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Forex Forum Archive for 05/17/2010

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tokyo rana 23:50 GMT May 17, 2010
jpy

Dear JJ,
dailyfx saying gbpjpy if break 130yen than next 90.97...
have a look please,
happy trade,

Syd 23:39 GMT May 17, 2010
French Fin Min:Parliament To Vote On Europe Stability Plan By End May
Reply   
Lagarde: Euro Is A Solid Currency

sofia kaprikorn 23:36 GMT May 17, 2010
overnight trade
Reply   
Sell EURUSD
Entry: Target: Stop:

sold 1.2394/84 - stop 1.2444
>>>
target 1.2355

HK JC 23:34 GMT May 17, 2010
Sorry for disturbing again.

USD index back to 82 and EUR back to 1.29? quite impossible for the coming 2-3 month... if yes, then stock market will fly higher, but sell in may and walk away is valid for this year

Syd 23:27 GMT May 17, 2010
EUR May Rise Slightly Due To Short-Cover -Dealer
Reply   
EUR/USD, EUR/JPY likely to rise slightly in Asia trade as recent plunge in EUR suggests investors have a lot of short positions that they must square, says senior dealer at a major Japanese bank. Japan's stocks will likely rise as U.S. stocks ended tad up overnight; somewhat-firm share moves "should be a great excuse for investors to buy back the euro for now." But longer-term trend remains negative; EUR/USD may target 1.20 in weeks ahead. For this global day, EUR/USD may trade in 1.2300-1.2400 band vs last 1.2383. EUR/JPY may trade in 113.50-115.00 range vs last 114.46. USD/JPY may trade in tight range of 92.00-92.80 vs last Y92.47; stocks likely to be cue for pair as well, he says.

tokyo rana 23:05 GMT May 17, 2010
jpy

Buy GBPJPY
Entry: 133.200 Target: 140plus Stop: open

good morning,
shorts target 133.200 62pips ithink enough.............
happy trade,

Syd 23:02 GMT May 17, 2010
NZ 1Q Producer Output Prices +1.8% Vs 4Q; Consensus +0.5%
Reply   
Input prices paid by New Zealand manufacturers rose in the first quarter but the increases were offset by higher output price.

Statistics New Zealand said Tuesday that input prices measured by its producer price index rose 1.3% in the first quarter from the fourth quarter, when they rose a revised 0.4%.

The median expectation of five economists polled by Dow Jones Newswires was for a 0.5% rise.

Syd 22:59 GMT May 17, 2010
EU Rehn: Technical Details Being Finalized For Euro-Zone Aid Vehicle
Reply   
European Commissioner for Economic and Monetary Affairs Olli Rehn said Greece on Tuesday, May 18, will receive the first part of its EUR110 billion bailout from euro-zone states and the International Monetary Fund. A total of EUR25.5 billion is being delivered in this initial outlay, including EUR20 billion from euro-zone governments and EUR5.5 billion from the IMF.

The finance ministers also discussed the spread of Greece's debt problems to other euro-zone countries, including Spain and Portugal. Both countries recently have announced new austerity measures in a bid to ease fears of default. Juncker and Rehn said the commission currently is analyzing these plans, aiming to make a final assessment when the Eurogroup next meets on June 7.

Melbourne Qindex 22:51 GMT May 17, 2010
EUR/USD : Current Comments
Reply   
EURUSD
Entry: Target: Stop:

EUR/USD : Critical Supporting Point [1.2183]*



The current expected trading range of the monthly cycle charts is 1.2260 - 1.2830. The market is still under pressure when it is below the monthly cycle pivot center at 1.2545. The mid-point reference of 1.2260 and 1.2545 is 1.2402 which is marked with orange color in the monthly cycle projected series. The odds are in favor of maintaining a short position when EUR/USD is trading below the monthly cycle congested area at (1.2545 - 1.3522). THE expected trading range from the "Long Term References for Position Traders" is [1.2183]* - 1.2601*.



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

HK [email protected] 22:50 GMT May 17, 2010
Sorry for disturbing again.
Reply   
But my computations pointing to a possibility of USDX Ret. back to the range[82.00,82.50] after last parabolic ascend.

Equivalent from other computations point to [1.2900,1.2950] range for the Euro.

BTW, I don't trade Euro, but it may provide some good reference.

Syd 22:35 GMT May 17, 2010
EU's Juncker: Greece Budget Plans 'On The Right Track'
Reply   
EU's Juncker: Greece Budget Plans 'On The Right Track'
EU's Juncker: Greece Will Be Able To Meet Its Obligations
EU's Juncker: EU Studying Spain, Portugal Austerity Plans
EU's Juncker: EU Studying Spain, Portugal Austerity Plans
EU Juncker: Euro-Zone Mins Support Plan For Closer Budget Scrutiny

HK [email protected] 22:29 GMT May 17, 2010
For a change
Reply   
Spec. record HI Euro short, ECB wants Euro at 1.10?

Just for a change Euro may begin a move to 1.29++.

Looking for a logic behind it? The market is not a place to find such.

tokyo rana 22:24 GMT May 17, 2010
jpy

if any change iwill post here...
change u know possible...
happy trade,

tokyo rana 22:22 GMT May 17, 2010
jpy

lkwd jj,
still no change same as my last post...
short avg 133.800 target 133.1
than llong 133.100
happy trade,

Europe Theorist 22:20 GMT May 17, 2010
Positive day for Euro???


I'm not so optimistic. EU Officials in various interviews and discussions have stated that they favour a 1.10 Euro as this would provide an inherent 1% growth rate throughout Europe and prvide at least in the short term a catalyst from which faster recovery can be fostered.

Sydney gsv 22:08 GMT May 17, 2010
Positive day for Euro???

RF- Could be. Maybe all the bad news for Europe is out for a while?

HK [email protected] 22:01 GMT May 17, 2010
Positive day for Euro???
Reply   
Looks like stock markets for a change are for a positive day.

HK c 21:47 GMT May 17, 2010
USDJPY
Reply   
Buy USDJPY
Entry: 92.00 Target: 93.15 Stop: 91.50

Distant bid but you have to buy it cheap to work.

HK c 21:43 GMT May 17, 2010
Posts
Reply   
I read every post and comment on very few. Unfortunately. I think am like most here. Don't take it personally.

Singapore stan 21:35 GMT May 17, 2010
eurusd

Tino-

they are much appreciated please keep them up!

GVI Forex Blog 21:35 GMT May 17, 2010 Reply   
…If the market fails to continue higher than 1.4633, it creates a negative reveral. If the market tops off at the 1.45 it would be tested a resistance. This pullback would confirm the break and..

Fxtimes: Daily Technical Update GBP/USD Assessing Reward to Risk After Pullback

GVI Forex Jay 21:34 GMT May 17, 2010
eurusd

Tino. Not every post gets a response and it does not mean it was not read or appreciated. Trust me, I am on the posting end and know the feeling. The essence of a community is to give in the hope that others will do the same, not expecting anything in return. I saw your long eur/usd call earlier (which turned out well) but then got involved in the heat of battele like everyone else. A trade call that includes a rationale will more likely lead to a discussion than one without a rationale.

So, continue posting. Maybe it will give me an excuse to visit your fine island.

GVI Forex Blog 21:34 GMT May 17, 2010 Reply   
The EUR/JPY is testing a low around the 113 area. This is also the 2009 low and a break below it has significant bearish implication. For now, the 113.00 area appears to support the pair as the week..

Fxtimes: Daily Technical Update EUR/JPY Testing 113; The 91.0 Scenario

Aruba Tino 21:29 GMT May 17, 2010
eurusd

hope someone found my posts helpful. that's the last post from the one happy island. due to lack of comments there s no point to keep on posting :-)

GVI Forex Blog 21:18 GMT May 17, 2010 Reply   
The Canadian dollar pared steep losses against the U.S. currency on Monday, but still ended slightly lower as global risk aversion continued to play out over nagging worries about Europe's

CANADA FX DEBT-Canadian dollar slips lower on risk aversion

GVI Forex Blog 21:18 GMT May 17, 2010 Reply   
The Canadian dollar pared steep losses against the U.S. currency on Monday, but still ended slightly lower as global risk aversion continued to play out over nagging worries about Europe's

CANADA FX DEBT-Canadian dollar slips lower on risk aversion

GVI Forex Blog 21:18 GMT May 17, 2010 Reply   
The Canadian dollar pared steep losses against the U.S. currency on Monday, but still ended slightly lower as global risk aversion continued to play out over nagging worries about Europe's

CANADA FX DEBT-Canadian dollar slips lower on risk aversion

london red 21:17 GMT May 17, 2010
DJ EUR/USD Downtrend May Have Paused For Now - BNZ

Reward of the day goes to BNZ for note which best covers all bases! Downtrend has paused for now...but wouldn't be surprised to see it go down later this week, although notes record speculative short positions!

Singapore stan 21:14 GMT May 17, 2010
EURUSD

Sell EURUSD
Entry: 1.2410 and 1.2430 Target: 1.2200? Stop: 1.2470

Stinks. Caught the first trade right and then lost everything back going back to the well. Anyway I still like this trade. You have to get in on the corrections. Two entry levels.

gl+gt

Syd 20:54 GMT May 17, 2010
DJ EUR/USD Downtrend May Have Paused For Now - BNZ
Reply   
Downtrend in EUR/USD appears to "have paused for now" after pair touched 4-year low yesterday, says Bank of NZ Strategist Mike Jones. Pair last 1.2394. But given concerns over euro-zone sovereign debt crisis "wouldn't be surprised to see further falls this week" although notes speculative investors currently hold largest net short EUR position on record.

Belgrade AS 20:50 GMT May 17, 2010
is it over?

eurusd gave reversal signals(even signs for sharp reversals) with every new low it printed but it never happened,as you know...fancy techs aside,i want to know:
what,who why,when,where...

Clearwater EW 20:38 GMT May 17, 2010
bgp/usd
Reply   
Sell GBPUSD
Entry: 144.800 Target: 140.000 Stop: 146.800

Any comments or suggestions?

GVI Forex Blog 20:37 GMT May 17, 2010 Reply   
The euro rallied from a four-year low against the dollar on Monday, helped by a turnaround in stocks late in the session which temporarily offset fears that euro zone austerity measures could trigger a downturn in the region.

FOREX NEWS - Euro rises from 4 yr-low vs dollar; sentiment still down

Syd 20:36 GMT May 17, 2010
Fed-Funds Futures See Slim Odds 2010 Tightening
Reply   
Fed-funds futures retain relatively low odds for autumn/yr-end funds rate increase. Nov prices in 24% chance for FOMC to raise funds rate to 0.5% at Nov. 2-3 meeting, unchanged from Fri, and down from 30% chance at Thurs' settlement. Jan '11 contract sees 46% chance for 0.5% rate after Dec. 14 FOMC meeting, down from 50% chance Fri, and 58% chance Thu.

GVI Forex Blog 20:23 GMT May 17, 2010 Reply   
20:00 GMT- May 17 (global-view.com) The EUR has now stabilized vs. the USD and JPY after trading lower earlier in the session. Comments out of the EU today suggested that the EU does not mind seeing the common currency weaken vs. the USD. The EU has no shortage of officials making comments.

Daily GVI Forex Forex View- EURUSD Rebounds

GVI Forex Blog 20:18 GMT May 17, 2010 Reply   
Another day of risk-averse behaviour, albeit in a milder form, with commodities the main sufferer on concerns European debt crisis contagion could slow the global economy.

