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Forex Forum Archive for 10/25/2011

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


Syd 23:46 GMT October 25, 2011
Greece should default and abandon the euro
Reply   
Jeffrey Miron, senior lecturer in economics at Harvard University, believes that the consequences of a Greek default are overstated. Not only would a default be better for Athens, it would have benefits for Europe too, he argues.

By abandoning the euro and adopting a properly valued currency, Greece can restore its international competitiveness. This means greater employment demand from both domestic and foreign sources.

If Greece defaults, the country gets immediate relief from the crushing interest payments on its debt, leaving it with a relatively modest primary deficit which excludes the big interest payments Greece is faced with now

Philadelphia Caba 23:42 GMT October 25, 2011
jpy
Reply   
a lot of verbal intervention from censored officials in last few days...

Auckland DP 23:42 GMT October 25, 2011
AUD
Reply   
AUD CPI numbers out soon. As usual market forecats are low. Actual will be higher and AUD will be bid. Happens without fail everytime. When actuals are worse than foreast AUD remains stable. This is a strange phenomenon only with the Aussie...On the other the CAD is exactly opposite. Good news ( and bad ) numbers drive the it down ! Case in point is 60000 jobs created last month and no effect! Also RBA is always bullish and BOC is always bearish....

Syd 23:30 GMT October 25, 2011
Crisis of 2012 May Hurt China More Than U.S.: William Pesek
Reply   
For all its troubles, the U.S. has inherent strengths: It’s home to many of the world’s top 20 universities; it has institutions that may still get their act together in ways Europe can’t; a fertility rate that exceeds deaths, meaning America can ultimately outgrow its debt -- unlike, say, Japan and Europe.

links

LA CM 23:25 GMT October 25, 2011
Friday 3 December 2010 Angela Merkel

Bring back the DEM!!!!

Syd 22:56 GMT October 25, 2011
Italy Fails to Pass Crucial Austerity Measures
Reply   
http://forexblog.censored.com/20111025/italy-fails-to-pass-crucial-austerity-measures/

Syd 22:48 GMT October 25, 2011
Friday 3 December 2010 Angela Merkel
Reply   
This is what Merkel is thinking when she goes to bed at night !! Friday 3 December 2010
Angela Merkel warned that Germany could abandon the euro German chancellor said to have made comments during an EU summit dinner in Brussels at the end of October
www.guardian.co.uk/world/2010/dec/03/angela-merkel-germany-abandon-euro

GVI Forex john 22:23 GMT October 25, 2011
News of the Day Forum
Reply   

Visit the G-V

News of the Day Forum


for an extract of relevant posts on the market news flow for the day. The real time extract is taken from the Forex Forum and GVI Forex.

You can also find the link on the Forum Directory under the "FORUMS" link at the top of our pages.

Boston eFX 22:09 GMT October 25, 2011
Dutch Fin Min Plays Down Hopes That EU Summit Will Produce Deal
Reply   
(Dow Jones via eFXnews) Dutch Finance Minister Jan Kees de Jager on Tuesday played down hopes that European leaders will come with a final solution to the euro-zone debt crisis at Wednesday's summit in Brussels.

De Jager said that negotiations are in a crucial phase, although he stopped short of saying that it will result in a deal.

"We never talked about this summit as the....

Dutch Fin Min Plays Down Hopes That EU Summit Will Produce Deal

la la 22:07 GMT October 25, 2011
chf
Reply   
Is eurchf and gold telling us something? Buy if we see 1.20xx then buy

GVI Forex john 21:56 GMT October 25, 2011
Calendar
Reply   


October 25 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, October 26. Updated: Trading Events Calendar

  • Far East: AU- CPI.
  • Europe: GB- CBI Trends.
  • North America: US- Weekly Mortgages, Durable Goods, New Homes Sales, Weekly Energy, 5-yr. CA- BOC Monetary Policy Report.


GVI Forex john 21:28 GMT October 25, 2011
Trade Talk- Whats Moving Markets

We read earlier that

Wednesday's closely watched summit is expected to run late into the night.

and that there's still is no settlement. The full package won't be ready Wednesday.

GVI Forex john 21:24 GMT October 25, 2011
Trade Talk- Whats Moving Markets
Reply   

  • Key Items- AU- CPI  US- Durable Goods, New Homes, Weekly Energy. 5-yr, CA Monetary Policy Report.

  • Wednesday will see the plan to address comprehensively the European financial problems. Politicians accepted that something must be done immediately to avoid a banking crisis. Nevertheless, we expect that specific details will be lacking.

  • An recapitalization of European banks at a cost of EUR 100-1100bln is also expected.

  • In Greece, the bid/offer in sovereign debt haircut seems likely to be narrowing to 50% to 60%.  

  • It appears that Chancellor Merkel will arrive at the leader summit with the support of the German Parliament. Both political sides have pledged their support.

  • The SNB and Japanese Finance Minister both have commented that the strength of their respective currencies is unsustainable.

  • There are rumors of a RRR cut in China later this week and Fed officials have been hinting at additional ease next week.

GVI Forex Blog 21:22 GMT October 25, 2011 Reply   
Key Items- AU- CPI US- Durable Goods, New Homes, Weekly Energy. 5-yr, CA Monetary Policy Report. Wednesday will see the plan to address comprehensively the European financial problems. Politicians accepted that something must be done immediately to avoid a banking crisis. Nevertheless, we expect that specific details will be lacking.

Forex Trade Talk 00:00 GMT 26 October 2011

GVI Forex john 21:15 GMT October 25, 2011
USD Piivot Points
Reply   

Pivots	EURUSD	USDJPY	USDCHF	GBPUSD	USDCAD	AUDUSD
Res 3	1.4076	76.76	0.8904	1.6124	1.0471	1.0594
Res 2	1.4017	76.51	0.8874	1.6081	1.0342	1.0545
Res 1	1.3964	76.22	0.8828	1.6042	1.0246	1.0491

Pivot	1.3905	75.97	0.8798	1.5999	1.0117	1.0442

Sup 1	1.3852	75.68	0.8752	1.5960	1.0021	1.0388
Sup 2	1.3793	75.43	0.8722	1.5917	0.9892	1.0339
Sup 3	1.3740	75.14	0.8676	1.5878	0.9796	1.0285

sofia kaprikorn 21:00 GMT October 25, 2011
Momentum fade


Here are the charts with reference points and explanation of the rationale.

Fading the Euro Optimism Rally

matsudo matsudo 20:51 GMT October 25, 2011
Momentum fade

i closed all most all positions just keep audusd gold...thinking about buy usdjpy....

matsudo matsudo 20:40 GMT October 25, 2011
Momentum fade

Sell EURJPY
Entry: 107pending Target: open Stop: later

maybe time for buy usdjpy eurjpy...look like tomorow tough day for jpy aud and eur later fasten ur seat belt for big move up and down rather down and up....happy trade,

GVI Forex john 20:31 GMT October 25, 2011
ALERT- U.S. API Data
Reply   

-- ALERT --
U.S. API Weekly Energy Inventories (mln)
(Expectations and Prev are for EIA data)
Crude Oil: +2.700 vs. +2.000 exp. vs. -4.730 prev.
Gasoline: +0.150 vs. -1.600 exp. vs. -3.300 prev.
Distillates:-1.800 vs. -2.300 exp. vs -4.270 prev.
Cap/Util: 83.20% vs. 83.40% exp. vs. 83.10% prev.


TTN: Live News Special Offer

Syd 20:28 GMT October 25, 2011
Euro
Reply   
Geithner says Europe has enough money to sort it out .... without using ours !! seems like charity really now does begin at home in the USA .. said the Europeans will have to bear the debt this time its your problem.

sofia kaprikorn 20:25 GMT October 25, 2011
Momentum fade

EURUSD
Entry: Target: Stop:

also looks like stalling at the 55-Day MA at 1.39 just shy of the 61.8% Fibo at 1.40...

GVI Forex Blog 20:23 GMT October 25, 2011 Reply   
The euro slid from a six-week high against the dollar on Tuesday after the cancellation of a European finance ministers meeting raised doubts an EU summit would deliver a bold plan to tackle the region's debt crisis.

FOREX NEWS - Euro falls from 6-week high on EU summit doubts

sofia kaprikorn 20:20 GMT October 25, 2011
Momentum fade
Reply   
Sell EURJPY
Entry: 105.55 Target: 101.55 Stop: 106.55

seems too much effort has been wasted on pulling that stunt so far - 5 days in row tight range and with usd/jpy finally dropping to punish all those easy believers in the boj magic + the dissapointment of the EU summit time looks ripe for some reaction..

plus the 55-Day MA at 106.74 doesn't look like easy beam to hop above...

GVI Forex john 20:10 GMT October 25, 2011
USD Moving Averages
Reply   

10/25/2011

20:00

GMT

 

 

 

 

 

Latest

EURUSD

USDJPY

USDCHF

GBPUSD

USDCAD

AUDUSD

NZDUSD

Last

1.3910

75.92

0.8781

1.6004

1.0151

1.0437

0.7957

High

1.3959

76.27

0.8845

1.6037

1.0212

1.0496

0.8076

Low

1.3847

75.73

0.8769

1.5955

0.9987

1.0393

0.7937

Change

-0.0015

-0.13

-0.0028

0.0025

0.0114

-0.0039

-0.0117

MVA

EURUSD

USDJPY

USDCHF

GBPUSD

USDCAD

AUDUSD

NZDUSD

5 day

1.3847

76.35

0.8877

1.5898

1.0126

1.0342

0.7980

10 day

1.3824

76.67

0.8917

1.5833

1.0143

1.0290

0.7977

20 day

1.3641

76.70

0.9018

1.5689

1.0268

1.0022

0.7838

50 day

1.3868

76.77

0.8667

1.5889

1.0059

1.0234

0.8076

100 day

1.4086

77.98

0.8406

1.6041

0.9871

1.0438

0.8209

200 day

1.4092

80.01

0.8747

1.6136

0.9809

1.0392

0.7974

TREND

EURUSD

USDJPY

USDCHF

GBPUSD

USDCAD

AUDUSD

NZDUSD

BIAS

Up

Down

Down

Up

Down

Up

Up

 

Boston eFX 20:08 GMT October 25, 2011
Euro: Carry Trade Funding Currency?
Reply   
Euro zone data suggests the 17-nation currency area is careening toward recession as it grapples with a roaring debt crisis.

