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Forex Forum Archive for 03/16/2010

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


GVI Forex Blog 23:46 GMT March 16, 2010 Reply   

Fed Opens Door for Higher Stocks, Commodities

GVI Forex Blog 23:46 GMT March 16, 2010 Reply   

Fed Leaves Rate Unchanged; Focus Shifts to Inflation

Syd 23:38 GMT March 16, 2010
USD/JPY repatriations
Reply   
Talk that sales of the USD by Japanese corporations capping rise due to repatriation before the end of the financial year

GVI Forex Blog 23:28 GMT March 16, 2010 Reply   
Technical traders will tell you the news is reflected in the numbers. Those who follow fundamentals say you need to know what is behind the numbers. I am a hybrid trader and use both technicals and fundamentals. In this news headline driven market, it pays to know what is behind the price action.

Forex Blog - The Simple Truth

USA ZEUS 23:21 GMT March 16, 2010
Swing Swap
Reply   
Darn ETRM guys incorrectly priced my NG Platts Daily Swing Swap using calendar days instead of trading days. Arghhhhh

USA ZEUS 23:18 GMT March 16, 2010
GBP/USD
Reply   
Short GBP/USD @ 1.5235 on a sloppy entry for some coin.

Syd 23:01 GMT March 16, 2010
DJ=AUD/USD Bias Remains To Topside - NAB
Reply   
RBA is indicating its desire to gradually increase official interest rates toward more normal levels, says John Kyriakopoulos, head of FX strategy at NAB. As such, traders pared expectations for an April rate hike, with the implied probability falling to 33% from 42%. Says NAB continues to expect next RBA hike in May and further 25 bps hikes in August and November. Ads bias remains to see AUD/USD higher given its the "cheapest" relative to "fair value" model estimate of around 0.9500 in over a year. Kyriakopoulos adds the S&P 500 closing above 1150 is a bullish sign as is the rise in the spot iron ore price to a fresh high for the year. AUD/USD latest 0.9194

HK c 22:53 GMT March 16, 2010
EURAUD
Reply   
Sell EURAUD
Entry: 1.4975 Target: 1.4800 Stop: 1.5030

Still like this trade. Stopped out on last trade at b/e after lowering stop,

GVI Forex Blog 22:45 GMT March 16, 2010 Reply   
The dollar weakened against the euro and yen on Tuesday after the Federal Reserve held U.S. interest rates unchanged and reiterated a pledge to keep rates "exceptionally low" for an "extended period."

FOREX NEWS-Dollar down vs euro, yen as Fed vows to keep rates low

GVI Forex Blog 22:43 GMT March 16, 2010 Reply   
The Canadian dollar rose to its highest level since July 2008 on Tuesday after the U.S. Federal Reserve held benchmark interest rates near zero, as expected, and renewed its promise to keep them

Forex Market News - CANADA FX DEBT-C$ hits 20-mth high, bonds up as Fed stands pat

Syd 22:12 GMT March 16, 2010
Surging house prices herald two rate rises
Reply   
THE Reserve Bank has revealed that ''strongly rising'' house prices helped tip its hand when pushing up interest rates this month, saying prices had ''gained momentum'' and were climbing strongly ''for all but the bottom segment of the market''. The unusual discussion of house prices in the section of its board minutes devoted to ''considerations for monetary policy'' suggested the timing of future rate increases would depend in part on its view of the strength of real estate prices. ''The minutes show house prices becoming one of the key indicators watched by the bank,'' said Macquarie Group's interest rate strategist, Rory Robertson.
''A month or two ago you could have the view that house prices were decelerating,'' he said.
''They were coming off double-digit annual growth. But in the lead-up to the March meeting it became clear there had been no deceleration. The Reserve seems to be taking the view if house prices are rising rapidly, rates are too low.
''There are nine more board meetings this year and it looks to be a 50/50 call at each one,'' said a Commonwealth Bank senior economist, Michael Workman.

LINK

Syd 21:06 GMT March 16, 2010
DJ AUD/USD Bulls Target 0.9330 - Charting Europe
Reply   
While the Reserve Bank of Australia maintained its overall hawkish direction for the country's interest rates this month, the bull trend in the AUD/USD is set to continue towards the 0.9330 lower high. The origin of this current up-wave lies at the Feb. 5 bear failure low at 0.8578, and a higher low at 0.8802 has been created following the push above 0.9071 to the Mar. 12 marginal high at 0.9194. The reason for this period of consolidation is to solidify and validate the break above 0.9071. Once consolidation has found a base, likely to be above 0.9035, the 0.9194 high is expected to come under renewed bull pressure. Last week's uptrend candle shows that the underlying pace of the advance has not slowed, and therefore increases the risk of a break into fresh 8-week highs above 0.9194 towards bear channel resistance at 0.9247 for this week.

AUD/USD rallied to 0.9193 as risk trades performed strongly in New York afternoon trade. Talk of option protection ahead of 0.9200 helped slow the advance.

Currency Opportunities......The euro is a great investment opportunity, Axel Merk, president of Merk Mutual FundsLINK

jeursalem KB 20:46 GMT March 16, 2010
buy cadchf
Reply   
Buy OTHER
Entry: 1.0400 Target: 1.0490 Stop: 1.0320

bought & looking to buy audchf & gbpchf on pull back

Syd 20:33 GMT March 16, 2010
Charts: Canadian Dollar Still Strong
Reply   
The Canadian dollar is set to gain further against the US dollar, Nicole Elliott from Mizuho Corporate Bank told CNBC Tuesday. Elliott also takes a technical look at the Swiss franc versus the euro.

http://www.cnbc.com/id/15840232?video=
1442543553&play=1

PAR 20:32 GMT March 16, 2010
USDJPY

Expecting more BOJ intervention for an " extended period of time " .

Chicago sc 20:27 GMT March 16, 2010
USDJPY
Reply   

Entry: 90.29 Target: 91.00 Stop: 89.70

Entering USDJPY here into BOJ decision later.

GVI Forex john 19:58 GMT March 16, 2010
why?

JB - better twice than not at all. Besides happy you agree.

U.K. J.B. 19:57 GMT March 16, 2010
why?
Reply   
Sorry GVI-John did not see you had already given a explaination..

tokyo rana 19:57 GMT March 16, 2010
GVI Forex Trading Support

Sell GBPJPY
Entry: Target: Stop:

please kindly tellme about gbpjpy?
wensday go upor down?
136wensday possible?
today gbp very strong.............best regards

U.K. J.B. 19:53 GMT March 16, 2010
Why?

Risk appetite my friend ...

GVI Forex john 19:52 GMT March 16, 2010
GVI Forex Trading Support
Reply   
If any of our viewers have any questions about what is happening or why?

Or if you want an opinion on a currency pair, be sure to ask on one of our forums. Someone here always will have an informed answer!

We are all here to help.

GVI Forex Blog 19:51 GMT March 16, 2010 Reply   
Yesterday’s video post mentioned that there may be bottoming action at the 1.3665 area (61.8% retracement). The market dropped slightly below that but started to rally in the Asian session...

FXTimes: Daily Technical Update Stalking the Choppy EUR/USD

GVI Forex Blog 19:48 GMT March 16, 2010 Reply   
I mentioned in the previous video post that the USD/JPY was showing some signs of weakness with a rejection from rallying above 91.00. There a deceleration of the market as we saw in the…

FXTimes: Daily Technical Update USD/JPY Topping Action

GVI Forex john 19:48 GMT March 16, 2010
Why?

I'm not overly comfortable with the logic of the markets but it goes like this. Easy Fed policy is positive for stocks. That I buy...

