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Forex Forum Archive for 03/17/2010

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GVI Forex Blog 23:48 GMT March 17, 2010 Reply   

No Sign of Weakness as Stock Indices Soar

GVI Forex Blog 23:47 GMT March 17, 2010 Reply   

Euro falls as Hope for Bailout Fades

Syd 23:28 GMT March 17, 2010
JAPAN PRESS:
Reply   
Some lawmakers in Japan’s coalition government are
calling for additional economic stimulus measures to fight deflation, after the fiscal 2010 budget is approved by parliament
Nikkei reported.

GVI Forex john 22:44 GMT March 17, 2010
GVI Forex Trading Support

Do you have any questions about what is happening, or why it is happening?

Do you want an opinion on a currency pair
or other instrument, or a critique of a trading idea?

Step forward and ask on one of our forums. Someone here always will have an informed answer!

We are here to help
!

Syd 22:35 GMT March 17, 2010
DJ MARKET TALK: Correction On McCrann RBA Call To Lift AUD - NAB
Reply   
A correction from RBA watcher Terry McCrann may make waves in AUD, Aussie bonds today, according to several strategists. News Ltd.'s McCrann, who had called for RBA to pause in April in an article yesterday, today said it was a mistake and he expects RBA will "probably" raise rates at that time. "As such, we may see the implied probability of a 25 (basis point) rate hike in April head up from the current 32%, providing the AUD with a boost. Initial resistance is at 0.9245/50 then the key level is the year-to-date high of around 0.9330 struck in mid-January," wrote NAB Strategist John Kyriakopoulos in a morning note. AUD/USD recently at 0.9237.

Mtl JP 22:22 GMT March 17, 2010
trendline support

kaprikorn 20:22 been there done that still alive in this sordid world of moneywhores. do not claim to know it all & probably never will.

if you chose you can send an me an e-mail via Jay if you think there might be some merit.

dc CB 22:18 GMT March 17, 2010
Daily Show
Reply   
2nd part of this segment is pretty pointed. How this economy really works.

http://www.thedailyshow.com/watch/wed-march-17-2010/in-dodd-we-trust

Syd 21:59 GMT March 17, 2010
AUD/USD Closing In On Key 0.9320-30 Level - ANZ
Reply   
Week's AUD/USD upward momentum likely to continue over next two sessions as wave of central bank commentary across globe ends, says Amy Auster, head of FX strategy for ANZ. AUD/USD recently at 0.9235, up from just below 0.9180 late yesterday, pushing back above 0.9200 for only second time since late January. "It's a nice strong move but we need to get above the 0.9320-0.9330 level on the week. If not, I think we'll be in this continued frustration of just range-trading," says Auster. Adds traders should keep eye on U.S. CPI data tonight, where a surprise to downside would weigh on USD.

RBA casts doubt on CPI figure LINK
Australian dollar nears a two-month high on US, Japan rate bets LINK

US Dollar May Fall Further Against Euro, Australian Dollar

Read more: DailyFX - US Dollar May Fall Further Against Euro, Australian Dollar
A sharp pickup in FX Options Risk Reversals suggests that the Euro/US Dollar could bounce through upcoming trade—signaling that many traders are betting on and hedging against further Euro strength. Given that forex futures positioning remains heavily net-short the EUR/USD, any unwind in short positioning could force significant strength. Indeed, the longer the Euro holds its lows the greater chance we see a substantive bounce on technicals alone. The limiting factor remains exceedingly low volatility expectations, but watch for risks of a Euro jump higher.LINK

HK [email protected] 21:38 GMT March 17, 2010
AUS/USD trading the edge
Reply   


There is a chance one of the two lines or both may be touched.

San Diego bobl 21:27 GMT March 17, 2010
usd/cad
Reply   
San Diego bobl 19:25 GMT December 22, 2009
usd/cad: Reply
JP.......
Thank you for the info. You and Pumpkin are CAD kings that I have noticed. As a technician, as Jay often reminds, there are KISS ways of viewing market action that have survived the test of time. A couple I look for: 1) 5 consecutive days in any direction on the daily chart often marks the beginning of a trend. 2) Wide range bars, like on the hourly chart, often display where the institutional traders are involved, e.g. smart money. Currently, the wide range bars on down on usd/cad cross. Not rocket science, but keeping it simple when the big picture shows a trend, and intraday action displays glaring bars, then it is a reasonable risk/reward situation that a property in motion will stay in motion (basic physics). Add to this with USD advances, some evidence is displayed that CAD bucks that equation. Bottom line for me..........short the usd/cad.

gl/gt

note: prior to this post I called for par on the pair

Singapore stan 21:24 GMT March 17, 2010
EURJPY
Reply   
Sell EURJPY
Entry: 124.45 Target: 123.70 Stop: 124.70

Trying to sell on a rally.

GVI Forex Blog 20:54 GMT March 17, 2010 Reply   
The Canadian dollar closed just below 99 U.S. cents on Wednesday, its highest level in almost 20 months, as it moved tantalizingly close to being on a one-for-one footing with the U.S. dollar.

Forex Market News - CANADA FX DEBT-C$ ends just below 99 U.S. cents, bonds sag

San Diego bobl 20:47 GMT March 17, 2010
trendline support

Sofia,

fwiw..........you know of course that the market "trends" only about 10 % of the time. I learned and have always been of the school of defining market character first and foremost. If you don't use a "top down" approach you'll find yourself captured imho. There are some very good traders here that use different methods, but clearly adjust to market......ex: UK JB, FM, Zeus to name just a small list of traders that are good, but different styles.

Another idea is to locate a bigger picture scenario via multiple timeframes..........and loading up for bigger rewards when they line up versus a static "opinion" of what the market "sould do".

As another example, yesterday I took a USD basket short, took early but multiple profits in the crosses, and put the rest @ b/e, which was elected. Since I had such a large basket, it was a rewarding day, but knowing the market is fickle at best right now, it was the right choice to log profits and give the trade a chance to enlarge, albeit being stopped on 2/3's but still in the money .

Another thing..........always watch Jay as he a master of simplicity yet correct market reading.

gl/gt

Syd 20:45 GMT March 17, 2010
Housing Market Sure to Double-Dip: Whitney
Reply   
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 "The Fed has been supporting the housing market, a third of the Fed's balance sheet is tied to mortgages," she said.

"The banks aren't issuing anything (in terms of mortgages) to hold, they're issuing everything to dump on" Fannie Mae, Freddie Mac and Ginnie Mae, Whitney added.
http://www.cnbc.com/id/35887306

sofia kaprikorn 20:22 GMT March 17, 2010
trendline support

Jay,
I can't understand it either.. there is some subtle part of my trading that I fail to fix - it is maybe a floating measure of success..

for example I was short aud/usd from 9160 a few days but didn't pick those 50-60 pips down to 9110/9095... was waiting for a bigger crash.. then I switched to short aud/jpy on monday as I was betting the S&P/ risk-on would bend after the 11 day grind up... all pullbacks were bought in high yielders and stoxx -
so then I knew I was screwed but I had exhausted my capital last week going for a break after the 11 down days in cad.. so I just left it to be liquidated..

thing is I read here and in the books about riding trends - going for bigger moves and then I find myself not satisfied with 30-40 pips - in other periods I commit to making say 50 pips a day and I manage to build on that for a few weeks steady returns.. then I have a 100-200 pip profits I get over confident and I start going for 100 pip moves and increase the risk and I go wiped out again..

that's just a simple psychological flaw that I find myself failing to correct.

Hesham Cairo 20:11 GMT March 17, 2010
trendline support

To Sophia: Never mind. Begin again with more power after taking some rest. With all my best regards to you

sofia kaprikorn 20:07 GMT March 17, 2010
trendline support

sofia kaprikorn 12:30 GMT March 11, 2010

AUD/USD - the daily view shows however other signals that call for attention with scope of the 0.9250 target of this Expanding Triangle formation..

