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Forex Forum Archive for 08/11/2010

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Belgrade TD 23:45 GMT August 11, 2010
$$ idex


After one day of absence, a summary - hm good planning and bad execution :( ... I was expecting a weaker yen and stronger dollar but as the action shifted to Yen even before FOMC and no yo-yo after FOMC, I closed my $$ long (winning) position albeit with some profit, but given the potential, very poor execution .. well, let's go on ...

Auckland peat 23:32 GMT August 11, 2010
Trade Ideas

yeh I was a bit surprised by FM buying Euro too... sure it may find some support at some stage being quite oversold on an hourly basis but pretty clear the winds have changed

Hong Kong Qindex 23:27 GMT August 11, 2010
EUR/USD : Critical Point 1.2658
Reply   
EURUSD
Entry: Target: Stop:

EUR/USD : Critical Point 1.2658



The next significant supporting level is 1.2658. The bias is on the downside when the market is able to consolidate within the weekly cycle normal lower limits at 1.2491 - 1.2637 - 1.2789.



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

GVI Forex Blog 23:24 GMT August 11, 2010 Reply   
The Canadian dollar slid to its lowest level in nearly three weeks on Wednesday, while bonds surged, as a spate of disappointing indicators, including widening North American trade deficits, left investors worried about the global economic recovery.

Forex News - CANADA FX DEBT-C$ slides to 3-wk low, bonds soar on gloomy data

Lahore FM 23:23 GMT August 11, 2010
Trade Ideas

RR,sign of aversion were not very strong and evident enough when i went long eurusd 1.2910 at 4 hour chart support levels,thus the long eurusd.

audusd i think can visit 0.8500.there is lots more aversion yet to unfold.the daily closes tonight for oil stox and most apirs speak of more action hereon.

Syd 23:11 GMT August 11, 2010
AUD/USD Pullback Looks Like Start Of Correction -NAB
Reply   
AUD/USD likely to pullback over the next month or so and its fall overnight looks to be the start of this correction, says John Kyriakopoulos, head of FX strategy at NAB. Says fall below 200-day moving average of 0.8961 is certainly negative and NAB forecasts 0.8600 for end-September. Says NAB's modelling suggests fair value estimate is currently 0.8880 but another 5% fall in the Journal of Commerce industrial metals price index, 5 percentage point decline in NAB's risk-appetite index and a 10 basis point narrowing in the Australia-U.S. 2-year swap yield spread would knock fair value down to below 0.8650. All eyes on 0130 GMT Australian jobs report for July. Consensus 20,000 jobs added. NAB..

NYC RR 23:11 GMT August 11, 2010
Trade Ideas

FM, do you have a target for the Aussie. IN y view its the most overvalued thing out there right now. Also curious to know why you were bullish on the EURUSD buying the same at 1.2910. TIA for your views.

Syd 22:27 GMT August 11, 2010
CBA Profit Growth Running Out Of Steam - MS
Reply   
Morgan Stanley says that Commonwealth Bank's (CBA.AU) FY result confirms the group's pre-provision profit growth is running out of steam. "We believe that retail bank profitability is under threat in Australia and that CBA is the most vulnerable of the major banks because it has high exposure to this segment and consensus expectations for its profitability remain high," Keeps CBA at Underweight, shares last at A$51.19.
Morgan Stanley

Syd 22:24 GMT August 11, 2010
MARKET TALK: AUD/USD Finding Early Support In Asia; Jobs Data Next
Reply   
AUD/USD finding some support in early Asia trading but rallies are set to meet sellers with the overriding focus in markets on weakness in equities across the region. One trader at U.S. bank says mood remains dark and cross-yen selling can be expected to feature, especially through Japanese retail accounts. Says AUD/JPY under watch with 0.7600 likely to see stop-loss selling. Now 76.225. Adds focus on the day will be Aussie employment data for July at 0130 GMT, which is expected to show a further 20,000 jobs created. Says any recovery in AUD/USD likely to be capped at 0.9000 while market focus stays on concerns of emerging weakness in the U.S. economy. DJ

Lahore FM 22:15 GMT August 11, 2010
Trade Ideas

Buy GBPCAD
Entry: 1.6390 Target: 1.70 Stop: later

long now.

Lahore FM 22:12 GMT August 11, 2010
Trade Ideas


Entry: 0.9200 Target: Stop: lowered to 0.9005

08/09/2010 17:30:58 FM Lahore 46

Sell AUDUSD
Entry: 0.9200 Target: Stop: 0.9235 bid for 1/2
08/09/2010 08:25:04 FM Lahore 7

Sell AUDUSD
Entry: 0,9200 Target: Stop:
sold.stops later.
--
half closed 0.9161 now.stops placed for remainder.
--
stops lowered on remainder to 0.9005 to lock in 195 pips.

Jeddah Abb 22:11 GMT August 11, 2010
buy euraud

jerusalem kb 21:34 GMT August 11, 2010
buy euraud : Reply
closed half at 1.4365 sl same no change



Do u expect that this pair break the range 1.43-1.46 soon ?
thanks

Lahore FM 22:10 GMT August 11, 2010
Trade Ideas

Buy EURUSD
Entry: 1.2910 Target: Stop: 1.2860 for two

08/11/2010 14:36:01 FM Lahore 7

Buy EURUSD
Entry: 1.2910 Target: Stop: 1.2860 for two
filled long eurusd 1.2910.stops in place for two.
--
both trades long eurusd stopped for about 160 pips minus.

Lahore FM 22:09 GMT August 11, 2010
Trade Ideas

Jeddah Abb 21:27 GMT August 11, 2010

Cheers abb!

RIYADH RUH-DMM-RUH 21:47 GMT August 11, 2010
Dollar Yen
Reply   
Buy USDJPY
Entry: Target: Stop:

Dollar Yen
Last price 85.25
Will rise to the following points
86.85
87.49

GVI Forex Blog 21:45 GMT August 11, 2010 Reply   
US$ rockets post-FOMC USD/JPY at 1995 levels BoE Inflation Report sees volatility The Fed's last bid?

Forex Market Commentary and Analysis (11 August 2010)

RIYADH RUH-DMM-RUH 21:36 GMT August 11, 2010
USD/CHF
Reply   
Sell USDCHF
Entry: Target: Stop:

Sell usdchf @ 1.0617/ 1.0633 Target 1.0363/1.0299/1.0207
Stop 1.0655

jerusalem kb 21:34 GMT August 11, 2010
buy euraud

closed half at 1.4365 sl same no change

Syd 21:29 GMT August 11, 2010
Economists See Significant Downward Revision Of US 2Q GDP
Reply   
Instead of growing at a 2.4% annualized pace in the second quarter, real gross domestic product will likely be cut almost in half to a 1.3% annual rate, according to economists surveyed by MarketWatch. Lost in the fury over faster imports is the poor performance of U.S. exports in June, which is "bad news: clear as the ring in a bell," said Robert Brusca, chief economist at FAO Economics. Exports were down 1.3% in June and earlier strong gains have stagnated in the past four months. Germany, Japan and China are all exporting much more than they are importing, Brusca noted.
"Our exports ... are headed for an ever-shrinking target it seems: foreign growth," he said. Economists said that could push Congress to enact last-minute protectionist measures ahead of the November midterm elections.

Canadian Currency Approaches a Three-Week Low on Economic Slowdown ConcernLINK
Australia, N.Z. Dollars Decline on Global Slowdown Signs, Fed's StatementLINK
Dollar Surges Versus Euro as Federal Reserve Spurs Global Slowdown ConcernLINK

Jeddah Abb 21:27 GMT August 11, 2010
Trade Ideas

Lahore FM 01:52 GMT August 11, 2010
Trade Ideas: Reply
Jeddah Abb 01:46 GMT August 11, 2010

abb,a little higher at 1.5610 off four hour charts.

Happy Ramadan too!



1.56129 in my platform very nice Lahore FM

NYC RR 21:19 GMT August 11, 2010
AUD/USD
Reply   
Given all that has happened o/n in China, UK and the USA, shouldn't the Aussie be much lower? Any bullish case for Aussie out there? Thanks

Hilton Head Island ZEUS 21:15 GMT August 11, 2010
EUR/USD

1.2832 final add on.

Hilton Head Island ZEUS 21:10 GMT August 11, 2010
EUR/USD

Added @ 1.2840. 1.27Z is close!

Hilton Head Island ZEUS 21:05 GMT August 11, 2010
EUR/USD
Reply   
Long EUR/USD @ 1.2858 against the core shorts.

Syd 21:04 GMT August 11, 2010
Greens take slippery stance on mining tax
Reply   
He thought the government should extract even more tax from the mining industry. A super tax of 50 per cent was Brown's preferred position.
What does make sense, however, is the claim from the Greens that the agreement between Gillard and the mining industry is cloaked in mystery.

The real Treasury estimates about the potential revenue that could be raised from the tax are a well guarded secret.

Regardless of this detail vacuum, the Greens appear to be engaged in political blustering. The party doesn't like the tax and is happy to score points by saying so to any media outlet but when pushed is highly reluctant to say it will oppose the tax in the Senate.
Given they may well hold the balance of power in the Senate, the view of the Greens does matter.
Suppose Labor wins and the Greens control the Senate. If the latter ultimately oppose the watered-down mining tax, then it is dead.
LINK
Australian Dollar Losing Momentum?

Today equity markets are retreating after pessimistic comments from both the Fed. and the Bank of England. The Dow is down over 230 points following the leads of lower markets in Asia and Europe. Despite the lowered growth prospects for the US, it is again gaining safe haven status. Yields on today's auction of $24B 10 year Treasury notes was down to 2.71%, the lowest since early 2009, as money seeks safety in the Treasury coffers. The AUD/USD looks like a sale should the markets continue negative. The 91/92 area in retrospect s now looks like an attractive sell. It is probably too late for that trade as we are now a little under .90. The turnover in the MACD makes us a little more aggressive, but we would still like to have a little recovery bounce back to.9025 to initiate a short. The stop should be at a little above the top of today's candle at .9140.
fxrazor...

