC 15:30 GMT February 10, 2010
st bottom pick

with you on the XAU, NYAM. Just added a bit and looking to see how price behaves if/when we get up over 1085 to decide if I will TP or let it ride...

Miami JN 15:29 GMT February 10, 2010
eurusd trade
Reply   
Buy eurusd
Entry: 1.3680 Target: 1.3730 Stop: 1.670

Buying with stop below day low. bet is on stocks not following through.

London NYAM 15:26 GMT February 10, 2010
st bottom pick
Reply   
Think this is going to buy buying op for next leg up in correction against the recent risk/fears.
Long S&P 1061 waiting 1053 targeting 1109 stop 1035
Long XAUUSD 1064 target target 1089 stop 1049
Waiting long EURUSD 1.3650

PAR 15:25 GMT February 10, 2010
Bernanke
Reply   
"Sorcerer' s apprentice" Bernanke losing control.
If you can not convince them, confuse them, seems to be Bernanke s new strategy .

http://www.youtube.com/watch?v=XChxLGnIwCU

Chicago SC 15:25 GMT February 10, 2010
gbpjpy

Anybody know what triggered this? I certainly did not expect it, but have been on the sidelines as the price action has been ridiculous.

Gen dk 15:24 GMT February 10, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

tokyo rana 15:23 GMT February 10, 2010
inverted H&S

exampal is nzdjpy and audjpy these two currencies suffering against yen...nzd$ and aud$ was doing very well against yen...gbp is very weak already for long time...

Hong Kong JC 15:23 GMT February 10, 2010
gbpusd 15670

1.5570 or 1.5670?

Mtl JP 15:16 GMT February 10, 2010
usdjpy

market reacts usd-supportively to Bens speech release

lkwd jj 15:13 GMT February 10, 2010
usdjpy
Reply   
why was there a rally in this pair last hour?

Miami JN 15:12 GMT February 10, 2010
Bernanke

As that sounds dovish so why is the market reacting?

Belgrade AS 15:11 GMT February 10, 2010
Bernanke

funny..my news stream is already firing his statements.
-----------------------------------------
10 Feb 16:06:28 BERNANKE: States a shift in the discount rate should not translate into a change in the policy outlook.
10 Feb 16:05:53 BERNANKE: Continues to see slack in the economy, and expects inflation to remain subdued.
10 Feb 16:04:31 BERNANKE: Fed will need to tighten policy 'in due course,' but reiterates low rates will be warranted for an 'extended period.'

Gen dk 15:04 GMT February 10, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

tokyo rana 14:56 GMT February 10, 2010
inverted H&S

idonot like much minus....
idonot want lose much money ithink some day will come 153 so than iwill sale...
no harm in keeping right now......
or iwill buy when ever 129 level some gbp so ican finish with avg some where...
im just waiting for buying timing...

Washington DC 14:54 GMT February 10, 2010
Bernanke
Reply   
Bernanke prepared testimony is due next even though testimony has been cancelled due to snow.

tokyo rana 14:51 GMT February 10, 2010
inverted H&S

thanx sahiwal...
im not technical forex person...
im possibly very wrong in my positions...
but iknow this pair very well.this pair very easy to break 2 to 5yen up and down...2008 20yen down in oneday...
now markeet situation almost same not body sure nothing is clear...
but im sure upside will be limited...down no limit...
but remember you cannot handle this pair gbpjpy technicaly very doji....

warsaw TOMi 14:48 GMT February 10, 2010
inverted H&S

u right, was selling this morning off the double top, target reached, so I buy now, may liquidate earlier, depends how price behaves.
btw, u may hold any yen positions, as itis your local currency, I cudnt handle such a long position in loss. and what wud be the reason for that?
gl/gt

hk ooozmeeh 14:47 GMT February 10, 2010
EURUSD
Reply   


EURUSD sets of bear flag patterns..
4th "active" bear flag pattern from 1.5141 on the 4hr chart, fwiw

SAHIWAL 14:45 GMT February 10, 2010
inverted H&S

Rana JAPAN! you are saying right. Bearish trend could b seen everywhere.

tokyo rana 14:44 GMT February 10, 2010
inverted H&S

oh yeah i bought in august 2009 gbpjpy 158.405 which i still hold...thats why idonot like to buy...
regards

Amman wfakhoury 14:37 GMT February 10, 2010
gbpusd 15670
Reply   
gbpusd will touch again 15670

tokyo rana 14:37 GMT February 10, 2010
inverted H&S

maybe your shot is very good...
but i really donot like buy gbpjpy very scarey for me buying...

warsaw TOMi 14:34 GMT February 10, 2010
inverted H&S

yes, quite a lot of traffic down, started to worry if we can absorb. done with buying, might get caught, will see. thx rana.

GVI Forex Blog 14:30 GMT February 10, 2010 Reply   
Five reasons favoring a double-dip...deleveraging, deflation, collateral, China, and protectionism

Why double-dip recession prospects seem to be rising: Danger!

GVI Forex john 14:26 GMT February 10, 2010
GVI Forex Trading Support

Data Call @15:00 GMT

Text of Bernanke Testimony will be released. Live testimony has been postponed.

tokyo rana 14:24 GMT February 10, 2010
inverted H&S

my advise usa session buy is not good idea.....
if start doing down maybe u cannot handle it..

