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Forex Forum Archive for 03/03/2010

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


Syd 23:49 GMT March 3, 2010
DJ James Chanos: Suspicions On Euro Currency Bets Demonize Traders
Reply   
Short-selling has been demonized by people who don't understand financial markets, said James Chanos, the founder of Kynikos Associates

U.S. probes bets against euro - source
NEW YORK (Reuters) - The U.S. Justice Department has launched an investigation into whether hedge funds might have acted together betting against the euro, a source familiar with the situation said on Wednesday.
http://www.reuters.com/article/idUSLNE62202820100303

Springdale, Arkansas BDH 23:12 GMT March 3, 2010
Long EUR/USD
Reply   
Buy EURUSD
Entry: 1.3705 Target: Stop: 1.3687

Long here.

Syd 23:09 GMT March 3, 2010
Wizard Turns Bearish USD, Bullish Gold
Reply   
The TechWizard believes the odds are starting to favour another push upwards for the gold price.

Carl Weinberg of High Frequency Economics says Australia’s
solid 0.9% GDP rise for Q4 (2.7% higher than a year ago), seen overnight, along with upward revisions to prior quarters “helps us understand the RBA’s zeal to get interest rates back to normal quickly.” The RBA raised the cash rate 25bps to 4.0% Tuesday. “If the RBA wants to get the cash rate up to its historical norm – that is what it says it wants to do – 25 bp rate hikes every other month will get the job done by the end of this year,” Weinberg says. That is HFE’s base case, he adds.

Rates to Stay Low for Extended Period: Fed Officials
A soft economic recovery marked by high unemployment and tame inflation should allow the U.S. Federal Reserve to keep interest rates low for a long time, three top central bank officials said on Wednesday.link

The euro looks set to rise against the dollar to $1.42, Chris Zwermann from Zwermann Financial told CNBC Wednesday. Zwermann also takes a technical look at the euro versus the pound and the SMI index.link

AUD/USD Fair Value Has Jumped To 0.9340 - NAB
Fair value for AUD/USD has risen to 0.9340, from 0.9170 last Friday, thanks to all four drivers--2-year yield spread, industrial metals prices, risk appetite and gold price--improving, says John Kyriakopoulos, head of FX strategy at NAB. Says AUD/USD is now 3% below "fair value" and would expect this gap to close. However, further short covering in EUR/USD and GBP/USD might see AUD/USD underperform in near-term. Latest 0.9056.
AUD/USD Looks To Consolidate After Technical Break
AUD/USD attracting support as global risk aversion lessens after Greece announced new austerity measures overnight. One senior trader at an Australian bank says pair broke above key resistance at 0.9070 overnight before falling back, will be watched in Asian session to see whether this level can be breached, which trader says would open way for a move toward 0.9150. Latest around 0.9056. "There may be a few people looking to get on board, having missed the boat a bit," trader says.

GVI Forex Blog 22:18 GMT March 3, 2010 Reply   

Stocks Rally on Better ADP, ISM Services Growth

GVI Forex Blog 22:17 GMT March 3, 2010 Reply   

Euro Rises after Greece Makes Move in Right Direction

GVI Forex Blog 20:57 GMT March 3, 2010 Reply   
21:00 GMT- Mar 3 (global-view.com) The announcement of a Greek austerity package today had a major influence on trading. The latest plan results in spending cuts of $4.8bln. More importantly, the program received kudos from both the German and French Finance Ministers...

Daily GVI Forex Forex View- Waiting for Friday Jobs

GVI Forex john 20:54 GMT March 3, 2010
GVI Forex Trading Support


The Daily Forex View

Waiting for Friday Jobs

21:00 GMT- Mar 3 (global-view.com) The announcement of a Greek austerity package today had a major influence on trading. The latest plan results in spending cuts of $4.8bln. More importantly, the program received kudos from both the German and French Finance Ministers...

MORE...

GVI Forex Blog 20:52 GMT March 3, 2010 Reply   
…The 1.38/1.3850 area is an important resistance. If that is broken the 1.39 area is also an important resistance. The key is to look for topping action, then observe the decline if one materializes…

FXTimes: Daily Technical Update EUR/USD Stalking Retracement

GVI Forex Blog 20:50 GMT March 3, 2010 Reply   
The Yen has been strong lately, and the GBP/JPY has been one of the weakest yen crosses. Looking at the 4H time-frame the market looks to be in a very strong decline to start the week but...

FXtimes: Daily Technical Update GBP/JPY Closing in on Projection

Lahore FM 20:45 GMT March 3, 2010
Trade Ideas

Buy EURUSD
Entry: Target: Stop: sl amend

sl for eurusd long raised to 1.3630.

GVI Forex Jay 20:07 GMT March 3, 2010
EUR/USD

Just posted on GVI Forex:

GVI Forex Jay 20:03 GMT March 3, 2010
eur: Reply
I am not saying this will happen as the correction has some technical backing but corrections during the eur/usd downtrend have proved to be short-lived and often one day wonders. Just something to keep an eye on.

Gen dk 19:27 GMT March 3, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Miami JN 19:23 GMT March 3, 2010
eurusd
Reply   
Sell EURUSD
Entry: 1.3725 Target: 1.3670-90 Stop: 1.3745

Treating this as a correction.

GVI Forex 19:05 GMT March 3, 2010
GVI Forex Trading Support

Just released:

Fed's Beige Book

GVI Forex Blog 18:24 GMT March 3, 2010 Reply   
Kiss of death for me of late – bravado is not the better part of valor. After calling a USA victory over Canada in Olympic ice hockey final which surely was the reason why the US lost (though salary adjusted, home advantage adjusted and experience adjusted, USA won 3-1), I fear I may be resigning the short euro position to the dustbin of history (in this world that means a 4-8 week bottom).

Forex Blog -EURUSD far from Bottom

ha noi 18:16 GMT March 3, 2010


sorry, i try post file

Belgrade AS 18:10 GMT March 3, 2010
hat's off Joseph Traviani!
read an article by Danish bank where they said in easy english:sell risk sensitive against safe havens...and,when everything goes to hel...l,...then go long aud against safe havens!...author failed to mention then (at least)from November 08. China was the engine behind global economy.....going long aud after the brake-down is common logic(God gave Australia the perfect geo-strategic positin to be the main supplier to China-economic engine of our world!)
MUST READ!(if u ask me)

Hong Kong Qindex 17:50 GMT March 3, 2010
QIndex Trading System

Buy AUDUSD
Entry: Target: Stop:

AUD/USD : Speculative buying interest will increase when the market is above the monthly cycle matrix system at 0.8881 - 0.9044 - 0.9073.

Belgrade AS 17:43 GMT March 3, 2010
EUR/USD

sorry to spoil bull's fun,BUT ...isn't that (what i'm looking at!) 100daySMA crossing 200?....in a week or two.