Those factors have raised expectations the ECB may begin an easing cycle as early as next month, helping to keep the market's euro positioning on the light side.

Alan Ruskin at Deutsche Bank looked at investors' bets on the euro and arrived at an odd conclusion: "the .....

Euro: Carry Trade Funding Currency? (full story)

Syd 20:07 GMT October 25, 2011
Iron ore falls as China cuts steel production
Reply   
Chinese steel mills have started to cut their production as tighter credit conditions and a cooling real estate market bite in the world’s biggest steel market, pushing the cost of iron ore to a 15-month low.
The price of the iron ore in the spot market plummeted on Tuesday to the lowest level since July 2010, dropping a hefty 7.2 per cent – the biggest one-day drop in more than 26 months – to $128.50 a tonne, according to pricing agency Platts. Iron ore prices have fallen more than 30 per cent over the last six weeks.
Around 20 to 30 per cent of the small and medium mills in this area have shut down their furnaces,” said a steel executive in southern China. “Our mill hasn’t reduced production yet, but we feel the pressure of reduced liquidity. When we make sales, the cash comes back slower and slower. Liquidity is a big concern.”
One trader in the steel town of Rizhao added that some mills had brand new furnaces idled. “They don’t want to produce because they will just lose money.”
http://www.ft.com/intl/cms/s/0/ed1cedec-ff20-11e0-9b2f-00144feabdc0.html#axzz1bpFwMfYg

KL KL 19:46 GMT October 25, 2011
gold

happy to cover all gold here for 1702.50.... nice 200 pips profit for 1 hour of pain he he......now waiting for the zone to short....I think its time to short...above 1707........then again no one know ....things changes in the next few hours....who knows EU, IMF, CB, FED ....all in dispute and Gold wham up $100 or if all chearring with wine and dine Gold Drop $100 or Isreal whack Iran Nuclear facility....of Mr Kim of North Korea to prop up his standing launch another rocket to S. Korea.....or earth quake hit San Francisco........that is why Ninja trading is best. I am back to those short attack and no more hero holding for 5 days.....Vix is up and one has to adjust accordingly....LOL

GVI Forex john 19:45 GMT October 25, 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.

NY CL 19:44 GMT October 25, 2011
eurusd

I mean lose steam here and go down.

NY CL 19:43 GMT October 25, 2011
eurusd

The question for me is does the eur surprise with a spike through 1.40-1.41 and take out the comfortable shorts and then reverse or does it lose steam and go down. I do not see it rising and staying there unless the fed goes ahead with QE3 and hits the usd.

nyc s 19:13 GMT October 25, 2011
eurusd
Reply   
Sell EURUSD
Entry: 1.4140 Target: 1.3000 Stop: 1.4300

My dream short is at 1.4140

Syd 19:07 GMT October 25, 2011
Gross: EU is a dysfunctional family. Recession ahead even if agreement is reached. Greek default cer
Reply   
Gross: EU is a dysfunctional family. Recession ahead even if agreement is reached. Greek default certain, Portugal/Ireland loom

GVI Forex Blog 19:06 GMT October 25, 2011 Reply   
19:10 GMT (Global-View.com) October 25- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is ending in North America at .5085, -0.66% from its Monday close (-5.48% ytd).

Global-View D.O.G. Index October 25, 2011 U.S. Close

HK [email protected] 19:05 GMT October 25, 2011
gold

Want to short gold? Try 1720 to1725 range.

GVI Forex john 19:03 GMT October 25, 2011
Global-View D.O.G. Iindex
Reply   
19:10 GMT (Global-View.com) October 25- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is ending in North America at .5085, -0.66% from its Monday close (-5.48% ytd).

As for its key subcomponents, the USD forex purchasing power index is .7451, -0.03% (-4.25% ytd). The forex index is value is calculated against the top six trading currencies.

Against gold, the USD purchasing power index is currently worth .1686, -3.31% (-16.91% ytd).

Against crude, it is at 0.4785, -1.71% (-1.89% 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 18:54 GMT October 25, 2011 Reply   
AUD/USD and NZD/USD outlook next 24 hours: Australian CPI today and tonight’s EU summit are the main events to watch. Prior to that, AUD should continue lower to 1.0370. NZD appears to be heading for 0.7870 today. AUD/NZD is getting stretched but could run to 1.3200 before reversing.

Forex - Morning Report (Westpac)

Syd 18:50 GMT October 25, 2011
Bank crisis plans ordered as regulator wants insurance against another disaster
Reply   
THE major Australian banks have been ordered to prepare "recovery plans" to show the government and regulators how they would survive a downturn worse than the global financial crisis.

AUSTRALIA faces the threat of a "hard landing" in China within two years and the growing risk of being hit by a double-dip global recession sparked by the European debt crisis, one of the world's leading economists said yesterday

The downturn would have a "major effect" on Australia by driving down commodity prices and denting economic growth.

Syd 18:42 GMT October 25, 2011
Merkel Gambles on Parliamentary Support for Euro Backstop
Reply   
German Chancellor Angela Merkel, not known for taking risks, has allowed her party to call a full parliamentary vote on the euro rescue fund -- the second in less than a month.

LINK

KL KL 18:30 GMT October 25, 2011
gold

next lot gold short in 1706.61.......then 1711.......then my thermo nuclear above 1714.....should still give me a nice average near the teens...

Gold should go back down to 1700 to give hope to bulls and make bears worry if not covered.....then again it could also mean a nice bear trap coming as people pile onto paper gold.......lets see what EU brings to the table....the leaders have started to talk and I like it like this.....because paper gold gets volitile....gl g t all

Boston eFX 18:15 GMT October 25, 2011
MONEY TALKS: A Greek Short Back And Sides
Reply   
(Dow Jones via eFXnews) Would a 50% cut in the value of Greek debt be enough?

That depends on who's losing out.

If Greece's obligations to the European Central Bank and International Monetary Fund are considered inviolable, while Greece at the same time .....

MONEY TALKS: A Greek Short Back And Sides (full story)

jerusalem kb 18:11 GMT October 25, 2011
Forex Trading Plan



AUDUSD
Entry: Target: Stop:

jerusalem kb 17:13:25 GMT - 10/20/2011

AUDUSD
Entry: Target: Stop:

Waiting for ress. breakout to go long
=========
it went up for more than 260pips after ress. breakout

jerusalem kb 18:09 GMT October 25, 2011
Forex Trading Plan



jerusalem kb 17:13:25 GMT - 10/20/2011

AUDUSD
Entry: Target: Stop:

Waiting for ress. breakout to go long

KL KL 18:06 GMT October 25, 2011
gold

ab & everyone

top of early morning....here I go now...short gold 1701.....keep adding every $2-3 above.....no probs.....been a nice ride up here.....


Looks like a nice turn date on full moon??.....Thanks to EU minister last minute cancelled meeting......was waiting for something dramatic like that to short gold..........happily riding on some indices shorts.....the End of the SCAM is about to be revealed!!

matsudo rana 17:26 GMT October 25, 2011
jpy

Israel Dil 17:21 dear friend,thanx for post..im taking very small position with tight stop...yes possible one more push higher tomorrow boj then go down....happy trade

Israel Dil 17:21 GMT October 25, 2011
jpy

rana

for me it looks like 77 before 75

be careful

GVI Forex Jay 17:09 GMT October 25, 2011
USDJPY
Reply   
USDJPY up on this

BOJ To Weigh More Easing As Yen Hits Another Record

TOKYO (Nikkei)--The Bank of Japan will discuss additional monetary easing measures to help blunt the mighty yen's impact on the economy when its policy board convenes for a meeting Thursday....

tokyo rana 17:08 GMT October 25, 2011
jpy

Sell USDJPY
Entry: 76.05 Target: 74/72 Stop: 50pips

sold again...long out for 20pips over all today 60pips in this pair...

Minneapolis DRS2 16:58 GMT October 25, 2011
KaL's Trend and Level

FYI I've been net short Euro for a very long time now.

However, it should be said that I trade in both directions. When I see opportunities either way I'll make the appropriate trade...and hope that it works!

Saar KaL 16:34 GMT October 25, 2011
KaL's Trend and Level

Minneapolis /
hmmm?
if not going to 1.3990
its got to go somewhere...right?
Why don't you short it here...Just to check?...LOL
GT andddddddddd Gl

Boston eFX 16:33 GMT October 25, 2011
FOREX FOCUS: U.S. Courts Criticism With More QE3
Reply   
(Dow Jones via eFXnews) Rising expectations of more quantitative easing from the U.S. is putting the dollar back in the spotlight.

And this may not be in a good way.

Convention would have it that increased liquidity will not only make the dollar less attractive through lower U.S. yields but also by improving global risk sentiment and encouraging investors out of safe havens.

The timing of this may .....

FOREX FOCUS: U.S. Courts Criticism With More QE3 (full story)

GVI Forex john 16:25 GMT October 25, 2011
Global-View.com Forex Heat Maps

Note in Heat Map tables that gold has been running higher into European meetings tomorrow.

tokyo rana 16:11 GMT October 25, 2011
jpy

Sell AUDUSD
Entry: Target: Stop:

now final push of stox eur aud gbp etc coming...be ready for short....

Saar KaL 16:09 GMT October 25, 2011
KaL's Trend and Level

I think all 2 year Gold Entry is around 1400 to 1350
for an end of next 2 years Lowest point P.I
2050 and max of 3000
gold wont stop guys

GVI Forex john 16:06 GMT October 25, 2011
Global-View.com Forex Heat Maps


Be Sure to Refresh Forum Manually to Update Heat Map.


hk ooozmeeh 16:02 GMT October 25, 2011
GOLD

hk ooozmeeh 14:57 GMT October 25, 2011 - My Profile
GOLD : Reply
hk ooozmeeh 13:40 GMT October 25, 2011 - My Profile
GOLD : Reply
Buy Gold
Entry: 1650 Target: Stop:

fresh buy Gold at 1650, s/l below 200 daily ma
================
trailing profit stop set @ 1675

****************

took profit on this particular position at 1697......

