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Forex Forum Archive for 05/17/2011

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HK [email protected] 23:50 GMT May 17, 2011
EURO/USD
Reply   
Euro show signs it may reach 1.4630 days later.

Syd 23:22 GMT May 17, 2011
Canada seizes fake Viagra, other goods from China
Reply   
Also seized was more than five million dollars worth of clothing and accessories with labels such as Armani, Burberry, Louis Vuitton, Adidas, Gucci, Hugo Boss, Lacoste, MAC cosmetics, Coty Perfume, Tiffany and Links of London jewelry and True Religion Jeans.

LINK

Lahore FM 23:22 GMT May 17, 2011
" Trade Ideas "

Buy EURUSD
Entry: 1.4175 Target: Stop: 1.4175 for half

Lahore FM 14:17:02 GMT - 05/17/2011

Buy EURUSD
Entry: Target: Stop:
Lahore FM 20:33:39 GMT - 05/16/2011
SJH would give it leeway till 1.4170 since it would not spoil the potential bullish picture.let us see about it.

i would enter now and keep sl 1.4120.that's about all i can give to this view for now.
--
twice the low was breached by two pips.sl at 1.4120 safe so far but would need quick move above 1.4180/90 to avoid another attack lower.
--
half closed 1.4268,sl to entry on remainder.

Syd 23:16 GMT May 17, 2011
FX Concepts' Flagship Currency Fund Down 5% In May
Reply   
FX Concepts Cuts Dollar Shorts "Substantially" - Portfolio Manager
FX Concepts Sees Dollar Rally "Longer Lasting," Turns Short EUR/JPY
INTERVIEW: FX Concepts Pares Back Negative Dollar Bets After Sharp Losses

LINK -- The negative euro sentiment is broader than just concerns over a possible Greece debt restructuring

GVI Forex Jay 23:08 GMT May 17, 2011
She feels 'alone in the world'

How about focusing on the market - nice moves just now

HK [email protected] 23:04 GMT May 17, 2011
She feels 'alone in the world'

I am sure he feels lonely too.

Maybe place both of them in the same cell:)

GVI Forex Jay 23:01 GMT May 17, 2011
Unfolding as per the risk. See levels in this thread

Syd 22:48 GMT May 17, 2011
'Lights Out' on China Trade?
Reply   
starting to ration the industrial use of electricity. what's been the impact so far?

LINK

Livingston nh 22:42 GMT May 17, 2011
She feels 'alone in the world'

If she feels alone now wait until she gets on the witness stand -- the best case is "nolo contendre" from DSK -- never be allowed back in the US but his term expires soon

HK [email protected] 22:37 GMT May 17, 2011
She feels 'alone in the world'
Reply   
The lawyer acting for the maid who was allegedly raped by Dominic Strauss-Kahn says she feels 'alone in the world' and is telling the truth.


Read more: http://www.dailymail.co.uk/news/article-1388009/Dominique-Strauss-Kahn-Maids-lawyer-says-feels-world.html#ixzz1MeRtskYa

Everything is done to condition the public mind(and the judge) before the case has even begun, but the name of the victim is withheld.

The brother of the lady(suppose to be witness) sings to the media his side, but his name too is withheld.

In this kind of cases, usually the truth is in between the opposing versions of both sides.
Everything possible has been done to bias the case against DSK.

Simply DISGUSTIIIIING!!!!!

GVI Forex Jay 22:34 GMT May 17, 2011
Australian dollar susceptible to 'vicious' decline, warns HSBC

I haven't followed this closely but heard someone say to watch AUD/JPY as its movements precede the S&P moves by about half an hour.

Syd 22:29 GMT May 17, 2011
Australian dollar susceptible to 'vicious' decline, warns HSBC
Reply   
THE Australian dollar has overtaken the Canadian dollar as the major currency most closely linked to broadly buoyant investor sentiment, leaving it overvalued and susceptible to a "vicious" decline, HSBC said in a research note.

LINK

Forex Signals 22:25 GMT May 17, 2011 Reply   

Gendk Daily Signals

Gen dk 22:22 GMT May 17, 2011 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

GVI Forex john 22:18 GMT May 17, 2011
Market Chatter

  • We stand by our view from earlier that USD short-covering has pretty much run its course. Traders are cautiously waiting to see what develops next.

  • While the ECOFIN and IMF bailout talk meetings in Brussels reached an agreement on Portugal, discussions about Greece carry on.

  • As the markets pause, the default trade is back with the robots who are trading the old S&P and EURUSD correlation.

  • It might also be that the initial rush of central bank demand for EUR for the purpose of diversification has run its course.

  • U.K. inflation data hotter than expected early Tuesday. Keeps the pressure on the BOE to tighten. GBPUSD positive.

  • Mixed ZEW data; expectations weaker than expected, but current conditions better than seen. Expectations in Germany recently have been consistently weaker than current conditions.

GVI Forex Blog 22:00 GMT May 17, 2011 Reply   
We stand by our view from earlier that USD short-covering has pretty much run its course. Traders are cautiously waiting to see what develops next. While the ECOFIN and IMF bailout talk meetings in Brussels reached an agreement on Portugal, discussions about Greece carry on. As the markets pause, the default trade is back with the robots who are trading the old S&P and EURUSD correlation.

Daily Forex View- 00:00 GMT- 17 May 11 Far East-Europe

Lahore FM 21:52 GMT May 17, 2011
" Trade Ideas "

Buy EURUSD
Entry: Target: Stop:

not a bad close at all.if we can see above 1.4339 recent high and climb above then it argues for 1.45 for sure.

Syd 21:41 GMT May 17, 2011
Debt spiral looming for Australians
Reply   
ONE in seven adults are so financially strapped that they cannot afford insurance cover for their homes and cars, a new study shows. More than 2.6 million Australians would have difficulty raising $3000 in an emergency and many lack access to basic banking services, according to the CSI Financial Exclusion Indicator.

LINK

Tallinn viies 21:17 GMT May 17, 2011
eurusd
Reply   
euro closed over 5 day moving average.
move over 1,4250 could be sign that move up may prolong to 50% retracement level near 1,45 where 20 day moving average stands
then sell sell sell again

GVI Forex john 20:55 GMT May 17, 2011
Market Chatter

USD PIVOT POINTS
Entry: Target: Stop:

Pivots	EURUSD	USDJPY	USDCHF	GBPUSD	USDCAD	AUDUSD
Res 3	1.4387	82.91	0.8941	1.6440	0.9851	1.0780
Res 2	1.4312	82.34	0.8912	1.6371	0.9822	1.0702
Res 1	1.4269	81.85	0.8858	1.6310	0.9774	1.0659

Pivot	1.4194	81.28	0.8829	1.6241	0.9745	1.0581

Sup 1	1.4151	80.79	0.8775	1.6180	0.9697	1.0538
Sup 2	1.4076	80.22	0.8746	1.6111	0.9668	1.0460
Sup 3	1.4033	79.73	0.8692	1.6050	0.9620	1.0417

GVI Forex john 20:47 GMT May 17, 2011
Market Chatter

FX DATABASE
Entry: Target: Stop:


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

GVI Forex john 20:43 GMT May 17, 2011
Market Chatter

5/17/11	20:00 GMT					
Latest	EURUSD	USDJPY	USDCHF	GBPUSD	USDCAD	AUDUSD
Last	1.4227	81.36	0.8804	1.6248	0.9727	1.0617
High	1.4236	81.77	0.8883	1.6303	0.9792	1.0623
Low	1.4118	80.71	0.8800	1.6173	0.9715	1.0502
Change	0.0043	0.61	-0.0027	0.0041	-0.0009	0.0028

