Richmond Hills 23:42 GMT January 26, 2011
EUR
I'm say EUR is surprise free up rather than surprise free fall. How many days did that PK ask for EUR fall?
Syd 23:31 GMT January 26, 2011
McKibbin said any new tax would have unintended consequences
Reply
Eminent economist and Reserve Bank of Australia board member Warwick McKibbin on Thursday attacked the federal Labor government's expected tax increase to fund reconstruction efforts in flood-ravaged Queensland state, saying relaxing fiscal policy was a preferable option.
In an interview on Australian Broadcasting Corp. radio, McKibbin said politicians are overly fixated on the goal of restoring the budget to surplus by the current target date of 2012-13, saying any first-year economic student could see increasing tax was the wrong option.
Many Australians donated to relief funds as the floods swept through Queensland's south east in January and if the community begins to expect the government will impose a new tax, then fewer people are likely to donate in the first instance in the future, he said.
"It does create very bad incentives," McKibbin said.
McKibbin said the tax increase was driven purely by politics. Australia now has a rare hung parliament, which has the minority Labor party ruling with the support of a handful of independents and Green party lawmakers.
The present parliament "is going to deliver very bad outcomes as far as I can see," he said.
Earlier Thursday, Finance Minister Penny Wong said the government remains committed to restoring the budget to surplus on time.
Syd 23:09 GMT January 26, 2011
fx
Reply
Cambridge Joe, you made me chuckle :-))
If you like that , you will like this one ..
Out of the euro by Rudo de Ruijter
LINK
Cambridge Joe 23:05 GMT January 26, 2011
fx
Aaahh ! That old one ! ;-)
Syd 23:04 GMT January 26, 2011
fx
Reply
Cambridge Joe 22:54 ahahah ... just the messenger :-))) not my words
Cambridge Joe 22:54 GMT January 26, 2011
Sold eurusd
Reply
Sold EURUSD entry 3702
tight stop.
Good night !
(ps. SYD... old bean... it's not considered 'PC' to link a race with a negative epithet.... I think it's all right, I don't think anyone noticed.. 'til now... ha ha ! )
nyc bankall 22:50 GMT January 26, 2011
eur/$ & aud/$
Reply
The trades progressing nicely.
eur/$ needs to break above 1.3744 for 1.3786, then 1.3805.
Stop raised to 1.3540 from 1.3380
aud/$ needs to break above 1.0065, for 1.0110 then 1.0190
Stop raised to 0.9830 from 0.9765
Out of here. GT all!
---------------------------------------------
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.
nyc bankall 18:50 GMT January 24, 2011
eur/$: Reply
Now flat on eur/$ and waiting to re-buy 1.3615-1.3565 Stop 1.3380, targets 1.3755 then 1.3805
Syd 22:45 GMT January 26, 2011
An emergency fund is the answer to the euro's missing element, said billionaire investor and philant
Reply
29 Oct 2010 ... As George Soros has written in an excellent recent article in the New York ... But the 750bn euro war chest or rescue fund has given countries a breathing ... And over the past two weeks the ECB has stopped its emergency programme ... This is the most important missing ingredient, and it depends on ...
As George Soros has written in an excellent recent article in the New York Review of Books, the euro crisis has led to a crise de conscience - or perhaps that should be Gewissensbisse - in Germany. The Maastricht treaty specifically banned bailouts and that ban has been upheld by the German constitutional court, but that is precisely what has happened. Pardon my French (again) but the German public feels duped by a bunch of feckless Greeks.
http://www.ft.com/cms/s/2/26ded90a-e35c-11df-97db-00144feabdc0.html#axzz1CBSAapsL
to dr unken katt 22:41 GMT January 26, 2011
EUR
CROOKS broke in to a Florida house and snorted the ashes of the owner's father, thinking it was cocaine.
Police in Marion's County arrested five suspects Tuesday over the sick crime, in which the burglars also stole and tried to snort the ashes of their victim's dead two Great Dane dogs.
Detectives said they believe the intruders thought the ashes were cocaine, but after trying some and realising their mistake, quickly got rid of them
HK RF@ 22:37 GMT January 26, 2011
EUR
Traders turning into poets... that is a serious matter, just don't become another YXX math.
HK RF@ 22:34 GMT January 26, 2011
EUR
YXX math 22:31 GMT January 26, 2011
What happened friend? The supply of your pills was cut?
Anyway some improvement in your situation is noticed as your screen name became shorter.
Hope you continue your therapy with more success(and not here).
Rexburg Stubbs 22:32 GMT January 26, 2011
EUR
Thursday's EUR lyrics-
Wed's eur theme extended into Thursday-
....And I'm a bad boy cos I don't even
miss her. I'm a bad boy for breakin' her
hear.t And I'm free, free fallin'. Yeah I'm free,
free fallin'...
HK RF@ 22:29 GMT January 26, 2011
GBP/USD bull out of the stable
Reply
Bless the lord for giving me those hours of sleep, and saving me from last night lengthy discussions on the forum.
But meanwhile the GBP-bull(as I suspected) is out of the stable, and so gold and silver began to trend upward.
...
Some people have to begin using a more careful language, because the Mkt will not do what you wish or want(even one demand it for days), but you get what it gives you. So simple GL/GT
YXX math 22:23 GMT January 26, 2011
EUR
warm food war measure re/act being microwaved gwen elf towers
GVI Forex john 22:14 GMT January 26, 2011
GVI Forex Trading Support
DATA
Entry: Target: Stop:
From our risk trade table...
Latest Gold Oil S&P
Last 1343 87.59 1297
High 1343 87.63 1299
Low 1326 86.03 1291
Change 10 1.27 5
MVA Gold Oil S&P
5 day 1338 87.70 1290
10 day 1351 89.37 1290
20 day 1369 89.86 1281
50 day 1378 88.51 1249
100 day 1356 84.82 1208
200 day 1285 80.40 1151
TREND Gold Oil S&P
BIAS Down Down Up
Rexburg Stubbs 22:13 GMT January 26, 2011
EUR
I was repeatedly stoned and whipped here days ago for calling the eur a failed experiment. But my man George Soros agrees, and for the same reasons-
DAVOS, Switzerland – Billionaire financier George Soros warned Wednesday that Europe could potentially fall apart because of the "two-speed Europe" of haves and have-nots that is being perpetuated by the reform of the embattled euro.
He told a news briefing on the sidelines of the World Economic Forum that the currency used by 17 EU nations is in the process of reform following concerns over the debt crisis that enveloped Greece and Ireland and is threatening others.
Its flaw, he said, of having a common central bank but no common treasury was being addressed with the creation of a permanent European Financial Stability Facility, which was created to bail out debt-ridden countries.
///////////////////////////////////
I said the same thing about having a common central bank but no common treasury. Now, before you go and offer sweet cynical criticisms about my man George, I trust him over anyone who can't match his legendary performance.
Good Evening
Rexburg Stubbs 22:06 GMT January 26, 2011
EUR
I sense that 1.35xx can be touched within 24-48 hrs.
Peace out.
Syd 22:04 GMT January 26, 2011
Flood rebuilding levy will backfire: RBA director Warwick McKibbin
Reply
Soros: Would Be Very Careful With Muni Bonds -CNBC
Soros: A Common Treasury Was the Euro's Missing Ingredient -CNBC
Soros: 'Two-Speed' Europe is an Unsolved Problem -CNBC
Soros: We're On the Verge of Tipping Over to Inflation -CNBC
RBA McKibbin: Fiscal Deficit Preferable Over Flood Levy -ABC
RBA McKibbin: Flood Levy Risks Unintended Consequences - ABC
RBA's McKibbin Says Fixation On Budget Balance Unwise
RBA's McKibbin Says Risks That Political Process Will Deliver Bad Policy
The tight Aussie credit conditions and interest rate hikes last year may play a part in making the housing market worse, figures have suggested.LINK
GVI Forex john 21:57 GMT January 26, 2011
GVI Forex Trading Support
GVI CHART POINTS
Entry: Target: Stop:
Trading Resources...
GVI Forex john 21:53 GMT January 26, 2011
GVI Forex Trading Support
USD PIVOT POINTS
Entry: Target: Stop:
Pivots EURUSD USDJPY USDCHF GBPUSD USDCAD AUDUSD
Res 3 1.3802 83.22 0.9529 1.6085 1.0018 1.0076
Res 2 1.3761 82.91 0.9497 1.5998 1.0000 1.0039
Res 1 1.3726 82.61 0.9465 1.5946 0.9975 1.0006
Pivot 1.3685 82.30 0.9433 1.5859 0.9957 0.9969
Sup 1 1.3650 82.00 0.9401 1.5807 0.9932 0.9936
Sup 2 1.3609 81.69 0.9369 1.5720 0.9914 0.9899
Sup 3 1.3574 81.39 0.9337 1.5668 0.9889 0.9866
YXX math 21:50 GMT January 26, 2011
measure reAct
Reply
GBPUSD
Entry: Target: Stop:
warpetreusA!