Forex Blog - Morning Report (Trade the News)

Syd 20:15 GMT May 17, 2010
NZD/USD May Head Back Toward 0.7000 On Demand-ANZ
Reply   
NZD/USD came under heavy pressure overnight "as it played catch up with the moves of the EUR and AUD," says ANZ Bank. Pair last 0.6958 vs 0.7000 late yesterday, touched 0.6918 overnight, lowest since early March. On day, "moves should be considerably less as the lower level begins to bring out underlying demand." Adds extension back towards 0.7000 will be assisted by moves in EUR. Local 1Q PPI data unlikely to have much influence. Tips a range of 0.6920-0.7020

GVI Forex Blog 20:09 GMT May 17, 2010 Reply   

Stocks under Pressure; Traders Worried about Future Earnings

GVI Forex Blog 20:08 GMT May 17, 2010 Reply   

Regaining “Lehman Low” could Trigger Euro Short-Covering

lkwd jj 20:03 GMT May 17, 2010
GVI Forex Trading Support

but the yields were working in tandem with the fxmkt as it dropped from higher levels. now what your saying is mkt getting nervous and therefore spread came in vs euro spreads thats why its diverging?

GVI Forex john 20:00 GMT May 17, 2010
GVI Forex Trading Support

jj- Its not just where the rates have moved but why. U.S. 10-yr rates are a reflection of USD strength (flight to safety demand), not a slowing economy which "normally" might have been the case.

lkwd jj 19:53 GMT May 17, 2010
GVI Forex Trading Support

JOHN what sticks out in my eyes on the 2-10 spreads in the euro spread has just popped up and might signal begining of the end of trend down at least short term. the other is how usdjpy yields are narrowing but the pair hasent follwed ...yet. what do you think?

Prague Viktor 19:51 GMT May 17, 2010
is it over?
Reply   
Buy
Entry: Target: Stop:

do we saw the Eur low for this year???

G/L G/T

london red 19:50 GMT May 17, 2010
euro
Reply   
fwiw price action and setup on hourly chart very similar to what we had a week ago on friday 7th. Of course not suggesting same rhetoric will come out as then, but we might get a similar maybe less pronounced move should we take out the 50 day on the hourly

lkwd jj 19:47 GMT May 17, 2010
jpy

rana i sold 13398. lets see what happens when boj sells yen, or did you change your mind?

Belgrade AS 19:45 GMT May 17, 2010
EUR/USD 1.2777

Jay,i've been building this eurusd long possition for a while out of conviction it will turn around(i'm holding 4 pairs of longs=8% of my standard size equity)...sooner or later...right now i understand that even euro officials want to see it @ 1,10...and they seem to wanna do it quickly...at the same time,letting go with massive losses is out of question for me.
btw,my risk is covered @ 1,2350(aprox)...below there-i start losing

GVI Forex Jay 19:33 GMT May 17, 2010
EUR/USD 1.2777

AS, I am not sure what positions you have on that are a "mess." Can you elaborate.

Belgrade AS 19:20 GMT May 17, 2010
EUR/USD 1.2777



i have a confecion to make:
friday night i reported that i took off my gbpjpy and moved eurusd stops accordingly...well after signing off (before turning off my platform) i changed my mind!with audusd and nzdusd shorts free-falling and audchf looking strong enough to bail out of trouble on its own,I REMOVED STOPS ENTIRELY!(ex.1,2625 entry that was stoped out by my own mistake...left sl only for that one ....by mistake)
as the last bull standing(bruised and hurt,but still standing!) i would like to ask for any schoolar oppinion what is the best way to get out of this mess?
tia

GVI Forex john 19:13 GMT May 17, 2010
GVI Forex Trading Support


The Daily Forex View

EURUSD Rebounds

20:00 GMT- May 17 (global-view.com) The EUR  has now stabilized vs. the USD and JPY after trading lower earlier in the session. Comments out of the EU today suggested that the EU does not mind 

MORE



tokyo rana 19:06 GMT May 17, 2010
jpy

Sell GBPJPY
Entry: 134.100 Target: 133.100 Stop: open

now short avg 133.800 target only 70pips....
than same entry for long no change 133.100 target 140plus...
happy trade,

Belgrade TD 18:47 GMT May 17, 2010
euro

*** correction NZD/USD at 0.6950

Belgrade TD 18:46 GMT May 17, 2010
euro

add long AUD/USD at 0,8725 ... add long NZD/USD at 0,6920 ... lovering entry for long-term ...

Belgrade AS 18:29 GMT May 17, 2010
Flash Crash

yaeh,yeah,yaeh...so many experts on HFT...all the sudden!...few weeks ago when i excused myself for staying at work longer(shame on me!)...same copy/paste experts had to "google" thier "high frequency trading"...came up with nothing,if i remember well.

NYC ET 18:21 GMT May 17, 2010
correlation
Reply   
stocks or fx -- take your pick which is leading

london mea 18:18 GMT May 17, 2010
jpy

was joking. You are welcome to keep posting as much as you wish and no harm meant

tokyo rana 18:15 GMT May 17, 2010
jpy

today total only 175pips plus not bad monday...not bad start of week.....
good night.........................

tokyo rana 18:12 GMT May 17, 2010
jpy

Buy GBPJPY
Entry: 133.100 Target: open Stop: open

i have set here long entry...
short target 40pips only......
ithink tokyo session will be see low around 132.800 to 133.100...

better sleep now....
happy trade,

tokyo rana 18:03 GMT May 17, 2010
jpy

Sell GBPJPY
Entry: 133.500 Target: 133.00 Stop: open

london mea,
im going to stop posting for u be happy......




JJ, long closed with only 55pips plus entry 132.95 close @ 133.500....not bad day over all...
now going short than again long....
happy trade,

london mea 17:54 GMT May 17, 2010
jpy

with more pairs you will post even more oh oh oh

tokyo rana 17:46 GMT May 17, 2010
jpy

next week my broker going to add 3 more pair...
any one trade in these pair?
audusd sgdjpy hong kong $ jpy?
iknow many peoples trading audusd...
any advise for these pairs...
happy trade,

Belgrade TD 17:42 GMT May 17, 2010
Flash Crash

...it's Uncle ($)Scrooge (Donald Duck $$ family) :)))

tokyo rana 17:38 GMT May 17, 2010
Flash Crash

PAR,
wat ever it was wonderful...
imade some money on that thursday which is nice for me....
why u so much care?

PAR 17:35 GMT May 17, 2010
Flash Crash

Someone must have made a gigantic profit in 10 minutes .
More than $1 billion in just ten minutes.

Richmond Dennis 17:21 GMT May 17, 2010
Flash Crash

Basically what happened is one HFT shop - of which there are hundreds in varying sizes - pulled the trigger by closing out all open positions which triggered a nearly simultaneous response by other "liquidity" providers. In other words a black swan domino effect as there were no supporting bids under the market.

For more see this article: All You Need To Know About HFT: "Sell Everything, And Shutdown"; 4 Years Without A Loss

tokyo rana 17:21 GMT May 17, 2010
jpy

lkwd jj,as expected gbpjpy going up...
my guess close near 134 and continue tomorrow up...
happy trade,

nyc ws 17:19 GMT May 17, 2010
mindless trading
Reply   
Mindless super sensitive forex and equity correlation

Belgrade TD 17:16 GMT May 17, 2010
Crude oil accumulation

... in the meantime, the fourth long order executed at $69.55 ... avg $71,10

lkwd jj 17:11 GMT May 17, 2010
Flash Crash

wash out all usdjpy longs before we go to 100?

GVI Forex Blog 17:08 GMT May 17, 2010 Reply   
Resumption of medium-term uptrend

ImperialFXonline: Daily USD/CHF Trading Strategy

GVI Forex Blog 17:04 GMT May 17, 2010 Reply   
Minor consolidation above 1.2234

ImperialFXonline: Daily EUR/USD Trading Strategy

tokyo rana 17:03 GMT May 17, 2010
Flash Crash

idonot believe it was miss...it was plan...happy trade,

Syd 17:02 GMT May 17, 2010
SNB: Swiss Franc Strength A Problem
Reply   
The current strengthening of the Swiss franc jeopardizes an economic recovery and price stability in Switzerland, but the central bank is ready to act, SNB President Hildebrand said Mon. Past crises have shown the SNB can react flexibly and assertively, Hildebrand told a business audience, noting the central bank will continue to do so in light of the debt concerns of the euro zone

Belgrade TD 17:01 GMT May 17, 2010
Flash Crash

agree ... "advanced" AI ...

PAR 17:01 GMT May 17, 2010
Flash Crash

Officially nobody knows what happened. It is still a complete mystery. Universa Investments, Citigroup, Waddell & Reed etc.

GVI Forex john 16:58 GMT May 17, 2010
Flash Crash

PAR- Not sure what you are saying. As far as I can tell there were no "fat fingers", just computers which for some reason pulled all their bids at once.

PAR 16:52 GMT May 17, 2010
Flash Crash
Reply   
Another Flash Crash coming due to Euro weakness or another flash crash coming due to " fat fingers ". Ten days after the " Flash Crash " still nobody knows what happened. Scaring.

GVI Forex Blog 16:49 GMT May 17, 2010 Reply   

Stocks Rebounding after Early Overnight Weakness

GVI Forex Blog 16:48 GMT May 17, 2010 Reply   

Euro Breaks “Lehman Low”

lkwd jj 16:30 GMT May 17, 2010
jpy

short gbp again 14407.s2 is 14416 should hold topside with stox on skids again.

Aruba Tino 16:28 GMT May 17, 2010
now or never

hey euroqueen, will a prince named TINO be good enough for you?

PAR 16:21 GMT May 17, 2010
Us stock markets
Reply   
Obscure hedge fund planning to sell 50.000 S & P mini contracts ?

Belgrade AS 16:19 GMT May 17, 2010
gbpjpy

grow up guys!would you be suprised if you read (in few weeks/months)about evidence that euro-saving CBs(SNB,ECB,PBOC,FED...etc) offloaded excesive quantities of eur through eurjpy last week("12th sigma event")..."fat finger" my arse!...in the short run,it is same as selling their own ccy for juppy(diversifing reserves)...they only did it through eur(helping it out,short-term!)
grow up,after 10 lost years BOJ KNOWS this game too well when to "limp"(act as weak)...when to show strength...while we're still learning the rules of it!

EU THE EURO QUEEN 16:16 GMT May 17, 2010
now or never
Reply   
Buy EURUSD
Entry: Target: Stop:

its the time to long the EURO

happy trade

tokyo rana 16:16 GMT May 17, 2010
jpy

lkwd jj,
thursday wensday buy yen......
iwant higher entry.....
im sure usdjpy and gbpjpy go up from here...
im not short here scarey here buy level still as we bounce from 131.....
this is scarey ithink gbpjpy can go 140plus still bfore any low....
ithink need time for go down...

iwill pray for ur shorts....
happy trade,

lkwd jj 16:10 GMT May 17, 2010
jpy

rana yen below 9150 will get very ugly fast.

Aruba Tino 16:08 GMT May 17, 2010
eurusd
Reply   
eur long full size. After today's close will decide further

lkwd jj 16:07 GMT May 17, 2010
jpy

out at 79 from 99. 20pips for lunch money.

lkwd jj 16:05 GMT May 17, 2010
jpy

we might see 130. today yet. mkts started off on back foot.

HK JC 16:04 GMT May 17, 2010
DOW
Reply   
what happen, DOW suddenly fall accerlately

GVI Forex Blog 16:04 GMT May 17, 2010 Reply   
Price action on GBP/USD, a daily chart of which is shown, has continued its bearishness from last week, when price reached down to hit its expected 1.4500 downside target at the close of the week.

