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Forex Forum Archive for 05/18/2011

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


GVI Forex chris 23:58 GMT May 18, 2011
Market Chatter

- Japan GDP lower than expected

- enters recession

GVI Forex chris 23:51 GMT May 18, 2011
Market Chatter


-- ALERT --
Japan 1Q11 GDP
qq: -0.9 % vs. -0.5% exp. vs. -0.3%
qq per annum: -3.7 % vs. -2.0% exp. vs. -1.3%


TTN: Live News Special Offer


Belgrade TD 23:40 GMT May 18, 2011
Daily TA trade

Belgrade TD 06:44 GMT May 18, 2011
Buy AUDJPY
Entry: 86.25 Target: ~ Stop: ~
///
1/5 out at ~97 (~+70) ... reduce some risk ...

HK [email protected] 23:30 GMT May 18, 2011
How about selling US,Japanese and German Gov. bonds owned by Australian banks?(repatriation)
Reply   
That is one way to improve liquidity.
Bad news for Aus. banks not necessary bad news for the Aus$.

Syd 23:30 GMT May 18, 2011
Hedge Funds May Sell Australian Banks-Broker
Reply   
Moody's decision to downgrade the big 4 Australian Banks--flagged in February--on Wednesday is significant and may well trigger global hedge fund shorting of the big 4 banks, says Southern Cross Equities director Charlie Aitken. "My gut feel is the stock the hedge funds will target from the short side is Westpac (WBC.AU), with the highest percentage of domestic earnings and the highest exposure to East Coast Australian property, SMEs and households," Aitken says. "The global hedge funds correctly have the view the east coast Australian economy is wobbly and they are looking for big liquid industrial ways of getting short leverage." Aitken also cautions that banks will be vulnerable as they go ex-dividend because it's clear the economy is slowing sharply.

HK [email protected] 23:13 GMT May 18, 2011
How about interbank rates rise?
Reply   
After downgrading several Australian banks, is it not expected that the first to rise are the interbank interest rates(less trust!)?

It means, it will all be passed to the customers sooner or later.
Unless the RBA will provide a cheaper liquidity to control the rates.
Banks can't collect properly previous given loans , money becomes scarce(people have no money to pay, banks turning slowly illiquid).
Any idea how can that affect the AUD?

GVI Forex Jay 22:39 GMT May 18, 2011
gbpusd



GBP/USD is in a (steep) down channel and needs to stay above the 100 day mva (green line) on a closing basis to hold off a further test of the downside. The Wed low was 1.6105 but closed above the 100 day mva (1.6134). Charts show a risk for 1.6090 and 1.5934 so the 100 day mva is important.

Note GBP/USD selling came out of a sharp rise in EUR/GBP (some other GBP crosses as well) so you need to keep an eye on that cross if you are looking for a catch-up on the upside.

GVI Forex john 22:36 GMT May 18, 2011
Market Chatter

  • The USD extended its soft tone from late Tuesday into Wednesday activity. Traders acting cautiously. No follow-through on Tues weakness.

  • Discussions about the Greek sovereign debt situation continue. The odds for some sort of solution high. Failure in the interest of no one.

  • FOMC meeting minutes a yawner. Most covered in Bernanke press conf. 

  • U.K. April employment data weaker than expected. Latest BOE repo rate vote was 6-3-0 (unch-rate hike-cut). Same as previous tally. 

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

  • We are always looking for signs of central bank demand for EUR for the purpose of reserve diversification

  • Active forex trading calendar session in store for Thursday.

Syd 22:28 GMT May 18, 2011
aud
Reply   
'Vicious' day of reckoning looms for Aussie dollar
"We believe the valuation of the Australian dollar is extreme and any move to a risk-off scenario could see a vicious unwind in the (currency)," the bank said in a note to clients.
LINK

ECONOMISTS fear a June interest rate increase could push households "over the edge" amid signs the Federal Budget's spending cuts knocked another hole in consumer confidence
The stark warning came as ratings agency Moody's downgraded the credit-worthiness of Australia's big four banks, sparking concerns that higher borrowing costs would force them to lift interest rates outside the Reserve Bank's official cycle.