Saar KaL 15:55 GMT October 25, 2011
KaL's Trend and Level

with that last offset
I took historical hours close for last 45
out of 45 orders future ones
got this

avg 1.4170 1.3628
max / Min 1.4222 1.3558

Saar KaL 15:50 GMT October 25, 2011
KaL's Trend and Level

i just made a Buy GTC EURUSD

1.4195 1.3651

lets say goes up next day
then same time next day place another
these will keep active all next 30 days

GVI Forex Blog 15:49 GMT October 25, 2011 Reply   
The price action during the New York session was choppy, reflecting the paltry outlook for the EU leader summit scheduled for tomorrow. EUR/USD bounced wildly within a 100 pip range and tested the 1.3850 level on confusion over the timing of the various European meetings on Wednesday. Markets calmed down after officials confirmed that the leaders' summit was on; note that a short technical Ecofin meeting had been penciled in for Wednesday as well, and has now been cancelled.

TradeTheNews.com US Market Update

Saar KaL 15:45 GMT October 25, 2011
KaL's Trend and Level

Look guys the offsets are great tools

eurusd for a month you can use this Buy offset

1.0197
sure might see 1.35 area this week or next
use it to place buy orders
and average with daily closes

matsudo rana 15:37 GMT October 25, 2011
jpy

Buy USDJPY
Entry: Target: Stop:

out from shorts 40pips total...it was usdjpy.....

tokyo rana 15:36 GMT October 25, 2011
jpy
Reply   

Entry: 75.85 Target: 76.15/45 Stop: 75.60

bought...will short tomorrow...happy trade,

Saar KaL 15:29 GMT October 25, 2011
KaL's Trend and Level

ndx
Buying

2,407.7832 2,358.4719

2,395.6584 2,346.5954

Saar KaL 15:26 GMT October 25, 2011
KaL's Trend and Level

cable Longs

1) 1.6077 1.5946
2nd) 1.6043 1.5912

Israel Dil 15:07 GMT October 25, 2011
GOLD

gold shorts caught trading without rubber suit

GVI Forex Blog 15:04 GMT October 25, 2011 Reply   
October 25 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, October 26. Updated: Trading Events Calendar

GVI Forex- Data Outlook for October 26, 2011

HK Kevin 15:02 GMT October 25, 2011
KaL's Trend and Level

Israel Dil 14:56 GMT, yes. On the upside 1.4040, but it's a calculated risk. I am short at 1.3944.
censored I covered my long USD/CAD from 1.0011 at 1.0088 after the BOC rate descision . The pair flied to 1.0201

GVI Forex john 15:02 GMT October 25, 2011
Calendar
Reply   


October 25 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, October 26. Updated: Trading Events Calendar

  • Far East: AU- CPI.
  • Europe: GB- CBI Trends.
  • North America: US- Weekly Mortgages, Durable Goods, New Homes Sales, Weekly Energy, 5-yr. CA- BOC Monetary Policy Report.


Richland QC Mailman 15:00 GMT October 25, 2011
eur

Hi folks. Was away since before the London opening time. Just back and just saw Euro's price volatility. It is like a ship riding in tumultuous waves in the Pacific Ocean.

Forex folks believe that when market is extremely volatile for a currency, it could be a tell-tale sign of a looming reversal. Does this mean euro's rally-happy days are coming to its end?

Israel Dil 14:59 GMT October 25, 2011
KaL's Trend and Level

13840 confirm 13780
13970 confirms 14030

it's 60 pips intervals market :-)

hk ooozmeeh 14:57 GMT October 25, 2011
GOLD

hk ooozmeeh 13:40 GMT October 25, 2011 - My Profile
GOLD : Reply
Buy Gold
Entry: 1650 Target: Stop:

fresh buy Gold at 1650, s/l below 200 daily ma
================
trailing profit stop set @ 1675

Israel Dil 14:56 GMT October 25, 2011
KaL's Trend and Level

but, 1.4+ is on cards as long the low stays in place

Israel Dil 14:55 GMT October 25, 2011
KaL's Trend and Level

Kevin

it was: Israel Dil 09:54:35 GMT - 10/25/2011

HK Kevin 14:51 GMT October 25, 2011
KaL's Trend and Level

Judging from the movement of commodity ccurrencies, I favour the 1.3780 - 1.3960 trading range of Israel Dil 13:15 GMT

Saar KaL 14:47 GMT October 25, 2011
KaL's Trend and Level

hahaha ok

hk ab 14:46 GMT October 25, 2011
GOLD

YEs, it should be the one overcoming that Ma

Saar KaL 14:46 GMT October 25, 2011
KaL's Trend and Level

now doing another batch of orders
for next 17 hrs at least
using offset and trend

EUR/USD 1.3986 1.3855 Buy
USD/JPY 76.1167 75.5713 Sell
GBP/USD 1.6043 1.5912 Buy
USD/CHF 0.8836 0.8750 Sell
AUD/USD 1.0544 1.0391 Buy
USD/CAD 1.0195 1.0115 Sell
NZD/USD 0.8039 0.7931 Buy
EUR/JPY 105.9164 105.2417 Buy
GBP/JPY 121.5445 120.8185 Buy
GBP/CHF 1.4087 1.4011 Sell
EUR/AUD 1.3349 1.3250 Sell
AUD/JPY 79.7819 78.9900 Buy
CAD/JPY 74.8851 74.4824 Buy
NZD/JPY 60.8446 60.2767 Buy
GBP/NZD 2.0085 1.9934 Sell
GBP/AUD 1.5324 1.5206 Sell
AUD/NZD 1.3155 1.3063 Buy
NAS100 2,395.6584 2,346.5954 Buy
XAU/USD 1,694.9513 1,673.7951 Buy
XAG/USD 32.5617 31.8918 Buy

Minneapolis DRS2 14:44 GMT October 25, 2011
KaL's Trend and Level

Saar KaL 14:34 GMT October 25, 2011

Hah, who are you foolin...you mean, YOU want 1.3990...

Talk about talkin' yo' book...

Saar KaL 14:37 GMT October 25, 2011
KaL's Trend and Level

long still ndz
adding
tgt 2400

matsudo rana 14:36 GMT October 25, 2011
jpy

jpy yen buy guys not short...

matsudo rana 14:36 GMT October 25, 2011
jpy

jpy yen buy guys not short...

Saar KaL 14:34 GMT October 25, 2011
KaL's Trend and Level

eurusd wants 1.3990 area

Saar KaL 14:33 GMT October 25, 2011
KaL's Trend and Level

Longed and adding

AUD/JPY
CAD/JPY
NZD/JPY

Fx Trading Discussion 14:31 GMT October 25, 2011 Reply   

EURUSD Trading Plan

Saar KaL 14:29 GMT October 25, 2011
eur

out of most gold long

kl fs 14:28 GMT October 25, 2011
jpy

forget about BOJ, they will let usdjpy free fall till 73

hk ooozmeeh 14:27 GMT October 25, 2011
GOLD



twice it failed this MA, is today "the one"? gl gt

matsudo rana 14:27 GMT October 25, 2011
jpy

Sell EURJPY
Entry: 106.10 Target: open Stop: later

33% out for 65pips plus....

ny jy 14:24 GMT October 25, 2011
jpy
Reply   
Calling 911 and BoJ

HK [email protected] 14:22 GMT October 25, 2011
gold

One has to watch now if gold got/or not, a life of it's own by dissociating itself from the FX Mkt. by such a decisive breach of 1661.

Saar KaL 14:22 GMT October 25, 2011
eur

short gbpnzd
Long eurjpy and gbpjpy and adding

Israel Dil 14:20 GMT October 25, 2011
usd/chf
Reply   

looks like that pair enters the last rally phase before a double digit % fall

hk ab 14:17 GMT October 25, 2011
gold
Reply   
KL, you must love it so much.

Tokyo Rana 14:17 GMT October 25, 2011
jpy

Sell EURUSD
Entry: 1.395 Target: open Stop: 1.395now

33% out for 70pips plus...happy trade,

hk ab 14:14 GMT October 25, 2011
gold
Reply   
seems bull last effort to eat stops though.

Also eur crosses are unwindling now.

Saar KaL 14:14 GMT October 25, 2011
eur

short usdcad
tgt .9880

hk ab 14:11 GMT October 25, 2011
gold
Reply   
safe heaven buy, rana

good level coming for you.

Saar KaL 14:10 GMT October 25, 2011
eur

I am here ab
Long EURUSD and adding

Just longed NZDUSD

kl fs 14:08 GMT October 25, 2011
cad

looks like it ab, usdcad close above 1.0170 should be good for more pips north till Friday

GVI Forex john 14:03 GMT October 25, 2011
ALERT- U.S. Data

- Weak U.S. data.
- not much reaction.

GVI Forex john 14:00 GMT October 25, 2011
ALERT- U.S. Data
Reply   

-- ALERT --
Conference Board Survey October 2011
39.8 vs. 46.5 exp. vs. 45.4 prev.

Richmond Fed Index October 2011
-6 vs. -1 exp. vs. -6 prev.


TTN: Live News Special Offer

hk ab 13:58 GMT October 25, 2011
cad
Reply   
a strong key day reversal for cad today.... should be.

Lahore FM 13:57 GMT October 25, 2011
cad

BOC unchanged and generally dovish outlook!

Toronto KH 13:57 GMT October 25, 2011
cad

One way market after the BoC statement. Stops and short squeeze.

kl fs 13:55 GMT October 25, 2011
cad
Reply   
what happened to the cad? any news?

matsudo rana 13:54 GMT October 25, 2011
jpy
Reply   

Entry: 76.25 Target: open Stop: 30pips

half out 25pips stop be now...happy trade,

matsudo rana 13:54 GMT October 25, 2011
jpy
Reply   
Sell USDJPY
Entry: 76.25 Target: open Stop: 30pips

half out 25pips stop be now...happy trade,

Haifa ac 13:48 GMT October 25, 2011
eur

http://www.calworthington.com/images/cal_worthingtonEle2.gif

In worthington Calif

http://www.calworthington.com/images/cal_worthingtonEle2.gif

Lahore FM 13:46 GMT October 25, 2011
" Trade Ideas "

Buy GBPCAD
Entry: 1.6025 Target: 1.7000 Stop: 1.6000 for 2/3rds

Lahore FM 17:30:31 GMT - 10/20/2011

Buy GBPCAD
Entry: 1.6025 Target: 1.70 Stop: 1.5880
long here.
--
1/3rd out at at 1.6190 now for 165 +.
sl raised

Lahore FM 13:44 GMT October 25, 2011
" Trade Ideas "

Buy USDCAD
Entry: 1,0033 Target: Stop:

Lahore FM 16:34:41 GMT - 10/24/2011

Buy USDCAD
Entry: 1.0033 Target: Stop:

long for a few hundred pips!