GVI Forex Blog 14:19 GMT February 10, 2010 Reply   

Stocks, Commodities Trade Flat Overnight as Traders Await EU Pact

lkwd jj 14:14 GMT February 10, 2010
fx
Reply   
been away for a few days as i dealt with a slow computer and some family matters.all thats behind us now. good to be back. hate this headline trading stuff.

tokyo rana 14:11 GMT February 10, 2010
inverted H&S

iwill short all pairs,
even lose money...
like usdjpy audjpy eurjpy gbpjpy only short sale...
next month think about buy....
my sence saying big drop come if im buy.
regards

NY chris 14:07 GMT February 10, 2010
EURJPY
Reply   
Buy
Entry: 123.00 Target: 127.05 Stop: 120.65

Longer term postion

tokyo rana 14:05 GMT February 10, 2010
inverted H&S

good luck...
idonot want buy gbpjpy...
iwill wait for more down 129 to 135...

warsaw TOMi 14:00 GMT February 10, 2010
inverted H&S
Reply   
Buy gbpjpy
Entry: 13959 Target: 14353 Stop: 13919


rana, watch this..

Gen dk 13:53 GMT February 10, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

sofia kaprikorn 13:47 GMT February 10, 2010
4-hour range

avg 1.0671 - stop moved to 1.0655 hourly low so that I don't want to lose too much in this market after burned with BOE reversal today..

Gen dk 13:45 GMT February 10, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

sofia kaprikorn 13:45 GMT February 10, 2010
4-hour range

sofia kaprikorn 13:26 GMT February 10, 2010
long USD/CAD 1.0666 / sl 1.0626
----------
added 1/2 at 1.0676

GVI Forex john 13:40 GMT February 10, 2010
GVI Forex Trading Support



U.S. trade deficit larger than expected -$40.08b

Belgrade AS 13:40 GMT February 10, 2010
Greece

while eur and gbp are holding a peacefull 0.88-0.86 range,it's infact risk players who are overreacting on every stupid rumor.
i bet the record high bets on eur weakness are nothing more then those same guys' hedge...get it? to preserve record high last year winnings,their hedge gotta be no smaller then record high.right?
honestly,i cann't wait for elections in U.K...hihi
cheers!

tokyo rana 13:36 GMT February 10, 2010
gbpjpy

Sell gbpjpy
Entry: 139.388 Target: 129 Stop: non

thanx for message,

jpy on the board again so good,
im very close to my avg 139.388 but target is very far away,



GVI Forex Jay 13:34 GMT February 10, 2010 Reply   
Nuts and Bolts: Help/open Forum

K, the term is JUBBS - check the archives for Nigel Jubbs

THREAD: Gecko, Raven, JOM, JJM, Pipraider... days term UPDATED

PAR 13:34 GMT February 10, 2010
Twin Deficits
Reply   
US Trade Deficit (Dec) widens to $ 40.2 billion .

London Chris 13:33 GMT February 10, 2010
gbpjpy

SC, that may be an understatement

Advice for the day. Be careful about headlines. These are not normal markets.

GENEVA JFO 13:32 GMT February 10, 2010
gbpjpy

Yes!
Scalping is the rule at mom....

Chicago SC 13:29 GMT February 10, 2010
gbpjpy

Agree Greece is not resolved yet but it is starting to fade as a market factor.

Advice for the day. Be careful about headlines. These are not normal markets.

sofia kaprikorn 13:26 GMT February 10, 2010
4-hour range
Reply   
long USD/CAD 1.0666 / sl 1.1.0626

Gen dk 13:23 GMT February 10, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

tokyo rana 13:14 GMT February 10, 2010
gbpjpy

thank you very for kind reply,
what are you trading today?
any tip for me?or others?
any nice idea?
ihope your doing well better than me,
ihope ihave good day today Regards

SAHIWAL 13:14 GMT February 10, 2010
gbpjpy

GREEK PROBLEM IS NOT SOLVED YET--NEEDS TO BE MORE PATIENT AND PSYCHOLOGICAL MIND FIT.

hk ooozmeeh 13:14 GMT February 10, 2010
*DJ German Official: No One Has Suggested Restructuring Of Greek Debt
Reply   
Wed Feb 10 08:09:22 2010
EST
*DJ German Official: No One Has Suggested Restructuring Of Greek Debt

Chicago SC 13:10 GMT February 10, 2010
gbpjpy

rana- i don't think its resolved yet, but the process is moving forward. I don't think it will be a market factor much longer unless something goes wrong with discussions.

tokyo rana 13:07 GMT February 10, 2010
gbpjpy
Reply   
Sell gbpjpy
Entry: 139.388 Target: 129 Stop: non stop hold

hello to everyone from tokyo japan again,

so greek problem solved?

sold gbpjpy 139.388 target 129yen stop never stop just hold keep...

any view welcome...
best regards

hk ooozmeeh 13:06 GMT February 10, 2010
DJ MARKET TALK: EUR/USD Drops Sharply On Greece Bailout Denials
Reply   
DJ MARKET TALK: EUR/USD Drops Sharply On Greece Bailout Denials
1305 GMT [Dow Jones] EUR/USD drops sharply after wire headlines that suggest
Germany is not putting together a bailout plan for Greece. A German official
says Greece is responsible to deal with its debt. EUR/USD prints a session low
of 1.3737 from around 1.3770. (GST)

