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Forex Forum Archive for 08/18/2010

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Belgrade TD 23:57 GMT August 18, 2010
small scalp
Reply   
AUD/USD long at 0,8966
EUR/USD long at 1,2815
tight stop for next max 20min

Belgrade TD 23:52 GMT August 18, 2010
sell AUD/USD

08/17/2010 15:29:47 Belgrade TD 1
Entry: 0,9057 Target: - Stop: latter
///
Belgrade TD 14:18 GMT August 18, 2010
1/3 out at ~0,901 ... stop for rest at ~BE
///
1/3 out at 0,8965 ... stop for rest (1/3) at 0,8995

Syd 23:51 GMT August 18, 2010
Aussie Poll May Empower Independents
Reply   
Australia's closely-fought election may well make kingmakers of a group of three little know independent members of House of Representatives drawn from rural regions, with concerns as diverse as a too strong AUD to need for more supermarket sector competition. Crucially, all three -- who have already agreed to act as group in any negotiations -- tell Dow Jones they back government's planned broadband network; two are at least warm to idea of a mining tax. If Australia does get a hung parliament on Aug. 21 -- opinion polls show little gap between ruling Labor party and conservative Liberal-National opposition -- expect prolonged period of horse trading.

GVI Forex Blog 23:35 GMT August 18, 2010 Reply   
TORONTO, Aug 18 (Reuters) - The Canadian dollar rallied against its U.S. counterpart for a second day on Wednesday, supported by BHP Billiton's

Forex Market News - CANADA FX DEBT-Potash bid continues to boost Canadian dollar

GVI Forex Blog 23:34 GMT August 18, 2010 Reply   
The euro slipped against the dollar on Wednesday, surrendering early gains after again failing to hold above a key psychological level.

FOREX NEWS - Euro drops in technical trading; Canadian dollar up

tokyo rana 23:23 GMT August 18, 2010
gbpusd

Sell GBPUSD
Entry: Target: Stop:

no idea where is markeet is heading...shorts also closed 10pips plus no position right now...side line is best...no need to trade...better keep money in pocket...happy trade to all,

Syd 22:55 GMT August 18, 2010
Aud & Equities
Reply   
identifying trades Aud & EquitiesLink

Syd 22:31 GMT August 18, 2010
Elliot Wave's Prechter Interview About Dollar, Stocks
Reply   
Elliot Wave's Prechter Interview About Dollar, Stocks (Bloomberg) -- Robert Prechter, founder and chief executive officer of Elliot Wave International, talks with Bloomberg's Pimm Fox about the outlook for the U.S. stock market and dollar. He speaks with Pimm Fox on Bloomberg Television's "Taking Stock." http://www.bloomberg.com/video/62152902/

GVI Forex Blog 22:18 GMT August 18, 2010 Reply   
Wider range of Fed views EUR backtracks MPC 8-1 vote for steady policy BoJ and Cabinet to coordinate policy?

Forex Market Commentary and Analysis (18 August 2010)

Gen dk 22:13 GMT August 18, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Syd 21:53 GMT August 18, 2010
Four banks face big losses on repurchases-Fitch
Reply   
Aug 18 (Reuters) - The four largest U.S. banks could face as much as $42 billion in losses as they repurchase faulty mortgages from housing finance giants Fannie Mae and Freddie Mac, Fitch Ratings said on Wednesday.Spokesmen for the banks declined to comment on the Fitch report, or had no immediate comment.Four banks face big losses on repurchases-Fitch Large U.S. Bank Ratings Vulnerable to GSE Mortgage Loan Repurchases

tokyo rana 21:43 GMT August 18, 2010
gbpusd

Sell GBPUSD
Entry: 1.5605 Target: 1.5450 Stop: 1.58

i missed 85pips on long but its ok bbad luck....happy trade,

tokyo rana 21:32 GMT August 18, 2010
gbpusd

YVR MAXXIM 21:24 GMT August 18, 2010
dear friend,no need to wait look swap points so high today it means drop is coming...who knows 1st move down maybe up....i minus today usdjpy 10pips...yesterday eurusd 25pips eurjpy 25pips audjpy 40pips today all down..happy trade,

Syd 21:27 GMT August 18, 2010
Western profits wilt on China's surging wages
Reply   
Rising wage and production costs in China are eating into the profits of Western companies and may soonset off an exodus of multinational companies to cheaper locations.Meanwhile, China Daily reports that 70pc of all flats in Hainan, 66pc in Beijing, and 51pc in Shanghai are empty, based on a survey of electricity use. They are presumably owned by investors and speculators. Given that the "cohort" of young people aged 20 to 30 currently joining the workforce is now contracting as China's demographic crunch starts to bite, this property glut looks all too like the bubble peaks in Taiwan, Hong Kong, and Singapore in the 1990s.
Western profits wilt on China's surging wages
Spanish Firms Brace for Economic Downturn by Tripling Forward-Start Loans
The deals this month pushed the nation’s total of so- called forward-start loans to $8.8 billion this year, almost triple the $3 billion raised in 2009, according to data compiled by Bloomberg. The companies are getting the loans to lock in funds before existing lines expire. Spanish Firms Brace for Economic Downturn by Tripling Forward-Start Loans

Druckenmiller Calls It Quits After 30 Years as Job Gets Tougher
He’s concerned that with interest rates near zero, neither the government nor consumers will pay down their debts.
“We are setting ourselves up for a much worse problem if we don’t deleverage,” he said. LINK

Middle Eastern sovereigns were selling EUR/USD overnight

Technical Outlook
Riccardo Ronco, technical analyst at Aviate Global, joined CNBC for a technical look at the markets.Technical Outlook

Charting the Gold Price
“There’s been a decline over the past two weeks and a lot of people thought well gold’s lost its shine,” Sandy Jadeja, chief technical analyst at City Index told CNBC about the factors behind the recent fluctuating gold prices.Charting the Gold Price

YVR MAXXIM 21:24 GMT August 18, 2010
gbpusd

tokyo rana 21:18 GMT August 18, 2010

What's the rush sugar you might get hit with a bottle over your head rana.

have a happy day!

tokyo rana 21:18 GMT August 18, 2010
gbpusd
Reply   
Sell GBPUSD
Entry: here Target: open Stop: open

closed all longs usdjpy gbpjpy gbpusd....now short....happy trade,

YVR CAT LITTER BOX LOL 21:10 GMT August 18, 2010
GBP/USD



Sell GBPUSD
Entry: see 1.5650--1.5700 Target: before 1.5500 Stop: NO

INVHOPINON Prognosis aug. 19th another dip below 1.5600!

GVI Forex john 20:59 GMT August 18, 2010
GVI Forex Trading Support

We are still watching the EURUSD pivot point (1.2869), based on Wednesday's range. Above or below sets the tone of the market.

The USDJPY pivot is 85.44, but we fell the 85.00 level is a lot more important.

tokyo rana 20:56 GMT August 18, 2010
jpy

remember guys last friday night iwas short usd against eur and jpy..short usdjpy 86.255 eurusd long 1.27575..still these levels not tested yet....everyone was telling me this is very risky trade on weekend...idonot know how many good calls i can make hahaha...trade ur charts...happy trade,

GVI Forex john 20:42 GMT August 18, 2010
GVI Forex Trading Support

LATEST PIVOT POINTS
Entry: Target: Stop:

Pivots	EUR/USD	USD/JPY	USD/CHF	GBP/USD	USD/CAD
Res 3	1.3013	86.17	1.0516	1.5880	1.0392
Res 2	1.2968	85.93	1.0484	1.5784	1.0366
Res 1	1.2914	85.68	1.0449	1.5692	1.0323
					
Pivot	1.2869	85.44	1.0417	1.5596	1.0297
					
Sup 1	1.2815	85.19	1.0382	1.5504	1.0254
Sup 2	1.2770	84.95	1.0350	1.5408	1.0228
Sup 3	1.2716	84.70	1.0315	1.5316	1.0185


Pivots	EUR/GBP	EUR/JPY	EUR/CHF	AUD/USD
Res 3	0.8336	111.08	1.3533	0.9128
Res 2	0.8309	110.73	1.3491	0.9093
Res 1	0.8276	110.31	1.3443	0.9043

Pivot	0.8249	109.96	1.3401	0.9008				

Sup 1	0.8216	109.54	1.3353	0.8958
Sup 2	0.8189	109.19	1.3311	0.8923
Sup 3	0.8156	108.77	1.3263	0.8873

GVI Forex john 20:40 GMT August 18, 2010
GVI Forex Trading Support

GVI CHART POINTS
Entry: Target: Stop:



GVI Forex Blog 20:36 GMT August 18, 2010 Reply   
20:00 GMT (Global-View.com) Aug 18, 2010 As expected, Wednesday was a lackluster day for forex trading in the absence of major news. The two key EUR spots (EURUSD and EURJPY) generally tracked equity futures over the day. We are starting to wonder if short-term EUR demand is running out of steam.