LINK

Chicago DV 22:21 GMT May 18, 2011
gbpusd
Reply   
Gbpusd heading for 1.62?

GVI Forex john 22:17 GMT May 18, 2011
Facebook Page

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GVI Forex john 22:15 GMT May 18, 2011
Facebook Page

We are launching a Facebook page and would appreciate if you are a member if you would "Like" our page.

Many thanks...John


Syd 22:10 GMT May 18, 2011
Rate rise to hurt like censored, says BoQ boss
Reply   
Monday's Australian Agenda event, hosted by The Australian and UBS, that the nation was in the middle of a deep retail downturn.
"We are now looking offshore and not investing in Australia, and that's not good for the country."



"There's no stimulation and not a lot of confidence in the government," he said. "That's why people are not spending. LINK

Syd 21:50 GMT May 18, 2011
Merkel Blasts Greece over Retirement Age, Vacation
Reply   
German Chancellor Angela Merkel on Tuesday evening blasted Greece and demanded that Athens raise the retirement age and reduce vacation days. Germany will help, she said, but only if indebted countries help themselves.

Finnish PM: Greek reprofiling won’t solve anything

LINK

Syd 21:30 GMT May 18, 2011
'Soft Debt Restructuring Cannot Solve Greece's Problems'
Reply   
An Athens clothing store announces it is going out of business. Debt restructuring for Greece is looking increasingly likely. Euro-zone finance ministers broke a longstanding taboo on Tuesday when they admitted that Greece might need to restructure its debt. German commentators agree that a "soft" restructuring would be a step in the right direction, but that it would not be enough to resolve the crisis.

Its either being pushed or jump !!

LINK

GVI Forex Jay 21:23 GMT May 18, 2011
Special Offer
Reply   
If you are a US resident, please contact me. We have a special offer for you. Send me an EMAIL

Porto Cubriclas 21:14 GMT May 18, 2011
Football Euro League
Reply   
Congratulations F.C.Porto! Champion!

Fx Trading Discussion 21:00 GMT May 18, 2011 Reply   

EURUSD Trading Plan

GVI Forex john 20:55 GMT May 18, 2011
Market Chatter

Pivots	EURUSD	USDJPY	USDCHF	GBPUSD	USDCAD	AUDUSD
Res 3	1.4376	82.80	0.8916	1.6450	0.9806	1.0765
Res 2	1.4332	82.27	0.8882	1.6369	0.9783	1.0715
Res 1	1.4282	81.96	0.8848	1.6265	0.9746	1.0666

Pivot	1.4238	81.43	0.8814	1.6184	0.9723	1.0616

Sup 1	1.4188	81.12	0.8780	1.6080	0.9686	1.0567
Sup 2	1.4144	80.59	0.8746	1.5999	0.9663	1.0517
Sup 3	1.4094	80.28	0.8712	1.5895	0.9626	1.0468

GVI Forex Blog 20:39 GMT May 18, 2011 Reply   
The euro fell against the dollar on Wednesday as minutes from last month's U.S. central bank meeting raised expectations that inflation could spur an interest rate hike sooner than expected.

FOREX NEWS - Euro lower vs dollar; Fed's rate path mulled

GVI Forex john 20:38 GMT May 18, 2011
Market Chatter

5/18/11	20:00 GMT					
Latest	EURUSD	USDJPY	USDCHF	GBPUSD	USDCAD	AUDUSD
Last	1.4233	81.65	0.8814	1.6160	0.9710	1.0617
High	1.4287	81.74	0.8848	1.6289	0.9759	1.0665
Low	1.4193	80.90	0.8780	1.6104	0.9699	1.0566
Change	0.0006	0.29	0.0010	-0.0088	-0.0017	0.0000

