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Forex Forum Archive for 05/04/2010

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tokyo ginko 23:51 GMT May 4, 2010
Market Mood

going for the 95, some option defending, but can't beat the trend.

GT all

USA ZEUS 23:49 GMT May 4, 2010
Market Mood

Gold is becoming the safe haven.
Silver will outperform.

USA ZEUS 23:47 GMT May 4, 2010
Market Mood

Risk can only roll up so far before the belly of the beast blows and TSHTF!

Syd 23:47 GMT May 4, 2010
General Election 2010: unionist deal could make David Cameron prime minister
Reply   
David Cameron could be installed as prime minister, even if he fails to win the general election outright, under a deal with unionist parties, The Daily Telegraph can disclose
http://www.telegraph.co.uk/news/election-2010/7679278/General-Election-2010-unionist-deal-could-make-David-Cameron-prime-minister.html

tokyo ginko 23:45 GMT May 4, 2010
Market Mood

President Ahmadinejad won't be too happy

USA ZEUS 23:45 GMT May 4, 2010
Market Mood

ginko- This reminds me of "The sub prime issues are well contained"

tokyo ginko 23:42 GMT May 4, 2010
Market Mood

equivalent, to , when people see dark clouds, "oh my god, it is going to rain!"

tokyo ginko 23:41 GMT May 4, 2010
Market Mood

spot on!

USA ZEUS 23:41 GMT May 4, 2010
Market Mood

I warned them here to not focus too much looking one way while they get attacked on the flank. None of the Eurolandia issues are a surprise. Warned of it several months ago.

USA ZEUS 23:38 GMT May 4, 2010
Market Mood
Reply   
When the USD was going down everyone was jumping up and down like they were at the world cup with chants of "Down with the USA"..."They deserve it".....etc. Now with EUR on the brink the chants are "OMG!"

tokyo ginko 23:36 GMT May 4, 2010
Victimized!!!

"innocent Japanese housewives" are still enjoying their GW holiday...

GT RF!

USA ZEUS 23:31 GMT May 4, 2010
Happy Scalping

LA LA 21:50 GMT May 4, 2010

Shoot in and shoot out. That is the idea. Now am in for the lazy trade- Long 1.2973 all through the night as it rises to the occasion.

1.2777 is coming that is for sure.

HK [email protected] 23:27 GMT May 4, 2010
Victimized!!!
Reply   
.

The RBA, in collusion with other Australian banks whom systematically pumped great news about the Aussie economy and thus seduced Specs., and innocent Japanese housewives into buying Aussie assets will not let go their shorts until AUD/USD will come close to 86.
For the short term 0.9000 is the next Psycho target, below which a Psycho-blow to long-AUD will be unleashed.

GVI Forex Blog 23:26 GMT May 4, 2010 Reply   

Stocks Finish Lower; Markets May Settle Ahead of Jobs Data

KL KL 23:14 GMT May 4, 2010
Happy Scalping

Seems like EURUSD is a nice scalp play near 1.2970 or below with stops near 12958 and above......keep taking the 10 pips and in 10 trades ninja rules....

Syd 22:52 GMT May 4, 2010
Labour was rocked yesterday by explosive new claims about its ‘disastrous’ policy on EU workers.
Reply   
The EU migration lie: Official statistics expose huge gap between PM's figures and truth
Labour was rocked yesterday by explosive new claims about its ‘disastrous’ policy on EU workers.
Figures showed almost four times more EU citizens working here than Britons taking jobs on the continent.
Opposition parties said the figures destroyed the claim by Gordon Brown – who promised ‘British jobs for British workers’ – that there had been equal numbers travelling in each direction.
www.dailymail.co.uk/news/election/article-1272480/Election-2010-The-EU-migration-lie-Official-statistics-expose-huge-gap-PMs-figures-truth.html#ixzz0n0IwnPqC

GVI Forex Jay 22:37 GMT May 4, 2010
EURUSD



Daily chart

Chicago sc 22:34 GMT May 4, 2010
EURUSD
Reply   
Buy EURUSD
Entry: 1.2985 and 1.2950 Target: 1.3050 Stop: 1.2915

Staring at these prices I cant sell down here. Half position on now and the other half at 1.2950. I figure Europe can't let the EUR continue to devastate the global financial markets. I bet they intervene via the BIS at a minimum.

Lahore FM 22:28 GMT May 4, 2010
Trade Ideas

cheers KB,many more good trades to you!

GVI Forex Jay 22:17 GMT May 4, 2010
eurusd

I posted this on GVI Forex earlier - note 1.2965 was tested a short while ago

GVI Forex Jay 20:42 GMT May 4, 2010
EURO: Reply
Weekly chart shows trendline at 1.2872

Key daily chart levels 1.2965 and 1.2885 (most important, especially since it is just above that trendline)

jerusalem kb 22:04 GMT May 4, 2010
Trade Ideas

that was really a great call for 2 ressons , it is leading the market until now and it gave me the apportunity to get 250pips from gbpchf.
great call from a great trader

Syd 22:01 GMT May 4, 2010
Australia PM Rudd May Compromise On Resource Tax - Reports
Reply   
Australian Prime Minister Kevin Rudd was Tuesday night in talks with mining industry leaders that may lead to a compromise on the controversial Resource Super Profits Tax announced over the weekend, say reports Wednesday in the Australian and the Australian Financial Review.

Greek Analist 21:59 GMT May 4, 2010
Happy Scalping

Yeap...for Zeus , a happy scalp is a shiny scalp...

Tampa DPT 21:53 GMT May 4, 2010
Happy Scalping

Buy EURUSD
Entry: Target: Stop:

I sure got one!

Greek Analist 21:52 GMT May 4, 2010
Happy Scalping

He didnt get a haircut////more like a Brazilian wax...

LA LA 21:50 GMT May 4, 2010
Happy Scalping

Zeus what did you do with your long positions?

USA ZEUS 21:48 GMT May 4, 2010
Happy Scalping

EUR/USD wants to trade higher all the way down to 1.2777

Tampa DPT 21:36 GMT May 4, 2010
EURUSD

Sell EURUSD
Entry: Target: Stop:

that spike hit my take profit I was shorting. I gave up on going long for now.

LDN PETE 21:34 GMT May 4, 2010
EURUSD

Checking in. See I was stopped on on my scalp. This was not supposed to happen. This is a very strong move.

Lahore FM 21:33 GMT May 4, 2010
Trade Ideas

Sell EURGBP
Entry: 0.8700 Target: Stop: amended lwoer to 0.8625

05/04/2010 13:09:51 FM Lahore 22

lowered sl on remainder short 0.8700.

sofia kaprikorn 21:31 GMT May 4, 2010
Yield Curve Steepening
Reply   

I have this guess - equity markets show huge volatility which signals distribution phase.

Bonds are in buying frenzy with T-Bond breaking 120.

http://constellation1976.blogspot.com/2010/05/30y-t-bond-breaks-key-resistance-at-120.html


So my guess with the steep yield curve is the flight to quality is pushing money flow into the short end and thus depressing the short end yields relative to the 10-30 segment.

KL KL 21:22 GMT May 4, 2010
Scalping is King
Reply   
Yes ninja scalper still playing this 10 pips game. In Eurusd 1.2982 sl 1.2972 also long audusd .9084 stops .9074...more on AUDUSD of course like 4:1 compared to Euro...take the 20 pips on offer and long again near same spot or lowerr by 10 pips. Play it till cow comes... Aussie is still strong until China Collapses...gl gt...catching falling knife is ok if you wear Stop Loss Steel Glove...like those abbaitor workers...

SF JL 21:20 GMT May 4, 2010
EURAUD
Reply   
Sell EURAUD
Entry: 1.4420 Target: 1.4100 Stop: 1.4500

New here. Position trade.

Gen dk 21:06 GMT May 4, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Belgrade AS 21:06 GMT May 4, 2010
eurusd

thanks...i figured i know them from somewhere.
btw,first long entries @1,2983(bid) triggered.

Melbourne Qindex 21:04 GMT May 4, 2010
EUR/USD : Critical Resistance 1.3067

EURUSD
Entry: Target: Stop:

Mtl JP 20:51 GMT - Good Morning!


EUR/USD : Speculative selling pressure will increase when the market is below 1.2944.

Syd 21:04 GMT May 4, 2010
Don't get your hopes up for market chaos on Friday
Reply   
With one last full day of campaigning left ahead of Thursday's U.K. general election, two polls handed the Conservatives a lead of between five and eight points, leaving the party with an uphill climb to secure a parliamentary majority.
Both polls also suggested the traditionally smaller Liberal Democrats party is slipping back in the final hours of the campaign. A ComRes poll for ITV News and The Independent placed the Conservatives on 37%, Labour on 29%, and the
Liberal Democrats on 26%.
Don't get your hopes up for market chaos on FridayLINK
Mining companies can cope with Australia's demand for a slice of the pieLINK

Brace for more after sixth rise
THE Reserve Bank has left the door wide open for more interest rate rises this year, despite saying lending rates for most borrowers are back to normal. LINK

Tallinn viies 21:01 GMT May 4, 2010
eurusd
Reply   
leavingg stop to 1,2979 and take profit at 1,3015.
good night

GVI Forex john 21:01 GMT May 4, 2010
eurusd

AS yes API data for Apr 30

Belgrade AS 20:58 GMT May 4, 2010
eurusd

API
Crude +3.0m
Gasoilne +1.5m
Distillates +1.4m
C/U 87.4%
------------------------
John,need help....this is April 30. data right?....or i'm too darn tired by now!
tia

Mtl JP 20:51 GMT May 4, 2010
EUR/USD : Critical Resistance 1.3067

Thank you Qindex. Tightens up a "top" (i.e 1.3067) for me on a chart map I was just concidering.

GVI Forex Blog 20:51 GMT May 4, 2010 Reply   
The Canadian dollar sank to its lowest level against its U.S. counterpart in five weeks on Tuesday as worries about the Greek aid package intensified, rattling oil and equity markets.

Forex News - CANADA FX DEBT-C$ slumps to 5-week low as Greece fears bite (RTRS)

scaldielf joe 20:47 GMT May 4, 2010
just started long-term possitioning

1.26xx will print before the reversal to 1.88 and even higher. 1.88

LA LA 20:46 GMT May 4, 2010
eurusd

Am I missing something? I just scanned the forum and all I see are buy trades in the eurusd. I hope it works out but do not see the odds of trading that side. It was alot easier to go with the trend.

Melbourne Qindex 20:45 GMT May 4, 2010
USD Index : Current Comments
Reply   
USDX : The market is now challenging the barrier at 82.70 // 84.24.


