Syd 23:37 GMT August 3, 2010
Banks Continue to Suffer From Lackluster Revenue: Whitney
Reply
Whitney told CNBC in May that investors should "avoid financials at all costs," primarily because of the financial reform bill. But she said Tuesday that a bigger worry now is the revenue shortfalls caused by the still weak housing market and by a lack of deals on Wall Street. For that reason, she still expects financial stocks to do poorly. In Europe, stress tests designed to measure the strength of bank balance sheets "were arguably negotiated," and didn't address the fact European banks are sitting on a lot of overvalued sovereign debt, Whitney said. "The stress tests did a lot to tell you the obvious, a lot was not taken under consideration," Whitney said.
http://www.cnbc.com/id/38543114
Syd 23:32 GMT August 3, 2010
Australia's July Performance Of Services Index -2.2 Pts To 46.6 Pts
Reply
dj Australia's services sector continued to contract in July, dragged by cautious consumers and waning fiscal stimulus, a performance gauge produced by an industry group published Wednesday shows. The Australian Industry Group-Commonwealth Bank Performance of Services Index fell 2.2 points to 46.6 in July from June, below the 50 point mark separating contraction from expansion.
Syd 22:39 GMT August 3, 2010
Oz election
Reply
LABOR could lose enough seats in NSW and Queensland alone to be turned out of office or left relying on independent MPs
http://www.theaustralian.com.au/national-affairs/qld-nsw-voters-turn-on-labor/story-fn59niix-1225900833000
Problem is that even if Coalition get more votes than Labor , at the end of the Day the Greens who want an even higher Mining Tax !! will be able to swing the power back to Labor - OR the worse case scenario could happen , A Hung Parliament -
Lahore FM 21:53 GMT August 3, 2010
Trade Ideas
see some extreme markets yet ahead.
two way rather than one way.let us see about it this august,
Syd 21:34 GMT August 3, 2010
Meredith Whitney, Meredith Whitney Advisory Group founder/CEO.
Reply
The Bottom Line on Financials
A look at whether the data we're seeing is a sign of a real turnaround in the sector, with Meredith Whitney, Meredith Whitney Advisory Group founder/CEO.
LINK
Fed Is Unlikely to Take Major Steps to Boost US Economy
Markets might be getting ahead of themselves in anticipating some bold new moves from the Federal Reserve to combat the weakening economyLINK
jerusalem kb 21:04 GMT August 3, 2010
USDJPY
Reply
USDJPY
Entry: Target: Stop:
Should USDJPY return to 85.00, intervention could become a real possibility
jerusalem kb 20:59 GMT August 3, 2010
sell usdchf
Look for a rate hike from the central bank in the fall, as the SNB's concern shifts from deflation to inflation. 1.0130/1.0020 ON CARD
Syd 20:56 GMT August 3, 2010
Forrest tips iron ore price drop
Reply
FORTESCUE Metals is forecasting that iron ore prices could drop almost 25 per cent in the September quarter due to falling Chinese demand.
Mr Forrest launched another public attack on the Labor government's proposed mineral resources rent tax, saying it would make Australia uncompetitive as an investment destination. "Canada, New Zealand and Uzbekistan become more appealing when it comes to taxation policy," he said.He believed industries that serviced the mining industry in Queensland and Western Australia were suffering amid the tax uncertainty, as miners looked to develop overseas projects. "What you're seeing is a mining industry moving overseas and I think that's very sad for Australia," he said.
Fortescue will soon complete a feasibility study for its next-generation Solomon project in the Pilbara, which has been placed on hold since the government's tax plans were announced in May
ABC
GVI Forex john 20:25 GMT August 3, 2010
GVI Forex Trading Support
LATEST PIVOT POINTS
Entry: Target: Stop:
Pivots EUR/USD USD/JPY USD/CHF GBP/USD USD/CAD
Res 3 1.3392 87.39 1.0485 1.6091 1.0320
Res 2 1.3326 87.03 1.0449 1.6029 1.0296
Res 1 1.3278 86.42 1.0419 1.5986 1.0267
Pivot 1.3212 86.06 1.0383 1.5924 1.0243
Sup 1 1.3164 85.45 1.0353 1.5881 1.0214
Sup 2 1.3098 85.09 1.0317 1.5819 1.0190
Sup 3 1.3050 84.48 1.0287 1.5776 1.0161
GVI Forex Blog 20:19 GMT August 3, 2010
Reply
US economic data (personal spending, factory orders, home sales) and earnings (Dow Chemical, Procter and Gamble) results presented mild disappointments to investors.
Forex Research - Morning Report (Westpac)
jerusalem kb 19:58 GMT August 3, 2010
SELL PENDING ORDER AUDUSD
AUDUSD
Entry: Target: Stop:
incase price couldn`t reach 261.8 in weekly chart , i will not miss it , i will use h4 chart and go short after a h4 close below support line
jerusalem kb 19:46 GMT August 3, 2010
SELL PENDING ORDER AUDUSD
This is audusd weekly chart , I belive that upside target could be reach 0.9325/52 which is 261.8fib ret. As shown in weekly chart 161.8 was strong support for the downtrend and push price higher from 0.8069(we went long there). Now I want to see the same reaction and to go short from 261.8fib and add a break of the trend line support but this time will hold for 8069 and lower.
