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Forex Forum Archive for 01/06/2011

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GVI Forex Blog 23:56 GMT January 6, 2011 Reply   
EUR tumbles below $1.30 PBoC talks up monetary tightening All EUR and GBP Tight JPY range

Forex Market Commentary and Analysis (6 January 2011)

GVI Forex Jay 23:47 GMT January 6, 2011
Tech Talk



Check out the 5 minute eur/usd chart and how the gentle sloping line has been capping the upside. I did not post it earlier due to the gentle slope of the line but it worked just before against the 1.3007 high and something to keep an eye on.

dc CB 22:57 GMT January 6, 2011
What's the buzz?

Mtl JP 20:01 GMT January 6, 2011
: Reply
CB - more candy: WASHINGTON—

The other little twist that non of the financial press talks about. The Private bank - the Fed- when it buys back auctioned Treasury instruments with "printed money" get to collect the interest on those Bills, Notes, Bonds etc....all payed of course by the US taxpayer - interest on the debt, as it's commonly known.
Low rates, but were talking interest on $Blns of debt.

Nice n easy to pull off, as they are, when you've got all the pols cloggiing up the newswires/airwaves with red-herrings---ie reducing Gov'ment spending........just keep yelling really loud at each other and no one will have a clue what is really going on.

Tallinn viies 22:35 GMT January 6, 2011
eurusd
Reply   
everything from 1,2980 to 1,2930 seems to be good buying area for euro. as during the friday euro will come back to 1,3150

Chicago sc 22:31 GMT January 6, 2011
What's the buzz?

EURUSD 1.3000 finally taken out. Not sure why we had to wait for the N.Y. close to take it out. You never know some times. EUR just looks lousy.

USA ZEUS 22:28 GMT January 6, 2011
eur 1.3 busted....

tokyo ginko 18:33 GMT January 6, 2011
eur 1.3 busted....: Reply
where is Zeus..?
________________________________________________________

I am with you friend.
May the power of 1.2777ZEUS serve you well.

Cheers!

jerusalem kb 22:28 GMT January 6, 2011
audnzd

delete order

GVI Forex Blog 22:20 GMT January 6, 2011 Reply   
Canada's dollar dipped slightly against its U.S. counterpart on Thursday, weighed by soft North American data and retreating commodity prices.

FOREX - CANADA FX DEBT-C$ slips on soft data ahead of jobs reports

Syd 22:14 GMT January 6, 2011
Rising rates on deposits will pinch Indian banks .
Reply   
Having spent much of last year holding deposit rates down, India's banks are about to start paying.
LINK
A Chinese Stealth Challenge? .
LINK
Sell AUD/CAD At Current Levels - BBH
Brown Brothers Harriman is recommending selling AUD/CAD at current levels with a stop loss order at 1.007. AUD/CAD is trading around 0.9917. "This trade was stopped out over the holiday season but we still feel the fundamentals remains supportive," it says. "The Canadian economy, for instance, is poised for further expansion in 2011 and is a proxy for growth in the US," BBH says. "In addition, accommodative Fed policy and a strengthening economic base should support Canadian exports and therefore growth," it says Sell the AUD/CAD at current levels with a stop at 1.007 on improving outlook for Canadian growth, says BBH strategist Marc Chandler. "Over the coming weeks, we expect to see AUD/CAD test December's lows of 0.9738, where a convincing break would lead to a test of the 50% retracement of the June move to 0.9400."

Most Munis Can Handle Difficult Markets -Moody's

Belgium's debt-to-gross-domestic-product ratio is 100%, behind only Greece and Italy in the euro zone, it has so far encountered no problems issuing new debt
Belgian Mediator Resigns

CAD Looking More Interesting On The Crosses - CIBC
CAD has been fairly strong vs USD recently, but trading ranges in the pair could be constrained, suggesting there's more potential for gain in cross trading against non-US currencies, says Jeremy Stretch, head of currency strategy at CIBC World Markets in London. EUR/CAD, which has dipped to its lowest level in six months today, will likely remain under pressure because of the structural concerns plaguing Europe, Stretch says. AUD could reverse course vs its Northern cousin after outpacing it in the last 12 months as China's growth story looks less robust and the RBA nears the end of its tightening program while the BOC has more tightening to do, he adds.

China PBOC: To Give Higher Priority To Curbing Inflation
China's central bank will give a higher priority to curbing inflation in 2011, the People's Bank of China said Thursday, boosting expectations that it will adopt more tightening measures, such as raising interest rates.
link

Companies Should Borrow While They Can .
risk of rising government bond yields and a possible resurgence of the sovereign debt crisis means these borrower-friendly times may not last.
LINK
Europe unveils sweeping plans to govern reckless banks
Brussels has called for sweeping powers for regulators to seize failing EU banks, sack board members, and impose haircuts on senior bank debt, aiming to ensure that taxpayers are never again held hostage by high finance
LINK

GVI Forex john 21:39 GMT January 6, 2011
GVI Forex Trading Support

GVI CHART POINTS
Entry: Target: Stop:

Trading Resources...



GVI Forex john 21:22 GMT January 6, 2011
GVI Forex Trading Support

Note EURUSD pivot support level 1 is a nice even number= 1.2950 (1.2951).

GVI Forex john 21:19 GMT January 6, 2011
GVI Forex Trading Support

USD PIVOT POINTS
Entry: Target: Stop:

Pivots	EURUSD	USDJPY	USDCHF	GBPUSD	USDCAD	AUDUSD	NZDUSD
Res 3	1.3295	83.99	0.9798	1.5648	1.0069	1.0069	0.7644
Res 2	1.3233	83.69	0.9752	1.5604	1.0031	1.0042	0.7624
Res 1	1.3123	83.49	0.9702	1.5537	0.9997	0.9989	0.7596

Pivot	1.3061	83.19	0.9656	1.5493	0.9959	0.9962	0.7576

Sup 1	1.2951	82.99	0.9606	1.5426	0.9925	0.9909	0.7548
Sup 2	1.2889	82.69	0.9560	1.5382	0.9887	0.9882	0.7528
Sup 3	1.2779	82.49	0.9510	1.5315	0.9853	0.9829	0.7500

GVI Forex john 21:15 GMT January 6, 2011
GVI Forex Trading Support

USD MOVING AVERAGES
Entry: Target: Stop:

Latest	EURUSD	USDJPY	USDCHF	GBPUSD	USDCAD	AUDUSD	NZDUSD
Last	1.3014	83.29	0.9651	1.5469	0.9963	0.9937	0.7569
High	1.3170	83.39	0.9707	1.5561	0.9993	1.0014	0.7603
Low	1.2998	82.89	0.9611	1.5450	0.9921	0.9934	0.7555
Change	-0.0135	0.01	-0.0009	-0.0038	0.0001	-0.0052	-0.0004


MVA	EURUSD	USDJPY	USDCHF	GBPUSD	USDCAD	AUDUSD	NZDUSD
5 day	1.3236	82.30	0.9495	1.5528	0.9961	1.0071	0.7667
10 day	1.3224	82.14	0.9477	1.5477	0.9986	1.0097	0.7648
20 day	1.3208	82.87	0.9551	1.5515	1.0044	1.0025	0.7544
50 day	1.3406	82.85	0.9735	1.5743	1.0086	0.9932	0.7618
100 day	1.3390	83.11	0.9825	1.5711	1.0196	0.9712	0.7480
200 day	1.3084	86.62	1.0350	1.5413	1.0260	0.9278	0.7269

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

Dubai SAS 20:54 GMT January 6, 2011
Trade Ideas

just a gut feeling that eurgbp might bounce of this support due to the start british weakness more than the euro strength ... lets see how it unfolds ... thanks for your view and GL

Auck JTM 20:53 GMT January 6, 2011
Latest From John Taylor at FX Concepts on the Aud & Kiwi
Reply   
http://www.fx-concepts.com/private_client/attachments/9561909.pdf


GVI Forex john 20:51 GMT January 6, 2011
GVI Forex Trading Support

FX DATABASE
Entry: Target: Stop:

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.