Melbourne Qindex 01:34 GMT May 3, 2010
USDX : Critical Support 81.82: Reply
USDX : Critical Support 81.82



The market is stable when it is consolidating within the weekly cycle matrix system at 82.57 - 84.23 - 84.52. Speculative selling pressure will increase when the market is rejected from the barrier at 82.70 // 84.24.

Belgrade AS 20:40 GMT May 4, 2010
just started long-term possitioning
Reply   
Buy EURUSD
Entry: 1,30-1,28 zone Target: in few days Stop: well below 1,28

instead of playing it strong with many units,this time my idea is to fire 2 at the time,..every new dip i'll buy another 2....then on spikes up-i'll take out the old ones.hopefully this will work just as good as selling com.dolls.
anyway,the whole planet will protect the order...afterall.
right?
piece of cake.
PS:VERY IMPORTANT...if following.trading unit must not exceed 1% of equity!

GVI Forex Blog 20:39 GMT May 4, 2010 Reply   
20:00 GMT- May 4 (global-view.com) With virtually all markets back Tuesday, except Japan which is in its Golden Week holidays, the focus was on the Euro-zone debt contagion. The EURUSD bore the brunt of growing

Daily GVI Forex Forex View- Markets Back

GVI Forex Blog 20:34 GMT May 4, 2010 Reply   
Europe again. Risk markets tumbled amid concerns the Greek financial crisis is spreading to Spain and Portugal. The NY press inflamed the rumours,

Forex Research - Morning Report (Westpac)

Melbourne Qindex 20:32 GMT May 4, 2010
EUR/USD : Critical Resistance 1.3067

Sell EURUSD
Entry: Target: Stop:

EUR/USD : The market may go all the way down to the lower trading range at 1.2545 - 1.2584.

GVI Forex john 20:31 GMT May 4, 2010
eurusd

API
Crude +3.0m
Gasoilne +1.5m
Distillates +1.4m
C/U 87.4%

Melbourne Qindex 20:30 GMT May 4, 2010
EUR/USD : Critical Resistance 1.3067

Sell EURUSD
Entry: Target: Stop:

EUR/USD : The weekly cycle normal lower limits are positioning at 1.2733 - 1.2773 - 1.2820.

GVI Forex john 20:26 GMT May 4, 2010
eurusd

API 5mins

Tallinn viies 20:19 GMT May 4, 2010
eurusd
Reply   
API numbers pls if possiblke

Tallinn viies 20:17 GMT May 4, 2010
eurusd
Reply   
got it from friend fwiw
Limits are drying up for major banks with the snb as so much has gone through.. eur chf dealt at 20 while snb were still bidding 25

Mtl JP 20:12 GMT May 4, 2010
Happy Scalping

Lebanon 19:45 - either way you chose to trade euro, suggest to make sure that:
1) you are trigger happy and/or
2) well funded. however you define "well funded"

IF you are going to follow posted trade suggestions that have no parameters for stop trade attached to them.

USA ZEUS 20:04 GMT May 4, 2010
Happy Scalping

No brainer that short term EUR/USD trades above 1.30 for a scalper sized catch. Also a no brainer that 1.2777 is coming.

USA ZEUS 20:00 GMT May 4, 2010
Happy Scalping

They say not to catch a falling knife because of what has already happened but they don't say that it is time to short either. Not sure how one is to read "don't do this, but I wouldn't do that either"


Otherwise, the secondary reaction lower has happened as just mentioned. Buying for this decent rally will work and then 1.2777 is pending on the big picture.

Interpretation- day trade buy for a rally. Long term sell for the key primary fulcrum.

Happy Day!

Hamb 98cc 19:56 GMT May 4, 2010
Happy Scalping

A matter of trading style. Scalpers have fun more often. Trend followers have hope for big fish, but need patience and endure losses. Sheeps get killed all the time. Sheeps need to get in early in trend, or suffer. Hard to see on the other side of the mountain btw, imho. Short sheeps place tight stop and stay aside after giving (Stop minus market) to Mr. market. Scalpers buy and have fun.

Melbourne Qindex 19:56 GMT May 4, 2010
EUR/GBP : Current Comments
Reply   
Sell EURGBP
Entry: Target: Stop:

EUR/GBP : The market is under pressure when it is below 0.8601. It is going to tackle the lower range at 0.8537 - 0.8566.

London ex 19:50 GMT May 4, 2010
Happy Scalping

Lebanon- I would never recommend trying to catch a falling knife. If you want to buy EURUSD watch the charts for a bottoming pattern to develop first.

If you insist on buying, keep a very close stop and be very quick on your feet. Don't put on a loser and then marry the position.

Syd 19:50 GMT May 4, 2010
IMF Board to Act on $40 Bln Greek Aid Package Sun May 9
Reply   
WASHINGTON The International Monetary Fund said Tuesday the executive board will hold a meeting Sunday to decide on the $40 billion Greek aid package, and IMF spokesperson said. “The Executive Board of the International Monetary Fund (IMF) intends to convene on Sunday morning, May 9, 2010, to act on Greeces request for an SDR 26 billion (about 30 billion; or US$40 billion) Stand-By Arrangement,” the official said. “The IMF will issue a press release following the Board’s meeting.” Earlier Tuesday an IMF spokesman said there was no truth to rumors the fund is in discussions with Spain for a financial aid program

Lebanon 19:45 GMT May 4, 2010
Happy Scalping

Hello , do you think its time to go in a buy position eur/usd ?

USA ZEUS 19:40 GMT May 4, 2010
Happy Scalping

One last push lower then a relatively decent rally before it tanks afresh as it approaches the most primary fulcrum level of the last several years 1.2777('s).

Happy Day!

Syd 19:36 GMT May 4, 2010
Merkel’s Coalition Steps Up Calls for EU ‘Orderly Insolvencies’
Reply   
May 4 (Bloomberg) -- German Chancellor Angela Merkel’s coalition stepped up calls for allowing the “orderly” default of euro-region member states to avoid any repeat of the Greek fiscal crisis
http://www.businessweek.com/news/2010-05-04/merkel-s-coalition-steps-up-calls-for-eu-orderly-insolvencies-.html

USA ZEUS 19:35 GMT May 4, 2010
Happy Scalping

Happy scalpers can buy EUR/USD here for yet another pop higher.

Hamb 98cc 19:33 GMT May 4, 2010
Happy Scalping
Reply   
If one is scalping the market, reading market commentary is time that can really be saved. I am a sheep.

Tallinn viies 19:11 GMT May 4, 2010
eurusd
Reply   
there was tons of rumours today but one of those was GS was buying 1,29 1m puts in size of 1-2 yards.
lot of delta hedging to do if true.


the other one was story that a large US based fund has gone under and has been caught the wrong side of European bonds

Melbourne Qindex 19:10 GMT May 4, 2010
EUR/USD : Critical Resistance 1.3067
Reply   
Sell EURUSD
Entry: Target: Stop:

EUR/USD : The bias is on the downside when the market is trading below 1.3039. The current expected trading range is 1.2928 - 1.3067.

jerusalem kb 19:06 GMT May 4, 2010
EURUSD



EURUSD
Entry: Target: Stop:

eurusd may reach 423.6(1.2932)and after that if it may reach 1.3135
next support 1.2965 /1.2886 and 1.2634

Tallinn viies 19:02 GMT May 4, 2010
eurusd
Reply   
bought euros at 1,3002,
this is THE trade for me this month.
stop at 1,2952. if stop done Im done for this month as leverage is too big to fail.
anyway Im waiting bounce today and if no bounce within next 2 hours Im out of this position.
fingers crossed

GVI Forex Blog 19:00 GMT May 4, 2010 Reply   

Multiple Factors Driving U.S. Equity Markets Lower

GVI Forex Blog 18:59 GMT May 4, 2010 Reply   

Aussie Weak; RBA Hikes Rate then Hints at Slowdown

tokyo rana 18:58 GMT May 4, 2010
closed
Reply   
Buy EURUSD
Entry: Target: Stop:

its seems no bounce want go more down...
no lost no profit closed.


happy trade,

London SFH 18:53 GMT May 4, 2010
EURUSD

I am expecting ;ugly ; JT fwiw//

Tampa DPT 18:53 GMT May 4, 2010
EURUSD

Buy EURUSD
Entry: Target: 1.3195 Stop:

Target is 1.3195. I know the feeling about the freight train.

Tok JT 18:51 GMT May 4, 2010
EURUSD

If we dont get a rally in 15-20 minutes in stock markets, then the Euro will be ugly!

LDN PETE 18:43 GMT May 4, 2010
EURUSD

Buy EURUSD
Entry: Target: Stop:

Bid triggered. Standing in front of the freight train. Hope its brakes work!

NYC JM 18:41 GMT May 4, 2010
EURUSD

DPT, what is your target?

Tampa DPT 18:35 GMT May 4, 2010
EURUSD

Buy
Entry: 1.3025 Target: Stop: 1.28

I am long as well with a similar stop. Hope we close to the bottom.

tokyo rana 18:32 GMT May 4, 2010
letssee
Reply   
Buy EURUSD
Entry: 1,30 Target: 100 to 200pips Stop: 1.297

happy trade,

tokyo rana 18:30 GMT May 4, 2010
audjpy

im going to sleep now so close positions iwill short on bounce again today...
usdjpy 94.55 20pips plus...
gbpjpy 143.200 30pips plus...
gbpusd no plus no minus...
eurjpy 122.800 100pips plus..


again iwill put short entries here.
eurjpy 123.2/5
gbpjpy 143.3/6
usdjpy 94.5
gbpusd 1.518/1.52
cadjpy audjpy nzdjpy still thinking..






happy trade,

LDN PETE 18:30 GMT May 4, 2010
EURUSD

Buy EURUSD
Entry: Target: Stop: 1.2980

Sorry typo

Minneapolis DRS2 18:26 GMT May 4, 2010
EURUSD

Is the stop really 1.280, or is that just a typo? Thanks.

GVI Forex john 18:22 GMT May 4, 2010
GVI Forex Trading Support


The Daily Forex View

Markets Back in Action

20:00 GMT- May 4 (global-view.com)  With virtually all markets back Tuesday, except Japan which is in its Golden Week holidays, the focus was on the Euro-zone debt contagion. 