this long term outlook
cape town DT 19:32 GMT August 3, 2010
Sleeping beauty
Reply
Buy USDCAD
Entry: 1.0230 Target: 1.0280 Stop:
Small movement whilst market is deciding which direction to take.... Should then break through 1.0200
GVI Forex Blog 19:06 GMT August 3, 2010
Reply
GBP/USD (a 4-hour chart of which is shown) as of Tuesday (8/03/2010) has been in clearly accelerated uptrend mode since yesterday when it broke out strongly above the top border of an already-steep
GBP/USD Due for Correction
GVI Forex john 18:03 GMT August 3, 2010
GVI Forex Trading Support
|
The Daily Forex View
USD
Slumps20:00
GMT- Aug 3 (global-view.com)Â One key focus of trade on Tuesday was
back on speculation that the Fed would soon be engaging in a second round
ofÂ
MORE
|
YVR MAXXIM 18:00 GMT August 3, 2010
Top Agents
GBPUSD
Entry: Target: Stop:
*Comments:NO
1.5900 Iqbal - 1.5967 ASSOCIATED
tokyo rana 17:48 GMT August 3, 2010
jpy
ok bought 85.8..good night...happy day,
GVI Forex john 17:38 GMT August 3, 2010
GVI Forex Trading Support
LATEST PIVOT POINTS
Entry: Target: Stop:
Pivots EUR/USD USD/JPY USD/CHF GBP/USD USD/CAD
Res 3 1.3363 87.33 1.0592 1.6175 1.0377
Res 2 1.3279 87.11 1.0535 1.6041 1.0337
Res 1 1.3223 86.78 1.0464 1.5965 1.0284
Pivot 1.3139 86.56 1.0407 1.5831 1.0244
Sup 1 1.3083 86.23 1.0336 1.5755 1.0191
Sup 2 1.2999 86.01 1.0279 1.5621 1.0151
Sup 3 1.2943 85.68 1.0208 1.5545 1.0098
Hillegom Purk 17:26 GMT August 3, 2010
bloggggg
Reply
I have a blog!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I like my Blog
err....
I can put anything on it i want!!!!!!!!!!!!!!!!!!!
err.
I will try to put one trade a day on it....
tokyo rana 17:17 GMT August 3, 2010
jpy
Buy USDJPY
Entry: 85.7 Target: 100to 200 Stop: 10pips
just a try,orders changed..now sleep..good night.happy trade,
jerusalem kb 17:12 GMT August 3, 2010
sell usdchf
i also start to see this so i am out at 5-pips but will short if price rise to 1.0460 .
ty fm
Lahore FM 17:09 GMT August 3, 2010
sell usdchf
kb,its likely that chf will take heat from jpy on chfjpy cross,and amy not get strong with usdchf dropping alongwith usdjpy.
jerusalem kb 16:48 GMT August 3, 2010
sell usdchf
Reply
Sell USDCHF
Entry: 1.0380 Target: 1.0268/1.0130 Stop: 1.0430
sold
tokyo rana 16:22 GMT August 3, 2010
jpy
still lowering usdjpy...im waiting for drop than buy...
Toronto MDunleavy 16:11 GMT August 3, 2010
Reply
Sell GBPUSD
Entry: 1.5960 Target: 1.5720 Stop: 1.6080
As expected, Cable moved up in the Asian and the European sessions today to touch a high of 1.5968. The pair honoured the Resistance at 1.5970 (61.8% retracement of the fall from 1.7042 (Aug-09) to 1.4227 (May-09)) and is currently trading lower. We may see the markets go down towards 1.5900-1.5700, before another rally beyond 1.60 figure in the coming days.
Amman wfakhoury 15:47 GMT August 3, 2010
gbpusd
Reply
West Van Bing 15:44 GMT August 3, 2010
=======
The pairs which goes direct with your position. and your
small equity.
West Van Bing 15:44 GMT August 3, 2010
gbpusd
which currency you suggest me to trade?
Amman wfakhoury 15:43 GMT August 3, 2010
gbpusd
Reply
West Van Bing 15:39 GMT August 3, 2010
=======
then trade other pairs than gbpusd..if this is the only one
moves against your direction.
West Van Bing 15:39 GMT August 3, 2010
n
profitmaker is wrong too, sorry, when you asked for GBP fall was 1.5910, GBP rebound to 1.5960, almost intraday high.
West Van Bing 15:32 GMT August 3, 2010
gbpusd 15925
I don't know how to play with this currency, always opp. my direction
Amman wfakhoury 15:26 GMT August 3, 2010
gbpusd 15925
Reply
West Van Bing 14:58 GMT August 3, 2010
gbpusd 15910: Reply
fastern seabelt for fly higher? GBP is very tricky
===========
we know very well how to deal with gbpusd..is heading now 15925.
Lahore FM 15:09 GMT August 3, 2010
Trade Ideas
Buy USDCHF
Entry: 1.0385 Target: Stop: 1.0360
bought.
West Van Bing 14:58 GMT August 3, 2010
gbpusd 15910
fastern seabelt for fly higher? GBP is very tricky
hk ooozmeeh 14:56 GMT August 3, 2010
GOLD
Reply
GOLD Daily Chart and my personal opinion
http://www.ibtimes.com/articles/20100803/bis-gold-swap-was-justprofit-making-trick.htm
Gold shold be where it belongs in due time, imho, gl gt.
tokyo rana 14:49 GMT August 3, 2010
jpy
GVI Forex Jay 14:48 GMT August 3, 2010
yes i saw earlier...happy day,
tokyo rana 14:44 GMT August 3, 2010
jpy
dear Jay,usdjpy at ur support now 85.68...nice work...happy trade,
hk ooozmeeh 14:44 GMT August 3, 2010
GOLD
Reply
BIS gold swap was just a profit making trick
And it was not Portugal banks which had pawned its gold to tide over the economic crisis. A few weeks ago when Portugal and Greece were facing severe financial crisis, a mysterious gold swap by undisclosed central banks with Bank for International Settlements had sparked rumours that Portugal and Greece banks were on the verge of collapse and they had pawned their gold.
This week, the truth has come out through a report in Financial Times. The FT report said three big banks - HSBC, Société Générale and BNP Paribas - were among more than 10 based in Europe that swapped gold with the Bank for International Settlements in a series of unusual deals.
http://www.ibtimes.com/articles/20100803/bis-gold-swap-was-justprofit-making-trick.htm
GVI Forex Blog 14:33 GMT August 3, 2010
Reply
Aug 3 (global-view.com) UPCOMING DATA HIGHLIGHTS: The Far East will see Australian trade data. In Europe, EZ and U.K. Service PMI data are due. EZ retail sales are slated as well. In North America, U.S. weekly mortgage statistics, ADP Private jobs and the ISM Service PMI are due. Also weekly energy inventories are slated.
