dc CB 23:35 GMT October 19, 2011
Earnings?
Reply
One of the more interesting stories today was embedded in Morgan Stanley’s earnings report. The street expected the company to earn $.30 but the company beat with $1.15 based on an accounting adjustment. How did that work?
The company has debt, and plenty of it, but they adopted the unique DVA (Debt Value Adjustment) ploy.
It goes like this. The company’s debt has become worth much less in the open market. If they bought the debt back in the open market they would gain $3.4 billion in profits—as CEO James Gorman stated: “It’s a bizarre accounting anomaly”. I’ll say! Without this adjustment the company earned $.03. This is the kind of stuff going around these days that doesn’t pass the sniff test.
I wonder if you could perform this trickery as a small business person trying to borrow some money from a bank like Morgan Stanley. Not a chance in censored would be the answer.
Phoenix Sun 23:21 GMT October 19, 2011
eurusd
Reply
Sell EURUSD
Entry: 1.3800-50 Target: 1.3650-00 Stop: 1.3880 bid
Limit to the upside before the weekend
Lahore FM 22:29 GMT October 19, 2011
" Trade Ideas "
Sell EURGBP
Entry: 0.8723 Target: 0.8220 Stop: later
sold.
Lahore FM 22:28 GMT October 19, 2011
" Trade Ideas "
Sell GBPUSD
Entry: 1.5799 Target: 1.5620 Stop: 1.5805 bid
Lahore FM 16:40:30 GMT - 10/19/2011
Sell GBPUSD
Entry: 1.5799 Target: 1.5620 Stop:
sold.
--
sl in now.
sofia kaprikorn 22:17 GMT October 19, 2011
boj
Reply
Buy USDJPY
Entry: Target: Stop:
long usd/jpy 76.83
dc CB 21:50 GMT October 19, 2011
European CDS Ban Sends 1 Year Greek Bond Yield To 188%
Reply
Greek 1 Year bonds: the most liquid proxy for default in the absence of 1 Year CDS, closed at 183%, after hitting an all time high of 188%, following yesterday's 173% close.
To all those who bought 1 Year Greek bonds when yields hit 100% a month ago because "they just couldn't possibly drop any more, and you would double your money in one year guaranteed", condolences for the 50% loss.
ZH
GVI Forex john 21:22 GMT October 19, 2011
Trade Talk- Whats Moving Markets
- Headlines continued to flow after we finished the afternoon version of the daily. Bottom line, its looking like getting an agreement between the various parties is going to be very difficult by the weekend.
- Expect more of the same on Thursday and Friday.
GVI Forex john 21:12 GMT October 19, 2011
Trade Talk- Whats Moving Markets
Reply
-
Key
Items- GB- Retail Sales. US- Wkly Jobs, Philly Fed, Exist
Homes.
-
Discussions
between France, Germany and the ECB ahead of the weekend EU/EZ
meetings generated considerable interest on Wednesday. There is
considerable risk that leaders could disappoint the markets with a
sub-optimal result. A key element of an agreement will be some sort
of technique for leveraging the EFSF funds to something well above
EUR 1 tln, but it appears that the ECB is balking at participating
in underwriting EZ bonds. On Wednesday French President Sarkozy
dropped everything to fly to Berlin at the last minute to meet with
Chancellor Merkel and President Trichet.
-
We
would not be surprised to see sharp market reactions to headlines
(many misleading) before the close of business on Friday. The stakes
for the weekend are high. Markets will be very displeased if
something substantial is not announced before the Monday Far East
market open.
-
In
Greece, a 48 hour strike is underway protesting austerity moves.
Some government workers are engaging in a "white out",
whereby they show up at work but do nothing. Major pay cuts are not
going down well within Greece.
-
BOE
policy minutes released today were dovish and initially weighed on
the GBP.
Syd 20:57 GMT October 19, 2011
Moody's Just Made 16 More Huge Downgrades In Spain
Reply
Moody's Investors Service downgraded nine Spanish regions, two Basque provinces, and five government-related entities, a day after it downgraded Spanish sovereign debt.
remains on downgrade review.
This newest report confirms that the gravity of the debt crisis is deepening in Spain, one of the countries most vulnerable to banking contagion.
Here's the full release from Moody's.
Boston eFX 20:41 GMT October 19, 2011
MONEY TALKS: France Suffers Periphery Woes
Reply
(Dow Jones via eFXnews) Yield spreads on French government bonds over their German equivalents have blown out.
Investors seem to have taken fright at the risk the French government will lose its triple-A rating as it is forced to bail out its banks in response to Europe's running sovereign-debt crisis. Spreads are now the highest they've been since the crisis in the exchange rate mechanism--the euro's precursor--in the early 1990s.
Certainly, investors are ....
MONEY TALKS: France Suffers Periphery Woes
Syd 20:40 GMT October 19, 2011
Leveraged ETF labels deserve study: SEC
Reply
WASHINGTON (MarketWatch) — The nation’s top watchdog for the multi-trillion-dollar asset management industry on Wednesday said serious consideration should be given to a suggestion that exchange-traded-funds that are leveraged and employ derivatives should be labeled as something other than ETFs.
(MarketWatch
GVI Forex john 20:32 GMT October 19, 2011
USD Piivot Points
Reply
Pivots EURUSD USDJPY USDCHF GBPUSD USDCAD AUDUSD
Res 3 1.3982 77.13 0.9150 1.5993 1.0391 1.0464
Res 2 1.3926 76.99 0.9094 1.5920 1.0303 1.0408
Res 1 1.3836 76.90 0.9061 1.5843 1.0256 1.0313
Pivot 1.3780 76.76 0.9005 1.5770 1.0168 1.0257
Sup 1 1.3690 76.67 0.8972 1.5693 1.0121 1.0162
Sup 2 1.3634 76.53 0.8916 1.5620 1.0033 1.0106
Sup 3 1.3544 76.44 0.8883 1.5543 0.9986 1.0011
GVI Forex Blog 20:22 GMT October 19, 2011
Reply
Key Items- GB- Retail Sales. US- Wkly Jobs, Philly Fed, Exist Homes.
Discussions between France, Germany and the ECB ahead of the weekend EU/EZ meetings generated considerable interest on Wednesday. There is considerable risk that leaders could disappoint the markets with a sub-optimal result. A key element of an agreement will be some sort of technique for leveraging the EFSF funds to something well above EUR 1 tln, but it appears that the ECB is balking at participating in underwriting EZ bonds. On Wednesday French President Sarkozy dropped everything to fly to Berlin at the last minute to meet with Chancellor Merkel and President Trichet.
