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Forex Forum Archive for 10/17/2011

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


Boston eFX 23:57 GMT October 17, 2011
Today's Euro Fall Just The Beginning Says Standard Bank
Reply   
(Dow Jones via eFXnews) Today's fall in the euro is just the beginning of what's to come, according to Standard Bank's long-held forecast. In fact, the euro will fall to $1.20 within the next six months, the bank's Steven Barrow says.

Of course, the continued back-and-forth of ......

Today's Euro Fall Just The Beginning Says Standard Bank

Syd 23:49 GMT October 17, 2011
Europe's Politicians 'Cause of the Problem': Economist
Reply   
It was always obvious it was going to fail, now it has failed we are heading for a recession at best, depression at worst," said Roger Nightingale, economist at RDN Associates.

link

Vienna GD 23:44 GMT October 17, 2011
gold

What is noteworthy - BLR virgoan has closed his EURUSD longs and mentioned today accumulating EURUSD shorts.

But as far as I know he is still in his gold longs.
And DJI longs.
That's somewhat suprising after todays action.

HK [email protected] 23:13 GMT October 17, 2011
Insolvency of Banks to Cause Gold Explosion
Reply   
With gold and silver continuing to consolidate, today King World News interviewed James Turk out of Spain to get his take on the ongoing financial crisis and where gold and silver are headed from here. When asked about the rising fear of bank failures, Turk responded, “What we are seeing is an increasing awareness of countrerparty risk. People are more clearly understanding the risks in the banking system and the insolvency of many major banks. As a consequence they are fleeing out of fiat money and this is a trend that will accelerate.”

“What we are seeing in the metals right now is the quiet before the storm, Eric. These are excellent times to be accumulating gold and silver on the dips because longer-term you are going to see price levels for the metals that today would be considered unimaginable. This is how secular bull markets work and this one won’t be any different.

http://investmentwatchblog.com/james-turk-insolvency-of-banks-to-cause-gold-explosion/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Investmentwatch+%28InvestmentWatch%29

Vienna GD 22:41 GMT October 17, 2011
gold

ab - suggest to have a look at BLR virgoans EURUSD target - that might help. Also bc seems in a similar camp with a retest of 79/80 soon again.

I have no specific gold target - as my time frame for this round is minimum 2 weeks but maybe even into late November. Everything in between's just noise.
Accordingly also no nearby expectation. Anything is possible shortterm.

Boston eFX 22:33 GMT October 17, 2011
BOE WATCH: MPC To Find Demand Tops Agenda In Northwest
Reply   
(Dow Jones via eFXnews) The nine members of the Bank of England's Monetary Policy Committee start a three-day mission to England's northwest Tuesday to gauge how businesses there are faring as the economic outlook for the U.K. turns increasingly gloomy.

The visit--to Manchester, Liverpool and the surrounding region--will give policy makers a chance to ....

BOE WATCH: MPC To Find Demand Tops Agenda In Northwest (full story)

hk ab 22:21 GMT October 17, 2011
gold

thanks GD.

Gold considerably lower? May I know your target?
because the lowest I anticipate for the coming weeks is only 1550-1580 area.

Gold shows a lot of reluctance in south ride when all the cousins went south.

Syd 22:19 GMT October 17, 2011
Moody's Announces That France's Debt Metrics Have Deteriorated And Are Now The Weakest Of All Aaa-Ra
Reply   
"Moody's notes that the government's financial strength has weakened, as it has for other euro area sovereigns, because the global financial and economic crisis has led to a deterioration in French government debt metrics -- which are now among the weakest of France's Aaa peers."

link

Syd 22:14 GMT October 17, 2011
Don’t look down What if there were another Lehman?
Reply   
Little known, worrying fact: many of the government's weapons used to battle the 2008 crisis have been taken away

That left two unappetising choices: bail-out, as with Bear and AIG, or bankruptcy, as with Lehman.

Syd 22:01 GMT October 17, 2011
Moody's to assess France's outlook over next 3 months
Reply   
(Reuters) - Moody's warned on Monday it may revise to negative the outlook on France's Aaa credit rating in the next three months if the country fails to make progress on crucial fiscal and economic reforms.

"The deterioration in debt metrics and the potential for further contingent liabilities to emerge are exerting pressure on the stable outlook of the government's Aaa debt rating," Moody's said in a statement

GVI Forex john 21:29 GMT October 17, 2011
Trade Talk- Whats Moving Markets
Reply   

  • Key Items- CN- GDP, UK- CPI, DE- ZEW. US- PPI, TIC.

  • Finance Ministers in Europe have promised a comprehensive plan to address the European financial crisis by Sunday October 23.  Press talk envisioned a comprehensive plan by that date. However, early morning U.S. trade saw a German official indicating that it is a "dream" to expect everything to be done by the weekend. 

  • One key question is whether sovereign states will have the local support needed to make the public sector spending cuts envisioned. 

  • Another issue could become how much help will be funneled through the IMF. Countries such as the U.S., Japan and U.K., are substantial contributors to the IMF. This means that these three nations (and others) would be providing a lot of financial support to the Eurozone, for what many could feel is an internal problem.

  • Large European banks are being forced to improve their capitalization in preparation for an inevitable Greek default  To improve its capitalization, a bank can raise funds or cut back on its lending exposure. This suggests reduced future EZ economic growth as loan portfolios are cut back, and a possible reduction in dividends.

  • Japan downgraded its economic outlook today. It cited a slowing global economy and overly strong JPY as significant headwinds.

Vanouver comesarounggoesaround 20:55 GMT October 17, 2011
charter
Reply   


EURUSD
Entry: Target: Stop: halt idea

woke up and little under the estimate 48hrsw8s72 who knows

Syd 20:53 GMT October 17, 2011
A leveraged EFSF is pure poison
Reply   
Big snag. If Europe’s leaders do indeed leverage their €440bn bail-out fund (EFSF) to €2 trillion or €3 trillion through some form of "first loss" insurance on Club Med bonds – as markets now seem to assume – the consequences will be swift and brutal.

Banks, life insurers, pension funds, and others who bought Greek debt in good faith will take the loss. Only once they are reduced to zero with a 100pc haircut does EFSF debt start to be written down – ie, this is "last loss".

GVI Forex john 20:49 GMT October 17, 2011
USD Pivot Points
Reply   

Pivots	EURUSD	USDJPY	USDCHF	GBPUSD	USDCAD	AUDUSD
Res 3	1.4050	78.16	0.9144	1.5945	1.0466	1.0518
Res 2	1.3982	77.81	0.9069	1.5896	1.0345	1.0444
Res 1	1.3865	77.30	0.9027	1.5825	1.0281	1.0321

Pivot	1.3797	76.95	0.8952	1.5776	1.0160	1.0247

Sup 1	1.3680	76.44	0.8910	1.5705	1.0096	1.0124
Sup 2	1.3612	76.09	0.8835	1.5656	0.9975	1.0050
Sup 3	1.3495	75.58	0.8793	1.5585	0.9911	0.9927

Open 20:48 GMT October 17, 2011 Reply   

'Occupy' Protests Enter 5th Week (vid)

Syd 20:41 GMT October 17, 2011
Parliamentary Bailout Committee May Be Unconstitutional
Reply   
New parliamentary panel being set up in Germany to provide speedy approval of future rescue measures by the euro rescue fund may be in breach of constitutional rules
Schulz is now considering taking the matter to the Constitutional Court, which is Germany's highest judicial authority. "A nine-member panel can't replace the Bundestag in such an important question," he says.

New Challenge Could Be Launched at Highest Court

Syd 20:36 GMT October 17, 2011
The Next Domino?
Reply   
Top Economists Warn of France Downgrade
Top German economists are warning that France's AAA rating could be in danger should additional measures become necessary to prop up indebted euro-zone members or to save ailing banks. With debt relief for Greece under discussion, it may be a question of when, not if.

With French banks holding significant quantities of Greek debt on their books, however, an already heavily indebted Paris would likely have to plunge even further into the red to recapitalize its banks.

GVI Forex Blog 20:34 GMT October 17, 2011 Reply   
Key Items- CN- GDP, UK- CPI, DE- ZEW. US- PPI, TIC. Finance Ministers in Europe have promised a comprehensive plan to address the European financial crisis by Sunday October 23. Press talk envisioned a comprehensive plan by that date. However, early morning U.S. trade saw a German official indicating that it is a "dream" to expect everything to be done by the weekend.

Forex Trade Talk 00:00 GMT 18 October 2011

Mtl JP 20:30 GMT October 17, 2011
Stark Suggests Countries Could Enter Fincl Recievership In Future

re Countries Could Enter Fincl Recievership In Future
how w/could that work ?
w/could it involve loss of sovereignty ?
w/could it involve armed force ?