GVI Forex john 21:49 GMT January 26, 2011
GVI Forex Trading Support
USD MOVING AVERAGES
Entry: Target: Stop:
Latest EURUSD USDJPY USDCHF GBPUSD USDCAD AUDUSD
Last 1.3690 82.31 0.9433 1.5895 0.9951 0.9974
High 1.3721 82.60 0.9465 1.5910 0.9981 1.0001
Low 1.3645 81.99 0.9401 1.5771 0.9938 0.9931
Change 0.0007 0.05 0.0011 0.0079 -0.0024 0.0012
MVA EURUSD USDJPY USDCHF GBPUSD USDCAD AUDUSD
5 day 1.3620 82.53 0.9521 1.5923 0.9958 0.9937
10 day 1.3496 82.58 0.9573 1.5914 0.9932 0.9944
20 day 1.3320 82.54 0.9566 1.5735 0.9936 0.9985
50 day 1.3279 83.05 0.9684 1.5677 1.0038 0.9925
100 day 1.3476 82.86 0.9739 1.5764 1.0114 0.9843
200 day 1.3073 85.87 1.0279 1.5448 1.0251 0.9325
TREND EURUSD USDJPY USDCHF GBPUSD USDCAD AUDUSD
BIAS Up Down Down Up Up Down
jerusalem kb 21:41 GMT January 26, 2011
GBPUSD
closed all with 160pips+
Syd 21:39 GMT January 26, 2011
WSJ UPDATE: Changing Tune On Inflation Could Sideswipe Euro, Pound
Reply
-Investors have been fretting about inflation problems in fast-growing emerging nations while giving central bankers in Britain and the euro zone a free pass. But given Europe's growing inflationary pressures and concerns that policy makers could be behind the curve, some analysts fear the U.K. pound and possibly even the euro could soon get punished.
Failure by the Bank of England to get a grip on growth and prices could undermine confidence in the bank itself, hurting the pound. In one sign of concern, prices of credit-default swaps tied to Britain--which investors buy to protect themselves against the risk of a debt default--have jumped roughly 10% since Monday evening, though the cost of insurance remains low.
http://online.wsj.com/article/BT-CO-20110126-715613.html
China Banking Regulator ‘Very Concerned’ About Inflation.
China’s top banking regulator said Wednesday the country’s authorities are “very concerned” about inflation and are determined to refrain from seeking overly fast economic growth in the future.LINK
GVI Forex Blog 21:33 GMT January 26, 2011
Reply
The dollar slipped on Wednesday, with weakness seen continuing the rest of the week, after the Federal Reserve kept interest rates low and gave a tepid assessment of the U.S. economy that ensured the central bank's Treasury bond-buying program stays until June.
FOREX NEWS - Dollar edges lower as Fed gives cautious outlook
GVI Forex john 21:31 GMT January 26, 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.
jerusalem kb 21:25 GMT January 26, 2011
eurusd
you are welcome stubbs.
yes the middle B/B is 20ma and if you check the monthly chart you will see that the price is now at the middle bollinger band
Rexburg Stubbs 21:22 GMT January 26, 2011
eurusd
jerusalem kb 21:04 GMT January 26, 2011
Thank you for sharing this interesting chart. Is the "Middle Bollinger Band" alternative terminology for "Moving Average"?
GVI Forex john 21:21 GMT January 26, 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.
dc CB 21:19 GMT January 26, 2011
New York Prosecutor Seeks Mandatory Prison Terms in Securities Fraud Cases
National Taxpayers Union says Obama’s state of the union ideas would boost spending by $20 bln and lead to higher taxes.
?????gee the FRBNY spends that in 3 days in an average week.
it's really amusing to listen to all this carping about "spending", with not one peep about this daily operation.
jerusalem kb 21:05 GMT January 26, 2011
eurusd
waiting for support breakout as first sign of correction.
dc CB 21:04 GMT January 26, 2011
New York Prosecutor Seeks Mandatory Prison Terms in Securities Fraud Cases
Reply
Manhattan District Attorney Cyrus Vance Jr. said he wants harsher penalties, including mandatory prison time, for people convicted of major securities fraud in New York.
Vance said in a speech at New York City Bar Association in midtown Manhattan yesterday that he will call on the legislature to change the Martin Act, New York’s securities fraud statute. He said he will seek prison sentences of as long as 8 1/3 years to 25 years for frauds involving more than $1 million. The crime now carries no minimum prison sentence, regardless of the money involved.
“The flexibility of the Martin Act and its utility in the battle against criminal fraud is marred by its overly lenient penalties,”
http://www.bloomberg.com/news/2011-01-25/new-york-prosecutor-seeks-mandatory-prison-sentence-in-securities-frauds.html
jerusalem kb 21:04 GMT January 26, 2011
eurusd
h4 chart.
middle bollinger band shows strong support
jerusalem kb 21:02 GMT January 26, 2011
eurusd
daily chart
Cambridge Joe 21:01 GMT January 26, 2011
EURUSD
Reply
FWIW... I'm seeing crossed SARs on the 1 hr eurusd chart.
This is a strong indicator eurusd going south...
Not immaculate... but a decent 'heads-up' is all.
Syd 21:00 GMT January 26, 2011
Rick Santelli,
Reply
Bill Gross, Pimco; Ken Volpert, Vanguard Funds portfolio manager; and CNBC's Rick Santelli, Bob Pisani, Erin Burnett & Steve Liesman.
http://www.cnbc.com/id/15840232?video=3000003149&play=1
THE first big federal political showdown for the year is looming, with Opposition Leader Tony Abbott vowing to fight a Queensland flood levy to be announced today.
Julia Gillard faces showdown on flood levy as Opposition vows to fight it
Roubini warns UK and eurozone are still vulnerable to double-dip recession
Nouriel Roubini, one of the few experts to predict the 2007 crash, admits fears after Bank of England governor Mervyn King issues stark message about Britain's economic health
Roubini said four big risks remained: the threat that the crisis would spread to Spain, which was "too big to fail and too big to save", the fact that Greece's debts made it effectively insolvent, the burden of bank debt that had been loaded onto state coffers in countries such as Ireland and the inability of the crisis countries to grow their way out of trouble.
Roubini said the lack of any "light at the tunnel" led to a risk of a social backlash in the eurozone.
LINK
Fed's Omission Of "$75B A Month" Could Be Telling: Strategist
Fed Often Gets It Wrong In Its Forecasts on US Economy
http://www.cnbc.com/id/41274795
Rexburg Stubbs 20:47 GMT January 26, 2011
EUR
And I'm looking at my charts and it shows that a short term down trend is to begin in no time flat.
Rexburg Stubbs 20:47 GMT January 26, 2011
EUR
nyc s 20:42 GMT January 26, 2011
I'm so sorry it hasn't rallied past 1.37 in any meaningful way over last few sessions. That is why my call for lower sounds like a broken record, but if you think about it.....and it won't be long now. Otherwise the bottoming call for silver was dead on bro.
nyc s 20:42 GMT January 26, 2011
EUR
Stubbs. It sounds like a broken record. One of these days you will be right. I hope I am on the train then.
Rexburg Stubbs 20:39 GMT January 26, 2011
EUR
It looks like eur is preparing for the surprise free fall.
Rexburg Stubbs 20:24 GMT January 26, 2011
EUR
nyc fh2nyc 19:36 GMT January 26, 2011
Hello dear friend. I do not know how low it will go but we'll know when we are there.
GVI Forex john 20:23 GMT January 26, 2011
GVI Forex Trading Support
from RBNZ statement...
“As noted previously, while interest rates are likely to increase modestly over the next two years, for now it seems prudent to keep the OCR low until the recovery becomes more robust and underlying inflationary pressures show more obvious signs of increasing.”
GVI Forex Blog 20:19 GMT January 26, 2011
Reply
AUD/USD and NZD/USD outlook next 24 hours: AUD/USD remains trapped in a broader 0.98 and 1.00 range and will meet sellers again today above parity. NZD will be dominated by the RBNZ meeting. The RBNZ will leave the OCR unchanged and reassert the message from the December Monetary Policy Statement that tightening is unlikely to resume before Q3 this year.
Forex - Morning Report (Westpac)
Tehran k.k 20:10 GMT January 26, 2011
Stubbs.
swiss yank, could you tell more about it?
dc CB 20:10 GMT January 26, 2011
Auction
final score. "good" weekly employment report tomorrow, which would lead thinking that next friday's monthly report will also be "good", could very well pop the 30y yield out of this sideways pattern. USD up? How will the market manipulators at the Worlds Biggest HedgeFund deal with this....being that stocks never go down, esp on POMO days.
POMOs tomorrow $4-6bln, Friday $7-9
Rexburg Stubbs 20:10 GMT January 26, 2011
Stubbs.