London 13:03 GMT February 10, 2010
Greece
Reply   
German government official yakking about no bailout plan

hk ooozmeeh 13:03 GMT February 10, 2010
*DJ German Govt Offical: Greece Is Responsible To Deal With Debt Woes
Reply   
*DJ German Govt Offical: Greece Is Responsible To Deal With Debt Woes
*DJ German Govt Offcial: Bailout Ban Exists, Berlin To Stick To It
*DJ German Official: No German Govt Doubt That Greece Can Serve Debt
*DJ German Official: No EU, Bilateral Aid For Greece On EU Agenda

Mtl JP 13:02 GMT February 10, 2010
Traders splash £5 billion betting against the euro as the single currency falters amid debt crisis

Syd 12:33 IF all other countries public finances do the same thing (notice the together, more and co-ordinated spouts coming out of CBs, fin mins, and assorted bank economist advisors?) . How exactly does it matter for "Worries ....spreading" when there is nowhere to run and the rising sea lifts all boats at same time together ? Does one stand like a deer in headlights or... what: join the party instead ?

tia for view

moscow mike 13:01 GMT February 10, 2010
GOLD

Last week Gold was very volatile. All mentioned levels were overshoot intraday, however on the daily/weekly basis proved their reliability, so we still believe in current structural view, which also mainly based on daily/weekly closing levels.

We believe in higher Gold in the longrun, and prefer buying for position trades. Current support as was mentioned earlier are 1055/60 & 1025/30. Intraday support at 1074. Resistances – 1100/05, critical 1127/30.

Time frame for observation – daily/weekly.

hk ooozmeeh 13:00 GMT February 10, 2010
DJ German Ifo: Euro-Zone Economic Climate Up; Greek Mood Tumbles
Reply   
DJ German Ifo: Euro-Zone Economic Climate Up; Greek Mood Tumbles

GVI Forex john 12:56 GMT February 10, 2010
GVI Forex Trading Support

Data Call @ 13:30 GMT

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.

hk ooozmeeh 12:55 GMT February 10, 2010
*DJ German Official: No EU, Bilateral Aid For Greece On EU Agenda
Reply   

*DJ German Official: No EU, Bilateral Aid For Greece On EU Agenda

*DJ German Govt Offcial: Not Aware Any Concrete Aid For Greece Eyed
*DJ German Govt Offcial: Not Aware Any Concrete Aid For Greece Eyed

Wall Street 12:51 GMT February 10, 2010
EURUSD
Reply   
Neutrality in the EURUSD today for our system is 1.3781 at the moment with fluctuation bands around neutrality running at about 25 pips.

GVI Forex futures 12:48 GMT February 10, 2010
GVI Forex Trading Support

Total open Interest in EURO FX futures was 188,214 contracts as of the close Tuesday, +5159. A bit hard to figure this out, but I wonder if the markets were selling into EURUSD rally yesterday? If so that is a bit surprising at this late date in the move.

Syd 12:33 GMT February 10, 2010
Traders splash £5 billion betting against the euro as the single currency falters amid debt crisis
Reply   
Traders and hedge funds are making record bets against the euro, underlining the mounting alarm over the region’s debt crisis.

Market players have bet almost £5billion that the value of the currency will fall against the U.S. dollar, the largest ‘short position’ since it was launched.

European governments have been drawing up plans for a possible bail-out of Greece, amid fears it could be spiralling towards debt default.

Worries about the health of public finances are also spreading to other countries.
http://www.dailymail.co.uk/news/article-1249530/Traders-make-record-5bn-bets-euro-single-currency-falters-amid-debt-crisis.html#ixzz0f8TzGYdk

GVI Forex Blog 12:19 GMT February 10, 2010 Reply   

FX Thoughts for the day : 10-Feb-2010 - 1217 GMT

GVI Forex john 12:17 GMT February 10, 2010
Trading Ideas
Reply   
Be sure to post your best Trading idea on the forum every day. We are pleased that more ideas are appearing and that our community of posters has been expanding as well. We have heard that one of the secrets of success of a very large and very well-known investment bank in NYC is that they always ask their customers in their calls what their best trading idea is. The forex forum is an ideal venue for all of us to do the same thing.

In an ideal world everyone would post one best idea a day. As a reader be careful in situations where everyone has the same idea because that trade might be too crowded.

Use the posting template for your best idea so it stands out. A complete idea has an entry level, target, stop and of course a currency pair.

Click on Your Best trades above the forum to see a summary of the most recent trading ideas.


ha noi 11:55 GMT February 10, 2010
strategy for tonight

sell eg 0.883 good

GVI Forex john 11:50 GMT February 10, 2010
GVI Forex Trading Support
Reply   
Data Call @ 12:00 GMT

Weekly Mortgage Statistics


Weekly Mortgage Statistics are released by the Mortgage Bankers Association (MBA). Total mortgage applications are the headline figure. They are then broken down into (1) new mortgage applications and (2) refinance applications. Both items by themselves are more revealing than the total number. The latest 30-year mortgage interest rate is released as well.

IMPACT: These data provide an early read on the state of the housing market.

GVI Forex Blog 11:44 GMT February 10, 2010 Reply   
The euro edged higher on Wednesday, holding gains made the previous day as the market braced for a European Union summit while traders sought clarity on whether Greece may get help in tackling its fiscal problems.

FOREX NEWS-Euro edges up in volatile trade before EU summit

tokyo rana 11:31 GMT February 10, 2010
cable

but not much lowering even bad news and yesterday up with out any reason crazy...
yesterday news was no ground...
todays uk indication was so important..