MORE



tokyo rana 18:21 GMT May 4, 2010
audjpy
Reply   
ithink audjpy papular reason is swap points...nzdjpy also ready...
ihope good drop in cadjpy and other jpy pairs soon...

happy trade

Amman wfakhoury 18:16 GMT May 4, 2010
gbpusd profitmaker alert ready for 150-200pips
Reply   
Amman wfakhoury 07:03 GMT May 4, 2010
gbpusd profitmaker alert: Reply
ready to move 150-200 pips
------
done

Tok JT 18:14 GMT May 4, 2010
AussieYen Set for 75ish?
Reply   
Not really dealing with this pair although it's the most popular pair to housewives here.
Noticed that we have broke some key lows in Equities, AUD. This is exactly what I wanted for setting up my trading in coming weeks.
With DolYen going nowhere, Less-Hawkish RBA comments, China tightenings, Commodities sell-off, Terrorist Threats, uncertainties in Euroland, etc...Maybe time is ripe for a deeper pullbacks in AussieYen? I am looking for a break of 80 Yen, for possible extention towards 75ish? in coming weeks.
Will wait for pullbacks to buy cheaper Options.

Im sure housewives here will hate me! (0_0;)

PAR 18:08 GMT May 4, 2010
Spill - Spill - Spill
Reply   
As oil leaks into Gulf, pondering the worst-case scenario

By Joel Achenbach
Washington Post Staff Writer
Tuesday, May 4, 2010; 1:21 PM

The urgent question in the polluted Gulf of Mexico: How bad will this get?

No one knows, but with each day, as the leaking oil well a mile deep remains uncapped, industry observers and scientists are crafting scenarios that range from bad to worse to worst, with some forecasting a calamity of historic proportions.

Several scientists have said in interviews that they believe that the "loop current" of the gulf, a powerful conveyor belt that extends some 3,000 feet deep, will almost surely take the oil down the left flank of Florida to eastern gulf waters. From the Florida Straits, the narrow passage between the Keys and Cuba, the oil could flow into the Gulf Stream, from which it could slather the beaches up the East Coast, the scientists believe.

"I think it is inevitable at this stage because we're seeing it creep slowly toward the loop current," said University of Miami oceanographer Nick Shay. "If this thing keeps going for two to three months, it'll be catastrophic."

LDN PETE 18:00 GMT May 4, 2010
EURUSD
Reply   
Buy EURUSD
Entry: 1.3005 Target: 1.3070 Stop: 1.280

Worth a shot. !.3000 is an obvious trigger point for options. I reckon for a while that it has to hold as writers protect their exposure here. Lets see!

GVI Forex john 17:42 GMT May 4, 2010
GVI Forex Trading Support

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HK [email protected] 17:36 GMT May 4, 2010
K.I.S
Reply   
It will not be that easy to contain today drop in the stock markets, especially when it is clear to the investors what causes it all, and that no solution for the near future.
Big sharks will rather wait for bargain hunting if they think about any risk to their money.

PAR 17:35 GMT May 4, 2010
Spain - Too Big to Fail ?
Reply   
Will Investors Stop Buying Spain's Obligations?
Published: Tuesday, 4 May 2010 - 11:34 AM ET Text Size By: David Faber
CNBC Anchor and Reporter


It didn't take long for investors to think twice about lending to Greece, even with a huge bailout in place that will enable the country to meet its obligations for the next couple of years.

The problem, say sovereign debt investors, is that you don't ultimately solve a massive debt crisis by adding more debt.

And today that sentiment has crept back into the marketplace in the form of huge moves up in the yield of Greek paper and a growing concern about other EU member states and their ability to grow out of large budget deficits.

Greece is a side show when one considers what would happen should investors truly decide not to buy Spain's obligations. It is simply "too big to bail".

One day, so the thinking goes, the actual restructuring must occur. Right now, that day looks like it's closer than many think.



Gen dk 17:24 GMT May 4, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Gen dk 17:24 GMT May 4, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

nyc ws 17:21 GMT May 4, 2010
EUR/USD

Pressure on eurusd is coming out of weaker eurgbp (leading last move down) and eurjpy.

Lahore FM 16:46 GMT May 4, 2010
sell eurgbp

thanx Alimin dear!

HK Kevin 16:45 GMT May 4, 2010
GBP/USD
Reply   
Just sell at 1.5166, stop 1.5199.

HK [email protected] 16:43 GMT May 4, 2010
GOLD

Zeus

~1155 reasonable target.

Auckland peat 16:43 GMT May 4, 2010
previous S+P short
Reply   
Auckland peat 22:00 GMT April 29, 2010
Trade Ideas: Reply
Sell S&P
Entry: 1208 Target: 1180 Stop: 1215

looks like the butterfly came flew home
now at 1172, I'm still holding 2/3rds even tho its past target

makassar alimin 16:41 GMT May 4, 2010
sell eurgbp
Reply   
well done FM on that eurgbp trade, marvellous call!

Los Angles T 16:32 GMT May 4, 2010
Positioning buy $/y
Reply   
USDJPY
Entry: 94.23 Target: 95.98 Stop: 94.11

Set up for Friday

Happy day.

Mtl JP 16:30 GMT May 4, 2010
USD/JPY

fwiw imagery ≠ imagination

Belgrade TD 16:28 GMT May 4, 2010
EUR/USD

nyc ws : I suppose that your question was directed at the risk and money management ... my expectations, last week, was in the zone of 1:30 to 1:31. but I started to build a position earlier and also closed my first open (1.3225) with some profits. The position is quite in the red, right now, but inside my MM limits because I took into consideration the additional decline in value.
Anyway I was wrong about EUR/USD, it turned out this week, ... so I see "no hope on horizon" targeting 1.36 ... and I'm not bullish any more ... will try to close all at best level, next few days

GVI Forex Blog 16:27 GMT May 4, 2010 Reply   
While the Euro Zone and ECB, along with the IMF, surely felt that the weekend EUR110bln bailout for Greece would at the very least buy some time for policymakers to begin implementing draconian fiscal adjustment, the time bought has turned out to be momentary…

It's Back...Sovereign Run, What Next? (FXA)

USA ZEUS 16:22 GMT May 4, 2010
GOLD

"another20$"?

From where was the first 20?

HK [email protected] 16:20 GMT May 4, 2010
GOLD
Reply   
Looks like GOLD is on the way to loose another 20$ of it's current price.
Funds have to sell gold to compensate for losses in other instruments.

USA ZEUS 16:20 GMT May 4, 2010
EUR/USD

Ok- Take gains at your leisure.

Happy Day!

HK [email protected] 16:17 GMT May 4, 2010
USD/JPY

Not an imagination at all I saw it on a DVD.

Mtl JP 16:14 GMT May 4, 2010
USD/JPY

HK [email protected] 15:56 actually your imagery is reminiscent of Alejandro Jodorowsky classic El Topo

GVI Forex Blog 16:05 GMT May 4, 2010 Reply   
May 4 (global-view.com) UPCOMING DATA HIGHLIGHTS: Wednesday will see the final Golden Week holiday in Japan. In Europe, EZ Service PMI data are due. Eurozone retail sales data are also awaited. In North America, U.S. mortgage statistics, ADP private employment data and the Service PMI are slated. Weekly EIA energy data are also on the docket.

GVI Forex- Data Outlook for May 5, 2010

PAR 16:05 GMT May 4, 2010
Spill -Spill - Spill
Reply   
How Bad Is the Oil Spill? Ask the Pelicans
By John W. Fitzpatrick
- FOXNews.com

The catastrophic oil spill in the Gulf begs the question: are some natural systems are just too complex and valuable to risk losing them?

As a professional ornithologist, I am called to ponder the calamity now gushing forth in the Gulf of Mexico. Its most unnerving feature is that we cannot begin to estimate how far-reaching its biological effects will be, let alone the scale of its economic impacts. The most essential facts are still emerging, and changing, each day. How much oil eventually will be released into the high seas? How far away will the havoc of this expanding oil spill be reached? How many hundreds -- or thousands -- of miles of coastline will be affected? How many oyster beds, sperm whale pods, bluefin tuna spawning beds, sea turtle beaches, and bird colonies will fall victim? Can we ever measure accurately the accumulated effects of this disaster on commercial fishing, and tourism, and human happiness?



tokyo rana 16:02 GMT May 4, 2010
USD/JPY

Dear HK RF,
my entry exactly same diifer target...ithink it was false break.wat do think?happy trade,

tokyo rana 16:02 GMT May 4, 2010
USD/JPY

Dear HK RF,
my entry exactly same diifer target...ithink it was false break.wat do think?happy trade,

GVI Forex john 16:01 GMT May 4, 2010
GVI Forex Trading Support

May 4 (global-view.com) UPCOMING DATA HIGHLIGHTS: Wednesday will see the final Golden Week holiday in Japan. In Europe, EZ Service PMI data are due. Eurozone retail sales data are also awaited. In North America, U.S. mortgage statistics, ADP private employment data and the Service PMI are slated. Weekly EIA energy data are also on the docket.

 

 

WEDNESDAY

 

 

0:00

JA

Holiday

n/a

n/a

7:59

EZ

Apr SVC PMI

55.5

54.1

9:00

EZ

Mar Retail Sls mm

0.20%

-0.60%

9:00

EZ

Mar Retail Sls yy

-0.50%

-1.10%

11:00

US

WK Mortgage Stats

n/a

n/a

12:15

US

Apr ADP Jobs k

28

-23

14:00

US

Apr SVC PMI

56.3

55.4

10:30

US

EIA Crude mn

1.2

1.9

10:30

US

EIA Distillate mn

1.8

2.9

10:30

US

EIA Gasoline mn

0.2

-1.2

10:30

US

EIA Cap Util

89.20%

89.00%



Belgrade TD 15:59 GMT May 4, 2010
EUR/USD

nyc ws: 10k

HK [email protected] 15:56 GMT May 4, 2010
USD/JPY
Reply   
Sell USDJPY
Entry: ~94.55 Target: 93.80 Stop: 94.85

USD/JPY is pressing against a level in an attempt to renew it's bull trend.
Like a lying bullet riddled bad guy in a westerner whom tries to grab the gun near him, before he gets the last bullet in the head.

Belgrade TD 15:52 GMT May 4, 2010
S&P

04/29/2010 16:49:23 TD Belgrade 2 -> S&P sell average ~1201+
////
Belgrade TD 16:22 GMT April 30, 2010 -> closed 1/3 at 1193 ...
////
Belgrade TD 23:03 GMT May 2, 2010 -> closed 1/3 at 1187 ...
///
stop order triggered at 1197 :( ... anyway it's ++ OK :)

nyc ws 15:50 GMT May 4, 2010
EUR/USD

I am curious TD when you say 40 10K or 100K lots is that (400,000 or 4,000,000)?

Belgrade TD 15:48 GMT May 4, 2010
EUR/USD

Belgrade TD 16:08 GMT April 27,28,29, 30... 2010
...
surprise after holidays :( ... ok some order was executed: EUR/USD buy at 1.3075 and 1.3025 with a long USD/CHF in 1.0845 partly as insurance ... so I am overall long (40lots) EUR/USD with entry at ~ 1.3086. Will look to close positions in order of opening or at all ... start looking for good exit point on correction ...