Chart of the Day - 5/17/2010 – GBP/USD

lkwd jj 16:02 GMT May 17, 2010
jpy

trailing stop by 20 pips as busy with gbpjpy . double gbp exposure a bit risky for me.

lkwd jj 15:52 GMT May 17, 2010
jpy

shorting gbp on break below figure.

tokyo rana 15:31 GMT May 17, 2010
jpy

im keep saying im sure we donot go down from here now....
1st ret than go down....
buy ok gbp short term....
ihave no fear to buy gbp but position size is small..
happy trade,

GVI Forex Blog 15:31 GMT May 17, 2010 Reply   
US equities opened more or less unchanged but have since drifted lower in the wake of a 5% decline in the Shanghai composite. The slight bounce in European equity markets seems to be wearing off as they head for the closing bell.

Forex Blog - US Market Update (Trade the News)

tokyo rana 15:28 GMT May 17, 2010
jpy

lkwd jj,
idonot think we go tomuch low today...
offcourse long term buy yen 1000%....
133 still very safe for buy as long 130 support is hold...

happy trade,

lkwd jj 15:25 GMT May 17, 2010
jpy

long again? long yen make money short yen lose.

Saar KaL 15:25 GMT May 17, 2010
red is on way

tgt
gbpjpy 130.6

eurjpy less then 111.9
cable < 1.42

dji 10,439

gl

tokyo rana 15:22 GMT May 17, 2010
jpy
Reply   
Buy GBPJPY
Entry: 132.95 Target: open Stop: open

short closed with 55pips plus...
now long......happy trade,

GVI Forex Blog 15:20 GMT May 17, 2010 Reply   
May 17 (global-view.com) The consensus outlook on where the EURUSD will close on Friday, May 21 in Europe was less uniform than it has been in recent weeks. The responses on the pair favored little net change over the week with the vast majority looking for a close between 1.2200 and 1.2400.

SNAP GVI Forex Professional Trader Forex Survey Results- 17 May 2010

Saar KaL 15:19 GMT May 17, 2010
red is on way
Reply   
shorts gbpnzd here
tgt < 2.03
very clear

gbpaud short wil add more
1.61 tgt
no worries will be fine

eurusd less then 1.21 next day

tokyo rana 15:18 GMT May 17, 2010
gbpjpy

Europe Theorist,
idonot know...
that was big news in japan last week 18may boj buy usd and sale yen.....
lets see tomorrows price action and tell everything...
happy trade,

nyc ws 15:18 GMT May 17, 2010
gbpjpy

I am sure it is losing something in the translation. BoJ would not pre-announce intervention.

Europe Theorist 15:14 GMT May 17, 2010
gbpjpy


The suggestion that the BOJ would or have given a heads up to the market with regards to selling/buying yen seems a little bit far fetched. They have never done so before so why would they inform mkt well in advance now?? are you sure thats what you have read or interpreted??

tokyo rana 15:13 GMT May 17, 2010
gbpjpy

http://www.boj.or.jp/en/index.htm

Belgrade TD 15:13 GMT May 17, 2010
gbpjpy

http://www.boj.or.jp/en/

lkwd jj 15:13 GMT May 17, 2010
gbpjpy

dow falling again . hard hat time possible.

tokyo rana 15:11 GMT May 17, 2010
gbpjpy

Belgrade TD,
iknow for translate excite.com good but problem is that where they wrote about selling yen need to find all in japanese icannot read japanese...
happy trade,

Belgrade TD 15:08 GMT May 17, 2010
gbpjpy

for translation Japanese -> English
http://translate.google.com/ and Copy/Paste URL

tokyo rana 15:08 GMT May 17, 2010
gbpjpy

nyc ws,
thanx for info...
idonot know wat is going on inside...
but i heard this news 18may boj sale yen...
happy trade,

Tampa DPT 15:06 GMT May 17, 2010
trade
Reply   
Sell EURUSD
Entry: 1.2348 Target: open Stop: 1.2416

I think the rally is over for today?? And the pair will decline slowly the remainder of the day. Any thoughts?

GVI Forex Blog 15:03 GMT May 17, 2010 Reply   
May 17 (global-view.com) UPCOMING DATA HIGHLIGHTS: Tuesday will see no major data. In Europe, an active calendar is seen. U.K. CPI reports are key. German ZEW data are closely followed.

GVI Forex- Data Outlook for May 18, 2010

tokyo rana 15:02 GMT May 17, 2010
gbpjpy

maybe boj home page only in japanese iwill translate and post tomorrow...now my friends sleeping they know japanese...


tokyo ginko you know japanese?

happy trade,

lkwd jj 15:01 GMT May 17, 2010
gbpjpy

closed 82 @ 48.still holding shorts.

nyc ws 15:00 GMT May 17, 2010
gbpjpy

Rana BoJ selling jpy is not a news event. I am sure MOF is in the market all the time either through the BoJ or back door through some entity like Kampo trying to slow the jpy rise.

lkwd jj 14:59 GMT May 17, 2010
gbpjpy

boj homepage? can you post link if in english? i cant read japanese.

GVI Forex john 14:59 GMT May 17, 2010
GVI Forex Trading Support

May 17 (global-view.com) UPCOMING DATA HIGHLIGHTS: Tuesday will see no major data. In Europe, an active calendar is seen. U.K. CPI reports are key. German ZEW data are closely followed. EZ trade and inflation data are slated as well. In North America, the U.S. will release PPI, Housing Starts/Permits and weekly API data.

 

 

TUESDAY

 

 

8:30

UK

CPI yy Apr

3.50%

3.40%

8:30

UK

RPI-X Apr

4.90%

4.80%

9:00

DE

May ZEW Cond

-33

-39.2

9:00

DE

May ZEW Sent

60.5

53

9:00

EZ

Mar Trade EURb

4.8

2.6

9:00

EZ

Apr HICP yy

1.50%

1.40%

9:00

EZ

Apr HICP x-f&e yy

0.08%

0.90%

12:30

US

Apr PPI

0.10%

0.70%

12:30

US

Apr PPI core

0.10%

0.10%

12;30

US

Apr House Starts k

645

626

12:30

US

Apr Bldg Permits k

679

685

20:30

US

API Energy

n/a

n/a



tokyo rana 14:58 GMT May 17, 2010
gbpjpy

boj comment not much efect long term getting strenth only they sale yen so nice ret we will see this week...
im waiting for nice entry to short gbpjpy long term in few week ithink gbpjpy test 118 historical low for sure...
happy trade,

jerusalem kb 14:55 GMT May 17, 2010
buy gbpusd
Reply   
Buy GBPUSD
Entry: 1.4442 Target: 1.4530 Stop: 1.4380

bought for target

tokyo rana 14:50 GMT May 17, 2010
gbpjpy

lkwd jj,boj tomorrow sale yen....huge amount ithink....
look boj home page....im saying about boj from last week that why im long....
happy trade,

lkwd jj 14:48 GMT May 17, 2010
gbpjpy

boj sellimg yen? why is that? how much? does everybody know about it?

tokyo rana 14:46 GMT May 17, 2010
gbpjpy

today enough recovery if close between 133.5 to 134....
moring was gbp so weak...
tomorrow ithink go up when boj sale yen my guess...
happy trade,

tokyo rana 14:43 GMT May 17, 2010
gbpjpy

lkwd jj,surely not today above 134.500...

play the range 132 possible...
happy trade,

lkwd jj 14:39 GMT May 17, 2010
gbpjpy

short again 133.81. needs to go above 13447 to change tone for the day

GVI Forex Jay 14:29 GMT May 17, 2010
EUR/USD
Reply   
Contact me by EMAIL for a free GVI Forex and/or TTN trial

GVI Forex Jay 14:27 GMT May 17, 2010
eur/usd: Reply
Euro dipped on first part and then recovered when concern over pace was mentioned.

Monday, May 17, 2010 10:25:37 AM
Euro vs US Dollar (EU) EuroGroup's Juncker: Not concerned over the Euro exchange rate; concerned over pace of the decline (TTN)

tokyo rana 14:25 GMT May 17, 2010
gbpjpy

dear Europe Theorist,
thank you.....
ur long or short today?
dinner time so iwill have tea....
happy trade,
goodluck...

Europe Theorist 14:23 GMT May 17, 2010
gbpjpy

TOKYO RANA.. gotta love you guy! I'm posting my joke from earlier just for a laugh again...

Guys can you imagine taking Tokyo Rana out for a drink...

Ok what would you like...

give me a Beer... no wait.. a beer with a tequila shot... no no wait let me see ah yes ... Vodka with a shot of beer on the side ...No No wait ... Hmmm Ah yes .. a Vodka with with a dash of tequila in it... and a beer with ice... No No wait I know... Vodka, no ice.. and a teqila slammer.. .. yes yes thats it... Thanks

No NO wait I know... give me a glass of water .. hold the ice

lkwd jj 14:22 GMT May 17, 2010
gbpjpy

adding to loser can be very bad for health of account .....

tokyo rana 14:21 GMT May 17, 2010
gbpjpy

going to short more @ 134 than avg 133.75 not bad...happy trade,

Lahore FM 14:16 GMT May 17, 2010
Trade Ideas

yep,these can be very useful and profitable too.

thanx!will look into possiblities here too

tokyo rana 14:14 GMT May 17, 2010
gbpjpy

lkwd jj,cool cool....
thanx for post..
if im lucky than get quick 150pips...
gbpjpy moving between 132.800 to 134.255.....
over all iwant go long this week and maybe next week....
happy tradde,

lkwd jj 14:10 GMT May 17, 2010
gbpjpy
Reply   
rana 13428 50ma on hourly. resistance level. i sell 13372 covered 13351.

Europe Theorist 14:08 GMT May 17, 2010
Trade Ideas

Lahore FM.. they also have the UltraShort Yen.. YCS which provides some great opportunities given our above average insight (cough cough splutter) into currencies.

I'm chatting with the guys there about a pacific class Short...

tokyo rana 14:05 GMT May 17, 2010
jpy

Buy GBPJPY
Entry: 133 Target: 135 to 145 Stop: open

gbpjpy long closed 1pips plus...
eurjpy long closed 30pips plus,
now short gbpjpy 133.500 target 50pips than again long....
happy trade

Lahore FM 14:02 GMT May 17, 2010
Trade Ideas

Theorist thanx i have read the post regarding this special etf and seen the link too.thanx for the idea!

SF amc fx 14:00 GMT May 17, 2010
EUR-USD
Reply   


EUR-USD -waves

NYC ET 13:59 GMT May 17, 2010
correlation
Reply   
US stocks are not cooperating with gains in Europe but it is early in the day.

Europe Theorist 13:58 GMT May 17, 2010
Trade Ideas


Lahore FM.. posted something you might be interested in earlier with respect to an ETF Ive been doing very well on... NYSE EUO... double down EURUSD ETF... use it to hedge my EURUSD positions sometimes .. check symbol out on morningstar or NYSE

Europe Theorist 13:55 GMT May 17, 2010
Trade Ideas

Yeah I know.. but have and hold the faith in you and the pair... >saw my censored with Gold today ... so pissed with it ...<

Lahore FM 13:53 GMT May 17, 2010
Trade Ideas

Theorist,the entry you made not an ideal one but may still work!

Europe Theorist 13:51 GMT May 17, 2010
Trade Ideas

Buy AUDJPY
Entry: Target: Stop:

Going with your suggestion Lahore FM..quite like it...Cheers M'Dear

Long AUDJPY @ 81.60

GVI Forex john 13:51 GMT May 17, 2010
GVI Forex Trading Support

Data @ 14:00 GMT

NAHB Index: see 20 vs. 19


The NAHB index is the result of a survey of a number of home builders. It is a measure of demand for new homes. The index runs from 0-100. A result of 50 would mean that demand for new homes is average.

