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Forex Forum Archive for 03/05/2010

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


GVI Forex Blog 22:30 GMT March 5, 2010 Reply   
The Canadian dollar faded from six-week highs on Friday but finished a whisper stronger on rising oil prices and a flow out of the safe-haven greenback after better-than-expected U.S. jobs data.

Forex Market News - CANADA FX DEBT-C$ ends higher, fades from 6-wk high

GVI Forex Blog 21:34 GMT March 5, 2010 Reply   
EUR higher; no German money for Greece yet Weber: EUR will remain strong BoJ: easing ahead?

Forex Market Commentary and Analysis (5 March 2010)

GVI Forex Blog 21:30 GMT March 5, 2010 Reply   
The dollar soared against the yen on Friday after a government report showed U.S. employers cut fewer jobs than expected last month, boosting hopes a U.S. economic recovery was still on track.

FOREX NEWS-Dollar rises vs yen as US jobs data boosts optimism

GVI Forex john 21:14 GMT March 5, 2010
CFTC COT Report
Reply   
NEW YORK, March 5 (Reuters) - Currency speculators cut by
more than half their long bets on the U.S. dollar in the latest
week, according to Commodity Futures Trading Commission data released on Friday.

The value of the dollar's net long position fell to $5.58
billion in the week ended March 2, down from $12.77 billion in
the prior week.

The Reuters calculation for the aggregate U.S. dollar
position is derived from the net positions of International
Monetary Market speculators in the yen, euro, British pound,
Swiss franc, Canadian and Australian dollars.

Speculators trimmed their short bets on the euro, which
fell to 66,770 contracts, from a record high of 71,623 in the
prior week.

Speculators also boosted their bets against sterling to its
highest level since at least January 1999, or 67,549 contracts, according to Reuters data. Long yen positions rose sharply to 32,552 contracts from 1,717 contracts a week earlier.

To be short a currency is to bet it will decrease in value,
while being long a currency is a bet that its value will rise.

Mtl JP 20:50 GMT March 5, 2010
US Debt to GDP 130 %

PAR here is a potential profit opportunity in the making:

almost to the year China ‘Worried’ About Safety of U.S. Treasuries

The Chinese premier Wen Jiabao expressed concern on Friday about China’s $1 trillion investment in U.S. government debt.
- Mtl JP 12:58 March 13, 2009

To heck with the house, I need that credit card
More consumers are choosing to pay credit cards rather than their mortgage


CHICAGO (MarketWatch) -- U.S. consumers are starting to look like a frugal, debt-fearing lot as they pay down billions of dollars in credit-card obligations. But an alarming trend is emerging: A small but growing number of people are skipping mortgage payments in favor of paying their credit-card bills.. .. ...While the numbers are small, the trend is disturbing, said Mark Greene, chief executive of FICO. "We're identifying lending-industry situations in FICO Score Trends that, to our knowledge, have never been seen before," he said in the report. "Economic stability is creating unknown risk in lenders' credit portfolios as well as counter-intuitive trends in consumer behavior."

Make sure Wen Jiabao hears about it.

HK c 20:48 GMT March 5, 2010
Resting Order

Took back my EURAUD short @ 1.5000.

GVI Forex Blog 20:46 GMT March 5, 2010 Reply   
Liquidity Traps turn monetary policy into “pushing on a string” which much of the last 2 years demonstrated (in this case MP was effective in driving risk asset prices up, not creating credit which is the main function of monetary policy and the transmission mechanism).

Monetary Policy Pulling on a String

London CB 20:44 GMT March 5, 2010
UK Election opinion polls
Reply   
Buy GBPUSD
Entry: Target: Stop:

The Tories seem to be creeping ahead, according to this report http://ukpollingreport.co.uk/blog, worthwhile checking this site over the weekend, any change in the polls is likely to move the pound sharply next week. And over here, before an election we get poll after poll in the weekend papers.

Nice weekend everybody, been a nice week.

London CB 20:40 GMT March 5, 2010
SNB anybody's thoughts
Reply   
Buy EURCHF
Entry: Target: Stop:

will they won't they?

Sutherland Michael 20:33 GMT March 5, 2010
Risk returning
Reply   
Buy AUDUSD
Entry: .9080 Target: open Stop: .9020

In my very humble opinion I am expecting big news over the weekend that will be risk positive. I.e. a Greece bailout announcement.

Selling US, buying AUD and EURO just before close.

AUD seems the better choice in my most humble opinion.

sofia kaprikorn 20:26 GMT March 5, 2010
volatility break

sofia kaprikorn 09:59 GMT March 4, 2010
volatility break: Reply
short EUR/GBP 0.9060 / stop 0.9088
_______________________________

closed here at 0.8990

GVI Forex Blog 20:23 GMT March 5, 2010 Reply   

Stocks Soar; Better Jobs Report Drives Up Demand for Higher Risk

GVI Forex Blog 20:23 GMT March 5, 2010 Reply   

Dollar Trading Lower against Most Majors

Tonbridge AL 20:16 GMT March 5, 2010
Videos

nightmare gremlins lets try again
the videos just for today can be accessed via the links
EurUsd

GbpUsd

Tonbridge AL 20:13 GMT March 5, 2010
Videos

jj the links should read eurusd and gbpusd respectively

Tonbridge AL 20:11 GMT March 5, 2010
Videos

jj thx for the heads up. Its an issue that needs resolving so heres alternative links for today
GbpUsd

GbpUsd

GVI Forex Blog 19:58 GMT March 5, 2010 Reply   
We see that the USD/CHF pair has been in sideways action since the beginning of February. There is a “rounded-top” type dynamic in this consolidation, so there is still a chance the market...