--

closed 1/3rd at 1.0120 now.

hk ab 13:42 GMT October 25, 2011
eur
Reply   
where's Kal now?

hk ooozmeeh 13:40 GMT October 25, 2011
GOLD
Reply   
Buy Gold
Entry: 1650 Target: Stop:

fresh buy Gold at 1650, s/l below 200 daily ma

GVI Forex Jay 13:40 GMT October 25, 2011
Alert - headline confusion
Reply   
Headline that Wed's EcoFin meeting was cancelled being confused with Summit meeting, which is not cancelled

GVI Forex john 13:22 GMT October 25, 2011
Trade Talk- Whats Moving Markets

-- Market-Moving News --
German Ruling Party and main opposition agree to joint motion for EFSF. Sources-- €/$ spikes.

Boston eFX 13:22 GMT October 25, 2011
EUR/USD Can Absorb Some Deadline Slippage - BNP Paribas
Reply   
(Dow Jones via eFXnews) EUR/USD can absorb some deadline slippage, BNP Paribas says, assuming the creation of a special purpose investment vehicle (SPIV) gains credence.

"That may then become a matter for ....

EUR/USD Can Absorb Some Deadline Slippage - BNP Paribas

Israel Dil 13:15 GMT October 25, 2011
Europe today


time to manage the trade's risk is now

about this part:

"---- my own trading idea for the next 24hrs, trade the 1.3780-1.3960 range in 60 pips intervals. good trading !

gl/gt "

GVI Forex john 13:15 GMT October 25, 2011
ALERT- Bank of Canada Policy Decision

Dovish policy statement weighing on CAD.

Bank of Canada maintains overnight rate target at 1 per cent

hk ab 13:14 GMT October 25, 2011
eur
Reply   
The first time I see all headlines + forum being full of eur optism.

sofia kaprikorn 13:04 GMT October 25, 2011
BOD
Reply   
USDJPY
Entry: Target: Stop:

so are we ready to buy the dip?

75.75 / 55 / 25 down to 75.00?

Syd 13:03 GMT October 25, 2011
UBS Appointment Faces Italy Fraud Charges - Report
Reply   
http://www.dowjones.de/site/2011/10/ubs-appointment-faces-italy-fraud-charges-report.html

Is The Euro Summit Already A Failure Following An Early EcoFin Meeting Cancellation?
The European farce descends into surrealism and gortesque tragicomedy. Just out of the FT's Brussels Blog which discussed what appears to be an early cancellation of the critical EcoFin (not to be confused with Euro Coffin) meeting: "A letter sent last night by Jacek Rostowski, the Polish finance minister, makes an [EcoFin meeting doubtful].

www.zerohedge.com/news/euro-summit-already-failure-following-early-ecofin-meeting-cancellation

FXstreet.com (Barcelona) - Australian Dollar rally from 0.9385 has extended above the 200-day MA, at 1.0390/95 reaching fresh 6-week highs at 1.0500, where, the pair is expected to unwind bullish momentum, according to Ron William, technical analyst at MIG Bank, for a return to psychological level at 1.0000.

Italy's Northern League Warns Government May Fall
Italian Prime Minister Silvio Berlusconi faced growing pressure on Tuesday over European Union demands for economic reforms with his main coalition partner warning the government could fall over the issue.
http://www.cnbc.com/id/45029097?utm_source

GVI Forex john 13:02 GMT October 25, 2011
ALERT- Belgium Leading Indicator
Reply   

-- ALERT --
Belgium: Leading Indicators October 2011
-10.0 vs. -10.0 exp. vs. -9.4 prev.


TTN: Live News Special Offer

GVI Forex john 13:00 GMT October 25, 2011
ALERT- Bank of Canada Policy Decision
Reply   

-- ALERT --
Bank of Canada Policy Decision
Policy Unchanged (1.0%)


TTN: Live News Special Offer

GVI Forex john 13:00 GMT October 25, 2011
ALERT- U.S. Case-Shiller
Reply   

-- ALERT --
U.S. Case Shiller-20 August 2011 m/m sa
0.0% vs. 0.10% exp. vs. +0.00% prev.


TTN: Live News Special Offer

Syd 12:57 GMT October 25, 2011
Itally Euro
Reply   
According to a source, Italy plans a minimal deal on raising retirement age. Retirement "age" to be increased by 3.5 hours

Syd 12:54 GMT October 25, 2011
Euro
Reply   
Merkel: Germany Doesn’t Accept ECB Graph In EU Summit Draft
BERLIN (MNI) – Germany does not agree with a paragraph in the draft communique for Wednesday’s EU summit that says the European Central Bank is to continue its non-standard measures, German Chancellor Angela Merkel said Tuesday.

“Germany does not accept this sentence,” Merkel told reporters. “We are negotiating at the moment to get a statement from the European Central Bank on what it plans to do and then we will take a position on
that.”

The Chancellor stressed that Germany “wants to see in the wording[of the communique] much more clearly what the European Central Bank wants to do…in order to prevent the misunderstanding that politics are expecting something of the ECB.”

Syd 12:52 GMT October 25, 2011
sign Wednesday’s summit could fall short?
Reply   
It’s getting uncomfortably close to crunch time for eurozone leaders, with just over 24 hours left before the summit-to-end-all-summits. But will they actually be able to agree on the big euro rescue plan? A letter sent last night by Jacek Rostowski, the Polish finance minister, makes it seem doubtful.
http://blogs.ft.com/brusselsblog/2011/10/a-sign-wednesdays-summit-could-fall-short/#axzz1bnTod6Ho


German CDU lawmaker: Greece can’t make it within euro
Bloomberg quotes an MP named Willsch as saying Greece can’t make it within the euro…

Tartu kuues 12:46 GMT October 25, 2011
EURUSD
Reply   
And Now It Sounds Like Even Wednesday Won't See A Europe Resolution

http://www.businessinsider.com/time-to-stop-banking-on-a-euro-resolution-wednesday-2011-10

matsudo rana 12:38 GMT October 25, 2011
gold

my avg 1645....

GVI Forex john 12:31 GMT October 25, 2011
ALERT- Canada Retail Sales
Reply   

-- ALERT --
Canada: Retail Sales August 2011
Headline: +0.5% vs. +0.30% exp. vs. -0.50%r prev.
X-Autos: +0.4% vs. +0.40% exp. vs. +0.10%r prev.



TTN: Live News Special Offer

Boston eFX 12:28 GMT October 25, 2011
CHARTING EUROPE: GBP/USD Strength Creates Scope For $1.6395
Reply   


(Dow Jones via eFXnews) GBP/USD is threatening further gains to the $1.6395 area, as the U.S. dollar continues to be shunned.

As GBP/USD challenges the $1.6000 level this week for the first time since early September, clues to the stronger GBP, when compared to USD, comes from a simple glance at both currencies against the present darling of currencies; the Australian dollar.

A bull pennant continuation pattern was ....

CHARTING EUROPE: GBP/USD Strength Creates Scope For $1.6395

GVI Forex john 12:27 GMT October 25, 2011
Trade Talk- Whats Moving Markets

DAX +58

Futures:
DJ -18
SP -1

hk ab 12:18 GMT October 25, 2011
gold
Reply   
rana, what's your average now?

hk ab 12:16 GMT October 25, 2011
gold
Reply   
KL, on board yet?

Gen dk 12:07 GMT October 25, 2011 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

hk ab 12:03 GMT October 25, 2011
mkt
Reply   
any news?

Saar KaL 11:49 GMT October 25, 2011
KaL's Trend and Level

1.3920 is last call folks
EURUSD North Bound Baby

Saar KaL 11:43 GMT October 25, 2011
KaL's Trend and Level

eurjpy Longs from here to 105.80
with every pip

Saar KaL 11:37 GMT October 25, 2011
KaL's Trend and Level

eurusd
Just Buy it ...Buy It...Buy it
no one wants be heated...LOL

London Misha 11:29 GMT October 25, 2011
Observations
Reply   
EURUSD - Follow on from Bullish Hammer on the Weekly Chart. Still nearing the Long MA resistance.
USDJPY - Follow on from Bearish Engulfing Pattern on Weekly Chart.
GBPUSD - Two White Soldiers follow a Bullish Hammer on Daily Chart.
USDCHF - Still following on from big Key Reversal Down on Daily Chart. Nearing Long MA support.
EURGBP - Possible Bearish In-Neck Pattern on Daily Chart.
EURJPY - Bullish Engulfing Pattern on Daily Chart.
USDCAD - Three Black Crows & still a possible Descending Triangle on the Daily Chart.
AUDUSD - Two White Soldiers on the Daily Chart. First close over the Long MA.

Saar KaL 11:12 GMT October 25, 2011
KaL's Trend and Level

AUDNZD Long
no stop
EURUSD Buying with any dip

GVI Forex Blog 11:07 GMT October 25, 2011 Reply   
The euro held firm against the dollar on Tuesday, close to a six-week high, supported by expectations European leaders would deliver a convincing plan to contain the region's debt crisis at a summit on Wednesday.

FOREX NEWS - Euro holds near 6-week high vs dollar before summit

BLR virgoan 11:02 GMT October 25, 2011
EUR/USD

@ Israel Dil , I understand that this is one of the riskiest trades I am getting into. However, the strong returns that I've generated over the last 2 months , I dont mind risking a small portion of it.