GVI Forex Blog 13:48 GMT May 17, 2010 Reply   
US$ Libor at multi-month highs on jitters EUR off further SNB to slow intervention? China yuan forwards move the other way

Forex Market Commentary and Analysis (17 May 2010)

tokyo rana 13:44 GMT May 17, 2010
jpy

still hold long......

when everyone think gbp is bullish than start short is best....
for time being long is good idea...
nice sharp move....
when was going down it was slow move....happy trade,

Gen dk 13:37 GMT May 17, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

GVI Forex Jay 13:36 GMT May 17, 2010
EUR/USD
Reply   


As posted on GVI Forex:

GVI Forex Jay 13:31 GMT May 17, 2010
eur/usd: Reply
1.2420 = 1 hour trendline (see chart) and also 61.8% of 1.2535-1.2234

Request a free trial for GVI Forex

Melbourne Qindex 13:32 GMT May 17, 2010
AUD/JPY : Current Comments
Reply   
AUD/JPY : As shown in the monthly cycle charts the market is under pressure when it is below 81.75.


AUD/JPY : Monthly Cycle Charts
http://www.qindex.com/aud-yen.html

Lahore FM 13:11 GMT May 17, 2010
Trade Ideas

Buy AUDJPY
Entry: 80.48 Target: 95.00 Stop: 78.40

05/17/2010 04:16:38 FM Lahore 7

Buy AUDJPY
Entry: 80.48 Target: 95.00 Stop: 78.40
long now.

--
took a small bite for 1/4th of the long for 100 pips at 81.48.stops remain as before for now.

GVI Forex john 13:07 GMT May 17, 2010
GVI Forex Trading Support

P.S. re below, I find the Japanese data puzzling.

GVI Forex john 13:06 GMT May 17, 2010
GVI Forex Trading Support



Personally, I think this is an important chart we post weekly. Like others, I used to complain that the data were too old until I started following them. In fact, the data don't change a lot on a week to week basis. What you have to look at more is the percentage long or short number. What it tells you is if the market is overbought, oversold or mixed. Arbitrarily, we say 80% long or 80% short (20% long) is in over bought/sold territory.

Thus while we remain bearish on the outlook for the EURUSD pair, the EUR/USD reading of 21% for the past two weeks suggests strong POTENTIAL EUR demand should the market decide to short cover if there is a trigger.

Additional thoughts encouraged.

sofia kaprikorn 13:05 GMT May 17, 2010
short term trading

sofia kaprikorn 09:07 GMT May 17, 2010
Buy EURUSD
long 1.2281/88 -- stop 1.2235
.......
added 1/2 at 1.2344
........
2-nd add at 1.2333
______________________________
squared the position at 1.2357/59

Singapore stan 12:47 GMT May 17, 2010
EURUSD

Sell EURUSD
Entry: 1.2375 Target: 1.2250 Stop: 1.2410

Trying to build a more defensible selling position. Market seems to have a profit-taking mentality today.

gl+gt

Singapore stan 12:43 GMT May 17, 2010
EURUSD

Buy EURUSD
Entry: Target: Stop:

Have to take fast profits here. Will enter another sell order.

sofia kaprikorn 12:35 GMT May 17, 2010
short term trading

sofia kaprikorn 11:31 GMT May 17, 2010
short term trading : Reply
sofia kaprikorn 09:07 GMT May 17, 2010
Buy EURUSD
long 1.2281/88 -- stop 1.2235
.......
added 1/2 at 1.2344
........
2-nd add at 1.2333

Varna GV 12:32 GMT May 17, 2010
oil
Reply   
Sell Crude
Entry: Target: Stop:

Uranus enters Aries on 27 th of May, think we have seen the high for oil for 2010, think the oil going down 50 is target!!!
Good luck for all!!

GVI Forex john 12:32 GMT May 17, 2010
GVI Forex Trading Support

Empire PMI 19.1

BRIS 12:27 GMT May 17, 2010
GBPUSD
Reply   
Sell GBPUSD
Entry: Target: Stop:

Short GBPUSD EURUSD EURJPY

GVI Forex Blog 12:21 GMT May 17, 2010 Reply   

FX Thoughts for the day : 17-May-2010 - 1219 GMT

Belgrade TD 12:05 GMT May 17, 2010
Crude oil accumulation

... third orders executed at 70,55 (during Tokio) ... avg. 71,62

Lebanon 11:59 GMT May 17, 2010
jpy

Great ..
I missed it :)

Goodluck

GVI Forex Blog 11:59 GMT May 17, 2010 Reply   

Market Briefing: European Session

Singapore stan 11:56 GMT May 17, 2010
EURUSD
Reply   

Entry: 1.2358 Target: 1.2250 Stop: 1.2385

Hope this works overnight!

gj+gt

tokyo rana 11:47 GMT May 17, 2010
jpy

lebanon dear,
again my guess ok...
happy trade,

tokyo ginko 11:47 GMT May 17, 2010
long eur/usd at 1.2437

b/e 1.2355,

take profit at your own discretion.

GT all

Melbourne Qindex 11:42 GMT May 17, 2010
EUR/USD : Current Comments

EUR/USD : The market may be rejected from the barrier at 1.2351 //1.2371.

Amman wfakhoury 11:32 GMT May 17, 2010
gbpjpy 13550 Profitmaker alert
Reply   
gbpjpy is heading 135.50 unless it breaks 133.20 to down and keeps below it.

sofia kaprikorn 11:31 GMT May 17, 2010
short term trading

sofia kaprikorn 09:07 GMT May 17, 2010
long 1.2281/88 -- stop 1.2235
.......
added 1/2 at 1.2344

HK [email protected] 11:29 GMT May 17, 2010
AUS/USD likely to 0.8850
Reply   
a

GVI Forex Blog 11:29 GMT May 17, 2010 Reply   
European traders anticipate the German ZEW Economic Sentiment.

Forexpros Daily Analysis - 17/05/2010

Melbourne Qindex 11:27 GMT May 17, 2010
EUR/CAD : Current Comments
Reply   
EURCAD
Entry: Target: Stop:

EUR/CAD : The market is working on the barrier at 1.2603 // 1.2870. The bias is on the downside when the market is below 1.2779.

GVI Forex Jay 11:08 GMT May 17, 2010
EUR/USD
Reply   
I posted this earlier (extract from full post) on GVI Forex

... EUR/USD resistance is clear at 1.2331, the initial Far East low and also major support broken overnight. The bounce just now held just below this level. Upside limited while below 1.2331, above this level would cool the pressure....

Melbourne Qindex 11:02 GMT May 17, 2010
EUR/AUD : Current Comments
Reply   
EUR/AUD : The market is going to consolidate within the weekly cycle matrix system at 1.3788 - 1.3990 - 1.4061.

tokyo rana 10:53 GMT May 17, 2010
jpy

Lebanon,
maybe possible.......
im not sure today anything possible....
tomorrow shud go up...
happy tradde,

Lebanon 10:49 GMT May 17, 2010
jpy

I think its going to 112. before , dont you think that ?

GVI Forex Blog 10:49 GMT May 17, 2010 Reply   
The euro slid to a four-year low on Monday on sovereign debt worries and fears that planned belt-tightening measures will hurt euro zone growth, fuelling concerns the single currency may face free-fall.

FOREX NEWS-Euro tumbles to 4-year low on debt, growth worries

GVI Forex Blog 10:46 GMT May 17, 2010 Reply   
Th focus of the new coalition government – the first in over 70 years - has been made crystal clear: lowering the budget deficit and reversing the rise in debt. The parties agreed that tackling the

Economics Weekly - Budget deficit is focus of new UK government; Weekly economic data preview - Data to show recovery remains on track

Lebanon 10:34 GMT May 17, 2010
Euro/Usd

Yes u're right .. iwish today will be better chance .
Goodluck

tokyo rana 10:32 GMT May 17, 2010
Euro/Usd

Lebanon,
u made misstake isaid gbpjpy will give u profit...
good luck...

Ath. L.K. 10:31 GMT May 17, 2010
Eur/Gbp
Reply   
Buy EURGBP
Entry: 0.8545 Target: 0.87 Stop: 0.8480

Lets see...

Good Luck!

tokyo rana 10:30 GMT May 17, 2010
jpy

Buy EURJPY
Entry: 114 Target: open Stop: open

this seems more better than gbpjpy and usdjpy so far...happy trade,

Lebanon 10:29 GMT May 17, 2010
Euro/Usd

Oh in friday i closed it with lose .. it was bad day for me , i losed by gbp/jpy and by eur/usd ..

tokyo rana 10:27 GMT May 17, 2010
Euro/Usd

Lebanon,
im fine thanx...
just little un lucky but its ok...
and im in plus even though little...
im asking about short gbpjpy on friday?how was ur friday short position which u had?
happy trade,

Lebanon 10:25 GMT May 17, 2010
Euro/Usd

Greetings Rana ,

I am fine thanks what about you ?
Well i am not into any position yet , still waiting a good signal to enter ..

Goodluck

tokyo rana 10:23 GMT May 17, 2010
Euro/Usd

Lebanon,
how are you?
how was ur gbpjpy shorts?
made some money?
im just 70 pips plus closed position...
good luck.

GVI Forex Blog 10:15 GMT May 17, 2010 Reply   
10:00 GMT- May 17 (global-view.com) Looking at EUR values to start the new week, it is striking that it is mainly weaker vs. the USD and JPY and more or less steady on other major trading crosses. While we are convinced that the EU does not mind seeing the common currency weaken vs. the USD, we do think that the pace of its decline and what psychologically its weakness says about confidence in the common currency may be a concern

Daily GVI Forex Forex View- EURUSD on Defensive

GVI Forex Blog 10:13 GMT May 17, 2010 Reply   
The bearish sentiment continues to pressure the Euro against the US dollar as various comments throughout the weekend from UBS analysts which saw the Euro declining to $1.10 in 2011 and Barclay's analysts see currency falling at $1.20 in a mere 3 months.

(EU) European Market Update: European financials pare some of Friday's losses, while peripheral spreads continue to widen (Trade the News)

Gen dk 10:11 GMT May 17, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Lebanon 10:10 GMT May 17, 2010
Euro/Usd
Reply   
Sell EURUSD
Entry: 1.2350 Target: 1.2250 Stop:

GoodLuck

GVI Forex john 10:08 GMT May 17, 2010
GVI Forex Trading Support
Reply   


The Daily Forex View

EURUSD on Defensive

10:00 GMT- May 17 (global-view.com) Looking at EUR values to start the new week, it is striking that it is mainly weaker vs. the USD and JPY and more or less 

MORE



Saar KaL 09:58 GMT May 17, 2010
placed more orders

cable
eurjpy gbpjpy more like short at mkt now

HK JC 09:46 GMT May 17, 2010
GBP sell your mother
Reply   
The plunge through 1.4475 (probably influenced by my early article that it will break 1.4000 haha) and then below the support region 1.4395-40 was a very bad omen.

Market sentiment on GBP is now extremely pessimistic. I cannot see the sentiment changes in the short time coming. The negative theme at the weekend and ended the week in sadness has eradicated any constructive recovery tone.

The threat is now down to the 1.4110 support, with 1.4000 psychological level ahead of 1.3850 chart level.

Only if it goes back up to 1.5055 then it may signal a more resilient recovery.

Strategy is to “SELL ON RALLY” between 1.4475- 1.4500, target 1.4120, stop 1.4640

Also take note of this morning’s top 1.4545, it will be top.