FXTimes: Daily Technical Update USD/CHF Stalking Consolidation

Mtl JP 19:49 GMT March 5, 2010
US Debt to GDP 130 %

IF everybody is doing it... then it is the standard and there is no problem.

PAR 19:33 GMT March 5, 2010
US Debt to GDP 130 %

Everybody is doing a lot of window dressing with the figures.
Statistics are like bikinis , they show a lot but not the essentials . Have a nice weekend ;

lkwd jj 19:31 GMT March 5, 2010
Videos

al videos . their both on euro. tech issue?

Gen dk 19:29 GMT March 5, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Syd 19:13 GMT March 5, 2010
US: Rep Frank’s statement
Reply   
http://www.house.gov/apps/list/press/financialsvcs_dem/pr_030510.shtml

GVI Forex Blog 19:11 GMT March 5, 2010 Reply   
21:00 GMT- Mar 5 (global-view.com) Recently we have been focusing a lot on the impact on open interest (existing positions) on forex trading. It is our view that these are one of the most powerful influences on trading...

Daily GVI Forex Forex View- Weekly-- Focus on Open Interest

GVI Forex john 19:07 GMT March 5, 2010
GVI Forex Trading Support


The Daily Forex View

Weekly-- Focus on Open Interest

21:00 GMT- Mar 5 (global-view.com) Recently we have been focusing a lot on the impact on open interest (existing positions) on forex trading. It is our view that these are one of the most powerful influences on trading...

MORE...

Tonbridge AL 19:04 GMT March 5, 2010
Videos
Reply   
Click on the Friday's link on the video homepage for each video to view next week's setup.

EUR/USD Video
GBP/USD Video

Amman wfakhoury 19:03 GMT March 5, 2010
gbpusd buy suggestion
Reply   
Amman wfakhoury 13:23 GMT March 5, 2010
gbpusd buy suggestion: Reply
buy limit around 15020-30 tp 15150 sl15000
or buy stop around 15075 tp 15150. sl 15050
-------
price still in strong uptrend and 15200 could be reach.

Mtl JP 19:01 GMT March 5, 2010
US Debt to GDP 130 %

PAR is that a warning of a lesson to be drawn from lending money to governments ?

Amman wfakhoury 18:54 GMT March 5, 2010
NFP data
Reply   
Thks jj ...the price was into consilidation area 15070-15000
before data ,breaking one level with close of 1 hr bar will determine the direction of the price ,I also predict the price will be mostly go up.

lkwd jj 18:47 GMT March 5, 2010
NFP data

i missed the below 150 on hourly close part. my apologies.

Amman wfakhoury 18:46 GMT March 5, 2010
NFP data
Reply   
Hesham Cairo 17:43 GMT March 5, 2010
NFP data: Reply
To jj: I agree to what u said. We need one expectation not multi-expectations

--------
I gave you one choice , to buy only ...and to use 15000 for
stop loss ...or to sell if the candle 1h close below 15000
see the signal pls.

USA ZEUS 18:42 GMT March 5, 2010
Fiat...Paper or Plastic?
Reply   
Ottawa, Canada - On Thursday, Prime Minister Stephen Harper’s minority Conservative government announced in its budget that its paper currency will go plastic by late next year, according to the Globe and Mail. The plastic notes will also contain high security features to ensure that the $10 and $20 bills last longer.

Syd 18:39 GMT March 5, 2010
Rep Frank Questions Safety Of Fannie, Freddie -Report
Reply   
Rep. Frank questions safety of Fannie Mae, Freddie Mac investments
An influential voice on Capitol Hill has unexpectedly called into question the safety of investing in Fannie Mae and Freddie Mac, raising the specter that investors who have lent money to the two firms or bought their mortgage-backed securities could one day suffer losses.

http://www.washingtonpost.com/wp-dyn/content/article/2010/03/05/AR20100
30501764.html?hpid=topnews

Belgrade AS 18:24 GMT March 5, 2010
Friday Live

yes Zeus it's been fun after all....gotta go now
time for "blues,boose & tatoos" kind of life now...
see ya all on monday!

jerusalem kb 18:21 GMT March 5, 2010
looking for 0.8920

stopped with 25pips- in the 2nd half which make profit = 20pips+ (lol)
actually i was in profit in 3 trades and i stopped at breakeven in all.
from next week i will use 1.0.7(if my target 100pips i will close half t 50pips and move stop to breakevn)
1:1 and 1:2 too
i will place risk reward in all my calls unless market show some direction.

lkwd jj 18:05 GMT March 5, 2010
NFP data

i dont mean to be rough but i almost covered my gbp longs under 150, take it for what its worth...opinions are like butts. we all have em ,some bigger than others!!!

