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Forex Forum Archive for 01/11/2011

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GVI Forex Blog 22:34 GMT January 11, 2011 Reply   
The euro rallied on Tuesday on speculation euro zone officials could raise the effective lending capacity of the bloc's rescue fund and on talk of increased Portuguese bond buying by the European Central Bank.

FOREX NEWS - Euro up versus dollar but Portugal debt sale eyed

GVI Forex john 21:56 GMT January 11, 2011
GVI Forex Trading Support

GVI CHART POINTS
Entry: Target: Stop:

Trading Resources...



Tokyo Rana 21:41 GMT January 11, 2011
fx

Syd 21:31 GMT dear friend,thats wat iwanted to say i found she and action both very good many time but no perfect always...she was kept saying long eurusd but idid not went long iwaited for entry....audusd her target is met 1.02......actionforex many targets met also...keep ur good work...happy day

Cambridge Joe 21:20 dear friend,many thanx...........happy day,

GVI Forex john 21:40 GMT January 11, 2011
GVI Forex Trading Support

EUR PIVOT POINTS
Entry: Target: Stop:

Pivots	EURUSD	USDJPY	USDCHF	GBPUSD	USDCAD	AUDUSD	NZDUSD
Res 3	1.3098	84.47	0.9916	1.5790	0.9992	1.0079	0.7715
Res 2	1.3045	84.00	0.9851	1.5714	0.9971	1.0017	0.7677
Res 1	1.3011	83.62	0.9793	1.5665	0.9935	0.9944	0.7639

Pivot	1.2958	83.15	0.9728	1.5589	0.9914	0.9882	0.7601

Sup 1	1.2924	82.77	0.9670	1.5540	0.9878	0.9809	0.7563
Sup 2	1.2871	82.30	0.9605	1.5464	0.9857	0.9747	0.7525
Sup 3	1.2837	81.92	0.9547	1.5415	0.9821	0.9674	0.7487

dc CB 21:38 GMT January 11, 2011
TBTF Bank earnings week
Reply   
Just putting 2 and 2 together, timing?. As to what the effect would be, who knows.

Bank of America is the target of the next "megaleak" from WikiLeaks, according to a person who has close contact with top people at Wikileaks.

http://www.cnbc.com//id/41019090?utm_source=twitterfeed&utm_medium=twitter

GVI Forex john 21:38 GMT January 11, 2011
GVI Forex Trading Support

USD MOVING AVERAGES
Entry: Target: Stop:

Latest	EURUSD	USDJPY	USDCHF	GBPUSD	USDCAD	AUDUSD	NZDUSD
Last	1.2977	83.23	0.9736	1.5615	0.9900	0.9870	0.7602
High	1.2992	83.54	0.9785	1.5639	0.9949	0.9956	0.7638
Low	1.2905	82.69	0.9662	1.5514	0.9892	0.9821	0.7562
Change	0.0027	0.50	0.0061	0.0041	-0.0030	-0.0090	-0.0030

MVA	EURUSD	USDJPY	USDCHF	GBPUSD	USDCAD	AUDUSD	NZDUSD
5 day	1.3003	83.11	0.9678	1.5544	0.9933	0.9944	0.7599
10 day	1.3159	82.35	0.9527	1.5521	0.9953	1.0046	0.7660
20 day	1.3151	82.76	0.9558	1.5494	1.0022	1.0026	0.7565
50 day	1.3342	82.99	0.9728	1.5715	1.0075	0.9930	0.7612
100 day	1.3398	83.05	0.9806	1.5714	1.0177	0.9743	0.7497
200 day	1.3075	86.45	1.0337	1.5418	1.0257	0.9289	0.7277

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

Cambridge Joe 21:31 GMT January 11, 2011
fx

Wikipedia has this...

The Black Swan Theory or "Theory of Black Swan Events" was developed by Nassim Nicholas Taleb to explain:
The disproportionate role of high-impact, hard to predict, and rare events that are beyond the realm of normal expectations in history, science, finance and technology
The non-computability of the probability of the consequential rare events using scientific methods (owing to their very nature of small probabilities)
The psychological biases that make people individually and collectively blind to uncertainty and unaware of the massive role of the rare event in historical affairs.
Unlike the earlier philosophical "black swan problem", the "Black Swan Theory" (capitalized) refers only to unexpected events of large magnitude and consequence and their dominant role in history. Such events, considered extreme outliers, collectively play vastly larger roles than regular occurrences.

Oh good.... that's much clearer now...

Syd 21:31 GMT January 11, 2011
fx
Reply   
Israel dil 21:25 GMT good call, actually I do like Nicole Ellliot and find her quite good most of the time.

GVI Forex john 21:30 GMT January 11, 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.

Syd 21:26 GMT January 11, 2011
Gillard warns of $13 billion hit to economy
Reply   
Gillard warns of $13 billion hit to economy
Her determination to cut funds to other areas to fund relief and rebuilding in Queensland was labelled ''dangerous'' by the Reserve Bank board member Warwick McKibbin as news emerged of tumbling export earnings and a stalling of the Queensland economy.

''Look at the size of the Queensland economy relative to Australia. At the moment a fair chunk of it has just stopped,'' Professor McKibbin said.

''If you look at the infrastructure damage and all the networks that have been broken, a hit to the economy of 1 per cent is not out of the question.''

A 1 per cent hit to the economy would cost $13 billion.

Trade figures released yesterday showed coal exports slid 5 per cent in November as the wet weather gathered pace. Flooding has affected more than 40 mines and the Port of Gladstone has abandoned exports.

The ANZ economist Katie Dean said worse was to come with about 75 per cent of Queensland coal production having already stopped.

''Our initial estimate is the floods could drive a 25 per cent fall in coking coal export volumes and around a 9 per cent fall in thermal coal export volumes in January,'' she said. ''This could see exports alone strip 0.5 percentage points from [gross domestic product] in the quarter.''

Australia's trade surplus is expected to slip into deficit.

Professor McKibbin said the floods would weaken Australia's entire economy, which would need government support.

''Queensland is not a little island sitting out there somewhere north of Newcastle. There will be permanent loss of national income.

''It's not the time to cut spending. That's the mistake they made in Europe.

''Sure it's important not to have too much debt, but the idea that you have to have a particular surplus at a particular point in time no matter what is dangerous,'' he said.

http://www.smh.com.au/environment/weather/gillard-warns-of-13-billion-hit-to-economy-20110111-19mry.html

Israel dil 21:25 GMT January 11, 2011
fx

Syd 21:09

some say the black swan event is when her call comes out as right :-)

Tokyo Rana 21:21 GMT January 11, 2011
fx

Syd 21:09 GMT dear friend,thanx for post...idid not understand ur post...but ithink she is still very good bcoz in these markeets no body 100% perfect but from her prediction we can get some good ideas donot just always trade on her predictions... ido look everyday mizho bank actionforex dailyfx and many other home pages everyday ithink these all companies very good for get ideas...but i always trade with my own mind im only decider bcoz its my money.....happy day

Cambridge Joe 21:20 GMT January 11, 2011
jpy!!!!!!!!!!!!!!

Rana// thanks for the links... looks V interesting !
I'll keep them for reference.

Cheers !

dc CB 21:15 GMT January 11, 2011
What's the buzz?

fyi
Starting this friday with JPM thru next friday with Bank America (BAC), US big -TBTF -banks will be reporting earnings.