Forex Trade Talk 00:00 GMT 19 October 2011
GVI Forex john 20:12 GMT October 19, 2011
USD Moving Averages
Reply
|
10/19/2011
|
20:00
|
GMT
|
|
|
|
|
|
|
Latest
|
EURUSD
|
USDJPY
|
USDCHF
|
GBPUSD
|
USDCAD
|
AUDUSD
|
NZDUSD
|
|
Last
|
1.3747
|
76.80
|
0.9028
|
1.5766
|
1.0208
|
1.0217
|
0.7907
|
|
High
|
1.3869
|
76.86
|
0.9038
|
1.5847
|
1.0216
|
1.0353
|
0.8010
|
|
Low
|
1.3723
|
76.63
|
0.8949
|
1.5697
|
1.0081
|
1.0202
|
0.7896
|
|
Change
|
-0.0041
|
0.04
|
0.0064
|
0.0026
|
0.0079
|
-0.0077
|
-0.0059
|
|
MVA
|
EURUSD
|
USDJPY
|
USDCHF
|
GBPUSD
|
USDCAD
|
AUDUSD
|
NZDUSD
|
|
5 day
|
1.3790
|
76.89
|
0.8975
|
1.5766
|
1.0172
|
1.0247
|
0.7961
|
|
10 day
|
1.3690
|
76.84
|
0.9037
|
1.5688
|
1.0233
|
1.0091
|
0.7884
|
|
20 day
|
1.3570
|
76.75
|
0.9056
|
1.5602
|
1.0299
|
0.9907
|
0.7797
|
|
50 day
|
1.3905
|
76.81
|
0.8583
|
1.5922
|
1.0038
|
1.0238
|
0.8103
|
|
100 day
|
1.4114
|
78.14
|
0.8388
|
1.6060
|
0.9858
|
1.0451
|
0.8216
|
|
200 day
|
1.4082
|
80.14
|
0.8764
|
1.6135
|
0.9804
|
1.0383
|
0.7967
|
|
TREND
|
EURUSD
|
USDJPY
|
USDCHF
|
GBPUSD
|
USDCAD
|
AUDUSD
|
NZDUSD
|
|
BIAS
|
Up
|
Up
|
Down
|
Up
|
Down
|
Up
|
Up
|
GVI Forex john 19:47 GMT October 19, 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.
GVI Forex Blog 19:37 GMT October 19, 2011
Reply
19:25 GMT (Global-View.com) October 19- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is closing in North America at .5232, +0.75% from its Tuesday close (-2.75% ytd).
Global-View D.O.G. Index October 19, 2011 U.S. Close
GVI Forex Blog 19:35 GMT October 19, 2011
Reply
As we witness 2008 in super slow motion I was not surprised to see the following excellent article in the FT today for which I apologize for sending directly – but it is very important and should be read…and anyone not paying for FT should…can’t be in market without it.
David Gilmore's Alert. EZ Banks May Face Shortage of Collateral - FT
GVI Forex john 19:35 GMT October 19, 2011
Global-View D.O.G. Iindex
Reply
19:25 GMT (Global-View.com) October 19- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power
index is closing in North America at .5232, +0.75% from its Tuesday close (-2.75% ytd).
As for its key subcomponents, the USD forex purchasing power index is .7568, +0.35% (-2.74% ytd). The forex index
is value is calculated against the top six trading currencies.
Against gold, the USD purchasing power index is currently worth .1756, +0.82% (-13.48% ytd).
Against crude, it is at 0.5176, +2.47% (+6.14% 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
GVI Forex Blog 19:28 GMT October 19, 2011
Reply
AUD/USD and NZD/USD outlook next 24 hours: Immediate AUD appears to be heading towards 1.0120 support today, with NZD similarly heading to 0.7860. AUD/NZD shows no signs of reversal yet, 1.3000 possible this week. RBA-speak from Battellino and Edey will be watched this morning.
Forex - Morning Report (Westpac)
nyc k 19:18 GMT October 19, 2011
EUR/USD
Sarkozy left the meeting with Merkel without commenting because his wife gave birth and he must be there asap. I hope that helps jmr.
Norfolk jmr 19:16 GMT October 19, 2011
EUR/USD
Reply
Anyone think EUR/:USD may have a pull back toward 1.3800 prior heading lower? Trying to decide to cut losses here or wait for a little pull back.
GVI Forex 18:09 GMT October 19, 2011
Alert - Beige Book
Reply
-- Market-Moving News --
Beige Book:
Modest growth at a slow pace, wage pressures remain subdued
Stocks slip, fx folllows.
Beige Book
Tokyo Rana 17:54 GMT October 19, 2011
gold
Sell EURUSD
Entry: 1.3830 Target: open Stop: 1.383now
short from 1.383 clossed 33% @1.3765 65pips now stop be now...yesterday long was 130pips plus...happy trade,
Hong Kong Qindex 17:52 GMT October 19, 2011
EUR/USD : Critical Point 1.3800
EUR/USD : Speculative selling pressure will increase again when the market is trading below the daily cycle critical range is 1.3732 - 1.3750 - 1.3775.
===============================================
Hong Kong Qindex 02:59 GMT October 19, 2011 - My Profile
EUR/USD : Critical Point 1.3800 : Reply
Sell EURUSD
Entry: Target: Stop:
EUR/USD : Daily Cycle Analysis
The daily cycle critical range is 1.3732 - 1.3750 - 1.3775. The market has a tendency to trade within 1.3606 - 1.3913.
Qindex.com
http://www.youtube.com/watch?v=dZEGYpXE5B4
EUR/USD : Monthly Cycle Charts
Hong Kong Qindex 17:36 GMT October 19, 2011
EUR/USD : Critical Point 1.3866
Sell EURUSD
Entry: Target: Stop:
EUR/USD : The followings are still valid :
Hong Kong Qindex 10:37 GMT October 13, 2011
EUR/USD : Critical Point 1.3866 : Reply
Sell EURUSD
Entry: Target: Stop:
EUR/USD : The current expected trading range is 1.3455 - 1.3822.
Qindex.com
http://www.youtube.com/watch?v=dZEGYpXE5B4
EUR/USD : Monthly Cycle Charts
Hong Kong Qindex 10:22 GMT October 13, 2011
EUR/USD : Critical Point 1.3866 : Reply
Sell EURUSD
Entry: Target: Stop:
EUR/USD : Critical Point 1.3646
The market is going to challenge the barrier at 1.3635 // 1.3646. The bias is on the downside when EUR/USD is rejected from the barrier at 1.3822 // 1.3833.
Qindex.com
http://www.youtube.com/watch?v=dZEGYpXE5B4
EUR/USD : Monthly Cycle Charts
Hong Kong Qindex 02:34 GMT October 13, 2011
EUR/USD : Critical Point 1.3866 : Reply
EURUSD
Entry: Target: Stop:
EUR/USD : The odds are in favor of maintaining a short position when the market is under the barrier at 1.3744 // 1.3767.
Qindex.com
http://www.youtube.com/watch?v=dZEGYpXE5B4
EUR/USD : Monthly Cycle Charts
Hong Kong Qindex 02:27 GMT October 13, 2011
EUR/USD : Critical Point 1.3866 : Reply
EURUSD
Entry: Target: Stop:
EUR/USD : The current expected trading range is still 1.3744 - 1.3866. A resistant barrier has been established at 1.3791 // 1.3822.
Qindex.com
http://www.youtube.com/watch?v=dZEGYpXE5B4
EUR/USD : Monthly Cycle Charts
Hong Kong Qindex 11:55 GMT October 12, 2011
EUR/USD : Critical Point 1.3866 : Reply
EURUSD
Entry: Target: Stop:
EUR/USD : Speculative selling pressure will increase again when the market resumes its downward trending movement and penetrates through the barrier at 1.3674 // 1.3700.