MVA	EURUSD	USDJPY	USDCHF	GBPUSD	USDCAD	AUDUSD
5 day	1.4190	80.95	0.8854	1.6252	0.9677	1.0628
10 day	1.4341	80.71	0.8787	1.6328	0.9652	1.0677
20 day	1.4516	81.16	0.8771	1.6440	0.9584	1.0749
50 day	1.4317	82.00	0.8979	1.6291	0.9656	1.0458
100 day	1.3932	82.24	0.9236	1.6127	0.9773	1.0251
200 day	1.3646	82.82	0.9571	1.5925	1.0001	0.9937

TREND	EURUSD	USDJPY	USDCHF	GBPUSD	USDCAD	AUDUSD
BIAS	Down	Down	Up	Down	Up	Down


GVI Forex john 20:42 GMT May 17, 2011
Market Chatter
Reply   
Market Chatter for May 18, 2011

Syd 20:39 GMT May 17, 2011
Spain’s regional and local administrations have “hidden” debt, not included in the official ac
Reply   
The rapid growth of “hidden” public debt in Spain is likely to be revealed by incoming regional and local administrations to be elected on Sunday, damaging Spain’s credibility in the bond markets, according to a report.
“It is clear that in some or even many regional governments the official accounts do not reflect the truth,” says the research by Freemarket Corporate Intelligence, a consulting firm run by Lorenzo Bernaldo de Quirós, an economist critical of Spain’s devolved system of government.
Madhur Jha, economist at HSBC, said in a report on Spain published on Monday that revelations of larger than expected deficits by incoming regional governments would be worrying. “This would raise serious jitters about Spain’s fiscal austerity programme,” said the HSBC report.

www.ft.com/cms/s/0/6e89358c-7fee-
11e0-b018-00144feabdc0.html#axzz1MdvSc8Ge

Spain’s regional and local administrations have “hidden” debt, not included in the official accounts, amounting to about 26.4 billion euros …
The latest figures from the Bank of Spain show that the country’s 17 autonomous regions have almost doubled their public debt, to 115 billion euros, since 2008, while municipal and provincial debt has risen to 35 billion euros and central government debt stands at 488 billion euros, the newspaper said
This “hidden” debt is likely to be revealed by new regional and local administrations to be elected on May 22, the newspaper said.



LINK

GVI Forex Blog 20:34 GMT May 17, 2011 Reply   
AUD/USD and NZD/USD outlook next 24 hours: AUD is now technically bounded by major support at 1.0500 and a multi-week breached neckline at around 1.0650 above. NZD's downward correction may have ended yesterday at 0.7756, above 0.7870 confirming such. Australian consumer sentiment and wage costs today will be watched, but NZ PPI is usually ignored.

Forex - Morning Report (Westpac)

Fx Trading Discussion 20:28 GMT May 17, 2011 Reply   

EURUSD Trading Plan

GVI Forex john 19:55 GMT May 17, 2011
Global-View D.O.G. Iindex
Reply   
The Global View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is closing in the U.S. at .5149, +0.04% from its Tuesday close (-4.30% y/y).

As for its key subcomponents, the USD forex purchasing power index is .7470, -0.05% (-4.01% y/y). The forex index is value is calculated against the top six trading currencies.

Against gold, the USD purchasing power is currently worth .1942, -0.59% (-4.27% y/y).

Against crude, it is at 0.4596, +0.02% (-5.76% y/y). The D.O.G. Index base is 1.00. It is set against levels from the start of 1999.

D.O.G. Homepage

eu pat 19:06 GMT May 17, 2011
sharks

ok mark,no another comments at this funny conservation.

Paris ib 19:03 GMT May 17, 2011
Most prescient Sir !

What are you asking for? An upside target or a downside target? I'm not sure I understand your question.

prague mark 19:02 GMT May 17, 2011
sharks

straight from GS dealin desk

eu pat 18:59 GMT May 17, 2011
sharks

nice tip mark...

UK Malc 18:56 GMT May 17, 2011
Most prescient Sir !

Target for a eur correction?

Kaunas DP 18:54 GMT May 17, 2011
Most prescient Sir !

Paris ib 18:49 GMT May 17, 2011

it will be any flip flop "news" to have an excuse for the market to splash upside very fast and then no qs will be asked... LOL

Hillegom Purk 18:53 GMT May 17, 2011
Most prescient Sir !

as every move is manipulated. The one with the biggest hand in cash moves the market. Rest is cr...

Paris ib 18:49 GMT May 17, 2011
Most prescient Sir !

Thanks Joe.

So far this is mostly stops. But how we move from here is key. Expecting a bottom to form in EUR/USD. I take the view that the recent move down was manipulated and does not represent a major change of direction.

prague mark 18:48 GMT May 17, 2011
sharks

pat, sell eur/usd 1,4209 SL 20, TP 20

Fx Trading Discussion 18:39 GMT May 17, 2011 Reply   

EURUSD Trading Plan

Cambridge Joe 18:34 GMT May 17, 2011
Most prescient Sir !
Reply   
ib// Most prescient of you ! Insight or foresight ?

Paris ib 14:22 GMT May 17, 2011
eurusd: Reply
I note the overwhelming EUR/USD bearishness on this forum in spite of data which was Euro positive and USD negative. We may be seeing the end of the world eventually, just not today. In the meantime I wouldn't be surprised to see the EUR/USD test today's highs. Then we re-evaluate.

eu pat 18:31 GMT May 17, 2011
sharks

this words are not about profit...its about irracional or racional trade. simply i dont want to be gambler at greedy market...by the way im still in very solid profil today.

prague mark 18:25 GMT May 17, 2011
sharks

pat, so why dont you go along with GS? or maybe you see forex as charity as opposed to profit firgt ring?

eu pat 18:20 GMT May 17, 2011
sharks
Reply   
so again well done of GS and spol...clearing weaker stop losses from both sides after europe market close...doesnt matter where is sentiment, news etc....mainly is profit (:...

Norfolk jmr 18:12 GMT May 17, 2011
Forex Trading Plan

In no trades currently. Will wait for another opportunity later.

JERUSALEM KB 18:07 GMT May 17, 2011
Forex Trading Plan

jmr,
already bought at 1.3828 but if you also long gbpcad it is prefer to enter one of them

dc CB 18:06 GMT May 17, 2011
Market Chatter

FYI
this is Options Expiration week for Stox.

Norfolk jmr 17:59 GMT May 17, 2011
Forex Trading Plan

KB, What level are you looking to buy EUR/CAD? TIA

JERUSALEM KB 17:39 GMT May 17, 2011
Forex Trading Plan

EURUSD
Entry: Target: Stop:

Daily Euro is that a diamond bottom possibly forming???
-----------
daily close above 1.4220 will confirm this.

FW CS 17:36 GMT May 17, 2011
Forex Trading Plan

Daily Euro is that a diamond bottom possibly forming???

GVI Forex Jay 17:28 GMT May 17, 2011
Forex Trading Plan



EURCAD
Entry: Target: Stop:

Yellow line is 200 day mva

JERUSALEM KB 17:27 GMT May 17, 2011
Forex Trading Plan

ws,
the strong rebond from 1.4120 turned my outlook netural unless either 1.4120 or 1.4254 is broken i am a side.

