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Forex Forum Archive for 01/05/2011

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Syd 23:13 GMT January 5, 2011
Two-way eurozone split led by Germany could solve 'rolling debt crisis'
Reply   
Telegraph columnist Roger Bootle tells Robert Miller why the eurozone faces a 'rolling debt crisis' for years to come and why a break-up is now 'more likely than not'.
LINK
Brazil pledges to stop US 'melting the dollar'
Brazil has sounded a new note of warning in the international "currency war" by pledging not to allow the United States to "melt the dollar".
LINK
History Hints AUD/USD May Have Peaked For Now - ANZ
AUD/USD is on the slide at the start of 2011 notes ANZ with last nights price action suggesting there was a clean-out of the most crowded trades such as long AUD, gold, CHF and copper. Another negative for the rate may come from unwinding of Christmas and New Year yield plays which the bank says historically tend to support AUD from mid-December until mid-January. The timing and length of AUD end-of-year rallies since 2000 suggests that if history repeats itself then AUD/USD may have reached a near-term peak, especially given the early start to the December/January rally.
The EUR/USD is enroute to the 1.2970 area due to stronger USD and data disappointments in the eurozone, say BNP Paribas strategists
The AUD/USD looks set to stay in a vulnerable position targeting 0.9830 and then 0.9755 initially, say BNP Paribas strategists. "We have suggested that a rebound in yields as a result of stronger US data would reduce the attractiveness of commodities, putting commodity currencies at risk."

China is "trying to be nicer to Europe at the moment, partly because they don't want the euro to collapse," Jonathan Fenby, director of China research at Trusted Sources, told CNBC.
China Being 'Nice' to Europe

Lahore FM 22:31 GMT January 5, 2011
Trade Ideas

Buy OTHER
Entry: 0.7576 Target: 0.7700 Stop: 0.7490

long now on kiwi.

Syd 22:16 GMT January 5, 2011
EU plans for bondholder haircuts unsettles debt markets
Reply   
The European Commission will on Thursday press ahead with plans to spread the burden of EU bank failures to senior bondholders, marking the start of harsher times for Europe’s creditors. Fears that this could evolve into a crusade against bondholders set off fresh jitters on EMU debt markets yesterday, pushing yields on 10-year Greek bonds to a record 12.59pc.

Syd 22:14 GMT January 5, 2011
HOME owners are starting to feel the squeeze of successive interest rate rises, and new home develop
Reply   
EU plans for bondholder haircuts unsettles debt markets
The European Commission will on Thursday press ahead with plans to spread the burden of EU bank failures to senior bondholders, marking the start of harsher times for Europe’s creditors.



HOME owners are starting to feel the squeeze of successive interest rate rises, and new home development is cooling
It deepened a 2 per cent drop over the three months to November, and sales were down 11 per cent compared with the same period in 2009.
LINK
Flood disaster to cut GDP by $2.5bn
Mr Boak said that economic negatives could include delays to the planned coal-seam gas projects in Queensland.
LINK
China likely to use stronger yuan to curb inflation
A stronger exchange rate is likely to be one of the tools China uses to curb inflation in the first quarter, a government economist said Wednesday, as Beijing tries to stem a flood of liquidity.
LINK

LINK

Lahore FM 22:12 GMT January 5, 2011
Trade Ideas

Buy AUDCAD
Entry: 0.9963 Target: Stop: 0.9880

went long for something above 1.03.

GVI Forex john 22:12 GMT January 5, 2011
GVI Forex Trading Support

Earlier data errors in moving average and pivot points have been corrected.

Lahore FM 22:11 GMT January 5, 2011
Trade Ideas

Sell AUDCAD
Entry: 1.0088 Target: Stop:

closed remainder last potion at current for 138+ in total.

GVI Forex john 21:32 GMT January 5, 2011
GVI Forex Trading Support

GVI CHART POINTS
Entry: Target: Stop:

Trading Resources...



Israel dil 21:30 GMT January 5, 2011
whipsaw

Quito Valdez, thank you for explaining and sharing.

jerusalem kb 21:30 GMT January 5, 2011
sell gbpusd
Reply   


Sell GBPUSD
Entry: 1.5510 Target: 1.3355 Stop: 1.5585

sold

GVI Forex john 21:29 GMT January 5, 2011
GVI Forex Trading Support

USD PIVOT POINTS
Entry: Target: Stop:

Pivots	EURUSD	USDJPY	USDCHF	GBPUSD	USDCAD	AUDUSD	NZDUSD
Res 3	1.3472	85.28	0.9953	1.5779	1.0101	1.0170	0.7746
Res 2	1.3398	84.33	0.9819	1.5703	1.0061	1.0122	0.7713
Res 1	1.3274	83.80	0.9739	1.5605	1.0012	1.0056	0.7643

Pivot	1.3200	82.85	0.9605	1.5529	0.9972	1.0008	0.7610

Sup 1	1.3076	82.32	0.9525	1.5431	0.9923	0.9942	0.7540
Sup 2	1.3002	81.37	0.9391	1.5355	0.9883	0.9894	0.7507
Sup 3	1.2878	80.84	0.9311	1.5257	0.9834	0.9828	0.7437

GVI Forex john 21:27 GMT January 5, 2011
GVI Forex Trading Support

USD MOVING AVERAGES
Entry: Target: Stop:

Latest	EURUSD	USDJPY	USDCHF	GBPUSD	USDCAD	AUDUSD	NZDUSD
Last	1.3149	83.28	0.9660	1.5507	0.9962	0.9989	0.7573
High	1.3325	83.37	0.9684	1.5627	1.0022	1.0075	0.7680
Low	1.3127	81.89	0.9470	1.5453	0.9933	0.9961	0.7577
Change	-0.0149	1.27	0.0174	-0.0079	-0.0024	-0.0058	-0.0096

MVA	EURUSD	USDJPY	USDCHF	GBPUSD	USDCAD	AUDUSD	NZDUSD
5 day	1.3289	81.94	0.9436	1.5517	0.9967	1.0115	0.7694
10 day	1.3234	82.10	0.9473	1.5474	0.9996	1.0108	0.7639
20 day	1.3219	82.90	0.9559	1.5532	1.0050	1.0020	0.7540
50 day	1.3424	82.80	0.9739	1.5754	1.0091	0.9929	0.7619
100 day	1.3388	83.13	0.9832	1.5713	1.0200	0.9702	0.7475
200 day	1.3086	86.67	1.0355	1.5412	1.0261	0.9274	0.7267

TREND	EURUSD	USDJPY	USDCHF	GBPUSD	USDCAD	AUDUSD	NZDUSD
BIAS	Up	Down	Down	Down	Down	Up	Up

GVI Forex john 21:25 GMT January 5, 2011
GVI Forex Trading Support


Global-View Chart Gallery updated. A wide selection of updated forex, interest rate and equity charts.

Global-View Market Tracker updated. Twice daily survey and technical studies of a broad range of related markets.

Quito Valdez 21:23 GMT January 5, 2011
whipsaw

Israel dil, in addition to my quick grab every week's Asian open on EUR/CHF, I am encouraged to do this when the pair trends south for an obvious reason, it's hard to lose.

Now, if the pair trends north, I'd reconsider this pat Sunday short position trade entirely and realize that no trend is forever.

Couple the short trend with common sence that Euro is considered less stable than CHF and that ramifies my confidence yet more.

I take less risk than most traders so my position TPs may be shy of more pops compared to other traders' tactics. I am out for moderate profit but take the "sweet spot" out of a move rather than try to get the whole thing and have profits vanish as the pair blows back on me. There is no "pat" advice I can give you on this either.