London UK 11:23 GMT February 10, 2010
cable
Reply   
Comments from BOE King and Bank of England report have seen gbp take a hit, both against the usd and euro.

King Says ‘Far Too Soon’ to Say BOE Bond Purchases Are Over

Belgrade AS 11:17 GMT February 10, 2010
strategy for tonight

Sell eurgbp
Entry: 0.8800 Target: 0.8650 Stop: 0.8875

Belgrade AS 20:52 GMT February 9, 2010
strategy for tonight: Reply
Sell eurgbp
Entry: 0.8800 Target: 0.8650 Stop: 0.8875
-----------------------------------------
triggered! finally! let's see how 0.8830 holds today

GVI Forex Blog 11:16 GMT February 10, 2010 Reply   
Currencies: Market participants awaited further news and clarity on a potential Greece bailout package. The European peripherals improved for a second session ahead of Thursday's meeting in Brussels to see if Greece assistance would be provided in having the government tackle its budget deficit.

European Market Update: German lawmakers asked to consider Greek aid beyond loan guarantees

GVI Forex john 11:02 GMT February 10, 2010
GVI Forex Trading Support
Reply   
Weather issues in Washington D.C. have caused delays in many data releases. We are trying to keep up with the rescheduling.

GVI Forex Blog 11:00 GMT February 10, 2010 Reply   
11:00 GMT- Feb 10 (global-view.com) While nothing appears to be definite yet, the Greek debt crisis appears to be heading in the direction of some sort of resolution. We focused in on the term "firewalling"...

Daily GVI Forex Forex View- Greek Worries Abating

GVI Forex john 10:57 GMT February 10, 2010
GVI Forex Trading Support
Reply   


The Daily Forex View

Greek Worries Abating

11:00 GMT- Feb 10 (global-view.com) While nothing appears to be definite yet, the Greek debt crisis appears to be heading in the direction of some sort of resolution. We focused in on the term "firewalling"...

MORE...

London ex 10:56 GMT February 10, 2010
$/yen
Reply   
Buy $/yen
Entry: 89.50 Target: 90.45 Stop: 89.10

may adjust my stop later.

sofia kaprikorn 10:48 GMT February 10, 2010
Hourly H&S

took my stop - jsut as I have a good position the BOE king has to come out - right...

jerusalem kb 10:13 GMT February 10, 2010
Trade Ideas

as usual good call fm for gbpchf and i belive gbpaud will follow .
any update for usdcad/are u still long

London ADK 10:11 GMT February 10, 2010
EU
Reply   
*GERMANY SAID TO CONSIDER GREEK AID BEYOND LOAN GUARANTEES

London Misha 10:05 GMT February 10, 2010
Observations
Reply   
EURUSD - Achieved Dec-Jan Bear Flag target.
USDJPY - Possibel Bow Tie formation on the MA's. Almost a Key Reversal Up on the Daily Chart!
GBPUSD - Not quite a Bull Engulfing Pattern on the Daily Chart.
USDCHF - Long Black Marubozo on the Daily Chart!
EURGBP - Possible Shooting Star on the Daily Chart! Nearing Long MA resistance!
EURJPY - Long White Marubozo on the Daily Chart.
USDCAD - Nearing Long MA resistance! Key Reversal Down on the Daily Chart!
AUDUSD - Bearish Bow Tie formation on the MA's. Testing Long MA support! Key Reversal Up on the Daily Chart.
NZDUSD - First close over the Long MA. Key Reversal Up on the Daily Chart.

GVI Forex Blog 09:58 GMT February 10, 2010 Reply   
The traders of the US look forward to the publication of the Initial Jobless Claims tomorrow, January 11

Forexpros Daily Analysis - 10/02/2010

BA mades 09:40 GMT February 10, 2010
Greece

You would have to block their airports ..

sofia kaprikorn 09:27 GMT February 10, 2010
Hourly H&S
Reply   
short EUR/GBP 0.8767 / SL 0.8797

sofia kaprikorn 09:25 GMT February 10, 2010
Greece

hah - and you actually have no idea what damage these farmers do to neighboring Bulgaria as they stopped the traffic and the tourists coming in the best part of the winter season... wonder how will they feel if we block their border in the summer and they see tourists a year later.....................

PAR 09:10 GMT February 10, 2010
Greece
Reply   
While whole of Europ is working Greek citizens are on strike.
Not the correct signal. Greek should focus on tourism .

tokyo rana 08:48 GMT February 10, 2010
thanx for message..
idonot understand what you mean?
can u explain in easy english?
Regards

jkt-aye 08:43 GMT February 10, 2010
Revdax...thx, btw did you prepare the menu for the upcoming tiger ? could it be short usd ? :) gtgl

Rana...once it touch 141 i will move stop to b/e or be ready to liking wound at 140. gtgl

hk ooozmeeh 08:29 GMT February 10, 2010
DJ MARKET TALK: Euro Bulls Face Disappointment - Standard Bank
Reply   
0826 GMT [Dow Jones] The euro has recovered on speculation of some sort of
Greek rescue package, but Standard Bank's Steve Barrow says ultimately euro
bulls will be disappointed. Says if Greece is aided in some way, the no-bailout
rules will surely be compromised no matter how politicians and ECB officials
try to spin it and this will undermine the euro. Alternatively, if Greece is
left to fend for itself and fails, then the euro will surely slump. Barrow says
irrespective of how this crisis is resolved, he's looking for EUR/USD down at
1.30. EUR/USD now trades at 1.3760.

hk ooozmeeh 08:27 GMT February 10, 2010
=DJ Forex Focus: Greek Bailout May Not Save Euro Now
Reply   
LONDON (Dow Jones)--Sell into the euro's bounce.

