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Forex Forum Archive for 03/23/2010

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USA ZEUS 23:54 GMT March 23, 2010
False Recovery

Don't ignore the threat of an EMP. It can knock the world back into the stone ages and starve millions to death and that might only be the first wave. Read "One Second After". Nobody, not even Obama, can help you then.

USA ZEUS 23:49 GMT March 23, 2010
False Recovery
Reply   
This phony recovery in the economy is artificial and engineered by the masons to prepare for what is really on the horizon. Do not ignore the eye in the sky. Build your foundation and finish building your pyramid with metal(gold, silver and copper), food storage (including water) and fuel. You are going to need (and defend) it.

USA ZEUS 23:42 GMT March 23, 2010
US Housing market
Reply   
No question that the US housing market stretches lower yet again. Any idea what that will do in reflection of the US economy? The devastating storm brews....

USA ZEUS 23:35 GMT March 23, 2010
Vacation

LA LA 23:23 GMT March 23, 2010

Quite some time ago I put out levels (and was scoffed at) that are likely to be tackled in the EUR/USD including-

1.3277, 1.2777, 1.2277, 1.1777...

USA ZEUS 23:28 GMT March 23, 2010
Vacation

LA LA 23:23 GMT March 23, 2010

Not at all. In fact, I think it will be important to enjoy some vacation before the government nationalizes and re-distributes that too. The US is in the eye of the storm. Now is the time to prepare and take advantage of the few freedoms that remain.

LA LA 23:23 GMT March 23, 2010
Vacation

Zeus. Have you changed your tune from Monday when the healthcare bill had you leaning the other way?

USA ZEUS 23:21 GMT March 23, 2010
Vacation
Reply   
Zeus and family (NOT the Grizwolds) will be planning for some nice European vacations as the EUR/USD begins its plummet towards parity.

Syd 23:03 GMT March 23, 2010
CEE Currencies Slightly Undervalued - Goldman
Reply   
Central and Eastern European currencies are slightly undervalued, with PLN and CZK trading about 7% cheaper to fair value on a trade-weighted basis, about 8% cheap to the EUR, and HUF is broadly fairly valued, Goldman Sachs says. Adds that CEE economies have rebalanced and are continuing to recover "handsomely." However, local assets are still trading with large risk premia and they can continue to outperform. CDS spreads are too wide, local short rates are too high versus expected inflation 1-year forward and local currencies can outperform further.

Syd 22:58 GMT March 23, 2010
AUD/USD Should Get Boost On Iron Ore Reports- NAB
Reply   
AUD/USD should get a boost from reports that Brazil's Vale (VALE) has struck a deal for a massive increase in contract iron ore prices, says John Kyriakopoulos, head of FX strategy at NAB. Says Vale is seeking a price rise to US$122.20 per metric ton for the quarter beginning 1 April, up from the US$57/ton price for the year ending 31 March. The company is also reportedly pressing for quarterly price negotiations, rather than the annual negotiations that have been the norm to date. Says BHP (BHP.AU), Rio Tinto (RIO.AU) have also been pushing for more regular price fixes. Vale has said it will not confirm price outcomes until its next quarterly market update. NAB short-term model's "fair value" estimate is currently 0.9540, with AUD/USD sitting 3.7% lower. Resistance for AUD/USD is at 0.9240/50

GVI Forex Blog 22:53 GMT March 23, 2010 Reply   

Forex News - CANADA FX DEBT-C$ ends slide, rebounds to close higher

GVI Forex Blog 22:52 GMT March 23, 2010 Reply   
My ears perked up when I read today that China’s Premier Wen Jianbao said China would run a trade deficit of around $8bln and its first in 72 months…he was quoted as saying “To be honest, I was happy when I learned of the situation.”

China's March Trade "Deficit"

Singapore stan 22:24 GMT March 23, 2010
EURUSD
Reply   
Buy EURUSD
Entry: 1.3450 Target: 1.3515 Stop: 1.3420

Range market. Trying to get in at a safe level.

Syd 22:22 GMT March 23, 2010
DJ Yellen: Doubts Connection Between Low Rates, Market Imbalances
Reply   
LOS ANGELES (Dow Jones)--Federal Reserve Bank of San Francisco President Janet Yellen said Tuesday she is open to becoming the Federal Reserve Board's vice chairwoman.
"I have not been nominated for the job but I have been contacted by the White House and I am in the process of proving information they have requested," Yellen told reporters after a speech in Los Angeles. Noting that comments from the administration have put her name in contention for the No. 2 job at the central bank, Yellen said she "would be open to serving" if asked.
Economists generally applaud the idea of Yellen as Fed vice chairwoman, although some have noted that the official, who has been one of the most vociferous advocates for keeping rates very low for an extended period of time, is a decidedly dovish choice for a top central bank leadership position.

London ex 22:22 GMT March 23, 2010
$/yen


Entry: 90.15 Target: 90.85 Stop: 90.25

Still holding onto my $/yen long from 90.15. Putting in a protective overnight stop and a t/p level on a spike.

ABHA FXS 22:20 GMT March 23, 2010
LONG GBPAUD
Reply   
Buy
Entry: 1.6366 Target: 1.6470/94 Stop: 1.6321

NICE TRADE..

Syd 22:18 GMT March 23, 2010
DJ Fed's Yellen Tells It Like It Is
Reply   
Fed's Yellen says unemployment to stay high for years to come, sees 2010 year end unemployment at 9.25%. She believes Fed policy is accommodative and appropriate, says now is not the time to tighten rates and adds rate rise to come when growth nears potential.

China steel demand to double by 2020
CHINA'S steel demand is expected to double by 2020 as its urbanisation and industrialisation continues, Rio Tinto Iron Ore chief executive Sam Walsh says. The Asian superpower's steel demand would remain strong despite the risks of a property bubble and low or no economic stimulus measures, Mr Walsh told a conference in Perth on Tuesday.
link

Tallinn viies 22:02 GMT March 23, 2010
eurusd
Reply   
higher high and low compared to previous day-
I would say this is promising for range traders :)
option market is still playing 1,34-1,38 range.
I need to agree .

GVI Forex john 21:59 GMT March 23, 2010
GVI Forex Trading Support

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

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Toronto MDunleavy 21:19 GMT March 23, 2010
Buy GBPCAD
Reply   


Buy OTHER
Entry: 1.5270 Target: 1.5520 Stop: 1.5160

We'd talked bout Euro's weakness against commodity currencies in our weekly report and the outlook of Sterling is no better from that. GBP/CAD edged lower to 1.5172 yesterday and the down trend remains in force for 100% projection of 1.9299 to 1.6233 from 1.7890 at 1.4842. A break above 1.5552 resistance is needed to be first signal of bottoming or outlook will remain bearish.

http://iticsoftware.com/postimages/2009-Jun-19/BJF-Trading-Group-GbpCad0323.xls

Tallinn viies 21:16 GMT March 23, 2010
eurusd
Reply   
I was chasing after 100 ticks and never got there. thas why I know :)
but it was for day trading good enough.
went short yesterday evening at 1.3561. with stop at 82.
in europe was planing to to take profit if touches 100 ticks from daily high. it was only 95 ticks from top and my take profit order was not done.
moved trailing stop buy and reverse to 1,3530, it was done and left order to take profit at 1,3573 which was 100 ticks from daily bottom. but never reached there. touched only 61.
brought my trailing stop to break even and it was done.

USA ZEUS 21:05 GMT March 23, 2010
Pants on the ground
Reply   
Today was a day trader's market. Position traders long and short were looking like a fool with their pants on the ground.

GVI Forex Jay 20:55 GMT March 23, 2010
eurusd

Let's call it a choppy day then with some air pocket moves within the range.