Daily GVI Forex Forex View- Following Price Action

GVI Forex Blog 19:55 GMT August 18, 2010 Reply   
USD/CHF (a 4-hour chart of which is shown) as of Wednesday (8/18/2010) has formed an inverted flag pattern within the context of a parallel downtrend channel extending back to early July.

USD/CHF Inverted Flag within Downtrend Channel

GVI Forex john 19:21 GMT August 18, 2010
GVI Forex Trading Support


The Daily Forex View

Following Price Action

20:00 GMT (Global-View.com) Aug 18, 2010  As expected, Wednesday was a lackluster day for forex trading in the absence of major news. The two key EUR 

MORE



tokyo rana 19:07 GMT August 18, 2010
euryen

Montréal Taro 19:02 GMT August 18, 2010
dear friend,you did not asked me but i tell you about eurusd and eurjpy mostly likely test most recent low....bfore fire up markeet may takes stops...happy trade,

Montréal Taro 19:02 GMT August 18, 2010
euryen
Reply   
Zeus, FM, Wfak
What do you see for euryen for the coming asian session ?

tokyo rana 18:47 GMT August 18, 2010
jpy
Reply   
Buy USDJPY
Entry: Target: Stop:

still holding longs usdjpy avg 85.52 target 86.36 stop 84.95 gbpusd 1.55777 target open stop 1.54/1.55 gbpjpy 133.777 target 138/142 stop 129.777...if today usa stocks close positively than tomorrow tokyo session will be intresting...still bias bullish but it can changed...happy trade,

GVI Forex Blog 18:09 GMT August 18, 2010 Reply   

Dollar Mixed; Trader Turn to Stocks for Direction

Lahore FM 18:08 GMT August 18, 2010
Trade Ideas

cheers Rana..good trades to you!

tokyo rana 17:54 GMT August 18, 2010
Trade Ideas

Dear FM,good calls idonot know about eurusd 1.36 or 1.35..but ithink gbp eur aud will rally against usd and it will make high maybe untill nov or next month more rally...well im starting to target gbpusd 1.70 and eurusd 1.35/1.38/1.46...happy trade,

tokyo rana 17:47 GMT August 18, 2010
GBP/USD

Dear Zeus,again great calls today...happy trade,

Key West ZEUS 17:36 GMT August 18, 2010
Gold : Weekly Cycle Analysis

Gold and SILVER look particularly interesting right now.
No surprises if they blastoff into new heights.

Hong Kong Qindex 17:32 GMT August 18, 2010
Gold : Weekly Cycle Analysis
Reply   
Gold
Entry: Target: Stop:

Gold : Weekly Cycle Analysis


The normal trading range is 1189.3 - 1233.2. Resistant range is 1230. // 1233.2 and the supporting range is 1202.1 // 1204.1. Weekly cycle analysis on Gold priced in EUR/USD, GBP/USD, AUD/USD and USD/JPY are freely available at the front page of my website.


qindex.com

eu pat 17:25 GMT August 18, 2010
eur/usd

ok "flaky"...you are welcome.

Lahore FM 17:11 GMT August 18, 2010
Trade Ideas

Shaun fortunes of both eurgbp and eurchf change with a rise in eurusd leading rest of the pack.

sao 17:10 GMT August 18, 2010
eurusd/gbpusd

saettele "dow up 100 points from the lows but currencies stays quiet"......just to think about it.....

Key West ZEUS 17:09 GMT August 18, 2010
eur/usd

eu pat 16:52 GMT August 18, 2010

Head & shoulders? Looks a little "flaky" hihihi j/k
Thx for sharing the chart

Cheers!

eu pat 16:52 GMT August 18, 2010
eur/usd
Reply   


hi all. what do you think about this picture? ...head and shoulders. neckline around 12900, potential 180 pips

London Shaun 16:43 GMT August 18, 2010
Trade Ideas

I sense that a lot of real money is glad to get out of long €$ positions after last week's px action @ 1.2850 -1.30. I've no axe to grind but a lot of discussion creeping back in about the € looking to go back up to 1.35. Last week's wipe out in a week of 3 week's gains (€$) seems a strong statement to me. And that was just on the back of whiff of trouble in Ireland! I'd value anyone's views on shorting EurGBP and Eur CHF. Thanks in advance and gl/gt

RIYADH RUH-DMM-RUH 16:25 GMT August 18, 2010
eurusd/gbpusd
Reply   
Sell
Entry: The best area for Sell this week Target: Stop:

Eurodollar
12983
12911
-
12630
12562

GBPdollars
15742
15726
-
15457
15443

Lahore FM 15:59 GMT August 18, 2010
Trade Ideas

Taro,yes gbpusd to follow to.but possibly some support from a recovering eurgbp cross to favour euro over gbp

Richland QC Mailman 15:59 GMT August 18, 2010
Trade Ideas

Thanks FM. Just tried this one for the first time since i started trading. Shorted 1227.42 stop at 1.1230, target, open.

Key West ZEUS 15:58 GMT August 18, 2010
GBP/USD

Deary me. More gains taken at 1.5619

Happy Day!

Key West ZEUS 15:54 GMT August 18, 2010
Silver
Reply   
Well yes it is about time for silver to make a very big move.
It is on the horizon.

Happy Day!

Key West ZEUS 15:49 GMT August 18, 2010
GBP/USD

Bring the hammer!

Montréal Taro 15:41 GMT August 18, 2010
Trade Ideas

Good day FM
I see that you plan on buying euro later, do you think pound will follow it ?

TIA

GVI Forex Blog 15:38 GMT August 18, 2010 Reply   
EUR/JPY (a 4-hour chart of which is shown) as of Wednesday (8/18/2010) has formed a descending triangle consolidation just above 109.00

EUR/JPY Forms Descending Triangle

Lahore FM 15:27 GMT August 18, 2010
Trade Ideas

Mailman dear,gold looks like a buy not a sell.new highs for the move is what its aiming for i think.

GVI Forex Blog 15:21 GMT August 18, 2010 Reply   
The dollar was off its worst levels against the European pairs in US trading as softer equity markets provided some risk aversion and Gov't bond yields continue to move lower on safe-haven flows.

Forex Blog - US Market Update (Trade the News)

Richland QC Mailman 15:19 GMT August 18, 2010
Trade Ideas

Hi FM. I do not trade gold my friend. But if you look at the chart, it is rallying, accelerating towards 1226 already. Any thoughts about it? 1226 seems selling area... thanks.

GVI Forex Blog 15:18 GMT August 18, 2010 Reply   

Stocks Called Flat; Counter-trend Rally May be Over

GVI Forex Blog 15:18 GMT August 18, 2010 Reply   

Bank of England Expects Inflation to Fall Below 2% Target

Lahore FM 15:17 GMT August 18, 2010
Trade Ideas

Buy EURUSD
Entry: Target: Stop:

I intend to start selling usd in earnest and increase short usd exposure if day close is above 1.2890 tonight.

usd selling season will start in earnest and 1.3620 is first target for eurusd longs.

nyc ws 15:10 GMT August 18, 2010
aglos

It is a correlation day

Richland QC Mailman 15:09 GMT August 18, 2010
GBP/USD

ok folks. got out for some +20 pip raiding. No need to get stressed as loads of blessings have come into the pot.