Lahore FM 20:49 GMT January 6, 2011
Trade Ideas

SAS
i had a long stopped at 0.8455 today.taken up at 0.8490.now will get bullish only we are above 0.8490 where daily bullish picture reinstates in my humble view.

Dubai SAS 20:47 GMT January 6, 2011
Trade Ideas

FM - Eurgbp @ a good support .. do u have a bias on this ? being thinking about going long the last few hours ..

Dubai SAS 20:45 GMT January 6, 2011
Working Orders
Reply   
Buy eurusd @ 1.2975 stops 12920
Buy audusd @ 9905 stops 9840
sell usdchf @ 9740 stops 9785

Lahore FM 20:39 GMT January 6, 2011
Trade Ideas

tt,a bet that upside is not yet all done.

can be wrong too but i am sticking to it.

Chicago sc 20:38 GMT January 6, 2011
What's the buzz?

Somebody protecting 1.3000 level? Not very aggressive.

Chicago tt 20:36 GMT January 6, 2011
Trade Ideas

FM is that a bet that 1.30 will hold as technicals broke out to downside today.

GVI Forex john 20:34 GMT January 6, 2011
GVI Forex Trading Support

CALENDAR ITEM PREVIEW
Entry: Target: Stop:

Friday @ 14:30 GMT- Fed Chmn Bernanke testifies on the economic outlook before the Senate Budget Committee.

Lahore FM 20:22 GMT January 6, 2011
Trade Ideas

Buy EURUSD
Entry: 1.3013 Target: 1.3270 for 1/2 Stop: 1.2920

went long.

GVI Forex Blog 20:04 GMT January 6, 2011 Reply   
Today the EU Commission published a communication today which technically was a consultation on technical details contained in the October 20, 2010 Communication on a management framework for the financial sector.

European Commission Communication or Consultation on Crisis management Framework Causes Stir

Mtl JP 20:01 GMT January 6, 2011


CB - more candy: WASHINGTON—The Treasury will sell $145 billion in bills, notes and bonds next week. -
wsj
-
US econy running at ±14 trillion. US treasury generating ±2 trillion from taxes. US govt debt at ±14 trillion, growing by $4 billion (4 thousand million) every day.
By 2015, ceteris paribus, debt will be at 15 trillion.
Currently players are willing to lend $100 for 10years to the Us Treasury for $3.5 dollars per year.

Chicago sc 19:57 GMT January 6, 2011
What's the buzz?

should have said sometime AGAIN soon.

Chicago sc 19:55 GMT January 6, 2011
What's the buzz?

EURUSD lacking resilience.
Looks to be like it wants to test 1.3000 sometime soon.

dc CB 19:40 GMT January 6, 2011
What's the buzz?

from ZeroHedge (beause no one else in the Financial Press bothers to look). Breakdown of today's POMO.

"what is shocking is the brazen arrogance of the Primary Dealers to flip what is pretty much an asston of the just issued 5 Year PM6 5 Year, which was auctioned off a week ago, and of which the primary dealers are flipping like deranged homeowners at the top of the housing bubble, without even a pretense of keeping the bond for at least a week or two! This is the purest definition of monetization: of today's $6.8 billion POMO, more than half, or $3.5 billion consisted merely of flipping precisely this CUSIP. "

http://www.zerohedge.com/article/pomo-over-primary-dealers-dump-just-issued-december-28-5-year-ust-en-masse

jerusalem kb 19:31 GMT January 6, 2011
gold daily MACD bearish divergence
Reply   


Gold
Entry: Target: Stop:

break of 1361.58 (daily close below trend line ) may target 1.327 continuation may target 1267 all based on a daily close below 1362 otherwise it may go up as long as this level holds.
planning to make money on gold either a buy or sell

Cambridge Joe 19:25 GMT January 6, 2011
Canadian Employment data

TORONTO RN 18:46 GMT January 6, 2011
Canadian Employment data: Reply
Never mind. I was looking at the wrong calendar. Sorry

Toronto... thanks so much.
I just hate it when that happens...... to me. LOL !

jerusalem kb 19:12 GMT January 6, 2011
sell gbpusd



Sell GBPUSD
Entry: Target: Stop:

need a h4 close below this support line

jerusalem kb 19:09 GMT January 6, 2011
sell gbpusd



it closed above support again :(

Livingston nh 18:57 GMT January 6, 2011
What's the buzz?

The Fed is working against the Treasury attempt to lengthen maturity -- Ben's either smarter than all of us or dumber than dirt

Caribbean! Rafe... 18:49 GMT January 6, 2011
eur 1.3 busted....

Chicago tt 18:39 GMT January 6, 2011

Please look at the daily charts instead of lower time frames. We broke past daily support and need to test and break the second layer for a sustained downward movement.

gl gt

TORONTO RN 18:46 GMT January 6, 2011
Canadian Employment data
Reply   
Never mind. I was looking at the wrong calendar. Sorry

TORONTO RN 18:45 GMT January 6, 2011
Canadian Employment data

I checked the calendar and couldn't see tomorrow's data releases. Hence the question. What am I doing wrong?

jerusalem kb 18:42 GMT January 6, 2011
sell gbpusd



Sell GBPUSD
Entry: Target: Stop:

Sell GBPUSD
Entry: 1.5510 Target: 1.3355 Stop: 1.5585
-------------------------------------------------
position update.

First target now at 1.5370 and t2 1.5240
good luck

GVI Forex Jay 18:41 GMT January 6, 2011
Canadian Employment data

RN, please don't take this the wrong way but we have an Economic Calendar and a link in our left forum sidebar

Chicago tt 18:39 GMT January 6, 2011
eur 1.3 busted....

There appears to be someone protecting the 1.30 area. I have no info on it and only charts

TORONTO RN 18:39 GMT January 6, 2011
Canadian Employment data
Reply   
Do we have Canadian employment numbers out tomorrow as well?

atlanta blahblah 18:33 GMT January 6, 2011
What's the buzz?

why is believing in ben bernake dumb? im not sure how to feel about current fed policy, but i think there is a side to the current fed policies that doesnt get discussed in the media.


tokyo ginko 18:33 GMT January 6, 2011
eur 1.3 busted....
Reply   
where is Zeus..?

dc CB 18:30 GMT January 6, 2011
What's the buzz?

HERE YOU SEE THE IDIOTS --Longer term is at record lows

But QE2 isn't buying BACK the long end...they can only successfully auction off what they've announced that they'll buy back. In some cases, in as little as a month or two. PONZI

jerusalem kb 18:21 GMT January 6, 2011
euraud
Reply   


Sell EURAUD
Entry: 1.3101 Target: 1.2640 Stop: 1.3210

placed a sell pending order for 1.2640

Livingston nh 18:16 GMT January 6, 2011
What's the buzz?

HERE YOU SEE THE IDIOTS --Longer term is at record lows --these guys are dumb as dirt - part of the problem is the BEN believers

dc CB 18:12 GMT January 6, 2011
What's the buzz?

Auctions up

$32 bln in 3s, $21 bln in 10s, and $13 bln in 30s will be sold next week (re-open of 10s and 30s).

Caribbean! Rafe... 18:12 GMT January 6, 2011
Humor?

dc CB 17:59 GMT January 6, 2011

With a banker in the room with the president at all times, there will be a war declared against currency markets and all freely traded instruments which caused this imbroglio, but then you see he only has a few more years to go in his presidency because the minute he starts opposing this line of work they will kick him out of his office in a few ticks rather than minutes.

He better "Go with the Flow"...

dc CB 17:59 GMT January 6, 2011
Humor?

last one, then I'll drop it.

with Rep. Ron-Audit the Fed- Paul as Chairman of the House Subcommittee for Domestic Monetary Policy. One would think that having a "banker" in the room with the President - at all times, would be a prudent course of action. Just to prevent any rash action.

jerusalem kb 17:56 GMT January 6, 2011
SELL BREAK OF 1.3290



eurusd breaks below daily trend line which holds since 10-9-2010 , break of 1.2965 may target 1.2673

Chicago tt 17:49 GMT January 6, 2011
eurusd

It would have to get through 1.3033 to see 1.3050 again

Livingston nh 17:46 GMT January 6, 2011
Humor?

