Europe Theorist 23:48 GMT January 10, 2011
USDCAD Opinion needed
Reply
USDCAD
Entry: Target: Stop:
Any thoughts regarding USDCAD in terms of going long this level appreciated ....
regards to all
Richland QC Mailman 23:24 GMT January 10, 2011
Short Cable
hi SAS. Position short triggered at 1.5589. Looking to liquidate at 1.5550.
Syd 22:25 GMT January 10, 2011
AUD Faces Risks In Dreary Outlook - UBS
Reply
AUD could start seeing some downside if a trend of softer data emerges in coming weeks, especially as the full impact of Queensland's floods becomes clearer, says UBS strategist Chris Walker. "The overall picture is somewhat dreary," he says. Walker notes especially the risk to GDP: "If the disappointing trends in domestic data continue, AUD could see some downside."
Wall Street Dumps Most Treasuries Since 2004 as Primary Dealers See Growth
LINK
Eight dead in Queensland flash floodsFlash flooding in the Toowoomba area has killed at least eight people and left many stranded on rooftops LINK
GVI Forex john 22:06 GMT January 10, 2011
GVI Forex Trading Support
USD PIVOT POINTS
Entry: Target: Stop:
Pivots EURUSD USDJPY USDCHF GBPUSD USDCAD AUDUSD NZDUSD
Res 3 1.3073 83.71 0.9816 1.5751 1.0041 1.0098 0.7734
Res 2 1.3019 83.50 0.9771 1.5677 1.0012 1.0040 0.7691
Res 1 1.2984 83.11 0.9723 1.5625 0.9971 1.0000 0.7661
Pivot 1.2930 82.90 0.9678 1.5551 0.9942 0.9942 0.7618
Sup 1 1.2895 82.51 0.9630 1.5499 0.9901 0.9902 0.7588
Sup 2 1.2841 82.30 0.9585 1.5425 0.9872 0.9844 0.7545
Sup 3 1.2806 81.91 0.9537 1.5373 0.9831 0.9804 0.7515
GVI Forex john 22:03 GMT January 10, 2011
GVI Forex Trading Support
USD MOVING AVERAGES
Entry: Target: Stop:
Latest EURUSD USDJPY USDCHF GBPUSD USDCAD AUDUSD NZDUSD
Last 1.2950 82.73 0.9675 1.5574 0.9930 0.9960 0.7632
High 1.2964 83.28 0.9726 1.5602 0.9983 0.9982 0.7647
Low 1.2875 82.68 0.9633 1.5476 0.9913 0.9884 0.7574
Change 0.0026 -0.30 0.0007 0.0018 0.0020 -0.0004 0.0015
MVA EURUSD USDJPY USDCHF GBPUSD USDCAD AUDUSD NZDUSD
5 day 1.3067 82.87 0.9628 1.5538 0.9950 0.9979 0.7612
10 day 1.3184 82.19 0.9499 1.5510 0.9964 1.0077 0.7667
20 day 1.3163 82.81 0.9555 1.5490 1.0028 1.0025 0.7554
50 day 1.3365 82.94 0.9727 1.5724 1.0078 0.9934 0.7616
100 day 1.3395 83.06 0.9811 1.5712 1.0184 0.9733 0.7492
200 day 1.3078 86.50 1.0341 1.5417 1.0258 0.9286 0.7275
TREND EURUSD USDJPY USDCHF GBPUSD USDCAD AUDUSD NZDUSD
BIAS Down Up Up Up Down Down Up
Toronto M.Dunleavy 21:57 GMT January 10, 2011
Sell Gold
Reply
Sell Gold
Entry: 1374 Target: 1320 Stop: 1386
Oil & Gold (XAU)
Oil & Gold (XAU) day lows just before the release of US data saw $1350 tested before a rally to $1370 into the weekend. Overall trading with a low of USD$1353 and high of USD $1378 before ending the New York session at USD$1370 an ounce. Oil fell below $88 on weak US stocks but recovered well to finish slightly higher on the day. WTI Oil Closed +$0.20 at $88.40 a barrel
(By easy fx)
=>>>docs.google.com/View?id=dg3m7zmf_4hmv326hb
GVI Forex john 21:44 GMT January 10, 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.
Lahore FM 21:09 GMT January 10, 2011
Trade Ideas
Buy OTHER
Entry: correction* Target: Stop: Stop: 0.7550* for half
that's nzdusd sl raised to 0.7550
Lahore FM 21:06 GMT January 10, 2011
Trade Ideas
01/10/2011 15:01:28 FM Lahore 12
Sell GBPUSD
Entry: 1.5517 Target: 1.50 Stop: 1.5567
sold.
--
quickly butchered on cable shorts twice for minus 70.
Lahore FM 21:05 GMT January 10, 2011
Trade Ideas
Buy OTHER
Entry: 0.7576 Target: 0.7700 Stop: 0.7650 for half
01/05/2011 22:31:10 FM Lahore 52
Buy OTHER
Entry: 0.7576 Target: 0.7700 Stop: 0.7490
long now on kiwi.
--
half closed 0.7635 now.sl raised on remainder.