GVI Forex john 21:09 GMT January 5, 2011
GVI Forex Trading Support

UPDATED. Global-View Free FX Database. High-Low-Close data for over a dozen currency pairs for well over a decade of data in Excel spreadsheet format.

GVI Forex Blog 21:00 GMT January 5, 2011 Reply   
EUR falls sharply Eurozone peripheral funding concerns climb SNB drops Irish collateral Zhou talks up inflation FOMC minutes: deflation fears receding

Forex Market Commentary and Analysis (5 January 2011)

Lahore FM 21:00 GMT January 5, 2011
Trade Ideas

Buy EURCAD
Entry: 1.3264 Target: Stop: 130 pips

01/04/2011 07:35:26 FM Lahore 42

Buy EURCAD
Entry: 1.3264 Target: 1.35 Stop: 130 pips
bought.
--
it stopped for all of 130 minus.

Lahore FM 20:57 GMT January 5, 2011
Trade Ideas

Buy GBPUSD
Entry: Target: Stop:

something bullish cooking up for gbpusd and some other gbp crosses.i have taken up soem longs on gbpusd and gbpcad

Quito Valdez 20:56 GMT January 5, 2011
whipsaw

The reason I prefer EUR/CHF for my "standard Sunday short" is because invariably this pair will short below opening value around 50 pips or more especially last quarter when the pair shorted as a whole. In that trade I simply can't go wrong and bet rather heavy on those scant 50 pips. Sometimes I keep part of the position going and gain yet more.

As to why I chose that pair over the other swiss pairs is because the other ones don't seem to have the consistence of shorting Monday as does EUR/CHF. What I'm after on that trade is simply a quick grab, aside from anything else I do the rest of the week. I like to start off the week with a heavy win. Then if I have a position blow back on me, I take that out of winnings instead of out of my pervious account but still maintain a positive each week no matter what. If I lose over 20% of my winnings I shut down usually for the rest of the week. The idea is to gain weekly, however much, not lose, so I don't allow losses to eat up wins for the week. I never go negative in any given week using the above tactic especially an initial heavy win with EUR/CHF shorting off Asian open Sunday.

The reason I don't like GBP/CHF as much is because it's randomly up and down and doesn't always short 50 pips off Asian open Monday. There have been times also when EUR/CHF didn't meet 50 pips either but not much and with a south trend it doesn't make any difference, I just keep it in position and no stop and eventually it wins and usually much more than just 50 pips. I don't use stops much. If I am not confident in a trade I don't place it and stops are for trades in whiich confidence is questionable.

At times I used to use stops when I was away from the computer enough not to supervise things and I wasn't sure about the trade. I lost more winnings then, than I lose now and yes I do lose winnings sometimes...but as I said I limit loss to no more than 20% of my week's winnings.

I'm not saying this trading method is for everyone, it's not, it's just what works for me. I don't use tech nor fundamentals much either. You ask, "What in blazes do you use then?" I can't answser that question for I don't know that even myself. I pay attention to Fib and MA somewhat and it helps create my bias...but I don't trade on them exclusively like some do.

Israel dil 20:25 GMT January 5, 2011
whipsaw


Quito Valdez, as usual a good read from your side. if I may ask, why you prefer not to trade GBP/CHF and only USD/CHF & EUR/CHF, thanks in advance for explaining and good trades to you.

Israel dil 20:23 GMT January 5, 2011
the Romanian way to raise taxes collection
Reply   

Romanian witches use spells to protest new taxes


tax here, tax there, and Romania will be ready to be genuine EURO land :-)

Quito Valdez 19:59 GMT January 5, 2011
whipsaw
Reply   
The first of year whipsaw John and Jay warned about and that we all see now, keeps me from trading midweek in January other than my standard weekly guaranteed Sunday placed short EUR/CHF for 50p. As positions re-enter and funds are traded to do simple buy-sell business at the year's start as opposed to repatriated funds at year's end, the charts are simply random. Trading would therefore be pure luck and that's not how I trade. Luck is for gamblers, trading is for traders.

February will see me looking for position opportunities, not promising I'll position heavily either.

The reason CHF is taking a beating is franks are being changed to GBP, JPY, USD and EUR for business money transfers and also just simple big player repositioning and the necessity to buy other cncys than CHF.

I will be looking for this first of year "sqirming around" to quit in a week or two and I might buy CHF with EUR and maybe USD, but small positions at first. We'll see. Can't offer a bit of advice for today however other than play conservatively.

tokyo rana 19:56 GMT January 5, 2011
buy pending order on audjpy

jerusalem kb 19:17 dear brother,good luck,

lkwd jj 19:44 GMT January 5, 2011
silver

still watching the 20d ma with close below today. 2950

lkwd jj 19:36 GMT January 5, 2011
silver

stopped out in silver @ 29.20.

jerusalem kb 19:17 GMT January 5, 2011
buy pending order on audjpy

RANA since long time and you are commenting and mentioning that audjpy will go down to 72/65 or maybe even 50(by the way you are talking about 3300pips).
i just want to say that i am very happy with the 300pips+i gained from this pair last month and today and now i am running 115pips+ targeting 84.05 and may change my mind for higher price.
i am trading what i see not what i expect.

NGN CFANFX 18:50 GMT January 5, 2011
buy euraud order
Reply   
Buy EURAUD
Entry: 1.3150 Target: 1.3325 Stop: 1.3093

I LONG HAAPY TRADE

tokyo rana 18:43 GMT January 5, 2011
buy pending order on audjpy

its hard to explain why not u study ur own...usa housing data will collapse ithink than banks will collapse so jobs problem will come soon markeet will tell u....long term yen chf is buy....aud not trust able currency even usd euro look data....

Tallinn viies 18:41 GMT January 5, 2011
eurusd
Reply   
so basically if this hedging is behind it and daily range today 200 then wouldnt be suprised if tommorow daily range 250 ticks

atlanta blahblah 18:38 GMT January 5, 2011
buy pending order on audjpy

what are the fundamentals that will make the yen stronger rana?

Tallinn viies 18:36 GMT January 5, 2011
eurusd
Reply   
ex - 10 am ET-
UK 15:00

London ex 18:32 GMT January 5, 2011
eurusd

What time is NY cut?

tokyo rana 18:30 GMT January 5, 2011
buy pending order on audjpy

yen will gain still alot...yen will go further just wait and see usdjpy soon say hello to 72/65 or maybe even 50....no need to trust me its so easy to know if we go through fundas...iknow why stocks going up and why it will come down...happy day,

tokyo rana 18:25 GMT January 5, 2011
buy pending order on audjpy

jerusalem kb 18:22dear brother,charts is just chart aud is negitive due to many funda it will not break against jpy forget about that iwill go very low......happy day,

Cambridge Joe 18:23 GMT January 5, 2011
1.2777ZEUS

A very nice & happy day Rana.

Well played Sir !
Keep up the good work !

jerusalem kb 18:22 GMT January 5, 2011
buy pending order on audjpy



AUDJPY
Entry: Target: Stop:

POSITION UPDATE:
looks like we have another trade setup where price breaks 100% and it is highly possible to target 161.8.
82.75 is main support
sl now at 82.45 and target 84.05

Tallinn viies 18:16 GMT January 5, 2011
eurusd
Reply   
nyc s-Im not an option expert but most likely writer doesnt have time to defend it, just busy to do delta hedge.
closer to expiry bigger amount delta hedger needs to sell and buy. basically may move markets if pay out 200 mios.
of course mnaybe do not need to delta hedge if hedged otherwise

tokyo rana 18:05 GMT January 5, 2011
1.2777ZEUS

Sell AUDJPY
Entry: soon Target: open Stop: later

eurusd 50pips plus audusd 40pips plus usdjpy 10pips minus closed stocks looks heavy...happy day,

GVI Forex Jay 18:00 GMT January 5, 2011
Tech Talk

High just now was 1.3191 before being beaten back.

