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Forex Forum Archive for 01/17/2011

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Mtl JP 23:46 GMT January 17, 2011
Slightly off topic

CB 23:21 - US is beyond point of no return: too many cling-ons in the millitary industry complex; those people are trained to get and be angry and have little useful civilian job application, especially in current official 9.9% unemployment and Ben-forecasted to last additional 5yrs. This cycle will take long time to cycle 180° . Means still plenty of time and room for profits off the Military Industrial Complex.

dc CB 23:33 GMT January 17, 2011
Slightly off topic

arg 1961 not 1951

Syd 23:33 GMT January 17, 2011
AUD/USD Support Should Be Fleeting - BNP
Reply   
AUD/USD should find any suppport quite fleeting given China's continued efforts to tighten policy, say BNP Paribas FX strategists. "We remain of the view that the break of technical support and long positioning means that AUD/USD is vulnerable to a decline towards the 0.9540 area." Latest 0.9937.

NEW YORK—Pacific Investment Management Co. cut the U.S. government-related holdings in its flagship bond fund in December to the lowest level in nearly two years.
LINK
Hedge funds bet China is a bubble close to bursting
The world is looking to China as a springboard out of recession - but some hedge funds are betting the country's credit and growth levels cannot be sustained
LINK

SANTIAGO (Dow Jones)--U.S. gross domestic product will likely grow between 3% and 4% this year, but unemployment will remain high, the president of the Federal Reserve Bank of Philadelphia, Charles Plosser, said Monday. Speaking in Chile, Plosser said he couldn't rule out the Fed beginning to withdraw its significant monetary stimulus sometime this year.

DJ Russian Banks Dumped Euro Assets During Sovereign Debt Crisis
Russian banks dumped euro-denominated assets last year, reducing their holdings by around 33% in the wake of a sovereign debt crisis in the region.

China: Power Use Up, House Prices Up, and Down
LINK

Minoru Shioiri, chief manager of forex trading at Mitsubishi UFJ Morgan Stanley Securities. "If they don't release anything new, the risk to the euro will be to the downside if anything, as investors are still concerned about the European debt problems."

Why Is China Building A $1.3 Billion Hotel When Entire Cities Are Sitting Empty?

In Russian there is an expression: The wise man learns from someone else’s mistakes, the smart man learns from his own, and the stupid one never learns.

You’d think I’d be putting the Chinese government in the latter category – obviously the Chinese have not learned from Dubai’s mistakes, and they don’t seem to want to learn from their own – empty shopping malls and cities which, based on these Google Earth images, are scattered all over China.
LINK
The Wording Of Steve Jobs' Email To Apple Staff Is Not Encouraging
LINK

dc CB 23:21 GMT January 17, 2011
Slightly off topic
Reply   
this weekend all the press has been featuring the 50th aniversary of Eisenhower's departing speach, given Jan 17 1951.

the beware the influence of the Military Industrial Complex.

Rexburg Stubbs 23:00 GMT January 17, 2011
What's the buzz?

I'm to say that the great experiment is failing right before our eyes. Eur/USA is about to drop like a stone.

GVI Forex john 22:26 GMT January 17, 2011


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

What's the Buzz? -- An ongoing forum discussion

HIGHLIGHTS: GB-CPI, DE- ZEW Survey, U.S.- Empire PMI, TIC data. NAHB Index. CA- BOC Decision.

  • European Finance Ministers meeting. No decision on additional EFSF funding  German domestic opposition strong.

  • Key German Sentiment data (ZEW) due Tuesday.

  • Some insight into future Canadian monetary policy likely Tuesday. 

  • Further Chinese policy tightening expected before start of the lunar new year

  • Trade in the EUR in the early days of the new calendar year is being deemed volatile and dangerous.

  • Mixed ECB readings to tighten in 2H11? Some saying yes. We wonder.



Lahore FM 22:23 GMT January 17, 2011
-- Trade Ideas --

Buy USDCHF
Entry: 0.9653 Target: 0.9900 Stop: 0.9590

long now.

GVI Forex Blog 22:05 GMT January 17, 2011 Reply   
AUD/USD and NZD/USD outlook next 24 hours: The AUD outlook is unchanged - the trend since 3 Jan is downwards, but it is currently consolidating between 0.9800 and 1.0120. NZD's corrective rally is not yet complete and 0.7800 looks vulnerable today.

Forex - Morning Report (Westpac)

GVI Forex john 21:37 GMT January 17, 2011
GVI Forex Trading Support

FX DATABASE
Entry: Target: Stop:

Trading Resources...



GVI Forex john 21:35 GMT January 17, 2011
GVI Forex Trading Support

USD PIVOT POINTS
Entry: Target: Stop:

Pivots	EURUSD	USDJPY	USDCHF	GBPUSD	USDCAD	AUDUSD	NZDUSD
Res 3	1.3512	84.48	0.9729	1.6068	0.9939	1.0084	0.7826
Res 2	1.3449	83.98	0.9704	1.6011	0.9920	1.0025	0.7786
Res 1	1.3372	83.35	0.9675	1.5951	0.9894	0.9982	0.7753

Pivot	1.3309	82.85	0.9650	1.5894	0.9875	0.9923	0.7713

Sup 1	1.3232	82.22	0.9621	1.5834	0.9849	0.9880	0.7680
Sup 2	1.3169	81.72	0.9596	1.5777	0.9830	0.9821	0.7640
Sup 3	1.3092	81.09	0.9567	1.5717	0.9804	0.9778	0.7607

GVI Forex john 21:34 GMT January 17, 2011
GVI Forex Trading Support

USD MOVING AVERAGES
Entry: Target: Stop:

Latest	EURUSD	USDJPY	USDCHF	GBPUSD	USDCAD	AUDUSD	NZDUSD
Last	1.3294	82.71	0.9647	1.5891	0.9868	0.9938	0.7720
High	1.3387	83.49	0.9678	1.5954	0.9901	0.9967	0.7746
Low	1.3247	82.36	0.9624	1.5837	0.9856	0.9865	0.7673
Change	-0.0074	-0.25	0.0001	0.0029	-0.0023	0.0050	0.0052

MVA	EURUSD	USDJPY	USDCHF	GBPUSD	USDCAD	AUDUSD	NZDUSD
5 day	1.3224	82.93	0.9669	1.5793	0.9884	0.9921	0.7659
10 day	1.3145	82.90	0.9648	1.5666	0.9917	0.9950	0.7636
20 day	1.3178	82.56	0.9559	1.5555	0.9971	1.0029	0.7620
50 day	1.3286	83.11	0.9727	1.5690	1.0063	0.9915	0.7594
100 day	1.3421	82.97	0.9781	1.5728	1.0150	0.9784	0.7522
200 day	1.3073	86.24	1.0316	1.5429	1.0254	0.9302	0.7289

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

Lahore FM 21:28 GMT January 17, 2011
Trade Ideas

thanx Stubbs.your appreciation is truly appreciated!

feel stox for tomm's session may rock fx too...they look lower to me after a failry good rise over last few weeks.tomm's post boc moves in cad will also shape fx trends.

Rexburg Stubbs 21:24 GMT January 17, 2011
Trade Ideas

Lahore FM 17:32 GMT January 17, 2011

I'm to say "Thank you" to you.