GVI Forex john 20:56 GMT January 10, 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.
Cambridge Joe 20:40 GMT January 10, 2011
GVI Forex Trading Support
To me the market seems to have stalled.
Tiny movements.... giving me no clear signals.
My trade idea is ... DON'T..... until you have a decent reason to go.
Trade what you see.... not what you want to see.
GLGT.
Syd 20:18 GMT January 10, 2011
Slow markets tip RBA to hold on rates
Reply
Retail spending, construction and job advertisement data released on Monday all point to the fact that the Australian economy is losing momentum."Not only are manufacturing, services and construction sectors going backwards but retail spending is barely growing," said CommSec economist Savanth Sebastian. "And now there are signs that the job market is stalling."link
GVI Forex john 20:13 GMT January 10, 2011
GVI Forex Trading Support
From Westpac-NZ Daily
AUD/USD and NZD/USD outlook next 24 hours:
AUD may see a minor corrective bounce today to above 1.0000 before continuing the larger degree decline.
NZD's short term bullish key reversal signal yesterday was confirmed and further gains to around 0.7675 are possible today. Today's NZIER business opinion survey will be closely watched.
Syd 19:53 GMT January 10, 2011
Portugal: The Third Domino to Fall
Reply
According to a poll conducted by Reuters, 85% of dealers expect Portugal to receive a bailout. Portuguese credit default swap spreads have increased to a record high of 548bp which is the same level that Irish CDS spreads widened to before the government was forced to initiate bailout negotiations.
http://wallstreetpit.com/56508-
portugal-the-third-domino-to-fall
Dubai SAS 19:46 GMT January 10, 2011
Short Cable
to dr unken katt 18:39 GMT January 10, 2011
yeah u got it right dr ... more of a eurgbp support trade (expect gbp weakining) likely gbp wont close above the daily trendline .. stop level just above a short term retrace in case things dont go as planned ..
Tallinn viies 19:41 GMT January 10, 2011
eurusd
Reply
Livingston nh 19:33 GMT - trick is that italy, spain, france, etc all except germany terribly need weaker euro to get a bit of relief....
export export export
Livingston nh 19:33 GMT January 10, 2011
Dennis Gartman: Euro Crisis a 'Virulent Disease'
Amazing that the EU Officialdom can't get to a simple solution but these mopes all have the old widget based currency "rules" in mind -- none of these wizards realize they're big enough to avoid the problem
GVI Forex Blog 19:27 GMT January 10, 2011
Reply
AUD/USD and NZD/USD outlook next 24 hours: AUD may see a minor corrective bounce today to above 1.0000 before continuing the larger degree decline. NZD's short term bullish key reversal signal yesterday was confirmed and further gains to around 0.7675 are possible today. Today's NZIER business opinion survey will be closely watched.
Forex - Morning Report (Westpac)
Syd 19:25 GMT January 10, 2011
Dennis Gartman: Euro Crisis a 'Virulent Disease'
Reply
The euro could soon unravel, said renown currency and commodities trader Dennis Gartman on Monday, as the European Central Bank threw Portugal a temporary lifeline by buying its bonds. "A break-up of the euro would be so catastrophic to the economic environment, that China would not want that to happen," countered Brian Kelly, founder of Kanundrum Capital. Just as the euro is about to unravel, Kelly thinks China will support the troubled currency, buy euro bonds and therefore gain more say in the International Monetary Fund. Gartman added that he, too, doubts China wants a break-up to happen, but also doesn't think China will be willing to spend money to keep it going. Germany, France and other euro zone countries are pushing for Portugal to seek an European Union-IMF assistance program, as Greece and Ireland had, to prevent spreading contagion to Spain, according to a Reuters report citing a senior euro zone source. German Chancellor Angela Merkel, however, has denied the report.
http://www.cnbc.com/id/15840232?video=1735
060096&play=1
tokyo rana 19:01 GMT January 10, 2011
jpy
atlanta blahblah 18:54 dear friend,where is my guess short usd$ is ok this week maybe even next week...this week have important data and my guess stocks willl go another 200/400points higher more....eurusd 1.3333/1.37777 maybe maybe more new high....audusd go last to high nov 1.0189 or maybe maybe new high lets see tuesday important data from oz....for usd watch retail sale data dec lets see wat happen....happy day,
Israel dil 18:59 GMT January 10, 2011
EUR/USD news side
some deny, some refuse, but the SOS funds are in use:
January 10, 2011 10:06 AM EST
The European Central Bank purchased Portuguese bonds Monday; in an effort to aid the debt burdened country to reduce its deficit, following reports that emerged of Lisbon's need of a huge bailout from the EU and IMF. Germany, France and other Euro-Zone countries are pushing Portugal to accept an EU-led bailout plan that could total €120 billion, according to market estimates. Germany, France and other Euro-Zone countries are pushing Portugal to accept an EU-led bailout plan that could total €120 billion, according to market estimates.
atlanta blahblah 18:54 GMT January 10, 2011
jpy
shorting usd was a good call rana.
do you think short usd is a good position for next few days?