Belgrade AS 18:01 GMT March 5, 2010
NFP data

lkwd jj 17:56 , have a heart man...he saved my behind few days ago....i mean his 1,52 to 1,53 "for sure" cals...and then 1,51 to 1,5250 (for sure) next day.....i owe him a beer(figuratly,of course)

lkwd jj 17:56 GMT March 5, 2010
NFP data

sounds more like shesh-besh than fx, eh?

USA ZEUS 17:46 GMT March 5, 2010
Friday Live

Back and forth and back....Let the good times roll!

Belgrade AS 17:46 GMT March 5, 2010
gbpusd-diamond top?



updates for long-term sell cable game :
3xstandard size protection goes out @1,5200
5xstandard size net-long position also goes [email protected],5200
if/when this happens,another 2600 pip cumulative profit is locked-in to this "diamont-top" game
...some of you will notice i have removed 1,46 loose target marker...this is because loose(conservative) intrayear target is around 1,37 now!!!!
next major sell-off zone is between 10-daySMA and 20-daySMA-counted on "euro midnights"(daily close) presently they are 1,5200 and 1,5416 respectively(and nosediving...as days go by)

Hesham Cairo 17:43 GMT March 5, 2010
NFP data

To jj: I agree to what u said. We need one expectation not multi-expectations

lkwd jj 17:29 GMT March 5, 2010
NFP data

operative words - keeping below/keeping above. how long is keeping as we went below 1.50.

PAR 17:20 GMT March 5, 2010
US Debt to GDP 130 %
Reply   
Republicans Pushing To Count GSE Debt Toward Statutory Debt Limit May Be Surprised To Find Real Debt-To-GDP Ratio Is 130%, And That Greece Is Amateur Hour


A new proposal by House Republicans, lead by Rep. Scott Garrett (R., N.J.), is seeking to address changes to Fannie and Freddie accounting, along the lines of what has been previously proposed by Zero Hedge, and to not only include the GSE's losses as part of the Federal budget, but to also count the debt from the two mortgage zombies toward the nation's total statutory debt limit. As we stated previously, it is only semantics at this point which distinguish the GSE obligations from other Treasury obligations. Yet it is not just us, but the administration's very own Peter Orzsag who was pushing for consolidated GSE accounting two years ago. Yet with GSE debt most recently at $6.3 trillion, or about half of the existing Treasury debt, this would mean total US debt would not only explode by 50% overnight, but the recently increased debt ceiling would be immediately breached and America would find itself in technical default (where it really is right now for all technical purposes).

Amman wfakhoury 17:14 GMT March 5, 2010
NFP data
Reply   
Amman wfakhoury 13:17 GMT March 5, 2010
NFP data: Reply
gbpusd mostly will rise till 15150-15200 with possiblity to decline till level 15030-20 confirmed by breaking level 15070 and keeping above it.
in all cases breaking level 15000 and keeping below it mean 14900-14850 will be sen.
----------
as I said mostly it will rise till 15150-200...15075 broken and 15150 reached.

Belgrade AS 16:59 GMT March 5, 2010
best part is still to come!!!

i know mate...it's hard-core logic (not enthusiasm) that make me an owner of 3xshort cable from1,57...5x standard size net long trade(cable)from1,48...long eurusd(since yesterday)...short nzdusd from February 11.(0,7000).....and there are some rudiments of usdcad long positioning i plan to fight for now....
prudence is my middle name,mate!
thanks..i understand your best wishes!

Mtl JP 16:48 GMT March 5, 2010
best part is still to come!!!

AS prudence probably better than enthusiasm brother in this sordid moneywhore business.

100dma at 8917 probably good magnetforce, possible party rendez-vous at 8822 if it gets breached.

Belgrade AS 16:42 GMT March 5, 2010
best part is still to come!!!
Reply   


Buy EURGBP
Entry: 0,8970 Target: 0,94/0,96 Stop: at your discretion

it's gonna get real good now!(eur/usd,jpy)

Hong Kong Qindex 16:41 GMT March 5, 2010
QIndex Trading System

Sell GBPUSD
Entry: Target: Stop:

GBP/USD : A projected resistant range has been established at 1.5189 - 1.5192.

GVI Forex Blog 16:32 GMT March 5, 2010 Reply   
The incremental improvements seen in this morning's US employment reports are sharpening risk appetite and sending US equity markets higher in early trading.

Forex Blog - US Market Update (Trade the News)

GVI Forex Blog 16:28 GMT March 5, 2010 Reply   
Mar 5 (global-view.com) UPCOMING DATA HIGHLIGHTS: On Monday, the Japanese current account data will be released. In Europe, Swiss unemployment and retail sales are slated. In North America, no key releases are on the calendar.

GVI Forex- Data Outlook for March 8, 2010

Richland QC Mailman 16:26 GMT March 5, 2010
sel gbpjpy

Sell GBPJPY
Entry: 137 Target: Stop: 137.30

Sold

GVI Forex john 16:24 GMT March 5, 2010
GVI Forex Trading Support

Mar 5 (global-view.com) UPCOMING DATA HIGHLIGHTS: On Monday, the Japanese current account data will be released. In Europe, Swiss unemployment and retail sales are slated. In North America, no key releases are on the calendar.