Please keep beating away. You tirelessly pump freshly oxygenated trading ideas to a thirsty crowd.

GVI Forex john 21:23 GMT January 17, 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.

to dr unken katt 21:22 GMT January 17, 2011
Jobs-Apple

In 1984, Jobs purchased a 17,000-square-foot (1,600 m2), 14 bedroom Spanish Colonial mansion, designed by George Washington Smith in Woodside, California, also known as Jackling House. Although it reportedly remained in an almost unfurnished state, Jobs lived in the mansion for almost ten years. According to reports, he kept an old BMW motorcycle in the living room, and let Bill Clinton use it in 1998.

Rexburg Stubbs 21:21 GMT January 17, 2011
Jobs-Apple

dc CB 21:14 GMT January 17, 2011

I'm to say that you pointed out the "sauce" for Tuesday trading. It's going to be a rodeo.

Lahore FM 21:15 GMT January 17, 2011
-- Trade Ideas --


Entry: 1.3127 Target: 1.3560 Stop: 1.3000

long eurcad for a 2nd time this week.

dc CB 21:14 GMT January 17, 2011
Jobs-Apple
Reply   
I posted here some time ago when APPL became the largest cap stock in valuation on the US exchanges - and that its fortunes rested on the genius of one person Steve Jobs.
As a reminder Apple accounts for about 20% of the Nasdaq.
It is also in the SnP 500. The stock is also held by over 190 HedgeFunds.

It is not a bank...so therefore not on the TBTF list. Though there is a POMO today and they might decided to put a Billion or two into preventing a crash.....FLASH CRASH anyone?
In futures trading today the Nas if down 28+pts.
+++++++++++++++++++++++++++++++++++++++++++++

Steven P. Jobs, the co-founder and chief executive of Apple, is taking a medical leave of absence, a year and a half after his return from a liver transplant, raising questions about both his long-term prognosis and the future of the world’s most valuable technology company.

http://www.nytimes.com/2011/01/18/technology/18apple.html?_r=1&ref=business

Rexburg Stubbs 21:07 GMT January 17, 2011
What's the buzz?

Paris ib 20:49 GMT January 17, 2011
What's the buzz? : Reply
Europe does not require external savings, it does not need to import foreign capital to finance itself. This is not the United States.

If required central European authorities will issue bonds in Euros at a low rate (as previously explained) and then these authorities will lend those funds, still in Euros, at a higher rate to peripheral governments.


Are you sure it is not the United States? I think that was clear after WW II when the US "imperialists" left the junk in ruins for euro folks to figure it out for themselves after a "simplified" communism was nothing but appetite for destruction.

You can say that somehow some country will issue eurozone debt at low rates to some random magical lender at artificially low rates, but who on the periphery- Turkey, Iran?

Obviously the US does not need to import foreign capital. Small detail you left out- Largest holder of US debt is the Fed. The Treasury can simply issue endless debt to the Ben Bernank via the Goldman Sachs at zero or sub zero rates. That's pretty hard to beat in currency creation schemes. But in the race to the bottom, the US economy as a single nation dwarfs any other. Hence, there is no new reserve currency (unless you are Iran). Maybe "money" becomes currency again and people trade in gold and silver backed assets but that is for another discussion.

So, yes reserve currencies have changed hands over the millennia but the euro experiment, the worst constructed fiat currency ever invented by design won't even make it another decade.

Israel dil 20:54 GMT January 17, 2011
What's the buzz?

submarine, Germans build the best submarines.

Syd 20:50 GMT January 17, 2011
SPAM SPAM SPAM
Reply   
Lahore AZ 20:48 GMT SPAM IS NOT ALLOWED ON THIS SITE

Paris ib 20:49 GMT January 17, 2011
What's the buzz?

Europe does not require external savings, it does not need to import foreign capital to finance itself. This is not the United States.

If required central European authorities will issue bonds in Euros at a low rate (as previously explained) and then these authorities will lend those funds, still in Euros, at a higher rate to peripheral governments. All the money involved will be European if necessary. There is no need for foreign money. Europe does not run a current account deficit with the rest of the world. Which means it does not need foreign capital.

Global reserve currencies come and go. It used to be Sterling, that's long gone. Things change. But you can't trade short term fluctuations on stuff like this, you have to watch what is happening on the margin. Is there going to be noise made about the Euro, the bail-out or are we going to have other news?

Rexburg Stubbs 20:47 GMT January 17, 2011
What's the buzz?

Paris ib 20:34 GMT January 17, 2011

Like I said the Germans don't actually have the dough to support anyone.

So where will the dough come from? Estonia, Ireland, Greece Portugal?

Like I said, if Germans can't anchor the boat, then there is no boat.

Rexburg Stubbs 20:43 GMT January 17, 2011
What's the buzz?

Paris ib 20:34 GMT January 17, 2011
What's the buzz? : Reply
Like I said the Germans don't actually have the dough to support anyone. Any bail out money will have to be borrowed.

Issued by whom? Borrowed from whom? Multiple countries borrowing what with bonds that they individually issue that are backed by what? Please don't say China will privately lend to one country at one rate and another at a different rate. And just what are the consequences to the currency of any member country defaulting?

Failure is imminent.

Paris ib 20:40 GMT January 17, 2011
What's the buzz?

That's a view.

happy 2011 20:40 GMT January 17, 2011
What's the buzz?

no Appetite for Destruction knowledge become a dope too!

Rexburg Stubbs 20:38 GMT January 17, 2011
What's the buzz?

I'm to say that with all the noise and shin kicking, USD is the super reserve currency without alternative. Every major commodity is still priced in USD for a reason. If it was so simple to demand everything to switch into a future failed eur currency, it would have already occurred. It is pure rubbish and nonsense to think that europia can agree on a currency yet individually issue debt without any bailout or formal unwinding plans because nobody wants to lose their own seat in the horse race. No unity, no action = just another failed fiat.

Paris ib 20:34 GMT January 17, 2011
What's the buzz?

Like I said the Germans don't actually have the dough to support anyone. Any bail out money will have to be borrowed. At a low rate. Only to be lent out at a higher rate. (Nothing is being given away. You may have missed that small detail.) Which means they make a profit on the deal. Like the Germans make a profit on being in Europe and in being part of the Euro. It's not like this great big act of charity on their behalf. No matter how pious they act.

Anyway whatever your case I assume you just want to short the Euro, which is fair enough, but don't support your call on some grandiose idea that the end is nigh..... it isn't.

Gen dk 20:27 GMT January 17, 2011 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Rexburg Stubbs 20:27 GMT January 17, 2011
What's the buzz?

Paris ib 20:19 GMT January 17, 2011

A failed experiment?

I'm to say "absolutely". While Eur may seem to have simplified things for some in europia, who prefer the easy entitlement lifestyle the same way communism was to simplify things there, it comes at the expense of someone. Germany is not to support the europian freeloaders. You cannot succeed as a socio-politico currency with so many divides. Small country sovereign bond vs social entitlement uprisings, solved by the IMF and China will not be the answer on a larger scale.

Appetite for Destruction.

Paris ib 20:24 GMT January 17, 2011
What's the buzz?