GVI Forex john 20:29 GMT October 17, 2011
USD Moving Averages
Reply   

10/17/2011

20:00

GMT

 

 

 

 

 

Latest

EURUSD

USDJPY

USDCHF

GBPUSD

USDCAD

AUDUSD

NZDUSD

Last

1.3748

76.80

0.8984

1.5753

1.0216

1.0197

0.7934

High

1.3914

77.45

0.8995

1.5848

1.0225

1.0371

0.8068

Low

1.3729

76.59

0.8878

1.5728

1.0040

1.0174

0.7918

Change

-0.0127

-0.43

0.0056

-0.0053

0.0111

-0.0141

-0.0115

MVA

EURUSD

USDJPY

USDCHF

GBPUSD

USDCAD

AUDUSD

NZDUSD

5 day

1.3778

76.96

0.8977

1.5741

1.0192

1.0177

0.7944

10 day

1.3605

76.85

0.9079

1.5630

1.0294

0.9961

0.7823

20 day

1.3557

76.73

0.9050

1.5589

1.0281

0.9897

0.7815

50 day

1.3925

76.81

0.8512

1.5940

1.0026

1.0239

0.8115

100 day

1.4126

78.23

0.8377

1.6072

0.9849

1.0459

0.8221

200 day

1.4074

80.20

0.8771

1.6134

0.9801

1.0380

0.7964

TREND

EURUSD

USDJPY

USDCHF

GBPUSD

USDCAD

AUDUSD

NZDUSD

BIAS

Up

Up

Down

Up

Down

Up

Up

 

jerusalem kb 20:27 GMT October 17, 2011
Sell GBPUSD
Entry: 1.5720 Target: 1.5670-1.5538 Stop: 1.5775

SELL STOP

Sydney ACC 20:14 GMT October 17, 2011
Stark Suggests Countries Could Enter Fincl Recievership In Future

Comments such as this only go to prove how out of touch with reality these bureaucrats can get. These are democracies after all.

Syd 20:03 GMT October 17, 2011
Deutsche Bank Warns France May Be Put On Downgrade Review Before Year End
Reply   
www.zerohedge.com/news/deutsche-bank-warns-france-may-be-put-downgrade-review-year-end

Boston eFX 20:01 GMT October 17, 2011
Can Europe Offer More Than Holding Action?
Reply   
(Dow Jones via eFXnews) An international get-together. An exhortation of the euro zone to greater efforts. An optimistic rise in the euro. Sound familiar?

We have been here before in the long history of the bloc's debt crisis.

Finance ministers and central bankers from the world's 20 leading economic powers left their Paris meeting Saturday urging the euro zone to act "decisively to restore confidence, financial stability and growth" and promising its embattled leaders that international help for a resolute plan would be forthcoming.

No surprise there.

With the euro zone's travails glowering over a fragile global recovery, any .........

Can Europe Offer More Than Holding Action? (full story)

Syd 19:59 GMT October 17, 2011
Full Text: Moody's downgrades Spanish savings bank CAM to B3;
Reply   
www.creditwritedowns.com/2011/10/moodys-downgrades-cam-to-b3.html

GVI Forex john 19:59 GMT October 17, 2011
FX Database
Reply   

UPDATED. Global-View Free FX Database. High-Low-Close data for over a dozen currency pairs for well over a decade of data in Excel spreadsheet format.

Syd 19:54 GMT October 17, 2011
Stark Suggests Countries Could Enter Fincl Recievership In Future
Reply   
)--Countries that fail to comply in future with plans to improve their public finances could risk being placed in financial receivership, a member of the European Central Bank executive board said Monday.

"Countries under economic adjustment programs in the European Stability Mechanism, which fail to remain on track, would be placed under financial receivership," Juergen Stark told the European Parliament's economic and monetary affairs committee.

GVI Forex john 19:54 GMT October 17, 2011
Global-View.com Forex Heat Maps


Be Sure to Refresh Forum Manually to Update Heat Map.


Fx Trading Discussion 19:37 GMT October 17, 2011 Reply   

TRADING SIGNALS

Syd 19:28 GMT October 17, 2011
How Far Can Euro Zone Push Greek Bondholders? .
Reply   
while longer maturities would reduce the debt burden in real terms, Greece would still have a sky-high debt-to-GDP ratio. That could yet come back to haunt the euro zone as it might still deter private creditors. Nor is it clear creditors will be willing to sign up to so much Greek debt relief - or how a bigger haircut might affect other indebted euro-zone sovereigns.

Euro-zone policymakers must tread carefully - and may yet need to take losses themselves on their debt to make the numbers add up.

Syd 19:22 GMT October 17, 2011
UBS Sees Euro At $1.20-$1.30 By Year's End
Reply   
Though the euro rose to near-$1.40 in recent weeks, its fate hangs with euro-zone leaders who thus far have left investors wanting when it comes to finally solving the region's debt crisis. "We would not chase the euro, pound or other major currencies higher against the greenback," UBS analysts say. "The risks are that Europe's leaders disappoint elevated expectations." Meanwhile, "firmer" US data mean the Fed is less likely to engage in a third round of dollar-diluting quantitative easing. With the dollar unshackled from QE, GBP/USD also could fall to a 1.40-1.50 range by year end, UBS says. Monday afternoon, GBP/USD traded at 1.5751, down about 0.5% on the day.

GVI Forex Blog 19:16 GMT October 17, 2011 Reply   
19:15 GMT (Global-View.com) October 17- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is closing in North America at .5218, +0.62% from its Friday close (-3.01% ytd).

Global-View D.O.G. Index October 17, 2011 U.S. Close

GVI Forex john 19:13 GMT October 17, 2011
Global-View D.O.G. Iindex
Reply   
19:15 GMT (Global-View.com) October 17- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is closing in North America at .5218, +0.62% from its Friday close (-3.01% ytd).

As for its key subcomponents, the USD forex purchasing power index is .7564, +0.54% (-2.80% ytd). The forex index is value is calculated against the top six trading currencies.

Against gold, the USD purchasing power index is currently worth .1724, +0.61% (-15.03% ytd).

Against crude, it is at 0.5167, +1.01% (+5.96% ytd). The D.O.G. Index base is 1.00. It is set against levels from the start of 1999, as of the initial launch of the euro (currency).

D.O.G. Homepage

Tokyo Rana 19:08 GMT October 17, 2011
jpy

dear friend,yes stop be now..

Tokyo Rana 19:06 GMT October 17, 2011
usd/yen - testing the bull's resolve

dear friend,japan still unable to solve tokyo electric problem they r not in situation of intervention....and keep in mind peoples are kept buying from 85/95 level and this pairs going down thats why.. ithink markeet will take all stops 1st bfore any rise....look for new low 1st...happy day,

Fx Trading Discussion 19:04 GMT October 17, 2011 Reply   

TRADING SIGNALS

London SFH 19:03 GMT October 17, 2011
jpy

Rana your stop and entry are the same on gold...

Israel Dil 18:57 GMT October 17, 2011
usd/yen - testing the bull's resolve

rama

if it is as you say, then why normal and logic person put his money on a currency of a nation with s central bank without money?

Tokyo Rana 18:56 GMT October 17, 2011
jpy
Reply   
Sell Gold
Entry: 1690 Target: open Stop: 1690

stop be now...happy trade,

GVI Forex Blog 18:52 GMT October 17, 2011 Reply   
AUD/USD and NZD/USD outlook next 24 hours: This sell-off in AUD ideally targets at least 1.0000 but there is major congestion between 1.0215 and 1.0100 to be cleared first. NZD’s similar downside target is 0.7860. There is event risk during today’s domestic session from the RBA minutes (clues on rate trajectory?) and China GDP plus others, and there is tonight’s Fonterra dairy auction.

Forex - Morning Report (Westpac)

Tokyo Rana 18:46 GMT October 17, 2011
usd/yen - testing the bull's resolve

Buy EURAUD
Entry: Target: Stop:

euraud 50% out for 75pips stop be now...

Tokyo Rana 18:44 GMT October 17, 2011
usd/yen - testing the bull's resolve

look at jpy pairs and stocks 8h...

Tokyo Rana 18:43 GMT October 17, 2011
usd/yen - testing the bull's resolve

forget about 80 or even 78 look for 65/45 next...i said on friday boj donot have money for intvention look we r back where it was friday afternoon...

nyc s 18:37 GMT October 17, 2011
usd/yen - testing the bull's resolve

stocks are getting whacked............

Israel Dil 18:34 GMT October 17, 2011
usd/yen - testing the bull's resolve

mailman

did you take spot trade or FWD contract for the position?
if FWD, do you mind to share the FWD date?

tia & gl/gt

Boston eFX 18:33 GMT October 17, 2011
Gallup Poll Shows Dip in October Jobless Rate
Reply   
(Dow Jones via eFXnews) A mid-October survey done by Gallup shows the unemployment rate -- without seasonal adjustment -- is 8.3%, down sharply from 8.7% at the end of September. In the Labor Dept.'s data, the....

