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Forex Forum Archive for 01/24/2011

Pick a date from the header above to view forum postings for that day.
Click here to join the Live Forex Forum.


Syd 23:54 GMT January 24, 2011
Dun & Bradstreet is reporting an increasing number of firms delaying bill payments
Reply   
Dun & Bradstreet is reporting an increasing number of firms delaying bill payments, saying its latest business-to-business trade payment figures indicate cash flow will remain under pressure in 2011.
http://www.stuff.co.nz/business/small-business/4577873/Businesses-putting-off-paying-the-bills

Syd 23:28 GMT January 24, 2011
Forget interest rate rises Kucukalic says his index says interest rates should be cut this year!
Reply   
Kucukalic says if you add the high borrowing costs to tougher bank lending standards and then to the demand sapping impact of the high Aussie dollar, then monetary conditions are tighter than most think — especially the RBA!
Kucukalic says his index says interest rates should be cut this year!
Kucukalic says his index says interest rates should be cut this year!

GVI Forex john 23:27 GMT January 24, 2011


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

Calendar: Australia Quarterly CPI, JP- BOJ Decision. GB- GDP 

  • This remains a EUR market. The EUR opened weaker vs. USD and its crosses, but turned in the U.S. morning. 

  • A weaker EUR would have been a change from its recent pattern.

  • January flash EZ PMIs were flat,  but Germany continues to outperform.

  • Inflation pressures and worries starting to surface. Crude closing below technically significant $88.00 line . 

  • Key Canadian CPI data early Tuesday. US- Case-Shiller, Conference Board Confidence Survey, 2-yr auction.



Lahore FM 23:26 GMT January 24, 2011
-- Trade Ideas --

i am alright Theorist.good to see you about!

glgt!

Europe Theorist 23:17 GMT January 24, 2011
-- Trade Ideas --

Hello Lahore ... how are you ?? trust your well .. crazy mkts again, so little time these days .. but keep my toe in..

Lahore FM 23:11 GMT January 24, 2011
-- Trade Ideas --

Buy EURCHF
Entry: 1.2949 Target: 1.3460 Stop: 1.2830

long on eurchf now.

GVI Forex Blog 22:54 GMT January 24, 2011 Reply   
The Canadian dollar finished marginally stronger against the greenback on Monday, as a lack of drivers kept trading light ahead

Forex - CANADA FX DEBT-C$ firms slightly, looks to Tuesday CPI data

Syd 22:36 GMT January 24, 2011
The RBA won't be contemplating a rate hike at its Feb NAB head of FX strategy John Kyriakopoulos
Reply   
The RBA won't be contemplating a rate hike at its Feb. 1 board meeting given the Queensland floods will cut growth in 1Q by 0.8 percentage point, unless the underlying 4Q CPI jumped by 1% or more (data due at 0030 GMT), says NAB head of FX strategy John Kyriakopoulos. He says such a scary rise in the CPI is very unlikely. NAB expects CPI of 0.8% on quarter based on a top-down macroeconomic model. But it says the risks are all to the downside. Kyriakopoulos says NAB's survey of retail prices for the 4Q points to a CPI rise of just 0.6%. He puts support for the AUD/USD at 0.9864, while resistance will be evident at parity and then the overnight high of 1.0022.

GVI Forex john 22:10 GMT January 24, 2011
GVI Forex Trading Support


Global-View Chart Gallery updated. A wide selection of updated forex, interest rate and equity charts.

Global-View Market Tracker updated. Twice daily survey and technical studies of a broad range of related markets.

Syd 21:49 GMT January 24, 2011
EBRD: East Europe Growth At Risk From Currency Depreciation
Reply   
"An even worse scenario could materialize if currency wars turn into trade wars in the form of import restrictions," the EBRD said. "Much of the region is deeply integrated into global and local production networks or commodity markets. This makes the region particularly vulnerable to a trade shock if protectionist measures become sufficiently widespread for global trade to suffer."
LINK

CHARTING EUROPE: AUD/USD Poised For Weakness To $0.9625
LONDON (Dow Jones)–The Australian dollar continues to struggle against the U.S. dollar after yet another rejection above parity this month. And to make matters worse for the Aussie, a bear flag was completed on the daily chart last week, paving the way for further weakness towards a minimum downside target at $0.9625. The bull trap high at last December’s 28-year peak at $1.0258 is threatening to become the head of a larger head-and-shoulders top pattern, with the daily MACD beneath the zero-line and the falling slow stochastic indicator painting a bleak picture for the pair

Former PBOC Adviser: Faster Yuan Rise Helps Curb Inflation - Xinhua
Faster yuan appreciation helps curb inflation and promote economic restructuring, state-controlled Xinhua News Agency reported Monday, citing Fan Gang, a former adviser to the central bank.
LINK

GVI Forex john 21:40 GMT January 24, 2011
GVI Forex Trading Support

GVI CHART POINTS
Entry: Target: Stop:

Trading Resources...



Rexburg Stubbs 21:37 GMT January 24, 2011
EUR

I'm to say why not have EUR rip 200 pips+ lower from today's high, just to put things in perspective?

Cambridge Joe 21:37 GMT January 24, 2011
USDJPY
Reply   
IMHO . I'm seeing usdjpy north V soon.
GLGT.

GVI Forex john 21:36 GMT January 24, 2011
GVI Forex Trading Support

USD PIVOT POINTS
Entry: Target: Stop:

Pivots	EURUSD	USDJPY	USDCHF	GBPUSD	USDCAD	AUDUSD
Res 3	1.3851	83.49	0.9749	1.6122	1.0042	1.0201
Res 2	1.3768	83.22	0.9691	1.6067	1.0011	1.0111
Res 1	1.3705	82.86	0.9590	1.6031	0.9979	1.0044

Pivot	1.3622	82.59	0.9532	1.5976	0.9948	0.9954

Sup 1	1.3559	82.23	0.9431	1.5940	0.9916	0.9887
Sup 2	1.3476	81.96	0.9373	1.5885	0.9885	0.9797
Sup 3	1.3413	81.60	0.9272	1.5849	0.9853	0.9730

GVI Forex john 21:25 GMT January 24, 2011
GVI Forex Trading Support

USD MOVING AVERAGES
Entry: Target: Stop:

Latest	EURUSD	USDJPY	USDCHF	GBPUSD	USDCAD	AUDUSD
Last	1.3641	82.51	0.9490	1.5994	0.9946	0.9976
High	1.3686	82.94	0.9632	1.6013	0.9981	1.0022
Low	1.3540	82.31	0.9473	1.5922	0.9918	0.9865
Change	0.0026	-0.06	-0.0094	-0.0013	0.0004	0.0075

MVA	EURUSD	USDJPY	USDCHF	GBPUSD	USDCAD	AUDUSD
5 day	1.3515	82.55	0.9588	1.5969	0.9948	0.9945
10 day	1.3369	82.74	0.9628	1.5881	0.9916	0.9933
20 day	1.3277	82.46	0.9563	1.5696	0.9940	1.0005
50 day	1.3274	83.10	0.9704	1.5681	1.0049	0.9920
100 day	1.3456	82.89	0.9753	1.5756	1.0123	0.9827
200 day	1.3071	85.98	1.0291	1.5443	1.0252	0.9318

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

Hillegom Purk 21:24 GMT January 24, 2011
fx

Well enough drewling about other people Purk!

Back to trading, although it is good these kind of posts. Makes one wonder why we are on this surface. Me wondering where we forgot where we came for...

Me thinks that aud/usd has a rollercoaster to come, or not...
Already said it once, and it went up for 400-600 dotties...