The current rise from 0.8600 bottom to 0.9060 (approximately 450 pips) is the first leg of A-B-C pattern and the next leg of the same length from the higher low at 0.88 shows projected top at 0.9250-60 - where exactly the the Triangle pattern points.
-------------------------

interesting while I'm just watching the 0.9251 High today if it will be top here or a sign of powerful continuation.

anyway it's a strange feeling seeing something on the charts, losing the equity and then watching it happen after being wiped out.

Syd 20:04 GMT March 17, 2010
DJ DJIA Closes At Highest Level Since October 1
Reply   
Dollar Falls Vs. Riskier Currencies On Rate Outlook
The dollar tumbled against higher-yielding currencies Wednesday as bets that the U.S. Federal Reserve will keep ultra-low interest rates for a while prompted investors to snap up growth-sensitive assets. The Australian dollar hit a nearly two-month high against the greenback, while the Canadian currency is moving closer to parity against the dollar, which was down 0.7% to C$1.0075, a fresh 20 month-low. Wednesday afternoon in New York, the euro was at $1.3771 from $1.3776 late Tuesday, according to EBS via CQG. The dollar was at Y90.14 from Y90.22.

GVI Forex Blog 19:43 GMT March 17, 2010 Reply   
20:00 GMT- Mar 17 (global-view.com) It seemed that the markets could not decide whether or not to put the risk trade on Wednesday. The knee-jerk reaction of the dovish Fed statement was to buy risk, but

Daily GVI Forex Forex View- Risk Trades On or Off?

USA ZEUS 19:41 GMT March 17, 2010
GBP/USD

A little sloppy there but tidy gain nonetheless.

Cheers.

London Shaun 19:40 GMT March 17, 2010
Gold

Taking in 25% of my short from 1132.5 here at 19.5. Reckon there's a chance of seeing 1115 in F.E. maybe even 1112.5. It's looking to test 1100 by the end of the week im(very)ho.

GVI Forex john 19:39 GMT March 17, 2010
GVI Forex Trading Support


The Daily Forex View

Risk Trades On Or Off?

20:00 GMT- Mar 17 (global-view.com) It seemed that the markets could not decide whether or not to put the risk trade on Wednesday. The knee-jerk reaction of the dovish Fed statement was to buy risk, but

MORE...

GVI Forex Blog 19:39 GMT March 17, 2010 Reply   
Risk appetite remained strong last night, encouraged by a weak PPI report on the heels of an easy FOMC stance

Forex Research - Morning Report (Westpac)

Syd 19:31 GMT March 17, 2010
Charts: Dollar to Weaken vs Euro
Reply   
The "downward trend" in the euro versus the dollar is going to break and the euro could rise to $1.45 in the next 2 weeks, Chris Zwermann from Zwermann Financial told CNBC Wednesday. LINK
NZD/USD Could Test 0.7300 In Next Few Days-Westpac
NZD/USD could test 0.7300 in next few days on "residual flow-on from the FOMC meeting yesterday morning," says Westpac market strategist Imre Speizer. Says rally in U.S. markets after FOMC led to rally in Asia, Europe and on Wall Street again overnight; "It had enough residual power to push things up for a while." Says fact Kiwi managed to hold above 0.7100 overnight was key; pair last 0.7145. Says support should hold at 0.7100 and pair could push up to 0.7300 but would be surprised if it manages to break that level.

FED: Economists at Goldman says aside from benign inflation, a
“clearly U-shaped” rebound in economic activity once adjusted for the temporary boost from the inventory cycle late last year is keeping the Fed on the low for long path. With the inventory boost now largely behind us, GS says Q1 looks weaker and says there are downside risks to their 2.5% GDP estimate, noting that bad weather in Feb may put the burden on March. Nonetheless, the recovery “still looks much too gradual to warrant higher interest rates any time soon.”

FED: Bernanke says rates are at a low level because the economy is operating at a low level

NYC ET 19:30 GMT March 17, 2010
equities
Reply   
Equities coming well off highs and having some forex impact. Nothing else to focus on.

Napoli DC 19:02 GMT March 17, 2010
AudUsd
Reply   
Sell AUDUSD
Entry: 0,9235 Target: open Stop: 0,9260

magic cross at 0,925 is holding

nyc ws 18:59 GMT March 17, 2010
give up?
Reply   
I think the market gave up in the afternoon. Some odd flows in the jpy given the rise in stocks.

GVI Forex Jay 18:17 GMT March 17, 2010
EUR/GBP
Reply   
Low was .8954

GVI Forex Jay 10:01 GMT March 17, 2010
EUR/GBP: Reply
EUR/GBP is trading below .90 for the first time since March 1. Key event today is the break of tis daily trendline. Charts show little below the market in terms of key support. .8961 = 38.2% of .8656-.9150. .8952 = 20 day mva. .8913 = 100 day mva. See chart.

NYC ET 17:40 GMT March 17, 2010
equities
Reply   
and equities continue the slow but steady low volume low volatility uptrends

Neuville JD 17:18 GMT March 17, 2010
usd/cad
Reply   
I have reversed my long usd/cad for 0.9920

London Shaun 17:18 GMT March 17, 2010
GBP/USD

Zeus - do you also watch GBPCHF?

PAR 17:17 GMT March 17, 2010
Invisible Hand in $/yen

GS doing a little currency manipulation for BOJ . If GS can help Greece, they certainly can help Japan.

tokyo rana 17:12 GMT March 17, 2010
GBP/USD

thanx for info..
your mean under 1.50 and1.40?
what about gbpjpy?
best regards

tokyo tommy 17:06 GMT March 17, 2010
Invisible Hand in $/yen

Buy USDJPY
Entry: 90.15 Target: 90.40 Stop: 89.80

good idea. I agree with you.
I closed my position
and enter new,
london usd/jpy is obciously unclear!
back to 90.40-50

London Shaun 17:05 GMT March 17, 2010
GBP/USD

It's clearly a short squeeze and as long as you stick it out you'll be able to buy 'em back under 50 b4 the end of March and under 40 by end of June.

GVI Forex Blog 17:05 GMT March 17, 2010 Reply   
Bullish price action on AUD/USD, a daily chart of which is shown, continues to follow a well-defined uptrend support line extending from the early February low. In the process, price has just reached

Chart of the Day - 3/17/2010 – AUD/USD

USA ZEUS 17:03 GMT March 17, 2010
GBP/USD

And 1.5352 for the final.

tokyo rana 17:00 GMT March 17, 2010
Invisible Hand in $/yen

london usdjpy unclear nothing is hold no one knows ithink...best regards

tokyo rana 16:58 GMT March 17, 2010
GBPUSD SHOWING SOME REACTION TO 1.5385

Buy GBPUSD
Entry: Target: Stop:

guys gbpusd heading to 38.2% retracement of 1.6456 to 1.4783 at 1.5422 maybe ithink...best regards

London ex 16:57 GMT March 17, 2010
Invisible Hand in $/yen

Buy USDJPY
Entry: Target: Stop:

Long $/yen order filled . Stop unchanged. Hoping Japan, Inc holds 90.00??

USA ZEUS 16:56 GMT March 17, 2010
GBP/USD

And 1.5345

tokyo tommy 16:54 GMT March 17, 2010
I have no idea today

I created algorithm by myself
and am verificating how it works.

so my chart algorithm is still not perfect.

maybe near future I can tell you!

USA ZEUS 16:53 GMT March 17, 2010
GBP/USD

Added @ 1.5341

USA ZEUS 16:51 GMT March 17, 2010
GBP/USD

Fresh shorts @ 1.5336

jeursalem kb 16:49 GMT March 17, 2010
GBPUSD SHOWING SOME REACTION TO 1.5385

closed short gu .
it was a great day but i see more bullish reaction will come in this pair

tokyo rana 16:38 GMT March 17, 2010
I have no idea today

nice to meet you.im located in ot at chiba ken next totokyo...mr,pro what is saying your chart tellme also?your kind,one and only im not professional...im new and beginer in this field.best regards

GVI Forex Blog 16:37 GMT March 17, 2010 Reply   
BoJ eases; no major impact expected BoE looking at more collateral EUR off

Forex Market Commentary and Analysis (17 March 2010)

tokyo rana 16:34 GMT March 17, 2010
why only eurjpy weaken?

iwas talking about against yen....i understand reason greek back in headlines so euro falling against everything...
again bad time for eur.thanx alot.best regards

tokyo tommy 16:34 GMT March 17, 2010
I have no idea today

Nce to meet you.