Swiss Yank 19:58 GMT January 26, 2011
That's a good point Yankee. This is why I think the concept of "trend" is generally bogus.
Madras Neo 20:05 GMT January 26, 2011
Time is up..
Reply
Buy USDCAD
Entry: 0.9953 Target: 1.0053 Stop: 0.9913
So now its time for ucad to rise .. :) gl n gt to all neo
Swiss Yank 19:58 GMT January 26, 2011
Stubbs.
The only true masters of identifying the beginning and the end of an upmove/dowmnove, or what you call a "trend" are those that control it purely by money . There are only 4 of these types" in the world that do it consistently. After the money move, it shows on the charts...so looking at charts is and will always be a 2 way bet for everyone outside this "circle"....sad but true.
Syd 19:55 GMT January 26, 2011
China Plans Path to Economic Hegemony
Reply
China would like to make the yuan one of the world's anchor currencies, forcing other countries to maintain reserves of Chinese money and providing significant advantages for Beijing. Yet the country cannot continue to keep the value of its currency artificially low if it hopes to become the world's dominant economic power.
They have made it to the heart of American capitalism. As of last week, the pioneers in China's race to the top have been displayed on a giant electronic billboard in New York's Times Square. For four weeks, the images of Chinese astronauts and athletes, their stars and the super-rich will appear 300 times a day in a giant advertisement for the People's Republic.
http://www.spiegel.de/international/business/0,1518,741303,00.html
This is what Ben Bernanke wants
Rexburg Stubbs 19:51 GMT January 26, 2011
Stubbs.
EUR has no recovery rallie like yesterday. It is a one way sell for a lower low then lower still.
Rexburg Stubbs 19:49 GMT January 26, 2011
Stubbs.
Southport DM 19:41 GMT January 26, 2011
I see your point and in fact fully agree that it is only after the fact that such analysis becomes useful (and is sold as such to 'splain away what already is known).
Thus, I wonder why people say "A trend is your friend" if it is not universally defined (think 10 analysts with 10 different interpretations), but rather quite uniquely personal.
The possibilities are endless...
Southport DM 19:41 GMT January 26, 2011
Stubbs.
Stubbs - so many different ways a chart can be interpretted - and only "after the fact" will we really know which one was right.
The chart shows a possible a-b-c-d-e correction.
It could be that we are now still in the d wave - which at the moment would have 1.4810 as a target BEFORE then falling to a target near 1.15
Sorry I could not label chart with a-b-c-d-e, so I trust you understand my meaning.
I fully understand your chart with the lower highs - lower lows.
But that would still be valid even if euro first went up from here to challenge 1.40 area.
In fact, the measured move target of the inverse S-H-S pattern happens to be 1.3996.
Good luck with the short euro/$ trade, but please consider that there are other possibilites.
to dr unken katt 19:40 GMT January 26, 2011
EUR
euro is up for correction i think
London SFH 19:36 GMT January 26, 2011
EUR
dil-these markets are thin and nervous -you could be right but it takes time and good money management,,gl/gt
nyc fh2nyc 19:36 GMT January 26, 2011
EUR
Stubbs friend, how low do you see EUR go? Thanks
Israel dil 19:32 GMT January 26, 2011
EUR
I was wrong about higher daily high
dc CB 19:31 GMT January 26, 2011
Auction
Big woof ...next batter
Rexburg Stubbs 19:27 GMT January 26, 2011
Stubbs.
London SFH 19:24 GMT January 26, 2011
This centers around how a "trend" is "universally" defined. If it simple to identify a "trend" before the after the fact, then it would be the risk free train ride to wealth for anyone who wanted it.
Rexburg Stubbs 19:24 GMT January 26, 2011
EUR
Perhaps the trend looking back in the future will reveal that this was a great place to short EUR?!
London SFH 19:24 GMT January 26, 2011
Stubbs.
Not really, i guess those that identify it get on the back of it for a few %....some trends are more obvious than others,but day traders dont usually get carried away with big picture trends..
Rexburg Stubbs 19:23 GMT January 26, 2011
EUR
Anyone see how EUR is to be sold here? It seems so obvious.
Rexburg Stubbs 19:22 GMT January 26, 2011
Stubbs.
London SFH 19:17 GMT January 26, 2011
So if the "trend" is only obvious after the fact then whatever people call a "trend" to make forward decisions is virtually and universally useless.
London SFH 19:17 GMT January 26, 2011
Stubbs.
Trends are pretty obvious with hindsight-thats why difficult to predict a turnaround-But Stub, who can deny stocks and Euro have for example have been in an uptrend? No-one- wish I saw them coming gl/gt
Rexburg Stubbs 19:09 GMT January 26, 2011
Stubbs.
Ind! Rafe... 18:15 GMT January 26, 2011
It seems as if you are trying to make a point of something other than what was discussed. The point is that trends ARE uniquely personal because not only are they defined differently from one to the next but they are interpreted differently as well.
Rexburg Stubbs 19:09 GMT January 26, 2011
Stubbs.
Ind! Rafe... 18:15 GMT January 26, 2011
It seems as if you are trying to make a point of something other than what was discussed. The point is that trends ARE uniquly personal because not only are they defined differently from one to the next but they are interpreted differently as well.
London SFH 19:08 GMT January 26, 2011
Gold
Reply
Hi ooozmeeh..I like your calls on Gold-I ahve been sort for a few days -looking to buy back below 1300 but so far a struggle...gl/gt
jerusalem kb 19:05 GMT January 26, 2011
usdchf
Reply
Buy USDCHF
Entry: 0.9470 Target: Stop: 0.9420
buy stop at place
hk ooozmeeh 18:58 GMT January 26, 2011
GOLD
Reply
27 month upward trendline ; 200EMA ; 4 month congestion
good and safe trades to all!
hk ooozmeeh 18:54 GMT January 26, 2011
gold is still within a 4 month congestion range, with still room for downward movement, but downward movement i expect wud be limited to a well respected 27-month strong upward trendline which closes in with the 200 EMA. good trades to all.
GVI Forex Blog 18:28 GMT January 26, 2011
Reply
Gold (a daily chart of which is shown) as of Wednesday (1/26/2011) has descended to approach a confluence of key support within the context of a strong bearish trend
Gold Drops to Key Support Confluence
Ind! Rafe... 18:15 GMT January 26, 2011
Stubbs.
Reply
I cannot discuss your point any further in which you mention the primary trend being personal and not universal but I can see right through you to your desk.
Rexburg Stubbs 17:50 GMT January 26, 2011
The "universal" trend is not personal at all.
It's how you look at it, like for example like you would a mirror as it is, when your looking at a mirror... or is it looking back at you and reflecting a true picture?
what if the result is faulty? are you going to wipe the front face of the mirror or coat the back of it? In other words a dancer that cannot dance will say the floor board is faulty.
I did not think of all this universal/primary trend stuff a few years ago but knowing it made me better, personality wise and in terms of analysis too which in turn made me more humble and it repeats etc.
dc CB 18:10 GMT January 26, 2011
Auction
captain, they've taken back all you won yesterday. You're up at bat next...knock it out of the park Benno, save the day 4.3 4.3 4.3 4.3 yeh team
dc CB 18:05 GMT January 26, 2011
Auction
Reply
$35 bln 5-yr Note Auction Results: 2.041% (Expected 2.061%); Bid/Cover 2.97x (Prior 2.61x, 12-auction avg 2.76x); Indirect Bidders 45% (Prior 39.2%, 12-auction avg 42.7%)
I guess that big POMO buy back yesterday of the last 5y auction brought out the biddas
Cambridge Joe 18:02 GMT January 26, 2011
X-Ray Specs !
Reply
With my X-Ray specs... I see USDCHF south bound .. leaving the station ... about now !
Wooo Wooo !
Rexburg Stubbs 18:01 GMT January 26, 2011
EUR
Ind! Rafe... 17:59 GMT January 26, 2011
No idea what you said there but I'm sure it was something.
Interpret trends how you feel best. Have a good one!!
Ind! Rafe... 17:59 GMT January 26, 2011
EUR
Rexburg Stubbs 17:54 GMT January 26, 2011
Excluding the year, the date is January, 26.
i.e. Primary is January (monthly), intermediate is 26 in the last week of the month,(weekly), date today(26, daily), time is smaller oscillations 17:54.
Rexburg Stubbs 17:56 GMT January 26, 2011
EUR
Ind! Rafe... 17:53 GMT January 26, 2011
I'm more than confident that you know that chart is a weekly chart from July 2008 until now.
Have a good one.
Stubbs out.
Rexburg Stubbs 17:54 GMT January 26, 2011
EUR
My apologies for so many posts. I was only attempting to reply when asked.
Have a nice day everyone.
Bye-
GVI Forex Jay 17:54 GMT January 26, 2011
EUR
Good discussion as we wait for the FOMC decision. It shows how traders can view the same charts in different ways. What I would suggest is to add this to your posts if relevant so they can be viewed in the time frame you are using.
