shanghai bc 23:23 GMT January 13, 2011
Europe fears motives of Chinese super-creditor
Phoenix Sun 23:06 GMT January 13, 2011
I am worse than useless as a day trader..But I am working on assumption that buying anything below Eur/Usd 1.30 may be a good investment for the whole year..All the best..
Syd 23:10 GMT January 13, 2011
World Bank: Inflows Not Cause of China Inflation
Reply
BEIJING—China's inflation shouldn't be blamed on capital inflows, said a senior economist at the World Bank, instead attributing it to expansionary monetary and fiscal policies as well as surging food prices.
Inflation is high or on the rise in many developing countries, including China and India, the World Bank said in its latest annual Global Economic Prospects report.
The latest Chinese data show the consumer price index took its biggest leap in more than two years in November, up 5.1% from a year earlier. December and full-year CPI data are due Jan. 20, together with the fourth-quarter and full-year gross domestic product.
The World Bank also said China's decision to allow its currency to float more freely is likely to bring important advantages to the economy, including higher incomes and consumption opportunities for the poor and control domestic inflationary pressure by pushing down the cost of imported goods.
LINK
shanghai bc 23:04 GMT January 13, 2011
Europe fears motives of Chinese super-creditor
Using the infantile logic of EU president,anyone investing outside his own country should be engaged in currency manipulation..Such a fine brain as the leader ..No wonder EU is in such a fine shape..
Gen dk 22:23 GMT January 13, 2011
Reply
Trading Signals Updated:
CLICK HERE for more Gen dk information
GVI Forex john 22:12 GMT January 13, 2011
GVI Forex Trading Support
GVI CHART POINTS
Entry: Target: Stop:
Trading Resources...
jerusalem kb 21:34 GMT January 13, 2011
buy nzdusd
sl at B/E for the 2/3 for 0.7965
to dr unken katt 21:29 GMT January 13, 2011
GVI Forex Trading Support
Sharp US Dollar declines have encouraged aggressive crowd selling, giving contrarian signal to sell the Greenback through short-term trade. Last week we claimed that the US currency could continue higher amidst the opposite sentiment extremes, but market conditions can change rapidly and the Euro’s break above 1.3000 triggered the exact opposite signal. As it stands, our contrarian Speculative Sentiment Index suggests that the USD could continue lower against the Euro, British Pound, Swiss Franc, and Canadian Dollar through short-term trade. Forex futures and options sentiment similarly warned of potential EURUSD rallies amidst a sharp sentiment shift
GVI Forex john 21:26 GMT January 13, 2011
GVI Forex Trading Support
USD PIVOT POINTS
Entry: Target: Stop:
Pivots EURUSD USDJPY USDCHF GBPUSD USDCAD AUDUSD NZDUSD
Res 3 1.3754 83.72 0.9889 1.6064 0.9972 1.0112 0.7812
Res 2 1.3569 83.44 0.9827 1.5974 0.9940 1.0066 0.7757
Res 1 1.3459 83.11 0.9737 1.5901 0.9919 1.0011 0.7721
Pivot 1.3274 82.83 0.9675 1.5811 0.9887 0.9965 0.7666
Sup 1 1.3164 82.50 0.9585 1.5738 0.9866 0.9910 0.7630
Sup 2 1.2979 82.22 0.9523 1.5648 0.9834 0.9864 0.7575
Sup 3 1.2869 81.89 0.9433 1.5575 0.9813 0.9809 0.7539
Lahore FM 21:24 GMT January 13, 2011
Lahore FM
cheers DS,thanx for the thoughts!
glgt!
GVI Forex john 21:23 GMT January 13, 2011
GVI Forex Trading Support
USD MOVING AVERAGES
Entry: Target: Stop:
Latest EURUSD USDJPY USDCHF GBPUSD USDCAD AUDUSD NZDUSD
Last 1.3349 82.78 0.9646 1.5829 0.9897 0.9957 0.7684
High 1.3384 83.16 0.9766 1.5883 0.9909 1.0019 0.7703
Low 1.3089 82.55 0.9614 1.5720 0.9856 0.9918 0.7612
Change 0.0219 -0.17 -0.0022 0.0062 0.0032 0.0005 0.0061
MVA EURUSD USDJPY USDCHF GBPUSD USDCAD AUDUSD NZDUSD
5 day 1.3066 82.94 0.9679 1.5668 0.9900 0.9941 0.7632
10 day 1.3151 82.62 0.9587 1.5598 0.9931 1.0006 0.7649
20 day 1.3155 82.65 0.9556 1.5516 1.0000 1.0033 0.7593
50 day 1.3307 83.06 0.9728 1.5697 1.0070 0.9922 0.7599
100 day 1.3409 83.01 0.9793 1.5720 1.0163 0.9765 0.7510
200 day 1.3074 86.34 1.0326 1.5424 1.0256 0.9296 0.7283
TREND EURUSD USDJPY USDCHF GBPUSD USDCAD AUDUSD NZDUSD
BIAS Down Up Up Up Down Down Up
to dr unken katt 21:23 GMT January 13, 2011
Lahore FM
someone mentioned once important supp at 60
BERN DS 21:16 GMT January 13, 2011
Lahore FM
Reply
Hi man.. this is really great in this forum , having some people , sticking their heads out and tell their positions... I love it for my part... eventhough I am sometimes pretty or very sarcastict.. i am in your camp and will go short gold if it breaks 1365 tomorrow... (double flip...)... other than that, I am still on medium term 17500 eurusd ..before fall to 0.5000... (you probably understand this language...) GBP CHF could be a sell again here... but EURCHF wants its last upleg to 13300 next several weeks.. then it collapses to under par... keep going.. market is really great.... glgt
GVI Forex john 21:13 GMT January 13, 2011
GVI Forex Trading Support
CALENDAR
Entry: Target: Stop:
AUD/USD and NZD/USD outlook next 24 hours:
The AUD confirmed yesterday's bullish key reversal signal, but 1.0000 provides major resistance. A break higher targets 1.0180.
NZD finally broke above a five-day range and is challenging 0.7700 resistance, any break opening the way to 0.7800. Tonight's large batch of US economic data poses risk for both currencies.
GVI Forex john 20:58 GMT January 13, 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.
Lahore FM 20:48 GMT January 13, 2011
-- Trade Ideas --
Buy Gold
Entry: Target: Stop:
both longs close at 1378 order in place.
Lahore FM 20:46 GMT January 13, 2011
-- Trade Ideas --
Buy Gold
Entry: 1385.80 Target: Stop: 1366
lowered sl to 1366,added also 1371.
atlanta blahblah 20:29 GMT January 13, 2011
check these pairs out
Reply
audusd
usdcad
audnzd
are moving real slow; might be a chance to make some small pips on the 1 min chart. if youre into that sort of thing.
jerusalem kb 20:18 GMT January 13, 2011
sell gold
Reply
Sell Gold
Entry: 1375 Target: 1365-1330 Stop: 1383
sold
Syd 19:59 GMT January 13, 2011
fx
Reply
German Regulator:Systemic Risk Won't Fade On Enhanced Cap Rules
Enhanced international capital requirements for banks won't cause systemic risks to simply "vanish into thin air," the president of Germany's financial services regulator, BaFin, said late Thursday.
LINK
Wikileaks Founder: Our Enemy is China
LINK
Beijing Credibility Tested With Real Estate Tax
The usually more liberal Beijing News ran a fairly blunt and eye-catching editorial yesterday with the following headline: “Don’t Hurt The Middle Class With The Real Estate Tax”
LINK
US, China chatting in their own special way again
LINK
jerusalem kb 19:55 GMT January 13, 2011
GBPAUD
cancel this order
hillegom purk 19:52 GMT January 13, 2011
euro/usd
Nope not trading full time. Not enough money yet. Need at least 100 k to do that. but some day, and it is not far.
hillegom purk 19:51 GMT January 13, 2011
euro/usd
Closed the last one at 13349. 40+32 makes 72 pips in total
Johannesburg WM 19:44 GMT January 13, 2011
Pips for the day
Reply
EURUSD
Entry: Target: Stop:
All my short stops were hit, - 20 from this. Decided to buy at 1.3180, and sold at 1.3280 for 100 pips. +80 for the day. Just a noob so went with the trend for the day
ldn pt 19:37 GMT January 13, 2011
euro/usd
Did anyone besides a select few make money today? There are some deep pits to dig out from this week.
sao cg 19:32 GMT January 13, 2011
short eurusd on Bernanke's words
Reply
Bernanke: US Deflation Risks Have Receded Considerably.
End of QE ?????