I only knew that customer always fail.
so.......I am just following the other side of them.
customer means not professional!!
I am the PROFESSIONAL. 
I am the KNIG... haha
its just kidding.

anyway, I am just using the chart its created by EMA
and Fibonacci.

nyc ws 16:33 GMT March 17, 2010
why only eurjpy weaken?

euro mis weaker on all its crosses

Chicago sc 16:32 GMT March 17, 2010
why only eurjpy weaken?

rana- Its not only the EURJPY, Its also EURUSD. When you trade EURJPY, most times its about 80% a EURUSD trade.

tokyo rana 16:28 GMT March 17, 2010
why only eurjpy weaken?
Reply   
EURJPY
Entry: Target: Stop:

why only eurjpy weaken?
any idea? chf also little though..
best regards

Lahore FM 16:26 GMT March 17, 2010
Trade Ideas

Buy USDCAD
Entry: 1.0092 Target: open Stop: 1.0060

bought once again.

tokyo rana 16:26 GMT March 17, 2010
I have no idea today

nice to see some one from tokyo....
what do you trade?your idea tellme?
i trade only so far gbpjpy...
best regards

tokyo tommy 16:21 GMT March 17, 2010
I have no idea today

Thanx

NYC JM 16:20 GMT March 17, 2010
I have no idea today

Tommy, nice trade call.

Neuville JD 16:02 GMT March 17, 2010
eur/usd
Reply   
Sell EURUSD
Entry: 1.3745 Target: 1.3620 Stop: 1.3820

The daily pattern shows a reversal and the pair is now below its average on the 4 H chart.
GL/GT

tokyo rana 15:56 GMT March 17, 2010
GBPUSD SHOWING SOME REACTION TO 1.5385

cool same to you....
donot say 140.8 it makes sad..i short much...haha
happy trade,
best regards,

jeursalem kb 15:50 GMT March 17, 2010
GBPUSD SHOWING SOME REACTION TO 1.5385

yes rana my short in gbpusd also based on strong ress. faced when gbpjpy hit 139.20 area .
any way i wish u a good luck in your short, and all other tader positions

tokyo rana 15:41 GMT March 17, 2010
GBPUSD SHOWING SOME REACTION TO 1.5385

GBPJPY
Entry: Target: Stop:

hello KB,
watching gbpjpy...your target in one or 2days 140.900?haha....in one or days 136...
maybe this is dream....
best regards

Lahore FM 15:41 GMT March 17, 2010
Trade Ideas

Buy OTHER
Entry: 1.6560 Target: 1.6750/1.7500 Stop: 1.6420

long on gbpaud now.

euruad longs remainder stopped for even at original stop.

GVI Forex john 15:40 GMT March 17, 2010
bernake

Bernanke speaks @ 14:00 EDT or 18:00 GMT. Testimony is about regulation not policy.

jeursalem kb 15:37 GMT March 17, 2010
GBPUSD SHOWING SOME REACTION TO 1.5385

i plot a fib ret. in 15mint chart from yestrday low and it seems we see some reaction at 423.6 level which may show a reversal but not sure as it is placed in 15mint chart and bigger time chart is strongly bullish.
.......................................................
can`t belive it works /stop to entry at 1.5360 and closed half now

Chicago sc 15:37 GMT March 17, 2010
EURUSD
Reply   
Now suddenly the risk trade is off? It seems to have a half-life of only hours. Problem with this pair is that if you trade only on momentum, you can get stuck high and dry.

USA ZEUS 15:37 GMT March 17, 2010
GBP/USD

1.5277....MONEY TRAIN!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Adios.

Richland QC Mailman 15:33 GMT March 17, 2010
GBP/USD

Hi Zeus. What is your profit target? thanks

GVI Forex Blog 15:33 GMT March 17, 2010 Reply   
New York session FX trading saw a retracement in price action as technical exhaustion wore down the upward momentum of European pairs.

Forex Blog - US Market Update (Trade the News)

Napoli DC 15:28 GMT March 17, 2010
AudUsd
Reply   
could this be a nice place for a short?

USA ZEUS 15:27 GMT March 17, 2010
GBP/USD

Ok- now give 'er all you've got! Go Go GO!!!!!!!!!!!!!!!!!!

NYC ET 15:25 GMT March 17, 2010
correlations
Reply   
This is not a day for correlation traders.

USA ZEUS 15:24 GMT March 17, 2010
GBP/USD

Maybe you were watching a movie with that funny comedian... oh what's his name...? Buddy Whack-it?

GVI Forex Jay 15:23 GMT March 17, 2010
AUD YEN



Shaun, I don't trade it but using a daily chart it is testing (just above) its recent high, then

84.30
85.60
86.24 (key level)

tokyo rana 15:19 GMT March 17, 2010
AUD YEN

audjpy ithink 83.500 good resistance....best regards

USA ZEUS 15:19 GMT March 17, 2010
GBP/USD

Richard, who's your favorite Little Rascal, Alfalfa, or is it Spanky?

London Shaun 15:17 GMT March 17, 2010
AUD YEN
Reply   
Can someone tell me the chart points for AUD/YEN resistance topside please? Thanks in advance.

tokyo rana 15:17 GMT March 17, 2010
I have no idea today

please you tellme about chart which posted by Jay,what is saying this chsrt?ithink 139.300 is top strong cluster resistance 38.2% retracement 150.68 to 132.13 at 139.21...my guru saying go down.best regards

USA ZEUS 15:13 GMT March 17, 2010
GBP/USD

1.5277 next please n thanks

USA ZEUS 15:12 GMT March 17, 2010
EUR/USD

Scalpers can lock in a good haul here. Others can wait longer.

GVI Forex Jay 15:11 GMT March 17, 2010
bernake

Bernanke testifies on financial regulation so there will not be any comments on monetary policy.

USA ZEUS 15:11 GMT March 17, 2010
GBP/USD

Thank you Richy Rich!!

Hesham Cairo 15:10 GMT March 17, 2010
I have no idea today

To Rana: Look at the charts posted by Mr. Jay. Also, take more than one opinion (my opinion is not enough)

USA ZEUS 15:10 GMT March 17, 2010
GBP/USD

Here comes 1.52xx

brisbane rrm 15:10 GMT March 17, 2010
bernake
Reply   
what time is bernake speaking to congress today?

Richland QC Mailman 15:10 GMT March 17, 2010
short

pretty stubborn gbp huh...

As for the gbp/yen - I think it met a strong brick of resistance at 139.30 (61.8% fibo: 143.60 - 132). We could have seen the top already for the day. Great to short before that level.

brisbane rrm 15:10 GMT March 17, 2010
bernake
Reply   
what time is bernake speaking to congress today?

tokyo rana 15:09 GMT March 17, 2010
I have no idea today

Jay thanx for chart even though it is not for me...
what is saying this chart by the way please tellme...im very bad at charts...best regards

USA ZEUS 15:09 GMT March 17, 2010
EUR/USD

This is a go!

USA ZEUS 15:07 GMT March 17, 2010
GBP/USD

Hold on tight! Here we go!!!!

GVI Forex Jay 15:06 GMT March 17, 2010
I have no idea today



gbpyen 1 hour chart

GVI Forex Jay 15:06 GMT March 17, 2010
I have no idea today



Tommy, see daily gbp/jpy chart. 1 hour chart will follow in next post.

USA ZEUS 15:04 GMT March 17, 2010
GBP/USD

Will use 1.5305 to double position size from large to HUGE. Bring it Richard (formerly known as Dick)

tokyo rana 15:04 GMT March 17, 2010
short

Sell GBPJPY
Entry: Target: Stop:

cool....thanx alot....lets short than....good luck always..best regards,

GVI Forex john 15:03 GMT March 17, 2010
GVI Forex Trading Support

Do you have any questions about what is happening, or why it is happening?

Do you want an opinion on a currency pair
or other instrument, or a critique of a trading idea?

Step forward and ask on one of our forums. Someone here always will have an informed answer! 

