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Forex Forum Archive for 10/26/2011

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


Syd 23:58 GMT October 26, 2011
AUD
Reply   
Brisbane Flip 23:48 GMT October 26, 2011
Hi Flip its really quite sad, I dont think the real drop has started yet as people are still hoping and praying but just been listening to cnbcasia chap that once the reality sets in it will have a snowball affect and people wont buy in fear of a bigger drop (same as in the USA ) why buy now when we can get it cheaper mentality but who can blame them.
The other thing is that everyone has their eye on WA and the mines , when the real action is going to be on the property market home and away - we missed the subprime thanks to first time buyers grant but now its coming back to bite them in the arse ... and its not the rates its the rest of the costs thats killing the punters just living !!

GVI Forex john 23:53 GMT October 26, 2011
ALERT- Japan Retail Sales

Weak retail sales data. Not much USDJPY reaction.

Richland QC Mailman 23:53 GMT October 26, 2011
" Trade Ideas "

Hi FM. Closed our shorts at current level which was opened up in the US market at 1.3900.

Markets have been erratic and choppy (well what is new). But we still prefer selling the pair considering the continuing uncertainty in Eurozone. However, its fast recovery from 1.3800 level and brief visit in the 1.3900 cup area again made us cautious with our intra day view.

GVI Forex chris 23:50 GMT October 26, 2011
ALERT- Japan Retail Sales
Reply   

-- ALERT --
Japan Retail Sales September 2011
-1.2% vs. -0.10% exp. vs. -2.60% prev.


TTN: Live News Special Offer

Brisbane Flip 23:48 GMT October 26, 2011
Boots On The Ground In China: Signs Of A Slowdown Are Obvious

Syd I was at a session of auctions up the coast a week or so ago looking for a cheap six-pack. It was pretty tragic day. Worst one was a massive two story penthouse sold for 1.2mio by people who knocked back 2.6mio two years ago (I happened to know the neighbors)- ouch

I guess those Sydney units that were gobbled up by the Chinese punters are looking a little shaky (I remember a massive block of units pretty much sold out in two days last year in Chatswood to the Chinese punters)

Syd 23:38 GMT October 26, 2011
Boots On The Ground In China: Signs Of A Slowdown Are Obvious
Reply   
Stunned. That probably best describes the mood of China's vast pool of property owners. For the last few years, anyone with as much as a taxi driver's salary has been speculating in the real estate market, scooping up off-plan properties at terms that would make a Countrywide mortgage broker blush.

And why not? Chinese culture has almost universally adopted the attitude that property prices never go down. Minor fluctuations and corrections over the last several months have been written off as statistical error. Well, reality has now uncomfortably set in.

Here in Shanghai, nearly 300 angry customers stormed a sales office of Longfor Properties Co Ltd after finding out that the developer had slashed prices on one of its projects by nearly 25%... practically overnight.

These were obviously the poor suckers who bought in months (or years) ago at a much higher price... and they're not especially happy about a property crash.

Philadelphia Caba 23:18 GMT October 26, 2011
jpy

Thanks FM, too confusing and headline moving market..

GVI Forex Blog 23:17 GMT October 26, 2011 Reply   
The euro held up well early in Asia on Thursday with markets, which have all but given up hopes for a comprehensive plan to solve the euro zone debt crisis, seemingly satisfied for now with the sketchy news that is coming out of the EU summit.

FOREX NEWS - Euro hangs tough as Europe hammers out deal

Syd 23:15 GMT October 26, 2011
Berlusconi Caught Checking Out The Butt On The Danish Prime Minister
Reply   
www.businessinsider.com/silvio-berlusconi-checks-out-the-butt-of-the-danish-pm-2011-10#ixzz1bvsP4yKs

EU talks with bankers proving difficult
Merkel and Sarkozy are reportedly negotiating directly with the private sector bankers and talks are being described as ‘difficult’. The banks are expected to present their latest counter-offer later today.



AUD/USD: Any rallies are classified as corrective, with the market still locked within a well defined downtrend. As such, we would expect to see the current bounce well capped below 1.0500 on a daily close basis in favor of the next major downside extension back towards and eventually below 0.9385. Ultimately, only a daily close back above 1.0550 would delay outlook and give reason for pause. A daily close back below 1.0315 confirms outlook and should accelerate declines. Rallies have stalled into the Ichimoku cloud to further confirm bias.

LINK

Syd 23:00 GMT October 26, 2011
Euro
Reply   
Merkozy not impressed with Berlusconi's letter (retirement age up only in 2026, 5bn of asset sales per year with 2tril debt) Markets neither
Nouriel Roubini
BRUSSELS (MNI) – Eurozone leaders are mulling a compromise
agreement under which private creditors would write off 100 billion euros of their Greek debt holdings, EU officials said.

Over the past few hours, German Chancellor Angela Merkel and French president Nicolas Sarkozy held direct talks with representatives of the Institute of International Finance, which is negotiating on behalf of the largest private Greek bondholders, trying to put hard numbers on the final Eurozone summit communique that is expected later this evening.

Lahore FM 22:59 GMT October 26, 2011
jpy

Caba good to see you...eurusd may be a better trade!

Open 22:57 GMT October 26, 2011 Reply   

A Technical Look at the Euro/Dollar (Vid)

Philadelphia Caba 22:54 GMT October 26, 2011
jpy
Reply   
what is odd that BOJ will cut by 0.1 tonite ?

Lahore FM 21:54 GMT October 26, 2011
" Trade Ideas "

a dual hourly close above 1.3930 can negate this but not favoured.

Lahore FM 21:52 GMT October 26, 2011
" Trade Ideas "

of eurusd selling**

Lahore FM 21:51 GMT October 26, 2011
" Trade Ideas "

a second ,more serious round of eurusd is probably shaping up now from 1.3880.aiming for 1.3630.

Syd 21:51 GMT October 26, 2011
Europe Debt Crisis, Implications for Asian Markets
Reply   
Brian Jackson, a strategist at Royal Bank of Canada in Hong Kong, talks about Europe's sovereign debt crisis and its implications for Asian economies and financial markets. Jackson speaks with Rishaad Salamat on Bloomberg Television's "On the Move Asia."

(Source: Bloomberg

Syd 21:37 GMT October 26, 2011
Heard the One About the Eurozone, and the Haircut?
Reply   
LONDON (Reuters) - Every dark cloud has its humorous lining and Europe's seemingly non-stop debt and currency crisis is no exception.

"A Greek, an Irishman and a Portuguese go into a bar and order a drink. Who picks up the bill? A German."

GVI Forex john 21:25 GMT October 26, 2011
Trade Talk- Whats Moving Markets

Now we wait for some sort of final word from the EZ Summit. There are estimates that they could met until as late as 4:00 AM CET. Odds for a significant surprise are very low.

GVI Forex john 21:19 GMT October 26, 2011
Trade Talk- Whats Moving Markets
Reply   

  • Key Items- JP BOJ, Retail Sales. US- Weekly Jobs, GDP.

  • Wednesday was a frustrating day as dealers waited for the outcome of the EU leaders summit much later (time indefinite) today. So far only snippets have been released that suggest that a comprehensive agreement is unlikely.

  • Based on the draft statement, there have been no major surprises so far. The markets will still need to figure out what the details of the "leverage" will be. Frankly, indicating that the details will not be available until "late-November" is a bit of a disappointment.

  • UK PM reported good progress in bank recapitalization discussions.. That was not a big surprise.

  • Turning to Greece and the sovereign debts the haircuts, keep in mind the governments have a strong upper hand with the banks. The thin line to walk is to make sure the "haircuts" do not trigger a credit default payment. 

  • A growing focus of the summit has been Italy. There is talk that Italian PM Berlusconi will step down once an agreement has been reached on a higher retirement age for government workers. Opposition parties seem to be using the issue as a wedge to get him out..

  • There are rumors of a RRR cut in China later this week. This gave the Shanghai Index a boost on Wednesday.

  • Markets are looking forward to the Fed decision next Wednesday, especially as Fed officials have been hinting at additional ease.

Syd 21:12 GMT October 26, 2011
Banks should follow RBA moves: Swan
Reply   
Banks have no excuse to not cut rates if the Reserve Bank does so next week, Treasurer Wayne Swan says.
The Reserve Bank is widely tipped to cut rates next Tuesday.
There's certainly no excuse for the banks not moving down if the Reserve Bank was to cut rates," Mr Swan told ABC radio.

KL KL 21:10 GMT October 26, 2011
GOLD and AUD
Reply   
Sold AUDUSD 1.0402 keep adding every25 pips this is for hedging.....

and gold 1725.4....keep adding every $2-3 above...no problem to sell until europe and yanks wake up tomorrow....we in ASIA are their future........LOL

I play the LULL now ....not the volitility....ha ha new ninja paradigm....

Lack of details is OK in EU....so long as you give HOPE like Obama does to those MEGA Banks and Financial House.....Keep your mates happy while 99% of society cannot get the mortgage rate at the rate given to Banks, FED......this are Extra ordinary times.....time to DUMP the banks and invest with those who have manage the Finances Well like those who have never defaulted in mortgage payment..... A Scam in any language.....like USA....Mr. High Moral asking EU to get their act right on their Financial Crisis..What Crap...Ask any American if they want 1-2% Mortgage rates like the banks do?? Extra Ordinary times and No extra Ordinary measure.....only same measure to help the BOYZ to keep 99% of humanity in slavery.......nothing change and nothing dramatic will happen....SELL is my game still....gl gt...that is my rant for the day!!

GVI Forex john 20:56 GMT October 26, 2011
Calendar
Reply   


October 26 (global-view.com) UPCOMING DATA HIGHLIGHTS for Thursday, October 27. Updated: Trading Events Calendar

  • Far East: JP- Retail Sales, BOJ.
  • Europe: EZ- Private Loans, M3, Consumer Sentiment, Buisness Sentiment, Economic Sentiment. GB- Trades.
  • North America: US- Weekly Jobs, 3Q11a GDP, Pending Homes Sales, Natural Gas, 7-yr Auction.