GVI Forex Jay 17:48 GMT January 5, 2011
Tech Talk

As posted in GVI Forex

GVI Forex Jay 17:44 GMT January 5, 2011
Tech Talk: Reply
High just now was 1.3186 but still has a bid. Market is not sure what theme to trade on. Typical of week one in a new year.

GVI Forex Jay 16:56 GMT January 5, 2011
Tech Talk: Reply
EUR/USD 1.3168, 83 and 88 block a return to 1.32.

nyc s 17:28 GMT January 5, 2011
eurusd

viies does that mean the writer of the option will look to defend that level???

Tallinn viies 17:21 GMT January 5, 2011
eurusd
Reply   
so this structure is still live and kicking :)
they say pay out 15-20 musd.


Hearing that a 1.3125 exotic option, carrying a large payout, rolls off at NY cut tomorrow. The exotic is a "Below" European Digital - owner of the option will receive a payout if spot is below 1.3125 at expiry

GVI Forex Blog 17:20 GMT January 5, 2011 Reply   
To be clear the change in House of Representatives from Democratic to Republican control is far more significant than a more hawkish FOMC composition in 2011 in the scheme of things.

FOMC Rotation adds Hawks, GOP's Paul Leans on Fed...No Big Deal (FXA)

nyc ws 17:18 GMT January 5, 2011
What's the buzz?

Maybe the euro is seen as a good candidate for a funding currency even if its rates are higher than say chf and jpy and even the usd as the currency has a bigger downside risk.

GVI Forex Blog 17:09 GMT January 5, 2011 Reply   
USD/JPY (a 4-hour chart of which is shown) as of Wednesday (1/05/2011) has risen sharply and substantially to breakout above several different resistance levels, including the key 83.00 level.

USD/JPY Surges to the Upside

jkt-aye 17:06 GMT January 5, 2011
confused
Reply   
EURJPY
Entry: Target: Stop:

toward 109.00 ?

Richland QC Mailman 16:51 GMT January 5, 2011
Usd/Yen looking toppish 83.26

Sold more 82.26

GVI Forex Blog 16:48 GMT January 5, 2011 Reply   
The greenback has sustained its upward momentum in the US. The USD/JPY led the charge as it tested above the 83 handle, EUR/USD dipped below the 1.32 area while USD/CHF edged back above the 0.96 neighborhood.

TradeTheNews.com US Market Update

GVI Forex Blog 16:48 GMT January 5, 2011 Reply   
The greenback has sustained its upward momentum in the US. The USD/JPY led the charge as it tested above the 83 handle, EUR/USD dipped below the 1.32 area while USD/CHF edged back above the 0.96 neighborhood.

TradeTheNews.com US Market Update

GVI Forex john 16:30 GMT January 5, 2011
GVI Forex Trading Support

CALENDAR
Entry: Target: Stop:

January 5 (global-view.com) UPCOMING DATA HIGHLIGHTS for Thursday, January 6:

  • Far East: No major releases.
  • Europe: Switzerland- CPI, EZ- Retail Sales, GB- ISM Sedrices PMI, DE- Industrial Orders.
  • North America: Weekly Jobless Data, Natural Gas. CA- Ivey PMI.
Updated: Trading Events Calendar

GVI Forex Blog 16:15 GMT January 5, 2011 Reply   
We are two years on the other side of the near death of modern capitalism…well maybe that is too broad a moniker…the near death of modern finance instead. Yet many are still positioned as if the world will end at any moment,

Q1 Idea...Fade Black Swan Trades (FXA)

kl fs 16:08 GMT January 5, 2011
Usd/Yen looking toppish 83.26

short usdjpy as well with Mailman at 83.29, testing the pattern, next 24 hours will go lower, stop should be above 83.70

London HC 15:58 GMT January 5, 2011
Trade Ideas

eurusd is trailing now and up on most crosses from earlier.

GVI Forex Jay 15:46 GMT January 5, 2011
Trade Ideas

JJ data was released at 15:00 GMT

Hong Kong Qindex 15:44 GMT January 5, 2011
Gold : Critical Support 1372.4

Gold
Entry: Target: Stop:

Gold : It is the leading indicator.

jerusalem kb 15:44 GMT January 5, 2011
SELL BREAK OF 1.3290

thanks jay

jerusalem kb 15:43 GMT January 5, 2011
buy pending order on audjpy

closed half with 95pips , don`t know if it can go higher from this level or not .
2nd half 84.55

GVI Forex Jay 15:38 GMT January 5, 2011
SELL BREAK OF 1.3290

kb, nice trade, well presented in a timely manner.

jerusalem kb 15:36 GMT January 5, 2011
SELL BREAK OF 1.3290

closed all with 140pips.
it is nothing but taking profit but more down will come incase you want to hold.

Macau JJ 15:36 GMT January 5, 2011
Trade Ideas

I know, but the data is released at 1100, why the EUR reacted quite late?

Syd 15:33 GMT January 5, 2011
Clock Ticks for New Euro Shocker
Reply   
A fresh, grisly decline in the euro is seen as a near-certainty as pressure on the currency builds.
link
Chinese Official Goes to Save Spain, Buys Ham
China will buy $13.5 million of meat products, $9 million of olive oil, $6 million of wine and $260,000 of ham from Spain. According to Chinese media,
LINK
BEIJING (MarketWatch) — The Chinese government may undertake “intensive” tightening in the first quarter in response to inflation pressures, a government economist wrote in a commentary piece in the Economic Information Daily on Wednesday.

GVI Forex Jay 15:31 GMT January 5, 2011
Trade Ideas

JJ There was no reason other than it went in the direction of the trend after the post-ISM rally fizzled.

Note S2 (1.3127) -- low was 1.3125

Kaunas DP 15:28 GMT January 5, 2011
EUR/USD
Reply   
Kaunas DP 13:42 GMT January 5, 2011
EUR/USD long: Reply
Kaunas DP 11:33 GMT January 5, 2011
EUR/USD long: Reply
Stooped at BE (1.3140).

Placed order to long at 1.3194 with 1.3162 SL for 1/2 standard pos.
_ _ _ _

ANOTHER 1/2 POS LONGED 1.3172, AVERAGE 1.3183,
SL 1.3133; TP OPEN

_ _ _ _

Stopped out - daily result -34pips... will let it consolidate 1.31-1.315 and then decite what next... GL/GT

Macau JJ 15:26 GMT January 5, 2011
Trade Ideas

May I know why EUR slipped at 1.3162 so quickly?

Richland QC Mailman 15:20 GMT January 5, 2011
Usd/Yen looking toppish 83.26
Reply   
Sell USDJPY
Entry: 83.15 Target: Stop: 83.30

Sold here.

Richland QC Mailman 15:17 GMT January 5, 2011
Trade Ideas

Good we liquidated at 1.3162. That was close.