We are here to help
!

Hesham Cairo 15:02 GMT March 17, 2010
short

To Rana: I am positive with ur view. Believe me

USA ZEUS 15:00 GMT March 17, 2010
GBP/USD

1.5343 bid is a SAR for all you've got.

tokyo rana 15:00 GMT March 17, 2010
short

thanx alot....
but your saying in positive way or nagitive way?
your confused me....
ithink eur usd gbp and nzd aud will fail to hold current....
about usd ihad expectations but usd also cud rise above 91.100...
ithink bullish move ended...
now yen time come...
BOJ also not give any surprise.
whats your view?
best regards.

USA ZEUS 14:55 GMT March 17, 2010
GBP/USD

Fat guy in a little coat...

Hesham Cairo 14:55 GMT March 17, 2010
short

To Rana: Good luck in ur trade. Also, it will be a good trade if God wills that. I am supporting ur trade. Sheers!

USA ZEUS 14:54 GMT March 17, 2010
USD/CAD
Reply   
FWIW- USD/CAD...
Interesting buy signal here. Should be good for a nice swing

GVI Forex Blog 14:53 GMT March 17, 2010 Reply   
Mar 17 (global-view.com) UPCOMING DATA HIGHLIGHTS: Thursday Swiss trade, Industrial Orders data and the ZEW investors sentiment data. The Eurozone will release Current Account, Investment flows and trade data. In North America, the U.S. releases CPI, Weekly Jobless Claims, the Philly fed index, leading indicators and natural gas inventories.

GVI Forex- Data Outlook for March 18, 2010

tokyo rana 14:52 GMT March 17, 2010
short

why?my short no good?i made any misstake?
best regards

USA ZEUS 14:52 GMT March 17, 2010
GBP/USD

Thanks FM friend. You are right. I just have a hunch that GBP/USD will drop a bit more below the figure.

Cheers and GT as always!

Hesham Cairo 14:51 GMT March 17, 2010
short

To Rana: Good luck

GVI Forex john 14:51 GMT March 17, 2010
GVI Forex Trading Support

Mar 17 (global-view.com) UPCOMING DATA HIGHLIGHTS: Thursday Swiss trade, Industrial Orders data and the ZEW investors sentiment data. The Eurozone will release Current Account, Investment flows and trade data. In North America, the U.S. releases CPI, Weekly Jobless Claims, the Philly fed index, leading indicators and natural gas inventories.

 

 

THURSDAY

 

 

7:15

CH

Feb Trade CHF bn

n/a

2.419

8:15

CH

4Q Ind Ords yy

n/a

-9.00%

9:00

EZ

Jan Inv Flows Eur bn

n/a

43.5b

9:00

EZ

Jan Cur/Acct Eur bn

n/a

9.4

10:00

CH

Mar ZEW Inv Sent

n/a

52.5

10:00

EZ

Jan Trade EURb

n/a

4.4

12:30

US

Feb CPI mm

0.1

0.20%

12:30

US

Feb core CPI

0.10%

-0.10%

13:30

US

WK Initial Claims k

455

462

12:30

US

WK Cont Claims m

4.515

4.558

14:00

US

Mar Philly Fed

17

17.6

14:00

US

Feb Lead Ind

n/a

0.30%

14:30

US

DOE Nat Gas bcf

-30

-111

Lahore FM 14:49 GMT March 17, 2010
GBP/USD

Zeus its already a superb short from 1.5339,figure shud not matter!

tokyo rana 14:49 GMT March 17, 2010
short
Reply   
Sell GBPJPY
Entry: 139.300 Target: 124.700 Stop: open

any view?i have short gbpjpy...best regards,

Hesham Cairo 14:48 GMT March 17, 2010
GBP/USD

Who is Richard?

USA ZEUS 14:46 GMT March 17, 2010
GBP/USD

Stop dinking around Richard.

Neuville JD 14:46 GMT March 17, 2010
gbp/usd
Reply   
Sell GBPUSD
Entry: 1.5305 Target: 1.5210 Stop: 1.5390

gbp/usd is failing on an important level.

USA ZEUS 14:44 GMT March 17, 2010
GBP/USD

Come on Richard. Hit the gears!!!

tokyo tommy 14:41 GMT March 17, 2010
I have no idea today
Reply   
Sell USDJPY
Entry: 90.54 Target: 90.00 Stop: 90.80

i fell not going up today over 60-65

USA ZEUS 14:40 GMT March 17, 2010
GBP/USD

I command the central bank of Goldman Sachs to take out 1.53!

USA ZEUS 14:38 GMT March 17, 2010
GBP/USD

Take out the figure!

USA ZEUS 14:35 GMT March 17, 2010
EUR/USD

Take gains at your leisure.

Porto Cubriclas 14:34 GMT March 17, 2010
eurchf

The market is calling for a SNB intervention.

Zurich EG 14:29 GMT March 17, 2010
eurchf

Just ran stops in the cross

nyc ws 14:26 GMT March 17, 2010
eurchf
Reply   
Is anyone looking to buy below 1.45?

USA ZEUS 14:26 GMT March 17, 2010
GBP/USD

Will GBP/USD take out 1.5277? Let's see. Will take $$ there.

USA ZEUS 14:25 GMT March 17, 2010
EUR/USD
Reply   
EUR/USD 1.3757 is a critical support line. Short it if seen

GVI Forex john 14:13 GMT March 17, 2010
GVI Forex Trading Support

EIA- The Department of Energy (DOE survey)

EIA Survey comes out Wednesday morning. The DOE survey is more closely watched and generally seen as more accurate than the API data on Tuesday.

Lahore FM 14:10 GMT March 17, 2010
Trade Ideas

Sell Crude
Entry: 81.40 Target: Stop: 82.50

03/16/2010 14:26:03 FM Lahore 5

Sell Crude
Entry: 81.40 Target: 79.65 Stop: 82.50
sold may crude.
--
may crude short was stopped for 1 dollar and 10 cents.

HK c 14:03 GMT March 17, 2010
EURAUD

Sell
Entry: 1.4950? Target: Stop:

Left too much on the table in this trade. Have to look for a corrective rally to sell

GVI Forex Blog 13:55 GMT March 17, 2010 Reply   

FOMC Action Triggers Demand for Higher Risk Assets

USA ZEUS 13:55 GMT March 17, 2010
GBP/USD

Take gains at your leisure.

Cheers!

GVI Forex Blog 13:54 GMT March 17, 2010 Reply   

British Pound surges Overnight

Lahore FM 13:54 GMT March 17, 2010
Trade Ideas

03/16/2010 13:43:18 FM Lahore 5

Buy USDCAD
Entry: 1.0179 Target: 1.0480/1.1000 Stop: 1.0130
bought.
--
stopped earlier for minus 49.

USA ZEUS 13:38 GMT March 17, 2010
GBP/USD
Reply   
GBP/USD is too tired on the upside. Short big @ 1.5339

jeursalem kb 13:31 GMT March 17, 2010
buy cadchf

CLOSED 2/3 OF CADCHF LONG 45PIPS+ & STOP TO BE HOLDING REST

Hong Kong Qindex 13:24 GMT March 17, 2010
GBP/CHF : Current Comments
Reply   
Sell GBPCHF
Entry: Target: Stop:

GBP/CHF : Weekly Cycle Analysis



The market is consolidating within the initial upside targeting points at 1.6167 - 1.6195 - 1.6280. Speculative buying interest will increase when the market is able to trade within the resistant range at 1.6309 - 1.6423.



GBP/CHF : Monthly Cycle Charts
http://www.qindex.com/gbp-chf.html

jeursalem kb 13:24 GMT March 17, 2010
buy cadchf

bought & looking to buy audchf & gbpchf on pull back
...................................
CLOSED HALF LONG FOR GBPCHF WITH 130PIPS+ HOLDING REST FOR 1.6273.
-HOLDING LONG CADCHF FOR TARGET
- MISSED AUDCHF

ABHA fxs 13:21 GMT March 17, 2010
GBPUSD RANG
Reply   
GBPUSD RNANG
15353---15164

GVI Forex john 13:15 GMT March 17, 2010
GVI Forex Trading Support

Total open interest in the Jun EURO FX Futures contract ended at 161,625 Tuesday +88,101. Presumably this reflects a rolling forward of positions from March? Still waiting for some stability to develop so we can get a handle on positioning.