Bernanke can't stop QE2 because sotcks will fall and it will be a polictical defaet for him personally. But aforget about any additional QE.
IMVHO.
Israel dil 19:29 GMT January 13, 2011
euro/usd
thanks and good luck with your trading. by the way, are you trading full time or just in addition to your main business?
hillegom purk 19:23 GMT January 13, 2011
euro/usd
Dil. I trade mostly e/u, Ozmond, usd/jpy.
I still have positions long usd/jpy, and i think i will be having them forever. Sometimes i take more and take some profit, sometimes i just stare at them becausen they are so beautiful...
GVI Forex Blog 19:21 GMT January 13, 2011
Reply
AUD/USD and NZD/USD outlook next 24 hours: The AUD confirmed yesterday's bullish key reversal signal, but 1.0000 provides major resistance. A break higher targets 1.0180. NZD finally broke above a five-day range and is challenging 0.7700 resistance, any break opening the way to 0.7800. Tonight's large batch of US economic data poses risk for both currencies.
Forex - Morning Report (Westpac)
Syd 19:16 GMT January 13, 2011
David Cameron: 'Britain needs a strong euro'
Reply
David Cameron: 'Britain needs a strong euro'
David Cameron has said that Britain needs a strong eurozone but re-iterated that he will never lead the country into the single currency.
link
Bernanke: US Economy To Grow Between 3%-4% In 2011
Bernanke: US Growth Still Not Strong Enough To Cut Unemployment Quickly
Bernanke: US Economy's Been Looking Better In Last 2 Months
Bernanke Urges Banks To Lend To Creditworthy Small Firms
Bernanke: Fannie, Freddie Overhaul Key For Sound Mortgage Market
Bernanke: 2011 Will Be A Better Year For Small Business Lending
Bernanke: QE2 Has Contributed To Stronger Stock Market
Bernanke: US Deflation Risks Have Receded Considerably
GVI Forex Jay 19:13 GMT January 13, 2011
euro/usd
Purk, thanks for the explanation.
Israel dil 19:11 GMT January 13, 2011
euro/usd
Purk, is that mean you are trading only European and American currencies? I see lots of risk to do that with Asia-Oceania currencies to the time difference.
hillegom purk 19:07 GMT January 13, 2011
euro/usd
Jay: of course i do miscalculate, but i am live in a lucky timezone. At the end of Cloggy day the pairs are mostly at streched ends. And if it goes 50 more, i just double up. Every day the market gives away free pips at streched ends and at tops or bottoms. For example today. I did not only took those 3 but a lot more, and i trade around the entries. 5 pips here, 2 pips there. I trade them of the 5 second chart, the only one i look at.
Unexperienced traders i suggest not to follow me, because they will p. in their pants sometimes, like i did when i was like that.
It looks like easy money, but sure h... is not.
GVI Forex Jay 18:59 GMT January 13, 2011
euro/usd
But let's say you miscalculate and it runs another 30-50 pips.
I am just curious as you have a good feel for the ranges but nothing is set in stone. I think others would benefit from your insights as those who traded without stops the past two days and were on the wrong side got in trouble. One of our goals here is to emphasize prudent money management so you can stay in the game.
You are experienced and know how to handle your risk but many do not handle it properly, especially in the type of markiet we saw the past few days.
hillegom purk 18:54 GMT January 13, 2011
euro/usd
It depends on what i am doing. Trades like these, i do not use stops. Range was enough for the day.
GVI Forex john 18:46 GMT January 13, 2011
What's the buzz?
- Silver, Gold, Crude and NG all is the red for the day. Not a "risk-on" session.
Syd 18:43 GMT January 13, 2011
Merkel’s FDP Allies Stiffen Opposition to Increasing Euro Fund
Reply
German Chancellor Angela Merkel’s Free Democratic coalition partner joined lawmakers from her own party in resisting any move to expand the euro rescue fund.“It’s neither suitable nor necessary” to increase the fund, Hermann Otto Solms, FDP finance and economy spokesman, said today in a e-mailed statement. The entire parliamentary group would balk at supporting a bigger fund, he said. “Nor should it become a bad bank” for euro-region debt, he said. LINK
GVI Forex john 18:36 GMT January 13, 2011
What's the buzz?
- EUR higher vs. USD and on its major crosses.
- Short-covering continues. Not obvious from day to day what has been driving this currency. Chatter earlier of CB interest to buy.
- Commodity Currencies (AUD, CAD NZD) mixed.
- Equities not trading with EURUSD.
dc CB 18:30 GMT January 13, 2011
More ways to gamble
Reply
CME Launches Gold VIX Options
"Effective trade date Jan. 24, 2011, the Exchange will list a Gold Volatility Index (VIX) Options (GVP) contract for trading on CME Globex and for clearing through CME ClearPort. The Gold Volatility Index will be a 60-day forward looking index value on option implied volatility. Please note that fees will be waived through Jun. 30, 2011."
GVI Forex Jay 18:21 GMT January 13, 2011
euro/usd
Nice trade Purkster and well presented.
I have a question -- do you use stops for your trades?
van Gecko 18:12 GMT January 13, 2011
Wish you all success
EURO need to sustain dailies above 1.3350 or it's back to square one for the dollar bear camp pushing the EURO+GBP+EURGBP+EURJPY pairs with mega ammons over the last 2 days to re-traversed the recent range tops.. another serving of RAW (Reverse Acrophobic Whiplash) meat on the Fx cook top?
hillegom purk 17:59 GMT January 13, 2011
euro/usd
13378 closed at 13358. last one running at b/e.
so 32 pips already in the bag.
hillegom purk 17:55 GMT January 13, 2011
euro/usd
13377 is closed at 13362. Others running.
dc CB 17:53 GMT January 13, 2011
auction
Reply
this better be one h$ll of a showing at the 30y auction.
Futures are up over a point since the end of POMO....
Oh gee ponzi...auction Dec 29, buy back Jan 13, mo money for afternoon auction. ya culda hit me with a brick
to dr unken katt 17:39 GMT January 13, 2011
.euro
Reply
euro 's end of the run ?
GVI Forex Blog 17:37 GMT January 13, 2011
Reply
GBP/USD (a daily chart of which is shown) as of Thursday (1/13/2011) has broken out above a descending wedge formation, breaking the bearish trend that has been in place since early November.
GBP/USD Upside Wedge Break
nyc s 17:33 GMT January 13, 2011
euro/usd
Must be some mega stops above the 1.3433 2011 high
hillegom purk 17:31 GMT January 13, 2011
euro/usd
Reply
SHORT 13377/13378/13379
Ready to add.
Tokyo Rana 17:22 GMT January 13, 2011
usdjpy
Buy EURUSD
Entry: Target: Stop:
some eurusd long from 1.288 out at 1.337 490pips plus...happy day
Tokyo Rana 17:21 GMT January 13, 2011
usdjpy
im sorry for post again.....ithink this is very strange that aud chf cad is higher than us$ so in long term buy us$ is of course right idea but idonot know how far these things will go bfore come down but im sure it will return to there places someday....imean everything will return where it was so wait maybe 6months...happy day,
Tokyo Rana 17:14 GMT January 13, 2011
usdjpy
audusd bullish reason aus doing better than usa..imean economy....
Tokyo Rana 17:13 GMT January 13, 2011
usdjpy
Singapore SGFXTrader 17:10 dear friend,i took some profit here 1.00 long from 0.99...still hold some audusd longs...no plan to short yet....happy day,
Singapore SGFXTrader 17:10 GMT January 13, 2011
usdjpy
Sell AUDUSD
Entry: Target: Stop:
Rana friend,
Can short AUDUSD now?
Queensland underwater, Brisbane also flooded. why Audusd so bullish?
dc CB 16:43 GMT January 13, 2011
POMO
As the chart below shows, of the $8.4 billion in bonds, a whopping $3.8 billion was represented by just one issue: the 2.750s of 12/31/2017. This is the bond that was issued two short weeks ago, on December 29, 2010.
http://www.zerohedge.com/article/primary-dealer-scramble-dump-recent-issuance-continues
Hong Kong Qindex 16:39 GMT January 13, 2011
USD/CHF : Current Comments
USDCHF
Entry: Target: Stop:
USD/CHF : The market is stable if it can trade within the range 0.9650 - 0.9695.
Qindex.com
Israel dil 16:37 GMT January 13, 2011
Wish you all success
success is very relative thing, but market still going up today suggesting there is blood to take. it's 300 pips day and the end of traders looks closer the the end of this move up. :-)
GVI Forex john 16:36 GMT January 13, 2011
GVI Forex Trading Support
January 13 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, January 14:
- Far East: Japan- Corporate Goods Pirice Index (CGPI) Wholesale Price Index.