Israel dil 18:50 GMT January 10, 2011
UBS Goes Short EUR/USD At 1.29
UBS announced stop @ 1.3150, logically the market will go that direction for kind of testing it :-)
tokyo rana 18:48 GMT January 10, 2011
jpy
Reply
Sell USDJPY
Entry: Target: Stop:
ok guys isaid this morning short $ everything gaining against $ euro jpy aud.....usdjpy 45pips plus closed...happy day,
to dr unken katt 18:39 GMT January 10, 2011
Short Cable
are you improvising?
Dubai SAS 18:20 GMT January 10, 2011
Short Cable
Reply
Sell GBPUSD
Entry: 1.5578 Target: Open Stop: 1.5615
Sold ...
Hong Kong Qindex 18:11 GMT January 10, 2011
EUR/USD : Critical Point 1.2860
I have posted all the numbers for major currencies and their crosses in my website. All of them have been updated. The graphic presentations should be good for next 3 months. A lot of market makers would use those numbers. Don't miss it!
Qindex.com
GVI Forex Blog 18:10 GMT January 10, 2011
Reply
GBP/USD (a daily chart of which is shown) as of Monday (1/10/2011) has continued to consolidate well above key support in the 1.5350 price region within the context of a clear bearish trend
GBP/USD Consolidates with Overall Bearish Bias
Hong Kong Qindex 18:02 GMT January 10, 2011
EUR/USD : Critical Point 1.2860
EURUSD
Entry: Target: Stop:
1.2427 is an important level in my system only. It may take 2-3 weeks to go down that low.
Hong Kong Qindex 18:01 GMT January 10, 2011
EUR/USD : Critical Point 1.2860
EURUSD
Entry: Target: Stop:
1.2417 is an important level in my system only. It may take 2-3 weeks to go down that low.
Caribbean! Rafe... 17:59 GMT January 10, 2011
EUR/USD : Critical Point 1.2860
Qindex// You got a drop on your radar today to 12427 from current lvls?
tia. gl gt
Singapore SGFXTrader 17:59 GMT January 10, 2011
EUR/USD : Critical Point 1.2860
Eurusd is quite soft n weak now. Strength not seen. Only a move above 1.2980, then we can see eur heading north
Caribbean! Rafe... 17:55 GMT January 10, 2011
AUDUSD
Reply
Aud long coming up at 9940
jerusalem kb 17:44 GMT January 10, 2011
silver
Entry: 29.20 Target: 28.30-26.55 Stop: 29.75
-----------------------------------------------------
I DELETE THIS ORDER AND BUT THE SELL STOP STILL IN PLACE
Hong Kong Qindex 17:34 GMT January 10, 2011
EUR/USD : Critical Point 1.2860
EURUSD
Entry: Target: Stop:
EUR/USD : The market is stable if it can close above the supporting range at 1.2427 // 1.2990 in the New York session.
Qindex.com
jerusalem kb 17:32 GMT January 10, 2011
SELLGBPJPY
Reply
Sell GBPJPY
Entry: 128.90 Target: 127.55-126 Stop: 129.60
SOLD
to dr unken katt 17:32 GMT January 10, 2011
sell gbpcad
jeru you lost 112 pips?
i never use stops but instead i hedge
jerusalem kb 17:26 GMT January 10, 2011
sell gbpcad
HIT STOP 112PIPS-
Caribbean! Rafe... 16:41 GMT January 10, 2011
CNBC
Reply
The CNBC TV18 gals use the word bloodbath to describe action on the Indian stock market this past Friday, then went on further to state that the market is screwed... I wonder what words they use when they are not live...
GVI Forex Blog 16:35 GMT January 10, 2011
Reply
The greenback put in a mixed performance during the New York session. The euro continued struggled in the face of ongoing EU debt concerns, although it has consolidated between
TradeTheNews.com US Market Update
Jeddah Abb 16:28 GMT January 10, 2011
gbp/jpy
Reply
GBPUSD
Entry: Target: Stop:
gbp/usd will test 1.575 later this week?
Richland QC Mailman 16:25 GMT January 10, 2011
eurusd
1.2925 - could be the reversal point to attack 1.2950 R1?
Chicago tt 16:22 GMT January 10, 2011
eurusd
Maiman do you have a chart you can post to illustrate that?
Lahore FM 16:12 GMT January 10, 2011
Trade Ideas
Mailman dear.eurgbp perched above strong weekly supports now.can squeeze higher.
dc CB 16:09 GMT January 10, 2011
POMO
Reply
Permanent Open Market Operations: The Fed purchased $7.79 bln of 2018/2020 maturities through Permanent Open Market Operations as dealers looked to put back $19.50 bln.
Tomorrow's POMO will take place in 2016/2017 maturities as the Fed will look to purchase $7-$9 bln worth.
Richland QC Mailman 16:01 GMT January 10, 2011
eurusd
Just a technical observation. Euro 4hr charts are as if shouting - "buy me!" both slow stochs and macd are on same boat - from oversold status turning up!
Caribbean! Rafe... 16:01 GMT January 10, 2011
GBP/USD
Reply
Next trade coming up is a cable short at 15612,20,28, target 15276.