As a resident of a state with some County similarities to Chicago let me say a kind word for BOSS control - Chicago didn't have a snow removal problem under Richard I (see Bllomberg NYC or Byrne Chicago) -- democracy is overblown as an effective form of gov't -- hopefully, I suggest the democracy of Union members voting for favorable candidates may be overcome by BOSS type action ( Fire those Air Traffic Controllers or maybe TEACHERS that strike)

There needs to be an Adult in charge

Lahore FM 17:45 GMT January 6, 2011
Trade Ideas

Buy USDJPY
Entry: 82.60 long order Target: 87.10/89.00 Stop: 81.60

placed orders which will work through nfp too if not filled till then

dc CB 17:44 GMT January 6, 2011
Humor?

well Goldman had it's run...Treasury Secy, CFTC....etc. Now it's JPM's turn with a Chief of Staff - the daily briefing. Expecting any prosecutions from the Justice Dept against anyone re: the Financial Disaster of 08. Think again. Expecting retroactive "laws" introduced and passed to .....you got it.

Lahore FM 17:43 GMT January 6, 2011
Trade Ideas

Buy USDJPY
Entry: Target: Stop:

i closed out longs from 81.65 yesterday at 83.20 and it hasn't come down much since.

day chart here has turned higher too.next we are headed towards 87 to 89 region.

would try to get on board before next push comes.

San Diego LC 17:35 GMT January 6, 2011
Humor?

cmon cb, Chicago has long been the most outstanding example in American history of PARTICIPATORY democracy! Even the DEAD people voted in Chicago under King Richard I...(er, all for him, of course! ha!)

Richland QC Mailman 17:23 GMT January 6, 2011
Humor?

That is truly "Yes We Can America". Hope and Change - during the campaign only of course... Plain politics.

dc CB 17:20 GMT January 6, 2011
Humor?
Reply   
just saw this post:

Obama names member of Daley crime family chief of staff.

JP Morgan vice chairman Bill Daley (strike one!), brother of Chicago mayor Richard M. Daley (strike two!) and son of late Chicago mayor Richard J Daley (strike three!) has been named White House chief of staff by President Obama. Hope and change!

Richland QC Mailman 17:18 GMT January 6, 2011
Aussie Seating on S1

HI Rafe. Thanks for the inputs. Will take note of that. Meanwhile could not resist to buy gbp again 1.5480 stop 1.5460.

dc CB 17:14 GMT January 6, 2011
Aussie Seating on S1

The most positive mover is the Canadian

Caribbean! Rafe... 17:13 GMT January 6, 2011
Aussie Seating on S1

Richland QC Mailman 17:09 GMT January 6, 2011

If you like you can sell AUD on spikes to 10113//9978 targeting 9843.

There is still some time left and room to fit in 1 more person.

Richland QC Mailman 17:09 GMT January 6, 2011
Aussie Seating on S1

Ok folks. Good to have closed all aussie and gbp longs with some meager gains.

Dubai SAS 17:06 GMT January 6, 2011
yeah i have that precise level @ 0.9900 with coincides with the 50% retrace of 9540 - 10265 move with the 50 - 55 day on the daily's just above it around 9920 ...

dc CB 17:06 GMT January 6, 2011
What's the buzz?

Perhaps the POMO money is being used to get yields LOWER...how they do that I don't know. But after the drubbing the bond market and the Fed's portfolio took yesterday...when you consider that the Fed, the largest unregulated and totally opaque Hedge Fund on the planet, just handed its Primary Dealers nearly $7bln this past hour.
_______________________________________________________
Permanent Open Market Operations: The Fed purchased $6.78 bln of 2015/2016 maturities through Permanent Open Market Operations as dealers looked to put back $18.56 bln.

Tomorrow's buying will take place in 2013/2014 maturities with the Fed buying $6-$8 bln worth.

GVI Forex Blog 17:01 GMT January 6, 2011 Reply   
AUD/USD (a daily chart of which is shown) as of Thursday (1/06/2011) has reached down to approach the bottom border of a key parallel uptrend channel that extends back to the early June 2010 lows.

AUD/USD Drops to Trendline Support

Chicago tt 16:48 GMT January 6, 2011
What's the buzz?

There appears to be a bid a l.3005 (1.30 protection??)

kl fs 16:47 GMT January 6, 2011
What's the buzz?

agree with Mailman completely, sell usd and make money! only sell

nyc ws 16:39 GMT January 6, 2011
eurusd

It seems there have been buyers here all week to try and catch a bottom as the knife continued to fall. 1.30 should hold before the data tomorrow but then again 1.3050 should have held also. I only look to sell.

Chicago sc 16:33 GMT January 6, 2011
Tech Talk

If we get there, would sub-1.30 be a good level to fade the EURUSD slide (buy EURUSD)? I'm thinking 1.2993 to 1.2998 with a stop below 1.2980?

lkwd jj 16:33 GMT January 6, 2011
metals
Reply   
range expansion on downside had no follow thru. stops hunted and hit now gold bounced 6 bucks and silver 15 cents.

tallinn viies 16:31 GMT January 6, 2011
eurusd
Reply   
buying here at 1,3010 not bad idea I guess. stop under 1,2960. just for tday

GVI Forex Blog 16:30 GMT January 6, 2011 Reply   
After the dollar strengthened gradually during the European session, with EUR/USD probing toward the pivotal 1.3060 area, the dollar came off its best levels after the weekly jobless claims. European peripheral spreads remained stubbornly wider in the session

TradeTheNews.com US Market Update

Richland QC Mailman 16:30 GMT January 6, 2011
What's the buzz?

The buzz now is to SELL the greenback and buy aussie, gbp and euro.

Caribbean! Rafe... 16:29 GMT January 6, 2011
False Breakouts.
Reply   
This week we had false breakouts on many pairs on the 1 hour charts where the pairs jumped past their respective support and respective levels then went back down to breach the very same levels that they breached and are now trading below their levels and that caught many off guard, that is what I meant by my real money positioning comment earlier in the week.

London ex 16:23 GMT January 6, 2011
What's the buzz?

You just can't stand in front of a liquidating market. Looks like stops are coming out of the woodwork.

Richland QC Mailman 16:22 GMT January 6, 2011
Aussie Seating on S1

A couple of aussies more above 9940.

GVI Forex john 16:08 GMT January 6, 2011
What's the buzz?

WHAT'S THE BUZZ?
Entry: Target: Stop:

- Markets pricing in a strong jobs number ahead of the report tomorrow.

- Lots of room for disappointment now Friday morning in NYC.

- Tale of the EUR being told not only in EURUSD but in its crosses. The EUR is relatively weak against everything.

- The Commodity Currencies (AUD, CAD NZD) are broadly weaker vs. USD.

- Gold, Silver and crude are weaker. Still a lot of analyst chatter about crude above $100 this year. That remains to be seen.

- Yield on 10-yr 3.42% -4bp, but Tuesday close was only 3.32%. Equities are weaker on the higher LEVEL of U.S. interest rates. Higher interest rates are broadly USD supportive.

Dubai SAS 16:01 GMT January 6, 2011
Buy Euro

Dubai SAS 14:49 GMT January 6, 2011
Buy EURUSD
Entry: 1.3112 Target: Open Stop: 1.3040
Long Now ...

Stopped @ 1.3040 -72
stopped on the smaller one from 1.3070 @ 1.03040 -30

HK Kevin 15:59 GMT January 6, 2011
EUR/USD

HK Kevin 15:37 GMT January 6, 2011
EUR/USD: Reply
I just try small long at 1.3063 with stop at 1.3031. Got kick out of the game while I was enoying the bath. Re-enter at 1.3036, s/l at 1.3001. Keep position very tiny.