GVI Forex- Data Outlook for Aug 4, 2010
GVI Forex john 14:31 GMT August 3, 2010
GVI Forex Trading Support
|
Aug 3
(global-view.com) UPCOMING DATA HIGHLIGHTS: The Far East will see Australian
trade data. In Europe, EZ and U.K. Service
PMI data are due. EZ retail sales
are slated as well. In North
America, U.S.
weekly mortgage statistics, ADP Private jobs and the ISM Service PMI are due.
Also weekly energy inventories are slated.
|
|
|
WEDNESDAY
|
|
|
|
.:00:30
|
AU
|
Trade
A$bln Jun
|
1.8
|
1.645
|
|
7:58
|
EZ
|
SVC PMI Jul
|
56
|
56
|
|
8:30
|
UK
|
SVC PMI Jul
|
54.4
|
54.4
|
|
9:00
|
EZ
|
Retail
Sls mm Jun
|
0.10%
|
0.20%
|
|
9:00
|
EZ
|
Retail
Sls yy Jun
|
1.00%
|
1.00%
|
|
11:00
|
US
|
WK
Mortgage Stats
|
n/a
|
n/a
|
|
12:15
|
US
|
ADP Jobs k Jul
|
35
|
13
|
|
14:00
|
US
|
SVC PMI Jul
|
53
|
53.8
|
|
14:30
|
US
|
EIA
Crude mn
|
-1
|
7.31
|
|
14:30
|
US
|
EIA
Distillate mn
|
1.1
|
0.091
|
|
14:30
|
US
|
EIA
Gasoline mn
|
-0.7
|
0.931
|
|
14:30
|
US
|
EIA
Cap Util
|
90.00%
|
90.60%
|
|
Belgrade TD 14:29 GMT August 3, 2010
positions
Reply
sell AUD/USD 0,91
sell EUR/USD 1,3190
buy USD/CAD 1,0264
intraday ... stop and target latter
Amsterdam Purk 14:26 GMT August 3, 2010
GBP/USD Intra-day signal by AceTrader
Amsterdam Purk 10:18 GMT August 3, 2010
GBP/USD Intra-day signal by AceTrader : Reply
Cable will soon trade under 159.
_________________________________
Yawn. Better trade the Clogs news.... just lucky of course....
GVI Forex john 14:22 GMT August 3, 2010
GVI Forex Trading Support
Pending homes sales are usually a good predictor of the most important housing report (existing homes sales). Looks to me like last month's lousy data has been confirmed.
Belgrade TD 14:17 GMT August 3, 2010
scalp
... sold AUD/USD at 0,9112 ...
closed at ~ 0,9089, looking for another sell at ~0,910/0,911
Amman wfakhoury 14:11 GMT August 3, 2010
gbpusd 15910
Reply
we are now at fl 15910 ...pls keep fasten your seat belt...
will decend more.
tokyo rana 14:11 GMT August 3, 2010
jpy
Sell at 86.40, adding to 87.00; stop above 87.75. First target 86.00/85.85, then 85.75/85.50.
iwill only buy 85.50 target 87.50 stop 85.40.....happy day
GVI Forex john 14:11 GMT August 3, 2010
GVI Forex Trading Support
ECONOMIC DATA CHART
Entry: Target: Stop:
Pending Homes Sales look pretty grim for future data...
tokyo tommy 14:08 GMT August 3, 2010
usd/jpy
Reply
Buy USDJPY
Entry: 85.75 Target: 85.90 Stop: 85.50
maybe tmw downward trend , today back to 86
Boston RS 14:06 GMT August 3, 2010
jpy
There looks like a usdjpy bid at 85.70. I wonder who that could be?
Belgrade TD 14:02 GMT August 3, 2010
eco data
house data - worse than exp.
Amman wfakhoury 13:57 GMT August 3, 2010
gbpusd
Reply
londondon tower I am now at 15926 can I continue to 15910
Amman wfakhoury 13:52 GMT August 3, 2010
gbpusd
Reply
you are at fl 15939 now clear to decend to 15910.
Belgrade TD 13:47 GMT August 3, 2010
scalp
Reply
ok since we are on high or low (depending on pairs) it's time for scalp :) ... sold AUD/USD at 0,9112 ...
Lahore FM 13:46 GMT August 3, 2010
Trade Ideas
Sell S&P
Entry: 1117.75 Target: Stop: 1124.50 rigid
sold final tranche.3rd one.
Lahore FM 13:45 GMT August 3, 2010
Trade Ideas
gold likely to make some distance yet on the upside.
Amman wfakhoury 13:45 GMT August 3, 2010
gbpusd fasten seat belt
Reply
we are at level 15933..pls fasten seat belt we need to decend to fl 15910 again within 10 mins
Lahore FM 13:43 GMT August 3, 2010
Trade Ideas
Buy Gold
Entry: Target: Stop:
07/30/2010 17:43:15 FM Lahore 16
Buy Gold
Entry: Target: Stop:
07/29/2010 21:40:15 FM Lahore 12
Buy Gold
Entry: Target: Stop:
gold 1168 and silver 17.60 now,look like better buys on daychart from present levels.
--
closed halves...gold at 1182 now and silver at 17.97,stops placed 1163.00 and 17.60 for remainders.
--
closed long silver at 18.43 now for 83 cents in all.
Amman wfakhoury 13:31 GMT August 3, 2010
gbpusd 15910
Reply
Amman wfakhoury 09:25 GMT August 3, 2010
gbpusd within one hour: Reply
will rise to reach 15941 then decline 15910
========
gbpusd at 15910 after the alert for the delay to reach this level.
tokyo rana 13:29 GMT August 3, 2010
jpy
my charts telling usdjpy still south...happy day,
jerusalem kb 13:27 GMT August 3, 2010
buy gbpjpy
GL rana
jerusalem kb 13:26 GMT August 3, 2010
sell gbpusd
stopped out too!
tokyo rana 13:25 GMT August 3, 2010
buy gbpjpy
jerusalem kb 13:24 GMT August 3, 2010
im minus shorts 37pips...lets try next time..happy day,
Belgrade TD 13:25 GMT August 3, 2010
Crude oil accumulation
... for rest 1/4 stop at 79,80 ...