But then higher stocks are supportive of a higher EURUSD. Correlation co-efficient on this trade runs very high. Personally I don't get it.

GVI Forex Blog 19:45 GMT March 16, 2010 Reply   
20:00 GMT- Mar 16 (global-view.com) Early Tuesday saw active trade, which is fairly uncommon heading into a Fed decision. The key EURUSD pair was all over the map. Triggering some of its volatility an S&P decision

Daily GVI Forex Forex View- No Fed Surprise

GVI Forex john 19:43 GMT March 16, 2010
GVI Forex Trading Support


The Daily Forex View

No Fed Surprise

20:00 GMT- Mar 16 (global-view.com) Early Tuesday saw active trade, which is fairly uncommon heading into a Fed decision. The key EURUSD pair was all over the map. Triggering some of its volatility an S&P decision

MORE...

GVI Forex john 19:41 GMT March 16, 2010
Why?

GVI Forex john 18:58 GMT March 16, 2010
GVI Futures Analysis: Reply

Post-FOMC the risk trade is back on, which is presumably positive for equities, commodities, etc. The Fed statement is generally being viewed as dovish.

GVI Forex john 19:39 GMT March 16, 2010
Why?

jp- yes its a risk play. See Futures Forum for a comment from us on this a short while ago...

ldn jp 19:29 GMT March 16, 2010
Why?
Reply   
Anybody know why eur/gbp/aud/nzd etc moving so strong versus the $

tokyo rana 19:15 GMT March 16, 2010
gbp
Reply   
GBPJPY
Entry: Target: Stop:

idonot understand why gbp so strong today...very stong rebound...maybe bcoz of tuesday mid week...any idea?
best regards,

USA ZEUS 18:46 GMT March 16, 2010
EUR/USD

Congrats on the great trade Purk. Time to go flat and relax to the max

Hillegom Purk 18:40 GMT March 16, 2010
EUR/USD

well the mfers froze the screens of course. Was able to pick up some Zeus shorts, but unable to close at my favourite 20 pip target. So instead i had to close at 40 pips... LOL
I hate it when they do that. e/u of course

USA ZEUS 18:37 GMT March 16, 2010
EUR/USD

Unleash the beast.

GVI Forex Blog 18:28 GMT March 16, 2010 Reply   
FOMC: rates steady; Hoenig dissents again CH upgrades economic assessment BoJ to ease tonight?

Forex Market Commentary and Analysis (16 March 2010)

GVI Forex Jay 18:27 GMT March 16, 2010
trading after FOMC

A lot of volatility for a decision that was just about as everyone expected.

nyc ws 18:24 GMT March 16, 2010
trading after FOMC
Reply   
Keep your hardhat on

Gen dk 18:21 GMT March 16, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Amman wfakhoury 18:20 GMT March 16, 2010
gbpusd 150-200 pips
Reply   
Amman wfakhoury 15:44 GMT March 16, 2010
gbpusd 150-200 pips: Reply
Amman wfakhoury 15:23 GMT March 16, 2010
gbpusd 150-200 pips: Reply
gbpusd did break 15080 , and continued with trend changed into strong uptrend , it is possible to reach area 15200-20 , then will be ready to decline again till 15080
-----------
after reaching 15200 still need to rise more 20-30 pips
=====
time to sell


USA ZEUS 18:16 GMT March 16, 2010
EUR/USD

Right back on it at 1.3770

USA ZEUS 18:14 GMT March 16, 2010
EUR/USD

Sorry AS. Market Will be here when you return.
Thanks JM. It was all luck. All we can do is try. ;-)

Cheers.

GVI Forex john 18:14 GMT March 16, 2010
GVI Forex Trading Support
Reply   
Fed steady

NYC JM 18:01 GMT March 16, 2010
EUR/USD

Zeus, nice timing on the hammer.

Belgrade AS 18:01 GMT March 16, 2010
EUR/USD

"Watch out for armed patriot missiles"...seen too many of them fall from the skies...for real.
i gotta go to some stupid birthday party...i envy you guys
signing off...and missing all the fun!
best of luck!!!!!

USA ZEUS 18:00 GMT March 16, 2010
EUR/USD

1.3725 is a quick T/P then reload for more on the pop up.

USA ZEUS 17:57 GMT March 16, 2010
EUR/USD

AS- Sometimes the market needs a good sidewinder when it least expects it. Watch out for armed patriot missiles.

Belgrade AS 17:28 GMT March 16, 2010
EUR/USD

ZEUS,shouldn't your Maverick be "disarmed" before and during big announcements?...a bit of "playing with fire" there?
anyhow,congrats!

USA ZEUS 17:23 GMT March 16, 2010
EUR/USD

Take gains at your leisure.

USA ZEUS 17:21 GMT March 16, 2010
I believe that the market offers unlimited opportunities and that all you have to do to make unlimited wealth is to have the market tell you what to do.....not the other way around. This is counter-intuitive to some 95% of traders for some odd reason.

Cheers

GVI Forex Jay 17:21 GMT March 16, 2010
JP, tks for the reply, I shelved the poll and let everyone relax before the Fed decision.

USA ZEUS 17:17 GMT March 16, 2010
EUR/USD

Bring out both Hammer brothers...Jack and Sledge.

USA ZEUS 17:11 GMT March 16, 2010
USD/CAD
Reply   
Long USD/CAD @ 1.0147

Belgrade AS 17:11 GMT March 16, 2010
AUDCAD braking out of it's wedge?
Reply   
in case of serious risk aversion signal,watch out for audcad falling out of it's "wedge".risk and commodity drives cancel out in case of this particular pair,so it will come down to 100% sure bet!

Neuville JD 17:10 GMT March 16, 2010
GVI Forex Trading Support

Following your comments on surprise hike, I would say that, in any case and in my opinion, the dollar is set to strenghen
GL/GT

USA ZEUS 17:06 GMT March 16, 2010
EUR/USD

Prepare to be thunderstruck.

Belgrade AS 16:57 GMT March 16, 2010
GVI Forex Trading Support

Mailman friend,"big guns" are short from 1,50 and 1,46 (eurusd) with 5bln x 20(average leverage)....
similar situation in cable!

Belgrade AS 16:46 GMT March 16, 2010
GVI Forex Trading Support

Mtl JP 16:37 ,there's a 0% chance they will change rate!!!
their choice of words(in their comment!) will have a 3 digit response!!!
"extraordinary measures(for an extended period of time)"....is the code name for risk-on and weak usd!!!!!
absence of those words means monky-press buy usd!...for a prolonged period of time,lol

USA ZEUS 16:43 GMT March 16, 2010
EUR/USD

Fat guy in a little coat....Sorry Richard!

Richland QC Mailman 16:42 GMT March 16, 2010
GVI Forex Trading Support

Speculation that this gbp and euro's rise is over is already in beginning to kick in. I think more big time players have begun unwinding and taking profits from their long positions earlier. They would not want to be caught up in violent market swings later on the FED rate announcement all imo.

tokyo rana 16:41 GMT March 16, 2010
shorted more...................
Reply   
Sell GBPJPY
Entry: 137.250 Target: open Stop: open

shorted more...................any viww?
best regards,

USA ZEUS 16:39 GMT March 16, 2010
EUR/USD

Hammer time.

Mtl JP 16:37 GMT March 16, 2010
GVI Forex Trading Support

john 16:23 with market expecting unchanged rate announcement, risk then would be either on hike or cut.

surprise cut probably has less odds than surprise hike. either surprise would probably see fairly violent priceaction. thinking in terms of three digits worth of pips.