Saar KaL 09:46 GMT May 17, 2010
placed more orders

gold from 1225 to 1251
just buy and hold

GVI Forex Blog 09:41 GMT May 17, 2010 Reply   
The Reserve Bank of Australia rose interest rates for the sixth time in seven meetings on May 4, raising the cash rate to 4.5%, which is 150 basis points above the recent low of 3% seen in mid-2009...

Market Focus Report: RBA May meeting minutes may contain clues of an upcoming rate pause

Saar KaL 09:40 GMT May 17, 2010
placed more orders

eurusd to be exact 1.2366 to 1.2189
gl

tokyo rana 09:40 GMT May 17, 2010
jpy

tokyo ginko,
usdjpy closed...
maybe again long below 92...
gbpjpy have still thinking short or not...
maybe long is better bcoz to many peoples shorting...
happy trade,

Syd 09:38 GMT May 17, 2010
HEARD ON THE STREET: China's Currency Chance
Reply   
Out of chaos, a potential win-win for Beijing is emerging. Market turmoil originating in Europe could give China a chance to act on the yuan without much of a sacrifice.

Europe's woes could give China a decent opportunity to act on the yuan without having to give too much ground, especially as global pressure on Beijing to make some sort of move picks up again.

For sure, the dramatic market moves are bolstering one argument put forth by Chinese policymakers: Preserving the status quo --an effective peg to the U.S. dollar-- is China's best contribution to the global economy right now. With Asian markets down sharply Monday, and the euro and sterling sliding, there's enough volatility to go around without having to worry about how much or how quickly the yuan might rise.

Saar KaL 09:37 GMT May 17, 2010
placed more orders

usdchf 1.1490 next day or us close
from 1.1350

tokyo ginko 09:37 GMT May 17, 2010
jpy

hey Rana, still have your usd/jpy position?

tokyo rana 09:36 GMT May 17, 2010
jpy

usdjpy long close no lost...
now thinking gbpjpy long close and short little 133.600...
happy trade,

Saar KaL 09:33 GMT May 17, 2010
jpy

eurjpy 114.2 to
111.8

Saar KaL 09:28 GMT May 17, 2010
jpy

130.20 tgt from here

Saar KaL 09:19 GMT May 17, 2010
placed more orders

sp500 short

Tokyo JT 09:13 GMT May 17, 2010
DJ Frayed Nerves Keep Yen Bears At Bay

Yes it will eventually...To be more specific, it will when people are bored reading this.

Oh, no! Maybe in 2 days we're heading back to 94 Yen.
I am betting on this anyway... Let's see

tokyo rana 09:09 GMT May 17, 2010
jpy

Sell GBPJPY
Entry: 135 to 137 Target: 119 to 116 Stop: open

maybe iwill short from here......

look makeet want test 118 sooner than later....


no hope for rurther rise...
lets see happy trade,

sofia kaprikorn 09:07 GMT May 17, 2010
short term trading
Reply   
Buy EURUSD
Entry: Target: Stop:

long 1.2281/88 -- stop 1.2235
targets around 1.24

Syd 08:56 GMT May 17, 2010
JPY Seen Well Supported For Now - Credit Suisse
Reply   
The JPY should be well supported for now as front-end yields in the US and Europe remain very low, says Credit Suisse. Sees a possibility that the BOJ will extend its term lending operations this week, but doesn't expect a significant negative reaction in JPY as the monetary base impact is offset by other expiring operations. However, the bank does expect JPY to weaken in the second half of the year as the BOJ moves towards more significant quantitative easing operations

tokyo rana 08:36 GMT May 17, 2010
jpy

133.100 seems very heavy for gbpjpy..

Syd 08:29 GMT May 17, 2010
"We are finding all sorts of skeleton in various cupboards," Mr Osborne said in a interview with the
Reply   
http://www.telegraph.co.uk/finance/economics/7732205/George-Osborne-Labour-was-irresponsible-with-Britains-finances-and-fiddled-forecasts.html

Saar KaL 08:25 GMT May 17, 2010
placed more orders

gbpjpy 133.4438 130.4755
eurjpy 114.0593 111.4503
eurcad 1.2831 1.2700
gbpnzd 2.0656 2.0411
dji 10,640.2152 10,411.4970
all short orders

Europe Theorist 08:23 GMT May 17, 2010
CNY Likely To Start Rising From June - CLSA

Congress calling for reval, Tim G begging them not to and Europe in the Toilet... the Chinese must be sitting back with over 2 trillion surplus and laughing their heads off at us...

Syd 08:19 GMT May 17, 2010
Allow For Small GBP/USD Rebound - Commerzbank
Reply   
GBP/USD has reached its $1.4255 Fibonacci target, which is also the last line of defence ahead of the $1.35 low seen in 2009, notes Commerzbank analyst Karen Jones. Near-term allow for a small rebound toward the $1.4475-$1.4555 area, she says. However, while it trades below $1.4650 the spot will remain directly offered.

Europe Theorist 08:18 GMT May 17, 2010
CNY Likely To Start Rising From June - CLSA

BELGRADE,

I posted something earlier that you will find an intersting read as to whats going on with US/China... in essence the TG is begging China NOT to revlaue its currency.. and I state why... good read

Saar KaL 08:18 GMT May 17, 2010
placed more orders
Reply   
eurusd short 1.2337 1.2199
gbpusd shorts 1.4443 1.4276
usdchf longs
1.1464 1.1364

Syd 08:13 GMT May 17, 2010
UK Osborne: Deficit Poses Real Risk To Economic
Reply   
UK Osborne: Deficit Poses Real Risk To Economic

Belgrade AS 08:10 GMT May 17, 2010
CNY Likely To Start Rising From June - CLSA

re:CNY
IF pegged to usd,then CNY has risen already(ex.jpy),right?
what do you think american president did in China 7 whole days?(nuclear crisis were resolved quicker...over a phone!)...this is 5th or 6th time i'm posting the same trivia question!!!

Saar KaL 08:08 GMT May 17, 2010
short them all
Reply   
short gbpnzd
gbpcad
gbpaud
gbpjpy

Syd 08:02 GMT May 17, 2010
CNY Likely To Start Rising From June - CLSA
Reply   
Despite USD's recent rally vs majors amid euro zone debt crisis, Beijing likely to allow CNY to start strengthening vs USD in late June or early July as China's economy, exports rebound to healthy levels, says Andy Rothman, CLSA China Strategist; notes CNY issue more political than economic in nature. Thinks China will likely let CNY rise at gradual pace (5%-7% annualized rate) so it won't hurt exports. Adds, although "most work has been done" in terms of China policy tightening, PBOC may raise interest rates in 2H to curb excess liquidity, as well as to prevent overcapacity from building up further in manufacturing sector

Europe Theorist 07:55 GMT May 17, 2010
HEDGE AND EXPOSURE
Reply   
i'M POSTING THIS AGAIN...

I regularly use ETF's for hedging purposes. One I have found to be very lucrative is symbol EUO where I get double the return ratio/invested on taking the opposite of my currency exposure..
---
UltraShort Euro ProShares EUO has lots of exposure to the euro while tying up very little capital, which could make it a better hedge than other euro-tracking ETFs even though we advise the average investor to avoid currency speculation. By investing in forwards and swap derivatives, this fund seeks to provide double the opposite of the daily change in the euro exchange rate versus the dollar.
---
http://quote.morningstar.com/etf/f.aspx?t=EUO®ion=USA&culture=en-US

KL KL 07:55 GMT May 17, 2010
EUR/USD : Current Comments

How nice kept adding short all the way down and perhaps easier to follow GRAVITY then play ninja.....will be covering shorts near 1,2260....maybe some here 1.2279....now have to pretend I am long and average down.....lets see....all profit already locked in.....wow..this is much easier tactic.......perhaps...imvho

PAR 07:51 GMT May 17, 2010
Trichet - Guillotine
Reply   
German Lawmaker Calls for Trichet's Resignation
Published: Monday, 17 May 2010 - 3:26 AM
Patrick Allen

CNBC Senior News Editor
within the euro zone, a leading German lawmaker has called for ECB President Jean-Claude Trichet to resign.



Frank Schaeffler, an economist for Germany's Federal Democratic Party, said Axel Weber, the head of Germany’s central bank should replace the former head of the French central bank.

In an interview with Germany’s Handelsblatt Monday, Schaeffler said the purchase of junk assets is the "guillotine" for the euro and such developments must be stopped.

Trichet appears far more worried about government spending and has been pushing hard for fiscal consolidation across Europe. In an interview with Der Spiegel over the weekend, the central banker said Europe needs "a quantum leap" in how it collectively manages public finances having previously refrained from demanding an overhaul of fiscal rules.

Belgrade AS 07:41 GMT May 17, 2010
cable



i've been flat for a long time in cable,but what i charted in summer-winter/09 seems to been working still.if it helps one single person on this sorry planet,i guess we won...as a team!
so here it is!

Europe Theorist 07:40 GMT May 17, 2010
jpy

Sell EURUSD
Entry: Target: Stop:

CNBC Live..

1.10 would give Europe a 1% growth rate to take its economy into full recovery... reports in French Newspapers wrong... Europe needs 1.10 and is aiming to achieve that !!!

Syd 07:33 GMT May 17, 2010
Hedge funds brace for EU crackdown
Reply   
European regulators will move a step closer to muzzling Britain's hedge fund industry this week when a new European directive is put to the vote.
Today MEPs decide on whether to accept the draft legislation designed to clamp down on the speculation that destabilised the markets in 2008.

This is followed by a decisive Ecofin meeting of finance ministers tomorrow. George Osborne is already privately admitting defeat ahead of his first showdown with Europe over financial reform.

http://www.dailymail.co.uk/money/article-1278921/Hedge-funds-brace-EU-crackdown.html

Syd 07:25 GMT May 17, 2010
Greek Prime Minister Wants To Tackle Tax Evasion - Report
Reply   
Greece wants to tackle tax evasion by reorganizing its fiscal administration, Prime Minister George Papandreou told German daily Handelsblatt for the paper's Monday edition.
Papandreou added that Greece wants help and advice from the European Union and the International Monetary Fund to ensure that a minority of tax dodgers doesn't live at the expense of the Greek majority.
www.Handelsblatt.de

tokyo rana 07:23 GMT May 17, 2010
jpy

iwish i cud long 131.2
and close short also 131.2...
today bad monday...

KL KL 07:22 GMT May 17, 2010
EUR/USD : Current Comments

OK Time for me to cover my EURO Long Here Bit by bit ...Out from 1.2315....

Keep adding as if I am shorting to 1.2330...but actually covering my longs....Feels so nice playing this way too...... So Weak everything

Also Short FTSE 5284 and DOW 10590...locking in 1 pips and relax have my tea now.....

Syd 07:21 GMT May 17, 2010
DJ Frayed Nerves Keep Yen Bears At Bay
Reply   
Yes, the yen will fall as they hope and expect.

Japan's gigantic debt, amounting to 200% of gross domestic product, will eventually become a problem, especially while the government continues to avoid spending cuts and tax rates. Also, once the global recovery gains traction and interest rates start to rise in the U.S., yield differentials will play strongly against the Japanese currency, pushing the dollar forcefully up through Y95 and back towards Y100. But this is not going to happen just now, and yen bears are going to have to wait. Over the last week, investors have been bombarded with excuses to continue buying the Japanese currency as a safe haven. Although the dollar will often benefit alongside the yen in times of uncertainty, as investors head for safe havens, the dollar is being compromised this time around by the rising concern over U.S. banks. Apart from the prospect of increased regulation, the U.S. authorities are gradually widening their criminal probe, with the Securities and Exchange Commission now looking at six major banks for evidence that they misled credit rating agencies.



