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Forex Forum Archive for 03/19/2010

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Sacramento CG 23:54 GMT March 19, 2010
Cable Pips Robot?
Reply   
Did any one heard about Cable Pips Robot..?

dc CB 23:03 GMT March 19, 2010
Tony Blair
Reply   
Bush's Poodle wins Best In Show

Wins £20million Prize

GVI Forex Blog 22:08 GMT March 19, 2010 Reply   
The Canadian dollar nearly wiped out the week's gain against the U.S. currency in a volatile session on Friday, rattled by a global move away from riskier assets that took down the price of

Forex Market News - CANADA FX DEBT-C$ tumbles from near 20-mth high on risk shift

GVI Forex Blog 22:06 GMT March 19, 2010 Reply   
The euro fell on Friday over doubts Greece would win euro-zone aid, capping its worst week since January, and concerns about the UK economy hit sterling.

FOREX NEWS-Euro falls vs dollar as Greek worries linger

Gen dk 22:03 GMT March 19, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

GVI Forex Jay 22:02 GMT March 19, 2010
EUR?USD
Reply   


The 20 day mva (1.3525 for Monday) may be a key indicator to watch going forwards. The other one is the "pivotal big figure" 1.35. See chart and note our new chart icon.

GVI Forex Blog 20:06 GMT March 19, 2010 Reply   
The previous post noted that the AUD/NZD decline was a 2nd leg of a correction and was nearing a full projection at 1.2860.

FXTimes: Daily Technical Update AUD/NZD Eyes 1.32

Tonbridge AL 20:05 GMT March 19, 2010
Videos
Reply   
SETUP VIDEOS EUR/USD and GBP/USD --VIEW THEM NOW
EUR/USD Video
GBP/USD Video

Syd 19:55 GMT March 19, 2010
Yuan Poised to Become Reserve Currency, Goldman’s O’Neill Says
Reply   
March 19 (Bloomberg) -- China’s yuan is destined to become a global reserve currency rivaling the dollar and the euro, as the nation’s economic power increases the currency’s allure, said Jim O’Neill, chief economist at Goldman Sachs Group Inc. link

Mundell Says IMF Must Only Be Greece
LINK

Rogers Says Shunning ‘Pretty Bad’ Pound on Trade Gap
March 19 (Bloomberg) -- Investor Jim Rogers, chairman of Singapore-based Rogers Holdings who co-founded the Quantum Fund with George Soros, said he is shunning sterling because of the U.K.’s trade deficit. LINK

Livingston nh 19:48 GMT March 19, 2010
Best Trade

With respect to the Health Care "reform" (keep your wallet in your pocket and back to the wall when a politician says that word) - for a couple of years this will be a major tax increase with no benefit outflow - so positive USD if you think fiscal policy matters

Tallinn viies 19:45 GMT March 19, 2010
eurusd
Reply   
was it week or two ago when GS strategy team suggested to take long euro position. target was 1,45 and stop loss at one day close under 1,35.

I guess this 1,35 close is primary target for sharks????
anyway. I do not it will happen today but on monday why not if Athen doesnt suprise us during the weekend

GVI Forex Blog 19:33 GMT March 19, 2010 Reply   
Banco de Espana: bad loans sharply higher Greece update: Germany vs France? GBP off sharply Markets doubting SNB resolve

Forex Market Commentary and Analysis (19 March 2010)

GVI Forex john 19:31 GMT March 19, 2010
Best Trade

Before I asked, I was learning in the direction of long EURUD into the w/e. Sometimes you get the best levels for trading when markets square up ahead of an event or a weekend.

GVI Forex Blog 19:26 GMT March 19, 2010 Reply   
At the end of last week, EUR-USD had surged to over 1.37, thus breaking out above the trading range of the past weeks. In the run-up to the FOMC meeting, the single currency actually managed to increase its gains to over 1.38 temporarily. As from Thursday, however,

FX Briefing - Greece: Crucial EU summit

houston st 19:13 GMT March 19, 2010
Best Trade


sadly John, you are probably right...putting my money where my mouth is, I'm long June10 euro futures @ 1.3541...seeya Sunday night in Asia...

GVI Forex john 19:08 GMT March 19, 2010
Best Trade

ST- i think the fix is in. I'd be very surprised if they can't "buy" a vote or two.

houston st 19:06 GMT March 19, 2010
Best Trade


JOHN--don't think they have the cohones to pass it, but if they do I want to be long euro futures at the Sunday open for a nice gap up...April crude goes off Monday, so have gone flat heading into this weekend ahead of these power-drunk fools doing their thing...gl/gt.

Belgrade AS 19:01 GMT March 19, 2010
how about the WORST TRADE?
Reply   
GOLD:DEAD MAN'S GAMBLE.little H&S on top...big H&S on the bottom!wouldn't have a heart to tell my worst enemy to play it either way!

Belgrade AS 18:52 GMT March 19, 2010
Best Trade

...
Entry: Target: Stop:

EURUSD:pick it up from 1,3450-1,3500
SAR @1,3650/1,3685/1,3700 and HOLD!!!! (untill it "jumps off the cliff again)
TARGETS:1,30/1,2750/1,25/1,2250...etc untill parity

Livingston nh 18:52 GMT March 19, 2010
Best Trade

Selll EUR/USD

GVI Forex john 18:46 GMT March 19, 2010
Best Trade
Reply   
Late Friday afternoon question....

Have to assume U.S. healthcare bill passes on Sunday, also nothing new comes out on Greece.

Anybody have a single best trade into early Monday in Asia (note Japan is closed)?

Belgrade AS 18:29 GMT March 19, 2010
lots of longs

what do you mean "go to sleep"...another rally in stox(usd selloff maybe) is due before N.Y.close.
PS:what substance are you missusing Rana?....what time is it in Tokyo,anyway?

GVI Forex john 18:19 GMT March 19, 2010
GVI Forex Trading Support

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

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Tokyo JT 17:39 GMT March 19, 2010
lots of longs

Keep those longs in your freezer and go to sleep Rana...

Jeddah Abb 17:15 GMT March 19, 2010
eur/cad
Reply   
Buy
Entry: Target: 1.4266 Stop:

eur/cad 1.4266 possibel taret for next week??some body share same view?

GVI Forex Blog 17:06 GMT March 19, 2010 Reply   
20:00 GMT- Mar 19 (global-view.com) This was been a humbling time for forecasters and traders alike. Those who have done well in either realm are those who have shortened their time horizons

Daily GVI Forex Forex View- Roller Coaster -- Weekly

tokyo rana 17:05 GMT March 19, 2010
lots of longs
Reply   
Buy OTHER
Entry: Target: Stop:

im long also cadjpy audjpy and chfjpy...
audjpy 82.800 cadjpy 89.000 chfjpy 85.150and nzdjpy 64.080 gbpjpy 135.900....any view?best regards,

GVI Forex john 17:03 GMT March 19, 2010
GVI Forex Trading Support


The Daily Forex View

Roller Coaster -- Weekly

20:00 GMT- Mar 19 (global-view.com) This was been a humbling time for forecasters and traders alike. Those who have done well in either realm are those who have shortened their time horizons

MORE...

tokyo rana 16:58 GMT March 19, 2010
gbpusd 14980-70

hello Amman wfakhoury,idid lost today is ok...i close with with plus profit.donot worry.i said any one can make bad call..your calls not bad,but with your calls big gain difficult.bcoz gbpjpy move faster than your calls comes.haha,best regards

GVI Forex Blog 16:57 GMT March 19, 2010 Reply   
The USD/CAD’s rally attempt to test the 1.02 powerline was rejected today, with a big boost from the Canadian retail sales and inflation data, which all pointed to an economy that is starting...