GVI Forex Blog 20:46 GMT March 23, 2010 Reply   

Buying Slows as June S&P approaches New High for Year

GVI Forex Blog 20:46 GMT March 23, 2010 Reply   

Borrowing Money from IMF Guarantees Nothing for Euro

Syd 20:37 GMT March 23, 2010
*DJ API: Cushing Crude Stocks +0.484 Mln Bbl At 29.668 Mln Bbl
Reply   

API: Crude Oil Imports +1.272M B/D At 9.189M B/D On Wk

API: US Refinery Runs 80.8% Vs 81.3% Last Week
API: US Distillate Stocks -2.534 Mln Bbl In Week
API: US Gasoline Stocks -0.081 Mln Bbl In Week
API: US Crude Stocks +7.514 Mln Bbl In Week

Tallinn viies 20:37 GMT March 23, 2010
eurusd
Reply   
GVI Forex john 19:53 GMT - 95 ticks per day is not volatile day. daily range is rarely under 100 ticks per day.
it was nervous day not volatile

houston st 20:37 GMT March 23, 2010
eurusd


crude s/b +7.5M

houston st 20:37 GMT March 23, 2010
eurusd


APIs

crude +75.M
mogas -800k
dist -2.5M

ref utilization 80.8% vs 80.6%

Tallinn viies 20:31 GMT March 23, 2010
eurusd
Reply   
API numbers pls?

Syd 20:16 GMT March 23, 2010
From China to your doorstep
Reply   
I HAVE seen the future and it looks a lot like a China-bestowed boom and higher home loan interest rates.
If the forecasts for China are even half-accurate, we ain't seen nothing yet.
Not only will the future boom be at a much greater level of overall intensity, it will be more complex and varied from state to state across Australia.
The RBA will really need the monetary policy version of a four-wheel drive, for a three or four-speed economy.
http://www.heraldsun.com.au/business/terry-mccranns-column/from-china-to-your-doorstep/story-e6frfig6-1225844500121

GVI Forex Blog 19:56 GMT March 23, 2010 Reply   
20:00 GMT- Mar 23 (global-view.com) Tuesday saw another volatile trading session. As we noted early in the day, a key focus of trade was the EURUSD pair and on whether it can be stabilized...

Daily GVI Forex Forex View- Greek Headlines Roil EURUSD

GVI Forex Blog 19:53 GMT March 23, 2010 Reply   
The GBP/JPY pair started to decline last week, and was testing a rising support. So far this week, the pair dipped below rising support, rebounded for a pullback after reaching 135.00...

FXTimes: Daily Technical Update GBP/JPY Targets 132.30 and 128.50

GVI Forex john 19:53 GMT March 23, 2010
GVI Forex Trading Support


The Daily Forex View

Greek Headlines Roil EURUSD

20:00 GMT- Mar 23 (global-view.com) Tuesday saw another volatile trading session. As we noted early in the day, a key focus of trade was the EURUSD pair and on whether it can be stabilized...

MORE...

Belgrade AS 19:42 GMT March 23, 2010
usd/eur/chf cross

my point is that last month we had:
eurusd=1,35-1,38
usdchf=1,08-1,09
eurchf=absurd 1,46
------------------------
now,
eurusd=1,35
usdchf=300,400 pips lower
eurchf=300,400 pips lower(it's only today that this one fell in place!!!)
-----------------------------
if you ask me to jump and swim-it's either eurusd targetting 1,30 , or usdchf targetting 1,11(with 1,35 holding in eurusd)

Mtl JP 19:26 GMT March 23, 2010
usd/eur/chf cross

AS - Best way to gain some clarity is to enter the market. Market involvement has a way of re-setting apparent non-coordination / offsync-icity.
-
Probably a reasonable assumption is that very few outside SNB's worry about its - pretend? - deflationary worry.

GVI Forex Blog 19:13 GMT March 23, 2010 Reply   
Germany and France agree on Germany? SNB's Hildebrand warns on franc Zhou proposes U.S. - Chinese FX talks U.K. CPI comes off

Forex Market Commentary and Analysis (23 March 2010)

Belgrade AS 19:08 GMT March 23, 2010
usd/eur/chf cross

Mtl JP 19:00 ,it's coordination of their movements i'm asking about.somehow it appears offsync anywhichway i look at it.

GVI Forex Blog 19:03 GMT March 23, 2010 Reply   
The USD/CAD Attemped to rally back above the 1.02 powerline. However, the market kept it below 1.0250 throughout the first trading session of the week.

FXTimes: Daily Technical Update USD/CAD Forming a Double Top

PAR 19:00 GMT March 23, 2010
Greece
Reply   
Full name: The Hellenic Republic
Population: 11.2 million (UN, 2009)
Capital: Athens
Area: 131,957 sq km (50,949 sq miles)
Major language: Greek
Major religion: Christianity
Life expectancy: 77 years (men), 81 years (women) (UN)
Monetary unit: 1 euro = 100 cents
Main exports: Textiles and clothing, food, oil products
GNI per capita: US $28,650 (World Bank, 2008)
Internet domain: .gr
International dialling code: +

Mtl JP 19:00 GMT March 23, 2010
usd/eur/chf cross

not to take anything away from Jay, but refering to g-v's

Forex Pivot Points -- Free Forex Daily Data matrix:

eurchf pivot-calculated support levels:
S2 - 1.4273
S3 - 1.4238

fwiw and to borrow from a g-v old-timer: plz mind your risk

Tallinn viies 18:53 GMT March 23, 2010
eurusd
Reply   
GS strategy team long euros with one day close under 1,3500.
still attractive target for sharks :)
also rumours huge stops under 1,3460.
1,3430 doable within next 24 hours imho

PAR 18:52 GMT March 23, 2010
Euro = Greece
Reply   
NEW YORK, March 23 (Reuters) - The euro slipped against the dollar on Tuesday as investors worried that euro zone policy makers are unlikely to provide a rescue package for Greece at a summit later this week.

Worries over Greece's ability to win financial aid to help repay debt kept the euro close to a three-week low, which supported some safe-haven flows into the U.S. dollar.

Disenchantment with the European single currency was compounded by its decline to an all-time low against the Swiss franc.

Failure to reach a quick resolution over Greece, combined with lackluster euro zone economic growth, could prevent the European Central Bank from raising interest rates until well into next year and add to selling pressure.

Traders said pressure on the euro will continue ahead of the summit of European Union leaders on Thursday and Friday.

Belgrade AS 18:52 GMT March 23, 2010
usd/eur/chf cross
Reply   
Jay,it would be most helpfull if you could trow some light on usdchf,usdeur and eurchf cross.
tia

Daytona Beach BeachBum 18:44 GMT March 23, 2010
Trade Ideas

good info; thanks!

GVI Forex Jay 18:35 GMT March 23, 2010
Trade Ideas



One hour chart puts current levels in perspective.

GVI Forex Jay 18:34 GMT March 23, 2010
Trade Ideas



Daytona, see the daily chart you discussed. The market made a run for parity and the failure to reach 1.00 has set off a modest correction. The daily chart suggests the 20 day mva is a key to keepoing the focus on 1.00.

Daytona Beach BeachBum 18:24 GMT March 23, 2010
Trade Ideas

Sell USDCAD
Entry: Target: Stop:

The pair has trended down since March 09 and has now broken its low since Oct 09. For saftey got a SL at 1.028.
Am I looking back to far on the trend?

GVI Forex john 18:18 GMT March 23, 2010
GVI Forex Trading Support

Something that I have heard more than once recently from disparate sources that I think was worth passing on. Apparently a hot trade for hedge funds at the moment is to buy USDJPY against their other positions. I don't precisely understand the rationale of the trade but it seems to be a popular part of an equity, bond and commodity portfolio. Furthermore, figure that the bulk of fiscal yearend (March 31) JPY repatriations have run their course.

Belgrade AS 18:15 GMT March 23, 2010
Old lady Ghawar

i love your humor Zeus!...i'm being cinical,but here's my scenario:old lady is putting up the fight!...then,"objective" rating agencies(from u.s.) time perfectly some piggie downgrade(Portugal,for example)....then , (after NY close) pimple-faced boys and girls from the Alps start their "woooo-hooooo"
PS:the old lady will not even say "ty".

Belgrade AS 18:05 GMT March 23, 2010
Trade Ideas

Daytona Beach BeachBum 17:52 ,Canada's core cpi (stripped off energy costs) is passed through the treshhold.it WILL be the first "normal" country to hike(with a good reason!)
your call was a "st8 A" student play!!!
"boogie men" have unresolved issues with "risk"...crude is manipulated in an vulgar manner...so you lost...hope you didn't go "all-in"...that's all!