That appears to be the wisest course of action open to investors as they
await the outcome of the European Union Council meeting in Brussels on
Thursday.

The summit is widely being billed as the point at which European leaders will
finally buckle under and come up with a bailout package to help Greece.
However, this rise in the euro has more to do with extreme short positioning
in the currency as much as anything else. This has made the euro that much more
sensitive to positive news as speculators rush to cover shorts on any hint of a
reversal.
Any bailout also will cast great doubt on the credibility of the euro zone
setup, given that Germany and France insisted repeatedly that Greece has to
resolve its own problems.

Another negative for the euro is a likely delay in any policy tightening by
the European Central Bank. Despite the ECB's hawkish credentials, the whole
Greek episode will ensure the central bank turns more pragmatic and even risk a
rise in inflation rather than putting more policy pressure on the euro zone.

As a result, the chances of the euro making a sustained break to the upside
appear as slim as ever, and a single currency down at $1.30 appears much more
likely than any rebound back up to $1.40.

tokyo rana 08:07 GMT February 10, 2010
hope it works

thanx for message....
idonot like to buy....
ijust like sale...

HK REVDAX 07:55 GMT February 10, 2010 Reply   
Nuts and Bolts: Help/open Forum

aye//Tks. Just press left mouse key and drag the chart out to the right hand side. The effect is instant.

THREAD: Meta 4 Trader UPDATED

PAR 07:55 GMT February 10, 2010
Greece - Goldman Sachs - AIG
Reply   
AIG revisited ?
Could aid to Greece flow to Goldman ?

http://www.businessinsider.com/goldman-helped-greece-disguise-deficit-2010-2

Goldman Sachs Helped Greece Hide Its Treaty-Violating Deficit

http://www.spiegel.de/international/europe/0,1518,676634,00.html

Goldman Sachs helped the Greek government to mask the true extent of its deficit with the help of a derivatives deal that legally circumvented the EU Maastricht deficit rules. At some point the so-called cross currency swaps will mature, and swell the country's already bloated deficit.

Tokyo JT 07:55 GMT February 10, 2010
Treasuries

Reminds me to "HASHIMOTO SHOCK" in Columbia University June 23 1997

On June 23, 1997 former Japanese Prime Minister, Ryutaro Hashimoto, sent a chill through the global financial markets after he wondered aloud' what would happen to the U.S. economy if Japan began to sell some of its $300 billion in U.S. Treasury Securities and began buying gold. Following Hashimoto's remarks the Dow Jones Industrial Average plunged by 192 points - the largest single day point loss for the Dow since the Crash of 1987.


jkt-aye 07:50 GMT February 10, 2010
hope it works
Reply   
Buy gbpjpy
Entry: 140.70 Target: 141.60/142.80 Stop: 140.00

gtgl

tokyo rana 06:47 GMT February 10, 2010
QIndex Trading System

hello,how are you?
what do you think about cable?
Regards

Hong Kong 06:38 GMT February 10, 2010
EUR/USD Daily Market Outlook by AceTrader
Reply   
INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD
EUR/USD: 1.3762

Late Update At 10 Feb 2010 06:23 GMT

As 1.3734 has contained the pullback fm y'day's
high of 1.3840, current rebound suggests consolida-
tion with upside bias wud be seen n gain to 1.3790/
95 is likely, however, breach of 1.3808 needed to
erratic upmove fm 1.3585 has resumed, 1.3840.


Buy on dips with stop as indicated, break wud
risk 1.3710/12 but 1.3692 sup shud hold...


Range Forecast
1.3750 / 1.3780


Resistance/Support
R: 1.3808/1.3840/1.3852
S: 1.3734/1.3718/1.3692

http://www.acetraderfx.com

Syd 06:32 GMT February 10, 2010
RBA: European, Asian Central Banks Discussed Crisis Policy Exit Strategies
Reply   
SYDNEY (Dow Jones)--A meeting of European and Asian central bankers Wednesday discussed the aftermath of the global financial crisis and exit strategies, the Reserve Bank of Australia said in a statement.

The 5th high-level seminar of central banks in the East Asia-Pacific region and the Euro area was jointly organised by the European Central Bank and the RBA, in cooperation with the Hong Kong Monetary Authority.

The meeting coincided with a three-day gathering of central bankers to mark the 50th anniversary of the RBA.

"The Governors reviewed economic policies in the aftermath of the financial crisis, including exit strategies, and the shape and structure of global growth," the RBA said.

Other issues talked about were "cross-border banking and the prospect of strengthening macroprudential supervision," it said.

The representatives from the East Asia-Pacific Region were from the Executives' Meeting of East Asia-Pacific Central Banks (EMEAP), which comprises eleven central banks and monetary authorities in the East Asia-Pacific region (Australia; China; Hong Kong; Indonesia; Japan; South Korea; Malaysia; New Zealand; Philippines; Singapore and Thailand).

European representatives were from the European Central Bank and the sixteen national central banks of the Euro area member states (Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia and Spain).