I was working in a dealing room during the EMU crisis of the early 1990s (500% overnight interest rates anyone?) and I have heard all this nonsense before. With the excuse of the EMU crisis Europe now has the Euro.... not a failed experiment, to the contrary what we have is a slow march down one road, only some people keep missing the road signs. How they manage to NOT see what is actually happening escapes me. But hey.... not really my problem.

Paris ib 20:19 GMT January 17, 2011
What's the buzz?

A failed experiment? Don't think so. Anyway time will tell and, for your information, while no-one in Europe is thrilled about the added layer of bureaucracy and all the idiots with snouts in troughs in Brussels, the Euro is actually very popular and will be defended first, because it's good for business and second, because it has popular support. The question is do the vampires in Brussels escalate the crisis in order to gain more power for themselves (over national fiscal policy for example) because they know that support for the Euro is strong.... or not?

Stop reading tabloids people. The Euro has simplified life in Europe in a lot of ways so that worked. The adds-ons are the tricky bits. But repeating, without thinking, what is reported in the 'press' shouldn't be encouraged. If some German politicians and officials are milking this for all it's worth it's because they have an agenda not because there is this big uprising in Germany about the Euro. Remember Germany is currently experiencing record growth right now and they know full well that the Euro is part of that story.

GVI Forex john 20:19 GMT January 17, 2011
GVI Forex Trading Support

Westpac NZ Daily
AUD/USD and NZD/USD outlook next 24 hours:
The AUD outlook is unchanged - the trend since 3 Jan is downwards, but it is currently consolidating between 0.9800 and 1.0120.

NZD's corrective rally is not yet complete and 0.7800 looks vulnerable today.

Rexburg Stubbs 20:10 GMT January 17, 2011
What's the buzz?

Paris ib 19:58 GMT January 17, 2011

I'm to say How do you know it's "pretty darn strong"? You are European. Did you pick up the phone and ring them? Eur is a failed experiment. Everyone already knows this. If there is crisis it is the same as the U.N.- Debate and find no unity. Call the IMF for solutions. The weak experiment will get weaker. It will no longer exist in less than a decade. Any small crisis nearly collapsed the experiment last year. A real crisis will cause the rift and failure to be as swift as an earthquake. This is all common knowledge. You can't issue non-sovereign debt against a so-called sovereign currency that everyone knows is just modern Deutsche Marks.

Paris ib 19:58 GMT January 17, 2011
What's the buzz?

How do you know that there is little support? They ring u n tell you that personally?

First this 'bail out' stuff needs defining. You're American you know how important definitions are. The Germans don't have piles of cash lying around to lend to anyone. They run a govt deficit just like everyone else in the industrial world. So this 'money' they will have to borrow first before they can lend it to anyone. And guess what? They (the Germans, the Europeans or whoever you care to mention) will borrow the funds at a lower rate than they lend them out at, which means they will make a profit on the deal. It's called a spread. It's how banks used to make money.

And support for the Euro is pretty darn strong in Europe, and even it would seem in China and Japan. Where support is not strong is in the USA, the UK and the usual suspects. Which means they may have the financial press cornered but 'they' don't yet have a monoply on the truth.

GVI Forex Blog 19:42 GMT January 17, 2011 Reply   
January 17 (global-view.com) UPCOMING DATA HIGHLIGHTS for Tuesday, January 18:

GVI Forex- Data Outlook for Jan 18, 2011

GVI Forex john 19:40 GMT January 17, 2011
GVI Forex Trading Support

CALENDAR
Entry: Target: Stop:

January 17 (global-view.com) UPCOMING DATA HIGHLIGHTS for Tuesday, January 18:

  • Far East: No major data due.
  • Europe: GB- CPI, RPIX. DE- ZEW Survey,
  • North America: U.S.- Empire PMI, TIC Data, HAHB Index. CA- BOC policy Decision.
Updated: Trading Events Calendar

Syd 19:23 GMT January 17, 2011
Schumer Will Push Currency Measure Aimed at China
Reply   
A bipartisan group of Senators said they will pass legislation this year meant to push China to raise the value of its currency, the yuan. Senator Charles Schumer, a Democrat from New York who has proposed similar legislation for the past six years, said the measure would have “broad bipartisan support,” and is likely to at least pass the Senate this year. LINK

CEPS's Gros on European Banking System
http://www.bloomberg.com/video/65928994/

BRUSSELS — Eurozone finance ministers will lock horns on Monday over how to fight their crippling debt crisis, which some fear could yet push Portugal to need a bailout and spread to infect the region’s larger economies.
http://www.independentmail.com/news/2011/jan/17/european-ministers-spar-over-bailout-fund/

Fed’s Plosser won’t rule out a rate rise
In a question and answer session, Fed’s Plosser say that he would not rule out a rate rise with a strong economy.

Floods quench RBA motive to push rates up LINK
The Prime Minister, Julia Gillard, and the Treasurer, Wayne Swan, warned the budget would be stretched, with the flood recovery costing billions of dollars and taking years to complete. Ms Gillard and Mr Swan pointedly did not repeat comments they made earlier this month that the floods would not affect the budget's return to surplus.

to dr unken katt 18:41 GMT January 17, 2011


yen is up for big upmove

Syd 18:37 GMT January 17, 2011
1-Greece's public sector union calls Feb 10 strike
Reply   
http://www.reuters.com/article/idUSLDE70G1P120110117

GVI Forex Blog 18:27 GMT January 17, 2011 Reply   
USD/JPY (a 4-hour chart of which is shown) as of Monday (1/17/2011) has consolidated into a flag-like retracement consolidation that ultimately should be bullish on an upside breakout of the pattern.

USD/JPY Bullish Flag Pattern

Caribbean! Rafe... 18:18 GMT January 17, 2011
bodsos??
Reply   
Usually a thin day is followed by a correction isn't it? BOD, SOS??

to dr unken katt 17:46 GMT January 17, 2011
Trade Ideas

Jan. 17 (Bloomberg) --- The euro fell, snapping a five-day rally against the dollar, and Spanish bonds dropped as the region’s ministers debated a bailout plan. U.S. stock futures declined as Apple Inc. said Chief Executive Officer Steve Jobs is taking a medical leave of absence.

to dr unken katt 17:34 GMT January 17, 2011
Trade Ideas

todays so called blue monday

Lahore FM 17:32 GMT January 17, 2011
Trade Ideas

Dear Stubbs,thanx for your heartening remarks.

i am only recovering from a poor start for the current week.

Rexburg Stubbs 17:22 GMT January 17, 2011
Trade Ideas

I'm to say that Lahore FM is the heartbeat of FX trading

Lahore FM 16:59 GMT January 17, 2011
Trade Ideas

Sell AUDUSD
Entry: 0.9950 Target: Stop: 0.9985

sold.

below 0.9910 goes down more willingly.

Rexburg Stubbs 16:28 GMT January 17, 2011
buy nzdusd

I'm to say nice chart man. Sometimes simple is best

sofia kaprikorn 16:13 GMT January 17, 2011
AUD/USD 4-h chart
Reply   
Resistance at the 4-hour 200-SMA at 0.9956 caps the present move

in a thin market like today, however everything is possible - USD strength should come in as no surprise as China falters with inflation fears mounting and uncertainty is lurking around the corner

not sure but the fading momentum in Precious metals /Silver&Gold/ should be USD positive, no?