GVI Forex Blog 17:41 GMT March 3, 2010 Reply   

Interesting Times

GVI Forex Jay 17:37 GMT March 3, 2010
EUR/USD
Reply   


As posted on GVI Forex

Daily chart looks so clear in hindsight although risk was staring at us. Nevertheless, it is hard to believe the low was set just yesterday. Note today was the first trade above the 20 day mva since January 19.

On the upside, the major trendline will be within the 1.3789-1.3838 resistance band I have been citing by Friday. This makes this a potentially tough zone. Using my big figure approach, 1.38 is the next pivotal level, also within this range.

Using retracements,

1.3838 = 23.6% of 1.5141-1.3435
1.3873 = 38.2% of 1.4582-1.3435 (2010 range)

On the downside, back below 1.3691, at a minimum, would be needed to ease the retracement risk and the risk of a close above and an outside week key reversal.

GVI Forex john 17:23 GMT March 3, 2010
GVI Forex Trading Support

Data Call @ 19:00 GMT
Fed Beige Book

The Beige Book Report is published eight times per year. Each Federal Reserve Bank gathers anecdotal information on current economic conditions in its District through reports from Bank and Branch directors and interviews with key business contacts, economists, market experts, and other sources. The Beige Book summarizes this information by District and sector. An overall summary of the twelve district reports is prepared by a designated Federal Reserve Bank on a rotating basis.

Hong Kong Qindex 17:18 GMT March 3, 2010
QIndex Trading System

AUDUSD
Entry: Target: Stop:

AUD/USD : It is likely that we have seen the daily high already.


Trading Reference : ... 0.8974 // 0.9009 - 0.9048 - 0.9088 // 0.9125 ...

Juffair KaL 17:12 GMT March 3, 2010
cable

you could be right
ran the weekly
for this week and 4 next
exp highs and lows
I do not have 1.6060 anymore
did last week..but i do not know
Maybe the drop made all very excited
gl
1.5434 1.4946
1.5360 1.4875
1.5291 1.4810
1.5219 1.4741
1.5156 1.4680

Belgrade AS 17:05 GMT March 3, 2010
try "retraction" mr.blogman!
what i mean is: next risk aversion will kick in in a week or two (the stupidest catalyst ever will be the cause!)
aversion will become full-scale panic within a week!
nzdusd will slide 1000 pips in another 2-3 weeks....
risk sensitive will be worthless(being the "stupedest" cause for aversion)
it's an easy game...why comlicate it?
WOOOOO-HOOOOO

Hong Kong Qindex 17:04 GMT March 3, 2010
QIndex Trading System

Sell USDJPY
Entry: Target: Stop:

03/03/2010 12:18:07 Qindex Hong Kong 5

Sell USDJPY
Entry: Target: Stop:
USD/JPY : The 5-day cycle chart indicates that the current expected trading range is 88.21 - 89.33. The midpoint reference of 89.33 and 88.21 is 88.77. Downside targeting points are 85.95 and 87.08.

Hong Kong Qindex 17:03 GMT March 3, 2010
QIndex Trading System

EURUSD
Entry: Target: Stop:

03/03/2010 11:42:12 Qindex Hong Kong 9

EURUSD
Entry: Target: Stop:
EUR/USD : The current expected trading range from the 5-day cycle charts is 1.3401 - 1.3664. Supporting barriers are located at 1.3488 and 1.3576. A resistant point is expected at 1.3751.


03/03/2010 11:37:22 Qindex Hong Kong 10

EURUSD
Entry: Target: Stop:
EUR/USD : Trading Reference


... 1.3331 // 1.3442 - 1.3635 // 1.3738 ...

tokyo rana 16:57 GMT March 3, 2010
any views?
Reply   
Sell USDJPY
Entry: Target: Stop:

any views about usdjpy eurjpy and gbpjpy?
usdjpy made new low of 2010 just now 88.333.........
gbpjpy on monday and eurjpy on 25feb 2010...
Kal prediction was very good selling usdjpy...
best regards,

GVI Forex Blog 16:49 GMT March 3, 2010 Reply   
Some analysts have the view that if Greece is stabilized it will prove the euro has passed a major test, and lead to a fresh new rally against the US dollar.

Greece stabilized? If so, what next for euro? ECB rate cut?

lkwd jj 16:47 GMT March 3, 2010
cable

154.81 is 20ma today, which will drop slowly towards your levels. gl gt

Mtl JP 16:38 GMT March 3, 2010
cable

have to ? why have to ?

gbpdlr odds looking good for 1.5427 initially.

above 1.5524 would open 1.5781 and getting past 1.5822 would drive the nail of pain (or pleasure, depending on orientation) to 1.6039.

the faster the better.

Juffair KaL 16:29 GMT March 3, 2010
cable
Reply   
Cable will have to come down
these are highs and lows with s deviations around the average
of highs and lows

D 97.7% 84.1% 69.1% __ 69.1% 84.1% 97.7%

1 1.5150 1.5093 1.5064 __ 1.4839 1.4806 1.4740
2 1.5135 1.5077 1.5049 __ 1.4824 1.4791 1.4725
3 1.5122 1.5065 1.5036 __ 1.4811 1.4778 1.4712
4 1.5107 1.5049 1.5021 __ 1.4796 1.4763 1.4697
5 1.5094 1.5036 1.5007 __ 1.4783 1.4750 1.4684

Belgrade AS 16:24 GMT March 3, 2010
EURUSD

thank you sooooo much Mailman...wasn't even looking at that pair.fired another long @1,0290(missed the "dead" bottom,but looks ok)

lkwd jj 16:21 GMT March 3, 2010
cable
Reply   
152.29 target for long cable. why? gap on 1 hr chart, 150 ma.

Tut Brunei 16:20 GMT March 3, 2010
EURUSD

Sell EURUSD
Entry: 1.3743 Target: 1.3634 Stop:

target for a reversal...

GVI Forex Blog 16:16 GMT March 3, 2010 Reply   
Mar 3 (global-view.com) UPCOMING DATA HIGHLIGHTS: On Thursday, Australian trade data are due. In Europe, Eurozone 4Q09 GDP is slated. Also the BOE and ECB policy decisions are awaited. In North America, U.S. 4Q09 Productivity and weekly jobless claims

GVI Forex- Data Outlook for March 4, 2010

ha noi 16:14 GMT March 3, 2010
long- winnnnn
Reply   
look eu,gu,dowjones..... go up to day.
dow 10500 test, eu 1.375...

Richland QC Mailman 16:13 GMT March 3, 2010
EURUSD

Hi AS. On another matter. USD/CAD is nearing 1.0200.. your target for a reversal.

GVI Forex john 16:12 GMT March 3, 2010
GVI Forex Trading Support

Mar 3 (global-view.com) UPCOMING DATA HIGHLIGHTS: On Thursday, Australian trade data are due. In Europe, Eurozone 4Q09 GDP is slated. Also the BOE and ECB policy decisions are awaited. In North America, U.S. 4Q09 Productivity and weekly jobless claims are due on the open. The session will also see pending homes sales, factory orders and natural gas inventories. The Canadian Ivey PMI will be released as well.

