Rexburg Stubbs 23:45 GMT January 25, 2011
EUR
I'm to say thank you Mr Purk. You are one of the few here who get it.
Ok- EUR looking to fall down for Wed trade. No need to sell rallie. Just sell.
HK [email protected] 22:06 GMT January 25, 2011
Mohamed ElBaradei on Democracy in Egypt
That matter of democracy in Arabic countries, was no else idea than that of president Bush.
He was well mocked by many, but maybe his ideas found ground in those countries.
Now Bush will become a star.
dc CB 21:56 GMT January 25, 2011
Insurance Companies Sue Bank Of America Over "Massive Mortgage Fraud"
another one. this time AMBAC v JPMorgan/Bear Stearns
"
Former Bear Stearns mortgage executives who now run mortgage divisions of Goldman Sachs, Bank of America, and Ally Financial have been accused of cheating and defrauding investors through the mortgage securities they created and sold while at Bear. According to e-mails and internal audits, JPMorgan had known about this fraud since the spring of 2008, but hid it from the public eye through legal maneuvering. Last week a lawsuit filed in 2008 by mortgage insurer Ambac Assurance Corp against Bear Stearns and JPMorgan was unsealed. The lawsuit's supporting e-mails, going back as far as 2005, highlight Bear traders telling their superiors they were selling investors like Ambac a "sack of censored."
http://www.theatlantic.com/business/archive/2011/01/e-mails-suggest-bear-stearns-cheated-clients-out-of-billions/70128/
GVI Forex john 21:53 GMT January 25, 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 21:41 GMT January 25, 2011
GVI Forex Trading Support
UPDATED. Global-View Free FX Database. High-Low-Close data for over a dozen currency pairs for well over a decade of data in Excel spreadsheet format.
GVI Forex john 21:39 GMT January 25, 2011
GVI Forex Trading Support
USD PIVOT POINTS
Entry: Target: Stop:
Pivots EURUSD USDJPY USDCHF GBPUSD USDCAD AUDUSD
Res 3 1.3863 83.29 0.9612 1.6235 1.0110 1.0113
Res 2 1.3783 82.97 0.9567 1.6126 1.0057 1.0054
Res 1 1.3733 82.62 0.9495 1.5971 1.0016 1.0008
Pivot 1.3653 82.30 0.9450 1.5862 0.9963 0.9949
Sup 1 1.3603 81.95 0.9378 1.5707 0.9922 0.9903
Sup 2 1.3523 81.63 0.9333 1.5598 0.9869 0.9844
Sup 3 1.3473 81.28 0.9261 1.5443 0.9828 0.9798
GVI Forex john 21:36 GMT January 25, 2011
GVI Forex Trading Support
USD MOVING AVERAGES
Entry: Target: Stop:
Latest EURUSD USDJPY USDCHF GBPUSD USDCAD AUDUSD
Last 1.3683 82.26 0.9422 1.5816 0.9975 0.9962
High 1.3703 82.66 0.9523 1.6017 1.0004 0.9995
Low 1.3573 81.99 0.9406 1.5753 0.9910 0.9890
Change 0.0042 -0.25 -0.0068 -0.0178 0.0029 -0.0014
MVA EURUSD USDJPY USDCHF GBPUSD USDCAD AUDUSD
5 day 1.3575 82.48 0.9544 1.5941 0.9959 0.9940
10 day 1.3440 82.64 0.9597 1.5901 0.9924 0.9942
20 day 1.3299 82.50 0.9562 1.5711 0.9939 0.9994
50 day 1.3277 83.08 0.9694 1.5680 1.0043 0.9923
100 day 1.3466 82.87 0.9746 1.5760 1.0118 0.9835
200 day 1.3072 85.93 1.0285 1.5446 1.0251 0.9322
TREND EURUSD USDJPY USDCHF GBPUSD USDCAD AUDUSD
BIAS Up Down Down Up Up Down
Syd 21:28 GMT January 25, 2011
Mohamed ElBaradei on Democracy in Egypt
Reply
After the revolution in Tunisia, observers are wondering if governments in other North African states could also fall. In a SPIEGEL interview, Egyptian Nobel Peace Prize laureate Mohamed ElBaradei talks about the consequences for the regime in Cairo and his hope that Egyptians can copy the Tunisians' example.
http://www.spiegel.de/international/world/0,1518,741322,00.html
Livingston nh 21:25 GMT January 25, 2011
Arab Rulers Fear Spread of Democracy Fever
Trying to set oneself on fire and failing in the attempt should tell you something about the likelihood of a successful revolution - competence to task is critical
Syd 21:23 GMT January 25, 2011
Arab Rulers Fear Spread of Democracy Fever
Reply
A man attempts to set himself on fire in Cairo: The self-immolation that set off the protests that toppled Tunisia's leader has inspired copycats in other North African states.
Libyan leader Moammar Gadhafi and Israeli Vice Prime Minister Silvan Shalom don't have all that much in common, but they do share one thing: Neither thinks much of the revolution in Tunisia.
http://www.spiegel.de/international/world/0,1518,741545,00.ht
ml#ref=nlint
GVI Forex Blog 21:19 GMT January 25, 2011
Reply
EUR/USD (a daily chart of which is shown) as of Tuesday (1/25/2011) has slightly furthered its upside momentum that has been in place for the last two weeks.
EUR/USD Bullishness Continues
la la 21:04 GMT January 25, 2011
EURUSD
Not a whimper after the eurusd ran those stops. Fighting this trend has been a painful experience.
GVI Forex Blog 20:54 GMT January 25, 2011
Reply
AUD/USD and NZD/USD outlook next 24 hours: Nothing on the cards for AUD due to the Australia Day holiday, while the main risk for NZD is a strongly dovish statement from the RBNZ tomorrow morning, which could unwind the most recent NZD/AUD gains. Beyond these factors, it's likely that both currencies will continue to chase the EUR, and despite the muted initial response, the extent of market support for the EFSF is a positive sign for the common currency.
Forex - Morning Report (Westpac)
dc CB 20:51 GMT January 25, 2011
POMO
bravo
plus looking like enough left over to goose stocks to a positive close....if not on cash, then a futures run up after.
can't have any "bad new" hanging over O's SOTU speach tonite.
