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Forex Forum Archive for 05/31/2010

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MIAMI HFT 23:59 GMT May 31, 2010
Current Comments

not that my opinion matter but I was long usd/jpy around 91.41 area and I closed out that position and went short eur/jpy 112.64 making a 100 pips off of a large move to 111.60 area. if you have a chart you can see what im talking about. I was so glad I made that decision, I still havent exited the eur/jpy since my TP is 110.75.

Syd 23:48 GMT May 31, 2010
Aussie Mining Tax Takes Toll On PM Rudd In Poll
Reply   
Australia's controversial mining tax proposal clearly is taking a personal toll on popularity of PM Rudd, with voter support plumbing fresh low of 36% from 39% two weeks ago, likely just months out from federal election.

Syd 23:42 GMT May 31, 2010
ECB Noyer: Europe Crisis Most Recent Result Of 2-Year Crisis
Reply   
ECB Noyer: Central Bank Actions Broadly Successful So Far At Fighting Crises

Melbourne Qindex 23:42 GMT May 31, 2010
EUR/GBP : Critical Support 0.8414

Sell EURGBP
Entry: Target: Stop:

EUR/GBP : The odds are in favor of maintaining a short position when the market is trading below the barrier at 0.8463 // 0.8469. The market is now heading towards 0.8427.


... 0.8427 - 0.8461 - 0.8462 - 0.8463 - 0.8469 - 0.8480 ...

Melbourne Qindex 23:38 GMT May 31, 2010
Current Comments

USABAY 23:36 GMT - USD/JPY : I am not working on this pair at the moment.

USABAY 23:36 GMT May 31, 2010
Current Comments

MELBOURNE QINDEX

DR Q, Any view on usd/jpy. Tia

Melbourne Qindex 23:31 GMT May 31, 2010
Current Comments

Melbourne Qindex 10:50 GMT May 31, 2010
EUR/GBP : Critical Support 0.8414 : Reply
EURGBP
Entry: Target: Stop:

EUR/GBP : Keep an eye on this pair when you are trading EUR/USD and GBP/USD this week. Market markers are in action.


Melbourne Qindex 10:07 GMT May 31, 2010
EUR/GBP : Critical Support 0.8414 : Reply
EURGBP
Entry: Target: Stop:

EUR/GBP : The market is going to vibrate around 0.8469 with an expected magnitude of 0.8404 - 0.8533 for the time being. The downside targeting point is 0.8340 and an upside potential is 0.8598. I am still bias on the downside at this moment.


EUR/GBP : Monthly Cycle Charts
http://www.qindex.com/eur-gbp.html
Melbourne Qindex 09:59 GMT May 31, 2010
GBP/USD : Daily Cycle Analysis : Reply
GBPUSD
Entry: Target: Stop:

GBP/USD : The market is under pressure when it is rejected from the barrier at 1.4494 // 1.4604. Speculative selling pressure will increase when the market downward trending momentum is strong enough to penetrate through the barrier at 1.4275 // 1.4385.

Melbourne Qindex 23:00 GMT May 31, 2010
Current Comments
Reply   
The followings are still valid :-


Melbourne Qindex 21:26 GMT May 30, 2010
EUR/GBP : Critical Support 0.8414 : Reply
Sell EURGBP
Entry: Target: Stop:

EUR/GBP : The bias is on the downside when the market is trading below the barrier at 0.8505 // 0.8525.

Melbourne Qindex 21:15 GMT May 30, 2010
EUR/GBP : Critical Support 0.8414 : Reply
EURGBP
Entry: Target: Stop:

EUR/GBP : The market will shift lower to 0.8178 // 0.8198 when the downward trending momentum is strong enough to penetrate through the supporting barrier at 0.8414 // 0.8423.

Melbourne Qindex 19:48 GMT May 30, 2010
GBP/USD : Daily Cycle Analysis : Reply
GBPUSD
Entry: Target: Stop:

GBP/USD : The market is going to consolidate within the daily cycle pivot centers at 1.4315 - 1.4470 - 1.4540. A projected resistant barrier is expected at 1.4655 // 1.4715 and a supporting barrier is located 1.4118 // 1.4286.

Melbourne Qindex 19:06 GMT May 30, 2010
EUR/USD : Daily Cycle Analysis : Reply
Sell EURUSD
Entry: Target: Stop:

EUR/USD : Daily Cycle Analysis


The bias is on the downside when the market is below 1.2219 // 1.2289. The short term supporting barrier is 1.2126 // 1.2156. The daily cycle pivot centers are positioning at 1.2073 // 1.2090.

GVI Forex Blog 21:48 GMT May 31, 2010 Reply   
It was a quiet European/US session, with the US and UK on holiday, S&P500 futures ranging sideways, and European stocks little changed. The notable data release overnight was Canada's +0.6% GDP growth for March, beating the +0.5% consensus, and taking the annualized Q1 rate to +6.1%.

Forex Blog - Morning Report (Westpac)

Syd 20:51 GMT May 31, 2010
HEARD ON THE STREET: Weak Euro May Not Boost Saks Appeal
Reply   
Another European sensation could soon be the talk of the fashion scene: its plunging currency. The euro has fallen 20% against the dollar since December. That should be good news for luxury retailers Neiman Marcus and Saks no? They source heavily from the likes of LVMH and Gucci which have euro expenses but charge most U.S. customers in dollars. When the euro rose last decade, manufacturers charged higher dollar prices.