Richland QC Mailman 14:54 GMT August 18, 2010
GBP/USD

Joined you here for some scalps 1.5576.

singapore td 14:53 GMT August 18, 2010
buy usd
Reply   
time to buy some usd! usdchf is holding ground above 1.04 and looks firm
apart from short audusd, short gbpusd is another good play!

Mtl JP 14:50 GMT August 18, 2010
Today I am doing this

I am sure ... good luck => does not square

GVI Forex Blog 14:50 GMT August 18, 2010 Reply   
Aug 18 (global-view.com) UPCOMING DATA HIGHLIGHTS: The Far East will see no major releases on Thursday. In Europe, Swiss Trade figures and U.K. retail sales data are due.

GVI Forex- Data Outlook for Aug 19, 2010

Key West ZEUS 14:50 GMT August 18, 2010
GBP/USD

Added 1.5577

GVI Forex john 14:48 GMT August 18, 2010
GVI Forex Trading Support

CALENDAR ITEM PREVIEW
Entry: Target: Stop:

 

Aug 18 (global-view.com) UPCOMING DATA HIGHLIGHTS: The Far East will see no major releases on Thursday. In Europe, Swiss Trade figures and U.K. retail sales data are due. In North America, the Philly Fed survey, Leading Economic Indicators and weekly natural gas statistics are due.

 

 

THURSDAY

 

 

6:15

CH

Trade CHF bn Jul

n/a

1.77

8:30

UK

Ret Sls mm Jul

0.40%

0.70%

8:30

UK

Ret Sls yy Jul

0.60%

1.30%

9:00

CH

ZEW Inv Sent Aug

n/a

2.2

12:30

CA

Lead Ind -- Jul

0.60%

1.00%

14:00

US

Philly Fed Aug

7

5.1

14:00

US

Lead Ind Jul

0.20%

-0.20%

14:30

US

Nat Gas bcf

34

37


Saar KaL 14:46 GMT August 18, 2010
Today I am doing this

good profits here
NZDUSD should start getting back to trend track
a sell Longer term
I am sure will get the sell next day
good luck guys

Key West ZEUS 14:40 GMT August 18, 2010
GBP/USD

Richland QC Mailman 14:39 GMT August 18, 2010

Thanks a lot Mailman. It's the luck of the draw I guess.

Cheers mate!

Richland QC Mailman 14:39 GMT August 18, 2010
GBP/USD

just came back from a refreshing shower and look what we got here. The GBP/USD certified buy earlier has suddenly changed its course again. Could be operating within the 1.5500 - 1.5700 range only. So let us just play the range and the fibo's with it.

Zeus, I just noticed everytime you make a call, some forex gods out there are listening and giving way just like when you sold at 1.5680/70. Great calls anew!

Key West ZEUS 14:37 GMT August 18, 2010
GBP/USD

Swing allocation added at 1.5597

sao 14:33 GMT August 18, 2010
add eurusd gbpusd shorts
Reply   
i have already sold at eurusd 1.315 and gbpusd at 1.58 but i am adding at these levels for medium term. My feeling is that market feels and wants to see eur and gbp around 1.24 and 1.51-

Keeping ( but not adding) my usdjpy long at 84.91 where my partner is Mr. BOJ- I am trusting him but hope he can resist.

gtgl

PAR 14:31 GMT August 18, 2010
Euro - Debt Worries
Reply   
FOREX-Euro undermined by debt worries, yen gains

LONDON, Aug 18 (Reuters) - The euro struggled near key technical support levels on Wednesday as debt worries weighed, while the Canadian dollar was supported by a huge takeover bid by global miner BHP Billiton for Canada's Potash Corp.

The yen pushed higher, with market players citing yen buying by Japanese investors and exporters in yen crosses and the dollar.

"Sovereign debt jitters refuse to die down," said Nick Mellor, currency strategist, at Bank of New York Mellon. "Spreads for Greek, Italian and Portuguese debt remain elevated, despite the good responses to Irish and Spanish debt auctions this week. So we should see that impacting the euro."

Key West ZEUS 14:29 GMT August 18, 2010
GBP/USD

Life's a beach.

Happy Day!

Belgrade TD 14:18 GMT August 18, 2010
sell AUD/USD

08/17/2010 15:29:47 Belgrade TD 1
Entry: 0,9057 Target: - Stop: latter
///
1/3 out at ~0,901 ... stop for rest at ~BE

Belgrade TD 14:15 GMT August 18, 2010
Crude oil

08/16/2010 00:26:23 Belgrade TD 1
Entry: 75.34 Target: ++ Stop: latter
target 79 + ... stop below 72 ... meantime will buy at every $1 decline (IF) ...
///
08/17/2010 15:42:32 TD Belgrade 2
close 1/4 with ++ ... reduce risk ...
///
new long order triggered at ~74,4

Key West ZEUS 14:09 GMT August 18, 2010
GBP/USD

nyc fh2 14:06 GMT August 18, 2010

Thanks fh2. Looks like itis getting set for a nice rip.

Cheers! :-)

nyc fh2 14:06 GMT August 18, 2010
GBP/USD

Some impressive results Zeus. Happy Trades.

Key West ZEUS 14:00 GMT August 18, 2010
GBP/USD

Ok- Scalpers to take gains at their leisure.

Happy Day!

Key West ZEUS 13:56 GMT August 18, 2010
GBP/USD

Swing trade allocation long @ 1.5609

singapore td 13:56 GMT August 18, 2010
sell audusd
Reply   
short audusd is looking good! good job FM and Mailman!

Key West ZEUS 13:52 GMT August 18, 2010
GBP/USD

Second and final scalp allocation @ 1.5613

nyc ws 13:50 GMT August 18, 2010
aglos
Reply   
NY is open and algos are turned back on and forex is following stocks.

Key West ZEUS 13:47 GMT August 18, 2010
GBP/USD

Scalp lolng 1.5615

Key West ZEUS 13:43 GMT August 18, 2010
GBP/USD

Ok- all out for lucky gains at 1.5624

Happy Day!

Key West ZEUS 13:33 GMT August 18, 2010
GBP/USD

Ok Covered for some lucky gains at 1.5643.

Happy Day!

PAR 13:29 GMT August 18, 2010
Yes We Can
Reply   
AP Poll: Obama at new low for handling economy

By LIZ SIDOTI, AP National Political Writer Liz Sidoti, Ap National Political Writer – Wed Aug 18, 6:24 am ET
WASHINGTON – President Barack Obama earned his lowest marks ever on his handling of the economy in a new Associated Press-GfK poll, which also found that an overwhelming majority of Americans now describe the nation's financial outlook as poor.

A frustrated electorate could take it out on the party in power — Obama's Democrats — in the November elections.

Eleven weeks before the Nov. 2 balloting, just 41 percent of those surveyed approve of the president's performance on the economy, down from 44 percent in April, while 56 percent disapprove. And 61 percent say the economy has gotten worse or stayed the same on Obama's watch.

Still, three-quarters also say it's unrealistic to expect noticeable economic improvements in the first 18 months of the president's term. And Obama's overall approval rating was unaffected; it remained at 49 percent, in part because most Americans still like him personally.

Americans' dim view of the economy grew even more pessimistic this summer as the nation's unemployment rate stubbornly hovered near 10 percent. That's been a drag on both Obama and Democrats, who control Congress.

GVI Forex Jay 13:13 GMT August 18, 2010
FX Chart Points
Reply   


I posted this on GVI Forex and note on the 5 minute chart how the pivot point held (low 1.2869) and subsequent rally took it to 1.2921.