 

 

THURSDAY

 

 

0:30

AU

Jan Trade A$bln

-0.017

-2.252

10:00

EZ

4Q GDP qq

0.10%

0.40%

10:00

EZ

4Q GDP yy

-2.10%

-4.10%

12:00

UK

BOE Rates (0.50%)

unch

unch

12:45

EZ

ECB Rates (1.00%)

unch

unch

13:30

EZ

ECB Webcast

n/a

n/a

13:30

US

4Q Productivity

6.20%

6.20%

13:30

US

WK Initial Claims k

465

496

13:30

US

WK Cont Claims m

4.6

4.617

15:00

CA

Feb Ivey PMI

57

50.8

15:00

US

Feb Pnd Homes

1.80%

1.00%

15:00

US

Jan Factory Ords

1.00%

1.00%

15:30

US

DOE Nat Gas bcf

-140

-172

Tut Brunei 16:09 GMT March 3, 2010
Trade Ideas

Buy EURUSD
Entry: Target: Stop: 1.37437

Daily Limit trading strategy...

Lahore FM 16:09 GMT March 3, 2010
Trade Ideas

Buy AUDUSD
Entry: Target: parital t/p Stop: s.l amend

03/03/2010 11:11:10 FM Lahore 4

Buy AUDUSD
Entry: 0.9021 Target: open Stop: 0.8940
went long here.
--
half out now at 0.9066,sl to 0.9000 for rest of it.

GVI Forex Jay 16:06 GMT March 3, 2010
EURUSD

ha noi see this link for instructions

If you still have trouble, send me an email as indicated previously

Chicago sc 16:05 GMT March 3, 2010
EURUSD
Reply   
G-V keeps bashing us over the head with the fact that the markets are very short the EURUSD. I think a lot of the spikes we keep seeing these days comes from that overhang?

ha noi 15:58 GMT March 3, 2010
EURUSD

i want post chart but can't post

Belgrade AS 15:51 GMT March 3, 2010
EURUSD



ok.deleted Bollinger since i'm flat in eurusd anyway!
here's the picture i have.it's based on daily closes...avereges are the simple ones .....my local time is GMT+1(this means 23.00h in London is my midnight).
simple MAs (10,20,50,100 and 200)are easy to tell one from another.
if you check you'll see that all the same time zones show same results!...when huge moves kick in-it's time to wonder about your definition of "daily close"(i suppose it's midnight on EVERY platform)

Lahore FM 15:51 GMT March 3, 2010
Trade Ideas

Buy EURUSD
Entry: Target: Stop: sl amend

03/02/2010 16:57:06 FM Lahore 6
Lahore FM 15:10 GMT March 2, 2010
Trade Ideas: Reply
Buy EURUSD
Entry: 1.3533 Target: Stop: 1.3505

added with stop
--
this one out at 1.3571 now.lower 1.3533 runs for me.
--
sl to 1.3570 now for 1.3533 long.

ha noi 15:43 GMT March 3, 2010
EURUSD

dj test 10500 today, i send chart eu with gvi help me post (i'm sorry my english very very bad)

ha noi 15:40 GMT March 3, 2010
EURUSD

look... eu,gu... go up , eu go up 1.37 test pivos week but go up test 1.375

GVI Forex john 15:34 GMT March 3, 2010
GVI Forex Trading Support

EIA
Crude Oil +4.1m
gasoline +0.700m
Distillates -0.900m

GVI Forex Jay 15:25 GMT March 3, 2010
EURUSD

Kal, it is the 20 day mva and not our Bollinger Bands. Our #s are correct based on the N Y closes.

Juffair KaL 15:24 GMT March 3, 2010
EURUSD

could be the number of standard deviation...maybe Jay uses 3

GVI Forex Blog 15:22 GMT March 3, 2010 Reply   

Stocks Trading Flat Ahead of ADP Jobs Report

GVI Forex Blog 15:21 GMT March 3, 2010 Reply   

Euro Firms after Greece Announces More Budget Cuts

GVI Forex john 15:10 GMT March 3, 2010
ISM Service PMI

Interesting chart. U.S. crossing over vs. EZ and slope of lines diverging...

Updated Chart

GVI Forex Blog 15:08 GMT March 3, 2010 Reply   
Price action on spot gold, a daily chart of which is shown, has made a significant bullish move in breaking out above the key 1130 price region, establishing a new 6-week high.

Chart of the Day - 3/03/2010 – GOLD

Mtl JP 15:08 GMT March 3, 2010
ISM

and 1.9 points above 51.1 expectation.

nyc 15:05 GMT March 3, 2010
ISM
Reply   
US ISM February Non-Mfg PMI 53.0 vs 50.5 in January

Belgrade AS 15:01 GMT March 3, 2010
EURUSD

wfak!!!!....it's spooky that a moment comes when i play my whooo-hooo....thinking we broke 20day...at the same time you guys(americans) are still biting your nails thinking "to be or not to be"

GVI Forex john 14:59 GMT March 3, 2010
GVI Forex Trading Support

ISM service PMI @ 15:00 GMT-

Click

Belgrade AS 14:52 GMT March 3, 2010
EURUSD

true Jay.i think i can offer an explanation....
my midnite comes at the end of 2-3 hour period when not a single bank works on the planet(perfect "midnight"...bussinesswise!!!)
your midnight 00.00h("close" on daily) incorporates 5-6 hours of pinball action of asia work time...since we had a 1000 pip slide during last 20 working(!!!!) days,your and my averages are off...for 20pips
im too old and lazy to do my homework and doublecheck this theory,but sounds right...in a way
thanks

Mtl JP 14:47 GMT March 3, 2010
EURUSD

I stand to be corrected but Jay probably calculates accross 5day Mon-Fr NY closes vs some chart packages calculating accross 6 days

San Diego LC 14:44 GMT March 3, 2010
EURUSD

I've often wondered the same, as I find that the charting package on my trading platform draws MAs that are sometimes rather different, too. I've chalked it up (but can't prove it) to the fact that different platforms trade slightly different price levels in any time frame. Over time, those slightly differing closing prices (in whatever time frame) have a cumulative effect on the MA levels displayed on that particular platform, and the longer the time frame, the greater the potential deviation between platforms, I guess. I'm just guessing here, but that's how I've rationalized it. I find it helpful to know about MA levels that differ from the ones I see on my platform, so that I don't get too myopic on just the platform I see.

GVI Forex Jay 14:37 GMT March 3, 2010
EURUSD

AS, I can't explain it other than to say we are very confident in our fx database, which we think is the best on the web. I also calculated the past 20 day closes by hand and that confirms our # at 1.3645. See for yourself at our FX Database

Belgrade AS 14:30 GMT March 3, 2010
EURUSD

Jay,i'm puzzled here...my mid-Bollinger band is @1,3626(on daily)...as far as i know this should represent 20 day (simple)MA...aplied to "close" values(on daily...again)
i know we live in defferent time zones,but how in the world can they be 20 pips apart?