POMO cartoon
http://www.xtranormal.com/watch/8290042/
jerusalem kb 20:40 GMT January 25, 2011
eurusd
Reply
Sell EURUSD
Entry: 1.3780 Target: 1.3690-1.3535 Stop: 1.3830
first sell order
jerusalem kb 20:26 GMT January 25, 2011
GBPUSD
Buy GBPUSD
Entry: 1.5770 Target: 1.5965/1.6025 Stop: 1.5700
PLACED A BUY PENDING ORDER
--------------------------------------
CLOSED HALF WITH 55PIPS+ AND NOW STOP AT 1.5740
jerusalem kb 18:49 GMT January 25, 2011
cadjpy
kb is that short cad long jpy
---------------------------------------
Rs i meant if we have a daily close below this trend line we may have a short trade setup on cadjpy and i will wait for entry on smaller time .
i don`t know which pair will react on this trade usdjpy or usdcad
Balt rs 18:42 GMT January 25, 2011
cadjpy
kb is that short cad long jpy?
jerusalem kb 18:38 GMT January 25, 2011
cadjpy
Reply
OTHER
Entry: Target: Stop:
a daily close below trend line may give us another opportunity to go short again .
the att. indicator is usd index
jerusalem kb 18:24 GMT January 25, 2011
usdcad
Buy USDCAD
Entry: 1.0020 Target: 1.0095-1.0175 Stop: 0.9960
Buy USDCAD
Entry: 0.9940 Target: 1.000-open Stop: 0.9890
---------------------------------------------]
my sl on the first order is still save and target is open target and stop will move to entry only if the price breaks above 1.0020
jerusalem kb 18:14 GMT January 25, 2011
sell gold
thanks Purk
jerusalem kb 18:13 GMT January 25, 2011
EURCHF
Reply
Sell EURCHF
Entry: 1.2810 Target: 1.2690-1.2590 Stop: 1.2925
placed a sell stop
Hillegom Purk 18:12 GMT January 25, 2011
sell gold
very good show KB!
jerusalem kb 18:09 GMT January 25, 2011
sell gold
Sell Gold
Entry: 1375 Target: 1365-1330 Stop: 1383
hit first target
----------------------------------------------
now sl at 1378.
may be i will have another order later
-----------------------------------------------
closed 1/3 with 330pips+ holding rest with stop at entry for open target
dc CB 17:31 GMT January 25, 2011
POMO
after that Malox moment earlier. POMO pommade...like that old commercial jingle...."a little dab will do ya"
up next stellar 2y auction results...a shooooooinnnnn. thanks to the "signal" sent by the POMO guys buying back the last auctioned 5y.....guess what my puppies....all auctions good this week...IF NOT look out kids.
Lahore FM 17:22 GMT January 25, 2011
-- Trade Ideas --
Sell EURUSD
Entry: 1.3651 Target: Stop: 1.3667 bid
sold afresh.
GVI Forex Jay 17:19 GMT January 25, 2011
EURUSD
This is what happened today:
LHS (sell) order at ECB fix (13:15 GMT)
RHS (buy) order at Ldn fix (16:00 GMT)
Market reversed in both cases once the order was done.
to dr unken katt 17:01 GMT January 25, 2011
EURUSD
take the pill and step out on the ledge
1000 pips , what a schmack
Chicago sc 16:31 GMT January 25, 2011
What's the buzz?
Looks like a succession of stop hunts today. Fine if you are fast on you feet. Otherwise...
Israel dil 16:26 GMT January 25, 2011
EUR
if 13650 not taken the next 20mins then we get 13550 test in less then 120mins. let's see :-)
dc CB 16:25 GMT January 25, 2011
POMO
Today, the Fed's openly fraudulent operations desk will buy back $6-8 billion of bonds maturing between 01/31/2015 – 06/30/2016 starting at 10:15 am Eastern. Below we present a table showing the 10 cheapest CUSIPs that the Fed SHOULD be buying, considering that it should be monetizing, as it is supposed to, the best bang for the buck bonds.
Note that nowehere in the list is CUSIP 912828PM6 due 12/31/2015 or the last 5 Year auctioned off, which is in fact one of the bonds trading richest relative to the entire spline.
And here is the result. Note the red CUSIP, which was 71.1% of total!
http://www.zerohedge.com/article/pomo-results-pm6-all-way-711-total
Amsterdam purk 16:21 GMT January 25, 2011
EUR
See what a little hesitation can do. no pips today. Good show stubbs.
GVI Forex john 16:20 GMT January 25, 2011
GVI Forex Trading Support
CALENDAR
Entry: Target: Stop:
January 25 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, January 26:
- Far East: Australia- Holiday. NZ (Thu) RBNZ Decision
- Europe: GB- BOE Minutes.
- North America: US- Weekly Mortgages, New Homes Sales, Weekly Crude Inventories, 5-yr Auction, Fed Policy decision
.
Updated: Trading Events Calendar
ldn ct 16:19 GMT January 25, 2011
EUR
Was there any news out?
Richland QC Mailman 16:18 GMT January 25, 2011
Pound - Un-Sterling
Market has caught long positions by surprise. In fact there is an inverted H&S which failed. tsk tsk tsk dangerous if somebody traded this without stops.
fukuoka Rana 16:18 GMT January 25, 2011
EURUSD
ithink watch now free fall.....sorry iwas made 1000pips long side since 1.288.....happy trade all,
kl fs 16:18 GMT January 25, 2011
sell usdchf
Reply
usdchf never lied, trend is down for usd
GVI Forex Blog 16:16 GMT January 25, 2011
Reply
The euro trading was more of a sideshow in FX trading this morning after the disappointing UK GDP data. Nonetheless dealers did note chatter of a DNT option in EUR/USD pair with mid-April expiration
TradeTheNews.com US Market Update
Lahore FM 16:16 GMT January 25, 2011
-- Trade Ideas --
Entry: correction* Target: Stop:
at 1.3630* now.
Lahore FM 16:15 GMT January 25, 2011
-- Trade Ideas --
Sell EURUSD
Entry: 1.3667 Target: Stop: 1.3667 for 1/2
1.3667 sell closed in half at 1.2630 now.
Houston et 16:15 GMT January 25, 2011
Pound - Un-Sterling
Cable was giving signals though - Kept failing above 1.6000 for 5 start days - never closed once above 1.6000 on the Dailies - however had rising bottoms suggesting a likely upmove which never came and caught the market long.
Richland QC Mailman 16:11 GMT January 25, 2011
EUR
It could be a matter of time before the white flag is hoisted by euro bears at that level.
dc CB 16:10 GMT January 25, 2011
POMO
Permanent Open Market Operations: The Fed purchased $7.72 bln of 2015/2016 maturities through Permanent Open Market Operations as dealers looked to put back $27.97 bln.
There is no POMO tomorrow.
Houston et 16:09 GMT January 25, 2011
Pound - Un-Sterling
Reply
Pound really got a schlacking today - a whopping 324 point slide against the Swissy today (hi to lo).
I guess the Brits have to shell out more of their "Sterling" for the same services at Davos
Houston et 16:05 GMT January 25, 2011
EUR
Eur/Usd failing above 1.3680 for the 4th time in last 24 hours.
nyc ws 16:02 GMT January 25, 2011
EUR
Somone is standing in front of 1.3685
Lahore FM 16:01 GMT January 25, 2011
-- Trade Ideas --
its MAs Dil and they are properietary i don't share them.