 

 

SUNDAY

 

 

23:50

JA

Jan Cur Acct

n/a

452.80%

 

 

MONDAY

 

 

6:45

CH

Feb Unemploy

4.40%

4.50%

8:15

CH

Jan Ret Sls yy

n/a

4.70%

 

GVI Forex Blog 16:22 GMT March 5, 2010 Reply   
Price action on EUR/USD, a daily chart of which is shown, continues to languish in consolidation despite a false upside breakout above the top (around 1.3700) of the current short-term trading range

Chart of the Day - 3/05/2010 – EUR/USD

Lahore FM 16:09 GMT March 5, 2010
Trade Ideas

Sell GBPUSD
Entry: 1.5060 limit sell Target: Stop: stopped 1.5095 bid

Lahore FM 12:52 GMT March 5, 2010
Trade Ideas: Reply
Sell GBPUSD
Entry: 1.5060 limit sell Target: Stop: 1.5096 bid stop

orders in.
--
short stopped out for minus 38.

Lahore FM 16:06 GMT March 5, 2010
Trade Ideas

Buy OTHER
Entry: correction 83.93* Target: 114.40 Stop: 85.90

correction*

entry reads 83.93

Lahore FM 16:04 GMT March 5, 2010
Trade Ideas

Buy OTHER
Entry: 93.93 Target: 114.40 Stop: sl amend

03/01/2010 13:34:53 FM Lahore 32
02/25/2010 13:36:51 FM Lahore 21

Buy OTHER
Entry: 83.94 Target: Stop: 83.20
long cadjpy final position 83.94,stops for this one only at 83.20
--
half out 84.94 for 100+,stops to entry.
--
sl raised to 85.90.

Richland QC Mailman 16:01 GMT March 5, 2010
Usd/Yen - Bull Bullish but Profit Taken
Reply   
Richland QC Mailman 14:19 GMT March 4, 2010
usd/yen - any news?: Reply
Buy USDJPY
Entry: 88.80/90 Target: open Stop: 88.40

Based on technical picture, we are witnessing a reversal now, if not a beginning of strong upmove... For usd/yen bears, beware...
----------------------------------------------------------

closed all usd/yen longs ahead of 90.50 (near 61.8% fibo)

Belgrade AS 15:58 GMT March 5, 2010
GVI Forex Trading Support

snow....i know....back in time(25 years ago) i was a 14 year old kid whose father got a job as a president of some company(or something...couldn't care less at the time) in NYC...it was so sick (to me) that NOTHING works on days when it snows...not even kids go to school that day!....25 years later,intimately still loving those people(ordinery ones!!!!), i still ask myself "what the wfak is wrong with them?"...50cm of snow...c'mon,men!

Lahore FM 15:55 GMT March 5, 2010
Trade Ideas

Sell EURUSD
Entry: Target: Stop: sl amend

stop to 1.3622 for 1.3613 sell from 1.3665 earlier.

GVI Forex Blog 15:50 GMT March 5, 2010 Reply   
The situation in Greece has eased somewhat. Despite the ongoing strikes, the Greek government this week unveiled plans for additional austerity measures which go even further than those demanded by the EU.

FX Briefing - Greece: cautious relief

nyc ws 15:39 GMT March 5, 2010
GVI Forex Trading Support

The bets were orders below the market hoping for a weather reloated NFP that never materialized. Since then it has been risk ahoy.

Belgrade AS 15:36 GMT March 5, 2010
GVI Forex Trading Support

London HC 15:29 , true!...now imagine "this day" without the "beautifull suprise"(my logic tells me not even imbeciles placed any bets on "beautifull suprises"-outcome)
meaning what?....time to ride the "risk-on" wave,right?
with respect

Lahore FM 15:33 GMT March 5, 2010
Trade Ideas

Sell EURUSD
Entry: 1.3614 Target: Stop: 1.3665

sold now.target open.

Chicago ETP 15:30 GMT March 5, 2010
Weekly Clustering Of Closes
Reply   
Buy EURUSD
Entry: Target: Stop:

Friday 5 March 2010

Euro weekly has had a clustering of closes for the past five weeks. That is an indication of a struggle between forces of supply and demand, or buyers v sellers. It can often mark a turning point, [not necessarily trend ending], and, in this instance, a counter-trend rally.

That this kind of activity is occurring after a 1700 pip decline gives the potential turning point greater validity. Plus, a strong rally ensued from the 134.70 area, starting last May 2009.

London HC 15:29 GMT March 5, 2010
GVI Forex Trading Support

As as I said earlier, this is day about risk as seen by jpy selling vs everything. There has been very little in the way of retracements to get on board.