Lahore FM 14:24 GMT March 3, 2010
Trade Ideas

looking at nzdusd reminds me of a 1993 Johnny Depp movie title What's Eating Gilbert Grape!

GVI Forex Jay 14:21 GMT March 3, 2010
EURUSD

JP, currently it is being pivoted and will see where it closes. As Wall Street pointed out, currently trading 30-40 pip deviations from around this level.

Mtl JP 14:17 GMT March 3, 2010
EURUSD

Jay 14:16 and your bias is
a) it holds
b) it breaks UP

tia!

GVI Forex Jay 14:16 GMT March 3, 2010
EURUSD

1.3645 = 20 day mva

ha noi 14:04 GMT March 3, 2010
help me

thanks gv, i think dj today go up 10500 test (yesterday don't go up 10500)

Wall Street 14:02 GMT March 3, 2010
EURUSD
Reply   
EURUSD neutrality now 1.3640. We see fluctuation band of 30-35 pips, which should be tradeable.

ha noi 13:59 GMT March 3, 2010
eu,gu...
Reply   
Buy EURUSD
Entry: Target: Stop:

hk,look eu go up 1.375 test today

GVI Forex Jay 13:57 GMT March 3, 2010
help me

ha noi Send me an EMAIL with your help question

ha noi 13:55 GMT March 3, 2010
help me
Reply   
i want post chats but i can't use help me

jerusalem KB 13:49 GMT March 3, 2010
audnzd heading to 1.3165



correction:
it is a little below 261.8 fib ret(now at 1.3220)

Mtl JP 13:41 GMT March 3, 2010
eurusd

using a free online translator 'prestigieuse' in Russian = престижный

GVI Forex john 13:26 GMT March 3, 2010
GVI Forex Trading Support

Patterns very clear in moving averages...


Click on chart for more than 10-yr history

tallinn viies 13:21 GMT March 3, 2010
eurusd
Reply   
Mtl JP 13:14 GMT March 3, - sorry I do not understand french.
in russian maybe?

I have heard GS is doing god´s work. so, it is not good to question about their doi8ngs :)

GVI Forex john 13:19 GMT March 3, 2010
any news?

ADP private employment fell -20,000. Pretty much as fotecasted.

tallinn viies 13:18 GMT March 3, 2010
eurusd
Reply   
MarketWatch - ADP private-sector payrolls drop 20,000 in February, fewest in two years

tokyo rana 13:17 GMT March 3, 2010
any news?
Reply   
any news came out now?
regards

Mtl JP 13:14 GMT March 3, 2010
eurusd

viies the French papers are in awe: "Conseillée par la prestigieuse banque d'affaires américaine Goldman Sachs, la Grèce a réussi à embellir ses comptes publics entre 2000 et 2002 pour pouvoir accéder à la zone euro."

prestigieuse ... lol, who else's books prestigious GS councels ?

tallinn viies 13:14 GMT March 3, 2010
eurusd
Reply   
talks
china was the seller above 1,3660

London HC 13:13 GMT March 3, 2010
euro news????????????

There was an overreaction to the Merkel meeting headlines.

GVI Forex Jay 13:12 GMT March 3, 2010
eurusd

Viies. Thanks for the info. That rumor was out earlier. This is a post on GVI several hours ago:

Pfizer may make a bid for Ger generic drug maker Ratiopharm this week. $4 bio the price tag.

tallinn viies 13:09 GMT March 3, 2010
eurusd
Reply   
fwiw
M&A rumour Pfizer in talks to buy German drug company 5B Euro's.

GVI Forex futures 13:09 GMT March 3, 2010
EURUSD
Reply   
Total open interest in the EURO FX futures contract was 203,745 yesterday, up 2,444 contracts. Our best guess is that the increase represented new longs. Recall that the weekly COT figures are based on Tuesday data. We wonder if BOTH longs and shorts are growing?

tallinn viies 13:06 GMT March 3, 2010
eurusd
Reply   
NEW YORK, March 3 (Reuters) - The U.S. Justice Department
has launched an investigation into whether hedge funds might
have acted together betting against the euro, a source familiar
with the situation said on Wednesday.
The Wall Street Journal earlier, citing people familiar
with the matter, said that the department has asked hedge funds
including SAC Capital Advisors LP, Greenlight Capital Inc.,
Soros Fund Management LLC and Paulson & Co. to retain trading
records and emails relating to the euro.
The euro has come under selling pressure during the Greek
debt crisis, losing over 10 percent since November, and the
newspaper said the request, dated Feb. 26, coincided with its
article describing gatherings of hedge fund managers where the
euro was discussed. For details see [ID:nN25152190]
One of the questions investigators are likely to examine is
whether such information-sharing amounts to collusion, the
Journal quoted the sources as saying.
The Justice Department's letter said the antitrust division
"has opened an investigation into agreements among various
hedge funds that trade euro contracts," the newspaper quoted a
source as saying.
The letter requested that the funds "preserve all
documents" and electronic communications relating to agreements
to trade the euro or communications about agreements to trade
currencies, the source said.
The reported Justice Department probe comes at a time when
financial institutions are facing scrutiny over their role in
the Greek financial crisis.
Critics accuse Wall Street firms of exacerbating the crisis
by first helping governments mask their debts through
derivatives deals only to benefit later from them by driving
down the value of securities related to them.
Last week, Federal Reserve Chairman Ben Bernanke said the
U.S. central bank was looking into derivatives transactions
that financial firms made with Greece.

London Wanker 12:57 GMT March 3, 2010
euro news????????????

News was that Merkel will not offer assistance at the Friday meeting with Greek PM.

GVI Forex john 12:56 GMT March 3, 2010
euro news????????????

Heard from TTN report that Merkel will NOT be offering German financial aid to Greece at meeting this Friday.

Jerusalem KB 12:50 GMT March 3, 2010
audnzd heading to 1.3165
Reply   
AUDNZD
Entry: Target: Stop:

audnzd heading to 1.3165 (161.8)fib retr.

Hong Kong Qindex 12:50 GMT March 3, 2010
QIndex Trading System

Sell USDCAD
Entry: Target: Stop:

USD/CAD : The current expected trading range from the 3-day cycle chart is 1.0219 - 1.0397. The bias is on the downside when the market is trading below the daily cycle matrix system at 1.0384 - 1.0391 - 1.0394. The mid-point reference between 1.0219 and 1.0337 is 1.0278.



... 1.0189 // 1.0219* - 1.0249 - 1.0278 - 1.0308 - 1.0337* - 1.0367 - [1.0397] ....



The mid-point reference between 1.0219 and 1.0574 is 1.0397.

Singapore PW 12:47 GMT March 3, 2010
euro news????????????
Reply   
news on euro just now?