USA ZEUS 15:47 GMT May 4, 2010
EUR/USD

Miami JN 15:41 GMT May 4, 2010

JN I have a scalp, a swing and a quick position trade as a reversal from being short. I may or may not be able to post any exits here. 1.2777 is the natural target for casual shorting into solid strength.
Have some guys here talking various price curves and exposure reporting etc for various crude oil basis trades so a bit involved atm.
Cheers GLGT!

HK Kevin 15:47 GMT May 4, 2010
GBP/CHF

London Chris 15:37 GMT, ha ha, agree. Need to double check with the EUR/GBP chart.

PAR 15:45 GMT May 4, 2010
PIMCO
Reply   
Maybe PIMCO shorting PIGS and than talking it down . What you say depends on where you sit.

Miami JN 15:41 GMT May 4, 2010
EUR/USD

Zeus may I ask what your average is and where you would look totake profit. I am looking for a fresh short entry level

USA ZEUS 15:41 GMT May 4, 2010
EUR/USD

Any scalper has a freebie to buy EUR/USD right NOW.

USA ZEUS 15:39 GMT May 4, 2010
EUR/USD

I see a pop higher coming right now.

USA ZEUS 15:38 GMT May 4, 2010
EUR/USD

Everyone is short EUR/USD (or so they say). I guess a pop higher is coming...

London Chris 15:37 GMT May 4, 2010
GBP/CHF

Kevin. That trade is similar to buying eurgbp with eurchf essentially pegged for now??

PAR 15:36 GMT May 4, 2010
PIGS
Reply   
Big question is who is speculating against PIGS and how are they doing it ? Banks , hedge funds, GS , Paulson ?

HK Kevin 15:34 GMT May 4, 2010
GBP/CHF
Reply   

Entry: 1.6660-80 Target: 1.6530 Stop: 1.671

Think no one is looking at this pair. Closed all my short YEN crosses.

Tampa DPT 15:24 GMT May 4, 2010
EUR/USD

EURUSD
Entry: Target: Stop:

I am short at the moment but agree there must be some rebound in the works

Chicago sc 15:20 GMT May 4, 2010
EUR/USD

DPT- Good Question been thinking abut it myself. I expect 1.3000 level COULD be tested, but will hold by the close even if we test below. I will not trade from the long side.

nyc ws 15:19 GMT May 4, 2010
EUR/USD

It all depends how hard the 1.30 barrier is defended but why look for a bottom?

GVI Forex Blog 15:13 GMT May 4, 2010 Reply   
Fears of European debt contagion is the central issue this morning, with rumors and speculation heightening anxiety and prompting denials from European leaders.

Forex Blog - US Market Update (Trade the News)

USA ZEUS 15:12 GMT May 4, 2010
EUR/USD

Position allocation is now fully allocated @ 1.3025. Expecting a pop higher. 1.2777 is coming....

Tampa DPT 15:12 GMT May 4, 2010
EUR/USD

EURUSD
Entry: Target: Stop:

Where do you think the bottom is today?

Gen dk 15:09 GMT May 4, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

makassar alimin 15:07 GMT May 4, 2010
EUR/USD

Zeus, after this pop higher, your 1.2777 coming soon this month?

tokyo rana 15:03 GMT May 4, 2010
Trade Ideas

OMG,what happen to eurusd heading to 1.29....happy trade,

jkt-aye 14:49 GMT May 4, 2010
Trade Ideas

FM, BK ... many thanks. gtgl

LJ BK 14:45 GMT May 4, 2010
Trade Ideas

I feel the same. Usually new mid term high on gold is not reached in 1st attempt. And this one is the 1st one after 1220 was reached. My wild guess would be that new high is taken in autumn.

HK Kevin 14:43 GMT May 4, 2010
Strange movement
Reply   
Strange, stock and gold fall at the same time

Lahore FM 14:41 GMT May 4, 2010
Trade Ideas

aye,gold is keeping a bullish facade under other pretexts.stagflation and such and cunning politicians and corporates and soverign debt fears.still i think it may not eb able to keep the bullish demeanour all by itself!

usd and gold may still remain inverse!

Lahore FM 14:39 GMT May 4, 2010
Trade Ideas

audusd target remains 0.8200 for oil its 78 a barrel for usdcad 1.08 and nzdusd 0.6500 for audjpy 82,00..i am in some of these trades where not stopped short of holding!

jkt-aye 14:38 GMT May 4, 2010
Trade Ideas

FM...as you mention aud, cad and nzd, is there any relation with gold ? tia.

Lahore FM 14:34 GMT May 4, 2010
Trade Ideas

the retraces which have just about started now on audusd,usdcad and nzdusd and the jpy pairs for these will be most likely much deeper.there is no succour or positivity for any of these imho!

GVI Forex Blog 14:24 GMT May 4, 2010 Reply   
EUR down sharply on sovereign jitters Will EUR 110 billion contain Greece? Japan still closed for Golden Week Chinese manufacturing decelerates Bye Bye Brown?

Forex Market Commentary and Analysis (4 May 2010)

GVI Forex Blog 14:22 GMT May 4, 2010 Reply   
Price action on EUR/USD, a daily chart of which is shown, has tentatively broken down below key support in the 1.3100 price region, establishing a new 12-month low in the process.

Chart of the Day - 5/04/2010 – EUR/USD

Saar KaL 14:21 GMT May 4, 2010
on average

to enter and / or exit near the levels
now buying audusd
nzdusd
eurusd
oil
selling gbpchf...etc

tokyo rana 14:21 GMT May 4, 2010
hi
Reply   
Sell GBPUSD
Entry: Target: Stop:

mr,fx added more shorts 1.511.....happy trade,

Tehran K.K 14:18 GMT May 4, 2010
on average

Saar KaL, what use of those levels?

Gen dk 14:11 GMT May 4, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Saar KaL 14:10 GMT May 4, 2010
on average
Reply   
These are my levels
Seems selling usd for a few days

__Pair __High __Low __Error
EUR/USD 1.3303 1.3060 0.0046
USD/JPY 95.10 93.36 0.26
USD/CHF 1.1026 1.0720 0.0041
AUD/USD 0.9328 0.9139 0.0033
USD/CAD 1.0347 1.0111 0.0035
NZD/USD 0.7365 0.7241 0.0028
GBP/JPY 144.80 141.39 0.56
GBP/CHF 1.6589 1.6336 0.0056
AUD/CAD 0.9439 0.9306 0.0027
AUD/JPY 87.97 85.67 0.44
NZD/JPY 69.72 67.91 0.36
GBP/NZD 2.1023 2.0604 0.0071
USD/NOK 6.0150 5.8866 0.0198
USD/MXN 12.4679 12.2109 0.0480
ZAR/JPY 12.8181 12.4879 0.0711
FRA40 3,826.8 3,684.4 39.0
GER30 6,194.1 5,996.5 41.2
JPN225 11,321.9 10,704.8 147.0
SPX500 1,210.1 1,163.5 8.0
USOil 86.83 84.89 0.57

GVI Forex john 14:10 GMT May 4, 2010
GVI Forex Trading Support



Pending Homes Sales predict Existing Homes data..

Lahore FM 14:09 GMT May 4, 2010
snb nudge
Reply   
eurchf takes the nudge!

Lahore FM 14:08 GMT May 4, 2010
AUD/USD

RF had the pulse of audusd all these days..great trade!

GVI Forex Blog 14:07 GMT May 4, 2010 Reply   
In a game of relative value, there’s been good reason to put your money on the Australian dollar...

Keep selling the news?

HK Kevin 14:06 GMT May 4, 2010
AUD/USD

HK [email protected] 07:03 GMT May 4, 2010
AUD/USD : Reply
Sell AUDUSD
Entry: NOW Target: 0.9110 Stop: 92.25
RF, great call, cheers!

PAR 13:56 GMT May 4, 2010
Buy AUDUSD
Reply   
Buy AUDUSD 9120 . Stop 9075 . Target 9500 .

GVI Forex Blog 13:55 GMT May 4, 2010 Reply   

U.S. Equities Called Lower as Traders Take Off Risk

GVI Forex Blog 13:53 GMT May 4, 2010 Reply   

Euro Plunges to 12-Month Low

Lahore FM 13:53 GMT May 4, 2010
Confused

cheers aye!!

thanx a lot!

jkt-aye 13:52 GMT May 4, 2010
Confused
Reply   
jkt-aye 02:45 GMT May 4, 2010

Sell OTHER
Entry: 18.72 Target: 18.25-17.15 Stop: 19.15

is there any coorelation this xag with ccy ?
-----

as Zeus always said "take profit at your leisure" :)

FM...thumbs up !!

Minneapolis DRS2 13:51 GMT May 4, 2010
For those who are brave...
Reply   
Or simply foolish...

Start putting in EUR/USD longs for major (multi-hundred point) gains.

Too many people are on the "Euro is crashing" bandwagon...it's just like the "USD is crashing" bandwagon of not too long ago. And we saw how that went...

Also, a triangle is forming on the monthly chart. Even if the triangle isn't perfect, there should be a sufficient bounce to ensure some decent profit.

Gen dk 13:50 GMT May 4, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

USA ZEUS 13:49 GMT May 4, 2010
EUR/USD

Looks like a risk deflation panic move on rate rumors. EUR likely to take a breather now.

Lahore FM 13:47 GMT May 4, 2010
Trade Ideas

Sell OTHER
Entry: 87.08 Target: Stop: 88.10 which was pulled before rba

05/03/2010 00:01:25 FM Lahore 22

Sell OTHER
Entry: 87.08 Target: 82.00 Stop: 88.10
sold this as 2nd trade of the month of May.

i have taken a loss of about 60 pips on selling it once on friday.
--
half out at 86.08 now for 100+,stops to entry for remainder and for target 82.00.

GVI Forex john 13:47 GMT May 4, 2010
GVI Forex Trading Support

Data @ 14:00 GMT

Pending Homes Sales

The Pending Homes sales index is produced monthly by the NAR. Pending Home Sales become Existing-Home Sales one-to-two months later.

The index derived from Pending Home Sales is used to predict Existing Home Sales, which is the most important U.S. housing statistic.


Factory Orders (Revision to Advance Durable Goods Orders)
Durable good new orders placed with domestic manufacturers for immediate and future delivery. The advance report is an early estimate of durable goods orders. Two weeks later, more complete and revised data are available in the Factory Orders report. Department of Commerce; BEA.

The report provides information on the strength of demand, from both domestic and foreign sources, for U.S. manufactured durable goods.