Norfolk jmr 17:24 GMT May 17, 2011
Forex Trading Plan

KB, you looking to buy break out past recent high in the EUR/CAD. TIA

nyc ws 17:16 GMT May 17, 2011
Forex Trading Plan

KB what would turn you buliish eurusd? I knew something wasn't adding up.

JERUSALEM KB 17:07 GMT May 17, 2011
Forex Trading Plan

Buy EURCAD
Entry: Target: Stop:

LOOKING TO BUY WITH STOP BELOW1.3755 AND 1.3953 1ST TARGET
BUT NOTE THAT I AM LONG GBPCAD TOO

JERUSALEM KB 17:05 GMT May 17, 2011
Forex Trading Plan

USDCAD
Entry: Target: Stop:
USDCAD
Entry: Target: Stop:
Buy USDCAD
Entry: 0.9649 Target: 0.9705-0.9840 Stop: 0.9590
buy a break of 0.9639
--------------------------------
will move sl to be at 0.9705 break of this level may target 0.9840 and may be higher so 2nd target is open for now
-----------------------------------------------
hit first target , now a daily close above fibo 100%(at 0.9705) may target 0.9880
-----------------------------
sl now at 0.9680
-----------------
OUT WITH 115PIPS+!!

JERUSALEM KB 17:03 GMT May 17, 2011
Forex Trading Plan

Sell EURUSD
Entry: 1.4175 Target: 1.4009-1.3880 Stop: 1.4250
sold
-------------------
change in plan , out at B/E

nyc ws 17:02 GMT May 17, 2011
eur/usd

So much for that idea -- I abandoned it when eurusd did not go down as stocks and crude fell off. Something does not add up???????????

Forex Signals 16:56 GMT May 17, 2011 Reply   

FOREXNESS.COM - Free Forex Signals

nyc ws 16:49 GMT May 17, 2011
eur/usd

No insight needed today. You only have to watch stocks.

Lahore FM 16:49 GMT May 17, 2011
eur/usd

stox a drag on eurusd...a move breaking the correlation is needed and stox might follow suit.

Lahore FM 16:46 GMT May 17, 2011
eur/usd

market insight can make one more successful than having a larger bankroll to trade...

Lahore FM 16:44 GMT May 17, 2011
eur/usd

that's the foresight needed!

even an donkey may have hindsight!

Israel dil 16:36 GMT May 17, 2011
eur/usd


You think that the other thinks like ....... Hmmm

GVI Forex john 16:19 GMT May 17, 2011
Market Chatter

- Keeping a close watch on stox. S&P and EURUSD closely correlated.

Paris ib 16:11 GMT May 17, 2011
eur/usd

I think a lot of guys are thinking that they just have to take a little short and they get 8 big figures just like that..... so it wouldn't surprise me if we have a lot of people looking to short. All we end up with is a stop driven market.

Belgrade TD 16:08 GMT May 17, 2011
eur/usd

shorterm - It is best to wait for further development ...slightly higher probability on the short side ... but still no confirmation

eu pat 16:03 GMT May 17, 2011
eur/usd
Reply   
does anybody still short?

Lahore FM 15:55 GMT May 17, 2011
" Trade Ideas "

1.4120 sl still safe by 3/10th of a pip and 1.1 pip on two platys.had i been with my earlier broker i would be sitting out already.

Belgrade TD 15:40 GMT May 17, 2011
1h TA trade



Belgrade TD 14:38:46 GMT - 05/17/2011
also Short GBP/JPY at ~132 ... dynamic S/L ... short term & intraday
///
Belgrade TD 14:15:06 GMT - 05/17/2011
another caution Short EUR/JPY at 115.25 ... dynamic S/L ...
///
both closed with ~+50pips ... according to DX$ volume chart we can spike on any directions ... no need for additional risk ... will wait for clear pic ...

singapore td 15:40 GMT May 17, 2011
eurusd

nyc ws, the mood has been set up for the remainder of the week, so i expect that is just a matter of time DYOD of course

nyc ws 15:34 GMT May 17, 2011
eurusd

Question: Is anybody surprised euro is not pushing for 1.40 or is it only a matter of time?

GVI Forex Blog 15:24 GMT May 17, 2011 Reply   
A few months ago I finally got around to reading Bob Prechter's tome titled "The Wave Principle of Human Social Behavior and The New Science of Socionomics." If you are into that kind of thing, as I am, you will find it to be excellent. The payoff sentence I think: "This impulse determines man's social mood and is independent of outside influence." If this is true (the more I watch markets and study this stuff I think it is), it means Ben & Co. are following, not leading this parade ...

If markets follow mood, watch out below!

singapore td 15:18 GMT May 17, 2011
eurusd

i dont see any bullish divergence on 4hr chart, quite contrary it is bearish divergence again looking at the RSI, so expecting lower and lower euro in the coming 24-48 hours
maybe Dil's sub 1.40 will be met first

jkt-aye 15:17 GMT May 17, 2011
eurusd

thanks td....and you too, TD .glgt

Israel Dil 15:11 GMT May 17, 2011
eurusd


sub 1.4 before any spike, if any will happen :-)

singapore td 15:09 GMT May 17, 2011
eurusd

jkt-aye, i think it is less than 30% chance

Kaunas DP 15:08 GMT May 17, 2011
eurusd

Check eur/usd for June 2010 and some ideas might be in place

singapore td 15:07 GMT May 17, 2011
eurusd

agree with your chart belgrade td, 1.38xx zone has so many converging points and levels there, so my best guess is that it is just a matter of time that we will reach it, thus the question of "when" and not "if"

jkt-aye 15:06 GMT May 17, 2011
eurusd

how is the possibility this bear hike toward 1.45 ?

GVI Forex Blog 15:04 GMT May 17, 2011 Reply   
Risk aversion sentiment picked up momentum as the New York session unfolded, benefiting USD and JPY. There were two main factors at work this morning: continued chatter surrounding a potential soft debt restructuring for Greece and the weaker US April housing starts and permit data, which indicated the critical US homebuilding sector is not seeing much improvement almost two years into the economic recovery.

TradeTheNews.com US Market Update

Belgrade TD 15:03 GMT May 17, 2011
eurusd



EUR/USD target zone ... at least my view of future movements

Paris ib 15:01 GMT May 17, 2011
eurusd

make that.... ws

Paris ib 15:00 GMT May 17, 2011
eurusd

ds. Agreed. Taking no longer term view here. Waiting to see how this pans out.

nyc ws 14:53 GMT May 17, 2011
eurusd

You can assume rallies in these markets are bear market rallies until the charts tell you otherwise.

Israel Dil 14:52 GMT May 17, 2011
DSK & trading the markets

IB

The way you replied makes me to wonder, are you a female or a gay?

only female's brain cells deny reality the way you do :-)

Israel Dil 14:47 GMT May 17, 2011
eurusd

IB

longs for hit and run, I cannot see anything else with trading the euro from the long side for now.

Belgrade TD 14:47 GMT May 17, 2011
DSK & trading the markets

agree with Dil ... my view on EUR is only on downside ... but not here on current level ... I have my orders near 1.44 ... and its based on longer term, short term we can go up and/or down

singapore td 14:43 GMT May 17, 2011
eurusd

euro is going to 1.3857 first before all those higher numbers IMHO
nothing on the radar that says euro has finished the downside

Paris ib 14:41 GMT May 17, 2011
eurusd

DP. I think I agree with you. What, I wonder, happens after that though?