Israel Dil 10:48 GMT October 25, 2011
EUR/USD


good luck, my two cents says that this week going to see a lower low then the current one.

gl/gt

GVI Forex Jay 10:47 GMT October 25, 2011
Forex Weathermap - EURUSD
Reply   
10:45 GMT (Global-View.com) Oct 25 - EURUSD maintaining a bid following yesterday's break of its 8-day consolidation around 1.38 bu so far struggling to firmly establish 1.3950+. While the proximity of 1.40 makes it a tempting target, if only to flush out shorts and see what is up there, it would be considered a failure if this level is not tested. The cluster of 100 and 200 day mva (1.4086-92) would become a target should 1.40 be firmly breached. 1

Otherwise, today is another wait-and-see market ahead of tomorrow's crucial EU (2nd) summit.

Daily Forex WeatherMap - by Jay Meisler
Oct 25, 2011 EURUSD (Current rate: 1.3945)
Bias: UP while above 1.38 but a solid 1.3950+ is needed to put 1.40 at risk. On the downside, 1.3870 needs to hold to maintain the bid and keep the focus from 1.38. Expected range: 1.3900/1.3870/1.3820 - 1.4000/1.4012/1.4042


www.global-view.com

Forex Forum

GVI Forex john 10:45 GMT October 25, 2011
Global-View.com Forex Heat Maps

Looking at the USD table of the Heat Map
- Currencies mostly up Vs. USD. JPY basically unchanged.
- Note NZD is sharply lower after softer than expected 3Q11 CPI earlier today.
- USD broadly weaker vs. its 20day moving averages.

BLR virgoan 10:43 GMT October 25, 2011
EUR/USD
Reply   
Accumulating long positions in this pair now with a near term target of 1.4150-1.43 with a strict stop at 1.37. Although slightly risky , its worth having a shot at. Happy trading!

hk ab 10:40 GMT October 25, 2011
gold
Reply   
c9 wins again?

GVI Forex john 10:39 GMT October 25, 2011
Global-View.com Forex Heat Maps
Reply   

Be Sure to Refresh Forum Manually to Update Heat Map.


hk ab 10:32 GMT October 25, 2011
yen
Reply   
next possible action might be 3.5 hrs later for BOJ.

GVI Forex Blog 10:29 GMT October 25, 2011 Reply   
The EUR/USD hovered above the 1.39 handle throughout the session as dealers noted that the market was still running net euro short positions markets appeared to benefit on the whole from optimism that European leaders will reach a solution on the euro zone debt crisis. The price action reflected that weak euro shorts were being flushed out on the possibility that successful EU outcome was not out of the cards. In such a case the EUR/USD could retest its former uptrend line now seen at 1.4230

TradeTheNews.com European Market Update: India hints at pause in current tightening cycle; Italy under pressure to enact reforms

hk ab 10:29 GMT October 25, 2011
gold
Reply   
KL, c9 was buying the yellow metal just some times ago

hk ab 10:23 GMT October 25, 2011
mkt
Reply   
GD, if you are around, do you see turn date for DOWJ yesterday still valid?

Syd 10:14 GMT October 25, 2011
OMG ...just talking about this !! More Australians face housing stress
Reply   
Previously unreleased documents from the Reserve Bank show that a significant proportion of Australians are under serious financial stress because of their mortgage.

First-home buyers who indulged in the borrowing binge inspired by the Federal Government first-home owners' grant in 2008 are under the most strain.

separate report shows that an inflated property market has left around one in 10 Australians facing poverty.
The early part of last decade saw the beginnings of a once-in-a-generation mining boom. Investors also were riding high on a share market that could do no wrong.

As a result, many Australians decided to take out a mortgage between 2004 and 2007, confident they were financially secure.

Steve Keen, Associate Professor of economics and finance at the University of Western Sydney, says the jump in house prices created "one of the biggest housing bubbles on the planet".

Reserve Bank documents show that group of borrowers is now sinking in debt.

First-home buyers also are feeling the squeeze. Almost a quarter of first-home buyers in Melbourne, and 15 per cent of Sydney home owners, are now dealing with financial stress.

Those borrowers flooded into the market in 2009 when the first-home owners' grant doubled to $14,000.

"These people are going to be dragged into too much debt," Mr Keen said.

"At the top of the bubble they'll be the sacrificial lambs of a temporary recovery caused by restarting the housing bubble, and when it all comes down they'll be enemies of the people who brought the policy and got them into the debt in the first place."

"one of the biggest housing bubbles on the planet".

Boston eFX 10:14 GMT October 25, 2011
USD/CAD Could Break Below Parity - Commerzbank
Reply   
(Dow Jones via eFXnews) USD/CAD could break below parity, says Commerzbank, which expects the Bank of Canada to stand pat on interest rates later Tuesday but to signal in Wednesday's Monetary Policy Report that it is prepared to cut if need be.

"In case of an emergency.....

USD/CAD Could Break Below Parity - Commerzbank

Israel Dil 10:08 GMT October 25, 2011
If Italy Doesn't Act Bond Yields Will "Go Through The Roof"-EU Source

syd

currently the only thing going through the roof is the eur/usd rate. that's a fact we all must consider.

Syd 10:05 GMT October 25, 2011
If Italy Doesn't Act Bond Yields Will "Go Through The Roof"-EU Source
Reply   
If Italy Doesn't Act Bond Yields Will "Go Through The Roof"-EU Source

GVI Forex john 10:03 GMT October 25, 2011
Trade Talk- Whats Moving Markets

Starting to look beyond Wednesday in the EZ, the focus could then start to turn to the U.S. Specifically, the 3Q11 GDP estimate could be influential on the Fed policy decision on Wednesday November 2. Top Fed officials in the past week (Yellen and Dudley) have been hinting at additional ease (QE3). These two are part of the inner circle with Bernanke and thus know more than anyone what the Fed Chair is feeling. Keep an eye on stocks.

Syd 09:59 GMT October 25, 2011
Germany Pushing Hard For 60% Writedown On Greek Debt-Sources
Reply   
Germany is "pushing hard" for banks take a 60% write-down on their holdings of Greek government bonds, but France insists the cut should not be "much higher than 40", a view which is shared by banks, senior euro-zone and International Monetary Fund officials said Tuesday.
The banks fear that a 60% cut would not be deemed voluntary and could trigger a raft of claims for insurance contracts, known as credit default swaps, to cover bond losses.
"The intention for the 60% haircut was conveyed to the banks on Sunday. So Germany seems to be getting its way although there is still room for a compromise at around 50%. It will become final tomorrow at the euro-zone summit," one euro-zone official with direct knowledge of the matter told Dow Jones Newswires.
Another official said the hard stance was conveyed to representatives of the banks by Vittorio Grilli, who is tasked by the euro zone to negotiate a deeper voluntary cut by the banks than the 21% agreed in July by European leaders.

Israel Dil 09:54 GMT October 25, 2011
Europe today
Reply   

* Reuters has details of the two EFSF options under discussion: bond insurance scheme with a seperable “partial protection scheme”, and an SPV with at least three tranches: a first lost equity tranche, a mezzanine instrument, and a senior tranche;
* the paper seems to express a preference for the second option;
* the summit agreement should pave the way for an immediate purchase of Italian bonds through the EFSF right after the summit;
* this is the reason why Angela Merkel and Nicolas Sarkozy exerted so much pressure on Silvio Berlusconi, but Berlusconi responded with anger;
* there was no progress on economic reforms at a cabinet meeting in Rome;
* the Bundestag will hold a full vote on the leveraged EFSF on Wednesday morning, with opposition parties not yet committed;
* Merkel’s coalition majority is expected to shrink further;
* the EU now seeks a 60% “voluntary” haircut on Greek bonds;
* there are now visible signs in Athens of a bank run;
* the Greek government hopes to secure opposition votes in support of the legislation for a haircut;
* German newspapers report that the European summit will de facto instruct the ECB to continue with their bond purchases;
* bank recapitalisation plans hit Italy, Spain and Portugal the most;
* George Soros has a seven-point plan to save the euro (of which not a single one is likely to be politically acceptable);
* 49% of Brits favour an exit from the EU;
* Berlusconi, meanwhile, is pondering whether or not he should kill Lorenzo Bini-Smaghi.

Hats off to Reuters, the first media organisation to our knowledge which says it obtained a non-paper that explains the two toxic finance schemes in all its gory detail.

Here is our interpretative summary of their summary.

First, under the insurance option, the EFSF guarantees a yet to be agreed percentage of the value of a newly issued sovereign bond, with a “partial protection certificate” (PPC). The PPC would be separable, and freely traded (presumably to pretend that this is still a bond, not some toxic waste product). The issuing government would buy EFSF bonds to back the guarantee, to be held by a trust or an SPV. It has yet to be defined what constitutes a default, but in the event the investor would exchange the PPC for EFSF bonds at the trust/SPV.

There is also a discussion in the paper of the benefits and drawbacks. One drawback is the impact of the negative pledge clauses, which guarantees that the country that issues the bonds will not offer a more secure paper to investors later. Furthermore, since the programme focuses on primary markets only, it can only be used by countries that are not in a programme.

The second option is a similar to a classic CDO/SPV structure. The EFSF sets up the SPV with at least three tranches: the EFSF would be holding the equity tranche – which absorbs first losses – while private investors hold Participation Capital Instruments (PCI), which sounds like a mezzanine tranche, plus senior bonds. The SPV would lend to sovereigns, and invest in primary and secondary markets. All tranches of this CDO would be traded. Among the benefits the paper lists that the structure might attract sovereign wealth funds.

It seems that option 2 is preferred because it is more flexible.


EFSF will start to buy Italian bonds as soon as possible The EFSF will start to buy Italian bonds as soon as it is operational, Le Monde writes.

The reason for the pressure Angela Merkel and Nicolas Sarkozy exerted on Silvio Berlusconi at was to get the Italians ready to respond to the conditionality the EFSF will demand of Italy in exchange for supporting the country’s bonds. According to the paper Nicolas Sarkozy and the French government are particularly worried about Italy and push for a quick EFSF intervention.“ According to a government minister Italy is the ‘shock absorber’ for France”, the paper writes. “If it falls, the euro will fall as well.”

Berlusconi seemed to row back on the commitment, criticising Sarkozy and Merkel for trying to put Italy under pressure. A cabinet meeting to discuss reforms ended with no result.