USA ZEUS 13:46 GMT May 4, 2010
EUR/USD

Loaded a position trade @ 1.3037 for a swing trade higher.

Lahore FM 13:45 GMT May 4, 2010
Trade Ideas

Sell S&P
Entry: 1194.25 Target: Stop: 1210 tentative only

04/22/2010 14:50:34 FM Lahore 114

Sell S&P
Entry: 1194.25 Target: Stop: tentative pnly 1210
sold june contract.this week can cause quite a bit of grief for stox.
--
closed half at 1177 now.stops to 1196.00 for remainder and target of 980.

guess this target may not be met within the contract period of june ..but you never know

tokyo rana 13:41 GMT May 4, 2010
Trade Ideas

what a day exactly what i was expecting same move like last tuesday...again lots of pips..happy trade,

USA ZEUS 13:41 GMT May 4, 2010
EUR/USD

Looks like EUR/USD is about to have a counter contra pop higher.

Lahore FM 13:40 GMT May 4, 2010
Trade Ideas

Porto Cubriclas 13:37 GMT

Cubriclas,its very kind and sweet of you to say that.charmed here!

Porto Cubriclas 13:37 GMT May 4, 2010
Trade Ideas

Last night in the place i work i was talking with other guy about stocks and forex and i ask him "do you know from where is the worlds best forex trader?". He says "No" and i answer "from Lahore in Pakistan".
FM, great trades almost the time!

USA ZEUS 13:36 GMT May 4, 2010
EUR/USD

All in @ 1.3057

USA ZEUS 13:35 GMT May 4, 2010
EUR/USD

Added @ 1.3060

Lahore FM 13:32 GMT May 4, 2010
Trade Ideas

Sell
Entry: 94.00 Target: Stop: 94.60

04/28/2010 16:48:16 FM Lahore 71

Sell USDJPY
Entry: 94.00 Target: mid 91 Stop: 94.60
sold.
--
was not so fortunate here and on crude.usdjpy stopped for minus 60 and crude last attempt also stopped for minus 60.though both may fall and keep falling.audusd has been another sore that weeps.

Lahore FM 13:30 GMT May 4, 2010
Trade Ideas

Sell OTHER
Entry: 0.7300 Target: Stop: 0.7340

04/30/2010 16:11:19 FM Lahore 33

Sell OTHER
Entry: nzdusd 0.7307 Target: Stop: 0.7340so
sold.
--
closed half at 0.7245 and stops to 0.7300 for remainder short.

Lahore FM 13:28 GMT May 4, 2010
Trade Ideas

Sell S&P
Entry: 1200 Target: Stop: 1206

04/30/2010 16:27:16 FM Lahore 23

Sell S&P
Entry: 1200 Target: Stop: 1212
04/29/2010 14:24:17 FM Lahore 25

Sell S&P
Entry: 1200 Target: Stop: 1206
added sell with a stop.
--
04/29/2010 17:58:56 FM Lahore 19

Sell S&P
Entry: 1200 Target: Stop: raised to 1212
june.
--
closed half 1193.00,stops lowered to 1206.
--
closed remainder on this 2nd position now at 1186.00.

Lahore FM 13:27 GMT May 4, 2010
Trade Ideas

Many thanx Jay and Zeus!

USA ZEUS 13:25 GMT May 4, 2010
Trade Ideas

FM!!!!

GVI Forex Jay 13:24 GMT May 4, 2010
Trade Ideas

FM, great trading!

Lahore FM 13:23 GMT May 4, 2010
Trade Ideas

Buy USDCHF
Entry: 1.0547 Target: 1.0900 Stop: 1.0500

04/16/2010 13:26:17 FM Lahore 141

Buy USDCHF
Entry: 1.0547 Target: Stop: 1.0500 as amended
04/13/2010 23:47:29 FM Lahore 17

Buy USDCHF
Entry: 1.0547 Target: 1.0900 Stop: 1.0440
added one.
--
closed half 1.0617 now,stops for rest at 1.0500.
--
closed now at 1.0964 for a goodly 417+.

USA ZEUS 13:23 GMT May 4, 2010
EUR/USD
Reply   
Long EUR/USD @ 1.3063 for a swing scalp.

Boston RS 13:15 GMT May 4, 2010
ECB
Reply   
Has anyone heard an ECB rate cut rumor?

Lahore FM 13:13 GMT May 4, 2010
Trade Ideas

Buy USDCAD
Entry: 1.0060 Target: Stop: 1.0020

04/30/2010 16:09:05 FM Lahore 28


Entry: 1.0060 Target: Stop: 1.0020 amended now
04/29/2010 12:41:35 FM Lahore 21

Buy USDCAD
Entry: 1.0060 Target: Stop: sl placed now 0.9980
04/28/2010 15:24:54 FM Lahore 18

Buy USDCAD
Entry: 1.0060 Target: Stop: at a later time
entered long usdcad orders at 1.0060,removed stops for earlier long 1.0095 which were placed at 1.0060.
--
fileld 1.0060,sl in.
--
half closed 1.0134 now,stops raised to 1.0030 for remaining.
--
rest out at 1.0222 now for a good profit.

Lahore FM 13:09 GMT May 4, 2010
Trade Ideas

Sell EURGBP
Entry: 0.8700 Target: 0.8500 Stop: 0.8690 as amended now

05/02/2010 23:59:40 FM Lahore 10

Sell EURGBP
Entry: 0.8700 Target: 0.8500 Stop: 0.8760
selling the pair as one of the trades for the May month!
--
half outed at 0.8622 and stop lowered. for remainder.

Singapore PW 12:35 GMT May 4, 2010
eurusd

Sell EURUSD
Entry: 1.3120-50 Target: .3000-50 Stop: 1.3165

Correction

GVI Forex Blog 12:35 GMT May 4, 2010 Reply   

FX Thoughts for the day : 04-May-2010 - 1233 GMT

Singapore PW 12:33 GMT May 4, 2010
eurusd

Sell EURUSD
Entry: 1.3120-50 Target: 1.3165 Stop: 1.3000-50

The more details from Greece and talk elsewhere to calm the markets, the more it seems to fuel euro selling. Hoping for a bounce to sell.

Mtl JP 12:31 GMT May 4, 2010
Flip 11:55 - sounds like like comedy hour at the old Communist University of Economic Sciences: IF everyone owes everyone else, does it simply not matter as it just nets out to no-one owing nothing to anyone else ?
-
PAR - turn Hyperinflationary eyes left: on Gold.

GVI Forex john 12:20 GMT May 4, 2010
eurusd

Latest??

7:54 *ALDGATE STATION IN LONDON REOPENING, MET POLICE SAYS

tallinn viies 12:17 GMT May 4, 2010
eurusd
Reply   
Rumor finding bomb at Aldgate Tube Station....only rumor

Chicago sc 12:14 GMT May 4, 2010
EURUSD
Reply   
Sell EURUSD
Entry: Target: Stop:

Hate to show up well into a move. Still want to sell again but trying to be disciplined. Looking for a defensible entry level and keeping my emotions in check.

Melbourne Qindex 12:13 GMT May 4, 2010
EUR/GBP : Current Comments
Reply   
EURGBP
Entry: Target: Stop:

Melbourne Qindex 00:54 GMT May 4, 2010
EUR/GBP : Current Comments : Reply
EURGBP
Entry: Target: Stop:

EUR/GBP : A supporting barrier is positioning at 1.8617.



Melbourne Qindex 00:31 GMT May 4, 2010
EUR/GBP : Current Comments : Reply
EURGBP
Entry: Target: Stop:

EUR/GBP : Critical Support 0.8607



My bias is on the downside. The short term targeting point is 0.8607.

Melbourne Qindex 12:10 GMT May 4, 2010
EUR/USD : Current Comments
Reply   
EURUSD
Entry: Target: Stop:

EUR/USD : The following is still valid :-


Melbourne Qindex 10:12 GMT April 28, 2010
EUR/USD : Current Comments : Reply
EURUSD
Entry: Target: Stop:

EUR/USD : The critical supporting range is now shifting lower to 1.3027 - 1.3047 - 1.3067.

tokyo tommy 12:04 GMT May 4, 2010
USD/JPY
Reply   
Sell USDJPY
Entry: 94.50 Target: 93.50 Stop: 95.00

just try

GVI Forex john 12:01 GMT May 4, 2010
GVI Forex Trading Support

Short on details on bomb scares. Fueling flight to safety USD demand ??

tokyo rana 12:00 GMT May 4, 2010
start shorting
Reply   
Sell USDJPY
Entry: 94.55 Target: open Stop: 95

srtart shorting i put entries gbpjpy 143.500
eurjpy 123.8
gbpusd 1.5175

im hoping for big drop like last tuesday...
happy trade,
best regards

GVI Forex john 11:56 GMT May 4, 2010
GVI Forex Trading Support

Two bomb scares in London.

Brisbane Flip 11:55 GMT May 4, 2010
The world is debted up to the eyeballs so its in everyone's interest to have inflation. It was also the case for Japan for the past twenty but despite a commodity boom with Oil rallying 1,400 percent and gold 400% no joy for the indebted Japanese.

tokyo rana 11:53 GMT May 4, 2010
lets see

Neuville JD,im sorry bad luck....

positions closed....
gbpjpy 143.200
eurjpy 123.700
gbpusd 1.5165
usdjpy 94.45

lots of pips.....
again short on bounce............
happy trade,


tokyo rana 09:03 GMT May 4, 2010
lets see : Reply
Neuville JD,thanx alot...even if im 2000% sure gbpjpy will rise iwill not go long gbpjpy very scarey....only long entry 124 to 136...good luck...you can try...happy trade,

HK [email protected] 11:52 GMT May 4, 2010
JPY
Reply   
If Jpy can move down without obstacle 25pips more, it will just be a price avalanche.

PAR 11:50 GMT May 4, 2010
Hyperinflation will help Greece repaying its debt .

GVI Forex john 11:46 GMT May 4, 2010
GVI Forex Trading Support

Total Open Interest in the EURO FX contract Monday ended at 242,231 -1,283 contracts. My data feed is now back on. During the hiatus, the number of positions seem to have spiked higher.

Mtl JP 11:44 GMT May 4, 2010
PAR - A weak Euro is boosting European price-inflation due to increased cost of energy

PAR 11:42 GMT May 4, 2010
A weak Euro is boosting European exports and is actually very good for European economies and multinational companies.

GVI Forex Blog 11:39 GMT May 4, 2010 Reply   
The euro on Tuesday matched the one-year low against the dollar hit last week on concerns about Greek debt problems and fears of possible contagion to other vulnerable euro zone countries.