Hong Kong Qindex 12:47 GMT March 3, 2010
QIndex Trading System

Sell USDCAD
Entry: Target: Stop:

USD/CAD : The current expected trading range from the 3-day cycle chart is 1.0219 - 1.0337. The bias is on the downside when the market is trading below the daily cycle matrix system at 1.0384 - 1.0391 - 1.0394. The mid-point reference between 1.0219 and 1.0337 is 1.0278.

GVI Forex Jay 12:38 GMT March 3, 2010
euro
Reply   


As posted on GVI Forex

GVI Forex Jay 11:43 GMT March 3, 2010
euro: Reply
4 hour chart. Note 100 period mva. 2nd time being tested above, see if break above holds.

-------------------------------------------------------

GVI Forex Jay 11:17 GMT March 3, 2010
euro: Reply
Of two minds today:

1) Market moving as suggested but not far enough as yet for an outside week. The next test will come from the Greek bond issue and while I have no clue what could be done covertly, I would suspect something to insure a decent reception. This would be euro supportive.

2) Reaction (or lack of) to Greek plans underlines skepticism and an event that has been largely discounted. If the euro cannot gain on this news, then its downside will remain suspect.

This could lead to a consolidation day with key events (ECB meeting, US jobs, Greek boind issue?) looming in the days to follow. A firm break of 1.3683-91 would alter that view.

Hong Kong Qindex 12:18 GMT March 3, 2010
QIndex Trading System

Sell USDJPY
Entry: Target: Stop:

USD/JPY : The 5-day cycle chart indicates that the current expected trading range is 88.21 - 89.33. The midpoint reference of 89.33 and 88.21 is 88.77. Downside targeting points are 85.95 and 87.08.

GVI Forex Blog 12:15 GMT March 3, 2010 Reply   

FX Thoughts for the day : 03-Mar-2010 - 1213 GMT

Hong Kong Qindex 12:02 GMT March 3, 2010
QIndex Trading System

USDCHF
Entry: Target: Stop:

USD/CHF : The current expected trading range from the 5-day cycle chart is 1.0548 - `.0885. The mid-point reference between 1.0548 and 1.0885 is 1.0716. Projected supporting and resistant point is located at 1.0660 and 1.0773 respectively.

Hong Kong Qindex 12:00 GMT March 3, 2010
QIndex Trading System

ha noi 11:53 GMT - May be not.

ha noi 11:53 GMT March 3, 2010
QIndex Trading System

eu will go up 1.375 today

Hong Kong Qindex 11:49 GMT March 3, 2010
QIndex Trading System

Sell GBPUSD
Entry: Target: Stop:

GBP/USD : The current expected trading range from the 5-day cycle charts is 1.4788 - 1.5074. Supporting barriers are expected at 1.4884 and 1.4979. Resistant points are located at 1.5169 and 1.5264.

Hong Kong Qindex 11:42 GMT March 3, 2010
QIndex Trading System

EURUSD
Entry: Target: Stop:

EUR/USD : The current expected trading range from the 5-day cycle charts is 1.3401 - 1.3664. Supporting barriers are located at 1.3488 and 1.3576. A resistant point is expected at 1.3751.

Haifa ac 11:40 GMT March 3, 2010
Election process = wrong

It has been said that democracy is the worst form of government except all the others that have been tried.
Sir Winston Churchill
British politician (1874 - 1965)

Hong Kong Qindex 11:37 GMT March 3, 2010
QIndex Trading System

EURUSD
Entry: Target: Stop:

EUR/USD : Trading Reference


... 1.3331 // 1.3442 - 1.3635 // 1.3738 ...

Belgrade AS 11:37 GMT March 3, 2010
any view?

i'm net-long gbpusd(from 1,4812) for the first time in my life!
market thinks U.K. will get more loose monetary policy.i think rate will stay the same and no more QE(this is gbp positive)
at the same time all debt-problem countries are saying "everything is fine!"...this is good for "risk" trades(bad for usd and jpy)
that's how i see things:gbp positive(for a while) and usd and jpy negative(for a while)

tokyo rana 11:32 GMT March 3, 2010
any view?

can you tellme what is meaning of that?
With 4 hours MACD crossed above signal line?
best regards,

tokyo rana 11:27 GMT March 3, 2010
any view?

thanx for kind info.
what do you think good news come or bad?
ithink bad news will come only.
what is your view?
best regards,

Belgrade AS 11:23 GMT March 3, 2010
any view?

Rana,BoE/MPC meeting is underway.market will wait for announcement..that's tomorow 12.00h(GMT)
after that,gbp will rock-and-roll!

tokyo rana 11:14 GMT March 3, 2010
any view?
Reply   
GBPJPY
Entry: Target: Stop:

any view comments about gbpjpy gbpusd?
where is going gbp?up or down next?
gbpjpy will make at 124.700 to 131.200?
best regards,

Lahore FM 11:11 GMT March 3, 2010
Trade Ideas

Buy AUDUSD
Entry: 0.9021 Target: open Stop: 0.8940

went long here.

Hong Kong Qindex 11:05 GMT March 3, 2010
QIndex Trading System

Sell USDCHF
Entry: Target: Stop:

USD/CHF : Trading Reference



... 1.0648 // 1.0710 - 1.0762 // 1.0805 ...

GVI Forex Blog 11:04 GMT March 3, 2010 Reply   
The euro rose against the dollar on Wednesday, hitting the day's high as a Greek government source cited details of fresh plans to tackle Greece's debt problems.

FOREX NEWS-Euro rises vs dollar as Greek plan details emerge

Gen dk 11:03 GMT March 3, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

GVI Forex Blog 11:02 GMT March 3, 2010 Reply   
Currencies: The European peripherals continue to be the focus as the official Greek announcement was pending. The EUR/USD moved to test 1.3660 area after a Greek government source stated that the austerity measures totaled €4.8B

European Market Update: Greek austerity measures of €4.8B fails to inspire markets; Russia desires more gold in its reserves

Juffair KaL 10:59 GMT March 3, 2010
Election process = wrong
Reply   
Democracy is Designed wrong (Negative Votes effects)
Many people think that democracy is the the way to go
All agree and myself too
the problem of the design of the unbiased people's "have a saying"
everyone does…and everyone agrees…but kings, idiotic dictators and control freaks
Prove it?..ok
Lets say there are 2 decsisons
A and B
Lets say that 100 votes in small town
and lets say 45 people are for A
and 35 are for B
what is left is 100-45-35=20 did not vote
The reason that they could be that they do not agree with both
But Could disagree with one more then the other (The point)
Lets assume they disagree with A More then B
and willing to vote against A…rather then with B
So a Negative Vote Takes out a positive one (Right of saying)
That will make The for A Votes go down by 20 = 25
and makes B a the decision for all ( The Majority Rule)

The democratic system says
if you do not like it then start your own (Sort of go away)
Lets say I do not want to start a new Party…Maybe not into it…what ever
Remember to go low level of the rights rather then what a system dictates to be the way to go

If I am not allowed the Negative vote then A will always win cause I will not vote for any
if allowed then represents the general thought
think about it and change the numbers around…you'll see it given you do enough scenarios

Geneva ej 10:46 GMT March 3, 2010
EURCHF
Reply   
Buy
Entry: 1.4600 Target: 1.4645? Stop: 1.4580

Worked unexpectedly well yesterday with SNB intervention. More cautious on my entry level now for several days. I don't expect the SNB to appear today.