- Europe: EZ- HICP (CPI), Trade. GB- Core PPI.
- North America: U.S.- CPI, Retail Sales, Industrial Production, Capacity Utilization, University of Michigan Sentiment,
Business Inventories, Early U.S. close for some markets.
Updated: Trading Events Calendar
Tokyo Rana 16:23 GMT January 13, 2011
usdjpy
ok guys gbpusd nearing 1.59/1.6 1st target....
Tokyo Rana 16:16 GMT January 13, 2011
usdjpy
kl fs 16:06 GMT dear friend,usdjpy willl remain in box 84/80 so play the...look for usa data if bad data then soon see below 80.3 if good data then above 84 but will remain well below 88/86 for another many months...happy day,
dc CB 16:14 GMT January 13, 2011
POMO
The Fed purchased $8.41 bln of 2016/2017 maturities through Permanent Open Market Operations as dealers looked to put back $21 bln.
surge in 30Y futures post POMO, and of course stocks come off lows.
30Y auction up 1PM est results
Tokyo Rana 16:12 GMT January 13, 2011
jpy
Buy EURUSD
Entry: Target: Stop:
atlanta blahblah 13:58 dear friend,now next target last weeks high....1.335 seen so far going well more than expected but audusd met strong res 1.00 but iwas expected so i sold but out early.....maybe eurusd go above 1.428 but chances 50/50.....happy day,
kl fs 16:06 GMT January 13, 2011
usdjpy
Reply
usdjpy has been trading inside 80-85 range but repeated failure near 84.20 and now 83.40 suggest that low range will be broken first for 75 and 65 target this year IMHO
philadelphia caba 15:50 GMT January 13, 2011
eur/usd
Reply
how big was 1.3350 payout?
Hong Kong Qindex 15:46 GMT January 13, 2011
GBP/USD : Current Comments
Reply
GBPUSD
Entry: Target: Stop:
GBP/USD : A resistant barrier is expected at 1.5918 // 1.5959.
Qindex.com
Hong Kong Qindex 15:45 GMT January 13, 2011
USD/CHF : Current Comments
Reply
USDCHF
Entry: Target: Stop:
USD/CHF : A barrier is expected at 0.9600 // 0.9611.
Qindex.com
dc CB 15:44 GMT January 13, 2011
Reform?
CFTC Commissioners vote to advance position limit plan to public comment stage; vote passes 4-1
Hong Kong Qindex 15:42 GMT January 13, 2011
EUR/USD : Current Comments
Reply
EURUSD
Entry: Target: Stop:
EUR/USD : The market is now working on the barriers at 1.3307 // 1.3407.
Qindex.com
dc CB 15:42 GMT January 13, 2011
stox
the Chicago PMI was revised lower from 68.6 to 66.8 just three short days ago, today that other standout number, the Philly Fed, which had originally printed at the better than expected level of 24.3, has just been revised much lower to 20.8. Since this number means the Philly Fed actually declined from the November print of 22.5
http://www.zerohedge.com/article/reality-sets-philly-fed-revises-december-business-conditions-down-208-243
Dubai SAS 15:41 GMT January 13, 2011
Goldman's Tactical Long Euro call
Reply
Go tactically long EUR/$ on declining peripheral tensions, broad USD trend January 13, 2011
Our view has long been that European sovereign tensions will ultimately abate on a combination of better fiscal coordination, support from the strong Eurozone countries for the periphery, solid growth in the Eurozone as a whole and signs of reform success in the periphery. As we have highlighted as well, this process is not a linear one and temporary setbacks are likely, but also necessary to maintain the reform momentum.
The conditional lending program for Ireland and the ongoing debate about possible support also for Portugal and Spain increased the risk premium on the Euro in recent weeks. However it now appears increasingly likely that the Eurozone policymakers work on further improving the fiscal policy and support framework, though exact details have not transpired yet. Combined with messages of support form the largest global FX reserve holders, we think the risk premium in the Euro could further decline from currently elevated levels.
On the other side, we continue to see US fundamentals as consistent with further gradual USD depreciation. Large current account and fiscal “Twin Deficits” will likely remain an obstacle to strong investment inflows into the US. Moreover, we think with US demand growth at least partially boosted by fiscal stimulus, external imbalances could worsen further from a cyclical standpoint.
Overall, it appears the balance of risks points to further tactical upside in EUR/$. Yesterday we recommended going long German stocks (and implicitly long EUR there) and in today’s Global Market Views Francesco Garzarelli added a short 5-yr Eonia recommendation to the list.
From an FX point of view we would go long EUR/$ at current levels of 1.3180 for an initial target of 1.37 with a 1-day stop on a close below 1.2850.
Paris ib 15:25 GMT January 13, 2011
Wish you all success
And the EUR/USD and EUR/AUD will show outside weeks up when we close Friday. Stop listening to the propoganda in the financial press. The Euro is not where the trouble is. They gave it a good shot which failed. No more distractions, back to the main game.
Amsterdam purk 15:22 GMT January 13, 2011
EUR1.2777
So you rather listen to someone who calls for short at 12856?
Some things never change do they?
dc CB 15:21 GMT January 13, 2011
stox
A quick glance at the chart below shows the general market 45% climb since Bernanke's leak of QE2 in August......................
the S&P, the market has gone for "92 days without closing below its 50-day average, which has been matched only 17 other times since 1928." Where it gets scary, is that as pointed out, the market has not closed below the 10 DMA once during the past 30 days. And as Sentiment Trader notes, "this has never happened before, in 82 years of history." Congratulations to the Centrally Planned Socialist States of America: its Chairman has just made the Guinness Book of Manipulation Records.
http://www.zerohedge.com/article/sp-melt-price-momentum-once-never-event
Lahore FM 15:14 GMT January 13, 2011
-- Trade Ideas --
Buy AUDUSD
Entry: 0.9978 Target: Stop: 0.9890
long here.
Dubai SAS 15:10 GMT January 13, 2011
Position Update
Reply
just got back, still holding the small euro and aussie shorts from 9910 and 1.3130 levels (had canceled the stop) ... not bothered too much about aussie, will have to level out or hedge the euro, waiting for things to calm a bit ... Hats off to all who got this right!
to dr unken katt 15:04 GMT January 13, 2011
-- Trade Ideas --
http://www.efixpuls.pl/cotton2/dokumenty/analizy/dzienne/efixRD3_2
0110113.sxw-PIC-100000000000063100000321FE272F55.png
here s the potential target for euro
dc CB 15:03 GMT January 13, 2011
Reform?
CFTC'S Commissioner Sommers says she opposes the position limits proposal, but says she does not have philosophical opposition to them
Says she is concerned that the position limit plan would drive trade overseas. Believes they need more data on swap markets before knows where to set limits. Believes today's proposal is flawed.
GVI Forex Jay 15:00 GMT January 13, 2011
Wish you all success
Mailman. Last year we saw a trend right out of the box. This year it is a more typical, although vicious, start of the year whipsaw.
I just posted this on GVI Forex
GVI Forex Jay 14:57 GMT January 13, 2011
Headlines and Discussions: Reply
eur/usd demand continues to be driven by its crosses as the squeeze extends beyond just the eur vs usd. Talk of barrier option expiring today at 1.3350 should cap below it.
Gen dk 14:58 GMT January 13, 2011
Reply
Trading Signals Updated:
CLICK HERE for more Gen dk information
to dr unken katt 14:57 GMT January 13, 2011
-- Trade Ideas --
euro problem hasnt diassapeared suddenly
its gonna be good opport to short it soon
Richland QC Mailman 14:56 GMT January 13, 2011
Wish you all success
What is this? a Joke? The daily chart shows euro has almost erased its losses for 1 week in just 2 days. That is in spite of all its economic and fiscal woes!
dc CB 14:56 GMT January 13, 2011
Reform?
Reply
CFTC Commissioner Dunn commentary at the Ninth Series of Proposed Rules under the Dodd-Frank Act
Believes its a "fallacy" that position limits will lead to price drops for commodities. Says he is concerned position limits, at best, "are a cure for a disease that does not exist, and at worst are just a placebo for one that does." Believes if there is more than anecdotal evidence that there is excessive speculation distorting the prices in markets, "we need to see it."
Vienna GD 14:48 GMT January 13, 2011
-- Trade Ideas --
on the other hand dollar at absolutely critical support ... below 79 a waterfall, if not already one ... but my bet is JPM needs to cover some before the storm ...
Richmond Hills 14:48 GMT January 13, 2011
EUR1.2777
Reply
PK Z keep say EUR is 1.2777, whose who follow its call, loss a lot.