Neuville JD 16:34 GMT March 16, 2010
out of long eur/usd
Reply   
out of long eur/usd from 1.3660.

Richland QC Mailman 16:26 GMT March 16, 2010
EUR/USD

I agree. Well as the saying goes, nothing goes up and up. Gravity should pull these stubborn guys down.

GVI Forex john 16:23 GMT March 16, 2010
GVI Forex Trading Support
Reply   
FOMC Policy Decision @ 18:15 GMT

Often a major events for forex and other financial markets. After all, forex price swings boil down to money flows. Through their money market activities, Central Banks set the “cost of money” (interest rates). Most target a short-term interest rate. Virtually all central banks, explicitly (or implicitly) target inflation in the medium term, so many traders track price trends closely as an indicator of policy. Central Bank watchers also usually dig deep into central bank policy statements for clues about future policy decisions.

USA ZEUS 16:21 GMT March 16, 2010
EUR/USD

They can't stand the heat. Time for them to get out of the kitchen.

USA ZEUS 16:09 GMT March 16, 2010
EUR/USD
Reply   
Short EUR/USD @ 1.3763

Gen dk 16:03 GMT March 16, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Richland QC Mailman 15:53 GMT March 16, 2010
Bull Fatigue Setting in
Reply   
Sell GBPJPY
Entry: 137.35 Target: Below 137 Stop: 137.55

Ok folks, one last try. GBp and yen stubborn huh...

Amman wfakhoury 15:44 GMT March 16, 2010
gbpusd 150-200 pips
Reply   
Amman wfakhoury 15:23 GMT March 16, 2010
gbpusd 150-200 pips: Reply
gbpusd did break 15080 , and continued with trend changed into strong uptrend , it is possible to reach area 15200-20 , then will be ready to decline again till 15080
-----------
after reaching 15200 still need to rise more 20-30 pips

Neuville JD 15:41 GMT March 16, 2010
cad

usd/cad stop at 1.080, not 0.980. TYP

Belgrade AS 15:40 GMT March 16, 2010
Euro Turning Point

last bullish move from 1,3433 in eurusd is simply incomplete without a new high in 1,3840/50 area(end of wave#5)...after that ,it's all up to FOMC(loose or tight?)
so in a way you are quite right.it is a turning point either way.

Neuville JD 15:33 GMT March 16, 2010
cad

(I meant projected support)

Neuville JD 15:32 GMT March 16, 2010
cad
Reply   
Buy USDCAD
Entry: 1.0150 Target: 1.0250 Stop: 0.980

Usd/cad is on it's monthly projected resistance. Interesting to buy for 100 pips, possibly more.

Chicago ETP 15:25 GMT March 16, 2010
Euro Turning Point
Reply   
Buy EURUSD
Entry: Target: Stop:

Tuesday 16 March 2010

Last Friday was the first higher weekly close after the five
weeks of cluster closes mentioned here over the past two
weeks as a potential turning point, in this case, a rally for
the Euro.

Bar activity remains positive throughout the trading range...
i.e. many bars have high-end closes when near the low of the
developing trading range. The 138 area remains as resistance.
A higher weekly close, Friday, could position the Euro for the
140s. The strongest resistance is obvious at the 142.50 area.

The primary caveat here is that this is a counter-trend move,
and it can be labored, or even fail. Stay with present tense
market activity as a guide along the way.

Amman wfakhoury 15:23 GMT March 16, 2010
gbpusd 150-200 pips
Reply   
gbpusd did break 15080 , and continued with trend changed into strong uptrend , it is possible to reach area 15200-20 , then will be ready to decline again till 15080.

Lahore FM 15:20 GMT March 16, 2010
Trade Ideas

Sell OTHER
Entry: 10636 Target: Stop: 10665
03/15/2010 15:22:30 FM Lahore 2
03/15/2010 13:53:15 FM Lahore 2
--
stopped for minus 29 points at 10665 on june dow short 10636.

Lahore FM 15:18 GMT March 16, 2010
Trade Ideas

Buy EURAUD
Entry: 1.4966 Target: 1.5180 Stop: 1.4870

03/11/2010 17:36:51 FM Lahore 9

Buy EURAUD
Entry: 1.4966 Target: 1.5180 Stop: 1.4870
went long.
--
half outed now at 1.5055,stops stay for target 1.5180

GVI Forex Blog 15:11 GMT March 16, 2010 Reply   
The USD was on the defensive ahead of the FOMC rate decision aginst the European currencies. The EU Finance Ministers provided a strategy for emergency loans in case Greece's €4.8B austerity measures failed to improve the projected statistics back within the Maastrict Stability Pact criteria.

Forex Blog - US Market Update (Trade the News)

Richland QC Mailman 15:10 GMT March 16, 2010
Gbp on 50% fibo

More seeds below 1.5180 planted.

New gbp/usd shorts at 137.25 stop 20 mins away. Target - interesting... open.

Gen dk 15:08 GMT March 16, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

hk ooozmeeh 15:06 GMT March 16, 2010
news

NEW YORK (MarketWatch) -- The euro added to gains versus the dollar on Tuesday after Standard & Poor's affirmed its rating on Greece's debt, easing concerns that other European nations will have to follow through on promises to help Greece if needed. The euro rose to $1.3762, from $1.3720 earlier and up from $1.3674 late Monday. The dollar index ($DXY), which measures the U.S. unit against a trade-weighted basket of six major currencies, slipped to 79.794 from 80.240 in late U.S. trading Monday.

GVI Forex Jay 15:00 GMT March 16, 2010
news

As posted on GVI Forex:

Provo John 14:58 GMT March 16, 2010
Greece: Reply
S&P TAKES GREECE RATINGS OFF WATCH; AFFIRMS BBB+ RATING
- S&P views the government's total package of measures as appropriate to achieve its 2010 fiscal target

reason for spike imo.

London 14:58 GMT March 16, 2010
Euro/usd

I think my broker is trading against me , so I'll make it hard for him to take my money this is only little money, I wonder what will he do If I show him lots of money??

London Chris 14:58 GMT March 16, 2010
news
Reply   
Are we missing some news?"

GVI Forex Blog 14:56 GMT March 16, 2010 Reply   
Price action on spot gold, a daily chart of which is shown, has made a swift and pronounced bounce off a long-term uptrend support line. This long-term trendline was falsely breached in early February

Chart of the Day - 3/16/2010 – GOLD

GVI Forex Blog 14:52 GMT March 16, 2010 Reply   
Mar 16 (global-view.com) UPCOMING DATA HIGHLIGHTS: Wednesday will see a key BOJ policy decision. Additional quantitative ease is expected. In Europe, U.K. employment data are due, along with the latest BOE policy minutes.

GVI Forex- Data Outlook for March 17, 2010

nyc ws 14:51 GMT March 16, 2010
Euro/usd

It feels like Tuesday is a mirror of Monday.

London T. I would like to be your broker with those types of trades. Are you reevaluating your hedging strategy?

London T 14:49 GMT March 16, 2010
Euro/usd
Reply   
Euro/usd is going to be stuck today, between our sell position 1.3690 and our buy position 1.3780 more or less.This happens all the time when we buy and sell. good luck everybody

Richland QC Mailman 14:49 GMT March 16, 2010
cable

Hi Kal. Though I have some shorts too for gbp, I think the 200-pip move returns the risk to the upside (1.5200). We may be looking at a range: 1.5000 - 5200 for the time being before market decides which direction it will take.