GVI Forex john 20:47 GMT October 26, 2011
USD Piivot Points
Reply   

Pivots	EURUSD	USDJPY	USDCHF	GBPUSD	USDCAD	AUDUSD
Res 3	1.4163	77.15	0.9002	1.6193	1.0272	1.0566
Res 2	1.4069	76.73	0.8931	1.6117	1.0224	1.0501
Res 1	1.3985	76.52	0.8869	1.6042	1.0135	1.0449

Pivot	1.3891	76.10	0.8798	1.5966	1.0087	1.0384

Sup 1	1.3807	75.89	0.8736	1.5891	0.9998	1.0332
Sup 2	1.3713	75.47	0.8665	1.5815	0.9950	1.0267
Sup 3	1.3629	75.26	0.8603	1.5740	0.9861	1.0215

GVI Forex Blog 20:45 GMT October 26, 2011 Reply   
Key Items- NZ- RBNZ. JP BOJ, Retail Sales. US- Weekly Jobs, GDP. Wednesday was a frustrating day as dealers waited for the outcome of the EU leaders summit much later (time indefinite) today. So far only snippets have been released that suggest that a comprehensive agreement is unlikely.

Forex Trade Talk 00:00 GMT 27 October 2011

Syd 20:42 GMT October 26, 2011
Terry McCrann: Why rates will fall
Reply   
Westpac chief economist Bill Evans said the case for a cut was "indisputable". "This trend in inflation also provides further support for our view that this cycle will not be a one-off cut," he said. "We have held the view that (in total) 100 basis points will eventually be shaved from the cash rate."
AMP Capital Investors chief economist Shane Oliver said that the benign inflation reading "also paves the way for more rate cuts next year

According to betting on futures markets, the official interest rate will fall 1 percentage point over the next six months.

Boston eFX 20:41 GMT October 26, 2011
EU Leaders Confirm They Are Working On Bank-Debt Guarantee Plan
Reply   
(Dow Jones via eFXnews) European Union leaders confirmed Wednesday that they are working on an EU-wide plan to build up guarantees on bank liabilities to help banks access funding.

According to a statement released after a meeting of the 27 EU heads of government here, bank-debt guarantees...

EU Leaders Confirm They Are Working On Bank-Debt Guarantee Plan (full story)

GVI Forex john 20:41 GMT October 26, 2011
USD Moving Averages
Reply   

10/26/2011

20:00

GMT

 

 

 

 

 

Latest

EURUSD

USDJPY

USDCHF

GBPUSD

USDCAD

AUDUSD

NZDUSD

Last

1.3902

76.30

0.8808

1.5967

1.0046

1.0397

0.7940

High

1.3974

76.32

0.8859

1.6041

1.0176

1.0436

0.8001

Low

1.3796

75.69

0.8726

1.5890

1.0039

1.0319

0.7910

Change

-0.0008

0.38

0.0027

-0.0037

-0.0105

-0.0040

-0.0017

MVA

EURUSD

USDJPY

USDCHF

GBPUSD

USDCAD

AUDUSD

NZDUSD

5 day

1.3878

76.25

0.8833

1.5939

1.0094

1.0378

0.7987

10 day

1.3834

76.57

0.8904

1.5852

1.0133

1.0312

0.7974

20 day

1.3659

76.69

0.9009

1.5708

1.0254

1.0052

0.7846

50 day

1.3857

76.76

0.8685

1.5877

1.0064

1.0231

0.8068

100 day

1.4079

77.95

0.8411

1.6037

0.9874

1.0436

0.8207

200 day

1.4094

79.98

0.8744

1.6136

0.9809

1.0394

0.7975

TREND

EURUSD

USDJPY

USDCHF

GBPUSD

USDCAD

AUDUSD

NZDUSD

BIAS

Up

Down

Down

Up

Down

Up

Up

 

jerusalem kb 20:36 GMT October 26, 2011
Buy EURJPY
Entry: 106.25 Target: 107108.35 Stop: 105.60

buy stop

Syd 20:25 GMT October 26, 2011
TradeTheNews.com EU official: expectations for China assistance in EFSF are premature
Reply   
EU official: expectations for China assistance in EFSF are premature (EU) Recent equity market strength attributed to recirculated reports from earlier today that China and Russia may be ready to invest in the SPIV from the EU. Earlier reports indicated that China was preparing to invest in the IMF special purpose investment vehicle. An EFSF spokesperson earlier could not confirm China would participate in the SPIV.

TradeTheNews.com

Fx Trading Discussion 20:19 GMT October 26, 2011 Reply   

TRADING SIGNALS

GVI Forex john 20:14 GMT October 26, 2011
ALERT- Reserve Bank of New Zealand

From RBNZ Statement...

“Given the ongoing global economic and financial risks, it remains prudent to continue to keep the OCR on hold at 2.5 percent for now. However, if global developments have only a mild impact on the New Zealand economy, it is likely that gradually increasing pressure on domestic resources will require future OCR increases.”

Syd 20:08 GMT October 26, 2011
Chinese metals groups warn on tightening
Reply   
Chinese metals companies, lynchpins in the global economy, are warning that Beijing’s monetary tightening has gone too far, causing domestic customers to delay orders and raising the risk of payment default.
In one of the clearest signs yet of deteriorating sentiment, Baosteel, China’s second-largest steel producer, has told the Financial Times that its customers were pushing back scheduled deliveries “due to declining economic growth and tightening credit”.
China’s large industrial groups are increasingly voicing concerns over the impact that credit tightening is having on their customers, after a year in which Beijing has raised interest rates and bank reserve requirements. Chalco, China’s biggest aluminium maker, said it was worried about payment defaults from credit-squeezed customers. “Because our downstream customers face the predicament of scarce capital, the company’s risks of payment collection are increasing,” it said this week. “We must pay great attention to this.” Wugang, another top steel producer, revealed in its quarterly results last Thursday that it had less cash on its balance sheet because of slower customer repayments. The concerns follow similar complaints from small- and medium-sized enterprises, which say that they are facing bankruptcy because credit conditions are too tight.

China’s steel demand growth is expected to slow this year, and analysts say that mills’ miscalculations led to a glut of steel inventories building up in September, leading to a drop in steel prices during the past month. The price of rebar steel – used in the construction industry to reinforce concrete – fell last week at the Shanghai Futures Exchange to its lowest since July 2010 at Rmb3,838 per tonne, although on Thursday it recovered some ground to close at Rmb4,039.

The falling steel prices prompted some small and medium-sized mills in China to shut down in recent weeks, further cutting into iron ore prices and forcing some mining companies to renegotiate supply contracts with Chinese steelmakers.
http://www.ft.com/intl/cms/s/0/5249677e-ffe2-11e0-8441-00144feabdc0.html#axzz1bpFwMfYg

GVI Forex john 20:02 GMT October 26, 2011
ALERT- Reserve Bank of New Zealand
Reply   

-- ALERT --
Reserve Bank of New Zealand

Policy Left Unchanged (2.50%)



TTN: Live News Special Offer

Syd 20:01 GMT October 26, 2011
Reserve Bank Of NZ Keeps Cash Rate Unch At 2.50%
Reply   
Reserve Bank Of NZ Keeps Cash Rate Unch At 2.50%

Syd 20:00 GMT October 26, 2011
Italy letter to EU promises reforms, new revenues
Reply   
It also said the minimum age for old age pensions would be raised in gradual steps to 67 years for both men and women by 2026.

link

GVI Forex john 19:49 GMT October 26, 2011
FX Database
Reply   

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

Syd 19:40 GMT October 26, 2011
Brewing A Chinese Banking Collapse
Reply   
http://seekingalpha.com/article/302407-brewing-a-chinese-banking-collapse?source=kizur

GVI Forex john 19:36 GMT October 26, 2011
Global-View.com Forex Heat Maps

Late U.S.

Be Sure to Refresh Forum Manually to Update Heat Map.


Syd 19:32 GMT October 26, 2011
It's a sort of flow-chart with severe implications ...
Reply   
Deleveraging, dwindling demand, and declining monetary velocity denote deflation on a global scale.

Take a look at this flow-chart and then get back to the mother ship immediately!

matsudo rana 19:20 GMT October 26, 2011
jpy
Reply   
Buy USDJPY
Entry: 76.20 Target: 77/78 Stop: 76

going long....happy trade,

dc CB 19:15 GMT October 26, 2011
Last Treasury Auction Before US Breaches 100% Debt To GDP
Reply   
There is little if anything one can say about today's 5 Year auction. It priced at 1.055%, just above the record low 1.015% in September, and well inside the WI 5 Year trading at 1.08%, at a solid 2.90 Bid To Cover, compared to the 2.82 six auction average.

However, one massively notable thing about this auction is that it is the last one, probably ever, in which the US debt/GDP ratio is still under 100% following the auction. Adding today's $35 billion to yesterday's $35 billion in Two year bonds, brings total US debt to $15.010 trillion, with GDP still at $15.013 trillion (granted this number may be revised tomorrow), resulting in a debt to GDP ratio of 99.99%.

Tomorrow's historical $29 billion in 7 Year bonds will take America into that uncharted territory of triple digit debt to GDP.

ZH

GVI Forex john 19:11 GMT October 26, 2011
Global-View D.O.G. Index
Reply   
19:00 GMT (Global-View.com) October 26- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is closing in North America at .5114, +0.46% from its Tuesday close (-4.94% ytd).

As for its key subcomponents, the USD forex purchasing power index is .7468, +0.15% (-4.03% ytd). The forex index is value is calculated against the top six trading currencies.

Against gold, the USD purchasing power index is currently worth .1674, -1.00% (-17.49% ytd).

Against crude, it is at 0.4932, +2.95% (+1.13% 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

dc CB 19:09 GMT October 26, 2011
Trade Talk- Whats Moving Markets

TALKX Floor Talk: Euro summit concludes with little new information; uncertainty of event removed but headline risk likely to remain elevated -Update-

We noted in this morning's Floor Talk comment that the bid in the market preceded an EU Summit for which expectations had been substantially reduced. Now that we've gotten the draft statement that emerged from that summit, along with a move to highs in the stock market, it's fair to say that expectations were in fact, very low.

The draft EU statement has confirmed a few things, but left many details until later dates. The factors that were confirmed were widely anticipated as well, including the following:

The risk insurance and SPV dual leverage model will be put into place.
The bailout will be leveraged 'several fold'.
Further enhancements to EFSF are possible with cooperation from IMF.