Vienna GD 14:46 GMT January 13, 2011
-- Trade Ideas --
Hi FM ... suggest to be careful here ... as there is possibly a storm just around the corner, with gold as low as 126x ... could be wrong though of course ... LINK
kl fs 14:44 GMT January 13, 2011
stox
Reply
stock markets are poised to make a u-turn lower sooner than we think, it makes sense to hold those long jpy positions IMHO especially short usdjpy
Israel dil 14:41 GMT January 13, 2011
Wish you all success
or he will not get his huge payout. 15GMT is 20 minutes ahead,so we will see :-)
HK Kevin 14:40 GMT January 13, 2011
-- Trade Ideas --
HK REVDAX 01:12 GMT January 13, 2011
-- Trade Ideas --: Reply
FM//Please comment on $/CAD. tks
Hi Revdax, I also have tiny long USD/CAD from 0.9868 yesterday, expect to see 0.9960 today or tomorrow, s/l now below yesterday low.
kl fs 14:40 GMT January 13, 2011
sell usd
Reply
usd has no future, even euro which had been battered badly is considered much better outlook
dc CB 14:39 GMT January 13, 2011
Wish you all success
from that Forex Live feed
Traders note talk of a large exotic options expiring today with a 1.3350 strike with a very large payout. It is a digital option: above 1.3350 at 15:00 GMT and the owner gets a huge payout. Don't fade this rally kids...It's a killer.
Tokyo Rana 14:38 GMT January 13, 2011
jpy
Entry: 83 Target: open Stop: 83.43
happy day,
Lahore FM 14:38 GMT January 13, 2011
-- Trade Ideas --
Buy Gold
Entry: 1385.80 Target: Stop: 1370
long now.
GVI Forex Jay 14:37 GMT January 13, 2011
Wish you all success
Mailman, I hesitate saying this again but it has been a classic liquidating market.
Richland QC Mailman 14:32 GMT January 13, 2011
Wish you all success
The inconceivable happened. It is in this occasion when not using stops would drastically deplete ones account. Or even if using one, if one's system is to sell at higher resistance levels, then still this market's movement is materially damaging if one's position is against the market.
Tokyo Rana 14:29 GMT January 13, 2011
jpy
Entry: 1.288 Target: open Stop: be
eurusd 1st target met 1.33...happy day,
nyc s 14:29 GMT January 13, 2011
Tech Talk
Moot point now
nyc s 14:27 GMT January 13, 2011
Tech Talk
Where do you guys show the eurusd trendline? There must be stops above it but there are differences among charting progrqawms.
GVI Forex john 14:27 GMT January 13, 2011
What's the buzz?
- Comments by Trichet today pretty much the usual stuff. Mention of budding inflationary pressures has caused a stir in the EURUSD. However, a change in monetary policy appears unlikely for now.
Tokyo Rana 14:22 GMT January 13, 2011
jpy
Entry: 1.60small order Target: open Stop: later
ok guys this pair gets going...happy day
Richland QC Mailman 14:22 GMT January 13, 2011
Wish you all success
In forex, there is always a day when strange things do happen. Euro is the winner. It has cleared all technical resistances - R1, R2, 50% fibo, 61.8% fibo... name them all. Tough, tough day.
London Mick 14:20 GMT January 13, 2011
What's the buzz?
dc CB that is just an excuse for a market caught short. This market was selling earlier at 1.3150-70 and got caught the wrong way again. There should be support therefore below the market by those caught the wrong way.
GVI Forex john 14:19 GMT January 13, 2011
What's the buzz?
- Hearing that the weekly jobless claims this time of year typically are a mess due to assorted (seasonal, weather, etc) distortions. Nevertheless, the best guess is that the jobless data released this morning was the outlier. That means that the next reading in a weeks time should be back in line with recent levels.
- Better than expected trade this morning should provide a positive contribution to 4 Q10 GDP.
- Hearing mixed messages on the Bank of Canada decision next week. Some high profile advisors reportedly are saying the BOC will be turning more hawkish. This is out of line with what we have been hearing and what we have observed. Any comments would be useful.
- Chatter that the markets are still positioned wrong in the EUR (short). At some point this will correct itself. Your opinions of where we are in this process would be useful.
Tokyo Rana 14:17 GMT January 13, 2011
jpy
Singapore SGFXTrader 14:13 Cambridge Joe 14:13
dear friends,many thanx...it was good but all positions was so small so not so happy...happy day
Singapore SGFXTrader 14:13 GMT January 13, 2011
jpy
USD is tanking badly....Rana u are the God-trader this week!
I should have faith in you all this while =)
3 Cheers to RANA =)
Cambridge Joe 14:13 GMT January 13, 2011
jpy
Rana// very nice ... !
tokyo rana 14:12 GMT January 13, 2011
jpy
audusd out for 20pips...
tokyo rana 14:06 GMT January 13, 2011
jpy
Sell AUDUSD
Entry: 1.001 Target: 0.0998 Stop: hedge
short term trade,
dc CB 14:06 GMT January 13, 2011
What's the buzz?
Trichet PressConf:
Asked if the ECB could become insolvent: says the insolvency of the ECB is an 'absurd' question; sasy had the EUR 5 bln capital in place since 2000 so the increase is not out of the question given the growth of the EU...
_________________________________________________
LOL...the NY Fed has a group of 20year olds who blow thru 6 to 8 Billion each moring in an hour every day of the week....
Lahore FM 14:05 GMT January 13, 2011
-- Trade Ideas --
Buy Gold
Entry: Target: Stop:
on the lookout for a long entry on gold here.
tokyo rana 14:04 GMT January 13, 2011
jpy
Sell AUDUSD
Entry: 1.02/1.07between Target: 0.86/0.95 Stop: later
pending here...happy day,
tokyo rana 14:02 GMT January 13, 2011
jpy
atlanta blahblah 13:58 dear friend,targets eurusd 1.3333/1.3533/1.37777 audusd 1.0186/1.04....but will short little eurusd 1.37777 but only heavly short if new high seen above or around 1.43/1.49...short heavly audusd between 1.02/1.05....happy day,
Lahore FM 14:02 GMT January 13, 2011
-- Trade Ideas --
Sell Gold
Entry: 1386.15 Target: 1290 Stop: 1407
closed out at 1392..
dc CB 14:00 GMT January 13, 2011
What's the buzz?
Short-covering rampant as focus turns to inflation
Thu, Jan 13 2011, 13:52 GMT - Forex Live
By: Jamie Coleman
The ECB's inflation concerns hit the market from out of left field, reinforcing a short-covering rally in EUR/USD after this week's successful bond auctions and signs that the ECB will increase the size of the bailout plan. The whiff of inflation that Trichet describes will make it virtually impossible for the ECB to ease any further if the EU runs into further debt-inspired trouble as the year goes on... 1.3300 is trendline resistance drawn off the 1.4280 highs from November.A break of that level would be extremely bullish from a technical perspective.
Lahore FM 13:59 GMT January 13, 2011
-- Trade Ideas --
gold uptick has materialised at just the wrong time.neeeds to be below 1385 soon if its to go any lower.
atlanta blahblah 13:58 GMT January 13, 2011
jpy
rana, do you have a target for eurusd long?
do you expect a new 2011 high?
tokyo rana 13:54 GMT January 13, 2011
jpy
Sell USDJPY
Entry: Target: Stop:
usdjpy short 80pips plus...eurusd and audusd still hold long...happy day
dc CB 13:46 GMT January 13, 2011
GVI Forex Trading Support
US PPI. everyday consumeables rose alot.
o Gasoline rose 6.4%
o Prescription drugs fell 0.1%
o Cars fell 0.4%
o Light trucks rose 0.3%
o Energy rose 3.7%
o Food rose 0.8%
o Computers fell 1.4%
Also another $7Bln POMO today...money going into stox and commodities.
GVI Forex Jay 13:36 GMT January 13, 2011
Tech Talk
Followup:
The 1.32-1.33 is void of chart levels other than the 1.3219 61.8% level.(broken)
Key levels are above 1.33
1.3307 = daily trendline
1.3321 = 50 day mva
1.3402 = 100 day mva
1.3433 = 2011 high
The 1.32 level dictates the tone from here. Hard to believe we are talking about 1.32 and levels above it.
Below 1.3170-00 is needed to cool the risk.
ldn jp 13:34 GMT January 13, 2011
USD/JPY
Lahore FM - Thanks for your reply - I will hold but I guess it will only move up when I close out like with NZD/USD - the market is watching me!!! :-) ldn jp
GVI Forex john 13:33 GMT January 13, 2011
GVI Forex Trading Support
ALERT
Entry: Target: Stop:
-- ALERT --
U.S. jobs 445k vs. 409K exp.