FXTimes: Daily Technical Update USD/CAD Decline Tests 1.0070 Support

tokyo rana 16:48 GMT March 19, 2010
gbpjpy

Buy GBPJPY
Entry: Target: Stop:

lahore brother,even target cud be 136.5 to 143.5....but idonot think gbpjpy rise much.what do you think?best regards,

Gen dk 16:45 GMT March 19, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

tokyo rana 16:43 GMT March 19, 2010
gbpjpy

i know brother,your great,many many conratulatiuons..i close well before 136.1 and 136.165..now im long....actualy iwas short on tuseday 136.2 and gbpjpy suddenly up to 139.3 and i hold that short on tuesday i could not close my short..iwas so worry so i closed with little profit..its ok...my target for long 136.5 to 139...happy trade,best regards,

Lahore FM 16:35 GMT March 19, 2010
gbpjpy

Rana,i just got my t/p on gbpjpy from yesterday's post.

HK Kevin 16:22 GMT March 19, 2010
Gold
Reply   
Gold at risk below 1104. A break 1100 will fall to 1093 very quickly.

tokyo rana 16:10 GMT March 19, 2010
gbpjpy
Reply   
Buy GBPJPY
Entry: 135.900 Target: 136.5 to 138 Stop: open

long gbpjpy 135.900...any view?best regards

tokyo rana 16:09 GMT March 19, 2010
long gbpjpy
Reply   
Buy GBPJPY
Entry: 135.900 Target: 137 Stop: open

again short around 136.5 to138...any view?best regards,

GVI Forex Blog 15:51 GMT March 19, 2010 Reply   
Mar 19 (global-view.com) UPCOMING DATA HIGHLIGHTS: Monday is a slow day on the data front with no major items due from the Far East or Europe or North America. Japan is closed for a holiday.

GVI Forex- Data Outlook for March 20, 2010

GVI Forex john 15:47 GMT March 19, 2010
GVI Forex Trading Support

Mar 19 (global-view.com) UPCOMING DATA HIGHLIGHTS: Monday is a slow day on the data front with no major items due from the Far East or Europe or North America. Japan is closed for a holiday. Early Tuesday will see the latest Bank of Japan policy meeting minutes.

 

 

MONDAY

 

 

0;01

JA

Holiday

n/a

n/a

23:50

JA

BOJ Minutes

n/a

n/a

London Shaun 15:46 GMT March 19, 2010
Trade Ideas

Which I fell into completely :)

Gen dk 15:46 GMT March 19, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

jkt-aye 15:43 GMT March 19, 2010
confused

...or you can join my confused club :)

USA ZEUS 15:38 GMT March 19, 2010
gbpusd

With wfak's signals you never lose.
With wfak's signals you never win.

Lahore FM 15:35 GMT March 19, 2010
Trade Ideas

i second that t/p Kevin,it was an interesting trap!

HK Kevin 15:31 GMT March 19, 2010
Trade Ideas

Lahore FM 15:21 GMT, USD/CAD looks for upside stop after killing the bull traders. 1.0220 my intraday t/p

Gen dk 15:27 GMT March 19, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

tokyo rana 15:23 GMT March 19, 2010
gbpusd 14980-70

Sell GBPUSD
Entry: Target: Stop:

isaid bfore 1.49800 coming soon..best regards

bucharest vicx 15:23 GMT March 19, 2010
Today

zeus 1.3507 is the last suport and the trend will go up???

tokyo rana 15:21 GMT March 19, 2010
gbpusd

135.7 buy or sale?i close short @136.1...again short no good?
best regards

Lahore FM 15:21 GMT March 19, 2010
Trade Ideas

Buy USDCAD
Entry: 1.0092 Target: Stop: 1.0060

03/19/2010 12:29:37 FM Lahore 5

Buy USDCAD
Entry: 1.0092 Target: Stop: 1.0060
03/19/2010 08:39:32 FM Lahore 6

Buy USDCAD
Entry: 1.0092 Target: Stop: 1.0060
03/17/2010 16:26:17 FM Lahore 2

Buy USDCAD
Entry: 1.0092 Target: open Stop: 1.0060
bought once again.
--
closed half now at 1.0174,stops to 1.0092 now on remainder.
--
the above stopped on remainder for profit.long afresh same price and 1.0060 stop now.
--
half of 2nd time long 1.0092 out now at 1.0165.rest entry stops as before.

Belgrade AS 15:20 GMT March 19, 2010
gbpusd

Rana,if you are still short in gbpjpy 135,70 is a very good place to take profits

tokyo rana 15:17 GMT March 19, 2010
gbpusd

my dear just asking...iwill decide my self...
best regards

Amman wfakhoury 15:15 GMT March 19, 2010
gbpusd 14980-70
Reply   
is coming.

ABHA FXS 15:10 GMT March 19, 2010
gbpusd
Reply   
Buy GBPUSD
Entry: Target: Stop:

watch 15020 -14994 will be revers up....

Amman wfakhoury 15:04 GMT March 19, 2010
gbpusd
Reply   
Rana
if my signals are not good and loose you , why are you asking me ?

London Shaun 15:00 GMT March 19, 2010
Gold; Cable ; Oil
Reply   
Squared the short from 1132.5 at 1109.5 but reckon I did so too early. Adding to short on cable @ 1.5050. Buying more oil at 80.80

Amman wfakhoury 14:58 GMT March 19, 2010
gbpusd
Reply   
Amman wfakhoury 14:28 GMT March 19, 2010
gbpusd: Reply
Amman wfakhoury 06:52 GMT March 19, 2010
gbpusd profitmaker chart: Reply

--------here we are around 15100 and still ready to
continue to 15070 then 15045
=======
15045 have been broken..still possible to go more.

Belgrade AS 14:57 GMT March 19, 2010
Today

BRAVO!!!
...and next week it well be a peacefull 1,3450-1,3700 range.

GVI Forex Jay 14:57 GMT March 19, 2010
Today

From GVI Forex:

Ldn Cashman 14:35 GMT March 19, 2010
Discount rate: Reply
Talk again that today may be the day they hike the discount rate

Spotforex NY 14:29 GMT March 19, 2010
gold: Reply
India rate hike reverberating in the markets

USA ZEUS 14:56 GMT March 19, 2010
Today

GBP/USD @ 1.5031 is also a bit exhausted. Time to clear out and go home.

USA ZEUS 14:54 GMT March 19, 2010
Today
Reply   
Ok- This last push down on EUR/USD to the 1.3507 area is signalling an end of the USD push for the week.

Have a great W/E
Cheers & adios

tokyo rana 14:52 GMT March 19, 2010
confused

amman fhoury but this is uptrend 15426 15467 15508...do you agree with that possible?best regards

Gen dk 14:51 GMT March 19, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

jkt-aye 14:48 GMT March 19, 2010
confused

hard to say rana, as i'm just a "confused"man.
could 1.5215 be a barrier or act as a door for 1.5605 ? gtgl

Belgrade AS 14:47 GMT March 19, 2010
sell USDCAD
Reply   
Sell OTHER
Entry: 1,0133 Target: parity Stop: 1,0200

piece of cake!