Amsterdam purk 15:58 GMT January 25, 2011
EUR
Good afternoon. Waiting to short e/u again. 137+ is on the radar. Watch out for callers way above the 137.
Maybe i better long now eh?
Israel dil 15:56 GMT January 25, 2011
-- Trade Ideas --
Lahore FM
then it must be with MACD, which MACD values had the chart generated the short signal? TIA
Rexburg Stubbs 15:56 GMT January 25, 2011
EUR
I'm to say- **Correction*** the short is at 1.3682
Lahore FM 15:54 GMT January 25, 2011
-- Trade Ideas --
a 15 minute chart dil.
its uses heavier studies so can be thought as 30 minute.a scalp originally which can more than scalp.
Rexburg Stubbs 15:54 GMT January 25, 2011
EUR
I'm to say short @ 1.382 for short term
LA 15:52 GMT January 25, 2011
EURUSD
HK [email protected] 15:51 GMT January 25, 2011
You are Navy call girl?
Chicago sc 15:51 GMT January 25, 2011
What's the buzz?
Dil and ex
Excellent calls...
HK [email protected] 15:51 GMT January 25, 2011
EURUSD
That is indeed my rest and recreation place where at least I don't meet drunk American navies around me :)
Tokyo Rana 15:50 GMT January 25, 2011
EURUSD
Sell EURUSD
Entry: 1.365avg Target: 1.3333 Stop: later maybe add
Dear RF,im still short eurusd and audusd and ithink no problem....iwas from 1.29 730pips made.....happy day,
Israel dil 15:50 GMT January 25, 2011
-- Trade Ideas --
Lahore FM, if I may ask, which chart time frame generated for you the signal to go short EUR/USD. good trades to you and TIA
LA 15:48 GMT January 25, 2011
EURUSD
HK [email protected] 15:46 GMT January 25, 2011
Maybe you can change your ways and enter the temple of doom.
Lahore FM 15:47 GMT January 25, 2011
-- Trade Ideas --
Buy USDJPY
Entry: 82.46 Target: Stop: 82.30
bought here.
HK [email protected] 15:46 GMT January 25, 2011
EURUSD
Even RANA managed to make a change of mind, one of which is stopping harping the same useless mantra.
Maybe he entered a Zen temple in Japan and got some quarts of Satori.
Satori= Reverse of Disregarding the obvious
Lahore FM 15:43 GMT January 25, 2011
-- Trade Ideas --
Sell EURUSD
Entry: 1.3667 Target: Stop: 1.3692 bid.
sold.
Rexburg Stubbs 15:40 GMT January 25, 2011
EURUSD
I'm to say jump 50 pips and sell on rallie instead.
nyc ws 15:31 GMT January 25, 2011
EURUSD
Stops or offers at 1.3685?
Budapest Z 15:29 GMT January 25, 2011
**SILVER ALERT**
most likely at the 200dma ~ 23ish, most crowded trade by far still, retail buying it up like there is no tomorrow. relative weakness of gold and silver in the complex (plat, pallad etc) - but silver mainly - shows how important positiniong is when one has a view.
Macau JJ 15:25 GMT January 25, 2011
EURUSD
You are 100% right. See current EUR? Just jump 50pips in a minute! Long Long Long
Rexburg Stubbs 15:22 GMT January 25, 2011
**SILVER ALERT**
I'm to say that SILVER is bottoming out for a nice pending rally.
Rexburg Stubbs 15:19 GMT January 25, 2011
What's the buzz?
GVI Forex Jay 15:17 GMT January 25, 2011
I'm to say that there is the macro view and then there is the shorter term views to boot. Have a nice day Jay.
BERN DS 15:18 GMT January 25, 2011
EURUSD
Reply
EURUSD could end the day around 13850... good buying from interesting sources still.. glgt
GVI Forex Jay 15:17 GMT January 25, 2011
What's the buzz?
Stubbs, we all know your view so suggest sitting back and let your trades and P&L do the talking. I am not taking sides here and opposing views is what makes a market. gl
dc CB 15:16 GMT January 25, 2011
POMO
Not looking too good (for some) since the open of cash trading
Rexburg Stubbs 15:14 GMT January 25, 2011
What's the buzz?
I'm to respectfully say USD strength is the result for today.
It takes multiple views to make a market. No fight picking from me.
London ex 15:10 GMT January 25, 2011
What's the buzz?
dil- yes agree it looks that way.
Israel dil 15:08 GMT January 25, 2011
What's the buzz?
today, no matter the news but USD is to trade weaker.
GVI Forex john 15:05 GMT January 25, 2011
What's the buzz?
- CB Consumer Confidence another strong number. Much higher than expected.
- Should give equities a lift. Your choice on whether good news is constructive or not for USD ??
London ex 14:57 GMT January 25, 2011
GBP
Reply
Surprised that cable has not bounced much since its dive on the GDP data today. Nice coverage G-V!
GVI Forex Jay 14:55 GMT January 25, 2011
EUR
Stubbs, contact me offline
Rexburg Stubbs 14:55 GMT January 25, 2011
EUR
GVI Forex Jay 14:28 GMT January 25, 2011
I'm to say I have e-mail but did not read where censorship removes market bias.
dc CB 14:47 GMT January 25, 2011
POMO
Reply
POMO hour coming up...$6 - 8Bln injection.
also 2y auction results afternoon $35bln
Boston BR 14:39 GMT January 25, 2011
EUR
It looks like a fist fight at 1.36.
GVI Forex john 14:38 GMT January 25, 2011
GVI Forex Trading Support
CALENDAR ITEM PREVIEW
Entry: Target: Stop:
EVENT @ 15:00 GMT
The Conference Board Consumer Confidence Survey
IMPACT = HIGH
Consumer Confidence Survey is a monthly report detailing consumer attitudes and buying intentions. The Index is calculated on the basis of a 5,000 household survey of consumer opinions on current conditions and future expectations of the economy.
GVI Forex Jay 14:28 GMT January 25, 2011
EUR
Stubbs, pls see your email
Rexburg Stubbs 14:27 GMT January 25, 2011
EUR
I'm to say where did my last post go?
EUR to commence a move south now.
HK Kevin 14:26 GMT January 25, 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
Lower stop to 1.3661, t/p 1.3560 and 1.3520
to dr unken katt 14:26 GMT January 25, 2011
.euro
i dont control
i live with it
GVI Forex Jay 14:25 GMT January 25, 2011
Tech Talk
Euro seems more of a sideshow today but just bounced off 1.3617 again for an intra-day triple top. Odd level for resistance. Above it is resistance at 1.3628 and 1.3638. Below it keeps focus on supports at 1.3587, 1.3576, 1.3572 (day low). EUR/CHF still under pressure (low 1.2825).