Continued Claims 3.879m vs. 4.09m exp.
Trade -38.3b vs -40.7b exp.
Canada Trade -C$100m vs. -1.9b exp.
U.S. PPI + 1.1% vs. 0.8% exp.
Hong Kong Qindex 13:31 GMT January 13, 2011
USD/CHF : Critical Point at 0.9657
Reply
USDCHF
Entry: Target: Stop:
USD/CHF : Critical Point at 0.9657
The market is likely to consolidate within 0.9657 - 1.0135.
Qindex.com
Israel dil 13:26 GMT January 13, 2011
EUR/USD levels
many thanks John, too many PC related problems around today.
Kaunas DP 13:24 GMT January 13, 2011
sold EUR/USD
Reply
sell eur/usd 1.3211; SL 1.3311; TP 1.2711 - core pos
Hong Kong Qindex 13:24 GMT January 13, 2011
GBP/USD : Resistance 1.5839
Reply
GBPUSD
Entry: Target: Stop:
GBP/USD : Resistance 1.5839
The market is likely to consolidate within 1.5589 - 1.5839.
Qindex.com
Lahore FM 13:23 GMT January 13, 2011
-- Trade Ideas --
Buy WHAT'S THE BUZZ?
Entry: Target: Stop:
had a positive 4 hour close above 1.3152 level mentioned yesterday.second 4 hour positive close looks possible above the same level in another 35 mins time.if it does close above 1.3152 again then 1.3510 is first target for this upmove imho!
Cambridge Joe 13:12 GMT January 13, 2011
pending order
Reply
EURUSD I'm short from 3180
pending order
tokyo rana 13:09 GMT January 13, 2011
jpy
Reply
keep short bottoms....
Lahore FM 13:09 GMT January 13, 2011
USD/JPY
yes jp,still long usdjpy,nzdjpy and gbpjpy.
yes nzdusd was barely moving but looks its out of the woods just now.
atlanta blahblah 13:08 GMT January 13, 2011
us data
Reply
OTHER
Entry: Target: Stop:
will the data be disappointing and leave the current buy euro market tone unchanged or will the data move the focus of the market back to buying usd?
thoughts and predictions?
ldn jp 13:06 GMT January 13, 2011
USD/JPY
Reply
Lahore FM
Are you still long USD/JPY? I longed yesterday but it has hardly moved since. I was also long NZD/USD since a few days ago but got frustrated with it barely moving so sold yesterday at 0.7620 only to see it run up to my t/p today.So annoying.....and don't want to do the same with USD/JPY.
Thanks ldn jp
GVI Forex john 13:04 GMT January 13, 2011
EUR/USD levels
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 john 13:00 GMT January 13, 2011
EUR/USD levels
dil- the GV database program is showing a 1.1878 to 1.4582 range for 2010. 50% = 1.3230
Hong Kong Qindex 12:59 GMT January 13, 2011
EUR/USD : Critical Support 1.2830
EURUSD
Entry: Target: Stop:
EUR/USD : The market is consolidating within a projected supporting point at 1.2830 and a resistant point of 1.3255.
Qindex.com
============================================
Hong Kong Qindex 16:57 GMT January 8, 2011
EUR/USD : Critical Support 1.2830 : Reply
Sell EURUSD
Entry: Target: Stop:
EUR/USD : Critical Support 1.2830
EUR/USD : The bias is on the downside when the market is below the barrier at 1.3014 // 1.3031. A critical supporting point is located at 1.2830.
Qindex.com
Johannesburg WM 12:58 GMT January 13, 2011
Long EUR/USD
Reply
Buy EURUSD
Entry: 1.1365 Target: 1.3220 Stop:
I'm tired of my sell stops getting hit, longed at 1.3165 and riding the wave. Target is Fibo 61.8 % retracement (1.3430/1.2870)
Israel dil 12:49 GMT January 13, 2011
EUR/USD levels
Reply
just experiencing difficulties with my charting platform, may you help me with this one: I need 50% Fibonacci level from the whole 2010 range. TIA
Dubai SAS 12:46 GMT January 13, 2011
Sell Euros
stops out for now
GVI Forex john 12:45 GMT January 13, 2011
GVI Forex Trading Support
ALERT
Entry: Target: Stop:
-- ALERT --
European Central Bank Policy unchanged; Expected.
London SMS 12:06 GMT January 13, 2011
Small Short here
Reply
Sell EURUSD
Entry: 1.3155 Target: 1.30 Stop:
Sniping more than anything
GVI Forex john 12:00 GMT January 13, 2011
GVI Forex Trading Support
ALERT
Entry: Target: Stop:
-- ALERT --
Bank of England Policy unchanged; Expected.
GVI Forex Jay 11:59 GMT January 13, 2011
Tech Talk
Reply
12:00 GMT (Global-View.com) January 13 - Those who day trade sometimes lose sight of the overall picture and how the market is positioned longer-term. Take this week as an example where the euro started out by extending its low vs. the dollar but has since undergone a sharp retracement, led by unwinding of short euro crosses, most notably vs. the chf and jpy. We often refer to this as a liquidating market, which I characterized yesterday as follows:
This a liquidating market today and why you are seeing stops above the day high as shorts get stopped by the order flow. A characteristic of a liquidating market is a new high followed by backing and filling once the order is done.
There has been some follow through overnight as euro crosses extended gains, pushing eur/usd through some stops until hitting a wall at 1.3170, which is also the Jan 6 high so a double top while it holds. This sets the stage for the US session where euro crosses will again provide a clue as to whether it pushes on or pressures ease. As the levels posted below show, 1.3170-1.3220 is a potential resistance band. Should the bottom end hold then the 200 day mva could become an attraction.
On the upside:
1.3170 (intra-day high and a double top)
1.3195 = R1 (see FX Chart Points )
1.3200 = pivotal big figure
1.3219 = 61.8% of 2011 range (1.3433-1.2875)
On the downside:
1.3147 = 20 day mva (focus for the close)
1.3100 = 23.6% of 1.2875-1.3170
1.3088 = intra-day low
1.3079 = daily pivot
1.3074 = 200 day mva
1.3057 = 38.2% of 1.2875-1.3170
jerusalem kb 11:59 GMT January 13, 2011
audchf charts
closed 1/3 with 50pips+ stop same
Cambridge Joe 11:49 GMT January 13, 2011
EURGB
Will pull that order if it drops to 8333...
Hmmm.
Lahore FM 11:46 GMT January 13, 2011
Wish you all success
thanx for the good wishes Gooner dear...you shall overcome!
Richland QC Mailman 11:43 GMT January 13, 2011
GBPAUD
Sold aussies anew 9970.
jerusalem kb 11:38 GMT January 13, 2011
buy nzdusd
closed 1/3 with 60pips+
jerusalem kb 11:38 GMT January 13, 2011
buy chfjpy
delete this order
GVI Forex john 11:34 GMT January 13, 2011
GVI Forex Trading Support
EARLIER
Australian December Jobs
+2,300 vs. +25.000 est.
Unemployment Rate 5.0% vs 5.1% est.
jerusalem kb 11:33 GMT January 13, 2011
GBPAUD
Reply
Sell GBPAUD
Entry: 1.5765 Target: 1.5715/1.5625 Stop: 1.5815
sell stop at 1,5765
Gen dk 11:29 GMT January 13, 2011
Reply
Trading Signals Updated:
CLICK HERE for more Gen dk information
Cambridge Joe 11:23 GMT January 13, 2011
EURGB
Reply
I have EURGBP as long.
Entry 8347
SL & TP... TBA
GVI Forex john 11:12 GMT January 13, 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.
London Misha 11:09 GMT January 13, 2011
Observations
Reply
EURUSD - Open & Close White Marubozo & the first close over the Long MA!
USDJPY - Bearish Harami on Daily Chart.
GBPUSD - Three White Soldiers on Daily Chart.
USDCHF - Bearish Harami on Daily Chart.
EURGBP - Bullish Harami on Daily Chart. Dead Cross of the Short MA down through the Long MA.
EURJPY - Two White Soldiers with a Closing White Marubozo on Daily Chart.
USDCAD - Two Black Crows on Daily Chart.
AUDUSD - Key Reversal up on Daily Chart!
GVI Forex Blog 11:08 GMT January 13, 2011
Reply
Overall the Risk appetite in Europe remained encouraging and this weakened the CHF currency against the major pairs. EUR/CHF climbed to one-month highs above 1.28 aided by stop-loss orders being elected. CHF weakness comes ahead of Friday's emergency summit meeting with the Swiss government, unions, industry and trade representatives.