Ind! Rafe... 17:53 GMT January 26, 2011
EUR
Rexburg Stubbs 17:51 GMT January 26, 2011
Answer the question Stubbs. What is the date and time where you are now. I will demonstrate a point with your answer, and another with your second to last post.
Rexburg Stubbs 17:51 GMT January 26, 2011
EUR
Ind! Rafe... 17:49 GMT January 26, 2011
I'm not trying to be sneaky or anything Rafe. Honesty is the only policy. The chart shared is simply a weekly candle chart.
Hillegom Purk 17:50 GMT January 26, 2011
EUR
Stardate?
Rexburg Stubbs 17:50 GMT January 26, 2011
EUR
Ind! Rafe... 17:44 GMT January 26, 2011
My understanding of this, after various folks contributing and discussing, is that the primary "trend" has become uniquely personal, not universal. Textbooks or not, in the end it is all about performance.
Ind! Rafe... 17:49 GMT January 26, 2011
EUR
Rexburg Stubbs 17:43 GMT January 26, 2011
Stubbs// I'll ask you a question which you'll need to answer honestly.
What date and time is it there where you are?
nyc bankall 17:45 GMT January 26, 2011
EUR:
But I'm not referring to the trendline, which was actually first broken in 2005. The general price trend is UP since the 0.8225.
Ind! Rafe... 17:44 GMT January 26, 2011
EUR
Rexburg Stubbs 17:41 GMT January 26, 2011.
Our discussion was about primary trends for which you thanked us both despite 1 decline, and we would all like you to discuss further so we can end the confusion on the direction of the primary trend.
We like to discuss valid technical and textbook points on the forum because we want to learn from the gurus.
Rexburg Stubbs 17:43 GMT January 26, 2011
EUR
People speak universally of "trend" or "the trend" in casual conversations yet the only universal understanding "trend" is that there is no universal understanding of "trend".
Rexburg Stubbs 17:41 GMT January 26, 2011
EUR
Ind! Rafe... 17:39 GMT January 26, 2011
Some might say that is the "intermediate" trend.
Give a chart to 10 people and get back 10 different interpretations of "trend".
That is my point.
Ind! Rafe... 17:40 GMT January 26, 2011
EUR
sorry exclude higher high from my paragraph it should read higher lows and higher closes.
Ind! Rafe... 17:39 GMT January 26, 2011
EUR
Rexburg Stubbs 17:15 GMT January 26, 2011
I also see a higher low and higher high starting from October until now with this months low being a false breakout due to confusion at the lowest level (12873). We have also had higher closes (12968, 13365) since October, so how do you know the trend has not changed from down to up being faced with this scenario?
Rexburg Stubbs 17:37 GMT January 26, 2011
EUR:
nyc bankall 17:34 GMT January 26, 2011
Broken
Rexburg Stubbs 17:35 GMT January 26, 2011
EUR
GVI Forex Jay 17:26 GMT January 26, 2011
Thanks Jay. I appreciate your commentary. That is why I think empty trading phrases without reference really make no sense i.e. "trend is your friend". One can always argue against your "trend" when they are looking at a different "trend". Maybe that is why one great trader once said that he does not predict a nonexisting future.
nyc bankall 17:34 GMT January 26, 2011
EUR:
Reply
Rexburg Stubbs 17:15 GMT January 26, 2011
And what does the trend look like since the low of circa 0.8225?
GVI Forex Jay 17:26 GMT January 26, 2011
EUR
Stubbs. If I can join in, I see what you are looking at and 1.4282 is the key for you then but not the time frame I am trading. So we can agree on the chart but not on the bias. This is what makes a market, traders trading different time frames.
Rexburg Stubbs 17:15 GMT January 26, 2011
EUR
I see textbook lower highs and lower lows as the primary trend. Is this not "trend"?
HK Kevin 17:06 GMT January 26, 2011
USD/CHF : Current Comments
Richland QC Mailman 16:58 GMT, you are not alone. I also joined in the long camp near today's low (havn't posted this trade).
Richland QC Mailman 16:58 GMT January 26, 2011
USD/CHF : Current Comments
Ok folks. could be the lone voice in the wilderness but I guess we are sticking to our view that usd/chf is a buy for as long as intraday lows hold. Still have our longs intact.
Rexburg Stubbs 16:57 GMT January 26, 2011
EUR
Thank you both. I see primary downtrend from 1.60 and failed lower rallie highs at each major peaks. Intermediate trend from last few sessions since beginning of year looks like a textbook wavelette against the tide.
Ind! Rafe... 16:56 GMT January 26, 2011
EUR
ldn dealer 16:53 GMT January 26, 2011
i thought you'd chip in something too that is why i started composing my response to the question...lol
ldn dealer 16:53 GMT January 26, 2011
EUR
Rafe answered for me. tku
Ind! Rafe... 16:53 GMT January 26, 2011
USD/CHF : Current Comments
kl fs 16:44 GMT January 26, 2011.
Long story, but we call him Q sometimes surely not qindex, we also call him Dr.Q but lovingly but never qindex.
Rexburg Stubbs 16:51 GMT January 26, 2011
EUR
ldn dealer 16:48 GMT January 26, 2011
It is not to lure you into a debate. If you know what "trend" the majority trade then please say it. As mentioned, I see lower lows, which I think is mentioned in that textbook. A simple answer is all that is requested. Thanks in advance for your time.
Ind! Rafe... 16:50 GMT January 26, 2011
EUR
Rexburg Stubbs 16:36 GMT January 26, 2011.
Don't mean to cut in on this one but people don't trade trends they lose money in em' because they don't take into consideration that there is only a primary, intermediate, and minor trend but to get the matter down right there is only 1 true trend which is the primary one, but many "trend cycles or vibrations" within that primary trend within which others consider with many different time frames.
To demonstrate the pooint just pluck a taut rubber band, there is 1 band but many vibrations which come as a consequence of plucking the band.
ldn dealer 16:48 GMT January 26, 2011
EUR
I have no interested in being lured into a debate but would be glad to send you a technical textbook.
GVI Forex Blog 16:47 GMT January 26, 2011
Reply
EUR/USD was off two-month highs moving into the European equity closed as traders squared positions ahead of the FOMC decision.
TradeTheNews.com US Market Update
Rexburg Stubbs 16:36 GMT January 26, 2011
EUR
ldn dealer 16:32 GMT January 26, 2011
Can you please tell me what "trend" most folks trade? I am interesting in observing what the majority do. However, unlike a democracy, the majority who vote in the financial markets do not make money. The greater the consensus, the greater the loss.
Ind! Rafe... 16:36 GMT January 26, 2011
USD/CHF : Current Comments
kl fs 16:33 GMT January 26, 2011
Dr Qindex, he is a PhD, give him that respect when you refer to his name.
no offense
tia.
gl gt
ldn dealer 16:34 GMT January 26, 2011
EUR
By the way there is nothing free in this business. Every gain is hard earned.
kl fs 16:33 GMT January 26, 2011
USD/CHF : Current Comments
wow even Qindex is backing up the sell usdchf trade with his analysis. What else are you waiting for guys? short usdchf around this 0.9440 level, good selling action on any approach to 0.9450
ldn dealer 16:32 GMT January 26, 2011
EUR
Then it depends on the time frame you choose to trade. There have been higher lows and highs since the second week of this year. I prefer the trend that most trade. As you say different strokes for different folks.
Rexburg Stubbs 16:31 GMT January 26, 2011
EUR
"The trend is your friend" sounds as useful as the "Buy and hold" campaign heavily sold by money managers in the 90's and into the early 2000's until...
Hong Kong Qindex 16:30 GMT January 26, 2011
USD/CHF : Current Comments
Reply
USDCHF
Entry: Target: Stop:
USD/CHF : The odds are good that the market will tackle the supporting point at 0.9391.
Monthly Cycle Directional Indicator : 0.8888* - 0.9246 - [0.9391]* - 0.9558 - 0.9569 - 0.9658 - 0.9661 - [0.9855] - 0.9864 - 1.0090 - 1.0186* - [1.0856]
USD/CHF : Monthly Cycle Charts
http://www.qindex.com/chf.html
jerusalem kb 16:28 GMT January 26, 2011
sell audcad
Reply
Sell AUDCAD
Entry: 0.9905 Target: 0.9810-open Stop: 0.9975
sold
Rexburg Stubbs 16:27 GMT January 26, 2011
EUR
ldn dealer 16:12 GMT January 26, 2011
Interesting theory. What is the definition of trend and how is it used for free pips?
When I look for the "trend" I see lower and lower highs from 1.60 range which to me is a down "trend". Maybe definition of "trend" is elusive? And at what point does the past NOT continue into the future and when do you know it?