GVI Forex Blog 15:29 GMT March 5, 2010 Reply   

Stocks Trading Mixed Ahead of Weekly Jobless Claims

GVI Forex Blog 15:28 GMT March 5, 2010 Reply   

Dollar Mixed on Light Trading Ahead of U.S. Non-Farm Payrolls

Belgrade AS 15:16 GMT March 5, 2010
GVI Forex Trading Support

well,well...that was a beautifull suprise for both usd and u.s. economy.my monky plan failed(i was focused on eur,gbp/usd and pro-risk cancelled out usd positive so they just stood still basicly)

GVI Forex Jay 14:49 GMT March 5, 2010
GVI Forex Trading Support

1.35855 is mid-point of 1.3435-1.3736

Amsterdam Purk 14:39 GMT March 5, 2010
GVI Forex Trading Support

Interesting day in e/u. 13570 is 170 away from the high 13740ish and 130 away from the low 1343o ish.
Lets see which side it goes, no clue but i will be there as top picker bottom cruiser to pick up the crumbs...
i prefer 134 ish. Later this year usd will be crushed.

London HC 14:31 GMT March 5, 2010
GVI Forex Trading Support

Mailman This has been more of a risk trade day than a US dollar day

Richland QC Mailman 14:17 GMT March 5, 2010
GVI Forex Trading Support

sO time buy the greenback when the dust settles?

GVI Forex Jay 14:11 GMT March 5, 2010
USD/JPY



Note 5 minute chart. Hope is for some backing and filling but no chance to trade on the data.

HK Kevin 14:09 GMT March 5, 2010
Sell AUD/JPY

HK Kevin 12:52 GMT March 5, 2010
Sell AUD/JPY: Reply
Limit order filled earlier at 80.75. Stop at 81.11
Stop out for -36 pips. Easy out but it tell me the importance of a stop for survival.

Lahore FM 14:06 GMT March 5, 2010
Trade Ideas

Sell AUDUSD
Entry: 0.9058 Target: Stop: 0.9095

sold again.earlier stopped for minus 54.

GVI Forex Jay 13:59 GMT March 5, 2010
USD/JPY
Reply   


As posted om GVI Forex

The reaction in USD/JPY was swift and gave no chance to jump on the NFP reaction unless you bought at 90. High so far 90.28

Charts show

90.32-37 = minor resistance
90.66 = 50 day mva
91.60 = trendline
91.99 = 200 day mva
92.14 = key Feb 19 high

Using retracements for 88.15-90.28
89.78 = 23.6%
89.47 = 38.2%

Would need above 91.90 for an outside week, which seems a stretch today but there should be support on dips.

JPY crosses continue to provide offset support elsewhere, especially in commodity currencies as risk trades dominate.

GVI Forex john 13:47 GMT March 5, 2010
GVI Forex Trading Support

Better than expected...


Click on chart for more than 10-yr history

Belgrade AS 13:31 GMT March 5, 2010
Friday Live

here's my plan how to "monky play" NFP:
first move will be impulsive therefore dead wrong!i'll fade it!
before americans open i will turn around...why? because they'll repeat this wrong move(only with much more power then it had 1st time around!!!).deep into NY-i'll turn around for the last time today(fade this monster wrong move).this is when my "monkies" become my "babies".i'll keep my babies for next week!
my existing long-term plays stay unchanged!
best of luck to all!

Amman wfakhoury 13:23 GMT March 5, 2010
gbpusd buy suggestion
Reply   
buy limit around 15020-30 tp 15150 sl15000
or buy stop around 15075 tp 15150. sl 15050.

Wall Street 13:21 GMT March 5, 2010
EURUSD
Reply   
Neutrality 1.3587 volatility range predicted 40-60 pips.

Amman wfakhoury 13:17 GMT March 5, 2010
NFP data
Reply   
gbpusd mostly will rise till 15150-15200 with possiblity to decline till level 15030-20 confirmed by breaking level 15070 and keeping above it.
in all cases breaking level 15000 and keeping below it mean 14900-14850 will be sen.

nyc ws 13:16 GMT March 5, 2010
usdjpy
Reply   
Buy USDJPY
Entry: 88.95 Target: 90.00 Stop: 88.45

Bid for data

Geneva ej 13:11 GMT March 5, 2010
EURCHF
Reply   
Buy EURCHF
Entry: 1.4615 Target: 1.4660? Stop: 1.4590

Maybe we get a dip on the number. SNB often comes in on weakness on a Friday.

perth ss 13:06 GMT March 5, 2010
sel gbpjpy
Reply   
Sell GBPJPY
Entry: 1.3461 Target: 1.3270 Stop: 1.3500

selling pound/yen @1.3461
selling eur @ 1.3610
selling gbp 1.5055
selling eur/cad @ 1.4050
glgt

Amman wfakhoury 13:06 GMT March 5, 2010
NFP Data
Reply   
gbpusd will rise till 15150-15200 if breaks 15070 and kept above it ...with possiblitty to decline till 15030 level.
in all cases breaking 15000 will change the trend and
14900-14850 will be seen.

Lahore FM 12:57 GMT March 5, 2010
Data out?

thanx Ginko,happy trades!

USA ZEUS 12:53 GMT March 5, 2010
Friday Live
Reply   
What a great day for trading.
Let's crush it!!!!

Tokyo Ginko 12:53 GMT March 5, 2010
Data out?

Thank you FM
good trade to u!

Lahore FM 12:52 GMT March 5, 2010
Trade Ideas

Sell GBPUSD
Entry: 1.5060 limit sell Target: Stop: 1.5096 bid stop

orders in.