GVI Forex john 15:11 GMT January 5, 2011
GVI Forex Trading Support



ECONOMIC DATA CHART
Entry: Target: Stop:

U.S. ISM Services PMI much stronger than expected. Note U.S. surging ahead of EZ... Employment sub-component was surprisingly soft.

jkt-aye 15:06 GMT January 5, 2011
GVI Forex Trading Support

John & Jay ... happy new year
btw i love the "alert", cheers

GVI Forex Jay 15:05 GMT January 5, 2011
GVI Forex Trading Support

but Employment dipped: 50.5 v 52.7 prior

GVI Forex john 15:00 GMT January 5, 2011
GVI Forex Trading Support

ALERT
Entry: Target: Stop:

-- ALERT --

December ISM Services PMI: 57.1

London SMS 14:59 GMT January 5, 2011
Squared up
Reply   
Sell USDCHF
Entry: .9645 Target: Stop:

for +245pips; nealry equals my loss in gold!
---------------

London SMS 13:19 GMT December 30, 2010
..... small Long USD CHF @ 0.94.

GVI Forex Jay 14:57 GMT January 5, 2011
Tech Talk

As noted 1.3127 = S2 (vs, 1.3133 lo

As also noted, key supports are below 1.31

Next up is the ISM Services PMI - watch the employment component

We will be offering two affordable live newswire services - if you are interested in more info, send me an EMAIL

GVI Forex john 14:51 GMT January 5, 2011
GVI Forex Trading Support

EVENT @ 15:00 GMT
IMPACT = HIGH
U.S. Purchasing Managers Index – Service -


Most major economies have purchasing managers indices (PMI) released monthly. They are compiled by various organizations. Some focus on the manufacturing sector while others measure the service sector. They are a very current measure of the economic health of the manufacturing or services sector. The PMI indices are usually based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment.

A PMI of greater than 50 represents expansion, compared to the previous month. A reading under 50 represents a contraction, while a reading at 50 indicates no change.

We find the PMI indices to be useful predictors of future economic activity.

lkwd jj 14:49 GMT January 5, 2011
gold

I would be a seller on a break of that level. use a chart and size it up.

HK Kevin 14:47 GMT January 5, 2011
commodities

Caribbean! Rafe... 17:21 GMT January 4, 2011
commodities: Reply
HK Kevin 17:09 GMT January 4, 2011
CHF trend is down but the trick to it is to add to shorts watch 9581 entry for target 9236.
again i am on the sidelines, just watching to see what the model points come out as.

Hi Rafe! USD/CHF above 0.9581 today, much faster than expected and a reversal in the weekly chart. What's your view?

tokyo rana 14:46 GMT January 5, 2011
1.2777ZEUS

Sell EURUSD
Entry: 1.3777 Target: 1.2777/1.7777Zeus Stop: 200pips

leaving orders when ever seen....happy day

tokyo rana 14:44 GMT January 5, 2011
1.2777ZEUS

i canceled all stops...selling usd$ with out stops but very position very small.......

singapore sara 14:43 GMT January 5, 2011
gold

so buy or sell gold?

London SMS 14:42 GMT January 5, 2011
Adding to gold long

Stopped out @ 1365 minus $20

tokyo rana 14:42 GMT January 5, 2011
1.2777ZEUS

Buy EURUSD
Entry: 1.3145 Target: open Stop: 50pips

long...........short usd$ against euro aud and jpy untill monday..............happy day

lkwd jj 14:36 GMT January 5, 2011
gold
Reply   
watch the 1360 level. todays first day its trading below 50 ma in a while and looking weak.

lkwd jj 14:33 GMT January 5, 2011
silver
Reply   
shorted silver @ 2940 in am. looking good so far.

Richland QC Mailman 14:32 GMT January 5, 2011
Trade Ideas

Bought 2 lots 1.3140.

lkwd jj 14:29 GMT January 5, 2011
1.2777ZEUS

happy and healthy friend !!!

Lahore FM 14:28 GMT January 5, 2011
Trade Ideas

Buy EURJPY
Entry: Target: Stop:

missed secondary long order eurjpy 108.50 by 2 pips but 109.04 long is okay too.

GVI Forex Jay 14:26 GMT January 5, 2011
Tech Talk



USD/JPY broke its tight daily trendline (82.46). Little on the upside between 83.-84 so focus will be on closes vs

83.03 = 20 day mva (red line)
83.19 = 100 day mva (green line)

High so far 83.23

USA ZEUS 14:24 GMT January 5, 2011
1.2777ZEUS

Thanks guys. Glad to see all the fun happy characters here.

See y'all later when the stupid happy ledge trade hits the undeniable ultra magnetic strange attractor fulcrum at 1.277ZEUS

Happy Trades!

Lahore FM 14:24 GMT January 5, 2011
1.2777ZEUS

happy new year year Zues dear!

Lahore FM 14:22 GMT January 5, 2011
Trade Ideas

Buy EURUSD
Entry: 1.3150 Target: Stop: 1.3090 non rigid tentative only

long now on eurusd.

an interesting day all in all.

Lahore FM 14:21 GMT January 5, 2011
Trade Ideas

Sell AUDCAD
Entry: Target: Stop:

01/04/2011 07:01:36 FM Lahore 33

Sell AUDCAD
Entry: 1.0088 Target: Stop: 1.0110 for 2/3rds
Lahore FM 22:24 GMT January 3, 2011
Trade Ideas: Reply
Sell AUDCAD
Entry: 1.0088 Target: 0,94 Stop: 1.0180

sold.
--
closed 1/3rd at 1.0023.sl lowered for rest 2/3rd.
--
closed 2nd 1/3rd now 0.9950 sl lowered for last 1/3rd portion to 1.0050.

Hong Kong Qindex 14:20 GMT January 5, 2011
Heading Towards 1.3084
Reply   
Sell EURUSD
Entry: Target: Stop:

EUR/USD : The market is under pressure when it is trading below 1.3261. It is going to test the supporting strength of 1.3007 - 1.3140.

=============================================

Hong Kong Qindex 02:24 GMT January 1, 2011
EUR/USD and Its Crosses : Reply
Buy EURUSD
Entry: Target: Stop:

EUR/USD : The upside and downside target is 1.4078 and 1.2771 respectively. A resistant point is expected at 1.3751 and a supporting level is located at 1.3751. The odds are in favor of maintaining a long position when the market is trading above 1.3261.


Qindex.com

Lahore FM 14:19 GMT January 5, 2011
Trade Ideas

Buy USDJPY
Entry: 81.65 Target: Stop: 81.50 for 1/2

01/04/2011 07:03:29 FM Lahore 31

Buy USDJPY
Entry: 81.65 Target: Stop: 81.50 for half
Lahore FM 21:06 GMT January 3, 2011
Trade Ideas: Reply
Buy USDJPY
Entry: 81.65 Target: 84.50 Stop: 81.10

placed the orders.
--
closed half at 82.10 now.sl raised.
--
closed rest of it now at 83.21 for + 156.

to dr unken katt 14:16 GMT January 5, 2011
1.2777ZEUS

shouldnt u be somewhere out on the ledge with ur stupid happy trades?
what drux are you on? prozac?

tokyo rana 14:14 GMT January 5, 2011
1.2777ZEUS

welcome back my friend,happy trade 2011....

Blore RKG 14:13 GMT January 5, 2011
EUR/USD
Reply   
Stopped again. Not my day!!! Trying to catch a falling knife i guess!!

Richland QC Mailman 14:13 GMT January 5, 2011
1.2777ZEUS

Welcome back Zeus!

Well, I guess belief in any person/trader here depends on which trading bias one has. There are occasions where majority are behind your take on the market. Of course, the opposite is true too. Whichever is greater in number, I do not have the stats.