MVA	EURUSD	USDJPY	USDCHF	GBPUSD	USDCAD	AUDUSD
5 day	1.4198	81.08	0.8843	1.6216	0.9698	1.0613
10 day	1.4281	80.82	0.8808	1.6294	0.9664	1.0664
20 day	1.4502	81.13	0.8767	1.6428	0.9593	1.0746
50 day	1.4324	81.98	0.8970	1.6290	0.9657	1.0469
100 day	1.3942	82.24	0.9230	1.6134	0.9770	1.0256
200 day	1.3651	82.80	0.9562	1.5926	0.9998	0.9944

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

GVI Forex john 20:38 GMT May 18, 2011
Market Chatter
Reply   
Market Chatter for May 19, 2011

GVI Forex Blog 20:36 GMT May 18, 2011 Reply   
AUD/USD and NZD/USD outlook next 24 hours: AUD continues to bounded above by the multi-week neckline which today is at 1.0680, while major support is at 1.0500. There are expectation surveys today for Australian inflation and unemployment. A NZD break above 0.7910 today would suggest the early May correction has ended. There is major event risk over the next few days from today's Budget (should be a positive) and potential ratings agency behaviour regarding the sovereign as well as NZ banks

Forex - Morning Report (Westpac)

GVI Forex john 20:18 GMT May 18, 2011
Global-View D.O.G. Iindex
Reply   
20:00 GMT (Global-view.com) May 18- The Global View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is closing in the U.S. at .5127, -0.42% from its Tuesday close (-4.70% y/y).

As for its key subcomponents, the USD forex purchasing power index is .7478, +0.10% (-3.91% y/y). The forex index is value is calculated against the top six trading currencies.

Against gold, the USD purchasing power is currently worth .1928, -0.75% (-4.99% y/y).

Against crude, it is at 0.4474, -2.66% (-8.27% y/y). 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 john 19:55 GMT May 18, 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.

Cambridge Joe 19:50 GMT May 18, 2011
Elusivity: I'd never heard of the word before, so I looked it up and found a piece I which think might shed some light on it's context and usage. Enjoy ! ;-))

THE ELUSIVITY OF NATURE AND THE MIND-MATTER PROBLEM

Brian D. Josephson
Cavendish Laboratory, Madingley Road, Cambridge CB3 0HE, England.


(Published in `The Relationship Between Mind and Matter', ed. B. Rubik.
(c) the Center for Frontier Sciences at Temple University).

ABSTRACT

This paper examines the processes involved in attempting to capture the
subtlest aspects of nature by the scientific method and argues on this basis
that nature is fundamentally elusive and may resist grasping by the methods
of science. If we wish to come to terms with this resistance, then a shift
in the direction of taking direct experience into account may be necessary
for science's future complete development.
---------------------------------------

What is matter and what is mind? Ren'e Descartes regarded these entities
as being of totally different orders and completely separate from each
other, although nowadays the conventional view is to consider mind function
as reducible to the behaviour of matter. In this paper I want to propose a
new theme in the mind-matter problem, with an approach that considers what I
shall call the elusivity or elusive quality of nature. The fundamental idea
is that nature at large is less amenable to being pinned down to a precise
description than the successes of science to date may seem to imply,
particularly if we consider science as applying to some `objective reality'
that is independent of the scientist. Some phenomena are more elusive to
the methods of ordinary science than others, as will be explained in terms
of a series of examples in what follows. Mind may be especially elusive and
it will be suggested in the course of this paper that as far as the
phenomena of mind go, there is no good reason to suppose that a proper
description in terms of the usual methods of science can be obtained at all.

Paris ib 19:46 GMT May 18, 2011
Which doomsday scenario?
Reply   
Hey I close up, go out and come back and find that the S&P and the EUR/USD have decoupled: the S&P is up and the EUR/USD is down. Fed all dovish (big surprise) and market set up for that... so the EUR/USD gets sold. Still within the range though, which is now 1,4220 - 1,4280 IMVHO. Still looking for maybe a couple of more days upside in the S&P before taking another look at this thing. The market is lost and looking for direction here. And only doomsday scenarios seems to fit the bill: either the Euro breaks up and ceases to exist or the U.S. goes bankrupt, or a happy combination of the two. Which doomsday scenario do you favour? In a way it's hillarious.