GVI Forex john 20:21 GMT August 11, 2010
GVI Forex Trading Support

LATEST PIVOT POINTS
Entry: Target: Stop:

Pivots	EUR/USD	USD/JPY	USD/CHF	GBP/USD	USD/CAD
Res 3	1.3421	86.37	1.0765	1.6058	1.0686
Res 2	1.3305	85.93	1.0684	1.5962	1.0580
Res 1	1.3095	85.63	1.0631	1.5822	1.0515
					
Pivot	1.2979	85.19	1.0550	1.5726	1.0409
					
Sup 1	1.2769	84.89	1.0497	1.5586	1.0344
Sup 2	1.2653	84.45	1.0416	1.5490	1.0238
Sup 3	1.2443	84.15	1.0363	1.5350	1.0173



Pivots	EUR/GBP	EUR/JPY	EUR/CHF	AUD/USD
Res 3	0.8395	114.85	1.3996	0.9235
Res 2	0.8358	113.76	1.3910	0.9184
Res 1	0.8286	111.85	1.3770	0.9083
								
Pivot	0.8249	110.76	1.3684	0.9032
							
Sup 1	0.8177	108.85	1.3544	0.8931
Sup 2	0.8140	107.76	1.3458	0.8880
Sup 3	0.8068	105.85	1.3318	0.8779

GVI Forex john 20:18 GMT August 11, 2010
GVI Forex Trading Support



GVI Forex Blog 20:11 GMT August 11, 2010 Reply   
Global-View.com) Aug 11, 2010 Quite a day in forex. Some dealers were blindsided by budding new credit problems in Europe. Reportedly, the ECB provided funding to Irish banks in trouble. This story saw the EUR and European stocks tank. It took a while for the news to hit the market which went into a risk off configuration during the

Daily GVI Forex Forex View- USD Unexpectedly Soars

tokyo rana 19:48 GMT August 11, 2010
jpy

Vienna GD 19:43 GMT August 11, 2010
dear friend,thanx for kind post...igot it..i agree with you...happy trade,

GVI Forex john 19:44 GMT August 11, 2010
GVI Forex Trading Support


The Daily Forex View

USD Unexpectedly Soars

(Global-View.com) Aug 11, 2010 Quite a day in forex. Some dealers were blindsided by budding new credit problems in Europe. Reportedly, the ECB 

MORE



Vienna GD 19:43 GMT August 11, 2010
jpy

Rana - seems you don't get it!

Once more:
Dollar up, euro, gbp etc down into 3rd week of August.
Stocks down too. Commodities too. That includes gold and silver and crude.

As long as there is no bonds crisis - likely bonds higher, yields lower = usdjpy and yen-crosses lower. But this is a hot potatoe already.
That changes once investors start demanding higher yields.
That will likely happen after 3rd week of August.

Of course everything with up and downs in the shorter time frames
Possibly next turndate very close to next OE 20th.
From there again a lot of markets will turn.
Follow posts in my thread for more details, once we are there.

If you continue to chop around - so may it be.
No further posts to you - either you get it or you pay the price. gl & gt

tokyo rana 19:35 GMT August 11, 2010
jpy

Vienna GD 19:23 GMT August 11, 2010
dear friend,many thanx for kind post...yes you are right im so confused...and good time bad always with peoples...im so confused from these markeets but over all no change in plan and bias..... honestly iwant higher gbpjpy for short long term like 138/143 but at the moment looks like very difficult im long eurjpy now @110 but its look like we see new low 1st...lets see wat happen next...iwill short audjpy tokyo session than think about longs or remain short jpy pairs....happy trade

lkwd jj 19:33 GMT August 11, 2010
jpy

for whatever reason looks like nobody wants to go near anything on the left hand side of usdjpy. it was lower but came back above 85.

Vienna GD 19:28 GMT August 11, 2010
jpy

If you have no strategy - listen and follow those that have proven to be right more often than wrong.
On this board that is Zeus, I tend to think also BERN DS (at least his GBPUSD call was spot on ... the gold likely not) ... and in Mails and post I have told you whom to follow.
Stick to that - and stop chopping around like a monkey.
Well meant reco. Nuf said. DYOD
gl & gl

GVI Forex Blog 19:24 GMT August 11, 2010 Reply   

Worldwide Slowdown Drives Equities Lower

Vienna GD 19:23 GMT August 11, 2010
jpy

Rana .... not bad luck, but just gambling and no strategy.
Go back to our dialogs where I told you what will happen. Until that point we were on the same page.
Nowadays you just reverse everything, go against the main trend etc ... looking at your trades - one gets the impression you are completely confused - or again "without a proper plan".
Trading is not a casino - but hard work.

GVI Forex Blog 19:23 GMT August 11, 2010 Reply   

Bank of England Lowers U.K. Growth Outlook

tokyo rana 19:17 GMT August 11, 2010
jpy

Vienna GD 19:10 GMT August 11, 2010
dear friend,ihave very very very bad luck nowdays...trading need more and more luck...i got stoped every time by 5 to 100pips...3 times stops taken by 5pips only...i just lost alot still losing...its ok its to happen with me im very sad...happy trade,

Vienna GD 19:10 GMT August 11, 2010
jpy

Rana ... seems what we talked last week - vanished thru the backdoor for you. Very strange trades you made - while you poor soul could have made a lot of money these days!

LA LA 19:10 GMT August 11, 2010
EUR/USD SCALP

El Zeus en fuego

Hilton Head Island ZEUS 19:06 GMT August 11, 2010
EUR/USD SCALP

Ok-
Lucky scalpers will take gains at their leisure.
However, swing traders may have other plans.

Happy Day!

Hilton Head Island ZEUS 19:00 GMT August 11, 2010
EUR/USD SCALP

Here it comes.

tokyo rana 19:00 GMT August 11, 2010
jpy

stocks still going down...very crazy scarey..

Hilton Head Island ZEUS 18:58 GMT August 11, 2010
EUR/USD SCALP

Wiarton han 18:55 GMT August 11, 2010

I guess there may be other MA's yet to be collided with?

Cheers!

Wiarton han 18:55 GMT August 11, 2010
EUR/USD SCALP

guess it was waiting for the125sma on 1min chart

YVR MAXXIM 18:51 GMT August 11, 2010
picoté, meaning 'marked with points'.

Hilton Head Island kano A-ZEUS region 18:33 GMT August 11, 2010

Hilton Head Island ZEUS 18:50 GMT August 11, 2010
EUR/USD SCALP

Guess so.

Hilton Head Island ZEUS 18:40 GMT August 11, 2010
EUR/USD SCALP

Is a little pop higher commencing now?

jerusalem kb 18:36 GMT August 11, 2010
nzdchf & audchf



support breakout at h4 chart

Hilton Head Island ZEUS 18:33 GMT August 11, 2010
picoté, meaning 'marked with points'.

Thunderstruck...just like we said it would!

YVR MAXXIM 18:24 GMT August 11, 2010
picoté, meaning 'marked with points'.



Sell GBPUSD
Entry: Target: Stop:

?Going thunderday!

tokyo rana 18:20 GMT August 11, 2010
Inflate the world

hk nt 18:10 GMT August 11, 2010
dear friend,from here possible new high in few days gbpjpy and eurjpy audjpy..gbpjpy 138/139/142/143 eurjpy 115/116/119 audjpy 80/83...usdjpy donot know...eurusd 1.35...but yes new low also possible picture...lets see wat is happen next from here..just be careful...happy day,

jerusalem kb 18:17 GMT August 11, 2010
nzdchf & audchf
Reply   
Sell OTHER
Entry: 0.7580 Target: 0.7443 Stop: 0.7645

sold nzdchf amd also looking for higher entry to short aud chf at 0

hk nt 18:10 GMT August 11, 2010
Inflate the world
Reply   
We may see huge double bottoms forming on monthly charts of USD/YEN (target 75-80) and EUR/YEN (85-90) in few months.

Hilton Head Island ZEUS 18:05 GMT August 11, 2010
EUR/USD SCALP

nyc ws 17:59 GMT August 11, 2010

No risk, no reward.
All we can do is manage risk, flip the coin and see what happens right?

cheers!

Hilton Head Island ZEUS 18:03 GMT August 11, 2010
EUR/USD SCALP

Bedford VT 18:01 GMT August 11, 2010
Great to hear VT! Glad some are looking for scalps. They smooth out the equity curve nicely ;-))
Feel free to e-mail anytime. You should find it in the directory.

Cheers! :-)

Hilton Head Island ZEUS 18:01 GMT August 11, 2010
EUR/USD SCALP

Just a scalp you know but it looks like buying @ 1.2868 will prove itself one way or the other. Flip a coin and with any luck...

Bedford VT 18:01 GMT August 11, 2010
EUR/USD SCALP

Yeah Hilton, I love scalping...........love the speed man.
Any chance of sharing your method? can I email you?
Regards, VT

Hilton Head Island ZEUS 18:00 GMT August 11, 2010
jpy

BOJ or DOJ or any other acronym will not determine a traders outcome.

Happy Day!

nyc ws 17:59 GMT August 11, 2010
EUR/USD SCALP

Zeus it depends on whether we want to risk leaving the reservation.

Hilton Head Island ZEUS 17:58 GMT August 11, 2010
EUR/USD SCALP

The massive counter-contra trade worked beautifully with smooth as butter price transitions. Now just enjoying some price wiggles on the hit & run model.

lkwd jj 17:56 GMT August 11, 2010
EUR/USD SCALP

trying to make sure i dont get scalped.

Hilton Head Island ZEUS 17:53 GMT August 11, 2010
EUR/USD SCALP

Anyone think buying in the 1.2868 area will be good for a scalp?
Anyone even care about scalps?

Hilton Head Island ZEUS 17:29 GMT August 11, 2010
jpy

tokyo rana 17:06 GMT August 11, 2010

Dear rana, Thank you for the kind compliment. As I said earlier, others may think it was silly, but imo you asked a good question.

GT to you!!

jerusalem kb 17:17 GMT August 11, 2010
buy euraud

Buy EURAUD
Entry: 1.4310 Target: 1.4545 Stop: 1.4265

added last long this month with stop 1.4265 for both positions

jerusalem kb 17:11 GMT August 11, 2010
buy stop usdcad

Buy USDCAD
Entry: Target: Stop:

Buy USDCAD
Entry: 1.0400 Target: 1.0470 Stop: 1.0360

out at 1.0385 and placed another buy stop.
-----------------------------------------------
hit target

jerusalem kb 17:11 GMT August 11, 2010
buy stop usdcad

Buy USDCAD
Entry: Target: Stop:

Buy USDCAD
Entry: 1.0400 Target: 1.0470 Stop: 1.0360

out at 1.0385 and placed another buy stop.
-----------------------------------------------
hit target

tokyo rana 17:09 GMT August 11, 2010
jpy

nyc ws 16:58 GMT August 11, 2010
dear friend,many thanx...happy day,

tokyo rana 17:06 GMT August 11, 2010
jpy

Hilton Head Island ZEUS 17:00 GMT August 11, 2010
dear friend,many thanx for post..im sorry for my silly post...today only euro lower so i asked....you and FM made great calls again..happy trade,

Hilton Head Island ZEUS 17:06 GMT August 11, 2010
EUR/USD SCALP

More scalping.

Mtl JP 17:04 GMT August 11, 2010
US Trade Deficit

I admit that running a public fund like David's - one subject to public scrutiny - is not the same as running a private bucket account and leveraged positions under one million like I am.

euro 1.1 - 1.4 range is bit rich range for me. maybe the euro smack-down from 1.3225 is an indication of treatment of euro enthusist getting bit too unbridled and enthusiastic.