///
new stop on this last 1/4 long at 81,20 ...
jerusalem kb 13:24 GMT August 3, 2010
buy gbpjpy
stopped in this one 70pips-
Lahore FM 13:16 GMT August 3, 2010
Trade Ideas
Sell Crude
Entry: 82.09 Target: Stop: 82.60
08/02/2010 15:06:59 FM Lahore 6
Sell Crude
Entry: 81.15 Target: 69 Stop: 81.90
sold a second tranche
--
sold crude after taking a stop hit.
Belgrade TD 13:15 GMT August 3, 2010
eco data
negligible impact from June data because they have already contained in the GDP report (more or less) ... for a strong market reaction we need something else ... nothing in sight at this moment ...
Lahore FM 13:13 GMT August 3, 2010
Trade Ideas
Sell GBPUSD
Entry: 1.5937 Target: Stop: 1.5977
sold.
GVI Forex john 13:09 GMT August 3, 2010
GVI Forex Trading Support
DATA
Entry: Target: Stop:
Data @ 14:00 GMT
Factory Orders (Revised Advance Durable Goods)
Durable good new orders placed with domestic manufacturers for immediate and future delivery. The advance report is an early estimate of durable goods orders. Two weeks later, more complete and revised data are available in the Factory Orders report. Department of Commerce; BEA.
Pending Homes Sales
The Pending Homes sales index is produced monthly by the NAR. Pending Home Sales become Existing-Home Sales one-to-two months later.
The index derived from Pending Home Sales is used to predict Existing Home Sales, which is the most important U.S. housing statistic.
GVI Forex john 12:43 GMT August 3, 2010
GVI Forex Trading Support
ECONOMIC DATA CHART
Entry: Target: Stop:
Core PCE contained...
tokyo rana 12:40 GMT August 3, 2010
jpy
Buy USDJPY
Entry: 85 Target: Stop: 20pips
maybe hourly double bottom @ 85.735 lets see...happy trade
tokyo rana 12:38 GMT August 3, 2010
jpy
Reply
Entry: 85.035 Target: 100 to 200pips Stop: 20pips
orders changed here...happy day,
Belgrade TD 12:36 GMT August 3, 2010
eco data
Reply
The personal income and spending reports showed that both income and spending were flat for June versus the expected increases of 0.2% for income and 0.1% for spending.
BEDFORD VT 12:28 GMT August 3, 2010
GBP/USD
Reply
GBPUSD
Entry: Target: Stop:
Amman...................well done sir, almost to the pip!
Amsterdam Purk 12:27 GMT August 3, 2010
STRANGE FEELING
And your chocolate is from exxellent quality!
HK [email protected] 12:10 GMT August 3, 2010
ZERO HEDGE for 2nd time
Now on, your predictions must be more accurate.95 to 100% because you are already a Doctor.
Belgrade TD 11:37 GMT August 3, 2010
$$ idex
Reply
Buy usdx
Entry: 80.65 Target: ~83+ Stop: ~80/79.6
almost two months of decline, DX are in the 200MA and in the zone from 50 to 61.8% Fibb. Sufficient reason (for me) to move to a buyer.
74,21 as 11/26/09 low and 88,905 as 6/9/10 high
Fibb 50% = 81,558
Fibb 61,8% = 79,823
89,97 as 3/9/09 high and 74,21 as 11/26/09 low
Fibb 50% = 82,09
Fibb 61,8% = 80,23
I guess it would be a trade for a few months, let's say ~83 as a first target. Risky trade, so stop around 80 and ~79.6 as final stop.
GVI Forex john 11:29 GMT August 3, 2010
GVI Forex Trading Support
DATA
Entry: Target: Stop:
Data @ 12:30 GMT
Personal Income
Personal income is defined as the income that is received by persons from participation in production, from both government and business transfer payments, and from government interest (which is treated like a transfer payment). It is calculated as the sum of wage and salary disbursements, other labor income, proprietors'' income with inventory valuation and capital consumption adjustments, rental income of persons with capital consumption adjustment, personal dividend income, personal interest income, and transfer payments to persons, less personal contributions for social insurance.
U.S. Core PCE price index
The Core PCE price index is defined as personal consumption expenditures (PCE) prices excluding food and energy.
IMPACT: Core PCE is said to be the preferred inflation measure of the Fed and therefore is a very significant release in that it can influence policy. It is thought the Fed targets core PCE loosely between 2.0% and 3.0%.
Amman wfakhoury 11:29 GMT August 3, 2010
gbpusd 15941
Reply
Amman wfakhoury 09:40 GMT August 3, 2010
gbpusd within one hour: Reply
Amman wfakhoury 09:25 GMT August 3, 2010
gbpusd within one hour: Reply
will rise to reach 15941 then decline 15910
=======
may delay..exit here a t b/e
BERN DS 11:29 GMT August 3, 2010
STRANGE FEELING
Reply
Very strange today, think every comment I read today, was about USD to go lower...and EURUSD to rise..this is pretty new, as so far, people were very sceptical. Now they seem to see evidence !!!! BE CAREFUL guys.... there is a saying here in Switzerland.... if it is evident-it is all over ! apply that to todays fx... have fun...
GVI Forex john 11:19 GMT August 3, 2010
GVI Forex Trading Support
Pivots EUR/USD USD/JPY USD/CHF GBP/USD USD/CAD
Res 3 1.3363 87.33 1.0592 1.6175 1.0377
Res 2 1.3279 87.11 1.0535 1.6041 1.0337
Res 1 1.3223 86.78 1.0464 1.5965 1.0284
Pivot 1.3139 86.56 1.0407 1.5831 1.0244
Sup 1 1.3083 86.23 1.0336 1.5755 1.0191
Sup 2 1.2999 86.01 1.0279 1.5621 1.0151
Sup 3 1.2943 85.68 1.0208 1.5545 1.0098
Gen dk 11:10 GMT August 3, 2010
Reply
Trading Signals Updated:
CLICK HERE for more Gen dk information
Amman wfakhoury 11:06 GMT August 3, 2010
gbpusd
Reply
BEDFORD VT 11:04 GMT August 3, 2010
---------------
with delay.....for the sell around 15940 sell another
and exit both at 15940.