USA ZEUS 18:00 GMT March 23, 2010
Old lady Ghawar
Reply   
Word has it that the water cut is reaching alarming levels and that old lady Ghawar is about to burp. When she does you can expect a price shock unlike anything seen before.

GVI Forex Jay 17:55 GMT March 23, 2010
Trade Ideas

What time frame chart did you base the "trend" on? Also, just because it does not go your way initially does not necessarily mean you called it wrong. It depends on your target and stop.

nyc EB 17:53 GMT March 23, 2010
euro
Reply   
6 months of debating Greece and the best the EU can come up with is IMF aid?

Daytona Beach BeachBum 17:52 GMT March 23, 2010
Trade Ideas

Sell USDCAD
Entry: Target: Stop:

I shorted this at 1.01765 on what I thought was the trend. Where did I go wrong?

GVI Forex Jay 17:50 GMT March 23, 2010
Central Banks

JP, no call until we get a sense of where the SNB might appear. Using the "big figure" approach, 1.42 is the next level to watch, then 1.40. In uncharted waters.

Mtl JP 17:47 GMT March 23, 2010
Central Banks

Jay - care for your call what next for eurchf: which way the next 100 or 200 eurchf pips.
----
Does any notion of price-deflation really matter within Swizziland, and if so to who and how much ?

GVI Forex Jay 17:21 GMT March 23, 2010
Central Banks
Reply   
There is an old saying in forex trading not to count on central banks to bail you out of a position. SNB absence is an example and a lesson for those who were counting on it to defend 1.43.

I posted this on GVI Forex earlier in a discussion on the SNB:

GVI Forex Jay 13:46 GMT March 23, 2010
SNB: Reply
JP, as I have said many times, I never count on CBs to bail me out. In this case, eur/chf 1.43 is critical as it is the record low. If it goes, then there is a black hole on the downside. Question is how much does the SNB care and what does it see as excessive chf strength. Buying against 1.43 has worked if you got out on pops as others are looking to do the same.

Belgrade AS 17:08 GMT March 23, 2010
gbpjpy

"german/french agreement" is a wrong name for IMF bail-out!
btw,i have no means to double-check this,but UK10y yields have risen more then greek10y past year.
would be nice if anyone could check how "big guns" are aiming!
...i mean,for real!

GVI Forex Jay 17:03 GMT March 23, 2010
gbpjpy

Rana, we are just testing out some programming on the forum. Nothing to do with trading,

Neuville JD 17:03 GMT March 23, 2010
secure trade

yep, here not much but I'm expecting larger moves.

tokyo rana 17:02 GMT March 23, 2010
gbpjpy

Jay by the way what do you mean by test 1?if you donot mind tell us,best regards

Belgrade AS 17:01 GMT March 23, 2010
sell,sell,sell

once "analysts" wake up,global stox and com.dolls will jump off the cliff , also!

tokyo rana 16:59 GMT March 23, 2010
gbpjpy
Reply   
Sell GBPJPY
Entry: Target: Stop:

i sold all day gbpjpy so far 150pips,ithink more will come still shorting gbpjpy.........happy trade,

No one is thus far corroborating Bloomberg story about German/French agreement on Greece bailout. $EURUSD still roughly unchanged

best regards

PAR 16:57 GMT March 23, 2010
USDJPY
Reply   
Buy USDJPY
Entry: 90,25 Target: 91,55 Stop: 89.95

Buy USDJPY

Belgrade AS 16:51 GMT March 23, 2010
sell,sell,sell
Reply   
Sell GBPUSD
Entry: on news! Target: Stop:

23 Mar 17:45:36 Former BoE policy maker Blanchflower says Chancellor Darling 'won't be cutting' spending and U.K. losing AAA might not be 'so monumental.
----------------------------------------
these guys are nuts!!!guess the full-scale (low ccy) trade war has just started!!!!

Mtl JP 16:49 GMT March 23, 2010
secure trade

NYC JM - secure to the extent of the locked 10 pips in this particular case.

Unless market gaps...

Neuville JD 16:44 GMT March 23, 2010
secure trade
Reply   
EURUSD
Entry: Target: Stop:

eur/usd SL set to lock 10 pips at 1.35
gbp/usd SL 1.5040 locks 30

Lahore FM 16:38 GMT March 23, 2010
Market Observation

agree there Kevin..happy trades!

HK Kevin 16:37 GMT March 23, 2010
Market Observation
Reply   
While US DOW Jones records a yearly high today, commodities currencies and Gold do not follow. What does it mean?
Long USD/CHF at 1.0556 earlier, stop at 1.0519.

Belgrade AS 16:36 GMT March 23, 2010
whew

at least now we know why SNB people had to "x" their naked ladies..."bouble" games,too.
im switching to eurchf for direction....will buy eur across the board when they do it!

PAR 16:35 GMT March 23, 2010
whew

German bailout of Greece is also not Euro bullish . Greece has been offered low euro interest rates for the last ten years. What happened with all that money ?

Belgrade AS 16:33 GMT March 23, 2010
whew

it's a fiasco!

nyc ws 16:31 GMT March 23, 2010
whew

IMF role to bailout Greece is not euro bullish.

Lahore FM 16:31 GMT March 23, 2010
Trade Ideas

http://mobile.thestar.com/mobile/business/article/782572

an interesting read!

GVI Forex Jay 16:29 GMT March 23, 2010
whew

Germany, France Agree on IMF Aid for Greece, Official Says

March 23 (Bloomberg) -- Germany and France have agreed to back International Monetary Fund aid to Greece, a German Finance Ministry official told reporters in Berlin today. He spoke on condition of anonymity.

tokyo rana 16:27 GMT March 23, 2010
gbpjpy
Reply   
Sell GBPJPY
Entry: 136.090 Target: open Stop: open

ithink gbpjpy asking for more short,im more short today,happy trade,best regards

Amman wfakhoury 16:23 GMT March 23, 2010
gbpusd 150-200 pips
Reply   
Amman wfakhoury 08:55 GMT March 23, 2010
Profitmaker sys alert for 150-200 pips movement.
---------------
breaking 15015 and keep below it means 14940 will be seen.
keeping above 15020 means 15090 will be seen.
=============
we are doing very well with these trend change level.
as the price breaks 15090 will be ready to rise till the new
trend change level area 15120-30.breaking this area up and keeping above it means 15270 is coming ...keeping below 15120 means 15010 will be seen again.

Belgrade AS 16:21 GMT March 23, 2010
whew

23 Mar 17:08:50 BLOOMBERG: GERMANY AND FRANCE AGREE TO ROLE IN GREECE ACCORDING TO AIDE. $EURUsd
------------------------------------------------
americans are alowed to buy now,too!

Lahore FM 16:21 GMT March 23, 2010
Trade Ideas

Buy USDCAD
Entry: 1.0179 Target: Stop: 1.0120

added scond long with separate stop,targets around 1.05.

nyc ws 16:19 GMT March 23, 2010
whew
Reply   
What was that flurry all about? it looked like it was firmer stocks but market moved like it had air in it and nothing else. Now the air comes out as quickly as it rushed in.

London Shaun 16:17 GMT March 23, 2010
crude

No - I'm long oil this year from around 76 because I reckon it'll hit 90 before the year's end. I agree with all your arguements but they are all based on the western pre-occupation of going green. Well the Chinese and Indians, whilst paying lip-service, really don't give a censored and thier staple diet for their economic growth is oil. I have only a basic knowledge of the global warming issues and all that pertain to them but none of the arguments counter the theory that oil is in high demand today, and for the foreseeable future (which means 2010 UPTO 2025) and that oil is running out faster than we thought. Ans if global reserves are really 33% overstated then we're talking $200 rather than $100. All being well, I'll still be jobbing in a decade and still be long oil.

Neuville JD 16:08 GMT March 23, 2010
rejection
Reply   
Sell USDCAD
Entry: 1.0180 Target: 1.0140 Stop: 1.0210

short more usd/cad here. The daily chart shows 2 rejection of the upside right now and the price is now below the average of the 4 h chart

lkwd jj 16:06 GMT March 23, 2010
crude

so youre going long crude for 2025? they will develop new tec hnology not like us lazy americans and wont need to use as much crude. just remember the hybrid is relatively new but would you build a plant to have vehicles run on electricity or oil? i'd bet my money with the former...