Qindex.com
http://www.youtube.com/watch?v=dZEGYpXE5B4
EUR/USD : Monthly Cycle Charts
EUR/USD : Monthly Cycle Charts
Saar KaL 17:30 GMT October 19, 2011
KaL's Trend and Level
Mailman 15:54:32 GMT
fine..intraday maybe
as you can see from chart for usdcad
it is not impossible to hit the red again...could be 1.03
maybe at least knowing the bigger picture and maybe make use of it in intraday
anyways...we all aim the same thing ($$)..heheh
GL
nyc ws 17:10 GMT October 19, 2011
hard hats required
Reply
US afternoons are a time to put on your news hard hat to avoid a surprise.
PAR 17:01 GMT October 19, 2011
EFSF Will Be Expanded To Up To EUR1.45 Trillion -Report
Sarkozy wants to use EFSF to recapitalise French banks and to finance his reelection campaign for which neither of both he can find private money.
Best is to keep EFSF as small as possible and to avoid Europe becomming a Soviet style transfer union with the ECB and the Commision as politbureau.
Comrade Sarkozy and next year comrade Hollande should try to find some private money . Obama is finding plenty of money for his reelection campaign.
GVI Forex john 16:56 GMT October 19, 2011
Global-View.com Forex Heat Maps
Heat Maps show USD and EUR pairs have turned mixed. Some tell us this suggests a range trading strategy?
Boston eFX 16:49 GMT October 19, 2011
Slipping The Mantle Off The Dollar
Reply
(Dow Jones ia eFXnews) What may be a safe haven today, may not be a safe haven tomorrow, as the dollar is finding out.
For much of this summer, the U.S. currency has basked in investor support driven by the continuing crisis in the euro zone as well rising fears that the global economy is headed for a double dip recession.
The dollar......
Slipping The Mantle Off The Dollar (full story)
Lahore FM 16:40 GMT October 19, 2011
" Trade Ideas "
Sell GBPUSD
Entry: 1.5799 Target: 1.5620 Stop:
sold.
Richland QC Mailman 16:36 GMT October 19, 2011
KaL's Trend and Level
Haha. I like the "risk off/risk on" mentality just as simple as switching on and off a florescent lamp. Huge market players are in effect saying: "Why bother with fundamentals when we can gain irrationally - independent of logic?" Meanwhile, the party continues...
Minneapolis DRS2 16:24 GMT October 19, 2011
KaL's Trend and Level
Mailman I agree...there's a lot of "kick the can" thinking going around -- not just the banks and other financial institutions, but businesses and the general population as well. Here in the US, the equity markets have become addicted to the "risk on/risk off" mentality, to the point where common sense is lost. Fundamentals be damned...all anyone seems to follow these days are the musings around the Fed and ECB.
Richland QC Mailman 16:06 GMT October 19, 2011
KaL's Trend and Level
Hi DRS2. Well that is a very tough question. But to simplify matters, tolerance of the euro's antics will continue for as long as gigantic financial institutions are profiting from its volatility.
Richland QC Mailman 16:01 GMT October 19, 2011
KaL's Trend and Level
Just thinking euro will drop like a hot potato, accelerating down again to 1.3680. It may be faster than it did when it was struggling to recover.
Minneapolis DRS2 16:01 GMT October 19, 2011
KaL's Trend and Level
Oh...and let's not forget those who are selling USD, for whatever reason. Can't forget that doncha know...
Minneapolis DRS2 15:59 GMT October 19, 2011
KaL's Trend and Level
The presumption wouldn't necessarily have to be "all EU problems vanishing overnight". The EUR/USD pair has been kept up, IMHO, by sovereign buying, stop hunts, and investors on the "hope and change" kick.
Sovereign buyers will buy because they have to. Stop hunts will continue until the market is long EUR/USD. Investors will continue to buy Euro stuff until they stop believing the BS.
It's that last point I wonder about...how much longer will the market tolerate the Euro BS?
hk ab 15:56 GMT October 19, 2011
gold
Reply
can we see 1600 handle today?.......
Tokyo Rana 15:56 GMT October 19, 2011
KaL's Trend and Level
AB if this problem is this much small and can solve in overnight then it wud not take that much long years....
Tokyo Rana 15:56 GMT October 19, 2011
KaL's Trend and Level
AB if this problem is this much small and can solve in overnight then it wud not take that much long years....
Richland QC Mailman 15:54 GMT October 19, 2011
KaL's Trend and Level
HI Kal. We are at the opposite side of fence again trading pal in terms of the loonie and euro. USD/cad imvho is on its way to 1.0150 then if market forces will be too strong back to 1.0200 level.
Euro has just failed to breach the weekly resistance barrier and is bound to fall after a semi Head and Shoulder on the 4hr chart.
Still happy trade to you and the rest of the crew who believe in the euro or probably its demise?
hk ab 15:45 GMT October 19, 2011
KaL's Trend and Level
you must presume all EU problems vanished overnight on the coming Sunday.
Saar KaL 15:42 GMT October 19, 2011
KaL's Trend and Level
IMO EURUSD 3 weeks bullish till 1.44 to 1.45
then south till 1.30
over the next 3 month
this level for usdjpy not a sell
76.3
Generally range to 78 and flat for 3 month
not so with usdcad and usdchf..both sells
gl
Saar KaL 15:32 GMT October 19, 2011
KaL's Trend and Level
audnzd Long here
exit 1.30 then relong at 1.28ish
GVI Forex Blog 15:32 GMT October 19, 2011
Reply
The euro rallied overnight, with EUR/USD breaking above 1.3850, despite yesterday's warning on France's AAA rating and Moody's downgrade of Spain's sovereign ratings. The euro backed off its best levels as after news made the rounds that French President Sarkozy would visit Berlin today to work out an impasse over how the EFSF and ECB will interact
TradeTheNews.com US Market Update
hkg kumar 15:25 GMT October 19, 2011
Sell GBP/USD
leave t/p limit at 1.54 for few days
Boston eFX 15:22 GMT October 19, 2011
EFSF Will Be Expanded To Up To EUR1.45 Trillion -Report
Reply
The bailout fund for the euro-zone will have firepower of up to EUR1.45 trillion, Dutch newspaper Het Financieele Dagblad reports Wednesday, citing unnamed sources.
The newspaper writes there is still no final agreement and that European officials are still negotiating on the exact shape of the European Financial Stability Facility.
The daily reports that the EFSF will be leveraged five times and that it will guarantee ......
EFSF Will Be Expanded To Up To EUR1.45 Trillion -Report
hk ab 15:21 GMT October 19, 2011
Sell GBP/USD
If you don't mind, please pm me, Kevin. :D
I am the opposite, I don't like grassgrowing feeling.
HK Kevin 15:17 GMT October 19, 2011
Sell GBP/USD
hk ab 15:08 GMT, I did trade gold. However, I cannot tolerate a highly fluctuated market nowsaday with a daily range of $50 or even $100. I have a day time job and don't have the luxury to sit in front of the screen and look at the 15-min chart for trading opportunities.
hk ab 15:08 GMT October 19, 2011
Sell GBP/USD
with your good technical, why dont' you trade gold?
HK Kevin 15:03 GMT October 19, 2011
Sell GBP/USD
Reply
GBP/USD is on its way back to 1.5730 tomorrow. Sold at 1.5832 earlier with stop above 1.5852.