Lahore FM 14:41 GMT March 19, 2010
Return

Dear Yahya good to see you back.i am all well here!

U.K. J.B. 14:40 GMT March 19, 2010
gbp/usd due for a rebound

I have nice t/l supp in cable aT 1.5055/60. Equities to hold now and euro/stg to top out imho worth a stg long good r/r level

Richland QC Mailman 14:40 GMT March 19, 2010
gbp/usd due for a rebound

The knife may not be that sharp after all at 1.5060. Of course, everything can still happen.

NYC RK 14:39 GMT March 19, 2010
gbp/usd due for a rebound

Trying to catch a falling knife? I would least wait until 1 or 2 green bar on 15M. Just my opinion.

tokyo rana 14:37 GMT March 19, 2010
gbp/usd due for a rebound

ithink gbpusd will break soon 1.49800.best regards

Richland QC Mailman 14:35 GMT March 19, 2010
gbp/usd due for a rebound

Stopped out again. One last try for the reversal 1.5065. Should this be wrong, time to say goodbye to the forexworld. hihihi

Egypt Yahya 14:35 GMT March 19, 2010
Return
Reply   
Lahore FM how r u pal ;)

GVI Forex Blog 14:32 GMT March 19, 2010 Reply   

Stock Traders focusing on Quadruple Witching

GVI Forex Blog 14:32 GMT March 19, 2010 Reply   

U.S. Dollar strengthens Overnight; Risk Aversion Highlighted

Amman wfakhoury 14:28 GMT March 19, 2010
gbpusd
Reply   
Amman wfakhoury 06:52 GMT March 19, 2010
gbpusd profitmaker chart: Reply

-------
yes Taro...we are now in downtrend and the 15300 still the
determination level , as I said yestrday the price is heading twd 15160 and may be continue 15100.
--------here we are around 15100 and still ready to
continue to 15070 then 15045

Gen dk 14:28 GMT March 19, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

tokyo rana 14:25 GMT March 19, 2010
confused

cool......but im confused bcoz of that gbpusd 15426 15467
15508?you think possible?best regards,

GVI Forex Blog 14:25 GMT March 19, 2010 Reply   
No wonder everyone is hiding in German bonds...

Hodgepodge

Lahore FM 14:24 GMT March 19, 2010
Trade Ideas

03/19/2010 08:46:35 FM Lahore 6

Sell DJIA
Entry: 10785 Target: open Stop: 10815
sold june dow with a stop now.
--
stopped for minus 30 points.thinking of short again.

--------------
Cheers Kevin fx life's like that.happy trades to you as always!

jkt-aye 14:22 GMT March 19, 2010
confused
Reply   
jkt-aye 08:26 GMT March 18, 2010
confused: Reply
rana...in a world of uncertainty, what else we can do except "confused" ? gtgl

jkt-aye 08:16 GMT March 18, 2010
confused: Reply
cable to 1.5195-1.5120 ?
----------
i'm no longer confused ;)

tokyo rana 14:22 GMT March 19, 2010
GBPUSD

ABHA FXS are you sure1.54 1.55 gbpusd?it is possible?best regards,

Lahore FM 14:21 GMT March 19, 2010
Trade Ideas

Sell Crude
Entry: 82.20 Target: Stop:

03/19/2010 08:40:43 FM Lahore 7

Sell Crude
Entry: 82.20 Target: open Stop: 83.40
sold may crude with a stop.
--

hjalf out 81.40 now,stops to entry.

Hong Kong Qindex 14:20 GMT March 19, 2010
EUR/USD : Current Comments
Reply   
Sell EURUSD
Entry: Target: Stop:

EUR/USD : the market has good potential to trade in the range of 1.3355 - 1.3463 during early period of next week.

Neuville JD 14:16 GMT March 19, 2010
reverse
Reply   
ok so if the dollar has to weaking, it's around here and now IMO
GL/GT

Hong Kong Qindex 14:16 GMT March 19, 2010
EUR/AUD : Current Comments
Reply   
Sell EURAUD
Entry: Target: Stop:

EUR/AUD : Critical Support 1.4707



The market will head for 1.4642 - 1.4648 when the projected chart point at 1.4707 fails to hold.

ABHA FXS 14:15 GMT March 19, 2010
GBPUSD
Reply   
Buy GBPUSD
Entry: Target: Stop:

EntrY LeveL
15100 --- 15050

Tp Next WeeK

15426
15467
15508

FXS

Neuville JD 14:15 GMT March 19, 2010
gbp/usd due for a rebound

I see gbp/usd as low as 1.5073, my stop is at .50

PAR 14:10 GMT March 19, 2010
Stocks
Reply   
Higher dollar leads to lower stock market .

Richland QC Mailman 14:06 GMT March 19, 2010
gbp/usd due for a rebound

stopped out. Took some new longs ahead of 1.5100. 1.5090 is a a MAJOR support.

Belgrade AS 14:04 GMT March 19, 2010
long-term entry
Reply   
Sell AUDUSD
Entry: 0.9190 Target: later Stop: @ ur will

it can seem "minor" ...unless you see it with my eyes: DOW is 10 tone heavy with crude allready sub-support(testing it from down-side)

Neuville JD 14:04 GMT March 19, 2010
short on dollar
Reply   
Buy GBPUSD
Entry: 1.5115 Target: Stop:

...

tokyo rana 13:57 GMT March 19, 2010
wonderful markeet...
Reply   
i said eurusd impossible 1.41 some one said nothing is impossible...what a beautiful price action right now...im so happy....best regards

Hong Kong Qindex 13:50 GMT March 19, 2010
GBP/USD : Current Comments
Reply   
Sell GBPUSD
Entry: Target: Stop:

GBP/USD : Speculative selling pressure will increase when the downward trending momentum is strong enough to penetrate through the supporting points at 1.5047 and 1.5080.

Belgrade AS 13:50 GMT March 19, 2010
gbp/usd due for a rebound

anyhow,i missed to sell both eurusd and cable from recent highs...went fishing at4AM this morning expecting a boring day at markets.....they will hold range for the rest of the month,anyway!figured i'll pick them both up from bottoms and then i'll use those pips for risk protection when i turn around south!

HK Kevin 13:49 GMT March 19, 2010
Trade Ideas

Lahore FM 12:29 GMT, almost situation as you. Half out of USD/CAD long near today's high and got stop at b/e for the remaining portion. Re-enter long at 1.0089. The pair needs to close above 1.0140 for more upward momentum.

Richland QC Mailman 13:43 GMT March 19, 2010
gbp/usd due for a rebound

hope AS... this one is quite slow. Thought the beast is headed to 1.3400/500 already, but it reversed again. Very confusing trend or counter trend indeed.

SF WM 13:28 GMT March 19, 2010
eurchf

Overode my stop and now getting out at flat 1.4375. Will reload if it makes another stab at 1.43

Belgrade AS 13:24 GMT March 19, 2010
gbp/usd due for a rebound

good luck Mailman.it looks like 10dayMA is supporting it...for now.

Richland QC Mailman 13:09 GMT March 19, 2010
gbp/usd due for a rebound
Reply   

Entry: 1.5145 Target: open Stop: 1.5120

Longs taken on speculation the 50% fibo would hold and the lows of the day will not be taken out.