Richland QC Mailman 15:58 GMT January 6, 2011
Aussie Seating on S1

SL adjusted 9930. small gbp now 1.5475

GVI Forex Blog 15:53 GMT January 6, 2011 Reply   
January 6 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, January 7:

GVI Forex- Data Outlook for Jan 7, 2011

GVI Forex john 15:47 GMT January 6, 2011
GVI Forex Trading Support

CALENDAR
Entry: Target: Stop:

January 6 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, January 7:

  • Far East: No major releases.
  • Europe: Germany- Trade, Industrial Output EZ- GDP, Unemployment.
  • North America: Monthly Employment Data, Canada- Employment.
Updated: Trading Events Calendar

Lahore FM 15:43 GMT January 6, 2011
Trade Ideas

Buy EURUSD
Entry: 1.3150 Target: Stop: 1.3075

Lahore FM 13:47 GMT January 6, 2011
Trade Ideas: Reply
Buy EURUSD
Entry: 1.3150 Target: Stop: rigid sl 1.3075

sl has been made rigid.
--
stopped at 1.3075.

Hong Kong Qindex 15:41 GMT January 6, 2011
EUR/USD : Critical Support 1.3007
Reply   
Sell EURUSD
Entry: Target: Stop:

EUR/USD : Critical Support 1.3007


Bias is on the downside when the market is below the monthly cycle pivot center at 1.3140.

===============================================
Forex Forum Search

You Searched For: City: Hong Kong > Author: Qindex > Comment: EUR/USD > Date: January 3, 2011 - January 10, 2011
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

Richland QC Mailman 15:39 GMT January 6, 2011
Aussie Seating on S1
Reply   
Buy AUDUSD
Entry: 9960 Target: open Stop: 9940

We are in 2 lots at 9957. May the market be with us.

HK Kevin 15:37 GMT January 6, 2011
EUR/USD

I just try small long at 1.3063 with stop at 1.3031.

Caribbean! Rafe... 15:25 GMT January 6, 2011
EUR/USD
Reply   
EUr/USD : - On it's way to weekly target 12903 then a bounce.

Richland QC Mailman 15:25 GMT January 6, 2011
.euro

Would rather look for buying opportunities in gbp and aussie...

Cambridge Joe 15:17 GMT January 6, 2011
.euro

Katt// you display an excellent grasp of the market... and it's behaviour.
With such a gift.... really no need to be unkind if someone took a less fortunate turn..??
Still..... well done to you for seeing right.

dc CB 15:16 GMT January 6, 2011
GVI Forex Trading Support

Chart IVEY

to dr unken katt 15:14 GMT January 6, 2011
.euro

happy trades!!

to dr unken katt 15:13 GMT January 6, 2011
.euro

euro under PP and just broke S1

dc CB 15:13 GMT January 6, 2011
GVI Forex Trading Support

IVEY Employment

clue to tomorrow's CAD Employment anncemnt?

Kaunas DP 15:12 GMT January 6, 2011
long EUR/USD
Reply   
added eur/usd 1.3073 to pevious 1.3093,
average 1.3083; SL 1,3033; TP 1.3233

to dr unken katt 15:11 GMT January 6, 2011
.euro

i control dat market .....with da joystick

so pay attention next time

the dear friend from tokyo is bein banged ...

Cambridge Joe 15:07 GMT January 6, 2011
.euro

katt// stunning dude !
You said it...and it dropped like a stone. !

Dubai SAS 15:07 GMT January 6, 2011
Buy Euro

added small @ 1.3070 ... same stops

GVI Forex john 15:06 GMT January 6, 2011
GVI Forex Trading Support



ECONOMIC DATA CHART
Entry: Target: Stop:

Ivey PMI tumbles...

Moscow MB 15:06 GMT January 6, 2011
news?????
Reply   
Is there news out?????????

GVI Forex john 15:02 GMT January 6, 2011
GVI Forex Trading Support

Note our warnings about the Ivey PMI, it was at 70 in September. Thats a huge decline, due mainly to its methodology.

GVI Forex john 15:00 GMT January 6, 2011
GVI Forex Trading Support

ALERT
Entry: Target: Stop:

-- ALERT --

December Canadian Ivey PMI: 50


to dr unken katt 14:59 GMT January 6, 2011
.euro
Reply   


i d rather short dat blips for the area in the yellow elipse
euro still short on bigger framezzz

Caribbean! Rafe... 14:54 GMT January 6, 2011
AUD/USD

Revdax// yeah right...lol


Rana// I will run projections for this pair then let you know but most likely when running counter trends you look to enter dips close to 9847 if that turns out to be the low so you would take trades at dips for eg. 9860 or some figure close by then place stops a few ticks below 9847 or some figure your comfortable with losing if I am wrong...lol

Dubai SAS 14:49 GMT January 6, 2011
Buy Euro
Reply   
Buy EURUSD
Entry: 1.3112 Target: Open Stop: 1.3040

Long Now ...

Tokyo Rana 14:47 GMT January 6, 2011
AUD/USD

Buy AUDUSD
Entry: 0.995 Target: open Stop: later

Caribbean! Rafe... 14:41 dear friend,im not confident about audusd go up but ithink it will go up this is just guess....im long trade with charts and mind.........my target 1.02/1.10....im also long eurusd small one...happy day

HK REVDAX 14:45 GMT January 6, 2011
AUD/USD

Rafe//I am not sure about every woman but most women do want men who are capable of providing, and I am sure that you are one of those who are able to provide...lol

Caribbean! Rafe... 14:41 GMT January 6, 2011
AUD/USD

Revdax, Rana// Thanks for the advice, I was thinking that I would cut it also, I'll know when I sit to analyze the model again.

Revdax// Humbly? Come on dude, it's me Rafe... I'm one of the most humblest people people come across in India, they tell me that, every woman I come across wants me to be her husband lol... Problem is that my typed sentences on the forum sound too harsh while I never intend it to be so.

GVI Forex john 14:38 GMT January 6, 2011
GVI Forex Trading Support

One key note about the Ivey PMI, because of the way it is computed, the results tend to be subject to wide swings.

Lahore FM 14:36 GMT January 6, 2011
Trade Ideas

a daily close under 108.10 can jeopardise upside.immediate support 108.50/70 likely to hold and make it bounce.

Lahore FM 14:35 GMT January 6, 2011
Trade Ideas

long eurjpy at 109.04 and holding it for now.

GVI Forex john 14:34 GMT January 6, 2011
GVI Forex Trading Support

EVENT @ 15:00 GMT
IMPACT = MEDIUM
Canadian Ivey PMI


The Ivey Purchasing Managers Index measures month to month changes in dollars of purchases as indicated by a panel of purchasing managers from across Canada. The index includes both the public and private sectors. Index panel members indicate whether their organizations activity is higher than the same as, or lower than the previous month across the following five categories: purchases, employment, inventories, supplier deliveries and prices.

The Ivey PMI is substantially different from the U.S. ISM index. The Ivey PMI is based on end of month data, is based on one question only: "Are your purchases (in dollars) higher, the same, or lower than the previous month?" and is not adjusted for seasonality or inflation and covers the complete Canadian economy, including the public and private sectors. The US indexes on manufacturing and services are based on mid-month data; factor in the responses to a combination of five questions and adjust for seasonality. Both the US and Ivey PMI reflect month to month changes and use the 50 line as the critical reference.

HK REVDAX 14:32 GMT January 6, 2011
AUD/USD

Rafe//close out ur shorts of aus/$ and go long ... since you have asked this question so humbly.

tokyo rana 14:31 GMT January 6, 2011
AUD/USD

Caribbean! Rafe... 14:29 dear friend,my guess it will go to 1.02/1.05 than 0.86/0.94....happy day,

Caribbean! Rafe... 14:29 GMT January 6, 2011
AUD/USD
Reply   
AUD/USD : - AUD on it's way to 9847, it hit one of my models midpoints and bounced 50 pips or so from it.

The target will be seen by the end of this week or by latest mid next week then a big bounce to repeat the grinding downtrend.

I opened a small short from much higher levels but now wondering if I should let it run or just cut it there and reboot on the bounce from 9847.

gl gt.

tokyo rana 14:27 GMT January 6, 2011
Trade Ideas

eurjpy will lose fuel below 113.00 and we see 99 than 90 and 85 ihave confident maybe 75...eurusd half out 40pips plus...happy day,

kl fs 14:17 GMT January 6, 2011
Trade Ideas

trust me, eurjpy is heading to 106

HK REVDAX 14:12 GMT January 6, 2011
Trade Ideas

FM//Are you buying euro/yen today?

jkt-aye 13:56 GMT January 6, 2011
confused
Reply   
cable in the crossroad, imo.
15720 before 15350 ?