GVI Forex john 14:45 GMT March 16, 2010
GVI Forex Trading Support

Mar 16 (global-view.com) UPCOMING DATA HIGHLIGHTS: Wednesday will see a key BOJ policy decision. Additional quantitative ease is expected. In Europe, U.K. employment data are due, along with the latest BOE policy minutes. In North America, weekly mortgage statistics will be followed the PPI report and weekly energy inventories.

 

 

WEDNESDAY

 

 

4:30

JA

BOJ Rates (0.10%)

unch

unch

9:30

UK

Jan Avg Earn 3m yy

1.70%

0.80%

9:30

UK

Feb Claimant Count k

8

23.5

9:30

UK

BOE Minutes

n/a

n/a

11:00

US

WK Mortgage Stats

n/a

n/a

12:30

US

Feb PPI

-0.20%

1.40%

12:30

US

Feb PPI core

0.10%

0.40%

14:30

US

EIA Crude mn

0.9

1.4

14:30

US

EIA Gasoline mn

-0.3

-2.9

14:30

US

EIA Distillate mn

-1.5

-2.2

14:30

US

EIA Cap Util

81.00%

80.70%



tokyo rana 14:41 GMT March 16, 2010
Gbp on 50% fibo

and double top right?about to fall right?
best regards.

Richland QC Mailman 14:37 GMT March 16, 2010
Gbp on 50% fibo

2nd gbp/usd seed at 1.5169.

tokyo rana 14:27 GMT March 16, 2010
short gbpjpy
Reply   
Sell GBPJPY
Entry: 137 Target: Stop:

ithink better short gbpjpy 137....
best regards,

Lahore FM 14:26 GMT March 16, 2010
Trade Ideas

Sell Crude
Entry: 81.40 Target: 79.65 Stop: 82.50

sold may crude.

GVI Forex Blog 14:20 GMT March 16, 2010 Reply   

Dollar Trading Mixed ahead of FOMC Meeting

Juffair KaL 14:19 GMT March 16, 2010
cable
Reply   
short cable here
tgt new low

audjpy Long

changed my mind about usdjpy...too early
I am Longing til 92

USA ZEUS 14:17 GMT March 16, 2010
EUR/USD

Now out of the swing portion of the trade @ 1.3736.
Out all the way now. That is how the game is played.

Richland QC Mailman 14:11 GMT March 16, 2010
Gbp on 50% fibo

OK I am in 1.5153. Will plant more bear seeds if price breaks 1.5170. Still weary of this rally from the deceiving grave of 1.5077 earlier.

Richland QC Mailman 14:05 GMT March 16, 2010
Gbp on 50% fibo

Hi, thanks for the kind comments... Looking now to sell ahead of 1.5160.

nyc ws 14:04 GMT March 16, 2010
usdjpy

Look at jpy crosses for your clue

Amsterdam Purk 14:03 GMT March 16, 2010
usdjpy

I find your name quite amusing W(anker)!
Wish you more money than people will ask you about your name.

As for forex, e/u still not through 13434-137+

singapore 14:02 GMT March 16, 2010
AUS / USD
Reply   
any clue for AUS / USD ?

tokyo rana 14:01 GMT March 16, 2010
usdjpy

today salling day usdjpy...peoples selling bcoz could rise...
better sale...
best regards

London W 13:57 GMT March 16, 2010
usdjpy
Reply   
Any clue what is going on with usd/jpy?

(I was asked to change my offensive name)

Lahore FM 13:43 GMT March 16, 2010
Trade Ideas

Buy USDCAD
Entry: 1.0179 Target: 1.0480/1.1000 Stop: 1.0130

bought.

Lahore FM 13:34 GMT March 16, 2010
Trade Ideas

Sell Gold
Entry: 1122.60 Target: open Stop: 1128.50

sold now.

GVI Forex Blog 13:33 GMT March 16, 2010 Reply   
“Second, local and regional governments and state-run enterprises are in serious financial trouble because of the real estate bubble...

Your recommended daily allowance of China

Syd 13:30 GMT March 16, 2010
Housing Market Sure to Double-Dip: Whitney
Reply   
Housing Market Sure to Double-Dip: Whitney
The US housing market will face another retreat while mortgage-backed securities and Treasurys are likely to go through a "material" correction, Meredith Whitney, CEO of Meredith Whitney Advisory Group, told CNBC Tuesday.
http://www.cnbc.com/id/15840232?video=
1442226381&play=1

Melbourne Qindex 13:28 GMT March 16, 2010
Gold : Current Comments
Reply   
Gold is making a strong move!


Upside Targeting Points are 1132.1 - 1137.5


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


Melbourne Qindex 01:20 GMT March 16, 2010
Gold : Resistance at 1133 : Reply
Buy Gold
Entry: Target: Stop:

Gold : The market is able to pick up support at 1101.5. The current expected trading range is 1101.5 - 1141.6. The resistant range is expected at 1150.8 - 1176.9 and a supporting range is positioning at 1072.9 - 1098.5. Buy on dips is the preferred trading strategy.

Wall Street 13:19 GMT March 16, 2010
EURUSD
Reply   
Using our short-term trading system, neutrality in the EURUSD comes in at about 1.3705 at the moment. Our volatility range is running at about 35 pips on other side of neutrality so the ranges are looking tradeable.

Melbourne Qindex 13:16 GMT March 16, 2010
GBP/AUD : Current Comments
Reply   
GBP/AUD : The market is vibrating around 1.6485 with an expected magnitude of 1.6394 - 1.6577. Projected supporting and resistant point is located at 1.6303 and 1.6668 respectively.



GBP/AUD : Monthly Cycle Charts
http://www.qindex.com/gbp-aud.html

GVI Forex john 13:07 GMT March 16, 2010
GVI Forex Trading Support

Total Open Interest in the June EURO FX contract advanced 14,388 contracts to 158,410 as the new contract fills out. Until open interest stabilizes, it will be difficult to judge how traders are positioning themselves at the margin.

Mtl JP 12:50 GMT March 16, 2010
GVI Forex Trading Support

I d like to know who is financing the builders' construction loans ?

GVI Forex john 12:50 GMT March 16, 2010
GVI Forex Trading Support



Earlier EZ- HICP in line... No pressure on ECB to do anything.

GVI Forex john 12:46 GMT March 16, 2010
GVI Forex Trading Support



CHART: New Homes Sales, Starts and Permits

Not a market mover...

GVI Forex Blog 12:35 GMT March 16, 2010 Reply   

FX Thoughts for the day : 16-Mar-2010 - 1232 GMT

Mtl JP 12:30 GMT March 16, 2010
Gbp on 50% fibo

Richland QC Mailman 08:25 GMT March 12 -- one great prancing call with her majesty. outstanding !

Tok JT 12:27 GMT March 16, 2010


Many OPT Ks around 90

Gen dk 12:19 GMT March 16, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

GVI Forex john 12:15 GMT March 16, 2010
GVI Forex Trading Support

Simple Answer. Real Estate is all about location, location, location... Excess supply in L.A. does not help someone in Boston.

Mtl JP 12:11 GMT March 16, 2010
GVI Forex Trading Support

why ... why build even one new house when there are More than 18.7 million homes stood empty (Bloomberg 24 Jul 2009) in the US ?

GVI Forex Jay 12:10 GMT March 16, 2010
EUR/USD
Reply   


As posted on GVI Forex

Note the up trendline on the 1 hour chart. Current pattern is consoldiation (wihtin 1.36-1.38) but break of this trendline would be needed to negate the upside risk. Similar trendline on 4 hour chart.