But one thing is for sure, your contributions here are valued.

to dr unken katt 14:06 GMT January 5, 2011
eurusd

thats a loser possie from the begginin , gold s down studies are pointin down 3113 is my limit and the TL

USA ZEUS 14:00 GMT January 5, 2011
1.2777ZEUS

tokyo ginko 13:50 GMT January 5, 2011

Thank you ginko. Best success to you in this happy new year.

See you later at EUR/USD 1.277ZEUS. I'm sure few believe me as usual.

Cheers!

tokyo ginko 13:50 GMT January 5, 2011
1.2777ZEUS

welcome back ZEUS

wishing you good trading year 2011!

USA ZEUS 13:47 GMT January 5, 2011
1.2777ZEUS
Reply   
Happy New Year folks!
Just a friendly reminder that 1.277ZEUS is coming.

Happy Day!

tallinn viies 13:46 GMT January 5, 2011
eurusd
Reply   
buying euros here at 1,3163 stop at 1,3113.

Chicago tt 13:44 GMT January 5, 2011
EUR/USD long

Why look to buy eurusd now? usd should stay bid into US employment on Friday.

Kaunas DP 13:42 GMT January 5, 2011
EUR/USD long

Kaunas DP 11:33 GMT January 5, 2011
EUR/USD long: Reply
Stooped at BE (1.3140).

Placed order to long at 1.3194 with 1.3162 SL for 1/2 standard pos.
_ _ _ _

ANOTHER 1/2 POS LONGED 1.3172, AVERAGE 1.3183,
SL 1.3133; TP OPEN

tokyo rana 13:42 GMT January 5, 2011
jpy
Reply   
Sell USDJPY
Entry: 83.05 Target: open Stop: later

sold....happy day,

GVI Forex Blog 13:32 GMT January 5, 2011 Reply   

Weak Commodity Prices Boosting USD CAD

GVI Forex john 13:25 GMT January 5, 2011
GVI Forex Trading Support

ADP data best since mid-2006.

GVI Forex john 13:23 GMT January 5, 2011
GVI Forex Trading Support

ECONOMIC DATA CHART
Entry: Target: Stop:

ADP data considerably stronger than expected...
Monthly jobs U.S.


Click on chart for more than 10-yr history

GVI Forex john 13:15 GMT January 5, 2011
GVI Forex Trading Support

-- ALERT --

December ADP Private Jobs: +297K

GVI Forex john 13:13 GMT January 5, 2011
GVI Forex Trading Support

EVENT @ 13:15 GMT
IMPACT = HIGH
U.S. ADP National Employment Report

The ADP National Private Employment Report is a measure of nonfarm private employment, based on aggregated and anonymous payroll data. The report attempts to provide additional timely and accurate estimates of short-term movements in the national labor markets ADP pays 1-in-6 private sector employees in the United States across a broad range of industries, firm sizes, and geographies.

The data (after revisions) tend to track the government data over time, although on any given month there can be significant discrepancies. The ADP report does not include government employees.

GVI Forex Blog 13:01 GMT January 5, 2011 Reply   
Dollar-Swiss has risen above 0.9500. However, it is not showing much upside momentum for the upmove to continue strongly further above 0.9500.

FX Thoughts for the day : 05-Jan--2011 - 1259 GMT

GVI Forex Blog 12:49 GMT January 5, 2011 Reply   
What a difference a day makes! At this time yesterday the EUR/USD was running buy stops in a failed attempt to expose 1.35. Today the downside is being tested as the market extends yesterday’s weaker close in a typical start of the year whipsaw.

EUR/USD Tests Downside

to dr unken katt 12:44 GMT January 5, 2011
Gold

ya wohl
there such an enhtusiasm when it comes to indices for 2012

GVI Forex Jay 12:29 GMT January 5, 2011
Tech Talk



12:30 GMT (Global-View.com) January 5 - What a difference a day makes! At this time yesterday the EUR/USD was running buy stops in a failed attempt to expose 1.35. Today the downside is being tested as the market extends yesterday’s weaker close in a typical start of the year whipsaw. The pair has performed technically with the break of 1.3251 (Monday’s low) exposing the pivotal 1.32 level (intra-day low 1.3210). As the accompanying daily chart shows, a close below the 20 day mva (1.3221 = red line) would leave a void until key levels in the 1.30s. In any case, the 1.3200 level is pivotal and limits the downside while intact while the pair trades soft (i.e. negative bias) while below 1.3250, creating the current stalemate. Above 1.3250 would cool the risk.

On the downside:

- 1.3221 = 20 day mva (focus on the close vs. this level)
- 1.3200 = 61.8% of 1.3056-1.3433
- 1.3189 = S1 and 1.3127 = S2 => see FX Chart Points
- 1.3088 = 200 day mva and daily trendline
- 1.3085 = Dec 29 low
- 1.3073 = Dec 27 low
- 1.3056 = key Dec 23 low

Feel free to comment.

Hamburg cc 12:26 GMT January 5, 2011
Gold

I think the game with long Gold is over for the time.

GVI Forex Blog 12:13 GMT January 5, 2011 Reply   
The dollar held firm on Wednesday, bolstered by further evidence that the U.S. economic recovery is becoming self-sustaining, though its gains against the euro were slowed by central bank demand for the single currency.

FOREX NEWS - Dollar boosted on data, sovereigns support euro

Richland QC Mailman 12:02 GMT January 5, 2011
Gold

Gold is like a mobile phone now whose battery is running out of power. Will not be surprised if it gets battered again before the week is over.

Blore RKG 11:59 GMT January 5, 2011
Trade Idea
Reply   
Buy EURUSD
Entry: 1.3190 (avg) Target: 1.3325 Stop: 1.3155

The move from today's high (1.3325) has overlaps so counts as an diagonal (5-15m charts). A correction should find resistance in the area of the prev 4th - so 1.3325.

Orders start from 1.3210 and upto 1.3180, giving average of 1.3190.

London hmk 11:59 GMT January 5, 2011
Currency Performance

sorry try http://www.censored.com/en/pages/default.aspx

London hmk 11:56 GMT January 5, 2011
Currency Performance

try www.censored.com

GVI Forex john 11:52 GMT January 5, 2011
GVI Forex Trading Support

UPDATED Global-View IMM (CME) Futures Swap Points. G-V Forex Spot to Futures Calculator (and back).

GVI Forex john 11:44 GMT January 5, 2011
GVI Forex Trading Support



Earlier: December EZ Service PMI revised higher, but still down vs. November...

to dr unken katt 11:37 GMT January 5, 2011
.
Reply   
support to watch for gold 1360

sofia kaprikorn 11:34 GMT January 5, 2011
Currency Performance
Reply   
Hello and Happy New Year to all the GVI members and posters!

...

May I pls ask if someone could suggest a site where I can find quarterly, half year, one year and YTD performance for different currency pairs including exotics like USD/SGD ot USD/ Indonesian Rupiah?

Kaunas DP 11:33 GMT January 5, 2011
EUR/USD long

Stooped at BE (1.3140).

Placed order to long at 1.3194 with 1.3162 SL for 1/2 standard pos.

Richland QC Mailman 11:25 GMT January 5, 2011
Gold

Hi Revdax. We are setting our sights on 1300-1290.

HK REVDAX 11:17 GMT January 5, 2011
Gold

Mailman//How low do u think gold would go down to? tks

Richland QC Mailman 11:15 GMT January 5, 2011
Gold

Sold it 1379. Stop 1385

Richland QC Mailman 11:11 GMT January 5, 2011
Gold

Just having a casual survey folks. Who among us here believes the rally of gold is finally over and we are seeing the beginning of its correction over the first few months of 2011 - perhaps 1330 at the minimum?