Richland QC Mailman 15:58 GMT January 10, 2011
Trade Ideas
Hi FM. My friend, isn't eur/gbp's weakness a concern on shorting gbp/usd? Your kind thoughts please. thanks
to dr unken katt 15:57 GMT January 10, 2011
,,
Reply
shorted g/swizz
Lahore FM 15:54 GMT January 10, 2011
Trade Ideas
Sell GBPUSD
Entry: 1.5559 Target: Stop: 1.5580
resold.
GVI Forex john 15:52 GMT January 10, 2011
GVI Forex Trading Support
CALENDAR ITEM PREVIEW
Entry: Target: Stop:
January 10 (global-view.com) UPCOMING DATA HIGHLIGHTS for Monday, January 11:
- Far East: Japan- Leading Indicators, Australia- Trade.
- Europe: No key data expected.
- North America: U.S.- NFIB Index, Wholesale Inventories, 3-yr Note auction, API inventories.
Updated: Trading Events Calendar
Richland QC Mailman 15:51 GMT January 10, 2011
Trade Ideas
Closed all cable longs just ahead of 1.5570 prior resistance. Whew! Thanks market.
hk ooozmeeh 15:49 GMT January 10, 2011
eurusd
thanksmate, willing to take a risk at my stops. gt to u
Richland QC Mailman 15:42 GMT January 10, 2011
eurusd
Hi ooozemeeh. Looks like the bulls are getting stronger... caveat emptor comrade.
Richland QC Mailman 15:37 GMT January 10, 2011
eurusd
oks. closed our earlier euro longs as it banged against R1 area at 1.2950.
hk ooozmeeh 15:35 GMT January 10, 2011
eurusd
Reply
Sell EURUSD
Entry: 1.2944 Target: Stop: 1,2975
sold eurusd 1.2944
Caribbean! Rafe... 15:32 GMT January 10, 2011
out on euro
Reply
closed my euro long +2, gotta have quick timing in this because euro is trading on either side of a pivot point so will enter from higher levels either long or short depending which pivot of mine is breached.
Richland QC Mailman 15:31 GMT January 10, 2011
Trade Ideas
Time now for some northern movement first...
to dr unken katt 15:28 GMT January 10, 2011
eurusd
tha map
Richland QC Mailman 15:24 GMT January 10, 2011
Trade Ideas
Bought cable above 1.5500.
to dr unken katt 15:21 GMT January 10, 2011
eurusd
cable is longo on dayly , on this map its getting support from the dayly PP , purple line break of the yellow line with the ellipse will confirm the upside
hk ooozmeeh 15:20 GMT January 10, 2011
Trade Ideas
tp 1.5415 sl 1.5575
hk ooozmeeh 15:16 GMT January 10, 2011
Trade Ideas
joining FM, sold at 1.5522, gt mate
Richland QC Mailman 15:14 GMT January 10, 2011
eurusd
Ok folks, long euro again above 1.2905; bought also gbp above 1.5520's.
Lahore FM 15:05 GMT January 10, 2011
Trade Ideas
Buy USDJPY
Entry: 82.90 Target: 88.00 Stop: 82.20
long here.
to dr unken katt 15:03 GMT January 10, 2011
eurusd
i dont trust ur chart , euro is bouncih off the monthly support line , cant see it on daily
Lahore FM 15:01 GMT January 10, 2011
Trade Ideas
Sell GBPUSD
Entry: 1.5517 Target: 1.50 Stop: 1.5567
sold.
hk ooozmeeh 14:58 GMT January 10, 2011
eurusd
stp hit for break even, will reposition hgher...placing a pending sell @ 1,2860, gt
hk ooozmeeh 14:53 GMT January 10, 2011
eurusd
to, just trusting my chart sir, gt
hk ooozmeeh 14:48 GMT January 10, 2011
eurusd
stop loss to break-even
to dr unken katt 14:47 GMT January 10, 2011
eurusd
euro is long , stop your mambo-jambo
hk ooozmeeh 14:41 GMT January 10, 2011
eurusd
eurusd, break of low may send euro 1.2700 level, above 1.2960 may visit 1.3000+, imho, good trades
Richland QC Mailman 14:31 GMT January 10, 2011
testing trades
Closed likewise the remaining usd/cad short with very tiny gain. Flat for now. Whew! That was close.
Richland QC Mailman 14:28 GMT January 10, 2011
testing trades
eURO - saw this double top at around 1.2936/39 so had to disengage everything. Looks like it is playing a temporary range 1.2875 - 1.2935.
Richland QC Mailman 14:23 GMT January 10, 2011
testing trades
I closed all my gbp, eur longs for some good gains except 1 usd/cad. This market is amazingly CRAZY.
Caribbean! Rafe... 14:22 GMT January 10, 2011
testing trades
mailman// My model gave me 12875 as a pivot but market traded at 12874 so far, I might just jump it and close it out since the original trend is down, if it goes my way and I move to b/e then it's no stress for me.