The things left hanging include:

Italy's economic plans (to be presented 11/15 now)
The magnitude of Greek debt haircuts
Bank recap plans (which can't be finalized until Greek haircuts are agreed to)
Amount of EFSF leverage (rumored to be around 4x a 250-275 bln euro base)

While nothing substantial came out of today's highly anticipated summit, outside of what was already discussed, the big, uncertain volatility event of the summit has been removed from the horizon, which is a positive for stocks.

With the EU summit "event" now in the past, the next event for U.S. market participants to focus on is tomorrow's initial Q3 GDP reading, which is expected to come in at a 2.3% annualized growth rate.

Finally, with nothing definitive out of Europe, headline risk is likely remain elevated over the near term.

Dow +130; S&P 500 +10; Nasdaq 100 -7.

Read more: http://www.briefing.com/Platinum/InDepth/InPlay.htm#ixzz1busvGxpk

dc CB 18:58 GMT October 26, 2011
Fuzzy Logic
Reply   
raises the Q if ±1.5 trillion euros is market-overwhelming

Projected world population as of Tues < 7 billion.
11/01/11 6,972,015,442

so why are the bankers getting all the money? seems with different math everybody could be rich. :)))))

Mr. Naive

Vancouver mudshark 18:35 GMT October 26, 2011
stag 1-1-2-3

Buy EURUSD
Entry: Target: Stop:

Pet your shaairk rake it in dog!

Mtl JP 18:21 GMT October 26, 2011
Trade Talk- Whats Moving Markets

EUR440 billion * "Several fold" = 3 or 4 or more x 440billion
-
several: more than 2 or 3, but not "many".

raises the Q if ±1.5 trillion euros is market-overwhelming

Vancouver 1% 18:20 GMT October 26, 2011
stag 1-1-2-3

Buy EURUSD
Entry: Target: Stop:

Return On Business weinTraub a buy just kidding...

Vancouver 1% 18:11 GMT October 26, 2011
stag 1-1-2-3

Buy EURUSD
Entry: Target: Stop:

volatile session today nice stag [email protected] knew gonna be minor sell below 1.3880 Pattern Trapper!

Richland QC Mailman 18:01 GMT October 26, 2011
eurusd

Time to buy and accumulated USD. Shorted euro 1.3890.

GVI Forex john 18:00 GMT October 26, 2011
Trade Talk- Whats Moving Markets

-- Market-Moving News --
€/$ tests above 1.3900 on EZ headlines--Draft Statememt EFSF leverage to be "Several fold". However details late in November.

Boston eFX 17:56 GMT October 26, 2011
Japan Suffers For Having A Weak Central Bank
Reply   
(Dow Jones ia eFXnews) Currency markets are one place where reputation matters.

And Japan is finding this out the hard way.

The country is currently under the kosh with growth forecasts being cut and exporter share prices tumbling sharply.

Why?

Because the yen is at the strongest level it has been against the dollar since the Second World War and there is nothing the Japanese can do about it.

What is particularly galling for the Japanese is that the ......

Japan Suffers For Having A Weak Central Bank (FULL STORY)

Israel Dil 17:54 GMT October 26, 2011 Reply   

have great day all, bye!


must see link:

haircut calculator

GVI Forex john 17:49 GMT October 26, 2011
Trade Talk- Whats Moving Markets

We heard earlier on GVI Forex that it was European "real money" whoever that is.

Israel Dil 17:48 GMT October 26, 2011
Trade Talk- Whats Moving Markets

me thinks eur/usd will close the day near the lows of the day, currently 1.38.

gl/gt

Israel Dil 17:48 GMT October 26, 2011
Trade Talk- Whats Moving Markets

me thinks eur/usd will close the day neat the lows of the day, currently 1.38.

gl/gt

nyc s 17:45 GMT October 26, 2011
Trade Talk- Whats Moving Markets

China was probably the 1.38 bid

Richland QC Mailman 17:43 GMT October 26, 2011
eurusd

Hi RAfe. Good evening. Will check it. Meanwhile, the big rally up of euro and gbp finally did another amazing come back for our equity. Heads above water and banked in the gains from the lows of the day. Whew! That was close again. Tinkering with disaster earlier. hehehe

GVI Forex john 17:43 GMT October 26, 2011
Trade Talk- Whats Moving Markets

-- Market-Moving News --
Chatter about possible Chinese investment in EU special Investment Vehicle boosting stocks-- €/$ gains.

Israel Dil 17:43 GMT October 26, 2011
Global-View.com Forex Heat Maps


"What makes a deal?

What would constitute a satisfactory outcome?

1. Plans for an orderly writedown of Greece’s debt, which would require private investors to take a 60 percent “bondholder haircut”

2. A confirmation from leaders that plans for recapitalisation of banks worth at least 108 billion euros ($150 billion)

3. An agreement to leverage the €440 billion European Financial Stability Facility (EFSF), the European bailout fund, so that it can acquire additional lending power – of at least €1 trillion

4. A realistic timetable to deliver on these commitments.

What are the odds that they will be met?

Reuters reported, a short while ago, that prospects for a comprehensive deal to resolve the crisis look dim. It cites “deep disagreement” remaining on critical aspects of a potential agreement. Summit leaders, who had been promising a “bazooka” at the summit, are now lowering expectations.

The initial hope was that Wednesday’s summit would start with a gathering of all 27 European Union leaders, followed by the meeting of the euro zone heads of state, and that by the end of it all, there would be detailed figures on how the debt crisis will be overcome.

But that hope now rests on slippery ground.

Not until November

Reuters reported, quoting an EU official, that the numbers had not been yet finalised, and that it still needed “a lot of technical work”.

It now looks like a final resolution might have to wait until the first week of November, when European Union and eurozone finance ministers are to meet."

GVI Forex john 17:37 GMT October 26, 2011
Global-View.com Forex Heat Maps

EUR Heat Map is mixed on the day and vs. its 20-day averages.

Gold and Silver are up. WTI is down but holding $90+

GVI Forex john 17:34 GMT October 26, 2011
Global-View.com Forex Heat Maps

Currencies USD Heat Map have all (except CAD) turned south on the day. Earlier they were mostly stronger. Note that the 20-day averages are still not in play, but they are closer,

GVI Forex john 17:22 GMT October 26, 2011
Global-View.com Forex Heat Maps
Reply   
Midsession...
Be Sure to Refresh Forum Manually to Update Heat Map.


HK [email protected] 17:17 GMT October 26, 2011
Gold
Reply   
At 1720 which may serve/or not as support, and one may expect buyers to come in.

On the other side on the back of this world crisis gold may move up in a hair raising speed.

Israel Dil 17:17 GMT October 26, 2011
EUR/USD

good luck. your trade setup parameters are very good for trend trader!

gl/gt

Boston eFX 16:52 GMT October 26, 2011
EU Juncker: Overall Direction Of Crisis Package Must Be Decided Weds
Reply   
(Dow Jones via eFXnews) European Union leaders probably won't pin down every detail of a plan to expand the capacity of the euro zone's rescue fund at their summit later Wednesday, but the overall direction must be decided, Jean-Claude Juncker, head of the Eurogroup of euro-zone finance ministers, said.

"We probably won't be able to ......

EU Juncker: Overall Direction Of Crisis Package Must Be Decided Weds (FULL STORY)

BLR virgoan 16:42 GMT October 26, 2011
EUR/USD
Reply   
Picked up decent chunk of EUR/USD to bring down the average cost. Strict stop remains and so does my target.

Ind! Rafe... 16:41 GMT October 26, 2011
eurusd

mailman// read my post to you from a few hours back.

GVI Forex Blog 16:39 GMT October 26, 2011 Reply   
USD/JPY (daily chart) as of Wednesday (10/26/2011) has hit yet a new all-time low below 76.00, reaching down to 75.70 in Wednesday’s trading. This bearish price action conforms to a bearish trend

USD/JPY Hits New All-Time Low Within Bearish Trend Channel

GVI Forex john 16:34 GMT October 26, 2011
Trade Talk- Whats Moving Markets

Haircuts...

40% to 60% bid/offer sounds like they settle at 50%

Israel Dil 16:05 GMT October 26, 2011
European hairdressing summit (SHAKSHUKA express)
Reply   

let's see which haircut style going to come out as the winner.

isn't exactly great to see NATO states and major economic powers spending lots of time to discuss about a haircut style?

really, SHAKSHUKA in it's best !

Mtl JP 16:04 GMT October 26, 2011
Trade Talk- Whats Moving Markets

not sure why Flaherty is running around screaming as if he had a lit dynamite stick stuck up his donkey, when, according to Carney "The Bank now expects that the euro area—where these dynamics are most acute—will experience a brief recession. The Bank’s base-case scenario nonetheless assumes that the euro-area crisis will be contained, although this assumption is clearly subject to downside risks."

hk ab 16:00 GMT October 26, 2011
gold
Reply   
yesterday move, is more or less due to Eur/Xau unload.

The big names are very smart to push gold lower when eur makes highs..... you can see that gold was deliberately pushed to 1600 margin again to make everyone believe gold down trend resumes.

Then, when gold blast up, together with eur down move, the gold rocket is quite exaggerated.

The lack of movement today in gold is not a good enough sign for gold bulls yet, though I may long when it returns to 1680....

Israel Dil 15:45 GMT October 26, 2011
EUR/USD

we have a lower low for the week now :-)

gl/gt

GVI Forex john 15:38 GMT October 26, 2011
Calendar

Westpac- NZ (weekly)


The big event this week is the RBNZ’s Official Cash Rate Review. After having mulled over the worrying news coming from offshore in recent weeks and months, we’ve updated our OCR forecast to incorporate a later and slower pace of hikes, starting with 25 basis points in June next year and finishing with the OCR peaking at 6% in 2015. But the RBNZ is unlikely to signal a significant shift in view in this week’s press release.

matsudo rana 15:33 GMT October 26, 2011
gold

im taking profit on chf short usdchf 60pips chfjpy 50pips eurchf 30pips gbpchf 20pips lucky...