Someone more grizzeled than me reminded earlier that "Sept is historically the most volatily month in FX....get your GVI bungee cords for the rise this time around. - Spotforex NY 12:58 GMT July 5, 2010.

I believe it.


Hilton Head Island ZEUS 17:00 GMT August 11, 2010
jpy

tokyo rana 16:48 GMT August 11, 2010

That is a good question rana. Most will think it is a silly question AFTER THE FACT, but they are most likely the majority of sheeple who bit into the head whip yesterday, believing that the USD would crumble after the FOMC decision.

IMO the weakness came because the spike was causing some "unusually uncertain" people to fall for the trap yesterday. Hence, the trend resumes into a catalyst driven "drop and stop shop" mode as risk aversion accelerates. All IMVHO of course.

Cheers and GT!

nyc ws 16:58 GMT August 11, 2010
jpy

Rana usyjpy was trading at the same level it is trading now when eurusd was at 1.3200 yesterday. Does that tell you why it is weak? Look no farther than equities. it is call RISK AVERSION.

aruba tino 16:58 GMT August 11, 2010
jpy

bye bye bye
rabanana

tokyo rana 16:53 GMT August 11, 2010
jpy

thanx all,not seriours question....happy trade,

aruba tino 16:52 GMT August 11, 2010
jpy

because it was too strong five days ago

Hong Kong Qindex 16:48 GMT August 11, 2010
Gold : Current Comments
Reply   
Gold
Entry: Target: Stop:

Gold will go down with platinum which is going to test the supporting barrier at 1473.1 // 1508.4 (see the rest at the front page).

tokyo rana 16:48 GMT August 11, 2010
jpy

why today euro very weak?any idea?happy trade.

Hilton Head Island ZEUS 16:34 GMT August 11, 2010
EUR/USD SCALP

3/4 out @ 1.2912 for +20
B/E for remainder
Hit & Run was done!

Cheers!

aruba tino 16:34 GMT August 11, 2010
US Trade Deficit

jp you maybe ok
now i see you no type of clown to quote his own self after making 20 pips with scalp. Even if you do that with succes few times everyday.
What you think about roughly 1.1-1.4 range until 2011 ends?

Hilton Head Island ZEUS 16:24 GMT August 11, 2010
EUR/USD SCALP

Ok- Lucky scalpers to take gains at their leisure.

Happy Day!

Mtl JP 16:24 GMT August 11, 2010
US Trade Deficit

respectfully suggest reading Blog 15:40.

Ben and his FED team appear to be managing to p!$$ off parts of the market. Personally I do not see why a trader gets all huffed n puffed about policymaker action instead of just reacting and trying to skim profits from it.

aruba tino 16:16 GMT August 11, 2010
US Trade Deficit

you, you, you mister jp have very very special senses for making humor. if someone named shalom sure he always the victim.

GVI Forex john 16:14 GMT August 11, 2010
GVI Forex Trading Support

From same G-V table. you might want to use standard deviations on Bollinger Bands on some pairs today.

Bollinger	EUR/USD	USD/JPY	USD/CHF	GBP/USD	USD/CAD
20d Sdev	0.0164	0.85	0.0065	0.0280	0.0102
					
3 Std Dev	1.3519	89.26	1.0673	1.6421	1.0647
2 Std Dev	1.3355	88.41	1.0608	1.6142	1.0545
1 Std Dev	1.3191	87.56	1.0543	1.5862	1.0443
					
20day Avg	1.3026	86.70	1.0478	1.5582	1.0342
					
1 Std Dev	1.2862	85.85	1.0413	1.5303	1.0240
2 Std Dev	1.2697	85.00	1.0348	1.5023	1.0138
3 Std Dev	1.2533	84.15	1.0283	1.4743	1.0036

Gen dk 16:11 GMT August 11, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Hilton Head Island ZEUS 16:08 GMT August 11, 2010
EUR/USD SCALP
Reply   
Long @ 1.2892

tokyo rana 16:06 GMT August 11, 2010
jpy

short cadjpy..happyday

GVI Forex john 16:06 GMT August 11, 2010
GVI Forex Trading Support

Pivots	EUR/USD	USD/JPY	USD/CHF	GBP/USD	USD/CAD
Res 3	1.3417	87.04	1.0731	1.6138	1.0495
Res 2	1.3326	86.64	1.0674	1.6024	1.0442
Res 1	1.3258	85.99	1.0576	1.5940	1.0377
					
Pivot	1.3167	85.59	1.0519	1.5826	1.0324
					
Sup 1	1.3099	84.94	1.0421	1.5742	1.0259
Sup 2	1.3008	84.54	1.0364	1.5628	1.0206
Sup 3	1.2940	83.89	1.0266	1.5544	1.0141


Pivots	EUR/GBP	EUR/JPY	EUR/CHF	AUD/USD
Res 3	0.8415	114.95	1.4026	0.9290
Res 2	0.8389	114.37	1.3975	0.9228
Res 1	0.8352	113.47	1.3898	0.9184
								
Pivot	0.8326	112.89	1.3847	0.9122
								
Sup 1	0.8289	111.99	1.3770	0.9078
Sup 2	0.8263	111.41	1.3719	0.9016
Sup 3	0.8226	110.51	1.3642	0.8972

Mtl JP 16:04 GMT August 11, 2010
US Trade Deficit

JCT is the strong dollar mouthpiece.
Geithner is probably having lunch with Warren.
Ben is just a victim.

GVI Forex john 16:02 GMT August 11, 2010
GVI Forex Trading Support



PAR 15:55 GMT August 11, 2010
US Trade Deficit
Reply   
Stronger dollar as solution for the Us trade deficit ? Another of Ben 's creative ideas ?

Hong Kong Qindex 15:55 GMT August 11, 2010
EUR/JPY : Critical Point 110.02
Reply   
EURJPY
Entry: Target: Stop:

EUR/JPY : Critical Point 110.02


As shown in the front page of my website the market is toughing a critical point at 110.02. Speculative selling pressure will increase when the market is below 110.


http://www.qindex.com

Hilton Head Island ZEUS 15:55 GMT August 11, 2010
EUR/USD and GBP/USD

NZ OT 15:31 GMT August 11, 2010

Thanks OT. Glad to hear that you made some $$!

Cheers!

Hilton Head Island ZEUS 15:53 GMT August 11, 2010
EUR/USD : Current Comments

Looks poised for a scalp rally here.

Hong Kong Qindex 15:45 GMT August 11, 2010
EUR/USD : Current Comments
Reply   
EURUSD
Entry: Target: Stop:

EUR/USD : As shown in the section for "long Term References for Position Traders" the market is under pressure when it is retraced all the way below 1.3132. Speculative selling pressure will increase when the market is below 1.2835.


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

GVI Forex Blog 15:43 GMT August 11, 2010 Reply   
EUR/USD (a 4-hour chart of which is shown) as of Wednesday (8/11/2010) has dramatically furthered its fall after this week’s bearish breakdown of the uptrend channel that has been in place since late

EUR/USD Trend Change Targets 1.27 Downside

GVI Forex Blog 15:40 GMT August 11, 2010 Reply   
When the Fed takes a step closer to printing more money as it did on Tuesday and the dollar has its biggest one-day rise in over a year against the euro (and is weaker versus the yen), something else is going on that trumps basic economic reason

Fed Pricked Risk Bubble (FXA)

GVI Forex john 15:36 GMT August 11, 2010
long usdjpy at 84.91-

sao- Nice call earlier in USDJPY!

GVI Forex Blog 15:35 GMT August 11, 2010 Reply   
In currency trading, EUR/USD dropped well below the 1.30 level for the first time in the month of August while EUR/CHF probed the lower end of the 1.36 handle.

Forex Blog - US Market Update (Trade the News)

NZ OT 15:31 GMT August 11, 2010
EUR/USD and GBP/USD

Followed you into battle again, Zeus. Same result. Incidentally, spent a little time blowing bubbles when GBP went up to 1.60, but with sensible risk management, did fine in the end. Cheers to you!

Dubai SAS 15:29 GMT August 11, 2010
Sell USDCAD
Reply   
Sell USDCAD
Entry: 1.0470 Target: Open Stop: 1.0520

Sold ....

PAR 15:27 GMT August 11, 2010
Irish Banks
Reply   
Rumors of ECB support as some Irish Banks in trouble ?

GVI Forex Blog 15:24 GMT August 11, 2010 Reply   

Weak China Data, Reaction to Fed Move Driving Equities Sharply Lower

tokyo rana 15:23 GMT August 11, 2010
jpy

eurusd longs closed....now only eurjpy long...happy day,

GVI Forex Blog 15:22 GMT August 11, 2010 Reply   

Flight-to-Safety Driving Dollar, Yen Higher; U.K. Lowers Growth

tokyo rana 15:17 GMT August 11, 2010
jpy

Buy EURUSD
Entry: 1.2875 Target: open Stop: tight

bought...happy day,

Hilton Head Island ZEUS 15:17 GMT August 11, 2010
EUR/USD and GBP/USD

GBP/USD @ 1.5641 given away for lucky farm sized gains.

Asta la vista baby!

PAR 15:16 GMT August 11, 2010
Moody's
Reply   
Moody’s Investors Service said Turkey’s credit fundamentals will be hurt should the government delay planned spending limits and adopt a looser fiscal stance.

A prolonged delay of the so-called fiscal rule would “deprive Turkey of an anchor for its fiscal policy, which would make it easier for the government to loosen its fiscal policy in the run up to elections” next year, said Moody’s analyst Sarah Carlson in an e-mailed response to questions.

“On its own the decision to delay passing the government’s proposed fiscal rule does not adversely affect the rating,” Carlson said. “A looser fiscal stance would adversely affect Turkey’s credit fundamentals, not only because of the impact on debt and deficit metrics, but also because it makes problems such as external imbalances, private sector crowding out, and inflationary pressures harder to contain.”

Saar KaL 15:11 GMT August 11, 2010
This is good
Reply   
In General Holding positions with the ones that Buy/ Sells
I think EURUSD going back to 1.20 to 1.18
Then North to 1.42
DJI south till 9500...then north to 11,200

EURUSD Sell 1.3239 1.3066
GBPUSD Sell 1.5933 1.5706
USDCHF Hold 1.0619 1.0431
USDJPY Buy 86.21 84.92
GBPJPY Hold 136.94 134.24
NZDUSD Hold 0.7291 0.7165
GBPAUD Hold 1.7494 1.7158
GBPNZD Sell 2.2043 2.1653
SP500 Sell 1,130.38 1,109.95
GBPCHF Sell 1.6755 1.6511
AUDUSD Sell 0.9193 0.9039
USDCAD Hold 1.0389 1.0251
EURJPY Hold 113.84 111.65
OIL Sell 81.63 79.07

GVI Forex Blog 15:11 GMT August 11, 2010 Reply   
Aug 11 (global-view.com) UPCOMING DATA HIGHLIGHTS: The Far East will see key Australian employment data. Revisions to Japanese Industrial Output are due as well. In Europe, Eurozone industrial production data are due. In North America, weekly jobless claims and import prices are slated. The U.S. will also see a 30-yr auction.