Paris ib 14:40 GMT May 17, 2011
DSK & trading the markets

It's not. And in any case this hypothetical case of how things will develop is so 'out there' as to have little if any relevance on what is happening now.

What I want to know is why the U.S. having reached it's debt ceiling is being ignored entirely by the markets?

Kaunas DP 14:39 GMT May 17, 2011
eurusd

shall 1.4050 hold for this week, then 1.45 is on the table... IMHO

Douglas IOM cookie 14:39 GMT May 17, 2011
eurusd

telling the truth maybe and that would be unbelieveable

Belgrade TD 14:38 GMT May 17, 2011
1h TA trade

also Short GBP/JPY at ~132 ... dynamic S/L ... short term & intraday

Israel Dil 14:36 GMT May 17, 2011
DSK & trading the markets


with more serious note, eurozone will not reamin with the same members as currently. looking few months or years further, cannot see profitable reasons for having euros.

North and West European members will demand Greek assets in place of the loans defaulted and the Greek will answer with middle finger. take your take when this going to happen.

Good trades

Paris ib 14:34 GMT May 17, 2011
eurusd

Dil you looking for a break above the figure on this one?

I can't make up my mind if we have seen the bottom in EUR/USD or not.... barring of course any new arrests/downgrades/outrageous statements from Greek politicians/assassinations/natural disasters/new wars and other developments which could influence events.

Sitting here thinking: so what do 'they' try now?

singapore td 14:33 GMT May 17, 2011
short gbpusd

Sell GBPUSD
Entry: 1.6221 Target: 1.6088 Stop: 1.6247

alimin, i think cable can be shorted here 1.6221 with stop above 1.6245, trying my luck here

makassar alimin 14:31 GMT May 17, 2011
short gbpusd

stopped out at 1.6221, sideline for a while, reevaluate later after closing of today

makassar alimin 13:01 GMT May 17, 2011
short gbpusd: Reply
adding short at 1.6203, stop brought to 1.6221

Israel Dil 14:28 GMT May 17, 2011
eurusd


IB

your may have a point there, while waiting for the market to go your way, why don't you enjoy good chocolate ?

GVI Forex Blog 14:26 GMT May 17, 2011 Reply   
May 17 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, May 18:

GVI Forex- Data Outlook for May 18, 2011

HK Kevin 14:25 GMT May 17, 2011
eurusd

HK REVDAX 14:12 GMT, I am currently small long EUR/CHF from 1.2538.
Re EUR, above 1.4320 could test 1.44 very quickly. Not a bad above to sell from 1.4410-30..

GVI Forex john 14:24 GMT May 17, 2011
Market Chatter

CALENDAR
Entry: Target: Stop:



May 17 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, May 18:

  • Far East: No major data.
  • Europe: GB- Employment Data, BOE Minutes.
  • North America: US- Weekly Mortgage Statistics, Weekly Energy Inventories, Fed Minutes. CA- LEI.
Updated: Trading Events Calendar

Paris ib 14:22 GMT May 17, 2011
eurusd

I note the overwhelming EUR/USD bearishness on this forum in spite of data which was Euro positive and USD negative. We may be seeing the end of the world eventually, just not today. In the meantime I wouldn't be surprised to see the EUR/USD test today's highs. Then we re-evaluate.

ldn ct 14:19 GMT May 17, 2011
eurusd

Kevin can you explain the bullish divergence you see.

Some good trade calls here today.

Lahore FM 14:17 GMT May 17, 2011
" Trade Ideas "

Buy EURUSD
Entry: Target: Stop:

Lahore FM 20:33:39 GMT - 05/16/2011
SJH would give it leeway till 1.4170 since it would not spoil the potential bullish picture.let us see about it.

i would enter now and keep sl 1.4120.that's about all i can give to this view for now.
--
twice the low was breached by two pips.sl at 1.4120 safe so far but would need quick move above 1.4180/90 to avoid another attack lower.

Belgrade TD 14:15 GMT May 17, 2011
1h TA trade

another caution Short EUR/JPY at 115.25 ... dynamic S/L ...

kl fs 14:13 GMT May 17, 2011
DSK & trading the markets

Dil, anyone can agree or disagree with any particular trade
whether it is a crowded trade or not remains to be seen but for now I am sticking with the view of stronger usd across the board whether you or someone else like it or not

whatever time frame one is looking at, it is just perfectly fine.
one can use 5 mins chart and if it is working for him, then good for him, if u use weekly chart and it is working great, then it is also fine by me ;)

HK REVDAX 14:12 GMT May 17, 2011
eurusd

HK Kevin//Agreed. Where do you recommend selling?

HK Kevin 14:10 GMT May 17, 2011
eurusd

Bullish divergance in EUR 4-hr chart. Beware not to be the last to sell EUR

tallinn viies 13:57 GMT May 17, 2011
eurusd
Reply   
no help to euro from commodities.
bearish news...
Overall gasoline demand in the U.S. market in 2011 is expected to decline 1.5 percent compared with 2010, the IEA said.

Israel Dil 13:47 GMT May 17, 2011
DSK & trading the markets

fs

to agree with you about anything may mean the start of heavy losses. what about if I told you that weekly chart is the shortest term I follow currently?

Fx Trading Discussion 13:47 GMT May 17, 2011 Reply   

EURUSD Trading Plan

singapore td 13:38 GMT May 17, 2011
DSK & trading the markets

Israel Dil, you just scared the fish away ;)

kl fs 13:34 GMT May 17, 2011
DSK & trading the markets

Dil, you want some?
btw we stick with the view of lower euro for a while, it takes time to materialise but when happens it will be a very quick one, dont you agree?

Israel Dil 13:33 GMT May 17, 2011
DSK & trading the markets


being short and not paying attention to possible spike into 1.44 area is kind of trading blindly. USD will get stronger and metals will get much weaker, but all will happen when the cheerleaders will be busy to care their wounds. kind of market ritual :-)

Gen dk 13:32 GMT May 17, 2011 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Israel Dil 13:28 GMT May 17, 2011
DSK & trading the markets

fs

in earlier times, was your bone business successful?

Fx Trading Discussion 13:28 GMT May 17, 2011 Reply   

EURUSD Trading Plan

GVI Forex Blog 13:24 GMT May 17, 2011 Reply   
Although Dollar-Swiss is continuing to trade higher above 0.8800...

FX Thoughts for the day : 17-May-2011 - 1226 GMT

Southport UK dhm 13:24 GMT May 17, 2011
1h TA trade



well done TD - took bulk of my play off at the channel and MA supports - but will hang on for now with balance and see if it can crash it - will add back positions on a break of channel support GL GT

kl fs 13:23 GMT May 17, 2011
DSK & trading the markets

Dil, at the moment, any short position is good with stop above 1.4190, i liked it when FM mentioned it

kl fs 13:21 GMT May 17, 2011
DSK & trading the markets

LOL Dil, we believe in you ;)
jokes aside, we are at a critical point here, once broken the support for euro will turn into resistance for many weeks to come, i do hope that's the scenario, otherwise another frustration

Belgrade TD 13:17 GMT May 17, 2011
1h TA trade

Belgrade TD 10:58 GMT May 17, 2011
caution Short EUR/JPY at 116,05 ... dynamics S/L ... short term or intraday
///
out at 115 for nice ++

eu pat 12:18 GMT May 17, 2011 / tnx Pat

GVI Forex john 13:16 GMT May 17, 2011
Market Chatter

-- ALERT --
U.S. April Industrial Production (IP)
Capacity Utilization (C/U)
IP: 0.0 % vs. +0.4% exp. vs. +0.7%r prev.
C/U: 76.9 % vs. 77.6% exp. vs. 77.0%r prev.