London Mick 14:22 GMT January 25, 2011
EUR
Stubbs what is it with the "I'm to say..."???
Rexburg Stubbs 14:21 GMT January 25, 2011
EUR
to dr unken katt 14:16 GMT January 25, 2011
I'm to say yes. That is the genre. TV Housewives- Wall Street Edition, talking up the producers' rah rah teleprompter script.
Tehran k.k 14:20 GMT January 25, 2011
.euro
katt, thankyou.
nyc s 14:18 GMT January 25, 2011
.euro
How do you control your risk then?
to dr unken katt 14:16 GMT January 25, 2011
.euro
i never use stop
Tehran k.k 14:16 GMT January 25, 2011
.euro
katt, could you tell me what is your stoploss?
to dr unken katt 14:16 GMT January 25, 2011
EUR
u mean the tv chick with those big buggy eyes?
GVI Forex john 14:15 GMT January 25, 2011
What's the buzz?
- Case Shiller data suggest housing market remains weak. Hardly a surprise!
- Problem is the data are very old. November 2010.
- Watch EUR crosses. Turning mixed again?
Rexburg Stubbs 14:12 GMT January 25, 2011
EUR
I'm to say that the Maria Bartiloni's were talking excitedly about a lower USD last week. Now they will talk about a strong USD and lower commodity prices. Yo-yo's with no know's.
Rexburg Stubbs 14:04 GMT January 25, 2011
EUR
I'm to say keep the sell on rallie mode for today is good. Looks like a deeper dive is to commence.
GVI Forex john 14:03 GMT January 25, 2011
GVI Forex Trading Support
ALERT
Entry: Target: Stop:
-- ALERT --
November Case Shiller 20
m/m -0.5% vs. -0.8% est.
y/y: -1.6% vs. -1.6% est.
to dr unken katt 14:03 GMT January 25, 2011
.euro
yes its just below th e PP indicators are bearish
it may take some time to consolidate but euro is short
Tehran k.k 13:56 GMT January 25, 2011
.euro
Katt, you mean 3616?
to dr unken katt 13:46 GMT January 25, 2011
.euro
Reply
shorted 3 lots euro at 16
GVI Forex john 13:19 GMT January 25, 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
Rexburg Stubbs 13:18 GMT January 25, 2011
EUR/USD
I'm to say that a great job dil. How you get that price? My broker only gave it one pip higher for bid. Ahhhhh. My broker tries to screw me again. Will make them suffer on their P&L some more on other trades.
Israel dil 13:06 GMT January 25, 2011
EUR/USD
Reply
Buy EURUSD
Entry: 1.3575 Target: 1.3735 Stop: 1.3515
let's see
Rexburg Stubbs 13:03 GMT January 25, 2011
EUR
I'm to say that the long liquidators are closing those too-easy-to be-true, buy and hold eur positions
Lahore FM 12:52 GMT January 25, 2011
-- Trade Ideas --
Sell AUDUSD
Entry: 0.9991 Target: Stop: 0.9991 for 2/3rds
01/24/2011 16:13:09 FM Lahore 12
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.
--
closed 1/3rd now at 0.9916.lowered sl to entry for rest of it.
GVI Forex Blog 12:49 GMT January 25, 2011
Reply
The market was thrown a curveball today as the initial focus on the first EFSF bond issue (euro positive) was replaced by a sell-off in GBP following the surprise contraction in 4Q10 GDP.
Tech Talk - Market Thrown A Curveball
Rexburg Stubbs 12:31 GMT January 25, 2011
EUR
I'm to say that it looks to be selling rallie is path of least resistance for today.
Lahore FM 12:26 GMT January 25, 2011
-- Trade Ideas --
TG sl is 1.4820 and trade is still open.
tallinn viies 12:24 GMT January 25, 2011
eurusd
Reply
goldy is selling EurSek, he has been active throughout the morning.
GVI Forex john 12:13 GMT January 25, 2011
GVI Forex Trading Support
ECONOMIC DATA CHART
Entry: Target: Stop:
Canadian CPI softer than forecast. Core CPI contained.
GVI Forex john 12:06 GMT January 25, 2011
What's the buzz?
DATA
Entry: Target: Stop:
- Canadian CPI data softer than expected across the board. Keeps rate hike pressures off Central bank.
- CAD initially weakens sharply vs. USD.
GVI Forex john 12:00 GMT January 25, 2011
GVI Forex Trading Support
-- ALERT --
Canadian December CPI
Bank of Canada core: 1.5% vs. 1.6% est.
Headline:
m/m 0.0% vs. 0.1% est.
y/y: 2.4% vs. 2.5% est.
GVI Forex Jay 11:59 GMT January 25, 2011
Tech Talk
12:00 GMT (Global-View.com) January 25 - The market was thrown a curveball today as the initial focus on the first EFSF bond issue (euro positive) was replaced by a sell-off in GBP following the surprise contraction in 4Q10 GDP. This has seen the GBP fall sharply both vs. the dollar and on its crosses, GBP/USD testing its 100 day mva at 1.5756 (note green line on the daily chart). Low has so far been 1.5748. The 20 day mva is at 1.5696 and 50 day mva at 1.5681. See FX Chart Points
This has created a mixed picture for the dollar with lags in other pairs vs. the dollar out of weaker GBP crosses. This includes the EUR/USD, which retreated from a 2-day double top at 1.3686 but paused above yesterday’s 1.3540 low as a firmer eur/gbp has offset some of the impact of a weaker eur/chf and eur/jpy. This low would need to be taken out to shift the focus to 1.35. On the upside, only a break of 1.3686 would be significant.
Gen dk 11:55 GMT January 25, 2011
Reply
Trading Signals Updated:
CLICK HERE for more Gen dk information
HK [email protected] 11:37 GMT January 25, 2011
Typical failure swing
Reply
Euro drop this afternoon can't be considered yet a start of a downtrend.
It may even contribute to it's uptrend as some cowboy longs were flashed out.
Downward failure swing at most for the moment at most.
GVI Forex Blog 11:27 GMT January 25, 2011
Reply
The euro came off a two-month high on Tuesday as the euro zone rescue fund's first offer of debt went in line with expectations, while the pound dived after figures showed a shock contraction for the economy last quarter.
FOREX NEWS - Euro eases vs dlr; UK GDP shocker slams pound
GVI Forex john 11:26 GMT January 25, 2011
GVI Forex Trading Support
EVENT @ 12:00
Canadian Consumer Price Index
IMPACT = HiGH
The CPI is an index designed to measure the change in price of a fixed market basket of goods and services. The market basket of goods and services is representative of the purchases of a typical consumer. Most countries have an alternate measure of inflation where they exclude volatile items, such as food and energy, to arrive at a measure of underlying inflation. Colloquially, this is usually referred to as “core” inflation. Core inflation can be a useful analytical tool.