---- my own trading idea for the next 24hrs, trade the 1.3780-1.3960 range in 60 pips intervals. good trading !

gl/gt

GVI Forex john 09:52 GMT October 25, 2011
Trade Talk- Whats Moving Markets
Reply   

  • Key Items- CA- Retail Sales. US- Case-Shiller, CB Confidence.

  • Wednesday is expected to see the outline of a plan to address comprehensively the European financial problems. Politicians have accepted that something has got to be done immediately to avoid a banking crisis. Nevertheless, some specific details undoubtedly will be lacking.

  • An recapitalization of European banks at a cost of EUR 100-1100bln is expected.

  • In Greece, the bid/offer in sovereign debt haircut seems to be 40% to 60%. Some still worry if a haircut on existing debt will be enough.  

  • The German insurance plan on EFSF appears to be the approach that will be used. Many wonder if the markets will participate.

  • The SNB and Japanese Finance Minister both have commented that the strength of their respective currencies is unsustainable.

  • There are rumors of a RRR cut in China later this week and Fed officials have been hinting at additional ease next week.

Syd 09:44 GMT October 25, 2011
aud
Reply   
KL KL 09:39 GMT havent heard anything about them putting the exempt tax back - got a couple more sons still looking to buy but now waiting - its quite a bit on a $600k home . gt .

Syd 09:41 GMT October 25, 2011
Italy Consumer Confidence Has Collapsed -Newedge
Reply   
Newedge says Italy consumer confidence has collapsed, with the ISAE index falling to a record low of 92.9 in October, from a downwardly revised 94.2 in September - even worse than in 2008-09 when the Italian economy was sharply contracting. Newedge says Italy needs to take strong action in the near and medium term, presenting a credible reform plan at Wednesday's E.U. summit to prevent further upward pressure on Italian bond yields. Adds that the lack of such a plan "might lead to a more general failure of [the] summit" as the ECB is unlikely to present a comprehensive plan of its own "without Italy's commitment to take serious steps to avoid further deterioration in [the country's] fiscal conditions."

KL KL 09:39 GMT October 25, 2011
AUD

Syd

I think I heard NSW will reinstall the stamp duty exemptions for first home buyer by Jan 2012.....Maybe that is why price is still going up. All for the sake of saving $20K on a $600K home and then the mortgage repayment bite them in the economic down turn. Already NSW Gov i heard will axe 5000 Public servants redundant before Christmas....If they are bread and butter workers then I expect the slump to hit before 2012......Housing seems to move down slowly. Lets hope it drops dramatically cos I want to pick up some cheepies ...Wish I was in USA sometimes....

Anyway its coming....because China is slowing...all the machine are crancked up for Christmas and Chinese New Year orders....after that .....we shall see what printed paper money can do ...... Perhaps this time the chaos would be worst than 1929....all thanks to the special previleges of banks and Funds and Mark to Market Crap. Wish I can Mark to Market my home and Keep Leveraging on it to buy more stuff...

Syd 09:38 GMT October 25, 2011
Sarkozy in Fight for French AAA, Political Future
Reply   
http://www.cnbc.com/id/45014737?utm_source=twitterfeed&utm_medium=twitter

Gen dk 09:36 GMT October 25, 2011 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

GVI Forex Blog 09:33 GMT October 25, 2011 Reply   
09:30 GMT (Global-View.com) October 25- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is opening in North America at .5109, -0.20% from its Monday close (-5.04% ytd).

Global-View D.O.G. Index October 25, 2011 U.S. Open

GVI Forex john 09:31 GMT October 25, 2011
Global-View D.O.G. Index
Reply   
09:30 GMT (Global-View.com) October 25- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is opening in North America at .5109, -0.20% from its Monday close (-5.04% ytd).

As for its key subcomponents, the USD forex purchasing power index is .7451, -0.02% (-4.25% ytd). The forex index is value is calculated against the top six trading currencies.

Against gold, the USD purchasing power index is currently worth .1738, -0.32% (-14.34% ytd).

Against crude, it is at 0.4824, -0.90% (-1.08% 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 09:31 GMT October 25, 2011
yen
Reply   
place buy limit 75.70 OCO 76.30.....

BOJ has some time of intervention that they prefer.

matsudo rana 09:30 GMT October 25, 2011
jpy

Sell USDJPY
Entry: 76.25 Target: open Stop: 30pips

sold against boj..happy trade

GVI Forex Blog 09:27 GMT October 25, 2011 Reply   
Key Items- CA- Retail Sales. US- Case-Shiller, CB Confidence. Wednesday is expected to see the outline of a plan to address comprehensively the European financial problems. Politicians have accepted that something has got to be done immediately to avoid a banking crisis. Nevertheless, some specific details undoubtedly will be lacking.

Forex Trade Talk 10:00 GMT 25 October 2011

Syd 09:24 GMT October 25, 2011
Citi's Steven Englander: European Leaders Are Ignoring One Thing, And It Will Come Back To Haunt The
Reply   


In a note out this morning, Citi's FX guru Steven Englander predicts that tomorrow's EU Summit will probably be a disappointment, but that it won't be so bad that it will trigger crisis selling again.



Regardless of the details, however, there is one thing that Europe isn't paying attention to:

hk ab 09:24 GMT October 25, 2011
gold
Reply   
with c9 on your boat, play safe.

Saar KaL 09:20 GMT October 25, 2011
Re: mkt

ab/
Buy some and Look at the mirror
Use a bill...sniff then look at yourself...LOL
Just Kidding...Good Luck

hk ab 09:18 GMT October 25, 2011
jpy
Reply   
looks like more eur lies are coming out to push e/j to the limit....

Syd 09:18 GMT October 25, 2011
AUD
Reply   
KL KL 09:01 GMT Hi if thats the case (The property that dropped in 'value' was in the G/Coast area. Bought for 630K in '07; has just sold for 395. Family shattered.)
I just found that piece on the barefoot investor site , the big worry is all those first time buyers who purchase up to the max. because up to $500k they were given not only the grant but excempt the stamp duty so they would go for the full wack... if property prices do fall all that negative equity will come back and smack them in the face , can imagine the fall out for the Government giving out all the free cash to people with no savings .. edging on criminal not a lot different to the subprime in the states. The repercussions are yet to be felt here !!

sofia kaprikorn 09:12 GMT October 25, 2011
jpy

well, guys, is it it now - pretty weak till 76.25 for now
for a intervention it must reach for the 76.60/80 at least...

hk ab 09:10 GMT October 25, 2011
Re: mkt
Reply   
Kal, I really want to see how it feels like to sniff 55 grams of red pepper.

KL KL 09:07 GMT October 25, 2011
gold

ab

still have it at 1653.5....no one came knocking....he can have it cos earlier I took the 1663.62....if average out about 1657....anyway. i am relax now...sure hate to see nice profit becomes average profit....

All waiting for EU IMF...World Bank FED...to give Positive spin on Bail out $3,000,000,000,0000,000,000,000,000,000 paper money....LOL....No amount of real money can fight those fake money...and using fake money to Sell paper Gold!!....

hk ab 09:03 GMT October 25, 2011
mkt
Reply   


Saar KaL 09:41:57 GMT - 10/24/2011
Hard One here
Kal, have you done all the things you promised yesterday?


GBPJPY...serious
ok
If and ...etc
does not hit 122.4 within 13 hrs...etc
1) Make a Banana Split with with Thai Chili Sauce + Garlic
2) Go for an Interview with Tony Blair
3) Invite Mo dona to play some Blues


Adelaide DB 09:37:47 GMT - 10/24/2011
You very funny Saar Kal


Saar KaL 09:31:10 GMT - 10/24/2011
gold
if and only if gold does not reach 1686 within 20 hrs i will do;

1) Leave my House give Purky da Key then
2) eat Banana Flees while looking at elephants in S.A. for 3 days.
3) Fly to Mid part of AUStrlia and Listen to dudes for 3.4 days


Saar KaL 09:20:42 GMT - 10/24/2011
if silver does not read 32.5 within 24 hrs i will do this;
1) Sniff 55 Grams of red pepper
2) sleep with 5 cobras for 12 hrs
3) Listen to BBC for 2 hrs

KL KL 09:01 GMT October 25, 2011
aud

syd

Sydney seems to still holding well......wonder what would happen if RBA drops rate....go higher then the BIG DROP perhaps in 2012. $900-$1million now so common in Surburbs when it was $550-700.....3 years ago.....Lets see if the repatriation of Foreign Students SCAM back to their home land will break the backs of landlords and the Myth "under supply" of housing and accomodation in Australia as the spruikers like to tell.....



Saar KaL 08:56 GMT October 25, 2011
KaL's Trend and Level

Doing these orders and Paired TGT for EURUSD Longs
on a Micro account..heheh
Instead of waiting for Prices to change to use offset
I took Historical Close and did the offset and generated Orders

1.3982 1.3851
1.3974 1.3843
1.3973 1.3842
1.3968 1.3837
1.3968 1.3838
1.3978 1.3847
1.3991 1.3861
1.3996 1.3865
1.3991 1.3860
1.3995 1.3864
1.3993 1.3862
1.3989 1.3858
1.4001 1.3870
1.3994 1.3863
1.3982 1.3851
1.3977 1.3846
1.3971 1.3840
1.3964 1.3833
1.3957 1.3826
1.3963 1.3832
1.3971 1.3841

Syd 08:51 GMT October 25, 2011
Euro TradeTheNews.com
Reply   
Italian Transport Minister said gov't collapse may be an option -

Renewed dealer chatter circulating that France's AAA sovereign rating could be cut

TradeTheNews.com

hk ab 08:50 GMT October 25, 2011
gold
Reply   
seems they must shoot the yellow thing to 1666. place 1/2 entry here and half there.

hk ab 08:48 GMT October 25, 2011
gold
Reply   
hope the big names will not watch GVI for their actions.
KL, your stops were eaten, possibly 'cos of this.

Syd 08:46 GMT October 25, 2011
aud
Reply   
The property that dropped in 'value' was in the G/Coast area. Bought for 630K in '07; has just sold for 395. Family shattered.