TTN: Special Offer



Federal Reserve: Industrial Production/Capacity Utilization

Southport UK dhm 13:15 GMT May 17, 2011
euryen
Reply   
Belgrade TD 10:58 GMT May 17, 2011
1h TA trade:
caution Short EUR/JPY at 116,05 ... dynamics S/L ... short term or intraday

Superb call Belgrade TD - similar trade here, just closed 70% at 115.07 - leave the rest on and see if we get a dump day on stocks which would make euryen drop like a stone.

Israel Dil 13:10 GMT May 17, 2011
DSK & trading the markets


I hate crowded boats and especially loaded with cheerleadera. too noisy for quite money. maybe it's trap in the making :-)

Israel Dil 13:07 GMT May 17, 2011
DSK & trading the markets


lucky me KL FS, without you I could not take any profitable trade and especially with silver :-)

kl fs 13:04 GMT May 17, 2011
DSK & trading the markets

told you Dil, we can form a good tag team ;) let's crush them! byebye commods, usd is king for at least two months

makassar alimin 13:01 GMT May 17, 2011
short gbpusd

adding short at 1.6203, stop brought to 1.6221

Israel Dil 12:58 GMT May 17, 2011
DSK & trading the markets


time will show us if the masses lining to buy silver at $32.50 for a bounce are about to melt together with that metal :-)

I see serious volumes looking to enter long silver between $32-$32.50

manila tom 12:57 GMT May 17, 2011
DSK & trading the markets

very good call Dil, you are truly a market gem! euro is sliding fast to day's low

Gen dk 12:54 GMT May 17, 2011 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

makassar alimin 12:48 GMT May 17, 2011
short gbpusd
Reply   
went short gbpusd 1.6221, stop 1.6275, target 1.6143

GVI Forex john 12:45 GMT May 17, 2011
Market Chatter

- Only silver lining in the housing data could be that excess supply is gradually being absorbed.
- Industrial Production up next.

singapore td 12:45 GMT May 17, 2011
DSK & trading the markets

yes Dil, you have been right so far, i think you are right again this time about usd going to test the high today
if the negative data cannot bring usd down, then it is going up!

GVI Forex john 12:40 GMT May 17, 2011
Market Chatter



Housing data dead flat at a very low level.

Israel Dil 12:38 GMT May 17, 2011
DSK & trading the markets

last week's lows/highs will get tested soon in bay case.

USD HIGHS
COOMODITIES LOWS

Israel Dil 12:34 GMT May 17, 2011
DSK & trading the markets


maybe we will face liquidating markets today :-)

singapore td 12:34 GMT May 17, 2011
eurusd

here we go, go usd!

southport uk dhm 12:33 GMT May 17, 2011
eur/usd



I believe this is similar channel posted by Pat

GVI Forex john 12:33 GMT May 17, 2011
Market Chatter

- Housing Starts weaker than expected Permits niot much better.
- Previous data revised higher.
- EURUSD softer. Go figure?

eu pat 12:31 GMT May 17, 2011
eur/usd
Reply   
datas wrong as expectit, going down.../i hope/

GVI Forex john 12:31 GMT May 17, 2011
Market Chatter

-- ALERT --
U.S. April Housing Starts/Permits
Starts: 523K vs. 570K exp. vs. 585Kr prev.
Permits: 551K vs. 588K exp. vs. 574Kr prev.


TTN: Special Offer



eu pat 12:30 GMT May 17, 2011
eur/usd

30 min...but thats only short term trend lines...they can bring a lot of false breaks...important will be datas now an sentiment

ldn ct 12:23 GMT May 17, 2011
eur/usd

pat what time frame chart is that?

GVI Forex john 12:22 GMT May 17, 2011
eurusd

For the record, U.S. housing starts were running at an annual rate of about 2million in 2004 AND 2005. They have been running at about 600K for over two years.

eu pat 12:18 GMT May 17, 2011
eur/usd
Reply   


maybe one more picture witch show my wiew at this intaday level today.i hope that your diskussion will help me to make good decisions....TD, excellent timing of your call

singapore td 12:17 GMT May 17, 2011
eurusd

yes john, that's just what we need to bring this euro beast down, certainly looking that way...maybe data is leaked out early

manila tom 12:14 GMT May 17, 2011
Forex Trading Plan

followed you kb, short euro 1.4173, looking for low 1.4 today, stop 60 above

GVI Forex john 12:12 GMT May 17, 2011
eurusd

Super good U.S. housing data would be a big surprise.

JERUSALEM KB 12:10 GMT May 17, 2011
Forex Trading Plan

Sell EURUSD
Entry: 1.4175 Target: 1.4009-1.3880 Stop: 1.4250

sold

singapore td 11:57 GMT May 17, 2011
eurusd

kl fs, the US housing data better be super good to bring euro quickly down to 1.38 today

GVI Forex Jay 11:52 GMT May 17, 2011
Market Chatter

EUR/USD dipped on this:

Tuesday, May 17, 2011 7:48:27 AM
(GR) Greece willing to discuss 'soft' debt restructuring if needed - financial press citing Greek Vice Minister
- No discussions are currently underway

TradeTheNews.com

Gen dk 11:50 GMT May 17, 2011 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

kl fs 11:34 GMT May 17, 2011
eurusd

agree viies, that seems to be the pattern lately
expecting usd to power up soon after this consolidation
would like to see euro under 1.40 soon

GVI Forex Blog 11:23 GMT May 17, 2011 Reply   
The euro pulled away from a seven-week low against the U.S. dollar on Tuesday, but remained vulnerable on the downside as investors look at opportunities to cut bullish bets on every bounce.

REFILE-FOREX-Euro off 7-week lows, talk of M&A flows hurts yen

tallinn viies 11:09 GMT May 17, 2011
eurusd
Reply   
during last week euro has shown unability to stay at same level or move higher after London close.
NYC have been sellers

Seems today is not different.
stocks and crude under huge pressure.

Belgrade TD 10:58 GMT May 17, 2011
1h TA trade

caution Short EUR/JPY at 116,05 ... dynamics S/L ... short term or intraday

HK [email protected] 10:56 GMT May 17, 2011
At least the Euro zone tries doing something.

Israel Dil 10:10 GMT May 17, 2011

The only fear the US can cause to foreign politicians and diplomats, is that they will not accept any more censored in the USA.
This is a serious loss of revenue to the hotel maids(gays) who involve in giving that kind of service service.

Hong Kong Qindex 10:40 GMT May 17, 2011
EUR/USD : Critical Point 1.3866

EURNZD
Entry: Target: Stop:

EUR/USD : The bias is still on the downside when the market is below the daily cycle barrier at 1.4253 // 1.4293. A supporting barrier is expected at 1.4046 // 1.4061.


Qindex.com


===========================================

Hong Kong Qindex 03:55 GMT May 14, 2011
EUR/USD : Critical Point 1.3866: Reply
EUR/USD (1.4106) : Weekly Cycle Analysis


Pivot Centers : 1.3948 - 1.3970 - 1.3981


Neutral Range : 1.3866 - 1.4140


Critical Points : 1.3548 & 1.3866


Remarks : The bias is on the downside when the market is below 1.4000 mark. Speculative selling pressure will increase when the market is trading below the weekly cycle pivot centers at 1.3948 - 1.3970 - 1.3981.