Gallup Poll Shows Dip in October Jobless Rate (full story)

GVI Forex Blog 18:32 GMT October 17, 2011 Reply   
USD/CHF (daily chart) as of Monday (10/17/2011) has stalled above key support in the 0.8900 price region, emphasizing this level as the current price region to watch for key events to occur.

USD/CHF Stalls Above Key Support within Uptrend

Vienna GD 18:13 GMT October 17, 2011
usd/yen - testing the bull's resolve

mailman ... with stronger dollar and lower stocks ahead how do you come to a stronger usdjpy?

Vienna GD 18:11 GMT October 17, 2011
gold

ab ... the odds are that everything will go south within next 4-5 weeks. This is the last week left where there's some upside left - but even that, after today, is unlikely now.

We are entering a deflationary spat. Most of the pros I follow are on that same page.
My dates for the turns have been today 17th (lower odds), 20th or 24th, or next week monday (lower odds again).

So in other words you are going against the main trend - which is risk off again.

Guess that is what Dil is trying to tell you.

But maybe you wanna bet another bottle that gold is higher in 4 weeks from now on? I bet it will be lower. Possibly considerable lower.

GVI Forex john 16:53 GMT October 17, 2011
Trade Talk- Whats Moving Markets

- Equity to forex correlations have been generally working today but not as closely as we have seen in the past.
- It seems that the default trade is to follow stocks when the news flow slows.

Open 16:22 GMT October 17, 2011 Reply   

RBC Capital Market: Long AUD (Vid)

GVI Forex john 16:17 GMT October 17, 2011
Global-View.com Forex Heat Maps
Reply   

Be Sure to Refresh Forum Manually to Update Heat Map.


GVI Forex john 16:17 GMT October 17, 2011
Global-View.com Forex Heat Maps
Reply   
....

Richland QC Mailman 16:07 GMT October 17, 2011
usd/yen - testing the bull's resolve
Reply   

Entry: 76.80 Target: 80 Stop: 76.50

Ok folks. First trade of usd/yen over the last 3 months.

Is 80 target realistic? It should hurdle 77.50 first then we can talk about it.

hk ab 16:03 GMT October 17, 2011
gold

please excuse of my stupidity but I don't have platform on gold option. What is it telling now?

Israel Dil 15:56 GMT October 17, 2011
gold

hk ab

take a look into the gold options market, all answers are there.

hk ab 15:52 GMT October 17, 2011
gold
Reply   
relong 1679.5

hk ab 15:47 GMT October 17, 2011
gold

if bears fail again, we could well have a chance to see 1700 by NY close.....

hk ab 15:40 GMT October 17, 2011
gold

I am interested in seeing if Chinese traders will push the gold over 1700 mark or back to 1600 mark.

We can usually find their footprints in the last 2 weeks in Asian open.

GVI Forex Blog 15:38 GMT October 17, 2011 Reply   
The following is from the industry news section of our monthly newsletter, Thoughts from the Forex Trenches

Forex Industry News

Syd 15:32 GMT October 17, 2011
Property values sliding, says Bill Moss
Reply   
COMMERCIAL property values have further to fall, with the strong Australian dollar masking poor returns, according to former Macquarie Group executive director Bill Moss.

link

Gen dk 15:27 GMT October 17, 2011 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

hk ab 15:23 GMT October 17, 2011
gold

rana, then, gold can shoot up to many upside chart points b4 turning south in monthly chart then.
Maybe I am not that "long term".

hk ab 15:23 GMT October 17, 2011
gold

rana, then, gold can shoot up to many upside chart points b4 turning south in monthly chart then.
Maybe I am not that "long term".

Syd 15:19 GMT October 17, 2011
Factbox: What is in Greece's new austerity law
Reply   
GREEK SOCIALIST DEPUTY QUITS IN PROTEST AGAINST AUSTERITY, GOVT MAJORITY UNCHANGED - PARLIAMENT SOURCE

(Reuters) - Below is a list of the key measures included in Greece's new austerity law, which will be put to a vote in the country's parliament later this week

Hong Kong Qindex 15:16 GMT October 17, 2011
EUR/USD : Ccritical Point 1.3744

EURUSD
Entry: Target: Stop:

EUR/USD : The current expected trading range is 1.3709 - 1.3759.


Qindex.com


http://www.youtube.com/watch?v=dZEGYpXE5B4

EUR/USD : Monthly Cycle Charts

GVI Forex Blog 15:13 GMT October 17, 2011 Reply   
European shares were making big gains again overnight before German officials stepped in and threw cold water on hopes that the upcoming European summit could offer a final solution for the euro zone debt crisis.

TradeTheNews.com US Market Update

Tokyo Rana 15:13 GMT October 17, 2011
gold

Dear AB,look at monthly now where we r heading donot look 4h 1h...happy trade,

GVI Forex Blog 15:05 GMT October 17, 2011 Reply   
October 17 (global-view.com) UPCOMING DATA HIGHLIGHTS for Tuesday, October 18. Updated: Trading Events Calendar

GVI Forex- Data Outlook for October 18, 2011

Saar KaL 15:02 GMT October 17, 2011
KaL's Trend and Level

NDX Buy

2,397.7722 2,338.3082
2,401.6876 2,333.4358
2,415.3916 2,316.3824
2,421.2648 2,309.0738

DJI Buy

11,753.2001 11,505.6643
11,770.1955 11,483.0821
11,829.6795 11,404.0447
11,855.1726 11,370.1716

GVI Forex john 15:02 GMT October 17, 2011
Calendar
Reply   


October 17 (global-view.com) UPCOMING DATA HIGHLIGHTS for Tuesday, October 18. Updated: Trading Events Calendar

  • Far East: CN- GDP, Industrial Output.
  • Europe: GB- CPI. DE- ZEW.
  • North America: US- PPI, TIC, NAHB, API.


Saar KaL 14:58 GMT October 17, 2011
KaL's Trend and Level

GBPNZD Shorts

1.9799 1.9486
1.9822 1.9466
1.9904 1.9396
1.9938 1.9366

gbpaud shorts

1.5396 1.5185
1.5411 1.5172
1.5462 1.5126
1.5484 1.5107

2 best shorts

Boston eFX 14:56 GMT October 17, 2011
France Underperformance Seen Signaling Scepticism
Reply   
(Dow Jones via eFXnews) France's underperformance versus its AAA-rated counterparts signals that there is still a high degree of scepticism among euro-zone government bond investors in contrast to the global risk rally, says WestLB, ahead of ....

France Underperformance Seen Signaling Scepticism (full story)

hk ab 14:55 GMT October 17, 2011
gold
Reply   
DOWJ is sliding fast and gold stablizes. Once the slide of DOWJ over, gold resume its route to 1700....

Saar KaL 14:54 GMT October 17, 2011
KaL's Trend and Level

AUDUSD Longs

1.0419 1.0254
1.0429 1.0242
1.0465 1.0199
1.0480 1.0181

nzdusd Longs

0.8117 0.7975
0.8126 0.7964
0.8157 0.7926
0.8171 0.7910

Syd 14:53 GMT October 17, 2011
Fading The Rally: 10 Scary Numbers Out Of Europe
Reply   
1 ) 2.18 Trillion Euros – How much sovereign debt European banks own from Italy, Ireland, Greece, Portugal and Spain. Given banks have already taken a 21% haircut (and about to go up) on Greece’s debt, imagine the capital hit banks will have to take if they have to take similar hits on this other sovereign debt

10 figures that should keep investors up at night and keep them appropriately cautious on the market until the European debt crisis is resolved.

Saar KaL 14:46 GMT October 17, 2011
KaL's Trend and Level

Phew
Entered way too early

GBPJPY Longs

122.9784 121.0994
123.1176 120.9539
123.6048 120.4446
123.8135 120.2263

EURJPY Longs

108.0414 106.2011
108.1710 106.0589
108.6245 105.5610
108.8189 105.3477

hk ab 14:45 GMT October 17, 2011
gold

rana, with hrly chart having so many new higher hgih + higher low + daily resistance line broken today. Is it still bearish?

Saar KaL 14:43 GMT October 17, 2011
KaL's Trend and Level

USDCHF Shorts

0.9003 0.8846
0.9018 0.8834
0.9069 0.8795
0.9091 0.8778

cable Longs

1.5894 1.5727
1.5904 1.5716
1.5939 1.5679
1.5954 1.5663

EURUSD Longs

1.3976 1.3783
1.3988 1.3770
1.4030 1.3725
1.4047 1.3705

hk ab 14:42 GMT October 17, 2011
gold
Reply   
stox must be very toppish.....