Syd 21:15 GMT January 11, 2011
Coal production grinds to a halt because of Queensland floods
Reply   
COALMINES and rail infrastructure in Queensland continue to shut down as the flooding worsens, prompting US producers to fill the vacuum.
Miners, particularly in Central Appalachia, are fielding inquiries from overseas buyers.
"It puts us in a terrific position," Ted Pile, a vice-president at Abingdon-based Alpha Natural Resources, told The Wall Street Journal. "Buyers are becoming more flexible on their coal specifications, knowing that much of the high-quality, hard-coking coal is tied up or under water."
http://www.theaustralian.com.au/business/coal-production-grinds-to-a-halt/story-e6frg8zx-1225985858278

Syd 21:09 GMT January 11, 2011
fx
Reply   
Tokyo Rana 20:29 GMT but is she Black Swan proof :-))

dc CB 20:55 GMT January 11, 2011
What's the buzz?

15:46 Alaska pipeline officials seek approval for temporary restart; purpose of restart is to raise temperature of oil in pipeline - CNBC
Leak has not been stopped or isolated.

GVI Forex john 20:53 GMT January 11, 2011
GVI Forex Trading Support

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

GVI Forex Blog 20:31 GMT January 11, 2011 Reply   
AUD/USD and NZD/USD outlook next 24 hours: AUD's January decline remains intact, and resistance today at 0.9900 should cap activity, a break below 0.9820 more likely. NZD has been stuck inside a 0.7550-0.7650 sideways range since 6 January, an eventual test of the lower boundary more likely.

Forex - Morning Report (Westpac)

Tokyo Rana 20:29 GMT January 11, 2011
jpy!!!!!!!!!!!!!!
Reply   
Buy EURUSD
Entry: Target: Stop:

this person almost perfect always....look these links....

audjpy and audusd............

http://www.mizuho-cb.co.uk/TresInternet/TECHNICALS/FX_-_AsiaPacific.htm

yen pairs.................

http://www.mizuho-cb.co.uk/TresInternet/TECHNICALS/FX_-_AsiaPacific.htm

europe.............

http://www.mizuho-cb.co.uk/TresInternet/TECHNICALS/FX_-_Europe.htm

gbp......................

http://www.mizuho-cb.co.uk/TresInternet/TECHNICALS/FX_-_Sterling.htm

happy day

GVI Forex john 20:10 GMT January 11, 2011
What's the buzz?

dil- I have no way of giving you a meaningful probability. Any thing is possible, and even likely.

All I know is that that most "barriers" are just numbers, not ceilings or floors. Some institutional traders make a very nice living of running stops above or below the market. Nevertheless, the tone of the markets could quickly change if the EURUSD establishes itself above 1.3000. Just as BELOW 1.3000 it has a weak psychological tone.

Hope this helps!

GVI Forex Blog 20:10 GMT January 11, 2011 Reply   
USD/JPY (a 4-hour chart of which is shown) as of Tuesday (1/11/2011) has climbed once again to approach the 83.70 high that was reached late last week

USD/JPY Remains Bullish Off Retracement

dc CB 20:09 GMT January 11, 2011
POMO and Auctions
Reply   
Permanent Open Market Operations: The Fed purchased $7.80 bln of 2016/2017 maturities through Permanent Open Market Operations as dealers looked to put back $21.10 bln.

There is no POMO tomorrow, but the Fed will announce its new POMO schedule.

$32 bln 3-yr note auction draws 1.027% (Expected 1.034%), 3.06x Bid/Cover, 39.4% Indirect Bidders, 16.2% Direct Bidders

there is a 10Y tomorrow and a 30Y on Thurs.

dc CB 20:05 GMT January 11, 2011
What's the buzz?



AUD
New Flooding Rain Threat to Australia
Thunderstorms will unleash cloudbursts of potentially flooding rain in a corridor across central and southern Australia on Wednesday and Thursday.

The at-risk corridor will stretch across the remote desert outback of Northern Territory to settled areas of South Australia and Victoria between Adelaide and Melbourne.

http://www.accuweather.com/blogs/news/story/44241/new-flooding-rain-threat-to-au.asp

Singapore SGFXTrader 20:00 GMT January 11, 2011
What's the buzz?

Buy EURUSD
Entry: Target: Stop:

Someone is preventing Eurusd from going above 1.30 at the moment.

They are collecting before the next wave up =)

Israel dil 19:54 GMT January 11, 2011
What's the buzz?

John, as you are very experienced in the markets, what are the odds you personally give to that EUR/USD will start new leg down below 1.2850 without spike above 1.30 first?

even by one pip or even for a tick time frame. TIA

GVI Forex john 19:48 GMT January 11, 2011
What's the buzz?

- Mildly surprised the EURUSD has not tested 1.3000 so far today.
- 1.3000 line still potentially in play.
- EUR holding well on its crosses.
- AUD getting hit hard. same for AUDNZD

Gen dk 19:36 GMT January 11, 2011 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Israel dil 19:33 GMT January 11, 2011
gbp/usd

Sell GBPUSD
Entry: 1.5610/60 Target: Stop: 1.5735

target: depends on the price action the coming 8 hours

Syd 19:30 GMT January 11, 2011
Job ads falling; $A strength adds to Queensland woes
Reply   
NEWSPAPER job ads dropped 8.5 per cent last month in Queensland, the largest fall of any state, according to ANZ's job ads index.The impact of heavy rains and the higher Australian dollar on tourism and hospitality in the Queensland economy may be important drivers of Queensland's sharp 8.5 per cent decline in newspaper job ads," said ANZ economist Katie Dean. A stronger dollar makes Australia a more expensive destination for overseas tourists while prompting more Australians to holiday abroad.

Warning as Brisbane CBD power cut today
LINK

Back in the Old Euro Denial Routine
governments of Greece, Ireland and now Portugal have been and are being forced to accept a bailout, without an individual euro-zone government leader having to go public and on the record.
This tactic saves the appearance of a euro zone that still comprises independent nations free to exercise their sovereignty, while in fact giving preference to the needs of the euro zone as an entity.

Governments that are reluctant to admit failure because of the domestic political consequences are forced to take action that is considered necessary for the good of the currencyA generally accepted form of money, including coins and paper notes, which is issued by a government and circulated within an economy. Used as a medium of exchange for goods and services, currency is the basis for trade. area as a whole, and prevent contagionThe likelihood that significant economic changes in one country will spread to other countries. Contagion can refer to the spread of either economic booms or economic crises throughout a geographic region. .
Shortly after the Irish government agreed to take €67.5 billion ($87.4 billion) in loans from the EUA group of European countries that participates in the world economy as one economic unit and operates under one official currency, the euro. The EU's goal is to create a barrier-free trade zone and to enhance economic wealth by creating more efficiency within its marketplace. and the IMFAn international organization created for the purpose of: Promoting global monetary and exchange stability. Facilitating the expansion and balanced growth of international trade. Assisting in the establishment of a multilateral system of payments for current transactions. , Minister for Justice Dermot Ahern gave his version of what had just happened.

"There were people from outside this country who were trying to bounce us ...into making an application-throwing in the towel before we had even considered it as a government," Mr. Ahern told state broadcaster RTE Radio in late November.

Interestingly, he was already able to identify the next candidate for similar treatment.
"If you notice they are doing the same with Portugal now because they fear that Portugal will now cause contagionThe likelihood that significant economic changes in one country will spread to other countries. Contagion can refer to the spread of either economic booms or economic crises throughout a geographic region. ," he added.