Unfortunately, the reverse mightn't apply immediately. In recent months, many European luxury firms have kept prices stable in dollar terms and pocketed the extra euros.

Retailers will complain if the euro weakens further. But manufacturers have a strong hand. Even large retailers are often price-takers when purchasing iconic European brands. That is because the labels also sell in brand-name boutiques, so retailers tend to coordinate prices and even the timing of sales with manufacturers. Even when Saks cut prices during the crisis, it had to tread carefully. A weak euro could even work against luxury retailers. When the euro was strong, European shoppers flocked to New York, where Saks, for example, generates a large portion of its revenue. A weaker euro could hit such spending.
wsj heard on the street

london sam 20:46 GMT May 31, 2010
gbpusd
Reply   
GBPUSD
Entry: Target: Stop:

i'm on gbpusd right now its showing 1.45340, any advice which way it might go...bearish or bullish.

nb: im a beginner

Naseri 20:39 GMT May 31, 2010
EUR/USD
Reply   
EURUSD
Entry: Target: Stop:

if we get below 97 we may have a run down

Dunga BB 20:35 GMT May 31, 2010
EUR/USD

There is only ONE way to make profit in FX guys: WIN BIG, loose small. Sounds easy but most traders let their loses become big hoping market will reverse , BUT as soon as they win small amounts they decide to cash in to avoid loosing what ever little money they gained. resist this temptation.
Another important advice: Markets tend to fool the maximum amount of people, so when every one is bearish its time to change sides.
Last advice is: Do not take any ones advice.

Good Luck

Naseri 20:30 GMT May 31, 2010
Usd/chf
Reply   
USDCHF
Entry: Target: Stop:

It is more likely to go down to around 1.15, and after that, it might have potentially to go up to around 1.16.

Syd 20:29 GMT May 31, 2010
ECB Trichet: Euro Retaining Value Is Essential For Confidence
Reply   
BRUSSELS - The capacity of the euro as a currency to retain
its value is essential for maintaining investor confidence, which in turn is key to the Eurozone recovery, European Central Bank President Jean-Claude Trichet said according to the text of an interview published on Monday. The euro has lost value in recent months as investors worried about the high debt levels in many Eurozone member states and how that would impact the economic recovery. “The euro is a credible currency which inspires confidence,” Trichet told French newspaper Le Monde. “Confidence is the most important ingredient for the consolidation of Europe’s economic recovery.” “The euro’s capacity to maintain its value is absolutely essential for the confidence of investors both inside and outside the euro area,”
he said.
marketnews.

USA BAY 20:28 GMT May 31, 2010
Trading
Reply   
Dinga BB,

No one can give an accurate prediction only an educated guess. Always do your own analysis, get a second opinion from the fellow traders here and then make your trade based on your own assessment and strict money management. Never blame anyone for your loss/mistake. Take everything and every mistake as an additional tip/lesson. Gt/Gl

Naseri 20:27 GMT May 31, 2010
Aud signal
Reply   
AUDUSD
Entry: Target: Stop:

It is more likely to go up to around 0.8480 or may be 0.85, and after that, it might have potentially to go down to around 0.84

MIAMI HFT 20:24 GMT May 31, 2010
EUR/USD

NOW your starting to understand the concept of trading

Dinga BB 20:22 GMT May 31, 2010
EUR/USD

Buy
Entry: Target: Stop:

So EUR/USD might go up then down or may be down then up. Great advice I will invest accordingly

Naseri 20:21 GMT May 31, 2010
gbp
Reply   
GBPUSD
Entry: Target: Stop:

It is more likely to go up to around 1.46, and after that, it might have potentially to go down to around 1.45 !

Don't sell until after tomorrow, no good sell until r1 is reached. I av a target for 1.4627-1.4710 for target. Abullish close today would take us higher to around 1.48 region by tomorrow. Arrow is tomorrows target if trend continues, while todays t.p is the BLUE LINE region.

MIAMI HFT 20:21 GMT May 31, 2010
EUR/JPY
Reply   
Sell EURJPY
Entry: 112.649 Target: 110.75 Stop:

Suprised no one is talking about the Eur/Jpy drop today worth about 100 pips. It recoverd back to current levels 112.00-112.20 im just for the waiting down trend to continue, this market is moving slower than censored through a constipated elephant.

Opinions from the 5%'ers are welcome

Naseri 20:13 GMT May 31, 2010
EUR/USD
Reply   
It is more likely to go up to around 1.2340 or higher, and after that, it might have potentially to go down to around 1.2250

Naseri 20:08 GMT May 31, 2010
usdjpy

all members have some words too say.

Naseri 20:07 GMT May 31, 2010
what a pig
Reply   
Sell EURUSD
Entry: Target: Stop:

I am short.

dunqa BB 20:07 GMT May 31, 2010
usdjpy

Sell GBPJPY
Entry: Target: Stop:

Just wondering ...which poster has the best record in giving accurate forecasts in this forum and who is the worst.