I'm catering a little AUD/USD short from 0.9951 with tight stop.

jerusalem kb 15:51 GMT January 17, 2011
buy nzdusd



at daily ress

Rexburg Stubbs 15:40 GMT January 17, 2011
What's the buzz?

I'm to say that there is no interest in a stable Eur/USD. Drop it like a stone.

GVI Forex john 15:05 GMT January 17, 2011
What's the buzz?

- Politically there is little support in the German electorate for bailing out other nations in the EZ.

GVI Forex john 14:49 GMT January 17, 2011
What's the buzz?

- As w suggested earlier, there is no German interest in expanding the EFSF.

GVI Forex Blog 14:44 GMT January 17, 2011 Reply   
Ecofin meets to discuss Europe's crisis Swiss Finance Minister against more intervention Showdown between Hu and Obama EUR higher; GBP lower

Forex Market Commentary and Analysis (17 January 2011)

to dr unken katt 14:09 GMT January 17, 2011
EURUSD

really!?!

Rexburg Stubbs 14:03 GMT January 17, 2011
EURUSD

To drunken Katt- not bad after your dizzy spell earlier. "Important" levels to be seen all the way down.

Gen dk 14:02 GMT January 17, 2011 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

to dr unken katt 14:01 GMT January 17, 2011
EURUSD

he s not only robot but a broken one he repeats itself all the time ,,, happy trade , happy day , happy trade , happy day

jerusalem kb 13:52 GMT January 17, 2011
EURUSD
Reply   
Sell EURUSD
Entry: 1.3320 Target: 1.3230-1.3135 Stop: 1.3370

PLACED A PENDING ORDER AND TO BE DELETE IF NOT TRIGGERED BY THE DAILY CANDLE CLOSE

to dr unken katt 13:51 GMT January 17, 2011
EURUSD

important level to watch i think is 3250 and 3145

tokyo rana 13:51 GMT January 17, 2011
SELL EURUSD

Rexburg Stubbs 13:46 dear friend,idid not know that u likes cats hehe...good luck....katt nice one robot haha...happy day,

Rexburg Stubbs 13:46 GMT January 17, 2011
SELL EURUSD

I'm to say thanks to drunken katt.

to dr unken katt 13:44 GMT January 17, 2011
EURUSD

of course its short , there s no challenge to beat the prev highs , this japanese robot is programmed in 1 direction only

Tokyo Rana 13:40 GMT January 17, 2011
EURUSD

Singapore SGFXTrader 13:36 dear friend,me too 2lots long add on dips....happy day,

GVI Forex Jay 13:36 GMT January 17, 2011
Tech Talk

Fibos ruling so far:

Low at 1.3243 was 10 pips above the 38.2% level of 2011 range

High a short while ago was about 10 pips below 50% of 1.3455-1.3243

Singapore SGFXTrader 13:36 GMT January 17, 2011
EURUSD

Buy EURUSD
Entry: 1.33038 Target: 1.3450 Stop: 1.3280

Eurusd is very weak now. Very heaving shorting seen.
This is bad sign!

I am long Eurusd @ 1.33038, 2 standard lot.

Tokyo Rana 13:20 GMT January 17, 2011
EURUSD

Buy AUDUSD
Entry: 0.9875 Target: 1.00/1.05 Stop: later

also hold that....happy day

Tokyo Rana 13:18 GMT January 17, 2011
EURUSD

Singapore SGFXTrader 13:17 dear friend,im not much look charts it confuse u......im long till 1.378...come on skype...happy day,

jerusalem kb 13:18 GMT January 17, 2011
AUDNZD
Reply   
Buy AUDNZD
Entry: 1.2770 Target: 1.2965 Stop: 1.2710

BUY PENDING ORDER

Singapore SGFXTrader 13:17 GMT January 17, 2011
EURUSD

Buy EURUSD
Entry: Target: Stop:

OMG, so many people shorting Eurusd.

It briefly touch 1.334, then it tumble to 1.331 now.

What is happening? the hourly candle is losing steam.

??? Rana u saw that?

philadelphia caba 13:16 GMT January 17, 2011
usd/cad longs
Reply   
aded usd/cad long now, s/l below last week low, t/p open. BoC tomorrow.

London SMS 13:13 GMT January 17, 2011
sell gold

Squared up @ 1359.8 will await a small bounce and short again + $27 and some
-----------
Sell Gold
Entry: Target: Stop:

Added to gold short @ 1370

-----------
London SMS 23:40 GMT January 12, 2011
-- Trade Ideas --: Reply
Nice idea FM. Saw your post and just got lifted @ 1387. Left the same stop.

Caribbean! Rafe... 13:07 GMT January 17, 2011
EURUSD
Reply   
EURUSD : - Key short term model points.

13379,13020 (12913) 12805,12446.

Lahore FM 12:55 GMT January 17, 2011
-- Trade Ideas --

Buy OTHER
Entry: 0.7576 Target: Stop: 0.7650 for 1/2

1/10/2011 21:05:03 FM Lahore 34

Buy OTHER
Entry: 0.7576 Target: 0.7700 Stop: 0.7650 for half
01/05/2011 22:31:10 FM Lahore 52

Buy OTHER
Entry: 0.7576 Target: 0.7700 Stop: 0.7490
long now on kiwi.
--
half closed 0.7635 now.sl raised on remainder.
--
closed remainder long nzdusd now at 0.7742

Toronto EDP 12:54 GMT January 17, 2011
SELL EURUSD


For some strange reason that post doesn't sound to be anything like one put together by USA ZEUS ......can't help wondering if someone is trying to hijack a handle.

Tokyo Rana 12:47 GMT January 17, 2011
SELL EURUSD

USA ZEUS 12:42 dear friend,how are you and family?thanx for kind post...im long eurusd short mid term bullish long term ithink it will go to 1.09/1.19 for many reasons i believe that....maybe bfore go down we see 1.3787 and euro will find strong res....keep ur good work....happy day,

ldn cg 12:46 GMT January 17, 2011
Tech Talk

Does anyone else see the gpbusd 1.5910 area as important now that it is broken?

GVI Forex Blog 12:45 GMT January 17, 2011 Reply   
Dollar-Swiss is trading in a narrow range of 0.9635-75 today.

FX Thoughts for the day : 17-Jan--2011 - 1240 GMT

Gen dk 12:44 GMT January 17, 2011 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

USA ZEUS 12:42 GMT January 17, 2011
SELL EURUSD

London Mick-
Hello friend from across the pond. I'm to say stop at 2011 highs. I do not believe in target price. Maybe it goes to 1.27 maybe 0.7 but that is for the market to determine. I'm to say that the big money is made by letting profits run and run. 1.3307 shot for late party goers is a sell stop idea b'cause bid needs to now trigger that on the way down to be validated.

Rana- you are simply amazing. Maybe the beat ever at FX trading. I'm to say win or lose, impression will not change.

Lol & Good to the trades

GVI Forex Blog 12:37 GMT January 17, 2011 Reply   
The market is likely feeling the effects of the first two weeks of the year that saw it trade in a bipolar fashion, smashing the euro the first week and then squeezing the shorts in the second week.

Tech Talk - EUR/USD In Limbo

London SMS 12:32 GMT January 17, 2011
Over bought?