GVI Forex Blog 15:29 GMT October 26, 2011 Reply   
October 26 (global-view.com) UPCOMING DATA HIGHLIGHTS for Thursday, October 27. Updated: Trading Events Calendar

GVI Forex- Data Outlook for October 27, 2011

GVI Forex john 15:26 GMT October 26, 2011
Calendar
Reply   


October 26 (global-view.com) UPCOMING DATA HIGHLIGHTS for Thursday, October 27. Updated: Trading Events Calendar

  • Far East: NZ- RBNZ Decision. JP- Retail Sales, BOJ.
  • Europe: EZ- Private Loans, M3, Consumer Sentiment, Buisness Sentiment, Economic Sentiment. GB- Trades.
  • North America: US- Weekly Jobs, 3Q11a GDP, Pending Homes Sales, Natural Gas, 7-yr Auction.


matsudo rana 15:23 GMT October 26, 2011
gold

hk ooozmeeh 14:51 yes sorry i did not post about cancel but i do said still hold...

Richland QC Mailman 15:21 GMT October 26, 2011
KaL's Trend and Level

Caught flat footed on this big move. Whipsawed... But trying to buy euros on this dip. Hoping to stop some bleeding.

Minneapolis DRS2 15:15 GMT October 26, 2011
KaL's Trend and Level

If it's just a matter of clearing stops, then we should be back to 1.3900 or so by tomorrow. If not...

Dallas Mauricio 15:06 GMT October 26, 2011
KaL's Trend and Level

Me too.

Saar KaL 15:01 GMT October 26, 2011
KaL's Trend and Level

here comes the eurusd blow

Saar KaL 14:57 GMT October 26, 2011
KaL's Trend and Level

Bought Lots of EURUSD Here
Shorts USDCHF .8870

GVI Forex john 14:55 GMT October 26, 2011
Trade Talk- Whats Moving Markets

€/$ continues to slide, as expectations for the EU Summit continue to be marked down. Headline a while ago that talks about second greek package "ongoing".

Boston eFX 14:55 GMT October 26, 2011
Sell AUD/USD On Rebound -Morgan Stanley
Reply   
(Dow Jones via eFXnews) Morgan Stanley switches its AUD/USD strategy to 'sell on rebound.' This comes after the soft Australian CPI numbers which led to a downward adjustment of rate expectations.

The bank says the .....

Sell AUD/USD On Rebound -Morgan Stanley (full story)

hk ooozmeeh 14:51 GMT October 26, 2011
gold

matsudo rana 14:24 i never saw the cancellation post, gl gt

HK Kevin 14:50 GMT October 26, 2011
KaL's Trend and Level

HK Kevin 15:02 GMT October 25, 2011
KaL's Trend and Level: Reply
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
Covered all short EUR/USD from 1.3944 her at 1.3808.

Mtl JP 14:42 GMT October 26, 2011
Trade Talk- Whats Moving Markets

EU Leaders with a capital L ... hahaha, oh... right... I forgot: they are sovereign. bigger than the market. right.

GVI Forex john 14:39 GMT October 26, 2011
eurusd

Viies- Many thanks CORRECTED

Tallinn viies 14:36 GMT October 26, 2011
eurusd
Reply   
GVI Forex john - gasoline was off -1,35m

GVI Forex john 14:31 GMT October 26, 2011
ALERT- U.S. Weekly IEA Energy Data
Reply   

-- ALERT --
U.S. Weekly Energy Inventories (mln)
Crude Oil: +4.700 vs. +2.000 exp. vs. -4.730 prev.
Gasoline: -1.350 vs. -1.600 exp. vs. -3.300 prev.
Distillates: -4.270 vs. -2.300 exp. vs -4.270 prev.
Cap/Util: 84.8% vs. 83.40% exp. vs. 83.10% prev.


TTN: Live News Special Offer

Saar KaL 14:26 GMT October 26, 2011
KaL's Trend and Level

a new batch of orders


EUR/USD Buy 1.4151 1.3849
USD/JPY Sell 76.154 75.164
GBP/USD Buy 1.6305 1.5885
USD/CHF Sell 0.8834 0.8559
AUD/USD Buy 1.0793 1.0254
USD/CAD Sell 1.0241 0.9875
NZD/USD Buy 0.8178 0.7890
EUR/JPY Buy 106.49 105.38
GBP/JPY Buy 122.65 120.91
GBP/CHF Sell 1.4150 1.3887
EUR/AUD Sell 1.3512 1.3102
AUD/JPY Buy 81.180 78.050
CAD/JPY Buy 76.171 74.293
NZD/JPY Buy 61.549 60.027
GBP/NZD Sell 2.0259 1.9832
GBP/AUD Sell 1.5524 1.5061
AUD/NZD Buy 1.3266 1.2949
NAS100 Buy 2,452 2,301
XAU/USD Buy 1,748 1,654
XAG/USD Buy 34.51 31.59

HK [email protected] 14:25 GMT October 26, 2011
That gold at 1720 was a correct short.
Reply   
Since last night I mentioned the 1720±ε as a safe shorting point.

Such a nice opportunity if will appear is still a bit far.

If no dramatic events to shake the Mkt. too much, then the next safe shorting point is at 1820±ε. Hope to be there soon:)

Saar KaL 14:25 GMT October 26, 2011
KaL's Trend and Level

a new batch of orders


EUR/USD Buy 1.4151 1.3849
USD/JPY Sell 76.154 75.164
GBP/USD Buy 1.6305 1.5885
USD/CHF Sell 0.8834 0.8559
AUD/USD Buy 1.0793 1.0254
USD/CAD Sell 1.0241 0.9875
NZD/USD Buy 0.8178 0.7890
EUR/JPY Buy 106.49 105.38
GBP/JPY Buy 122.65 120.91
GBP/CHF Sell 1.4150 1.3887
EUR/AUD Sell 1.3512 1.3102
AUD/JPY Buy 81.180 78.050
CAD/JPY Buy 76.171 74.293
NZD/JPY Buy 61.549 60.027
GBP/NZD Sell 2.0259 1.9832
GBP/AUD Sell 1.5524 1.5061
AUD/NZD Buy 1.3266 1.2949
NAS100 Buy 2,452 2,301
XAU/USD Buy 1,748 1,654
XAG/USD Buy 34.51 31.59

matsudo rana 14:24 GMT October 26, 2011
gold

hk ooozmeeh 13:05 dear friennd,i canceled my stop is open now..

GVI Forex john 14:20 GMT October 26, 2011
Trade Talk- Whats Moving Markets

€/$ price action suggesting euphoria about EU Leaders meeting has been fading fast.

GVI Forex john 14:09 GMT October 26, 2011
ALERT- U.S. New Homes Sales



Hard to get excited about a New Homes Sales figure bouncing along the bottom?

sofia kaprikorn 14:03 GMT October 26, 2011
chop
Reply   
this is incredibly bad market with all this choppy action without direction in a tight range.

GVI Forex john 14:00 GMT October 26, 2011
ALERT- U.S. New Homes Sales
Reply   

-- ALERT --
U.S. New Homes Sales August 2011
313K vs. 300K exp. vs. 296Kr prev.


TTN: Live News Special Offer

LDN dt 13:56 GMT October 26, 2011
Trade Talk- Whats Moving Markets

Hate to say this but downward correction in eur/$ makes perfect sense. Bundestag approval as indicated by g-v was as expected. What was the market thinking initially? Only wish I had held onto my short sale a lot longer. Would have been out by now about 10 times.

GVI Forex john 13:29 GMT October 26, 2011
Trade Talk- Whats Moving Markets

Motion permits EFSF leverage, but not through ECB. Also opposes ECB secondary market bond purchases.

GVI Forex john 13:26 GMT October 26, 2011
Trade Talk- Whats Moving Markets

-- Market-Moving News --
German Bundestag Approval of modified EFSF, AS EXPECTED behind €/$ spike.


Mtl JP 13:18 GMT October 26, 2011
ALERT- U.S. Durable Goods Orders

I feel guessing correctly what DOW will do with its 200dma will drip pips.

Boston eFX 13:15 GMT October 26, 2011
CHARTING EUROPE: EBS Gold Set For More Gains To $1887.45/Oz
Reply   


(Dow Jones via eFXnews) Precious metals have taken a decisive step to the upside, giving EBS gold the impetus for more gains to $1887.45 an ounce.

This also brings the September record high at $1920.60 within striking distance.

Tuesday's powerful move above $1695.00 negated a three-week bear wedge, and confirmed a significant higher low at $1604.30 in the process.

A similar move also.......

CHARTING EUROPE: EBS Gold Set For More Gains To $1887.45/Oz (full story)

hk ooozmeeh 13:05 GMT October 26, 2011
gold

what happened to your posted stop loss at 1705 my friend rana?

GVI Forex john 12:52 GMT October 26, 2011
ALERT- U.S. Durable Goods Orders

JP- Durable Goods data tends to be very volatile on a month to month basis.

Mtl JP 12:48 GMT October 26, 2011
ALERT- U.S. Durable Goods Orders

john 12:34 - durable goods is stuff like washer & dryers, fridges and stoves...
maybe prescient to one of your favorit new house sales data (expectation for ±5k around 300k) set for release in little more than an hour.

probably tradable if the number comes out off by more than 75K either way.
make sure the battery in your mouse and keyboard is fresh.

matsudo rana 12:43 GMT October 26, 2011
gold

i still hold avg 1675...

GVI Forex john 12:42 GMT October 26, 2011
eurusd

fs- I can't say for sure but I would guess that a lot of the bearish EUR sentiment must be out of the market by now. A key sentiment barometer in my mind is always spot vs. the 20-day average. I would not say that the market is overwhelmingly bullish EUR, more like mixed?

Boston eFX 12:42 GMT October 26, 2011
German Lawmakers Set To Back EFSF
Reply   
For the second time in less than a month German lawmakers hold the fate of Europe's efforts to solve its lingering debt crisis in their hands as the Bundestag, or lower house of parliament, is set for a crucial vote on the euro-zone bailout fund Wednesday.

The German parliament ....

German Lawmakers Set To Back EFSF

kl fs 12:34 GMT October 26, 2011
eurusd

thanks for the heads up viies
yes, majority market is bearish euro, while price keeps going the opposite way
i like your 1.45 target for november!