FOREX NEWS - Euro at 1 yr low vs dlr on Greece, contagion worries

GVI Forex john 11:35 GMT May 4, 2010
GVI Forex Trading Support



U.K. PMI mfg data...

GVI Forex john 11:34 GMT May 4, 2010
GVI Forex Trading Support



Earlier China PMI...

ldn S 11:08 GMT May 4, 2010
SPAIN
Reply   
Hi do U know ehere i can find smthg on this Handelsblatt article in English plse?

GVI Forex Jay 10:50 GMT May 4, 2010
eurusd

Tuesday, May 04, 2010 6:34:53 AM
(SP) Spain may ask for €280B aid - Handelsblatt (TTN)

Gen dk 10:31 GMT May 4, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

GVI Forex john 10:25 GMT May 4, 2010
eurusd

viies- Thanks for the rumor. Much appreciated. Wonder if its substance is accurate??

tallinn viies 10:19 GMT May 4, 2010
eurusd
Reply   
Rumour flying around FX mkt that Spain are asking for money now - in the region of ?280bln ......!!!

Spanish banks down near 5%

GVI Forex Blog 10:17 GMT May 4, 2010 Reply   
10:00 GMT- May 4 (global-view.com) Virtually all markets are back today with the exception of Japan, which is nearing the end of the Golden Week holidays. The focus of many remains on Greece, as national legislatures are in the process of approving the EU/IMF package. Some are starting to take a look at the bigger picture and are pointing out that Greece could start to run out of funds again in 2012.

Daily GVI Forex Forex View- Markets Back in Action

tallinn viies 10:07 GMT May 4, 2010
eurusd
Reply   
FITCH SPOKESMAN REITERATES AAA RATING ON SPAIN, STABLE OUTLOOK

vienna cla 10:06 GMT May 4, 2010
EUR/USD

tks jay!

GVI Forex john 10:06 GMT May 4, 2010
GVI Forex Trading Support


The Daily Forex View

Markets Back in Action

10:00 GMT- May 4 (global-view.com)  Virtually all markets are back today with the exception of Japan, which is nearing the end of the Golden Week holidays. The focus of many remains on Greece, as national legislatures are in the process of approving

MORE



GVI Forex Blog 10:03 GMT May 4, 2010 Reply   
Risk aversion picked up momentum as the peripheral concerns in Europe will not dissipate. The slowdown in China PMI data combined with ongoing Greek concerns again weighed on sentiment.

European Market Update: possible German CDU member calls for "orderly insolvency" of European states as "consequences" follow from the Greek crisis

Hong Kong 10:00 GMT May 4, 2010
EUR/USD Intra-day signals by AceTrader
Reply   
INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD
EUR/USD: 1.3140

Late Update At 04 May 2010 09:35 GMT

As intra-day decline has accelerated after early
breach of y'day's 1.3154 low (now res), suggesting
MT downtrend has once again resumed n breach of
last week's 1.3114 low wud extend weakness to 1.30
00, below wud yield further fall twd 1.3076.


Venture selling for this move n only abv 1.3185
confirms low is in place, risk 1.3210/15 later.


Range Forecast
1.3115 / 1.3140


Resistance/Support
R: 1.3154/1.3185/1.3215
S: 1.3114/1.3093/1.3076

http://www.acetraderfx.com

Ath. L.K. 09:58 GMT May 4, 2010
Euro Targets
Reply   
Sell EURUSD
Entry: Target: Stop:

Closed 1/3 to 1.3120
Other 1/3 to 1.3065
Rest 1.2983
Maybe comes the time to see 1.25 to 1.27...

Good Luck!

GVI Forex Jay 09:57 GMT May 4, 2010
EUR/USD

cla, good to see you again on the forum.

vienna cla 09:50 GMT May 4, 2010
EUR/USD
Reply   
EUR/USD...there are likely option related bids ahead of 1.3100...

Gen dk 09:39 GMT May 4, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

GVI Forex Blog 09:39 GMT May 4, 2010 Reply   
Traders of the US anticipate the publication of the ADP National Employment Report

Forexpros Daily Analysis - 04/05/2010

Saar KaL 09:23 GMT May 4, 2010
Bands
Reply   
Trade Bands Expected
AUDCAD Long Here
Oil Long too

EUR/USD 1.3363 1.3076
USD/JPY 95.37 93.39
USD/CHF 1.0942 1.0706
AUD/USD 0.9355 0.9152
USD/CAD 1.0321 1.0101
NZD/USD 0.7388 0.7246
GBP/JPY 145.76 141.56
GBP/CHF 1.6578 1.6320
AUD/CAD 0.9460 0.9325
AUD/JPY 88.72 85.67
NZD/JPY 70.22 68.08
GBP/NZD 2.1051 2.0616
USD/NOK 5.9958 5.8851
USD/MXN 12.4183 12.1815
ZAR/JPY 12.9604 12.5032
FRA40 3,889.9 3,681.3
GER30 6,243.1 6,015.6
JPN225 11,321.9 10,704.8
SPX500 1,214.9 1,166.2
USOil 87.89 85.27

Toronto MDunleavy 09:14 GMT May 4, 2010
Sell EURJPY
Reply   


Sell EURJPY
Entry: 124.20 Target: 121.50 Stop: 125.50

Short-term uptrend started in March losing strength below two trend line resistance zones. Pullback to 122.50 likely.

http://docs.google.com/View?id=dcftkq53_152grsnq5c3

tokyo rana 09:11 GMT May 4, 2010
lets see

Sell GBPUSD
Entry: 1.519 Target: open Stop: 1.56

not much bounce so long closed with 10pips plus....happy trade,

Neuville JD 09:04 GMT May 4, 2010
lets see

oh yeah I'll try!

tokyo rana 09:03 GMT May 4, 2010
lets see

Neuville JD,thanx alot...even if im 2000% sure gbpjpy will rise iwill not go long gbpjpy very scarey....only long entry 124 to 136...good luck...you can try...happy trade,

Neuville JD 09:00 GMT May 4, 2010
lets see

Buy GBPJPY
Entry: Target: Stop:

Hi Rana,
I've got a smoky trade for you. Long gbp/gpy at 143.75 for 144.90 stop 143.55.
Schuss!

tokyo rana 08:54 GMT May 4, 2010
lets see
Reply   
Buy GBPUSD
Entry: 1.518 Target: open Stop: 1.5150

short closed with 150pips iwas shorting from friday...
later again short usd weaken ithink so 1.518 seems strong support for time being maybe one more rise is to go so later short.
happy trade,

tokyo rana 08:52 GMT May 4, 2010
gbpusd

Montréal Taro,yes 6may 2010 6pm uk time result out.happy trade,

jkt caniago 08:50 GMT May 4, 2010
EURUSD

rana, tokyo..:so just wait & see..?btw, thx's

Montréal Taro 08:50 GMT May 4, 2010
gbpusd

Is the election May 6th ?

tokyo rana 08:47 GMT May 4, 2010
gbpusd

jkt adhi,depend on uk election im bearish...happy trade,

tokyo rana 08:44 GMT May 4, 2010
EURUSD

jkt caniago,no one knows where this markeet is very difficult becareful...trade with ur mind and chart...best is keep money in ur pocket than play gamble...very neutral markeet any move is possible..happy trade,

jkt caniago 08:40 GMT May 4, 2010
EURUSD
Reply   
where EUR will be go to night..

jkt adhi 08:34 GMT May 4, 2010
gbpusd
Reply   
any prediction for gbpusd this week?

tokyo rana 08:13 GMT May 4, 2010
again short
Reply   
Sell USDJPY
Entry: 94.8 Target: open Stop: 95

gbpjpy 144.050 target open stop open.......
eurjpy 124.800 target open stop open....
lets see this time..........

happy trade,
best regards

tokyo rana 08:10 GMT May 4, 2010
hi

today look like big drop in jpy pairs...lets see coming 2 to 4hours...this hour so important.....i have closed bfore some postions now again going to short iwill put entries here ..........
gbpjpy closed 143.85 100pips today yesterday 90pips
eurjpy closed 124.7 yesterday 95pips today 70pips
usdjpy closd 94.7 yesday20pips today 20pips

gbpusd still hold...

happy trade,

LJ BK 08:01 GMT May 4, 2010
€$
Reply   
With everyone being so bearish about euro and forecasting its demise, it is bound to turn sooner or later. Today we have Greece, tomorrow could be California. Debt is everyone's problem in the western world.

From a technical point, there is a triangle building on longer term chart and 1.27-1.28 area might prove a good buying opportunity for 2010 and beyond.

HK [email protected] 07:55 GMT May 4, 2010
Markets may take arisk aversion course
Reply   
Today Stock markets in Asia did not and maybe later in Europe may not follow Y.day rise in the glorious US markets.

I feel that the general spirit in the mkt. is that the solution of the Crisis will not be effective, and maybe new problems will burst within short time. This means risk aversion for the near future.

HK [email protected] 07:38 GMT May 4, 2010
GBP
Reply   
Sell GBPUSD
Entry: UPON DOWNBREAK OF 1.5180 Target: 1.5100/1.5110 Stop: 1.5220

.

Amman wfakhoury 07:36 GMT May 4, 2010
stop loss
Reply   
London gcm 07:31 GMT May 4, 2010
gbpusd correction: Reply
where is stop loss for sell gbpusd??
-------
15245.

Amman wfakhoury 07:34 GMT May 4, 2010
gbpusd profitmaker chart
Reply   


pls see the chart

London gcm 07:31 GMT May 4, 2010
gbpusd correction

where is stop loss for sell gbpusd??

Amman wfakhoury 07:30 GMT May 4, 2010
gbpusd correction
Reply   
Cairo Hesham 07:25 GMT May 4, 2010
---sorry we are in sell since 15235.

Cairo Hesham 07:29 GMT May 4, 2010
gbpusd profitmaker alert

that sell signal was few days ago. Is that right?

Amman wfakhoury 07:28 GMT May 4, 2010
gbpusd profitmaker alert
Reply   
Cairo Hesham 07:25 GMT May 4, 2010
-----
actually we are in sell since 15135..as profitmaker alert.

Cairo Hesham 07:25 GMT May 4, 2010
gbpusd profitmaker alert 150-200 pips move

Did the cable break 1.521 now? Or, should I wait till the end of that hour?

tokyo rana 07:18 GMT May 4, 2010
hi
Reply   

Entry: 1.533 Target: 1.45 to 1.35 Stop: 1.563

happy trade,

Amman wfakhoury 07:08 GMT May 4, 2010
gbpusd profitmaker alert 150-200 pips move
Reply   
Cairo Hesham 07:04 GMT May 4, 2010
gbpusd profitmaker alert: Reply
up or down? What are the key levels in that case?