Lahore FM 13:47 GMT January 6, 2011
Trade Ideas

Buy EURUSD
Entry: 1.3150 Target: Stop: rigid sl 1.3075

sl has been made rigid.

GVI Forex john 13:46 GMT January 6, 2011
What's the buzz?

- Weekly jobless data taken after the monthly data were counted. Thee should be no DIRECT connection between this report and the monthly data.

dc CB 13:43 GMT January 6, 2011
What's the buzz?

from FXStreet.com

Offers in the 1.3120/30 area on bounce
Thu, Jan 06 2011, 13:39 GMT - Forex Live
By: Jamie Coleman
Traders report sellers on the bounces to the 1.3120/30 area, the former support level on the way south. We also hear another spin on the option struck at the 1.3125 level that got lots of attention in the last 24-hours. Now there is talk that the option is a digital. The owner of the option gets paid-out millions if the market is below 1.3125 at expiry (usually 15:00 GMT but some say this one expires at 16:00). If the market is above 1.3125, no cigar...

GVI Forex john 13:40 GMT January 6, 2011
GVI Forex Trading Support

Improving TREND intact...

Weekly jobs U.S.


Click on chart for seven-year history

GVI Forex john 13:32 GMT January 6, 2011
GVI Forex Trading Support

-- ALERT --

Weekly Jobless 409K
Continued Claims 4.103m


GVI Forex Blog 13:31 GMT January 6, 2011 Reply   

Forecast of Lower GDP Pressuring AUD USD

dc CB 13:17 GMT January 6, 2011
What's the buzz?

POMOs today thru Tues. Jan 12 next POMO schedule out.

http://www.newyorkfed.org/markets/tot_operation_schedule.html

Also today Treas will annc size of next weeks auctions 3s,10,30's.

tokyo rana 13:14 GMT January 6, 2011
jpy
Reply   
Buy EURUSD
Entry: 1.3085 Target: open Stop: 1.30

added..................happy day,

GVI Forex john 13:01 GMT January 6, 2011
GVI Forex Trading Support



Earlier U.K. Services PMI fell sharply to 49.7 into contraction territory... unexpected.

GVI Forex john 12:53 GMT January 6, 2011
GVI Forex Trading Support

EVENT @ 13:30 GMT
IMPACT = HIGH
Weekly jobless data


Weekly jobless data are the most current read on employment and also the economy.

Initial Jobless claims can be very volatile so many also watch the 4-week moving average to get a better handle on trends.

Continuing claims are used by economists to predict the unemployment rate. These data are not as consistent as they once were as statutory benefit rules have been changing. Changes in the rules can affect the number of individuals eligible for claims.

Updated and revised charts to follow after the report.

GVI Forex Jay 12:44 GMT January 6, 2011
The 'Sweet Zone'

dil, our forums work best when our members self-police but rest assured we are always there and more often than not work in the background to maintain the high quality you see here.

Israel dil 12:38 GMT January 6, 2011
The 'Sweet Zone'

HK Louis 12:33 GMT January 6, 2011

why to bring huge amounts of negativity into conversation while people talking openly and sharing their trading ideas and experience?

many thanks Valdez, don't let HK Louis negativity to stop you from helping many others. I hope Global View will use zero tolerance towards HK Louis and his kind.

Cambridge Joe 12:37 GMT January 6, 2011
The 'Sweet Zone'

Not knowing any particulars.... that seems rather un-called for Louis.

GVI Forex Blog 12:36 GMT January 6, 2011 Reply   
The forex market is still feeling the effects of yesterday’s surprise increase (by its magnitude) in the monthly ADP employment survey, which in turn has raised forecasts for Friday’s release of US December Non-Farm Payrolls (NFP). This suggests

FOREX - At A Crossroads

HK Louis 12:33 GMT January 6, 2011
The 'Sweet Zone'

Yes. Thanks to the succes of the sweet zone Valdez is able to leavethe high life relying on on his US monthly social security benefits in Ecuador.

GVI Forex Jay 12:32 GMT January 6, 2011
Tech Talk

12:30 GMT (Global-View.com) January 5 - The forex market is still feeling the effects of yesterday’s surprise increase (by its magnitude) in the monthly ADP employment survey, which in turn has raised forecasts for Friday’s release of US December Non-Farm Payrolls (NFP). This suggests some risk of a disappointment if NFP comes in below raised forecasts but in the meantime the dollar should maintain a firmer bias ahead of the report. The dollar, meanwhile, is performing technically, with the break of 1.32 yesterday seeing it trade to just above a key cluster of supports (as also posted yesterday) in the eur/usd 1.3050-00 range (see below). This is potentially a formidable area of support and puts the market at a crossroads. A firm break of 1.3056 would expose the pivotal 1.30 level + the major 1.2968 low set on Nov 30, 2010 while a failure would maintain the current range.

On the upside, 1.32 (also the daily pivot) is the pivotal level and suggests a limited upside + SOB (“Sell On Blips”) bias while below it. Yesterday's low at 1.3127 is initial resistance and one that needs to hold to keep the focus on the cluster support.

Key levels on the downside (intra-day range 1.3090-1.3170):

1.3086 = 200 day mva
1.3085 = Dec 29 high
1.3083 = daily trendline
1.3076 = S1
1.3073 = Dec 27 low
1.3056 = Key Dec 23 low
1.3002 = S2

Cambridge Joe 12:31 GMT January 6, 2011
The 'Sweet Zone'

Sorry for that outburst John..
Just joshing !
I do find the SARs very helpful tho !

GVI Forex Blog 12:30 GMT January 6, 2011 Reply   
We maintain our morning view with slight modifications.

FX Thoughts for the day : 06-Jan--2011 - 1229 GMT

GVI Forex john 12:25 GMT January 6, 2011
The 'Sweet Zone'

Joe- Thanks for your post. Its always interesting to hear what trading startegies members find work or, for that matter do not work! We'd like to hear a lot more about trading strategies from others as well.

Cambridge Joe 12:25 GMT January 6, 2011
The 'Sweet Zone'

BEFORE ... DURING and AFTER..LOL!

I'm calling this system..ALWAYSWINNEVERLOSEFIVEFLAGSOFVICTORYMYDOGSNAME
ISBRUNO.

Amsterdam purk 12:23 GMT January 6, 2011
The 'Sweet Zone'

Did you use drugs before or after?

Dubai SAS 11:57 GMT January 6, 2011
Sell USDCAD

Sell USDCAD : Reply
Entry: 1.0030 Target: Open Stop: 1.0115 Bid
Short now ....
Covered @ 9937 for +93

shud have read - covered half for +93 and stop down to 1.0015 for the rest ...

Cambridge Joe 11:54 GMT January 6, 2011
The 'Sweet Zone'
Reply   
Not intending to take up much space or time with this, but just to say I've been experimenting with an idea I picked up from Valdez...... credit where credit is due.
The aim is to take the 'Sweet Zone' and I find that using 2 sets of SAR, one fast the other slow, the middle bit IS the 'Sweet Zone'.
I open the trade when I get signal from the slow SAR and close it according to the fast SAR.
Sure.... there are many pips not taken at the start and not taken at the end.... but the ones in the middle are MINE !
Still experimenting in conjunction with MACD.... I use the 1 minute charts...... different time frames suit different settings....
Losses do occour.... but they are small.
Thanks to the words of an experienced sage like Valdez to get me looking in the right direction !

Dubai SAS 11:53 GMT January 6, 2011
Sell USDCHF

involuntarily holding on the short usdchf from 9470 ... was away yesterday, dint have a stop & the rest is history .. will have to avg out at some stage for a quick exit ...

Dubai SAS 11:46 GMT January 6, 2011
Sell USDCAD

Dubai SAS 17:38 GMT January 4, 2011
Sell USDCAD : Reply
Entry: 1.0030 Target: Open Stop: 1.0115 Bid

Short now ....