Richland QC Mailman 14:58 GMT October 19, 2011
Time to BUY USD again
Reply
Hi folks. Buying some USDs since 20 minutes ago vs. cad, gbp and euro near current levels.
Saar KaL 14:51 GMT October 19, 2011
KaL's Trend and Level
GD
it's a zero sum game...
The reverse could be true...
gl
Vienna GD 14:45 GMT October 19, 2011
KaL's Trend and Level
"extrapolation of historical data" ... that explains nothing and all ... based on what? There is a missling link ...
But anyway thanks for the explanation KaL.
Except maybe for a spike north anytime - I think your system will be wrong. Hanging more towards dils 25, virgoans 1.33, bc's DX 85, cyclists 83 ... etc.
Take care my friend ... all my indicators are pointing south over coming 5-6 weeks. Just a few days anymore left with questions and a window to go higher. Thereafer you muight get burned very badly.
GVI Forex john 14:31 GMT October 19, 2011
ALERT- U.S. Weekly IEA Energy Data
Reply
-- ALERT --
U.S. Weekly Energy Inventories (mln)
Crude Oil: -4.73 vs. +1.900 exp. vs. +1.300 prev.
Gasoline: -3.3 vs. -0.900 exp. vs. +1.200 prev.
Distillates: -4.27 vs. -1.400 exp. vs -1.400 prev.
Cap/Util: 83.1% vs. 84.0% exp. vs. 84.2% prev.
TTN: Live News Special Offer
Mumbai AS 14:29 GMT October 19, 2011
gold
Gold
Entry: Target: Stop:
Hi whats C9?
Saar KaL 14:28 GMT October 19, 2011
KaL's Trend and Level
GD
all Based detailed extrapolation of historical data
this is eurusd P.I at 95%
means 5% of the time will be above the green and below the red
It is a Buy for nov
Vienna GD 14:26 GMT October 19, 2011
market hint
Dil .... good to have your input here ... very much appreciated! Nice weekend to you too!
Tokyo Rana 14:21 GMT October 19, 2011
gold
ihave very small position so no problem....
hk ab 14:18 GMT October 19, 2011
gold
Reply
rana, why didn't you exit yesterday? it was so tempted though.
GVI Forex john 14:14 GMT October 19, 2011
Trade Talk- Whats Moving Markets
Sarkozy on his way to Berlin today. At least they have something to discuss. To talk with Merkel and Trichet.
nyc s 14:05 GMT October 19, 2011
eur, gold
Dil, en fuego
London SFH 13:54 GMT October 19, 2011
eur, gold
turned short E$ into a long at 1.3790....
hk ab 13:53 GMT October 19, 2011
gold
Reply
c9 exit is a good indicator.......
target 1625 tonight.
hk ab 13:46 GMT October 19, 2011
gold
Reply
s/l move to 1658, let it dip.
GVI Forex Jay 13:38 GMT October 19, 2011
Trade Talk- Whats Moving Markets
I don't know what others feel but I find John's Market Moving News updates are really useful. I am not prone to tooting our own horn but in this case acknowledgement is worth noting. Feel free to give feedback.
Gen dk 13:32 GMT October 19, 2011
Reply
Trading Signals Updated:
CLICK HERE for more Gen dk information
GVI Forex john 13:28 GMT October 19, 2011
Trade Talk- Whats Moving Markets
-- Market-Moving News --
Report Sarkozy Ready to travel to Berlin this afternoon presumably to break a negotiations log-jam.
EURUSD falls.
hk ab 13:22 GMT October 19, 2011
gold
Reply
add if 1666 seen. All stops 1670.5
hk ab 13:19 GMT October 19, 2011
gold
Reply
short gold 1660.
Israel Dil 13:11 GMT October 19, 2011
market hint
Sell EURUSD
Entry: Target: sub 1.25 Stop:
before today's European session ends, I will remain without any EURO longs versus the USD.
have a good weekend all and I wonder what will be the EUR/USD rate the coming Monday at 09:00 GMT :-)
gl/gt
GVI Forex john 13:09 GMT October 19, 2011
eurchf
GB- Yes that was before the SNB meeting much earlier today. SNB did not announce anything on the peg but did complain about the strong CHF.
hk ab 13:09 GMT October 19, 2011
gold
Reply
for those who follows c9, they exit now.
London SFH 13:06 GMT October 19, 2011
Reuters poll
Reply
Well not necessarily from this weekend, but the ‘grand plan’ even though it more like a grand collection of separate plans…
13:40 19Oct11 RTRS-REUTERS POLL-EU LEADERS WILL AGREE 50 PERCENT HAIRCUT FOR PRIVATE BONDHOLDINGS OF GREEK DEBT (RANGE 25-65 PCT)
13:40 19Oct11 RTRS-REUTERS POLL-28 OUT OF 44 ECONOMISTS SAY EFSF FIRST LOSS INSURANCE EFFECTIVE WAY TO STABILISE ITALY BOND MARKET
13:40 19Oct11 RTRS-REUTERS POLL-JULY 109 BLN EURO GREEK BAILOUT LIKELY TO FALL SHORT BY 50 BILLION EUROS - ECONOMISTS
13:40 19Oct11 RTRS-REUTERS POLL-PROPOSED 9 PERCENT CORE TIER 1 CAPITAL RATIO FOR EUROPEAN BANKS IS ENOUGH - 36 OF 39 ECONOMISTS
13:40 19Oct11 RTRS-POLL-EU to ask Greek bondholders to take 50 percent losses
* EU to ask Greek bondholders to take 50 percent hit
* EFSF insurance effective way to stabilise Italian bond market
* Greek July bailout likely to fall short by 50 bln euros
* Economists say proposed 9 percent Tier 1 capital ratio enough
London GB 12:54 GMT October 19, 2011
eurchf
Reply
1.25 floor rumours?
Israel Dil 12:46 GMT October 19, 2011
market hint
euro's current low is to stay in tact until tomorrow.
GVI Forex john 12:43 GMT October 19, 2011
ALERT- U.S. Data
Surge in starts mitigated by soft permits...
Boston eFX 12:39 GMT October 19, 2011
Dec Brent Has Downside Risk Back To $100/Bbl
Reply
(Dow Jones via eFXnews) Brent crude prices are on the way back down to the $100 per barrel mark, as the threat of a global economic slowdown worsens.
This is due to China reporting a weaker gross domestic product growth figure for the third quarter of 2011 than was expected, and expectations of greater pressure on the coming two quarters.
Brent futures have been....
Dec Brent Has Downside Risk Back To $100/Bbl
kl fs 12:32 GMT October 19, 2011
market hint
Dil, you mean buy euro?
GVI Forex john 12:31 GMT October 19, 2011
ALERT- U.S. Data
Reply
-- ALERT --
U.S. CPI September 2011
Headline: +0.3%% vs. +0.30% exp. vs. +0.40% prev.
Core: +0.1 % vs. +0.20% exp. vs. +0.20% prev.
U.S. Housing Starts Permits September 2011 (000)
Starts: 658 vs. 594 exp. vs. 572 prev.
Permits: 594 vs. 610 exp. vs. 620 prev.