Belgrade AS 16:06 GMT March 23, 2010
crude

"crude" days are over friend!by 2012 they'll have "world peace"(or harmony,if you wish!) in Middle east!
rockets are sent to space with 2 containers of "H" and 1 big container of "O"(H2O)...cars are already doing 250km/hr using sunlight....
your country's army(and u.s.,also) had mobile phones and internet back in the 60;s...it's so common now that it's free for everyone (to have and use) even in Afganistan...few years back i went to Egypt with friends...we left our wives at some artificial resort ,took those 4 wheel bikes and went (with armed escort!!!!) deep into the Sahara desert....500km deep into the desert the bloody phones kept ringing!!!!
...don't trust global networks too much!knowledge lies underground!

PAR 16:05 GMT March 23, 2010
Greece
Reply   
European summits to be renamed Greece summits. The world will not end with a Greece bankruptcy ?

March 23 (Bloomberg) -- European Central Bank Vice President-elect Vitor Constancio said he expects Greek bond yields to decline as investors realize the country’s efforts to reduce its budget deficit are credible.

“What is important is that Greece has adopted a very convincing program of measures, has tapped the markets after that with no problems,” Constancio said in an interview in Brussels today. “With the continuation of the implementation of that program, I also think that spreads will adjust downward in a normal way.”

London Shaun 16:02 GMT March 23, 2010
crude

Well that's a somewhat specious arguement. First of all we've not been using our natural resources at the rate we are today. Secondly - regarding alternatives, aside from most of them not being profitable, do you really think India and China will be switching to them soon (by which I mean before 2025)?

GVI Forex Blog 15:56 GMT March 23, 2010 Reply   
Price action on USD/JPY, a daily chart of which is shown, has been in a trading range consolidation for around two weeks now. This consolidation has taken the form of a symmetrical triangle or pennant

Chart of the Day - 3/23/2010 – USD/JPY

Neuville JD 15:53 GMT March 23, 2010
gbpjpy

As I said, gbp/jpy is not my specialty but if you want my view I'd say that if gbp/jpy opens the hour above 136.05/10 it's likely to print 136.71 and this would draw a nice green hammer on the daily chart that'll make 137.40 targettable.
gbp/usd : hourly open >1.5060 ---> targets 1.5135 today
eur/usd : "" "" >1.3545 1.36
usd/cad: <1.0185 1.0130
usd/chf: should go down regarding gbp;eur and cad action but I have no certainties.

May the market be with you.

lkwd jj 15:52 GMT March 23, 2010
crude

which other natural resource can you name that the world "ran out" of ? common sense to name one but thats the end of the list!!

London Shaun 15:50 GMT March 23, 2010
crude

Haha - love it. I agree with everything you said. But as you also said, they know it's running out. Supply and demand says it must become more expensive.

Belgrade AS 15:40 GMT March 23, 2010
crude

nice logic.now,include another variable into analysis...
all global technology is running away from crude-driven....they KNOW there isn't much left...
unpoluted water springs are bought @20mil per litre...per second...so if u manage to get one that gives 4-5 litars per sec,you are in for 80-100 mil of profit
trivia question:what are the only 2 countries in europe with surplus of drinkable water?
answer:the systematicaly wfaked up ones!(Ireland and Serbia)
who's gonna kiss his kid good bye and go to the woods with his sniper again...and again....and again?....me!
that's how it works!

GVI Forex Blog 15:36 GMT March 23, 2010 Reply   
The greenback failed to move beyond established ranges against the euro on more uncertainty over just what may or not emerge from the EU Summit on Thursday.

Forex Blog - US Market Update (Trade the News)

London Shaun 15:20 GMT March 23, 2010
crude

I posted a link re an article in the Daily Torygraph today. Global oil reserves are over estimated by 33%. I'm not long on the basis of that article more on the simple fact that long term it will much higher.

GVI Forex Blog 15:19 GMT March 23, 2010 Reply   
Mar 23 (global-view.com) UPCOMING DATA HIGHLIGHTS: On Wednesday, no major data are due from the Far East. In Europe, Eurozone flash PMI data are due. The German IFO data are always closely followed.

GVI Forex- Data Outlook for March 24, 2010

London Shaun 15:18 GMT March 23, 2010
GBP/USD

Many thanks Zeus. Was in two minds and you swayed me. Still long for the 'free ride'.

London Shaun 15:16 GMT March 23, 2010
crude

I hope you're right - would just be a chance to buy more. I had to clear some at 81.90 as was too long but I think it will see much higher before the day's end.

Belgrade AS 15:16 GMT March 23, 2010
crude

even with most optimistic view on global economic recovery crude has no place in 80,xx.it is and WILL BE directionless untill it first checks in @76,xx...then we;ll talk "crude".

GVI Forex john 15:16 GMT March 23, 2010
GVI Forex Trading Support

Mar 23 (global-view.com) UPCOMING DATA HIGHLIGHTS: On Wednesday, no major data are due from the Far East. In Europe, Eurozone flash PMI data are due. The German IFO data are always closely followed. Eurozone industrial orders are expected as well. In North America, Weekly Mortgage statistics are due early. Advance Durable Goods orders are due. Later new Homes Sales will be released. Weekly crude figures are due. Later the U.S. Treasury will hold a 5-yr bond auction.

 

 

WEDNESDAY

 

 

8:58

EZ

Mar Mfg PMI flash

54

54.1

8:58

EZ

Mar Svc PMI flash

52

52

9:00

DE

Mar IFO Climate

95.8

95.2

9:00

DE

Mar IFO Cond

90.9

89.8

9:00

DE

Mar IFO Expect

100.5

100.9

10:00

EZ

Jan New I/O mm

1.90%

0.80%

10:00

EZ

Jan New Ind Ord yy

14.20%

9.50%

10:00

US

WK Mortgage Stats

n/a

n/a

12:30

US

Feb Dur Goods

0.70%

3.00%

14:00

US

Feb New Homes k

315

309

14:30

US

EIA Crude mn

1.3

1

14:30

US

EIA Gasoline mn

-1.6

-1.7

14:30

US

EIA Distillate mn

1.6

-1.5

14:30

US

EIA Cap Util

80.50%

80.60%

17:00

US

TRY 5-yr

n/a

n/a

tokyo rana 15:14 GMT March 23, 2010
tokyo rana 15:07 GMT March 23, 2010

Johannesburg HvW,what do you mean?ihave no share in gv,haha

Belgrade AS 15:11 GMT March 23, 2010
i just realised the "black swan" is your "blogman"!
these guys are so smart it hurts!
of course com.dols will catch up....1000 pips(at least) in 2-3 weeks max....why do you think i'm bleeding with my nzdusd shorts since forever?

Johannesburg HvW 15:11 GMT March 23, 2010
tokyo rana 15:07 GMT March 23, 2010
Reply   
Rana, do you by any chance have shares in G-V?

tokyo rana 15:07 GMT March 23, 2010
gbpjpy

Buy GBPJPY
Entry: Target: Stop:

Neuville JD,what do you feel now about gbpjpy?short or long?to me Neutral,but down side more presure,your view?iwill close my short position with profit im sure,happy trade,best regards

lkwd jj 15:05 GMT March 23, 2010
crude
Reply   
didnt hold gains today back to negative. might try to revisit lows of monday..

Amman wfakhoury 14:49 GMT March 23, 2010
20 spicy pips
Reply   
take them fast around 15065

GVI Forex Blog 14:42 GMT March 23, 2010 Reply   
What I ask today is: will the euro’s weakness, if it plays out according to plan, incite a run against the commodity dollars that have outperformed the euro and European currency by a long-shot...

Will ComDols Play Catch-Up?

Belgrade AS 14:36 GMT March 23, 2010
EURCHF

the "scoop" is they are "active"...boss came in and said "quit naked ladies and picking noses!"...plans and outcomes - unknown!

tokyo rana 14:36 GMT March 23, 2010
gbpjpy
Reply   
Sell GBPJPY
Entry: 136.160 Target: open Stop: open

short more gbpjpy.any view welcome,happy trade,best regards

Zurich EG 14:31 GMT March 23, 2010
EURCHF

SNB at 1.43?