Of course, international diplomacy isn't a practice for the faint hearted, and many ruthless tactics have been employed on the grounds that the ends justify the means.
Except that, thus far, the euro zone's preference for "bouncing" members into taking help hasn't prevented contagion. Already economists are calculating how much it will cost to rescue Spain, which is seen as next on the list for help."Given the fact that the existing funding facilities will not be large enough to provide full three-year funding to Spain, we regard a significant extension of the facilities as necessary in orderThe instruction, by a customer to a brokerage, for the purchase or sale of a security with specific conditions. to calm markets," economists at Citigroup wrote in a note Monday.The Spanish government is aware of this, which possibly explains why it alone has been vocal in denying that Portugal requires help.
"Portugal will not need a bailout," Spanish Minister of Finance Elena Salgado said in a radio interview Monday.
http://www.fecima.com/201101115492/
Currencies/back-in-the-old-euro-denial-routine.html





Gen dk 19:24 GMT January 11, 2011 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

tokyo rana 19:21 GMT January 11, 2011
buy or sell

Sell GBPUSD
Entry: light short 1.60 heavy short 1.63 double top Target: 1000/3000pips Stop: 1.65

orders placed if seen.......happy day

tokyo rana 19:19 GMT January 11, 2011
buy or sell

ithink best way donot short gbpusd....if u have to short gbp than gbpchf or gbpjpy is best choice if usd$ little weaken then 1.60/1.63 very easy short....gbpchf stop above 1.57...gbp is going up for some reason donot take it easy....happy trade,

Tehran k.k 19:05 GMT January 11, 2011
buy or sell

Katt, you mean 1.5630 is good level for shorting Gbp/Usd?

to dr unken katt 19:03 GMT January 11, 2011
buy or sell

good levels to short for the rest of thw week

Tehran k.k 18:57 GMT January 11, 2011
buy or sell

Thank you Katt for being helpfull.

to dr unken katt 18:49 GMT January 11, 2011
buy or sell

so if the cable doesnt closes above 5630 today its still short

to dr unken katt 18:45 GMT January 11, 2011
buy or sell

http://londonftp2.rtv.thomsonreuters.com/outputplayer/?filename=110111CMCMarkets&aspect=169

to dr unken katt 18:39 GMT January 11, 2011
buy or sell

some guy wrote

In a matter of a few (very few) days we'll have a death cross on EURUSD (55dma under 1dma) that ought to take us, finally, to that 26s, and further. Maybe tomorrow's European auctions would serve as a catalyst. But the death cross is pretty much inevitable now

to dr unken katt 18:38 GMT January 11, 2011
buy or sell

EURO CAT BOUNCE RUNNING OF LIVES as the highs get lower ahead of Portugals auction of 1.25 bln in 5 and 10 year bonds (Wednesday) and Spains auction of 3bln in 5-year bonds (Thursday) will be scrutinized in terms of subscription as well as resulting yield. The 200-day MA at $1.3070-80 stands as the immediate barrier for any recovery, but position traders who are short the pair ought to be comfortable with stops above $1.3280.

My BNN interview eralier today

http://www.bnn.ca/News/2011/1/11/Greece-sells-T-bills-eyes-on-Portugal.aspx

Gen dk 18:34 GMT January 11, 2011 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

to dr unken katt 18:34 GMT January 11, 2011
buy or sell

its got smhg to do with the portugal and other countries

they auction the gov bonds i think

im not sure , overheard somewhere

perhaps someone has more input

nyc s 18:30 GMT January 11, 2011
buy or sell

what debate?

to dr unken katt 18:26 GMT January 11, 2011
buy or sell

due to the euro zone debate tommorow in europe
i thing $ is is gonna profit

Chicago tt 18:20 GMT January 11, 2011
buy or sell
Reply   
Do we buy or sell or wait for a new ball game tomorrow? With all the euro cross buying it should have tested 1.30 but maybe it happens with a one day lag.

to dr unken katt 17:49 GMT January 11, 2011
why Belgium ? they r doin ok , exept they dont hav the goverment for almost a year

GVI Forex Blog 17:42 GMT January 11, 2011 Reply   
Japanese plans give EUR bid, for now Belgium on traders' radar: next after Iberians? CNY rockets ahead of Hu visit ECB and BoE expected to keep rates steady

Forex Market Commentary and Analysis (11 January 2011)

to dr unken katt 17:30 GMT January 11, 2011
.
Reply   


cable hit the resist line on 4hr
euro still in the range

Richland QC Mailman 17:20 GMT January 11, 2011
gbp/usd

Closed the short on the break of 1.5600. Reinstated shorts 1.5630's. Let us see.

Gen dk 17:16 GMT January 11, 2011 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

GVI Forex john 17:14 GMT January 11, 2011
What's the buzz?

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

- EURUSD holding. Test of 1.3000 in store ?
- EUR holding well on its various major crosses.
- Worries about Europe abating? JPY and CHF weaker.
- Auction week. 3-yr auction in less than an hour.
- Commodity currencies (AUD, CAD, NZD) mixed. AUD weaker. Flood worries?
- Gold, Silver and crude are stronger.

Lahore FM 17:08 GMT January 11, 2011
Trade Ideas

Bro Rana many thanx! i am not long but short eurusd and also long usdjpy incidentally!

Tokyo Rana 17:04 GMT January 11, 2011
Trade Ideas

Lahore FM 17:01 dear brother,very nice trade as always.....we are now in same boat euro long....keep ur nice work....happy day,

Lahore FM 17:01 GMT January 11, 2011
Trade Ideas

Buy EURCHF
Entry: 1.2449 Target: Stop: 1.2449 for 1/2

01/10/2011 13:29:43 FM Lahore 26

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.
--
closed rest of it at 1.2660 now for 211+ in all.

Tokyo Rana 17:00 GMT January 11, 2011
jpy!

Buy AUDUSD
Entry: correction Target: Stop:

Entry: avg0.99 Target: 1.0186/1.04 maybe it take month time Stop: later

to dr unken katt 16:56 GMT January 11, 2011
jpy!

unless the north koreans show up on the shores of Yokahama
askin for directiond to the capitol

Cambridge Joe 16:56 GMT January 11, 2011
GBP

may venture a cable short from 5613....

Burned my fingers so much today... need more elastoplast...

Tokyo Rana 16:51 GMT January 11, 2011
jpy!


Entry: avg0.99 Target: 1.0186/1.04 maybe it take month time Stop: later

happy day

GVI Forex john 16:51 GMT January 11, 2011
GVI Forex Trading Support

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

Mtl JP 16:49 GMT January 11, 2011
GBP

why ?
gbp 2 Std Dev only at 1.5676

Tokyo Rana 16:48 GMT January 11, 2011
jpy!
Reply   
Buy EURUSD
Entry: 1.288 avg now 1.3035 Target: 1.33/1.35/1.38 or maybe 1.40/1.45 Stop: 1.25

keep short usd$ against jpy aud and euro for 300/1000pips...but possible usd $ little more strenth...happy day

Macau JJ 16:46 GMT January 11, 2011
GBP
Reply   
GBP is amazing

GVI Forex Blog 16:35 GMT January 11, 2011 Reply   
European indices have risen sharply in trading today and recouped their losses from Monday's session, driving modest gains in US trading. The word is that European leaders are currently negotiating

TradeTheNews.com US Market Update

Israel dil 16:27 GMT January 11, 2011
NEWS roll coaster

placed limit for half 105 pips above day low.