Hillegom Purk 21:21 GMT January 24, 2011
fx

Stories will be told by Joe, we will all read, because it will be stories we recognize and comfort us.... goodie goodie Joe!
People like you are worth while, dont you forget that eh?

Syd 21:20 GMT January 24, 2011
Global Banks Urge Forex Rise To Cool Capital Flows
Reply   
Global Banks Urge Forex Rise To Cool Capital Flows
Emerging countries should strengthen their currencies to cool off cash and investment flows threatening to overheat their economies, the Institute of International Finance, a trade group of the world's largest banks, said Monday
LINK
Germany’s FDP to Boost Popularity With Tough Line on Euro
The Free Democrats, junior partners in Angela Merkel's government, have adopted a tough new stance in the euro crisis, ruling out any changes to the EU's euro rescue fund and any new steps that would hurt German taxpayers. LINK
Australia Floods Weigh on Economic Outlook
Richard Grace, head of currency strategy at the Commonwealth Bank of Australia said that an increase in rates in the next quarter would be viewed as "heartless"
LINK
The chief executive of German exchange operator Deutsche Boerse AG (DB1.XE) on Monday warned against protectionist measures including currency devaluation, which would be "poison for the global economy."

Two New Videos, Two Radically Different Chinas
Two videos in heavy circulation on the Chinese Internet Monday illustrate two starkly different views of modern China. One is a government-sponsored promotional film that portrays a gentle giant of a country, full of happy construction workers and break dancers who are proud of their national transformation, and the other is a short, intensely violent satirical animation about a little boy who dreams of revolution against a corrupt, abusive government.
LINK

Cambridge Joe 21:10 GMT January 24, 2011
fx

Purk// you are too kind.
Your nature is goodness.

All will be well.
Perhaps GVI would be kind enough to open a 'Stories Forum' and I could have a go at filling it ! LOL !

Hillegom Purk 21:05 GMT January 24, 2011
fx

Well Joe, nothing wrong with your head? LOL
Thanks man for the heads up. Guys like you are a cheer for this world. keep em coming.

Cambridge Joe 20:59 GMT January 24, 2011
fx

In such situations the mind is SO fast... everything slow motion

Then, after a few days..... we are back in dreamland.... 'til the next time !

Cambridge Joe 20:56 GMT January 24, 2011
fx

Dil// sure was a wake-up call ! LOL !

Israel dil 20:55 GMT January 24, 2011
fx

Joe, you did not go to Australia. you flown to there :-)

Israel dil 20:53 GMT January 24, 2011
fx

PURK, condolences to you and the family of your friend.

Cambridge Joe 20:53 GMT January 24, 2011
fx

Purk// As a young man I worked as a scaffolder all around London.
One day, in Hatton garden on the offices of johnson Mattey the bullion people, I was in a cradle (suspended deck) and the roof rig collapsed and I fell 5 floors then a lorry load of gear rained around me from 80Ft 24Mt.
While falling, I thought if I live thru this... i'm going to Aus !

Guess what ! LOL !

GVI Forex john 20:51 GMT January 24, 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.

Syd 20:51 GMT January 24, 2011
fx
Reply   
Hillegom Purk 20:48 GMT agree, always feel we need two lives , one to make all the mistakes and the other to enjoy living which I feel we are here for :-) but sadly we only get the one .

London SFH 20:51 GMT January 24, 2011
fx

ok Joe -sounds like fun mate-glad you detected the humour-some dont!

Hillegom Purk 20:48 GMT January 24, 2011
fx

I would like to live in Oz as well for a few years. Maybe some things that happen makes you wanna do stuff and do it as well...

Hillegom Purk 20:47 GMT January 24, 2011
fx

Well thank you all guys!!!!
I am sure that he can see this all and grin his grin that he always had. Learned a lot from him being cheerful.

Cambridge Joe 20:45 GMT January 24, 2011
fx

SFH // LOL !
Cheeky !

It was paving around the band practice building...
Stirs the blood to hear the band play Anchors away & Rule Brittania.....

Showing my age ... and my colours here ! LOL !

London SFH 20:43 GMT January 24, 2011
fx

Hey Joe ..what sort of work did you do with those navy boys?

London SFH 20:42 GMT January 24, 2011
fx

Sorry to hear about that Eric..

Cambridge Joe 20:41 GMT January 24, 2011
fx

Purk//always a shock to lose a friend.
Condolences my friend.

Cambridge Joe 20:40 GMT January 24, 2011
fx


Syd// you are too kind Sir !

About 30 years ago I lived in Sydney Aus. Glebe Point Road, opposite the Valhalla Cinema !!!
Did a load of paving work on the Navy base across the harbour....

Hillegom Purk 20:39 GMT January 24, 2011
fx

Yes Syd it does. i will remember his cheers.

GVI Forex john 20:39 GMT January 24, 2011
EUR

Purk- Our condolences to you and the family of your friend.

Syd 20:37 GMT January 24, 2011
fx
Reply   
Hillegom Purk 20:23 it puts everything in perspective doesnt it.

GVI Forex john 20:36 GMT January 24, 2011
What's the buzz?

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

- Turn of the EUR (strengthening) on its crosses signaled the turn in the EURUSD earlier.
- Some say the break in crude price to below $88 was a major technical development today. Its supposed to give equities a lift.
- will EURUSD follow shares if they rally?

Syd 20:34 GMT January 24, 2011
The Manila Model
Reply   
Despite public denials, euro zone governments are currently working on a proposal to relieve Greek bond debt. The proposal has a number of advantages for all countries involved, but it also entails risks that may be insurmountable. Some believe regulatory pressure will be required to force banks to take voluntary losses on their loans to Athens.

"Greece is so highly indebted that it will find it hard to stabilize its debt level in relation to its gross domestic product on its own," says Jörg Kraemer, the chief economist at German bank Commerzbank. "So it would be possible for states to partially forgive Greece's debts by supporting it in buying back bonds."

At the beginning of the crisis in Greece, German bank HRE, which has since been propped up with €100 billion in German government money, had bonds from Athens totaling €7.9 billion on its books. Meanwhile, partially nationalized Commerzbank had €3 billion in Greek bonds. If banks were to forgive that debt, they themselves may need to turn to taxpayers for yet another bailout.
Clemens Fuest, a financial expert at Oxford University, is calling on politicians to take a more realistic view of the situation. "We need to accept the fact that Greece and Ireland are bankrupt," he says. Fuest believes there are only two ways to bring the crisis back under control: Either the financially strong countries must assume part of the debt of those countries in trouble, or creditors should forgive part of the debt. "But in that sense it would be better if the affected countries begin restructuring on their own."
http://www.spiegel.de/international/europe
/0,1518,741268,00.html#ref=nlint

GVI Forex john 20:32 GMT January 24, 2011
GVI Forex Trading Support

Westpac NZ daily
AUD/USD and NZD/USD outlook next 24 hours:

We continue to see AUD rising with but lagging a newly invigorated EUR. CPI data today will be less important than usual given the data predates the Queensland floods.

Softer NZ data last week and the likelihood of a dovish statement from the RBNZ this Thursday should see NZD/AUD underperform.

Hillegom Purk 20:23 GMT January 24, 2011
EUR

Hillegom Purk 17:46 GMT January 24, 2011
EUR: Reply
Shirt aud/usd at 1,000000. err short... My shirt is still on, i think...
I am keeping these a little bit longer this week. ozmond is not a day trade, pitty...

___________________________________
Closed at 9979 here. so 41 pips today....

Just heared that a friend of mine just collapsed on the soccer pitch and died. So what it is worth now eh?

Syd 20:20 GMT January 24, 2011
BOBL
Reply   
Condolences to the BOBL family he will be missed on GV we need more like him , very sad news.