USA ZEUS 14:31 GMT March 23, 2010
GBP/USD

Perhaps a good idea to leave some on the table @ b/e for a free shot at big gains. Never know for sure in advance but there could be a larger move in alignment. DYOD

Adios amigos.

Belgrade AS 14:27 GMT March 23, 2010
EURCHF
Reply   
INSIDE SCOOP:SNB people are "active"!
guess it's time for fireworks!

USA ZEUS 14:24 GMT March 23, 2010
GBP/USD

Perhaps 1.5068 might be a good place for some who are on manual profit locking.

NYC ET 14:22 GMT March 23, 2010
equities
Reply   
A bit of a deja vu with equities moving higher and fx correlating but inside days for fx.

tokyo rana 14:14 GMT March 23, 2010
gbpjpy

Neuville JD seems ihave wrong position,but ihope iwill come out from that,thank you very much,ihope ican close my position with some profit this position and maybe go for long later.best regards

GVI Forex john 14:13 GMT March 23, 2010
GVI Forex Trading Support

Belgian Leading Indicator better than expected -3.7. Better omen for German IFO Survey tomorrow...

Neuville JD 14:11 GMT March 23, 2010
gbpjpy

gbp/jpy is not my specialty but I can tell you that if gbp:usd goes up, so will gbp/jpy. It's not always the case but it is today. Anyway right now, the correlation is blattant.
GT/GL

GVI Forex john 14:10 GMT March 23, 2010
GVI Forex Trading Support



Existing Homes Sales better than expected

GVI Forex Blog 14:06 GMT March 23, 2010 Reply   

Stocks could feel Pressure if Investors Look for Safety

GVI Forex Blog 14:05 GMT March 23, 2010 Reply   

U.S. Dollar Rises against Major Currencies

tokyo rana 14:05 GMT March 23, 2010
gbpjpy
Reply   
Sell GBPJPY
Entry: 135.977 Target: 135 or more Stop: open

short more gbpjpy,happy trade best regards

tokyo rana 14:03 GMT March 23, 2010
GBP/USD

my dear zeus. yeah my guru was saying go down...i follow my guru,its always wonderful to make profit money...and always very bad when lose even not good mental..happy trade,good luck

USA ZEUS 14:00 GMT March 23, 2010
GBP/USD

rana dear- I never know what will happen in advance. It is only a matter of probabilities and chance.

trailing profit maximizer enabled.

Cheers and GLGT! :-)

Mtl JP 13:59 GMT March 23, 2010
GVI Forex Trading Support

existing house sales will probably need to be off concesus by more than ±300K count on either side to make a worth while attempt at trying to juice a few reaction pips out of it

tokyo rana 13:57 GMT March 23, 2010
GBP/USD

USA ZEUS you was right,happy trade,

USA ZEUS 13:54 GMT March 23, 2010
GBP/USD

I don't have any "guru's" to guide me but when GBP/USD goes above 1.5027 in a moment then I will enact profit maximizer trailing robot to lock in gains.

Cheers!

GVI Forex john 13:51 GMT March 23, 2010
GVI Forex Trading Support

U.S. existing Homes Sales at top of the hour. Top U.S. Housing statistic.

Belgrade AS 13:48 GMT March 23, 2010
GBP:USD

hahaha.how do i know? wait for tomorow(U.K.'s 2011 budget report).hopefully we'll know after that.

Neuville JD 13:48 GMT March 23, 2010
secure trade
Reply   
(rise the stop meant from 1.3450 to 1.3465, decrease if you prefer...)

Neuville JD 13:46 GMT March 23, 2010
securing trade
Reply   
EURUSD
Entry: Target: Stop:

I raised the stop on eur/usd at 1.3465 and locked profit on usd/cad at 1.0210. usd/cad is holding its average on 4 h chart and has rebounded in oversold area of small timeframes, therefore could blow up in my face.

tokyo rana 13:43 GMT March 23, 2010
GBP:USD

AS up or down?best regards

Belgrade AS 13:42 GMT March 23, 2010
GBP:USD

yes.200 pips...sorry

tokyo rana 13:40 GMT March 23, 2010
GBP:USD

AS what do you mean by that it will go much more then 200 after that!you mean 200pips?best regards

Belgrade AS 13:38 GMT March 23, 2010
GBP:USD

gbp sharks disregarded all data today...house prices up 8th month in a raw+weaker CPI(which is very odd for sharks to diregard this one!!!)
it's pretty much obvious we'll have to wait for 2011 budget report tomorow to complete the whole picture.it will go much more then 200 after that!

tokyo rana 13:25 GMT March 23, 2010
GBP:USD

Neuville JD and short term markeet not decide anything yet it can go either way up or down 200pips imean short term Neutral...no confirmation yet seen...general bias downside.best regards

Neuville JD 13:25 GMT March 23, 2010
GBP:USD

go down where? because I know it can go down, well I supposed it can that's why I put a stop loss at 1.4965, the real question is will it finish the day green or red. What's your take on that? thank you please.

tokyo rana 13:19 GMT March 23, 2010
GBP:USD

Neuville JD chart base this hour shud go down...best regards

Neuville JD 13:17 GMT March 23, 2010
GBP:USD

Can I know on what is based your view?

tokyo rana 13:14 GMT March 23, 2010
GBP:USD

Sell GBPUSD
Entry: Target: Stop:

Neuville JD ithink gbpusd 1st go doown bfore 1.52...this is my view....best regards

Wall Street 13:05 GMT March 23, 2010
EURUSD

Neutrality is a very short-term calculation we use for day-trading. It changes all day. We don't like to be positioned at neutrality 50-50 shot). We use the volatility ranges for entering positions and get out near neutrality. System does not perform well in strong trend markets, but they are relatively rare.

jkt-aye 12:58 GMT March 23, 2010
EURUSD

what is the time frame for this ? is neutrality=pivot or average ? tia

Neuville JD 12:57 GMT March 23, 2010
GBP:USD
Reply   
Buy GBPUSD
Entry: 1.5009 Target: 1.52 Stop: 1.4965

Above 1.4970 seems relatively safe to reach 1.52. The weeky candle doesn't look that good right now but the other pairs vs dollar are more encouraging.

GVI Forex john 12:54 GMT March 23, 2010
GVI Forex Trading Support

EURO FX Futures Contract

June Total Open Interest grew to 186,438 contracts +10,553 on Monday. We are fast moving back to near record levels again. I believe the record was just above 200K contracts. We assume the markets added to EURUSD shorts yesterday.

Any thoughts??

Wall Street 12:44 GMT March 23, 2010
EURUSD
Reply   
Having some trouble getting a grip on this market. I think you have to keep your expectations low.

Neutrality now: 1.3509
Volatility Range: +/- 35 pips

GVI Forex Blog 12:32 GMT March 23, 2010 Reply   
Dollar-Swiss tested the Resistance near 1.0631-51 and dipped below...

FX Thoughts for the day : 22-Mar-2010 - 1230 GMT

GVI Forex john 12:30 GMT March 23, 2010
GVI Forex Trading Support

Data @ 14:00 GMT

Existing Homes Sales

The most closely followed housing statistic by the markets is Existing Homes sales compiled by the NAR (National Association of Realtors). Existing-Home Sales data come out On or about the 25th of each month. The report contains statistics on sales and prices of existing single-family homes for the nation and the four regions. These figures include condos and co-ops, in addition to single-family homes.

A chart of the data is posted following the data release.


Belgian Leading Indicators

Often a reliable predictor of the important monthly German IFO Survey. It is not always released before IFO each month.

Belgrade AS 12:27 GMT March 23, 2010
EUR/USD



re:There is little worth noting on charts within 1.3464-1.3568
-------------------------------------------------------
last year's major move 61,8%Fibbo(golden level) is at 1,3480.
intrestingly enough,same move's 50%Fibbo has been resistance so far.

tokyo rana 12:25 GMT March 23, 2010
GBP/USD

i can only say my dear good luck.happy trade,my guru saying go down.best regards,

USA ZEUS 12:24 GMT March 23, 2010
GBP/USD

rana- Hopefully down just enough to allocate into a nice swing trade.

Best

tokyo rana 12:20 GMT March 23, 2010
GBP/USD

USA ZEUS ithink gbpusd go down...ithink still long no good...bias is downside....best regards

USA ZEUS 12:19 GMT March 23, 2010
GBP/USD
Reply   
Buy GBP/USD @ 1.5003
Add on any dips for a nice swing trade.