Hong Kong 07:11 GMT May 17, 2010
Support, Resistance and Range Forecast by AceTrader
Reply   
INTRA-DAY USD/JPY:

Last Update At17 May 2010 06:14 GMT

Range Forecast
91.76 / 92.10


Resistance/Support
R: 92.10/92.51/92.67
S: 91.76/91.58/91.47
----------
INTRA-DAY EUR/USD:

Last Update At 17 May 2010 06:16 GMT

Range Forecast
1.2250 / 1.2290


Resistance/Support
R: 1.2309/1.2329/1.2373
S: 1.2234/1.2200/1.2153
----------
INTRA-DAY USD/CHF:

Last Update At 17 May 2010 06:23 GMT

Range Forecast
1.1395 / 1.1435


Resistance/Support
R: 1.1446/1.1475/1.1500
S: 1.1295/1.1353/1.1300
----------
INTRA-DAY GBP/USD:

Last Update At 17 May 2010 06:10 GMT

Range Forecast
1.4345 / 1.4395


Resistance/Support
R: 1.4419/1.4475/1.4496
S: 1.4303/1.4249/1.4212

http://www.acetraderfx.com

Hong Kong 07:07 GMT May 17, 2010
Support, Resistance and Range Forecast by AceTrader
Reply   
INTRA-DAY USD/JPY:

Last Update At17 May 2010 06:14 GMT

Range Forecast
91.76 / 92.10

Resistance/Support
R: 92.10/92.51/92.67
S: 91.76/91.58/91.47

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

Last Update At 17 May 2010 06:16 GMT

Range Forecast
1.2250 / 1.2290


Resistance/Support
R: 1.2309/1.2329/1.2373
S: 1.2234/1.2200/1.2153
---------
INTRA-DAY USD/CHF:

Last Update At 17 May 2010 06:23 GMT

Range Forecast
1.1395 / 1.1435

Resistance/Support
R: 1.1446/1.1475/1.1500
S: 1.1295/1.1353/1.1300
--------
INTRA-DAY GBP/USD:

Last Update At 17 May 2010 06:10 GMT

Range Forecast
1.4345 / 1.4395

Resistance/Support
R: 1.4419/1.4475/1.4496
S: 1.4303/1.4249/1.4212

http://www.acetraderfx.com

tokyo rana 07:06 GMT May 17, 2010
jpy

iwas sleeping...
ihad milk no coffee...
it was expected...
good luck to all...
happy trade,

tokyo ginko 07:03 GMT May 17, 2010
jpy

lol, that's quite funny...

Europe Theorist 07:01 GMT May 17, 2010
jpy

Can you imagine taking Tokyo Rana out for a drink...

Ok what would you like...

give me a Beer... no wait.. a beer with a tequila shot... no no wait let me see ah yes ... Vodka with a shot of beer on the side ...No No wait ... Hmmm Ah yes .. a Vodka with with a dash of tequila in it... and a beer with ice... No No wait I know... Vodka, no ice.. and a teqila slammer.. .. yes yes thats it... Thanks

No NO wait I know... give me a glass of water .. hold the ice

Melbourne Qindex 06:59 GMT May 17, 2010
EUR/USD : Current Comments
Reply   
EURUSD
Entry: Target: Stop:

EUR/USD : The odds are in favor of maintaining a short position when the market is rejected from the barrier at 1.2323 // 1.2392.

tokyo ginko 06:58 GMT May 17, 2010
jpy

OMG, I forgot, he's going to be bouncing off the wall!

tokyo ginko 06:58 GMT May 17, 2010
jpy

OMG, I forgot, he's going to be bouncing off the wall!

Europe Theorist 06:56 GMT May 17, 2010
jpy

You mean he's going to be more hyper than normal..again?? :-))

tokyo ginko 06:54 GMT May 17, 2010
jpy

he's out for coffee, told him to come back when usd/jpy at 92.50

Aruba Tino 06:52 GMT May 17, 2010
maybe!

Buy EURUSD
Entry: Target: Stop:

Reminder:
Aruba Tino 10:29 GMT May 7, 2010
EUR/USD: in case this week has low in place then year low will show around 1.22 region this month.

fact:
EUR/USD trades more than 15% below 200DMA

lessons from history:
when trading 15% above/below 200DMA means there is medium term trend change to take place.

risk:
can be wrong, it's alcohol all around Aruba right now and I was wrong before.

Europe Theorist 06:50 GMT May 17, 2010
jpy

TOKYO RANA....

Your way to quiet today... whats up with you??? c'mon fire this puppy up

HK [email protected] 06:49 GMT May 17, 2010
EUR/USD
Reply   
A break below today low, increases the chances for a collapse of 5% more in the Eur/usd.

It is the last chance to have any intervention to slow the decline.

It is of no exporting country interest to see the Euro declining too fast and loosing the Euro market.
So maybe the market is for some action.

london red 06:45 GMT May 17, 2010
euro cable
Reply   
Both euro and to a much lesser extent cable are oversold, but since cable at least will move in the same direction as the euro 75% of the time, its worth monitoring the euro situation if in cable. Generally the markets will trade to some extent within the last trading range or bar, its rare that we don't get anything from 15% to 50% even in a highly trending market. The fact that euro open in asia lower and never regained the ground means that it is yet to trade within last weeks range bar a handful of pips. It can happen that once in a while tis retracement does not occur although this tends to occur when the market goes parabolic ie. we would see a fail to retrace combined with a mulity big figure move to the downside. I monitor retracement theory closely and often when we get an extension of Fridays move on a Monday (and if there has been any retracement into the previous weeks range) often we get a reversal at some stage during the week. This does not mean that the trend has to change. We could go 1.25/1.28 and then back to under 1.25 by the end of the week. For today I'd guess that if euro got into positive territory, the risk for a reversal of some kind would incresase.

Saar KaL 06:43 GMT May 17, 2010
oil test
Reply   
i hate this
i longed oil friday
IMO is good longer term
now doing the hourly
on daily
E(High) E(Low) _____ X(High) X(Low)
72.9151 70.7320 _____ 76.7764 66.2719
73.1416 70.4590 _____ 76.3001 66.7959
73.2151 70.4154 _____ 76.2417 66.8741
73.3227 70.3517 _____ 76.2040 66.9584
73.4045 70.3177 _____ 76.2931 66.9036

hourly...just south bad
maybe heading to x low on daily
i hate that

70.2553 69.5781 _____ 70.5481 69.2426
70.1918 69.5283 _____ 70.4266 69.2597
70.1372 69.4719 _____ 70.3448 69.2335
70.0822 69.4130 _____ 70.2738 69.1908
70.0296 69.3584 _____ 70.2297 69.1251

Lebanon HFarhat 06:41 GMT May 17, 2010
GoodLuck
Reply   
Goodmorning
I Just wanted to wish you a goocluk today with all your trades ..

Best Regards

Saar KaL 06:29 GMT May 17, 2010
usdcad
Reply   
usdchf
seems like a buy
E(High) E(Low) _____ X(High) X(Low)
1.1436 1.1397 _____ 1.1456 1.1377
1.1438 1.1399 _____ 1.1456 1.1382
1.1440 1.1401 _____ 1.1458 1.1384
1.1443 1.1402 _____ 1.1459 1.1386
1.1444 1.1404 _____ 1.1462 1.1386

usdcad...hmm
funny for a day+
5 hrs
E(High) E(Low) _____ X(High) X(Low)
1.0428 1.0384 _____ 1.0460 1.0363
1.0429 1.0385 _____ 1.0451 1.0370
1.0429 1.0386 _____ 1.0454 1.0369
1.0430 1.0385 _____ 1.0456 1.0369
1.0431 1.0385 _____ 1.0456 1.0369

5 days usdcad
will start the crash this week
E(High) E(Low) _____ X(High) X(Low)
1.0383 1.0248 _____ 1.0386 1.0244
1.0371 1.0250 _____ 1.0381 1.0242
1.0367 1.0246 _____ 1.0377 1.0238
1.0363 1.0242 _____ 1.0373 1.0234
1.0359 1.0237 _____ 1.0368 1.0229

Syd 06:10 GMT May 17, 2010
Copper Buying Opportunity Emerging -Macquarie
Reply   
Macquarie Bank says despite current weakness, keeps view on copper "very constructive, particularly on a 6-12 month view." Adds, while Chinese demand growth is set to slow, house believes this is being overplayed, and that first tangible signs of a recovery in demand in U.S. and other developed markets has emerged in past two months. "We see copper balancing up over the next six months and moving into deficit in 1H11. While it is difficult to predict the turning point, we expect that in 12 months, we will look back at the upcoming three months as the opportunity to buy." LME 3-month copper at $6,705/ton, down $220 with 3,117 lots done.

Saar KaL 06:08 GMT May 17, 2010
cable

short cable here

Saar KaL 05:56 GMT May 17, 2010
eurusd 5 weeks
Reply   
eurusd 5 weeks
Longer term traders
i aint buying till 1.18 area

Date E(High) E(Low) _____ X(High) X(Low)
5/15/2010 1.2554 1.2208 _____ 1.3020 1.1803
5/22/2010 1.2581 1.2167 _____ 1.2984 1.1822
5/29/2010 1.2591 1.2151 _____ 1.2983 1.1817
6/5/2010 1.2603 1.2133 _____ 1.2953 1.1839
6/12/2010 1.2607 1.2126 _____ 1.2946 1.1843

Europe Theorist 05:54 GMT May 17, 2010
cable

GBPJPY
Entry: Target: Stop:

This pair GBPJPY

Is really being a beeeatch this morning.... thats the problem trading the hoe of the pimp

Saar KaL 05:51 GMT May 17, 2010
cable

gbpnzd
a sell all week imo
next 5 hrs
E(High) E(Low) _____ X(High) X(Low)
2.0500 2.0400 _____ 2.0518 2.0379
2.0494 2.0402 _____ 2.0512 2.0381
2.0492 2.0400 _____ 2.0510 2.0379
2.0491 2.0397 _____ 2.0509 2.0375

2.0250 might be stable

Europe Theorist 05:49 GMT May 17, 2010
Trade Ideas


SHORT
EURUSD @ 122.724
GBPJPY @ 131.612

Syd 05:47 GMT May 17, 2010
EX BOJ board member Taya: Japan likely to face sovereign debt crisis in 3 to 4 years
Reply   
EX BOJ board member Taya: Japan likely to face sovereign debt crisis in 3 to 4 years

Saar KaL 05:47 GMT May 17, 2010
cable

eurjpy does not like north either
next 5 hrs
should be a wild week

E(High) E(Low) _____ X(High) X(Low)
113.4543 112.5627 _____ 113.8069 112.1177
113.4003 112.5420 _____ 113.6762 112.1913
113.3582 112.5045 _____ 113.6269 112.1602
113.3276 112.4592 _____ 113.5746 112.1418
113.2959 112.4174 _____ 113.5226 112.1223

Saar KaL 05:24 GMT May 17, 2010
cable

gbpjpy does not look good for north

next 5 hrs
E(High) E(Low) _____ X(High) X(Low)
132.4503 131.3958 _____ 132.8481 130.8615
132.3834 131.3587 _____ 132.6993 130.9234
132.3243 131.3016 _____ 132.6481 130.8479
132.2845 131.2327 _____ 132.5800 130.8175
132.2431 131.1733 _____ 132.4861 130.8250

Europe Theorist 05:24 GMT May 17, 2010
Trade Ideas

GBPUSD
Entry: Target: Stop:

CLOSED

GBPUSD 143.100

USA RB 05:13 GMT May 17, 2010
cable

Thanks for helping me grow. I grew because I learned something today.