GVI Forex Blog 19:58 GMT May 31, 2010 Reply   
Tuesday Highligts and Calendar

GVI Forex- Data Outlook for June 1, 2010

OTTAWA 19:58 GMT May 31, 2010
G20
Reply   
G20 ministers to discuss Europe at Korea G20 meeting


OTTAWA (Reuters) - There will be considerable discussion about the European economy at the G20 meeting of finance officials and central bankers in Busan, South Korea, this weekend, a senior Canadian finance official said on Monday.

FRANKFURT/MADRID 19:56 GMT May 31, 2010
EUR/USD

ECB warns of more bank loan losses

FRANKFURT/MADRID (Reuters) - The European Central Bank warned on Monday that euro zone banks face up to 195 billion euros in a "second wave" of potential loan losses over the next 18 months due to the financial crisis, and disclosed it had increased purchases of euro zone government bonds.

GVI Forex john 19:55 GMT May 31, 2010
GVI Forex Trading Support
Reply   

 

 

TUESDAY

 

 

0:30

AU

Apr Retail Sales

0.50%

0.30%

3:30

AU

RBA (4.50%)

unch

unch

6:45

CH

GDP qq 1Q

0.60%

0.70%

6:45

CH

GDP yy 1Q

1.70%

0.60%

7:30

CH

May Mfg PMI

64.2

65.9

8:30

UK

MFG PMI May

58.7

58

9:00

EZ

Apr Unemploy

10.10%

10.00%

13:00

CA

BOC Rates (0.25%)

+25??

unch

14:00

US

Apr MFG PMI

59.5

60.4

14:00

US

Apr Construction

-0.10%

0.20%

 

global-view 19:42 GMT May 31, 2010
housecleaning
Reply   
global-view is not a place for domestic disputes.
all non-trade related posts were deleted.
stick to trade related posts

Naseri 19:42 GMT May 31, 2010
EUR/USD
Reply   
I'm getting sick of guessing direction.. I'll just sell tops and that's about
it.. Now waiting for Pivot, if it gets there I'll sell.
Then R1 and so on..

Tehran 19:40 GMT May 31, 2010
sleep
Reply   
Time too sleep GBP. I think we should wait untill 1.4558

london sam 18:39 GMT May 31, 2010
be cool
Reply   
hey dudes everyone should be civil, take a chill pill...relax don't get fustrated be cool, i thought you guys were porfessional!!!.....i'm a beginner to forex and believe me i need all the help and assistance and tip suggestions (everyday), and i have found a good website for this....and its this website, so everybody be cool, u be cool

sam

HK [email protected] 18:36 GMT May 31, 2010
gbpusd

Amman wfakhoury 18:33 GMT May 31, 2010
gbpusd: Reply
all dogs start shouting togather..enjoy

WHEN A DONKEY PASSES!!!

Hillegom Purk 18:35 GMT May 31, 2010
gbpusd 14560 profitmaker alert

No thanks Rana San. Respect and greatfullness is a good thing. Have a nice and happy day. How many years in Japan?

Amman wfakhoury 18:33 GMT May 31, 2010
gbpusd
Reply   

HK [email protected] 18:29 GMT May 31, 2010
gbpusd 14560 profitmaker alert

.
tokyo rana 18:26 GMT May 31, 2010

This is a multicultural forum, where the only common to all, is the use of the English language.

GVI Forex Blog 18:28 GMT May 31, 2010 Reply   
U.K. and U.S. holidays mean light liquidity Canada leading the G7 pack on economic growth Hatoyama under political pressure; JPY weaker SNB seeks "stable" euro

Forex Market Commentary and Analysis (31 May 2010)

Amman wfakhoury 18:17 GMT May 31, 2010
gbpusd 14560 profitmaker alert
Reply   
tokyo rana 17:57 GMT May 31, 2010
short: Reply

Amman wfakhoury 18:06 GMT May 31, 2010
gbpusd 14560 profitmaker alert
Reply   
This alert does not cancel that the pairs in sell mood,
this alert says if you want to sell another sell above 14560.

Hillegom Purk 17:58 GMT May 31, 2010
ANY TIPS PLEZE

good decision. This is a two way market with Holiday influences. Result: zilch.

tokyo rana 17:57 GMT May 31, 2010
short
Reply   
this means short gbpusd and eurusd now for sure,
happy trade

Amman wfakhoury 17:56 GMT May 31, 2010
eurusd 12320 profitmaker alert
Reply   
12320 will be touched again.

Amman wfakhoury 17:52 GMT May 31, 2010
gbpusd new profitmaker alert
Reply   
Amman wfakhoury 13:41 GMT May 31, 2010
gbpusd 14500 profitmaker alert: Reply
14500 will be touch again...sell here..sell another at intervals 40-50 pips if rise tp 14500 , no stop loss.
=====
14560 will be touched too.

tokyo rana 17:51 GMT May 31, 2010
buy

tokyo rana 15:44 GMT May 31, 2010
buy : Reply
Buy GBPUSD
Entry: Target: Stop:

this pair is buy....
bcoz bearish usdjpy.....
usd weaken accross the board....
happy trade,

london sam 17:44 GMT May 31, 2010
ANY TIPS PLEZE

cheers purk, i stay out like u say tmrow another day, another pip....

tokyo rana 17:43 GMT May 31, 2010
jpy

dear hk Kevin,
your still hold position or closed?
im still hold,
happy trade,

Hillegom Purk 17:39 GMT May 31, 2010
ANY TIPS PLEZE

Yes Sam, stay out, market has no significant buyers or sellers atm. Tomorrow another day another pip.

london sam 17:34 GMT May 31, 2010
ANY TIPS PLEZE
Reply   
hi guys, any tips for the day, im mean any right now.