Rexburg Stubbs 20:12 GMT January 24, 2011
EUR

I'm to say that eur is more certain to drop hard and destroy long positions.

Syd 20:11 GMT January 24, 2011
fx
Reply   
Cambridge Joe 15:10 true nice thinking :-)

London SFH 20:09 GMT January 24, 2011
EUR

Yeah right Zeus,stubbs ..lemon drop kid ..or who ever you are today///all the so called prophets are like you..censored

nyc bankall 19:42 GMT January 24, 2011
aud/$
Reply   
Buy AUDUSD
Entry: 0.9930-0.9880 Target: 1.0190 Stop: 0.9765

A break above 1.0110 will then be crucial.

Rexburg Stubbs 19:31 GMT January 24, 2011
EUR

I'm to say explosive price movements are on the horizon.
Now Stubbs is like the other prophets here.

Vienna GD 19:27 GMT January 24, 2011
GD

Bern DS - 2nd Q: how low do you expect gold here? This btw is my current view LINK. And when to expect the reversal? Guess until latest Feb 8, but possibly already earlier. You?

GVI Forex Blog 19:27 GMT January 24, 2011 Reply   
Equity markets were buoyed by some M&A activity with resource companies outperforming on the back of Smurfit-Stone Container Corp agreeing to be bought. Intel also announced a further $10bn to its share buy-back programme boosting the Nasdaq which outperformed the other indices and is currently up 0.8% with the S&P 500 up 0.46%,

Forex - Morning Report (Westpac)

dc CB 19:26 GMT January 24, 2011
POMO

By Scot J. Paltrow
WILMINGTON, Delaware - Mon Jan 24, 2011 2:01pm EST

WILMINGTON, Delaware (Reuters) - A U.S. bankruptcy judge temporarily blocked bankrupt subprime lender Mortgage Lenders Network USA from destroying 18,000 boxes of original loan files after federal prosecutors said documents in them may be needed as evidence in more than 50 criminal investigations.
In a hearing Monday before U.S. Bankruptcy Judge Peter J. Walsh, a representative from the Delaware U.S. Attorneys' Office said she did not know details of any of the investigations.
But she said prosecutors and FBI offices around the country had requested time to access to the boxes and assess whether the contents contain needed evidence before the judge permits any destruction.
Walsh granted a 30-day delay, and said he would hold another hearing on Mortgage Lenders' request.
http://www.reuters.com/article/idUSTRE70N2AA20110124?feedType=RSS&feedName=businessNews

vancouver 19:23 GMT January 24, 2011
censored/usd
Reply   
AUDUSD
Entry: Target: Stop:

whats the buzz...............buy or sell aus/usd now sitting at .99908

Caribbean! Rafe... 19:15 GMT January 24, 2011
eur/$

those are weekly levels.

Vienna GD 19:15 GMT January 24, 2011
GD

Bern DS ... thx for reply on G&S. Q4/2011 or Q1/2012 as a top for Gold fits exactly with my (in fact Cyclists) Cycles. And Cyclist has been right sooo often, that I have almost no doubt on that projection. I will indeed sell a part (or even all?) of my phyiscal into late 2011. 2012-2014 = bust, which of course, nobody expects today.

BTW Cyclist eventually expects war in the 2nd half of 2011 and crude making a final run too. Have you heard any rumors regarding Q3/Q4 2011?

Caribbean! Rafe... 19:14 GMT January 24, 2011
eur/$

Euro capped temporarily at 13713 targets 13755 & 13885

nyc bankall 18:50 GMT January 24, 2011
eur/$
Reply   
We'd like to express our condolences to BOBL's family and his loved ones, he will surely be missed by all.

nyc bankall 15:52 GMT January 21, 2011
eur/$: Reply
Next in line should be 1.3628, 1.3642 and possibly 1.3680

Now flat on eur/$ and waiting to re-buy 1.3615-1.3565 Stop 1.3380, targets 1.3755 then 1.3805

to dr unken katt 18:03 GMT January 24, 2011
GVI Forex Trading Support

euro back in the tunnel
thats a good news

Hillegom Purk 17:46 GMT January 24, 2011
EUR

Shirt aud/usd at 1,000000. err short... My shirt is still on, i think...
I am keeping these a little bit longer this week. ozmond is not a day trade, pitty...

GVI Forex john 17:44 GMT January 24, 2011
GVI Forex Trading Support

CALENDAR ITEM PREVIEW
Entry: Target: Stop:

Fed Meeting on Wednesday...

Although policy is unlikely to be changed at the first FOMC meeting of 2011 on Wednesday, the rotation of the voting panel could still elicit some surprises. The notable joiners are Fed presidents Plosser (Philadelphia) and Fisher (Dallas), both of whom have regularly expressed concerns about the QE programme and have a history of dissention, while arch dissenter Hoenig leaves the panel.

While we expect a unanimous decision to continue with the current policy stance, it would not be a major surprise if someone (or more than one) took up the baton from Hoenig or, at least, the language in the statement were nuanced. The improving economic backdrop also adds an element of spice to the mix. If the Fed adopts a slightly less dovish tone in the press statement, this would add to upward pressure on US and global bond yields.

Lloyds TSB Preview from G-V Blog

Rexburg Stubbs 17:41 GMT January 24, 2011
EUR

nyc fh2nyc 17:31 GMT January 24, 2011

Hello dear friend. Nothing doing yet. What say you?

Rexburg Stubbs 17:39 GMT January 24, 2011
EUR

I'm to say enjoy the free dinners from Wall Street

Hillegom Purk 17:35 GMT January 24, 2011
EUR

e/u shorts 13670 both closed at 13650. I like my pips.

nyc fh2nyc 17:31 GMT January 24, 2011
EUR

Stubbs, do you still see silver going higher? Thanks

Rexburg Stubbs 17:30 GMT January 24, 2011
EUR

I'm to say eur is going lower yet.

Rexburg Stubbs 17:27 GMT January 24, 2011
EUR

I'm to say that free lunch can grow into dinner for two.

dc CB 17:05 GMT January 24, 2011
POMO

So the 2's tomorrow and the 5's Wed should have Fantastic results. As those who buy now will only have to hold the issue for a few weeks.

dc CB 16:58 GMT January 24, 2011
POMO
Reply   
Today's Edition Of The FRBNY's "Flip That Bond" Criminal Reality Show Is Now In The Books, As Primary Dealers Continue To Churn Just Issued Bonds

Specifically, we said: "The just auctioned off 2.75% of 12/31/2017 is not even among the top 10 cheapest bonds, which means that if on Monday the PN4 makes up for a material percentage of the $7-9 billion buyback, then something is very, very wrong." Well, one look at the final completion list of Today's POMO indicates that it is precisely the just auctioned off PN4 due 12/31/2017 that made up over half of the entire bloody operation!
http://www.zerohedge.com/article/todays-edition-frbnys-flip-bond-criminal-reality-show-now-books-primary-dealers-continue-chu

Rexburg Stubbs 16:58 GMT January 24, 2011
EUR

I'm to say thank you for the free lunch today.

Caribbean! Rafe... 16:54 GMT January 24, 2011
EURUSD
Reply   
capping at 13713

Rexburg Stubbs 16:53 GMT January 24, 2011
EUR

I'm to say intraday 1.3660 is Make Or Break

HK Kevin 16:51 GMT January 24, 2011
EUR

HK Kevin 16:42 GMT January 24, 2011
EUR: Reply
I like 1.3688, possibly the top of day. Just short at 1.3682 for a free meal
FOrget that there's no free meal in the world. Stop of my short EUR position at 1.3719, t/p 1.35

ldn jp 16:45 GMT January 24, 2011
San Diego BOBL
Reply   
Very very sorry indeed to hear of San Diego BOBL's passing away. I have always respected and taken note of his many knowledgeable postings over the years. Indeed if one looks in the archives there are still many gems there that are still relevant today. My Condolences to his family and he will be sadly missed.