Syd 14:19 GMT January 10, 2011
Moody’s: EC Bank Debt Bail-In Rules Could Deter Investors
Reply
European Commission plans to hand regulators
statutory powers to haircut the value of senior debt in cases where loss-sharing was needed for a bank to remain viable could deter investors, according to ratings agency Moody’s Weekly Credit Outlook.
MarketNewsInternational
hk ooozmeeh 14:18 GMT January 10, 2011
eurusd
Reply
Sell EURUSD
Entry: 1.2929 Target: 1.2762 Stop: 1.2973
sold eurusd 1.2929
Caribbean! Rafe... 14:17 GMT January 10, 2011
testing trades
i got impatient on yen and did a market order on it but then my limit kicked in at the exact pip too...lol. now i am running 2 possies on yen but will close out 1 at 8017 the rest at 7887
Israel dil 14:16 GMT January 10, 2011
GBP/CHF
lightning?
Richland QC Mailman 14:15 GMT January 10, 2011
testing trades
Wow. That we be so sweet if it goes there. 1.2950 is R1. I almost thought 1.2870 would break down earlier.
Caribbean! Rafe... 14:13 GMT January 10, 2011
testing trades
mailman// my initial target is 13340 on euro, just waiting till it goes my way so that i can move stops to b/e and let it run to my tpl.
Richland QC Mailman 14:11 GMT January 10, 2011
testing trades
Initial at 2950/45 will scale down possies.
Caribbean! Rafe... 14:08 GMT January 10, 2011
testing trades
what's your euro long target?
tia gl gt
Richland QC Mailman 14:07 GMT January 10, 2011
testing trades
Hi Rafe. Did not post earlier but yours truly have 1 lot @9897. Have euro and gbp longs too.
Caribbean! Rafe... 14:03 GMT January 10, 2011
testing trades
Mailman// Looking to long AUD if it's above 9974 but it has to go to mid 98xx first.
Richland QC Mailman 13:52 GMT January 10, 2011
testing trades
On the contrary, have 2 possies selling the pair above 9960.
Israel dil 13:47 GMT January 10, 2011
short aud/nzd?
earthquake versus floods trade
atlanta blahblah 13:41 GMT January 10, 2011
short aud/nzd?
Reply
Sell AUDNZD
Entry: Target: Stop:
any thoughts about shorting aud/nzd?
worst flooding in over 100 years. and the rain hasnt stopped.
i would expect the aud to slow down relative to the nzd for a few weeks and then take off like a beast when reconstruction and repair begins.
hk ooozmeeh 13:33 GMT January 10, 2011
EUR/USD news side
History has tried hard to teach us that we can't have good government under politicians. Now, to go and stick one at the very head of the government couldn't be wise.
- MARK TWAIN New York Herald, 26 August 1876
LOL good trades to you
Lahore FM 13:29 GMT January 10, 2011
Trade Ideas
Buy EURCHF
Entry: 1.2449 Target: Stop: 1.2415 for half
01/10/2011 09:06:56 FM Lahore 2
Buy EURCHF
Entry: 1.2449 Target: Stop: 1.2415
long eurchf here with a tight sl.
--
half clsoed 1.2489 now.sl remains as before.target 1.28.
Madras Neo 13:29 GMT January 10, 2011
testing trades
Reply
Buy USDCAD
Entry: 0.9964 Target: 1.0032 Stop: 0.9914
Sellers @ oil are increasing day by day.. n options have huge loads of shorts happening now..so expect u cad to be up..gl n gto all.. cheers Neo
Madras Neo 13:25 GMT January 10, 2011
New try newy yr
@ prague there is nthg techie here.. buyers are very low.. moreova some of the big institutions have gone short. just folle the trend.. trend is ur friend..i might be absolutely wrong.. as per my own analysis i feel the dwn trend is abt to start..gl n gto to all n u..Cheers.. Neo
Israel dil 13:04 GMT January 10, 2011
EUR/USD news side
Reply
yesterday, the article linked below published only in German. followed by denials through many news services (including Bloomberg & Reuters).
Pressure Mounts for Portugal Bailout
today, same publisher does it again but in more languages. now just make your mind, who is right? the one initially reported and keep on reporting or the one denied yesterday but does not bother to deny again today?
GVI Forex Blog 13:03 GMT January 10, 2011
Reply
Today is like a post-Katrina (i.e. disaster) type event where the market steps back to assess the damage. In this case the technical damage to the EUR/USD
Tech Talk -Katrina Type Event
jkt-aye 12:28 GMT January 10, 2011
GBP/CHF
is it 1.5160 before 1.4760 ?
Cambridge Joe 12:25 GMT January 10, 2011
GBP/CHF
dil// many thanks for the explanation.
It seems that my difficulty always has been and probably will being a 'micro-man' !
So the girls tell me anyhow !
LOL !
;-)
GVI Forex Jay 12:20 GMT January 10, 2011
Tech Talk
12:20 GMT (Global-View.com) January 10 - Today is like a post-Katrina (i.e. disaster) type event where the market steps back to assess the damage. In this case the technical damage to the EUR/USD (also its crosses) after last week’s meltdown was severe and opens the door to further losses on the downside (e.g. 1.2796, 1.2645, 1.2626 and 1.2587) while below 1.2968 and 1.3000.