London SMS 16:17 GMT January 26, 2011
Bought Silver
Added to long @ 26.75 - and will keep adding down to stop @ 24
----------
Bought Silver : Reply
added more @ 27.25
London SMS 13:50 GMT January 24, 2011
Bought Silver : Reply
Buy OTHER
Entry: 27.40 Target: 30 Stop:
Entering for a long term.
Ind! Rafe... 16:16 GMT January 26, 2011
EUR
ldn dealer 16:12 GMT January 26, 2011
or until it bends...lol
ldn dealer 16:12 GMT January 26, 2011
EUR
Reminder
Trend is still your friend (until it becomes the enemy)
GVI Forex john 16:06 GMT January 26, 2011
GVI Forex Trading Support
CALENDAR
Entry: Target: Stop:
January 26 (global-view.com) UPCOMING DATA HIGHLIGHTS for Thursday, January 27:
- Far East: JP- Trade.
- Europe: GB- Distributive Trades.
- North America: US- Weekly Jobless Claims, Durable Goods, Pending Homes Sales, Natural Gas, 7-yr Auction.
Updated: Trading Events Calendar
London ex 16:05 GMT January 26, 2011
EUR
Stubbs- Interesting observation. I think you may be right here. We just failed at 1.3700~ again.
Certainly stops on both sides of this line certainly have to be building. Just looking for a catalyst? Or maybe the EUR bulls have gone to the well one too many times?
jerusalem kb 15:53 GMT January 26, 2011
eurusd
watch out 1.3740 .
sell order at 1.3780 is still valid
Rexburg Stubbs 15:53 GMT January 26, 2011
EUR
Richmond Hills 15:45 GMT January 26, 2011
Price at the top of the box with massive offers loading in. This is a good opportunity for you to focus and sell short.
GVI Forex Blog 15:46 GMT January 26, 2011
Reply
USD/CHF (a 4-hour chart of which is shown) as of Wednesday (1/26/2011) has dropped down to establish support at the 0.9400 price region. This occurs after price action formed a rough head-and-shoulder
USD/CHF Targets All-Time Low
HK Kevin 15:45 GMT January 26, 2011
EUR/CHF
Reply
Just hit the bottom of a EUR/CHF long position at 1.2892, stop below yesterday's low.
Rexburg Stubbs 15:45 GMT January 26, 2011
EUR
When I see the eur charts there seems to be massive resistance building with offers mounting near and just above the figure. DYOD
hk ooozmeeh 15:39 GMT January 26, 2011
GOLD
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
----
accumulating long gold @ 1325 (pending order..) gt
Rexburg Stubbs 15:37 GMT January 26, 2011
EUR
It would seem that the offers are now stacking against eur
kl fs 15:26 GMT January 26, 2011
sell usdchf
Reply
1hr action suggests usdchf is a sell on any approach to 0.9450
GVI Forex john 15:23 GMT January 26, 2011
What's the buzz?
- Be careful about rosy media reports about New homes sales. They are still running roughly at all-time lows for the series (post-WWII). Further gains would be welcomed but we are running at an annual rate of 25-35% of where we should be.
- EURUSD lacking demand so far today. Major EUR crosses are mixed to weaker.
- Gold, Silver and oil are mixed. Same for the commodity currencies (AUD,CAD, NZD).
- Oil inventories shortly...
Israel dil 15:22 GMT January 26, 2011
EUR
i also think that PURK is very close to the place action taking place about EURO currently :-)
jerusalem kb 15:22 GMT January 26, 2011
eurusd
Reply
EURUSD
Entry: Target: Stop:
place a support trend line on 1hr from 20-1low passing through25-1 low then..
wait for on time call
Israel dil 15:20 GMT January 26, 2011
EUR
higher high than 1.3723 and also lower low after it today and/or lower weekly low if EURO is about to go 1.2 handle again. we will see :-)
Rexburg Stubbs 15:18 GMT January 26, 2011
EUR
Richmond Hills 15:14 GMT January 26, 2011
I'm not going to say you are wrong after the fact (like your small rallie wiggle hihihi). I'll just say it now. EUR is to be sold.
jerusalem kb 15:17 GMT January 26, 2011
EURCHF
cancled
jerusalem kb 15:15 GMT January 26, 2011
GBPUSD
sl now at 1.5830
Richmond Hills 15:14 GMT January 26, 2011
EUR
I'm to say you are totally wrong, rebound is faster than you think, don't dream EUR1.2777
GVI Forex john 15:10 GMT January 26, 2011
GVI Forex Trading Support
New Homes Sales, Starts and Permits...
New homes considerably stronger than forecast, but still at an exceptionally low level...
Blue line is New Homes Sales.
Rexburg Stubbs 15:08 GMT January 26, 2011
EUR
Just woke up and see a lovely decline. More directional selling to come.
Mtl JP 14:59 GMT January 26, 2011
GVI Forex Trading Support
new house sales expected at 300K
market direction and magnitide reaction will depend on deviation from it
GVI Forex Jay 14:57 GMT January 26, 2011
Tech Talk
As I noted earlier, The intra-day low is 1.3656, suggesting 1.3650 is pivotal as well in keeping the focus on 1.37+.
Low so far 1.3653.
Lahore FM 14:22 GMT January 26, 2011
-- Trade Ideas --
Buy USDCAD
Entry: Target: 1.0100 Stop:
can get to 1.0100 from 0.9960 current.
GVI Forex john 13:57 GMT January 26, 2011
GVI Forex Trading Support
EVENT @ 15:00 GMT
New Home Sales
IMPACT = MEDIUM
New Home Sales record sales of U.S. newly constructed residences. The U.S. Census Bureau publishes New Home Sales statistics monthly.
Ind! Rafe... 13:51 GMT January 26, 2011
For HK RF.
Reply
HK RF@ 13:27 GMT January 26, 2011
Who Dares Wins : -
This motto represents the importance of courage, resourcefulness and the guts to try new ways - for accomplishing successfully operations which are thought to be impossible.
Try this for a booster mate.
kl fs 13:33 GMT January 26, 2011
GBP/USD GOLD
follow revdax, sell usd and wear diamonds later this year!
DX is making a nice down trend
GVI Forex john 13:29 GMT January 26, 2011
What's the buzz?
WHAT'S THE BUZZ?
Entry: Target: Stop:
- After they ran stops at 1.3720 earlier in EURUSD trade has turned mixed.
- EUR mixed on its major crosses. Watch them. They set the tone.
- In crude oil $88.38 50-day moving average has been key. 100-day average is distant at $84.70. Last $86.70. +0.48.
- Fixed Income prices are being marked down (higher interest rates) into the 5-yr auction later today.
HK RF@ 13:27 GMT January 26, 2011
GBP/USD GOLD
Reply
That pair is still keeping the cards near the chest, but looks like eventually a bulltrend will emerge.
Market wants you out and hesitating.
Gold to reach a buying point with a S/L close to it.
The next 8$ down are interesting for a buy, though gold may drop even below the recent 1322 low.
No reason why gold will not climb from here back to it's 1424 HI
Gen dk 13:04 GMT January 26, 2011
Reply
Trading Signals Updated:
CLICK HERE for more Gen dk information
Ind! Rafe... 12:52 GMT January 26, 2011
EURUSD
Reply
EURUSD : - 13721 was pivotal in my model and it has been touched to the pip exact then a 40 pip rejection which signifies that it is a heavy resistance/support point at that level 13773-13846 should suffice for the rest of the week other wise 13956 would be a shorting area.
Richland QC Mailman 12:46 GMT January 26, 2011
-- Trade Ideas --
Planted a couple of usd/chf longs 9430's.
GVI Forex Blog 12:25 GMT January 26, 2011
Reply
The eur/usd has extended its high to take out a rumored 1.3720 DNT option barrier but faces a potential tough zone at 1.37-1.38 even though there are only a few chart points worth noting
Tech Talk - EUR/USD 1.37-1.38 Could Be Tough
Ireland 12:25 GMT January 26, 2011
Irish Vote
Reply
IRISH GOVT WINS FIRST VOTE ON FINANCE BILL WITH 80 VOTES TO 78
Mtl JP 12:17 GMT January 26, 2011
Tech Talk
Jay - market pundits ignored China's help euro yik-yak. Now Euro sceptics and other euro predjudiced players got their panties jammed up their donkey-crack. Going forward key metric is how many of the "the dwindling bear camp" Euro shorters are still wiggling alive in the battlefield trenches after the last two-week attack on them to mount new and additional short plays.
The big players can sit back without aggressively pushing the euro further up as they enjoy the mayhem on the field and watch the shorts nursing their wounds.
GVI Forex john 12:12 GMT January 26, 2011
GVI Forex Trading Support
From GVI Earlier...
GVI Forex john 10:55 GMT January 26, 2011
Calendar today has a lot of items but not a lot that matters. New homes sales are a very small number. The 5-yr auction and Fed decision are key. In the case of the Fed, its the language that matters.