GVI Forex john 11:08 GMT January 5, 2011
GVI Forex Trading Support

Global-View Chart Gallery updated. A wide selection of updated forex, interest rate and equity charts.

Global-View Market Tracker updated. Twice daily survey and technical studies of a broad range of related markets.

HK REVDAX 11:08 GMT January 5, 2011
EURUSD~>1.26~>1.18->1

Time to buy Euro might be tomorrow...together with Aus$

GVI Forex Blog 11:03 GMT January 5, 2011 Reply   
Overall the USD maintained a steady/firm tone as the corrective action across the commodity complex and global equity markets continued for a second day. Dealers noted that risk aversion was evident.

TradeTheNews.com European Market Update:Major European PMI Services improve; Peripheral concerns continue to simmer

jerusalem kb 10:58 GMT January 5, 2011
SELL BREAK OF 1.3290

closed half with 50pips+

GVI Forex Blog 10:58 GMT January 5, 2011 Reply   
11:00 GMT (Global-View.com) January 5- January often is a very difficult month for trading, often, it seems because many players, institutions, etc., square up their positions at the end of the calendar year and then reenter positions simultaneously. With the global markets into new positions more or less simultaneously and roughly the same approximate level, liquidity suffers.

Daily GVI Forex Forex View- Theme: Economic Recovery

van Gecko 10:57 GMT January 5, 2011
EURUSD~>1.26~>1.18->1

EURO+EURGBP+GBP M/T SOB form intact for long distance marchers.. S/T, EURO 1.3250~1.3200 is buy zone for a potential SOB bounce to 1.35 prior to 1.26..
Have'pip New Year..


Blore RKG 10:57 GMT January 5, 2011
EUR/USD


Cut it at 1.3240 and removed the stop.

Will look at the charts afresh.

GVI Forex Blog 10:55 GMT January 5, 2011 Reply   
During this session, we will cover a simple set of rules that anyone can use for short and long term trading in the Forex market

Forexpros Daily Analysis - 05/01/2011

Haifa ac 10:50 GMT January 5, 2011
Denis Gartman Closes out his Aud positions

Syd 22:36 GMT January 4, 2011
Denis Gartman Closes out his Aud positions : Reply
Denis Gartman Closes out his Aud positions//
Syd, since you follow Gartman-- he used to think that the secret to the universe is embedded in the GSR (Gold Silver Ratio).
Do you happen to know if he is still an admirer of that ratio?

TIA

London SFH 09:48 GMT January 5, 2011
Gold
Reply   
Bulls caught flat-footed, slumping 2.3% yesterday, hurt by USD strength and increased risk appetite....last significant correction occurred from Dec 2009 to Feb 2010, a pullback of 15%.... trades at $1384.10 or (+5.30). Decline has taken out most of last week's gains to probe the 1372.05 region again. A clean loss there exposes 1350.30/1361.35, while back above 1400.35 defers.

Mumbai NS 09:42 GMT January 5, 2011
INR

jkt-aye///tks a lot mate

RKG///Sir have used this facility and u have mail cheers!

jkt-aye 09:36 GMT January 5, 2011
INR

NS...try member directory

Kal...tvm, gtgl

Saar KaL 09:34 GMT January 5, 2011
KaL's Trend and Level

eurchf
i do not like to short until 1.29 ...but seems ok

1.26247 1.21590

Mumbai NS 09:30 GMT January 5, 2011
INR

Jay////Can u please oblige by sharing email id of Blore RKG please as permissioned below or do i need to send mail

Blore RKG 09:27 GMT January 5, 2011
INR

Most glad to share my mail id. Pls ask Jay.

I am sorry i have moved to the west and have misplaced most of my contacts.

Saar KaL 09:23 GMT January 5, 2011
confused

i agree
Longing eurusd

1.35021 1.29864

Mumbai NS 09:22 GMT January 5, 2011
INR

RKG///Sir totally agree with u on inr but i still feel it is a sell near those lvls of 46.20..........Sir can i ask Jay for ur email

Saar KaL 09:21 GMT January 5, 2011
KaL's Trend and Level

usdcad shorts 1.01529 0.98563
eurgbp Longs 0.86879 0.84439

gbpjpy short 130.12686 123.83356

audcad Longs 1.03233 1.00008

Cambridge Joe 09:21 GMT January 5, 2011
KaL's Trend and Level

EXCELLENT !!
Cheers bro.... I look forward !

Kaunas DP 09:19 GMT January 5, 2011
EUR/USD long

Kaunas DP 08:43 GMT January 5, 2011
EUR/USD long: Reply
1.3240 buy; SL 1.3190; TP open
_ _ _ _

1.3272 closed 1/2 for +32

for rest SL at BE

jkt-aye 09:19 GMT January 5, 2011
confused
Reply   
eurusd ... unfinished business @ 1.3180 ?

Blore RKG 09:18 GMT January 5, 2011
INR
Reply   
Thanks NS & NSJ for the kind sentiments

On INR, looks like a move towards 45.00/45.10 now before a sharp move ina 5th.. wouldnt be surprised if we break 46.20.
Dont trade rupee anymore though!!!! Missing you all!!

Saar KaL 09:16 GMT January 5, 2011
KaL's Trend and Level

Hey Joe
emailed someone about the petrol deal
will let you know as soon as i get a reply bro

tokyo rana 09:10 GMT January 5, 2011
jpy
Reply   
Buy AUDUSD
Entry: 1.00 Target: open Stop: 0.9930

ithink eurusd will go to 1.35/1.38 gold 1450/75 audusd 1.02/1.05 than short short short.....but this is just guess...happy day

Cambridge Joe 09:05 GMT January 5, 2011
KaL's Trend and Level

KaL// Happy New year indeed !
glad to see you about.... thought you must still be winning those 'X' factor or battle of the bands !! LOL !
Thnks for the 'Heads-up' !

Saar KaL 09:05 GMT January 5, 2011
KaL's Trend and Level

gold a great Buy

1,437.76826 1,363.32017
===
silver another

32.04516 28.98730
====
dji a buy

11,902.32424 11,482.45686
===

Saar KaL 08:57 GMT January 5, 2011
KaL's Trend and Level

Happy New Year to all
and wishing this year will be a year for politicians to come their scenes and do things in a decent way.

USDCHF short
USDJPY Short
AUDUSD Long
tgt 300 pips each

Mumbai NSJ 08:55 GMT January 5, 2011
EUR/USD

hehe hthanks a lot sir ...welcome back to the blog

Mumbai NS 08:52 GMT January 5, 2011
EUR/USD

Tks Sir ......with loads of respect and regards CHEERS!

Blore RKG 08:48 GMT January 5, 2011
EUR/USD

Thanks very much NS. Wish you all the best.

Kaunas DP 08:43 GMT January 5, 2011
EUR/USD long
Reply   
1.3240 buy; SL 1.3190; TP open

Mumbai NS 08:43 GMT January 5, 2011
EUR/USD

Sir gr8 to see u back here wish u a Happy New Year

Blore RKG 08:33 GMT January 5, 2011
EUR/USD
Reply   

Entry: 1.3250 Target: 1.3350 Stop: 1.3225

Yday's top a 1.3443 looks more like an irregular B rather than a 5th - finding it tough to call it an ending diagonal. so going with a buy plan. Not too confident but have to start somewhere for the year!!!