HK Kevin 12:52 GMT March 5, 2010
Sell AUD/JPY
Reply   
Limit order filled earlier at 80.75. Stop at 81.11

GVI Forex john 12:49 GMT March 5, 2010
GVI Forex Trading Support

Data due @ 13:30 GMT

Nonfarm Payroll Employment


Non-Farm Payroll Employment is a monthly estimate of the number of payroll jobs at all nonfarm business establishments and government agencies. Information is also provided on the average number of hours worked per week and average hourly and weekly earnings.

The rate of unemployment is released along with this report.

Impact: Growth of employment and hours worked provide important information about the current and likely future pace of overall economic growth. Trends in average hourly earnings provide information about supply and demand conditions in labor markets, which may provide signals about the overall level of resource utilization in the economy.

Lahore FM 12:45 GMT March 5, 2010
Data out?

Ginko nfp at 1330,in another 45 mins

GVI Forex Jay 12:44 GMT March 5, 2010
mjw, staying power is one of the keys in any time frame trade.

Tokyo Ginko 12:43 GMT March 5, 2010
Data out?
Reply   
Is data out?

ottawa mjw 12:41 GMT March 5, 2010
jay, Read this quote in local newspaper last night , just after pulling my long usd/yen trade for brake even. " frequently, the
difference between success and failure is the resolve to stick to your plan long enough to win. ''

London ex 12:40 GMT March 5, 2010
$/yen
Reply   
Buy USDJPY
Entry: 89.00 Target: 91.00 Stop: 88.60

Not nearly aggressive enough in my bid yesterday. I'm confident now the BOJ will be protecting the downside. Maybe we get a $/yen dip on the jobs #.

HK c 12:35 GMT March 5, 2010
Resting Order

Sell EURAUD
Entry: Target: Stop:

I was fortunate to get filled in my sale much earlier. Adjusting t/p levels. Will take 1/2 at 1.5000 and play the other half by ear.

GVI Forex Blog 12:25 GMT March 5, 2010 Reply   
Swiss traded in a range of 1.0751-80 in the...

FX Thoughts for the day : 05-Mar-2010 - 1224 GMT

GVI Forex Blog 12:06 GMT March 5, 2010 Reply   
When I first started out in forex trading many years ago, an experienced trader took me aside and gave me some advice. The advice was to look for a pattern and repeat the same trading strategy each day until it stops working.

Forex Trading Patterns: Repeat Trades (by Jay Meisler)

GVI Forex Blog 11:34 GMT March 5, 2010 Reply   
The euro edged up against the dollar on Friday in subdued trade as the market awaited key U.S. jobs data, while the yen dipped on a report the Bank of Japan could consider further monetary easing st

FOREX NEWS - Euro edges up vs dollar; U.S. jobs data awaited

London Misha 11:10 GMT March 5, 2010
Observations
Reply   
EURUSD - Two Day Reversal Down on the Daily Chart. Possible Dead Cross of the Medium MA down through the Long MA.
USDJPY - Key Reversal Up on the Daily Chart!
GBPUSD - Bearish Tweezer Top on the Daily Chart!
USDCHF - Two Day Reversal Up on the Daily Chart!
EURGBP - Two Black Crows on the Daily Chart. Golden Crosses of the Short MA up through the Long MA & also possibly teh Short MA up through the Short/Medium MA.
EURJPY - Now we have a big Spinning Top on the Daily Chart!
USDCAD - Dead Cross of the Short MA down through the Short/Medium MA. Possible Three Stars in the South on the Daily Chart.
AUDUSD - Bearish Engulfing Pattern on the Daily Chart!
NZDUSD - Third cloes under the Long MA! Bearish In Neck Pattern on the Daily Chart!

GVI Forex Blog 11:08 GMT March 5, 2010 Reply   
Currencies: Price action was largely contained ahead of the US non-farm payroll report. The EUR/USD continued to trade within its one-week range of 1.3430 to 1.3730. The JPY was mildly softer after

European market Update: Markets consolidate ahead of US payroll data

Gen dk 11:08 GMT March 5, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Mysore censored 10:46 GMT March 5, 2010
90% loose / 10% win

Porto, People don't lose because their opinion or market reading is wrong. They lose because "they make less money when they are right and lose more when they are wrong"

GVI Forex Blog 10:44 GMT March 5, 2010 Reply   
11:00 GMT- Mar 5 (global-view.com) The main focus into the weekend is the release of U.S. non-farm payrolls on the U.S. open. While the U.S. jobs performance has been improving recently..

Daily GVI Forex Forex View- U.S. Employment Due

Amsterdam Purk 10:43 GMT March 5, 2010
90% loose / 10% win

10% of how many parties?

GVI Forex john 10:42 GMT March 5, 2010
GVI Forex Trading Support


The Daily Forex View

U.S. Employment Due 

11:00 GMT- Mar 5 (global-view.com) The main focus into the weekend is the release of U.S. non-farm payrolls on the U.S. open. While the U.S. jobs performance has been improving recently.. 

MORE...