--------------
market now is in sideways movement 15210-15290 breaking this area will be the dierction.

Syd 07:06 GMT May 4, 2010
Russia May Cut Rate Again In May - Renaissance
Reply   
Russia's rate cut in the final week of April may not be its last this year, says Alexei Moiseev, chief economist at Renaissance Capital. While opposition to rate cuts is now becoming strong, industrial production remains lackluster, and inflation and a strong ruble are keeping monetary conditions tight, and the central bank may cut rates again this month, Moiseev said.
German Fin Min: Not Ruling Out Greek Insolvency -Report
German Finance Minister Wolfgang Schaeuble won't rule out that debt-stricken Greece could yet become insolvent, according to Rheinische Post Tuesday. Greece, which is about to receive a EUR110 billion, three-year bailout package from other euro-zone governments and the International Monetary Fund, will have to adhere to a strict austerity plan, Schaeuble said. "Should there be any violations, payments will be halted. Then Athens may be on the verge of insolvency again," he was quoted as saying. Schaeuble also called for tougher sanctions against member states that violate European Union rules. Sanctions could include halting EU payments to a country or withholding its vote.
www.rp-online.de

Cairo Hesham 07:04 GMT May 4, 2010
gbpusd profitmaker alert

up or down? What are the key levels in that case?

Amman wfakhoury 07:03 GMT May 4, 2010
gbpusd profitmaker alert
Reply   
ready to move 150-200 pips

HK [email protected] 07:03 GMT May 4, 2010
AUD/USD
Reply   
Sell AUDUSD
Entry: NOW Target: 0.9110 Stop: 92.25

.

Hong Kong 06:38 GMT May 4, 2010
GBP/USD Intra-day signals by AceTrader
Reply   
INTRA-DAY GBP/USD: 1.5245

Last Update At 04 May 2010 05:53 GMT

Despite intra-day anticipated weakness after
meeting renewed selling at 1.5265 n marginal fall
below y'day's low at 1.5212, as nr term erratic dec
line fm 1.5390 (Fri) is losing momentum, reckon 1.5
176/80 wud remain intact n bring rebound later.


Turn long on further fall but abv 1.5283 needed
to confirm aforesaid decline has ended.

Range Forecast
1.5200 / 1.5235

Resistance/Support
R: 1.5283/1.5316/1.5345
S: 1.5212/1.5176/1.5126

http://www.acetraderfx.com

Syd 05:51 GMT May 4, 2010
RBA Moving Into Stage III Of Policy Tightening-CBA
Reply   
RBA moving into Stage III of policy tightening when rates are pushed into restrictive territory, says CBA Chief Economist Michael Blythe. "The fundamental issue derives from the renewed commodity boom. That boom is set to inject a sizeable amount of income into an economy already running close to full capacity. The resultant tension between income, spending and production is where the inflation risks lie." Stays with 5.0% cash rate forecast for year end, move towards 6.0% in 2011.

Syd 05:48 GMT May 4, 2010
Times Square bombing suspect reportedly in custody
Reply   
http://www.marketwatch.com/story/times-square-bombing-suspect-reportedly-in-custody-2010-05-04-124120?siteid=bnbh

HK [email protected] 05:38 GMT May 4, 2010
Hit the Specs. Day.
Reply   
Aus/usd Just to mentioned, that daily RSI(14), is already under 50, so if the close will be under 50, will not look nice.

The next group of Specs to be victimized are likely those long USD/YEN, but for that it is important that price action, will first go below 94.55.
Below 94.25 that will really splash cold water on the last rally. But too early to say.

Cairo Hesham 05:35 GMT May 4, 2010
Too heavy to fly a duck.

To RF: I agree to ur words. Add that the aud couldn't break 0.93 and stay above it three times. It seems to me that the aud is toppish

Syd 05:05 GMT May 4, 2010
RBA Now Has Keen Eye On Inflation - ANZ
Reply   
Inflation is back in the game for RBA; if indicators such as labor force, retail strength continue to improve central bank will be forced to hike again, says ANZ Economist Amber Rabinov. "They have got the keen eye on inflation at the moment." Says policy now at neutral, RBA can afford to sit back until August before next move, though much depends on data flow. Says still positive for AUD. "Broadly, higher rates here and rates on hold every where else is positive for the Australian dollar." AUD/USD last at 0.9248 from 0.9242 before RBA

HK [email protected] 05:00 GMT May 4, 2010
Too heavy to fly a duck.
Reply   
Now 0.9218, is a critical support, if breaks will send the Aud to 0.9175.

Any rise in the AUD will be met by Specs exiting for their life.

No more stories for the near future.

Syd 04:56 GMT May 4, 2010
RBA Have Inflation On Their Radar - HSBC
Reply   
RBA's statement accompanying 25 bps rate hike is clearly hawkish with emphasis on inflation meaning rates have further to go, though bank may pause in June, says HSBC senior Asia economist Frederic Neumann. "The statement is slightly more hawkish, (suggesting) in particular (that) inflation risks are now coming back on the radar screen of the RBA."

Neutral RBA Edging Closer To Restrictive - TD
Significant change of tone in RBA's statement means policy now at neutral, with move into restrictive territory likely by year-end at least, says TD Securities Economist Roland Randall. "They have moved now to more of a neutral bias." Says Fridays quarterly inflation and growth forecasts are paramount to further moves. "We expect they may have to move to a moderately restrictive stance well justified by growth and inflation." Expects policy to be restrictive by year-end around 5.25%. "That's really necessary because inflation has bottomed at a point that is much higher than the RBA expected." Says may pause in June. Cash rate now 4.50% after today's 25-bp hike.

AUD/USD declines slightly then rebounds after RBA raises cash rate 25 bps to 4.5% today. In immediate aftermath of decision and statement, traders apparently keyed in on RBA's comments that rates for borrowers will be around average levels. However, currency quickly rebounded as majority of commentary was centered around inflation, relatively hawkish. AUD/USD recently at 0.9247, after dipping to 0.9232 just after RBA's decision. Should rebound continue, next resistance to watch around 0.9280

Syd 04:48 GMT May 4, 2010
Rates rise - again
Reply   
http://www.smh.com.au/business/rates-rise--again-20100504-u5vs.html?autostart=1

Blore RKG 04:47 GMT May 4, 2010
Playing a correction
Reply   
Sell USDJPY
Entry: 94.90 Target: 94.25 Stop: 95.20

Overbought and divergences in hourlies call for a correction to the 4th of one lower degree.

Syd 04:44 GMT May 4, 2010
dj RBA Delivers 6th Rate Hike; More Likely To come
Reply   
RBA, as expected, raises cash rate target a further 25 bps to 4.50%, citing surging commodity prices, house price gains and an emerging inflation problem as catalysts for move. The hike, the 6th since October 2009, returns interest rates to what the RBA is now describing as around average levels. Few economists expect it will be sidelined for long, as economic growth moves to above average levels, likely requiring restrictive policy stance by year-end. Hike takes amount of rate increases since October to 150 bps, firmly establishing RBA as one of the most aggressive central banks among major economies.

Syd 04:41 GMT May 4, 2010
RBA
Reply   
PRESS RELEASE: Australia RBA Raises Cash Rate Target 25 Bps To 4.5%


The following statement is from Reserve Bank of Australia Governor Glenn Stevens:


At its meeting today, the Board decided to raise the cash rate by 25 basis points to 4.5%, effective 5 May 2010.

Recently, forecasts for world GDP growth have been revised up again, and growth is expected to be at trend pace or a little above in 2010. Conditions in Europe remain quite weak, though recent data suggest growth is becoming more established in North America. In Asia, where financial sectors are not impaired, growth has continued to be strong, contributing to pressure on prices for raw materials. The authorities in several countries outside the major industrial economies have now started to reduce the degree of stimulus to their economies.
Global financial markets are functioning much better than they were a year ago, but sovereign risk concerns have escalated significantly in Europe over recent weeks. This has prompted additional efforts by policymakers to put fiscal policies onto a sounder footing and to provide support for Greece in the near term. To date, there has been very little contagion outside Europe.

Australia's terms of trade are rising by more than earlier expected, and this year will probably regain the peak seen in 2008. This will add to incomes and foster a build-up in investment in the resources sector. Under these conditions, output growth over the year ahead is likely to exceed that seen last year, even though the effects of earlier expansionary policy measures will be diminishing. The process of business sector deleveraging is moderating, with business credit stabilising and indications that lenders are starting to become more willing to lend to some borrowers, though credit conditions for some sectors remain difficult. Credit outstanding for housing has been expanding at a solid pace. New loan approvals for housing have moderated over recent months as interest rates have risen and the impact of large grants to first-home buyers has tailed off. Nonetheless, at this point the market for established dwellings is still characterised by considerable buoyancy, with prices continuing to increase over recent months. Recent data on inflation confirm that it has declined from its peak in 2008, helped by a noticeable slowing in private-sector labour costs during 2009, the rise in the exchange rate and the earlier period of slower growth in demand. In both underlying and CPI terms, inflation over the most recent 12 months was around 3%. Nonetheless, the extent of decline from here may not be quite as much as earlier forecast and inflation now appears likely to be in the upper half of the target zone over the coming year.