GVI Forex Blog 16:44 GMT January 24, 2011 Reply   
The greenback saw earlier gains evaporate as the NY morning progressed. EUR/USD rallied into positive territory and over 100 pips from its intraday lows of 1.3540 for fresh two-month highs.

TradeTheNews.com US Market Update

HK Kevin 16:42 GMT January 24, 2011
EUR

I like 1.3688, possibly the top of day. Just short at 1.3682 for a free meal

Richmond Hills 16:37 GMT January 24, 2011
EUR

same practice as same as one of our PK memorial members EUR1.2777

Israel dil 16:25 GMT January 24, 2011
EUR

Buy USDCHF
Entry: Target: Stop:

closed half for +16 and stop raised to 0.9481
risk free trade from here

Chicago LS 16:20 GMT January 24, 2011
BOBL

Sad news indeed, my sympathies to his family. He was generous to share his many insights.

Caribbean! Rafe... 16:17 GMT January 24, 2011
Explosion kills 31 at Moscow airport.
Reply   
Explosion kills 31 at Moscow airport

http://news.yahoo.com/s/ap/eu_russia_airport_blast

This headline has been on yahoo for more than almost 2 hours.

Lahore FM 16:13 GMT January 24, 2011
-- Trade Ideas --

Sell AUDUSD
Entry: 0.9991 Target: 0.95 Stop: 1.0055

sold afresh.

earlier shorts from 1.0051 gave 171 pips on 2/3rds last third was stopepd at 0.9980 lowered sl.

Amsterdam purk 16:11 GMT January 24, 2011
EUR

Thank you Dil not necessary. I just trade and still learning every day.

dc CB 16:11 GMT January 24, 2011
What's the buzz?

The Fed purchased $8.87 bln of 2016-2017 maturities through Permanent Open Market Operations as dealers looked to put back $22.36 bln

on the high end of the 7-9bln range.

to dr unken katt 16:09 GMT January 24, 2011
EUR

euro at daily R1 77

Rexburg Stubbs 16:08 GMT January 24, 2011
EUR

I'm to say that discipline is a challenge when seeing opportunity. A fourth and must be final allocation to short @ 1.3682 was too good to resist.

Israel dil 16:07 GMT January 24, 2011
EUR

Buy USDCHF
Entry: 0.9480 Target: Stop: 0.9430

PURK, good luck and I hope you make enough to satisfy yourself and your needs.

USD/CHF longs must good for something from here.

Cambridge Joe 16:05 GMT January 24, 2011
USDJPY
Reply   
Have entered a small long usdjpy @ 8248

Condolences to the family and friends of BOBL.

Amsterdam purk 16:04 GMT January 24, 2011
EUR

Dil, we might see another ralley belly... You trade according to your time scheme and money wallet. I am a daytrader and profit is profit. I like 10-20-30-40-50 pips. I do not have patience.

GVI Forex john 16:02 GMT January 24, 2011
GVI Forex Trading Support

CALENDAR
Entry: Target: Stop:

January 24 (global-view.com) UPCOMING DATA HIGHLIGHTS for Tuesday, January 25:

  • Far East: Australia Quarterly CPI, JP- BOJ Decision.
  • Europe: GB- GDP.
  • North America: CA- CPI, US- Case-Shiller. Conference Board Confidence Survey, 2-yr Auction.

Updated: Trading Events Calendar


to dr unken katt 16:01 GMT January 24, 2011
EUR



euro is outside of the tunnel

in order to short the price should go back inside i think

jkt-aye 15:59 GMT January 24, 2011
BOBL

RIP BOBL.

and a pray for friend of us, who fighting cancer.

Rexburg Stubbs 15:55 GMT January 24, 2011
EUR

I'm to say that there was a third and final slice of the pie added at 1.3677

Israel dil 15:53 GMT January 24, 2011
EUR

Purk, I will be shorting with you 1.3715-1.3735 for today. lower too risky for my style.

philadelphia caba 15:52 GMT January 24, 2011
BOBL

sad news, he'll be missed here

Rexburg Stubbs 15:49 GMT January 24, 2011
EUR

I'm to say added some more shorts at 1.3670 for an intra day gift.

hk ooozmeeh 15:49 GMT January 24, 2011
BOBL

Indeed he was a great help to this forum.
Prayers to his family and friends...

Amsterdam purk 15:48 GMT January 24, 2011
EUR

Short e/u at 13670 2 times. will trade around and add every 22 pips. 13692/13714/13736.

Amsterdam purk 15:46 GMT January 24, 2011
BOBL

I hate deseases, who does not?. I trust that the family will remember him for his good deeds.

HK Kevin 15:46 GMT January 24, 2011
BOBL

God bless BOBL! I have learnt a lots from his posts.

Lahore FM 15:45 GMT January 24, 2011
BOBL

Bobl will be certainly missed infact he was never forgotten.

R.I.P.

Rexburg Stubbs 15:45 GMT January 24, 2011
BOBL

RIP Dear Friend

Caribbean! Rafe... 15:45 GMT January 24, 2011
BOBL

GVI Forex Jay 15:36 GMT January 24, 2011

Jay// Please pass on my sincere condolences to anyone you know in his family. He was one of the forum elders that helped us when we were young in the FX world. I learned a lot by reading his posts and appreciated his presence here at all times that he chose to spare in posting tips for us to read.

Rexburg Stubbs 15:44 GMT January 24, 2011
EUR

I'm to say that I am short at 1.3666 for a short term intra day trade

Israel dil 15:43 GMT January 24, 2011
BOBL

RIP BOBL

GVI Forex Blog 15:43 GMT January 24, 2011 Reply   
EUR and CHF chased higher Euro sentiment continues to improve USD/CHF tests major support China to supply liquidity ahead of Chinese New Year?

Forex Market Commentary and Analysis (24 January 2011)

Lahore FM 15:38 GMT January 24, 2011
Trade Ideas

gbpchf long stops lowered to 1.5100.

Rexburg Stubbs 15:37 GMT January 24, 2011
EUR

I'm to say that a short term signal to short eur/USA @ 1.3654 might be good for a few pips.

Israel dil 15:36 GMT January 24, 2011
jpy

where is your idea for a stop?

above 1.39 or 1.42?

GVI Forex Jay 15:36 GMT January 24, 2011
BOBL
Reply   
I am sad to report that San Diego BOBL passed away on Oct 25. He battled an illness for many years that finally took a toll. Last we heard he had rallied and then lost contact. He was a good friend and we will miss him.

GVI Forex Jay 15:29 GMT January 24, 2011
Tech Talk

Expectations of a consolidation day were broken by the brief move to a new high. What hasn't changed is that 1.3650 remains pivotal as to whether focus is on 1.35 or 1.38. High was 1.3659.

GVI Forex Jay 15:24 GMT January 24, 2011
EUR

There was a hawkish "advsors" report on on euro interest rates + a large buy order. Details available on GVI Forex. If you want a look, send me an EMAIL

Richmond Hills 15:20 GMT January 24, 2011
EUR

Don't know but for sure NO EUR1.2777

Israel dil 15:14 GMT January 24, 2011
EUR

+1.37 today?

Cambridge Joe 15:10 GMT January 24, 2011
Elephant fable
Reply   
JP// Revdax does not insult the Elephant, he refers to a fable where a King asks 9 blind men to describe an Elephant.

Each of then only knows what he has understood.... and thinks he has a complete picture.

Each of them actually has an incomplete picture.....

Much like us really !