GVI Forex john 12:34 GMT October 26, 2011
ALERT- U.S. Durable Goods Orders

- Mixed Durable Goods data after revisions. Nevertheless, a bit better than expected.
- Not much €/$ reaction.

GVI Forex john 12:30 GMT October 26, 2011
ALERT- U.S. Durable Goods Orders
Reply   

-- ALERT --
U.S. Durable Goods Orders September 2011
Headline: -0.8% vs. -1.00% exp. vs. -0.10% prev.
Ex- Trans: +1.7% vs. +0.40% exp. vs. -0.40%r prev.


TTN: Live News Special Offer

Richland QC Mailman 12:26 GMT October 26, 2011
eurusd

Euro chart - we are seeing somewhat a bird or eagle like formation similar to an inverted H&S which connotes one thing: BULLISH.

Still sideline for now and watching how the data release will jolt the markets.

GVI Forex john 12:26 GMT October 26, 2011
Trade Talk- Whats Moving Markets

DAX +30

Futures
DJ +73
SP +8

hk ooozmeeh 12:24 GMT October 26, 2011
GOLD

added new at 1703.80

hk ooozmeeh 12:23 GMT October 26, 2011
gold

at 1705?

GVI Forex john 12:05 GMT October 26, 2011
Trade Talk- Whats Moving Markets

From GVI Forex...
- Timeline (CET) to finalize measures and actions needed.
12:00 Merkel addresses Bundestag.
14:00 Bundestag votes on EFSF leverage.
18:00 EU Council meets.
19:15 Heads of State Dinner.
20:00 More meetings.
22:00 Results/Announcements. Maybe...

hk ab 12:01 GMT October 26, 2011
gold
Reply   
rana, did you stop out?

Boston eFX 11:58 GMT October 26, 2011
Morgan Stanley Sees EUR/USD Spike Above 1.40
Reply   
(Dow Jones via eFXnews) Morgan Stanley sees EUR/USD spike above 1.40 after an announcement of an agreement from the EU summit today, with gains into the 1.4060 area.

But "these gains are .......

Morgan Stanley Sees EUR/USD Spike Above 1.40 (full story)

Tallinn viies 11:47 GMT October 26, 2011
eurusd
Reply   
everybody so bearish on euro.
charts still positive, we could see 1,4090/95 level before october is over and why not 1,45 in november.

Saar KaL 11:24 GMT October 26, 2011
KaL's Trend and Level

on average

Mean Max an Mean Min for a week levels

EUR/USD 1.4062 1.3973 Buy
USD/JPY 75.7346 75.4487 Sell
GBP/USD 1.6200 1.6095 Buy
USD/CHF 0.8722 0.8640 Sell
AUD/USD 1.0663 1.0535 Buy
USD/CAD 1.0065 0.9970 Sell
NZD/USD 0.8097 0.8017 Buy
EUR/JPY 106.1422 105.7939 Buy
GBP/JPY 122.2633 121.8730 Buy
GBP/CHF 1.4062 1.3974 Sell
EUR/AUD 1.3266 1.3184 Sell
AUD/JPY 80.4656 79.7579 Buy
CAD/JPY 75.6664 75.1654 Buy
NZD/JPY 61.1018 60.6576 Buy
GBP/NZD 2.0116 1.9974 Sell
GBP/AUD 1.5296 1.5178 Sell
AUD/NZD 1.3191 1.3116 Buy
NAS100 2,412.1344 2,372.6762 Buy
XAU/USD 1,716.2211 1,685.0096 Buy
XAG/USD 33.5057 32.5337 Buy

GVI Forex Jay 11:17 GMT October 26, 2011
Forex Weathermap - EURUSD
Reply   
11:15 GMT (Global-View.com) Oct 26 - Given expectations that the EZ debt plan will underwhelm, the only question I have is why the EURUSD is trading with a 1.39XX handle and not 1.38XX or lower. To keep it simple, 1.39 has replaced 1.38 as the focal point, having printed 4 days in a row and will help set the bias going forwards although sub-1.38 is needed to remove the risk of 1.40+ and a short squeeze.

Daily Forex WeatherMap - by Jay Meisler
Oct 26, 2011 EURUSD (Current rate: 1.3940)
Bias: Wait-and-see mode as the EZ debt soap opera plays itself out. No reason to be a hero as the eurusd has confounded by its resilience but it would not take much to turn sentiment given a general bearish view. Support on dips while above 1.3850, below it puts 1.38 on the radar again. Upside limited while below 1.3960, above it puts 1.40 on the radar. Expected range: 1.3850/1.3820/1.3800 1.3960/1.4000/1.4012/1.4042

www.global-view.com

Forex Forum

Saar KaL 10:57 GMT October 26, 2011
KaL's Trend and Level

Holding AUDUSD Longs till well above 1.06629

GVI Forex Blog 10:55 GMT October 26, 2011 Reply   
The euro rose against the dollar on Wednesday ahead of a European Union summit, but looked vulnerable to the downside if markets are disappointed by lack of progress in tackling the euro zone debt crisis.

FOREX NEWS - Euro up, seen vulnerable to summit disappointment

Saar KaL 10:51 GMT October 26, 2011
KaL's Trend and Level



audusd
you got to be kidding me

buyyyyyyyyyyyy

GVI Forex john 10:49 GMT October 26, 2011
Global-View.com Forex Heat Maps

EUR Table in Heat Map

EUR broadly stronger. CHF gains vs. EUR don't really count as it is part of the same story.

EUR mixed vs. its 20-day averages.

hk ooozmeeh 10:42 GMT October 26, 2011
GOLD
Reply   
Buy Gold
Entry: 1709 Target: Stop:

fresh buy at 1709

GVI Forex Blog 10:39 GMT October 26, 2011 Reply   
The FX markets were relatively quiet ahead of the 'decisive' EU Leader Summit that will begin after the European markets close today. The EUR/USD maintained a steady, positive tone above the 1.3930 level despite the preparation for disappointment from the results of today's summit. Key expectations widely known at this point suggest a Greek haircut of around 50%; Bank recapitalization plan between €90-100B and some form of leveraging EFSF for sovereign bond purchases.

TradeTheNews.com European Market Update: EU's day of reckoning???

Saar KaL 10:30 GMT October 26, 2011
KaL's Trend and Level



usdcad a good sell here

GVI Forex john 10:25 GMT October 26, 2011
Trade Talk- Whats Moving Markets

Early Equities
DAX -5

Futures:
DJ +47
SP +5

GVI Forex john 10:19 GMT October 26, 2011
Global-View.com Forex Heat Maps

Currencies vs. USD table on Heat Map mixed. Most notable is AUDUSD weakness following softer than expected Australian quarterly CPI data earlier,

USD across the board is weaker vs. its 20day moving averages.

Sydney ACC 10:16 GMT October 26, 2011
Australian Property Antics
Reply   
Mainland Chinese are investing about $3 billion a year in Sydney and Melbourne apartments.


In recent months there have been signs of financial problems among Chinese buyers. Some are clearly being affected by real estate and other problems at home.

http://www.businessspectator.com.au/bs.nsf/Article/Harry-Triguboff-China-apartment-property-interest--pd20111026-MYRRJ?OpenDocument&censored=sph

GVI Forex john 10:14 GMT October 26, 2011
Global-View.com Forex Heat Maps
Reply   

Be Sure to Refresh Forum Manually to Update Heat Map.


GVI Forex john 10:11 GMT October 26, 2011
Trade Talk- Whats Moving Markets

USDJPY makes a new all-time low of 75.709 on EBS.

GVI Forex john 10:08 GMT October 26, 2011
Trade Talk- Whats Moving Markets
Reply   

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

  • Dealers are on hold waiting for the outcome of the EU leaders summit much later (time indefinite) today. It is still up in the air what is to be expected.

  • An recapitalization plan for European banks has apparently been agreed upon at a cost of EUR 100-1100bln.

  • Reportedly still unresolved is how the EFSF will be leveraged. Additionally the "voluntary" haircuts that private investors will have to take on Greek sovereign debt remains to be decided. The range is still 50% to 60%.  

  • A growing focus of the summit is Italy. There is talk that Italian PM Berlusconi will step down once an agreement has been reached on a higher retirement age of 67 fr0m 65. Opposition parties seem to be using the issue as a wedge to get him out.

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

Gen dk 10:06 GMT October 26, 2011 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

GVI Forex john 10:01 GMT October 26, 2011
ALERT- U.K. CBI Trends
Reply   

-- ALERT --
UK CBI Trends-- Orders October 2011
-18 vs. -10 exp. vs. -9 prev.


TTN: Live News Special Offer

GVI Forex john 09:57 GMT October 26, 2011
Global-View D.O.G. Index
Reply   
09:50 GMT (Global-View.com) October 26- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is opening in North America at .5079, -0.23% from its Tuesday close (-5.59% ytd).

As for its key subcomponents, the USD forex purchasing power index is .7447, -0.15% (-4.31% ytd). The forex index is value is calculated against the top six trading currencies.
Against gold, the USD purchasing power index is currently worth .1680, -0.67% (-17.21% 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 09:54 GMT October 26, 2011 Reply   
Key Items- US- Durable Goods, New Homes, Weekly Energy. 5-yr, CA Monetary Policy Report. Dealers are on hold waiting for the outcome of the EU leaders summit much later (time indefinite) today. It is still up in the air what is to be expected. An recapitalization plan for European banks has apparently been agreed upon at a cost of EUR 100-1100bln.

Forex Trade Talk 10:00 GMT 26 October 2011

Boston eFX 09:48 GMT October 26, 2011
USD/CHF Should Recover From Here - Commerzbank
Reply   
(Dow Jones via eFXnews) USD/CHF should recover from here, says Commerzbank analyst Karen Jones, who looks for the key 0.8786-0.8748 support area to hold.

That said only above......

USD/CHF Should Recover From Here - Commerzbank

Syd 09:44 GMT October 26, 2011
Expert Sees China's Economic Demise
Reply   
Gordon G. Chang, Author of ' The Coming Collapse Of China', foresees a hard landing in China, on the back of persistently

high inflation, property bubble overhang, and questionable loans of state banks

Boston eFX 09:43 GMT October 26, 2011
USD/JPY Risk To 75 -BarCap
Reply   
(Dow Jones via eFXnews) Barclays Capital sees USD/JPY risk to 75.00, if resistance at 76.70 continues to cap any rally.