Many Central banks explicitly target inflation levels. An acceleration or deceleration of inflation may signal that a change in monetary policy might be appropriate.
London Misha 11:13 GMT January 25, 2011
Observations
Reply
EURUSD - Doji on the Daily Chart.
USDJPY - Doji on the Daily Chart.
GBPUSD - Doji on the Daily Chart.
USDCHF - Two Day Reversal Down leads into Two Black Crows on the Daily Chart.
EURGBP - Doji/Spinning Top on the Daily Chart. Thrid close over the Long MA.
EURJPY - Doji, possibly a Doji Star on the Daily Chart. Second Close over the Long MA.
USDCAD - Doji on the Daily Chart.
AUDUSD - Follow on from a Bullish Tweezer Bottom on the Daily Chart.
hk ooozmeeh 11:03 GMT January 25, 2011
GOLD
gold has still room down, but im expecting some pullbacks monthend...and eventual reversal to new highs...gt
GVI Forex john 11:03 GMT January 25, 2011
What's the buzz?
- Seeing spot crude (WTI) currently at $86.58, -1.32. Markets getting mixed signals on demand/inflation. Gold 1324.60, -10.51.
hk ooozmeeh 10:47 GMT January 25, 2011
GOLD
Reply
Buy Gold
Entry: Target: Stop:
gold @ 1323 level ...will start to accumulate longterm gold "longs" from here until 1300 level...good trades to all
GVI Forex john 10:45 GMT January 25, 2011
What's the buzz?
Update..
- Soft Aussie CPI takes March rate hike off the table? See alert and chart earlier today (scroll down)
- U.K. GBP has seen the GBP hit hard (data, Chart and immediate comments below).
- Question do these data releases have "legs" ? Will they last in terms of market impact. Would a weaker GBP weigh on EUR? I really don't know. Any ideas?
GVI Forex john 10:39 GMT January 25, 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 10:38 GMT January 25, 2011
UK Recession May Be Looming - Schroders
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A slowdown in the last three months of 2010 puts paid to any talk of a U.K. rate hike, and ups the chances of recession. "These are a disappointing set of numbers and should dash any threat of a rise in interest rates in the near future," Azad Zangana, European economist at Schroders says. If the economy contracts over the first three months of 2011, then the U.K. would head back into a technical recession, he notes, adding this is "something the UK has been very prone to in the past."
Rexburg Stubbs 10:37 GMT January 25, 2011
EUR
I'm to say keep holding those shorts from the high range. 200+ drop is nicely progressing.
GVI Forex Blog 10:26 GMT January 25, 2011
Reply
11:00 GMT (Global-View.com) January 25- A short while ago preliminary U.K. 4Q10 unexpectedly showed a contraction. Officials blame the contraction on the severe winter weather seen at the
Daily GVI Forex Forex View- Poor U.K. GDP
Brussels 10:20 GMT January 25, 2011
ESFS
Reply
Debut issue by EFSF bailout fund heavily in demand
BRUSSELS, Jan 25 (Reuters) - The European Financial Stability Facility, the 440 billion euro fund being used to bail out Ireland, launched its debut bond issue on Tuesday with demand dwarfing the 5 billion euros on offer
Gen dk 10:17 GMT January 25, 2011
Reply
Trading Signals Updated:
CLICK HERE for more Gen dk information
Cambridge Joe 10:04 GMT January 25, 2011
-- Trade Ideas --
sorry eurgbp SHORT...
Sorry
Cambridge Joe 10:04 GMT January 25, 2011
-- Trade Ideas --
TG// None of mine really.... but my eurgbp long just got fried....
And while I don't suppose it's usual, my SL got overwhelmed FOUR TIMES...... on the same trade.... couldn't close it....
Oh well... that's just wiped out yesterdays good work.
I do trade very small with very tight stops... so it prob won't affect others the way it did me... !
Sob !
Altamonte TG 09:59 GMT January 25, 2011
-- Trade Ideas --
EURCHF
Entry: Target: Stop:
Are you still in, this trade or will stop hold ?
GVI Forex john 09:47 GMT January 25, 2011
GVI Forex Trading Support
ECONOMIC DATA CHART
Entry: Target: Stop:
CHART: weak UK GDP
GVI Forex john 09:35 GMT January 25, 2011
GVI Forex Trading Support
U.K. 4Q10 GDP considerably weaker than forecast. Officials blaming poor weather for the data. places BOE in a difficult dilemma with CPI well above target and the economy weak.
GBP sharply weaker initially.
Syd 09:31 GMT January 25, 2011
fx
Reply
UK 4Q GDP Was Forecast +0.4% On Qtr, +2.6% On Yr
UK Preliminary 4Q GDP -0.5% On Quarter; +1.7% On Year
In Spain, Homes Are Taken but Debt Stays
LINK
GVI Forex john 09:31 GMT January 25, 2011
GVI Forex Trading Support
-- ALERT --
4Q10 U.K. GDP CPI
q/q:-0.5% vs. 0.4% est.
y/y: 1.7% vs. 2.6% est.
Lahore FM 09:29 GMT January 25, 2011
-- Trade Ideas --
making gbpchf sl at 1.5100 a soft one to be decided upon .later
Syd 09:03 GMT January 25, 2011
Spanish Bank Shares Tumble On Government Clean-Up Plan
Reply
Link Securities said the deadline for raising capital by this autumn is too far away, raising fears that regional governments--currently in control of unlisted savings banks--are putting political brakes on the process.
"The problem is focused on a realistic valuation of non-performing loans in the banks, as well as updated valuations of real-estate assets in the balances," Link Securities added.
The clean-up of banks is a key part of Spain's effort to shore up investor confidence in the euro zone's fourth-largest economy. Spain's borrowing costs sky-rocketed after Ireland's finances buckled under the weight of massive loan losses among its banks. Ireland is also suffering from a massive housing bust
Lahore FM 09:01 GMT January 25, 2011
-- Trade Ideas --
TG A ltamonte eurchf trade can take around 6 weeks to get to target.intermediate target is 1.3120 where parts maybe clsoed.
--
audusd has aa fresh down move coming on move belwo 0.9920.this if off four hour charts.
eurusd when it starts to correct on hourlies can go to 1.34 and on weeklies can go as low as 1.32 before fresh up.
Syd 08:37 GMT January 25, 2011
US Exit Strategy May Hit EUR/USD - Citigroup
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As the US edges towards its own exit strategy EUR/USD could become vulnerable, says Credit Agricole, adding the pair's current move higher is driven by interest rate differentials. Sees the pair weakening after 1Q throughout 2011. Says it's also important to note that the sovereign debt situation in Europe hasn't improved yet, and warns a surge in positive EUR sentiment should not distract from underlying problems. EUR/USD currently at 1.3670.
tokyo rana 08:34 GMT January 25, 2011
**SILVER ALERT**
Rexburg Stubbs 02:48 dear friend,we in same boat i sold lots of euro and aud.....happy day,
tokyo rana 08:32 GMT January 25, 2011
pending longs!