GVI Forex john 12:02 GMT March 16, 2010
GVI Forex Trading Support

Data @ 13:30 GMT New Home Starts/Permits

New Home Sales record sales of U.S. newly constructed residences. The U.S. Census Bureau publishes New Home Sales statistics month.

London ex 11:41 GMT March 16, 2010
Invisible Hand in $/yen?

Buy USDJPY
Entry: 90.30 Target: 91.45 Stop: 89.80

All wrong below G-V can you erase? I believe Tokyo is holding 90.00. Probably my bid is too low, but I dot I don't want to pay up here.

London ex 11:05 GMT March 16, 2010

Reply   

Entry: 90.30 Target: 89.80 Stop: 91.45

I think someone large is behind the scenes holding $/yen above 90.00.

GVI Forex Jay 10:55 GMT March 16, 2010
USD/JPY
Reply   


As posted on GVI FOrex

"Risk on" whipsaw day with JPY cross weakness giving USD/JPY support and helping in the bounce from a 90.00 test earlier but still in its range. Resistance is at 90.80 (Monday high) and 91.08 (Friday high), ahead of 91.23 (key daily trendline).

Sharp move up from 90.00 leaves little in way of obvious support. Using intra-day charts, minor supports at 90.45-50 and 90.35.

Volatility in JPY crosses makes it hard to hold a position with a reasonable stop. Fed and BOJ meetings next on the agenda, latter should be discounted given widespread talk of liquidity easing step.

Note the convergence of mva,

90.07 = 20 day
90.11 = 100 day
90.39 = 50 day

91.76 = 200 day

Gen dk 10:50 GMT March 16, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Juffair KaL 10:49 GMT March 16, 2010
Just Amazed now!!
Reply   
sitting here with bunch of people from everywhere...here in Bahrain
while i am here i was just recalling what a Bass Player I met the day before said + Watched Nielson Mendala Movie.
The Bass Player was saying to me tha some African Fundenmetalist...leading people to hit on South Africa's whits...Basically to leave south Africa.
was in the USA when most college people where against a so called apartaied.
this whole thing just puts me in a wiser mind i guess....
most other religions and goood institutions (Visionary)...where against
I guess i can put in a few words
"You can not be unfair to others"
it will back fire so bad...it aint worth it.
If you think you can do it....it's actually the wisdom not to.
Funny how the contiunous failure of goverments all over...thinking that they are above all...
funny indeed...
Religion being another institute to make people under control...Goverments is just alike...Just evolved form
The bass player never said..."It would have to eventually happen"
Cause we were unfair to them for many years

GVI Forex Jay 10:48 GMT March 16, 2010
EUR/GBP
Reply   


Trendline is .9040 - flatline worked again as resistance -see chart

GVI Forex Blog 10:35 GMT March 16, 2010 Reply   
Currencies: Reserve currency debate continues to simmer but the market focus will be on central bank alert over the next 24 hours with the Fed and BOJ decisions expected.

European Market Update: German ZEW survey highlights German export recovery; Reserve currency issue continues to simmer for USD

jeursalem KB 10:25 GMT March 16, 2010
BUY EURO

break of 1.3620 will bring 1.3530 only a daily close below 1.3480 will bring 1.3300 and 1.3075 if happened, but now it is in uptrend as long as 1.3620 hold but i am out of trade as looks weak to continue this weak uptrend

Melbourne Qindex 10:19 GMT March 16, 2010
GBP/USD : Current Comments
Reply   
Sell GBPUSD
Entry: Target: Stop:

GBP/USD : Assume a range trading of 1.4960 - 1.5125 for the time being.

tokyo rana 10:18 GMT March 16, 2010
BUY EURO

Sell GBPJPY
Entry: Target: Stop:

Kal thanx for info always...
what about gbpjpy?
why suddenly yen so weak and everything up against yen?
best regards

Juffair KaL 10:16 GMT March 16, 2010
BUY EURO

heading to 1.33

Belgrade AS 10:14 GMT March 16, 2010
German data

there are 2 ways to look at German data:
1)sentiment slips to 44,5(from 45,1)
2)better then expected(43,5)
too tricky for my taste!
euro-zone CPI came as expected...shouldn't move the market much!

jeursalem KB 10:14 GMT March 16, 2010
BUY EURO

closed at 25pisp+( better to sell rally) change in all my view in this pair unless sastain break above 1.3739

Juffair KaL 10:04 GMT March 16, 2010
short eurusd
Reply   
short here

Hesham Cairo 10:04 GMT March 16, 2010
gbpusd 150-200 pips

To Wfakhoury: That is good to understand. Thank u

jeursalem KB 10:03 GMT March 16, 2010
BUY EURO

Buy EURUSD
Entry: Target: Stop:

stop on 1/2 half now at 1.3635 for open target

Amman wfakhoury 10:03 GMT March 16, 2010
gbpusd 150-200 pips
Reply   
Hesham Cairo 10:00 GMT March 16, 2010
------
in few words
sell if breaks 15080 down and sl 15100.

Belgrade AS 10:02 GMT March 16, 2010
gbpusd 150-200 pips

16 Mar 10:41:40 U.K.: DCLG HOUSE PRICES IN JANUARY RISE 6.2% FROM A YEAR AGO, AFTER CLIMBING 2.9% THE MONTH PRIOR, WITH EXPECTATIONS OF 3.5%.
------------------------------------------
this was the catalyst(20 minutes ago)

Hesham Cairo 10:00 GMT March 16, 2010
gbpusd 150-200 pips

To W Fakhoury:
I don't understand what u want to tell us. Please be accurate in ur words

London Misha 09:59 GMT March 16, 2010
Observations
Reply   
EURUSD - Bearish Harami & Two Day Reversal down on the Daily Chart.
USDJPY - Spinning Top, possibly an Inside Bear Day on the Daily Chart.
GBPUSD - Two Day Reversal Down on the Daily Chart. Possible Bear Flag forming on the Daily Chart.
EURGBP - Another Long Legged Spinning Top. Possible Ascending Triangle forming on the Daily Chart.
EURJPY - Bearish Harami on the Daily Chart.
AUDUSD - Bearish Harami & a Hanging Man on the Daily Chart.
NZDUSD - Another Spinning Top on teh Daily Chart. Market still above the Long MA!

Amman wfakhoury 09:57 GMT March 16, 2010
gbpusd 150-200 pips
Reply   
Amman wfakhoury 09:52 GMT March 16, 2010
gbpusd 150-200 pips: Reply
gbpusd told me unable to continue up and prefer to go down
---------
dont trust gbpusd unless it breaks again 15080 and keeps
below it.

Juffair KaL 09:54 GMT March 16, 2010
eurusd 6 hrs trader

gbpjpy
High=1.0066
Low=0.992
same way

tokyo rana 09:53 GMT March 16, 2010
gbpjpy short
Reply   
Sell GBPJPY
Entry: Target: Stop:

ijust came back from outside and im seeing everything going against yen...wat happen?any news came out?any view?best regards

Amman wfakhoury 09:52 GMT March 16, 2010
gbpusd 150-200 pips
Reply   
gbpusd told me unable to continue up and prefer to go down.

GVI Forex Blog 09:50 GMT March 16, 2010 Reply   
March 17th: Bank of Japan will be holding a press conference, their preferred method of communicating with investors.

Forexpros Daily Analysis - 16/03/2010

Juffair KaL 09:50 GMT March 16, 2010
eurusd 6 hrs trader
Reply   
High=1.0046*Previuos close
Low =0.9946*Previous close

1.3676 was previuos 6 hrs close

if u wanna try this

Frankfurt HH 09:50 GMT March 16, 2010
GVI Forex Trading Support

ZEW influenced by how stock market is doing.