Qindex.com

EUR/USD : Monthly Cycle Charts

EUR/USD : Monthly Cycle Charts

GVI Forex Jay 10:36 GMT May 17, 2011
Tech Talk - EURUSD
Reply   
10:30 GMT (Global-View.com) May 17 - EUR/USD 1.42 remains the focus as the current pattern trading around this level has been extended to 5 days in a row. By itself, all this means is consolidation although better "risk on" crosses (e.g. eur/jpy, eur/chf) are providing some support. The longer this pattern goes on, the greater the risk of a directional move once it ends.

In any case, this is a change from last week when failed retracements were followed by new lows. In any case, the onus is on the bull side to build traction to the upside as only a firm 1.42+ and then a move above 1.4250 would suggest more legs to the retracement.

As Al pointed out over the w/e, a close above the 50 day mva (1.4317) would change the picture.

Jay mMisler, co-founder, Global-View.com

Home of the Forex Forum

GVI Forex john 10:29 GMT May 17, 2011
Global-View D.O.G. Iindex
Reply   
The Global View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is closing in the U.S. at .5147, +0.01% from its Friday close (-4.33% y/y).

As for its key subcomponents, the USD forex purchasing power index is .7486, +0.17% (-3.80% y/y). The forex index is value is calculated against the top six trading currencies.

Against gold, the USD purchasing power is currently worth .1926, -0.25% (-5.07% y/y).

Against crude, it is at 0.4572, -0.51% (-6.26% y/y). The D.O.G. Index base is 1.00. It is set against levels from the start of 1999.

D.O.G. Homepage

eu pat 10:28 GMT May 17, 2011
yes, but USA weaker datas later on could start risk sentiment...

GVI Forex Blog 10:18 GMT May 17, 2011 Reply   
Risk appetite improved ahead of the European morning but dealers were initially taking note of some potential 'canaries' in the mine shaft. Key emerging markets (like Brazil Bovespa) tested its 2011 lows, Key psychological levels in oil and copper of $100 and $4.00 remained vulnerable with lacking momentum on the upside. The banking sector appeared vulnerable. However a strong Spanish auction results helped to temper any risk aversions sentiment for now

TradeTheNews.com European Market Update: UK CPI comes in above expectations; European periphery Bill auctions go off without any hitches

Israel Dil 10:10 GMT May 17, 2011
At least the Euro zone tries doing something.


in USA the few things you cannot buy with money are for sale for much more money. You see the big picture right but USA may use the current case to bring the ultimate fear into each politician in this world to deal with them in the future.

Syd 10:05 GMT May 17, 2011
Spanish Local Authority Debt Is Concern -BNPP
Reply   
A BNP Paribas note highlights research suggesting the debt of Spanish local authorities is being underestimated due to arrears and unreported debt of public companies. Says the risk, following May 22 local elections, will be that the authorities reveal that "indebtedness of local authorities is higher than previously thought." BNPP points out this happened in Catalonia after elections last November. 10-year Spain/Bund spread steady at 213bps, after the recent successful 12- and 18-month T-bill auctions, but still near their recent widest levels

Juncker: Greek Crisis Much More Difficult To Solve Than Ireland

CHARTING EUROPE: US Signals Potential For Higher Rates
LONDON (Dow Jones)--U.S. two-year interest rates could be about to turn higher, potentially offering correlated support for the dollar. There are differing views between banks just how important this correlation actually is, but if the FOMC embarks on a rising interest rate cycle, then the U.S. dollar is clearly expected to benefit. Looking at the U.S two-year swap rate, the March reaction low at 0.686% has already been tested and pierced earlier during Tuesday's current session. This support has not cracked under the pressure though,there is a case for a pending base as momentum indicators shows significant signs of divergence. When the downtrend in yield slowed down from mid-April, the slow stochastic indicator started to bump along the bottom in oversold territory, and has now emerged above the oversold line. This divergence doesn't mean the downtrend is over, but is shows that the bear wave below the April 26 low at 0.771% has not occurred on sustainable weakness, and a short-term base is close. And the rising daily Moving Average Convergence/Divergence indicator backs up this point. Of course, a push above the May 11 high at 0.781% is required to label Tuesday's current session low of 0.685% as a bear trap, and enhance thoughts of a more meaningful recovery towards 0.800% and 0.867%. The 0.700% area represents a 61.8% Fibonacci retracement of the 0.450%/1.089% rally that occurred between November 2010 and February 2011. There is downside risk towards the 0.658% area, which would fall within the parameters of a bull flag. But there doesn't appear to be much room to manoeuvre to the downside for U.S. interest rates. At 0920 GMT, the U.S. two-year swap rate stood at 0.718%.
Dow Jones's chief technical analyst for Europe

HK [email protected] 10:04 GMT May 17, 2011
At least the Euro zone tries doing something.
Reply   
So common sense says to keep long Euro in expectations of some deals to resolve the Greek crisis.

DSK? That guy has money, and if he sees the rope get too tight on his neck, this case may resolved by a Michel Jackson type of "out of court settlement" APOLOGY+MONEY....

That lady is bound to become an instant millionaire.

GVI Forex Jay 10:02 GMT May 17, 2011
Market Chatter

Tuesday, May 17, 2011 5:55:30 AM
(GR) EU's Juncker: Have to get a soft restructuring of Greek debt
- Greece's debt level is unsustainable at current levels
- Greece will have to implement huge reforms to improve its growth potential and rapidly privatize many public entities

**Note: An earlier article in the US financial press noted that Juncker opened the door to a "reprofiling" of Greece debt

TradeTheNews.com

Syd 09:58 GMT May 17, 2011
Juncker: Will Require Greece To Adopt Further Measures
Reply   
Juncker: Greek Crisis Much More Difficult To Solve Than Ireland
Juncker:Euro-Zone Must Avoid Policy Divergence Among Members
EU Juncker: EU Bank Oversight Too National, Instead Of Centralized
EU Juncker: Banking Products Should Be Better Monitored
Juncker: Markets Punish EU More Than US Because No Collective Govt
EU Juncker: Financial Crisis Would Have Led To Chaos Without Euro Union

GVI Forex Blog 09:52 GMT May 17, 2011 Reply   
Now that USD short-covering has pretty much run its course, markets are waiting to see what happens next. It appears also that the initial rush of central bank demand for EUR for the purpose of diversification might have run its course. ECOFIN and IMF bailout talk meetings underway in Brussels appear to be making progress.

Daily Forex View- 10:00 GMT- 16 May 11 North America-Europe

eu pat 09:42 GMT May 17, 2011
eur/usd
Reply   


another short term line witch is for this time holding...

User 09:38 GMT May 17, 2011 Reply   

FOREXNESS.COM - Free Forex Signals

GVI Forex 09:32 GMT May 17, 2011
Market Chatter

Greek auction results:

Tuesday, May 17, 2011 5:15:43 AM
*(GR) GREECE DEBT AGENCY (PDMA) SELLS €1.625B VS. €1.25B INDICATED IN 13-WEEK BILLS; AVG YIELD 4.06% V 4.10% PRIOR; BID-TO-COVER: 3.3X V 3.45X PRIOR
- Foreign take up 31% v 36% prior

TradeTheNews.com

eu pat 09:24 GMT May 17, 2011
eur/usd

Thanks ct...its was only about play...in the morning eur/gbp down due expectin strong uk cpi...after reached support ,euro on eur/usd and another crosses up before expedting good spanish auction...then expected mixed zew...now is in play greece auction/ i feel worse/ and trend is down....but of course nothing is clear in this market...