Lahore FM 16:19 GMT January 11, 2011
Trade Ideas

Sell EURUSD
Entry: 1.2954 Target: 1.26 Stop: 1.3005

sold.

to dr unken katt 16:14 GMT January 11, 2011
us wholesale inventory data

Stocks gained, halting a three-day drop for U.S. benchmark indexes, and the euro rose versus the yen amid higher-than-forecast profits and Japan’s pledge to help ease the debt crisis that forced Ireland and Greece to seek bailouts. Australia’s dollar fell as floods worsened

Mtl JP 16:11 GMT January 11, 2011
us wholesale inventory data

ship-owners appear to be fighting for inventory-restocking freight
BDI
Friday sees US retail sales for december, not sure if minus returns

GVI Forex john 16:07 GMT January 11, 2011
GVI Forex Trading Support

CALENDAR
Entry: Target: Stop:

January 11 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, January 12:

  • Far East: No key data expected.
  • Europe: GB- Trade. EZ- Industrial Production.
  • North America: U.S.- Weekly Mortgages, Import Prices, Weekly Energy data, 10-yr Note auction.
Updated: Trading Events Calendar

Israel dil 16:05 GMT January 11, 2011
NEWS roll coaster

added at 1.2940 and stop for both now at 1.2931

GVI Forex Blog 16:03 GMT January 11, 2011 Reply   
AUD/USD (a daily chart of which is shown) as of Tuesday (1/11/2011) has dropped to break down below a key parallel uptrend channel extending back to the June 2010 lows.

AUD/USD Falls Off Uptrend Channel

London SMS 16:02 GMT January 11, 2011
Short Cable
Reply   
Sell GBPUSD
Entry: 1.5580 Target: 1.50 Stop: 1.57

New Short. To hold long term and build.

Israel dil 15:57 GMT January 11, 2011
NEWS roll coaster

1.2920 was initial entry, looking to add the towards 1.30+

day trade, what ever in the green will be happily taken :-)

Boston BR 15:56 GMT January 11, 2011
us wholesale inventory data

I was thinking in terms of forex market reaction.

GVI Forex john 15:51 GMT January 11, 2011
us wholesale inventory data

Atlanta- that is a fair point, but we are still trying to measure demand.

Boston- I would say it is more of a second-tier than a third-tier indicator. Professional economists watch it closely as it can have a decisive and major impact on the GDP calculation. Markets usually don't think that deeply but they are very sensitive to GDP.

Boston BR 15:42 GMT January 11, 2011
us wholesale inventory data

Atlanta that is a 3rd tier indicator.

GVI Forex john 15:42 GMT January 11, 2011
GVI Forex Trading Support

UPDATED Global-View Trading Events Calendar. Scheduled market-moving items.
Be sure to refresh forum after news to update Countdown Clock.

Richland QC Mailman 15:37 GMT January 11, 2011
gbp/usd

Short now 1.5562.

atlanta blahblah 15:31 GMT January 11, 2011
us wholesale inventory data

whoops that didnt make complete sense:

does the interpretation of the decrease in wholesale inventory number for america CHANGE if you consider the fact that america imports the majority of the goods that are inventoried?

atlanta blahblah 15:29 GMT January 11, 2011
us wholesale inventory data
Reply   
does the interpretation of the decrease in wholesale inventory number for america if you consider the fact that america imports the majority of the goods that are inventoried?

Israel dil 15:27 GMT January 11, 2011
GBP/CHF

here we are 24 hours later, lightning! :-)

Richland QC Mailman 15:23 GMT January 11, 2011
gbp/usd

closed the shorts. Hmmm, looks like price is forming a bearish pennant... might reinstate shorts.

Israel dil 15:08 GMT January 11, 2011
NEWS roll coaster

Buy EURUSD
Entry: Target: Stop: below 1.29

looking to enter and to start building the day trade.

GVI Forex john 15:04 GMT January 11, 2011
GVI Forex Trading Support

Presumably falling inventories will have to be replaced, so a decline is thought to bode well for future production.

GVI Forex john 15:02 GMT January 11, 2011
GVI Forex Trading Support

-- ALERT --

November Wholesale inventories: -0.2%


Lahore FM 15:01 GMT January 11, 2011
Trade Ideas

Buy USDCAD
Entry: 0.9931 Target: Stop: 0.9905

long here on usdcad.

Caribbean! Rafe... 14:55 GMT January 11, 2011
Got Jubbed.
Reply   
was stopped out on my yen, kiwi trades last night at b/e, the cable trade did not hit...

to dr unken katt 14:53 GMT January 11, 2011
range breakout

yes but 4hr and daily still suggest "buy me" long

GVI Forex Blog 14:52 GMT January 11, 2011 Reply   
Any rational person looking at Portugal’s fiscal balances, cost of borrowing, austerity measures and expected growth rate (Bank of Portugal revised its 2011 GDP estimate down to -1.3% and 2012 to +0.6%), the case for unsustainable is about as clear as clear can be.

Portugal's Bailout Bargain...More Moral Hazard (FXA)

sofia kaprikorn 14:42 GMT January 11, 2011
range breakout

closed long eur/usd 1.2945 at 1.2935 -10
closed long gbp/usd 1.5574 at 1.5572 -2

...
reversed to Short EUR/USD 1.2932 / sl 1.2966

been struggling all day with the tight range going for a break and constantly bounced back in loss so not much conviction - not sure what confines the market and when a catalyst will emerge that will push market into a momentum move..

Richland QC Mailman 14:42 GMT January 11, 2011
gbp/usd

Took some shorts 1.5585.

Israel dil 14:10 GMT January 11, 2011
NEWS roll coaster
Reply   
Buy EURUSD
Entry: Target: 1.3050/1.3100 Stop: under 1.29

Greek 2010 budget deficit drops more than targeted / By IB Times Staff Reporter

January 11, 2011 5:53 AM EST

The Greek budget deficit narrowed more than targeted last year, mainly led by a drop in government spending. Budget deficit of debt-stricken Greece decreased by 36.5 percent in 2010 against the government’s target of 33.2 percent, the finance ministry said on Monday. The state budget deficit stood at 19.6 billion euros ($25.37 billion) compared with 30.87 billion euros ($40 billion) in 2009. The government’s ordinary expenditure decreased by 9 percent year-on-year compared with the original target of 7.5 percent. Also, revenues increased by around 7 percent. “The deficit reduction during the period of January-December 2010 is mainly due to the significant reduction of expenditures,” the ministry said. Budget deficit accounted for 13.6 percent of gross domestic product (GDP) of Greece in 2009 and the nation was on the verge of bankruptcy in spring 2010 In May 2010, the eurozone member secured 110 billion euro ($147 billion) package from the IMF and European partners after promising drastic austerity measures to reduce its debt. Athens had committed to reduce its budget deficit to the EU limit of 3 percent of GDP by 2014 from 13.6 percent in 2009. “State budget execution data indicate that Greece remains well within the targets of the Economic Policy Program agreed with the EU and the International Monetary Fund,” the ministry said.

* looks like buy the dips day for +/- 1.3050-1.3100 region (day trading)

Johannesburg WM 14:09 GMT January 11, 2011
Noob and Fibo

400:1, $25 lot means each pip = $1, $25 x 400 = $10000, each 1.000x move equals $1. May be noob but I know enough to understand that.

nyc ws 14:06 GMT January 11, 2011
Noob and Fibo

400:1 based on an account size of $1500 is $600,000 per trade. $25 is not 400:1

nyc ws 14:04 GMT January 11, 2011
Noob and Fibo

You will not stay around long using 400:1

Johannesburg WM 14:03 GMT January 11, 2011
Noob and Fibo

Yeh, lot size $25, 400:1 mini forex just for learning. Will trade more once I got the hang of it.