:)
cheers

sam

Saar KaL 17:10 GMT May 31, 2010
eurusd 5 weeks
Reply   


i think some that are not posting
would be into this
see chart

High=close*0.591661146966165+0.506084654155782 Low=close*0.581495701581726+0.450256118932295 Error=0.0255

on average
1.23333 1.16501 for a week or 2
Nothin goes up forever

tokyo rana 16:50 GMT May 31, 2010
jpy


Entry: avg132.639 Target: 131.20 Stop: 133

short more gbpjpy avg .132.639 ...
eurjpy shorts closed with 50pips only plus...
happy trade,

Amman wfakhoury 16:09 GMT May 31, 2010
gbpusd
Reply   
tokyo rana 16:02 GMT May 31, 2010
gbpusd: Reply
target is open...
i said from this months low travel 500 to 800pips....
goodluck....

Amman wfakhoury 16:08 GMT May 31, 2010
usdjpy
Reply   
USABAY 15:58 GMT May 31, 2010
====
Dear USABAY usdjpy is not in Profitmaker , only gbpus and eurusd , eurjpy , any question on these pairs will be answered.

tokyo rana 16:02 GMT May 31, 2010
gbpusd

target is open...
i said from this months low travel 500 to 800pips....
goodluck....

USABAY 15:58 GMT May 31, 2010
gbpusd

Amman any view on USDJPY> TIA

Amman wfakhoury 15:57 GMT May 31, 2010
gbpusd
Reply   
tokyo rana 15:54 GMT May 31, 2010
=====
price action will tell what in buy..how many pips are you talking about ..what is your target....

tokyo rana 15:54 GMT May 31, 2010
gbpusd

man idonot use actionforex signals....
look my entries...
i check actionforex alot they are doing very well...
im most succesful here idonot make two ways calls...
price action will tell wait..
good luck..


Amman wfakhoury 15:51 GMT May 31, 2010
gbpusd
Reply   
tokyo rana 15:44 GMT May 31, 2010
----
to say this pairs is in buy is not enough , you have to give complete signals ...even you steal your signals from actionforex and others.

tokyo rana 15:44 GMT May 31, 2010
buy
Reply   
Buy GBPUSD
Entry: Target: Stop:

this pair is buy....
bcoz bearish usdjpy.....
usd weaken accross the board....
happy trade,

Lahore FM 15:22 GMT May 31, 2010
Trade Ideas

Buy USDCAD
Entry: Target: Stop:

above 1.0490 opens way for recent highs at 1.08.

tokyo rana 15:21 GMT May 31, 2010
jpy

GBPJPY
Entry: 132.648 Target: 140pips Stop: open

and same for eurjpy....
happy trade,

tokyo rana 15:15 GMT May 31, 2010
lets make money

wow wow..
Amman wfakhoury 13:57 GMT May 31, 2010
lets make money: Reply
make much money with my previous call .
we sold at 14524 X 3 lots

tokyo rana 15:07 GMT May 31, 2010
jpy

dear friend,
idonot know not much check news....
this move was expected as friday rejected...
going well gbpjpy and eurjpy...
happy trade,
HK kevin 15:05 GMT May 31, 2010

HK kevin 15:05 GMT May 31, 2010
jpy

tokyo rana 15:03 GMT, any news out?

tokyo rana 15:03 GMT May 31, 2010
jpy

wat a day....happy trade,

tokyo rana 14:37 GMT May 31, 2010
jpy

my short avg132.648
short term targets 132.16, 131.81 and 131.52
longer term targets 131.52 and 128.70............
happy trade,

tokyo rana 14:30 GMT May 31, 2010
jpy

dear friend,
welcome welcome....
lets see wat happen....
ithink gbpjpy can go below 130easly than long for 139....
but my target only 100pips no greed...
happy trade,
HK kevin 14:26 GMT May 31, 2010

HK kevin 14:26 GMT May 31, 2010
jpy

tokyo rana 13:23 GMT, joined you at 132.85, stop at 133.51 and also looking for 100 pips in today's quiet market.

Amman wfakhoury 13:57 GMT May 31, 2010
lets make money
Reply   
make much money with my previous call .
we sold at 14524 X 3 lots

Amman wfakhoury 13:41 GMT May 31, 2010
gbpusd 14500 profitmaker alert
Reply   
14500 will be touch again...sell here..sell another at intervals 40-50 pips if rise tp 14500 , no stop loss.

tokyo rana 13:23 GMT May 31, 2010
jpy

Sell GBPJPY
Entry: avg132.648 Target: 100pips Stop: open

happy trade,

tokyo rana 13:22 GMT May 31, 2010
jpy

Sell EURJPY
Entry: avg 112.559 Target: 100pips Stop: open

happy trade,

Lahore FM 12:55 GMT May 31, 2010
Trade Ideas

Buy EURAUD
Entry: 1.4538 Target: open Stop: 1.4430

long here.