Syd 14:40 GMT October 17, 2011
China Construction Bank Raises Mortgage Rates .
Reply   
BEIJING—The Beijing branches of China Construction Bank Corp., the country's largest mortgage lender by assets, have raised the mortgage rates for first-time home buyers, the state-run Xinhua news agency reported Sunday, citing an unidentified official at the bank.
The state-controlled bank's move signaled that the government will stick with policies aimed at reining in the property sector, Xinhua said, citing a government think tank.
LINK

Saar KaL 14:39 GMT October 17, 2011
KaL's Trend and Level

AUDNZD Longs
1.2920 1.2777
1.2930 1.2769
1.2963 1.2739
1.2978 1.2727

AUDCHF longs

0.9321 0.9128
0.9338 0.9113
0.9396 0.9062
0.9421 0.9040

AUDCAD Longs

1.0510 1.0390
1.0517 1.0382
1.0542 1.0357
1.0553 1.0346

CADJPY Longs

77.0218 75.6936
77.1168 75.5849
77.4491 75.2045
77.5915 75.0414

Tokyo Rana 14:38 GMT October 17, 2011
gold

i will keep short no need rev im very bearish on gold...

Syd 14:33 GMT October 17, 2011
Hedge Fund Manager Gets All Fired Up Over The Likelihood People Who Bet On A Greek Default Will Not
Reply   
Hedge fund manager Peter Tchir is advocating to preserve the integrity of the credit default swap at a critical time, as Eurozone economic officials decide what to do about Greece.



He wrote in a note obtained by Bloomberg that if leaders want a "true restructuring of Greece," CDS owners deserve to be paid

Hong Kong Qindex 14:31 GMT October 17, 2011
EUR/USD : Ccritical Point 1.3744
Reply   
Sell EURUSD
Entry: Target: Stop:

EUR/USD : Ccritical Point 1.3744


Speculative selling pressure will increase when the market is trading below the barrier at 1.3744 // 1.3749. The next downside barrier is 1.3602 // 1.3646.


Qindex.com

http://www.youtube.com/watch?v=dZEGYpXE5B4

EUR/USD : Monthly Cycle Charts

Syd 14:30 GMT October 17, 2011
Nouriel Roubini: Greek default could trigger a Lehman’s size shock
Reply   
Roubini says markets will be disappointed by Euro leaders, says could be hard landing in China in 2013 to 2014
The founder and chairman of Roubini Global Economics that default from a Eurozone member or an exit from the Euro couls cause a shock “that would reverberate through the global economy”. The ” problems of the Eurozone are chronic , won’t go away” he added

hk ab 14:30 GMT October 17, 2011
gold

rana, I think gold has turned the tide quite fully.
Max dip today may only be limited to 1660, will you reverse?

Tokyo Rana 14:24 GMT October 17, 2011
gold

usdjpy going down boj is just crap news friday..

Boston eFX 14:19 GMT October 17, 2011
Two Sleeping Giants Need To Wake Up - BarCap
Reply   
(Dow Jones via eFXnews) Two sleeping giants need to wake up, says Barclays Capital, to change the markets' outlook more conclusively positive.

Those giants are USD/JPY, which needs to ........

Two Sleeping Giants Need To Wake Up - BarCap (full story)

Syd 14:15 GMT October 17, 2011
Germany Shoots Down ‘Dreams’ of Swift Crisis Solution
Reply   
www.bloomberg.com/news/2011-10-17/germany-shoots-down-dreams-of-early-end-to-europe-sovereign-debt-crisis.html

Syd 14:14 GMT October 17, 2011
euro
Reply   
S&P cuts rating on Spanish autonomous region of Madrid to AA from AA-
While the Spanish regional governments remain under intense fiscal pressure amid a real-estate bust and 20%+ unemployment.

Schaeuble: Will not spend way out of current crisis

Gen dk 14:13 GMT October 17, 2011 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Israel Dil 14:05 GMT October 17, 2011
eur

wrote US while meant European, sorry for that.

hk ab 14:04 GMT October 17, 2011
e/j

add every 100 pips down.

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

Israel Dil 14:01 GMT October 17, 2011
eur

in case someone missed it, 13745 is last friday's NY session low

Gen dk 14:01 GMT October 17, 2011 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Gen dk 13:59 GMT October 17, 2011 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

hk ab 13:58 GMT October 17, 2011
e/j
Reply   
long e/j with Kal 106.

hk ab 13:56 GMT October 17, 2011
gold
Reply   
relong again 1680....

hk ab 13:49 GMT October 17, 2011
gold
Reply   
moment of truth, but 1680 is truly strong now.

hk ab 13:38 GMT October 17, 2011
gold
Reply   
first time of today gold weaker than eur..........

More opportunity coming?

hk ab 13:37 GMT October 17, 2011
dlr/jpy
Reply   
BOJ maybe waiting for a false break down to swap the trend to kill all the bears......

not to surprise to see a touch from 73-75 before the real bullets come.

Especially a lot have already positioned in the long e/j, an exit of e/j long will bring u/j down to that mentioned region.

Lahore FM 13:34 GMT October 17, 2011
KaL's Trend and Level

agree Mailman dear!

cheers!

Boston eFX 13:34 GMT October 17, 2011
Morgan Stanley Expects JPY To Remain Strong
Reply   
(Dow Jones via eFXnews) Morgan Stanley expects JPY to remain strong as the additional measures proposed by Japan are to try and cope with the consequences of JPY strength, providing ........

Morgan Stanley Expects JPY To Remain Strong (full story)

hk ab 13:33 GMT October 17, 2011
gold
Reply   
just closed half at 1686. Reserve ammun to fight with c9 later.
rest at b/e and will long lower.

Richland QC Mailman 13:29 GMT October 17, 2011
KaL's Trend and Level

Hi FM. Well, the techs should really have a say on the aussie this time. Honestly, it was was way too tough selling the pair the past week until today. Nobody or few believe that it is a matter of time when it goes the 1.0330 - 70 level that correction was imminent.

ldn te 13:26 GMT October 17, 2011
eur
Reply   
Double bottom at 1.3765?

GVI Forex john 13:15 GMT October 17, 2011
ALERT- U.S. Industrial Production/Capacity Utilization
Reply   

-- ALERT --
U.S. Industrial Production/Capacity Utilization
September 2011
Ind Prod: +0.2% vs. +0.2% exp. vs. +0.2% prev.
Cap Util: 77.4% vs. 77.5% exp. vs. 77.4% prev.



TTN: Live News Special Offer

Lahore FM 13:12 GMT October 17, 2011
KaL's Trend and Level

there is perceptible risk aversion Mailman!some news though may halt the slide but if we keep falling its only logical.techs are poised well for a drop.

hk ab 13:05 GMT October 17, 2011
e/j
Reply   
Kal, still buying e/j?

Richland QC Mailman 12:56 GMT October 17, 2011
KaL's Trend and Level

Could we be seeing another -70 to 100 pip dip from the aussie from current levels?

Richland QC Mailman 12:50 GMT October 17, 2011
KaL's Trend and Level

We are afraid Aussie's deep correction is already in process. Prefers USD buying and selling the pair for as long as 1.0370 caps.

Saar KaL 12:45 GMT October 17, 2011
KaL's Trend and Level

AUDNZD/
Cause The all Blacks won
we have to buy AUDNZD from 1.28ish to 1.31
not next session though

Richland QC Mailman 12:44 GMT October 17, 2011
KaL's Trend and Level

Beg a bit to disagree Kal. Sold gbp/usd 1.5777.

GVI Forex john 12:41 GMT October 17, 2011
Trade Talk- Whats Moving Markets

Dil- I agree. I never thought the EUR would even get off the ground because its original structure made no sense. You cant have a currency union without a fiscal and political union. The common currency comes last, not first.

Saar KaL 12:40 GMT October 17, 2011
KaL's Trend and Level

Audusd/
Shakakhan, Karzakhan, Afghan, Jankis Khan
Buyyyyyyyyyyy till 1.1

Israel Dil 12:38 GMT October 17, 2011
KaL's Trend and Level


kaal

trade carefully those 15min & 1hr charts, good luck :-)

Saar KaL 12:37 GMT October 17, 2011
KaL's Trend and Level

Dil/
You sniffing something here?
why is everyone stop talking?
Reversal ha?

Israel Dil 12:35 GMT October 17, 2011
Trade Talk- Whats Moving Markets

John

the major problem I see with Europe is not only the parts, but there are too many types of machines and each machine owner is so certain it's the best and deserves to be the main machine.

in Hebrew we call that SHAKSHUKA, sometimes the EURO really looks like a SHAKSHUKA :-)

Saar KaL 12:33 GMT October 17, 2011
KaL's Trend and Level

Olive Oil?...U Said?
Oil, King Kong, Dog Terror
Buy from 86 to 93

GVI Forex john 12:31 GMT October 17, 2011
ALERT- U.S. Empire PMI
Reply   

-- ALERT --
U.S. Empire PMI October 2011
-8.48 vs. -4.5 exp. vs. -8.8 prev.


TTN: Live News Special Offer

Saar KaL 12:29 GMT October 17, 2011
Trade Talk- Whats Moving Markets

John
I do not think they do as well
it's after the trend..not before

Saar KaL 12:28 GMT October 17, 2011
KaL's Trend and Level

ok lets do some nasdaq 100
now...Nazi, Macho, Hog stuff...
heading to 2500

GVI Forex john 12:27 GMT October 17, 2011
Trade Talk- Whats Moving Markets

Dil- I have no idea what they are going to announce. Too many moving parts with all the Parliaments involved. Just take it as it comes. We will be seeing a lot of headlines all week as negotiations develop. Biggest problem I see is getting member nations to agree to public sector job cuts.