London SMS 15:06 GMT January 24, 2011
Bought Silver

added more @ 27.25

to dr unken katt 15:04 GMT January 24, 2011
EUR

The Euro pared the rally from the previous week and the single-currency may face increased headwinds going into the North American trade as European policy makers maintain a dovish outlook for future policy. The EUR/USD fell back from a high of 1.3629 and the exchange rate may continue to retrace the advance from earlier this month as the near-term rally appears to be coming to a halt. The reversal in the relative strength index reinforces a bearish outlook for the next 24 hours of trading as the two-week rally fails to push the oscillator above 70, and the euro-dollar may test the 50.0% Fibonacci retracement from the 2009 high to the 2010 low around 1.3500 for support as price action maintains the upward trend from the January low (1.2873).

Macau JJ 15:01 GMT January 24, 2011
EUR
Reply   
Already told you guys don't short EUR...majority are wrong

fukuoka Rana 14:56 GMT January 24, 2011
jpy

i bought usd$ almost after one month.....imean after long time playing short side i waited alot....

fukuoka Rana 14:53 GMT January 24, 2011
jpy
Reply   
Sell EURUSD
Entry: 1.365 Target: open Stop: later

sold eurusd and audusd after long time....target 200/500pips.....happy trade to all,

to dr unken katt 14:52 GMT January 24, 2011
What's the buzz?

why is euro goin up ?

Israel dil 14:50 GMT January 24, 2011
What's the buzz?

no news ct, the market keeps on doing the same as the last two weeks. all is normal, still :-)

ldn ct 14:48 GMT January 24, 2011
What's the buzz?

Is there any news out???????

GVI Forex john 14:40 GMT January 24, 2011
What's the buzz?

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

- Mixed start today with no strong themes early in NYC.
- Bitterly cold. One of the coldest days in years.
- EUR off its lows vs. the USD. Mixed on its major crosses. Earlier it had been weaker across the board on its crosses.
- No common theme in the commodity currencies. Gold, silver and crude are mixed.
- No obvious impact from bombing at Moscow's main domestic airport.
- U.S. sees 2, 5, and 7 year auctions this week. Also Fed decision is due on Wednesday.

Mtl JP 14:31 GMT January 24, 2011
What's the buzz?

there is no need to insult a noble animal like the elephant Revdax.
-
all is well: “Beijing will raise the minimum wage by 20.8% in 2011... increase to 1,160 yuan ($175) a month… take effect on Jan. 1… The city will also raise pension and unemployment benefits…” - bbrg Dec 28
-
IF I know my Chinese communist dirigists, it is my expert guess-estimate that street price-inflation runs ±40-45%

HK REVDAX 14:10 GMT January 24, 2011
What's the buzz?

JP//The Chinese economy is like an elephant, being guessed of how it looks by 9 blinds, as the old fable goes...

Lahore FM 13:51 GMT January 24, 2011
-- Trade Ideas --

Buy GBPCHF
Entry: 1.5250 Target: 1.57 Stop: 1.5150 for two

long added.

London SMS 13:50 GMT January 24, 2011
Bought Silver
Reply   
Buy OTHER
Entry: 27.40 Target: 30 Stop:

Entering for a long term.

Mtl JP 13:40 GMT January 24, 2011
What's the buzz?

lower cad would allow - make easier for - BoC to finally raise int rate which both the FinMin and Carney are crowing about.
-
with respect to China and emerging markets: post 0/Hu shindig:
SocGen crafts strategy for China hard-landing - telegraph

Société Générale fears China has lost control over its red-hot economy and risks lurching from boom to bust over the next year, with major ramifications for the rest of the world.
-
Personally I like sceptical and prudent money managers.

GVI Forex john 13:37 GMT January 24, 2011
Tech Talk

Interesting with 1.3500 an obvious psychological support that 1.3501 is the first support line based on the pivot point calculations

GVI Forex john 13:30 GMT January 24, 2011
Tech Talk

USD PIVOT POINTS
Entry: Target: Stop:

based on Friday ranges...

Pivots	EURUSD	USDJPY	USDCHF	GBPUSD	USDCAD	AUDUSD
Res 3	1.3853	83.48	0.9774	1.6209	1.0064	1.0009
Res 2	1.3740	83.28	0.9732	1.6113	1.0026	0.9964
Res 1	1.3677	82.93	0.9658	1.6060	0.9984	0.9932

Pivot	1.3564	82.73	0.9616	1.5964	0.9946	0.9887

Sup 1	1.3501	82.38	0.9542	1.5911	0.9904	0.9855
Sup 2	1.3388	82.18	0.9500	1.5815	0.9866	0.9810
Sup 3	1.3325	81.83	0.9426	1.5762	0.9824	0.9778

Israel dil 13:29 GMT January 24, 2011
China housing

HK REVDAX 13:24 GMT January 24, 2011

let's put in this way, don't bother and don't waste your time when it goes about topic I raise. save your typing.

HK REVDAX 13:29 GMT January 24, 2011
China housing

Israel dil 13:21 GMT//Then again, what makes u think the exercise of 'hip hop dancing and beer drinking' is that 'low'?
It is previleged for the FX traders who are on the right side of the mkt.

GVI Forex Jay 13:27 GMT January 24, 2011
Tech Talk

1.3550 (note the "50" level) proving pivotal.

HK REVDAX 13:24 GMT January 24, 2011
China housing

dil//I live in China and am in the position to give you an insight into the Chinese properties market. Yes, there are many empty apartments but these are deluxe apartments FULLY paid by people who for whatever reasons have that much cash. On the other hand, there is still a huge shortage of apartments for the common people due to rapid urbanization.

So here u r with the info? What r u going to do with it? Buy or sell? Perhaps flipping the coin will give you more confidence in making the decision than ur analysis.

Israel dil 13:21 GMT January 24, 2011
China housing

revdax, with full respect but it is not fair and right to categorize people as GV John, Mtl JP and many others in your low remark about the people sharing this forum. like every public place, you have all sorts of people and styles.

dc CB 13:19 GMT January 24, 2011
What's the buzz?

POMO today Fed will purchase $7-$9 bln worth of 2016/2017 maturities through its Permanent Open Market Operations. 10-11AM EST.

Yields jocking setting up for 3 auctions, starting tomorrow thru Thurs 2s,5s,7s....each day results 1PM est.

FMOC annc Wed.

Israel dil 13:19 GMT January 24, 2011
China housing

John, I do not trust it enough to go short Chinese building/property companies. nay you try to go after the story?

HK REVDAX 13:15 GMT January 24, 2011
China housing

dil//Go talk to an economics professor who specializes in the economic development of China, not some Hip Hop dancing and beer drinking FX traders who are millions of miles away from the information needed.

GVI Forex john 13:13 GMT January 24, 2011
What's the buzz?

JP- recent efforts by China to slow its economy have been felt adversely in the commodity currencies.

GVI Forex john 13:11 GMT January 24, 2011
China housing

dil- I do not have access to these statistics. Do you trust the author/publication?

Mtl JP 13:07 GMT January 24, 2011
What's the buzz?

john 13:02 - bad for commodity currencies CAD - do you mean negative as in usdcad UP ?

Israel dil 13:03 GMT January 24, 2011
China housing

revdax, John of GV taking part in conversation or John agrees with person about the numbers then we have a starting point. 3.5x of GDP is a number before the crash. if economics and history counts.

GVI Forex john 13:02 GMT January 24, 2011


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

Calendar: North America- No Major Data 

  • This remains a EUR market with the unit easier vs. USD and its crosses. 

  • A weaker EUR would be a change from its recent pattern.

  • January flash EZ PMIs were flat,  but Germany continues to outperform.