ABHA fxs 13:09 GMT March 17, 2010
EURJPY
Reply   
Buy EURJPY
Entry: Target: Stop:

12406
12377
12348

Tp

12490
12549

GVI Forex Jay 13:06 GMT March 17, 2010
EUR/USD

As a follow up, this was posted on GVI Forex as well:

GOT PK 12:49 GMT March 17, 2010
eur/usd: Reply
1.3750 38.2% of the surge from 1.3639. 50% at 1.3730.

GVI Forex Blog 12:51 GMT March 17, 2010 Reply   
Household deleveraging and rising wealth have substantially restored balance sheet health and, coupled with increasing income, have given consumers more wherewithal and confidence to borrow again.

If Richard is right the US smokes Europe!

ABHA fxs 12:50 GMT March 17, 2010
EURUSD
Reply   
Buy EURUSD
Entry: Target: Stop:

13740
13716
13692

Tp

13824
13872

Mtl JP 12:50 GMT March 17, 2010
EURUSD

Buy EURUSD
Entry: 1.3754 Target: 1.3780+ Stop: 49

Wall Street ... see how that range works out

jeursalem kb 12:45 GMT March 17, 2010
GBPUSD SHOWING SOME REACTION TO 1.5385

cheers GB

GVI Forex Jay 12:44 GMT March 17, 2010
EUR/USD
Reply   
As posted earlier on GVI Forex

GVI Forex Jay 12:02 GMT March 17, 2010
EUR/USD: Reply
What caught my eye so far today is a eur/usd reluctance, both above eur/jpy 125 and eur/usd 1.38. The latter has been held down by weaker crosses, most notably eur/gbp but vs. commodity currencies as well and by the eur/jpy stall above 125. The market is a lot easier to trade the dollar downside when the eur/usd is in the lead.

As a reference, the pre-FOMC low just before the decision was around 1.3717-19 and after it around 1.3735-37.

Resistance levels (as posted last week):
1.3838 (23.6% of 1.5141-1.3435)
1.3839 (Feb 9 high)
1.3873 (38.2% of 1.4582-1.3435 = 2010 range)
1.3882 (50 day mva)
1.4009 (50% of 1.4582-1.3435)
1.4026 (Feb 3 high)

High today 1.3818

GVI Forex Blog 12:39 GMT March 17, 2010 Reply   

FX Thoughts for the day : 17-Mar-2010 - 1226 GMT

Gen dk 12:22 GMT March 17, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

London GB 12:19 GMT March 17, 2010
GBPUSD SHOWING SOME REACTION TO 1.5385

KB, excellent alert at 1.5385

Wall Street 12:13 GMT March 17, 2010
EURUSD
Reply   
Neutrality in our short-term trading system is 1.3780 now. Volatility range today +/- 20 to 30 pips

GVI Forex john 12:09 GMT March 17, 2010
GVI Futures Analysis
Reply   
New Commodity Currency momentum charts on Futures Forum

ABHA fxs 11:55 GMT March 17, 2010
WEEKLY EURUSD
Reply   
EURUSD
Entry: Target: Stop:

STRONG SELL AREA @

13879
13862


STRONG BUY AREA @

13458
13441

FXS

GVI Forex Blog 11:53 GMT March 17, 2010 Reply   
Traders of the US await the publication of the Core Consumer Price Index (CPI).

Forexpros Daily Analysis - 17/03/2010

GVI Forex Jay 11:51 GMT March 17, 2010
The Simple Truth
Reply   
For those who missed it, see this article I posted last night, which may become a regular feature on our site.

The Simple Truth

GVI Forex john 11:50 GMT March 17, 2010
GVI Forex Trading Support

Producer Price Index (PPI) @ 12:30 GMT

The PPI is a price index designed to measure the level of wholesale prices in a given economy. Its another input into the policy making decisions of central banks.

GVI Forex Jay 11:02 GMT March 17, 2010
GBP/USD
Reply   


As posted on GVI Forex Contact me for details.

The better-than-expected UK jobs report has seen GBP/USD surge higher, extend its move above the 20 day mva and break a key daily trendline at 1.5305. The 61.8% retrace level of 1.5575-1.4874 (1.5307) is around this level as well, suggesting GBP/USD needs to hold above 1.53 to maintain a strong bid that exposes 1.5575. There is little above the market of significance until this level other than 1.55. On the downside, the surge higher has left little in the way of support but market should be in a BOD mode should it fall back to 1.52-1.53 but less so than if 1.53+ trades. See chart.

London Shaun 11:00 GMT March 17, 2010
Gold
Reply   
Sell OTHER
Entry: 1132.5 Target: 1119.5 Stop:

Same old, same old. Good op to short gold at 32.5. If it goes then sell some more at 40. Will pretty surely retrace to 1119.5 and thereafter anyone's guess.

HK [email protected] 11:00 GMT March 17, 2010
Aus/USD
Reply   
92.69 target will be likely reached and the nervous trader may exit, or even reverse to short AUD/USD for several pips.

A break of 92.69 will bring the AUS well above 93.00

Amsterdam Purk 11:00 GMT March 17, 2010
140.85 will be seen today

correction: aint no fun waiting 'round to be a millionair.
Angus with very good guitar work... err...

Amsterdam Purk 10:59 GMT March 17, 2010
140.85 will be seen today

AC/DC: RIFF RAFF? OR waiting around to be a millionair?

London ex 10:58 GMT March 17, 2010
Invisible Hand in $/yen
Reply   
Buy USDJPY
Entry: 90.20 Target: 90.80 Stop: 89.80

Nice turn on trade below. Have to be cautious about weak USD. Looking into EURJPY trades.

Neuville JD 10:32 GMT March 17, 2010
usd/cad
Reply   
Buy USDCAD
Entry: Target: Stop:

usd/cad : "perfectly cheap" : going further down (below 1.080) would trigger a big sell off. All the majors timeframes are oversold. Other currency vs dollar are also set to lose ground.
IMO
GL/GT

Johannesburg HvW 10:30 GMT March 17, 2010
Cable's "reaction"
Reply   
U.K. jobless claims unexpectedly fell in February at the fastest pace since 1997, suggesting the economic recovery is strengthening as Britons prepare for a general election within weeks. The number of people receiving unemployment benefits dropped 32,300 from January to 1.59 million, the Office for National Statistics said today in London. The median forecast in a Bloomberg News survey of 29 economists was for an increase of 6,000. The jobless rate declined to 4.9 percent from 5 percent. The figures are a boost for Prime Minister Gordon Brown, who is seeking to persuade voters his Labour Party has the best strategy to cement the economic recovery. (Reuters)

GVI Forex Blog 10:28 GMT March 17, 2010 Reply   
Currencies: The USD and JPY pairs were softer as risk appetite persisted in the early European morning following the Fed pledged to maintain "exceptionally low" for an "extended period" and complemented when the BoJ doubled the credit facility for 3-month maturities to ¥20T.

European Market Update: European Market Update: UK jobless claims registered its largest monthly decline since Nov 1997

jeursalem kb 10:22 GMT March 17, 2010
GBPUSD SHOWING SOME REACTION TO 1.5385
Reply   


i plot a fib ret. in 15mint chart from yestrday low and it seems we see some reaction at 423.6 level which may show a reversal but not sure as it is placed in 15mint chart and bigger time chart is strongly bullish

jeursalem kb 10:15 GMT March 17, 2010
140.85 will be seen today

RANA What I like I take, what I don't I break,,,,, What I want I stach,,,, What I don't I smash !!! Loooool !!!!

GVI Forex Jay 10:13 GMT March 17, 2010
uk jobless claim?