Israel Dil 12:24 GMT October 17, 2011
KaL's Trend and Level

Saar KaL

lol - so share your trend and levels and tell us when 1.4200 will trade, please :-)

Saar KaL 12:24 GMT October 17, 2011
news
Reply   
Check out the mode of the EURUSD news from here to 1.4040
the news dudes have a lage of 6 hrs or so
they work shifts u know

Saar KaL 12:19 GMT October 17, 2011
KaL's Trend and Level

Greece. Gross, grace
Nixon, Mandala Hitler...not a fork matter
EurUSD is north

Boston eFX 12:08 GMT October 17, 2011
Moody's: Fall Of Slovakia's Government Is Credit Negative
Reply   
(Dow Jones via eFXnews) The collapse of Slovakia's government is credit negative as it increases uncertainty and threatens its fiscal consolidation targets, analysts at Moody's Investors Service said Monday.

Prime Minister Iveta Radicova had tied a vote on expanding the European Financial Stability Fund to a confidence motion after failing to garner support from her coalition partners. That motion failed, although a subsequent vote on the EFSF passed.

Opinion polls currently suggest that .......

Moody's: Fall Of Slovakia's Government Is Credit Negative (full story)

Israel Dil 12:05 GMT October 17, 2011
Trade Talk- Whats Moving Markets

John

what they are able to really announce Sunday?
may you mention all the possible outcome scenarios from them?

there are not so many possibilities, am I too wrong?

GVI Forex john 12:02 GMT October 17, 2011
Trade Talk- Whats Moving Markets

JP- Government officials and central bankers are rarely the friends of traders. They have their own agenda.

As for today, my view is that German officials felt that expectations for what will be announced on Sunday were getting out of hand.

Israel Dil 12:02 GMT October 17, 2011
GREECE

13825-13855 looks like max for now, keep on being open minded and smart leveraged.

gl/gt

Israel Dil 12:00 GMT October 17, 2011
GREECE

the next 2-3 hours will provide the last chance to sell around 13860 this week.

gl/gt

Vancouver Newsi'mnotcheap 11:48 GMT October 17, 2011
EURUSD Levels.

Buy EURUSD
Entry: 1.3776 Target: open Stop: 1.3716

no close below 1.3776 no panic mode to sell eur-usd

good dayxnight fwiw

Saar KaL 11:44 GMT October 17, 2011
KaL's Trend and Level

QC
Cable 1.5990 tgt

Mtl JP 11:40 GMT October 17, 2011
Trade Talk- Whats Moving Markets

john 11:18 - IF Schauble was indeed clearly lowering expectations, I doubt he was doing that for the benefit of market players. Might he be pushing back at the G20 would-be fire-ring builders instead - if so why, what is his upside in doing that?

Boston eFX 11:38 GMT October 17, 2011
CHARTING FOREX: Dollar Bearish But Oversold Vs Most FX Majors This Week
Reply   
(Dow Jones via eFXnews) technical analysis of seven major currency pairs for this week:

USD/JPY

1st support - 76.67 (minor)
1st resistance - 77.49 (minor)
2nd support - 76.30 (minor)
2nd resistance - 77.86 (minor)


USD/JPY is likely to trade in a higher range this week as the daily MACD and stochastic indicators are bullish, and the five- and 15-day moving averages are rising. Resistance is ........

CHARTING FOREX: Dollar Bearish But Oversold Vs Most FX Majors This Week (full story)

Gen dk 11:36 GMT October 17, 2011 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

User 11:34 GMT October 17, 2011 Reply   

Will AUD rise or fall? Shall I hold?

Israel Dil 11:30 GMT October 17, 2011
GREECE

it's 1.36 target before Wednesday, then sell again bit higher :-)

Israel Dil 11:28 GMT October 17, 2011
GREECE

Sell EURUSD
Entry: Target: Stop:


going euro long is not only asking for a haircut, it's also asking for a piercing with M16 to your trading account.

fwiw and imo

gl/gt

Richland QC Mailman 11:24 GMT October 17, 2011
KaL's Trend and Level

Hence, we are now long at this level 1.5737 for some dead cat bounce of gbp/usd.

Richland QC Mailman 11:22 GMT October 17, 2011
KaL's Trend and Level

kal, we are USD bull but would like to see how 1.5730-20 area will hold... hmmm.

GVI Forex john 11:22 GMT October 17, 2011
Trade Talk- Whats Moving Markets

Equities
DAX -38

Futures:
DJIA -22
S&P -3

DAX had been up 118 at one point today.

GVI Forex john 11:18 GMT October 17, 2011
Trade Talk- Whats Moving Markets

- Headline came out about 1 hour and 15 mins ago. It turned the markets gradually after it came out.
- Suggests to us that the markets do not have strong convictions? as clearly all Germany was doing was to lower expectations.

Ind! Rafe... 11:18 GMT October 17, 2011
gold

ab//what is the meaning of c9?

hk ab 11:17 GMT October 17, 2011
gold
Reply   
now long at 1680 with s/l 1673 to fight with c9!

London Misha 11:15 GMT October 17, 2011
Observations
Reply   
EURUSD - Bullish Engulfing Pattern on Daily Chart.
USDJPY - Bullish Harami with possible but unlikely Bullish Inverted Hammer on Daily Chart.
GBPUSD - Three White Soldiers on Daily Chart.
USDCHF - Bearish Engulfing Pattern on Daily Chart.
EURGBP - Bullish Engulfing Pattern on Daily Chart. Market rejects Long MA support.
EURJPY - Bullish Engulfing Pattern on Daily Chart.
USDCAD - Bearish Engulfing Pattern on Daily Chart.
AUDUSD - Still following on the big Key Reversal Up on Daily Chart! Nearing Long MA resistance.

GVI Forex john 11:13 GMT October 17, 2011
Trade Talk- Whats Moving Markets

--EARLIER Market-Moving News --

"Dreams" that everything will be solved by EU summit (Oct 23) will not be met- German government Spokesman


Vancouver neugierig 11:11 GMT October 17, 2011
EURUSD Levels.

s1 dail 1.3769 EPiVot Ultrashort M scifi Euro-usd
mystified by the numbers jives @99down sunday open 1.6368

hk ab 11:02 GMT October 17, 2011
gold
Reply   
strong resistance = strong support now!

Saar KaL 10:56 GMT October 17, 2011
KaL's Trend and Level

gbpjpy right into 123.8

Syd 10:56 GMT October 17, 2011
So Much For Dreams, Hopes And The European Way: Schaeuble, Merkel Warn EU Summit To Be A Dud
Reply   
Nobody could have foreseen this, certainly not the vacuum tubes who took the S&P for a ride for nearly 150 points. As Reuters reports, "the euro fell to a session low versus the dollar on Monday after comments from German Finance Minister Wolfgang Schaeuble saying the EU summit would not present a definitive solution to the euro zone debt crisis prompted investors to sell the single currency."

German Chancellor Angela Merkel has made it clear that “dreams that are taking hold again now that with this package everything will be solved and everything will be over on Monday won’t be able to be fulfilled,” Steffen Seibert, Merkel’s chief spokesman, said at a news briefing in Berlin today.

hk ab 10:51 GMT October 17, 2011
1677
Reply   

Entry: 1680 Target: 1725 Stop:

change entry to be slightly lower.

GVI Forex Blog 10:51 GMT October 17, 2011 Reply   
The euro came off highs on Monday after German Finance Minister Wolfgang Schaeuble said a forthcoming European Union summit would not yield a definitive solution to the region's debt crisis.

FOREX NEWS - Euro turns lower on German finance minister comments

Saar KaL 10:46 GMT October 17, 2011
KaL's Trend and Level

Eurjpy adding much more at 106.6
gbpjpy more longs at 121.6

GVI Forex Blog 10:46 GMT October 17, 2011 Reply   
This is a week that will be looking ahead to the Oct 23 EU Summit and expected details of the bank recapitalization plan. This suggests a week absent of key news except for rumors, hints, unconfirmed reports as markets await specific details.

Forex Weathermap - EURUSD

Ind! Rafe... 10:44 GMT October 17, 2011
euro support
Reply   
there is weekly support for euro at 13690

GVI Forex john 10:43 GMT October 17, 2011
Global-View.com Forex Heat Maps

Heat Map
Be sure to refresh forum manually to update heat maps.
- Red cells for EUR suggests Eur across the board softness.
- Red cells for USD indicate currencies weaker vs. USD.
- Curiously, commodities are higher.

Any comments?