Canada: Leading Indicators September 2011
-0.1% vs. +0.10% exp. vs. +0.00% prev.
TTN: Live News Special Offer
Israel Dil 12:19 GMT October 19, 2011
market hint
today it's going to be nerve testing day, lots of noise but no the REVERSAL and DIVE day for euro,
gl/gt
Vienna GD 12:06 GMT October 19, 2011
KaL's Trend and Level
usa index ... what is your crystal balls analysis based upon?
As that system obviously is able to predict days and weeks and months in advance - i think it is quite important to know on what that softwares input is based upon.
Otherwise, not in the know how it works, it would be rather suspicious for me ... and why not even a GS "directed" robot ... 45% of time in your favor - and 55 % in favor of GS - or worse.
Just wondering, hence asking ...
Tokyo Rana 11:54 GMT October 19, 2011
Euro Dissolution
dji down 66$ again in hour...
London HC 11:45 GMT October 19, 2011
EUR/$
It is difficult to suggest large wagers ahead of the weekend summit as there is a big risk of disappointment but it only takes one well placed headline to turn it the other way.
LDN dt 11:28 GMT October 19, 2011
EUR/$
Reply
Any thots about how Eur/$ will trade the rest of the week? Or do we continue with headline roulette.
Gen dk 11:20 GMT October 19, 2011
Reply
Trading Signals Updated:
CLICK HERE for more Gen dk information
Tokyo Rana 11:18 GMT October 19, 2011
Euro Dissolution
dji at strong res be careful longs....look at 8h...
London Misha 11:13 GMT October 19, 2011
Observations
Reply
EURUSD - Possible Bullish Doji Interim Bottom on Daily Chart.
USDJPY - Possible Tweezer Bottom on Daily Chart.
GBPUSD - 2nd Black Crow after Bearish Engulfing/Pipe Top on Daily Chart.
USDCHF - Possible Doji Top on Daily Chart.
EURGBP - Market tests & rejects Long MA support.
EURJPY - Possible Bullish Doji Interim Bottom on Daily Chart.
USDCAD - Bearish Harami on Daily Chart.
AUDUSD - Bullish Harami on Daily Chart. Nearing Long MA resistance.
Saar KaL 11:12 GMT October 19, 2011
KaL's Trend and Level
they all will go to their averages
Greece, Gross gaga...does not matter
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
EURJPY 109 Buy
GBPJPY 123.6 Buy
GBPNZD 1.9350 Sell
GBPAUD 1.4950 Sell
NDX 2434 Buy
AUDJPY 82.5 Buy
CADJPY 77.5 Buy
NZDJPY 64 Buy
AUDNZD 129.4 Buy
AUDCHF .9356 Buy
London SFH 11:05 GMT October 19, 2011
eur, gold
Turned long e$ into a short at 1.3845 fwiw
London SFH 11:00 GMT October 19, 2011
EURUSD
ib
making money on the transaction but also taking huge risk that the principal will eventually be lost
GVI Forex Jay 10:43 GMT October 19, 2011
Forex Weathermap - EURUSD
Reply
10:40 GMT (Global-View.com) Oct 19 - EURUSD performing as suggested, printing 1.38 for the 6th day in a row, which was the risk indicated overnight while above 1.3725. This is a pattern to watch as the longer it goes on the greater the risk of a directional move once broken.
In the meantime, it will be another day of headline watching after an overload of headlines yesterday created a series of whipsaws. It is hard to suggest followthrough in this environment ahead of the EU weekend summit althoiugh price action suggests an itching for a "risk on" market.
Daily Forex WeatherMap - by Jay Meisler
Oct 19, 2011 EURUSD (Current rate: 1.3840)
Bias: 1.38 sets the bias but expect limited follow through while within 1.37-1.39. Upside resistance clear at 1.3914 (Monday high and 50 day mva) ahead of key 1.3936 level. Nothing special on the downside until Tuesday's 1.3651 low. Expected range: 1.3780/50/25 1.3880/1.3914/1.3936
www.global-view.com
Forex Forum
hk ab 10:16 GMT October 19, 2011
gold
Reply
c9 said they are only eying 1669.......
PAR 09:54 GMT October 19, 2011
Taxpayers helping Buffett
Professor Black provided a “bottom line” summary in a separate email:
1.The bank holding company (BAC) is moving troubled assets held by an entity not insured by the public (Merrill Lynch) to the Bank of America, which is insured by the public
2. The banking rules are designed to prevent that because they are designed to protect the FDIC insurance fund (which the Treasury guarantees)
3. Any marginally competent regulator would say “No, censored NO!”
4. The Fed, reportedly, is saying “Sure, no worries” by allowing the sale of an affiliate’s troubled assets to B of A
5. This is a really good “natural experiment” that allows us to test whether the Fed is protects the public or the uninsured and systemically dangerous institutions (the bank holding companies (BHCs))
6. We are all shocked, shocked [sarcasm] that Bernanke responded to the experiment by choosing to protect the BHC at the expense of the public.
PAR 09:48 GMT October 19, 2011
Taxpayers helping Buffett
Reply
Federal Reserve and Bank of America Initiate a Coup to Dump Billions of Dollars of Losses on the American Taxpayer
Submitted by George Washington
The short form via Bloomberg:
Bank of America Corp. (BAC), hit by a credit downgrade last month, has moved derivatives from its Merrill Lynch unit to a subsidiary flush with insured deposits, according to people with direct knowledge of the situation…
Bank of America’s holding company — the parent of both the retail bank and the Merrill Lynch securities unit — held almost $75 trillion of derivatives at the end of June, according to data compiled by the OCC. About $53 trillion, or 71 percent, were within Bank of America NA, according to the data, which represent the notional values of the trades.
That compares with JPMorgan’s deposit-taking entity, JPMorgan Chase Bank NA, which contained 99 percent of the New York-based firm’s $79 trillion of notional derivatives, the OCC data show.
http://www.zerohedge.com/contributed/federal-reserve-and-bank-america-initiate-coup-dump-hundreds-billions-dollars-losses-ame
Paris ib 09:45 GMT October 19, 2011
Euro Dissolution
Do I get a cheque in the mail now?
GVI Forex john 09:44 GMT October 19, 2011
Trade Talk- Whats Moving Markets
Reply
-
Key
Items- US- CPI, Housing Starts, Beige Book.
-
Volatility
related to a Guardian article about developments within Europe
related to the the weekend EU/EZ meetings generated considerable
price swings late Tuesday in NYC. An unnamed source later denied
that the article was accurate.
-
We
would not be surprised to see repeats of the Tuesday fiasco before
the close of business this week on Friday evening. The stakes for
this meeting have become extremely high and the market will not be
pleased if key players cannot come up with something substantial
before markets resume trading in the Far east early on Monday.
-
In
Greece, a 48 hour strike is underway protesting austerity moves.
Some government workers are engaging in a "white out",
whereby they show up at work but do nothing. Major pay cuts are not
going down well within Greece.
-
There
is also growing worry that the cherished French AAA debt rating is
going away. If it is lost, will Germany follow?
-
BOE
policy minutes released today were dovish and initially weighed on
the GBP.