TradeTheNews.com European Market Update: Spanish and Italian auction deemed successful
Dubai SAS 11:08 GMT January 13, 2011
Sell Euros
tokyo rana 10:37 GMT January 13, 2011
Nice to have a counter view rana ... different people see things differently .. every buyer needs a seller and vice versa ! people should have different views/opinions etc or else the market would seize :)
GVI Forex Jay 11:05 GMT January 13, 2011
Sell Euros
10:54 am FRANCE'S SARKOZY : EURO-DOLLAR EXCHANGE RATE STILL TOO HIGH (IB Times)
Blore RKG 10:59 GMT January 13, 2011
Sell Euros
Thank you Sarkozi
Richland QC Mailman 10:57 GMT January 13, 2011
Sell Euros
The market may bring these euros to the dark pits of oblivion.
GVI Forex Blog 10:51 GMT January 13, 2011
Reply
11:00 GMT (Global-View.com) January 13- As expected, the Spanish debt auction today has done well. As in the case of Portugal, a positive result has been orchestrated by the ECB. The ECB has
Daily GVI Forex Forex View- Spanish Auction
to dr unken katt 10:43 GMT January 13, 2011
Sell Euros
SPAIN 5-YEAR BONDS AVERAGE YIELD 4.542% VS. 3.576% ON NOV. 4
London SFH 10:41 GMT January 13, 2011
Wish you all success
Gooner, I second LCs sentiments-Good luck mate
San Diego LC 10:39 GMT January 13, 2011
Wish you all success
Gooner, good to see you here. Hope all is well. Sending good thoughts and prayers your way...
tokyo rana 10:37 GMT January 13, 2011
Sell Euros
this is long set up.....short usd$....eurusd 1.30 and audusd 0.98/0.96wud not go below these levels with out any bad news so better wait for news..
to dr unken katt 10:35 GMT January 13, 2011
Sell Euros
hope i s just a wishul thinking of an uneducated mind
Dubai SAS 10:27 GMT January 13, 2011
Sell Euros
Mailman - IMHO, Euro a visit below 1.3100 looks likely & watch out for the 3060's - 3080's, might take more than one attempt to get through there unless trichet really outdoes himself !
tokyo rana 10:27 GMT January 13, 2011
Sell Euros
idonot understand why everyone in same boat short audusd gbpusd eurusd?wat is reason?is there any reason?or just taking risk?im long with out stops...idonot see any reason to short bottoms....happy day
Richland QC Mailman 10:27 GMT January 13, 2011
Sell Euros
Imagine a world without "hope" - where is this generation headed to without it? .... where every soul (not only traders) will be depressed.
Haifa ac 10:23 GMT January 13, 2011
Sell Euros
to dr unken katt 10:19 GMT January 13, 2011
Sell Euros : Reply
hope is da mother of all fukupz//
Tell that to: Noah, Moses, Jesus, Columbus... and to MLK whose birthday is next monday
Dubai SAS 10:21 GMT January 13, 2011
Sell Euros
more than a little help i believe !
to dr unken katt 10:19 GMT January 13, 2011
Sell Euros
hope is da mother of all fukupz
Richland QC Mailman 10:15 GMT January 13, 2011
Sell Euros
fired new euro shorts 1.3146, 3144. Another reversal time. Hope this one becomes sustained.
to dr unken katt 10:15 GMT January 13, 2011
Sell Euros
with a little help from their friends at ECB
London SMS 10:13 GMT January 13, 2011
Small short Eur CHF
Reply
Sell EURCHF
Entry: 1.28 Target: 1.24 Stop: 1.2920
Opening a new posi. It's been bid all year (and what a year!) but I think we've topped near here. Will add to short at 1.2830 if seen again and 1.2750 if seen.
Dubai SAS 10:12 GMT January 13, 2011
Sell Euros
Dr - somehow they managed !
to dr unken katt 10:10 GMT January 13, 2011
Sell Euros
hav they sold them below 7%?
Gen dk 10:09 GMT January 13, 2011
Reply
Trading Signals Updated:
CLICK HERE for more Gen dk information
Dubai SAS 10:07 GMT January 13, 2011
Sell Euros
Mailman - I still have half my shorts in Eur & Aussie having taken minor gains on the other halfs, looking to sell rallies with stops above 1.3220 & 1.0050 respectively ...
Richland QC Mailman 10:00 GMT January 13, 2011
Sell Euros
SAS, yup. Took some hefty losses there on euro shorts. Ccy too strong. Gbp shorts all closed with meager gains after market reversed. Volatile conditions - what is new.
Dubai SAS 09:56 GMT January 13, 2011
Sell Euros
spain auctions out of the way ... good resistance 1.3190 to 1.3215 & trichet later, short euros shud work today IMVHO
Blore RKG 09:53 GMT January 13, 2011
China offering EUR??
Reply
Not able to take it at face value but chatter on desk that China offering EUR... If anyone has better info pls share
GVI Forex Blog 09:48 GMT January 13, 2011
Reply
The euro hit a one-month high against the Swiss franc and trimmed losses versus the dollar on Thursday as speculation that measures to tame the euro zone debt crisis may be on their way prompted short covering.
FOREX NEWS - Euro rallies vs CHF, Spain auction in focus
London Gooner 09:47 GMT January 13, 2011
Wish you all success
Reply
Hi Forumers,
Happy 2011. Keep busy on all fronts. As large parts of the world
downgrade (degrade) and others upgrade I wish you consistency
in success.
UK J.B, Lahore FM, Qindex - Best of thoughts.
Fighting Gooner :)
to dr unken katt 09:32 GMT January 13, 2011
Sell Euros
DailyFXTeam: MOODY'S SAYS FRANCE, GERMANY, UK, US SPENDING CONTROL NEEDED
Dubai SAS 09:05 GMT January 13, 2011
Sell Euros
Richland QC Mailman 06:49 GMT January 13, 2011
Mailman - sorry was away (asleep) when u posted .... i think one bounce from 1.3085 was very obvious ! easier for me to say after its happened :P .. i still like the shorts in euro & gbp .. very strange that aussie is not lower .. any views ?
Richland QC Mailman 07:47 GMT January 13, 2011
EUR/USD short entry order
Time for USD to take center stage vs. euro and cable. ShOrts fired anew.
jerusalem kb 07:44 GMT January 13, 2011
audchf charts
Buy OTHER
Entry: 0.9655 Target: 0.9712-0.9805 Stop: 0.9600
-------------------------------------------------
placing A NEW FIBO AT H4 CHART and now first target is 0.9765 and 2nd target 0.9920 with same stop
tokyo rana 07:35 GMT January 13, 2011
Euro/USA
Israel dil 07:34 dear friend,position size.....eurusd 30000 long...short usdjpy 10000....happy day,
Israel dil 07:34 GMT January 13, 2011
Euro/USA
Rana, what long 30000 and short 10000 means?
tokyo rana 07:22 GMT January 13, 2011
Euro/USA
Rexburg Stubbs 06:57 dear friend,thanx for post im worry about ur position....im long eurusd only 30000 now short usdjpy 10000 target 1.3533....good luck.happy day
Israel dil 07:21 GMT January 13, 2011
EUR/USD short entry order
few pips were taken off the table to cover the stop for the still running position, in other words, it's a free trade now :-)
Syd 07:16 GMT January 13, 2011
Portugal’s Auction Not at ‘Successful Yield,’ Pimco’s Gross Says
Reply
Bill Gross, manager of the world’s biggest bond fund at Pacific Investment Management Co. in Newport Beach, California, comments in an interview with Margaret Brennan on Bloomberg Television’s “InBusiness” on the outlook for the euro zone after Portugal sold debt today as well as prospects for U.S. Treasuries.
“Basically, these auctions are pre-arranged sales. They are not really auctions. They are bought by domestic banks within euro land and then re-discounted to the central bank, so it’s internal buying. They are really looking for the private institutions like Pimco and other insurance companies to buy, and we just haven’t done that yet.
“Euro land has a high debt problem, and it helps to spread the benefits so to speak from Germany out. I’m not optimistic in terms of their peripheral countries, and we wouldn’t invest in them at the moment.”
http://www.bloomberg.com/news/2011-01-12/portugal-s-auction-not-at-successful-yield-pimco-s-gross-says.html
Rexburg Stubbs 07:06 GMT January 13, 2011
,,
to dr unken katt 06:32 GMT January 13, 2011
I'm to say that if you draw enough lines on a chart, any number of various and conflicting stories of ones own choosing can be told.