Added to short @ .9958 - moved stop down to 9970 and if stopped will sell again above 1.000
---------
Entry: 0.9922 Target: 0.96 Stop: 1.

Sold here

GVI Forex Jay 12:30 GMT January 17, 2011
Tech Talk

EUR/USD:

1.3349 = 59% of 1.3455-1.3243
1.3274 = 61.8%

but eur/usd not the focus (note gbp/usd, etc)

Tokyo Rana 12:23 GMT January 17, 2011
SELL EURUSD

Rexburg Stubbs 12:19 dear friend,im long till 1.37/143...happy day,

London Mick 12:23 GMT January 17, 2011
SELL EURUSD

Stubbs. Target/stop?

Rexburg Stubbs 12:19 GMT January 17, 2011
SELL EURUSD

I'm to say that one who is late to the party can short Eur/USA at 1.3307

GVI Forex Jay 12:00 GMT January 17, 2011
Tech Talk
Reply   
12:00 GMT (Global-View.com) January 17 - The market is likely feeling the effects of the first two weeks of the year that saw it trade in a bipolar fashion, smashing the euro the first week and then squeezing the shorts in the second week. This saw an outside week last week but not an outside week key reversal. This also saw the eur/usd close on Friday around unchanged vs. the 2010 close in what turned out to be a zero sum game for the first two weeks of trading for this pair.

The third week of the year has started out with the euro giving back some of those gains, both vs. the dollar and on its crosses but performing technically, creating a mixed picture for the dollar. One change from last week is today should see a break of a 5 day pattern of higher closes, leaving the market in limbo and likely focused more on euro crosses than eur/usd. The low at 1.3243 was just above:

1.3239 = S2
1.3233 = 38.2% of 1.2875-1.3455 (2011 range).

Other levels worth noting in the absence of any obvious supports or resistance as it trades between the 20 day mva (1.3167) and 100 day mva (1.3415) in this holiday thinned session:

1.3270 = former daily trendline broken last week
1.3296 = 50 day mva

GVI Forex john 11:44 GMT January 17, 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.

GVI Forex john 11:39 GMT January 17, 2011


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

HIGHLIGHTS: No Major Data U.S. Holiday

  • European Finance Ministers meeting to decide on additions to EFSF fund today. Additional funding is not assured with German politicians now dragging their feet.

  • Key German Sentiment data (ZEW and IFO) due over the week.

  • China policy tightening on Friday a weight on the commodity exporting nations tightens reserve requirement. Further tightening expected before the start of the lunar new year

  • Trade in the EUR in the early days of the new calendar year is being deemed volatile and dangerous,

  • Mixed ECB readings to tighten in 2H11? Some saying yes. We wonder.



GVI Forex Blog 11:34 GMT January 17, 2011 Reply   
The euro fell broadly on Monday as hopes for an increase in the euro zone's bailout fund faded and as investors reassessed a recent rise in European Central Bank interest rate expectations.

FOREX NEWS - Euro falls on fading hopes for bailout fund

tokyo rana 11:01 GMT January 17, 2011
SELL EURUSD

Rexburg Stubbs 10:59 dear friend,good luck,happy day,

tokyo rana 11:00 GMT January 17, 2011
-- Trade Ideas --

Buy
Entry: 1.326 Target: open Stop: later

Lahore FM 09:25 dear brother,very bad luck...i still hold aud and eur longs....happy day,

GVI Forex Blog 10:57 GMT January 17, 2011 Reply   
The EUR/USD was softer during the session ahead of the EcoFin meeting in Brussels. There are continued signs that the region's ministers would wrangled over a bailout plan.

TradeTheNews.com European Market Update: Spain replaces two bond auctions with a syndicate issue; ECB's Orphanides shows that central bank view on inflation is not unanimous

GVI Forex Blog 10:51 GMT January 17, 2011 Reply   
though last week’s MPC meeting passed without event, growing nervousness over the UK rate outlook continues to weigh heavily on sterling rate sentiment

ECONOMIC DATA ANALYSIS - Inflation fears trump signs of economic slowdown - for now (Lloyds Bank)

Gen dk 10:49 GMT January 17, 2011 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Cambridge Joe 10:40 GMT January 17, 2011
Over bought?

SMS// thanks for the heads up.
I was too early with auschf, but these two have the same profile from what I see....
Both look set for south, but I'm waiting for my indicators before I go ! LOL !

Ta!
GLGT

Syd 10:34 GMT January 17, 2011
Euro Counterfeits In Finland Up 22.2% In 2010
Reply   
http://www.suomenpankki.fi/en/suomen_
pankki/ajankohtaista/tiedotteet/Pages/tiedote5_2011.aspx

jerusalem kb 10:31 GMT January 17, 2011
buy nzdusd

Buy OTHER
Entry: 0.7830 Target: 0.8085 Stop: 0.7700

SL now at 0.7640 and final target 0.7805
placed a buy stop based on daily chart(this is what daily chart target if only break above 0.7805)

London SMS 10:28 GMT January 17, 2011
Over bought?
Reply   
Sell AUDUSD
Entry: 0.9922 Target: 0.96 Stop: 1.

Sold here

Gen dk 09:58 GMT January 17, 2011 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Hong Kong 09:55 GMT January 17, 2011
GBP/USD Intra-day signal by AceTrader
Reply   
GBPUSD
Entry: Target: Stop:

INTRA-DAY GBP/USD: 1.5842

Last Update At 17 Jan 2011 09:33 GMT

Despite cable's brief bounce fm 1.5832 to 1.5874,
current retreat suggests further choppy trading
below last Friday's high of 1.5889 wud continue n
breach of 1.5832 wud bring weakness twds 1.5810 sup
b4 prospect of another rebound later.

Sell on recovery with stop as indicated n only
abv 1.5889 wud extend rise fm 1.5345 to 1.5911 res.

Range Forecast
1.5832 / 1.5860

Resistance/Support
R: 1.5889/1.5911/1.5949
S: 1.5810/1.5784/1.5734

http://www.acetraderfx.com

GVI Forex Blog 09:54 GMT January 17, 2011 Reply   
New On Forexpros - All European Markets in one place. In this section you'll be able to find stocks in real time for the European countries

Forexpros Daily Analysis - 17/01/2011

Lahore FM 09:40 GMT January 17, 2011
-- Trade Ideas --

Sell Crude
Entry: 91.47 Target: Stop: 92.20 for 1/2

01/17/2011 00:28:10 FM Lahore 8

Sell Crude
Entry: 91.47 Target: Stop: 92.20
sold feb crude for something below 88.70.
--
closed half at 90.98 now.