GVI Forex john 09:46 GMT March 16, 2010
GVI Forex Trading Support

German ZEW Survey @ 10:00 GMT

The ZEW Financial Market Survey is a monthly survey among 350 financial analysts and institutional investors in Germany. It has been conducted since 1991. Participants are asked about their six-months expectations concerning the economy, inflation rates, interest rates, stock markets and exchange rates in the Eurozone, Germany, Japan, United States, United Kingdom, France and Italy as well as their expectations concerning the oil price.

EZ Consumer Price Index (HICP)

The CPI is an index designed to measure the change in price of a fixed market basket of goods and services. The market basket of goods and services is representative of the purchases of a typical consumer. Most countries have an alternate measure of inflation where they exclude volatile items, such as food and energy, to arrive at a measure of underlying inflation. Colloquially, this is usually referred to as “core” inflation. Core inflation can be a useful analytical tool.

Many Central banks explicitly target inflation levels. An acceleration or deceleration of inflation may signal that a change in monetary policy might be appropriate.

London Chris 09:46 GMT March 16, 2010
German data
Reply   
eurusd may be getting a lift ahead of German data (ZEW)

GVI Forex Blog 09:41 GMT March 16, 2010 Reply   
The dollar was steady against the euro on Tuesday, hamstrung ahead of U.S. Federal Reserve and Bank of Japan policy meetings.

FOREX NEWS-Dollar steady before Fed meeting

GVI Forex Blog 09:41 GMT March 16, 2010 Reply   
10:00 GMT- Mar 16 (global-view.com) Forex markets appear to be looking for direction at this hour. Key to the confusion of traders has been the failure of the EURUSD at above the 1.3700

Daily GVI Forex Forex View- Waiting for the Fed

GVI Forex john 09:38 GMT March 16, 2010
GVI Forex Trading Support


The Daily Forex View

Waiting for the Fed

10:00 GMT- Mar 16 (global-view.com) Forex markets appear to be looking for direction at this hour. Key to the confusion of traders has been the failure of the EURUSD at above the 1.3700 level 

MORE...




Amman wfakhoury 09:36 GMT March 16, 2010
gbpusd 150-200 pips
Reply   
mostly the price has not enough momentum to take us 150-200 pips above 15080-90.
so I expect the price to decline again from 15080 area
and break 15020 to down.

Amman wfakhoury 09:23 GMT March 16, 2010
gbpusd 150-200 pips
Reply   
Johannesburg HvW 09:05 GMT March 16, 2010
--------
yes after reaching 14988 , it will consilidate in the area 15020-15080 ..breaking this area will determine the direction.

Geneva ej 09:09 GMT March 16, 2010
EURCHF
Reply   
Buy
Entry: 1.4500? Target: 1.4570 Stop: 1.4470

Still not ready to pull the trigger on a buy. You can't count on a central bank to support your positions. We need a sign!

Johannesburg HvW 09:05 GMT March 16, 2010
gbpusd 150-200 pips

What are you suggesting Mr. Whakfoury? That the GBP/USD will go UP from your suggested 1.4988 level with 150 - 200 pips? Sorry, but you are a bit vague most unlike you.

Possible with FOMC later today, but right now? Correction was interesting to say the least.

Hong Kong 09:03 GMT March 16, 2010
EUR/USD Intra-day signal by AceTrader
Reply   
INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD
EUR/USD: 1.3683

Late Update At 16 Mar 2010 08:44 GMT

Despite euro's retreat fm 1.3701 to 1.3657, sub-
sequent rebound suggests further 'choppy' trading
inside nr term range of 1.3657-1.3701 wud continue.
as long as 1.3701 holds, daily bearishness remains
for decline fm 1.3796 to head twd 1.3600 later.


Exit short n stand aside for now. Below 1.3657
wud bring re-test of 1.3639, then 1.3600.

Range Forecast
1.3665 / 1.3790


Resistance/Support
R: 1.3701/1.3726/1.3761
S: 1.3657/1.3639/1.3621

http://www.acetraderfx.com

Syd 08:58 GMT March 16, 2010
Limited Upside Seen for Euro-Dollar
Reply   
Mitul Kotecha, head of global FX strategy at Credit Agricole, sees limited upside for the euro-dollar. He tells CNBC's Anna Edwards & Maura Fogarty what is needed to turn things around for the single currency.http://www.cnbc.com/id/15840232?video=1442106515&play=1

Juffair KaL 08:39 GMT March 16, 2010
EUR/JPY : Current Comments

i agree Dr. Q
about the top
but i think wants lower then your lows
i think wants lower then 118 this time
GT Dr. Q

124.1394 119.4071
124.6126 118.9338
125.5591 117.9874
126.5055 117.0409

sahiwal 08:28 GMT March 16, 2010
the best
Reply   
Buy EURUSD
Entry: 136.25 Target: 13690 Stop: 135.90

i think this level is the best for buy euro and gain profit

Belgrade AS 08:16 GMT March 16, 2010
EUR/USD forecast

quiet 1,3650-1,3700 day untill FOMC

Melbourne Qindex 07:49 GMT March 16, 2010
EUR/JPY : Current Comments
Reply   
Sell EURJPY
Entry: Target: Stop:

EUR/JPY : Since the market is consolidating within the weekly cycle matrix system at 121.29 - 12.42 - 125.55, sell on rallies is the preferred trading strategy. the current expected trading range is 122.87 - 124.07.



EUR/JPY : Monthly Cycle Charts
http;//www.qindex.com/eur-yen.hml

Amman wfakhoury 07:49 GMT March 16, 2010
gbpusd 150-200pips
Reply   
Amman wfakhoury 06:27 GMT March 16, 2010
gbpusd 150-200 pips: Reply
we are waiting the price to touch 14988 , then 150-200 pips movement is coming.
------------
here we are around 14988 ..lets see what is next ?

jkt-aye 07:28 GMT March 16, 2010
Trends these days

thx Kal. gtgl

Juffair KaL 07:16 GMT March 16, 2010
Trends these days

eurchf in general a sell
correction at < 1.4450
1.4690 1.4436
1.4715 1.4411

Juffair KaL 07:09 GMT March 16, 2010
Trends these days

in the futures forum
did the nasdaq 100 stocks
for the trends if you wanna take a look
aapl still north

Juffair KaL 06:58 GMT March 16, 2010
Trends these days

USO= Oil
wants a correction north this month IMO
Not buying it...but one wants to...order at good dips this week
cause when wants to reverse does volitile act
gl

Juffair KaL 06:52 GMT March 16, 2010
Trends these days

i checked it
got nothing
maybe in a few days
same with audusd and nzdusd

jkt-aye 06:50 GMT March 16, 2010
Trends these days

eurchf buy ?

Juffair KaL 06:40 GMT March 16, 2010
Trends these days
Reply   
prety sure about these trends

eurusd sell
gbpusd sell
usdchf buy
usdjpy sell
usdcad sell


gbpjpy sell
gbpcad sell
eurgbp buy
gbpchf sell
gbpnzd sell
gbpaud sell
eurcad sell
euraud sell

eursek sell
eurnok sell
audchf buy

Richland QC Mailman 06:35 GMT March 16, 2010
Euro encountering 1.3700 resistance
Reply   

Entry: 1.3690 Target: 1.3640/30 Stop: 1.3720

Sold.

Amman wfakhoury 06:27 GMT March 16, 2010
gbpusd 150-200 pips
Reply   
we are waiting the price to touch 14988 , then 150-200 pips movement is coming.