GVI Forex Blog 19:33 GMT May 18, 2011 Reply   
eynesian economics are known for encouraging government and public sector involvement to help smooth out rough patches in the business cycle. In the wake of the 2008 financial crisis, central bankers and global policy-makers adopted a Keynesian tilt in their responses. As demand dried up and deleveraging ensued, one kneejerk reaction was to shore up global demand through easy money et al. While the following two years showed that policy-makers perhaps succeeded in stabilizing market sentiment and loosening up frozen credit markets, their efforts have not done a whole lot toward the ultimate goal of revitalizing demand. Demand became somewhat elusive ...

Demand elusivity

BERN DS 19:22 GMT May 18, 2011
EURUSD ?
Reply   
Buy EURUSD
Entry: Target: Stop:
Just a little strange feeling at the end of this trading day--- when i have finished reading and listening to all GURUS and Forecasters of FX Rates- then we might be at the verge of a huge UPMOVE in EURUSD--- the whole planet and its brother in law is becoming incredibly bearish on that one.... just a thought-- trade well and expect the unexpected .... good to have you all in this forum...

Forex Signals 19:21 GMT May 18, 2011 Reply   

Financial Market Signals - EURCHF

la la 19:21 GMT May 18, 2011
FOMC Minutes

I am just looking in during lunchtime. Stocks are up so why is the dollar up?

nyc ws 18:31 GMT May 18, 2011
FOMC Minutes

It took a detour but a buy the rumor sell the fact reaction. Good show.

JERUSALEM KB 18:29 GMT May 18, 2011
Forex Trading Plan

Buy EURJPY
Entry: 116.55 Target: 117.60/OPEN Stop: 115.20

BUY STOP
-------
CANCLED
LOOKING FOR A BETTER TRADE SETUP

GVI Forex john 18:03 GMT May 18, 2011
Market Chatter

- EURUSD spikes higher then settles back.
- Nothing earth shaking in the meeting notes.

tokyo rana 18:01 GMT May 18, 2011
jpy!!!!!!!!!!!!!!
Reply   
Sell USDJPY
Entry: 81.5/7 Target: open Stop: 82.20

sold all jpy pairs....happy trade,

GVI Forex john 18:01 GMT May 18, 2011
Market Chatter

-- ALERT --
FOMC Minutes
Detailed Exit Strategy talks


TTN: Special Offer

JERUSALEM KB 17:53 GMT May 18, 2011
Forex Trading Plan

Buy
Entry: 81.65 Target: 82.68 Stop: 81.20

USDJPY
Entry: 81.88 Target: 82.68 Stop: 81.20
--------------------
ENTRY LOWERED TO 82.65
----------
CORRECT. ENTRY 81.65

nyc ws 17:50 GMT May 18, 2011
FOMC Minutes

I wonder how many are short usd waiting for a dovish fed/

JERUSALEM KB 17:50 GMT May 18, 2011
Forex Trading Plan

Buy USDJPY
Entry: 82.65 Target: 82.68 Stop: 82.20

USDJPY
Entry: 81.88 Target: 82.68 Stop: 81.20
--------------------
ENTRY LOWERED TO 82.65

JERUSALEM KB 17:41 GMT May 18, 2011
Forex Trading Plan

Buy EURJPY
Entry: 116.55 Target: 117.60/OPEN Stop: 115.20

BUY STOP

Lahore FM 17:31 GMT May 18, 2011
" Trade Ideas "

Sell CHFJPY
Entry: 92.56 Target: Stop: none for now

mind your own risk.short here.last time longed at 83.

nyc ws 17:23 GMT May 18, 2011
FOMC Minutes

Is there a chance for a buy the rumor sell; the fact reaction for the fomc mins? If this happens I plan to be patient and take the other side.