The bank says with the .....

USD/JPY Risk To 75 -BarCap (full story)

sofia kaprikorn 09:42 GMT October 26, 2011
Momentum fade

on the other hand hand just volatility wise it is safe to admit we might have a wave of eur/usd buying as any rumor might kick off some outburst of optimism.

I haven't monitored the sentiment but I noticed a forum member yesterday pointed that the forum hasn't been that optimistic and eur/usd bullish for a long time which is a good contrarian sign.

however in the short term volatility might kill any strong conviction in either direction...

Syd 09:34 GMT October 26, 2011
Forex Flash: EUR/USD: Sell, targeting 1.2900 in one month - Jyske Bank
Reply   
The EUR/USD is offering a good short entry possibility at current levels according to the Jyske Bank, who advices to sell EUR/USD in a one-month horizon, heading to 1.2900, and placing stop losses at 1.4150.

The Euro is likely to depreciate over the coming weeks according to the Jyske bank, although the bank advices caution ahead of the EU meeting: "The recommendation involves great event risk, cf. the EU summit Wednesday evening. The cautious investor should await the outcome of the meeting combined with breach of 1.3650.".

Syd 09:24 GMT October 26, 2011
What Happens in Greece Matters (But Not That Much...). So Here's How To Protect Yourself
Reply   
As Winston Churchill said of socialist economies back in 1903, "I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle."

sentiment applies as well to today's Europe, taxing their hardest-working citizens and best-run banks to prop up their other citizens in the most poorly-run nations.

sofia kaprikorn 09:19 GMT October 26, 2011
Momentum fade

EUR/JPY seems stuck for the time being

I've been watching it and pairs are driven dominantly by the EUR/USD movement - it is clear all market participants are waiting for the EU meeting for a now at some direction..

eur/usd looks toppy technically but it doesn't matter in a market driven by news/rumors and nervousness...

Syd 09:14 GMT October 26, 2011
Police Called Out After Furious Chinese Ransack Office To Protest FALLING Home Prices
Reply   
Well, this might tell you everything you need to know.

Remember when you might have expected to encounter a demonstration in protest of surging home prices?


Dropping Real Estate Prices Draw Protests
http://english.caixin.cn/2011-10-24/100317044.html

Well, now it's the opposite.

GVI Forex john 09:13 GMT October 26, 2011
ALERT- Australia Quarterly CPI



Easier than forecast AUD down...

Syd 09:10 GMT October 26, 2011
10 Disturbing Numbers From China (While All Eyes Remain On Europe)
Reply   
Sydney ACC 08:14 GMT October 26, 2011
10 Disturbing Numbers From China (While All Eyes Remain On Europe)
The market seems blinkered when it come to the situation in
China , there a lot going on under the surface that the authorities are very clever at hiding as we both know nice to see you :-)

GVI Forex john 09:04 GMT October 26, 2011
ALERT- Australia Quarterly CPI
Reply   

-- Earlier --
Australia CPI 3Q11
QQ: +0.6% vs. +0.6% exp. vs. +0.9% prev.
YY: +3.5% vs. +3.5% exp. vs. +3.6% prev.


TTN: Live News Special Offer

Syd 08:50 GMT October 26, 2011
A rate cut won't rescue the market
Reply   
Leaks are springing up all over the ship and the situation looks worrying enough that even preternaturally optimistic spruikers are now finding it hard to ignore the rising waters.

So where are all the buyers, then? Where is the turnaround? And no rate cut will come sailing to the rescue this time either.

Australia's property market is adrift — and slowly sinking.

Lahore FM 08:41 GMT October 26, 2011
" Trade Ideas "

sorry DSR its 1.3930 and 1.3630 over next 36 hours.

only ample satisfaction with deals and annmouncements will show 1.4100 or even 1.4200.

my bets are for lower eurusd.

matsudo matsudo 08:39 GMT October 26, 2011
jpy

Buy EURAUD
Entry: Target: Stop:

eurusd all out 175pips plus will buy later.....

Vancouver 99% 08:39 GMT October 26, 2011
stag 1-1-2-3

Buy EURUSD
Entry: Target: Stop:

The Gfk German consumer confidence index rose
As far as Europe is concerned, patience is still very much the order of the day. We expect another volatile session today, with the pair likely to trade between 1.3800 and 1.4000.

Pictet

Ind! Rafe... 08:34 GMT October 26, 2011
CABLE
Reply   
The Strategy for GBPUSD over the next few days is BODs.

No levels calculated as yet as no data collected for the pair however testing out (with success) a new directional addition to the model.

Minneapolis DRS2 08:18 GMT October 26, 2011
" Trade Ideas "

FM did you really mean 1.2930?

matsudo rana 08:18 GMT October 26, 2011
jpy
Reply   
Sell EURUSD
Entry: 1.403peding Target: open Stop: 1.413

leaving orders...happy trade,

Lahore FM 08:14 GMT October 26, 2011
" Trade Ideas "

eurusd potential range next 36 hours

1.2930 - 1.3630.


if they mis-stepped or market did not readily like what they sya then 1.3630 is a certainty.

Sydney ACC 08:14 GMT October 26, 2011
10 Disturbing Numbers From China (While All Eyes Remain On Europe)

SYD, great article you sure know where to find them.
Item 6 FX reserves is disturbing growth over the quarter would be less than the earning factor. Guss some of their euro purchases have been marked to market.

Saar KaL 07:59 GMT October 26, 2011
KaL's Trend and Level



GBPAUD a Great sell folks

Saar KaL 07:47 GMT October 26, 2011
KaL's Trend and Level



AUDNZD Longs are greatttttttttttt

Saar KaL 07:44 GMT October 26, 2011
KaL's Trend and Level



USDCHF Closing all Short
Same for GBPCHF
will short again between reds

Saar KaL 07:40 GMT October 26, 2011
KaL's Trend and Level



gold
will be complicated

matsudo rana 07:39 GMT October 26, 2011
jpy
Reply   
Buy EURCHF
Entry: 1.221 Target: open Stop: 50pips

going long today..... also buy usdchf 8765 gbpchf 1.4045 short chfjpy 86.60 with 50pips stops....its very risky trade though.happy trade

Saar KaL 07:33 GMT October 26, 2011
KaL's Trend and Level



still Think EurUSD a Buy
dark green and Light Green is the Long Pocket area

Vancouver 99% 07:28 GMT October 26, 2011
gold

[email protected] don't have to look out expressyours11.

Vancouver 99% 07:25 GMT October 26, 2011
gold

....its all a game of StQps get juiced seen the movie!

Syd 07:16 GMT October 26, 2011
10 Disturbing Numbers From China (While All Eyes Remain On Europe)
Reply   
ECB’s Stark: ECB’s bond buying programme removes key incentive for govts to cut deficits – Magazine
10 disturbing numbers from China:

1. 6.1% - The reported inflation rate as of September

2. 9-11% - The probable real rate of inflation in the country

3. $14.5 Billion – China’s monthly trade surplus in September. This is down from $17.7B in August and $31.5B mainly due to Europe. Whether this is an inflection point like September 2008 or just a blip is yet to be determined.

4. 30% – The current amount of disposable income that is saved in China. This is up from 19% in the mid 90’s even though household income was up five-fold during that period. The high saving rate is the result of a poor social safety net, lack of investment opportunities outside property and low interest rates on bank deposits among other reasons. This does bode well for Chinese efforts to balance their economy by making its trajectory more led by consumer spending.
5. 50% - China’s investment to GDP ratio, the highest of any major economy. This can lead to poor capital allocation, excess capacity and increased economic volatility.

6. $4.2B – Forex reserve growth in the third quarter. This compares to a monthly average of $58B a month in the first half of the year. A precipitous drop similarity occurred in the second quarter of 2008, foreshadowing a huge drop in commodity prices and worldwide growth.

7. 1400% - The amount of median family income in Shanghai it takes to buy an apartment. This is up from 600% ten years ago. Other major cities show similar rises. This is a sign of a huge property bubble and reminiscent of the rise in the Western countries until 2005/2006.

8. 22% - The fall in the Chinese equity market since July

9. $7.8T– The amount of lending that has occurred in the Chinese economy in the past 30 months as the government juiced liquidity to stave off any economic slowdown from the 2008 financial crisis.

10. 50% - The estimated percentage of this lending that was “off the balance sheet”

10. 50% - The estimated percentage of this lending that was “off the balance sheet”

Vancouver francorchamps 07:12 GMT October 26, 2011
Relief from getting an agreement and headache because of what is to be agreed

Paris Eurusd Trader 06:26

ha die mazda 24hrs Le Mans training deliver sarkozy!

Vancouver 99% 06:57 GMT October 26, 2011
stag 1-1-2-3
Reply   


Buy EURUSD
Entry: Target: Stop: 1.3825

http://www.livecharts.co.uk/Members/display_forex_pivots.php

http://www.patterntrapper.com/!TT_Forex.shtml

hk ooozmeeh 06:47 GMT October 26, 2011
gold

KL

courtesy Bloomberg)

Gold Tops $1,700 on EU Crisis Concern
Gold futures rose to the highest price in more than a month, topping $1,700 an ounce, as delays in resolving Europe’s debt crisis
A meeting of European Union finance ministers was canceled because bank-recapitalization issues cannot be decided before other elements of the rescue package
.......
even bad euro news is good for gold......

hk ooozmeeh 06:31 GMT October 26, 2011
gold

The gold market was reportedly returning to a safe haven mode again as prices firmed in the face of the latest turmoil within the EU and gold also seemed to rise in the face of softer than expected US scheduled data flow. Perhaps the market is poised to ramp up contagion fears from the Euro zone debt situation because of deteriorating financial conditions in Italy or perhaps the trade was simply put off by the news that the Economic Finance Ministers would not meet prior to the EU summit on Wednesday. Some gold traders suggested that gold might have been partly lifted by QE3 dialogue from the New York this morning.

Paris Eurusd Trader 06:26 GMT October 26, 2011
Relief from getting an agreement and headache because of what is to be agreed
Reply   
European leaders will meet this evening to try to wrap together agreement – which – they might be able to do – or they might not. Further delays cannot be excluded – as distances between the parties are substantial and fundamental. The ultimo deadline is in reality November 3-4 here in South of France. EU leaders simply can’t turn up in that meeting without an agreement.