  • Inflation pressures and worries starting to surface. Lots of focus on $100 crude? . 

  • Chinese additional tightening speculation would be bad for commodity currencies (AUD, CAD, NZD).

  • No major U.S./Canadian data are slated for Monday.

 



Israel dil 13:00 GMT January 24, 2011
China housing

yes SMS, that number is shocking on away that such amount of empty houses is enough to house 200 million (3 per piece) Chinese and that's around 1/5 of China population when minorities excluded. then the 3.5x GDP number, if information confirmed by reliable GV person then you have the right trade for some time.

HK REVDAX 12:59 GMT January 24, 2011
China housing

dil//The person who can help u with your curiosity is not necessarily someone who is physically in or near China, but is someone versed in Chinese statistics. This person may be an economics professor at MIT, which is thousands of miles away from China.

London SMS 12:55 GMT January 24, 2011
China housing

Somebody posted a link on thios site last year showing whle cities empty of life. whether or not it's 60 million I couldn't say but doesn't sound unbeleiveable to me. Hardly anything does these days...unless one of my daughters said she didnt want any more shoes... now that would knock me for six!

GVI Forex Blog 12:54 GMT January 24, 2011 Reply   
The price action to start the week suggests the euro unwind seen over the past two weeks may have finally run its course. If true then it will take fresh euro buying (watch its crosses) at these higher levels to propel the trend further.

Tech Talk - EURUSD 1.35 Pivotal

kl fs 12:52 GMT January 24, 2011
Strange Feeling

i share the same sentiment with yours DS, usd to crash soon,
majority has been going long usd for some time now

London SMS 12:51 GMT January 24, 2011
Sell Cable


TP here @ 1.5935. Too much tied up and cuss'd cable could go anywhere though I suspect it will continue south if the market were logical....hah!

Left order to buy gold @ 1345. Think we've seen enough south side. Have also left order to sell DOW @ 12,000
--------------
Entry: 1.60 Target: 1.50 Stop: 1.6050

Adding to short @ 1.5940

Israel dil 12:39 GMT January 24, 2011
China housing

HK REVDAX 12:31 GMT

can be anyone, it is such amazing numbers that I hesitate to believe it. in case HK stands for Hong Kong then you may be the right person to verify it.

HK REVDAX 12:31 GMT January 24, 2011
China housing

Dil//Who do you think in this forum has sources more authentic than the ones you read?

BERN DS 12:29 GMT January 24, 2011
Strange Feeling
Reply   
This might be strange to a lot of short term traders... but I am just finding out, that about everybody is thinking that EURUSD has run its course or is already short this morning. People , who know me, they know what I think about such... the market is NOT going, where the majority sits... the big surprise this early part of the year will be an exploding eur rate... I would change my opinion on a break of 13445... but 14000 could be seen very quick and then the fun will start... also keep in mind that by now over 80 pct of short termers are short AUDUSD... worries me... USD to collapse ! ... hope I did not aggresse anybody with my comment... take what it is worth for you... have been wrong very many times in my career.... have fun and thanks that you help me building my ideas ! REAL Great forum..

GVI Forex Jay 12:08 GMT January 24, 2011
Tech Talk
Reply   
12:00 GMT (Global-View.com) January 24 - The price action to start the week suggests the euro unwind seen over the past two weeks may have finally run its course. If true then it will take fresh euro buying (watch its crosses) at these higher levels to propel the trend further. On the upside, as noted late Friday, 1.3650 is pivotal as to whether the market makes a run at 1.38 or the focus shifts to 1.35. So far, it is the latter. The intra-day high was 1.3648.

The sharp move up, meanwhile, has left little in the way of obvious support levels to focus on. This suggests 1.35 will be pivotal going forwards (S1 = 1.3501) although the “50” level (1.3550) intra-day will be important in keeping a bid. Below it would put 1.35 on the radar.

To put the price action in perspective, using 1.2875-1.3642, first retracement is below 1.35.

1.3466 = 23.6%
1.3353 = 38.2%
1.3262 = 50%
1.3170 = 61.8%

London Misha 12:00 GMT January 24, 2011
Observations
Reply   
EURUSD - Closing White Marubozo on Daily Chart.
USDJPY - Doji on Weekly Chart. Possible Tweezer Top on Daily Chart.
GBPUSD - Now a big Bullish Engulfing Pattern following a big Bearish Engulfing Pattern on Daily Chart.
USDCHF - Possible Two Day Reversal Down on Daily Chart.
EURGBP - Four White Soldiers & a second close over the Long MA on the Daily Chart.
EURJPY - Follow on from the Key Reversal Up on Daily Chart. First lose over the Long MA.
USDCAD - Bearish Engulfing Pattern on the Daily Chart. Key Reversal Up (just) on the Weekly Chart.
AUDUSD - Possible Daily Tweezer Bottom. Possible Weekly Shooting Star/Bearish Doji.

GVI Forex Blog 11:59 GMT January 24, 2011 Reply   
Dollar-Swiss is continuing to remain bearish

FX Thoughts for the day : 24-Jan--2011 - 1156 GMT

GVI Forex Blog 11:33 GMT January 24, 2011 Reply   
The euro backed off a two-month high against the dollar on Monday after an early burst of buying ran out of steam, while political turmoil in Ireland highlighted uncertainties facing heavily indebted euro zone countries

FOREX NEWS - Euro off 2-mth high vs dollar, Ireland in focus

Saar KaL 11:33 GMT January 24, 2011
KaL's Trend and Level

short oil here till 87.2
then long till 90

Israel dil 11:11 GMT January 24, 2011
China housing

how it is possible to verify the information about the Chinese real estate market as shown in my previous post?

TIA

Saar KaL 11:05 GMT January 24, 2011
KaL's Trend and Level

for a few hrs
will short eurusd at 1.3587
possible 1.3515 tgt

GVI Forex Blog 11:04 GMT January 24, 2011 Reply   
The USD staged a mild rebound from recent 2-month lows against the European currencies. Dealers noted that weekend comments from Trichet on inflation sparked stops in Asia. European dealers noted that there was nothing new in the ECB comments as it reflected the recent press conference.

TradeTheNews.com European Market Update:

Saar KaL 10:58 GMT January 24, 2011
KaL's Trend and Level

for us session eurusd
high= 1.3654
low= 1.3365

Saar KaL 10:47 GMT January 24, 2011
KaL's Trend and Level

if you do trade eurusd
I suggest shorting till 1.28

Saar KaL 10:38 GMT January 24, 2011
KaL's Trend and Level

took profit
now long gbpusd
will short it at 1.5983

GVI Forex Blog 10:36 GMT January 24, 2011 Reply   
International bond yields rose further last week as firmer growth signals from the US, China and Germany and inflation signs in the UK added to fears of policy tightening. This week provides key releases for markets to digest.

ECONOMIC DATA ANALYSIS - Focus turns to growth

Vancouver 10:36 GMT January 24, 2011
KaL's Trend and Level

74?

GVI Forex Blog 10:34 GMT January 24, 2011 Reply   
11:00 GMT (Global-View.com) January 24- This has been a EUR market for the past week or so with the EURUSD and EUR crosses leading trade. Apparently, investors bought a record EUR 8bln last

Daily GVI Forex Forex View- EUR Focus?

Saar KaL 10:34 GMT January 24, 2011
KaL's Trend and Level

Out short EURUSD
Long GBPJPY
tgt 132.24

Israel dil 10:31 GMT January 24, 2011
China housing
Reply   
reading articles from some sources and they claim the following:

- 64 millions houses/apartments stand empty in China?
- is China housing market valued at more than 3.5x the GDP?


the numbers are so extreme and near the unbelievable, is there any truth in the numbers?