Covered @ 9937 for +93

GVI Forex Blog 11:29 GMT January 6, 2011 Reply   
The dollar steadied on Thursday after surging the previous day on strong U.S. private sector jobs data, but investors were reluctant to chase the greenback higher ahead of Friday's payrolls numbers.

FOREX NEWS - Dollar consolidates gains as mkt awaits U.S. jobs

GVI Forex john 11:26 GMT January 6, 2011
GVI Forex Trading Support


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

GVI Forex Blog 11:21 GMT January 6, 2011 Reply   
European interbank market again favored USD longs in the session on the back of yesterday's stronger ADP employment data and the upbeat ISM reading. The dollar's tones being aided by the interest rate component as a number of analysts are revising higher their forecasts for the US Non-Farm payroll release on Friday.

TradeTheNews.com European Market Update: UK Services PMI drops to a 20 month low; Euro Zone retail sales disappoints

GVI Forex john 11:21 GMT January 6, 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.

TORONTO RN 10:59 GMT January 6, 2011
Trade Ideas

Macau JJ,
I hope your comments were not sarcastic. Some of us have made money following FM's trades. No trader is correct all the time. Moreover FM has a tentative stop loss at 1.3090 and has a longer term view. It's not over until it is over.
FM, how was your EUR long at 1.315 something?

Kaunas DP 10:53 GMT January 6, 2011
EUR/USD
Reply   
Kaunas DP 07:19 GMT January 6, 2011
sell EUR/USD: Reply
sold 1.3153; SL 1.3203; TP 1.3023

_ _ _ _

closed all at 1.3093 for +60
and
longed 1.3093 with SL 1.3033; TP 1.3233

GVI Forex Blog 10:52 GMT January 6, 2011 Reply   
11:00 GMT (Global-View.com) January 6- China today made it known it would be buying EUR 6 bln of Spanish debt, but the news has not done much good for EUR. Marketers generally are focused now on the U.S. December jobs report due on Friday, following a much better than expected ADP private jobs report released yesterday.

Daily GVI Forex Forex View- USD Trading Higher

Syd 10:34 GMT January 6, 2011
Euro zone November retail sales -0.8% m/m, +0.1% y/y
Reply   
Euro zone November retail sales -0.8% m/m, +0.1% y/y
weaker than median forecasts +0.3%, +2.15%

jkt-aye 10:32 GMT January 6, 2011
Trade Ideas

JJ ... try the archive. hope it help.

Macau JJ 10:26 GMT January 6, 2011
Trade Ideas

FM, how was your EUR long at 1.315 something?

jerusalem kb 10:04 GMT January 6, 2011
audnzd
Reply   
Buy AUDNZD
Entry: 1.3210 Target: 1.3285-1.3420 Stop: 1.3150

placed a buy stop above 1.3200

jerusalem kb 10:02 GMT January 6, 2011
sell gbpcad
Reply   
Sell GBPCAD
Entry: 1.5378 Target: 1.5220 Stop: 1.5490

sold

Syd 08:55 GMT January 6, 2011
EUR/USD Slides As Option Barrier Falls - Trader
Reply   
EUR/USD slides sharply to the day's low of 1.3098. A UK bank trader says a much talked-about 1.3125 digital option barrier finally gave way after supporting the rate overnight, and that triggered the move lower in the spot

Lahore FM 08:54 GMT January 6, 2011
Trade Ideas

Buy AUDCAD
Entry: 0.9963 Target: Stop: sl lowered to 0.9860 for now

01/05/2011 22:12:13 FM Lahore 4

Buy AUDCAD
Entry: 0.9963 Target: Stop: 0.9880
went long for something above 1.03.
--
sl lowered.

Haifa ac 08:31 GMT January 6, 2011
fx

Thanks, Syd.

Tokyo Rana 08:23 GMT January 6, 2011
jpy!

Buy AUDUSD
Entry: 0.995 Target: 200/500pips Stop: 0.99

this one is little bigger position...happy day

Tokyo Rana 08:21 GMT January 6, 2011
jpy!

im not bullish on euro at all but maybe markeet give chanc to big playyers to short eurusd at good level..ithink it can fall 1000pips easly any time from current rate....

Tokyo Rana 08:19 GMT January 6, 2011
jpy!

idonot have any major posiitiion now...eurusd its very small position its just very small not funda trade just bought due to charts im expecting eurusd to reach 1.35/1.40 then big sell of....i bought at weekly low....happy day

NGN CFANFX 08:13 GMT January 6, 2011
jpy!

TOKYO WHAT IS THE RATIONALE BEHIND BUYING EU NOW WHEN MOM IS DOWN PLEASE I WANT YOU TO BE WITH SOME HINT THANKS

Tokyo Rana 08:10 GMT January 6, 2011
aud

Syd 08:07 GMT dear friend,thanx for kind post....aud ithink will gain against usd$ over all aud crosses looks heavy now...on top iwill short again if seen 1.02/1.07.....keep ur good work...happy day

Syd 08:07 GMT January 6, 2011
aud
Reply   
Tokyo Rana 07:55 last post meant was for you

Syd 08:06 GMT January 6, 2011
Aud
Reply   
Syd 07:39 GMT yes agree but feel it will take a few more good numbers before the market is a true believer , and it will be commodities and gold will be the leader , the analysis from Max McKegg was well timed along with the FXA recent report on the Aud worth a look at .

Tokyo Rana 08:02 GMT January 6, 2011
jpy!

still very very hard to say wat is short wat is long but my guess jpy chf long is best over all...

Tokyo Rana 07:55 GMT January 6, 2011
fx

Syd 07:39 GMT dear friend,good adp but on this data usa stock did go up dji only added 31points why bcoz traders not trust in these numbers next look used house data....on adp dji did not moved....happy day,

Syd 07:39 GMT January 6, 2011
fx
Reply   
Haifa ac 07:11 Hi , yes sorry did miss your question, I dont follow him only use him as a guide along with several others , but for now he seems to be on the same page as them which is for the short term the USD may be in for some upside , the data in the US is being watched cos if the data became spectactular then all best of more QE would be off ,stock would suffer commodities would take a hit etc etc., so I feel most analyst are playing it safe . There has been a lot lately too about oil strength being bad for global growth, its strange when these headlines surface everyone decides its time to head for the exit !! so the answer is still think he is bullish but not for the moment :-))

Kaunas DP 07:19 GMT January 6, 2011
sell EUR/USD
Reply   
sold 1.3153; SL 1.3203; TP 1.3023

tokyo rana 07:16 GMT January 6, 2011
jpy!
Reply   
Buy EURUSD
Entry: 1.3135 Target: open Stop: open

today again short usd$ against aud jpy and euro...happy day

Haifa ac 07:11 GMT January 6, 2011
Oz

Syd
You may have missed my question yesterday
would appreciate a response if you have one:

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

Syd 06:34 GMT January 6, 2011
Oz
Reply   
Floods wash away profits as damage and delays prompt downgrades
LINK
Floods in northeast Australia cripple economy, felt in world coal markets
LINK
Floods, rain discourage tourists to Qld holiday spots
"Usually this is our busiest two to three weeks of the year and we've had a dramatic loss of business over this time," she said.
LINK
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.
LINK
Bleak year ahead for property developers
LINK

Hong Kong 06:04 GMT January 6, 2011
EUR/USD Intra-day signal by AceTrader
Reply   
EURUSD
Entry: Target: Stop:

INTRA-DAY EUR/USD OUTLOOK

Last Update At 06 Jan 2011 04:03 GMT

Rate : 1.3141

As euro has fallen after meeting renewed selling
at 1.3170, suggesting the recovery fm y'day's low
of 1.3125 has possibly ended earlier at 1.3192 (NY)
n below said sup wud extend decline fm this week's
high of 1.3435 to 1.3100 but 1.3055 sup wud hold.

Sell on pullback with stop as indicated n only
abv 1.3192 wud risk stronger gain to 1.3211.