GVI Forex Blog 12:18 GMT March 23, 2010 Reply   
European traders anticipate the publication of the German Information and Foschung (Ifo) Business Climate Index.

Forexpros Daily Analysis - 23/03/2010

London Shaun 12:16 GMT March 23, 2010
Aud Cad and DLRCAD
Reply   
AUDCAD
Entry: 0.9345 Target: 90 Stop: 0.94

Charts showing classic lower lows and lower highs. Also short $ Cad @ 1.0220 to try and make up some of my earlier loss when I got caught on the false breakout last week. But parity will be tested MT if not ST. Bght some cheap oil at 80.90 and went long again on Gold 1095.

GVI Forex john 11:51 GMT March 23, 2010
GVI Forex Trading Support



Earlier- Easier than expected.... UK CPI and RPIX

perth ss 11:48 GMT March 23, 2010
jpy FEB
Reply   
thanx for that jay
appreciate the clarification

London Shaun 11:40 GMT March 23, 2010
Gold

Gold
Entry: Target: Stop:

Cut at 1097 with $5.5 loss. Ho hum.

GVI Forex Blog 11:29 GMT March 23, 2010 Reply   
The euro fell against the dollar on Tuesday as uncertainty over possible support for Greece continued in the run-up to a summit later this week.

FOREX NEWS-Euro falls vs dollar as Greece worries persist

tokyo rana 11:29 GMT March 23, 2010
usdjpy
Reply   
Sell USDJPY
Entry: 90.400 Target: 88 Stop: open

short usdjpy...any view?best regards

nyc EB 11:27 GMT March 23, 2010
confessions of a euro bear
Reply   
I couldn't bring myself to buy euro yesterday so I fought the whole move up. I did alot of trades and had little show for it as I came out close to even. Today all of my shorts would be in the black and I am sitting here with no position. I assume there are gbp bears who feel the same way.

PAR 11:15 GMT March 23, 2010
Greece - Van Rompuy - Second European Top devoted to little Greece
Reply   
EU’s Van Rompuy Said to Seek Pre-Summit Greece Accord (Update1)

Strange , I taught it was solved at the previous European summit ?


By James G. Neuger

March 23 (Bloomberg) -- European Union President Herman Van Rompuy is seeking to strike an agreement on an aid mechanism for Greece before the start of a meeting of all 27 EU leaders this week, a European diplomat said.

Van Rompuy wants to bridge differences over a possible aid package before the officials gather at 5 p.m. March 25 for the two-day meeting in Brussels, said the EU diplomat, who declined to be named because the consultations aren’t public.

The impasse over how to help Greece overcome Europe’s biggest budget deficit deepened today as Greek Finance Minister George Papaconstantinou pushed back against suggestions that the International Monetary Fund provide loans and German Economy Minister Rainer Bruederle repeated his reluctance to put his taxpayers’ funds at risk.

GVI Forex Jay 11:04 GMT March 23, 2010
jpy fed trade

ss - it reads Feb (February) trade, not Fed Trade - hope that clarifies it

GVI Forex john 11:04 GMT March 23, 2010
jpy fed announcement

Re the consensus figure we have posted, I am seeing newer estimates even twice the figure we on the site.

GVI Forex john 11:03 GMT March 23, 2010
jpy fed announcement

ss- Japanese trade figures have been less of a market factor for a good while now. At one point the markets reacted strongly to the data.

Gen dk 11:01 GMT March 23, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

perth ss 11:00 GMT March 23, 2010
jpy fed trade
Reply   
jay
it's on the announcement schedule for tonight on this site....maybe I read it wrong??

GVI Forex Jay 10:52 GMT March 23, 2010
jpy fed announcement

What Japanese-Fed trade announcement? Can you elaborate on what you heard on this.

perth ss 10:38 GMT March 23, 2010
jpy fed announcement
Reply   
could some one fill me in on the significance of japanese fed trade announcement later as the predicted figure is raatherr large
ta

GVI Forex Jay 10:38 GMT March 23, 2010
EUR/USD
Reply   


As posted on GVI Forex

As can be seen on the 1 hour chart (and as I noted a few times yesterday), EUR/USD hit a wall at 1.3568, an odd level to see resistance but one that capped the upside. On the downside, 1.35 remains the key on a closing basis (yet to close below it) and the intra-day low. Supports come in at 1.3464 (yesterday's low), 1.3435 (key March 2 low) and 1.3422 (key May18, 2009 low). There is little worth noting on charts within 1.3464-1.3568 other than resistance at 1.3535-40,

London Shaun 10:36 GMT March 23, 2010
Gold
Reply   
Buy Gold
Entry: 1100.8 Target: 1112.5 Stop: 1097

Good risk hedge entry level for a medium term build to test 1140. Buying here gives good jobbing ops on the way up. If it goes up that is.

GVI Forex Blog 10:31 GMT March 23, 2010 Reply   
Currencies: The USD maintained a steady, positive tone against the European pairs in the session aided by earlier comments from ECB's Trichet who spoke against offering the low-interest loans for which the Greek government has pressed.

European Market Update: UK inflation data surprisingly resilient

tokyo rana 10:24 GMT March 23, 2010
gbpjpy
Reply   
Sell GBPJPY
Entry: 135.657 Target: 135 Stop: open

short more [email protected] avg 135.757...any view.best regards

London Misha 10:19 GMT March 23, 2010
Observations
Reply   
EURUSD - Possible Bull Hammer on the Daily Chart.
USDJPY - Key Reversal Down on the Daily Chart.
GBPUSD - Possible Bull Hammer on the Daily Chart.
EURGBP - Possible Bearish Dark Cloud Cover on the Daily Chart.
EURJPY - Possible Bull Hammer on the Daily Chart.
USDCAD - Possible Shooting Star on the Daily Chart.
AUDUSD - Possible Bull Hammer on the Daily Chart.
NZDUSD - Dragonfly Doji on the Daily Chart. Market bounces up from the Long MA!

GVI Forex Blog 10:16 GMT March 23, 2010 Reply   
10:00 GMT- Mar 23 (global-view.com) A key focus of trade today continues to be on the EURUSD pair and on whether it can be stabilized below another big figure (1.35). The psychology of this relationship

Daily GVI Forex Forex View- EURUSD Looks for Big Figure

GVI Forex john 10:13 GMT March 23, 2010
GVI Forex Trading Support


The Daily Forex View

EURUSD Looks for Big Figure

10:00 GMT- Mar 23 (global-view.com) A key focus of trade today continues to be on the EURUSD pair and on whether it can be stabilized below another big figure (1.35). The psychology of this relationship

MORE...

tokyo rana 09:49 GMT March 23, 2010
gbp/jpy

perth ss ithink gbpjpy heading to 134 area...but ithink it will up again...maybe im wrong....but im short gbpjpy...best regards

perth ss 09:40 GMT March 23, 2010
gbp/jpy
Reply   
bought gbp/jpy yesterday @ 1.3502 and will hold for 1.3682 which is 7day ma...not all that confident if it reaches this level that it will break thru but I do not presume to geuss the market
glgt

tokyo rana 09:39 GMT March 23, 2010
longs closed
Reply   
Buy GBPUSD
Entry: Target: Stop:

longs closed with out any lost...today very good day for trade,so far 120pips profit,best regards,

tokyo rana 09:35 GMT March 23, 2010
gbpjpy long closed
Reply   
Sell GBPJPY
Entry: 135.857 Target: 135.000 Stop: open

gbpjpy long closed @135.860 with 46pips profit,now short again 135.857.....any view comment welcome.best regards,

bucharest vicx 09:34 GMT March 23, 2010
gbpusd 150-200 pips: Reply

wtf just happen gpb suddenly goes down with 20 points!?!?!!?!?

GVI Forex john 09:34 GMT March 23, 2010
GVI Forex Trading Support

U.K. inflation less than expected.

Geneva ej 09:12 GMT March 23, 2010
EURCHF
Reply   
Buy EURCHF
Entry: 1.4325 Target: 1.4400 Stop: 1.4280

SNB turning up the heat.