Israel dil 14:00 GMT January 11, 2011
Noob and Fibo

good luck WM, 50% in 7 months is amazing good. keep on the good job.

nyc ws 14:00 GMT January 11, 2011
Noob and Fibo

WM are you trading 400:1?

to dr unken katt 14:00 GMT January 11, 2011
Noob and Fibo

i dont know , dude

my daily quota is 1k

GVI Forex Jay 13:58 GMT January 11, 2011
,,

WM, it is a good result (+50%) and continue to go slow until your build capital, consistency and confidence.

Johannesburg WM 13:58 GMT January 11, 2011
Noob and Fibo

400:1 leverage with a broker 20c = $20, target each day is 20-30 pips

Johannesburg WM 13:55 GMT January 11, 2011
,,

Good or bad?, still learning and not willing too risk too much

to dr unken katt 13:55 GMT January 11, 2011
Noob and Fibo

its like 20 cents , not bad score ....

Lahore FM 13:54 GMT January 11, 2011
Trade Ideas

Buy EURCHF
Entry: 1.2449 Target: 1.27 Stop: 1.2449 for 1/2

1/2 eurchf long now has an entry stop raised from 1.2415 earlier.

Johannesburg WM 13:52 GMT January 11, 2011
Noob and Fibo

EUR/USD Took profit at 1.2965, done for the day +20, not much but good for me

Dubai SAS 13:51 GMT January 11, 2011
Trade Ideas

Lahore FM 13:33 GMT January 11, 2011

NP - was only looking for reassurance in a wild market .. knew 1.5510 would be tough but we looked good to take it out at the time .. GT

to dr unken katt 13:51 GMT January 11, 2011
,,
Reply   
500 bux in 6 months ?
thats the censored of a result

nyc ws 13:48 GMT January 11, 2011
Noob and Fibo

Any profit is good on a day like this. Youc an also use a trailing stop at 60 and see if you get lucky.

Lahore FM 13:40 GMT January 11, 2011
Trade Ideas

Buy GBPCAD
Entry: 1.54491 Target: 1.5570 for 1/2 Stop: 1.5340

long now.

Johannesburg WM 13:38 GMT January 11, 2011
Noob and Fibo
Reply   
Hi, noobie at forex but its been going well so far, mostly profit since I started with $1000 in June last year, sitting at $1500 now, trading conservatively and with help of global view forums. Anyway one question, bought EUR/USD (1.2945) at fibo retracement (1.2979, 1.2909) 5min, 50% (1.2945) and as expected its bounced, question is what sell limit, thinking of 1.2970.

Lahore FM 13:33 GMT January 11, 2011
Trade Ideas

Dubai SAS 09:29 GMT January 11, 2011
SAS sorry i was not around when you asked the question.

GVI Forex Blog 13:30 GMT January 11, 2011 Reply   

Japan Supports Euro Debt Issue

HK Louis 13:28 GMT January 11, 2011
market overview

My money is on the Kosher bulldozer ...

jerusalem kb 13:26 GMT January 11, 2011
market overview

Palestinian Bullldozer

jerusalem kb 13:26 GMT January 11, 2011
market overview

Louis let me know your answer

HK Louis 13:25 GMT January 11, 2011
market overview

Yes kb,,,to explain the market in the simplest terms that you understand...." It is like having your house with a Jewish bulldozer on one side and a Palestinian Bullldozer on the other"..which one do you think will demolish your house ?..lol.....

Israel dil 13:23 GMT January 11, 2011
market overview

if you take hat off then only rabbit will come out and we go back to the starting point :-)

* no bull will come out of a hat

jerusalem kb 13:22 GMT January 11, 2011
market overview

cheers kaprikorn and take care

sofia kaprikorn 13:19 GMT January 11, 2011
market overview

kb - I share quite the same view.. hat off

jerusalem kb 13:17 GMT January 11, 2011
market overview
Reply   
current market situation!!!!!!!!!!???????????
bears are waiting for bears to take control to enter the market (hat off)
but :
bulls are waiting for the bulls to take control OK! (hat off too)
BUT :
ok result is chicken market(rabbit).

sofia kaprikorn 13:15 GMT January 11, 2011
range breakout

my observation for the last 2 days is that markets are in some state of flux with 20-30 pip moves reversed and no follow through

tight range markets are hard to trade for me as I expect 50+ pip moves for the risk I take when entering a trade and here it seems only working fading the edges of a 50-6 pip ranges in the majors - tough market as I see it at present.

jerusalem kb 13:02 GMT January 11, 2011
buy eurusd

out -12pips

GVI Forex Jay 12:59 GMT January 11, 2011
Tech Talk

Click for

Daily Tech Talk (video report) and trading outlook

GVI Forex Blog 12:50 GMT January 11, 2011 Reply   
While last week’s euro meltdown was driven by technicals, the market focus is on fundamentals this week. This has attention on peripheral bond auctions over the next two days

Tech Talk - Focus on Fundamentals

sofia kaprikorn 12:37 GMT January 11, 2011
gbp/usd

Blore RKG

tnx for the info, mate!

saw it bid hold on the 1.5510 level /200 hrly MA/
a bit shaky with Hrly Upper BB at 1.5593 capped the move..

GVI Forex john 12:33 GMT January 11, 2011
GVI Forex Trading Support

NFIB National Federation of Independent Businesses Index weaker than forecast. Some top money managers swear by this number.

GVI Forex john 12:30 GMT January 11, 2011
GVI Forex Trading Support

ALERT
Entry: Target: Stop:

-- ALERT --

NFIB Index (Dec): 92.6

jerusalem kb 12:28 GMT January 11, 2011
buy eurusd

placed 80pips trailing stop

Blore RKG 12:24 GMT January 11, 2011
gbp/usd
Reply   
Asian CB today seen as good buyer of cable - doubt if we will see cable lower today (have known his track record making prices!)

GVI Forex Jay 12:22 GMT January 11, 2011
Tech Talk

12:20 GMT (Global-View.com) January 11 - While last week’s euro meltdown was driven by technicals, the market focus is on fundamentals this week. This has attention on peripheral bond auctions over the next two days and market reaction to them. Portugal will issue 2014 and 2020 bonds and Italy 2015 bonds on Wednesday. Spain will auction 2016 bonds on Thursday. In the meantime, the eur/usd brief overnight break of 1.2968 and subsequent failure just below 1.3000 took out weak buy stops and left little to go after on the upside until the day high (1.2990). On the downside, yesterday’s low at 1.2873 is the only level worth noting other than a minor one at S1 = 1.2895 so little to go after on the downside until the low. This suggests a consolidation day but if yesterday's low holds, it would be the first higher low/higher high day since Jan 4 and hold out the risk of a retracement. Using 1.3433-1.2875:

1.3007 = 23.6%
1.3088 = 38.2%

Cambridge Joe 12:19 GMT January 11, 2011
Cable

Toast !