KL KL 08:46 GMT October 25, 2011
GOLD

ab

I am still long gold and no one came to take my stop profit......wow...almost 5 days holding.....moving by $1 up every 8 hours... Now stops near 1653.50 and lower.....I think I will sleep now ...awaiting Details of the bail out is a SCAM in Europe.....

As for aud....stops are going to be taken out tonight above 1.0560.......I am focusing Armada $$$ on gold hurrah.....more bang for buck. At the end of the day.....my style and reading of techs is applicable to any instrument....now its for bang for buck style....could be a non event day.... So if Aud come to my zone above 1.056...I will attack it....gl gt

sofia kaprikorn 08:43 GMT October 25, 2011
jpy

ACC,

you are long usd/jpy now?

I'm close to flipping a coin on this. seems they have put an invisible floor at 76 an d any dip to 75.99 is bought for the time being.

It is totally unfathomable when and if the BOJ will step in and on what terms.. Anyway it can't be ruled out we see a sudden drop and they buy it back up as it happened a week ago..

hk ab 08:41 GMT October 25, 2011
gold
Reply   
one brave c9 bought gold 1657.

Syd 08:38 GMT October 25, 2011
DJ Bini Smaghi: Difficult To Secure Political Consensus For EFSF
Reply   
Smaghi: Crisis Response Shouldn't Promote Permanent Excess Capital
Smaghi: Automatic PSI Would Blur Distinction Between Solvency, Liquidity
Smaghi: Restructuring Debt Hinders Drive For Fiscal Discipline

GVI Forex john 08:36 GMT October 25, 2011
ALERT- U.K. Current Account
Reply   

-- ALERT --
UK Current Account GBP bn-- 2Q11
-2.0 vs. -10.25 exp. vs. -9.35 prev.


TTN: Live News Special Offer

hk ab 08:29 GMT October 25, 2011
cad
Reply   
it seems that cad is developing a bandwagon.....

be careful....

hk ab 08:26 GMT October 25, 2011
TradeTheNews.com Austria Fin Min Fekter

see, these EU officials always come out with the correct timing.

Saar KaL 08:25 GMT October 25, 2011
KaL's Trend and Level

placed all these

EUR/USD 1.3995 1.3864 Buy
USD/JPY 76.3852 75.8378 Sell
GBP/USD 1.6077 1.5946 Buy
USD/CHF 0.8834 0.8748 Sell
AUD/USD 1.0562 1.0409 Buy
USD/CAD 1.0047 0.9968 Sell
NZD/USD 0.8106 0.7998 Buy
EUR/JPY 106.3558 105.6783 Buy
GBP/JPY 122.2316 121.5015 Buy
GBP/CHF 1.4113 1.4038 Sell
EUR/AUD 1.3334 1.3235 Sell
AUD/JPY 80.2030 79.4070 Buy
CAD/JPY 76.2588 75.8487 Buy
NZD/JPY 61.5700 60.9953 Buy
GBP/NZD 1.9961 1.9811 Sell
GBP/AUD 1.5329 1.5211 Sell
AUD/NZD 1.3069 1.2977 Buy
NAS100 2,407.7832 2,358.4719 Buy
XAU/USD 1,671.3637 1,650.5018 Buy
XAG/USD 32.2484 31.5850 Buy

London SFH 08:23 GMT October 25, 2011
Big DEcisions Hopefully Coming
Reply   
For EGBs, surely a direct correlation between the size of the Greek haircut and the size of bank recapitalization and that's basically why the haircut has become such a sticky topic. A EU tug of war with the banks with Greece now piping in and saying it's wants to include all of its sovereign debt maturing through 2035 in current EU talks on any GB2 bail-out package. That basically would amount to €205bn. Greece knows it will be frozen out of the markets for years to come so they are also asking for longer loan maturities and lower borrowing rates on any bilateral loans to be included in the final package. Meanwhile, pretty obvious that EU models (SPIV and fund as bond insurer options) to leverage up EFSF's size are complex and need more discussion, including with the rating firms. Thus, a complete comprehensive "Grand Plan" could have some obvious holes in it tomorrow.

Syd 08:19 GMT October 25, 2011
TradeTheNews.com Austria Fin Min Fekter
Reply   
Austria Fin Min Fekter: Greece cannot cost considerably more; does not want to invest fresh money in the Greek bailout
TradeTheNews.com

hk ab 08:19 GMT October 25, 2011
gold
Reply   
wait for that stop clearing spike in gold......

Lahore FM 08:06 GMT October 25, 2011
ticker

TOMi ticker working here.you may need a restart or refresh of the browser

hk ab 07:50 GMT October 25, 2011
gold

may need another hour for that gold push.....

warsaw TOMi 07:49 GMT October 25, 2011
ticker
Reply   
hello, my ticker is not working, anybody encounters the problem?please help. tx

hk ab 07:46 GMT October 25, 2011
gold
Reply   
ok, gold is running to my net at 1666.....

Saar KaL 07:44 GMT October 25, 2011
KaL's Trend and Level

If you wanna Risk
EURJPY Buy

106.2837 105.6054
1.0032 Factor
GBPJPY Buy

122.1209 121.3843
1.0030

hk ab 07:43 GMT October 25, 2011
mkt
Reply   
I think we will have some cheap talk from EU officials soon.

Saar KaL 07:41 GMT October 25, 2011
KaL's Trend and Level

NDX a Great Buy again

2,400.6902 2,351.5638

Factor 1.0104

Sydney ACC 07:36 GMT October 25, 2011
jpy

Prices quoted by my broker seem to be adjusted with regard to my position. Maybe I am paranoid but when I'm short the price seems a couple of pips higher than that quoted on a third-party screen I monitor regularly. The opposite occurs when I'm short.

Saar KaL 07:36 GMT October 25, 2011
KaL's Trend and Level

demo these 3
AUDJPY Buy 1.0050
CADJPY Buy 1.0027
NZDJPY Buy 1.0047

it's easy with no stress and mechanical

Syd ms 07:32 GMT October 25, 2011
jpy

I seen this with my forex broker/dealer when compared with a interbank price data. The the broker/dealer spread was either above or below the interbank price, never in the middle where it should have been. It effectively doubles the spreed.

Saar KaL 07:31 GMT October 25, 2011
KaL's Trend and Level

Gold is a buy trend wise

1,664.6212 1,643.7049

Factor 1.0063
Use any close of any hour or really anytime

Buy Level Close/1.0063
Take profit Close*1.0063

for next 30 hours should work fine

Saar KaL 07:26 GMT October 25, 2011
KaL's Trend and Level

Buying EURUSD today again
I do not think will go lower then 1.3834
using offset orders using 1.0048 factor
Placing order every hour

eurusd Longs 1.3964 1.3832
cable Long 1.6042 1.5904

usdchf short 0.8872 0.8784
AUDUSD Long 1.0523 1.0366
USDCAD Short 1.0063 0.9982

matsudo rana 07:02 GMT October 25, 2011
jpy

hk ab 06:53 dear friend,yes every where bad news but dji up 1600$ in less then month how crazy....

hk ab 06:53 GMT October 25, 2011
jpy

rana,

I have several platform. One of them is a bank.
Usually, the bank has a much wider spread than the bucketshop.

like eur is 8 pips and gold is 14 pips.

I notice that the way they put their quote would change when the trend changes.

usually their quotes were below the spots of most other platform 2 weeks ago. But since last week, they are now above the spots of most platform.

Maybe something is waiting for us.......

matsudo rana 06:43 GMT October 25, 2011
jpy

japan minus china plus...europe again up...i donot know wats going on...markeet is very complicated nowdays....

hk ab 06:40 GMT October 25, 2011
gold
Reply   
c9 planned to buy 1650 line.... will see when they enter.

GVI Forex Blog 06:36 GMT October 25, 2011 Reply   
Dollar-Swiss failed to break above 0.8900 and is now hanging near its Support at 0.8800.

FX Thoughts for the day : 25-oct-2011 - 0634 GMT

hk ab 06:34 GMT October 25, 2011
gold
Reply   
asians were selling this morning. fwiw.

Sydney ACC 06:29 GMT October 25, 2011
World power swings back to America

Relates to Ambrose's comment about oil shale fracturing -booming business.

Drilling in Fast-Growing Areas Ushers in New Era of Tension

http://www.nytimes.com/2011/10/25/us/oil-drilling-in-new-areas-ushers-in-era-of-tension.html?_r=1&hp

Syd 06:09 GMT October 25, 2011
EUR/USD Falls As London Players Book Profits - Dealer
Reply   
The EUR/USD slides further, as some early-bird European investors are reacting to negative Japanese share prices, says a senior dealer at a major bank in Tokyo. The pair is at 1.3895, with the trader tipping support for now at 1.3850. Profit-taking orders on the EUR/USD ahead of Wednesday's meeting of European leaders also affecting other currency crosses, such as the EUR/JPY, AUD/JPY as well as the AUD/USD, he says

GVI Forex Blog 05:59 GMT October 25, 2011 Reply   
- (NZ) NEW ZEALAND Q3 CPI Q/Q: 0.4% V 0.7%E (lowest since Q2 of 2010); Y/Y: 4.6% V 4.9%E - (SI) SINGAPORE SEPT INDUSTRIAL PRODUCTION M/M: -0.7% V -6.0%E; Y/Y: 12.8% V 8.9%E - (PH) PHILIPPINES AU

TradeTheNews.com Asian Market Update: Equities markets mixed, Chinese officials expect inflation to ease below 5% going forward

Syd 05:58 GMT October 25, 2011
Euro
Reply   
France Fin Min Baroin: The credit rating of France is dependent on readiness to act - French press
- Investors are testing Italy; they need to reduce their debt.
TradeTheNews.com

Boston eFX 05:41 GMT October 25, 2011
Westpac Tips AUD/GBP To Slide Toward 0.6300; RBA Key
Reply   
(Dow Jones via eFXnews) Westpac says the AUD/GBP may rise to test 0.6600/0.6650 near term, "but our bias is back towards 0.63 multi-week, despite the fragile U.K. economy and the BOE's launch of its QE2."

Westpac says the AUD/GBP is.....