GVI Forex Jay 10:42 GMT October 17, 2011
Forex Weathermap - EURUSD
Reply   


10:40 GMT (Global-View.com) Oct 17 - This is a week that will be looking ahead to the Oct 23 EU Summit and expected details of the bank recapitalization plan. This suggests a week absent of key news except for rumors, hints, unconfirmed reports as markets await specific details.

In the meantime, eurusd has extended its high overnight to 1.3913, just shy of the 50 day mva (1.3834) and key 1.3936 Sept 15 high (see daily chart), which leaves the focus on 1.38 to set its bias. Key for eurusd is whether bids emerge above or below 1.38 but only a break of the 20 day mva (1,3554) would reverse its tone. Similar to last week, keep an eye on stocks as they are helping (as usual) to set the risk tone. Using 1.3144-1.3913, 1.3732 = 23.6% in the absence of any key nearby levels.

Daily Forex WeatherMap - by Jay Meisler
Oct 17, 2011 EURUSD (Current rate: 1.3825)
Bias: Losing momentum but still has a lingering BOD (bid on dips) bias while above 1.3800 although upside capped unless 1.3936 is taken out. Bias would shift if below 1.38. Expected range: 1.3720-30/1.3750-1.3850/70/00

www.global-view.com

Forex Forum

Saar KaL 10:42 GMT October 17, 2011
KaL's Trend and Level

usdchf major short here
cable major long
new lows and new highs comin

GVI Forex john 10:36 GMT October 17, 2011
Global-View.com Forex Heat Maps
Reply   

Be Sure to Refresh Forum Manually to Update Heat Map.


Saar KaL 10:36 GMT October 17, 2011
KaL's Trend and Level

cable long here QC
yeeeeeeeeeeeee haaaaaaaaaa

Richland QC Mailman 10:15 GMT October 17, 2011
USD/CAD - now officially a BUY
Reply   
Ok folks. Was not able to look closely at this pair but we thought the pair is already sitting on attractive levels (50% fibo - 1.0656 down to 9406). 1.0040 is now crucial gate. Looking to buy on some dip towards this level later.

GVI Forex Blog 10:15 GMT October 17, 2011 Reply   
Risk appetite sustained EUR/USD which crossed the 1.3900 level reaching 1.3920 but finally hovering around 1.3900. Markets welcomed G20's commitment to avoid contagion by pressuring the EU officials to present a comprehensive plan on the Oct 23rd summit. This plan would include the recapitalization of banks, the leverage of EFSF and a new debt relief plan for Greece. But traders now that European fundamentals remain weak and a comprehensive solution is likely not to be found at the next week's meeting.

TradeTheNews.com European Market Update: EU banks, Euro rise amid continued optimism about the EU's Oct 23rd summit

Richland QC Mailman 10:10 GMT October 17, 2011
KaL's Trend and Level

Ok folks. closed all aussie and cable shorts at current levels for some decent gains for today.

Kal, time now for these ccys to go up for us to short it again later. Name of the game continues to be USD buying. Time for correction is very RIPE at this stage.

GVI Forex john 10:04 GMT October 17, 2011
Trade Talk- Whats Moving Markets
Reply   

  • Key Items- US- Empire PMI, Industrial Production.

  • Finance Ministers in Europe have promised a comprehensive plan to address the European financial crisis by Sunday October 23. Press talk is that the plan envisions a 50% haircut for Greek sovereign debt, bank recapitalizations and assistance to other sovereign governments and recapitalize the banking system.

  • One key question is whether sovereign states will have the local support needed to make the public sector spending cuts envision. 

  • Another issue could become how much help will be funneled through the IMF. Countries such as the U.S., Japan and U.K., are substantial contributors to the IMF. This means that these three nations (and others) would be providing a lot of financial support to the Eurozone, for what many could feel is an internal problem.

  • Large European banks are going to be forced to improve their capitalization in preparation for an inevitable Greek default  One method for a bank to increase its capitalization is to cut back on its lending exposure. This suggests reduced future economic growth as loan portfolios are cut back, a reduction in dividends, and increased government participation in ownership of the banks.

  • Japan downgraded its economic outlook today. It cited a slowing global economy and overly strong JPY as significant headwinds.

Syd 10:04 GMT October 17, 2011
DJ Merkel Considers Dream of Resolving All Problems At EU Summit Impossible -Spokesman
Reply   
DJ Merkel Considers Dream of Resolving All Problems At EU Summit Impossible -Spokesman

Vancouver neugierig 10:02 GMT October 17, 2011
EURUSD Levels.

Buy EURUSD
Entry: Target: Stop:

@24/7 direction daily basics! welcome

Syd 10:01 GMT October 17, 2011
Buba: German Economic Outlook Has Further Worsened
Reply   
The economic outlook in Germany for late 2011 and early 2012 has worsened further, the Deutsche Bundesbank said Monday in its Monthly Bulletin for October.

It said that firms have again lowered expectations and that the inflow of new orders "has noticeably fallen."

"Clearly" weaker demand will make it hard for industry to maintain in coming months in adjusted terms the higher output volumes seen in the summer, the bank said.

The Bundesbank's head Jens Weidmann said over the weekend that his bank expects weaker growth in Germany, but no recession

hk ab 10:00 GMT October 17, 2011
gold
Reply   
Will it be a stop eating day for both bulls and bears.....

Seems all bears stops are eatern well enough above 1690.....

let's see.

Syd 09:56 GMT October 17, 2011
TradeTheNews.com Germany Gov't Spokesman Siebert:
Reply   
Germany Gov't Spokesman Siebert: "Dreams' that everything will be solved on EU crisis next Monday "cannot be met"

TradeTheNews.com

GVI Forex john 09:50 GMT October 17, 2011
Global-View D.O.G. Iindex
Reply   
09:45 GMT (Global-View.com) October 17- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is opening in North America at .5177, -0.16% from its Friday close (-3.77% ytd).

As for its key subcomponents, the USD forex purchasing power index is .7523, -0.01% (-3.33% ytd). The forex index is value is calculated against the top six trading currencies.

Against gold, the USD purchasing power index is currently worth .1704, -0.54% (-16.00% ytd).

Against crude, it is at 0.5086, -0.59% (+4.28% ytd). The D.O.G. Index base is 1.00. It is set against levels from the start of 1999, as of the initial launch of the euro (currency).

D.O.G. Homepage

hk ab 09:49 GMT October 17, 2011
gold
Reply   
need to do something to stop all these c9 fluke.

buy 1683, stop 1677

Syd 09:49 GMT October 17, 2011
Think tank urges interest rate cut
Reply   

INTEREST RATES should be slashed to virtually ZERO to prevent a crippling downturn - a think tank sensationally warned last night.

The influential Ernst & Young ITEM Club instead urged the Bank of England to cut interest rates from their record low of 0.5 per cent.

Richland QC Mailman 09:48 GMT October 17, 2011
KaL's Trend and Level

Richland QC Mailman 07:33 GMT October 17, 2011
KaL's Trend and Level: Reply
Blowing north... right. But still shorting at 1.0345. Exited earlier aussie shorts 1.0322 with tiny profits. This one let us see.
-----------------------------
Added more at at 1.0362. But closed the 1.0345 multiple shorts after this dip for some meager pips again. Hence only 2 shorts remaining. 1.0370 is I think a VERY CRUCIAL level at this point.

Gen dk 09:47 GMT October 17, 2011 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

GVI Forex Blog 09:45 GMT October 17, 2011 Reply   
Key Items- US- Empire PMI, Industrial Production. Finance Ministers in Europe have promised a comprehensive plan to address the European financial crisis by Sunday October 23. Press talk is that the plan envisions a 50% haircut for Greek sovereign debt, bank recapitalizations and assistance to other sovereign governments and recapitalize the banking system.

Forex Trade Talk 10:00 GMT 17 October 2011

Richland QC Mailman 09:44 GMT October 17, 2011
KaL's Trend and Level

That is kinda Biggy coz we got some high respect for you my friend! hehehe

Vancouver neugierig 09:39 GMT October 17, 2011
EURUSD Levels.

16366 correct saw3wait 1.3866

15minbarnone neugierig 09:33 GMT October 17, 2011
EURUSD Levels.

h tideatheway 99% gone international dining e with the media low 1.6366

hk ab 09:32 GMT October 17, 2011
gold
Reply   
OMG, C9 power!!!

Saar KaL 09:32 GMT October 17, 2011
KaL's Trend and Level

No Biggy QC
Just diff time frame I guess...lol

Syd 09:32 GMT October 17, 2011
Euro TradeTheNews.com
Reply   
German Fin Min Schaeuble: Upcoming EU summit will not reveal final solution to
the debt crisis

TradeTheNews.com

Saar KaL 09:24 GMT October 17, 2011
KaL's Trend and Level

Long EURJPY here

Richland QC Mailman 09:19 GMT October 17, 2011
KaL's Trend and Level

Hi Kal. Sold cable 1.5805. Sorry to be on the other side of the fence.

Vancouver neugierig 09:18 GMT October 17, 2011
EURUSD Levels.