GVI Forex Jay 11:21 GMT August 18, 2010
Tech Talk: Reply
EUR/USD retreating back towards its daily pivot (1.2867) after failing to hold 1.2880-82. Gets some support while above 1.2867...

Check out our Daily Pivot Points and more on:

FX Chart Points

Saar KaL 12:58 GMT August 18, 2010
Today I am doing this

a week from today
Mean Highs and Lows


EURUSD 1.2625 1.2489
GBPUSD 1.5134 1.4965

USDCHF 1.0854 1.0738

Richland QC Mailman 12:50 GMT August 18, 2010
GBP/USD

1.5680 looking stubborn. Closed remaining possies 1.5673. Flat for now.

Saar KaL 12:45 GMT August 18, 2010
Today I am doing this
Reply   
added one more lot each
for trends
and placing orders

EURUSD Sell 1.2947 1.2772
GBPUSD Sell 1.5723 1.5492
USDCHF Buy 1.0490 1.0336
USDJPY Buy 86.02 84.72
AUDUSD Sell 0.9109 0.8945
NZDUSD Hold 0.7171 0.7037
USDCAD Buy 1.0435 1.0257
GBPCAD Sell 1.6341 1.5979
EURJPY Buy 110.92 108.72
GBPJPY Buy 135.06 131.81
GBPAUD Buy 1.7481 1.7105
GBPNZD Sell 2.2207 2.1734
GBPCHF Hold 1.6379 1.6171

Estimated Error of all highs and lows is about 1.5% as Max

Gen dk 12:43 GMT August 18, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Dubai ANZ 12:34 GMT August 18, 2010
buy
Reply   
Buy AUDUSD
Entry: 0.9046 Target: 0.9066&86 Stop: 0.9016

break resistance

Gen dk 12:30 GMT August 18, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

GVI Forex Blog 12:28 GMT August 18, 2010 Reply   
Dollar-Swiss continues to honour the 1.03-06 range, in line with expectation.

FX Thoughts for the day : 18-Aug-2010 - 1227 GMT

Key West ZEUS 12:25 GMT August 18, 2010
GBP/USD

Added 1.5681

Richland QC Mailman 12:25 GMT August 18, 2010
GBP/USD

hAppy taking multiple longs at 1.5648, 50 and 40. 1/3 remains opened the rest closed.

Key West ZEUS 12:24 GMT August 18, 2010
GBP/USD

Ok- Short GBP/USD @ 1.5672

Gen dk 12:17 GMT August 18, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Gen dk 12:05 GMT August 18, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Amman wfakhoury 12:01 GMT August 18, 2010
gbpusd movement
Reply   
NYC SJH 11:43 GMT August 18, 2010
-----
Thks alot

GVI Forex john 12:00 GMT August 18, 2010
GVI Forex Trading Support

We are watching the pivot points in EURUSD and USDJPY to set tone of the markets on a day with mo major data slated. 1.2867 is the pivot in EURUSD and 85.43 is the point in USDJPY. These numbers cannot not be exact because others will be using different source data but they should be generally representative.

Our calculations are based on the data in the GVI FX Database

NYC SJH 11:43 GMT August 18, 2010
gbpusd movemement

gbpusd will decline 15530-20 then rise till 15630.
be ready to buy , or buy limit around 15520-30 tp 15630
sl 15490.
------------------------------------------------------

Great call WFakhoury.

tokyo rana 11:24 GMT August 18, 2010
usdjpy
Reply   
Buy USDJPY
Entry: 85.52avg Target: open Stop: 85

this pair is very bad still not willing to move...iwant close as early as possible...happy day,

Richland QC Mailman 11:13 GMT August 18, 2010
GBP/USD: Reply

Closed all shorts 1.5664 and 1.5642 respectively. Square for now.

GVI Forex Blog 11:11 GMT August 18, 2010 Reply   
The dollar came under fresh pressure against the yen, easing towards recent 15-year lows on growing speculation that Japanese authorities are unlikely to intervene to counter their currency's recent strong run.

FOREX NEWS - Dollar under pressure vs yen, pound rebounds

tokyo rana 10:47 GMT August 18, 2010
gbpusd

canceled all short orders stay long...

GVI Forex Blog 10:34 GMT August 18, 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 - 18/08/2010

GVI Forex john 10:24 GMT August 18, 2010
GVI Forex Trading Support

LATEST PIVOT POINTS
Entry: Target: Stop:

Pivots	EUR/USD	USD/JPY	USD/CHF	GBP/USD	USD/CAD
Res 3	1.3038	86.31	1.0547	1.5807	1.0539
Res 2	1.2977	86.00	1.0497	1.5752	1.0488
Res 1	1.2928	85.74	1.0463	1.5664	1.0410

Pivot	1.2867	85.43	1.0413	1.5609	1.0359

Sup 1	1.2818	85.17	1.0379	1.5521	1.0281
Sup 2	1.2757	84.86	1.0329	1.5466	1.0230
Sup 3	1.2708	84.60	1.0295	1.5378	1.0152


Pivots	EUR/GBP	EUR/JPY	EUR/CHF	AUD/USD
Res 3	0.8406	112.12	1.3660	0.9246
Res 2	0.8345	111.32	1.3560	0.9164
Res 1	0.8306	110.71	1.3501	0.9111
			
Pivot	0.8245	109.91	1.3401	0.9029

Sup 1	0.8206	109.30	1.3342	0.8976
Sup 2	0.8145	108.50	1.3242	0.8894
Sup 3	0.8106	107.89	1.3183	0.8841

GVI Forex john 10:23 GMT August 18, 2010
GVI Forex Trading Support



GVI Forex Blog 10:03 GMT August 18, 2010 Reply   
The USD was weaker against the major pairs with continued chatter circulating that China was selling USD and purchasing emerging markets currencies despite assurances that the greenback would remain the core of China's investment strategy.

European Market Update: BHP confirms it goes hostile for Potash; BOE minutes did NOT show a three-way split as initially feared (Trade the News)

tokyo rana 09:59 GMT August 18, 2010
gbpusd
Reply   
Sell GBPUSD
Entry: 1.5698 Target: 1.5600 Stop: open

iwill close longs 1.57 than iwill enter very small short and target 1.56 than enter long again...happy trade,

GVI Forex Blog 09:43 GMT August 18, 2010 Reply   
10:00 GMT (Global-View.com) Aug 18, 2010 The USD is trading modestly lower against the four majors heading into N.Y. trade today. Otherwise, the EUR is trading down mostly on its spot crosses (except vs the USD and AUD).

Daily GVI Forex Forex View- Late Summer Trade

Richland QC Mailman 09:43 GMT August 18, 2010
GBP/USD: Reply

shorted @ 1.5642. Let us see. More missles at 1.5660.

tokyo rana 09:42 GMT August 18, 2010
GBP/USD: Reply

Buy GBPUSD
Entry: 1.55777 Target: 1.62/1.65 Stop: 1.5490

Richland QC Mailman 09:23 GMT August 18, 2010
dear friend,my advice donot short buy dips...ithink gbpjpy will get around 138/142 where is main res from there 119...untill end of month gbp eur go up...sep down...gbpusd eurusd will go up dow nikkei again up did not break down....yes i can be wrong...happy trade,

brisbane rr 09:41 GMT August 18, 2010
GBP/USD: Reply
Reply   
Richland QC Mailman 09:23 GMT August 18, 2010
GBP/USD: Reply
forgot to mention cable has traded below 1.57 since last week ie after King made some negative comments re uk economy ... so 1.57 is going to be critical resistance point !

GVI Forex Blog 09:41 GMT August 18, 2010 Reply   
10:00 GMT (Global-View.com) Aug 18, 2010 The USD is trading modestly lower against the four majors heading into N.Y. trade today. Otherwise, the EUR is trading down mostly on its spot crosses (except vs the USD and AUD).