Cambridge Joe 12:02 GMT January 11, 2011
Cable: Reply
Sold cable small.
entry 5572
sl 5587

Sorry.

jerusalem kb 12:14 GMT January 11, 2011
buy eurusd
Reply   
Buy EURUSD
Entry: 1.2966 Target: 1.3082 Stop: 1.2900

bought

Syd 12:03 GMT January 11, 2011
Brisbane prepares for worst flood in 118 years
Reply   
Brisbane is headed for its worst flood since 1893, with up to 40,000 properties at risk of being affected.
Up to 100,000 customers are expected to lose electricity tomorrow when Energex begins turning off power to the CBD and other riverside areas.link

Cambridge Joe 12:02 GMT January 11, 2011
Cable
Reply   
Sold cable small.
entry 5572
sl 5587

Syd 11:56 GMT January 11, 2011
N.Korea's ICBMs will pose direct threat to US : Gates
Reply   
BEIJING (Reuters) - North Korea is becoming a direct threat to the United States and could develop an inter-continental ballistic missile within five years, U.S. Secretary of Defence Robert Gates said on Tuesday.
link

sofia kaprikorn 11:49 GMT January 11, 2011
range breakout

eur/gbp seems oversold on dailies but still 0.8333/43 seems a hard Res to crack - playing a break in cable:

Long GBP/USD 1.5574 / SL 1.5543

sofia kaprikorn 11:47 GMT January 11, 2011
range breakout
Reply   
Buy EURUSD
Entry: Target: Stop:

tight range entails a break at some point - testing the upside since risk is on for today so far:

Long EUR/USD 1.2945 / SL 1.2922

Cambridge Joe 11:38 GMT January 11, 2011
slow market

Percy// yep... today, I think you are right.
For all the good I'm doing.... it's good advice !
Cheers.

Dubai SAS 11:38 GMT January 11, 2011
Short Cable

jkt-aye 11:33 GMT January 11, 2011

some crazy price action ! i dint want to loose much as it wasn't an ideal entry and 1.5500 - 1.5510 is good short term support, was playing for a break of that on this move and a bounce above 1.5550 spoils the party somewhat !

Oxford Percy. 11:34 GMT January 11, 2011
slow market

Yeah... That works for me as well.. but not for forex....after a couple of Mary Janes and listening to Hendrix i become invincible ........As the british say ...Hey Joe " time for you take a Bex and have a good lay down sunshine"..lol...

jkt-aye 11:33 GMT January 11, 2011
Short Cable

SAS...my sl was 1.5577. don't know if they let it live or die :)

GVI Forex john 11:30 GMT January 11, 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 11:26 GMT January 11, 2011
slow market
Reply   
it's such a slow market....
Got this great information vid.
http://www.youtube.com/watch?v=65b1R6rYUvM

Works for me anyhow... !

Dubai SAS 11:24 GMT January 11, 2011
Short Cable

Dubai SAS 09:38 GMT January 11, 2011
Sell GBPUSD
Entry: 1.5540 Target: Open Stop: 1.5615
sold small ... thks for the input jkt-aye

stopped @ 1.5555 -15

GVI Forex Blog 11:18 GMT January 11, 2011 Reply   
The economic calendar was light in the session but debt -related rhetoric was plentiful (see above speaker section). Dealers continued to place the euro-area debt problems in focus as sovereign funding results were the highlight in the session.

TradeTheNews.com European Market Update: Peripherals rhetoric and Japanese pledge stabilize the Euro for now

GVI Forex Blog 11:04 GMT January 11, 2011 Reply   
11:00 GMT (Global-View.com) January 11- Forex markets have no moved much from late Monday as dealers continue to adjust to a higher level for the USD.

Daily GVI Forex Forex View- Backing and Filling

Gen dk 10:24 GMT January 11, 2011 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Dubai SAS 10:00 GMT January 11, 2011
Short Cable

stops down to 1.5555

GVI Forex Blog 09:58 GMT January 11, 2011 Reply   
The euro steadied above a four-month trough on Tuesday, after Japan said it may buy about a fifth of the bonds a European rescue fund plans to sell later this month to finance its bailout scheme for Ireland.

FOREX NEWS - Euro gets respite as Japan to buy euro bonds

Dubai SAS 09:38 GMT January 11, 2011
Short Cable
Reply   
Sell GBPUSD
Entry: 1.5540 Target: Open Stop: 1.5615

sold small ... thks for the input jkt-aye

Israel dil 09:35 GMT January 11, 2011
EUR/USD : Critical Point 1.2860

Qindex, your 1.2427 within three weeks has high odds as long the current price action stays. great price and time frames analysis.

jkt-aye 09:35 GMT January 11, 2011
Trade Ideas

SAS...i don't think it's too late on south journey. h4 adx rising while stoch pointing down. imvho

Dubai SAS 09:29 GMT January 11, 2011
Trade Ideas

is it* too late to join u i meant

Dubai SAS 09:29 GMT January 11, 2011
Trade Ideas

Fm nice entry on GBP .. is too late to join u :-) kinda messed up on a good short from last night ...

Cambridge Joe 09:22 GMT January 11, 2011
USDJPY

I still think that it will south...
But I'm allergic to watching mkt go up while I'm short...
Unless all signs agree... I pull the plug.

Lahore FM 09:22 GMT January 11, 2011
Trade Ideas

Sell GBPUSD
Entry: 1.5558 Target: Stop: 1.5578 for 1/2

half of 1.5558 closed at 1.5538 now.sl stays.

Cambridge Joe 09:15 GMT January 11, 2011
USDJPY

Not quite what I intended...
USDJPY short closed for - 12

Lahore FM 09:11 GMT January 11, 2011
Trade Ideas

Sell GBPUSD
Entry: 1.5558 Target: Stop: 1.5578

sold.

Syd 09:04 GMT January 11, 2011
AUD Looking Vulnerable On Many Fronts - BarCap
Reply   
AUD is looking vulnerable on many fronts notes Barclays Capital. AUD/USD still maintains its uptrend from the June lows however any close below the daily cloud base at 0.98 will suggest a deeper correction is underway. If AUD/CAD breaks below 0.9730 that will complete a double top and warn of further underperformance. AUD/NZD is sharply lower and now aims at trendline support near 1.2860. EUR/AUD remains in a downtrend however a break above 1.3325 will complete a small basing pattern. In summary BarCap says AUD is likely to recover later in 2011, but it's watching the levels mentioned for confirmation that AUD weakness is becoming broader based. AUD/USD trades at 0.9844, AUD/CAD 0.9760, AUD/NZD 1.2968 and EUR/AUD 1.3140.

Cambridge Joe 08:45 GMT January 11, 2011
USDJPY
Reply   
sorry..
entry 83.043

Cambridge Joe 08:45 GMT January 11, 2011
USDJPY
Reply   
Now selling USDJPY entry 83.43
Scalp.

Syd 08:12 GMT January 11, 2011
Panic buying hit Brisbane
Reply   
BRISBANE (AFP)--Panic buying hit Brisbane on Tuesday, as businesses and offices in the Australian city were forced to close as floodwaters raced in.

Thousands fled the Queensland state capital, with 6,500 homes and businesses under threat.

Traffic streamed out of the city, and office workers crowded public transport to return to their homes in the suburbs as soon as alerts were issued early Tuesday.

"They closed the whole building down because there had already been flooding and they were expecting far worse to come," said Paul Betros, a lawyer whose entire office tower in the heart of the city was evacuated.

"Today is very significant, tomorrow is bad, and Thursday is going to be devastating for the residents and businesses concerned," he said.

Brisbane resident Daniel Sumner said there were scenes of chaos in supermarkets, where people bought up bread, milk, batteries, bottled water and candles.

"The whole place was just a madhouse," he said. "There's no bread on the shelves. It was pretty much down to no produce."

The situation in Brisbane is expected to deteriorate in coming days with heavy rain not expected to abate and authorities forced to release more water from the Wivenhoe Dam--built after devastating 1974 floods to protect the city, and currently at 173% capacity.

Around Brisbane residents of some low-lying areas are being urged to evacuate, with residents of Caboolture, about 50 kilometers north of Brisbane, now isolated by floodwaters.