Berlin ah 12:29 GMT May 31, 2010
EUR.USD: German president resigns
Reply   
President Köhler resigns

Published: 31 May 10 14:12 CET
Updated: 31 May 10 14:24 CET

GVI Forex Blog 12:24 GMT May 31, 2010 Reply   
The euro inched up on Monday, recouping small losses incurred after a cut to Spain's debt rating, but the currency remained on the back foot as the downgrade highlighted ongoing structural weaknesses in the euro zone.

FOREX NEWS - Euro edges up, but still vulnerable (RTRS)

GVI Forex Blog 12:06 GMT May 31, 2010 Reply   

FX Thoughts for the day : 31-May-2010 - 1205 GMT

Saar KaL 11:36 GMT May 31, 2010
eurjpy
Reply   


eurjpy
113.216 112.324
High=close*0.326472082861043+76.4604535956309 Low=close*0.240982745451827+85.1929425491024


Buying

tokyo rana 11:36 GMT May 31, 2010
jpy

Dear Kal.
for you..happy trade,
tokyo rana 11:35 GMT May 31, 2010

tokyo rana 11:35 GMT May 31, 2010
jpy

Buy GBPJPY
Entry: 128/129 Target: 139 Stop: open

dear friend,
thank you so much...
idonot want buy here thats why closed gbpjpy long......
i have long orders 128/129 bcoz iwant 1000pips gbpjpy top is 139 ithink as AS said.....
happy trade...

Saar KaL 11:30 GMT May 31, 2010
jpy



133.472 132.445
High=close*0.388106618584123+82.0446590864478 Low=close*0.300764981934635+92.5908535207907 Error=0.4587

Rana I am Buying
132.45 to 132.00
TGT 133.5
see chart

tokyo rana 11:27 GMT May 31, 2010
jpy

Buy EURJPY
Entry: 111.00 Target: 119/128 Stop: open

short gbpjpy 132.523 eurjpy 112.50 looking for 100pips....happy trade,

tokyo rana 11:23 GMT May 31, 2010
jpy

today look like not up not down bcoz london usa close....
happy trade,

tokyo rana 11:22 GMT May 31, 2010
jpy

dear chennai NEO,
thank you so much...
i can be wrong....
just gambling.....
ok iwill buy 111.00.....
short close with 100pips.....
happy trade,

chennai NEO 11:18 GMT May 31, 2010
jpy

I like the sell order @ 112.55 of EJ..again u have an buy stop @ 111.50 am expecting it to go till 110.89 today or tomorrow early . i dunt see it crossing 113.67 any time before today.. reconsider ur option of buying @ 111.50.. any valuable inputs from rana or anyone wud be much appreciated :) hope u dunt mistake me rana.. gl /gt all :) cheers

Saar KaL 11:16 GMT May 31, 2010
Eurusd all week



sorry
cable chart

if you any other pair
let me know

Saar KaL 11:13 GMT May 31, 2010
Eurusd all week

this is for cable with shorter time frame

see chart

High=close*0.235574646837493+1.11309506146255 Low=close*0.409418915528627+0.852548880530743 Error=0.0033

avg range 1.4543 1.4455

Saar KaL 11:10 GMT May 31, 2010
Eurusd all week
Reply   



IMO this will work
Visial (Chart) + Handel Equations
these Equation are made from simulated closes inside the time frame of the chart
w/ relation to 90% percentile and 10th (Red and green)
They are suppose to handel and situation to place orders
Inside the time frame Given

High=close*0.187056912492174+1.01556846959243 Low=close*0.212715811912288+0.959060427562618 Error=0.0084

to place an order(s) to what ever the situation is (MKT) and what you want to do...these will do a good job IMO
But placing many with average well
use the error to offset (If scared)..ie - error if want to buy
+ error if you want sell
avg order now
is
1.2455 1.2205

Melbourne Qindex 10:50 GMT May 31, 2010
EUR/GBP : Critical Support 0.8414

EURGBP
Entry: Target: Stop:

EUR/GBP : Keep an eye on this pair when you are trading EUR/USD and GBP/USD this week. Market markers are in action.

GVI Forex Blog 10:23 GMT May 31, 2010 Reply   
Thin liquidity conditions prevailed and the major pairs were little changed from their opening levels seen in Asia. The European impact of its austerity measures remain the dominant theme highlighted by the French budget minister weekend comments that it would be a "stretch" for France to keep its

European Market Update: ECB's Trichet says Euro is a credible currency and keeping its value in 'remarkable fashion'; India's GDP accelerated in recent quarter (Trade the News)

GVI Forex Blog 10:14 GMT May 31, 2010 Reply   
Traders of the US anticipate the publication of the ISM Manufacturing Index.

Forexpros Daily Analysis - 31/05/2010

Melbourne Qindex 10:07 GMT May 31, 2010
EUR/GBP : Critical Support 0.8414

EURGBP
Entry: Target: Stop:

EUR/GBP : The market is going to vibrate around 0.8469 with an expected magnitude of 0.8404 - 0.8533 for the time being. The downside targeting point is 0.8340 and an upside potential is 0.8598. I am still bias on the downside at this moment.