Wall Street 12:57 GMT March 19, 2010
Health Care

PAR- good question. I think its a done deal, and assume the market feels that way too. Opponents are hoping for a miracle.

I don't think it will have a large impact, but I've been wrong many times before.

London ex 12:54 GMT March 19, 2010
$/yen
Reply   

Entry: 90.30 Target: 90.90 Stop: 89.90?

Downside is protected. All boils down to a defensible entry level. My stop is flexible. I don't want to get picked off again.

Hong Kong Qindex 12:54 GMT March 19, 2010
EUR/CAD : Current Comments
Reply   
Sell
Entry: Target: Stop:

EUR/CAD : Heading towards 1.2855



The market is under pressure when it is trading below the weekly cycle pivot centers at 1.3932 - 1.4011 - 1.4183. As indicated in the long term references for position traders speculative selling pressure will increase when the market downward trending momentum is strong enough to penetrate through the projected chart point at 1.3734. Major market makers are still holding their short positions and there is no indication of reversing their positions at the time being. However one have to be very cautious when the market is approaching the targeting range at 1.2130 - 1.2855. The targeting point is 1.2329.



EUR/CAD : Monthly Cycle Charts
http://www.qindex.com/eur-cad.html

PAR 12:53 GMT March 19, 2010
Health Care
Reply   
What will be impact of Obama health care bill vote ?. Better to have no positions over this weekend ?

Hillegom Purk 12:53 GMT March 19, 2010
ez

And so are 95% of the traders. it all boils down to a few things: greed and fear. mostly ruled in business as well.

GVI Forex john 12:50 GMT March 19, 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! 

The Global-view community is here to help!

Be sure to visit the NEW Trade Summary Page

Any Questions? Contact Us

GVI Forex john 12:48 GMT March 19, 2010
GVI Forex Trading Support

Mixed Greek headlines fueling EURUSD volatility.

Neuville JD 12:46 GMT March 19, 2010
usd/chf
Reply   
Sell USDCHF
Entry: 1.0630 Target: open Stop: 1.0660

a good deal. I'm watching the correlation with eur/usd who's also on a rebound point around 1.3520.
usd/cad ; under 1.0100 targets 0.950 IMO

jerusalem kb 12:45 GMT March 19, 2010
sell cadchf

stopped 1/2 half at be/ lol after 130pips+ unfortuntly i was sleeping and i did not see it

GVI Forex john 12:43 GMT March 19, 2010
GVI Forex Trading Support

Total Open Interest in the June EURO FX futures contract ended at 161,170 on Thursday down 987 contracts. Clearly some EURUSD longs were taken out yesterday. Some sources indicate that speculative traders are still slightly long EURUSD.

Later today will see the Commitment of Traders (COT) report from the CFTC. Those data are based on Tuesday closes. Traders often complain about the age of the data.

GVI Forex Blog 12:43 GMT March 19, 2010 Reply   

FX Thoughts for the day : 19-Mar-2010 - 1240 GMT

Lahore FM 12:29 GMT March 19, 2010
Trade Ideas

Buy USDCAD
Entry: 1.0092 Target: Stop: 1.0060

03/19/2010 08:39:32 FM Lahore 6

Buy USDCAD
Entry: 1.0092 Target: Stop: 1.0060
03/17/2010 16:26:17 FM Lahore 2

Buy USDCAD
Entry: 1.0092 Target: open Stop: 1.0060
bought once again.
--
closed half now at 1.0174,stops to 1.0092 now on remainder.
--
the above stopped on remainder for profit.long afresh same price and 1.0060 stop now.

Wall Street 12:26 GMT March 19, 2010
EURUSD
Reply   
Look out!
EURUSD neutrality 1.3575
Volatility range +/- 40 to 50 pips
Just at our range limits.

bucharest vicx 12:24 GMT March 19, 2010
ez

politicians are like whores :P if u understand me!
any way euru usd i dont think that will go down more then 1,3525

GVI Forex john 12:21 GMT March 19, 2010
ez

Seems to me that most politicians don't understand the role of "speculation" in creating liquid and functioning markets. Without "speculators" there would regular huge gaps in prices in most markets. What it REALLY boils down to is that politicians would like to be able to legislate prices to suit their agendas. Speculation is bad because they can't control it.

Neuville JD 12:10 GMT March 19, 2010
EURO
Reply   
Buy EURUSD
Entry: 1.3520 Target: open Stop: 1.3480

EUR/USD at 1.3520 at EUR/JPY AT 122.15

London ST 12:03 GMT March 19, 2010
ez
Reply   
What this imbecile doesnt mention is that the ECb has created the market for such speculation to occur via their policies.....God help EZ......



ECB's Trichet warns of swaps misuse AOIFE WHITE
March 19, 2010 - 9:34PM

AP

The European Central Bank's chief has warned that credit default swaps "should not be misused in a speculative manner", backing European leaders eager to curb market pressure on government debt.

France, Germany and Greece have called for a clampdown on the trade of credit default swaps, a form of insurance against default, without actually owning the debt.

They claim traders who profit from so-called naked swaps are pushing costs on government borrowing to "unjustifiably high" levels.

Greek Prime Minister George Papandreou says he will need to seek cheaper loans from other European governments or the International Monetary Fund unless markets lower the rates they are demanding to buy Greek debt.

Traders see a high risk that Athens might not repay its loans.

ECB President Jean-Claude Trichet did not mention Greece or a possible European bailout for the country, but said he was concerned that credit default swaps could be used purely to generate profit and that they could pose a risk to the financial system.

"Certain financial instruments, which were introduced in consideration of their positive effects for the hedging of risks, should not be misused in a speculative manner," he warned.

"Authorities must be able to gather information, to assess possible risks for financial stability and detect possible improper conduct," he told a European Commission conference on preventing a future financial crisis on Friday.

He said greater transparency in credit default swaps markets was a "public good" for financial supervisors and for investors.

Trichet argued for the creation of more central counterparties to take over the handling of swaps deals, which are currently often traded privately between financial investors.

Central counterparties would deliver "much-needed transparency for all parties involved," he said. They would also make the swaps market more resilient to shocks by diversifying and sharing risk exposure and reduce the incentive to take excessive risks, he said.

US supervisors also favour more central counterparties as a key reform for the credit default swaps markets, saying they should be used to clear all over-the-counter derivatives. They also want traders to put up more collateral for derivatives - which could curb trades.

Trichet did not duscuss a recent threat by the European Commission to ban naked credit default swaps if a current investigation identifies problems with the market.

Gary Gensler, the chairman of the US Commodity Futures Trading Commission, says an outright ban would not work because it would be "difficult to police" and would only encourage traders to seek other high risk and high return investments.

The European Commission plans to propose new rules, supervision and transparency requirements for all derivatives in June.

© 2010 AP


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bucharest vicx 11:50 GMT March 19, 2010
maybe long USDCHF

Belgrade AS any thoughts pls!

GVI Forex john 11:44 GMT March 19, 2010
GVI Forex Trading Support



Chart Canadian CPI

bucharest vicx 11:44 GMT March 19, 2010
some info

GBPUSD resistance levels 1.5210/00, 1.5170/60, 1.5140, 1.5120/00 1.5070, 1.5050/40

jay yours are the same??

Hong Kong Qindex 11:41 GMT March 19, 2010
USD/CAD

Sell USDCAD
Entry: Target: Stop:

USD/CAD : Sell on rallies is the preferred trading strategy since the market is trading below the daily cycle matrix system at 1.0197 - 1.0241 - 1.0253. The market is going to consolidate within the weekly cycle pivot centers at 1.0014 - 1.0088 - 1.0168.