However, the pause on Monday after the initial gap lower has seen steep trendlines broken on both 1 and 4 hour charts. The steep slope of these lines made them vulnerable to a pause but it has at least slowed the move. On the other side, 1.2950 = the daily pivot and only above it would suggest more of a retracement risk. 1.2968 = former support/breakout level and 1.2980 = R1 block a return to 1.3000.
Looking ahead, test for the euro will come with peripheral bond auctions this week:
- Greece 26-week bills on Tuesday.
- Portugal 2014 and 2020 bonds, Italy 2015 bonds on Wednesday
- Spain auction 2016 bonds on Thursday
The reaction to the dent auctions will give a clue how much negative news is already discounted. In any case, expect a limited EUR/USD upside ahead of the results, especially while it stays below 1.2968 and 1.3000.
Israel dil 12:14 GMT January 10, 2011
GBP/CHF
Cambridge Joe 10:19
limiting profits is exactly the same as limiting losses even if the wording is completely opposite. about that specific GBP/CHF short trade, I used roughly 20 pips above day/week high as stop with thoughts to make it even stop and reverse :-)
if 1.5075 taken then 200 pips higher will happen with 24 hours after that happens. my trading idea currently with one of the oldest crosses in this business.
prague mark 11:36 GMT January 10, 2011
New try newy yr
Neo, why this level from tech perspective?
Madras Neo 11:34 GMT January 10, 2011
New try newy yr
Reply
Sell EURUSD
Entry: 1.2936 Target: 1.2687 Stop: 1.2991
Gl gt to all.. hope it goes in my favour.. expecting a major slump @ NY open.. cheers Neo
GVI Forex Blog 11:27 GMT January 10, 2011
Reply
Global inflation data return to centre stage this week, with various consumer and producer price readings due. Although core rates of inflation remain close to historical lows, recent months have seen a noticeable increase in inflation expectations in the US, UK and Euro-zone
ECONOMIC DATA ANALYSIS - MPC to look through mounting inflation pressures
tokyo rana 11:19 GMT January 10, 2011
jpy
Reply
eur and aud start some shining...
Cambridge Joe 11:14 GMT January 10, 2011
GBP/CHF
JP// many thanks for the clarification.
Sorry to be a dumass !
Usually.... if I saw +60 I'd think all my Christmas' had come at once !
LOL !
Thanks again ;-)
Kaunas DP 11:12 GMT January 10, 2011
long EUR/USD
Kaunas DP 08:00 GMT January 10, 2011
long EUR/USD: Reply
as per "fake spike down" decided to buy at 1.2892; SL 1.2870; TP open
_ _ _ _
SL to BE; TP 1.2975
Mtl JP 11:09 GMT January 10, 2011
GBP/CHF
to clarify: ...IF you half-take
GVI Forex john 11:07 GMT January 10, 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.
Cambridge Joe 10:58 GMT January 10, 2011
GBP/CHF
JP// thanks.... was on the phone hence delay.
Far too logical for me.... but I'll try to get my head 'round it !
Setting up new office set-up for today.
New workspace, kit etc.
For me... USDCAD has topped for now.
GVI Forex Blog 10:50 GMT January 10, 2011
Reply
11:00 GMT (Global-View.com) January 10- It is curious that an as expected December U.S. employment report would have been behind the USD making watershed gains against the EURUSD.
Daily GVI Forex Forex View- Firm USD
GVI Forex Blog 10:47 GMT January 10, 2011
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Have you ever felt like the forex market has eyes? It can somehow find your stop, just before it changes direction and moves in what would have been your favor
Forexpros Daily Analysis - 10/01/2011
Mtl JP 10:37 GMT January 10, 2011
GBP/CHF
Joe 10:19 - if I may pipe in:
consider that IF you take - say - 30 pips off the table market has to move 60 pips from that pricepoint against you in order to make your trade zero gain (ignoring spread)
Gen dk 10:26 GMT January 10, 2011
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Trading Signals Updated:
CLICK HERE for more Gen dk information
Cambridge Joe 10:19 GMT January 10, 2011
GBP/CHF
dil// in your post you spoke of trailing stops.
I've never managed to do any good with them myself !
I'm either in or out.... and neatly avoid lots of profit because of that.
Would you be kind enough to shed a bit of light on what sort of levels you use ?
If you prefer, my email contact is in the members section.
TIA.
Joe
Syd 09:47 GMT January 10, 2011
Problems in Europe could end up dragging growth in China
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Problems in Europe could end up dragging growth in China, hit commodity prices and derail the nascent American recovery, according to Satyajit Das, the author of "Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives “Any slowdown in Europe would affect Chinese growth. China is also a major holder of euro sovereign bonds, standing to lose significantly if problems continue,” Das said
“A slowdown in China would affect commodity markets, both volumes and prices, and commodity exporters such as Australia and South Africa. Minutes of a 7 December 2010 from the central bank of Australia, one of the world’s best performing economies, indicated increasing concerns about developments in Europe,” Das said.
http://www.cnbc.com/id/40996902
Hong Kong 09:31 GMT January 10, 2011
AUD/USD Daily Market Outlook by AceTrader
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AUDUSD
Entry: Target: Stop:
INTRADAY TRADING SIGNAL BY ACETRADER.COM: AUD/USD
AUD/USD : 0.9909
Last Update At 10 Jan 2011 08:52 GMT
Aud's breach of Friday's low of 0.9908 after
meeting renewed selling at 0.9939/40 suggests fall
fm 28-yr high of 1.0257 has resumed n further weak-
ness to 0.9890 cannot be ruled out, however, loss
of momentum shud keep price well abv 0.9863.