GVI Forex Blog 10:42 GMT March 3, 2010 Reply   
11:00 GMT- Mar 3 (global-view.com) The announcement of a Greek austerity package today has had a major influence o trading. Reports suggest that the plan will amount to cuts of $4.8bln. The cuts presumably are what are being required from the rest of Europe as the price...

Daily GVI Forex Forex View- ADP and Greece Awaited

GVI Forex john 10:38 GMT March 3, 2010
GVI Forex Trading Support


The Daily Forex View

ADP and Greece Awaited 

11:00 GMT- Mar 3 (global-view.com) The announcement of a Greek austerity package today has had a major influence o trading. Reports suggest that the plan will amount to cuts of $4.8bln. The cuts presumably are what are being required from the rest of Europe as the price...

MORE...

GVI Forex Blog 10:10 GMT March 3, 2010 Reply   
European traders anticipate the publication of the European Central Bank ( ECB ) decision on short term interest rate.

Forexpros Daily Analysis - 03/03/2010

Haifa ac 09:47 GMT March 3, 2010
Am the new to the forum how can i decode

Stick around a while and learn
Impatience is NOT a good trading trait.

Mtl JP 09:39 GMT March 3, 2010
.

Syd 09:05 - crumble ... be at the mercy ...

sounds more like an overdue weanining off cheap money; not just a necessary but a good thing

Bahrain BAH1 09:31 GMT March 3, 2010
UK PMI
Reply   
UK PMI +58.4

Syd 09:05 GMT March 3, 2010
.
Reply   
Greece announcement re new measures due 09:30 GMT – CNBC
Charts: Australian Dollar Heading Higher?
also technical look at the euro.

UK Has a Bigger Debt Problem Than PIIGS?
LINK

UK economy would crumble under Labour, warns Ken Clarke
Britain's economy would be at the "mercy of the bondmarkets" if Labour wins the election, Kenneth Clarke has warned. LINK
The sterling crisis has become a hanging matter LINK

Juffair KaL 09:01 GMT March 3, 2010
3 months hold positions
Reply   
from the trends i got

AUDUSD Buy
audnzd Buy
AUDCHF Buy
EURCAD Sell
EURAUD sell
gbpaud Sell

gbpusd sell 2 months
EURUSD Sell 2 months

Dar es salaam FM 08:39 GMT March 3, 2010
Am the new to the forum how can i decode
Reply   
Or understand msgs sent especially when there are trade ideas to buy and sell

Juffair KaL 08:11 GMT March 3, 2010
not so much risk taking

usdchf buying
D 97.72% 84.13% 69.15% __ 69.15% 84.13% 97.72%

1 1.0899 1.0856 1.0834 __ 1.0685 1.0667 1.0631
2 1.0910 1.0867 1.0845 __ 1.0696 1.0678 1.0642
3 1.0919 1.0876 1.0854 __ 1.0705 1.0687 1.0651
4 1.0929 1.0886 1.0864 __ 1.0715 1.0697 1.0661
5 1.0940 1.0896 1.0874 __ 1.0725 1.0707 1.0671

Juffair KaL 08:05 GMT March 3, 2010
not so much risk taking

more clear
usdcad
D 97.72% 84.13% 69.15% __ 69.15% 84.13% 97.72%

1 1.0504 1.0450 1.0424 __ 1.0254 1.0233 1.0191
2 1.0504 1.0450 1.0423 __ 1.0254 1.0233 1.0191
3 1.0504 1.0451 1.0424 __ 1.0254 1.0233 1.0191
4 1.0505 1.0452 1.0425 __ 1.0255 1.0234 1.0192
5 1.0505 1.0451 1.0424 __ 1.0255 1.0234 1.0192

Juffair KaL 08:02 GMT March 3, 2010
not so much risk taking
Reply   
more on that distributions are random
for example
this pair
on avg
for next 5 days
1.0397 1.0275
1.0397 1.0275
1.0397 1.0275
1.0398 1.0276

but using that as very average
Placing orders is the problem
must use normal distribution

usdcad
D 97.72% 84.13% 69.15% 62.93% ____ 62.93% 69.15% 84.13% 97.72%

1 1.0504 1.0450 1.0424 1.0414 ____ 1.0261 1.0254 1.0233 1.0191
2 1.0504 1.0450 1.0423 1.0414 ____ 1.0261 1.0254 1.0233 1.0191
3 1.0504 1.0451 1.0424 1.0415 ____ 1.0262 1.0254 1.0233 1.0191
4 1.0505 1.0452 1.0425 1.0416 ____ 1.0263 1.0255 1.0234 1.0192
5 1.0505 1.0451 1.0424 1.0415 ____ 1.0262 1.0255 1.0234 1.0192

Brisbane Flip 07:36 GMT March 3, 2010
WSJ: Greece Set to Outline New Austerity Measures today‏

I am sure its the wrong way around??
Surely they are going be making lots of positive announcements because they are issuing debt not the other way around..

Bahrain BAH1 07:24 GMT March 3, 2010
WSJ: Greece Set to Outline New Austerity Measures today‏
Reply   
By COSTAS PARIS
ATHENS—The Greek government is expected to outline Wednesday a new austerity package of about €4 billion ($5.42 billion) in an effort to cut its huge budget deficit by four percentage points this year, government officials said Tuesday.

"The new package will most likely be announced on Wednesday. First there will be a cabinet meeting to seal the measures and an announcement will follow," one official said.

Another official said Greece's debt management agency is preparing a 10-year bond hoping to raise between €3 billion and €5 billion, taking advantage of the expected positive market reaction after the measures are announced.

Petros Christodoulou, head of Greece's debt-management agency, said that Greece "does not have to access the market any time soon and this allows us to access it when conditions are favorable."

But another senior government official said the bond issuance "will be within days of the announcement of the austerity package."

"We need to go to the market very soon with the 10-year note because we risk ending up with no money." he said, adding that the bond "was originally planned for last week."

Greek Prime Minister George Papandreou said the country must be able to borrow money on terms similar to those given other European Union nations or the results will be "something worse than catastrophic," according to the Associated Press.

"We are borrowing from international markets that simply do not believe us," Mr. Papandreou told his Socialist party deputies in Parliament, the AP reported.

Separately, Greece's civil servants union ADEDY said it would stage a 24-hour strike on March 16 to protest the new measures.