USD/CAD : Monthly Cycle Charts
http://www.qindex.com/cad.html

Hong Kong Qindex 11:35 GMT March 19, 2010
USD/CAD
Reply   
USDCAD
Entry: Target: Stop:

USD/CAD : 1.0101 is a significant supporting point.

bucharest vicx 11:34 GMT March 19, 2010
some info
Reply   
> FX: Investors looked for an excuse to book recent profits and both the Fed discount rate story and resuming Greek woes ahead of the March 25 EU summit were two triggers. The very light data calendar will keep currency majors mostly chart driven today, but investors are unlikely to induce a more intense sell-off and the trading range should stay of reference again.
>
> EUR: While EUR-USD may lose part of its recent strength below 1.3660, selling pressures will intensify sharply only on a full break of 1.3530. Thus, caution buying on dips should stay favored just below 1.36.
>
> CHF: As the 1.44 base on EUR-CHF has also gone, 1.43 should prove to be the ultimate threshold to be tested before SNB intervention. Note that 1.43 is also the EUR-CHF "fair value" if a simple PPP analysis is considered. We still favor entering long EUR-CHF positions on a 6M horizon primarily through the option markets.
>
> GBP: Sterling has showed so far a good resilience to the downside, with cable holding the line above 1.52. Buying on dips strategies are thus still favored here, while EUR-GBP looks quite overstretched below 0.89 and we won't ride a further sell-off below that threshold.
>

GVI Forex john 11:33 GMT March 19, 2010
GVI Forex Trading Support

Data @ 12:30 GMT
Canadian Retail Sales


Retail Sales are usually a broad measure of the retail sale of consumer durable and non-durables. It is used by analysts to gauge the strength of consumer consumption.

IMPACT: In most economies, the consumer sector is the largest sector of the economy. Central banks watch retail sales to measure the strength of the economy.

bucharest vicx 11:28 GMT March 19, 2010
maybe long USDCHF
Reply   
Buy USDCHF
Entry: Target: Stop:

long 1.0590, to 1.0640/50. fxteam . ru

tokyo rana 11:27 GMT March 19, 2010
long usdjpy

thanx....iwill stay sideline....which pair is better tellme?idonot like gbpjpy any more...best regards,

bucharest vicx 11:24 GMT March 19, 2010
long usdjpy

tokyo rana other surse says 90.75/90, to 91.25 and 91.80.

bucharest vicx 11:19 GMT March 19, 2010
Trade Ideas

lahore fm whats with your order on usd cad??? u are still in long? great for those who were in short!

tokyo rana 11:05 GMT March 19, 2010
long usdjpy

ok iwill close long also...i feel the same...but peoples saying bank of japan support dollar..and weaken...but close best..best regards

GVI Forex john 11:04 GMT March 19, 2010
GVI Forex Trading Support

Canadian CPI hotter than expected:
core +2.1% yr/yr
Headline +1.6% yr/yr

bucharest vicx 10:58 GMT March 19, 2010
long usdjpy

tokyo i think until its lower than 90.51 u should stay away and wait!

Neuville JD 10:57 GMT March 19, 2010
GVI Forex Trading Support

Not including food and energy when mesuring inflation doesn't make sense to me.

GVI Forex john 10:49 GMT March 19, 2010
GVI Forex Trading Support

Data @ 11:00 GMT
Canadian Consumer Price Index


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.

tokyo rana 10:48 GMT March 19, 2010
long usdjpy
Reply   
Buy USDJPY
Entry: 90.450 Target: 91 Stop: open

short closed now...im long....any view?best regards,

tokyo rana 10:41 GMT March 19, 2010
gbp

ithink canadian news.regards

GVI Forex Jay 10:35 GMT March 19, 2010
EUR/USD and more



EUR/USD chart

Singapore PW 10:35 GMT March 19, 2010
gbp
Reply   
Has there been any news out on gbp?

GVI Forex Jay 10:35 GMT March 19, 2010
EUR/USD and more
Reply   
As posted on GVI Forex

GVI Forex Jay 10:28 GMT March 19, 2010
EUR/USD and more: Reply


It is hard to believe that it was just 2 days ago that the market was pressing for 1.38+ and now 1.35 is on the radar as Greece concerns resurface. Key levels to watch are:

1.3537 (below creates an outside week)
1.3529 (March 5 low)
1.3500 (pivotal big figure)
1.3435 (key March 2 low)
1.3422 (key May 18 low and breakout level on downside)

On the upside, 1.3587 was yesterday's high but 1.36 is probably more important as above is needed to slow the risk.

As noted last night, logic suggests traders will head to the bunkers early as it is hard to run positions over the weekend given the risk of news headlines both prior to and over the weekend. US health care vote over the weekend is so far a background issue, public doesn't like it but Democrats bent on ramming it through.

Currently, GBP/USD playing catch-up on downside, CHF, JPY and USD getting the safe haven flows.

EUR/CHF approaching the record 1.43 low. Make or break time for the SNB? I never bet on central banks but logic suggests it has to defend or open the door to a black hole.

GVI Forex Blog 10:32 GMT March 19, 2010 Reply   
Currencies: European currencies continue to act defensively throughout the morning as fiscal concerns continue to linger. The overall concerns continue to stem whether Greece would secure financial assistance from the EU.

European Market Update: Concerns continue to linger whether Greece would secure financial assistance from the EU

London HC 10:11 GMT March 19, 2010
DJ EU's Barroso: EU, Including Germany, Ready To Extend Aid To Greece

What is it with Greece having to ask for support. Is this semantics? Market will force the issue.

Syd 10:08 GMT March 19, 2010
DJ EU's Barroso: EU, Including Germany, Ready To Extend Aid To Greece
Reply   
PARIS (Dow Jones)--Eurozone countries, including Germany, would be ready to extend aid to Greece if asked, European Commission President Jose Manuel Barroso said in an interview with French radio channel France 24 to be broadcast Saturday.

"Germany is ready in case Greece needs it, and so far Greece has not asked for financial support," Barroso said, noting that earlier this week he had a meeting with Greek Prime Minister George Papandreou.

Barroso said Eurozone countries should have "some kind of mechanism" ready as soon as possible in case Greece asks for financial support.

London Misha 09:55 GMT March 19, 2010
Observations
Reply   
EURUSD - Open & Close Black Marubozo on Daily Chart.
USDJPY - Long Legged Doji but also a Key Reversal Up on teh Daily Chart.
GBPUSD - Bearish Harami on the Daily Chart.
USDCHF - Bullish Engulfing Pattern on the Daily Chart.
EURGBP - Three Black Crows on the Daily Chart. However, market bounced up from the Medium MA.
EURJPY - Possible short term Double Top on the Daily Chart.
USDCAD - Two Day Reversal up on the Daily Chart.
AUDUSD - Bearish Harami on the Daily Chart.
NZDUSD - Inside Doji on the Daily Chart.

GVI Forex Blog 09:47 GMT March 19, 2010 Reply   
10:00 GMT- Mar 19 (global-view.com) This is an exceptionally slow day on the U.S. data front. Monday is devoid of major data releases from about everywhere, although this is one of the four quadruple witching day

Daily GVI Forex Forex View- Risk Trades Off

PAR 09:46 GMT March 19, 2010
EURO
Reply   
March 19 (Bloomberg) -- The euro headed for its biggest weekly decline against the dollar since the start of February as concern Greece will fail to secure financial assistance from the European Union damped demand for the currency.