Wud be prudent to stand aside for now n look to
buy dips on next decline for day trade.
Range Forecast
0.9905 / 0.9935
Resistance/Support
R: 0.9939/0.9982/0.9993
S: 0.9890/0.9863/0.9830
http://www.acetraderfx.com
Israel dil 09:15 GMT January 10, 2011
GBP/CHF
don't you read the thread? left half running.
to dr unken katt 09:11 GMT January 10, 2011
GBP/CHF
u should hav taken the shorts dude
Lahore FM 09:06 GMT January 10, 2011
Trade Ideas
Buy EURCHF
Entry: 1.2449 Target: Stop: 1.2415
long eurchf here with a tight sl.
Syd 09:00 GMT January 10, 2011
UBS Goes Short EUR/USD At 1.29
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UBS has entered a short EUR/USD trade at 1.29, with a stop at 1.3150 and a take profit level of 1.2450. The bank notes euro-zone bond spreads widened sharply last week and EUR/USD broke below 1.30 conclusively for the first time since September, a move which is likely to draw more technical traders into shorting EUR/USD. On top of this, UBS says the markets are likely to get increasingly worried about Portugal's bond auction this Wednesday and Spain's on Thursday. Risks to the trade come from positioning as the market gets over-short euros, any large peripheral bond buying from a large official investor outside the euro zone, and increased bond purchases by the ECB to stabilize the bond market.
Israel dil 08:56 GMT January 10, 2011
GBP/CHF
currently banking stocks are trading more than 2% lower compared to Friday's closing prices. my day trades moving now into trailing stop mode.
to dr unken katt 08:46 GMT January 10, 2011
,,
g/y has broken daily PP
loox good
to dr unken katt 08:03 GMT January 10, 2011
,,
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g/swissy is quite performer tonite
Kaunas DP 08:00 GMT January 10, 2011
long EUR/USD
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as per "fake spike down" decided to buy at 1.2892; SL 1.2870; TP open
Hong Kong 07:01 GMT January 10, 2011
EUR/USD Intra-day signal by AceTrader
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EURUSD
Entry: Target: Stop:
INTRA-DAY EUR/USD OUTLOOK
Last Update At 10 Jan 2011 06:10 GMT
Rate : 1.2899
Euro's retreat after intra-day brief but strg
rebound fm 1.2860 (NZ) to 1.2929 suggests the reco-
very has possibly ended n consolidation with down-
ide bias wud be seen for weakness to 1.2885 n below
wud confirm n yield re-test of said sup.
Trade fm short side with stop as indicated, abv
wud risk stronger retrace. to 1.2944 b4 'down'.
Range Forecast
1.2875 / 1.2920
Resistance/Support
R: 1.2944/1.2985/1.3022
S: 1.2860/1.2843/1.2814
http://www.acetraderfx.com
GVI Forex Blog 07:00 GMT January 10, 2011
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Monday, 10 January 2011 4:39:28 PM
TradeTheNews.com Asian Market Update: Falling China trade surplus saps risk appetite; Australia faces prospects of more flooding
TradeTheNews.com Asian Market Update:
Syd 05:34 GMT January 10, 2011
1974 comes flooding back as Brisbane on alert
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As rain continues to fall on south-east Queensland, flooding rivers and swamping towns, the risk of Brisbane flooding like it did in 1974 grows higher.And Professor Stone says we are yet to see the tropical cyclones usually spawned out of the Coral Sea during these kinds of weather patterns.
LINK
Hong Kong 03:56 GMT January 10, 2011
Support, Resistance and Range Forecast by AceTrader
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INTRA-DAY USD/JPY:
Last Update At 10 Jan 2011 02:16 GMT
Range Forecast
82.95 / 83.30
Resistance/Support
R: 83.30 / 83.40 / 83.70
S: 82.85 / 82.55 / 82.28
-------------------------
INTRA-DAY EUR/USD:
Last Update At 10 Jan 2011 02:19 GMT
Range Forecast
1.2900 / 1.2930
Resistance/Support
R: 1.2944/1.2985/1.3020
S: 1.2860/1.2843/1.2814
--------------------------
INTRA-DAY USD/CHF:
Last Update At 10 Jan 2011 02:59 GMT
Range Forecast
0.9630 / 0.9660
Resistance/Support
R: 0.9699/0.9708/0.9735
S: 0.9629/0.9600/0.9585
---------------------------
INTRA-DAY GBP/USD:
Last Update At 10 Jan 2011 03:26 GMT
Range Forecast
1.5535 / 1.5569
Resistance/Support
R: 1.5579/1.5600/1.5628
S: 1.5505/1.5495/1.5465
http://www.acetraderfx.com
Syd 03:24 GMT January 10, 2011
No Major Currency Should be Considered Safe
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Andreas Hoefert, chief economist & global head of wealth management research at UBS, forecasts the euro could fall as low as $1.20 amid euro zone debt worries. He previews Portugal's upcoming debt auction, with CNBC's Martin Soong & Sri Jegarajah.
http://www.cnbc.com/id/15840232?video=1732944910&play=1
China's trade surplus narrowed in December to $13.08 billion from $22.9 billion in November according to China customs data earlier. The surplus narrowed more than economists' expectations for a $21.7 billion surplus.