Daily GVI Forex Forex View-

GVI Forex john 09:36 GMT August 18, 2010
GVI Forex Trading Support


The Daily Forex View

Late Summer Trade

10:00 GMT (Global-View.com) Aug 18, 2010  The USD is trading modestly lower against the four majors heading into N.Y. trade today. Otherwise, the EUR is 

MORE



Gen dk 09:34 GMT August 18, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

brisbane rr 09:32 GMT August 18, 2010
GBP/USD: Reply : Reply
Reply   
Richland QC Mailman 09:23 GMT August 18, 2010
GBP/USD: Reply : Reply
You could be right as 1.55 is the 200day ma.

Richland QC Mailman 09:23 GMT August 18, 2010
GBP/USD: Reply

Hi rr. Thanks for the comments. In this case, we could be seeing the correction has ended somewhat at 1.5500 and on its way to 1.5700, though there can be shorting opportunities ahead of 1.5650.

tallinn viies 09:23 GMT August 18, 2010
eurusd
Reply   
talks - real money buy order for 600 mio euro been bought in the market taking eurusd from 1,2840 to 1,2865

Tybee Island ZEUS 09:15 GMT August 18, 2010
GBP/USD

All out @ 1.5637

Off to Key West.

Happy Day!

brisbane rr 09:13 GMT August 18, 2010
GBP/USD: Reply
Reply   
Richland QC Mailman 09:04 GMT August 18, 2010
GBP/USD: Reply
Just a short comment cable is responding to the more positive BOE minutes.... cable was sold ahead of the release encoraged by last week bearish comments from BOE Governor King .... but as it has turned out minutes not too negative indicating policy could go either way! cable bounced could extend further as market is caught a bit short in my opinion.

tokyo rana 09:09 GMT August 18, 2010
GBP/USD

Richland QC Mailman 09:04 GMT August 18, 2010
dear friend,look back on chart march april gbpjpy and eurjpy daily charts im expecting same pattern....ihope this will help...happy trade,

Lahore FM 09:05 GMT August 18, 2010
Trade Ideas

cheers Rana!

Richland QC Mailman 09:04 GMT August 18, 2010
GBP/USD

Suddenly this pair has become a "BUY". Market has always a way to shock and say, "No one is above ME".

tokyo rana 09:03 GMT August 18, 2010
Trade Ideas

Lahore FM 09:00 GMT August 18, 2010
i agree with your taarget it will make new high today looks to me also...gbpusd 1.62/1.65...lets see wat will be happen...happy trade,

Lahore FM 09:00 GMT August 18, 2010
Trade Ideas

Buy EURUSD
Entry: Target: 1.3620* Stop:

correction*

Lahore FM 08:59 GMT August 18, 2010
Trade Ideas

Buy USDCAD
Entry: 1.0318 Target: Stop: sl raised to 1.0305

raised sl.

Lahore FM 08:54 GMT August 18, 2010
Trade Ideas

Buy EURUSD
Entry: 1.2872 Target: 1.2620 Stop: 1.2810

bought.

YVR MAXXIM 08:50 GMT August 18, 2010
GBP/USD

Happy Day! dag ga hier&nu goodnight.

tokyo rana 08:49 GMT August 18, 2010
gbp

well iwas 1st who bought gbpusd last night.this bounce iwas expecting...idonot know how many good calls ican make...happy trade,

tallinn viies 08:48 GMT August 18, 2010
eurusd
Reply   
FRANKFURT, Aug 18 (Reuters) - Overnight borrowing from the
European Central Bank rose to a three-month high on Wednesday in
a second day running of elevated lending in a market watched
closely for signs of renewed banking stress.
Money market traders said with banks due to receive 155.2
billion euros in new weekly funds from the ECB on Wednesday, the
increase probably meant someone had just miscalculated liquidity
needs.
But if borrowing remained high for a third day, this could
signal a bank was in trouble rather than a technical problem.
"Today the new weekly allotment goes in and that should sort
it out," one trader at a euro zone bank said.
"We don't think it's anything too alarming, it could be due
to a lack of collateral in the weekly operation," another trader
said.
Tullett Prebon G7 economist Lena Komileva said the borrowing
spike reinforced the argument for the ECB to extend its policy
of offering banks unlimited funds at its September meeting.
"There are still a large group of institutions which have
struggled to pass the stress tests of open markets and are
struggling to meet their structural liquidity needs," she said.
The ECB reported the following daily data on liquidity
provision, in millions of euros. Click for full details.
TODAY PREV DAY
Use of overnight loan facility 1,861 1,482
Use of overnight deposit facility 64,015 68,670
Covered bond purchase programme 61,119 61,119

In June the ECB said it had completed its year-long covered
bond buying programme. [ID:nLDE65T1JZ] The total amount
purchased occasionally fluctuates due to valuation issues.

Dubai ANZ 08:45 GMT August 18, 2010
buy
Reply   
Buy EURUSD
Entry: 1.2886 Target: 1.2906&26 Stop: 1.2856

eurusd uptrend strong

Richland QC Mailman 08:43 GMT August 18, 2010
GBP/USD-Breaking the Daily diagonal TL support

Covered the shorts established at 1.5600 @ 1.5548. Have underestimated the power of this reversal. BOE minutes engineering this move.

YVR MAXXIM 08:42 GMT August 18, 2010
GBP/USD

Buy GBPUSD
Entry: 1.5500-1.5550 Target: Stop:

imvo Prognosis aug. 18th another flip above 1.5600!

Tybee Island ZEUS 08:41 GMT August 18, 2010
GBP/USD

1.5615 taken for some lucky gains.

Happy Day!

Dubai SAS 08:33 GMT August 18, 2010
sell

Dubai SAS 08:16 GMT August 18, 2010
Buy GBPUSD : Reply
Dxb SAS 06:06 GMT August 18, 2010
Buy GBPUSD : Reply
Buy GBPUSD
Entry: 1.5505 Target: open Stop: 1.5460

Long now ....

Half out @ 1.5562 for +57

Out of the other @ 1.5602 for + 97 ... GL

Amman wfakhoury 08:27 GMT August 18, 2010
gbpusd movemement
Reply   
gbpusd will decline 15530-20 then rise till 15630.
be ready to buy , or buy limit around 15520-30 tp 15630
sl 15490.

YVR MAXXIM 08:24 GMT August 18, 2010
GBP/USD

Buy GBPUSD
Entry: Target: ce bitte Stop: pleases jew

is 1.5500 giving up? Is it a highmath er of the zeitgeist!

08/17/10,
19:48:40 GBP/USD 1 B 08/17/10,
18:17:21 1.5545 [email protected] special spRead!
08/18/10,
01:13:45 GBP/USD 3 B 08/17/10,
22:50:08 1.5525 1.5559
08/18/10,
01:13:46 GBP/USD 3 B 08/17/10,
23:04:09 1.5505 1.5559
Totals for the perijoden 276 pipo$

Amman wfakhoury 08:21 GMT August 18, 2010
gbpusd be ready to tp 100 pips
Reply   
be ready after BOE minuts

Dubai ANZ 08:20 GMT August 18, 2010
sell
Reply   
Sell AUDUSD
Entry: 0.9006 Target: 0.8986&66 Stop: 0.9036

down trend

Dubai SAS 08:16 GMT August 18, 2010
Buy GBPUSD

Dxb SAS 06:06 GMT August 18, 2010
Buy GBPUSD : Reply
Buy GBPUSD
Entry: 1.5505 Target: open Stop: 1.5460

Long now ....

Half out @ 1.5562 for +57

Dubai ANZ 08:11 GMT August 18, 2010
buy
Reply   
Buy USDJPY
Entry: 85.65 Target: 85.85$86.05 Stop: 85.35

usdjpy above 85.65 go to uptrend

Dubai SAS 08:08 GMT August 18, 2010
Sell AUDUSD

Dubai SAS 15:26 GMT August 17, 2010
Sell AUDUSD : Reply
Sell AUDUSD
Entry: 0.9059 Target: Stop: 0.9110

Sold now .....