HK REVDAX 06:32 GMT February 10, 2010
AYE//Tks. Actually it is very simple. Just press left mouse key and drag the thing to the right side ...

hk ooozmeeh 05:47 GMT February 10, 2010
DJ MARKET TALK: Spot Gold Slightly Lower On EUR Retreat-Trader
Reply   
0519 GMT [Dow Jones] Spot gold tad lower on EUR/USD retreat at
$1,076.30/oz, down $1.30 vs NY close, EUR falls to $1.3750 from intra-day day
high of $1.3807; single currency trimming overnight gains on back of concerns
that E.U. still mulling Greece bailout, no concrete plan yet; investors now
looking for details of such a plan as sense of caution overhangs the market.
"Gold is following the euro at the moment, and if anything has been suffering
worse than the currency,"

hk ooozmeeh 05:39 GMT February 10, 2010
DJ MARKET TALK: EUR To Fall More If Germany,EU Don't Deliver -UBS
Reply   
0352 GMT [Dow Jones] EUR may have further to fall for rest of week, as
players remain wary of fiscal problems in Euro-zone countries, says Muneteru
Togawa, director of FX distribution at UBS. While EUR enjoyed overnight bump on
news Germany considering plan to offer loan guarantees to Greece, other
fiscally challenged Euro-zone members, says "since nothing definite has been
decided yet, essentially the euro remains quite top-heavy." Says if outcome of
E.U. leader discussion Thursday paints clearer picture of rescue plan that
would support EUR, but if result leaves market participants unconvinced,
EUR/USD could fall as low as 1.3500 vs last 1.3763, EUR/JPY to 121.00 vs 123.46
by weekend.

Syd 05:28 GMT February 10, 2010
Central banks should move early on bubbles: RBA
Reply   
Central banks may need to become more pro-active in dealing with dangerous asset bubbles before they become destabilising to the financial system.LINK
Copper Steady; China Jan Imports Fall No Surprise
Data does not reflect opening of arbitrage window since late December--lag time between transaction, which was typically buy LME 3-month contract, sell SHFE March, April or May contract--and delivery is significant. December/January trades likely to be reflected in March, April data. Trader in Tokyo says data is no surprise given China's supply chain is well stocked and slowdown for Lunar New Year would always make January/February seasonally weak months. Volume lower than recent sessions at 1,097 lots done, reflecting absence of arbitrage this morning after LME Tuesday rally closed gap with Shanghai prices.

GVI Forex Blog 03:40 GMT February 10, 2010 Reply   

Morning Briefing : 10-Feb-2010 - 0338 GMT

Syd 03:38 GMT February 10, 2010
DJ RBA Comes Clean On Targeting Asset Price Bubbles
Reply   
"It is unlikely to be credible for central banks not to move, in the next decade, at least somewhat in the responsive direction," he said. Such a policy stance should sharpen the financial market's watch on indicators like property prices and auction clearance results. At the margin, it should support expectations of sharply higher interest rates in Australia over the next few years. The RBA said last week house prices are proving "quite buoyant" as the economy springs back. Prices for established houses in capital cities rose around 10%-12% in 2009 while nationally, prices in the fourth quarter were around 8% higher than their previous peak in early 2008, with Sydney and Melbourne leading, the RBA said. It also warned late last year about imbalances in property markets, with concerns about supply side constraints such as slow land releases exacerbated by demand pressures, in part due to strong population growth. No one should think RBA policy is going through an evolutionary shift. The RBA has been an avid supporter of a policy of targeting asset bubbles for some time, but has likely just chosen to keep it cards close to its chest.

Syd 03:03 GMT February 10, 2010
Rate of inflation 'still low'
Reply   
Central bank governor Zhou Xiaochuan said Tuesday China's inflation rate remains "relatively low", amid ongoing debate among officials and economists on when policymakers should raise interest rates to rein in rising inflation and asset prices.
http://cs.xinhuanet.com/english/ei/201002/t20100210
_2341641.htm

Hong Kong Qindex 02:54 GMT February 10, 2010
QIndex Trading System

EUR/USD
Entry: Target: Stop:

EUR/USD : The odds are in favor of maintaining a long position when the market is above 1.3724.



02/08/2010 16:27:27 Qindex Hong Kong 5

EUR/USD
Entry: Target: Stop:
02/06/2010 08:24:31 Qindex Hong Kong 15

EUR/USD
Entry: Target: Stop:
EUR/USD : Current Comments



The current expected trading range is 1.3326 - 1.3898. As shown in the distribution profile of the monthly cycle probability chart 1.3964 is a turning point. The bias is on the downside when the market is trading below 1.3964 and it is pulling towards 1.3453. The weekly cycle normal lower limits are positioning at 1.3340 - 1.3346 - 1.3411. Initially the market is going to consolidate within 1.3516 and 1.3817.



EUR/USD : Monthly Cycle Charts
http://www.qindex.com/euro.html

Mtl JP 02:52 GMT February 10, 2010
Treasuries

got it SYD

http://www.reuters.com/article/idUSTRE6183KG20100209

Interesting growling and clawing types. miaw.

Unfortunate part is that China probably does not have a spookable constituency of independent traders big enough to front-run the gov't trading proxy with trumping impact.