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

Melbourne Qindex 09:59 GMT May 31, 2010
GBP/USD : Daily Cycle Analysis

GBPUSD
Entry: Target: Stop:

GBP/USD : The market is under pressure when it is rejected from the barrier at 1.4494 // 1.4604. Speculative selling pressure will increase when the market downward trending momentum is strong enough to penetrate through the barrier at 1.4275 // 1.4385.

tokyo rana 09:29 GMT May 31, 2010
jpy

Buy EURJPY
Entry: 111.50 Target: open Stop: open

here ihave long orders....
happy trade,

Gen dk 09:25 GMT May 31, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

tokyo rana 09:05 GMT May 31, 2010
jpy

Sell GBPJPY
Entry: 132.70 Target: 131.70 Stop: open

happy trade,

tokyo rana 08:59 GMT May 31, 2010
jpy

Sell EURJPY
Entry: 112.55 Target: 111.55 Stop: open

short gbpjpy 132.55 also for 100pips......
happy trade,

Saar KaL 07:44 GMT May 31, 2010
gbpaud
Reply   


1 minute chart show north
Longed

Saar KaL 07:37 GMT May 31, 2010
Eur/Usd



ok to sell eurusd for next 3-4 hrs i guess
1 minute data

Saar KaL 07:29 GMT May 31, 2010
Eur/Usd



did the 5 Minutes for eurusd
for us session start will buy at 1.2245 area

Saar KaL 07:23 GMT May 31, 2010
GBPNZD
Reply   


Short here
see chart

Lebanon 07:22 GMT May 31, 2010
Eur/Usd
Reply   
Goodmorning everybody ,
I see buy eur/usd at 1.2275 this week will be a good tade ,

Goodluck for all

Saar KaL 07:15 GMT May 31, 2010
cable Channel



GBPJPY 5 minutes
Don't let him fool yeh

Saar KaL 07:11 GMT May 31, 2010
gbpusd some spicy pips



did the 5 minutes
Looks like this
1.4510 to 1.4543
seems fine for today

Amman wfakhoury 07:09 GMT May 31, 2010
gbpusd 25 spicy and hot pips
Reply   
Amman wfakhoury 07:01 GMT May 31, 2010
gbpusd some spicy pips: Reply
Amman wfakhoury 06:16 GMT May 31, 2010
gbpusd spicy pips tp: Reply
this is valid within yhis hour only
buy if price decline below 14460 tp 20 pips fast
---bought at 14460 will exit at 14480


=====
exited 14485 for 25 pips.

Amman wfakhoury 07:01 GMT May 31, 2010
gbpusd some spicy pips
Reply   
Amman wfakhoury 06:16 GMT May 31, 2010
gbpusd spicy pips tp: Reply
this is valid within yhis hour only
buy if price decline below 14460 tp 20 pips fast
---bought at 14460 will exit at 14480

Saar KaL 06:27 GMT May 31, 2010
cable Channel



wassssss up audusd?

Amman wfakhoury 06:26 GMT May 31, 2010
you cable chart
Reply   
Saar KaL 06:21 GMT May 31, 2010
------
understood that we are now at sell area 14495.

Saar KaL 06:21 GMT May 31, 2010
cable Channel



Opps
that was da eurusd
now that's GBPUSD
x-axis is NY Date Time

Saar KaL 06:19 GMT May 31, 2010
cable Channel
Reply   


Maybe da channel to trade at 90%
should correct somewhere here

Amman wfakhoury 06:16 GMT May 31, 2010
gbpusd spicy pips tp
Reply   
this is valid within yhis hour only
buy if price decline below 14460 tp 20 pips fast

HK [email protected] 06:16 GMT May 31, 2010
NEWS
Reply   
Up to 15 people were killed on raid of Israeli forces on Gaza Flotilla.
AlJazeera

Amman wfakhoury 06:02 GMT May 31, 2010
You forget
Reply   
singapore pmc 05:57 GMT May 31, 2010
-----
good .. tell us when you will exit.
may be you forget to tell us what your lunch will be.
and what the color of your shirt yoday.

singapore pmc 05:57 GMT May 31, 2010
jpy

Dear rana,
i'm still holding my long position ! :D

Amman wfakhoury 05:50 GMT May 31, 2010
GMT
Reply   
london sam 23:48 GMT May 30, 2010
GMT UPDATE : Reply
OK, YOU WIN GMT IS CONSTANT I JUST CHECKED IT, CHEERS
SAM

------
surprise , you are living in london

Haifa ac 05:43 GMT May 31, 2010
Record High USD Longs Suggest Correction Near-UBS

Since only 9 trading days to expiration of the June conrtacts on the Futures side-- prepare for ONE AWESOME SHORT SQUEEZE to develop
Shorts on dollars have no where to run
Longs on Euro have no where to run
Market is the MOST CRUEL animal on earth when it senses Weakness on the LOSING SIDE!