Syd 07:51 GMT January 11, 2011
MARKET TALK: Any EUR Plunge May Prompt ECB Steps - MUFG
Reply   
While the ECB isn't expected to make any policy changes at its governing council meeting Thursday, a sharp fall in the common currency could force the central bank's hand, says Sumino Kamei, senior analyst at Bank of Tokyo-Mitsubishi UFJ. "If the euro were to drop suddenly, the possibility of some form of response cannot be ruled out." Kamei adds that with sovereign debt auctions in Portugal, Spain and Italy this week, the market's focus will be on whether China and Japan's attempts to shore up confidence in the euro-zone through the purchase of the region's debt can ward off further EUR falls. He adds, the safe-haven JPY could strengthen "if fiscal concerns expand and risk aversion strengthens in the market."

prague mark 07:01 GMT January 11, 2011
are we in olimpics
Reply   
Trading is contact sport and can only be mastered through endless repetition :)

Israel dil 06:53 GMT January 11, 2011
Iran warning
Reply   
what ever they touch in the forex market crashes shortly after, this time is gold.

India may use gold to settle oil trades with Iran

Syd 06:46 GMT January 11, 2011
2nd UPDATE: Australian Dollar Down Late As Flood Impact Increases
Reply   
"The Australian dollar will continue to be sold as holders of the currency see no reason to make a stand against the many who rightly or wrongly see (the floods) as a reason to sell," said Clifford Bennett, chief economist with Herston Economics.

The Reserve Bank of Australia has previously looked through one-off spikes in food prices as a result of natural disasters, such as Cyclone Larry in 2006, which pushed the price of bananas to A$15 a kilogram from around A$1.70.

Australian bonds have surged on the growing impact of the floods Tuesday, with three-year bond futures recently up 14 ticks at 94.99 and the 10-year bond up 9 ticks at 94.535.

Interbank futures are even pricing in a slight chance of a rate cut when the country's central bank meets again in February.

GVI Forex Blog 06:29 GMT January 11, 2011 Reply   
Tuesday, 11 January 2011 3:54:44 PM Asian Market Update: AUD plummets to 1-month lows on rising flood water and disappointing trade data; EUR spikes on Japan plan to buy EU debt

Asian Market Update:

Dubai SAS 06:06 GMT January 11, 2011
Short Cable

Dubai SAS 18:20 GMT January 10, 2011
Sell GBPUSD
Entry: 1.5578 Target: Open Stop: 1.5615
Sold ...

Out @ 1.5564 .. might get better levels to short

Macau JJ 06:01 GMT January 11, 2011
EUR/USD May Fall Toward 1.2750 This Week senior FX dealer at Mizuho Corporate Bank

I will marke this on diary too

Syd 05:49 GMT January 11, 2011
EUR/USD May Fall Toward 1.2750 This Week senior FX dealer at Mizuho Corporate Bank
Reply   
The EUR/USD may fall to 1.2750 this week, particularly if any weakness in sovereign debt auctions in Portugal and Spain add to concerns over the eurozone's fiscal health, says Satoshi Tate, a senior FX dealer at Mizuho Corporate Bank. "There are many people in the market who think that the euro-zone fiscal problems are going to get even worse this year," Tate says. While the EUR/USD briefly jumped earlier after Japanese Finance Minister Noda said Japan plans to buy debt from a euro-zone fund to support bailouts of fiscally troubled countries such as Ireland, such support may not be enough to prevent further contagion in the eurozone, Tate says. Other support came last week when China said it will likely buy more Spanish government bonds. But Tate adds, "At this point it's hard to expect that the Japanese and Chinese support would be able to stop the trend of growing market concern over the fiscal problems in Europe."

AUD/USD Sliding Rapidly As Support Breached-Dealer
Aussie chart is showing tentative support at the 0.9800 level, but we could see this breached once the European and U.K. markets open," says Jian Wei, senior dealer with City Index Australia

Richland QC Mailman 05:40 GMT January 11, 2011
Short Cable

Hi SAS. Thanks. This market continues to be a wily roller coaster ride.

Syd 05:39 GMT January 11, 2011
City empties as Brisbane River breaks banks
Reply   
Brisbane's inner-city workers are emptying the capital as floodwaters begin to break the banks of the Brisbane River, with over 6000 properties expected to go under when it peaks on Thursday.

http://news.ninemsn.com.au/national/8194723/instant-inland-tsunami-kills-four

Syd 05:24 GMT January 11, 2011
The danger is that this will infect Europe's core, threatening the AAA ratings of France, Germany an
Reply   
Stephen Jen, chief economist at Blue Gold Capital and a former IMF official, said Greece, Ireland and Portugal are already "insolvent". Refusal to face up to reality draws out agony, with a "cancerous" effect on the whole eurozone
Mr Jen said the bail-outs themselves - done in the in the name of "saving the euro" - are causing the crisis to spread ever wider by contaminating stronger states instead of separating the balance sheets of good from bad, as would be normal in a debt clean-up operation. Chinese assurances may "help at the margin" but will do little to change the ugly debt dynamics of the EMU periphery.
"The mere fact of asking for money makes matters worse," he said.
This is a grave indictment of EU strategy.
LINK


Dubai SAS 04:51 GMT January 11, 2011
Short Cable

Richland QC Mailman 23:24 GMT January 10, 2011

Mailman - good trade on the cable, your target been reached with precision !

dc CB 04:31 GMT January 11, 2011
POMO

just read ZeroHedge commenting on this NYT article.

http://www.zerohedge.com/article/meet-feds-pomo-desk-which-doesnt-even-have-bloomberg-terminals


so that 26yo Tiffany...she's an MBA student at NYU

Tiffany Wilding’s Education

*
New York University - Leonard N. Stern School of Business

MBA , Finance , 2010 — 2013 (expected)

http://www.linkedin.com/in/tiffanywilding

dc CB 04:06 GMT January 11, 2011
POMO

The Fed’s QE2 Traders, Buying Bonds by the Billions

In a spare, government-issue office in Lower Manhattan, behind a bank of cubicles and a scruffy copy machine, Josh Frost and a band of market specialists are making the Fed’s ultimate Wall Street trade. They are buying hundreds of billions of dollars of United States Treasury securities on the open market in a controversial attempt to keep interest rates low and, in the process, revive the economy. .......................................................

The real work is done by three traders who are referred to during the operation as trader one, trader two and trader three. They sit at a long table against the wall, tapping at seven screens.