Covered this @ 8995 for +64 .. GL

Richland QC Mailman 08:04 GMT August 18, 2010
GBP/USD

Question: When is 1.5500 giving up? Is it a matter of time before the bulls finally raise their white flag.

Lahore FM 07:45 GMT August 18, 2010
Trade Ideas

thanx Rana...many good ones to you!

HAJ MAXXIM 07:41 GMT August 18, 2010
gbp

"Mazzel"

Syd 07:37 GMT August 18, 2010
euro
Reply   
Ireland's successful bond auction may have given the EUR a little lift, but it doesn't resolve the single currency's Greek woes. "While Greek CDS remain at levels around 800 bps market signals are obvious: They do not believe that the aid packet for Greece will work," says Commerzbank. "That is not going to be an issue over the next few days or weeks. But the fact that EUR/USD risk reversals trade more negatively the longer the maturity means that EUR risks are still considered to be real." Commerzbank.

tokyo rana 07:36 GMT August 18, 2010
Trade Ideas

Lahore FM 07:31 GMT August 18, 2010
very nice trade brother,

Lahore FM 07:31 GMT August 18, 2010
Trade Ideas

Sell AUDUSD
Entry: 0.9059 Target: Stop: 0.9059 for half

08/17/2010 15:20:45 FM Lahore 4

Sell AUDUSD
Entry: 0.9059 Target: Stop: at a later time
sold for an open target.
--
half closed now at 0.9002,stops lowered for rest of it.

YVR MAXXIM 07:31 GMT August 18, 2010
GBP/USD



Buy GBPUSD
Entry: 1.5505-25 Target: Stop:

MYarschbuyplan!

PAR 07:18 GMT August 18, 2010
BOJ / Yen
Reply   
DPJ Lawmaker Says Japan Should Intervene to Weaken Yen to 95 Per Dollar
By Sachiko Sakamaki and Takashi Hirokawa - Aug 18, 2010 7:18 AM GMT+0200

A Japanese ruling party lawmaker urged Prime Minister Naoto Kan’s government to immediately intervene in the foreign exchange market to weaken the yen to 95 per dollar as the currency’s rally hurts the export-led economy.

“Intervention is necessary to show that the government cannot accept the current level,” Yoichi Kaneko, a Democratic Party of Japan upper house lawmaker, said today in an interview in Tokyo. “I understand that the impact of doing so without international coordination will be limited. But can we afford to ignore the sense of crisis?”

The yen has risen 8.9 percent against the dollar this year, and reached 84.73 on Aug. 11, the strongest level since July 1995. The advance spurred speculation Japan’s government may take action to curb the currency’s gains to aid exporters. The currency traded at 85.43 as of 2:01 p.m. in Tokyo.

The Japanese government hasn’t intervened in the currency market since March 2004 when the yen was around 109 per dollar.

Syd 07:18 GMT August 18, 2010
usd graphic rewind
Reply   
The dollar is beginning to show some real strength as it held onto its gains yesterday despite generally ‘risk-on’ trade. Global equities were on the rise amid chatter of increased M&A activity giving investors some hope that economic activity hasn’t stagnated.LINK

tallinn viies 07:09 GMT August 18, 2010
eurusd
Reply   
people are buying short dated euro PUTS again today after wait and see yesterday.
1,2780/85 and 1,2730/35 targets today I guess

tokyo rana 06:56 GMT August 18, 2010
gbp

nice info.....5 reasons to short the Pound.....

The Pound Sterling has extended gains for quite some weeks now. Since hitting lows in May, it has been on a steady cruise-control uptrend. There were a few things that helped the Pound gain strength.

The end of the European Sovereign Saga was a critical factor in helping the Pound as it joined the ‘risk-appetite’ train upwards. Additionally, the end of the panic gave the Pound a fundamental boost because the Eurozone is one of the UK’s biggest trading partners.

Nevertheless, panic relief does not tell the whole story about the Pound rally. Another factor that helped the currency was good ol’ words and promises from politicians: “We’re re-balancing our budgets”, “We’re taking austerity measures”, “We’re serious about our fiscal situation”, and the list goes on.

While the intentions of the politicians are good-hearted, the reality of them acting on their words is less promising. When it comes to deficit and spending reduction, history shows that collapse is usually the only mechanism that brings back fiscal responsibility. But that’s just my opinion.

Markets seem to have taken the words of politicians and priced in success for the UK austerity measures and the Pound Sterling. It seems like no one is bothered by things such as the Bank of International Settlements’ statement (via The Telegraph) in April declaring that the UK needs to take “drastic” austerity measures. Politicians are typically hesitant to take small measures, now imagine drastic ones.

Overall, the long-term downside risks to the Pound appear to be the following:

1) Failure to follow through with all the stated austerity measures, especially because tax revenues continue to be depressed due to slow economic activity.

2) The UK’s main trading partner, the Eurozone, is likely to suffer from continued economic malaise and thus decrease demand for UK goods & services and overall trade.

3) The projected budget cuts in the next few years add risks to growth.

4) The rate hike euphoria will likely dwindle down. The dissent from BoE member Andre Sentance from the monetary committee and desire to raise rates created a positive stir for the Pound. However, we’ve seen that fairy tale somewhere else.

At the beginning of 2010, Thomas Hoenig started to dissent from the consensus of the FOMC to keep rates at record lows and urged for rate hikes. Combined with positive US data, the U.S. dollar rallied from the 74 level to 80.

The positive data + dissent story for the UK sounds all too familiar. Yet we all know that rate hikes from the Federal Reserve appear to be very far, far away.

5) Where is the growth coming from? There are always extensive talking points from the pundits about where U.S. growth is going to come from while nobody has been talking about what will drive economic growth for the UK. Like the U.S., the UK is a matured economy with no certain growth prospects in sight.

Overall, the Pound is not in the happy-land many investors are trying to claim. There are serious downside risks to the currency which all traders must keep in the back of their mind.

However, all of the above is mainly long-term, where possibly “we’re all dead.” So let us look at some short-term chart setups for the Pound Sterling.

First, the Pound-US dollar ($GBPUSD) cross is fluctuating around some key levels. It is above major support which includes the daily 200 SMA (labeled “1″ on the chart below), the 23.6% retracement of the 1.4226-1.5997 run [2], and the daily trendline starting on June 8th [3].

At the time of writing, the cross appears to breaking the trendline. If it closes below the trendline and the 23.6% retracement (1.5579), I would be looking to short down to the 200 SMA. If the pair breaks below the SMA, the 1.5300 zone would be my next target.

The $GBPUSD cross is having a hard time regaining the 1.5700 level and will likely be pressured down if equity markets don’t bounce back

Mumbai RM 06:33 GMT August 18, 2010
Sell Euro
Reply   


Sell EURUSD
Entry: Target: Stop:

Euro channel was held off well eysterday and today looks broken on downside..

selling euro at 2840.. target 1.2750.. s/l 1.2905

cheers

Hong Kong 06:24 GMT August 18, 2010
EUR/USD Intra-day signal by AceTrader
Reply   
EURUSD
Entry: Target: Stop:

INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD
EUR/USD: 1.2840

Late Update At 18 Aug 2010 06:02 GMT

Euro's intra-day weakness suggests decline fm
y'day's high of 1.2917 remains in progress n weak-
ness to 1.2825 is likely, however, nr term o/sold
condition shud limit downside to 1.2805 sup n bring
a rebound later today.


Sell on recovery with stop as indicated, break
wud risk gain to 1.2900/04 b4 down.