GVI Forex Blog 04:40 GMT May 31, 2010 Reply   
Spain credit ratings downgrade hurts euro

ImperialFXonline : Daily FX Market Review

Syd 04:23 GMT May 31, 2010
NZD/USD Trying To Decouple From EUR - Dealer
Reply   
NZD/USD attempting to decouple from EUR, showing early signs of success, but test may be later in week after return from European May Day holidays when traders fully respond to Fitch sovereign credit downgrade of Spain, says Custom House Western Union dealer Chris Hunter. "It's certainly dusted the European dramas off its shoulders for the moment. And with another strong business confidence survey as well, all of the sudden the sun is shining." Says NZD/USD support around 0.6800 has now held for 3 sessions, may even push higher, but true test to come tonight even in limited holiday affected market.

tokyo rana 04:23 GMT May 31, 2010
jpy

Buy GBPJPY
Entry: Target: Stop:

this pair RSI is better than eurjpy...any view please?
does is matter?
happy trade,
regards,

tokyo rana 04:07 GMT May 31, 2010
jpy
Reply   
Buy EURJPY
Entry: 112.4 Target: open Stop: open

hello to everyone.
any view about this pair intraday?
happy trade,
regards,

GVI Forex Blog 03:31 GMT May 31, 2010 Reply   

Morning Briefing : 31-May-2010 - 0330 GMT

Mtl JP 03:29 GMT May 31, 2010
Record High USD Longs Suggest Correction Near-UBS

duh .. USD/CAD has fallen from ... 1.0850 ...
strategist at UBS more like a historian

Syd 02:59 GMT May 31, 2010
Victorian home sales surge; slump in NSW
Reply   
Strong headline Australian new home sales in April - up 6.0% on month according to latest Housing Industry Association data - skewed by outperformance in Victoria state, where new home sales up by massive 27.6%, buoyed by generous state government grants.

Syd 02:34 GMT May 31, 2010
Record High USD Longs Suggest Correction Near-UBS
Reply   
CFTC data show net USD speculative longs at new record high of 180,000 contracts in week to May 25, easily surpassing previous record high of 165,000 set in November 2005; as comes with lowest level of AUD longs in more than one year, data suggest "scope for further AUD/USD downside is diminishing," as investors are likely finishing expanding USD bets, trimming AUD longs, says Gareth Berry, strategist at UBS. Data also show cuts to bets on commodity currencies, suggesting these units may be set for rebound after recent slump, as investors wind down sell-offs. Indeed, USD/CAD has fallen from its multi-month high marked on May 25 at 1.0850 to last 1.0509

Cbj Jake 02:20 GMT May 31, 2010
Euro price extremes
Reply   
This is a comprehensive technical description of euro's price movements since '08. It is articulate, well focused and a pleasure to read - esp on a Sun night.

http://www.gold-eagle.com/gold_digest_08/hamilton052110.html

Syd 01:32 GMT May 31, 2010
Australian Housing-Sector Credit +0.5% In April Vs March
Reply   
DJ Australia 1Q Inventories +0.5% Vs +0.4% Consensus
Australia 1Q Curr Acct Deficit A$16.55B; Seen Deficit A$16.2B
Australia 1Q Co Profits +3.9% Vs +3.0% Consensus

sao 01:25 GMT May 31, 2010
eurusd
Reply   
eurusd at 1.2320 now, it will be nice if it can reach 1.2380/1.2400. There we will define if we go to 1.30 with a good empleyment number on friday.

Hong Kong 01:15 GMT May 31, 2010
Daily Market Outlook by AceTrader
Reply   
Market Review - 28/05/2010 18:18GMT

Euro weakens after Fitch downgrades Spain's sovereign debt rating

The single currency declined broadly on Friday after Fitch Ratings downgraded Spain's credit rating from AAA to AA+, fueling worries that the European sovereign-debt crisis would worsen and dampen economic recovery.

Despite initial firmness in Australia after Thursday's short-covering strong rise to 1.2395 in NY on rebound in U.S. equities, short-term speculators pushed euro lower in Asian morning after triggering stops at 1.2320, then 1.2300 and hit a low of 1.2281 before rallying back to 1.2454 in European morning, however, the single currency weakened again on renewed selling by various accounts and nose-dived to 1.2265 in NY afternoon after Fitch cut Spain's sovereign debt rating.

The ratings agency downgraded Spain's rating to AA+ from AAA with outlook for both long-term ratings 'stable' as Fitch expected Spain's adjustment to lower debt level would materially reduce the rate of economic growth and inflexibility of Spanish labour market plus restructuring of regional savings banks (CAJAS) would hinder pace of such adjustment.

In other news earlier, Japan's FINMIN Naoto Kan said at a news conference in Tokyo that at next week's G20 meeting, 'some nations may have an interest in discussing currencies; discussion of the impact of the European situation on currencies will be on the main agenda as well as financial regulation and developments in the global economy.' Later, report showed that the German coalition government is considering tax hikes on a small group of taxpayers while Chinese Finance Minister Xie Xuren said sovereign debt issues in Europe would affect global economic recovery. Xie also said Beijing will continue its proactive fiscal policy.

Versus the Japanese yen, the greenback extended previous day's rally at Tokyo opening due to strong demand for dollar at morning fixing, the pair continued to climbed to 91.41 at European opening before retreating from there to an intra-day low of 90.60 on cross buying in yen due to renewed risk aversion.