GVI Forex john 10:30 GMT January 24, 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 10:04 GMT January 24, 2011
GVI Forex Trading Support

EZ Industrial Orders strong but the data are already quite old. On balance they should be EUR constructive.

Gen dk 10:03 GMT January 24, 2011 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

GVI Forex john 10:02 GMT January 24, 2011
GVI Forex Trading Support

ALERT
Entry: Target: Stop:

-- ALERT --

EZ- November New Industrial Orders
+2.1% m/m vs. +2.0% est.
+19.9% y/y vs. 17.1% est.


Saar KaL 09:56 GMT January 24, 2011
KaL's Trend and Level

Short EURUSD at 74

Syd 09:28 GMT January 24, 2011
MPC members must stop up their ears: even a small rate rise could be fatal
Reply   
Last week saw yet another horrific inflation figure and further rises are still to come. CPI inflation looks set to push through 4pc.
MPC members must stop up their ears: even a small rate rise could be fatal

same goes for Australia

High inflation and a falling make it tougher for Britain to sell gilts, which we're about to do in near-record quantities.
Our currency has gone West and stagflation will soon be upon us

GVI Forex john 09:25 GMT January 24, 2011
GVI Forex Trading Support

FWIW Flash EZ PMI data are usually very close to the final data due in just over a week.

GVI Forex john 09:19 GMT January 24, 2011
GVI Forex Trading Support



Chart Flash Services PMI only barely better

van Gecko 09:19 GMT January 24, 2011
EURUSD~>1.26~>1.18->1

a month into the new year & M/T players are handed another mega serving of EURO+EURGBP+GBP RAW meat (Reverse Acrophobic Whiplash) on the FX cook top..
vely good risk adjusted M/T SOB levels here for the Trio's "2011 Merry Go South Race"..



Syd 09:18 GMT January 24, 2011
Appeasement is the proper policy towards Confucian China
Reply   
We all learned at school how the status quo powers mismanaged the spectacular rise of Germany before World War I, a strategic revolution so like the rise of China today.
http://www.telegraph.co.uk/finance/comment/ ambroseevans_pritchard/8277143/Appeasement-is-the-proper-policy-towards-Confucian-China.html

State's credibility rests on passage of Finance Bill
THE country will face significant legal problems and international cred-ibility issues if the crucial Finance Bill does not pass.
http://www.independent.ie/national-news/states-credibility-rests-on-passage-of-finance-bill-2508072.html

GVI Forex john 09:18 GMT January 24, 2011
GVI Forex Trading Support



ECONOMIC DATA CHART
Entry: Target: Stop:

Chart Mfg PMI flattening out?

GVI Forex john 09:09 GMT January 24, 2011
GVI Forex Trading Support

ALERT
Entry: Target: Stop:

-- ALERT --

EZ- Flash January PMI
Manufacturing 56.9 vs. 57.0 exp
Services 55.2 vs. 55.6 est



Lahore FM 09:08 GMT January 24, 2011
-- Trade Ideas --

earlier premise playing itself out okay.

gbpchf is also a good trade from long side..i am long.

Macau JJ 07:52 GMT January 24, 2011
euro/usb

I will buy since too many people shorting EUR, mostly majority are wrong

Vancouver 07:45 GMT January 24, 2011
euro/usb
Reply   
EURUSD
Entry: Target: Stop:

any ideas whether to buy or sell

GVI Forex Blog 06:27 GMT January 24, 2011 Reply   
TradeTheNews.com Asian Market Update: AUD slumps on 1-year low Q4 PPI; Gold regains $1,350 on positioning reshuffle, Strong demand from China propels Wheat to 5-month high

TradeTheNews.com Asian Market Update: AUD slumps on 1-year low Q4 PPI; Gold regains $1,350 on positioning reshuffle

Hillegom Purk 06:24 GMT January 24, 2011
eurusd

Hillegom Purk 21:33 GMT January 21, 2011
eurusd : Reply
Dil, the 13622 and 13612 thingy are closed. But keeping the 13595

____________________________________
Also the 13595 are closed at 13590 during the night.
Friday again turned out not to be a daytraders delight. Pips are pips.
Will try again later.

Syd 06:14 GMT January 24, 2011
French Fin Min: G20 Plans Don't Aim For Weaker Dollar
Reply   
French plans to kickstart an overhaul of the international monetary system during its presidency of the Group of 20 leading nations aren't designed to weaken the dollar, Finance Minister Christine Lagarde told CNBC

dc CB 05:58 GMT January 24, 2011
Unbelieveable
Reply   
Mortgage Giants Leave Legal Bills to the Taxpayers
By GRETCHEN MORGENSON
Published: January 24, 2011

Since the government took over Fannie Mae and Freddie Mac, taxpayers have spent more than $160 million defending the mortgage finance companies and their former top executives in civil lawsuits accusing them of fraud. The cost was a closely guarded secret until last week, when the companies and their regulator produced an accounting at the request of Congress.
The bulk of those expenditures — $132 million — went to defend Fannie Mae and its officials in various securities suits and government investigations into accounting irregularities that occurred years before the subprime lending crisis erupted. The legal payments show no sign of abating.

http://www.nytimes.com/2011/01/24/business/24fees.html?ref=business

fukuoka Rana 05:46 GMT January 24, 2011
jpy
Reply   
Sell EURUSD
Entry: 1.363pending Target: open Stop: later

leaving orders...............happy day,

Syd 04:59 GMT January 24, 2011
Euro
Reply   
Up to 300,000 homeowners in negative equity
Further 30,000 will struggle with mortgage payments after Budget tax increases kick in
LINK

Las Vegas Jonn C. Holmes 04:37 GMT January 24, 2011
**SILVER ALERT**

You alert us about silver. I alert you about your re possesed home on wheels in the Nevada desert.

Rexburg Stubbs 04:24 GMT January 24, 2011
**SILVER ALERT**



I'm to say SILVER alpha expansion

Syd 04:10 GMT January 24, 2011
Europe profiting from our misery -- ex-NTMA boss
Reply   
http://www.independent.ie/national-news/europe-profiting-from-our-misery-exntma-boss-2507485.html

GVI Forex Blog 03:58 GMT January 24, 2011 Reply   
The Dow (11871.84, +49.04) had risen on Friday, continuing its relentless climb higher and is close to our target of 12000 now

Morning Briefing : 24-Jan-2011 -0336 GMT

Syd 03:55 GMT January 24, 2011
Buying China Stocks Often Has 'Worse Odds Than Gambling'
Reply   
http://www.cnbc.com/id/41187853

Syd 02:48 GMT January 24, 2011
flooding that wrecked large areas of Queensland have grown to the region of A$20 billion
Reply   
Australian insurers have received 1.2 billion Australian dollars (US$1.1 billion) worth of claims from flooding in Queensland state, the Insurance Council of Australia said Monday. Estimates for the total cost of damage and lost revenue from the flooding that wrecked large areas of Queensland have grown to the region of A$20 billion

Syd 02:33 GMT January 24, 2011
Treasurer Swan warns of floods' king-hit to economy
Reply   
Treasurer Swan warns of floods' king-hit to economy
http://www.heraldsun.com.au/news/treasurer-swan-warns-of-floods-king-hit-to-economy/story-fn7j19iv-1225993478178

Hong Kong Qindex 01:55 GMT January 24, 2011
EUR/CHF : Current Comments
Reply   
EURCHF
Entry: Target: Stop:

EUR/CHF : As shown in the monthly cycle directional indicator the market momentum is strong when it is able to trade above 1.3271.