Porto Cubriclas 10:37 GMT March 5, 2010
90% loose / 10% win
Reply   
If 90% of the traders loose and 10% win...90% of trade opinions are wrong.
10% win are represented by Lahore FM and two or three more participants.
GT & GL

Sciacca FD 10:10 GMT March 5, 2010
NFP

It's not about being right, it's about making money.Let the charts reveal the answer.
Simplistic i know but why trade if it's not clear. The less decision making the less likely you are to get it wrong.
If you have to trade, trade the reaction to the news rather than jumping in on a 50/50

Londan ex 10:04 GMT March 5, 2010
NFP

Shaun- only risk I see is that too many might be thinking your way. Could be a crowded trade?

London Shaun 09:39 GMT March 5, 2010
NFP
Reply   
Can someone show me where the flaw in this is? If the figs are good then it's buy USD and if the figs are bad then the weather was to blame and so buy USD anyway for all the reasons everyone has already expressed better than I. Either way it's buy dolls and oil and sell gold...which is what's going to be sold by all the centrals to pay for the liquidity their gonna need etc. I'm told China's no longer a buyer after taking the IMF's lot off their shoulders. In the old days we called this a one way bet that usually ended in drowing our sorrows later in the day when it proved to be the other way.

HK Kevin 09:37 GMT March 5, 2010
hello

Traders are waiting for the US employment data.

tokyo rana 09:18 GMT March 5, 2010
hello
Reply   
what happen all traders today quit?
no trading?
best regards,

Syd 08:32 GMT March 5, 2010
DJ German Minister: Greece Can't Expect One Cent From Germany
Reply   
German Minister: Greece Can't Expect One Cent From Germany
German Minister: Greek PM Hasn't Asked Germany For Money
German Economy Minister: Greek Austerity Plans Right Way

tokyo rana 07:59 GMT March 5, 2010
close with out any lost....
Reply   
Buy GBPJPY
Entry: 134.3 Target: Stop:

long closed with out any lost....
stay sideline now......
regards,

jerusalem kb 07:54 GMT March 5, 2010
GBPUSD a subject of new free fall(medium term)

break of 1.4967 is need to support his view

jerusalem kb 07:52 GMT March 5, 2010
GBPUSD a subject of new free fall(medium term)
Reply   
Sell
Entry: Target: Stop:

next support : 1.4940/1.4850/1.4770/1.4660
next ress.: 1.5145/1.5355/1.5410
1.4660 may hold if reached in medium term if not short term.

ha noi 06:47 GMT March 5, 2010
short closed

i thinks close sell, wait buy eu,gu...

tokyo rana 06:22 GMT March 5, 2010
short closed
Reply   
Buy GBPJPY
Entry: 134.3 Target: 136.3 Stop:

short closed with lost 21pips....
any view?
regards,

Hong Kong 06:16 GMT March 5, 2010
EUR/USD Intraday trading signal by AceTrader
Reply   
INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD
EUR/USD: 1.3591

Late Update At 05 Mar 2010 04:22 GMT

Although euro has ratcheted higher to 1.3603
after selloff to 1.3551 in NY y'day, as this move
signals correction fm this week's low at 1.3433 has
ended at 1.3736, consolidation with downside bias
remains for re-test of said sup, then twd 1.3515.


Hold short for 1.3560 1st n only rise abv 1.3633
(prev. sup) wud defer intra-day bearishness.


Range Forecast
1.3570 / 1.3600


Resistance/Support
R: 1.3606/1.3633/1.3694
S: 1.3551/1.3515/1.3484

http://www.acetraderfx.com

Syd 02:41 GMT March 5, 2010
BOJ Likely To Take Further Easing Steps - Totan
Reply   
BOJ "highly likely" to take further monetary easing steps in March or April with government pressures intensifying recently, says Izuru Kato, chief economist at Totan Research. Notes Finance Minister Kan "has continued to call on the BOJ to do more to beat deflation and the BOJ is now in a position where it needs to do something. Also, given that the BOJ itself said that it would not tolerate falling consumer prices, the bank should take action as the CPI remains on a downward trend." Adds, central bank expected to expand fund-provision measure introduced in December to lower so-called "term-fund rates," interest rates for loans of up to 1 year that companies use to secure operating funds. But says "if the BOJ does so, the move won't likely help Japan overcome deflation as short-term interest rates have been already extremely low."

Gen dk 02:37 GMT March 5, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Syd 02:17 GMT March 5, 2010
DJ MARKET TALK: Speculators Sell JPY On Kan Remark, Nikkei Report
Reply   
Japan's Finance Minister Naoto Kan's remark that he thinks JPY's rises will be subdued give Asian speculators excuse to sell JPY against USD, EUR, as comment seems to hint at JPY-selling intervention if JPY strengthens too much, though it's far from certain whether Tokyo would actually take such a step barring a sharp JPY rise, dealers say. Also weighing on JPY is Nikkei report that BOJ will likely consider further easing toward April; "the Nikkei report caused some foreign players to cover shorts," says Satoshi Okagawa, head of FX forward trading group at Sumitomo Mitsui Banking Corp. Dealers say those factors may continue to push up USD/JPY to 90.00, EUR/JPY to 121.80, but additional rises may be limited ahead of U.S. February non-farm payrolls data later in day. USD/JPY at 89.32, EUR/JPY at 121.28.