Sell EURUSD
Entry: 1.365 Target: 1.335/300pips Stop: later
my target is 300pips only....
tokyo rana 08:30 GMT January 25, 2011
pending longs!
Buy EURUSD
Entry: 1.3333 Target: open Stop: 100pips
happy day,
tokyo rana 08:29 GMT January 25, 2011
pending longs!
Reply
Buy AUDUSD
Entry: 0.983/0.955between Target: open Stop: later
happy day,
tokyo rana 08:28 GMT January 25, 2011
HK RF
Sell EURUSD
Entry: 1.3685added Target: 1.34/1.32 Stop: laater
BERN DS 08:22 dear friend,im expecting 200/500pips correction this week usd$ pairs.....happy day
BERN DS 08:22 GMT January 25, 2011
HK RF
Reply
Great forecast RF, you were one of the few...! Super work... we need some visionaries here as well... EURUSD might be the super power force till mid year... ! all the best to you !
HK [email protected] 07:35 GMT January 25, 2011
IT IS ALL IN THE CHARTS(Eventually may turn right too)
Reply
.
HK [email protected] 10:16 GMT January 20, 2011
EUR/USD: Reply
My expectation for EUR/USD for the next few days is a challenge of about 1.3900.Target
Take notice that 1.3900 is a sort of minimum target, where it may serve as a many days Max. or a Max. before a higher Max. in an uptrend.
GL/GT
Syd 07:12 GMT January 25, 2011
Aussie Will Slide to $0.88 By Year-End
Reply
Callum Henderson, global head of FX research at Standard Chartered, forecasts the Australian dollar will fall to $0.88 by the end of the year due to moderating growth and a change in the RBA's policy direction.
http://www.cnbc.com/id/15840232?video=1765323995&play=1
Housing market conditions 'tipped to worsen'
HOUSING market conditions are expected to worsen over the next 12 months, following last year's interest rate rises and ongoing tight credit conditions.Of the effect of the flooding in Queensland, NAB Group chief economist Alan Oster said the next residential survey "will be worse". Mr Oster said the survey was conducted from late November last year to early December, before the worst of the rains hit Australia's east coast.
Ireland's Voters Ready to Confront Rest of Euro Zone
Whenever it happens, Ireland's general election will mark the first clash between the desires of voters in a euro-zone nation that is in receipt of help from its brethren, and the declared interests of the currency area as a whole.
"Chancellor [Angela] Merkel made the common-sense observation that investors who take a risk should not be given complete cover by sovereign governments. However, her approach seems to be that of St. Augustine: 'make me chaste, but not yet.' She and other EU leaders have not yet accepted that part of the solution to the current banking and economic crises, never mind the next one, is appropriate burden-sharing between taxpayers and investors."
They fear any restructuring of the bonds would spook investors and prompt them to withdraw their money from other banks around the bloc.
Without the existence of the €67.5 billion ($92 billion) bailout granted by the European Union and the International Monetary Fund late last year, holders of the bank bonds would be feeling very nervous indeed
http://online.wsj.com/article/SB10001424052748703555804576102002
170691000.html
India Raises Interet Rates; Warn on Food Inflation
"India has a serious inflation problem, something officials have been highlighting recently. I suspect the market would have been looking for a bolder move in terms of a 50 basis points move," said Jonathan Cavenagh, senior FX strategist at Westpac Institutional Bank in Singapore.
http://www.cnbc.com/id/41245032
Syd 06:40 GMT January 25, 2011
IMF: Euro-Area Concerns Continue To Pose Major Risk
Reply
IMF: Risks, Instability Threaten Global Economic Recovery
IMF: More Rigorous European Bank Stress Tests Needed
IMF: Sees US Economy Growing 3% In 2011, 2.7% In 2012
IMF: Sees Euro-Area Economy Growing 1.5% In 2011
IMF: Sees China's Economy Growing 9.6% In 2011
The biggest area of concern remains Europe, where sovereign debt issues and questions about some of the region's banks have led to an increasing amount of turbulence. The financial rescues of Greece and Ireland, as well as the potential for other countries to need aid, will continue to hurt market confidence in the region, the IMF said.
"In particular, continued market pressures could result in serious funding pressures for major banks and sovereigns, increasing the likelihood that problems spill over to core countries," the report said. Euro-area countries should move aggressively to combat these problems by embracing more rigorous stress tests of the region's banks, as well as an expansion of the scope and size of the European Financial Stability Facility. The key is to try and decouple the risks to the economy caused by both sovereign and banking risks, the report said.
Syd 06:04 GMT January 25, 2011
Outgoing CBI chief slams government growth strategy
Reply
Sir Richard Lambert uses last major speech as head of Confederation of British Industry to call for measures to boost demand
http://www.guardian.co.uk/business/2011/jan/24/cbi-chief-slams-government-growth-strategy
happy 2011 06:02 GMT January 25, 2011
Davos
e$$oteric fwiw 144,48 $cad 1 year membership!
happy 2011 05:43 GMT January 25, 2011
Davos
davos in the henhouse all welcome!
dc CB 05:34 GMT January 25, 2011
Davos
don't know why this site censored
it's d*e*albook
dc CB 05:32 GMT January 25, 2011
Davos
Reply
January 24, 2011, 9:14 pm censored Column
A Hefty Price for Entry to Davos
By ANDREW ROSS SORKIN
Just to have the opportunity to be invited to Davos, you must be invited to be a member of the World Economic Forum, a Swiss nonprofit that was founded by Klaus Schwab, a German-born academic who managed to build a global conference in the snow.
There are several levels of membership: the basic level, which will get you one invitation to Davos, costs 50,000 Swiss francs, or about $52,000. The ticket itself is another 18,000 Swiss francs ($19,000), plus tax, bringing the total cost of membership and entrance fee to $71,000.
But that fee just gets you in the door with the masses at Davos, with entry to all the general sessions. If you want to be invited behind the velvet rope to participate in private sessions among your industry’s peers, you need to step up to the “Industry Associate” level. That costs $137,000, plus the price of the ticket, bringing the total to about $156,000.
Of course, most C.E.O.’s don’t like going anywhere alone, so they might ask a colleague along. Well, the World Economic Forum doesn’t just let you buy an additional ticket for $19,000. Instead, you need to upgrade your annual membership to the “Industry Partner” level. That will set you back about $263,000, plus the cost of two tickets, bringing the total to $301,000.
http://censored.nytimes.com/2011/01/24/a-hefty-price-for-entry-to-davos/?ref=business
Melbourne Qindex 05:18 GMT January 25, 2011
Platinum : Heading Towards 1789.9
Mtl JP 02:28 GMT : The page for copper has been updated. I am now in China and will go back to Hong Kong later today.