Monthly Cycle Directional Indicator : [1.1955] - 1.2597 - 1.2771 - [1.2817]- [1.2851] - 1.2879 - 1.2985 - 1.2995 - 1.3015 - 1.3031 - 1.3037 - 1.3271


If the upward trending momentum is strong enough to overcome the resistant point at 1.3492 a warming signal for an upward trending market will be hoisted in my system.


Monthly Cycle Reference / Normal Upper Limits : 1.3402 - 1.3491 - 1.3492 - 1.3643 - [1.3721] - 1.3858 - [1.3925] - 1.3984 - 1.4058 - 1.4115 - [1.4158] - 1.4561


EUR/CHF : Monthly Cycle Charts
http://www.qindex.com/eur-chf.html

London SFH 01:53 GMT January 24, 2011
jpy

Yes,I lived in Tokyofor 4 year..went all over ..went to Fukuoka a few times..loved the hot springs in Beppu-enjoy!

fukuoka rana rashid 01:46 GMT January 24, 2011
jpy

London SFH 01:42 dear friend,yes near.............. oita ken is next to fukuoka......u been to japan?iwas traveling so i cud not check post since thursdy.....happy day,

Hong Kong Qindex 01:45 GMT January 24, 2011
EUR/CAD : Current Comments
Reply   
EURCAD
Entry: Target: Stop:

EUR/CAD : The current expected trading range from the monthly cycle charts is 1.3356 - 1.3947. As shown in the monthly cycle directional indicator the odds are in favor of maintaining a long position when the market is trading above 1.3652.


Monthly Cycle Directional Indicator : [1.2230] - 1.2284 - [1.2681] -[1.3000] - 1.3197 - 1.3314 - 1.3484 - 1.3508 - 1.3509 - 1.3623 -1.3630 - 1.3652


EUR/CAD : Monthly Cycle Charts
http://www.qindex.com/eur-cad.html

London SFH 01:42 GMT January 24, 2011
jpy


I have fond memories of Beppo..are you near there?

fukuoka rana rashid 01:37 GMT January 24, 2011
jpy
Reply   
Buy AUDUSD
Entry: 0.985 Target: open Stop: later

hello to everyone,thursday minus 50pips thn again long...eurusd long closed 230pips.....happy day,

Hong Kong Qindex 01:33 GMT January 24, 2011
EUR/AUD : Current Comments
Reply   
EURAUD
Entry: Target: Stop:

EUR/AUD : The weekly cycle pivot centers are located at 1.3762 - 1.3964 and 1.4071. It is likely that the market will consolidate in the range 1.3762 - 1.4071 within the next 48 hours. As shown in the monthly cycle charts the odds are in favor of buy on dips when the market is trading above 1.3489.


Monthly Cycle Directional Indicator : [1.2464] - 1.3296 - 1.3303 - 1.3340 - 1.3500 - 1.3502 - 1.3762 - 1.3964 -[1.3980] - 1.3987 - [1.4023]- 1.4071


EUR/AUD : Monthly Cycle Charts
http://www.qindex.com/eur-aud.html

Rexburg Stubbs 01:08 GMT January 24, 2011
**SILVER ALERT**



SILVER alpha

Mtl JP 01:04 GMT January 24, 2011
Bank of Canada chief warns

dc CB - one can do like the boyfriend why stapled his girlfriend's t!ts together: can't lick 'em: join 'em.
buy visa / m/card/ x_bank stock
who does not LOVE 100++ % profit bandwaggons ?
btw... been looking at some of the new fees on bank debit cards: interesting -one can expect new giant fee-generated profits.

Rexburg Stubbs 01:03 GMT January 24, 2011
**SILVER ALERT**

I'm to say BIG alpha play hard at work.

Syd 01:02 GMT January 24, 2011
Aussie 4Q PPI Poses Risk Of CPI Undershoot - NAB
Reply   
Australian 4Q PPI shows there is some downside risk to CPI for the same period, with the data due out on Tuesday. David de Garis, senior economist at NAB says there is now higher risk that the CPI will show a rise of 0.5% for the quarter, well below NAB's official forecast of 0.8%, the latter being based on the bank's econometric forecasting model. He notes strong deflationary forces are coming from the stronger AUD. he adds, there is general concern about consumer demand at the moment, so the inflation scare now running through Australian markets may prove overdone.

Syd 00:51 GMT January 24, 2011
Australian 4Q PPI Eases Threat Of Inflation Spike
Reply   
Australian PPI rises a mere 0.1% in 4Q versus 3Q, falling well short of the expected +0.7% rise. The data will ease concerns about growth in price pressures at a time when inflation concerns have returned to center stage. The Australia dollar falls one-third of a U.S. cent as markets mark down chances of a near-term increase in interest rates.

to dr unken katt 00:51 GMT January 24, 2011
Thousands march at Belgian unity rally

Bert Flossbach, an asset manager in Cologne, can reproduce the sound made by a phenomenon like inflation. He takes two coins out of his pocket and drops them.


One is a Krugerrand gold coin from South Africa. When it strikes the table, it makes a sound suggesting fullness, substance and real value. The other is a Russian kopeck, a coin so light that it seems to almost glide down to the table. "That's the sound of inflation," says Flossbach.

Flossbach is convinced that the euro will also degenerate into a soft currency. The enormous debts facing some euro-zone governments, he says, make it inevitable. Flossbach expects galloping, double-digit inflation -- and not in five or 10 years, but soon. The only missing ingredient, he says, is a trigger, a dramatic event that will put an "avalanche-like process" in motion.

Syd 00:30 GMT January 24, 2011
Australia 4Q Final PPI +0.1% On Qtr; Consensus +0.7%
Reply   
Australia 4Q Final PPI +0.1% On Qtr; Consensus +0.7%
Australia 4Q Final PPI +2.7% On Yr; Consensus +3.3%

Lahore FM 00:16 GMT January 24, 2011
-- Trade Ideas --


Entry: correction* Target: Stop:

run* on anything like

Lahore FM 00:15 GMT January 24, 2011
-- Trade Ideas --

FS its a matter of the "beholder" i guess.


in my limited english skills i always thought un on anything like a currency or a bank is against that bank or currency.

i meant to say that usdjpy usdcad and usdchf may show that usd is not going to lose more ground. but of course i am open to what the market can show and will show.its me who would have to change to benefit from the market.

Syd 00:09 GMT January 24, 2011
Thousands march at Belgian unity rally
Reply   
BRUSSELS (AP) -- Tens of thousands of protesters marched through the Belgian capital Sunday in support of national unity and to demand that the rival political groupings finally form a coalition after seven months without a government.
Police said between 20,000 and 30,000 people took part in the demonstration called by a group of university students who say they're fed up with the political deadlock.
http://ap.stripes.com/dynamic/stories/E/EU_BELGIUM_UNITY_RALLY?SITE=DCSAS&SECTION=HOME&TEMPLATE=DEFAULT

kl fs 00:04 GMT January 24, 2011
-- Trade Ideas --

FM, to the best of my knowledge, DX is not indicating any run on usd, rather we are heading down to 76 in coming days and weeks
usd is a sell not a buy
as you mentioned clearly, all the weak links will reveal the trade again and again, cheers

dc CB 00:02 GMT January 24, 2011
Bank of Canada chief warns

JP...Low interest rates suck life money out of prudent savers like me; I can hardly wait for the "more normal level" of interest rates. Qtn Carney dint answer is what implies by that. Currently $100,000 will yield, before taxes between 1500 and 3000 bux.

went for groceries today, and the SunTrustBank branch in the super mart had a whiteboard offering a GREAT CREDIT CARD RATE of 10+%. So how is this not loan sharking, using my deposits. The Mob has nothing on these guys...cause these guys are Legit.

"some rob you with a sixgun, some with a fountian pen" B.Dylan

 




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