Toronto MDunleavy 09:39 GMT January 17, 2011
Sell GbpAud
Reply   


Sell GBPAUD
Entry: 1.6055 Target: 1.5770 Stop: 1.6245

Trade Idea: GBP/AUD - Sell ?(Stop Limit) at 1.6055; Target: 1.5770 ; Stop: 1.6245.
In the case of failures.
Trade Idea: GBP/AUD - Sell ?(Stop Limit) at 1.6340; Target: 1.5770 ; Stop: 1.6530.
~~~>docs.google.com/View?id=dg3m7zmf_9czpg6whs

Lahore FM 09:34 GMT January 17, 2011
-- Trade Ideas --

Buy EURGBP
Entry: Target: Stop:

0.8360 is buy region imho!

Caribbean! Rafe... 09:33 GMT January 17, 2011
EURUSD

One can exit euro shorts at 13160 if need arises.

Cambridge Joe 09:29 GMT January 17, 2011
AUDCHF

AUSCHF short.
sl now to entry @ 9579
time to take the dogs... tho it's hissing down right now !

Lahore FM 09:25 GMT January 17, 2011
-- Trade Ideas --

Buy
Entry: 1.3339 Target: Stop: 1.3260

Lahore FM 08:56 GMT January 17, 2011
-- Trade Ideas --: Reply
Buy EURUSD
Entry: Target: Stop:

sl lowered to 1.3260 from 1.3270.
==
stopped out at 1.3260

Dubai SAS 09:20 GMT January 17, 2011
Sell Euros

Dubai SAS 06:39 GMT January 13, 2011
Sell Euros : Reply
Entry: 1.3130 Target: Open Stop: 1.3215
Sold

Half out @ 1.3095

Out of the balance half @ 1.3265, out of the additional short taken @ 1.3398 @ 1.3265 also ... out of Jail ! still like selling rallies in euro

Cambridge Joe 09:01 GMT January 17, 2011
AUDCHF
Reply   
Sold auschf
entry 9579
sl 9595
small

Syd 09:00 GMT January 17, 2011
New Euro Risk for Europe
Reply   
The planned conversion of the euro rescue fund could increase the risk to the taxpayers in Germany, France and other euro countries with rating top marks. According to data produced by the Euro-Finance provides one of the models discussed, mainly guarantee that states with a triple-A rating on the capital market for funds
Other countries of the Euro-core group would be only in a second step guarantees. Another variant is that the Fund will receive a capital stock that could secure his Both variants have effects on the federal budget. LINK

Irish lenders besiege central bank for emergency loans
Irish banks are running out of collateral they can use to borrow from the European Central Bank, turning instead for emergency support from their own central bank on an unprecedented scale.LINK

New age of intervention in food prices
Worries over food prices are gathering pace and triggering alarm among politicians across the world. For there is nothing more likely to bring down a government than ignoring starving citizens. In India, people are upset about onions. Expensive cooking oil is causing hoarding in China, a practice banned by the government. Meanwhile, flour and bread are the main source of riots in Algeria and now Jordan.LINK

Lahore FM 08:56 GMT January 17, 2011
-- Trade Ideas --

Buy EURUSD
Entry: Target: Stop:

sl lowered to 1.3260 from 1.3270.

Lahore FM 08:56 GMT January 17, 2011
-- Trade Ideas --

Buy EURCAD
Entry: Target: Stop:

sl lowered to 1.3100.

NGN CFANFX 08:28 GMT January 17, 2011
Long UJ



caution please

Blore RKG 08:06 GMT January 17, 2011
ireland
Reply   

http://www.telegraph.co.uk/finance/economics/8262982/Irish-lenders-besiege-central-bank-for-emergency-loans.html

tokyo rana 07:55 GMT January 17, 2011
SELL EURUSD

stop another 30pipss lower...

tokyo rana 07:52 GMT January 17, 2011
SELL EURUSD

Rexburg Stubbs 07:27 dear friend,u must be little happy now...did u sleep on weekend or not?bcoz u short 3.6million eurusd....happy day,

Hong Kong 07:32 GMT January 17, 2011
EUR/USD Intra-day signal by AceTrader
Reply   
EURUSD
Entry: Target: Stop:

INTRA-DAY EUR/USD OUTLOOK

Last Update At 17 Jan 2011 07:00 GMT

Rate : 1.3300

Euro's present breach of Fri's low at 1.3314 con
firms last week's rally fm 1.2860 has made a temp.
top at 1.3458 n consolidation with downside bias
remains for a retrace. to 1.3268/73, nr term o/sold
condition is expected to kee price abv 1.3210/20.

Turn short on recovery for this move n only abv
1.3336 signals low possibly made, 1.3365/70.

Range Forecast
1.3285 / 1.3315

Resistance/Support
R: 1.3336/1.3385/1.3416
S: 1.3268/1.3210/1.3183

http://www.acetraderfx.com

Syd 07:31 GMT January 17, 2011
Can Europe Be Saved?
Reply   
THERE’S SOMETHING peculiarly apt about the fact that the current European crisis began in Greece. For Europe’s woes have all the aspects of a classical Greek tragedy, in which a man of noble character is undone by the fatal flaw of hubris.

http://www.nytimes.com/2011/01/16/magazine/16Europe-t.html?_r=1

Rexburg Stubbs 07:27 GMT January 17, 2011
SELL EURUSD

Rexburg Stubbs 05:16 GMT January 17, 2011
SELL EURUSD : Reply
I'm to say that 1.3300 is an easy immediate target.

I'm to say thank you even to drunken katt

jerusalem kb 07:06 GMT January 17, 2011
GBPUSD
Reply   
Buy GBPUSD
Entry: 1.5770 Target: 1.5965/1.6025 Stop: 1.5700

PLACED A BUY PENDING ORDER

tokyo rana 07:03 GMT January 17, 2011
Long UJ

Sell USDJPY
Entry: 83.05 Target: open Stop: later

happy day,

Mtl Dtt 07:00 GMT January 17, 2011
Long UJ
Reply   
Buy USDJPY
Entry: 82.97 Target: Stop: 82.82

Long UJ 82.97

GVI Forex Blog 06:54 GMT January 17, 2011 Reply   
Asian Market Update: China markets sharply lower following Friday RRR hike; EUR/USD again repelled at $1.34

Asian Market Update: China markets sharply lower following Friday RRR hike; EUR/USD again repelled at $1.34

Mtl Dtt 06:40 GMT January 17, 2011
jpy

cheers to that. I absolutely agree.
I'm a pupil of the market, and just trying to get a better understanding on other people's take on what price is doing.

Just as yourself did by taking a Long position when I would have been short. It is these tug-of-war battles which create the market and pointing out that I'm on the otherside of the rope.

cheers!

Caribbean! Rafe... 06:37 GMT January 17, 2011
EURUSD
Reply   
EURUSD : - Correcting from model high 13379 to model low 13020 level.

tokyo rana 06:34 GMT January 17, 2011
jpy

Mtl DTT 06:07 dear friend,if u think short u can short bcoz anything possible...happy day,

Mtl DTT 06:07 GMT January 17, 2011
jpy

Bold move to long EURUSD here. It looks more of a short at present levels

Syd 06:07 GMT January 17, 2011
Zapatero warns on regional spending
Reply   
José Luis Rodríguez Zapatero, Spanish prime minister, has issued a hardline warning to the country’s autonomous regions that they must curb public spending and debt creation so that Spain can recover from its sovereign debt crisis.
After decades of government concessions to regional demands, Mr Zapatero said in a Financial Times interview that the central government would strictly enforce deficit limits and act against any region that stepped out of line.
http://www.ft.com/cms/s/0/7fb126d0-21ac-11e0-9e3b-00144feab49a.html#axzz1BFBmq5Wo


tokyo rana 05:51 GMT January 17, 2011
jpy
Reply   
Buy EURUSD
Entry: 1.3330 Target: open Stop: 1.329

good luck shorting long here also audusd audjpy.....happy day,

Syd 05:49 GMT January 17, 2011
Economists Expect PBOC To Hike Rates In February - Poll
Reply   