Copper : Monthly Cycle Charts
http;//www.qindex.com/copper.html
Syd 04:21 GMT January 25, 2011
Australia Benign 4Q Inflation To Stay RBA's Hand Until Late 2011
Reply
Riki Polygenis, senior economist at the Australia and New Zealand Banking Group Ltd., said it will be near impossible for the RBA to justify a hike in interest rates over coming months. "The economy is clearly responding to tighter monetary conditions," she said.
The RBA's policy-making board meets next week and is expected to keep the cash rate on hold at 4.75%.
Economists say the floods, which brought Queensland's coal industry to a virtual standstill, could slug gross domestic product by around one percentage point in the first quarter.
Also Tuesday, one of Australia's big four banks forecast falls in house prices in 2011, removing one of the key concerns the central bank has about the economy in recent years.
National house price expectations have now turned negative, with falls of 0.5% over the next 12 months likely, the National Australia Bank survey said. The picture is a far cry from that of recent years when house prices growth frequently reached double figures, fueling talk of a house price bubble.
Alan Oster, chief economist at NAB, said that once the effect of the floods are counted, the downward pull on house prices in Brisbane will likely be increased.
"The Reserve Bank will be very comfortable with the direction of house prices for now," Oster added.
Clothing and footwear prices fell sharply through the fourth quarter, the ABS said, highlighting a difficult period for retailers.
Syd 03:20 GMT January 25, 2011
These are nervous times for the smartly suited private bankers of Geneva, Liechtenstein and Grand Ca
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Rudolf Elmer, the former Julius Baer staffer, has the potential to blow the business sky-high. He has handed over a pile of data on about 2,000 accounts to Julian Assange, the founder of WikiLeaks. The material hasn’t been published online yet, but it’s only a matter of time before it turns up somewhere. It will make fascinating reading for financial journalists, real-estate agents, and, more importantly, tax inspectors in the home countries of the people on Elmer’s list
http://www.bloomberg.com/news/2011-01-25/offshore-banks-adapt-or-die-in-wikileaks-era-commentary-by-matthew-lynn.html
to dr unken katt 02:57 GMT January 25, 2011
Platinum : Heading Towards 1789.9
The euro appreciated vis-à -vis the U.S. dollar today as the single currency tested offers around the US$ 1.3660 level and was supported around the $1.3540 level. Technically, today’s intraday low was just below the 23.6% retracement of the $1.3244 – 1.3641 range. North American dealers lifted the common currency higher as an increasing amount of traders seem to be adopting the view that the European debt crisis will be resolved, albeit with financial pain, and not result in a fracture of the eurozone. Yields on ten-year Portuguese debt receded to their lowest level all month last week and countries like Spain have held debt auctions where demand has been increasing, indications that investors in eurozone assets are not shunning the common currency. Traders expect the European Financial Stability Facility will be enlarged from its current €440 billion scope, especially after German Chancellor Merkel said her government “supports whatever is needed to support the euro, also with respect to the rescue fund.” German Finance Minister Schaeuble reported a “comprehensive package” to bolster the rescue facility will be compiled by March. European Central Bank member Stark again reiterated the euro “will not fail.” Three-month eurodollar risk reversals, a measure of demand for options to sell the euro, have recently declined at the fastest pace in about five months – an indication that fewer traders are willing to put on short euro positions
Rexburg Stubbs 02:48 GMT January 25, 2011
**SILVER ALERT**
Reply
I'm to say that there is a short term buy signal for CME NYMEX COMEX SILVER futures @ 26.72
Syd 02:32 GMT January 25, 2011
Brutal Home Foreclosure Laws Aid Spanish Banks
Reply
For many Spaniards, no longer able to pay their mortgages,
the fine print in the deals they agreed to years ago is catching up with them. Not only are Spanish mortgage holders personally liable for the full amount of the loan, but throw in penalty interest charges and tens of thousands of dollars in court fees, and people can end up, like Mr. Marbán, facing a mountain of debt. Bankruptcy is not the answer, either.
Mortgage debt is specifically excluded here.
“Effectively, you can never get rid of this debt,”
“Other countries in the European Union also have personal debt mortgages, but you can go to the courts and get relief.
Not in Spain.”
Several opposition parties in Parliament have been pressing for amendments to the country’s foreclosure laws,
including letting mortgage defaulters settle their debts with the bank by turning over the property. But the center-right government of JosĂ© Luis RodrĂguez Zapatero has opposed such a major change in lending practices.
Under the law, the banks have the right to collect a percentage of a debtor’s income if it is above $835 a month.
http://www.economywatch.com/economy-business-and-finance-news/Brutal-Home-Foreclosure-Laws-Aid-Spanish-Banks.24-01.html
In Spain, Homes Are Taken but Debt Stays
MADRID — Manolo Marbán, 59, is still living in his house in Toledo and going to work in the small pink-and-aqua pet grooming shop he bought here in 2006, when he got swept up in Spain’s giddy real estate boom.
But Mr. Marbán does not own either anymore. The bank foreclosed on both properties last April, and he is waiting for the courts to issue the eviction notices. For many Americans facing foreclosure, that would be the end of it. But for Mr. Marbán and thousands of others here, it is just the beginning of their troubles. When the gavel falls on his case, he will still owe the bank more than $140,000. “I will be working for the bank for the rest of my life,” Mr. Marbán said recently, tears welling in his eyes. “I will never own anything — not even a car.”
http://www.nytimes.com/2010/10/28/world/europe/28spain.html?_r=1&hp
Melbourne Qindex 02:20 GMT January 25, 2011
Platinum : Heading Towards 1789.9
Reply
Platinum : The market is under pressure when it is trading below the weekly cycle pivot center at 1823.5 which is marked with pink colour as shown in my webpage.
Monthly Cycle Directional Indicator : 1314.7 - [1333.0] - [1378.3] - 1381.0 - [1563.4] - 1636.4 - 1712.4 - 1758.4 - 1789.9 - 1823.5 - 1837.3 - 1857.1
Qindex.com
Mtl JP 02:12 GMT January 25, 2011
Sarkozy takes aim at speculators
The solution to food shortages / high food prices is NOT Sarkozy's dirigistic vision. Neither are genetic food crops.
People growing their own and bartering is.
Syd 02:11 GMT January 25, 2011
Former PBOC Adviser: China Shouldn't Buy Eurozone Bonds Until Eurozone Has Crisis Resolution Mechani
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China shouldn't buy eurozone bonds until the region works out a permanent crisis resolution mechanism, to avoid the risk of "turning good money bad," a former adviser to the central bank said in an article published in a state-controlled newspaper Tuesday.