Syd 07:03 GMT January 13, 2011
Rise and Rise of the Canadian Dollar
Reply
The Canadian dollar is being seen as an alternative to the U.S. dollar because it doesn't have the problems of the U.S. banks; as an alternative to the Australian dollar because it doesn't have the floods; and as an alternative to the euro because it doesn't have sovereign-debt problems.
Damage from the unprecedented flooding in Queensland could slash GDP growth by anywhere up to a percentage point this year and fears of long-term damage to the country's mining industry have knocked the Aussie off its pedestal, with analysts looking for further losses, especially against the Australian currency's Canadian counterpart.
http://blogs.wsj.com/source/2011/01/12/the-rise
-and-rise-of-the-canadian-dollar/
Rexburg Stubbs 06:57 GMT January 13, 2011
Euro/USA
tokyo rana 05:56 GMT January 13, 2011
Hello there rana of Tokyo residency.
I'm to say that from afar, I harken to the wisdom of the trumpets of Zeus signaled from the crest of Mount Olympus.
Please enjoy the ride.
to dr unken katt 06:57 GMT January 13, 2011
Europe Bond Sales
they r buying bonds becouse uCB shops for them in the secondary markets
Richland QC Mailman 06:49 GMT January 13, 2011
Sell Euros
SAS, on the contrary, I got some heavy shorts at 1.3096 after 1.3100 gave way earlier. May the market be with us more.
Syd 06:47 GMT January 13, 2011
Europe Bond Sales
Reply
Bill Gross says Bond buying not a success due to manipulation which should not be allowed CNBC European squawkbox
Syd 06:41 GMT January 13, 2011
China's 2010 CPI to exceed annual target of 3%
Reply
Amid pressure from soaring food prices, China's top economic planner predicted on Tuesday that the consumer price index (CPI), the main gauge of inflation, for the year, may exceed the 3 percent target set by the government in March.
http://www.china.org.cn/business/2010-11/10/content_21309823.htm
Dubai SAS 06:39 GMT January 13, 2011
Sell Euros
Dubai SAS 18:28 GMT January 12, 2011
Sell Euros : Reply
Entry: 1.3130 Target: Open Stop: 1.3215
Sold
Half out @ 1.3095
Dubai SAS 06:39 GMT January 13, 2011
Sell Euros
Dubai SAS 18:28 GMT January 12, 2011
Sell Euros : Reply
Entry: 1.3130 Target: Open Stop: 1.3215
Sold
Half out @ 1.3095
GVI Forex Blog 06:35 GMT January 13, 2011
Reply
Bank of Korea surprises with a 25bp rate hike on inflation concerns; AUD retreats on disappointing jobs data
Asian Market Update
to dr unken katt 06:32 GMT January 13, 2011
,,
Reply
g/y has reached its tp
Syd 06:32 GMT January 13, 2011
US Treasury Secretary Tim Geithner calls on China to strengthen yuan
Reply
USUS Treasury Secretary Tim Geithner has gone on the offensive over China's attempts to devalue its currency
Ahead of next week’s visit to Washington by Hu Jintao, China's president, Mr Geithner said the Eastern country needs to strengthen the “substantially undervalued” yuan because it puts other countries at a competitive disadvantage.
“If China does not allow the currency to appreciate more
rapidly, it will run the risk of seeing domestic inflation
accelerate and face greater risk of a damaging rise in asset
prices, both of which will threaten future growth,” Geithner
said. LINK
tokyo rana 05:56 GMT January 13, 2011
Euro/USA
Rexburg Stubbs 04:37 dear friend,please tellme?why do u think it drop big time reason?thanx in advance...happy day
Saar KaL 05:47 GMT January 13, 2011
KaL's Trend and Level
Jay and John
this video is amazing
http://www.up0.net/c.html?rtr=on&s=eahb,jf35,qig,d9bd,9epf,5gie,afqd
Thank you
here is why in TA Terms it's true.
Pull the chart for DJI from 1940
if we speak legs...then all that trend is one leg
as you can see at the right side of the chart there is that Head and Shoulder...
if one uses displaced SMA ( say 100, 200 and 50)
but lagged half of the period
you can clearly see it
from the last decade...the DJI is showing this major turn..(Takes time)
Also done some work on the stocks
the ratio of high to low...means how many times could a stock grow...or drop
50 is average and 100 times is a good max
from WW2
the dji grow more then 100 times
I say...we are sitting on a time bomb right now
probably for the next 40 years
the critical value for the DJI is 14,200
and this time will be the 3rd time to visit
Syd 05:02 GMT January 13, 2011
France and Germany veto increase in EU rescue fund
Reply
France and Germany veto increase in EU rescue fund
Germany and France have rejected calls by Brussels for a rapid increase in the size and powers of the EU's rescue machinery, once again exposing serious differences at the heart of monetary union
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/8255991/France-and-Germany-veto-increase-in-EU-rescue-fund.html
Syd 04:53 GMT January 13, 2011
Australian Jobs
Reply
The figures show employment increased by 2,300 to 11,417,400, and that full-time employment took up 1,700 of those jobs. Unemployment decreased by 25,400 to 598,700.
The participation rate decreased by 0.2 points to 65.8%, with the aggregate monthly hours worked falling by 3.4 million hours to 1,599 million.
But CommSec economist Craig James points out these figures should be taken with "a grain of salt", given that employment "probably didn't creep higher by just over 2,000".
"It's clear that the pace of jobs growth in the early part of 2011 is likely to be more sedate. The economy has softened in the last couple of months."
"Manufacturing, construction and the services sector are all contracting, while businesses are trimming new orders and profitability is being affected. No doubt the softer economy is ensuring that businesses remain cautious, and more importantly the November rate hike is yet to have a full impact on the domestic economy."
He argues the figures indicate the Reserve Bank won't likely push up interest rates "anytime soon".
Rexburg Stubbs 04:52 GMT January 13, 2011
Euro/USA
I'm to say that yesterday we saw a short squeeze against the weaklings.
"Get on your knees Bitchez!"
Rexburg Stubbs 04:37 GMT January 13, 2011
Euro/USA
Reply
I'm to say that I went short $1.8 million EUR/USA at 1.3134.
Perhaps it can drop big time.
"Holy Crap!"
Syd 04:34 GMT January 13, 2011
Europe
Reply
Mtl JP 04:31 GMT January and it just shows how lacking confidence is , the question is would anyone help the UK if they had the same situation , I think not - and this is exactly why they never joined
Mtl JP 04:31 GMT January 13, 2011
France to urge Britain to help save the euro: report
SYD - The French are genetically dirigistic.
Fillon is probably suffering from an attack of dellusion if he thinks the Britts are total idiots to step on a ship of dubious floatability. the Britts migh get a better deal to wait for the ship to sink first and then go get the wreck instead of risking sinking with it.
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Jan 10, 2011 PARIS (Reuters) - Sarkozy takes his campaign for greater global food price and currency stability to Washington this week when he seeks Barack Obama's support for France's goals as head of the Group of 20 powers.
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Hong Kong 03:42 GMT January 13, 2011
Support, Resistance and Range Forecast by AceTrader
Reply
INTRA-DAY USD/JPY:
Last Update At 13 Jan 2011 02:15 GMT
Range Forecast
82.90 / 83.30
Resistance/Support
R: 83.50 / 83.70 / 83.91
S: 82.80 / 82.66 / 82.28
-------------------------
INTRA-DAY EUR/USD:
Last Update At 13 Jan 2011 02:22 GMT
Range Forecast
1.3110 / 1.3145
Resistance/Support
R: 1.3145/1.3160/1.3192
S: 1.3080/1.3047/1.2992
--------------------------
INTRA-DAY USD/CHF:
Last Update At 13 Jan 2011 02:20 GMT
Range Forecast
0.9662 / 0.9690
Resistance/Support
R: 0.9728/0.9757/0.9784
S: 0.9660/0.9632/0.9600
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INTRA-DAY GBP/USD:
Last Update At 13 Jan 2011 02:22 GMT
Range Forecast
1.5730 / 1.5760
Resistance/Support
R: 1.5780/1.5815/1.5837
S: 1.5720/1.5680/1.5640
http://www.acetraderfx.com
Syd 03:31 GMT January 13, 2011
Forecasters Warn Australia's Rains May Hit Ore-Rich West
Reply
Australia's flooded state of Queensland may face a brief respite from rains that have caused an estimated 15 billion Australian dollars ($14.8 billion) in damage and lost revenue but the deluge could be just the beginning of a record wet season for the country with forecasters warning that bad weather may spread to the ore-rich Pilbara region.
Most of Western Australia's Pilbara region, which is responsible for a third of global iron ore exports, has a 70% chance of excess rainfall over the coming three months, the Bureau of Meteorology.