Israel Dil 09:23 GMT May 17, 2011
DSK & trading the markets
Reply   

something pathological with DSK went to the extreme and here he is accused being sex attacker. it's very good signal to the world to realize what type of people are to decide the financial futures of billions of people. if guilty, DSK must get the full punishment, 25 years in jail.

trading the markets may get more volatile but bias and direction remains the same, buy USD on intraday dips and sell all commodities on intraday spikes.

Good trades to all and use patience :-)

Gen dk 09:14 GMT May 17, 2011 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

ldn ct 09:11 GMT May 17, 2011
eur/usd

eu pat. Good alert on eurusd

eu pat 09:09 GMT May 17, 2011
eur/usd
Reply   
maybe time to close long and going short for rest of the day...any opinion

GVI Forex john 09:07 GMT May 17, 2011
Market Chatter

- Mixed ZEW data; expectations weaker than expected, but current conditions better than seen.
- Expectations in Germany recently have been consistently weaker than current conditions.
- ZEW is an investors survey.
- EURUSD dips then recovers.

Belgrade TD 09:05 GMT May 17, 2011
1h TA trade

Belgrade TD 03:00 GMT May 3, 2011
Long USD/JPY at 81,07
///
Belgrade TD 20:05 GMT May 5, 2011
add another Long at 80,15 ... avg ~80,6
///
81,07 Long closed at 81,7 (+63) ... still holding 80,15 Long

GVI Forex john 09:00 GMT May 17, 2011
Market Chatter

-- ALERT --
German May ZEW Survey
Sentiment: 3.1 vs. 5.0 exp. vs. 7.6 prev.
Conditions: 91.5 vs. 87.5 exp. vs. 87.1 prev.


TTN: Special Offer: Get data immediately.

GVI Forex john 08:47 GMT May 17, 2011
Market Chatter



Headline CPI (red bar)hotter than expected...

Fx Trading Discussion 08:37 GMT May 17, 2011 Reply   

EURUSD Trading Plan

GVI Forex john 08:36 GMT May 17, 2011
Market Chatter

- UK CPI considerably higher than expected.
- Increases pressure on BOE to tighten.
- GBPUSD up sharply.


- German ZEW data up next.

tallinn viies 08:32 GMT May 17, 2011
EURUSD
Reply   
* Soros nearly wiped out stake in SPDR Gold Trust in Q1
* John Paulson holds on to 31.5 mln stake in gold ETF
* Eton Park halves stake in SPDR Gold Trust
* Touradji sells gold stake, Astenbeck buys gold ETF

By Frank Tang and Aaron Pressman
NEW YORK/BOSTON, May 16 (Reuters) - Billionaire financier
George Soros, who called gold "the ultimate bubble," dumped
almost his entire $800 million stake in bullion in the first
quarter, well before a commodities slump blamed partly on
reports he was liquidating his holdings.
Famed gold bull John Paulson held his ground, but Soros was
joined in the retreat by several other big names, including
Eric Mindich and Paul Touradji, according to 13-F filings with
the U.S. Securities and Exchange Commission that provide the
best insight into where hedge funds are placing their bets.
Gold prices barely reacted to the news, with spot gold
up 0.3 percent at $1,494.29 an ounce by 0327 GMT. Rising
inflation worries and a debt crisis in the euro zone should help
prevent any sell-off in the precious metal, analysts said.
Soros, who has been bullish on gold in the past several
years, cut his holdings in the SPDR Gold Trust to just
$6.9 million by the end of first quarter, compared with $655
million in December, becoming the most high-profile investors to
turn his back on one of the market's best-performing assets.
He also liquidated a 5 million share stake in the iShares
Gold Trust , the filings showed. His total holdings in
gold-backed ETFs was $774 million as of December.

Gold rose for a tenth consecutive quarter in the three
months to March, hitting record highs above $1,400 an ounce,
buoyed by political turmoil in the Middle East and North Africa
and lingering worries about indebted European countries.
The gains accelerated in April, but peaked at the start of
this month, reaching a record $1,575 an ounce on May 2.
Prices have since fallen more than 5 percent amid the
biggest commodities slump since late 2008, a move partly
triggered by a Wall Street Journal report that Soros' $28
billion fund was selling precious metals -- and fuelling fears
other big funds were also seeing a peak.
Eric Mindich, who runs Eton Park Capital Management, nearly
halved his stake in the SPDR gold trust to $326 million for the
first quarter, a filing showed on Monday.
Mindich's fund also owned $839 million worth of call options
by the end of the first quarter, compared with $1.1 billion
worth of put options at the end of the fourth quarter.
Touradji Capital Management, one of the world's largest
commodities-oriented hedge funds run by Paul Touradji, sold
173,000 shares in the SPDR Gold Trust during the quarter. Those
shares would be worth about $25 million at current prices.
But John Paulson, who notched up the industry's biggest ever
payout last year, kept his 31.5 million shares, or $4.4 billion
stake, in the SPDR fund, remaining the biggest shareholder of
the world's largest gold-backed exchange traded fund for the
quarter, according to regulatory filings.

DEFLATION THREAT RECEDES
The sales make sense given that Soros said he had bought
gold because he was worried about deflation, said Mark Luschini,
chief investment strategist at Janney Montgomery Scott in
Pittsburgh.
"It's pretty hard to make the case for deflation right now
so if that was a reason you were buying gold, you should take
this signal from Soros," he said.
Inflation is now the greater concern, Luschini said. So most
investors should still keep about 3 percent to 5 percent of
their assets in gold to protect against inflation and possible
further problems in the world financial system.
"It's not the most bullish news I've ever heard in
gold, but it's not the end of the world either," said Citigroup
analyst David Thurtell.
"With the euro zone sovereign debt problems still going on,
inflation worries and the dollar weakness, gold's got good
underpinnings at the moment. I think it will be well supported
in the $1,450-$1,475 range. I don't see a widespread sell-off."
Still, many investors are likely to follow Soros' lead.
"Obviously hedge funds and speculators have scaled back
their long positions. But they are still holding massive
positions in metals, so I won't be surprised to see continuous
liquidation in all commodities," said a Hong Kong-based trader.
Soros also slashed stakes in gold and silver mining
companies during the first quarter. The firm owned 1.4 million
shares of Kinross Gold at the end of the quarter, down
from 4 million shares three months earlier. Holdings in Novagold
Resources dropped to 3.5 million shares from 12.9
million.
Gold ended the first quarter little changed, as the spot
gold prices were only $10 higher to end at $1,430 an
ounce on March 31, and the SPDR Gold Trust was up 1.3
percent.
In the second quarter, gold hit a record high $1,575.79 an
ounce on May 2 fueled by the outlook of low U.S. interest rates.
So far in the second quarter, SPDR Gold Trust's bullion
holdings gained only about 1 percent to 1,229 tonnes by Friday,
well below its record high of 1,320.436 tonnes set on June 29
last year.
Institutional investment managers are required to file form
13-F with the SEC within 45 days after the end of each quarter.

GVI Forex john 08:31 GMT May 17, 2011
Market Chatter

-- ALERT --
UK April CPI:
mm: +1.0% vs. +0.7% exp. vs. 0.3%
yy: +4.5% vs. +4.2% exp. vs. +4.0%
UK RPIX:
yy: +5.2% vs. +5.2% exp. vs. +5.4%


TTN: Special Offer

eu pat 08:07 GMT May 17, 2011
eur/usd
Reply   
is anybody thinking long at this level for a couple of hours?