GVI Forex- Data Outlook for Aug 12, 2010

GVI Forex john 15:08 GMT August 11, 2010
GVI Forex Trading Support

 

Aug 11 (global-view.com) UPCOMING DATA HIGHLIGHTS: The Far East will see key Australian employment data. Revisions to Japanese Industrial Output are due as well. In Europe, Eurozone industrial production data are due. In North America, weekly jobless claims and import prices are slated. The U.S. will also see a 30-yr auction.

 

 

 

THURSDAY

 

 

0:30

AU

Jobs k Jul

20

45.9

0:30

AU

Rate Jul

5.10%

5.10%

4:30

JA

Ind Out Junr

n/a

0.10%

9:00

EZ

Ind Prod mm Jun

0.60%

0.90%

9:00

EZ

Ind Prod yy Jun

0.70%

9.40%

12:30

US

Imp Prices Jul

0.40%

-1.30%

12:30

US

WKInit Claims k

465

479

12:30

US

WKConClaims m

4.54

4.537

17:00

TRY

TRY 30-yr

n/a

n/a

 

 


tokyo rana 14:59 GMT August 11, 2010
jpy

gbpjpy longs closed...buy on dip later...happy day

Lahore FM 14:55 GMT August 11, 2010
Trade Ideas

VT,it is 1.3160

Hilton Head Island ZEUS 14:54 GMT August 11, 2010
EUR/USD and GBP/USD

Closed out some more EUR/USD's @ 1.2898.
Good to spend time at the beach.

Hilton Head Island ZEUS 14:49 GMT August 11, 2010
USDJPY

London Mick 14:41 GMT August 11, 2010

That gave a good chuckle Mick!

However, I'm just a front line grunt that was lucky enough to call the coin toss in the air.

Cheers mate!

aruba tino 14:47 GMT August 11, 2010
hk nt
Reply   
nice eur/usd call

400 pips out the 750 already done

Bedford VT 14:44 GMT August 11, 2010
Trade Ideas

EURUSD
Entry: Target: Stop:

Lahore, do you have a target for you EUR/USD long my friend?

tokyo rana 14:44 GMT August 11, 2010
jpy

Buy USDJPY
Entry: 85.39 Target: open Stop: open

bought...happy day,

Hilton Head Island ZEUS 14:42 GMT August 11, 2010
USDJPY

Leaving some at b/e for a free shot at something huge.

Gen dk 14:41 GMT August 11, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

London Mick 14:41 GMT August 11, 2010
USDJPY

Zeus are we to find out you are really the BoJ? Nice one.

Hilton Head Island ZEUS 14:41 GMT August 11, 2010
USDJPY

Some lucky gains taken at 85.32
Happy Day!

Hilton Head Island ZEUS 14:39 GMT August 11, 2010
EUR/USD and GBP/USD

Johor Jim 14:31 GMT August 11, 2010

Jim- Honestly don't know. I try not to think about what comes next.
Prefer to just take positions and trade accordingly.
We just flip a coin and with any luck...

Best wishes to you!
Cheers!

Mtl JP 14:37 GMT August 11, 2010
Trade Ideas



euraud Squeeze play update

Hilton Head Island ZEUS 14:37 GMT August 11, 2010
USDJPY

Montréal Taro 14:24 GMT August 11, 2010
Good morning to you taro. Nice to see you as well.
GLGT! :-)


USD/JPY...Traders can take lucky gains at their leisure.

Happy Day!

Lahore FM 14:36 GMT August 11, 2010
Trade Ideas

Buy EURUSD
Entry: 1.2910 Target: Stop: 1.2860 for two

filled long eurusd 1.2910.stops in place for two.

Johor Jim 14:31 GMT August 11, 2010
EUR/USD and GBP/USD

Do u think it will go lower?

tokyo rana 14:30 GMT August 11, 2010
jpy

Buy EURJPY
Entry: 110 Target: open Stop: open

happy day,

Hilton Head Island ZEUS 14:28 GMT August 11, 2010
EUR/USD and GBP/USD
Reply   
Took some off the table to score some big position gains on EUR/USD @ 1.2927 and GBP/USD @ 1.5644

Happy Day!

Montréal Taro 14:24 GMT August 11, 2010
USDJPY

Good morning Zeus, good to see you here!!

douglas IOM cookie 14:24 GMT August 11, 2010
eur-gbp
Reply   
EURUSD
Entry: Target: Stop:

which platform is best for a rewarding trip

tokyo rana 14:22 GMT August 11, 2010
jpy
Reply   
Buy GBPJPY
Entry: 133 Target: open Stop: 132.60

bought..very risky trade,happy day,

Hilton Head Island ZEUS 14:20 GMT August 11, 2010
USDJPY

Train is about to clear the station and gaining steam.

Cheers!

PAR 14:13 GMT August 11, 2010
PPT

With a little help from BEN'S PPT US stocks may have a positive close.

dc CB 14:04 GMT August 11, 2010
PPT

auctioning 24Bln in 10years at 1PM est today.
ttomorrow 30year.

10's could go off sub 2.70%....

why would the PPT want to come in now. maybe tomorow after the 30y auction goes off below 3.9% ???

Lahore FM 14:01 GMT August 11, 2010
Trade Ideas

Buy EURUSD
Entry: 1.2966 Target: Stop: later

long now,one order long at 1.2910,stops later for both.

PAR 13:57 GMT August 11, 2010
PPT
Reply   
Bernanke s magic is finished. Buying mortgage backed securities , buying treasuries not working anymore . Only policy tool left is PPT rescue.

Hilton Head Island ZEUS 13:55 GMT August 11, 2010
USDJPY

Looks like the train is about to roll out of the station.
All aboard.....

Mtl JP 13:54 GMT August 11, 2010
correlations

conviction is correlated 100% inversely proportionally to one's funding ability.

0 bullets = 0 conviction.

PAR 13:53 GMT August 11, 2010
PPT
Reply   
With DOW down over 200 PPT will almost certainly intervene .
Expect huge volatility.

douglas IOM cookie 13:50 GMT August 11, 2010
support line
Reply   
EURUSD
Entry: Target: Stop:

support level @ 1.2950/60 area a [email protected] july maybe hold and consolidate

sofia kaprikorn 13:48 GMT August 11, 2010
correlations

patience and conviction is one part of the game.

the other is often omitted somehow here because of the simple reason that one write on a free forum anything. it is size, margin and risk that separate the winning from the loosing.

this is because one might live well off 15 pip scalps on a 5 mil possie and no one will ever get to know if somebody is starting ti build position around 1.57, bets the farm at 1.5828 and survives an extended move till 1.60. so a normal target for a 200-300 pip risk might be 1.50 which might be around 3:1 r/r.

I like your style and I enjoy conversations and ideas you share but it's just these things bother me. or maybe I'd be better off as a good trader advised me to just dump all those books and do what nobody writes and talks about as it might be what really works.. all the best!

aruba tino 13:42 GMT August 11, 2010
usd/jpy long play until MAR/2011
Reply   
Buy USDJPY
Entry: 82.85-84.85 Target: 101.11 Stop: 82.35

trend and position trade

GVI Forex john 13:42 GMT August 11, 2010
GVI Forex Trading Support

LATEST PIVOT POINTS
Entry: Target: Stop:

Third pivot support level in EURUSD 1.2940.

Hilton Head Island ZEUS 13:40 GMT August 11, 2010
USDJPY

Hilton Head Island ZEUS 13:36 GMT August 11, 2010
Err key slip. Was executed at 84.85

Now the coil is ready to spring into action.

Happy Day!

Hilton Head Island ZEUS 13:36 GMT August 11, 2010
USDJPY

Nice add on at 84.83

HK [email protected] 13:27 GMT August 11, 2010
GOLD
Reply   
All time gold is below 1210 it is a ZZZZZZZZZZ!!!

Anyway it was not the best idea to short it according to Scotia Mocatta advice this morning.

A break above 1210, means a price-fly to 1222.

Hilton Head Island ZEUS 13:25 GMT August 11, 2010
correlations

Risk off is great for the beach trades.
Nobody believed but now look.
Cheers!

Chicago sc 13:21 GMT August 11, 2010
correlations
Reply   
EURUSD
Entry: Target: Stop:

Risk off day. EURUSD tracking equities closely.

Singapore PW 13:14 GMT August 11, 2010
???
Reply   
Any news just come out?

sao 13:03 GMT August 11, 2010
long usdjpy at 84.91-

looks that the BOJ is trying to control the situation and then force the squeeze. I feel much better being long usdjpy with a stop here than being short usdjpy-

sao 13:00 GMT August 11, 2010
long usdjpy at 84.91-
Reply   

Entry: 84.91 Target: 95 Stop: 84.40

bought one more piece usdjpy at 84.91 for long term- We broke 85, we went to 84.70 and nothing happened. I think that we will be at 95 by year end.

Hilton Head Island ZEUS 12:58 GMT August 11, 2010
USDJPY

Long USD/JPY @ 84.89

Lahore FM 12:57 GMT August 11, 2010
Trade Ideas

Rexburg Stubbs 11:18 GMT August 11, 2010

many good calls Stubbs.

good trading!

Wall Street 12:56 GMT August 11, 2010
USDJPY

JP- good point. You can never count on a central bank. On the other hand, don't think just because 85.00 was penetrated that Japan is out of the picture. They can take a much longer view than we traders do.

Lahore FM 12:54 GMT August 11, 2010
Trade Ideas

Sell GBPUSD
Entry: 1.5905 Target: Stop: 1.5905

08/11/2010 01:16:47 FM Lahore 9

Sell GBPUSD
Entry: 1.5905 Target: Stop: 1.5905
08/10/2010 19:28:17 FM Lahore 4

Sell GBPUSD
Entry: 1.5905 Target: Stop: 1.5905

--
keeping half of the post fomc short 1.5905 with an entry stop for a deeper move lower.
--
rest of the post fomc shot gbpusd 1.5905 which happened to be 2 pips below day high closed now at 1.5702 for 203+.

Hilton Head Island ZEUS 12:46 GMT August 11, 2010
USDJPY

Perhaps USD/JPY is commencing a bit of a relief rally.

GVI Forex john 12:41 GMT August 11, 2010
GVI Forex Trading Support



ECONOMIC DATA CHART
Entry: Target: Stop:

Trade Gap much larger than expected. Exports down and imports up.