Syd 02:50 GMT February 10, 2010
EU President's secret bid for economic power
Reply   
The new President of the European Council, Herman Van Rompuy, is using the financial crisis sweeping the eurozone to launch an audacious grab for power over national budgets, leaked documents reveal.
The Independent has seen a secret annexe to the letter being sent by Mr Van Rompuy to European Union heads of government inviting them to the summit to be held tomorrow in Brussels. In an early and muscular assertion of authority over national governments and over the EU Commission, the Van Rompuy note states: "Members of the European Council are responsible for the economic strategy in their government. They should do the same at EU level. Whether it is called co-ordination of policies or economic government, only the European Council is capable of delivering and sustaining a common European strategy for more growth and more jobs."LINK

Gen dk 02:44 GMT February 10, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Syd 02:29 GMT February 10, 2010
Treasuries
Reply   
Mtl JP 02:12 GMT got to aks yourself where that chatter is coming from !!

Mtl JP 02:12 GMT February 10, 2010
China PLA officers urge economic punch against U.S.

Syd 01:53 - rofl , can we know the names of these Chinese heros mascarading as Senior Chinese military officers ?

Syd 02:04 GMT February 10, 2010
China has the world's biggest pile of foreign currency reserves, much of it held in U.S. treasury de
Reply   
http://www.reuters.com/article/
idUSTRE6183KG20100209

dont they call this !!

Syd 01:53 GMT February 10, 2010
China PLA officers urge economic punch against U.S.
Reply   
EIJING (Reuters) - Senior Chinese military officers have proposed that their country boost defense spending, adjust PLA deployments, and possibly sell some U.S. bonds to punish Washington for its latest round of arms sales to Taiwan.

Syd 01:49 GMT February 10, 2010
European governments agree to help Greece: source
Reply   
BERLIN (Reuters) - European governments have agreed in principle to help heavily indebted Greece, a senior German coalition source said on Tuesday, in what would be the first rescue of a euro zone member in the currency's 11-year history. "The decision on help for Greece has been taken in principle within the euro zone," said a source in the German coalition government who has knowledge of the negotiations. Various options were under consideration and no final decision had been taken but the most likely possibility was to offer "bilateral help," the source said.
http://www.reuters.com/article/idUSTRE61819O20100209

World 01:44 GMT February 10, 2010
EURJPY

Hi Jay,

Sorry
I didn't know it is the rule in this forum (to clearly mention the city)

But I live between 5 cities in 3 countries. That's why I didn't write a city or a country. I am not talking about visiting, I am taking about actually living. Visiting is a lot more.

I think it is easier not to comment, as I used to do before.

Syd 01:39 GMT February 10, 2010
Sovereign wealth eyes move into commodities, oil
Reply   
LONDON (Reuters) - Sovereign wealth funds (SWFs) -- the investment arms of cash-rich nations such as China and Qatar -- are poised to raise their holdings of commodities and oil in a move that could have a huge impact on financial markets.Sitting on up to $4 trillion in assets, much of it from selling oil and other raw materials, most SWFs have so far been conservative in their investment choices, holding dollars, treasuries and shares in large U.S. and European companies.

But they have been badly burned by the global financial and economic turmoil over the last 18 months and are now looking at new strategies to protect their interests, analysts say.

As these funds switch into commodities and oil those markets will be supported by the sheer weight of their purchases.

Surveys suggest SWFs may now have between $10 billion and $20 billion in commodities and oil, but this underweight by most measures could rise rapidly to hundreds of billions of dollars.
"The potential for growth is absolutely massive," said Amrita Sen, analyst at Barclays Capital in London and co-author of a report this month on sovereign wealth funds and commodities. "They are waiting for the right signals. They want to see the economy beginning to bottom and that oil has turned."
http://www.reuters.com/article/idUSTRE51N28Z20090224

jkt-aye 01:37 GMT February 10, 2010 Reply   
Nuts and Bolts: Help/open Forum

Revdax... press F2 then choose the ccy and time frame that you want then click download. it will takes time depend...

THREAD: Meta 4 Trader UPDATED

tokyo rana 01:36 GMT February 10, 2010
EURJPY

i heard gbp remain under presure...
todays uk indications forecast no good....
its very highly important indications....
ihope see lower levels...

jkt-aye 01:31 GMT February 10, 2010
confused
Reply   
jkt-aye 03:53 GMT February 5, 2010
eurusd...maybe we gonna see 1.3860 before 1.3500 ?
-----

what now ? go to 1.3500 or consolidate before 1.4200 ?
not make my choice yet. gtgl

Hong Kong 01:30 GMT February 10, 2010
Daily Market Outlook by AceTrader
Reply   
Market Review - 09/02/2010 22:48 All times in GMT

Euro rallies on optimism due to possible European bailout for Greece


Euro rose sharply against the dollar on speculation that European officials' meeting on Thursday will agree to assist Greece in tackling its budget deficit. Speculation about Greece prompted a recovery in global equities as well. DJI ended the day up 150 points to 10058.

The single currency staged a strong rebound from an intra-day low of 1.3643 in Australia due to active short-covering on speculation that EU Council may be working on steps to help Greece as European Central Bank's Trichet left Sydney early to attend a European Council meeting. Although the pair then retreated from 1.3746 to 1.3698 following the initial rise in European morning after a spokesman for the ECB played down the significance of the change in travel plans, saying Trichet had only moved up his return flight to ensure he did not miss a connection, buying interest around 1.3695/00 lifted euro again n the pair hit an intra-day high of 1.3840 in NY afternoon as European Union officials held out the prospect of aiding Greece if the country made progress in reducing its budget deficit. Despite subsequent strong retreat due to the fact that German government spokesman Ulrich Wilhelm called reports that a decision had already in effect been taken "unfounded", the pair still ended the day at 1.3796 as the daily Financial Times Deutschland also said Germany was preparing an aid package for Greece.