BEDFORD VT 11:04 GMT August 3, 2010
GBP/USD
Reply
GBPUSD
Entry: Target: Stop:
price around 15941 ..sell here tp 15910
Amman............Still think cable is going down to 15910?
tokyo rana 11:03 GMT August 3, 2010
jpy
Reply
Buy USDJPY
Entry: 85.525 Target: 100 to 200pips Stop: 20pips
reached my long term one target...happy trade,
HK [email protected] 11:01 GMT August 3, 2010
GOLD
Reply
Looks to me that gold may ext3nd the rally up to 1210 Res. level. GL GT
Richmond Dennis 10:58 GMT August 3, 2010
ZERO HEDGE for 2nd time
I'd seen it a short time ago before you posted, well done.
sofia kaprikorn 10:54 GMT August 3, 2010
ZERO HEDGE for 2nd time
Reply
I wanted to share my great moment of happiness with friends here who helped me learn along the way. My little piece on Trading the Yield Curve got published on Zero Hedge, which is a source a respect a lot. Here's the link:
http://www.zerohedge.com/article/trading-curve-what-shape-treasury-yield-curve-can-tell-us-any-given-moment
HK [email protected] 10:54 GMT August 3, 2010
GOLD
Reply
Entry: NOW Target: 1200 Stop: later
Has practically remained dormant for the last 3 days.
GVI Forex Jay 10:19 GMT August 3, 2010
EUR/USD
Reply
As posted on GVI Forex
GVI Forex Jay 10:07 GMT August 3, 2010
Tech talk: Reply
Whereas the eur/usd was lagging at this time yesterday, it has reversed that role and is leading (along with usd/jpy) today. Others have been following with lags as the market continues to take turns in this ratchet down in the dollar.
As noted yesterday, charts show little worth noting beyond the channel top (1.3222) until:
1.3413 = April 27 high
1.3511 = 50% of 1,5144-1.1878
1.3522 = April 20 high
1.3583 = 200 day mva
1.3691 = April 12 high (key level)
Thus, little between 1.32-1.33, suggesting 1.3250 could act as a pivotal level. R2 = 1.3279 and R3 = 1.3363 (from our FX Chart Points).
This latest leg up appears to be coming in a skeptical market and probably why it has extended its high again today.
GVI Forex john 10:04 GMT August 3, 2010
GVI Forex Trading Support
ECONOMIC DATA CHART
Entry: Target: Stop:
Earlier Swiss CPI tame..
Hong Kong 09:55 GMT August 3, 2010
GBP/USD Intra-day signal by AceTrader
Reply
GBPUSD
Entry: Target: Stop:
INTRA-DAY GBP/USD: 1.5933
Last Update At 03 Aug 2010 09:24 GMT
Although cable has retreated after intra-day rise
to a fresh 6-month high of 1.5865 n sideways trad-
ing wud be seen, as long as 1.5895 holds, upside
bias remains for gain twds dynamic res at 1.5968
(62% r of 1.7044-1.4228).
Buy again on dips with stop as indicated n only
below 1.5862 wud risk weakness to 1.5838/43.
Range Forecast
1.5915 / 1.5950
Resistance/Support
R: 1.5968/1.5990/1.6050
S: 1.5862/1.5803/1.5749
http://www.acetraderfx.com
GVI Forex Blog 09:54 GMT August 3, 2010
Reply
10:00 GMT- Aug 3 (global-view.com) The USD has continued to work its way lower as legacy short EURUSD positions continue gradually to be unwound. One also has to wonder if longer-term USD asset holders are back diversifying their portfolios. As expected, the Reserve Bank of Australia sprung no surprises and kept it policies steady. The risk trade is off at the moment.
Daily GVI Forex Forex View- USD Continues to Slump
GVI Forex john 09:48 GMT August 3, 2010
GVI Forex Trading Support
DAILY FOREX VIEW
Entry: Target: Stop:
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The Daily Forex View
Continues to Slump10:00 GMT-
Aug 3 (global-view.com) The USD has continued to work its way lower as
legacy short EURUSD positions continue gradually to be unwound. One
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Amman wfakhoury 09:40 GMT August 3, 2010
gbpusd within one hour
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Amman wfakhoury 09:25 GMT August 3, 2010
gbpusd within one hour: Reply
will rise to reach 15941 then decline 15910.
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price around 15941 ..sell here tp 15910
GVI Forex Blog 09:31 GMT August 3, 2010
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The Unemployment Rate is a measure of the percentage of the total labor
force that is unemployed but actively seeking employment and willing to work
in New-Zealand.
Forexpros Daily Analysis - 03/08/2010
tokyo rana 09:06 GMT August 3, 2010
jpy
Reply
USDJPY
Entry: 85.53 Target: 100 to 200pips Stop: 20pips
orders changed here 85.53...happy day,
hk ooozmeeh 08:57 GMT August 3, 2010
USDJPY
Reply
USDJPY....wedge formation and bullish divergence with RSI on the daily chart...glgt
Saar KaL 08:52 GMT August 3, 2010
EURUSD
Reply
Eurusd Seems a major correction at 1.3300
Staying long USDCHF and USDJPY till next week
hk [email protected] 08:36 GMT August 3, 2010
AN OLD TIME VIEW
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HK [email protected] 17:32 GMT July 26, 2010
Euro is aiming at [1.3040,1.3050] in the next following hours: Reply
Longer term within this wave
heading to [1.3350,1.3400]:
..................................................................................
sofia kaprikorn 08:28 GMT August 3, 2010
TREND
on Commodity ccys is interesting how neatly:
AUD/USD bounced off previous High 0.9065 and it brings 0.9165 in focus.
USD/CAD bounced off 1.0255 Res and focus is on 1.0185.