So what are they wrangling about? A lot – to say it simple – and it’s not about cosmetics.

To the heart of the problem is the role of the European Central Bank – who has been an active player on the EU debt pitch throughout the last two years. France wants ECB to continue being an active buyer of bonds to reassure some confidence and strength in that market. Germany doesn’t think ECB should do so.

Two important questions arise from this: The first is whether member states should be able to tell ECB what to do or not to do? We are talking about the independence of the central bank which the Germans set high – and the French not so high. The second is whether being an active player in the bond market today is more of a fiscal activity than the strict monetary role the central bank should have. I mean – we all know why ECB is doing this. If they had not been as active as they have been throughout this summer, Italian and Spanish bond markets would likely have tumbled.

Since Monday when EU leaders last met – there have been talks with the banking sector – another player on the EU debt pitch.

In July banks agreed to voluntary haircuts of 21% of Greek debts. Now they face the prospect of 50-60%. And they don’t like it. They take a tough stand as they know that EU is not going to let Greece go bust – but instead will pump more money into the country, preventing Greece from defaulting. Continuing doing so and we will never get to the root of this problem.

The original plan was for EU finance ministers to meet today ahead of heads of governments. That meeting was cancelled yesterday – and for whatever reasons they have – this was not a good sign.

And if you think EU outlook is bad – not a lot of comfort is seen on the other side of the Atlanatic either.

Yesterday we had US consumer confidence out at almost a chocking bad figure - the worst seen since 2009. Richmond Fed manufacturing was also disappointing. Still – markets took a muted reaction to these figures. Are we getting a bit immune to bad news?

EURUSD has been pretty “deadlocked” over the last hours and likely will remain so for most of the day – unless we get leaks about what is going to be the likely outcome.

Until this evening we have some important indicators – but neither of them is going to be of any influence today. It’s all about Brussels this evening:

• ECB publishes its bank lending survey
• German consumer prices
• US durable goods
• US new home sales
• Reserve Bank of New Zealand rate decision
• And – overnight - Bank of Japan rate decision

On a “normal” day markets would have paid attention to these data – today they are likely going to be ignored.

I see only two possible outcomes to the Brussels meeting this evening.

1) They schedule another meeting as they can’t agree to the main questions on the table. If they do so – there might be some disappointments – but a third meeting has to come fast – as all this mess has to be sorted out before the G20 meeting on November 3-4. They simply can’t face this meeting without a plan which they can present and get approval for among all G20 nations.

2) There is an agreement – and it is likely “the German” one. What this implies is that ECB will be a more “neutral” part to whatever is going to happen in the future. Less of bond purchases and not the institution to provide funding to EFSF.
Then they will agree on a limited cash injection – just enough to keep the banking sector afloat with a capital ratio of 9%. The figure might not be fully settled as it is depending on an exact figure to be agreed with the banking sector on a Greek haircut. This might trigger 1) or they manage to settle the figure today. In reality – an agreement along these lines will keep the boat floating a bit longer – until Greece again needs more money or there is another country in acute trouble. Then we are on to discussions again – almost back to square one – but in deeper trouble than today. An agreement along these lines – the only likely one – if an agreement at all is to be reached, is not a solution – it’s all about gaining more time.

The solution would have been to agree a guarantee for all sovereign debt – with the exemption of Greece which should make a substantial haircut. The guarantee should have been in the size of 2 trillion euros – for existing as well as future debt.

They should just open their pockets – to show strength. They have that strength as European central banks – combined – sit on 10 billion euros of assets.

They should do it as a guarantee – and they should do it big. By leaving other G20 countries – as well as markets – in no doubt about their willingness as well as their capability – to remove uncertainty, they will get investors from all over the world to participate in bond purchases and recapitalisation of banks.

Think big, act as a winner and everyone will applaud you and follow you. Deep pockets would have been opened everywhere.
Instead – we possibly get an agreement – which will excite us no more than that it was one possible to reach. We might see a small relief rally from this. But tomorrow headache will hit us again – and then we are back to the same mess which has poisoned markets for the last 20 months.

EURUSD will follow equities like tandem. “Risk on” and “risk off” will still set the moves – and nothing has really changed.

Over the coming sessions I will look upon EURUSD this way:

• Until we know what the outcome in Brussels will be, not a lot will happen to the pair. The exemption might be rumours and leaks today – causing some minor volatility.

• On a decision to set a third meeting, expect a small drop – but not a big one – as a third meeting would have to come fast.

• On an agreement – almost regardless of what is agreed – expect a short lived spike – but also that one to be limited in size. It’s a relief – but more equal to pissing in your trousers to keep warm. A short lived effect.

• Later on I will trade the pair as for most of this summer – based on “risk on” and “risk off” daily scenarios. And the first one would likely be to hammer the pair a bit – after it’s small sign of relief today or tomorrow.

We have to take it step by step – day by day. It’s how markets work when politicians mess things up. It’s always been like this – and it likely will never change.

Play it cautiously and have a nice day.

KL KL 06:14 GMT October 26, 2011
gold

out 1/2 1717.5 leave the rest trailling for 100-150 pips.....lets hope none gets taken and gold plunge to 1600 tonight on AGREEMENT in EU....he he.....

Today is pure trading day against those so called robot high speed trader.....LOL....its all a game of Stops....nothing else matter!!

Israel Dil 06:13 GMT October 26, 2011
EUR/AUD

Buy EURAUD
Entry: Target: Stop:

don't forget to manage the risk exposure of the trade !


gl/gt

KL KL 06:05 GMT October 26, 2011
gold

ninja art Sell again gold 1719.60 keep adding every $2-3 above until Armada sink.....lets see the paper gold ship challenging Armada....

GVI Forex Blog 06:02 GMT October 26, 2011 Reply   
(AU) AUSTRALIA Q3 CONSUMER PRICES (CPI) Q/Q: 0.6% V 0.6%E; Y/Y: 3.5% V 3.5%E; RBA TRIMMED MEAN Q/Q: 0.3% V 0.6%E (matches 1-year low); Y/Y: 2.3% V 2.7%E - (NZ) NEW ZEALAND OCT NBNZ ACTIVITY OUTLOO

TradeTheNews.com Asian Market Update: Today's EU summit expectations leave

Syd 05:47 GMT October 26, 2011
China Labor Costs Soar as Wages Rise 22%
Reply   
Chinese labor costs have soared this year despite a slowdown in the broader economy, according to new official data that showed an average 22 percent rise in minimum wages.

http://www.cnbc.com/id/45041402

Sydney ACC 05:45 GMT October 26, 2011
Credit Default Swaps
Reply   
What a charade is being played.

Institutions that hold Greek bonds are likely to have bought CDS insurance on the default. If there is no default, they can't get paid their insurance.

So once the supposedly "voluntary" "haircuts" on bonds are imposed, one of those institutions is going to find a US judge who will declare the transaction a fraud, that default has indeed occurred and the CDS must be honoured by the issuer.

At that time the whole charade will unfold.

Saar KaL 05:29 GMT October 26, 2011
KaL's Trend and Level

If I could play that...Ever?

Spain

Syd 05:20 GMT October 26, 2011
Troubled Spain Faces Vote
Reply   
Spain is now at the core of the euro zone's sovereign-debt crisis after the collapse of a decadelong housing boom sent unemployment spiraling and punched a large hole in its public-sector accounts. International investors worry

International investors worry Spain will struggle to close a budget gap that stood at more than 9% of gross domestic product in 2010, revitalize its sluggish economy and create jobs—further complicating efforts to stem the region's debt turmoil.

matsudo matsudo 05:04 GMT October 26, 2011
jpy

Sell USDJPY
Entry: 77pending Target: open Stop: later

BOJ SHIRAKAWA: Deflation cannot be beaten with monetary policy alone but that the BOJ hopes to do what it can on the monetary front.

Ind! Rafe... 04:30 GMT October 26, 2011
Yesterday's Bloody Battle with USD Bears

Sorry BODs to 13814-13744-13705.

13814 is a pivot.

These are updated weekly levels.

Boston eFX 04:25 GMT October 26, 2011
Euro's Surprising Rally Could Reflect Bank Recapitalization
Reply   
(Dow Jones via eFXnews) The euro's recent rally in the midst of the euro zone's fraught negotiations over its debt crisis, may have less to do with any market optimism toward the region's rescue plan than it does with European banks making adjustments to pay for it.

Some participants in the foreign exchange market are speculating that....

Euro's Surprising Rally Could Reflect Bank Recapitalization (full story)

Syd 04:20 GMT October 26, 2011
China newspaper The Global Times TradeTheNews.com
Reply   
China newspaper The Global Times: If these countries don't want to change their ways with China, they will need to prepare for the sound of cannons; Military action may be warranted if the "situation turns ugly" in the East China and the South China seas

TradeTheNews.com

prague viktor 04:20 GMT October 26, 2011
sell the EURO
Reply   
Sell EURUSD
Entry: Target: Stop:

IMO we are so clossing to the top maybe 100-300pips more but the fall wil be so fast after that..


G/L G/T

Ind! Rafe... 04:19 GMT October 26, 2011
Yesterday's Bloody Battle with USD Bears

Mailman// Euro trend is UP. Look for a break of 13916/54 to enter the trend, if you have any doubts about it then BODs to 13828,13744.

Syd 04:13 GMT October 26, 2011
China Largest Real Estate Developer Warns of Price Falls
Reply   
China’s largest real estate developer believes the country’s property market, a key driver for the economy, has turned and expects conditions to worsen in the coming months as sales prices and volumes decline further.