"The civil servants, which are the lowest paid in Greece, are paying the price for this crisis. Enough is enough," ADEDY President Spyros Papaspyros said.

Greece is under intense pressure from the European Union and financial markets to bring down its budget gap, which hit an estimated 12.7% of gross domestic product last year, more than four times the limit set by the EU. The Socialist government has pledged to cut that deficit to 8.7% of GDP this year, and below the EU's 3% limit by 2012.

To meet those goals, the government outlined in January a series of spending cuts and tax increases that it said would result in some €8 billion to €10 billion in savings and additional revenue.

So far, those measures include a freeze on civil service wages, cutting public-sector entitlements by 10% on average, a fuel tax increase, as well as closing dozens of tax loopholes for certain professions—including some civil servants—who now pay less than their fair share in taxes.

But Greece's European partners are unconvinced. Since the EU issued its rhetorical support for Greece Feb. 12, EU members like Germany and France, as well as others, have demanded that Greece take further steps to close its budget gap before they would commit to any specific financial support for the country.

According to the first official, the new package is likely to include an increase in the current value-added tax rate of 19% by two percentage points, more cuts in civil service entitlements, a freeze in pensions and higher duties on luxury items, like boats and expensive cars.

The EU has also asked Athens to cut one of two extra months of pay that public-sector workers now get over and above their normal 12-month salary—a move the government is resisting.

The new bond deal is widely seen as a test of the Greek government's ability to raise money in capital markets to finance its operations and retire old debt. A successful bond sale will demonstrate that the market believes either that Greece can fix its fiscal problems or that Europe will come up with an effective bailout to solve short-term worries.

Greece needs to borrow €54 billion this year and has so far raised about€14 billion. It wants its EU partners, especially Germany and France, to ask state banks to buy Greek debt.

Athens has to pay about €22 billion in bond maturities in April and May.

Syd 07:20 GMT March 3, 2010
Report On S&P And Greece Lifts EUR/USD-Trader
Reply   
EUR/USD touches intraday high of 1.3655 on EBS, partly as players including U.S., Europe model funds buy on Reuters' report saying S&P less pessimistic than market on Greece, says trader at major Europe bank. EUR/USD now paring some gains as initial reaction wears off, but "personally I feel the news should have (had) a bigger impact than this" given how aggressively markets have sold EUR on Greek matter in recent months, he says.
AUD/USD could push as high as 0.9170, but needs to break 0.9070 first, says RBS FX strategist Greg Gibbs; "A bit of risk-on mode" will help AUD. Notes market expectations a deal to sort out Greek fiscal mess is nearing will add support to high-yield currencies. Pair very briefly picks up to 0.9062 from 0.9047 on Reuters report quoting David Beers, S&P's global head for sovereign ratings as saying the ratings agency was "less pessimistic" on Greece than financial markets; not much more detail in report. Pair's pulled back since, last at 0.9048.

Juffair KaL 07:18 GMT March 3, 2010
what the eurusd can not do

cable
1 1.5150 1.5093 ____ 1.4806 1.4740
2 1.5135 1.5077 ____ 1.4791 1.4725
3 1.5122 1.5065 ____ 1.4778 1.4712
4 1.5107 1.5049 ____ 1.4763 1.4697
5 1.5094 1.5036 ____ 1.4750 1.4684

better start selling
heheh

Juffair KaL 07:13 GMT March 3, 2010
what the eurusd can not do
Reply   
the left is what it can not do
from 82% to 95% Confidence
the right is the same but the the bottom
for the next 5 trade days
if you can wait on it...it's south for sure

1 1.3747 1.3703 ____ 1.3475 1.3421
2 1.3724 1.3680 ____ 1.3452 1.3398
3 1.3703 1.3659 ____ 1.3431 1.3377
4 1.3681 1.3637 ____ 1.3409 1.3355
5 1.3659 1.3615 ____ 1.3387 1.3333

Juffair KaL 07:13 GMT March 3, 2010
what the eurusd can not do
Reply   
the left is what it can not do
from 82% to 95% Confidence
the right is the same but the the bottom
for the next 5 trade days
if you can wait on it...it's south for sure

1 1.3747 1.3703 ____ 1.3475 1.3421
2 1.3724 1.3680 ____ 1.3452 1.3398
3 1.3703 1.3659 ____ 1.3431 1.3377
4 1.3681 1.3637 ____ 1.3409 1.3355
5 1.3659 1.3615 ____ 1.3387 1.3333

HK Kevin 06:51 GMT March 3, 2010
GBP/USD

HK [email protected] 05:16 GMT, your views on USD/CAD please. Go long last night at 1.0336, s/l 1.0249

Hong Kong 06:31 GMT March 3, 2010
EUR/USD Intraday signal by AceTrader
Reply   
EURUSD
Entry: Target: Stop:

INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD
EUR/USD: 1.3643

Late Update At 03 Mar 2010 05:48 GMT

Despite euro's 'marginal' gain abv Asian morning
high of 1.3654 after meeting renewed buying earlier
at 1.3616, present retreat fm 1.3655 suggests 'side
ways' trading is likely until European opening b4
extending y'day's rise fm 1.3433 to 1.3660/65.


Would be prudent to exit long n buy again on subse
quent pullback as 1.3580/85 shud hold fm here.




Range Forecast
1.3625 / 1.3650


Resistance/Support
R: 1.3655/1.3683/1.3693
S: 1.3607/1.3580/1.3561

http://www.acetraderfx.com

warsaw TOMi 06:28 GMT March 3, 2010
GBP/USD

1st target 1.4264

ha noi 06:13 GMT March 3, 2010
GBP/USD

Buy EURUSD
Entry: Target: Stop:

eu go up 1.388, i'm sory gu 1.388

hk nt 06:09 GMT March 3, 2010
GBP/USD

most newsgroups are talking demise of EURO and target 1.0-1.1

makassar alimin 06:00 GMT March 3, 2010
GBP/USD

[email protected], what is your time frame for gbpusd to hit 1.3750 level from here?

ha noi 05:50 GMT March 3, 2010
GBP/USD

today or tomorow eu go up 1.388

HK [email protected] 05:16 GMT March 3, 2010
GBP/USD
Reply   
GBP looks like aiming at around 1.3750, a rare opportunity to make a lifetime profit if materializes.

Hong Kong Qindex 04:47 GMT March 3, 2010
QIndex Trading System

USDCAD
Entry: Target: Stop:

USD/CAD : Trading Reference


... 1.0118 // 1.0312 - 1.0452 // 1.0515 ...

Syd 04:40 GMT March 3, 2010
DJ IMF Portugal: Emerging Economies Will Need To Withdraw Stimulus Quicker Than Advanced
Reply   
SYDNEY (Dow Jones)--International Monetary Fund Deputy Managing Director Murilo Portugal said Wednesday that emerging nations, especially in Asia, will need to withdraw stimulus faster than advanced economies in order to contain inflation and avoid an asset bubble.