On one recent morning, trader one was Tiffany Wilding, 26. While she reviewed the stream of offers and then the prices finally accepted by the algorithm, trader two, Blake Gwinn, 29, double-checked her decisions and trader three, James White, 29, made a duplicate of everything in case the computers crashed.

http://www.nytimes.com/2011/01/11/business/economy/11fed.html?ref=business

Syd 03:52 GMT January 11, 2011
Extreme Weather Could Dent Australian Trade -Acting Trade Minister
Reply   
Australia's trade could be hit by "extreme weather conditions" and devastating floods in Queensland state, acting Trade Minister Mark Arbib said Tuesday.
Weeks of heavy rains and flooding have already taken a heavy economic toll on Queensland and its booming coal mining industry, with roughly 10 billion Australian dollars (US$9.88 billion) in clean-up and lost revenue forecast by the government.
Arbib also noted the risk posed by the strong Australian dollar.
"The Australian services industry is feeling the impact of a stronger Australian dollar with travel services down 3% and our manufacturing exports down slightly," in November from October, he said.
Dow Jones

Concerns over Belgian debt levels grow
King asks caretaker government to move ahead with public spending cuts, as concerns over Belgium’s debt levels and a political crisis send bond prices tumbling
http://breakingnewsdir.com/concerns-over-european-debt-levels-grow-2-143451.html

tokyo rana 03:21 GMT January 11, 2011
jpy

Buy AUDUSD
Entry: 0.9847 Target: open Stop: later

happy day.......

tokyo rana 03:16 GMT January 11, 2011
jpy
Reply   
Sell USDJPY
Entry: 83.1 Target: open Stop: later

good morning...sold...............happy day

Syd 03:13 GMT January 11, 2011
Businesses In Brisbane's West End Prepare For Rising Waters
Reply   
Businesses in Brisbane's inner suburb of West End were evacuating to higher ground Tuesday as floodwaters from freak rainfall across the southeast of Queensland state prepared to sweep through the center of Australia's third-largest city.
Closing Brisbane Airport

Syd 02:52 GMT January 11, 2011
Watch how flash flood grew in minutes
Reply   
Watch how flash flood grew in minutes
LINK

Syd 02:35 GMT January 11, 2011
Australia GDP To Be Hit 0.2-0.6 Percentage Point By Floods -Survey
Reply   
Australian economists are increasing their forecasts for how much Australia's growth will be impacted by the devastating floods now ravaging Queensland state. Already, economic data in the country are feeling some impact from the floods. The government's statistics agency on Tuesday reported Australia's November trade surplus fell to A$1.93 billion from A$2.56 billion a month ago, with force majeure at several large Australian miners denting the total value of coal exports from the country, even as coal prices rose.
Looking to December's data, economists expect even more impact.
"The devastating Queensland floods that began in December--and are becoming more damaging by the day--will depress both rural and non-rural exports through the first quarter of 2011 at least," said JPMorgan economist Ben Jarman.

Australia Town Of Caboolture Told To Evacuate To Higher Ground - Police
Australia's Brisbane River Breaches Its Banks - Report

The European Central Bank (ECB) intervened heavily in the markets, buying Greek, Irish and Portuguese bonds to drive down yields again, but has yet to broaden its emergency purchases to a fresh set of countries.
LINK
House prices to fall to 2004 levels
House prices this year will plunge as much as 10pc to their lowest level since 2004 after suffering a far sharper decline than expected last month, economists have warned.
LINK
SEOUL (AFP)--North Korean border guards shot dead five refugees and wounded two others after pursuing them across the frontier into China last month, a South Korean newspaper reported Tuesday.

The EUR falls back a tad from its earlier highs against the USD and the JPY, as the market digests Japan Finance Minister Noda's comments on the nation's euro-zone bond buying, say senior dealers in Tokyo. Japan's operation does not have any FX-impact because it will use the EUR in its reserves.

Macau JJ 02:07 GMT January 11, 2011
Any bearish US Dollar news?

I want to know that too, suddenly spike up

Syd 02:04 GMT January 11, 2011
dlr
Reply   
Japan Noda: Looking To Buy Bonds Issued By European Fincl Stability Facility

Syd 02:03 GMT January 11, 2011
Euro Rises Sharply Vs Dollar, Yen On Japan Noda Comment
Reply   
Euro Rises Sharply Vs Dollar, Yen On Japan Noda Comment

Richland QC Mailman 02:02 GMT January 11, 2011
Right Place at Right Time
Reply   
Hi folks. It happened so fast - had some gbp longs placed at 1.5551 (CP) and euro 1.2918 (CP lower band) then boom! Had a very quick pip raiding there. Whew, enough to compensate for aussie longs which yield negative pips! Many Thanks market again.

Hamburg cc 01:58 GMT January 11, 2011
Any bearish US Dollar news?
Reply   
Any news out there causing the Dollar to tank in the last 10 minutes?

Syd 01:29 GMT January 11, 2011
AUD/USD Feels Pain From Floods;0.9828 Eyed-Westpac
Reply   
The AUD/USD is weakening as floods rise in Queensland and dealers ramp up expectations of economic impact and push out expectations for the next RBA rate hike, says Westpac FX Strategist Sean Callow. "It's been a clear negative." He pegs key AUD/USD support at 0.9828, then 0.9752. "When you're hitting really urbanised areas then the picture definitely changes." Australian police have advised residents of Queensland's state capital Brisbane to quit low-lying areas as flood waters threaten city

Syd 00:58 GMT January 11, 2011
Mad Water: Dramatic video of flash floods raging in Australia
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LINK
just had a call from family in Gladstone ,they are starting rationing food in Qld

Hong Kong 00:47 GMT January 11, 2011
Daily FX Market Outlook by AceTrader-11-1-2011
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Market Review - 10/01/2011 21:47 GMT

Euro recovers from 4-month low on short-covering

The single currency extended last week's selloff to a fresh four-month low at 1.2860 (NZ) on Monday due to lingering eurozone sovereign debt crisis after a senior eurozone source said on Sunday that pressure was growing on Portugal from Germany, France and other eurozone countries to seek financial help from the EU and IMF, however, a Portuguese government spokesman later denied a German magazine report that Lisbon was under pressure from Berlin and Paris to seek a bailout. Euro recovered from said intra-day low and reached 1.2965 in NY on short-covering.

In addition, a French government source said 'it's nonsense to say France, Germany pressuring Portugal to take aid.' German Chancellor Angela Merkel also said Germany was not trying to force Portugal to accept a EU bailout and would not do so in the future.

In other news, Greece is set to sell 1.5 billion euros (US$ 1.94 billion) of short-term debt on Tuesday and Portugal will sell as much as 1.25 billion euros in government bonds on Wednesday, followed by Spanish and Italian bond sales on Thursday.

The greenback recovered from last Friday's NY low 82.85 against the Japanese yen and reached 83.30 in NZ, however, price retreated from there and edged lower to 82.66 in NY session.

Minneapolis Fed President Narayana Kocherlakota said 'sees U.S. GDP growth of 3-3.5% in 2011; sees inflation rising 1.5-2% in 2011'; he said bar would be very high for him to support stops to bond buying program. Kocherlakota added that 'unemployment rate between 6.5-8% is range that could lead to inflationary pressures'; he expected U.S. unemployment rate declining to close to 9% by end-2011, staying above 8% through 2012.

Atlanta Federal Reserve Bank President Lockhart said US economy gained durable momentum and Fed's QE helped. Friday's job report confirmed economy is moving forward at modest pace with labor market improving. There was little sign of inflationary pressures and household deleveraging to continue in 2011.

The British pound briefly retreated to 1.5505 (NZ) but cable rebounded in tandem with euro and reached 1.5569 in Asian morning. Although price fell sharply to 1.5475 later, cable rebounded strongly and rose sharply to 1.5604 in NY session as cross-buying in pound provided support to cable. Eur/gbp weakened to near 4-month low of 0.8285 before staging a recovery.

Earlier in London morning, cable tanked after U.K. Halifax house price in December fell more than street forecast, came in at -1.3% m/m vs forecast of -0.4% m/m , recording the largest decline in 3 months.

Economic indicators to be released on Tuesday include:

Japan leading indicators, UK RICS house prices, Australia trade balance, Canada housing starts and US wholesale inventories.

http://www.acetraderfx.com

Syd 00:32 GMT January 11, 2011
Australia Nov Trade Surplus
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Australia Nov Trade Surplus A$1.93B Vs Surplus A$2.1B Consensus
Australia Nov Exports 0% On Month
Australia Nov Imports +3% On Month

Gen dk 00:23 GMT January 11, 2011 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

 




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