Gen dk 08:23 GMT August 3, 2010
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Trading Signals Updated:
CLICK HERE for more Gen dk information
Poznan vader 08:23 GMT August 3, 2010
eurusd
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Sell EURUSD
Entry: 1.3238 Target: open Stop: 1.3270
gl
sofia kaprikorn 08:22 GMT August 3, 2010
TREND
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Now that daily R1 are reached focus should be on the R2s:
EUR/USD - 1.3279
GBP/USD - 1.6041
While a potential pullback or Reversal is in the cards after such a trend move, my bias is towards a final exhaustion move which brings capitulation before the trend actually reverses.
KL Hedger 07:59 GMT August 3, 2010
Trend is your friend
The position is closed for +60 pips.
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Buy EURUSD
Entry: 1.3167 Target: 1.3227 Stop: 1.313
London Shaun 07:55 GMT August 3, 2010
Cable
Reply
Sell GBPUSD
Entry: 1.5950 Target: 1.58 Stop: 1.6020
Doubling up on yesterday's short @ 1.5850. Putting a tight stop as cable quite capable of rising another 3 big figs without retracement. I just think it unlikely that 1.60 can be broken without a fight.
tokyo rana 07:54 GMT August 3, 2010
jpy
i said guys in few months usdjpy will be around 75/85 today reached...happy day,
Syd 07:49 GMT August 3, 2010
EUR Rise Not Backed By Asset Flows-Bank of New York Mellon
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The recent rise in the EUR isn't backed by flow data in equity and bond markets, says Bank of New York Mellon. "While the negative signals from our European bond flow data may have moderated somewhat since the height of the crisis in May (with the exception of Italy), there is little in the numbers to suggest that investors are actually taking a positive view of events in the euro zone. A similar story emerges from our equity flow numbers," the bank says, noting that while sales of euro zone assets may have stopped, there still appears to be little appetite for buying
tokyo rana 07:31 GMT August 3, 2010
jpy
Buy USDJPY
Entry: 85.80 Target: 100pips Stop: 20pips
this week and last week i lost alot...one more try...happy trade,
tokyo ginko 07:15 GMT August 3, 2010
trade for today
usd/jpy position is long
tokyo rana 06:59 GMT August 3, 2010
jpy
again markeet went against me now i hope rise to 138/140 now than iwill short...happy day
tokyo rana 06:43 GMT August 3, 2010
jpy
Reply
gbpjpy shorts closed 37pips minus...
Hong Kong 06:38 GMT August 3, 2010
EUR/USD Intra-day signal by AceTrader
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EURUSD
Entry: Target: Stop:
INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD
EUR/USD: 1.3150
Late Update At 03 Aug 2010 06:17 GMT
Although euro has retreated after faltering
below y'day's 3-month 1.3196 high n consolidation
wud be seen, reckon 1.3140/43 wud hold n a rebound
is still likely, however, breach of said res needed
to confirm upmove has once again resumed, 1.3228.
Buy on dips with stop as indicated, break wud
risk stronger pullback to 1.3107.
Range Forecast
1.3150 / 1.3180
Resistance/Support
R: 1.3196/1.3228/1.3267
S: 1.3143/1.3107/1.3090
http://www.acetraderfx.com
Saar KaL 05:53 GMT August 3, 2010
Trend
Reply
EURUSD 1.3293 1.3145
GBPUSD 1.5980 1.5856
day trend seems like more north
Syd 05:40 GMT August 3, 2010
China May Raise Bank Reserve Requirement, Securities Times Says
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swiss frank 05:35 GMT Cheers Aug. 3 (Bloomberg) -- China’s central bank in October may increase the amount of reserves the nation’s banks are required to keep, the Securities Times reported today, citing unidentified officials from the banking industry.
Syd 05:36 GMT August 3, 2010
US academic warns on mining tax
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A downturn in the mining sector cannot be ruled out and would be exacerbated by the government's planned new mining tax, one of the world's most renowned economic historians says.
Harvard University academic and author Niall Ferguson said Chinese demand for commodities appeared set to continue but it was possible the Asian superpower might not be able to sustain its recent pace of growth of nine to 10 per cent per annum.
"I drew a parallel with the US in the 1990s: imagine if you'd decided to tax all the dot com companies in 1997 just a few years away from a major shift downwards in that sector.
"I don't think we should rule out a downward shift for mining." If the debt-laden US didn't bounce back, the European Union bumped along "at a Japanese growth rate" and China found it could not sustain its stellar growth rate of recent years "then there will be chillier times ahead", Prof Ferguson said.
"You could just about justify this kind of thing (the MRRT) if the money was being salted away for future generations in some kind of sovereign wealth fund but that's clearly not the case here
http://news.smh.com.au/breaking-news-business/us-academic-warns-on-mining-tax-20100802-112zx.html
Australia's planned mineral resources rent tax (MRRT) was an added risk to the health of the mining sector, he said.
Syd 04:40 GMT August 3, 2010
Fortescue: MRRT Could Kill Australian Magnetite Mining
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KALGOORLIE, Australia -(Dow Jones)- Mining of magnetite, a lower grade of iron ore, will be seriously impacted if the Australian government's proposed Mineral Resource Rent Tax is implemented, Andrew Forrest, CEO of Fortescue Metals Group Ltd. said Tuesday.
Syd 04:36 GMT August 3, 2010
RBA: Prospects For Europe Next Year Uncertain
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The current setting of monetary policy is resulting in interest rates to borrowers around their average levels of the past decade. With growth likely to be close to trend, inflation close to target and the global outlook remaining somewhat uncertain, the Board judged this setting of monetary policy to be appropriate.