The People's Bank of China is likely to hike interest rates again next month in its continuing battle against inflation, economists say.In the poll of 10 economists, five expect the central bank to hike its benchmark one-year lending and deposit rates by 25 basis points in February, while ING economists expect a February hike of 50 basis points.
Carl Weinberg of High Frequency Economics expects the PBOC to hike the reserve requirement ratio three times in 2011, by a total of 150 basis points. It hiked the RRR ratio by 50 basis points on Friday, following six such hikes in 2010.

Citigroup economists have the most aggressive forecast, of four 25 basis-point hikes in 2011. "Monetary policy is still too loose to stem China's excess liquidity problem and adds to inflation risks. To anchor inflation expectations, more tightening is likely," they said. A rate hike could be announced before or during the Chinese New Year holiday, which starts Feb. 3, taking effect immediately afterwards, Citigroup said.

Dow Jones

Syd 05:21 GMT January 17, 2011
EMU policies are pushing Southern Europe into systemic political crisis
Reply   
This is what happened to Britain during the ERM crisis of 1992, the trial run for the monetary union.

German reunification was an "asymmetric shock", setting off a boom that compelled the Bundesbank to tighten the screw again and again, and forcing the Bank of England to follow suit at a time when the UK housing bust was already underway.
Spain is about to relive the experience, for Germany is going through another such shock. This one is caused by surging exports to the BRICs -- machinery, luxury cars, aircraft, medical kit, and chemicals. German exports to China rose 40pc last year, and 42pc to Russia.
Chancellor Angela Merkel.
She has two viable options. She can choose to save monetary union, first by doubling the size of the EU bail-out fund and halve the interest rate charged so that the debt-stricken states can recover; and then by acquiescing in fiscal federalism and a pooling of debts -- what McKinsey’s chief in Germany calls a "spiral into a Transferunion" – entailing a regime of subsidies for years to come.

That is to say, Germany must be prepared to do for Southern European what it has already done for its own kin in East Germany, but on six times the scale.
Or she can pull the plug, by quietly signalling to the Verfassungsgericht that Berlin would not be too angry if the eight judges declared the EU’s rescue machinery to be unconstitutional, ending EMU as we know it.

http://www.telegraph.co.uk/finance/economics/8262685/EMU-policies-are-pushing-Southern-Europe-into-systemic-political-crisis.html

Rexburg Stubbs 05:16 GMT January 17, 2011
SELL EURUSD

I'm to say that 1.3300 is an easy immediate target.

Rexburg Stubbs 05:14 GMT January 17, 2011
SELL EURUSD

I'm to say that Eur/USA 1.30 is an easy target.
I'm to say that there isn't much support for Eur/USA under 1.30

sao cg 04:48 GMT January 17, 2011
SELL EURUSD
Reply   

Entry: 1.3305 Target: 1.20 Stop: 1.35

just waiting for a break down of 1.3310 to add to my short and go south EURUSD again.

I will also buy dollars against JPY some time this week.

Lets see.

Mtl Dtt 04:47 GMT January 17, 2011
Long NZDJPY
Reply   
Buy ...
Entry: 63.703 Target: 63.90+ Stop: 63.59

Long NZDJPY @ 63.703

Syd 04:23 GMT January 17, 2011
Bank of England Urged to ‘Hold Its Nerve’ on Inflation
Reply   
link

Australia's Queensland Floods To Affect Mortgage Payments - Fitch
SYDNEY (Dow Jones)--The Queensland floods will have a negative impact on mortgage borrowers and could impact mortgage-backed transactions in the country, Fitch Ratings said Monday.
"Queensland's floods might also temporarily reduce available income in selected mortgage-backed transactions depending on their exposure to the affected areas," added Zanesi.

Any hit to mortgage affordability could have a broader impact in Australia, especially for banks. The country's four largest banks hold nearly 85% of all mortgages in the country on their books, with the about 90% of Australians holding variable mortgage loans.


http://online.wsj.com/article/BT-CO-20110116-703470.html

Hong Kong 04:16 GMT January 17, 2011
Support, Resistance and Range Forecast by AceTrader
Reply   
INTRA-DAY USD/JPY:

Last Update At 17 Jan 2011 02:33 GMT

Range Forecast
82.80 / 83.05

Resistance/Support
R: 83.08 / 83.15 / 83.50
S: 82.51 / 82.40 / 82.28

-------------------------

INTRA-DAY EUR/USD:

Last Update At 17 Jan 2011 02:38 GMT

Range Forecast
1.3320 / 1.3350

Resistance/Support
R: 1.3385/1.3416/1.3435
S: 1.3314/1.3268/1.3210

--------------------------

INTRA-DAY USD/CHF:

Last Update At 17 Jan 2011 02:42 GMT

Range Forecast
0.9635 / 0.9665

Resistance/Support
R: 0.9687/0.9700/0.9717
S: 0.9605/0.9588/0.9542

---------------------------

INTRA-DAY GBP/USD:

Last Update At 17 Jan 2011 02:43 GMT

Range Forecast
1.5835 / 1.5865

Resistance/Support
R: 1.5889/1.5911/1.5949
S: 1.5840/1.5810/1.5784

http://www.acetraderfx.com

GVI Forex Blog 04:08 GMT January 17, 2011 Reply   
US stock market rallied to a new 52 week high with gaining 0.47% to close at 11,787 and S&P 500 gaining 0.74% to close at 1293.

Morning Briefing : 17-Jan-2011 -0336 GMT

Syd 04:00 GMT January 17, 2011
The Minerals Council said a 40 per cent tax on Queensland's coal sector would crush the industry jus
Reply   
GREENS leader Bob Brown is facing mounting condemnation after calling on coal companies to foot the bill for the Queensland flood recovery.
Senator Brown said coal companies, as major climate change contributors, should pay a 40 per cent resources super profits tax to pay for the clean-up.
Senator Brown said yesterday that Australia's “coal barons” should be made to pay for the damage caused by climate-linked natural disasters.

“Burning coal is a major cause of global warming,” he said.

“This industry, which is 75 per cent owned outside Australia, should help pay the cost of the predicted more severe and more frequent floods, droughts and bushfires in coming decades.”
link

Rexburg Stubbs 03:57 GMT January 17, 2011
Coal miners should foot Qld flood bill

To Drunken Katt-

I'm to say that the Eur/USA is to fall down hard.

to dr unken katt 03:46 GMT January 17, 2011
Coal miners should foot Qld flood bill

G’day Gringo. Apologies but I’ve really got no idea whatsoever on the EUR/USD- toss a coin I’d say as neither currency is worth buying. I see H&S only as major reversal patterns so I only use them on longer term charts

Syd 03:45 GMT January 17, 2011
Coal miners should foot Qld flood bill
Reply   
Coal miners should foot Qld flood bill
link

Syd 03:41 GMT January 17, 2011
Canberra should batten down the hatches
Reply   
Canberra should batten down the hatches
The flood carnage seen in Queensland could be experienced in Canberra, with experts warning of devastating storms and unrelenting rain in the capital for the next two months.
The ACT SES has received more than 1700 calls for help since July 1, way above the annual average of about 1200, but Commissioner Mark Crosweller has warned that the worst is yet to come.

http://www.canberratimes.com.au/news/local/news/general/canberra-should-batten-down-the-hatches/2048283.aspx

Lahore FM 02:35 GMT January 17, 2011