The euro fell this week against all but one of its 16 major peers as Greece set a one-week deadline for an aid mechanism from the EU, while German officials said the International Monetary Fund is the preferred option. The Swiss franc rose against the euro for a sixth straight day, its longest run of gains since December 2008. The yen fell versus higher-yielding counterparts today as stock gains curbed demand for the currency as a refuge.

GVI Forex john 09:43 GMT March 19, 2010
GVI Forex Trading Support


The Daily Forex View

Risk Trades Off

10:00 GMT- Mar 19 (global-view.com) This is an exceptionally slow day on the U.S. data front. Monday is devoid of major data releases from about everywhere, although this is one of the four quadruple witching day

MORE...

GVI Forex Blog 09:43 GMT March 19, 2010 Reply   
The euro slipped on Friday, pressured by nagging concerns about Greece's deficit problems as traders waited to see if Athens can secure aid from euro zone members at a summit next week.

FOREX NEWS-Greek debt concerns keep euro under pressure

PAR 09:31 GMT March 19, 2010
EURCHF

Expect no intervention as SNB is planning a rate hike sooner,rather than later. Remember CHF is still considered a proxy for Gold .

GVI Forex Jay 09:29 GMT March 19, 2010
Yen selling weeks to come

Bucharest vicx. We have an Open Forum (formerly the help Forum) - see link under Post a Message for basic (or any) question. THis is where you should ask such questions and we or one of our members will answer. This is a good place to hone your skills.

Geneva ej 09:17 GMT March 19, 2010
EURCHF
Reply   
Buy EURCHF
Entry: 1.4320 Target: 1.4400 Stop: 1.4290

Could see intervention at some point as SNB sorts out what its policy really is!

bucharest vicx 09:17 GMT March 19, 2010
Yen selling weeks to come

jay or someone else explain me whats mean Buying on dips strategies????

tokyo rana 09:00 GMT March 19, 2010
gbpjpy

thanx brother,lahore really? again not up from 136 137 or 135 to 139 to 143?best regards,

Lahore FM 08:56 GMT March 19, 2010
gbpjpy

Rana,135.70 is my t/p today or later does not count in my calculations.bias down!

PAR 08:56 GMT March 19, 2010
Lehman = Madoff / Repo 105
Reply   
By Simon Kennedy LONDON (MarketWatch) -- Former Merrill Lynch officials warned the Securities and Exchange Commission and Federal Reserve that Lehman Brothers was incorrectly calculating its liquidity position months before its collapse, the Financial Times reported. The former Merrill staffers contacted authorities after Lehman released an estimate of its liquidity in the first quarter of 2008, the newspaper said. Lehman touted the numbers to counterparties and investors as evidence it was in a stronger position than some rivals, but former Merrill officials said they believed Lehman included so-called regulatory capital in its calculation of excess liquidity -- something other banks didn't do -- the newspaper said.

tokyo rana 08:51 GMT March 19, 2010
gbpjpy

lahore brother please tellme today gbpjpy make 135136?
gbpjpy Intraday bias is turned neutral with 4 hours MACD crossed below signal line...best regards

Lahore FM 08:49 GMT March 19, 2010
gbpjpy

you are welcome!

Lahore FM 08:46 GMT March 19, 2010
Trade Ideas

Sell DJIA
Entry: 10785 Target: open Stop: 10815

sold june dow with a stop now.

tokyo rana 08:45 GMT March 19, 2010
gbpjpy

thank you very much brother for your view...good luck happy trade...best regards

Lahore FM 08:42 GMT March 19, 2010
Trade Ideas

Buy OTHER
Entry: 1.6560 Target: Stop: amend to 1.6380

03/17/2010 15:41:32 FM Lahore 5

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.
--
sl lowered to 1.6380

Lahore FM 08:40 GMT March 19, 2010
Trade Ideas

Sell Crude
Entry: 82.20 Target: open Stop: 83.40

sold may crude with a stop.

Lahore FM 08:39 GMT March 19, 2010
Trade Ideas

Buy USDCAD
Entry: 1.0092 Target: Stop: 1.0060

03/17/2010 16:26:17 FM Lahore 2

Buy USDCAD
Entry: 1.0092 Target: open Stop: 1.0060
bought once again.
--
closed half now at 1.0174,stops to 1.0092 now on remainder.

tokyo rana 08:37 GMT March 19, 2010
Rana you talk too much..

tellme who is talking to you?

Tokyo JT 08:35 GMT March 19, 2010
Yen selling weeks to come
Reply   
Buy USDJPY
Entry: Target: Stop:

For the past many years, starting from the third week of March Yen has been falling broadly against all currencies.
According to my past experiences dealing with Corporates and Investors, Year-end repatriation should be completed by the end of second week while new asset allocations will start from the third.
Buy All Yen crosses tonight (LDN-NYK) if fall further would be my best choices! I do not stick to my computer all day watching Hourly charts, Daily charts, Fibos, MACDs, Stochastic, or whatever technical tools people use here but I follow the real money flows instead.

Toronto WS 08:23 GMT March 19, 2010
Rana you talk too much..
Reply   
okyo rana 07:57 GMT March 19, 2010
gbpusd profitmaker chart: Reply
Amman wfakhoury donot be angry with me about my comment...i just did not like your call bcoz of your call ilost money but its ok its my fault iknow...it means not that idonot like you or hate you..ithink your great person and you always help peoples...i respect you as a person..and iknow anyone can make bad call...iwant know your view about gbpjpy eurjpy..good luck..best regards
================
Without disrespect Rana, you and Sophia Kaprikorn talk too much. You should listen more and become a better trader than having to ask other traders their views and when you burn (maybe because you don't understand the trader's method properly?) you slate them and BLAME them for your loss. If you analyse Quindex's analysis, you will see that he is more often wrong than wfakhoury!! Go check it out on Quindex's monthly statements.
Do us all a favour and try and sit on your mouth today and watch and learn. You may just become a trader.

Amman wfakhoury 08:20 GMT March 19, 2010
To minimize your loss
Reply   
place your order very close to determination level , and make your stop loss very close to it.

Amman wfakhoury 08:17 GMT March 19, 2010
downtrend means
Reply   
if we are in downtrend never buy, keep selling until the price
hit the target which is 136.50 or exit with loss if breaks 138.00

Amman wfakhoury 08:12 GMT March 19, 2010
gbpjpy
Reply   
Rana
------
GBPJPY in downtrend and heading twd 136.50 ,at this moment
it in coorection till 137.80-90 ,to continue down it must break 137.20 .
determination level 138.00

tokyo rana 07:57 GMT March 19, 2010
gbpusd profitmaker chart

Amman wfakhoury donot be angry with me about my comment...i just did not like your call bcoz of your call ilost money but its ok its my fault iknow...it means not that idonot like you or hate you..ithink your great person and you always help peoples...i respect you as a person..and iknow anyone can make bad call...iwant know your view about gbpjpy eurjpy..good luck..best regards

tokyo rana 07:51 GMT March 19, 2010
GBP/USD : Current Comments

Qindax what about gbpjpy usdjpy please tell us and also eurjpy?
best regards

Hong Kong 07:47 GMT March 19, 2010
EUR/USD Intraday signal by AceTrader
Reply   
EURUSD
Entry: Target: Stop:

INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD
EUR/USD: 1.3615

Late Update At 19 Mar 2010 06:50 GMT

Intra-day selloff in cable is likely to pressureeuro n as price has retreated after faltering be-low 1.3633 (o/n NY reaction high), suggesting thisweek's decline fm 1.3819 wud briefly penetrate NY1.3586 low but reckon sup at 1.3530 wud hold today.