Rana, that means unemployment fell -32.5K. Less unemployment = more jobs

jeursalem kb 10:12 GMT March 17, 2010
140.85 will be seen today

i mean today or tomorow at least lol
calm down

tokyo rana 10:09 GMT March 17, 2010
140.85 will be seen today

short period is possible 153 also....
best regards

tokyo rana 10:04 GMT March 17, 2010
uk jobless claim?

thanx i saw everything some are saying uk jobless good but itis fell to 32.3..that is not bad?
im sorry about my english...
best regards,

GVI Forex john 10:02 GMT March 17, 2010
GVI Forex Trading Support

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 Jay 10:02 GMT March 17, 2010
uk jobless claim?

Rana, scroll down the page and you will find some details.

tokyo rana 09:58 GMT March 17, 2010
uk jobless claim?
Reply   
any one tellme uk jobless claim was good or bad?
best regards,

jeursalem kb 09:57 GMT March 17, 2010
140.85 will be seen today

not sure but this target will be seen in short period insallah

HK c 09:56 GMT March 17, 2010
EURAUD

Buy
Entry: 1.4944 Target: Stop:

Taking profits on EURAUD short here. This is a position that has to be traded actively, imho. Will look to sell it again.

tokyo rana 09:54 GMT March 17, 2010
140.85 will be seen today

141 today?
are you sure?

jeursalem kb 09:53 GMT March 17, 2010
gbpchf

checking daily candle we have engulfing candlewhich close strongly above the previous candle and supported with a breakout this morning in h4 chart .
this cross will continue it up move

Toronto MDunleavy 09:53 GMT March 17, 2010
Buy AudNzd
Reply   


Buy AUDNZD
Entry: 1.29 Target: 1.31 Stop: 1.2860

AUD/NZD extended the correction from 1.3210 and dipped to as low as 1.2873 so far. Some more down would possibly be seen in the cross in near term as correction extends further towards 50% retracement of 1.2408 to 1.3120 at 1.2764 and the development will possibly limit Aussie's gain against Dollar and Yen. Nevertheless, we'd expect the correction to end near to 1.2764 and by then Aussie will start to outperform Kiwi again.
http://iticsoftware.com/postimages/2009-Jul-01/BJF-Trading-Group-AudNzd0317.xls

Juffair KaL 09:51 GMT March 17, 2010
gbpchf
Reply   
this should start south

3/17/2010 1.6079 1.5878
3/19/2010 1.6060 1.5839
3/20/2010 1.6023 1.5818
3/21/2010 1.5981 1.5781
3/23/2010 1.5961 1.5757

out of line here

London UK 09:50 GMT March 17, 2010
GBP

Market expected +6.0 and jobless fell -32.3K. Prior month was also revised to 5.3K from 23.5K.

GVI Forex Blog 09:49 GMT March 17, 2010 Reply   
10:00 GMT- Mar 17 (global-view.com) No surprises were forthcoming from the Bank of Japan earlier today. Rates were held steady and as forewarned, the central bank expanded a special 0.10% facility

Daily GVI Forex Forex View- Keeping the Punchbowl Full

jeursalem kb 09:48 GMT March 17, 2010
buy cadchf



i hope u don`t miss buying gbpchf as said last night beside cadchf

Syd 09:47 GMT March 17, 2010
DJ MARKET TALK: Long CAD Trades Favored By RBS
Reply   
The FOMC and BOJ have helped to support risk appetite and in turn the commodity currencies, notably AUD, NOK and CAD versus USD and JPY, says RBS. Comments from Canada's Finance Minister Tuesday about the country's relatively strong fiscal position underpins that while the focus is on sovereign risks, particularly among the G4, CAD remains well placed to benefit. RBS favors selling USD/CAD, which currently trades at an 18-month low of 1.0122, and buying CAD/JPY which trades around 89.50

jeursalem kb 09:46 GMT March 17, 2010
140.85 will be seen today

i hope to see some pull back to buy or 140.80 as i miss this one

GVI Forex john 09:46 GMT March 17, 2010
GVI Forex Trading Support


The Daily Forex View

Keeping the Punchbowl Full

10:00 GMT- Mar 17 (global-view.com) No surprises were forthcoming from the Bank of Japan earlier today. Rates were held steady and as forewarned, the central bank expanded a special 0.10% facility

MORE...

London Misha 09:45 GMT March 17, 2010
Observations
Reply   
EURUSD - Possible Bullish Harami / Stick Sandwich on teh Daily Chart.
USDJPY - Another Spinning Top as well as a possible Inside Bear Day on the Daily Chart.
GBPUSD - Key Reversal Up on the Daily Chart. Possible Bear Flag forming.
USDCHF - Three Black Soldiers & a Bearish Harami on the Daily Chart. Approaching Long MA support.
EURGBP - Possible Bearish Harami on the Daily Chart.
USDCAD - Bearish Engulfing Pattern on the Daily Chart.
AUDUSD - Bullish Engulfing Pattern on the Daily Chart. Possible Golden Cross of the Short MA up through the Medium MA!
NZDUSD - Open & Close White Marubozo on the Daily Chart.

Juffair KaL 09:44 GMT March 17, 2010
Eur/GBP support

I agree...expected High and Lows
3/17/2010 0.9115 0.9015
3/19/2010 0.9123 0.9016
3/20/2010 0.9133 0.9029
3/21/2010 0.9151 0.9050
3/23/2010 0.9164 0.9061

London Chris 09:42 GMT March 17, 2010
GBP

Better UK jobs #s

Juffair KaL 09:42 GMT March 17, 2010
140.85 will be seen today

i agree Rana with 141 Now
Thanks
but it should correct soon IMO

3/17/2010 138.2990 135.4733
3/19/2010 138.7713 135.9467
3/20/2010 138.9480 136.0537
3/21/2010 138.8076 136.3521

London M 09:42 GMT March 17, 2010
Eur/GBP support
Reply   


0.8970/80 v important support

tokyo rana 09:40 GMT March 17, 2010
140.85 will be seen today

bfore 141 iwill go down to 136137 from 139...best regards

Juffair KaL 09:37 GMT March 17, 2010
sequence levels
Reply   
eurusd
it hit 1.3812
surely goes a little south
3/17/2010 1.3808 1.3683
3/19/2010 1.3843 1.3709
3/20/2010 1.3867 1.3725

Might wanna go to 1.3950 @ the end of the month
always gettin in to early...
anyways I try..LOL

cable
3/17/2010 1.5321 1.5002
3/19/2010 1.5356 1.5023
3/20/2010 1.5361 1.5022
should correct

Singapore Pw 09:36 GMT March 17, 2010
GBP
Reply   
UK news?

jeursalem kb 09:34 GMT March 17, 2010
140.85 will be seen today
Reply   
Buy GBPJPY
Entry: Target: Stop:

139.20 then 140.85 minimum target as gu heading toward 1.5420 too

PAR 09:31 GMT March 17, 2010
BOJ
Reply   
BOJ dropping a few trillion yen in the market to weaken its currency. Unlimited liquidity provided to Japanese housewives to buy foreign assets and sell yen .

Hong Kong 09:23 GMT March 17, 2010
EUR/USD Intraday signal by AceTrader
Reply   
EURUSD
Entry: Target: Stop:

INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD
EUR/USD: 1.3786

Late Update At 17 Mar 2010 08:08 GMT

Although euro's breach of 1.3796 confirms the
corrective upmove fm 1.3433 has once again resumed,
current retreat fm 1.3819 suggests sideways trading
wud be seen n pullback to 1.3759 cannot be ruled
out b4 prospect of another rise to 1.3819, 1.3840.


Buy on pullback with stop as indicated, break
wud risk weakness to 1.3717 (y'day's NY sup)...




Range Forecast
1.3760 / 1.3805


Resistance/Support
R: 1.3840/1.3871/1.3900
S: 1.3759/1.3717/1.3701

http://www.acetraderfx.com

Syd 09:03 GMT March 17, 2010
MARKET TALK:China Upgrade Pushes AUD/USD Back Near 0.92-Trader
Reply   
AUD/USD continues to flirt around 0.9200; Jim Vrondas, a managing director with OzForex, reckons cross may have just gotten what it needs to push above that level after World Bank upgraded its growth outlook for China, Australia's largest trading partner. "That news will certainly give (AUD/USD) another leg up and could be enough to have the cross consolidate above 0.9200," says Vrondas.