Mtl JP 12:39 GMT August 11, 2010
USDJPY

Wall Street - reminder caveat from an old trader fox:
"Many have heard me say over the years to never count on central banks to bail you out of a position." - Jay 15:12 GMT April 21, 2010

instead of wondering you could consider placing a bet
Fx Chart Points Pivot
S1 84.94
S2 84.54
S3 83.89

Cairo Hesham 12:32 GMT August 11, 2010
Gold
Reply   
Gold
Entry: Target: Stop:

what is happening to the Gold?

Wall Street 12:27 GMT August 11, 2010
USDJPY
Reply   
USDJPY broke 85.00 earlier. I wonder if Tokyo will be behind the scenes trying to push back above 85.00. Tricky trades.

Dubai SAS 12:14 GMT August 11, 2010
Buy EURUSD

Dubai SAS 11:12 GMT August 11, 2010
Buy EURUSD : Reply
Buy EURUSD
Entry: 1.2995 Target: Open Stop: 1.2960

Bot ....

Out @ 1.3020 for +25 .. will see how it behaves after US open ...

GVI Forex Blog 12:01 GMT August 11, 2010 Reply   
Dollar-Swiss tested the Resistance at 1.0600 and has come down in the US session yesterday.

FX Thoughts for the day : 11-Aug-2010 - 1158 GMT

Hong Kong Qindex 11:50 GMT August 11, 2010
USD/JPY : Critical Point 84.04
Reply   
USDJPY
Entry: Target: Stop:

USD/JPY : The following is still valid :


Hong Kong Qindex 17:16 GMT August 7, 2010
USD/JPY : Critical Point 84.04 : Reply
USDJPY
Entry: Target: Stop:

USD/JPY : Critical Point 84.04



The bias is on the downside when the market is below the barrier at 84.04 // 86.40. A supporting barrier is expected at 82.65 // 82.83 and a resistant barrier is located at 86.56 // 86.92.



USD/JPY : Monthly Cycle Charts
http://www.qindex.com/yen.html

YVR MAXXIM 11:50 GMT August 11, 2010
picoté, meaning 'marked with points'.



GBPUSD
Entry: Target: 1.5600 Stop:

*Comments:20-20

Vienna GD 11:43 GMT August 11, 2010
SWISSIE

Gold 750 ... only if it makes it into 3rd week of August - around stock OE. Thereafter all Gold shorts will cover at higher prices.
Next major gold peak early 2012.
Time is more important than price.

GVI Forex Jay 11:34 GMT August 11, 2010
jpy

The following are posts from GVI Forex

Market players cited talk of stop-loss offers in the dollar near 84.80 yen and 84.75 yen, and large option barriers at 84.75 yen and 84.50 yen, suggesting that the dollar's drop against the yen could gain momentum if such levels are hit....(from RTRS recap in our blog)

Hearing of barriers starting 84.75 and coming every 25 pips down to 83.75 exp today and tomorrow. Maybe gets a little dicey for $/Y here... (posted by GVI Forex member)

London Misha 11:32 GMT August 11, 2010
Observations
Reply   
USDJPY - Key Reversal Down on the Daily Chart!
GBPUSD - Possible Bullish hammer on the Daily Chart.
USDCHF - Bullish Engulfing Pattern on the Daily Chart!
EURGBP - Possible Bearish Long Legged (one sided) Doji on the Daily Chart.
EURJPY - Long Black Marubozo follows on from a Doji on the Daily Chart.
USDCAD - Possible Bearish Advance Block/Shooting Star on the Daily Chart.
AUDUSD - Possible Bearish Hanging Man on the Daily Chart.

GVI Forex john 11:25 GMT August 11, 2010
GVI Forex Trading Support

Data @ 12:30 GMT
U.S. and Canada Merchandise Trade


Broad Definition: Merchandise trade is trade in goods only, not services, and excludes capital transfers and foreign investments. Exports are total exports; they include both domestically-produced goods and re-exports, which constitute imports of goods which are warehoused here, then re-exported. Imports are general imports, which measure total arrivals of goods. The. Balance of trade is defined as total exports minus general imports.

IMPACT: Trade figures used to be viewed as the most important statistic for the forex market. It goes to proper valuation of the exchange rate, but can also reflect relative demand for goods. A trade deficit is a net deduction from GDP, while a surplus is an addition.

Auckland peat 11:24 GMT August 11, 2010
S&P
Reply   


I'm a bear but bullish butterfly forming here and a hammer candle on this hourly chart - resistance now at 1115 (blue area)

Rexburg Stubbs 11:21 GMT August 11, 2010
gbpusd 140 pips

I'm to say that two can play that game. Nice head FAKe yesterday. Pat on the shoulder-

Rexburg Stubbs 18:25 GMT August 10, 2010
gbpusd 140 pips: Reply
I'm to say "don't be fooled by randomness"
USD is rising up up up very soooon.

Rexburg Stubbs 18:19 GMT August 10, 2010
gbpusd 140 pips: Reply
I'm to say 1.5843 was my 2nd and biggest sell short for Amman sized gains.

tokyo rana 11:20 GMT August 11, 2010
jpy

aruba tino 11:14 GMT August 11, 2010
dear friend,iwill be careful...happy day,

tokyo rana 11:18 GMT August 11, 2010
jpy

Auckland peat 11:14 GMT August 11, 2010
dear friend,my chart was 84..819 now 84.734...lets see wat happen next..happy day,

Rexburg Stubbs 11:18 GMT August 11, 2010
Trade Ideas

I'm to say congratulations Stubbs. Nice call

Rexburg Stubbs 19:18 GMT August 10, 2010
Trade Ideas: Reply
I'm to say that 85 is an easy target since it is just a few pips away.
One GS trader leaning on his button but for a brief moment will tackle that.

Richland QC Mailman 11:18 GMT August 11, 2010
GVI Forex Trading Support

Trend for the past 2 days favouring the USD. But at this point, i think it is worth to take some contra-trend trading for euro, gbp, aussie and even the swissie. It has reached very attractive levels to go long.

GVI Forex john 11:15 GMT August 11, 2010
GVI Forex Trading Support

Pivot point Support 2 in EUR/USD 1.3008 (see below).

Auckland peat 11:14 GMT August 11, 2010
jpy

rana my chart says a low of 84.79 on 26 Nov 2009 , other than that yes it was 1995 before such lows occurred in USD/JPY. I wonder if we hammer candle this hour though.

aruba tino 11:14 GMT August 11, 2010
jpy

rana, be careful from the banana, 15 years low are good enough for 5 years high the next year.

Going and building jpy/krw short for PPF (personal pension fund)

HK [email protected] 11:13 GMT August 11, 2010
Major IDF Manuevers In Northern Israel Threaten Lebanon, Syria, Iran
Reply   
Details on Political Forum

http://www.global-view.com/forums/forum.html?f=5

GVI Forex john 11:13 GMT August 11, 2010
GVI Forex Trading Support

Pivots	EUR/USD	USD/JPY	USD/CHF	GBP/USD	USD/CAD
Res 3	1.3417	87.04	1.0731	1.6138	1.0495
Res 2	1.3326	86.64	1.0674	1.6024	1.0442
Res 1	1.3258	85.99	1.0576	1.5940	1.0377
					
Pivot	1.3167	85.59	1.0519	1.5826	1.0324
					
Sup 1	1.3099	84.94	1.0421	1.5742	1.0259
Sup 2	1.3008	84.54	1.0364	1.5628	1.0206
Sup 3	1.2940	83.89	1.0266	1.5544	1.0141


Pivots	EUR/GBP	EUR/JPY	EUR/CHF	AUD/USD
Res 3	0.8415	114.95	1.4026	0.9290
Res 2	0.8389	114.37	1.3975	0.9228
Res 1	0.8352	113.47	1.3898	0.9184
								
Pivot	0.8326	112.89	1.3847	0.9122
								
Sup 1	0.8289	111.99	1.3770	0.9078
Sup 2	0.8263	111.41	1.3719	0.9016
Sup 3	0.8226	110.51	1.3642	0.8972

Dubai SAS 11:12 GMT August 11, 2010
Buy EURUSD
Reply   
Buy EURUSD
Entry: 1.2995 Target: Open Stop: 1.2960

Bot ....

GVI Forex john 11:12 GMT August 11, 2010
GVI Forex Trading Support

Syd 11:06 GMT August 11, 2010
Special Report - Inside Greece's war on tax evaders
Reply   
Reuters) - The tax investigator thinks she's nearly cracked it. For months the civil servant has pored over storage inventories, confiscated computer files and the bank records of Greek doctors pointing to millions of euros not explained by their pay slips.
http://uk.reuters.com/article/idUKTRE67A1KX20100811

tokyo rana 11:05 GMT August 11, 2010
jpy

another history...15years low..

BERN DS 11:01 GMT August 11, 2010
SWISSIE
Reply   
Our humble view of USDCHF for next 9 month 13500 ! but may be as usual too extreme.... GOLD 750 USD then 10000 USD per ounce ... glgt

tokyo rana 10:58 GMT August 11, 2010
jpy
Reply   
ok guys 85 gone...

GVI Forex Blog 10:49 GMT August 11, 2010 Reply   
The dollar fell close to 15-year lows versus the yen on Wednesday as steps taken by the Federal Reserve to revive a faltering U.S. economy pushed U.S. Treasury yields lower

FOREX NEWS - Dollar near 15-year low vs yen after Fed move

Richland QC Mailman 10:44 GMT August 11, 2010
GBPUSD

HI Zeus. In view of what is happening to eur/usd, what is your view on its counterpart - the swiss knife?

Your insights here much appreciated.

Hilton Head Island ZEUS 10:41 GMT August 11, 2010
EUR/USD

Dublin GT 10:34 GMT August 11, 2010

Spending more time on the beach so took a high level view instead of an intraday laser scalp. The longer out one looks the more room is needed to let the trade work itself out so these bigger picture trades were taken accordingly and was lucky that they worked out.

GLGT :-)

Hilton Head Island ZEUS 10:34 GMT August 11, 2010
GBPUSD

Dublin GT 10:29 GMT August 11, 2010

Thanks GT. When trading, all we have is luck. Just glad that more four leafed clovers seemed to be found than a flip of the coin.

Cheers!

Dublin GT 10:34 GMT August 11, 2010
EUR/USD

Same can be said for eurusd. May I ask how close you came to getting stopped out? Congrats for having brass balls.

Dublin GT 10:29 GMT August 11, 2010
GBPUSD

Zeus. You made some really good calls the past few days on the dollar turn but this one where you bet the farm at 1.5828 when you were also selling 100 pips lower and see it rise 170 pips against you from your highest sale is the luck of the Irish. It is good that you will around to see your harvest this year. Nice trading.

Hilton Head Island ZEUS 10:29 GMT August 11, 2010
EUR/USD

Tybee Beach ZEUS 15:13 GMT August 2, 2010
EUR/USD:
Heavy short position @ 1.3192
_______________________________________________
Take gains at your leisure.
Cheers!