Syd 04:35 GMT August 3, 2010
Australia's RBA: Monetary Policy Setting Appropriate
Reply
Australia's RBA: Global Outlook Uncertain
Australia's RBA: Expects Growth Close To Trend, Inflation Near Target
RBA: Current Policy Setting Resulting In Average Borrowing Levels
RBA: Current Policy Setting Resulting In Average Borrowing Levels
RBA: Consumption Spending Recording Modest Increase
RBA: Terms Of Trade Around Peak Of Two Years Ago
RBA: Growth In China Moderating To More Sustainable Rate
RBA: Upward Pressure On Dwelling Prices Appears To Have Abated
Australia's RBA: Monetary Policy Setting Appropriate
RBA: US Growth May Be Somewhat Lacklustre In 2H
tokyo rana 04:24 GMT August 3, 2010
Greetings
Zagreb 03:41 GMT August 3, 2010
right my friend,happy day,
Syd 04:12 GMT August 3, 2010
Aussie Banks Retreat After Building Approvals Data
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Australian banks have given up much of their intraday gains after June building approvals fell 3.3% vs expected 0.5% rise. Recent data, including new home sales, auction clearance rates, house prices, housing finance and housing credit data, could give rise to some speculation the housing market might be experiencing more than just a temporary cooling.
Zagreb 03:41 GMT August 3, 2010
Greetings
Reply
Pozdrav Beogradu: Puno pips svima nama! ;-)
Tokyo rana, USD is weak and sterling's not strong? Um, many have adopted sterling and see the UK as more able to pull itself out of an economic quagmire than the US, EU and others. Right or not, it is strong - just look at GBPUSD from 1.42x and the climb up, or any other sterling pair. GY we of course know is driven by different factors, and has a huge USDJPY component.
Cbj Jake 03:32 GMT August 3, 2010
Chinese Real Estate - NYT
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Theatre of the Absurd - gvt sectors, unrelated to real estate, buy huge tracts of real estate at 30% above mkt.
(Monday,front page,NYT)
tokyo ginko 02:50 GMT August 3, 2010
trade for today
added usd/jpy 30% 86.30
Syd 02:15 GMT August 3, 2010
Aussie Retail Sales More Proof RBA Will Pause -JPM
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AUD/USD to 0.9090 vs currently at 0.9107. AUD/JPY could fall as low as 78.00 later, particularly if RBA does not shift to more positive tone in its statement on economy in outcome of board meeting, due at 0430 GMT, says Akira Maekawa, strategist at censored, unit of U.S.-based Global Futures and Forex. Says AUD/USD could fall to 0.9050 in that case. Weaker-than-expected Australian data also prompted corrections in other pairs such as USD/JPY, EUR/JPY, says another dealer at major Japanese bank; Helen Kevans, an economist with JP Morgan in Sydney. "The most interesting part of the report was a fall in non-discretionary spending, on items like food and clothing. That shows the RBA hikes have really started to bite," says Kevans, referencing a string of six rate hikes in seven meetings by RBA prior to pauses in each of its last two meetings.
Syd 02:11 GMT August 3, 2010
Aussie Retail Sales, Building Approvals Below View
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Australian retail sales rose lower-than-expected 0.2% seasonally-adjusted in June from May (consensus +0.3%) in a result that is likely to affirm the view that shop owners continue to face difficult trading conditions, with consumers remaining cautious. Also Tuesday, building approvals in June fell 3.3% seasonally-adjusted in June (consensus +0.5%), further confirming a slowdown is underway in the housing sector as higher interest rates sap demand. Data likely to add to case for RBA to leave cash rate target unchanged at 4.50% at board meeting today. Outcome to be made known at 0430 GMT.
tokyo rana 01:55 GMT August 3, 2010
jpy
Richmond Hills 01:52 GMT August 3, 2010
why not usd?now lets watch how drop everything...happy trade,
Richmond Hills 01:52 GMT August 3, 2010
jpy
all except USD
Belgrade TD 01:31 GMT August 3, 2010
USD will retrace up minimally
Tokyo rana 01:23 GMT August 3, 2010
Good morning Rana, little cloudy in Tokyo this morning ? so japanese housewives may be rush to the $$ this morning :) ... just kidding :) ... I'm finishing trading for tonight (it's 3:30AM here) so sleeping time :))) ... wish you luck ...
YVR MAXXIM 01:25 GMT August 3, 2010
Top Agents
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GBPUSD
Entry: Target: Stop:
*Comments:NO
1..5900 Iqbal
tokyo rana 01:23 GMT August 3, 2010
USD will retrace up minimally
Belgrade TD 01:17 GMT August 3, 2010
i agree anything possible..after ret maybe reach 1.60..just lets see..happy trade,
Syd 01:22 GMT August 3, 2010
Australia election set for neck-and-neck finish
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SYDNEY, Aug 2 (Reuters) - Support for Australia's government has fallen sharply, polls show, making the Aug. 21 election likely to be decided by marginal seats where voters are focused on the divisive issues of mining tax, climate and immigration. "Whether it's changed enough for the electorate, on August 21 we will know the answer to that. Its a 50:50 bet." Whichever side wins the election, the Greens party is set to win the balance of power in the upper house Senate and will be key to future legislation.
Belgrade TD 01:17 GMT August 3, 2010
USD will retrace up minimally
just to say hello to Zagreb friend :)
pozdrav za Zagreb :)
for GBP/USD, we are high so some correction are possible (~100p), anyway 1,6+ will be difficult to penetrate today, ... but this is FOREX, everything is possible :) ... $$ are near 200MA and Fibb 61,8% retrac. ... so be careful with long term outlook ... just my opinion ... GLGT
tokyo rana 00:59 GMT August 3, 2010
USD will retrace up minimally
Zagreb 00:56 GMT August 3, 2010
dear friend,idonot know gbpusd 1.60 maybe...i trade only jpy pairs...gbp is not strong just usd weak...happy trade,
Zagreb 00:56 GMT August 3, 2010
USD will retrace up minimally
Reply
Correct, USDJPY is not going to go up significantly. Even if it did, USD weakness is massive, and no match for sterling strength. GBPUSD is reaching for 1.6 based on trendlines and massive buying by big boys. A turnaround needs to materialize on the daily chart, and there are no signs of that yet. GBPUPS is at the top of a channel, and may just bounce off it, and head up from there.