"As for the eurozone, while voicing its strong support, China must urgently seek clarification on whether its current holdings of periphery debt will be part of any restructuring plan," Yu Yongding, a senior researcher at the Chinese Academy of Social Sciences, a major government think tank, said in the article published in China Daily.
Mtl JP 02:05 GMT January 25, 2011
Sarkozy takes aim at speculators
Sarkozy wants the World Bank to be in charge of basic food commodity prices. Sarkozy is going to be in charge of calling in just the right amount of rain, wind, sunshine and beneficial bugs in appropriate places at appropriate times.
Everyone will live happily forever thereafter in a Sarkozy-vision world.
Syd 01:29 GMT January 25, 2011
RBA Unlikely To Hike In 2011 - BNP
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The RBA is unlikely to tighten in 2011 and 4Q inflation numbers illustrate exactly why they won't need to, says BNP Paribas Economist Dominic Bryant. "The RBA can sit tight for quite some time." The house says year-on-year core increase of 2.3% is lowest since 2000. "There's a lack of underlying price pressures present."
Syd 01:15 GMT January 25, 2011
Sarkozy takes aim at speculators
Reply
French president Nicolas Sarkozy has warned that the world risks an escalation in food riots and weaker growth unless measures are introduced to curb speculation in commodity markets.
We want regulation of primary commodity financial markets,” Sarkozy said in a speech in Paris overnight. “How can you explain that we regulate money markets and not commodities?”
Without action, he warned “we run the risk of food riots in the poorest countries and a very unfavourable effect on global economic growth”.
Sarkozy, who has recently taken stewardship of the G20, believes that curbing speculative activity in commodity markets will take some of the heat out of surging commodity prices.
www.businessspectator.com.au/
GVI Forex john 00:37 GMT January 25, 2011
GVI Forex Trading Support
ECONOMIC DATA CHART
Entry: Target: Stop:
Chart Australia CPI
Syd 00:32 GMT January 25, 2011
Australian House Prices To Weaken Considerably In 2011 -NAB
Reply
Australia 4Q RBA Weighted Median CPI +2.3% On Year
Australia 4Q RBA Trimmed Mean CPI +2.2% On Year
Australia 4Q RBA Weighted Median CPI +0.5% On Qtr
Australia 4Q RBA Trimmed Mean CPI +0.3% On Qtr
Australia 4Q CPI +2.7% On Yr; Consensus +3.0%
Australia 4Q CPI +0.4% On Qtr; Consensus +0.7%
Australian Dollar Falls Against Yen After Aussie CPI Data
Conditions in the Australian residential property sector are expected to weaken considerably over the next 12 months as interest rates rise and credit availability stays tight, according to a survey issued Tuesday by one of the country's big four banks.
National Australia Bank Ltd.'s Residential Property Index fell to 27 points in the December survey, down from 44 points in the previous quarter, the bank said.
National house price expectations have now turned negative, with falls of 0.5% over the next 12 months likely, it said. The picture is a far cry from that of recent years when house prices growth frequently reached double figures, proving a headache for the Reserve Bank of Australia.
GVI Forex john 00:32 GMT January 25, 2011
GVI Forex Trading Support
ALERT
Entry: Target: Stop:
-- ALERT --
4Q10 Australian CPI
q/q:0.4% vs. 0.7% est.
y/y: 2.7%vs. 3.0% est.
weighted mean y/y:2.3% vs. 2.5% est.
trimmed mean y/y: 2.2% vs. 2.6% est
Syd 00:30 GMT January 25, 2011
Spain tempts fate with minimalist bank rescue
Reply
Spain tempts fate with minimalist bank rescue
Spain has set in motion a partial nationalisation of its crippled savings banks, or cajas, but stopped short of the giant rescue deemed necessary by some experts to contain the country’s festering crisis. RBS said Spain remains caught in a vice of tightening fiscal policy and a deepening property slump that may culminate in a 40pc fall in house prices, eroding the solvency of the cajas. “This is unlikely to be a game-changer, and could potentially unwind the relief rally we have seen in the markets,” said Silvio Peruzzo, RBS’s Europe economist. Guido Westerwelle, the FDP leader, has sounded euro sceptic over recent weeks, accusing EU officials of trying to bounce Germany into signing a blank cheque for a “Transferunion”, arguably in breach of both German and EU treaty law.“It bothers me that some in Europe seem to think nothing has happened in this financial crisis, and think they can solve the problem by taking on fresh debt,” he said, invoking the name of Ludwig Erhard, the free-market apostle who created the foundations of the post-war German miracle.
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/8279872/Spain-tempts-fate-with-minimalist-bank-rescue.html
The Conference Board Leading Economic Index for Australia rose by 0.3% in November 2010 from an increase of 0.6% in October.
DJ Australia 4Q CPI +2.7% On Yr; Consensus +3.0%
Australia 4Q CPI +0.4% On Qtr; Consensus +0.7%
dc CB 00:18 GMT January 25, 2011
Insurance Companies Sue Bank Of America Over "Massive Mortgage Fraud"
Reply
To wit, from the lawsuit: "In carrying out its review of the approximately 19,000 Countrywide loan files, MBIA found that 91% of the defaulted or delinquent loans in those securitizations contained material deviations from Countrywide’s underwriting guidelines. ..............................The plaintiff counsel is Bernstein Litowitz, which was made famous from the WorldCom litigation. We doubt they will settle for a few measily pennies on the dollar. As for the list of litigants, it is a veritable who's who of the insurance industry: Dexia Holdings, FSA Asset Management, New York Life iInsurance Company, The Mainstay Funds, Teachers Insurance & Annuity, TIAA-CREF Life Insurance, and College Retirement Equities Fund.
http://www.zerohedge.com/article/insurance-companies-sue-countrywide-over-massive-mortgage-fraud-find-91-securitized-loans-ar
includes the 194 page filing. Filed with the NY County Clerk 1/24/2011.
Altamonte TG 00:15 GMT January 25, 2011
-- Trade Ideas --
I just wanted to ask about the eur/chf trade
I took it, and wanted to know if their is any
specific time frame you took it on and also
what are you looking at to exit, or will you let it ride ?
I am fairly new too, thanks.
GVI Forex john 00:04 GMT January 25, 2011
GVI Forex Trading Support
CALENDAR ITEM PREVIEW
Entry: Target: Stop:
Event @ 00:30 GMT
Australian Consumer Price Index
IMPACT= HIGH
The CPI is an index designed to measure the change in price of a fixed market basket of goods and services. The market basket of goods and services is representative of the purchases of a typical consumer. Most countries have an alternate measure of inflation where they exclude volatile items, such as food and energy, to arrive at a measure of underlying inflation. Colloquially, this is usually referred to as “core” inflation. Core inflation can be a useful analytical tool.
Many Central banks explicitly target inflation levels. An acceleration or deceleration of inflation may signal that a change in monetary policy might be appropriate.
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