DJ World Bank Sees China GDP Growing 9.5% In 2010, 8.7% In 2011
China's gross domestic product is expected to jump 9.5% in 2010, decelerating slightly to a still-rapid 8.7% clip next year. In January, the bank predicted the economy would expand at a 9% pace this year and next.
"Government-led investment is bound to decelerate," said Ardo Hansson, lead economist for China, in a statement. "But exports are likely to continue to recover amidst a pick up in the global economy, real estate activity is likely to grow strongly this year, and consumption should remain solid."
Inflation is expected to remain in check, with consumer prices seen rising 3.7% this year and 2.8% in 2011. But tighter monetary policy, including a greater emphasis on interest rates, would be useful to keep expectations in line and contain the risk of a housing bubble, the bank said.

tokyo rana 08:12 GMT March 17, 2010
gbpjpy 140.00

gbpjpy seems going to 136....
best regards.

tokyo rana 08:08 GMT March 17, 2010
gbpjpy 140.00

is itnot heading to 136 right now?
best regards,

Amman wfakhoury 08:05 GMT March 17, 2010
gbpjpy 140.00
Reply   
is in uptrend and heading twd 140.00 unless it breaks 137.70
and keeping below it.then 136.00 will be seen.

tokyo rana 07:57 GMT March 17, 2010
gbpusd 15270

cool...
thanx for post...
what about gbppjpy?
best regards,

Syd 07:52 GMT March 17, 2010
DJ MARKET TALK: More AUD Gains To Come
Reply   
Don't lose faith in the AUD's rally, according to Forex Focus by Nicholas Hastings. The going may be getting harder for the Australian currency as immediate rate hike expectations fade and long speculative positions grow. However, with the Australian economy still growing faster than its G10 competitors, with the prospect of more rate hikes still high and with China possibly proving less hawkish on inflation than expected, there is plenty of fuel to keep the AUD on the rise.

Amman wfakhoury 07:50 GMT March 17, 2010
gbpusd 15270
Reply   
Breaking 15270 and keeping above it mean 15462 will be seen.

Syd 07:49 GMT March 17, 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.LINK

Will Oil Break Above $84?
The bias is for commodities to break out to the topside but that will be checked by where inflation is headed in China and India, says Jonathan Barratt, managing director at Commodity Broking Services, speaking to Matthew Kidman of Wilson Asset Management and CNBC's Karen Tso and Sri Jegarajah.LINK

Hong Kong Qindex 07:47 GMT March 17, 2010
GBP/CAD : Current Comments
Reply   
GBP/CAD : Weekly Cycle Analysis



The weekly cycle pivot centers are scattering within a big range of 555 pips, 1.5104 - 1.5438 - 1.5660. This would suggest that the market movement could be very volatile in the remaining period of this week. The initial downside targeting points are 1.4704 - 1.5041 - 1.5133. Supporting barriers are located at 1.5237 - 1.5306 - 1.5485.



GBP/CAD : Monthly Cycle Charts
http://www.qindex.com/gbp-cad.html

Hesham Cairo 07:45 GMT March 17, 2010
gbpusd 15270

But if the cable breaks 1.527, what is its target?

Amman wfakhoury 07:43 GMT March 17, 2010
gbpusd 15270
Reply   
we are in sell postion around 15230 since yestrday.
the price in downtrend unless breaks 15270 and keeping above it.
keeping below 15270 means 15080 is coming.

Hong Kong 07:31 GMT March 17, 2010
AUD/USD Daily Market Outlook by AceTrader
Reply   
AUDUSD
Entry: Target: Stop:

INTRADAY TRADING SIGNAL BY ACETRADER.COM :
AUD/USD: 0.9198

Last Update At 17 Mar 2010 07:06 GMT

Although aud's sideways trading after earlyretreat fm 0.9216 wud continue, as long as 0.9165(prev. res, now sup) holds, upside bias is stillseen for resumption of recent rise to re-test said0.9216 res n then twd 0.9255.

Trade fm long side with stop below 0.9165, breaksignals a temp. top is in place, 0.9137.


Range Forecast
0.9190 / 0.9220


Resistance/Support
R: 0.9216/0.9255/0.9279
S: 0.9165/0.9137/0.9119

http://www.acetraderfx.com

Sutherland Michael 07:29 GMT March 17, 2010
The power profit taking
Reply   
Buy EURUSD
Entry: 1.3800 Target: 1.3860 Stop: 1.3775

I have a sneaking suspicion that we may get some decent upward movement in the EURO today thanks to all those people who shorted it taking profit.

Or I could be wrong...Either way, the market will be right.

sofia kaprikorn 07:07 GMT March 17, 2010
trendline support

sofia kaprikorn 00:01 GMT March 16, 2010
.....

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
_________________________________

stopped out at 83.32 due to a margin call. game over.

Hong Kong Qindex 06:25 GMT March 17, 2010
EUR/GBP : Current Comments
Reply   
Buy EURGBP
Entry: Target: Stop:

EUR/GBP : Weekly Cycle Analysis


The market is stable when it is consolidating within the weekly cycle pivot centers at 0.9000 - 0.9042 - 0.9080. The initial upside targeting points are 0.9148 - 0.9197 - 0.9306. Buy on dips is the preferred trading strategy.



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

USABAY 05:09 GMT March 17, 2010
GBP/USD : Current Comments

HONG KONG QINDEX,

Is your bias for eurgbp still up. tia

Syd 04:37 GMT March 17, 2010
World Bank: China Inflation Unlikely To Rise Too High In 2010
Reply   
BEIJING (Dow Jones)--The World Bank on Wednesday urged China's government to introduce more measures to cool its economy and head off inflation, as the bank expects the country's economic growth to accelerate to 9.5% this year.

In its latest China Quarterly Update, the World Bank raised its forecast for China's economic growth this year from the 8.7% increase the bank projected in November and suggested Beijing use rate hikes and a stronger yuan to avoid inflation and the formation of asset bubbles in the domestic property market.

Hong Kong Qindex 04:18 GMT March 17, 2010
GBP/USD : Current Comments
Reply   
Sell GBPUSD
Entry: Target: Stop:

GBP/USD : Weekly Cycle Analysis



The market is stable when it is above the weekly cycle pivot centers at 1.5167 - 1.5185 - 1.5213. The market may consolidate between 1.4980 - 1.5389. In the mean time the expected trading range is 1.5082 - 1.5287.



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



Syd 04:12 GMT March 17, 2010
Japan keeps rates steady, expands loan program
Reply   
TOKYO (MarketWatch) -- The Bank of Japan kept its key policy interest rate unchanged at 0.1% Wednesday, as had been widely expected, and announced plans to double the scale of a 10 trillion yen ($111 billion) lending program introduced in December. Japanese stocks strengthened, as did the yen, following the news. One U.S. dollar bought 90.09 yen, down from 90.35 yen ahead of the announcement. The Nikkei 225 Average was up 0.9%, compared with a rise of 0.7% prior to the news

Hong Kong Qindex 04:04 GMT March 17, 2010
GBP/JPY : Current Comments
Reply   
Sell GBPJPY
Entry: Target: Stop:

GBP/JPY : Weekly Cycle Analysis



The initial upside targeting points are 139.16 - 139.47 - 140.11. The weekly cycle pivot centers are acting like super magnets. In the mean time the market is trading below the neutral zone at 137.40 - 137.99 - 138.60.



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

GVI Forex Blog 03:41 GMT March 17, 2010 Reply   

Morning Briefing : 17-Mar-2010 - 0339 GMT

Hong Kong Qindex 03:38 GMT March 17, 2010
GBP/AUD : Current Comments
Reply   
GBP/AUD : Weekly Cycle Analysis



The market is now working on the upper barrier at 1.6584 // 1.6688. Upside targeting point is 1.6793 and the downside targeting point is 1.6375.



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

Syd 03:14 GMT March 17, 2010
Barratt Says Gold Price May Surpass $1,200 by Year End
Reply   
Barratt Says Gold Price May Surpass $1,200 by Year End
LINK

Syd 03:04 GMT March 17, 2010
Canada’s Flaherty Says Currency Is ‘Competitive’
Reply   
March 16 (Bloomberg) -- Canada’s currency, trading the closest to parity with its U.S. counterpart since July 2008, is at a level that continues to keep the nation’s economy competitive, according to Finance Minister Jim Flaherty.