tokyo rana 00:55 GMT August 3, 2010
jpy
no one need to believe me and no one need to follow me time will tell...im just short gbpjpy...this week have nfp...happy day,
tokyo rana 00:52 GMT August 3, 2010
GBPUSD Heading to 1.598+, yen pairs UP
Zagreb 00:48 GMT August 3, 2010
dear friend.ithink gbpusd going to retrace hard ican be wrong..wat do u mean USDJPY is unlikely to rocket?u mean usdjpy not go up?happy trade,
tokyo rana 00:49 GMT August 3, 2010
jpy
Richmond Hills 00:46 GMT August 3, 2010
dear friend,which pair north?happy day,
Zagreb 00:48 GMT August 3, 2010
GBPUSD Heading to 1.598+, yen pairs UP
Reply
Buy
Entry: Target: Stop:
Tokyo Rana: Why do you say "gbpusd going to retrace hard" - it any many majors have shown absolutely no retrace willingness, and USDJPY is unlikely to rocket; sterling has become a poster child, and it's massive buying will not result in a "hard retrace" - the big boys will not allow it, not yet.
Richmond Hills 00:46 GMT August 3, 2010
jpy
all technical is pointing "NORTH", any retracment is just let you buy
Hong Kong 00:43 GMT August 3, 2010
Daily Market Outlook by AceTrader-3-8-2010
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Market Review - 02/08/2010 23:23 GMT
Euro surges to a 3-month high as firmness in U.S. stocks boosts risk appetite
Euro surged to a 3-month high of 1.3196 on Monday due to dollar's broad-based weakness and the firmness in U.S. equities.
The single currency traded with a firm undertone in Asian morning and edged higher to 1.3090 on improved risk appetites due to the rise in Asian stock markets. Later, although euro dropped to a low of 1.3056 in European morning, buying interest there lifted price up and the eur/usd pair rallied in NY morning and extended its recent upmove to a 3-month high of 1.3196 on dollar's broad-based weakness as U.S. Dow Jones index rose by 208 points , or 1.99% to 10674.
Although the greenback dipped to 86.20 against the Japanese yen in NZ due partly to Sunday's release of weak China July PMI where the index fell for a 3rd straight month in July to a 17-month low of 51.2, dollar staged a rebound and rose an intra-day high of 86.89 on improved risk appetites due to the firmness in European equities, together with the fears that Japanese authorities might intervene Forex market after Japanese FINMIN Yoshihiko Noda's comments, and then fell again. Later, despite dollar's rebound to 86.79 after the release of better-than-expected U.S. economic data, the greenback fell again due to the comments by U.S. Fed's Bernanke, which made investors worried on the economic growth in U.S., and usd/jpy fell to 86.32 in late NY session before stabilising.
The European equities rallied on Monday due to the robust earnings results from HSBC and BNP Paribas. FTSE-100, CAC-40 and DAX rose by 2.65%, 2.99% and 2.34% respectively.
U.S. construction spending rose by 0.1% versus the expectation of a decrease of 0.5% whilst ISM manufacturing dropped to 55.5 from previous month of 56.2 but less than the economists' forecast of 54.1.
Japanese FINMIN Yoshihiko Noda said that excessive currency moves are undesirable and can have a negative impact on the economy.
U.S. Federal Reserve Chairman Ben Bernanke said the U.S. economy is improving but has yet to recover fully, with high unemployment and a weak housing market weighing on consumers. Bernanke said the Fed believes inflation will remain subdued over the next couple of years, citing stability in measures of inflation expectations.
The British pound maintained a firm undertone in Asia and rallied in Europe on cross buying in sterling, as eur/gbp tumbled from 0.8325 to a 4-weeks low of 0.8254, together with the release of higher-than-expected U.K. CIPS manufacturing PMI which came in at 57.3 versus the economists' forecast of 57.0. Later, cable extended its rise due to the firmness in U.S. and European equities together with dollar's broad-based weakness and hit a 6-month high of 1.5907 in NY before stabilising.
Economic data to be released on Tuesday include: Australia Retail sales, RBA rate decision, Swiss CPI, U.K. PMI construction, EU PPI M/M, U.S. Personal consumption, Personal income, PCE core, PCE index, Factory orders, Pending home sales, Durable goods (rev.), ex. Defense (rev.), ex. Transport (rev.).
http://www.acetraderfx.com
Syd 00:37 GMT August 3, 2010
'Made in China' - but for how long?
Reply
Foreign investors considering relocating production
Strikes at Honda have also aroused concerns among foreign investors about labor unrest in China.
Two large US companies, Ann Taylor Stores, the women's clothing retailer, and Coach, the luxury handbag maker, are poised to relocate production to countries, where labor rates are cheaper.
Mike Devine, chief financial officer of New York-headquartered Coach, which makes luxury hand bags, said at a conference recently a move was in the pipeline.
"We are looking to move production into lower-cost geographies, most notably Vietnam and India," he said.
Michael Nicholson, chief financial officer of Anne Taylor Stores, also told the Wall Street Journal recently the company was assessing the quality of production sites in other countries. A recent survey by EEF, Britain's leading manufacturing association, said one in seven of its members were looking at shifting production back to the UK, fed up with problems in countries such as China.
"Getting goods of the right quality, issues such as time to market and rising fuel costs have been driving this trend," said Lee Hopley, EEF's chief economist.
http://www.chinadaily.com.cn/bizchina/2010-07/19/content_10125806.htm
tokyo rana 00:16 GMT August 3, 2010
jpy
gbpusd going to retrace hard...happy day,
tokyo rana 00:10 GMT August 3, 2010
jpy
9,745.75
▲ ＋175.44 (＋1.833%)
始値 9,716.57
高値 9,745.75
安値 9,709.83
YVR MAXXIM 00:04 GMT August 3, 2010
Top Agents
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GBPUSD
Entry: Target: Stop:
Comments:NO
tokyo rana 00:01 GMT August 3, 2010
jpy
nikkei open
9,714.69
▲ ＋144.38 (＋1.509%)
tokyo rana 00:00 GMT August 3, 2010
jpy
audjpy seems nice short here target 900 to 3000pips....
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