Israel Dil 09:43 GMT October 19, 2011
Euro Dissolution
ib
don't waste energy to justify your view, make sure you have a plan ready in case your view will not come out as the market's direction.
gl/gt
GVI Forex john 09:42 GMT October 19, 2011
Global-View.com Forex Heat Maps
re Heat Map, there was market chatter earlier today that the SNB might raise the EURCHF peg to 1.2500. We know the SNB would like to see the EUR stronger vs. the CHF, but observe their current strategy is working well. We see no reason to change it. "If it ain't broke, don't fix it!"
Sydney ACC 09:41 GMT October 19, 2011
Euro Dissolution
One minute - pretty quick response!
Israel Dil 09:40 GMT October 19, 2011
EURUSD
the most important for us the traders are the trading opportunities rising from any markets or political stand/issues.
it is matter of hours or very few days to realize to where the next move going to lead us. so it's about are we going higher from the already high stand or we are about to enter period of few months that will reflect the not so rosy fundamentals for the global economies and capital markets.
my two cents suggesting we are about to enter sell-off markets soon, very soon in terms of those who are not day traders.
gl/gt
Paris ib 09:36 GMT October 19, 2011
Euro Dissolution
The key word here is "if".
More scuttlebutt.
Sydney ACC 09:35 GMT October 19, 2011
Euro Dissolution
Reply
An intriguing attempt to solve the eurozone crisis courtesy of Next chief executive and Tory peer Lord Wolfson.
He is offering a £250,000 prize to the person who can come up with way to restructure the euro and allow a failing member state to leave the currency in an orderly way.
Lord Wolfson writes in this morning's Times:
If it is possible that the monetary union cannot survive in its present form, it is vital to explore a way out that protects savings, jobs and financial stability.
With France and Germany reportedly considering expanding the scope of the bail-out fund to cover €2 trillion of liabilities, £250,000 for the winner could be a bargain, depending what answer they come up with
hk ab 09:31 GMT October 19, 2011
mkt
Reply
seems it is positiioning a big up today.
GVI Forex john 09:20 GMT October 19, 2011
Global-View D.O.G. Iindex
Reply
09:25 GMT (Global-View.com) October 19- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power
index is opening in North America at .5187, -0.11% from its Tuesday close (-3.58% ytd).
As for its key subcomponents, the USD forex purchasing power index is .7528, -0.18% (-3.26% ytd). The forex index
is value is calculated against the top six trading currencies.
Against gold, the USD purchasing power index is currently worth .1745, +0.22% (-13.99% ytd).
Against crude, it is at 0.5049, -0.06% (+3.52% 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
Syd 09:15 GMT October 19, 2011
China Growth Worries Bearish For Oil -MF Global
Reply
Tuesday data showing China's economy grew at 9.1% in the third quarter from the previous year, its slowest rate of gain in two years, may be bearish for crude oil in the longer term, says Edward Meir, a senior analyst at MF Global. "That is a legitimate worry and one that could keep the commodity complex on its back foot for much of 2012." In the short-term, investors will look to inventory data by the U.S. Department of Energy, released later Wednesday.
hk ab 09:15 GMT October 19, 2011
gold
KL, did you note the relative weakness of gold Vs eur?
is there any implication?
btw, asian bought this morning.
KL KL 09:12 GMT October 19, 2011
gold
ab
My Armada is in battle mode....lowering the upper and lower zone of attack from wht I quoted by $15-25 now.........looks like 1620 may be tested again....but this Euro 2 trillion paper money is worrying me......can long and short ...after all I don't want to use real bread butter money with Printed paper money of Euro Zone....... so now need to be vigilant. Somehow I do reverse ninja and prefer to long in my zone of comfort...... But yankees may have other ideas... gl gt
Tokyo Rana 09:11 GMT October 19, 2011
gold
wat ever aud just go up how silly market price action nowdays....
Paris ib 09:02 GMT October 19, 2011
EURUSD
SFH "One thing for sure, any plan that involves massive German/French taxpayer participation..."
What exactly do you mean by 'taxpayer participation'? I'm afraid you have fallen foul of the scaremongers again. When the IMF lends to a country, when the World Bank does, when the European Union does... on all these occasions that entity is borrowing the money (at low rates) from 'the market' first and then on-lending that money (at higher rates) to Greece, Mexico or whoever. In effect these entities are making money as part of that process. And in addition imposing economic policies, reforms etc. (always of the neo-liberal ilk) on the country which is being targeted.
The talk of the 'taxpayer participation' is just tabloid scuttlebut and really has no place in a discussion between people who should know how markets actually work. Could you please avoid all this emotional game playing?
hk ab 09:01 GMT October 19, 2011
gold
Reply
bulls fail....
hk ab 08:57 GMT October 19, 2011
gold
Reply
can gold bears stop them at 1650?
hk ab 08:56 GMT October 19, 2011
gold
Reply
KL, are all your tools working now?
I took a break last night.
hk ab 08:51 GMT October 19, 2011
gold
Reply
10 mins left.
hk ab 08:47 GMT October 19, 2011
gold
Reply
but bearishness seems persist badly.
poor c9.
Syd 08:46 GMT October 19, 2011
Brazil Seen Cutting Rates 50 Bps - SocGen
Reply
Brazil seen cutting rates by 50 bps, Societe Generale says, to 11.5% later Wednesday. "This move may not be fully justified on pure domestic grounds, but it seems that the Brazil authorities are keen to send a strong message," Societe Generale says. Adds, the rationale is still essentially an adverse global backdrop and risks remain skewed to the downside ahead of the important EU council meeting. Notes the BRL remains vulnerable to swings in investor sentiment. "
hk ab 08:46 GMT October 19, 2011
gold
Reply
if gold closes around 1650 this hr, c9 maybe lucky to have a relief reversal.
hk ab 08:43 GMT October 19, 2011
gold
Reply
gold so weak after last big dip.
GVI Forex john 08:41 GMT October 19, 2011
ALERT- BOE Minutes
- GBP weaker on dovish BOE minutes.
hk ab 08:34 GMT October 19, 2011
gold
Reply
c9 add at 1647
Paris Eurusd Trader 08:31 GMT October 19, 2011
EURUSD - Why do we all run like chickens?
Reply
www.coachingfxtraders.com
19.10.2011
Why do we all run like chickens?
Last week EURUSD was up 540 pips from its low to the high and in the weekend we had a G20 meeting that set out some strong demands on eurozone leaders to get their act together. And if they did – the rest of the world would support them. As such there might not be that much EU would have to come up with themselves to get the financing they need for banks. The plan only needed the element of strength and decisiveness and others would provide capital and take the risk,
The week got off to a positive start before German politicians started showing their reservations and doubt about moving too fast.
We then sold off the EURUSD to almost 50% of its gains from last week – in a “risk off” mood which was 180 degrees to what we had last week. The sell-off – while not that speedy – still had almost an element of panic as seen when looking at someone chased by a ghost.
As seen always – at the bottom of it – stops and stops – which often is the sign that the move comes to an end.
And while picking up again with slow speed we only needed an article in the Guardian to take off again – in full speed. The article illustrated an interesting angling of the discussions between the German and the French. Instead off popping up more capital to the EFSF, maybe a guarantee would be sufficient – and one in an amount which showed strength. 2 trillion Euros was mentioned – and if the end result of these discussions will end up in this area – then there will be a lot of risk capital available for European bonds and bank’s equities – from everywhere around the world. Go for it – is my message.