Later in the NY afternoon sees the RBNZ policy decision (seen unchanged).
GVI Forex Jay 11:58 GMT January 26, 2011
Tech Talk
12:00 GMT (Global-View.com) January 26 -The eur/usd has extended its high to take out a rumored 1.3720 DNT option barrier but faces a potential tough zone at 1.37-1.38 even though there are only a few chart points worth noting in this region. These levels however, are significant at 1.37445 (61.8% of 1.4282-1.2875) and 1.3786 (key Nov 22 high). For the dwindling bear camp, the 61.8% level is significant in maintaining hope that the sharp rebound off 1.2875 is still a retracement. The 1.3786 level is significant as it protects the pivotal 1.38 level with a void of key levels above it until 1.40 and 1.4282. On the downside, there are no significant levels worth noting until sub-1.36 so keep an eye on 1.3685-1.3703 as above it would be needed to suggest a run at the 1.3721 intra-day high and the levels cited above. There is currently minor support at 1.3680. The intra-day low is 1.3656, suggesting 1.3650 is pivotal as well in keeping the focus on 1.37+.
London Misha 11:58 GMT January 26, 2011
Observations
Reply
EURUSD - Possible Bullish Harami on Daily Chart. Third Close over the 50% Fib of the Nov-Jan move!
USDJPY - Black Crow on the Daily Chart.
GBPUSD - Big Key Reversal Down on the Daily Chart!
USDCHF - Three Black Crows on the Daily Chart.
EURGBP - Big Opening White Marubozo on the Daily Chart! First close over the 50% Fib of the Oct-Jan move!
EURJPY - Second consecutive Doji on the Daily Chart. Third close over the Long MA.
USDCAD - Key Reversal Up on the Daily Chart!
AUDUSD - Doji, possibly a Bullish Doji on the Daily Char
to dr unken katt 11:49 GMT January 26, 2011
GBP Resilience?
A crucial finance bill is going to the vote in the Irish Republic, with doubts over the minority government's ability to muster a majority.
Three independent members of the Dail (parliament) have not said they will back the bill, a key commitment under Ireland's international bail-out.
If the bill does not pass, the government will fall, the Irish state broadcaster RTE reports.
London SFH 11:47 GMT January 26, 2011
GBP Resilience?
Stg has weakened over the past three weeks against most crosses so cant see how it appears overbought?
to dr unken katt 11:40 GMT January 26, 2011
GBP Resilience?
yea irrational behavior
London Mick 11:40 GMT January 26, 2011
GBP Resilience?
SMS to answer your question. The same reason eurusd is not 1.25.
GVI Forex Blog 11:25 GMT January 26, 2011
Reply
The euro hit a two-month high versus the dollar on Wednesday on perceptions that interest rates will rise sooner in the euro zone than in the U.S., taking out option barriers on the way and approaching key resistance.
FOREX NEWS - Euro boosted on rate view; nears key resistance
London SMS 11:21 GMT January 26, 2011
GBP Resilience?
Reply
I've been itching to sell GBP since December but, aside from yesterday's brief drop, it appears to have been over bought! Can anyone explain why on earth this is happenning? It's up 5 big figs this month against the CHF albeit from a big low. So what am I missing here - why isn't cable 1.45? Is the whole market being contrary lol?
sofia kaprikorn 11:16 GMT January 26, 2011
Short EUR/USD
guess if tonight FOMC comes with hawkish language what happens to all USD Bears...
markets are driven by predators luring the little prey go the way where they could be most hurt and then...
GVI Forex john 10:59 GMT January 26, 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.
tokyo ginko 10:35 GMT January 26, 2011
Short EUR/USD
Reply
Sell EURUSD
Entry: 1.3710 Target: Stop:
cannot resists this level to short.
GT all
HK RF@ 10:35 GMT January 26, 2011
GBP/USD
Reply
As I warned here the big players didn't want you to buy GBP/USD (some of you may have even shorted).
GBP/USD is a bull in the making by those robbers, so "What is the BUZZ" though very nice and logical view, didn't impress me too much.
In fact I suspect GBP has even a bigger potential to appreciate than EUR/USD.
THUS Follow the pair make your own analysis and GL/GT . Now take arest. BYE!!!
GVI Forex Blog 10:33 GMT January 26, 2011
Reply
11:00 GMT (Global-View.com) January 26- Trade in Europe has seen a short-lived spike in the GBP following a 7 to 2 vote at the most recent BOE meeting to hold rates steady.
Daily GVI Forex Forex View- BOE Minutes Out
Gen dk 10:29 GMT January 26, 2011
Reply
Trading Signals Updated:
CLICK HERE for more Gen dk information
GVI Forex john 10:25 GMT January 26, 2011
Tech Talk
I hope whoever wrote that option was paid a lot. When I first saw it yesterday, it seemed like a lot of risk for an extended period on a fairly narrow band from its mid-point.
GVI Forex Jay 10:15 GMT January 26, 2011
Tech Talk
Caba, good catch (you are sharper than I am this time of the moening), when I started the post the high was 1.3716. I show 1.3721 as the high now so mission accomplished to kick out that DNT barrier. The eur/usd closed at 1.3382 on Jan 18 when that option was put on.
philadelphia caba 10:12 GMT January 26, 2011
Tech Talk
have already 1.3723 high on my platform
GVI Forex Jay 10:04 GMT January 26, 2011
Tech Talk
I posted this yesterday morning on GVI Forex and the 1.3720 barrier is so far putting up a defense.
GVI Forex Jay 12:06 GMT January 25, 2011
EUR/USD DNT: Reply
A friend just sent me this and is worth noting:
There's a 1.2660-1.3720 DNT that was put on, on the 18th of January for a EUR 10 mio payout. It expires 18th april 2011.
Richland QC Mailman 09:53 GMT January 26, 2011
GBP/USD
Ok 1 lot sold gbp/usd 1.5821 on speculation 1.5740 will be breached later.
India 09:51 GMT January 26, 2011
Eur/USD signals
Reply
Buy EURUSD
Entry: 1.3620 Target: 1.3700 Stop: 1.3580
It's a mixed day for the pair and also have some important news releases slated for the day. Watch out and proceed with caution.
Buy on a dip to the 1.3620 level for 80 pips (OR)
Sell from a pullback around 1.3730 (aggressive) or 1.3790 for 60-80 pips.
You can set a SL of 40 in all cases. These signals are basically for the intra-day traders and others can exit at much earlier levels having made a profit of about 20, 40 or 60 odd pips even.
HK RF@ 09:45 GMT January 26, 2011
What's the buzz?
All is correct, but GBP/usd wraps in it a big potential bull, with no connection to the fundamentals.
Looking complicated and lousy?
First signal of return of the bull is, let's say 10 points above today HI.
More conservative? wait for further signals.
GL/GT
Richland QC Mailman 09:42 GMT January 26, 2011
JPY
OK we are in usd/yen 82.16 stop 81.95
GVI Forex john 09:41 GMT January 26, 2011
What's the buzz?
- GBP spikes higher initially on BOE minutes as concern about inflation come to the fore.
- Subsequently (yesterday) we saw negative GDP growth in 4Q10. The initial GBP surge has abated.
- Its hard or us to imagine an aggressive BOE tightening anytime soon.
HK RF@ 09:39 GMT January 26, 2011
GBP/USD
Big players are signalling the smalls don't enter long GBP because they will take the meat from the table. Want to be safer wait for some time more for a clearer signal in exchange of some possible profit.
Richland QC Mailman 09:33 GMT January 26, 2011
GBP/USD
GBP really a tough customer to deal with. Enter at your own risk.
GVI Forex john 09:33 GMT January 26, 2011
GVI Forex Trading Support
-- ALERT --
U.K. BOE Minutes
Policy vote 7 to 2 on interest rates.
7 steady 2 for a rate hike.
8 to 1 to maintain GBP 200 bln asset purchase program.
to dr unken katt 09:29 GMT January 26, 2011
GBP/USD
BOE minutes in 2 min
HK RF@ 09:25 GMT January 26, 2011
Gold may herald the next move.
Reply
Bouncing from a critical support at about 1325, may herald a new bull market for gold, and a bearish USD.
Scrap this view once gold will break below 1300.
Did "selling" traders fell victims to bearish propaganda of some analysts? This remain to see.
Richland QC Mailman 09:23 GMT January 26, 2011
JPY
Hi DS. Before even speculating a dip towards 80 and even 74'sh, market should tackle first 82 - 81.95 which is proving to be a pivotal point and has so far held. Who is joining me in buying at current price?
Madras Neo 09:22 GMT January 26, 2011
BEfore the correction
Reply
Buy EURUSD
Entry: 1.3691 Target: 1.3765 Stop: 1.3671
Expecting eu to go up massively in another couple of hrs before its correction starts taking place..GL Gt to all Cheers.. Neo
to dr unken katt 09:13 GMT January 26, 2011
GBP/USD
it looks like tp 5500 on 4hr
HK RF@ 09:09 GMT January 26, 2011
GBP/USD
Reply
Most lousy looking currency for the moment, but an upward-Jerk of 50pips may change the whole picture.