A 30 percent drop in property prices would precipitate a collapse in fixed investment in China and the country’s investment-driven economy would experience a so-called hard landing after years of annual growth above 9 percent, according to UBS economist Wang Tao.

matsudo rana 04:05 GMT October 26, 2011
jpy
Reply   
Buy EURAUD
Entry: 1.3275 Target: open Stop: 1.3325now

half out now for 150pips plus...happy trade,

Syd 03:07 GMT October 26, 2011
&P 500, very bearish over the longer term
Reply   
Long term very bearish on the S&P 500, with eventual declines all the way back to the March 2009 low at 667, and even below is favored over the next 9-12 months (or more). Note that the 5 wave fall from the Oct 2007 high at 1576 suggests that the fall from that high is not "complete" (new lows), while the May 2nd high at 1371 completed the 3 wave, A-B-C correction from the 667 low. Additionally, the market is seen forming a huge, bearish head and shoulders pattern for over the last 11 years, with the May high at 1371 testing the area of the right shoulder (see weekly chart/2nd chart below), and adds to this longer term bearish view. So for now, would maintain the longer term bearish bias that was put in place on Aug 19th at 1140, but there will no doubt be good sized, countertrend bounces along the bigger picture way lower (as recently). Key longer term support below the early Oct spike low at 1075 is seen at the base of the multi-year bull channel (currently at 1040/50) and 1015/25 (50% from the 667 low).

LINK

KL KL 02:48 GMT October 26, 2011
gold

in again short 1715.64....keep shorting gold .....no problem...every $2-3 now...should make 100 pips in 15 minutes......imvho....or hold for long term....lol

Syd 02:47 GMT October 26, 2011
What's Next for Europe?
Reply   
Tim Geithner all the way through has suggested europe has enough to do it on its own. i thought the comments today were quite significant, therefore. we're prepared to do a lot of things to be helpful, but i think they recognize that the primary burden for this has to fall on europeans. they obviously have the financial capacity to do this, they made the political commitment, they have to show the world the strength of that commitment expressed in a detailed plan.

LINK

Syd 02:40 GMT October 26, 2011
Greenspan: Why European Union Is Doomed to Fail
Reply   
The European Union is doomed to fail because the divide between the northern and southern countries is just too great, former Fed Chairman Alan Greenspan told CNBC in a recent interview.

Greenspan feels that, to a very large extent, what’s driving the United States at the moment is Europe. "Today, there is one single integrated global stock market," he said.

Greenspan predicts that as the south's fiscal crisis deepens, the flow of goods from the north will stop altogether and southern Europe's standard of living will go down.

Richland QC Mailman 02:33 GMT October 26, 2011
Yesterday's Bloody Battle with USD Bears
Reply   
Good morning folks.

Whew! Thought we almost blew it. For 5 hours, we have strategically fired multiple shots - USD buying - shorting euro and gbp/usd. It was very stubborn and price was stubbornly choppy. Fortunately, correction came and gave us the opportunity to bank in the gains for we know we are not with the trend. While it was very tough assignment, almost beaten us black and blue, the fruits were really sweet.

As the saying goes, no pain no gain.

Open 02:22 GMT October 26, 2011 Reply   

EUR/USD Daily Asia Outlook 10/26

Open 02:22 GMT October 26, 2011 Reply   

GBP/USD Daily Asia Outlook 10/26

Open 02:22 GMT October 26, 2011 Reply   

USD/CAD Daily Asia Outlook 10/26

Open 02:21 GMT October 26, 2011 Reply   

USD/CHF Daily Asia Outlook 10/26

Syd 02:09 GMT October 26, 2011
RBA inflation hawk signals possible rate cut
Reply   
The Reserve Bank has signalled once again that tomorrow's official inflation result could be the trigger for an interest rate cut on Melbourne Cup Day.

The RBA deputy governor, Ric Battelino, says recent outlooks make inflation less concerning, while the debt crisis in Europe remains the big global fear

Syd 01:44 GMT October 26, 2011
UN Official: China Shouldn't Buy 'Junk' EU Sovereign Debt - Report
Reply   
China shouldn't buy "junk-level" sovereign debt from European Union countries, and instead should work through the International Monetary Fund to contribute to rescue efforts for the euro zone, the China Business News on Wednesday cited a United Nations development official as saying.
While doing so, China could also pursue greater voting rights in the IMF, the paper cited Guoyong Liang, an economic affairs officer in the investment and enterprise division of the United Nations Conference on Trade and Development, as saying.
Contributing to Europe's financial stability fund would also be a less-than-ideal option for China, Liang was cited as saying. He didn't elaborate.
http://www.yicai.com

KL KL 01:26 GMT October 26, 2011
gold

in short gold again 2nd cherry bite 1710.21...too good today to make pips......

Syd 01:14 GMT October 26, 2011
AUD/USD To Continue Dropping; Support At 1.0200 - CBA
Reply   
The AUD/USD slides as Australian 3Q core inflation comes in at just 0.3%, compared with market forecast of 0.6%, with Richard Grace, chief currency strategist at Commonwealth Bank of Australia seeing more declines coming for the pair. "There is more downside left in Aussie just on the big fall in Australian bond yields. As those yields adjust, that puts more pressure on Aussie. But the bigger news is what happens out of Europe and we're very bearish there," says Grace. The AUD/USD is trading at 1.0363 vs 1.0432 before the release of CPI; Grace tips support at 1.0200 in the next 24 hours

Syd 01:13 GMT October 26, 2011
AUD/JPY Falls After Surprise Aussie 3Q CPI
Reply   
The AUD/JPY falls to 78.95 from 79.38 in the wake of Australia's 3Q CPI data release; a senior dealer at a major bank in Tokyo notes core inflation rose by just 0.3%, half of what was expected by some market participants. "The data decrease our concerns over inflationary pressures," he says. The cross is last at 78.96 and support is tipped at 78.75

Syd 01:12 GMT October 26, 2011
Aussie Rate Cut Signaled By Surprise 3Q CPI
Reply   
The door to an interest cut in Australia swung wide open Wednesday on news of a sharp moderation in inflation in the 3Q. Core inflation rose by just 0.3%, half of what was expected by the markets, and confirming the Reserve Bank of Australia's suspicions that price pressures have eased in the economy. The RBA has said it has scope to cut interest rates if needed; today's data signals the way is clear. The AUD/USD drops sharply from 1.0432 to the day's low of 1.0372. The pair is trading at 1.0382

Boston eFX 00:54 GMT October 26, 2011
More USD/JPY Records: Where That Came From
Reply   
(Dow Jones via eFXnews) After the dollar notched an all-time low against the yen Tuesday, the charts suggest it may be vulnerable to an even further drop.

But before that, the dollar may be set for a corrective bounce when it tests Y75.39, which is not far away. The dollar slumped to a new record low of Y75.71 earlier in Tuesday's session, according to CQG.

Eventually, the dollar may be vulnerable to a test of ....

More USD/JPY Records: Where That Came From (full story)

KL KL 00:46 GMT October 26, 2011
gold

out 1/4 gold now for 300 pips + @ 1705.31......rest in +170-270 pips profit lock it in.....
...let see if can have 2nd cherry in my zone of attack...

KL KL 00:39 GMT October 26, 2011
gold

ok I am in short Gold ninja art ....1709.85.... keep adding every $2-4 above....too good for another dip to 1700 later when europe discussion break for sleep.....yep that is right ....for sleeping and having rest the MAD Financial World would have to interprete that as something is happening.....LOL...All a SCAM

Australia inflation figure got nothing to do with gold.....maybe no rate cut too...maybe a bit.....who cares.....is it because banana price dropped but Petrol up when aussie dollar dropped??? Maybe inflation up again in October............up goes Audusd.....????....anyway gold is the game for me today!!

Syd 00:37 GMT October 26, 2011
RBA
Reply   
RBA will cut rates next week 25bp if shite hits the fan with Europe could go 50bp just for good measure Sell Aud

GVI Forex 00:36 GMT October 26, 2011
Alert - AUD CPI
Reply   

-- Market-Moving News –

AUST Q3 CPI Q/Q: 0.6% V 0.6%E; Y/Y: 3.5% V 3.5%E;

RBA TRIMMED MEAN Q/Q: 0.3% V 0.6%E; Y/Y: 2.3% V 2.7%E

Raises risk of RBA rate cut – AUD falls


HK [email protected] 00:36 GMT October 26, 2011
Gold(silver) on it's own
Reply   
Precious metals are running now on their own fuel, delinked from the FX and stock markets.

Simple explanation all over the net: Safe Haven.

Indeed, few weeks of accumulation by big gamers and now unexpectedly a sharp takeoff.

Next significant Res. on the daily 1720....1820.

GL/GT

Lahore FM 00:33 GMT October 26, 2011
" Trade Ideas "

Sell AUDUSD
Entry: 1.0460 Target: Stop: 1.0530 for 3/4ths

Lahore FM 15:49:23 GMT - 10/24/2011

Sell AUDUSD
Entry: 1.0460 Target: 1000 pips Stop: 1.0530
sold.
--
1/4th out at 1.0381 now.

Syd 00:32 GMT October 26, 2011
aud
Reply   
Australia's 3Q CPI 3.5% Seasonally Adjusted On Year
Australia's 3Q CPI 0.4% Seasonally Adjusted On Quarter
Australia 3Q RBA Weighted Median CPI +0.3% On Qtr
Australia 3Q RBA Trimmed Mean CPI +0.3% On Qtr
Australia 3Q CPI +3.5% On Yr; Consensus +3.5%
Australia 3Q CPI +0.6% On Qtr; Consensus +0.6%

Auckland DP 00:23 GMT October 26, 2011
AUD

Denver AM...I think it would be advisable to wait for some kind of top formation before going short on Aussie...it has too much momentumat the moment...you could short here but keep tight stops I guess

Philadelphia Caba 00:20 GMT October 26, 2011
jpy

why is word "censored" censored?

GVI Forex Blog 00:18 GMT October 26, 2011 Reply   
On Sunday I did a double take after reading that EU heads of state (read Sarkozy and Merkel) were not satisfied with the Summit sequel unveiling a plan on leveraging the EFSF, increasing the (PSI) Greek debt haircut to as much as 60% from 21% and recapitalize the banks. Noooo. In their infinite wisdom, Sarkozy and Merkel told Berlusconi he had a special homework assignment to be finished by Wednesday’s sequel Summit. What were they thinking?

When Going Gets Tough Call on Silvio (FXA)

Denver AM 00:03 GMT October 26, 2011
AUD

should read pair

Denver AM 00:02 GMT October 26, 2011
AUD

DP thank you for that alert on aussie cpi. Would you sell a rally if cpi is above forecasts? i rarely trade this paqir

 




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