Patrick Ward, a meteorologist at the Bureau's Perth office, said that the region's iron ore mines and ports and booming offshore petroleum industry could be hit. "With all the projects going on up there at the minute it's a big deal," said Ward. "Some of these places have a 24 hour shutdown period so if we forecast a cyclone in their area they have to shut down and can lose millions of dollars. These are big decisions."
Syd 01:47 GMT January 13, 2011
France to urge Britain to help save the euro: report
Reply
AFP) – 1 hour ago
LONDON — The French prime minister has said he will on Thursday urge Britain to back deeper European integration to save the euro or risk disaster in its own economy if the currency fails.
Lisbon has been beset by speculation that its eurozone partners want it to accept a bailout to avert a wider crisis.
It is feared that any economic disaster in Portugal could drag down others, including Spain, after Greece and Ireland were both given huge EU/IMF loans last year.
LINK
jerusalem kb 01:42 GMT January 13, 2011
audusd
congrats. mailman, unfortunately all markets shows many false breaks and sl hunting and this always happens in January
Richland QC Mailman 01:36 GMT January 13, 2011
audusd
Hi Kb. I actually closed the 2 lots with tiny gains. Price should have been lower at this time but the CP has held solidly so far. Flat for now.
Hong Kong 01:33 GMT January 13, 2011
Daily FX Market Outlook by AceTrader-13-1-2011
Reply
Market Review - 12/01/2011 21:41 GMT
Euro surges versus dollar as Portugal auction demand rises
The euro strengthened against the dollar on Wednesday after Portugal sold bonds due in 2020 at a yield of 6.716%, lower than 6.806% at the previous auction Nov. 10. The auction was met with increased demand as investors asked for 3.2 times the amount of 10- year bonds sold, up from 2.1 times at the November sale.
The single currency edged higher in Asia and reached 1.3047 in European morning. Although euro staged a pullback to 1.2961 on profit-taking, the single currency subsequently surged from said intra-day low and eventually climbed to 1.3145 in NY session.
Traders would wait for the results of the Spanish and Italian bond auctions together with ECB rate decision on Thursday. In other news, an academic adviser to the People's Bank of China said no one wishes to see the euro disappear and Europe's debt crisis did not alter the long-term strategic position of the euro in the global monetary system.
The greenback initially fell to 82.98 against the Japanese yen from 83.42, however, the pair rose sharply to 83.47 before tumbling to 82.80 on dollar's broad-based decline in NY.
Fed's beige book indicated that all Fed districts showed employment levels were rising in at least some sectors, generally by modest amounts. U.S. economic activity continued to expand moderately through early January and manufacturing sector continued to improve across all Fed districts. Retail spending improved across all districts but banking and financial services were mixed. Most Fed districts indicated business contacts were positive about outlook but still cautious, upward pressure on wages was not seen yet.
Although cable climbed to 1.5681 in European morning, price quickly retreated after release of larger-than-expected U.K. November trade deficit, which widened to 8.736 billion pounds vs forecast of 8.33 billion pounds, the Nov figure was the highest (worse) since records began in Jan 1980. Cable staged a pullback to 1.5583 but swiftly surged from there in tandem with euro and later rallied to 1.5780 in NY before stabilizing.
Economic indicators to be released on Thursday include:
Australia jobs data, UK industrial production, manufacturing and Band of England rate decision, ECB rate decision and press conference, Canada trade data, and US trade balance, jobless claims and PPI.
http://www.acetraderfx.com
jerusalem kb 01:29 GMT January 13, 2011
audusd
hi Mailman, yes i am still bearish on audusd but will short it from 1.005 if seen i know it is very weak to go there but i am not comfortable at the current level
Lahore FM 01:27 GMT January 13, 2011
-- Trade Ideas --
Revdax you can buy usdcad from 0.9860 now for 1.07.sl tight better.
Richland QC Mailman 01:19 GMT January 13, 2011
audusd
Good to see you kb riding the same flight. Looks like market is still figuring out if it will continue heading south after it initially broke (false break) 9965 high.
jerusalem kb 01:18 GMT January 13, 2011
audusd
out -8pips
HK REVDAX 01:12 GMT January 13, 2011
-- Trade Ideas --
FM//Please comment on $/CAD. tks
dc CB 01:02 GMT January 13, 2011
Australia Dec Employment +2300; Consensus +25000
Lots of dip-buyers in the AUD/USD
Thu, Jan 13 2011, 00:49 GMT - Forex Live
By: Sean Lee
There is still no meaningful unemployment here in Australia and those who want a job can pretty much get one. This trend may change sometime this year but selling the AUD/USD on the back of this latest number is not easy to justify. Dealers report that plentiful buyers emerged from the woodwork after the post-data fall to .9920 and we are now back to .9950.
jerusalem kb 00:56 GMT January 13, 2011
buy nzdusd
stop now at 0.7590
jerusalem kb 00:36 GMT January 13, 2011
audusd
AUDUSD
Entry: 0.9935 Target: Stop: 0.9955
sl now at 0.9980
Lahore FM 00:32 GMT January 13, 2011
-- Trade Ideas --
Buy usdx
Entry: Target: Stop:
Lahore FM 20:29 GMT January 12, 2011
Trade Ideas: Reply
SGFX the aussie data on jobs has all the potential to make or break usd from current levels.
in case it makes usd then 0.94 aud target and 1.50 gbpusd target.
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looks like a good start for usd post aussie jobs.spanish auction is the next big deal!
jerusalem kb 00:31 GMT January 13, 2011
audusd
sell stop opened and buy stop deleted
Syd 00:29 GMT January 13, 2011
Treasury Secretary Timothy Geithner said China's rapid economic ascent is a "growing source of conce
Reply
WASHINGTON -- Treasury Secretary Timothy Geithner said China's rapid economic ascent is a "growing source of concern" and warned Beijing it risks not getting expanded access to the rich U.S. market unless it revamped its policies.
"We are willing to make progress" on issues of interest to China, Mr. Geithner said at Johns Hopkins University's School for Advanced International Studies, "but our ability to move on these issues will depend on how much progress we see from China," including a faster appreciation of the Chinese currency.
WSJ
Syd 00:26 GMT January 13, 2011
VITAL supplies of petrol, fruit, vegetables and milk are running low
Reply
VITAL supplies of petrol, fruit, vegetables and milk are running low on the Gold Coast as transport from Brisbane is cut by flooding.Some service stations on the Gold Coast say they have enough supplies only until tonight and do not know where their next delivery will come from, while grocers say the supply of fresh food is running short.
jerusalem kb 00:21 GMT January 13, 2011
audusd
Reply
AUDUSD
Entry: 0.9935 Target: Stop: 0.9955
will place a buy stop at 0.9970with stop 20pips and sell stop at 0.9935 with stop 20pips 3mints before the news
Syd 00:20 GMT January 13, 2011
Real Estate Rage Erupts in Hangzhou
Reply
A week after a story by China’s state broadcaster on affordable housing in Beijing set off a round of riotous complaints, a real riot over real estate erupted in the southern city of Hangzhou.
The violence is the latest indication of just how out-of-control China’s property market remains, especially in upscale cities like Hangzhou, despite government efforts to cool the sector.
Beijing has raised interest rates, increased down payments and limited second-home buying in recent months in an effort to control the residential real estate market and calm public frustration with the market. Despite those measures, housing prices in large- and medium-sized cities have continued to rise, climbing nearly 8% in 2010.
http://blogs.wsj.com/chinarealtime/2011/01/11/real-estate-rage-erupts-in-hangzhou/
Syd 00:14 GMT January 13, 2011
WSJ: Portugal Sold EUR1.1B In Bonds To China In Private Placement -Source
Reply
LISBON (Dow Jones)--The Portuguese government has sold EUR1.1 billion worth of medium-term bonds to China in a private placement completed last week, a person familiar with the matter said Wednesday.
Portugal's Finance Ministry has confirmed it raised debt in a private placement last week but has not disclosed the identity of the buyer or the amount placed.
Analysts say that the placement will ease pressure on Portugal, which needs to raise an estimated EUR20 billion this year to refinance its debt.
http://online.wsj.com/article/BT-CO-20110112-710079.html
jerusalem kb 00:12 GMT January 13, 2011
sell gbpusd
stopped out with 70pips- after it gave me 100pips+
jerusalem kb 00:10 GMT January 13, 2011
SELLGBPJPY
hit sl 70pips-
Gen dk 00:09 GMT January 13, 2011
Reply
Trading Signals Updated:
CLICK HERE for more Gen dk information
jerusalem kb 00:09 GMT January 13, 2011
GOLD
stopped out with 220pips-
my loss in detail
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