EURUSD liked it. A spike of 80 pips in a few minutes – again supported by stops and stops – took the pair to 1.3817. Quite a nice move from something which was just some unconfirmed discussions.
On reflections – and in realisation that this was only from an English paper – we sold the EURUSD off again – down to 1.3735 by the time I got to bed.
This morning it is up again to 1.3800.
In hindsight one is tempted to ask; Why do we all run like chickens?
Today trading is easier as we have set some levels from the three first days through a low and a high of the week. Which one is the target for today – or are they both?
Why might some clues from today’s calendar where the indicators I like to focus on are:
• EUR German Producer Prices (MoM) 06:00 0.20% -0.30%
• CHF Exports (MoM) 06:00 -7.00%
• CHF Imports (MoM) 06:00 0.90%
• EUR German Producer Prices (YoY) 06:00 5.50% 5.50%
• CHF Trade Balance (Swiss franc) 06:00 0.76B
• GBP Retail Sales (MoM) 08:30 0.20% -0.10%
• GBP Retail Sales (YoY) 08:30 0.60% -0.10%
• GBP Retail Sales w/Auto Fuel (MoM) 08:30 0.00% -0.20%
• GBP Retail Sales w/Auto Fuel (YoY) 08:30 0.60% 0.00%
• CHF ZEW Survey (Expectations) 09:00 -75.70
• EUR German Economic Ministry New GDP Forecasts 10:00
• USD Initial Jobless Claims 12:30 400K 404K
• USD Continuing Claims 12:30 3680K 3670K
• EUR Euro-Zone Consumer Confidence 14:00 -20.10 -19.10
• USD Existing Home Sales 14:00 4.90M 5.03M
• USD Existing Home Sales (MoM) 14:00 -2.60% 7.70%
• USD Leading Indicators 14:00 0.20% 0.30%
• USD Philadelphia Fed. 14:00 -9.50 -17.50
Quite a few – with main focus on German Producer Prices, Germany Economic Ministry’s forecast for GDP, EU Consumer Confidence, US Leading Indicators and Philadelphia Fed’s Index.
While all being interesting – attention should be paid to the ongoing talks between Germany and France. For 2 days the market thought that those were deemed to fail.
For the rest of the week – and if The Guardian is right in their assumptions of what is going on – we have not seen the high of the week (currently @ 1.3913) – and we might be heading for 1.4050/1.4150.
For those not comfortable with the moods setting the moves these days – make small entries or stay sidelined. This is not a market for high leverage.
Good luck to you and have a nice day.
hk ab 08:15 GMT October 19, 2011
gold
Reply
Can we see defeat of c9 today? time will tell.
hk ab 08:10 GMT October 19, 2011
eur
Reply
100% sure that a big lie from EU is waiting for us.
hk ab 08:09 GMT October 19, 2011
gold
Reply
I exited the long, leaving the c9 on the train.
hk ab 08:06 GMT October 19, 2011
mkt
Reply
Kal, any signal today?
hk ab 08:04 GMT October 19, 2011
gold
Reply
The weak longs are sellling hard at 1652......
gl to c9.
hk ab 07:53 GMT October 19, 2011
RBS....
The one about Bank of America.... Thanks.
hk ab 07:47 GMT October 19, 2011
eur
Reply
let's see how far can the european lies push the eur up.....
1.41?
hk ab 07:45 GMT October 19, 2011
RBS....
Reply
Can someone elaborate the news 6 hrs ago about backstoping? THanks.
hk ab 07:42 GMT October 19, 2011
gold
c9 are rich housewives who stationed in bucket shop everyday to trade their fx and gold positions.
But mind you, some c9 lost their shirts completely from time to time and reported on newspaper.....
But lately, their records of position is horrible.
Toronto YV 07:38 GMT October 19, 2011
gold
ab , where You get c9 positions info ?
PAR 07:33 GMT October 19, 2011
Nationalisation
Reply
If you nationalise loss making banks , why not at the same time nationalise profit making utility companies.
This would be a better idea -privatise losses, nationalise profits .
Sarkozy is seeing EFSF as a new kind of common agricultural policy , i.e. everybody pays and France benefits.
Not such a good idea imho .
hk ab 07:28 GMT October 19, 2011
gold
Reply
c9 effect!!
I will from now on, enter the position $4 below or above their position of buy/sell.... well done hk aunties.
Hong Kong Qindex 07:18 GMT October 19, 2011
EUR/USD : Critical Point 1.3800
Sell EURUSD
Entry: Target: Stop:
EUR/USD : Trading Reference
... 1.3647 - 1.3717 - 1.3725 // 1.3794 - 1.3801 - 1.3836 - 1.3838 - 1.3850 - 1.3857 // 1.3904 - 1.3974 ...
Qindex.com
http://www.youtube.com/watch?v=dZEGYpXE5B4
EUR/USD : Monthly Cycle Charts
hk ab 07:17 GMT October 19, 2011
gold
Reply
could it suffers from price of iron?
London SFH 07:12 GMT October 19, 2011
eur, gold
I expect today will be another volatile day in mostasset classes-with good moves up and down-taken my first postion of the day longEuro$ 1.3800
hk ab 07:09 GMT October 19, 2011
eur, gold
Reply
with eur stronger than gold, seems to me that there must be some more lies coming out soon which will shoot the eur up.
hk ab 07:06 GMT October 19, 2011
gold
Reply
finally C9 has a wrong direction.
I buy small at 1649.
London SFH 07:04 GMT October 19, 2011
EURUSD
Is it sheer foolishness or not to think that Germany/France have some "shock and awe" scheme up their sleeve. How is it to be funded and what about the other 15 EU countries approval and participation....sounds like a "CROCK" if you get my drift. One thing for sure, any plan that involves massive German/French taxpayer participation means Merkozy will be out the door in the next German/French elections. Whatever, manic stocks did their usual thing off the Guardian story (-100 to +250 to settle +180) while the more reliable FI arena took the story in stride as best they could.
Tartu kuues 06:49 GMT October 19, 2011
EURUSD
Reply
REUTERS- EU officials say no deal reached yet to scale up euro zone bailout fund
hk ab 06:49 GMT October 19, 2011
gold
c9 bought now 1654
hk ab 06:42 GMT October 19, 2011
gold
Reply
with Asian buying in this morning, I am more intended to buy dips and exit at the 1680-90 region....
Chances come again.
Syd 06:10 GMT October 19, 2011
Greece Paralyzed By Two-Day Strike Ahead Of Vote
Reply
Greece was paralyzed by a massive two-day strike Wednesday as groups ranging from civil servants to pharmacists and bakers walked off the job ahead of a key parliamentary vote on new austerity measures Thursday.
.
Tokyo Rana 05:51 GMT October 19, 2011
e/j
Sell EURUSD
Entry: 1.3830 Target: open Stop: 1.388
today sold eu....still hold gold short stop again 1690 will add from 1670...happy trade,
Moscow pichota 05:02 GMT October 19, 2011
e/j
Your target will hit during next week but I am not o sure that your stop will survive this week.
hk ab 04:57 GMT October 19, 2011
e/j
Reply
Entry: 106 Target: 100 Stop: 107.2
This e/j is waiting to be smacked.