-- Trade Ideas --

Buy EURUSD
Entry: 1.3339 Target: 1.3420 Stop: 1.3270

long now

Lahore FM 02:34 GMT January 17, 2011
-- Trade Ideas --

Sell EURUSD
Entry: 1.3395 Target: Stop: 1.3440 for 1/2

01/14/2011 18:05:53 FM Lahore 14

Sell EURUSD
Entry: 1.3395 Target: Stop: 1.3440 for half
01/14/2011 15:11:10 FM Lahore 2

Sell EURUSD
Entry: 1.3395 Target: Stop: 1.3465
sold.
--
closed half 1.3350 now.sl lowered on rest.
--
closed rest 1.3339 now.

GVI Forex Blog 01:23 GMT January 17, 2011 Reply   
The euro hovered below a one-month high on Monday, with market players saying clearer signs of progress on the euro zone's safety net for sovereign debt are necessary for the currency to make significant gains.

FOREX NEWS - Euro off 1-month high as short-covering peters out

Syd 01:11 GMT January 17, 2011
Dongguan Ghost Mall And China’s Property Boom
Reply   
This is what the biggest mall in the world looks like on a typical Saturday, very reminiscent of this Hugh Hendry video of China’s empty skyscrapers and this video of China’s empty city.
http://www.creditwritedowns.com/2011/01/dongguan-ghost-mall-and-chinas-property-boom.html

Are Gold Pool Accounts Safe
■Wholesale fraud. A dealer might be a 100% hoax. It may not actually have the metal that customers have paid for, in which case the customers would get hurt. The proprietor would be committing a go-to-jail-forever crime, but it would be easier to pull off, perhaps for many years, with unallocated storage than with allocated storage. A customer who’s bought metal in allocated storage can visit his gold or silver and check the serial numbers on the bars. A customer who’s bought metal in unallocated storage may be allowed a tour of the vault, but all he’s going to see is a whole lotta gold and a whole lotta silver.
LINK

Hong Kong 01:02 GMT January 17, 2011
Daily FX Market Outlook by AceTrader-17-1-2011
Reply   
Market Review - 14/01/2011 19:42 GMT

Euro pares gains on profit-taking after rising to one-month high vs dollar

The single currency climbed above $1.3400 level against the dollar on Friday as traders bought euro aggressively on short-covering. Euro rose approximately 3.6% against the dollar this week as price was supported by a series of successful debt auctions by indebted eurozone countries together with ECB chief Trichet's concerns over inflation on Thursday.

Euro initially hit a one-month high of 1.3458 in European morning on Friday, however, price retreated sharply from there on profit-taking and later weakened to 1.3314 in NY session before staging a recovery.

In other news, Fitch downgraded Greece to BB+, outlook was negative, ratings became junk status. Fitch also cut Greece's long term foreign and local currency issuer default ratings to BB+ from BBB-. The rating agency said the Greek heavy public debt burden rendered fiscal solvency highly vulnerable to adverse shocks. Greek debt was now rated junk by all three major rating agencies.

In addition, China's central bank raised banks' reserve requirement by 50 b.p. on Friday after Chinese financial markets were closed, this move was the 7th increase since early 2009. However, market had rumoured such a move earlier on Friday so the reaction had not been too sharp.

The greenback fell against the Japanese yen briefly to 82.40 in Europe, however, the pair quickly rebounded from there to 83.00 on buying by Japanese names. Although the pair dipped again after the release of weaker-than-expected U.S. economic data, price rose again and reached 83.08 in NY afternoon before trading narrowly.

On economic front, U. Michigan consumer confidence in January unexpectedly dropped to 72.7 ( vs forecast of 75.4) from the previous reading of 74.5, retail sales in December came in at 0.6% versus the forecast of 0.8% and real earnings in December fell by 0.4% against forecast of -0.2%.

The British pound initially rose in tandem with euro in European morning to 1.5867 and retreated on profit-taking, however, price rebounded after release of higher-than-expected U.K. PPI (Dec input prices increased by 3.4% on the month and were up 12.5% on the year, the largest rises since March and April respectively), sterling then fell briefly but sharply to an intra-day low of 1.5810 after news of raising of banks' reserve requirement by China's central bank. Cable later ratcheted higher 1.5889 in NY before moving narrowly.

Economic indicators to be released next week include:

UK Rightmove house prices, Japan Consumer Confidence, EU Finance Ministers' meeting on Monday, UK Consumer confidence, RICS house prices, Japan Industrial production, UK CPI and RPI data, Germany ZEW data, US Empire state mfg, Net LT TIC flows, NAHB housing index, Canada BOC rate decision on Tuesday, EU current account, UK jobs data and US housing starts on Wednesday, Germany PPI, Swiss ZEW, UK CBI orders, US home sales data and jobs data, Canada leading indicators on Thursday, Germany Ifo data, UK retail sales and Canada retail sales on Friday.

http://www.acetraderfx.com

Syd 00:34 GMT January 17, 2011
EU Says New Tensions in Debt Markets Unavoidable, Spiegel Says
Reply   
EU Says New Tensions in Debt Markets Unavoidable, Spiegel Says
The European Commission regards an exacerbation of tensions in the region’s sovereign debt markets as “unavoidable” in the first months of 2011, Germany’s Spiegel magazine reported, citing a strategy paper.

http://www.bloomberg.com/news/2011-01-15/eu-says-new-tensions-in-debt-markets-unavoidable-spiegel-says.html


Top Economists Debate the Crisis
'Clinging to the Euro Will Only Prolong the Agony'
Leading German economists Peter Bofinger and Stefan Homburg are split over the euro's chances of survival. In a discussion moderated by SPIEGEL, they talked about the wisdom of introducing a euro bond and what would happen if Germany left the common currency.
Homburg: Clinging to the euro will only draw out the agony. I argue in favor of making a painful break -- that is, putting an end to this monetary experiment. It would calm thing down in Europe and, on balance, the continent would be better off.
www.spiegel.de/international/europe/0,1518,735812,00.html

Lahore FM 00:28 GMT January 17, 2011
-- Trade Ideas --

Sell Crude
Entry: 91.47 Target: Stop: 92.20

sold feb crude for something below 88.70.

Israel dil 00:26 GMT January 17, 2011
Market hours...

joe, I think the mid-price is the same. But due to spread trade taking prices come different out.

Israel dil 00:26 GMT January 17, 2011
Market hours...

joe, I think the mid-price is the same. But due to spread trade taking prices come different out.

Lahore FM 00:22 GMT January 17, 2011
-- Trade Ideas --

Buy USDJPY
Entry: Target: Stop:

quite well suited for long.

Lahore FM 00:06 GMT January 17, 2011
-- Trade Ideas --

Revdax,yes its possible that both eurusd and usdchf go up but not very likely or usual.

 




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GVI Trading. Potential Price Risk Scale
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Mon 27 May 2019
AAGB/US- Holiday
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