"In emerging market economies in Asia, the outlook gaps are closing faster," he said in a speech at the University of New South Wales Australian School for Business.

"This means the withdrawal from stimulus will have to be earlier than elsewhere to avoid risk of inflation pressures or bubbles."

The global economic recovery remains mixed, while China should grow at the 10% forecast by the Fund, Portugal said.

Australia should continue to benefit from demand from China and grow at 3.0% next year, he said.

"In the medium term Australia will continue to (benefit) from China's large fiscal stimulus and its demand for commodities," he said.

Syd 04:15 GMT March 3, 2010
ECB Said to Discuss Lending Covered Bonds to Banks for Fee
Reply   
LINK

Aussie Short-Term Bonds to Slide as RBA Just Starting, ING Says LINK
Dollar Falls for Second Day on Bets Fed to Keep Rates Near Zero LINK

Springdale, Arkansas BDH 03:44 GMT March 3, 2010
Long GBP/CHF

Sell GBPCHF
Entry: Target: Stop:

Closing for a 15 pip loss.

GVI Forex Blog 03:44 GMT March 3, 2010 Reply   

Morning Briefing : 03-Mar-2010 - 0340 GMT

Hong Kong Qindex 03:36 GMT March 3, 2010
QIndex Trading System

Sell GBPUSD
Entry: Target: Stop:

GBP/USD : Trading Reference


... 1.4693 // 1.4788 - 1.4884* - 1.4979 - 1.5026 - 1.5074* // 1.5121 - 1.5169 ...

Hong Kong Qindex 03:30 GMT March 3, 2010
QIndex Trading System

Sell GBPUSD
Entry: Target: Stop:

GBP/USD : Bias is on the downside when the market is below 1.5112.

Las Vegas T.J. 03:26 GMT March 3, 2010
EUR USD
Reply   
The EURUSD formed another bullish pin bar setup today after what was a rather volatile forex trading session. You can see in the chart below the rectangle is highlighting the lower shadows of 4 pin bar candlestick patterns that have formed off of 1.3450 support in this market over recent trading days.

These types of price action setups off of support areas during downtrends are indicative of possible counter trend momentum building. There is likely to be correction from here at least up to resistance near 1.3800 before the downtrend resumes.

Hong Kong Qindex 03:26 GMT March 3, 2010
QIndex Trading System

Sell
Entry: Target: Stop:

GBP/AUD : It is working on the barrier at 1.6637 // 1.6681.

Hong Kong Qindex 03:17 GMT March 3, 2010
QIndex Trading System

Sell GBPUSD
Entry: Target: Stop:

GBP/USD : The market is now working on the barrier at 1.5074 - 1.5080.

Springdale, Arkansas BDH 01:59 GMT March 3, 2010
Long GBP/CHF
Reply   
Buy GBPCHF
Entry: 1.6166 Target: 1.6190 Stop: 1.6117

for a short scalp.

Hong Kong Qindex 01:49 GMT March 3, 2010
QIndex Trading System

Sell USDCAD
Entry: Target: Stop:

sofia kaprikorn 22:44 GMT : USD/CAD : We should see some support around 0.9978. In a longer time frame the market will tackle 0.9460 and the downside targeting range for the next 6 months is 0.8956 - 0.9020.

Syd 01:18 GMT March 3, 2010
DJ AUD/USD Could Rise To 0.91 On Hike View - Dealer
Reply   
AUD/USD could rise to as high as 0.9100 as "the Australian dollar maintains a trend of trying upside actively due to more rate-hike speculation," says Masanobu Ishikawa, general manager at Tokyo Forex & Ueda Harlow; AUD/USD briefly rises to 0.9066 after 4Q GDP released earlier confirms strength of country's economic recovery (+0.9% on quarter, matching consensus). Notes USD/JPY also weakens a tad, with pair continuing to be biased downward on receding Fed rate hike view

LA BV 01:09 GMT March 3, 2010
eurchf
Reply   
I am still long eurchf at 1.4628, tightened stop.

Did any news just come out of was it just profit taking in eur and gbp?

Hong Kong 00:51 GMT March 3, 2010
Daily Market Outlook by AceTrader
Reply   
Market Review - 02/03/2010 22:50GMT

Euro rebounds from 10-Month low as Greece to set new deficit cuts


http://www.acetraderfx.com
The single currency rebounded strongly from a 9-1/2-month low against the dollar on Tuesday as investors awaited new plans to relief Greece's debt crisis and some types of help from the European Union.

The euro extended Monday's fall and remained under pressure in Asia before tumbling to an intra-day low of 1.3433 in European morning (lowest since May 2009) after Greece's biggest public union called for a 24-hour strike on March 16 to protest expected austerity measures from Athens. However, the single currency rebounded sharply from there after the Greek government stated it will announce new deficit cuts on Wednesday, heating up speculation that a solution to its debt crisis may be approaching its end. The pair rose to an intra-day high of 1.3622 in NY afternoon before stabilizing. Euro closed the day up slightly over 0.3%.

Versus the yen, dollar rebounded briefly to 89.38 in Asia but resumed its recent decline afterwards. The pair picked up more downward momentum in NY on return of risk aversion and tumbled to last month's low of 88.55 in NY afternoon before rebound.

Both RBA and BOC announced their rate decisions on Tuesday. Both acted as expected as RBA lifted rates by 0.25% to 4.00% from 3.75% while BOC kept the rate unchanged but signaled possible rate increases in coming months. Australian dollar rose against the greenback in tandem with Canadian dollar, closing the day up over 0.27% and 0.46% respectively.

Data to be released on Wednesday include Australia GDP, Germany PMI service, U.K. PMI service, Nationwide Consumer Confidence, EU PMI service, Retail sales, U.S. ADP employment, ISM non-manufacturing, Beige Book on Wednesday.

GVI Forex Blog 00:40 GMT March 3, 2010 Reply   

April Gold Surges to Major 50% Level

Syd 00:31 GMT March 3, 2010
Australian 3Q GDP Revised To +0.3% On Qtr From +0.2%
Reply   
Australian 3Q GDP Revised To +0.3% On Qtr From +0.2%

Syd 00:30 GMT March 3, 2010
FX
Reply   
WSJ: US Probes Bearish Euro Bets - Sources
The Justice Department has launched an investigation into whether hedge funds might have banded together to drive down the value of the euro, people familiar with the matter say.

Australian 4Q GDP +2.7% On Yr Vs +2.4% Consensus
Australian 4Q GDP +0.9% On Qtr Vs +0.9% Consensus

 




Actionable trading levels delivered LIVE to YOUR charts

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 27 May 2019
AAGB/US- Holiday
Tue 28 May 2019
A 14:00 US- Consumer Confidence
C 13:00 US- Case-Shiller
Wed 29 May 2019
A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
A 12:30 US- Weekly Jobless
Fri 31 Mar 2019
AA 10:00 EZ- Flash HICP
A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan


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Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools

 
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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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