JERUSALEM KB 17:23 GMT May 18, 2011
Forex Trading Plan

USDJPY
Entry: 81.88 Target: 82.68 Stop: 81.20

buy a break of 81.78

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

- Fed Minutes at the top of the hour are from the latest FOMC.
- After that meeting, Bernanke held an extended press conference.
- Don't see how something new can be forthcoming?

Israel Dil 17:15 GMT May 18, 2011
Facebook Page


Will someone to like GV so much?

Facebook's 'Like'

GVI Forex Jay 17:10 GMT May 18, 2011
FOMC Minutes
Reply   
Next up are the FOMC minutes. Only surprise would be hawkish comments and that is not expected.

GVI Forex john 16:59 GMT May 18, 2011
Facebook Page
Reply   
We are launching a Facebook page and would appreciate if you are a member if you would "Like" our page.

Many thanks...John


JERUSALEM KB 16:58 GMT May 18, 2011
Forex Trading Plan

GBPCAD
Entry: Target: Stop:

Buy GBPCAD
Entry: 1.5810 Target: 1.5920 Stop: 1.5725
buy stop at place
-----------
hit sl

Open 16:57 GMT May 18, 2011 Reply   

Global-View on Facebook

Israel Dil 16:40 GMT May 18, 2011
SELL SnP & HSI
Reply   
Sell S&P
Entry: Target: 975 Stop:


hearing from trust worthy sources that the galaxy in Macau will not manage to come out as financial success the coming decades. It is not so easy anymore to get a loan in china and go to Macau and gamble there the loan :-)

More important, hong kong stocks are to suffer a hit and that hit will be the hong kong style :-)


good luck and good trades

Israel Dil 16:30 GMT May 18, 2011
sell CRUDE & CCP
Reply   
Sell Crude
Entry: Target: Stop:


CCP = commodity currencies package


CAD AUD NZD BRL RUB versus USD and CHF too

we are about to get the very last lucky spike before the medium term fall :-)

Fx Trading Discussion 16:23 GMT May 18, 2011 Reply   

EURUSD Trading Plan

Israel Dil 16:22 GMT May 18, 2011
GSC - gold silver copper
Reply   
Sell Gold
Entry: Target: Stop:


looking to sell GSC package tomorrow, Friday and early Monday. Hopefully into new lows for this round but at least towards the lows of this round.

I may turn into GSC bull if the move down will not reach low $1200's area before official start of the summer :-)

UK Malc 16:13 GMT May 18, 2011
GBPA

Buy GBPUSD
Entry: Target: Stop:

The bet on gbpusd long is eurgbp tops and gbpusd catches up.

GVI Forex john 16:09 GMT May 18, 2011
Member Directory Sign up !
Reply   


Global-View Member Directory

Complete your profile today! This will allow you to:


ldn ct 15:55 GMT May 18, 2011
GBPA
Reply   
I have been itching to buy gbpusd but it has no lift to it because of firm eurgbp. I wonder how many have bought 1.6150.

GVI Forex Blog 15:49 GMT May 18, 2011 Reply   
May 18 (global-view.com) UPCOMING DATA HIGHLIGHTS for Thursday, May 19:

GVI Forex- Data Outlook for May 19, 2011

GVI Forex john 15:46 GMT May 18, 2011
Market Chatter

CALENDAR
Entry: Target: Stop:



May 18 (global-view.com) UPCOMING DATA HIGHLIGHTS for Thursday, May 19:

  • Far East: JA- 1Q11 GDP, Ind Output rev.
  • Europe: GB- Retail Sales, CBI Orders Trends CH- ZEW Economic Expectations.
  • North America: US- Weekly Jobs Statistics, LEI, Existing Homes Sales, Philly Fed, Natural Gas.
Updated: Trading Events Calendar

GVI Forex Blog 15:45 GMT May 18, 2011 Reply   
The bounce off of yesterday's four-week lows in equity markets continues this morning, with all three leading US indices in the black ahead of the afternoon's release of the FOMC minutes. Dell is helping the Nasdaq lead the way higher after reporting encouraging results. Spot gold is rebounding after three days of solid declines, bouncing back toward the $1,500 level.