Cable recovered in Asia from yesterday's selloff as mixed U.K. data prompted intra-day short-covering. U.K. RICS house prices rose by 32% in Jan versus the common forecast of 27% from previous reading of 30%, although BRC retail sales dropped by 0.7% from previous reading of 4.2%. In spite of cable's retreat in European morning on active cross-selling in sterling (eur/gbp breached yesterday's high of 0.8799 to 0.8818) after a report showed that the U.K. trade deficit swelled in December to the widest in almost a year as imports rose faster than exports, the pair rallied in NY due to speculation of a EU bailout plan for Greece. The British pound picked up more upward momentum to as high as 1.5749 in NY afternoon following European governments have agreed in principle to help heavily indebted Greece.

Economic data to be released on Wednesday include Australia westpac consumer confidence, Japan domestic CGPI, machine orders, U.K. industrial production, manufacturing production, Bank of England quarterly inflation report, U.S. trade balance, Fed budget and Canada trade balance.

http://www.acetraderfx.com

World 01:30 GMT February 10, 2010
EURJPY

Everything is profitable but you have to be in the right direction.

There are news coming from the UK today. Plus Euro sounds more bullish than Pound. Feelings against Euro cooled off, but it didn't do it with the same level with Pound.

Hong Kong 01:29 GMT February 10, 2010
Daily Market Outlook by AceTrader
Reply   
Market Review - 09/02/2010 22:48 All times in GMT

Euro rallies on optimism due to possible European bailout for Greece


Euro rose sharply against the dollar on speculation that European officials' meeting on Thursday will agree to assist Greece in tackling its budget deficit. Speculation about Greece prompted a recovery in global equities as well. DJI ended the day up 150 points to 10058.

The single currency staged a strong rebound from an intra-day low of 1.3643 in Australia due to active short-covering on speculation that EU Council may be working on steps to help Greece as European Central Bank's Trichet left Sydney early to attend a European Council meeting. Although the pair then retreated from 1.3746 to 1.3698 following the initial rise in European morning after a spokesman for the ECB played down the significance of the change in travel plans, saying Trichet had only moved up his return flight to ensure he did not miss a connection, buying interest around 1.3695/00 lifted euro again n the pair hit an intra-day high of 1.3840 in NY afternoon as European Union officials held out the prospect of aiding Greece if the country made progress in reducing its budget deficit. Despite subsequent strong retreat due to the fact that German government spokesman Ulrich Wilhelm called reports that a decision had already in effect been taken "unfounded", the pair still ended the day at 1.3796 as the daily Financial Times Deutschland also said Germany was preparing an aid package for Greece.

Cable recovered in Asia from yesterday's selloff as mixed U.K. data prompted intra-day short-covering. U.K. RICS house prices rose by 32% in Jan versus the common forecast of 27% from previous reading of 30%, although BRC retail sales dropped by 0.7% from previous reading of 4.2%. In spite of cable's retreat in European morning on active cross-selling in sterling (eur/gbp breached yesterday's high of 0.8799 to 0.8818) after a report showed that the U.K. trade deficit swelled in December to the widest in almost a year as imports rose faster than exports, the pair rallied in NY due to speculation of a EU bailout plan for Greece. The British pound picked up more upward momentum to as high as 1.5749 in NY afternoon following European governments have agreed in principle to help heavily indebted Greece.

Economic data to be released on Wednesday include Australia westpac consumer confidence, Japan domestic CGPI, machine orders, U.K. industrial production, manufacturing production, Bank of England quarterly inflation report, U.S. trade balance, Fed budget and Canada trade balance.

http://www.acetraderfx.com

GVI Forex Jay 01:27 GMT February 10, 2010
EURJPY

World 01:23 GMT February 10, 2010 (and others) - one of our few rules is to include a recognizable location. We are leaving your post up but in the future, please sure a real location. TIA

tokyo rana 01:25 GMT February 10, 2010
EURJPY

your and my thinking same...
gbpjpy more profitable even not much weak right now...

eurjpy better stay sideline...

tokyo rana 01:23 GMT February 10, 2010
jpy crosses

hello,how are you?again jpy crosses?

World 01:23 GMT February 10, 2010
EURJPY

Hi MDG,

It's up to you. But if I would buy yen, I would buy it against cable, not Euro i.e. short GBP/JPY rather than EUR/JPY.

Cable is more likely to be weaker than Euro, in my views. But it's your risk and it is your money.

SF WM 01:14 GMT February 10, 2010
jpy crosses
Reply   
This is where positions are being unwound

tokyo rana 00:50 GMT February 10, 2010
EURJPY

Sell gbpjpy
Entry: Target: Stop:

not bad idea....eurjpy 124 not bad for sale...

i still hold sale gbpjpy 139.388

USA ZEUS 00:32 GMT February 10, 2010
trade

London Chris 14:53 GMT February 8, 2010
trade: Reply
Zeus if you are online can we get a trade update and whether you are still long eurusd?

____________________________________________________

Yes Chris. Booked some nice gains earlier Tuesday.

Dallas MDG 00:32 GMT February 10, 2010
EURJPY
Reply   
EURJPY
Entry: Target: Stop:

Thinking about shorting at this level. Any thoughts?

Syd 00:31 GMT February 10, 2010
aud
Reply   
Australia Dec Value Of Investment Housing Finance +1.9% Vs Nov
Australia Dec Housing Finance -5.5% Vs Nov; Forecast -5.0%

 




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