Dollar-Yen May Rally to Near One-Year High: Technical Analysis
The dollar may rally versus the yen to a level last seen 11 months ago as the Japanese currency regains its leading role in carry trades, according to Credit Agricole Corporate and Investment Bank.

The dollar has been forming an “inverted head-and- shoulders” pattern against the yen, London-based Daragh Maher, deputy head of global foreign exchange strategy, and Simon Smollett, technical analyst, wrote in a note to clients. A “possible neckline” could push the greenback to 101 yen, they wrote. The currency last traded at that level in April.
An inverted head-and-shoulders pattern is formed when price movements form three consecutive troughs, the middle of which is the deepest. The line that unites the peaks between the troughs is known as the neckline.

The yen may “soon regain its mantle as funding currency of choice,” the Credit Agricole analysts said.
(Bloomberg)

RBA’s Debelle: interest rates to rise further

Syd 02:36 GMT March 17, 2010
DJ RBA Assistant Governor: Interest Rates Look Likely To Rise A Bit Further
Reply   
RBA Assistant Governor: High Household Debt Means Monetary Policy Has More Effect
RBA Assistant Governor: Securitization Market Seems To Be Coming Back

BabyBoomer BRU 02:01 GMT March 17, 2010
Daily Limit trading strategy
Reply   
Buy EURUSD
Entry: Target: 1.4025 Stop:

Today’s signal..

Syd 01:43 GMT March 17, 2010
DJ Japan Finance Minister: BOJ Understands My Wish For Positive CPI This Year
Reply   
Japan's finance minister reiterated Wednesday that he wants the Bank of Japan to do its part in combating deflation, keeping up the pressure on the central bank ahead of the outcome of its policy board meeting later in the day.

"I personally want to turn the consumer price index positive within this year, and the government is doing its utmost to realize that. I believe the BOJ is aware of this, and think it will do its part" to help the government, Finance Minister Naoto Kan said during a parliamentary session.

The central bank's two-day monetary policy meeting ends later in the day, with analysts expecting it to announce an expansion of its liquidity-supplying programs

DJ Australia's RBA Calls For Monthly Publication Of CPI Data
The Reserve Bank of Australia on Wednesday called for the monthly publication of national inflation data, saying it was necessary to bring the country into line with all other Group of 20 nations.



dc CB 01:01 GMT March 17, 2010
Toles
Reply   


todays editorial.
spot on

LA BV 00:55 GMT March 17, 2010
usdjpy
Reply   
Buy USDJPY
Entry: 89.80 Target: 90.60 Stop: 89.40

Any view on usdjpy after the BoJ decision? Everyone expects the easing step to be announced. I am leaving a low bid.

Syd 00:46 GMT March 17, 2010
Australian Housing Starts +15.1% In 4Q Vs 3Q
Reply   
Australian Housing Starts +15.1% In 4Q Vs 3Q
The total number of houses and apartments that started construction in Australia in the fourth quarter of 2009 rose 15.1% from the third quarter to a seasonally adjusted 40,022.
The Australian Bureau of Statistics also reported Wednesday that the number of private-sector houses started in the fourth quarter rose 13.4%from the previous quarter to 28,343.

The RBA raised the interest rate by 25 basis points this month, to 4 per cent, with markets tipping a one-in-three chance of another interest rate rise in April.
The central bank, in its meeting minutes, said “it remained appropriate for interest rates to move gradually towards normal levels, and that it was timely to take another step in that direction”.
“Normal rates” are generally considered in the area of 5 per cent to 5.5 per cent, analysts say.
SMH.
House prices in Australia climbed 13.6 per cent in 2009 alone after a decade in which they posted increases of about 170 per cent, according to the Australian Bureau of Statistics. Residential real estate prices have soared as Australia's economy nears notching up two decades of growth without a pause. Over the same period, Australia has lured more immigrants, adding to housing demand. The federal government's 2010 intergenerational report estimates Australia's population will swell to 35.9 million people by 2050 from its current level of 22 million.

Hong Kong 00:45 GMT March 17, 2010
Daily Market Outlook by AceTrader
Reply   
Market Review - 16/03/2010 22:52GMT

Dollar slides broadly as Fed vows to keep rates low for an 'extended period'



The greenback weakened against most major currencies on Tuesday after the Federal Reserve kept U.S. interest rates unchanged at 0.25% and reiterated to maintain rates 'exceptionally low' for an 'extended period.' Policy makers began using the rhetoric 'extended period' in March 2009 and have repeated it at each meeting since then. Downbeat comments in the Fed's policy statement on the U.S. housing and employment sectors have also been the factors that pressured the greenback after the FOMC meeting.

For the single currency, the focus in Asia and Europe continued to be whether Greece would receive bailout money from Germany and France. Uncertainty existed before clarification of details from EU finance ministers meeting in Brussels and the FOMC statement. Euro hence tumbled to as low as 1.3657 at European opening. However, the pair found support there and staged a strong rebound. Euro picked up more upward momentum and surged to 1.3771 after the release of German and eurozone economic data. German ZEW economic sentiment index in March came in at 44.5, higher than the economists' forecast of 43.5. Eurozone consumer inflation rose by 0.3% m/m n 0.9% y/y in February respectively after a decrease of 0.8% m/m n a rise of 1.0% y/y in January. Despite a brief dip to 1.3717, renewed buying lifted the single currency after Fed kept rate unchanged and price rose to an intra-day high of 1.3784 before stabilizing in NY afternoon.

Early in Asia the greenback slipped against Japanese yen on further corporate repatriation and cross buying in yen due to risk aversion. The pair fell to as low as 89.97 in Asian mid-day before staging a rebound. In European mid-day the price rallied to an intra-day high at 90.74 on concerns that the Japanese government may begin implementing a plan to ease the rise in yen. However, the pair met selling pressure there and tumbled towards around 90.25. Despite a brief pullback to 90.70, as the Federal Reserve kept U.S. interest rates unchanged at 0.25% and reiterated to maintain rates 'exceptionally low' for an 'extended period', the pair nose-dived to around 90.16 before stabilising in New York afternoon.

Although cable tumbled to 1.4977 at European opening on active buying of eur/gbp, short-covering lifted the pound from there. Cable has traded with a firm undertone for the rest of they day on broad-based weakness in dollar and price rallied to 1.5260 after FOMC announcement.

Economic data to be released on Wednesday include Australia Westpac leading economic index, Japan industry index, BOJ rate decision , U.K. Claimant count, unemployment rate, average earning, E.U. labour cost, U.S. PPI and wholesales sales.

http://www.acetraderfx.com

SF WM 00:43 GMT March 17, 2010
eurchf
Reply   
Buy EURCHF
Entry: 1.4525 Target: 1.46+ Stop: 1.4490

1.45 being defended (SNB?)

Hong Kong Qindex 00:24 GMT March 17, 2010
Crude Oil : Current Comments
Reply   
Buy Crude
Entry: Target: Stop:

Crude Oil : Critical Support 78.05


As shown in the monthly cycle charts the market is positive when it is above the monthly cycle pivot centers at 70.04 - 71.84 - 80.22. The monthly cycle charts indicate that the market has a tendency to trade within 75.81 - 84.63. A resistant point is positioning at 93.46.



Crude Oil : Monthly Cycle Charts
http://www.qindex.com/crude-oil.html

Syd 00:17 GMT March 17, 2010
The Westpac-Melbourne Institute index of leading indicators
Reply   
AUSTRALIA: The Westpac-Melbourne Institute index of leading indicators rose 0.5 points (0.2%) to 255.7 in January, repeating December’s annualized growth rate of 6.3%, well above the long-term trend level of 2.7%, the data compilers said. They said the coincident index rose 2.0 points (0.8%) in January to 247.8 and an annualized 3.9%, taking it above the long term trend rate of 3.2% for the first time since
September 2007.

 




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GVI Trading. Potential Price Risk Scale
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Mon 27 May 2019
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