Saar KaL 05:10 GMT May 17, 2010
cable

eurusd for next 5 hrs

E= expected or average
x= extrem values
E(High) E(Low) _____ X(High) X(Low)
1.2291 1.2238 _____ 1.2353 1.2175
1.2293 1.2231 _____ 1.2344 1.2178
1.2291 1.2228 _____ 1.2340 1.2177
1.2289 1.2224 _____ 1.2336 1.2175

Europe Theorist 05:07 GMT May 17, 2010
Trade Ideas

Buy Gold
Entry: 1238.20 Target: Stop: 1234.80

ADDED

LONG GOLD 1238.20

Melbourne Qindex 05:03 GMT May 17, 2010
USD/CHF : Current Comments
Reply   
USDCHF
Entry: Target: Stop:

Melbourne Qindex 00:52 GMT May 16, 2010
USD/CHF : Current Comments : Reply
USDCHF
Entry: Target: Stop:

USD/CHF : Speculative buying interest will increase when the market is able to trade above the weekly cycle pivot center at 1.1412.
Melbourne Qindex 00:48 GMT May 16, 2010
USD/CHF : Current Comments : Reply
USDCHF
Entry: Target: Stop:

USD/CHF : As shown in the monthly cycle charts the odds are in favor of maintaining a long position when the market is trading above the monthly cycle pivot center at 1.1093. The monthly cycle projected series indicates that the market is going to tackle the upper barrier at 1.1399* // 1.1514. The long term upside targeting range is 1.2088* // [1.2127]* (see the section "Long Term References for Position Traders).



USD/CHF : Monthly Cycle Charts
http://www.qindex.com/chf.html
Melbourne Qindex 23:39 GMT May 15, 2010
USD/CHF : Current Comments : Reply
USDCHF
Entry: Target: Stop:

USD/CHF : The odds are in favor of maintaining a long position when the market is able to trade above the critical resistant point at 1.1386.
Melbourne Qindex 23:37 GMT May 15, 2010
USD/CHF : Current Comments : Reply
USDCHF
Entry: Target: Stop:

USD/CHF : Critical Resistant Point 1.1386
Melbourne Qindex 23:30 GMT May 15, 2010
USD/CHF : Current Comments : Reply
USDCHF
Entry: Target: Stop:

USD/CHF : A supporting point is positioning at 1.1111 and the market is going to tackle the barrier at 1.1399 // 1.1835.



USD/CHF : Monthly Cycle Charts
http://www.qindex.com/chf.html

Europe Theorist 05:02 GMT May 17, 2010
Trade Ideas

Buy GBPUSD
Entry: Target: Stop:

ADDED

LONG GBPUSD 1.43581

USA RB 05:01 GMT May 17, 2010
cable

What do the E & X mean?

Saar KaL 04:52 GMT May 17, 2010
cable
Reply   
cable for next 5 hrs
1.42 is possible today

E(High) E(Low) _____ X(High) X(Low)
1.4325 1.4258 _____ 1.4389 1.4179 --this hour
1.4325 1.4248 _____ 1.4376 1.4185 --next
1.4322 1.4244 _____ 1.4377 1.4175
1.4321 1.4237 _____ 1.4374 1.4170
1.4319 1.4231 _____ 1.4363 1.4176

maybe short 1.4387?

Europe Theorist 04:43 GMT May 17, 2010
Trade Ideas

Buy GBPJPY
Entry: Target: Stop:

LONG EURUSD 122.583
LONG GBPJPY 131.664
LONG AUDUSD 0.87546

Amman wfakhoury 04:41 GMT May 17, 2010
it will be for sure to see 131.80
Reply   
Amman wfakhoury 14:21 GMT May 16, 2010
gbpjpy 131.80: Reply
It is in weak uptrend and ready to go down again ,if breaks 133.20 , it will be for sure to see 131.80 again.
----------

Syd 04:20 GMT May 17, 2010
China Mulls Managing Forex Reserves Through Overseas Loans - Report
Reply   
China's foreign-exchange regulator is considering issuing foreign-curreny loans overseas through local commercial banks as a way to manage the country's huge foreign-exchange reserves, Century Weekly Magazine reported Monday, citing unnamed sources.

The State Administration of Foreign Exchange has appointed China Development Bank, a former policy bank but now a commercial lender, as the first bank to carry out such lending, which will mainly be for strategic and inter-governmental project financing, according to the magazine.

Until now, China has extended overseas foreign-currency loans through its policy lenders, which buy foreign currency in the foreign-exchange market for the purpose, the magazine said.
China's foreign-exchange reserves totaled $2.447 trillion at the end of March, up $47.93 billion from the end of last year.

At the end of last year, China's cabinet asked SAFE to study methods of policy lending and to explore how domestic financial institutions can support the financing needs of Chinese companies that invest overseas, the magazine said.

Europe Theorist 04:17 GMT May 17, 2010
HEDGE AND EXPOSURE
Reply   
I regularly use ETF's for hedging purposes. One I have found to be very lucrative is symbol EUO where I get double the return ratio/invested on taking the opposite of my currency exposure..
---
UltraShort Euro ProShares EUO has lots of exposure to the euro while tying up very little capital, which could make it a better hedge than other euro-tracking ETFs even though we advise the average investor to avoid currency speculation. By investing in forwards and swap derivatives, this fund seeks to provide double the opposite of the daily change in the euro exchange rate versus the dollar.
---
http://quote.morningstar.com/etf/f.aspx?t=EUO®ion=USA&culture=en-US

Lahore FM 04:16 GMT May 17, 2010
Trade Ideas

Buy AUDJPY
Entry: 80.48 Target: 95.00 Stop: 78.40

long now.

tokyo rana 04:14 GMT May 17, 2010
jpy

still at least 136 137 very possible wait for load shorts...
even 140plus not impossible im keep saying tomorrow boj sale yen...
good luck..

tokyo rana 04:12 GMT May 17, 2010
jpy

Dear JJ,
careful about europe session it will be tricky...
donot be greedy my advise,
goodluck

lkwd jj 04:10 GMT May 17, 2010
jpy

i go short gbpjpy again 13123 will hold until ny close.

tokyo rana 04:07 GMT May 17, 2010
last chance to ride

tokyo ginko..
im not worry at all..
just miss chance its ok...
good luck...

tokyo ginko 04:05 GMT May 17, 2010
last chance to ride

yes, don't worry, go for a cup of coffee and see usd/jpy at 92.50 later

tokyo rana 04:04 GMT May 17, 2010
last chance to ride

tokyo ginko...
its ok iwill keep no problem....
now maybe usdjpy 95 gbpjpy 140pus and eurjpy 125 bcome history we will not see any time soon....
the way going down...
good luck..

Melbourne Qindex 04:01 GMT May 17, 2010
GBP/JPY : Current Comments

GBP/JPY : The odds are good that the market will tackle the supporting barrier at 127.08 // 129.06.

tokyo ginko 04:01 GMT May 17, 2010
last chance to ride

if u cannot take the swing, cut and go for a break

GVI Forex Blog 04:00 GMT May 17, 2010 Reply   

Morning Briefing : 17-May-2010 - 0358 GMT

tokyo rana 03:58 GMT May 17, 2010
last chance to ride

tokyo ginko,
im also long losing 100mann yen...
200mann plusddata hazu nano ni...

tokyo ginko 03:55 GMT May 17, 2010
last chance to ride
Reply   
Buy USDJPY
Entry: 91.81 Target: Stop:

good luck!

Melbourne Qindex 03:53 GMT May 17, 2010
EUR/JPY : Current Comments

EURJPY
Entry: Target: Stop:

EUR/JPY : Speculative selling pressure will increase when the market is trading below the barrier at 112.24 // 114.27.

Melbourne Qindex 03:41 GMT May 17, 2010
GBP/JPY : Current Comments
Reply   
GBPJPY
Entry: Target: Stop:

GBP/JPY : Critical Support 128.26



The market is tackling the barrier at 129.19 // 131.94.

Melbourne Qindex 03:38 GMT May 17, 2010
EUR/JPY : Current Comments
Reply   
EUR/JPY : The market is now working on the barriers at 111.66 // 112.87.

Syd 03:23 GMT May 17, 2010
China Commerce Ministry: To Keep Exports Stable
Reply   
China: Hopes US Doesn't Exclude China When Revamping Its Export Controls
China Ministry: Yuan Issue Shouldn't Be Part Of Politics
China Ministry: Yuan Is Solely Chinese Government's Concern

HK JC 03:22 GMT May 17, 2010
EUR breaks 1.2000 & GBP breaks 1.4000
Reply   
EUR/USD : Heading for 1.1640

Break of 100-month MA Awaits Confirmation

Given the focus on Greece, the ECB, the EU Commission and the EUR, EU The pair has collapsed in April and May, now closing the gap on the Oct 2008 credit crisis lows by 1.2330, with Friday"s low at 1.2358. A decisive break below those lows would shift the focus onto the Nov 2005 swing low by 1.1640 and the falling price channel off of the Jul 2008 and Dec 2009 highs off of the Nov 2008 nadir, the bottom of which is at 1.1332 this month.

This month"s slide has taken prices below their 100-month MA line for the first time since using them as support in Aug and Sep 2003. The last time there was a clear breakdown below the MA was in Jan 1997. That month the price fell from 1.2715 to 1.1805 and did not bounce meaningfully until the Aug 1997 low at 1.0345. There was an attempt in Oct 1998 to post a monthly close above the MA, which by then was falling, but to no avail. The subsequent collapse in prices ended in Oct 2000 at 0.8225. The total fall from the initial break of the 100- mo MA at 1.2173 to the 0.8225 low was 32.4%. If the same size slide were to occur with the current 100-mo MA break, the target would be 0.8580, quite close to the Jan and Feb 2002 swing lows.

Scary isn’t it? I tell all of you about GBP a bit later…..it is even more scary…

tokyo rana 03:19 GMT May 17, 2010
jpy

ithink better close short and on bounce again short wensday or thursday....happy trade,

lkwd jj 03:17 GMT May 17, 2010
jpy

i hold small usdjpy short think maybe we see 90 handle .mkts very nervous .

tokyo rana 03:17 GMT May 17, 2010
jpy

tokyo ginko,
yes never minus on yen long...
minus many times when yen short...

tokyo ginko 03:16 GMT May 17, 2010
jpy

so you should always long yen and make money?

good luck

makassar alimin 03:15 GMT May 17, 2010
euro
Reply   
adding some 1.2270, stop all 100 below

tokyo rana 03:14 GMT May 17, 2010
jpy

Dear JJ,
your welcome....
im un lucky today miss many pips,
good luck....

lkwd jj 03:12 GMT May 17, 2010
jpy

covered 13344 from friday at 13151. thanks rana

tokyo rana 03:09 GMT May 17, 2010
jpy

when ever im short yen lose money...
when ever long yen make money...

tokyo rana 03:07 GMT May 17, 2010
jpy

now no hope for any jpy pair to go up any time soon...but tomorrow sale yen...lets see...happy trade,

lkwd jj 02:53 GMT May 17, 2010
gbpjpy

i put in 20 pt tail stop and go sleep.

lkwd jj 02:52 GMT May 17, 2010
gbpjpy

usdjpy very stubborn to not go down with dow futures off 120

tokyo rana 02:49 GMT May 17, 2010
gbpjpy

yes very tricky.......
today bad luck miss the train...
its ok..

Lahore FM 02:48 GMT May 17, 2010
Trade Ideas

Buy OTHER
Entry: 0.7139 Target: 500 pips Stop: 0.7040

05/12/2010 21:30:51 FM Lahore 28

Buy OTHER
Entry: 0.7139 Target: Stop: 0.7040
long now for a 500 pip ride higher.

this is nzdusd.
--
stopped for minus 99.

lkwd jj 02:47 GMT May 17, 2010
gbpjpy

this is express train down 200 in 1 hour. katching!!!