Lower short entry for this move n exit on suchdecline. Abv 1.3648 may risk 1.3660/70 b4 'down'.


Range Forecast
1.3590 / 1.3620


Resistance/Support
R: 1.3648/1.3696/1.3726
S: 1.3586/1.3530/1.3484

http://www.acetraderfx.com

Singapore JT 07:23 GMT March 19, 2010
Usd/Cad
Reply   
crucial levels for the Cad 1.0200 / 25 the breakdown zone exactly a week ago

Hong Kong Qindex 07:21 GMT March 19, 2010
GBP/USD : Current Comments
Reply   
Sell GBPUSD
Entry: Target: Stop:

GBP/USD : The distribution profile of the monthly cycle probability chart indicates that the market has a tendency to trade between 1.4277 - 1.5494. The market is stable when it is consolidating within the weekly cycle pivot centers at 1.5167 - 1.5185 - 1.5213. Speculative selling pressure will increase when the market momentum is strong enough to penetrate through the daily cycle matrix system at 1.5147 - 1.5148 - 1.5158.



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

Singapore JT 06:58 GMT March 19, 2010
Gbp/Chf
Reply   
With the long tails forms in the Gbp/Chf dailies ... looks to me a good opportunity to go short from here for a multi day target 1.5900

Amman wfakhoury 06:52 GMT March 19, 2010
gbpusd profitmaker chart
Reply   
Montréal Taro 05:44 GMT March 19, 2010
gbpusd profitmaker chart: Reply
wfakhoury

What is your trend level now ? still 1.5300 ?

-------
yes Taro...we are now in downtrend and the 15300 still the
determination level , as I said yestrday the price is heading twd 15160 and may be continue 15100.

Syd 05:53 GMT March 19, 2010
Aussie Yields Can Push Higher On RBA Path - ANZ
Reply   
Australian interest rate yields could push much higher given RBA remains clearly on a tightening bias with more hikes ahead, says ANZ Strategist Tony Morriss. "There is an ongoing debate about RBA timing: will they hike in April, or wait till May? Whatever the outcome, the bottom line is that AUD rates have considerable room to rise, meaning we will see bond market losses and a flatter curve." 3-year yields last 5.11%.

Syd 05:52 GMT March 19, 2010
EUR/USD, EUR/JPY Up;Japan Speculators Buy-Dealers
Reply   
EUR up vs USD, JPY as Japanese short-term investors trim EUR-downside bets as hedge against outside chance of any rises into early next week; but buying merely safety precaution ahead of Japanese market closure Monday, says senior FX dealer at major European bank. "The Japanese players buying the euro today are doing so just because Monday is a market closure in Japan, and they don't want to be caught without any hedges just in case there would be any euro-positive developments while they're on holiday." But says EUR downtrend intact. Other dealers concur. Senior trader at Japan trust bank tips any further EUR/USD rises capped at 1.3650 vs last 1.3623, EUR/JPY cap at 123.50 vs 123.24

Montréal Taro 05:44 GMT March 19, 2010
gbpusd profitmaker chart

wfakhoury

What is your trend level now ? still 1.5300 ?

TIA

GVI Forex Blog 03:39 GMT March 19, 2010 Reply   

Morning Briefing : 19-Mar-2010 - 0336 GMT

tokyo rana 03:39 GMT March 19, 2010
eurusd

Buy EURUSD
Entry: 1.36200 Target: 1.36500 Stop: 1.36000

last post misstake.best regards

tokyo rana 03:38 GMT March 19, 2010
eurusd
Reply   
Buy EURUSD
Entry: 1.36200 Target: 1.35000 Stop: 1.3600

ithink its going to1.36500..any view?best regards

Melbourne Qindex 03:10 GMT March 19, 2010
EUR/GBP : Current Comments
Reply   
Sell EURGBP
Entry: Target: Stop:

EUR/GBP : Sell on rallies is the preferred trading strategy when the daily cycle matrix system at 0.9002 - 0.9003 - 0.9027 failed to hold the upside market movement. As shown in the monthly cycle charts the market is under pressure when it is rejected from 0.9135. The critical level of the monthly cycle is 0.9103 - 0.9150. The odds are in favor of maintaining a short position when the market is trading below 0.9103 - 0.9150 i.e. rejected from the monthly cycle critical level. The monthly cycle projected series indicates that 0.8875 is the midpoint reference between two projected chart points at 0.8615 and 0.9135. It is reasonable to believe that the market will be able to pick up some support around 0.8840 - 0.8888. A resistant point is expected at 0.8963.


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

Syd 02:48 GMT March 19, 2010
DJ Hatoyama Considered Redenominating Yen After Assuming Power -Nikkei
Reply   
TOKYO (Nikkei)---Japan Prime Minister Yukio Hatoyama considered redenominating the Japanese currency shortly after taking office last September, the Nikkei reported in its Friday morning edition.

Hatoyama asked former Finance Minister Hirohisa Fujii to handle the issue as a key policy initiative marking the transfer of power from the Liberal Democratic Party to his Democratic Party of Japan, but Fujii quit in January, citing poor health, according to a source close to Hatoyama.

Redenomination, under which the yen's value would be recalibrated by knocking off one or two zeros, also came up for discussion when the LDP was in power. But the proposal got nowhere because it was considered an ineffective economic stimulus measure.

Hong Kong Qindex 02:40 GMT March 19, 2010
EUR/USD : Current Comments
Reply   
Sell EURUSD
Entry: Target: Stop:

EUR/USD : the bias is on the downside when the market is below 1.3749. The current expected trading range is 1.3500 - 1.3646. Anything below 1.3426 is negative for the market.



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

GVI Forex Blog 02:26 GMT March 19, 2010 Reply   

Greek Struggles Pressure Euro; May have to Turn to IMF for Help

Syd 02:21 GMT March 19, 2010
China should also be allowed to convert part of the forex reserves into assets denominated in the In
Reply   
March 18 (Bloomberg) -- The International Monetary Fund will come to the rescue of debt-strapped Greece after a “game of chicken,” according to Mohamed El-Erian, co-chief investment officer at Pacific Investment Management Co.
http://www.bloomberg.com/apps/news?pid=20601083&sid=aPGw8LaRS1SE

Syd 02:10 GMT March 19, 2010
JPY crosses
Reply   
Talk that much of repatriation has now been done -
JPY buying due to end-of-year corporate repatriations has now been done.
DJ Ex-PBOC Adviser: US Should Help China Convert Some US T-Bonds Into Safer Assets
The U.S. government should take steps to allay China's concerns over the safety of its foreign-exchange reserves, of which U.S. Treasury bonds compose a large part, Yu Yongding, a former People's Bank of China adviser, said in an opinion piece published Friday in the English-language China Daily.
Yu, who now heads the China Society of World Economics, said in the article that capital losses on China's foreign-exchange reserves look inevitable due to continued weakness of the U.S. dollar, while inflation triggered by an expansionary monetary policy in the U.S. would also continue to erode the value of China's holdings.China should also be allowed to convert part of the forex reserves into assets denominated in the International Monetary Fund's special drawing rights, he said.