With the risk of serious economic contraction in Australia having passed some time ago, the Board has been adjusting the cash rate towards levels that would be consistent with interest rates to borrowers being close to the average experience over the past decade or more. The Board expects that, as a result of today's decision, rates for most borrowers will be around average levels. This represents a significant adjustment from the very expansionary settings reached a year ago. The Board will continue to assess prospects for demand and inflation, and set monetary policy as needed to achieve an average inflation rate of 2%-3% over time


HK [email protected] 04:39 GMT May 4, 2010
???????????
Reply   
# Cash rate [effective 5 May 2010] 4.50%

Hong Kong 04:38 GMT May 4, 2010
Support, Resistance and Range Forecast by AceTrader
Reply   
INTRA-DAY USD/JPY:

Last Update At 04 May 2010 02:30 GMT

Range Forecast
94.78 / 95.00


Resistance/Support
R: 95.10 / 95.36 / 95.70
S: 94.78 / 94.43 / 94.15

------------------------
INTRA-DAY EUR/USD:

Last Update At 04 May 2010 02:20 GMT

Range Forecast
1.3185 / 1.3215


Resistance/Support
R: 1.3215/1.3253/1.3284
S: 1.3185/1.3154/1.3142

------------------------
INTRA-DAY USD/CHF:

Last Update At 04 May 2010 02:25 GMT

Range Forecast
1.0840 / 1.0870


Resistance/Support
R: 1.0890/1.0900/1.0925
S: 1.0830/1.0811/1.0793

------------------------
INTRA-DAY GBP/USD:

Last Update At 04 May 2010 02:29 GMT

Range Forecast
1.5230 / 1.5260


Resistance/Support
R: 1.5283/1.5316/1.5345
S: 1.5212/1.5176/1.5142

http://www.acetraderfx.com

Syd 04:35 GMT May 4, 2010
Australia RBA: Inflation To Be Upper Half Of Target Zone Over Coming Year
Reply   
Australia RBA: Board Will Continue To Assess Prospects For Demand, Inflation
Australia RBA: Inflation Decline May Not Be As Much As Forecast
Australia RBA: Tightening Represents Significant Adjustment From Very Expansionary Settings
Australia RBA: Rates For Most Borrowers Will Be Around Average After Today
DJ Australia RBA: Terms Of Trade Rising More Than Expected
Australia RBA: To Set Policy As Needed To Achieve Inflation Target
Australia RBA: Housing Market Considerably Buoyant, Prices Still Rising
Australia RBA: Housing Credit Has Expanded At Solid Pace

Syd 04:30 GMT May 4, 2010
aud
Reply   
Australia's RBA Raises Cash Rate Target 25 Bps To 4.5%

Syd 03:58 GMT May 4, 2010
Report from ratings agency S&P suggested Japan faces "growing" urgency to slash its deficit, in orde
Reply   
USD/JPY ticking higher as JPY "undermined by concerns about sovereign risk," says Bank of NZ strategist Mike Jones. Says report from ratings agency S&P suggested Japan faces "growing" urgency to slash its deficit, in order to stave off sovereign ratings downgrade; "Couple that with the relatively positive USD sentiment stemming from last night's buoyant manufacturing data and you get the perfect recipe for strength in USD/JPY." Says 95.00 levels will break "before too long." Also, with Japanese investors increasingly interested in collecting the higher yields offshore investments offer, "I suspect we will continue to see USD/JPY push higher in coming weeks." Tips support to hold at 94.10, resistance at 95.00, and then 95.90. Pair last 94.86.

Syd 03:53 GMT May 4, 2010
DJ Obama Nominates 3 To Fed Board, Names Yellen Vice Chairman
Reply   
U.S. President Barack Obama on Thursday named three new Federal Reserve board members who are set to play a key role in the central bank's steering of the economy following its worst recession in decades.

The prominent role is to be played by Janet Yellen, currently president of the San Francisco Federal Reserve Bank, who will replace Donald Kohn as Fed vice chairman. Like Fed Chairman Ben Bernanke, Yellen is seen as a strong advocate of the need to keep interest rates at a record-low near zero for an "extended period" to support the recovery and help bring unemployment down.

GVI Forex Blog 03:49 GMT May 4, 2010 Reply   

Morning Briefing : 04-May-2010 - 0346 GMT

Syd 03:00 GMT May 4, 2010
Buffett Wouldn't Want to Fix U.K. Deficit
Reply   
Mr Buffett warned the next occupant of No 10 to fear the bond market, which could turn against the UK if public spending is not brought back into balance over the long term. http://www.businessweek.com/globalbiz
/content/may2010/gb2010053_017810.htm

jkt-aye 02:45 GMT May 4, 2010
confused
Reply   
Sell OTHER
Entry: 18.72 Target: 18.25-17.15 Stop: 19.15

is there any coorelation this xag with ccy ?

HK [email protected] 02:32 GMT May 4, 2010
AUS/USD
Reply   
Mopping up excess of liquidity in China the main engine for Australian growth + increase in interest rates in Australia, may put some brake on the recovery, especially if more tightening is expecting from China.

Nothing is clear by this moment, so some begin an exit from the Aus right now.

tokyo rana 02:18 GMT May 4, 2010
usdjpy
Reply   
Sell USDJPY
Entry: 94.9 Target: open Stop: 95.5

good morning to all,
yesterday.
maybe usdjpy false break double top...
usdjpy 20pips plus
gbpjpy 90pips plus.
eurjpy 95pips plus.
gbpjpy short entry 144.85 target open stop 148
eurjpy 125.4 target open stop 127
happy trade,best regards

Melbourne Qindex 01:46 GMT May 4, 2010
GBP/JPY : Current Comments
Reply   
GBPJPY
Entry: Target: Stop:

GBP/JPY : The market can tackle the upper range at 145.09 - 145.56.

Syd 01:14 GMT May 4, 2010
Australian 1Q Business Expectations Index Rises To 63.9 Pts Vs 62.7 Pts
Reply   
Australian business confidence continued to improve in the first quarter, buoyed by a stronger economy and solid growth in key export markets in Asia, according to a private sector survey published Tuesday.
The Commonwealth Bank of Australia-Australian Chamber of Commerce & Industry Business Expectations Survey's seasonally adjusted index of expected economic performance, which measures business expectations for the economy over the next 12 months, rose to 63.9 points from 62.7 in the fourth quarter.
The index has rebounded 35 points in 12 months, suggesting that businesses "are optimistic that the Australian economy will register a significantly better performance in 2010 than last year," the survey said.
Also, the trend index, at 65.4, is at its highest level since the survey began in September 1994.
The upbeat business survey may add to the widely expected view that the Reserve Bank of Australia will raise official interest rates again later Tuesday. The outcome of the RBA board's policy meeting will be announced at 0430 GMT


May 3 (Bloomberg) -- Iceland, which before Greece had been the western nation hardest hit by the global credit crisis, avoided a meltdown as bad as the Greeks’ in part because it had its own currency, Finance Minister Steingrimur Sigfusson said. “Oh my God, I wouldn’t want to be in the position they’re in,” Sigfusson said in an interview. “The position Greece is in is quite different from the position Iceland is or was in; Greece has the euro and we can debate whether or not that’s good for them for the time being.”

Lahore FM 00:59 GMT May 4, 2010
Trade Ideas

OTHER
Entry: Target: Stop: 88.10 pulled

pulled stop,will play it by the ear.

HK [email protected] 00:59 GMT May 4, 2010
JPY
Reply   
HK [email protected] 20:21 GMT May 3, 2010
JPY : Reply
Buy USDJPY
Entry: 94.555 Target: 95.10 Stop: 94.25
////////////////////////////////////////////////////////////////////////////

Get profit(USD/JPY) as too many rushed in.
Will stay out until RBA decision.

If RBA will increase interest rate, this may be regarded the last one, and AUS will drop maybe after a blip.

RBA, may consider a possibility that Australian economy may be suffocated by additional increase, in that case too Aus will drop.

Hong Kong 00:57 GMT May 4, 2010
Daily Market Outlook by AceTrader
Reply   
Market Review - 03/05/2010 22:01GMT

Euro falls on profit-taking and Greek bailout worries

The dollar rose against the yen and euro as upbeat US ISM manufacturing and construction data boosted optimism over the US economy recovery while euro weakened on doubts if Greece could implement drastic wage cuts to narrow budget deficit.

Although the European Union finance ministers approved the bailout for Greece over the weekend, euro plunged against the dollar on Monday due to worries that the 110 billion-euro ($146 billion) bailout package for Greece might not win support easily from the citizens of some EU countries . Despite brief rise to 1.3365 in NZ/AUS on short term speculator buying, buying dried up later and broad-based profit-taking together with renewed selling pushed euro sharply lower. The single currency extended weakness to 1.3154 in thin U.S. session before staging a minor rebound on short-covering.

Versus the Japanese yen, the greenback fell briefly to 93.51 in NZ/AUS trading session as PBOC's surprise announcement to raise banks' reserve requirement (which is the 3rd time this year) provoked risk aversion. However, the pair swiftly rebounded from there on cross unwinding especially versus euro and the solid ISM manufacturing data and and construction spending together firmness in US stocks also supported the dollar. DJI ended the day up 143.22 points at 11151.83 while the usd/jpy pair eventually rallied to 94.79 in US session before stabilizing.

On economic front, German April manufacturing PMI rose to 61.5 versus economists' forecast of 61.3 and much higher than the reading of 60.2 in March. U.S. personal spending and income rose by 0.6% and 0.3% in March respectively whilst U.S. core PCE index rose by 0.1% m/m and 2.0%. U.S. construction spending rose unexpectedly by 0.2% in March against the economists' forecast of a decrease of 0.3%. U.S. ISM manufacturing also came in higher-than-expected at 60.4 versus the forecast of 60.0.

Economic data to be released on Tuesday include: Australia RBA rate decision, Germany Retail sales, U.K. Manufacturing PMI, EU PPI , U.S. Durable goods, Pending home sales and Consumer confidence.

http://www.acetraderfx.com

Melbourne Qindex 00:54 GMT May 4, 2010
EUR/GBP : Current Comments

EURGBP
Entry: Target: Stop:

EUR/GBP : A supporting barrier is positioning at 1.8617.

Syd 00:32 GMT May 4, 2010
JPY Should Soften, Sooner Or Later-Oriental Econ
Reply   
USD/JPY likely to rise as interest rate differentials between Japan, U.S. expected to widen in months ahead, attracting investors to park their money in USD-denominated assets rather than JPY-denominated ones, says The Oriental Economist Alert, newsletter published by Japan Watchers LLC. "The U.S. rates rise in the face of recovery but rates in Japan continue to be held down by the Bank of Japan," it says. Adds, interest rates gap has widened, but USD/JPY hasn't increased by much when compared to similar situations in past, suggesting "if the rate gap increases even more, then sooner or later, the yen should soften further."

Melbourne Qindex 00:31 GMT May 4, 2010
EUR/GBP : Current Comments
Reply   
EURGBP
Entry: Target: Stop:

EUR/GBP : Critical Support 0.8607



My bias is on the downside. The short term targeting point is 0.8607.

Syd 00:25 GMT May 4, 2010
Trichet May Need to Rewrite ECB Rule Book to Tame Greek Threat
Reply   
May 4 (Bloomberg) -- European Central Bank President Jean- Claude Trichet, who capitulated on a January pledge not to relax lending rules for the sake of one country, may have to sacrifice more principles to prevent Greece from bringing down the euro.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a1_VpZBbuhmw&pos=3

GVI Forex Blog 00:04 GMT May 4, 2010 Reply   

Stocks Rally after Buffett defends Goldman

GVI Forex Blog 00:03 GMT May 4, 2010 Reply   

Speculators Increase Pressure on Euro

HK [email protected] 00:01 GMT May 4, 2010
EURO
Reply   
That agreement Germany-IMF-Greece, is like being invited to a Jewish wedding knowingly the bride is a terminal cancer case.

But it is a wedding and one must put up a happy face, not a very safe investment at any direction.

 




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