Westpac Tips AUD/GBP To Slide Toward 0.6300; RBA Key (full story)

Syd 05:20 GMT October 25, 2011
The Hot New Worry In China: Domestic Insurance Payments
Reply   
According to the Wall Street Journal, Chinese regulators are worried domestic insurers are struggling more and more to make payments to policyholders. So they plan to help insurers tap into the off-shore yuan market for cash.



Chen Wenhui, vice chairman at the China Insurance Regulatory Commission, said Chinese insurers' solvency ratios have deteriorated because of sagging stock markets and insurers' rapid business development in recent years.

Add to that a rapidly expanding demand because of business development, and you've got another bomb-shell on your hands.

Syd 05:12 GMT October 25, 2011
Expect more QE from the Bank of England
Reply   
Roger Bootle, author of The Trouble with Markets, tells Robert Miller that economic growth in the UK could be zero next year and possibly even tip into recession leaving the Bank of England little alternative but to extend the asset purchase scheme beyond £275bn.

UK could be zero next year

Syd 05:08 GMT October 25, 2011
World power swings back to America
Reply   
The American phoenix is slowly rising again. Within five years or so, the US will be well on its way to self-sufficiency in fuel and energy. Manufacturing will have closed the labour gap with China in a clutch of key industries. The current account might even be in surplus.

The making of computers, electrical equipment, machinery, autos and other goods may shift back to the US from China.

Paris Eurusd Trader 05:02 GMT October 25, 2011
One small step forward and then....
Reply   
The Brussels meetings took a pause yesterday – just to meet again on Wednesday. While the markets seem to have liked what has leaked from these meetings – we have to wait until Wednesday to learn what actually is agreed upon. And after that – likely a ratification process in all 17 eurozone countries.

It’s time consuming to get matters resolved in the European Union – and time seems to be an asset leading members of the Union still believe in. Angela Merkel said after the G20 meeting at the start of the month that EU debt issues will not be resolved before we are well into 2012.

Now – will whatever to be agreed on Wednesday satisfy markets’ need for clarity and remove the clouds of uncertainty that we have had in the wake of these debt issues? I have my doubts.

The outcome on Wednesday will likely be a bit more funds available – enough to meet the additional need Greece has got and to secure a minimum capital for EU banks of 9%. But that’s all.

What then if there are further problems to come – in Greece and among other countries? Are we then in for another round of discussions and further clouds hanging over markets? Likely - yes.

The additional guarantee of 2 trillion euros against losses on sovereign debt is important – but it is only meant for new issues. Outstanding bonds will not be covered by this guarantee.

So to me the strength of markets at the start of this week – also the strength of the EURUSD – is more reflecting relief that progress is made, that we can get some practical issues resolved. And while the good mood can last for a few days more – and maybe take us even a few pips higher - I warn that this could be a short lived effect – and the likeliness of getting old problems back – is rather high.

The Brussels meeting is not the only item on the calendar for this week. It’s almost a relief that other indicators are back in my mind – and those I pay close attention to today are:

• German GfK Consumer Confidence Survey
• US Consumer Confidence
• Us Richmond Fed Manufacturing Index

A preparation note for each of these events is available in the event calendar for the Coaching Program.

What do I expect from EURUSD today? Range bound looks to be the answer. 1.3950 was toppish yesterday and for NY it looked like a struggle to set a new high of the day. We might want to take the pair to another high today – but there should be decent resistance on an approach to 1.40. Decent demand was seen at the low end of 1.38 yesterday and likely will see the same today – ahead of tomorrow’s Brussels meeting.

We will set out a more detailed trading strategy in the Trading Room.

Have a good day and be careful out there.

Syd 05:01 GMT October 25, 2011
He insisted that "no one has anything to fear" from Italy's debt. In a thinly disguised warned to Fr
Reply   
The focus of the eurozone crisis has now shifted to Italy amid growing concerns about its €1.9 trillion debt pile. Silvio Berlusconi called an emergency cabinet meeting on Monday night following demands from European leaders that Italy agrees legislation for a fresh austerity package before the summit on Tuesday.

The Italian prime minister had to skip a scheduled court appearance in Milan where he is on trial for corruption to prepare for the meeting. ahahahahahah

The Italian prime minister had to skip a scheduled court appearance in Milan where he is on trial for corruption to prepare for the meeting.

Syd 04:52 GMT October 25, 2011
Report reveals rental stress
Reply   
Advocates for affordable housing say four in 10 rental households in Lismore are struggling to make their accommodation payments.

We actually see some really awful trade-offs being made be people," she said.

"Last week I was talking at an event where people had sought emergency relief assistance because a mother had been keeping her children home from school because she didn't have any lunch to send them with.

LINK

matsudo rana 04:44 GMT October 25, 2011
jpy
Reply   
Buy EURAUD
Entry: 1.3275 Target: open Stop: 50pips

i did not saw any boj today again...and i bought euraud 1.3275 stop 50pips target is open....happy trade

Syd 04:38 GMT October 25, 2011
China
Reply   
Harry Ida Thomson Reuters :- China talking their position on Euro Already committed large amounts ... in other words in the shite if it goes down

Syd 04:34 GMT October 25, 2011
India sovereign rating downgrade TradeTheNews.com
Reply   
There is speculation in the markets that India's fiscal deficit could cause the country's sovereign rating to be downgraded - Economic Times
TradeTheNews.com

Syd 04:28 GMT October 25, 2011
West Australia Premier Will Back Legal Challenge To Mine Tax
Reply   
WA Premier Says No Plans To Raise Iron Ore Royalties
WA Premier Says A$ Hurting Tourism, Property Investment

Dow Jones )Colin Barnett told Dow Jones Newswires that he had discussed the proposed mineral resources rent tax, or MRRT, with Chinese officials in the last three weeks. Barnett didn't identify the Chinese officials during the interview.

"Every single meeting they raise it," Barnett said. "They have taken great exception to the MRRT."

Barnett said that he will support any legal challenge made by mining companies in Australia against a planned new federal resources tax.

"I expect some mining companies will challenge it. If they do Western Australia will intervene in the case on their side," he said.

The last attempt in 2010 to introduce a new mining tax in Australia led to the ouster of former Prime Minister Kevin Rudd and almost the collapse of his labor government, which was forced to seek an alliance after an inconclusive national election last year to form a minority government. Rudd's successor Prime Minister Julia Gillard is proposing a watered down version of the original resources tax.

Spot market prices for iron ore, for one, have fallen more than 15% so far in October but Barnett dismissed concerns that the market for the commodity is weakening.

Boston eFX 03:57 GMT October 25, 2011
Japan Econ Min Furukawa: To Take Decisive Steps in FX Market If Necessary
Reply   
(Dow Jones via eFXnews) Japan's economy minister joined Finance Minister Jun Azumi Tuesday in warning that the government will take decisive steps in the currency market, when necessary.

"I see that the yen's one-sided moves are .......

Japan Econ Min Furukawa: To Take Decisive Steps in FX Market If Necessary (full story)

GVI Forex Blog 03:41 GMT October 25, 2011 Reply   
Market is gaining confidence on the EU in resolving the debt crisis and the equity markets are continuing to trade higher.

Morning Briefing : 25-oct-2011 -0340 GMT

hk ab 03:19 GMT October 25, 2011
mkt
Reply   
Karl has a lot of things to do when eur and gold haven't met his target.....

Open 02:42 GMT October 25, 2011 Reply   

EUR/USD Daily Asia Outlook 10/25

Open 02:41 GMT October 25, 2011 Reply   

GBP/USD Daily Asia Outlook 10/25

Open 02:39 GMT October 25, 2011 Reply   

USD/CAD Daily Asia Outlook 10/25

Open 02:39 GMT October 25, 2011 Reply   

USD/CHF Daily Asia Outlook 10/25

hk ab 01:46 GMT October 25, 2011
GOLD

KL, seems aud is a good short, what do u think?

hk ab 01:45 GMT October 25, 2011
GOLD

KL,

c9 bought on break 1630 now exited. Sideline.

Syd 01:23 GMT October 25, 2011
RBA reaffirms possible rate cut
Reply   
The Reserve Bank of Australia (RBA) has signalled it may lower interest rates at its next policy meeting, flagging inflation data as potentially paving the way for a move.
With domestic inflation cooling and world economies looking increasingly unstable, there may be scope to lower the official cash rate, RBA deputy governor Ric Battellino said in an address to an investment conference.

Mr Battellino said the RBA saw the period ahead as "reasonably benign" for Australia, "but [the global situation] will require careful monitoring".

He said there was a sense that global growth forecasts were fragile because of possible severe downside risks.

"The situation in Europe is particularly disturbing since the authorities need to agree on policies that deal simultaneously with excessive government debt, weak banking systems, soft economic activity and sharp differences in competitiveness among European countries," he said.

"It remains to be seen how the Australian economy will respond to the recent financial volatility and the consequent fall in confidence and the loss of wealth."

Boston eFX 01:16 GMT October 25, 2011
The Euro's Too Bad To Be True
Reply   
(Dow Jones via eFXnews) A technical breakout earlier Monday may have put an end to its recent downtrend against the dollar.

But assuming that the persistent fear over a worsening in the euro-zone crisis will persist, this otherwise potential-filled breakout will most likely dissolve into a more or less prolonged period of range trading. The seemingly.....

The Euro's Too Bad To Be True (full story)

KL KL 01:14 GMT October 25, 2011
GOLD

ab

Top of the day....suprise to see gold did nothing and only took out 3/5 of my take profit under 1649....so can say I am still Long gold(but waiting like mad to get out soon near 1666) until the happy event in Europe.......Perhaps there will be fireworks in Europe when they release THE PLAN to FIX europe with cheap talk..... I think they are emulating Obama for cheap talk but no substance.....and hope to hood wink the people of this Planet that something is getting done.......

So maybe watch grass grow on gold during Asia session.....lots of currency to short....and long.....but keeping powder for GOLD.....gl gt.........what is C9 doing on this quiet day....are they suprise at the state of Coma in Gold??

 




Actionable trading levels delivered LIVE to YOUR charts

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 27 May 2019
AAGB/US- Holiday
Tue 28 May 2019
A 14:00 US- Consumer Confidence
C 13:00 US- Case-Shiller
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AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
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