Mumbai NSJ 08:28 GMT January 5, 2011
EUR looks like a buy here
Reply   
Buying EUR here with a stop at 40...hoping a quick 60 pip kind trade
Pinbar on half hour here .....

Lahore FM 08:24 GMT January 5, 2011
Trade Ideas

Buy EURUSD
Entry: Target: Stop:

01/04/2011 17:16:02 FM Lahore 6

Buy EURUSD
Entry: 1.3294 Target: Stop: sl raised to 1.3270
00
stopped on eurusd long for minus 24 though still quite skeptical of any larger selloff.will reentrer a long on rise above 1.3340/50 maybe even sooner.

Lahore FM 08:18 GMT January 5, 2011
Trade Ideas

Buy EURGBP
Entry: 0.8495 Target: Stop: 0.8455

entered a long.

Richmond Hills 08:15 GMT January 5, 2011
GBP
Reply   
Any news of GBP again? Suddenly spike up...because of EUR/GBP?

Syd 07:37 GMT January 5, 2011
Vinashin is in such deep trouble that it threatens the country's economy. Moody's, and Standard & Po
Reply   
Massively indebted Vietnamese shipbuilder misses payment
International investors are growing concerned about Vietnam's state-owned shipbuilding conglomerate Vinashin, which is on the verge of bankruptcy. Its failure would have dire consequences for one of the most dynamic south-east Asian economies. Vinashin is the flagship for the development model advocated by the current leadership of the Vietnamese Communist party.Vinashin is in such deep trouble that it threatens the country's economy. Moody's, and Standard & Poor's, have already downgraded Vietnam's overall credit rating.
http://www.guardian.co.uk/world/2011/jan/04/vietnam-financial-crisis

Syd 07:28 GMT January 5, 2011
Flood Impact to Weigh on RBA Meeting .
Reply   
SYDNEY, Australia—Widespread flooding in the Australian state of Queensland will likely weigh heavily on the thinking of the country's central bank when it decides next month whether to resume interest-rate increases that have helped push the country's currency to record highs, economists said Wednesday. LINK

Syd 06:43 GMT January 5, 2011
For Spain, Real-Estate Outlook Appears Bleak .
Reply   
Amid all the uncertainties facing European real estate in 2011, there is one abiding belief: Spain is headed for more pain.
LINK

Hong Kong 06:18 GMT January 5, 2011
EUR/USD Intra-day signal by AceTrader
Reply   
EURUSD
Entry: Target: Stop:

INTRA-DAY EUR/USD OUTLOOK

Last Update At 05 Jan 2011 05:27 GMT

Rate : 1.3285

Despite extending the selloff fm y'day's high
of 1.3435 to 1.3264 in Asia, current recovery sug-
gests sideways trading wud be seen until European
opening n abv 1.3298/00 may bring another bounce
twds 1.3325/31 res area b4 down.

Stand aside for now n look to sell on subsequent
recovery as 1.3349/51 wud cap upside.

Range Forecast
1.3264 / 1.3295

Resistance/Support
R: 1.3325/1.3351/1.3396
S: 1.3250/1.3224/1.3200

http://www.acetraderfx.com

NGN CFANFX 05:40 GMT January 5, 2011
buy entry EURUSD
Reply   
Buy EURUSD
Entry: 1.3265 Target: 1.3325 Stop: 1.3215

LET HOPE ALL IS WELL

Syd 04:45 GMT January 5, 2011
DJ Australian Central Bank Policy To Be Impacted By Queensland Flooding -Economists
Reply   
Australian Central Bank To Hold Rates At 4.75% In February -Survey Paul Bloxham, chief economist with HSBC Holdings Plc in Sydney, said a rate increase by the Reserve Bank of Australia in February was now out of the question after heavy rain in Queensland hit vital export industries like mining and agriculture. "If it was ever a consideration that February was on the table, it is certainly not now," said Bloxham, who most recently headed up the overseas economies and financial conditions sections within the RBA.


BOT May Hike Rate 50 Bps Next Week - Citigroup
The Bank of Thailand may raise its policy rate up to 50 bps next week, says Citigroup, adding higher-than-expected core CPI in December "practically assures another quarter point rate adjustment by the Monetary Policy Committee (MPC) when it meets Jan 12."

Syd 04:07 GMT January 5, 2011
Property tax aims to squeeze real estate bubble
Reply   
BEIJING - China may impose a property tax soon, to try and curb soaring property prices, China Business News reported on Tuesday. The newspaper cited an unidentified source who provided detailed information of the property tax.
"The tax will be from 0.8 percent to 20 percent of the market value of properties and be levied on people with multiple homes or oversize houses," the source said.
http://www.chinadaily.com.cn/cndy/2011-01/05/content_11794880.htm


House prices down 'nearly 40%'
House prices have plunged almost 40% since the peak of the boom, two property reports have revealed.
LINK

Ulster house prices ‘will keep falling into 2012’
LINK

GVI Forex Blog 03:43 GMT January 5, 2011 Reply   
The US equities opened on a weak note but covered most of their days losses yesterday.

Morning Briefing : 05-Jan-2011 -0336 GMT

Syd 03:40 GMT January 5, 2011
Moody's: Recent Pakistan Political Events Have No Immediate Ratings Impact
Reply   
Moody's: Prolonged Econ Weakness, Political Instablility Could Cause Pakistan Banking Crisis

MEL NK 03:34 GMT January 5, 2011
ONLINE SHOPPING
Reply   
Online retail is the way of the future
In fact, with Australian consumers being able to go online and purchase the same product overseas for anything between 20 and 50 per cent less than they can locally, it's clear that consumers here are much better off buying overseas, even if GST were added to the imported product.
Australian consumers being able to go online and purchase the same product overseas for anything between 20 and 50 per cent less than they can locally, it's clear that consumers here are much better off buying overseas, even if GST were added to the imported product.
There are greater challenges facing Australian retailers, especially smaller retailers, such as escalating rents in shopping centres and the increasing cost of doing business including higher interest rates and electricity costs.
Australian retailers should focus on the considerable value that online retailing has to offer. It allows retailers the ability to move part or all of their business online, thereby freeing themselves from the ever-growing rents charged by shopping centre landlords.

MELBOURNE NK 03:31 GMT January 5, 2011
RENTING
Reply   
Australia has some of the highest retail rents in the developed world, with a recent survey revealing that Australian CBD rents are second only to New York.

Syd 03:21 GMT January 5, 2011
Australian new home sales Report shows detached house sales fell by 1.1 per cent
Reply   
HIA chief economist Harley Dale said new home building conditions weakened considerably over the second half of 2010 and the November rate rise added ‘‘further salt to the wound’’. ‘‘New home building activity looks set to decline across all states and territories in 2011,’’ Dr Dale said.
‘‘The risk of a sharp contraction in new home building in 2011 is exacerbated by the negative impact on households and small businesses of increases in borrowing costs and by the persistent lack of available credit for small and medium-sized new home projects.’’
AAP

Hong Kong Qindex 03:10 GMT January 5, 2011
Gold : Critical Support 1372.4
Reply   
Gold
Entry: Target: Stop:

Gold : Critical Support 1372.4


The market is going to challenge the supporting strength of the weekly cycle normal limits which are positioning at 1286.2 - 1333.3 and 1372.4.