Syd 07:03 GMT May 17, 2011
Austrian Finance Minister: Greece must do “homework” to stay in euro zone
Reply   
Austrian Finance Minister: Greece must do “homework” to stay in euro zone

Syd 06:48 GMT May 17, 2011
Austria Fin Min: Greece Must Do Homework To Maintain Stable Euro-zone
Reply   
Greece must deliver on its reform promises in order to keep its place in a "stable euro zone," Austrian Finance Minister Maria Fekter said Tuesday.

"Greece must do its homework in order to stay in a stable euro zone," she said at the start of the second day of meetings of European Union finance ministers.
Spain Fin Min: Feeling That Greece May Need To Take Extra Measures

Vancouver T 06:35 GMT May 17, 2011
pending order

MARKET CHATTER
Entry: Target: Stop:

Get 50 early bird draw gbp-usd eur-usd 1.4128-1.4193

Syd 06:33 GMT May 17, 2011
Bomb Defused In Dublin Ahead Of Queen's Visit - Police
Reply   
Irish authorities reported to have defused bomb in Dulin ahead of Queen Elizabeth's visit

Syd 05:51 GMT May 17, 2011
Mr Brown said the "resolve" to act seen immediately after the crisis has been replaced by indecision
Reply   
Mr Brown said the "resolve" to act seen immediately after the crisis has been replaced by indecision and vested interest

wht a happy soul link

Syd 05:49 GMT May 17, 2011
World on course for next crisis, warns Gordon Brown
Reply   
The global economy is heading towards another meltdown despite the lessons of the last financial crisis, Gordon Brown has warned.

Syd 05:47 GMT May 17, 2011
The US government will soon hit the $14.3 trillion (£8.8 trillion) legal limit on its debt, accordi
Reply   
The department has already begun to take measures to stave off a default on US debt or other obligations and it plans to start dipping into federal pension funds.

How the US can avoid defaulting on its debt

GVI Forex Blog 05:45 GMT May 17, 2011 Reply   
***Economic Data*** - (CH) CHINA APR ACTUAL FOREIGN DIRECT INVESTMENT (FDI) Y/Y: 15.2% V 36.1%E - (AU) AUSTRALIA RESERVE BANK (RBA) MAY 3RD MEETING MINUTES: HIGHER RATES LIKELY AT SOME POINT TO

TradeTheNews.com Asian Market Update: RBA meeting minutes less hawkish than originally thought; China FDI rising y/y but at a much slower rate than expected

User 04:16 GMT May 17, 2011 Reply   

FOREXNESS.COM - Free Forex Signals

GVI Forex Blog 03:54 GMT May 17, 2011 Reply   
The US markets fell further yesterday. The Dow (12548.37) was down 0.38% and the Nasdaq (2782.31) was down 1.63%

Morning Briefing : 17-May-2011 -0351 GMT

Hong Kong Qindex 03:45 GMT May 17, 2011
USD/CHF : Critical Point 0.8961

USDCHF
Entry: Target: Stop:

USD/CHF : The market is under pressure when it is below the weekly cycle pivot center at 0.8930. Speculative selling pressure will increase when the market is able to trade below the daily cycle barrier at 0.8729 // 0.8733.


=============================================

Hong Kong Qindex 03:03 GMT May 14, 2011
USD/CHF : Critical Point 0.8961: Reply
USD/CHF (0.8924) : Weekly Cycle Analysis


Pivot Centers : 0.8930 - 0.8947 - 0.9051


Neutral Range : 0.8770 - 0.8969


Critical Points : 0.8621 & 0.8961


Remarks : The bias is on the upside when the market is above 0.8888. Speculative buying interest will increase when the market momentum is strong enough to trade above 0.8969. The market is stable when it is able to consolidate within the weekly cycle pivot centers at 0.8930 - 0.8947 - 0.9051.


Qindex.com

USD/CHF : Monthly Cycle Charts

Syd 03:24 GMT May 17, 2011
Australia Treasury Secretary: China Growth Interruptions Can't Be Ruled Out
Reply   
Australia Treasury Secretary: Overseas Banking Sector Contagion Still A Risk
Australia Treasury Secretary: Patchy Growth Across Economy
Australia Treasury Secretary: Higher AUD Cuts Into Corporate Tax Take
Australia Treasury Secretary: China Policy Fans Global Inflation Pressures

That is why each of the chief executives from the big four issued warnings to the Reserve in the past fortnight about further official interest rate increases.
Already, there has been a noticeable trend towards delinquencies on home loans. Not surprisingly, these appear to be concentrated among first home buyers who were lured into the property market during the worst of the financial crisis by a federal government cash grant and reduced stamp duties, all at a time when interest rates were at record lows.
With the rapid escalation in rates since then, many of those virgin home owners now are feeling the pain. There are indications the banks have tightened lending criteria, demanding more comfort when it comes to the ratio of equity to the value of the loan, which will serve only to further take heat out of the property market
With the rapid escalation in rates since then, many of those virgin home owners now are feeling the pain. There are indications the banks have tightened lending criteria, demanding more comfort when it comes to the ratio of equity to the value of the loan, which will serve only to further take heat out of the property market

Banks feel the pain of real estate slump too

Syd 02:48 GMT May 17, 2011
Mortgage insurers a greater threat to banks: Fitch
Reply   
New information showing that mortgage insurers, which secure loans for banks and other lenders, do not always pay out the full amount when a loan falls over has forced ratings agency Fitch to move 54 tranches of residential mortgage backed securities (RMBS) from ratings watch "stable" to "negative". Mortgage backed securities are home loans which are bundled together and sold to institutions to raise money.



Cash-strapped borrowers and tight-fisted mortgage insurers are a greater threat to Australian banks than previously thought, says a major ratings agency.LINK

Syd 02:07 GMT May 17, 2011
The Greens say the carbon tax will need to be far above $40 a tonne, while the Government says it wi
Reply   
THE Greens have called for a carbon price in excess of $40 a tonne, placing them in direct conflict with Labor as the government tries to clinch a deal in the $20-$30 range

LINK

Syd 01:54 GMT May 17, 2011
Home loan approvals lowest in decade
Reply   
FRESH cracks have appeared in the fragile property market with new figures revealing new home-loan approvals plunged to a 10-year low in March.

The shock decline - the lowest result since February 2001--- LINK

USA ZEUS 01:20 GMT May 17, 2011
EUR/USD

USA ZEUS 15:09:28 GMT - 05/16/2011
Anyone think EUR/USD is a sell @ 1.4242 for a quick swing scalp?
_______________________________________________________

Anyone think its a good idea to cover some shorts for about + 100 pips?

SF WM 00:49 GMT May 17, 2011
eurusd
Reply   
Sell EURUSD
Entry: 1.4185-1.4210 Target: 1.4050 Stop: 1.4215-25 (depending on entry level)

Following Max

Mtl JP 00:43 GMT May 17, 2011
Gold Faces Bearish Trend Change As QE2 Expiry Looms Ahead

Syd 00:09 - if the dollar will rally it will be time time buy more Gold.

Bernanke is not leaving and 0 and Geithner both think more debt is a sign of continued faith in ... whatever they both think...

Basically more inflation = Gold will end up protecting one's welath.

 




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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
Wed 29 May 2019
A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
A 12:30 US- Weekly Jobless
Fri 31 Mar 2019
AA 10:00 EZ- Flash HICP
A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan


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