Range Forecast
1.3125 / 1.3160

Resistance/Support
R: 1.3192/1.3236/1.3264
S: 1.3125/1.3083/1.3055

http://www.acetraderfx.com

Syd 04:44 GMT January 6, 2011
Does This 1914 Cartoon Remind You Of A Certain Country Today?
Reply   
China today is about where the US was in the early 60s.
www.businessinsider.com/does-this-1914-cartoon-remind-you-of-a-certain-country-today-2011-1#ixzz1ADtUhzUp

Quito Valdez 04:15 GMT January 6, 2011
eurusd
Reply   


I still don't see much in the way of technical impetus for EUR/USD to do anything other than sit for a while...forgive me. Something has got to pursuade the pair to move...whatever that would be is yet a mystery to me...but am sure something will eventually...but as to what I don't know. Huge bad news from ECB? U.S. recovery signs? Spain in trouble? Greece, Ireland priced in already. Portugal? To me it's all ouigi board at this point. See chart and possible p turned triangle a poster pointed out below.

GVI Forex Blog 03:46 GMT January 6, 2011 Reply   
The US equities closed higher after the ADP employment report yesterday;

Morning Briefing : 06-Jan-2011 -0336 GMT

Syd 03:17 GMT January 6, 2011
View of the Day: Aussie dollar faces risks
Reply   
Investors should be cautious about viewing the Australian dollar’s weakening as a buying opportunity
http://www.ft.com/cms/s/0/24d86b18-18da-11e0-b7ee-00144feab49a.html#axzz1ADmbX6AW

arizona 03:08 GMT January 6, 2011
USA's social security lies

But the inflation admittance fact could push inflation further. Again it is not about increasing of benefits it is about stating the fact.

HK FMC 03:05 GMT January 6, 2011
AUD/CAD
Reply   
http://londonftp2.rtv.thomsonreuters.com/outputplayer/?filename=050111CMCfinal&aspect=169...

Quito Valdez 02:49 GMT January 6, 2011
USA's social security lies

Arizona, any price increase overall in USA CPI due to say a 5% increase in retirement benefits of the small amount of citizens percentage-wise who get it would be miniscule to undetectable. Inflation didn't happen due to the pittance offered to SS recipients as a stimulus..a couple hundred bucks to each. Inflation due to 5% increase in SS I don't think would happen..that's only 50 bucks per thousand, it would take 5 months to = $250 which SS gave out, remember, and many only get $600-800 a month for they contributed a minimal amount. They would get $30-$40 more per month, a dollar a day, the price of a sack or two of groceries at a discount grocer. Remember many of us retireds don't even live in USA nor have SS deposited within USA..me to wit. If anything it would be support for inflation abroad in those cases.

arizona 02:41 GMT January 6, 2011
USA's social security lies

Well. You probably know what happen if it would be any increase. All prices will immediately go up. There is no questions about it. Would it make life easier? No. But if it would be very real inflation then increase would really happen.

Quito Valdez 02:40 GMT January 6, 2011
EUR/USD 12 month chart

Al, true enough. You make a good point about just what segment of a chart on which to work up technicals/patterns. I had asked the poster what time term he was using for that's the important variable in his tech analysis and question. I guess it boils down to a given position's intended term or life span. Since lately especially near last Q of 2010 I've been more of a day or swing trader than position trader, I've been looking at a year chart rather than in years previously, a 10 year one. I used to if you remember back 7 or 8 years or so hence, trade via ten or fifteen year charts and kept positions months instead of days, following long term trends and patterns for 1000 or 800 pip gains per position. EUR/USD was simple to predict then and it patterned after USD/CHF. EUR/CHF was steady as a rock then as well..trading in a fairly predictable and narrow range. But that was then when EUR was new and confidence levels were higher for the concept of a "single currency" THAN today after the experiment has had a time line to prove or disprove itself. I stopped doing long term a few years back and started doing shorter term for the longer term stuff didn't pattern as nicely in my view as it used to. Before platform trading I simply did bank trading. I've made less profit on short term and using a platform than long term and calling the FX room of my bank to position, recently adding only a percent to three percent to my account per week. LOL, back in the old days those who knew I had such success begged me to use their money but having no interest in funds of others, I said no. It would have taken the fun out of it.