Range Forecast
1.2825 / 1.2855


Resistance/Support
R: 1.2875/1.2917/1.2933
S: 1.2825/1.2805/1.2777

http://www.acetraderfx.com

Saar KaL 06:09 GMT August 18, 2010
doing this today
Reply   
doing these today

GBPAUD just changed into BUy
EURJPY as well

EURUSD Sell 1.2947 1.2772
GBPUSD Sell 1.5723 1.5492
USDCHF Buy 1.0490 1.0336
USDJPY Buy 86.02 84.72
AUDUSD Sell 0.9109 0.8945
NZDUSD Hold 0.7171 0.7037
USDCAD Buy 1.0435 1.0257
GBPCAD Sell 1.6341 1.5979
EURJPY Buy 110.92 108.72
GBPJPY Buy 135.06 131.81
GBPAUD Buy 1.7481 1.7105
GBPNZD Sell 2.2207 2.1734
GBPCHF Hold 1.6379 1.6171

Estimated Error of all highs and lows is about 1.5% as Max

Dxb SAS 06:06 GMT August 18, 2010
Buy GBPUSD
Reply   
Buy GBPUSD
Entry: 1.5505 Target: open Stop: 1.5460

Long now ....

Syd 05:51 GMT August 18, 2010
AUD May Fall If Election Outcome Unclear - FX ASIA
Reply   
AUD bulls better start paying attention to Australian race for prime minister as it could hit their trades in coming days. If--as looks increasingly likely--the Aug 21 election results in hung parliament, or any other form of uncertainty takes shape, expect AUD to fall against most crosses. "There's certainly a lot more riding on the election than there was a few weeks ago. And while it's not a game-changer for the currency, if it turns out there is no clear winner come Monday morning, the currency will take a hit," said Greg Gibbs, currency strategist at RBS. AUD/USD recently at 0.9020, and with RBA set to hold rates steady for a while--removing some support from yield-hungry investors--AUD/USD may drop as far as 0.8600 should growing spate of global economic concerns continue. Aussie Vulnerable To Pullback As Election Approaches

Syd 05:17 GMT August 18, 2010
BLOW TO LABOR AS UNION BANKROLLS GREENS
Reply   
THE Greens have received their largest-ever political donation with a disaffected Victorian blue-collar union giving $325,000 to help the party win the seat of Melbourne and its first Victorian Senate spot.
LINK

Labor blood will flow over Rudd dumping, says union boss
The Opposition's treasury spokesman, Joe Hockey, this morning seized on the comments - saying Labor was beset by conflict and could not be trusted to provide stable government.

''If senior union officials are warning of a bloodbath in the Labor Party after the election, Australians should be aware that there will be a focus on Labor, and not a focus on the Australian people, if Julia Gillard is elected,'' Mr Hockey.

''This is a warning from a union official that there is going to be turmoil and turbulence in a Julia Gillard elected government.''

In a blow for Labor, the ETU's Victorian branch has given The Greens their largest-ever political donationof $325,000 to help the party win the seat of Melbourne and its first Victorian Senate spot.

- with AAP

Labor blood will flow over Rudd dumping, says union boss

Syd 05:01 GMT August 18, 2010
Australian housing affordability nudged closer to a record low in the second quarter of 2010
Reply   
The HIA-CBA Housing Affordability Index fell by 9.1% to 108.3 points in the June 2010 quarter to be 32% lower compared to the same period last year. The Index combines interest rates, household incomes and home prices to determine affordability conditions. It hit a record low of 107.1 points in the March 2008 quarter. Affordability declined by 9.5% over the June 2010 quarter across the nation's capital cities and was down by 6.7% in regional Australia.

The largest falls were recorded in Sydney (-9.1%), regional Victoria (-9.0%), regional Tasmania (-8.8%) and Adelaide (-8.7%).
Recent data has showed house price growth has slowed sharply over the last few months, as indicators of housing demand generally have shown much moderated trends.

tokyo rana 04:49 GMT August 18, 2010
jpy

Buy USDJPY
Entry: 85.52 Target: 86/87 Stop: below yesterdays low

just try...ithink it will test 86.30 fridays high...happy day

tokyo rana 04:48 GMT August 18, 2010
jpy
Reply   

Entry: 85.52avg now Target: 86/87 not much sure Stop: below yesterday low

just try...ithink it will test 86.30 fridays high...happy day

tokyo rana 04:46 GMT August 18, 2010
gbp
Reply   
Buy GBPUSD
Entry: 1.55777 Target: open Stop: not sure yet

looks very bullish today lets see,happy day,

tokyo rana 04:43 GMT August 18, 2010
GBP/USD-Breaking the Daily diagonal TL support

Auckland peat 04:35 GMT August 18, 2010
dear friend,fundamentaly gbp can very high today...but in these markeets any thing possible...im long gbpjpy gbpusd usdjpy....today ithink gbp will be winner but again i can be wrong...happy trade,

Melbourne Gt 04:36 GMT August 18, 2010
Miners
Reply   
Syd 04:30 GMT August 18, 2010
Syd...Miners dont matter as they cant vote because they havent reach the age of 18 yet....thats why they are called miners!!

Auckland peat 04:35 GMT August 18, 2010
GBP/USD-Breaking the Daily diagonal TL support

Richland QC Mailman 00:41 GMT August 18, 2010
GBP/USD
Daily candle closing also below that TL.


...not to mention the bearish engulfing.

Syd 04:14 GMT August 18, 2010
Green will Wreak Havoc on Australian Economy
Reply   
WHEN the new Senate sits after the election it is almost certain that the Australian Greens will control the balance of power.
Yet the party's economic agenda has barely been examined.
Greens' high tax ambitions

SCENARIOS-Australia election to decide fate of mining tax
SYDNEY Aug 17 (Reuters) - Australian Prime Minister Julia Gillard plans to bring in a 30 percent tax on profits at larger iron ore and coal mining firms from 2012 if she wins Saturday's election. Her opponent, Tony Abbott, has pledged to dump the tax. With the poll on a knife-edge, the mining sector faces huge uncertainty. Even if Gillard wins the Greens could end up as kingmakers in the senate and push for a stronger tax.LINK

Green senators may determine the final outcome of the tax and could even call for the tax on profit to be raised to 50 percent.SCENARIOS-Australia election to decide fate of mining tax

tokyo rana 04:00 GMT August 18, 2010
jpy
Reply   
Buy GBPJPY
Entry: 132.777 Target: 138/140 Stop: 129.777

now long gbpjpy gbpusd usdjpy...all short positions closed....happy trade,

GVI Forex Blog 03:58 GMT August 18, 2010 Reply   
The US equities were up on account of slight increase in housing starts, surge in industrial production and good numbers by Home Depot and Walmart yesterday.

Morning Briefing : 18-Aug-2010 - 0340 GMT

Syd 03:52 GMT August 18, 2010
fx
Reply   
BERN DS 03:48 many thanks

tokyo rana 03:51 GMT August 18, 2010
Aussie - Breaks 9040 heading 9070/80.

Richland QC Mailman 03:41 GMT August 18, 2010
thanx friend for post,i hope we make some pips today....any trade idea?happy trade,

BERN DS 03:48 GMT August 18, 2010
Thanks SYD
Reply   
SYD, just want to follow up on others... tks for your ever fantastic news and guidance during our trading day... really valuable... Keep it up !

Syd 03:44 GMT August 18, 2010
Australia Greens Leader: Would Seek To Renegotiate Mining Tax To Raise Extra A$2.0B
Reply   
The leader of the Australian Greens, Bob Brown, said Wednesday his party will push for a renegotiation of the Labor government's planned mining tax to increase the projected revenues from the tax.

The Greens are likely to hold a key position in the next parliament if, as polls suggest, they hold the balance of power in the upper house or Senate after Saturday's federal election.
As a first step in the parliament, the Greens will negotiate an adjustment to the mining tax so it raises an additional A$2 billion

OMG!!!

Richland QC Mailman 03:41 GMT August 18, 2010
Aussie - Breaks 9040 heading 9070/80.

Thanks Rana. I have closed all my aussie possies (short-term trade), concentrating now on how this GBP/USD will behave onto the European session.