Richland QC Mailman 09:08 GMT January 26, 2011
-- Trade Ideas --
HI folks. Could not ignore technical structure of this pair. First time to buy this pair 9440 this year and joined FM. Let us see what happened to this after 2 weeks to 1 month?
Lahore FM 08:52 GMT January 26, 2011
-- Trade Ideas --
Sell AUDUSD
Entry: 0.9985 Target: Stop: 1.0030
earlier short 0.9991 was stopped for 2/3rds at entry and 1/3rd gave 75 + pips with partial close at 0.9916 yesterday.
to dr unken katt 08:48 GMT January 26, 2011
-- Trade Ideas --
euro is bangin 3700 like invisible ceiling , weekly stox at max
100%
Lahore FM 08:48 GMT January 26, 2011
-- Trade Ideas --
Buy EURCHF
Entry: Target: Stop:
eurchf 4 h back on track for resumption higher.
Lahore FM 08:45 GMT January 26, 2011
-- Trade Ideas --
Buy USDCHF
Entry: 0.9450 Target: 0.99 Stop: 0.9410
long here too.
Lahore FM 08:43 GMT January 26, 2011
-- Trade Ideas --
Sell EURUSD
Entry: 1.3688 Target: 1.3380 Stop: 1.3715 bid
sold.
Israel dil 07:50 GMT January 26, 2011
EUR/USD
between 11:00-13:00 GMT today all EUR/USD long positions with me are planned to get flat with bias and plans to turn short EUR/USD.
good trading to all and see you all later this week :-)
Syd 07:24 GMT January 26, 2011
Euro at $1.20 Mid-Year, More Volatility for AUD
Reply
The Aussie looks good long term as a proxy for Asia, says David Mann, head of research, Americas at Standard Chartered Bank. But he is concerned that broader U.S. dollar strength in the first half could hurt the Aussie. He looks at the majors, with CNBC's Martin Soong, Karen Tso and Adam Bakhtiar.http://www.cnbc.com/id/15840232?video=1766635288&play=1
German deputy finance minister Jorg Asmussen says nation will preserve debt safe haven status
Germany will do all that is necessary to preserve the status of its debt as a safe haven, a senior official pledged on Tuesday, amid investors' fears that the country's efforts to preserve the euro is polluting its own credit rating.
http://www.telegraph.co.uk/finance/economics/8281810/German-deputy-finance-minister-Jorg-Asmussen-says-nation-will-preserve-debt-safe-haven-status.html
Israel dil 07:10 GMT January 26, 2011
USD/JPY
Reply
Buy USDJPY
Entry: Target: 83 Stop:
now Wednesday 26-JAN-2011 07:00 GMT
the only question regarding USD/JPY to hit 83 remains, will that happen with 28-JAN-2011 or 31-JAN-2011 value date.
to dr unken katt 06:57 GMT January 26, 2011
JPY
and therefore i think euro is reversing today , seems to be contained at 3700
Syd 06:57 GMT January 26, 2011
Gold Falls to 3-Month Low as 'Hot Money' Heads for Exit
Reply
.S. traders awoke to an interest rate hike from the Reserve Bank of India that will likely reduce physical demand for precious metal from Indian consumers and send investment away from the Indian equity market. In China, the Shanghai Interbank Offered Rate has been increasing steadily, adding to hikes in other rates there and concern that the engine of commodity growth is slowing down. But this change in sentiment didn't just happen today. For the past few weeks, the talk on proprietary trading desks and in the commodities trading pits at the New York Mercantile Exchange has been about for major hedge funds unwinding positions in gold and other commodities. That talk has been substantiated by actual trade data from the CFTC showing speculators' long positions in gold declining for the past three weeks, now at the lowest level since mid-2009.
http://www.cnbc.com/id/41257569
to dr unken katt 06:49 GMT January 26, 2011
JPY
based on my observations g/y usually leads the pack
1st reverses euro follows ,
Hong Kong 06:42 GMT January 26, 2011
EUR/USD Intra-day signal by AceTrader
Reply
EURUSD
Entry: Target: Stop:
INTRA-DAY EUR/USD OUTLOOK
Last Update At 26 Jan 2011 04:28 GMT
Rate : 1.3695
Although euro has risen after meeting renewed
buying earlier at 1.3661 in Asian morning, abv o/n
NY 1.3705 high is needed to extend recent erratic
rise to 1.3730/40, near term 'loss of momentum' has
increased risk of a correction later today.
Buy on pullback for 1.3710 or sell if euro rises
to 1.3730 1st for 1.3695. Below 1.3661, 1.3630/33.
Range Forecast
1.3675 / 1.3705
Resistance/Support
R: 1.3705/1.3739/1.3786
S: 1.3661/1.3633/1.3600
http://www.acetraderfx.com
BERN DS 06:24 GMT January 26, 2011
JPY
Reply
with the continuing dollar collapse, which NOBODY nearly here in this forum likes... (but it is a strong trend in my analysis)... the JPY will become the spotlight now or soon.... break of 8000 expected , then down to 7400 in a straight line... have fun all and good luck... thanks for all comments here, really helpful for me !
van Gecko 05:57 GMT January 26, 2011
EURUSD~>1.26~>1.18->1
GBP flashing good February Flop form with nice warm up summersaults from 1.60.. expect more to come with double reverse head butt dives against 1.59.. EURO warming up at the 1.36 spring board.. could out dive cousin GBP should GBP continue to tease with 1.59~1.57 flops while EURGBP retreat from .86
Cairo Hesham 05:51 GMT January 26, 2011
Will Tunisia Be The First Domino? - Anwar Ibrahim
I couldn't go with my wife to deliver her to her work because of the demonstrations here. She is a doctor working in a hospital. Who will take care about the sick people here?
Cairo Hesham 05:43 GMT January 26, 2011
Will Tunisia Be The First Domino? - Anwar Ibrahim
To HF-: U r kidding and the protests here are killing people. We are now without president. There is no available man can help Egypt. Islamic groups like Islamic brotherhood will jump on the chair and make a lot of troubles to Egypt.
Thank u Dil: Pray for us
Israel dil 05:35 GMT January 26, 2011
Will Tunisia Be The First Domino? - Anwar Ibrahim
take care Hesham, I can understand your fear for yourself, family and friends. after being roughly 30 years in political power, it is obvious that corruption and misuse of powers will come on the surface during tough economical times and popular forces to demand the heads of those running the country. Hesham, look back into the welcome ceremonies to extreme Islam clerics in Tehran then and the stand of the Iranian nation now. stay our good neighbors and don't turn into an enemy again. take care guys and may peace and harmony to rule Egypt.
HK RF@ 05:34 GMT January 26, 2011
Will Tunisia Be The First Domino? - Anwar Ibrahim
Suzanne Mubarak of Egypt has fled to Heathrow airport in London: unconfirmed reports
Non sense!!! She just went for some shopping, will be back soon after spending peoples money.
Syd 05:30 GMT January 26, 2011
Bank losses could be 'larger' than expected
Reply
LOAN LOSSES at the banks may be “a little larger” than was expected under the new regulator’s first round of stress tests last year, governor of the Central Bank, Patrick Honohan, has said.
LINK
Independent TDs demand changes to Finance Bill for support
THE FATE of the Finance Bill rests in the hands of three Independents who have threatened to withdraw their support for the Government unless the legislation is changed.
LINK
Cairo Hesham 05:08 GMT January 26, 2011
Will Tunisia Be The First Domino? - Anwar Ibrahim
Read this article about the situation here in Egypt: http://www.ibtimes.com/articles/104960/20110125/suzanne-mubarak-of-egypt-has-fled-to-heathrow-airport-in-london-unconfirmed-reports.htm
Please pray for us to overcome that terrible violation.
Syd 04:00 GMT January 26, 2011
Will Tunisia Be The First Domino? - Anwar Ibrahim
Reply
Tunisians earlier this month forced their president out of office, marking the first popular revolution in an Arab country in modern history. The swiftness with which it came about should send a clear message to other autocracies and dictatorships in the Muslim world.
http://online.wsj.com/article/SB1000142405274870355580457610234
3246718046.html?mod=googlenews_wsj
Syd 03:53 GMT January 26, 2011
INTERVIEW: Fitch Ratings Keeps New Zealand Downgrade On The Table
Reply
Fitch sovereign analyst Andrew Colquhoun said the measures would tend to boost domestic savings and help the rebalancing of the economy and narrow the current account deficit. However, he said Fitch would need time to see if these policies have an impact.
"Without clear evidence of a rebalancing, we remain more likely than not to downgrade the rating within our usual outlook horizon over the next 18 months or so," he said in a email to Dow Jones Newswires.