Amman wfakhoury 08:55 GMT March 23, 2010
gbpusd 150-200 pips: Reply
Reply   
Amman wfakhoury 04:56 GMT March 23, 2010

Profitmaker sys alert for 150-200 pips movement.
Trend change area 15115-15105 .
breaking 15115 and keeping above it means uptrend.
breaking 15105 and keeping below it means downtrend.
---------------
breaking 15015 and keep below it means 14940 will be seen.
keeping above 15020 means 15090 will be seen.
mostly 14940 will be seen.

tokyo rana 08:28 GMT March 23, 2010
gbpjpy
Reply   
Buy GBPJPY
Entry: 135.350 Target: 137 to 139.5 Stop: open

long gbpjpy price came to my target so im long again...any view comment welcome.best regards,

Juffair KaL 08:23 GMT March 23, 2010
a short session

long gbpaud

tokyo rana 08:19 GMT March 23, 2010
gbpusd and gbpjpy
Reply   
Buy GBPUSD
Entry: 1.50200 Target: 1.5300 Stop: open

long gbpusd came to my target buying price1.5400 and 1.50200 and 1.50150 ...gbpjpy short 136.2 closed @ 135.495 with 70pips profit...now go for long gbpjppy if come to 135.400 target 137 to 139.5.....any view welcome,happy trade,best regards,

Juffair KaL 08:03 GMT March 23, 2010
a short session

usdchf Long here and w/ drops
+ would long usdcad at 1.0190 area
they are buying the USD Folks

London Shaun 08:03 GMT March 23, 2010
CRUDE oil reserves overstated by 1/3
Reply   
interesting article in today's Daily Telegraph.
http://www.telegraph.co.uk/finance/newsbysector/energy/
oilandgas/7500669/Oil-reserves-exaggerated-by-one-third.html

Syd 07:53 GMT March 23, 2010
SNB Hildebrand: To Act Against Excessive Franc Gains Vs Euro
Reply   
The Swiss central bank won't allow an excessive appreciation of the franc versus the euro to cause deflation, Swiss National Bank President Philipp Hildebrand said Tuesday.

"The danger of deflation in Switzerland can't be entirely excluded by an external shock, such as an excessive appreciation of the franc," Hildebrand said in a speech written for delivery to students at the University of St. Gallen.

"The SNB won't permit that such an appreciation allows deflation risks to materialize," he said. "Therefore, we will act decisively against any excessive appreciation of the franc."

The franc has gained steadily in recent days, prompting speculation the SNB is scaling back attempts to prevent further gains. EUR/CHF was last at 1.4359.

Hildebrand noted that the world economic recovery was continuing, though it still remained fragile. http://www.snb.ch

Juffair KaL 07:44 GMT March 23, 2010
a short session
Reply   
sold these
EUR/USD
GBP/USD
EUR/JPY
GBP/CHF
EUR/CAD
AUD/NZD

for 3-6 hrs

Neuville JD 07:33 GMT March 23, 2010
usd/cad
Reply   
Sell USDCAD
Entry: 1.0225 Target: 1.0150 Stop: 1.0255

yesterday's action shows an aversion suggestion to short highs.
Out of short eur/usd at 1.3510, still waiting for 1.3490/95

Hong Kong 06:42 GMT March 23, 2010
GBP/USD Daily Market Outlook by AceTrader
Reply   
INTRA-DAY GBP/USD: 1.5082


Last Update At 23 Mar 2010 04:39 GMT


Cable has finally eased after extending y'day's
rally fm 1.4929 to 1.5112, as this strg rebound con
firms fall fm last week's high of 1.5382 has made a
temp. low, consolidation with mild upside bias is
seen for recovery to 1.5125/30 but 1.5164 wud hold.


For st trade, buy for 1.5110 n if price rises to
1.5135, sell for subsequent pullback to 1.5085.


Range Forecast
1.5065 / 1.5100

Resistance/Support
R: 1.5112/1.5128/1.5164
S: 1.5042/1.5013/1.4973

http://www.acetraderfx.com

Neuville JD 06:37 GMT March 23, 2010
eur/usd
Reply   
Buy EURUSD
Entry: 1.3490 Target: 1.3590 Stop: 1.3450

I'll buy at 1.3490.By the time it reaches it, usd/chf should be around 1.0645 and good to sell.
GT/GL

tokyo rana 06:03 GMT March 23, 2010
gbpjpy
Reply   
Buy GBPJPY
Entry: 135.500 Target: 137to 139.5 Stop: open

i changed my mind again long today gbpusd and gbpjpy gbpusd 1.5040 and gbpjpy 135.500.......................any view comment welcome,happy trade,best regards

Syd 05:33 GMT March 23, 2010
House price rises pose dilemma for RBA: report
Reply   
Australia’s affordable housing crisis may worsen if efforts by the Reserve Bank to choke off rising prices prompt home builders to shelve plans for new construction, an economic research group said today. Economics forecaster BIS Shrapnel said today rising house prices may spur the RBA to lift interest rates further to prevent an inflation break-out, a move that would deter investment in new residential. The BIS report tipped the economy to grow 2.8 per cent this year doubling, 2009’s 1.3 per cent pace. On the interest rates front, markets currently place a 44 per cent chance of a 25 basis point rate hike in April, and predict interest rates will be at 5.25 per cent within a year, according to Credit Suisse.

Jeddah Al Habib 05:02 GMT March 23, 2010
gbpusd 150-200 pips

Fak Head...Your Profitmaker must be very tired by now after getting serviced by all those Arabs and their camels in the main square in Amman...time to give your profitmaker a rest...so stop posting until the year 2090.....

Amman wfakhoury 04:56 GMT March 23, 2010
gbpusd 150-200 pips
Reply   
Profitmaker sys alert for 150-200 pips movement.
Trend change area 15115-15105 .
breaking 15115 and keeping above it means uptrend.
breaking 15105 and keeping below it means downtrend.

Syd 04:50 GMT March 23, 2010
Fed Officials' Remarks May Weigh On USD -Dealer
Reply   
Risk to USD from Fed officials' speeches this week is "on balance, to the downside," as still high unemployment means Fed "may not be in the position for any quicker exit from its loose monetary policies," says Hideki Amikura, senior FX dealer at Nomura Trust and Banking. Before San Francisco Fed President Yellen speaks later in global day, says "the risk is that you'd have dovish members like Yellen making statements that could weigh on the dollar." But adds, while that could buoy EUR/USD, lingering concern that Greece's fiscal woes won't be resolved at meeting of European leaders later in week may cap pair at 1.3600 vs last 1.355

GVI Forex Blog 03:38 GMT March 23, 2010 Reply   

Morning Briefing : 23-Mar-2010 - 0336 GMT

Syd 03:07 GMT March 23, 2010
DLR
Reply   
DJ Evans: US Undergoing A "Jobless Recovery"
Evans: Wouldn't Be Surprised If Accommodative Policy Required Into 2011

Syd 02:31 GMT March 23, 2010
Fed's Evans: US Inflation Pressure "Extremely Well Contained" Evans: To Maintain Accomodative Mon
Reply   
Chicago Fed's Evans: Expect US Econ To Grow 3.0%-3.5% In 2010
Fed's Evans: Expected US Recovery "Very Modest" Given Deep Recession
Fed's Evans: "Unacceptably High" Unemployment Biggest Challenge For US Econ
Fed's Evans: US Inflation Pressure "Extremely Well Contained"
Evans: To Maintain Accomodative Monetary Policy For "Extended Period"
Evans: US Exit From Stimulus Policy "Dictated By Developments In US"
WASHINGTON (AFP) -- Israeli Prime Minister Benjamin Netanyahu told a pro-Israel lobby on Monday that "Jerusalem is not a settlement," but is Israel's capital, as he showed no sign of narrowing the gap with Washington.
"The Jewish people were building Jerusalem 3,000 year ago and the Jewish people are building Jerusalem today. Jerusalem is not a settlement. It is our capital," Netanyahu told the pro-Israel lobby Aipac in prepared remarks.
He also said Israel expects swift and decisive action against the Iranian nuclear threat, but reserves the right to defend itself.

Rio Tinto (RIO.AU) Iron Ore CEO Sam Walsh says miner will respect outcome of trial of four of its executives in Shanghai on charges of bribery and stealing commercial secrets. "We will respect the outcome of the Chinese legal system," Walsh tells Dow Jones.