Thanks as always for taking such an interest. Truly, have a good year amigo.

~~~Chuck~~~

Hong Kong 02:28 GMT January 6, 2011
USD/JPY Intra-day signal by AceTrader
Reply   
USDJPY
Entry: Target: Stop:

INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY

USD/JPY : 83.21

Last Update At 06 Jan 2011 02:12 GMT

Although dlr has retreated after brief breach of
y'day's high of 83.38 to 83.40 n sideways trading
wud be seen, pullback wud be ltd to 83.00/05, yield
resumption of this week's upmove fm 80.93 for re-
test of said res n then 83.71 later.

Buy on dips with stop as indicated, break wud
risk stronger pullback to 82.55.

Range Forecast
83.15 / 83.40

Resistance/Support
R: 83.40 / 83.71 / 83.91
S: 82.85 / 82.55 / 82.28

http://www.acetraderfx.com

Quito Valdez 02:21 GMT January 6, 2011
USA's social security lies

I make in a day of FX more than SS monthly does. I make a day in coffee likewise. Realestate, investments etc. make SS monthlies like a gumball in a vending machine however for many, SS is most of all they have after 401Ks have evaporated, property values disintegrated (selling a large family house to downsize at retirement for half it's worth is financial suicide for many..they counted on that equity). So now the 4.5 million daily for fighting a losing war and 3.2 million daily for fighting yet another and all sorts of other waste is more important than keepting tax payers eating? Evidently. One reason I left...government's priority errors. Of, by and for the people? NOT.

Tonbridge AL 02:17 GMT January 6, 2011
EUR/USD 12 month chart



Chuck you may wish to look even bigger picture

Syd 02:14 GMT January 6, 2011
fx
Reply   
Building approvals fall 4.2% in November, Service sector contracts: Economy RoundupLINK
Floods run giant coal terminal dry
LINK

Designed in Britain, made in China - it's how it should be
"Designed in the UK, made in China" is a neat way of summarising our economic relations with the Middle Kingdom – or at least what they should be.
LINK
Yes until we know how , then its 'Hasta la vista' UK

Quito Valdez 02:13 GMT January 6, 2011
USA's social security lies

Arizona, good point about no increases in U.S. SS retirement benefits but why toy with my and others's SS benefits to make a second hand statement that there's no inflation? It's still a total disregard for retired people..some of whom really depend on SS. I don''t, actually I consider it a pittance and wouldn't care if I got it or not, but to many (too many) it's necessary to eat

dc CB 02:09 GMT January 6, 2011
USA's social security lies

Quito Valdez 01:34. Social Security

it's all part of the "solution". if you can't afford to eat, or pay rent/mortgage, then you're out on the street...maybe in a tent city or under a bridge eating garbage. But you will not be on television or in the few newspapers that are left. you and all the other "unfortunates" will die unseen, unheard. clean and clinical fix for the problem of too many people that are no longer needed and cost too much to have around. been done before, in a different way and not that long ago.

Quito Valdez 02:06 GMT January 6, 2011
EUR/USD 12 month chart
Reply   


Here's a chart for my post below

Quito Valdez 02:04 GMT January 6, 2011
euro support

Napoli, that's some good chart work you did! The double top completed part by the chart is correct but by fluke the 2nd top was the selloff of usd last week in Dec and the consequent buy to reposition first week in Jan so I don't count that as a true double top for the 2nd top is an end of year phenominan rather than a "legitimate" traded top. The pair is just about at midrange for the last 12 months so what time perameter are you using for an oversold condition..please inform me. Usually, my personal belief, is that at midrange a pair has no "weight", it is trendless...no support, no resistance...like in limbo and I refrain from speculating on it for that reason. The contrary of that is that since it's in limbo a minor influence can affect it easier than if it had to break a trend.

The USD has been severely undermined by Bernanke et al and the EUR has been diluted as well but not to the extent USD has been, and EUR will continue to be weakened by economic issues in EZ more in this year.

I posted last Dec about the "competition" USD and EUR would have for the weakest currencies and a chart posted by GV's co-host John of currency strength agreed.

I don't see much logic involving predictions of any sort for this pair and consider it a rogue random chart from now on but if technicals can bear here, I'd respect them but not trust them...much as you said..your gut says one thing and tech says another.

HK REVDAX 01:56 GMT January 6, 2011
euro support

DC//Aus$ is going to bounce a bit today. So I think the non-$ currencies would also move up a bit with it...for say 2 days....imho

arizona 01:53 GMT January 6, 2011
USA's social security lies

I think if it would be any increase then they would admit that there is an inflation. I think its not about budgeting it is about not wanting an inflation to happen.

Napoli DC 01:45 GMT January 6, 2011
euro support
Reply   
EURUSD
Entry: Target: Stop:

yesterday's base at 1,3125 is really interesting from a technical perspective.

It is the cross of several support lines on different frames (hourly and daily).

Daily stoch still pointing up and hourly oversold.

A double top on hourly chart is almost completed.

On a daily basis i see some consolidation patterns (i.e triangle shaping).

In case of a break down, next support comes around 1.3030 and 1.2960, then only fibo around 1.28, but driving fast with broken brakes.

I think this is the last chance for euro to regain its uptrend. I would be bullish from a technical point of view, but my guts (and yesterday's long red candle) suggest the opposite.

Would really appreciate your opinions

HK REVDAX 01:37 GMT January 6, 2011
Trade Ideas

FM//I like to follow ur signals mechanically today..cheers!

Quito Valdez 01:34 GMT January 6, 2011
USA's social security lies
Reply   
I got a notice recently in the mail that my U.S. social security retirement benefit (monthly check) would not be increased this year (again) since there was no inflation in USA since 2008. Why don't they just come out honestly and say there's a shorting of funds fo' all us baby boomers, instead of lie to citizens like this? To save face. What face, I ask? Rectal-cranial inversion is the problem.

jkt-aye 01:27 GMT January 6, 2011
confused
Reply   
GBPJPY
Entry: Target: Stop:

looking for 128.00 ?

Quito Valdez 01:27 GMT January 6, 2011
Dear Mr and Mrs America: it's only your money

CB, you are spot on. I would say SYD would agree. I can't see how the world can be so stupid or USA's poobahs could be either, but that's the world amigo. I feel therefore it's all planned, not an error or accident. As to the depths of the plan, that's subject only for nightmares.

dc CB 01:22 GMT January 6, 2011
Dear Mr and Mrs America: it's only your money
Reply   
The ongoing collapse in bond prices is making John Meriwether blush with envy at the wholesale wanton destruction of capital undertaken by Ben Bernanke. Keep in mind LTCM - the organization which proved definitively that Nobel prizes in economics are given only to the most consummate destroyers of value, logic, reason and humility - lost "just" $4.6 billion from its peak before it became the biggest systemic risk in the world back in 1998 and had to be rescued by a consortium of banks. The bottom line: with about $10 billion in SOMA losses today alone, Ben Bernanke has generated more than double the losses that nearly destroyed western finance 13 short years ago. And nobody cares.

http://www.zerohedge.com/article/ben-bernanke-loses-more-money-one-day-all-ltcm-ever-did-doubled

GVI Forex Blog 01:18 GMT January 6, 2011 Reply   
US Dollar vs Chinese Yuan (CH) PBoC sets yuan mid point at 6.6322 v 6.6190 prior close - Prior setting 6.6295

US Dollar vs Chinese Yuan

Quito Valdez 01:15 GMT January 6, 2011
end of year dump USD, start of year buy
Reply   
Historically as John and Jay have been pointing out way over a week ago, the USD dips the last week of a given year but it's a "false" dip due to squaring off and repatriating of funds, which means it will regain what it lost the first week of a given year as this process is reversed and what was positioned in earlier December would likely be repositioned in early January. Hence the annual pattern.

Sure enough, this is true looking at daily candles of USD/CHF, EUR/USD, AUD/USD, NZD/USD, USD/JPY & even GBP/USD: the USD regained almost all if not all losses of the last week of 2010 to now.

Frankly I forgot to position for this and could have sold USD all last week of Dec only to buy Jan 2 for literally any USD pair and won at least 200 pips. This error now goes in my calendar for next Dec and next Jan, suggest you do the same.

USD/CAD tried to recoup but met with resistance thus far. Daily chart's range is restricting into a triangle and breakout later this month or early Feb is therefore technically likely to happen.

GVI Forex Blog 01:01 GMT January 6, 2011 Reply   
KS) SOUTH KOREA DEC DEPT STORE SALES Y/Y: 9.7% V 10.1% PRIOR

KS) SOUTH KOREA DEC DEPT STORE SALES Y/Y: 9.7% V 10.1% PRIOR

Hong Kong 00:58 GMT January 6, 2011
Daily FX Market Outlook by AceTrader-6-1-2011
Reply   
Market Review - 05/01/2011 21:53 GMT

Dollar surges due to robust U.S. economic data

The dollar rose sharply on Wednesday after a slew of upbeat U.S. economic data suggested the U.S. economy was on a steady path to recovery.

The greenback jumped across the board when U.S. ADP jobs report showed private payrolls increased 297,000 jobs last month, almost triple the median economist forecast, the number represented the most robust figure on record since the data started in 2000. The figure spooked many traders and they bought the dollar aggressively. The greenback rallied from 82.29 to 83.07 against the Japanese yen immediately after the number and U.S. Treasuries fell. The pair later climbed to an intra-day high of 83.38 following the release of stronger-than-expected ISM non-manufacturing index, which came in at 57.1 in December versus the forecast of 55.6.

The single currency remained under pressure throughout Wednesday as bearish sentiment on euro zone debt concerns weighed on the pair. Euro edged lower from 1.3325 in Asia and then European traders sold euro ahead of the much-awaited 6-month Portuguese T-bill auction and renewed selling emerged after the yield jumped to 3.686% from 2.045% at last September's auction (Portugal only had to pay 0.592% one year ago). The single currency eventually fell to 1.3125 in NY on dollar's broad-base rally.

Euro was also pressured as the Swiss National Bank had stopped accepting Irish government bonds as collateral in its money market.

Volatile moves in cable were seen in London trading on Wednesday and despite staging a strong but brief bounce from 1.5537 to 1.5628 initially, renewed selling quickly knocked sterling lower. Price traded with a soft undertone after the release of weaker-than-expected Dec U.K. Construction PMI, actual 49.1 vs forecast of 50.9, the index dropped for the 1st time since Feb 2010, suggesting the U.K. economy remained weak and another reason was due to poor cold weather conditions which had negatively impacted on activity. Cable later nose-dived to 1.5451 in NY session on dollar's broad-based rally after the release of a batch of upbeat US economic data.

The market would pay attention to the release of U.S. non-farm payroll data due out on Friday. Analyst had revised the forecast upward following the strong ADP jobs data released on Wednesday.

Economic indicators to be released on Thursday include:

Swiss CPI, UK Service PMI, EU Business Climate, Economic Sentiment, Retail Sales, Germany Factory orders and US Jobless claims.

http://www.acetradefx.com

Syd 00:35 GMT January 6, 2011
RBA
Reply   
dont see the RBA raising rates anytime soon with that data

GVI Forex Blog 00:31 GMT January 6, 2011 Reply   
*(AU) AUSTRALIA NOV BUILDING APPROVALS M/M: -4.2% V -4.0%E; Y/Y: -9.9% V -9.8%E - Prior m/m revised xx to % from 9.3% - Prior y/y revised xx to % from 1.2%

*(AU) AUSTRALIA NOV BUILDING APPROVALS M/M: -

Syd 00:23 GMT January 6, 2011
New Loans In China May Exceed CNY1 Trillion In January-Reports
Reply   
China's banks may issue more than CNY1 trillion worth of new loans in January as they expect further tightening measures in the coming months, the state-run China Securities Journal and Securities Times reported Thursday, citing unnamed sources. Industrial & Commercial Bank of China Ltd. plans to issue around 50% of its planned loans this year in the first quarter, the Securities Times reported. Chinese banks issued CNY1.39 trillion worth of new loans in January 2010 and CNY1.62 trillion in the same month of 2009, the Securities Times said. LINK

 




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