Hilton Head Island ZEUS 10:23 GMT August 11, 2010
GBPUSD

Tybee Beach ZEUS 11:31 GMT August 2, 2010
GBPUSD
Liquidated other positions and bet the farm by adding short for the ultimate GBP/USD position @ 1.5828.
Big win or big loss is coming.
_________________________________________________________
Don't ever bet the farm...unless you want a bigger farm.
Take gains at your leisure.

Happy Day!

Syd 10:21 GMT August 11, 2010
Euro Rescue Fund Insufficient, Imbalances Must Be Addressed - IMK
Reply   
BERLIN (Dow Jones)--The euro rescue fund is insufficient to safeguard stability of the euro zone and greater effort is needed to tackle foreign trade imbalances, a leading German economic think tank said Wednesday.

"The euro rescue fund has saved the European Monetary Union from a breakup in the acute crisis," the Duesseldorf-based research institute IMK said. "But as long as the core, structural problems of the monetary union don't get solved, the stability remains precarious: Weak member states such as Greece have little chance to generate high growth under the present conditions and as a result to reduce their sovereign debt."
http://online.wsj.com/article/BT-CO-20100811-704536.html

Syd 10:20 GMT August 11, 2010
U.S. stocks set for sharply lower open; Dow futures down 117 points
Reply   
FRANKFURT (MarketWatch) -- Wall Street trading looked set to open with sharp losses on Wednesday, as data from China and Japan once again thrust concerns over the pace of the global economic recovery to the forefront of investors' minds. http://www.marketwatch.com/story/stock-futures-fall-sharply-on-economic-worries-2010-08-11?siteid=bnbh

Hilton Head Island ZEUS 10:20 GMT August 11, 2010
It is time for the USD to shine

Ah yes, just checking on today and what do we see....nice smooth as butter price transitions as expected.

Happy Day!

GVI Forex Jay 10:13 GMT August 11, 2010
Tech Talk
Reply   


I posted this earlier on GVI Forex

GVI Forex Jay 10:00 GMT August 11, 2010
Tech Talk: Reply
Head scratcher day.

It is all about risk aversion today with flows into the jpy and to a lesser extent chf fueling offset dollar demand elsewhere. This has seen EUR/USD test its 20 day mva (1.3026) for the first time since the start of July. S2 is 1.3008 as 1.30 looms below. Last time sub-1.30 traded was July 30. Back above Tuesday's 1.3075 low is needed to shift focus from 1.30. 1.2940 = 61.8% of 1.2733-1.3333. There is a minpr double bottom around 1.2980.

Price action suggests dollar is getting safe haven demand but it is more offsets from jpy and chf (see below) than enthusiasm over the dollar. This paints a mixed picture for the dollar with USD/JPY focus on 85.00 (tested) and looking shaky with major 84.83 support lying just below.

So, to sum up -- 1.30 and 85.00 hold the keys to what comes next.

John summed it up well in his Daily Forex View:

Its hard to read the Fed decision as anything but bearish for the USD in the longer term, but the forex markets are confounding us once again. It may be best to let the markets play this out and wait for the dust to settle.

GVI Forex Blog 10:12 GMT August 11, 2010 Reply   
Risk aversion sentiment helped to push the USD and JPY currencies higher and at their best levels against the European pairs ahead of the NY morning in the post FOMC decision environment.

European Market Update: Risk aversion sentiment sweeps global markets (Trade the News)

Syd 10:12 GMT August 11, 2010
Euro Rescue Fund Insufficient, Imbalances Must Be Addressed - IMK
Reply   
The euro rescue fund is insufficient to safeguard stability of the euro zone and greater effort is needed to tackle foreign trade imbalances, a leading German economic think tank said Wednesday.
"The euro rescue fund has saved the European Monetary Union from a breakup in the acute crisis," the Duesseldorf-based research institute IMK said. "But as long as the core, structural problems of the monetary union don't get solved, the stability remains precarious: Weak member states such as Greece have little chance to generate high growth under the present conditions and as a result to reduce their sovereign debt."
Strict austerity in Greece could increase the country's problems because it will dampen the tax revenue needed for consolidation, it warned.

Once the rescue measures expire and if the euro-zone's fundamentals haven't improved, there "is a high risk in the medium term for such countries to become a target of speculative attacks."
In May, European Union countries and the International Monetary Fund agreed a massive EUR750 billion bailout for euro-zone states on the verge of default.

The euro-zone states that have faced higher borrowing costs on markets in recent months won't be able to solve their problems through consolidation alone. Instead, the European Union's Stability and Growth Pact must be reformed to include private sector debt, and not just that of general government budget deficit and public debt.

"As a result, not only states with a permanent negative current account balance would be perceived as a risk to the stability of the monetary union but also countries with chronically current account surpluses," it said.

Germany, which has big current account surpluses due to its strong export sector, has been repeatedly criticized by some euro-zone countries for lacking in efforts to boost domestic demand.

GVI Forex john 10:08 GMT August 11, 2010
gbp

ac- The latest Sterling blow came from the BOE inflation report. See NZ OT 09:41 below. Gov King testifying now.

Haifa ac 10:05 GMT August 11, 2010
gbp

hk Francis 09:37 GMT August 11, 2010
gbp: Reply
gbp news pls? just dropped//
ZEUS is short the house, the farm and the Lamborginee.
And he is ROARING NOW!

Syd 10:04 GMT August 11, 2010
Shades Of Gray In China's Income Levels
Reply   
The good news: Chinese people have more money, on average, than most analysts realize.
The bad news: Most of that extra wealth lies with the already-rich, widening income inequality beyond that suggested by official figures. This crowd is often supplementing its earnings with 'gray' income which can include kickbacks, bribes and the like.
These are the conclusions of academic research into China's real income levels by Wang Xiaolu
Chinese people have more income per head than official data shows, according to research from Credit Suisse; the bad news is more of it is concentrated among the country's rich, exacerbating the income inequality gap, Research shows that if so-called hidden income, which can include income received in bribes and kickbacks, is included, Chinese people on average are 90% wealthier than official data records, with the top 10% more than 3 times more wealthy. CS suggests some stocks could benefit from there being even more latent power in the Chinese consumer story than previously believed. That's good news for luxury goods providers like LVMH or BMW for Chinese property developers, and for gambling companies with a big presence in Macau. Rather than a consumption basket, maybe call this one a corruption basket.

http://online.wsj.com/public/page/news-financial-markets-stock.html

Minneapolis DRS2 10:02 GMT August 11, 2010
EUR/USD back to 1.3120
Reply   
How's this for a wacky trade idea? Watch EUR/USD jump right back to 1.3120. Buy at current price (1.3024), and put the stop at whatever makes you comfortable...

Gen dk 10:02 GMT August 11, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

GVI Forex Blog 10:01 GMT August 11, 2010 Reply   
The Initial Jobless Claims is a seasonally adjusted measure of the number of people who file for unemployment benefits for the first time during the given week.

Forexpros Daily Analysis - 11/08/2010

Saar KaL 09:54 GMT August 11, 2010
today

yes
I Longed and stay till 92 area

GVI Forex john 09:53 GMT August 11, 2010
GVI Forex Trading Support


The Daily Forex View

Adjusting Markets

(Global-View.com) Aug 11, 2010 It seems that the markets were not prepared for the Fed decision on Tuesday. No one had expected a rate change so the rate 

MORE



NZ OT 09:41 GMT August 11, 2010
gbp

BoE cut UK GDP forecasts. Expects inflation under 2% 2012.

Lahore FM 09:40 GMT August 11, 2010
gbp

BOE Signals Unlikely To Tighten Before 2Q 2011

Gen dk 09:39 GMT August 11, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

hk Francis 09:37 GMT August 11, 2010
gbp
Reply   
gbp news pls? just dropped.

Surabaya Medallion 09:33 GMT August 11, 2010
today

Dear Saar Kal

Is this mean that it is okay to Long usd Yen at 84.92? Thanks.

EURUSD Sell 1.3239 1.3066
GBPUSD Sell 1.5933 1.5706
USDCHF Hold 1.0619 1.0431
USDJPY Buy 86.21 84.92
GBPJPY Hold 136.94 134.24
NZDUSD Hold 0.7291 0.7165
GBPAUD Hold 1.7494 1.7158
GBPNZD Sell 2.2043 2.1653
SP500 Sell 1,130.38 1,109.95
GBPCHF Sell 1.6755 1.6511
AUDUSD Sell 0.9193 0.9039
USDCAD Hold 1.0389 1.0251
EURJPY Hold 113.84 111.65
OIL Sell 81.63 79.07

Gen dk 09:32 GMT August 11, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Saar KaL 09:27 GMT August 11, 2010
Horror Movies
Reply   
oh Man...
watched a thriller last night...Not even Horror
Now i can not even take a dumpy
I think they should use things like dat in medical uses

"Got Di aria ha?"
...hmm
Take this DVD to watch tonight
come and see me in a day or 2

Gen dk 09:17 GMT August 11, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Saar KaL 09:11 GMT August 11, 2010
today

More here
Oil is sell Guys

EURUSD Sell 1.3239 1.3066
GBPUSD Sell 1.5933 1.5706
USDCHF Hold 1.0619 1.0431
USDJPY Buy 86.21 84.92
GBPJPY Hold 136.94 134.24
NZDUSD Hold 0.7291 0.7165
GBPAUD Hold 1.7494 1.7158
GBPNZD Sell 2.2043 2.1653
SP500 Sell 1,130.38 1,109.95
GBPCHF Sell 1.6755 1.6511
AUDUSD Sell 0.9193 0.9039
USDCAD Hold 1.0389 1.0251
EURJPY Hold 113.84 111.65
OIL Sell 81.63 79.07

PAR 08:51 GMT August 11, 2010
Dj Now Watch Currency Tensions Rocket

BOJ to intervene when Nikkei drops below 9000.