Tybee Island ZEUS 03:36 GMT August 18, 2010
GBP/USD

All in at 1.5545. Never know for sure. Let's see...

tokyo rana 02:50 GMT August 18, 2010
Aussie - Breaks 9040 heading 9070/80.

Richland QC Mailman 15:23 GMT August 17, 2010
dear friend,very nice call on audusd....happy trade,

tokyo rana 02:45 GMT August 18, 2010
GBP/USD

Tybee Island ZEUS 02:40 GMT August 18, 2010
yes my friend,this markeet donot know....i closed audusd shorts this just going down...every position going against me...happy trade,

Tybee Island ZEUS 02:40 GMT August 18, 2010
GBP/USD

Ok dunno why but added quite a bit more @ 1.5557

Happy Day!

tokyo rana 02:25 GMT August 18, 2010
jpy
Reply   
Buy USDJPY
Entry: 85.40 Target: 86.15/86.25 Stop: 85

good morning,bought usdjpy........today long usdjpy gbpusd short eurusd eurjpy audjpy....happy trade,

GVI Forex Blog 02:01 GMT August 18, 2010 Reply   

Friendly Events Fuel Stock Market Rally

GVI Forex Blog 02:00 GMT August 18, 2010 Reply   

Risk Trade Back On; USD JPY Set Up for Rally

GVI Forex Blog 01:58 GMT August 18, 2010 Reply   

Risk Trade Back On; USD JPY Set Up for Rally

Richland QC Mailman 01:25 GMT August 18, 2010
Aussie - Diving but Encountering the CP
Reply   
Richland QC Mailman 15:43 GMT August 17, 2010
Aussie - Breaks 9040 heading 9070/80. : Reply
Ok first salvo on aussie triggered at 9075. More missles waiting if necessary.
----------------------------
Ok folks, closed 1/3 of those shorts. 9030 is the CP of the day.

Hong Kong 01:18 GMT August 18, 2010
Daily Market Outlook by AceTrader-18-8-2010
Reply   
Market Review - 17/08/2010 22:53 GMT

Euro surges on solid demand at European debt auctions

Euro rose strongly across the board on Tuesday as solid Irish and Spanish bond auctions eased worries about the ability of peripheral eurozone countries to recapitalize.

The single currency edged higher after finding buying interest at 1.2805 in Asia and rose strongly to 1.2917 in Europe, as eurozone economic sentiment rose to 15.8 against the expectations of 9.3 and the reading of 10.7 in July. The results of Irish bond auction (Ireland got 2.695 billion and 2.39 billion euros bids for 2014 and 2020 respectively and sold 1.5 billion euros in an auction of 2014 and 2020 paper) gave support to the single currency. Later, euro retreated from there on profit-taking and briefly fell to 1.2835 before moving sideways in NY afternoon.

Euro was also supported by strong demand in Spanish debt auction. Spain sold 5.51 billion euros of treasury bills (the top end of its target of 4.5-5.5 billion euros) with yield falling from last week.

Germany has set a record low 2.25% coupon on its new 10-year Bund to be sold on Wednesday after the yield on the outgoing 10-year Bund fell to a record low 2.31% in the secondary market on Monday driven by a gloomy global economic outlook.

The greenback ratcheted higher against the Japanese yen in Asia after extending decline from last Friday's high of 86.39 to 85.11 in Australia, as Japanese Prime Minister Kan is likely to meet BOJ's Governor Shirakawa and the meeting might be pushed forward to later this week depending on market developments, and dollar climbed to 85.54 in Europe. Later, although dollar retreated briefly to 85.21 after the release of U.S. PPI and housing starts data, it rose again and hit an intra-day high of 85.69 in NY morning before stabilising.

U.S. July PPI rose by 0.2% m/m and 4.2% y/y as expected versus -0.5% m/m and 2.8% y/y in June respectively. Core PPI came in at 0.3% m/m and 1.5% y/y, higher than the economists' forecast of 0.1% m/m and 1.3% y/y. U.S. housing starts increased by 1.7% to 546,000 unit rate (consensus 560,000) versus 537,000 unit rate in June whilst housing permits dropped by 3.1% to 565,000 unit rate (consensus 580,000) against 583,000 unit rate in June.

U.S. equities rose strongly on Tuesday due to upbeat corporate earnings. DJI surged by 104 points or 1.01% to 10406, while FTSE-100, CAC-40 and DAX also rallied by 1.41%, 1.82% and 1.57% respectively.

Earlier, Satoshi Arai, Minister of State for Economic and Fiscal Policy, said Japanese government to start debating stimulus steps on Aug 20. He added 'yen rise may not cease with verbal intervention and may be in final stage. We need to watch yen rise for now.'

In other news, Watanabe (Mr. Yen), the former Ministry of Finance official and now the head of the state-backed Japan Bank for International Cooperation (JBIC), said that the current moves of yen were stable and no need now for action to stem the rise of yen. He added that Tokyo might step into forex market if daily yen moves became rapid and yen would weaken before long and would not rise sharply above 85.00 versus dollar, however, his comments did not represent the Japanese government.

Although the British pound ratcheted higher in tandem with euro in Asia and rose to 1.5696 ahead of European opening after retreating from Monday high of 1.5703 to 1.5636, cable dipped briefly after the release of U.K. inflation data. Later, sterling fell again and tumbled to an intra-day low of 1.5552 on cross selling in sterling versus euro in NY afternoon (eur/gbp rallied from 0.8186 to 0.8282).

U.K. consumer price index fell to 3.1% in July as widely expected versus the reading of 3.2% in June, suggesting U.K. interest rates will remain at their record low of 0.5% well into 2011.

On data front, German ZEW index came in at 14.0 in August, much weaker than economists' forecast of 21.0 and well below 21.2 in July.

Economic data to be released on Wednesday include: Australia Westpac leading economic index, Japan Leading indicators, U.K. BOE meeting minutes.

http://www.acetraderfx.com

Syd 00:55 GMT August 18, 2010
Westpac Index Confirms Moderation In Aussie Econ
Reply   
Westpac leading index of Australian economic activity +6% annualised in June, slowing from 7.4% in May; marks third straight month of moderation. Data further evidence Aussie economy has come off the boil as impact of earlier interest rate hikes take effect. Data should further cool expectations of near-term rate hike from RBA, with consumer spending soft, inflation falling back to within desired 2%-3% range. DJ

Richland QC Mailman 00:41 GMT August 18, 2010
GBP/USD-Breaking the Daily diagonal TL support
Reply   
Richland QC Mailman 15:52 GMT August 17, 2010
Short cable : Reply
ok folks. some shorts initiated ahead of 1.5600.
------------------
Stops raised to b/e before bedtime last night.

We can see a break of the rising diagonal TL on the daily chart drawn from June 8, 2010. Daily candle closing also below that TL. A break of 1.5550 may lead us all to 1.5480/70 where partial profits will be realized and expected bounce to around 1.5550 or lower could ensue. Now is the interesting part. Should the gate 1.5480/70 opens on another attack, we will continue with the view that this will dive very, very deep. That is the beauty of trending market like it is now with GBP.

GBP/CAD - good opportunities for shorts too.

Syd 00:36 GMT August 18, 2010
Australia's Labor Party Poised For Narrow Election Win - Poll
Reply   
Australia's ruling Labor Party is set to scrape home in Saturday's national election with a vastly reduced majority, according to an opinion poll canvassing swing seats published in the Sydney Morning Herald on Wednesday.The JWS Research poll indicated the center-left Labor Party is likely to hold a four-seat majority after the Aug. 21 ballot, down from 16 seats in the current parliament.
www.smh.com.au

Syd 00:15 GMT August 18, 2010
‹(•¿•)›
Reply   
Many thanks everyone :-))))

Richland QC Mailman 00:09 GMT August 18, 2010
Syd - thanks

Good Asian morning folks! What does SYD stand for?

S - uperlative forex news provider
Y - ardstick of dynamic forex info
D - esirable forum member

 




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