Qindex.com
=============================================

Hong Kong Qindex 15:22 GMT January 4, 2011
Gold : Critical Support 1380.6 : Reply
Gold
Entry: Target: Stop:

Hong Kong Qindex 07:23 GMT January 2, 2011
Gold : Critical Level 1400.6 : Reply
Gold
Entry: Target: Stop:

Gold : Critical Level 1400.6


Weekly Cycle Directional Indicator : 1380.6 - 1396.9 - 1400.6* - 1406.6 - 1414.4 - 1415.8 - 1423.9* - 1426.4 - 1427.1* - 1427.6 - 1427.9* - 1481.8



Significant Levels : (1400.6 - 1423.9 - 1427.1 - 1427.9)



Remarks : The market is under pressure when it is below 1400.6* and speculative selling pressure will increase when the market is trading below 1380.6.


Qindex.com

Syd 03:08 GMT January 5, 2011
Anxious times for Queensland agriculture
Reply   
Anxious times for Queensland agriculture
Some of Queenslands largest meatworks may face big challenges re-opening this New Year.
http://www.abc.net.au/rural/news/content/201101
/s3106790.htm

GVI Forex Blog 02:46 GMT January 5, 2011 Reply   
*(CH) CHINA DEC HSBC SERVICES PMI: 53.1 V 53.1 PRIOR

*(CH) CHINA DEC HSBC SERVICES PMI: 53.1 V 53.1 PRIOR

Syd 02:41 GMT January 5, 2011
Deep Gold Correction Not Ruled Out - Triland
Reply   
Spot gold is at $1,379/oz, down $2.30 after slumping 2.3% Tuesday, hurt by the USD's strength and increased risk appetite attracting money to equity markets. The last time gold saw a significant correction was the December 2009 to February 2010 peak-to-trough pullback of 15%. However, that does not rule out the possibility (of more downside), says Triland. "The surprise move would be for this downward move to continue another $100 or $200. Surprise moves often happen." Gold corrected 34% from March to October 2008 and 25% from May to June 2006, without derailing the bull market that is now stretching into its eleventh year

Hong Kong 01:59 GMT January 5, 2011
AUD/USD Intra-day signal by AceTrader
Reply   
AUDUSD
Entry: Target: Stop:

INTRADAY TRADING SIGNAL BY ACETRADER.COM: AUD/USD

AUD/USD : 1.0036

Last Update At 05 Jan 2011 01:21 GMT

Despite aud's recovery after y'day's selloff to
1.0028, as price has retreated again after meeting
renewed selling at 1.0076, suggesting consolidation
with downside bias remains for fall fm 1.0257 to
extend weakness to 1.0010 but 0.9987 shud hold.

Sell again on pullback with stop as indicated,
break wud prolong choppy trading n risk 1.0106.

Range Forecast
1.0010 / 1.0050

Resistance/Support
R: 1.0076/1.0106/1.0123
S: 1.0010/0.9987/0.9950

http://www.acetraderfx.com

GVI Forex Blog 01:31 GMT January 5, 2011 Reply   
CH) Shanghai 2010 FDI: 15.1% v 4.5% y/y - Chinese Press

CH) Shanghai 2010 FDI: 15.1% v 4.5% y/y -

Syd 01:30 GMT January 5, 2011
Strong AUD/USD sell orders stand at 1.0100 Singapore dealer
Reply   
Strong AUD/USD sell orders stand at 1.0100, says Singapore dealer; adds there's strong USD buying interest against EUR and AUD in interbank trading this morning. AUD/USD last 1.0043.

GVI Forex Blog 01:21 GMT January 5, 2011 Reply   
US Dollar vs Chinese Yuan (CH) PBoC sets yuan mid point at 6.6295 v 6.6088 prior close - Prior setting 6.6215

USD/CNY] US Dollar vs Chinese Yuan

GVI Forex Blog 01:03 GMT January 5, 2011 Reply   
AU) AUSTRALIA NOV HIA NEW HOME SALES M/M: -0.2% V 2.4% PRIOR

AU) AUSTRALIA NOV HIA NEW HOME SALES

Syd 00:50 GMT January 5, 2011
AUD a Sell
Reply   
Australia’s wheat and coal industries are being hurt “by the Old Testament-like floods,” and investors should sell the Australian dollar against the euro, Suffolk, Virginia-based economist Dennis Gartman said in his daily newsletter yesterday.

http://www.bloomberg.com/news/2011-01-04/rba-s-mcgauchie-says-queensland-flooding-may-seriously-impact-on-economy.html

Syd 00:46 GMT January 5, 2011
RBA’s McGauchie Says Flood Impact May Be Significant
Reply   
The worst flooding in half a century in Australia’s northern state of Queensland may have a “significant impact” on the nation’s economy as exports are interrupted, said central bank board member Donald McGauchie.
http://www.businessweek.com/news/2011-01-04/rba-s-mcgauchie-says-flood-impact-may-be-significant.html

Hong Kong 00:44 GMT January 5, 2011
Daily FX Market Outlook by AceTrader-5-1-2011
Reply   
Market Review - 04/01/2011 21:21 GMT

Dollar rises on upbeat US economic data

The dollar recovered from 3-week low against euro on Tuesday as robust U.S. economic data suggested the U.S. economy was gaining strength and bolstered the greenback's appeal. US factory orders unexpectedly rose by 0.7% in November versus the forecast of decrease of 0.1%. Durable goods excluding transportation also recorded their largest gain in eight months and came in at 3.6%.

The greenback rose sharply against the Japanese yen from Tokyo low of 81.61 to 82.28 in early European trading on heavy unwinding of recent long yen positions. Although the pair stage a pullback to around 81.68 in NY session, the pair rebounded and edged up in late NY trade.

In other news, FOMC meeting minutes showed Fed officials still expected gradual pickup in economic growth and slow job gains. While outlook was seen improving, it was not enough to warrant adjustments to $ 600 billion bond buying program. FOMC participants also anticipated inflation would remain below levels consistent with mandate for some time. Prices of some commodities and goods have risen but businesses mostly were unable to pass such increases on to customers. Fed staff revised up near term GDP increase but medium term outlook was little changed.

The single currency weakened to 1.3324 ahead of European opening on talk of euro-selling in related to German and Austrian bond redemptions/coupon, however, euro staged an intra-day rally to a 3-week high 1.3435 on buying by Asian central banks. The single currency later retreated sharply from there and tumbled to 1.3292 in NY session after the release of a series of upbeat U.S. economic indicators.

On economic front, German unemployment in December unexpectedly rose for the 1st time since June 09' (actual unemployment change was +3k vs forecast of -15k) as the coldest weather in more than 40 years led companies to lay off staff.

Despite sideways movement in Asia, the British pound jumped in London trading on early buying by Asian central bank near 1.5480/90, such action triggered intra-day short-covering and sent cable sharply higher and the release of stronger-than-expected U.K. Dec Manufacturing PMI (actual 58.3 vs forecast of 57.0), the highest index in 16 years, pushed the pound to as high as 1.5646 before easing.

Economic indicators to be released on Wednesday include:

Germany Services PMI, EU Service PMI and PPI and Industrial orders, U.K. Construction PMI, U.S. ADP employment and ISM Non-manufacturing.

Market would focus on Portugal's sales of 6-month Treasury bills on Wednesday.

http://www.acetraderfx.com

GVI Forex Blog 00:33 GMT January 5, 2011 Reply   
BOK raised 7-day repo rate to 2.50% against consensus forecast of a hold on Nov 15th.

(KS) According to Bank of Korea (BOK) November meeting minutes, the decision to raise interest rates by 25bps was unanimous - Korean press

Livingston nh 00:11 GMT January 5, 2011
Eurasia Group Warns Of Global Tension In 'Era Of G-Zero'

Mr' Bremmer may find out size matters -- another guy that thinx "it's different this time"

 




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