Hong Kong 02:02 GMT January 10, 2011
Daily FX Market Outlook by AceTrader-10-1-2011
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Market Review - 07/01/2011 18:57 GMT
Euro tumbles to 4-month low despite weaker-than-expected U.S. payrolls report
The single currency fell broadly on Friday as renewed euro zone sovereign risk pressured the euro. Although eur/usd managed to stage a strong rebound from 1.2945 to 1.3020 after release of weaker-than-expected December U.S. non-farm payroll data, the pair swiftly dropped again in New York as U.S. unemployment rate unexpectedly fell to its lowest level in 19 months, offsetting initial disappointment in US jobs market, the single currency later tumbled to a 4-month low of 1.2906 before stabilising.
U.S. non-farm payroll came in an increase of 103,000 in December against the consensus forecast of +175,000 and +39,000 in November, while the U.S. unemployment rate unexpectedly dropped to 9.4% in December from 9.8% in previous month.
Versus other currencies, the euro tumbled to 4-month lows of 0.8299 and 106.94 against the British pound and Japanese yen respectively on Friday, while eur/chf also fell to near its all time low of 1.2398 (Dec 30) to 1.2450 in New York afternoon.
Cable fell initial to 1.5407 in Europe on broad-based firmness in greenback, however, active cross-buying in sterling versus the euro lifted the pair there on speculation that UK economy will outperform the common currency bloc and sterling later rallied in U.S. session after release of weaker-than-expected U.S. non-farm payroll data and touched a session high of 1.5579 before easing.
The dollar weakened against the Japanese yen after the release of U.S. jobs reports and usd/jpy pared its intra-day gain and dropped sharply from 83.70 to 82.90 in New York on fall in U.S. Treasury yields.
Earlier, ECB President Trichet said on Friday that he saw no danger of inflation taking off in euro zone, and he also called for governments to consolidate their finance and added the European Union budget rules should not be stricter than those proposed by the Commission. He also added that the bond purchase was part of efforts to stave off Europe's debt crisis and to get the markets back into order and most economists believed the ECB was focusing its purchases almost exclusively on euro zone debt trouble spots Ireland, Greece and Portugal.
Federal Reserve Chairman Bernanke testified before the senate budget committee on Friday and said that decline in the unemployment rate would be likely to be slow even with a pickup in U.S. growth this year, signaling no change in the central bank's monetary stimulus.
Markets in Japan will be closed on Monday due to 'Coming of Age Day' holiday.
Economic indicators to be released next week include:
New Zealand trade data, Australia retail sales, Switzerland retail sales, Canada building permits on Monday; Japan current account and leading indicators, UK RICS house prices, Australia trade balance, Canada housing starts and US wholesale inventories on Tuesday; Japan machine orders, trade balance and Economic watch DI, UK trade balance, Canada new housing price index, and US export price index and Fed budget on Wednesday; UK industrial production, manufacturing and Band of England rate decision, Canada trade data, and US trade balance, jobless claims and PPI on Thursday; and Japan Domestic CGPI, Germany CPI final and HICP final, Switzerland Combined PPI, UK PPI and CPI, and US retail sales, real earnings, industrial production, capacity utilisation and business inventories on Friday.
http://www.acetraderfx.com
Syd 01:07 GMT January 10, 2011
Aussie Sales Reinforce RBA On Hold 1H11 - UBS
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Australia's November retail sales figures (+0.3% on-month) illustrate why the RBA will likely be on hold through 1H11, especially given the wet weather coupled with higher mortgage costs mean consumers will remain very cautious, says UBS Chief Economist Scott Haslem. "We expect only a modest improvement in retail spending near-term. Overall, today's data reinforce our non-consensus view that the RBA will be on hold for most, if not all, of the first half of 2011."
Syd 00:38 GMT January 10, 2011
Retail job ads crumble
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The number of jobs advertised in Australia fell 2.3 per cent in December, the biggest fall since July 2009, a survey shows, with retailing posting among the biggest drops.
The December Advantage Job Index showed jobs advertised in the retail sector recorded a fall of 12.0 per cent followed by tourism and hospitality at 10.77 per cent.
LINK
Australia Nov Adjusted Retail Sales +0.3%; Consensus +0.3%
kl fs 00:05 GMT January 10, 2011
sell eurjpy
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eurjpy will see 106 pretty soon, that's the original target for the first two weeks of January anyway
this would probably happen as euro tanks while usdjpy move in tight range
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