DJ Minutes from BOJ's Feb 17-18 policy board meeting show some board members already worried about worse-than-expected deflation in February; such thinking may have led to BOJ easing policy a month later at Mar 16-17 meeting by expanding 0.1% interest rate lending facility to Y20 trillion from Y10 trillion; minutes say that some board members think that while economic growth may be stronger than BOJ predicted in January semiannual forecast, CPI likely to be weaker than forecast, suggesting that deflation is worse than expected; but while those comments give background on how BOJ ended up easing policy this month, they don't provide many clues on whether central bank may loosen policy even further. Also interesting are comments by some members that effects of BOJ's easing stance is strengthening due to better corporate profits, lower real interest rates--that could mean they feel current easing policy should be maintained, without necessarily need to loosen further, because it's even more effective now in supporting economy.

Syd 02:02 GMT March 23, 2010
Yen strength deceptive as traders turn bearish
Reply   
Japanese investors are sending funds overseas at the fastest pace since 2007 in search of higher yields as currency strategists predict the yen will slump 8 per cent versus the dollar by the end of the year.

Households are buying Chinese stocks and record amounts of Brazilian bonds as they reinvest the biggest sum of maturing Japan Post Bank Co. deposits in nine years. That will help push the yen down to 98 per US dollar by Dec. 31 after it gained this year against all but eight of 155 currencies tracked by Bloomberg, the median of 39 strategists' forecasts shows.Kokusai Asset Management, which runs Asia's biggest bond fund, plans to market 450 billion yen in mutual funds targeting debt in Australia, Brazil, China, Indonesia and the US on April 16. That's almost 5 percent of total net assets held by Japanese bond-investment trusts.

http://www.smh.com.au/business/markets/yen-strength-deceptive-as-traders-turn-bearish-20100323-qrl0.html

ABHA FXS 01:54 GMT March 23, 2010
SELL LIMIT @
Reply   
Sell GBPCHF
Entry: Target: Stop:

16099
16056

TP

15806
15763

ABHA FXS 01:47 GMT March 23, 2010
SELL LIMIT @
Reply   
Sell AUDUSD
Entry: Target: Stop:

9260
9233

TP

9056
9029

ABHA FXS 01:22 GMT March 23, 2010
SELL LIMIT @
Reply   
Sell EURUSD
Entry: Target: Stop:

1.3655
1.3621

TP
1.3429
1.3395

ABHA FXS 01:20 GMT March 23, 2010
SELL LIMIT @
Reply   
Sell EURJPY
Entry: Target: Stop:

123.58
123.38


TP
120.85
120.66

ABHA FXS 01:13 GMT March 23, 2010
BUY LIMIT @
Reply   
Buy USDJPY
Entry: Target: Stop:

89.61
89.40


TP

91.23
91.44

ABHA FXS 01:06 GMT March 23, 2010
SELL LIMIT
Reply   
Sell GBPUSD
Entry: Target: Stop:

15253
15194

TP

14872
14813

HAPPY TRADE..

Syd 01:06 GMT March 23, 2010
WRAPUP 1-Fed's Lockhart-Don't lift rate pledge too soon
Reply   
NAPLES, Fla., March 22 (Reuters) - The U.S. Federal Reserve should not remove its pledge to keep interest rates ultra-low for an extended period until it is starting to move toward tighter monetary policy, a senior Fed official said on Monday.

Dennis Lockhart, president of the Federal Reserve Bank of Atlanta, offered a lukewarm assessment of the U.S. economic recovery, which he deemed "fragile and tentative," as he commented on the Fed's commitment to low interest rates.

http://www.reuters.com/article/idUSN2221325220100322?type=usDollarRpt

DJ AUD/USD Supported By Iron Ore Price Gains - NAB
AUD/USD being supported by spot iron ore price rising to a fresh high for the year, says John Kyriakopoulos, head of FX strategy at NAB. Adds iron ore price is best litmus test on China growth story. Says AUD lift has also come from comments by a major U.S. fund manager suggesting overnight investors should buy Asia-Pacific bonds rather than European or U.S. debt because of faster growth in the region and less risk of fiscal cutbacks damping economic recovery.

LA BV 00:58 GMT March 23, 2010
eurusd
Reply   
EURUSD
Entry: Target: Stop:

I am closing out my eurusd short 1.3549 at 1.3547 for a whopping 2 pips.

USA ZEUS 00:58 GMT March 23, 2010
Commodities

Possession is 9/10 of the law. ETF's are a nice idea but you don't own it if you don't hold it.

GVI Forex Blog 00:50 GMT March 23, 2010 Reply   

Stocks Finish Higher boosted by Health Care Reform

USA ZEUS 00:50 GMT March 23, 2010
Tuesday Trading
Reply   
Taxes are going up in the US to make sure no freeloader gets left behind. Time to make some serious jack.

GVI Forex Blog 00:49 GMT March 23, 2010 Reply   

Turnaround in Equity Markets Pressure U.S. Dollar

ABHA FXS 00:46 GMT March 23, 2010
SELL LIMIT
Reply   
Sell GBPJPY
Entry: Target: Stop:

137.29
137.00

TP

135.35
134.29
134.00

HAPPY TRADE...

Mtl JP 00:33 GMT March 23, 2010
China Urges Foreign Nations Not To Start Currency Wars-TV

China yuan relative pegg to usd sagga continues to gain attention. Hopefully it will heat up:

Paul Krugman, the Nobel prize winner who threatens the world telegraph

Paul Krugman, an American economist, wants to start a trade war with China. It would be worse than the 1930s, says Jeremy Warner.

Hong Kong 00:28 GMT March 23, 2010
Daily Market Outlook by AceTrader
Reply   
Market Review - 22/03/2010 22:50GMT

Euro rebounds on short-covering before EU summit


Euro rebounded from a 3-week low against the dollar on Monday as renewed risk appetite lifted up the single currency, high-yielding currencies and U.S. equities. Without major economic report on Monday, the greenback declined against most major currencies.

The single currency fell against the greenback Monday in Asian trade as sentiment remained bearish because Europe was still struggling to find answers for Greece's credit crisis but talks of option protection at 1.3500 has dissuaded any serious attempt to take the pair lower and euro held above the 1.3500 level during European morning. However, the pair plunged below said level to an three-week low of 1.3463 at NY opening after Greek Deputy Prime Minister Theodoros Pangalos commented that weak euro is beneficial to Germany as it may boost the country's exports and Germany allows its banks to speculate against Greece. However, profit-taking bids emerged from there and pair rebounded strongly above 1.3550 level to 1.3569 in NY afternoon on broad-based dollar weakness.

The greenback has traded very narrowly versus the Japanese yen in Asia inside a range of 90.40 - 90.53 as Tokyo market was closed on a national holiday. The pair managed to rise to a day high at 90.78 briefly at European opening but then consolidated in a range of 90.40 - 90.62 before falling sharply to an intra-day low at 89.83 at NY opening on active cross-buying in yen but bids immediately emerged there and price rebounded strongly to around 90.18 before stabilizing.

The Swiss franc strengthened to the highest level against the single currency since 1999 as traders continued to speculate the SNB relaxing a year-old policy of selling the currency to curb its strength. The pair fell below Friday's low of 1.4318 to a low of 1.4308 in NY morning before rebound.

Economic data to be released on Tuesday include: Japan BOJ releases minutes, U.K. CPI, RPI, Canada leading indicators, U.S. existing home sales and housing price.
http://www.acetraderfx.com

tokyo rana 00:23 GMT March 23, 2010
gbpjpy
Reply   
Sell GBPJPY
Entry: 136.200 Target: 134 Stop: open

short avg 136.200 target 134 stop open...
sold @ 135.911 136.303 and 136.503 avg 136.207.....any view?best regards,

USA ZEUS 00:19 GMT March 23, 2010
Commodities
Reply   
Something tells me that we'll soon see a massive explosion in commodity prices. Buy on deeps.

tokyo rana 00:03 GMT March 23, 2010
gbpjpy
Reply   
Sell GBPJPY
Entry: 136.500 Target: 134 Stop: open

sell more gbpjpy....any view?best regards

 




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