Long e Pivot finetune Re source 1.3916

havinfunrafe wishuwell

Ind! Rafe... 09:07 GMT October 17, 2011
EURUSD Levels
Reply   
Short Long
R 1.3872 1.3916
S 1.3355 1.3399

Fancy neugierig 09:04 GMT October 17, 2011
levels talk about

EURUSD
Entry: Target: Stop:

tryreasure news behind the news wait dow opens flipflop

Ind! Rafe... 09:03 GMT October 17, 2011
EURUSD Levels.
Reply   
prime example: The S/R points act like breakout levels as well.

The left side RS levels are for shorts.
The right side RS levels are for longs.

In this case since we have been longing from 13145 we use 13916 and 13399.

since it looks like we are gonna breakout from 13916 we long at that point on break and hold above 13916.

Syd 09:02 GMT October 17, 2011
Moody's: Fall Of Slovakia's Government Is Credit Negative
Reply   
The collapse of Slovakia's government is credit negative as it increases uncertainty and threatens its fiscal consolidation targets, analysts at Moody's Investors Service said Monday.

Varna GV 08:58 GMT October 17, 2011
euro
Reply   
Sell EURUSD
Entry: Target: Stop:

It's time to sell EUR/USD and DOW i think, good luck and good trade for all!!

Ind! Rafe... 08:58 GMT October 17, 2011
EURUSD Levels.
Reply   
Buy EURUSD
Entry: Target: Stop:

R 1.3872 1.3916
S 1.3355 1.3399

Mtl JP 08:54 GMT October 17, 2011
Europe's lost decade as $7 trillion loan crunch looms

former GS man, current BoC chief and to G20 leadership aspiring Carney said on the week-end that "Europe is an incredibly rich continent that can easily afford what needs to be done" - cbc

now a piece in the Sunday Times quotes G20 sources as saying that
- China is willing to pump billions into the euro zone by buying infrastructure assets
- Chinese banks would increase purchases of euro zone sovereign debt.
- the Chinese want to see more budget cuts and structural reforms.
--
IF europe can "easily afford what needs to be done" why should it bend to Chinese money strings ?

Saar KaL 08:52 GMT October 17, 2011
KaL's Trend and Level

Long EURUSD and GBPJPY

Vancouver neugierig 08:49 GMT October 17, 2011
levels talk about

curiosity skills for estimativa

Syd 08:49 GMT October 17, 2011
France's Debt Rating Is Under Threat - Deutsche
Reply   
France's debt rating is under threat, says Deutsche Bank, which sees a "distinct risk" that France could be put under negative watch by the ratings agencies before the end of the year as a result of the deterioration in economic conditions. It sees French GDP growth at 0.3% in 2012, well below the IMF's 1.4%. "We think that France has the wherewithal to react to such an outcome and could avoid an outright downgrade by taking corrective measures quickly, but this naturally would be a very sensitive political decision a few months before a major election," Deutsche Bank adds.

Saar KaL 08:49 GMT October 17, 2011
KaL's Trend and Level

DJI wants 12,000 today

Saar KaL 08:42 GMT October 17, 2011
KaL's Trend and Level

will keep buying Cable till 1.62
eurusd till 1.44
audusd till 1.1

shutup neugierig 08:36 GMT October 17, 2011
levels talk about

EURUSD
Entry: Target: Stop:

W&Tfull [email protected]

Saar KaL 08:27 GMT October 17, 2011
KaL's Trend and Level

audcad very bullish
Buyyyyyyyyyyyy
till 1.032 tgt 1.08

Saar KaL 08:18 GMT October 17, 2011
KaL's Trend and Level

Long audchf
and nzdjpy

hk ab 08:13 GMT October 17, 2011
gold
Reply   
ok, no man land.

they added at 1694. fwiw.

hk ab 08:09 GMT October 17, 2011
gold

how confiden is your gold range? may I ask?

The fluke record of C9 is very scary recently on gold.

buy break on 1660, sell break of 1650..... all go with their directions in the last 2 weeks.

will be sideline to see the response.

I do think dlr.jpy is brewing sth big for us......

Tokyo Rana 08:09 GMT October 17, 2011
jpy
Reply   
Buy EURAUD
Entry: 1.3415 Target: open Stop: 1.3315

going long...happy trade,

hk ab 08:06 GMT October 17, 2011
usd
Reply   
I remember that someone mentioned that USD can't be strong towards all curr. if yen weakens, does it mean eur can be lifted up?
under this chaotic situation?

Saar KaL 08:03 GMT October 17, 2011
gold

ab
i do not think you should short it
i think will do range for a couple of days
1720 to 1660

hk ab 07:57 GMT October 17, 2011
gold
Reply   
can't understand the c9 but they initiated short on gold just now at 1690.......

Shall I follow?

hk ab 07:56 GMT October 17, 2011
yen
Reply   
If dlr/jpy breaks through 80 in 1 session, will it lead to a huge buying of USD for those speculative shorts on dlr/jpy in the past 3 yrs?...... big ?

Saar KaL 07:56 GMT October 17, 2011
KaL's Trend and Level

will buy eurusd today
if less then 1.3978

Saar KaL 07:55 GMT October 17, 2011
gold

ab
i will not trade gold this week
1720 seems too high for this weeks
will buy next week

Saar KaL 07:52 GMT October 17, 2011
KaL's Trend and Level

QC
today will buy lower then 1.0445

hk ab 07:44 GMT October 17, 2011
gold
Reply   
rana, my stop is just at 1685. Let's see how it developes later.

May enter long when it retraces back later.

GVI Forex Blog 07:41 GMT October 17, 2011 Reply   
Dollar-Swiss fell sharply last week and is now trading below 0.9000.

FX Thoughts for the day : 17-oct-2011 - 0737 GMT

Richland QC Mailman 07:33 GMT October 17, 2011
KaL's Trend and Level

Blowing north... right. But still shorting at 1.0345. Exited earlier aussie shorts 1.0322 with tiny profits. This one let us see.

hk ab 07:31 GMT October 17, 2011
gold
Reply   
ok, stopped.

hk ab 07:29 GMT October 17, 2011
gold
Reply   

Another session with no chinese buying......

Saar KaL 07:15 GMT October 17, 2011
KaL's Trend and Level

audusd will blow north folks
nzdusd the same

Syd 07:08 GMT October 17, 2011
Greece
Reply   
Greece is actually in ICU on life support , someone should pull the plugs and release them from this misery instead of this continuous Resuscitation its like working on a dead body

Syd 07:04 GMT October 17, 2011
German private banks call Greece bankrupt: magazine
Reply   
Reuters) - Germany's private banks called for euro zone policymakers to finally accept that Greece is insolvent and also pressed for rules that would force lenders to set aside capital on their balance sheets for government bonds

"Greece is not able to pay back its current debts even over the course of generations," said Andreas Schmitz, the head of German bank lobbying group BdB, in an interview with the WirtschaftsWoche.

Syd 07:00 GMT October 17, 2011
Greek Debt Write-Down Must Be Larger: German Finance Minister
Reply   
BERLIN (Reuters) - Greece's debt crisis cannot be solved without larger write downs on Greek debt and governments are trying to persuade banks to accept this, German Finance Minister Wolfgang Schaeuble said on Sunday, just days ahead of a key EU summit.

link

armado Neugierig 06:55 GMT October 17, 2011
levels talk about
Reply   
EURUSD
Entry: Target: Stop:

níveau is OFSET To bar.

Saar KaL 06:51 GMT October 17, 2011
KaL's Trend and Level

this week's plan

Pivot levels

EURUSD 1.404 Buy
USDJPY 77.5 Buy
GBPUSD 1.5940 Buy
USDCHF .8755 Sell
AUDUSD 1.0650 Buy
USDCAD 1.0000 Sell
NZDUSD .8240 Buy

GVI Forex Blog 06:04 GMT October 17, 2011 Reply   
(JP) JAPAN OCT CABINET OFFICE MONTHLY ECONOMIC REPORT: DOWNGRADES ECONOMIC ASSESSMENT IN OCTOBER FOR FIRST TIME IN 6-MONTHS - (SI) SINGAPORE SEPT ELECTRONIC EXPORTS Y/Y: -13.6% V -14.7%E; NON-OIL

TradeTheNews.com Asian Market Update: Baroin gives date for resolution on key factors plaguing the EU; China Premier Wen comments on the yuan

BLR virgoan 05:57 GMT October 17, 2011
EUR/USD
Reply   
Started accumulating shorts in EUR/USD. This pair seems to be losing its momentum gradually and looks quite susceptible. Crucial resistance level of 1.3950 seems a herculean task to overcome now. Will short every high and look for a target of 1.3350-1.3530. Happy trading.

Saar KaL 05:45 GMT October 17, 2011
KaL's Trend and Level

Long NDX for all week position

Saar KaL 05:17 GMT October 17, 2011
KaL's Trend and Level

might be right
for 50 pips
will keep adding longs
pivot this week 1.5940

eurusd pivot 1.4040
i am buying more

Richland QC Mailman 05:10 GMT October 17, 2011
KaL's Trend and Level

Hi Kal. Good afternoon to you trading pal. How about shorting it instead of longing it?