Although the British pound rallied fm 1.4490 to 1.4612 in Europe, cable tumbled to 1.4435 in tandem with euro after European closing before moving narrowly in NY afternoon. In other news, U.K. Prime Minister David Cameron said economic growth cannot be restored in Britain without getting the record budget deficit under control. In addition, UK Gfk consumer confidence survey in May hit its lowest level of -18 so far this year vs -16 in April, the readings signaled British consumers were increasingly gloomy over the future of the economy and turning negative on the outlook for their personal finances.

On economic front, U.S. Chicago PMI came in at 59.7 in May, much lower than the economists' forecast of 62.0 and well below 63.8 in April, U.S. core PCE price index rose by 0.1% in April as widely expected. U.S. personal income rose by 0.4% in April, less than the economists' forecast of 0.5% rise, after upwardly revised 0.4% increase in March. The downgrade of Spain dimmed risk appetite and DJI once dropped to 10090 before closing down by 1.19% at 10136.63.

Economic data to be released week include: Japan manufacturing PMI, industrial production, construction orders, housing starts, Australia trade balance, E.U. Business climate, economic sentiment, HICP flash, consumer confidence, Canada GDP and PPI on Monday. (U.S. and U.K. markets will be closed on Monday) Australia retail sales, Swiss GDP, PMI, Germany retail sales, manufacturing PMI, unemployment rate, E.U. Manufacturing PMI, unemployment rate, U.K. manufacturing PMI, Canada rate decision, U.S. construction spending and ISM manufacturing on Tuesday, Australia GDP, U.K PMI construction, Swiss retail sales, E.U. PPI and U.S. pending home sales on Wednesday. Japan business capex, Australia trade balance, U.K. house price, service PMI, Germany service PMI, E.U. Service PMI, retail sales, U.S. ADP employment, jobless claims, labor cost, productivity, durable goods, factory orders and ISM non-manufacturing on Thursday. E.U. GDP, Canada unemployment rate, Ivey PMI, U.S. avg. hourly earnings, non-farm payrolls and unemployment rate on Friday.

http://www.acetraderfx.com

GVI Forex WM 00:55 GMT May 31, 2010
eurusd
Reply   

Entry: 1.2313 Target: 1.2263 Stop: 1.2340 (stop lowered to 1.2313)

I couldn't post this quick enough in real time. I lowered the stop to breakeven as it is family time here on the holiday but could not resist the trade.

Porto Joao 00:38 GMT May 31, 2010
Greece: No restructure

Hello Adam!

Good to see you again. Hope everything is well with you and trendways ...!
I liked to "read" your opinion about this topic ... Do you think it is possible to restructure the debt next year? What is the solution to our countries and all others with the same problems? :-)

All the best!

Syd 00:35 GMT May 31, 2010
Australian Inflation Gauge Up 0.5% In May Vs April - TD Securities
Reply   
An indicator of inflation in Australia rose 0.5% in May compared with a month earlier, adding to views building price pressures in the economy will need to be offset by higher interest rates.

The newly introduced 25% government tobacco tariff was singled out as the biggest contributor to price increases over the month, along with petrol and banking services, while fruit, vegetables, holiday travel and sport costs eased.

In the 12 months to May, the TD Securities-Melbourne Institute Monthly Inflation Gauge rose by 3.7%, the fastest pace since October 2008 and smashing through the upper limit of the Reserve Bank of Australia's 2%-3% inflation target range.
Excluding the tobacco tax, inflation rose by 3.3% annually or 0.1% on month. Underlying inflation rose by 0.4% in May and 3.5% through the year. Annette Beacher, senior strategist at TD Securities, said the inflation read clearly argues for the RBA to tighten policy again.
"The markets are clearly overshooting by pricing in a material risk of a rate cut in the coming months, but with a fully-employed economy and price pressures clearly building up a head of steam, a rate cut is the last thing this economy needs," she said.

Malaysia KKH 00:34 GMT May 31, 2010
Today's Tradings
Reply   
Today 31st. May will be for the investors to close and protect their positions. Big show will be on from 3.00pm onwards until 10.0pm (GMT +8.00 areas Malaysia & Singapore time) So, be careful all traders.

Happy trading.

Singapore CG 00:21 GMT May 31, 2010
usdjpy
Reply   
From Reuters:

The dollar was steady at 91.05 yen JPY=. Japanese exporters are expected to sell the greenback when it nears 91.50 yen, traders said.

Month-end flows may have some impact on dollar/yen towards the Tokyo fixing time (0100 GMT) but the currency pair is basically seen staying around 91 yen, they said.

Market players are keeping an eye on Japan's political turmoil after Japan's tiny Social Democratic Party on Sunday left the ruling coalition ahead of an election, although its impact on the currency market so far is seen as limited

GVI Forex john 00:02 GMT May 31, 2010
GMT UPDATE

sam trading should be subdued into the Monday holidays in London and N.Y. Best to start out when there is more liquidity in the markets. One piece of advice from someone who has been in these markets for over 35 years, keep your leverage low when you start out and your stops close.


My three top rules.
1) Keep your leverage low.
2) Keep your stops close.
3) Don't over-trade.

 




Actionable trading levels delivered LIVE to YOUR charts

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 27 May 2019
AAGB/US- Holiday
Tue 28 May 2019
A 14:00 US- Consumer Confidence
C 13:00 US- Case-Shiller
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A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
A 12:30 US- Weekly Jobless
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