Kal, I loaded too much e/j at 106 and still I can't SAR now.
Syd 04:35 GMT October 19, 2011
China Downside Risks To Rise Over Next 6 Months-Daiwa
Reply
China's latest GDP slowdown remains orderly, with a sharper slowing of fixed-asset investment showing policy tightening is producing intended results, while a stable household consumption trend is helping to rebalance, Daiwa says in a note. It notes that 3Q11 GDP growth slowed to 9.1% on-year from 2Q's 9.5% on-year, above the house's 9.0% forecast, September ex-rural FAI growth slowed to 24.8% on-year from August's 25.0% and September retail sales rose 17.7% on-year vs August's 17.0% rise. "This backdrop should give policymakers the confidence to see this tightening campaign to be carried through and a major policy turnaround is not necessary at this stage." But Daiwa adds, downside risks should rise more markedly in 4Q11-1Q12 as a sharper export slowdown is likely and credit conditions appear set to deteriorate further. Daiwa keeps base-case 4Q11 and 1Q12 GDP growth forecasts of 8.5% and 8.2% on-year respectively. It keeps a 25% probability of a hard-landing scenario, with GDP growth falling below 8.0% in the next six months
TUT EmboGala 04:08 GMT October 19, 2011
Euro
Greece faces general strike over spending cuts
Greece is expected to grind to a halt, with a general strike that could ground flights, halt most public services and shut offices and shops...
GVI Forex Blog 03:57 GMT October 19, 2011
Reply
The news that Germany and France have agreed to increase the Euro zone bail out fund to $2 trillion triggerd a sharp rise in the US markets yesterday.
Morning Briefing : 19-oct-2011 -0340 GMT
Syd 03:45 GMT October 19, 2011
Euro
Reply
It has been estimated that property developers in Spain owe about €300B to banks - US financial press
TradeTheNews.com
Syd 03:28 GMT October 19, 2011
Euro
Reply
It has been estimated that property developers in Spain owe about €300B to banks - US financial press
TradeTheNews.com
Hong Kong Qindex 02:59 GMT October 19, 2011
EUR/USD : Critical Point 1.3800
Reply
Sell EURUSD
Entry: Target: Stop:
EUR/USD : Daily Cycle Analysis
The daily cycle critical range is 1.3732 - 1.3750 - 1.3775. The market has a tendency to trade within 1.3606 - 1.3913.
Qindex.com
http://www.youtube.com/watch?v=dZEGYpXE5B4
EUR/USD : Monthly Cycle Charts
Syd 02:18 GMT October 19, 2011
TradeTheNews.com
Reply
CHINA AUG CONFERENCE BOARD LEADING ECONOMIC INDEX M/M: 0.5% V 0.6% PRIOR ----TradeTheNews.com
CHINA SEPT ACTUAL FOREIGN DIRECT INVESTMENT (FDI) Y/Y: 7.9% V 11.1% PRIOR
TradeTheNews.com
Syd 02:08 GMT October 19, 2011
GBP/USD May Fall If BOE Minutes Dovish -Analyst
Reply
The GBP/USD may fall, with attention on whether it can hold above 1.5500, if the BOE's minutes from its Oct. 5-6 Monetary Policy Committee meeting due at 0830 GMT reveal an increasingly dovish stance, says Junichi Ishikawa, FX analyst at IG Markets Securities. "The focus is on any signs of possible expansion of quantitative easing," Ishikawa says. "MPC member Miles has already shown a positive stance toward additional quantitative easing, and Deputy Governor Bean has indicated he is looking for weakness in the U.K. economic outlook due to the European debt problems." If the minutes hint at more action in November, "the British pound could come under pressure," Ishikawa says. The GBP/USD is trading at 1.5715
TUT EmboGala 01:43 GMT October 19, 2011
gold
Buy Gold
Entry: Target: Stop:
Upper Trend
Syd 01:34 GMT October 19, 2011
RBS Joins Citi In Blasting "EFSF As A First Loss Insurance Guarantee" Plan
Reply
First it was Citi's turn, when earlier, via Willem Buiter, it explained in granular detail, how the EFSF's latest incarnation as a 20% first loss insurance fund, will be not a bazooka but a "peashooter." Now it is the turn of RBS' Harvinder Sian (yes, yes, the same guy who in February 2010 accused Zero Hedge of falsely concluding Greek banks are insolvent... ahem) to mock and ridicule the Guardian's blatant attempt to lift the EURUSD just so momos and piggybackers provided a convenient receptacle for assets that French banks were offloading beginning at 3pm courtesy of this bogus plant, since refuted by Dow Jones.
link
Syd 01:20 GMT October 19, 2011
USDCHF broke above 0.9040 resistance
Reply
USDCHF broke above 0.9040 resistance, suggesting that a cycle bottom has been formed at 0.8881 on 4-hour chart, further rally is possible later today, and target would be at 0.9100-0.9150 area. However, the rise is treated as consolidation of downtrend from 0.9314, another fall could be seen after consolidation, and a breakdown below 0.8881 could signal resumption of downtrend.
link
hk ab 01:16 GMT October 19, 2011
gold
with more asian buying, it also means that the price can reach higher goals.
hk ab 01:13 GMT October 19, 2011
gold
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With this strength, we could reach 1680 again easily.
C9 though left a lot on the table, they are still on the right direction every time. Amazing.......
Sydney ACC 00:30 GMT October 19, 2011
Australian Iron Ore
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The combination of Chinese steel makers insisting on lower iron ore prices and Brazil accepting discounted prices to gain market share is putting significant pressure on Australian's largest iron ore suppliers, according to a report by the Australian Financial Review.
Chinese steel mills are reportedly attempting to renegotiate quarterly prices to more closely track the spot price, which has fallen 15 per cent in the past five weeks.
Meanwhile, Brazilian miner Vale is adjusting its pricing model to meet reduced price demands by Chinese steel producers, which observers say will pressure Australian miners Rio Tinto Ltd, BHP Billiton Ltd and Fortescue Metals Group Ltd to do the same.
In response to data showing China's economy is growing at a slower than expected 9.1 per cent clip, investors yesterday backed away from iron ore miners, which Fortescue Metals Group falling 9.2 per cent, Atlas Iron losing 7.8 per cent and Rio Tinto sliding more than five per cent, according to the AFR.
Syd 00:28 GMT October 19, 2011
Buiter Says All Banks at Risk if Euro Crisis Escalates Further
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Citigroup Inc. Chief Economist Willem Buiter said all banks in advanced economies could be at risk if European leaders lose control of the region’s sovereign- debt crisis.
“If things get out of hand in the euro area, no bank in the financial-integrated world will stand,” Buiter told lawmakers at a parliamentary hearing in London today.
Banks and other systemically-important financial institutions need to be recapitalized before any sovereign restructurings of euro-zone members with high debt levels such as Greece or Portugal, the economist said. “If they don’t, we are setting ourselves up for a financial crisis following the sovereign crisis,” he said.
I don’t expect that there will be a grand plan, a grand design, even a big bazooka for that matter, on Oct. 23 when the European heads of government meet, or on Nov. 4,” Buiter said.
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