Hong Kong Qindex 02:09 GMT March 5, 2010
QIndex Trading System

USDJPY
Entry: Target: Stop:

USD/JPY : 3-Day Cycle Analysis



The market is in a neutral position when it is consolidated within the pivot centers at 89.17 - 89.30 - 89.42. Projected supporting ranges are 88.04 - 88.12 - 88.30. Resistant ranges are positioning at 90.21 - 90.31 - 90.49.

Hong Kong Qindex 02:02 GMT March 5, 2010
QIndex Trading System

EURUSD
Entry: Target: Stop:

EUR/USD : 5-Day Cycle Analysis



The market is under pressure when it is trading below the pivot centers at 1.3622 - 1.3664 - 1.3731. Projected resistant points are positioning at 1.3732 and 1.3751. Projected supporting points are expected at 1.3511 and 1.3576.

Hong Kong Qindex 01:53 GMT March 5, 2010
QIndex Trading System

Buy Gold
Entry: Target: Stop:

Gold : The market is stable when it is trading above the weekly cycle pivot center at 1127.5.

tokyo rana 01:24 GMT March 5, 2010
any view
Reply   
Sell GBPJPY
Entry: 134.100 Target: 131 Stop: open

any view?
best regards,

Syd 01:07 GMT March 5, 2010
.Aussie dollar pick of the G10, say analysts
Reply   
ANALYSTS expect the Australian dollar to be the currency of choice this year as the local economy strengthens, commodity prices rise and the Reserve Bank keeps increasing interest rates.
After falling below US87c this year, the dollar has surged back above US90c and is expected to reach parity with the greenback before 2010 is over. It closed at US90.17c yesterday.

Citi currency strategists in New York said the dollar could "stand out in the crowd" when up against currencies from the Group of 10, which includes the US, Britain and some of the richest countries in Europe and Asia.
National Australia Bank head of currency strategy John Kyriakopoulos said the Australian dollar had carved out a new, much higher long-term average and would not be expensive until it rose above parity.

http://www.theaustralian.com.au/business/aussie-dollar-pick-of-the-g10-say-analysts/story-e6frg8zx-1225837139219

ECB’s Constancio: FX intervention could be warranted if swings threathen price stability
Portuguese central banker Constancio, soon to be a member of the ECB managing board, says forex intervention could be warranted if if FX swings threaten the ECB’s price stability target.

Hong Kong 00:46 GMT March 5, 2010
Daily Market Outlook by AceTrader
Reply   
Market Review - 04/03/2010 22:51GMT

Euro tumbles on ECB n Deutsche Bank's downgrade by Moody's dollar surged broadly


The greenback rose broadly on Thursday and the single currency declined sharply after the ECB stated it would not be 'appropriate' for the International Monetary Fund to aid Greece, adding that recovery would be uneven and reducing the chances of a near-term rise in record low euro zone interest rates.

Euro has traded with a soft undertone in Asia but staged a pullback to 1.3694 in European morning. Price fell sharply from there and picked up more downward momentum after the ECB kept rate remained unchanged at 1% as expected. After the rate decision, ECB's Trichet said eurozone economy is expected to grow at moderate pace in 2010 and inflation will be around 1% in near term. He also indicated ECB will keep its special term, one-month liquidity operations, maintaining the same rate. Besides he opposed IMF aid to Greece, saying this act as 'not appropriate'. The single currency tumbled to an intra-day low of 1.3551 in NY mid-day after Moody's downgraded Deutsche Bank's rating.

Versus the yen, dollar extended Wednesday weakness in Asia and price hit an intra-day low of 88.14 ahead of European opening. However, the pair staged an abrupt reversal from there and rose sharply in Europe and NY. Price eventually hit an intra-day high of 89.27 in NY afternoon after data showed a decline in U.S. jobless claims from previous reading of 496.0K to 469.0K, stirring hope about the U.S. economy. Markets expected Friday's non-farm payrolls to show employers cut 50,000 jobs last month, though analysts expect some of that will have been influenced by snowstorm. The pair closed the day up over 0.6%. On other news, after the US market has closed, Reuters reported that 'BOJ has begun examining possible monetary policy easing'. Newspaper also said BOJ is likely to make such decision at its next policy meeting on Mar 16-17 or in the following month.

Despite cable's weakness in Asia, price staged a strong bounce from 1.5025 and rose further after BOE kept its rate unchanged at record low of 0.5% and sterling hit an intra-day high of 1.5136 in NY morning, however, cable tumbled from there after the release of stronger-than-expected U.S. jobs data and price hit an intra-day low of 1.5006 in NY mid-day before stabilising.

Data to be released on Friday include U.K. PPI core, PPI input, PPI output, Germany Factory orders, U.S. Avg. hourly earnings, Non-farm payrolls and Unemployment rate.
http://www.acetraderfx.com

GVI Forex Blog 00:07 GMT March 5, 2010 Reply   

Stocks Finish Higher in Light Trading Activity

GVI Forex Blog 00:06 GMT March 5, 2010 Reply   

Worries about Greece, Economic Slowdown Drive Up U.S. Dollar

 




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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