Ok will short this one - just one possie with tight stops after today's high.

Saar KaL 04:58 GMT October 17, 2011
KaL's Trend and Level

long cable here at 1.5790
tgt 1.5878
tgt2 1.5920

hk ab 04:52 GMT October 17, 2011
gold
Reply   
It seems that we have huge camps of both bulls and bears......

hk ab 04:50 GMT October 17, 2011
Gold

I found a very vague but valid indicator, i.e. check with CME to see if they will suddenly increases teh margin ratio for the gold traders or not......

Syd 04:46 GMT October 17, 2011
Putting an end to the euro would be better than yet another bail-out
Reply   
‘Something” will happen by early November, we were told last Sunday.
What this “something” is, wasn’t disclosed. Yet even this contrived and feeble display of Franco-German decisiveness was enough to send stock markets shooting up. So what if there’s still fundamental disagreement between France (massively expand the European Financial Stability Facility, with Germany paying most) and Germany itself (individual nations and private creditors should take the hit)?

So serious is Europe’s predicament, and so damaging the potential global fallout, that the US, together with China and the other reserve-rich emerging giants, are now preparing to rescue strait-jacketed eurozone banks and governments. Well, their cash should come with conditions. And “euro break-up” should be top of the list.

HONG KONG acetrader 04:45 GMT October 17, 2011
IMPORTANT!!! INTRA-DAY USD/JPY OUTLOOK - 77.18
Reply   
17 Oct 2011 04:28GMT...

Dlr has traded narrowly but with a soft undertone in Tokyo session due partly to cross-buying of yen, suggesting consolidation below last week's high at 77.48 wud continue with nr term downside bias, how- ever, reckon 76.75 wud hold n bring rebound later. For st trade, sell on recovery n only abv 77.48 wud extend recent erratic rise to 77.60/65, 77.86.

acetrader

Syd 04:40 GMT October 17, 2011
Europe's lost decade as $7 trillion loan crunch looms
Reply   
Europe’s banks face a $7 trillion lending contraction to bring their balance sheets in line with the US and Japan, threatening to trap the region in a credit crunch and chronic depression for a decade

Stephane Deo from UBS said Greece might have to "repudiate its debt entirely" with a 100pc haircut for banks to give itself enough oxygen to breathe again. This would be an earthquake.

No sane investor believes this will stop with Greece. Portugal is in much the same trouble, despite the heroic austerity drive of premier Pedro Passos Coelho -- a latter day Marques de Pombal. The country’s total debt will top 360pc of GDP next year, and its current deficit is stuck near 10pc of GDP. This mix is worse than in Greece. It is untenable.

Even if the IMF and the China-led `BRICS’ were to step with in half a trillion or so, this would could create a fresh problem. Foreign purchases of EMU bonds would force up the value of the euro. The effect would tighten the trade noose even further on Spain, Italy, and France. Perhaps that is why Brazil’s Guido "currency war" Mantega likes the idea. It is exchange manipulation behind diplomatic cover.

So perhaps there is no solution for EMU after all. Kultur is the ultimate economic fundamental.

The sheer scale of Europe’s bank excesses -- roughly equal to Alan Greenspan’s household bubble in America -- shows what EU leaders are up against as they thrash out their latest "Grand Plan" to save Euroland.

hk ooozmeeh 04:37 GMT October 17, 2011
Gold
Reply   


Gold at the crossroad of extending the 1580-1680 congestion or resuming the secular bull trend. i still prefer the last. gl gt

Syd 04:13 GMT October 17, 2011
DJ China Statistics Bureau Official: Too Early To Reverse Tightening Policies -Xinhua
Reply   
China's economy is unlikely to face a hard landing, but this isn't the right time for the government to reverse its tightening policies, the state-run Xinhua News Agency reported Monday, citing an official at the National Bureau of Statistics.

Pan Jiancheng, deputy director of the bureau's China Economic Monitoring & Analysis Center, said China's economy is still expanding and domestic enterprises' sales and profits are growing at a stable rate.

Pan said investment growth may slow moderately in the fourth quarter, and export growth will also decline, but the government will stay the course with its macroeconomic policies.

"We shouldn't worry about a hard landing, instead, we should worry that the economic transformation may not show noticeable results under the (government's) macroeconomic control policies," Pan was quoted as saying.

Boston eFX 04:09 GMT October 17, 2011
USD/JPY May Rise Above 77.50 On Japan Steps -Dealer
Reply   
(Dow Jones via eFXnews) The USD/JPY may rise above 77.50 from last at 77.20 if Japan's government unveils its new steps against the strong JPY as early as this week as suggested by officials who spoke to Dow Jones late last week, while language in the G-20 statement over the weekend could also buoy the pair, says a senior FX dealer at a major Japanese bank.

"The G-20 statement contained....

USD/JPY May Rise Above 77.50 On Japan Steps-Dealer (full story)

Syd 02:46 GMT October 17, 2011
Saudi central bank chief not interested in purchasing distressed EU assets - financial press
Reply   
Saudi central bank chief not interested in purchasing distressed EU assets - financial press

TradeTheNews.com

someone showing some sense!!

Syd 02:21 GMT October 17, 2011
Job cuts: coming to a suburb near you
Reply   
It's the prickle at the back of the neck felt by mortgage-belt bank workers in Sydney and Melbourne: the forthcoming rounds of financial services' job cuts

In one researcher's opinion, white-collar job losses are feeding into seemingly well-off suburbs that are already experiencing ''recession-level'' unemployment growth.



On the forthcoming redundancies, no bank is issuing press releases with the headline ''You're fired!'' but, behind the scenes, the realisation has set in that the banking game's major growth engine isn't coming back any time soon.



no bank is issuing press releases with the headline ''You're fired!''

hk ab 01:53 GMT October 17, 2011
RBS
Reply   
Anyone has the follow up news of RBS?

KL, HSI 18888 short tempted.

Boston eFX 01:49 GMT October 17, 2011
IMF Powers Resist Talk Of Rescuing Euro Zone
Reply   
(Dow Jones via eFXnews) Despite increasingly loud offers of assistance from emerging economies and the International Monetary Fund, a fix for Europe's debt crisis appears likely to remain firmly in the hands of the Europeans.

A handful of emerging-market officials, showing off their growing swagger on the international stage, headed into a meeting of.....

IMF Powers Resist Talk Of Rescuing Euro Zone (full story)

Syd 01:26 GMT October 17, 2011
Australia's biggest lender - the CBA - has launched a "double up" campaign to push personal bankers
Reply   
BANK staff are being offered Christmas party bonuses, free meals and other prizes to push more credit cards, loans, insurance policies and other products to customers.

Staff at the four major banks, which are expected to record a combined profit of $24.2bn this financial year, have also revealed the tactics used to win over customers.

Syd 01:16 GMT October 17, 2011
Chinese hard landing won't help western economies
Reply   
China's exports may be in decline – which is not the economic good news that some might think

link

Syd 00:45 GMT October 17, 2011
aud
Reply   
Australian New Auto Sales -1.5% In September Vs August

WSJ(10/17) Iran, Saudi Arabia Tensions Spur Fears Of A Proxy War
Rising tensions between Saudi Arabia and Iran are raising concerns that a renewed proxy war between the two powers could break out in Iraq, where the expected withdrawal of at least some U.S. military troops at the end of the year is expected to leave a new vacuum of power.
Arab officials believe that the pipeline of funds and aid from Iran to Iraqi Shiites is even stronger than five years ago, and the network of support to Iraqi Sunnis from Saudi Arabia is easy to restore, especially if U.S. troop presence diminishes.

"Take [U.S. troops] out of the equation and you're looking at a possible new field of play," says one Arab diplomat.

Syd 00:37 GMT October 17, 2011
UK economy 'stalled'
Reply   
UK economy 'stalled', warns Item ClubErnst & Young Item Club lowers forecasts for UK growth to just 0.9% and warns that Britain is 'stalled at a dangerous junction'

Item's warning comes as official data on Tuesday is expected to show that increases in domestic fuel bills pushed inflation to 5% last month, intensifying the squeeze on living standards.

Richland QC Mailman 00:29 GMT October 17, 2011
AUD/USD Unlikely To Return To Year Highs -NAB

Good morning folks. Shorted aussies 1.0322. Open target for now.

Boston eFX 00:12 GMT October 17, 2011
AUD/USD Unlikely To Return To Year Highs -NAB
Reply   
(Dow Jones via eFXnews) As the AUD/USD surges on renewed optimism about the euro-zone debt crisis, a return to the highs of earlier this year are unlikely, says Emma Lawson, an FX strategist with National Australia Bank.

The AUD/USD is.......

AUD/USD Unlikely To Return To Year Highs -NAB (full story)

 




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Mon 27 May 2019
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