Syd 06:24 GMT March 16, 2010
RBA Needs to Accelerate Rate Hikes: Strategist
Reply   
The RBA probably needs to tighten rates a little bit faster, says Greg Gibbs, senior currency strategist at RBS. He explains why to guest host, Dominic Schnider of UBS, CNBC's Karen Tso, Martin Soong & Sri Jegarajah.link

Hong Kong 06:20 GMT March 16, 2010
GBP/USD Daily Market Outlook by AceTrader
Reply   
INTRA-DAY GBP/USD: 1.5056

Last Update At 16 Mar 2010 04:40 GMT


Although cable has edged higher in tandem with
euro in Asian morning trading, as 1.5073 has capped
recovery, consolidation with downside bias remains
for re-test of y'day's 1.5019 low but below needed
to extend weakness to 1.4980 later today.


Hold short n only abv 1.5087 wud risk stronger
retrace. of y'day's fall fm 1.5218 twd 1.5118/23.


Range Forecast
1.5040 / 1.5070


Resistance/Support
R: 1.5089/1.5123/1.5173
S: 1.5019/1.4993/1.4947

http://www.acetraderfx.com

tokyo rana 06:05 GMT March 16, 2010
JPY BoJ Monetary Policy Meeting
Reply   
Sell GBPJPY
Entry: Target: Stop:

today 4am uk had news JPY BoJ Monetary Policy Meeting...still not come out?im shorting...ithink qindaq very right..bestregards

Melbourne Qindex 06:02 GMT March 16, 2010
GBP/JPY : Current Comments

Sell GBPJPY
Entry: Target: Stop:

GBP/JPY : The weekly cycle pivot centers are positioning at 133.88 - 135.03 - 135.58.

Melbourne Qindex 06:00 GMT March 16, 2010
GBP/JPY : Current Comments

Sell GBPJPY
Entry: Target: Stop:

GBP/JPY : The bias is on the downside when the market is trading below the range at 135.86 - 136.47.

Melbourne Qindex 05:55 GMT March 16, 2010
GBP/JPY : Current Comments

Sell GBPJPY
Entry: Target: Stop:

GBP/JPY : I would assume that the market will tackle the range 134.24 - 135.02 later today in the New York session.

Melbourne Qindex 05:44 GMT March 16, 2010
GBP/JPY : Current Comments

Sell GBPJPY
Entry: Target: Stop:

GBP/JPY : Critical Support 131.82


When the market downward trending momentum is strong enough to penetrate through the barrier at 133.55 - 133.88, the market will head for the critical support at 131.82. Sell on rallies is the preferred trading strategy. 135.64 - 135.84 is a resistant barrier.


GBP/JPY : Monthly Cycle Charts
http://www.qindex.com/gbp-yen.html

USABAY 05:10 GMT March 16, 2010
GBP/JPY : Current Comments

MELBOURNE QINDEX

Thanks a lot Dr Q

Melbourne Qindex 05:08 GMT March 16, 2010
GBP/JPY : Current Comments

GBPJPY
Entry: Target: Stop:

GBP/JPY : Speculative selling pressure will increase when the market is below 135.21.

Melbourne Qindex 05:07 GMT March 16, 2010
GBP/JPY : Current Comments

EURGBP
Entry: Target: Stop:

EUR/GBP : I havn't updated my analysis but I have a gut feeling that it will go higher.

USABAY 05:02 GMT March 16, 2010
GBP/JPY : Current Comments

MELBOURNE QINDEX,

DR Q would you recommend shorting it at 9135, since it has 3 times tried to ocercome that level. tia

Melbourne Qindex 04:56 GMT March 16, 2010
GBP/JPY : Current Comments

EUR/GBP : When we look at the monthly cycle charts the market needs to overcome the resistance at 0.9135.


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

USABAY 04:37 GMT March 16, 2010
GBP/JPY : Current Comments

MELBOURNE QINDEX

DR Q, Do you think we will see a test of 9195 in eurgbp in the next trading sessions. tia

USABAY 04:37 GMT March 16, 2010
GBP/JPY : Current Comments

MELBOURNE QINDEX

DR Q, Do you think we will see a test of 9195 in eurgbp in the next trading sessions. tia

Melbourne Qindex 04:25 GMT March 16, 2010
GBP/JPY : Current Comments
Reply   
Sell GBPJPY
Entry: Target: Stop:

GBP/JPY : The market is heading towards the supporting range at 133.32 - 133.38.

Syd 04:07 GMT March 16, 2010
April rate rise 'a coin toss'
Reply   
THE CHANCES of an April interest rate rise remain "a coin toss'' with the board minutes from the Reserve Bank's last meeting shedding limited light on its next move.
Economists said yesterday that while interest rates would move higher this year the timing of the next rate hike was difficult to predict.
"The precise timing of the Bank's decisions going forward is highly dependent on the ebb and flow of the domestic data and events offshore,'' said JP Morgan economist Helen Kevans.
"In our view, whether or not the RBA hikes again on April 4 remains a coin toss.''

GVI Forex Blog 03:43 GMT March 16, 2010 Reply   

Morning Briefing : 16-Mar-2010 - 0341 GMT

Syd 03:33 GMT March 16, 2010
DJ MARKET TALK: China Govt Bonds Up; Inflation Worries Recede
Reply   
China government bonds higher as concerns over inflation recede after Xinhua News Agency yesterday quoted NDRC official Zhou Wangjun as saying February's year-on-year CPI rise in "normal" range. "Beijing needs to observe March economic data for further policy decisions," says Shenzhen-based analyst with local fund. Adds, PBOC's move to leave its benchmark 1-year bill yield unchanged in open market operation signals it has no intention to hike official interest rates or reserve requirement ratio in near term. Shanghai Stock Exchange government bond index at 124.01 vs 123.96 last close, likely to maintain positive bias amid excess liquidity.

USA ZEUS 02:58 GMT March 16, 2010
EUR/USD

Take the nice scalp/swing gains on EUR/USD @ 1.3684 and run do not walk. That is how the game is played.

Syd 02:54 GMT March 16, 2010
Euro
Reply   
EU Lays Groundwork for Greek Lifeline to Shore Up Scarred Euro March 16 (Bloomberg) -- European finance ministers laid the groundwork for a financial lifeline to debt-stricken Greece, breaking a taboo against aid to cash-strapped governments in order to avert a crisis for the euro. http://www.bloomberg.com/apps/news?pid=20601085&sid=a6LrzQ9Wqc68

Gen dk 02:48 GMT March 16, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Syd 01:54 GMT March 16, 2010
DJ MARKET TALK: Aussie Bond, AUD Move Post RBA Mins Won't Last-TD
Reply   
Aussie bonds up slightly, AUD off slightly even after RBA minutes strike hawkish tone, with Annette Beacher, a senior strategist with TD Securities saying action is muted and likely to reverse. "No one likes to do anything right before the FOMC," says Beacher, adding market reaction contradicts tone of minutes. Strategist says two key points of RBA minutes were a more upbeat tone on the consumer from last month and more solid language that issues in Europe wouldn't affect Australia. For now, Beacher forecasts a pause in RBA rate hikes in April, but forecasts 5.25% cash rate by year-end, up from 4% currently. 3-year bonds recently at 94.73, up from 94.71 just prior to minutes.