Lahore FM 02:45 GMT May 17, 2010
Trade Ideas

Buy USDCAD
Entry: 1.0160 long order Target: 1.0360 Stop: none

05/09/2010 21:49:11 FM Lahore 47

Buy USDCAD
Entry: 1.0160 long order Target: 1.0360 Stop: none
long order waiting at 1.0160.we are going to have some extreme market action it seems.
--
closed all 1.0422 now.

tokyo rana 02:43 GMT May 17, 2010
gbpjpy

Dear JJ,
now seems did not break 133 on friday and bounce to 134.400 was just big trick....
just becareful...

happy trade

MIAMI HFT 02:42 GMT May 17, 2010
EUR time to Long Scalp...

it seems like gambling now if you try and scalp you might hit it or it might just keep falling. this market has no buyers and this selling is beyond technical.

KL KL 02:40 GMT May 17, 2010
EUR time to Long Scalp...

Long again 1.2238 stops 1.2220 wait for 1.2290

lkwd jj 02:36 GMT May 17, 2010
gbpjpy
Reply   
mean bounce here in gbp and euro. fast 60 pipos

tokyo rana 02:34 GMT May 17, 2010
jpy

imissed 230pips short postion..
long 230pips high...
bad luck...
happy trade,

Melbourne Qindex 02:34 GMT May 17, 2010
S&P/ASX200 : Current Comments
Reply   
S&P/ASX200 (4503) : Critical Support 4300



As shown in the monthly cycle directional indicator the market is under pressure when it is below the monthly cycle pivot center at 4900. Speculative selling pressure will increase when the market is trading below the weekly cycle pivot centers at 4433 - 4457 - 4527. A critical supporting point is located at 4300 (see the section at "long Term References for Position Traders".



S&P/ASX200 : Monthly Cycle Charts
http://www.qindex.com/axjo.html

tokyo rana 02:29 GMT May 17, 2010
jpy

Dear JJ,
im still long now above 140 seems very very very difficult...
happy trade,

tokyo ginko 02:27 GMT May 17, 2010
long eur/usd at 1.2437

add last 50% 1.2247

GT all

tokyo rana 02:27 GMT May 17, 2010
jpy

Dear lkwd jj,
yeah we droped.
my view changed bcoz we did not break 133 on friday and bounce to 134.400 ny close...
ithink your lucky you did not close shorts now u can close i close well before idonot want to take risk....
bcoz iwas need to with draw money from my acc so idid not want miss this chance ihad to pay some my loans...
happy trade,

tokyo ginko 02:23 GMT May 17, 2010
long eur/usd at 1.2437

ok time to cash out on your options here @ 1.23 President Mahmoud Ahmadinejad,

long eur.usd add 50% 1.23

lkwd jj 02:22 GMT May 17, 2010
jpy

rana you told me on friday we see big drop on monday , so i keep shorts. thanks now you think go long? i stay short with trail stop. 13344 entry on friday. far from this mkt

KL KL 02:22 GMT May 17, 2010
EUR time to Long Scalp...
Reply   

Entry: 1.229 Target: 1.2337 Stop: 1.228

Just play the range long and short...no problem...gl gt all

tokyo rana 02:20 GMT May 17, 2010
jpy

or if clear break of 130 than on bounce short...happy trade,

tokyo rana 02:13 GMT May 17, 2010
jpy

Dear JJ,
thanx for post...
im not worry...
ihave small long if compare to shorts 25% of shorts even 10 to 20yen down no problem but ithink gbp come back...
you forgot monday when spike down to 139.4 and pull back to 146 last month?
now 100pips under water...
last month u know iwas 1000pips under water if compare to that this time is nothing...
ijust close short little hurry little regret but its ok its happen to me always...
ithink go long is better my target still 143.600 from there short for 119 no change...
happy tradde,

Syd 02:13 GMT May 17, 2010
Labour hid ‘scorched earth’ debts worth billions
Reply   
Labour hid ‘scorched earth’ debts worth billions

303 Comments THE government last night accused Labour of pursuing a “scorched earth policy” before the general election, leaving behind billions of pounds of previously hidden spending commitments. The newly discovered Whitehall “black holes” could force even more severe public spending cuts, or higher tax rises, ministers fear.
http://www.timesonline.co.uk/tol/news/politics/article7127819.ece

lkwd jj 02:06 GMT May 17, 2010
jpy

rana why you long gbp/xxx ? in big trouble uk.

Syd 01:58 GMT May 17, 2010
EUR/JPY Fall May Hurt Japan Capex - DLRI
Reply   
While Japan capital expenditure appears set for mild recovery, as reflected in stronger machinery orders, EUR weakness vs JPY could slow recovery by crimping Japanese exports to Europe, says Dai-ichi Life Research Institute chief economist Hideo Kumano. Notes while corporate forex hedging practices mean can't draw direct link between fall in EUR/JPY and Japanese capex, indirect threat exists; "the euro has been falling more rapidly than people had anticipated, and since Japanese exports to Europe are by no means small, the drop in the euro won't help the earnings of Japanese companies." Says that means further falls in EUR/JPY could crimp Japan capex recovery ahead. Other concern for capex remains still low domestic demand; says while rise in machinery orders from non-manufacturers in March looks impressive, "we still need to be cautious in assessing the capex outlook for this sector given that domestic demand is still at a low level."

MIAMI HFT 01:51 GMT May 17, 2010
What are they doing!!
Reply   
This story makes me think that the EU wants to defend the euro from foreign speculators(HEDGE FUNDS)that are shorting the Euro but at the expense of future investment into the region...To be honest it seems childish. Heres the link the measure will be voted on tomorrow http://www.bloomberg.com/apps/news?pid=20601009&sid=a3lYauYjf.SA
Opinions on this would be welcomed I want to see what you think about this.

Melbourne Qindex 01:30 GMT May 17, 2010
USD/CHF : Current Comments

USDCHF
Entry: Target: Stop:

USD/CHF : Congested Barriers


1.1307 - 1.1319 - 1.1333 - 1.1348 - 1.1367 - 1.1399

Hong Kong 01:03 GMT May 17, 2010
Daily Market Outlook by AceTrader
Reply   
Market Review - 15/05/2010 01:22GMT

Euro tanks on growth fears and breakup concern

The single currency penetrated last week's 14-month low of 1.2510 in Europe yesterday and tumbled below 1.2400 for the first time since November 2008 on lingering worries that austerity plans required by the EU/IMF 750 billion euro bailout package would stifle an 'already-weak' recovery in the 16-nation eurozone. Previous day's comments by Former Fed Chairman Paul Volcker that he was concerned the euro area may break up while ECB's Weber said dangers were still in the financial system and such risk should not be underestimated. German Chancellor Angela Merkel's comments that Europe is in a 'very, very serious situation' continued to weigh on the euro throughout European and U.S. sessions.

Euro bashing pressured the single currency on Friday as the pair was sold on every intra-day rebound. Despite brief bounce to 1.2576 near European opening on short-covering, euro tumbled again and fell below 1.2510 to 1.2432 in European mid-day. Although euro managed a modest recovery, renewed selling at 1.2534 pushed the single currency lower again and price nose-dived to a fresh 18-month low of 1.2354 in NY afternoon. Cross-selling in euro also weighed on price as eur/jpy plunged from 117.02 to 113.50 while eur/gbp fell sharply from 0.8620 to 0.8496. In other news, report showed French President Nicolas Sarkozy once threatened to pull out of the euro during the negotiation which led to the aforementioned bailout. In addition, Greece would submit a deficit-cutting progress report to EU this coming Saturday.

Although the British pound fell sharply from 1.4640 to as low as 1.4496 in tandem with euro on Friday, cross buying in sterling versus the single currency somehow limited cable's intra-day downside, the pound was more resilient than euro to selling pressure and gyrated inside aforesaid range in NY session as the market focus on Friday was euro instead of cable.

Versus the Japanese yen, yen rallied across the board as Greek debt crisis sparked major broad-based risk aversion again, prompting investors to dump riskier assets like commodity currencies, stocks, oil and other commodities for yen and dollar as safe haven currencies, gold fell $30 from fresh record high of $1248.80 to $1218.10. Aud/jpy tumbled from 83.41 to 81.42 while gbp/jpy fell from 136.05 to 133.24 and usd/jpy also slumped from 93.10 to 91.80.

European and U.S. bourses all suffered heavy losses on Friday, FTSE closed down 3.15%, DAX down 3.12%, CAC 40 down 4.59% whilst DJI closed down 1.51% and S&P 500 down 1.88%.

Economic data to be released next week include : U.K. Rightmove house prices, Japan Domestic CGPI, Japan Domestic CGPI, U.K. CBI industrial trend, U.S. Empire state mfg. and Net LT TIC flows and NAHB housing mrkt index on Monday, Japan Tertiary industry index, Consumer confidence, Machine tools orders, U.K. CPI, Germany ZEW index, EU Trade balance ,HICP, U.S. Building permits and PPI on Tuesday, Japan Capacity utilisation, Industrial production, Canada Wholesale sales, U.S. CPI and FOMC minutes on Wednesday, Japan GDP , Germany PPI, U.K. Retail sales, Canada Leading indicators and U.S. Leading indicators on Thursday, Japan Leading indicators, Germany GDP, PMI, EU PMI, Germany Ifo index, EU Current account, Canada CPI and Retail sales on Friday.

http://www.acetraderfx.com

Melbourne Qindex 00:58 GMT May 17, 2010
USD/CHF : Current Comments

USDCHF
Entry: Target: Stop:

USD/CHF : After overcoming the resistant point at 1.1348, the next barrier is 1.1367 // 1.1399.

MIAMI HFT 00:45 GMT May 17, 2010
GBP/JPY

So Deflation is starting to look like a problem for the UK along with the deficit.

GVI Forex Jay 00:32 GMT May 17, 2010
GBP/JPY

I posted this on GVI Forex earlier and appears to have been the catalyst for the GBP drop.

GVI Forex Jay 23:48 GMT May 16, 2010
Headlines and Analysis Discussion: Reply
Why GBP/USD just dipped?

Sunday, May 16, 2010 7:01:07 PM
*(UK) UK MAY RIGHTMOVE HOUSE PRICE INDEX M/M: 0.7% V 2.6% PRIOR; Y/Y: 4.3% V 6.0% PRIOR (4-month low)

tokyo rana 00:23 GMT May 17, 2010
jpy

i closed little early still going down...

anoother 55pips was possible..
and iwas able to buy more lower...

wat a joke again 50pips under water....

anyways its ok.its part of this game...happy trade,

tokyo rana 00:16 GMT May 17, 2010
GBP/JPY

thank you very much Jay,

regards

GVI Forex Jay 00:08 GMT May 17, 2010
GBP/JPY

Rana, gbp/jpy seems to be a favorite for some retail traders but not a pair I trade. I only posted the chart since it was being discussed and to put the current price action in perspective.

tokyo rana 00:05 GMT May 17, 2010
GBP/JPY

Dear Jay,
What is your view about gbpjpy please tellme...
happy trade,
regards

GVI Forex Jay 00:05 GMT May 17, 2010
GBP/JPY



GBP/JPY daily chart going back 3 years. Shows support below 130.03 and current daily down channel.

GVI Forex Jay 00:04 GMT May 17, 2010
GBP/JPY
Reply   


GBPJPY
Entry: Target: Stop:

GBP/JPY daily chart going back one year - major support is at 130.03. Stands out as a bottom but also as an inviting target. Only support ahead of it is 133.17

 




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