Syd 08:47 GMT August 11, 2010
Dj Now Watch Currency Tensions Rocket
Reply   
Global currency tensions involving the U.S., Japan and China will get much worse in the months to come as all three try to stay competitive.
Growth in the three major economies is proving disappointing with domestic demand faltering and reliance on exports growing. Just look at the Fed's latest downgrade for U.S. growth Tuesday, prompting it to extend its liquidity measures for the market.
Japan has long been the main basket case of the three, with repeated fiscal stimuli failing to kick start consumer demand. Even hopes for a solid rebound in the country's machinery orders earlier Wednesday were disappointed.
In recent months, as the dollar tumbled towards Y85 and the yen has become less competitive, currency tensions have worsened.
So far, there has been little sign of Tokyo doing anything about the yen's rise, apart from increased verbal intervention about the damagingh effects of further yen strength on the economy.
Despite expectations to the contrary, the Bank of Japan let its latest policy meeting this week pass without resorting to any further monetary easing, which might have helped to pull the yen back down.
The other option--direct market intervention--is still on the table but is unlikely to be used just yet.
First, the Bank of Japan would have to conduct any such exercise on its own as there is little reason for any other central bank to help.
Secondly, market intervention, pushing the dollar higher, would hardly go down well in Washington as the U.S. tries to avoid its own slide back into recession.
The Bank of Japan also has a third problem, China.
Greater demand for Japanese assets, at the expense of U.S. Treasurys, further increases the likelihood that the dollar will soon fall under key support at Y85 and head toward Y80.
China is now more of a global problem in other ways too.
Trade data for July show exports were stronger than expected while imports failed to meet expectations--suggesting that while global demand is still doing well, Chinese demand is slowing faster than anticipated.
This will destroy hope that Beijing will be confident enough to allow the Chinese currency, the yuan, to advance any faster than it has over the last few weeks since the Peoples' Bank of China released the currency from its fixed dollar peg.
As Mark Williams, senior Chinese economist at Capital Economics in London said: "Something will have to change if China is to avoid a period of sub-8% growth, which we believe remains politically-unpalatable."
As the U.S. faces its own deflation fears, Washington will hardly be keen to see the dollar staging any serious recovery at this stage.
In fact, pressure on China to stop manipulating its currency will increase once again just as disapproval of any attempt by Japan to drive the yen lower through market intervention are likely to grow.
The latest data suggest that there will be little pressure on Beijing to change the status quo. The country's retail sales growth has slowed and consumer price inflation hasn't risen as strongly as expected. In other words, there is even less reason to have a stronger yuan.
Early Wednesday in Europe, the dollar was displaying considerable resilience in the wake of the Fed's decision to use the proceeds from maturing mortgage-backed securities to buy U.S. Treasurys and so prevent any decline in market liquidity.
As investors sought the comfort of safe havens, the euro was pushed down to $1.3048 by 0.645 GMT from $1.3187 late Tuesday in New York, according to EBS.
The single currency also tumbled to Y111.42 from Y112.58 while the dollar traded little chnaged at Y85.36 from Y85.35.

Syd 08:27 GMT August 11, 2010
EUR Looks Exposed on Downside
Reply   
The EUR now appears vulnerable to negative news, says RBS. The bank notes that the market is running out of reasons to push risky assets higher now that the FOMC is over. "Despite dovish Fed action, the EUR is near its lows for the week," the bank says, noting that European periphery yield spreads over bunds have widened and the price of sovereign CDS have risen to their highest level in a couple of weeks.

Saar KaL 08:13 GMT August 11, 2010
today

USDJPY Buy 86.21 84.92
It's this guy now

warsaw TOMi 07:27 GMT August 11, 2010
jpy
Reply   
Buy EURJPY
Entry: 110.99 Target: 112.02 Stop: 110.70

squeezo

Syd 07:10 GMT August 11, 2010
The latest Reuters Poll Trend shows Australia faces the risk of its first hung parliament since Worl
Reply   
CANBERRA, Aug 9 (Reuters) - Australia's Labor government took a narrow lead into the final two weeks of the Aug. 21 election on Monday, defending plans to impose a 30 percent tax on big miners.However, the latest Newspoll gave Gillard's Labor a four point lead, with the government on 52 percent compared to 48 percent for the conservative opposition, prompting both sides to warn voters the election will be tight.

warsaw TOMi 07:06 GMT August 11, 2010
euro
Reply   
Buy EURUSD
Entry: 1.3040 Target: 1.3150 Stop: 1.3015

range

Hong Kong 06:48 GMT August 11, 2010
EUR/USD Intra-day signal by AceTrader
Reply   
EURUSD
Entry: Target: Stop:

INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD
EUR/USD: 1.3056

Late Update At 11 Aug 2010 06:21 GMT

As euro has fallen after meeting renewed sell-
ing interest at 1.3128, suggesting downside bias
remains for decline fm last week's high of 1.3334
to retrace recent upmove to resume n yield re-test
of y'day's low of 1.3074, below extends to 1.3057.


Sell on recovery with stop as indicated, break
prolongs choppy trading inside 1.3074-1.3228 range.

Range Forecast
1.3030 / 1.3080


Resistance/Support
R: 1.3128/1.3161/1.3186
S: 1.3057/1.3000/1.2980

http://www.acetraderfx.com

Auckland peat 06:18 GMT August 11, 2010
comment after FOMC

continuing weakenss in S+P and Eur and com dolls. hope everybody got back on board after my earlier comments.

Syd 05:09 GMT August 11, 2010
NZD/USD Down On "Risk-Off," Fed Concerns -RBC
Reply   
NZD/USD tracking lower during the Asian session as experiencing period of "risk off," says RBC Capital Markets currency strategist Sue Trinh; "Effectively the markets have completely reversed the initial knee-jerk reaction post the FOMC announcement of the QE (quantitative easing) light plan. The risk off has seen equity futures down, stock markets are also in the red and bond yields have also fallen -- in FX markets that's translated to stronger U.S. dollar and yen," Pair last 0.7202 vs 0.7243 early this morning. Adds, FOMC has "left the door wide open for further stimulus if it is needed" so market will be watching U.S. data, particularly Friday's CPI. Says no market-moving NZ data until Friday's retail sales number. Tips initial support at 0.7180 with resistance at 0.7330.

Saar KaL 05:02 GMT August 11, 2010
today
Reply   
Placed these today
EURUSD Sell 1.3239 1.3066
GBPUSD Sell 1.5933 1.5706
USDCHF Hold 1.0619 1.0431
USDJPY Buy 86.21 84.92
GBPJPY Hold 136.94 134.24
NZDUSD Hold 0.7291 0.7165
GBPAUD Hold 1.7494 1.7158
GBPNZD Sell 2.2043 2.1653
SP500 Sell 1,130.38 1,109.95

Syd 04:59 GMT August 11, 2010
China Orders Banks To Take Back Loans To Trust Firms
Reply   
The instruction by the country's banking regulator follows a variety of risk-control exercises at lenders in recent months, such as stress tests on property loans, that have unnerved China's stock market investors who are already skeptical about the outlook for the domestic banking sector following last year's unprecedented lending binge.

The China Banking Regulatory Commission issued the order in an internal directive seen by Dow Jones Newswires on Wednesday, asking banks to stop circumventing regulatory oversight by making loans off their books to trust companies who subsequently repackage the funds as wealth-management products.

The document, which was dated Tuesday and issued to banks and trust companies, came after the CBRC halted cooperation between banks and trust firms in June, as part of an initial crackdown on such irregularities.
"It's bad news for small- and medium-sized companies, which are highly reliant on such products to raise funds, because they aren't qualified to apply for a bank loan on many occasions," said a banking executive at a Shanghai-based state-run bank.
An official at China's banking regulator said the CBRC has sent a notice about cooperation between banks and trust companies and that it will post a statement on the matter on its website in the next few days, but declined to give further information -- DJ

Syd 04:47 GMT August 11, 2010
China Economic Activity Slows; Inflation Picks Up
Reply   
National Bureau of Statistics spokesman Sheng Laiyun welcomed the slowdown in industrial output and fixed-asset investment, saying it is the result of China's macroeconomic policies. A slowdown in economic growth will be good for China's economic restructuring and will help prevent economic overheating, he said at a news briefing.

Other economists said they were concerned about the rapid slowdown in loan growth in July and said it may be necessary for China to loosen its full-year lending target of CNY7.5 trillion, in effect an economy-wide credit quota.

Goldman Sachs economist Yu Song said the slowdown in money supply and credit growth is alarming.

"We believe this level of broad money supply growth is clearly too restrictive as it will put more downward pressure on domestic demand growth in the near future," he said in a note.

GVI Forex Blog 04:39 GMT August 11, 2010 Reply   

Fed Action Drives Treasury Bonds to New High

Syd 03:55 GMT August 11, 2010
China Said to Order Banks to Reclaim Loans From Trust Companies
Reply   
The assets linked to wealth management products provided by trust companies must be shifted onto banks’ balance sheets by the end of 2011, the people said, declining to be identified as the matter isn’t public. Lenders should prepare provisions equal to 150 percent of potential losses, they said.

China’s move may increase pressure for capital-raising at the country’s banks, which Fitch Ratings last month said had more than 2.3 trillion yuan ($339 billion) of off-balance sheet assets. It also underscores concerns about the health of the banking industry after a person with knowledge of the matter said regulators last month ordered lenders to conduct stress tests to gauge the impact of a 60 percent drop in home prices.
Standard & Poor’s said on July 23 banks will need to raise more funds to cope with tighter capital requirements and loan growth. A week earlier, Fitch said first-half Chinese lending was higher than official data suggest as more loans were repackaged into investment products. http://www.bloomberg.com/news/2010-08-10/china-said-to-require-banks-to-provide-for-losses-on-loans-held-in-trusts.html

Syd 03:51 GMT August 11, 2010
Gold Strength Fades As USD Recovers -ScotiaMocatta
Reply   
Gold's initial positive reaction to the Fed's decision to keep its monetary stimulus going has faded as the dollar has recovered ground against majors, says Peter Tse, precious metals director at ScotiaMocatta in Hong Kong. "The selling pressure that we saw on the U.S. dollar in the days before the Fed meeting has really gone and if it manages to rally against the majors we will probably see gold head below $1,200 again," he says. Adds, northern hemisphere summer holidays mean many participants, especially fund managers, are absent so gold lacking momentum even on positive triggers like the Fed's latest dovish move. "It's hard to see gold making ground this month," he says.

GVI Forex Blog 03:36 GMT August 11, 2010 Reply   
The US Equities fell yesterday. The Markets opened lower and recovered about 0.5% of losses after the Fed announced some relief measures.

Morning Briefing : 11-Aug-2010 - 0333 GMT

HK [email protected] 03:12 GMT August 11, 2010
AUD/USD Sell-Stops Below 0.906,0.902 -Dealer

Syd 02:18 GMT August 11, 2010

Must be there an idiot broker disclosing the trade secrets(sell-stops) of his clients

Lahore FM 02:41 GMT August 11, 2010
Trade Ideas

thanx JP,nice idea!

Mtl JP 02:39 GMT August 11, 2010
Trade Ideas



euraud Squeeze play
play breakout for juice

apply own risk parameters

Syd 02:18 GMT August 11, 2010
AUD/USD Sell-Stops Below 0.906,0.902 -Dealer
Reply   
Large AUD/USD sell-stops stand below 0.9060 and 0.9020, says Singapore-based dealer. AUD/USD last 0.9091.