"If the U.S. government cannot safeguard the value of its securities, it should compensate China in one way or another," he wrote.

Hong Kong 01:30 GMT March 19, 2010
Daily Market Outlook by AceTrader
Reply   
Market Review - 18/03/2010 22:50GMT

Euro tumbles on concern Greece may need aid from IMF


The greenback traded higher against most major currencies On Thursday as worries over further monetary tightening in China and political discord within Europe over a rescue package for Greece sparked risk aversion.

The Greek issue continued to hover over the market as late Wednesday a published report came out saying that the Greek officials were not hopeful about obtaining aid at the March 25-26 EU summit and they might need to seek financial help from IMF over the long Easter weekend in April. In response, the single currency extended the decline from previous session high of 1.3819 and tumbled to 1.3586 in NY morning before stabilizing.

The Swiss franc strengthened for a fifth day against the euro, its longest winning streak in six months, as Swiss National Bank Governing Board member Jean-Pierre Danthine said policy makers cannot keep borrowing costs near zero for an extended period of time and maintain purchases of foreign currencies indefinitely. Eur/chf nose-dived to 1.4355 after the news in NY afternoon while usd/chf also reacted strongly on the comments, falling sharply from intra-day high of 1.0648 to a low of 1.0534 before rebounding from there swiftly.

The cable traded with a soft undertone in Asia morning after a strong rally in the previous day. In Europe session, U.K. Public section net borrowing came in at 12.36 billion pounds in February, less than economists' forecast of 14.75 bln pounds but much higher than the downwardly revised reading of 0.04 billion pounds in January. Sterling rebounded briefly from 1.5240 to 1.5329 in European morning. However, the pair retreated after the release of weaker-than-expected U.K. March CBI orders which came in at -37.0 versus the expectation of -32.0 and the reading of -36.0 in February and price hit an intra-day low of 1.5217 in NY morning before trading sideways.

Economic data to be released on Friday include Japan industry index, Germany PPI, Canada CPI and retail sales.

http://www.acetraderfx.com

Syd 01:14 GMT March 19, 2010
DJ Australia To Allow Uranium Sales To Russia - Minister
Reply   
Australia will proceed with its plans to allow the sale of uranium to Russia for use in its civil nuclear reactors but still won't allow sales of the fuel to India as it hasn't signed the Nuclear Non-Proliferation Treaty, Trade Minister Simon Crean said Friday.

He was commenting after Resources and Energy Minister Martin Ferguson affirmed Thursday that the Australia-Russia Nuclear Cooperation Agreement provides appropriate safeguards for the supply of Australian uranium to Russia.

USABAY 01:00 GMT March 19, 2010
USD/JPY : Current Comments

MELBOURNE QINDEX,

DR Q When ever you can pls give an update on how to trade eurgbp. tia













Syd 00:41 GMT March 19, 2010
DJ MARKET TALK: USD/JPY May Rise Above 93 By End Of June-BarCap
Reply   
DJ MARKET TALK: USD/JPY May Rise Above 93 By End Of USD/JPY may rise more steadily in 2Q, with gain above 93 possible by end-June as Fed likely to drop "extended period" phrase at FOMC meeting in April, says Barclays Capital head of global FX strategy David Woo. "While this does not mean that the Fed will start hiking short-term rates immediately, chances are that against a stronger growth backdrop, the market will be compelled to reprice, possibly significantly, the front end of the yield curve." Expects U.S. recovery may gain momentum as economic reports for March likely to show further improvement on-month, as February snowstorms weighed. Recommends buying USD/JPY at 90.01 vs last 90.38, buying AUD/USD at 0.9212 vs 0.9205.

Syd 00:38 GMT March 19, 2010
DJ World Should Rethink Dollar-Based Financial System -Think Tank
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LONDON (Dow Jones)--The world should gradually move away from its reliance on the U.S. dollar as the dominant currency for trade and official reserves and establish a framework for a new international monetary system, research firm the Royal Institute of International Affairs said Friday. Special Drawing Rights--a basket of currencies managed by the International Monetary Fund--should play a bigger role in trade and capital flows, and key central banks should band together in an international body to coordinate on financial-market policies, the London-based think-tank, often known as Chatham House, said in a report.
Chatham House, which conducted the study alongside the World Economy and Finance Research Programme, acknowledged that gripes about the dollar's preeminence in the financial markets are long-standing, and it didn't call for any abrupt structural shifts. Still, the influential body said its proposed new strategy is "doable," and worthy of serious consideration."Protectionism is a constant threat. Currency misalignments persist. And at the center of the system, America's dollar continues to be undermined by large payments deficits and a swelling burden of debt. The theme of reform may not be new, but the need for reform has never been more urgent," the report's foreword stated.
Official reserve managers around the world have shifted the makeup of their investments over the past decade or so, building up on assets that aren't denominated solely in dollars. Still, the dollar remains the primary reserve currency, despite the U.S.'s declining weight in the global economy.Meanwhile, the Chinese yuan has effectively been pegged to the dollar since the middle of 2008, sparking increasingly shrill calls for Chinese officials to allow their currency to climb. Officials in the euro zone and in other countries, on the other hand, have expressed concern that their currencies have strengthened too far.In its report, Chatham House described the current international monetary system as "inadequate" for the modern world, with its close integration between developed economies and rapid growth in emerging economies.

But it said the system "cannot be easily or quickly reformed or replaced, as the options currently available are either normatively undesirable or politically problematic."
One of the recommendations in the report was that the supply of the IMF's SDRs--baskets comprising dollars, yen, the euro and sterling--should be increased, partly through the creation of an International Monetary Policy Committee.
DeAnne Julius, a former member of the Bank of England Monetary Policy Committee, said in her contribution to the think-tank report that the IMPC should meet every six months to decide on allocations of new SDRs to member governments' accounts.
The IMPC should be chaired by the IMF's managing director and include the heads of the U.S., U.K., euro-zone and Japanese central banks, with four other term-limited members from other countries."China and Brazil are obvious examples," the report said.The IMF's board should retain the ability to approve or reject the IMPC's recommendations. Still, any plans along these lines would be tough to implement. In particular, it is hard to press the need for reform such as this, even over a long period, when the current system has worked relatively well and has withstood the pressures of the financial crisis without any major disruptions. In addition, investors still flock to the dollar in times of global economic stress and uncertainty.

Syd 00:27 GMT March 19, 2010
DJ AUD/USD Now Cheap On Fair-Value Basis - NAB
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Short-term model for AUD "fair value" estimate is now 0.9550, so AUD/USD is 3.6% "cheap", says John Kyriakopoulos, head of FX strategy at NAB. Bias for AUD/USD is higher over coming weeks but close above 0.9243 is needed to sustain recent upward momentum. Says that's assuming Greek debt crisis attenuates on the EU announcing a back-up financial support package. Says as a sign that the global economic outlook has improved, copper price needs to make a fresh high for the year. Initial support for AUD/USD is at 0.9180

LA BV 00:26 GMT March 19, 2010
eurusd
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Sell EURUSD
Entry: 1.3650 and 1.3680 Target: 1.3555 Stop: 1.3710

The upside should be limited ahead of the weekend.

 




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