Syd 01:33 GMT March 16, 2010
inmates running the nut house
Reply   
Mtl JP 01:27 Australian housing market due to the grant is getting totally out of hand, at least the RBA have an eye on the situation as mentioned in the minutes

Mtl JP 01:27 GMT March 16, 2010
Loans Going Bad Faster Than the Fixes

SYD is that a good news bad news joke ? rofl

here is a SURE, 100% bet: gov' t morons simply don't learn: they just make the same errors repeatedly & continue to pursue failing interventions, collectivelly resisting & averting to admitting and accepting losses. In their mindset when something does not work, they just come back. For more moRE MORE ... money, staff...

Melbourne Qindex 01:20 GMT March 16, 2010
Gold : Resistance at 1133
Reply   
Buy Gold
Entry: Target: Stop:

Gold : The market is able to pick up support at 1101.5. The current expected trading range is 1101.5 - 1141.6. The resistant range is expected at 1150.8 - 1176.9 and a supporting range is positioning at 1072.9 - 1098.5. Buy on dips is the preferred trading strategy.

Syd 01:16 GMT March 16, 2010
Loans Going Bad Faster Than the Fixes
Reply   
The good news is the pace of loan deterioration is slowing.
The bad news is we are still seeing record high delinquencies, and new delinquencies are outpacing loss mitigation efforts
http://www.cnbc.com/id/35878820

Hong Kong 00:56 GMT March 16, 2010
Daily Market Outlook by AceTrader
Reply   
Market Review - 15/03/2010 22:49GMT

Euro falls on persistent Greek worries and Chinese tightening


The greenback gained against most of its major counterparts except the yen as global stocks slid after China’s premier rebuffed calls for the Chinese yuan to appreciate. The euro dropped against most currencies as officials from the EU damped speculation a meeting this week will produce a rescue strategy for debt-strapped Greece.

'Irish Times' on Sunday carried a comment by EU spokesman saying 'euro zone has not agreed a financial support package for Greece' pressured euro early on. The news along with ongoing speculation that China is close to tighten its monetary policy has pushed the single currency down to 1.3726 in Asia before staging a minor bounce. Later in Europe, a German government spokesman said 'no political decision to be made on Monday on euro zone aid for Greece'. A lack of progress on a financial aid package for Greece triggered renewed selling interest on euro and price tumbled to 1.3639 in NY mid-day before recovering on profit-taking.

A virtually standstill house price data came out from U.K in early Asian morning. The 0.1% increase in Rightmove house prices m/m in March was the slowest growth ever recorded and this supported recent data from Halifax and Nationwide showing that UK housing market remains in a tough period. Despite the disappointing housing data, the sterling rose briefly to a high of 1.5218 on Moody's comment that Britain wound retain its AAA rating. However, price nose-dived afterwards on broad-based USD strength and cross selling in sterling. Cable tumbled to an intra-day low of 1.5019 in NY mid-day before stabilizing.

The Federal Reserve will announce an interest rate decision on Tuesday 18:15GMT, most economists forecasting policy makers will keep the benchmark interest rate unchanged at a record-low range of 0.00-0.25%.

Economic data to be released on Tuesday include Australia RBA release minutes, Japan monetary policy meeting, machine tools orders, U.K. DCLG house prices, EU HICP final, ZEW survey, U.S. Building permits, housing starts, import and FOMC rate announcement.

http://www.acetraderfx.com

Syd 00:51 GMT March 16, 2010
DJ MARKET TALK: RBA Minutes Highlight Strong Growth Rate
Reply   
RBA's minutes for March meeting have a hawkish tone with no mention of decision to raise rate being finely balanced as it was in past. Central bank says evidence pointing to continuing economic recovery in Australia with some indicators suggesting "growth might already have been running at or close to trend (historical average rate) for a few months". Not much on outlook for policy with no mention about flexibility in policy. RBA says only that evidence "confirmed that it remained appropriate for interest rates to move gradually towards normal levels". Also, says base case is that European fiscal problems won't lead to renewed market turmoil.

Syd 00:32 GMT March 16, 2010
DJ RBA Minutes: Latest Evidence Justified Rate Rise Toward Normal Level
Reply   
Mounting evidence that economic conditions are quickly returning to normal in Australia drove a decision by the central bank to raise interest rates a further notch at the start of March.

"On balance, members concluded that the evidence that had become available recently had confirmed that it remained appropriate for interest rates to move gradually towards normal levels," minutes of the Reserve Bank of Australia's March 2 board meeting said Tuesday.

The minutes suggest the RBA will continue to nudge rates higher over the medium term at a reasonable pace. The RBA has already indicated that a normal cash rate is around 4.50% to 4.75%.

The RBA noted "significant momentum" in house price growth, solid consumption spending, a pickup in dwelling activity and an expected mining upswing as evidence that a broad-based recovery in the economy is underway.

A notable omission from the minutes was any reference to the outcome in March being a "finely balanced" decision for the nine-member board. Prior to March, the RBA had indicated that rate rises had been a matter of close two-sided debate.

Interest rates have been raised four times since October 2009, with the last 25-basis-point rise on March 2 taking the cash rate target to 4.0%.

The RBA said that while some weakness existed in the global economy, Asia was strong. The board anticipated that fourth quarter economic growth data due out the day after the meeting would affirm its view that the economy was on the mend.

Australia's economy grew by 0.9% in the fourth quarter from the third, bringing the on-year rate of growth to 2.7%.

"Some indicators suggested that growth might already have be running at close to trend for a few months," the minutes said.

The RBA remains confident that its forecast of falling inflation by the end of 2010 remains intact. It said falls in private-sector wages growth supported the view inflation would be around 2.5% by year end, down from an expected 3.0% midyear.

Ahead of the minutes, financial markets had put a 35% probability of a back-to-back rate hike at the start of April.

Recent indicators of economic activity have pointed to strength in Australia, with close to 200,000 jobs created between October and February, pulling the unemployment rate down to 5.3%, from a peak in 2009 of 5.8%.

But there have also been areas of weakness with housing finance falling sharply, largely as a result the withdrawal of economic stimulus directed to new home buyers.

The minutes also said the RBA considered at the meeting mounting risks in the global economy, especially the threat of sovereign default in Greece.

But the issue was not considered big enough to warrant the suspension of a rate hike in March.

Problems in Europe could result in renewed international turmoil, "but while such an outcome could not be ruled out, it was not the most likely one," it said.



Syd 00:30 GMT March 16, 2010
rba
Reply   
EUR, AUD may rise on soon-to-be-released minutes of RBA's March monetary policy meeting, in which RBA hiked rates, write both RBS strategist Akane Uchida and censored strategist Akira Maekawa in separate notes. Maekawa says "some investors expect RBA to hike its rates to 5% down the road, so if the minutes show the central bank's hawkish stance toward additional rate hikes ahead, risk-sensitive currencies may rise." Dealers in Tokyo say if that happens, gains can be quite sharp as flows currently thin as long-term investors on sidelines ahead of FOMC meeting outcome later in day.

London SS 00:19 GMT March 16, 2010
EUR/USD forecast

1.3645 - 1.3780

GVI Forex Blog 00:02 GMT March 16, 2010 Reply   

Euro Traders still Waiting for Greek Bailout News

sofia kaprikorn 00:01 GMT March 16, 2010
trendline support



Sell OTHER
Entry: 82.51 Target: Stop:

03/15/2010 14:53:23 kaprikorn sofia 5
sofia kaprikorn 08:02 GMT March 15, 2010
..........
sill holding the short AUD/USD position from 0.9155.
__________________________________

closing here at 91.37 for +18

.....

short AUD/JPY at 82.51

I see the Bearish Engulfing pattern and possible market volatility would be expressed better in JPY strength so I deem the cross as a better positioning for profit from unexpected market downturn

 




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