Belgrade TD 02:05 GMT August 11, 2010
China
Reply   
BEIJING, Aug 11 (Reuters) - China's annual industrial output growth in July slowed to 13.4 percent from 13.7 percent in June, the National Bureau of Statistics (NBS) said on Wednesday. China's headline inflation accelerated to 3.3 percent in the year to July from 2.9 percent in the 12 months to June.
Economists polled by Reuters had forecast 13.2 percent growth in industrial output and a 3.3 percent rise in the consumer price index

Lahore FM 01:52 GMT August 11, 2010
Trade Ideas

Jeddah Abb 01:46 GMT August 11, 2010

abb,a little higher at 1.5610 off four hour charts.

Happy Ramadan too!

Shanghai 01:50 GMT August 11, 2010
New strong USD trend or strong volatility?

Yeah,thanks for warning.

Jeddah Abb 01:48 GMT August 11, 2010
Trade Ideas

...and happy ramadan

Jeddah Abb 01:46 GMT August 11, 2010
Trade Ideas

Dear Lahore FM, do you expect a target near 1.556 ?
thanks.

Jeddah Abb 01:45 GMT August 11, 2010
Trade Ideas

Lahore FM 01:16 GMT August 11, 2010
Trade Ideas: Reply
Sell GBPUSD
Entry: 1.5905 Target: Stop: 1.5905

08/10/2010 19:28:17 FM Lahore 4

Sell GBPUSD
Entry: 1.5905 Target: Stop: 1.5905

--
keeping half of the post fomc short 1.5905 with an entry stop for a deeper move lower


Deae Lahor FM, do you expect a target near 1.556 ?
thanks.

HK [email protected] 01:40 GMT August 11, 2010
Gold
Reply   
After the FOMC results last night, I tend to believe that many serious financial institution will begin loading in more gold and silver etc. to protect their assets value.

Gold is in a well guarded mode by big players until they may give way too, especially buyers may not give up this time as we approach September, usually a bullish time for gold.

Syd 01:32 GMT August 11, 2010
Australian 2Q Commercial Property Index Down 20 Points To -10 -NAB
Reply   
Commercial property conditions fell broadly in the second quarter, weighed down by a deteriorating hotels and entertainment sector, according to a survey issued Wednesday by National Australia Bank.

For the second quarter, NAB's commercial property index declined 20 points to a reading of -10, with sentiment declining across all sectors. NAB said commercial property market participants have widened their own forecasts for a sector recovery time frame and lowered return expectations.
"Capital values are now expected to experience flat or negative growth across all commercial sectors over the next six months, before showing signs of improvement over the year," said NAB economists.

Tokyo Rana 01:21 GMT August 11, 2010
jpy
Reply   
Buy EURJPY
Entry: here Target: 114.30/115 Stop: open

bought...happy day,

HK [email protected] 01:19 GMT August 11, 2010
New strong USD trend or strong volatility?

SF WM 01:14 GMT August 11, 2010

Yes, that is what I suspect.

Orchestrated intervention this morning by big players was successful for the time in weakening the Eur,Gbp... but not with the yen.
Fed has decided to go on printing funny money, so these kind of moves are looking suspicious.

Lahore FM 01:16 GMT August 11, 2010
Trade Ideas

Sell GBPUSD
Entry: 1.5905 Target: Stop: 1.5905

08/10/2010 19:28:17 FM Lahore 4

Sell GBPUSD
Entry: 1.5905 Target: Stop: 1.5905

--
keeping half of the post fomc short 1.5905 with an entry stop for a deeper move lower.

Lahore FM 01:14 GMT August 11, 2010
Trade Ideas

Sell GBPUSD
Entry: 1.5839 Target: Stop: later

08/10/2010 18:19:16 FM Lahore 11

Sell GBPUSD
Entry: 1.5839 Target: Stop: later
removed stop for earlier short too.

sold 1.5839
--
closed 1.5794 now for 45+.

SF WM 01:14 GMT August 11, 2010
New strong USD trend or strong volatility?

RF do you mean drive the dollar lower ag everything?

HK [email protected] 01:12 GMT August 11, 2010
New strong USD trend or strong volatility?
Reply   
The Achilles heel of the market is the USD/JPY, means a break below 85.0 may drive the whole market to the other side.

Lahore FM 01:11 GMT August 11, 2010
Trade Ideas

Sell GBPUSD
Entry: 1.5789 Target: Stop: removed


08/10/2010 17:48:37 FM Lahore 20

Sell GBPUSD
Entry: 1.5789 Target: Stop: 1.5880
sold.
--
closed for even.

Hong Kong 01:04 GMT August 11, 2010
Daily Market Outlook by AceTrader-11-8-2010
Reply   
Market Review - 10/08/2010 22:00 GMT

Dollar sinks against yen after Fed's policy announcement

Dollar fell sharply against the Japanese yen on Tuesday, as U.S. Fed announced to boost its economy by reinvesting principal payments on its mortgage holdings into long-term Treasuries.

Although the greenback rose fm 85.63 to 86.25 versus the Japanese yen in Europe on speculation that BOJ would not intervene the market in the coming days together with the dollar's broad-based strength due to the selloff in European stock markets (European equities dropped by 0.63%-1.24%), renewed selling pressured price from there in NY morning and dollar tumbled to an intra-day low of 85.17 after FOMC rate decision before recovering in late NY trading session.

U.S. Fed repeated to keep rates exceptionally low for an extended period in 0% to 0.25% range as expected. It said that it would keep holdings of securities at current level by reinvesting principal payments from agency debt and mortgage-backed securities, and continued to roll over holdings of treasury securities as they matured. It also stated pace of recovery had slowed in recent months and inflation was likely to be subdued for some time.

The Bank of Japan kept interest rates steady at 0.1% as widely expected in a unanimous vote and held off on new policy steps. The BOJ also kept its economic assessment unchanged and said the central bank needed to watch how fiscal problems in some European countries could, through developments in global financial markets, affect the Japanese and global economies.

Earlier, Japanese official said 'Japanese government maintained its view that the economy is steadily picking up but warned that recent gains in the yen has been sudden and are undesirable for growth and Japanese government repeats beating deflation a top priority, to continue working with BOJ.'

In addition, Bank of Japan Governor Masaaki Shirakawa said the central bank's board spent much time debating the recent rise in yen and how it could affect business sentiment. He indicated that BOJ needed to examine the impact on the overall economy in a balanced way. Japanese Finance Minister Yoshihiko Noda said in Asian morning that he wanted to cooperate closely with BOJ on yen gains and deflation as the excessive currency moves were not good for economy and financial markets.

The single currency tumbled from 1.3233 to 1.3135 in Asia on renewed risk aversion together with cross selling in euro versus yen. Later, although euro weakened again from 1.3185 due to renewed selling, as overall money market liquidity in EU fell further after banks borrowed a total of 192.8 billion euros of one-week and one-month funds from the ECB compared with 204.2 billion euros of expiring one-week and one-month loans, and sank to 1.3074 on dollar's broad-based strength on growing expectations that no more aggressive monetary easing measures would be announced, the pair pared most of its early losses and rallied to 1.3228 after FOMC rate decision.

The British pound tumbled in tandem with euro and fell to 1.5773 in Asia, as the falling U.K. RICS and weak BRC retail sales added fears of double dip recession in U.K.. Later, although cable fell again and touched an intra-day low of 1.5710 in NY morning after minor recovery due to U.K. trade data, sterling pared all the intra-day losses and rallied to 1.5910 on dollar's broad-based weakness after FOMC rate announcement before easing in late NY trading session.

U.K. June global goods trade balance came in at -7.401 billion pounds, the smallest deficit since February, versus the economists' forecast of -7.8 billion pounds. U.K. non-EU goods trade balance was -4.262 billion pounds against the expectations of -4.20 billion pounds.

Economic data to be released on Wednesday include: Japan Domestic CGPI, Machine orders, Australia W'pac consumer confi., U.K. N'wide Consumer Confi., Claimant count, ILO unemployment rate, Avg. earnings 3m, BoE's Quarterly Inflation, U.S. Trade balance (usd), Fed budget, Canada Trade balance (cad), Imports, Exports.

http://www.acetraderfx.com

Richland QC Mailman 01:01 GMT August 11, 2010
gbpusd 140 pips

Hi there, pleasant Asian morning. I agree. Now is the time to follow the new trend - bullish USD. Trading will not be as hard this week as in the past week when there is a debate whether USD would extend its losses vs. the majors.

Rexburg Stubbs 00:56 GMT August 11, 2010
gbpusd 140 pips

I'm to say that nobody believed me but USD is still the way for now.

Syd 00:43 GMT August 11, 2010
EUR/USD
Reply   
Sell-stops triggered below 1.3141 says Singapore-based dealer more below 1.3100.

GVI Forex Blog 00:39 GMT August 11, 2010 Reply   
The dollar hovered within sight of a 15-year low versus the yen on Wednesday after the Federal Reserve announced plans to boost a flagging economy by reinvesting money from maturing mortgage bonds in government debt.

FOREX NEWS - Dollar dips vs yen, Fed steps toward more easing

GVI Forex Blog 00:37 GMT August 11, 2010 Reply   
Today is more about symbolism than economic recovery when it comes to sizing up the Fed’s decision to reinvest proceeds from maturing MBS, GSE debt ahead.

Fed Policy Inflexion Point - Balance Sheet is New Orientation (FXA)

Syd 00:29 GMT August 11, 2010
China banks told to account for loans
Reply   
Chinese banks have been ordered to account for around Rmb2,300bn ($340bn) in off-balance sheet loans in a move that could put some lenders under serious stress and require another large round of capital-raising.The China Banking Regulatory Commission, China’s banking regulator, has told lenders they must put all loans sold or transferred to lightly regulated Chinese trust companies back on their books and stop using “informal securitisation” to evade regulatory requirements.Fitch Ratings estimates that in the first half of the year alone banks extended around Rmb1,300bn in loans. Trust companies repackaged these loans and sold them to companies or handed them back to banks for sale to customers.But if off-balance sheet securitised loans are counted, total new lending in China in the first half of the year reached around Rmb5,900bn, or nearly 30 per cent more than the official figure of Rmb4,600bn
http://www.ft.com/world/asiapacific/china

HK [email protected] 00:29 GMT August 11, 2010
USD/YEN
Reply   
Locked in a very narrow range for a time, with no power to break to the upside.
Looks like the downside is preferred, first to ~84.75.

HK [email protected] 00:21 GMT August 11, 2010
Dollareta
Reply   
The US still have to print lot of money for all bankrupt corporations depending on Gov. help, as well to salvage municipalities and states under the water.

Want to earn money? Must devalue!!!

China data or whatever, it is still a USD weakness story.

Syd 00:05 GMT August 11, 2010
Yen
Reply   
Japan Jun Core Machinery Orders +1.6% On Mo; Expected +5.5% Sluggish rebound in core orders - indicator of future capex trends - after May's unexpectedly sharp 9.1% fall could mean no sharp capex recovery near term.

 




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