Fitch has a negative outlook on its AA+ foreign currency long-term rating credit rating on New Zealand
Rexburg Stubbs 03:50 GMT January 26, 2011
EUR
1.3685 sell short, sleep and awaken to a lovely decline.
Hong Kong 03:35 GMT January 26, 2011
AUD/USD Intra-day signal by AceTrader
Reply
AUDUSD
Entry: Target: Stop:
INTRADAY TRADING SIGNAL BY ACETRADER.COM: AUD/USD
AUD/USD : 0.9975
Last Update At 26 Jan 2011 02:30 GMT
As aud has risen again after finding renewed buy
ing at 0.9944, suggesting consolidation with upside
bias is seen for a re-test of 0.9981/93 res area,
however, break is needed to signal pullback fm 1.00
23 has indeed ended y'day at 0.9888, 1.0023.
Buy on dips with stop as indicated, below wud
prolong choppy trading n risk 0.9888.
Range Forecast
0.9950 / 0.9990
Resistance/Support
R: 0.9993/1.0023/1.0077
S: 0.9944/0.9888/0.9864
http://www.acetraderfx.com
Richland QC Mailman 03:22 GMT January 26, 2011
EUR
Looks like there is something about 1.3700 which can be crucial to euro fanatics and can be pivotal intraday.
Rexburg Stubbs 03:19 GMT January 26, 2011
EUR
I'm to say here comes The Brack Obama inspired Maria Barteloni news about the Wed eur selloff.
dc CB 02:23 GMT January 26, 2011
Financial Crisis Was Avoidable, Inquiry Finds
Reply
By SEWELL CHAN
Published: January 25, 2011
WASHINGTON — The 2008 financial crisis was an “avoidable” disaster caused by widespread failures in government regulation, corporate mismanagement and heedless risk-taking by Wall Street, according to the conclusions of a federal inquiry.
The commission that investigated the crisis casts a wide net of blame, faulting two administrations, the Federal Reserve and other regulators for permitting a calamitous concoction: shoddy mortgage lending, the excessive packaging and sale of loans to investors and risky bets on securities backed by the loans.
“The greatest tragedy would be to accept the refrain that no one could have seen this coming and thus nothing could have been done,” the panel wrote in the report’s conclusions, which were read by The New York Times. “If we accept this notion, it will happen again.”.........................................................
The majority report finds fault with two Fed chairmen: Alan Greenspan, who led the central bank as the housing bubble expanded, and his successor, Ben S. Bernanke, who did not foresee the crisis but played a crucial role in the response. It criticizes Mr. Greenspan for advocating deregulation and cites a “pivotal failure to stem the flow of toxic mortgages” under his leadership as a “prime example” of negligence.
http://www.nytimes.com/2011/01/26/business/economy/26inquiry.html?_r=1&ref=business
philadelphia caba 02:22 GMT January 26, 2011
EUR
watching Flyers - Canadiens is more entertaining
SF WM 01:52 GMT January 26, 2011
EUR
Does anyone expect Obama's State of the Union speech to be a market event?
Hong Kong 01:00 GMT January 26, 2011
Daily FX Market Outlook by AceTrader-26-1-2011
Reply
Market Review - 25/01/2011 23:04 GMT
Sterling tumbles after a shock contraction in the UK economy
The British pound tumbled from Asian high of 1.6018 to 1.5750 after the release of much weaker-than-expected U.K. Q4 GDP data which came in at -0.5% q/q n 1.7% y/y versus the economists' forecast of 0.5% and 2.6% respectively, adding speculation that Britain could be entering a double-dip recession. British finance minister George Osborne said that the government would not change its austerity programme despite a shock contraction in the economy in the last quarter of 2010 which was driven by arctic weather in December. The British pound nose-dived from Asian high of 1.6018 to as low as 1.5750 after the data before recovering.
The single currency rose to 1.3688 in European morning and then retreated to an intra-day low of 1.3573 on profit-taking together with the selloff in cable after oversubscribed eurozone rescue fund's first debt offer. However, buying interest then lifted price and the single currency rose above 1.3700 to a fresh 2-month high of 1.3705 ahead of NY closing.
The European Financial Stability Facility's (EFSF) 5 billion euro offer was nine times oversubscribed, partly on Asian demand which included the Japanese government buying up over 20%. The order book for the issue closed with bids valued at 43 billion euros. High demand is likely to suggest confidence in the mechanism and in the whole euro system.
The greenback traded narrowly against the Japanese yen in Asia and European morning. Although dollar once rose to 82.67 after the release of better-than-expected U.S. consumer confidence (which came in at 60.6, the highest level for 8 months since May), the price sank to 81.97 due to the fall in U.S. Treasury yield as a report showed that U.S. President Obama would propose a budget freeze on non-security discretionary spending and dollar then staged a recovery on short-covering in NY afternoon.
The U.S. currency fell from 0.9523 to 0.9405 against the Swiss franc due to active cross buying in the Swiss franc as euro tumbled against the Swiss franc from 1.2985 to 1.2827. Australia Q4 CPI came out at 0.4% Q/Q versus economists' forecast of 0.8% and the previous reading of 0.7% while Australia Q4 core CPI at a decade low of 0.3%. The data strongly suggests the Reserve Bank of Australia (RBA) would keep its cash rates unchanged at 4.75% at February policy meeting next Tuesday, particularly as the 'Huge' impact of the Queensland floods. Australian dollar weakened to 0.9927 after the release of lower-than-expected inflation data and then rebounded briefly to 0.9993 before falling again to as low as 0.9888 on dollar's strength in European session.
The Canadian core CPI were -0.3% m/m and 1.5% y/y in December respectively, against consensus forecasts of -0.1% m/m and 1.6% y/y. The annual core inflation edged slightly higher fm Nov's 1.4% due to higher gasoline prices. U.S. currency rebounded against Canadian dollar fm 0.9912 to 1.0005 after the release of lower-than-expected Canada's inflation data.
Wednesday will see the release of Japan CSPI and BoJ monthly economic report, German import price index, UK's BOE minutes, and US new home sales and Fed rate decision.
http://www.acetraderfx.com
HK RF@ 00:50 GMT January 26, 2011
EUR
Phoenix Sun 00:47 GMT January 26, 2011
For the time being yes, but this may not happen over night.
Phoenix Sun 00:47 GMT January 26, 2011
EUR
RF are yiou still targeting 1.39?
HK RF@ 00:44 GMT January 26, 2011
EUR
Gallop gallop dear horssy.
All time I have enough hay to feed you, and dummy bullets to shoot from knee level we can ride on and on.
With loyal PURKY at my back, we shall ride into the sunset.
YEEEEEEEEEEEEEEEEEEEEEEEEHA!!!!!!!!!!!!!!!!!!!!!!!!!!!
Rexburg Stubbs 00:30 GMT January 26, 2011
EUR
I'm to say that after the USD has a strong day, sadly, Maria Barteloni will credit the Barack Obama.
Ayr Kaddy 00:29 GMT January 26, 2011
Query
Reply
Sell AUDUSD
Entry: Target: Stop:
Is the H/S on the 4hr chart of any significance ?
Rexburg Stubbs 00:24 GMT January 26, 2011
Mohamed ElBaradei on Democracy in Egypt
Livingston nh 00:20 GMT January 26, 2011
I'm to say yes this is troubling for EUR. However, I think you mean North Africa to Europia is like Canadia (not Mexico) is to the US of A
Rexburg Stubbs 00:21 GMT January 26, 2011
EUR
Phoenix Sun 00:17 GMT January 26, 2011
I'm to say yes. My charts of history do not show the future as well so I use different ideas. Maybe it is free pips for all, however, Wed is a sell sell sell and Tuesday was only a sell on rallie so I hope this is wrong and we both get more wealthy at same time
Livingston nh 00:20 GMT January 26, 2011
Mohamed ElBaradei on Democracy in Egypt
North African Unrest could be another problem for the EUR folks (especially Sarkozy) - North Africa is to the EU what Mexico is to the US
Livingston nh 00:17 GMT January 26, 2011
Mohamed ElBaradei on Democracy in Egypt
RF - good point - I'll add that to his list of screw-ups (Iraq is working out pretty well or Lebanon or ...) / the Evil that men do lives on
Phoenix Sun 00:17 GMT January 26, 2011
EUR
You must be looking at a different chart than me. You sell
rallies. I buy dips, Maybe we both can make money.
Rexburg Stubbs 00:10 GMT January 26, 2011
EUR
I'm to say you buy it Phoenix Sun, but I sell it.
Friday was up and we traded it up and were scolded for it.
Tuesday we called it sell on rallie and it fell hard after every rally. Now for Wed it is ready to simply fall then continue to fall. But, if it is easier for you to buy here, then buy it.
Phoenix Sun 00:06 GMT January 26, 2011
EUR
It has been alot easier to buy the euro than to fight it.
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