TradeTheNews.com US Market Update

Paris ib 15:39 GMT May 18, 2011
EUR/USD : Critical Point 1.3866

EUR/USD is now in stop hunting mode. Expect stops above today's highs which could push us through the figure. NOT that I expect all the Euro doom and gloomers to change their minds. Still we would be back where we were before the most recent leg of this downwave.....

GVI Forex john 15:36 GMT May 18, 2011
Service Interruption
Reply   
Sorry for interruption of access to Global-View for many of you. We are being told it was an internet issue.

Lahore FM 15:31 GMT May 18, 2011
" Trade Ideas "

Buy GBPUSD
Entry: 1.6150 Target: Stop: 1.6112

long here.

HK Kevin 14:52 GMT May 18, 2011
Short EUR/GBP
Reply   
This pair at current levelalso look attractive to me. Just short at 0.8820. stop at 0.8851, target open.

Hong Kong Qindex 14:48 GMT May 18, 2011
EUR/USD : Critical Point 1.3866

Sell EURUSD
Entry: Target: Stop:

EUR/USD: The market is under pressure when it is rejected from the daily cycle barrier at 1.4253 // 1.429.


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

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

Paris ib 14:39 GMT May 18, 2011
EUR/USD to test the high?
Reply   
Looks like it.

My question remains though (see earlier post). Once we get the S&P rebound over the next few days, and the EUR/USD rebound with it.... what then?

Looking for an S&P fail and when, if ever, does the EUR/USD decouple?

HK Kevin 14:37 GMT May 18, 2011
Don't Pretend You Know the market
Reply   
Though I hold a short-term bullish view on EUR, I haven't act on my view. Wait and see, now think the preferred and much safe trade is long AUD. Act earlier and long at 1.0588 earlier, stop at 1.0589, will raise stop to b/e if we sell an hourly close above 1.0660

Paris ib 14:32 GMT May 18, 2011
China Economic 'Facade' Starts to Show Cracks: Chanos

Nice link. That is one ugly story. The question is what it means for the outside world. Less commodity buying.... other than that I can't think really. China was a net drag on the world economy given its trade surplus (trade deficit for everyone else) and if it slows down what does that mean?

Looks to me like the global financial crisis finally hit China, with a two year delay. But now what? Financial market implications?

GVI Forex john 14:31 GMT May 18, 2011
Market Chatter

-- ALERT --
U.S. Weekly DOE Energy Inventories (mln bbd)
Crude: -0.15 vs. +1.0 exp. vs. +3.78 prev.
Gasoline: +0.119 vs. +1.3 exp. vs. +1.28 prev.
Distillate:-1.16 vs. +1.1 exp. vs. -0.843 prev.
Cap Util:83.2% vs. 82.2% exp. vs. 81.7% prev.


TTN: Special Offer


Fx Trading Discussion 14:24 GMT May 18, 2011 Reply   

EURUSD Trading Plan

Syd 14:06 GMT May 18, 2011
China Economic 'Facade' Starts to Show Cracks: Chanos
Reply   
The cracks are spreading in the facade," he said. "You're seeing real estate firms shutter, sales offices closed down. Some of the engine behind the boom is at least beginning to sputter."

LINK hedge fund manager Jim Chanos told CNBC.

Mtl JP 13:50 GMT May 18, 2011
USD

[email protected] 12:54 exactement...
forwarned = forarmed

lkwd jj 13:39 GMT May 18, 2011
gbp

yup . looking to cover shorts put on at 16275 pivot area that al talked about in his weekly setup video. great stuff ...again.

Fx Trading Discussion 13:26 GMT May 18, 2011 Reply   
Note levels just below 1.42.

EURUSD Trading Plan

Fx Trading Discussion 13:11 GMT May 18, 2011 Reply   

EURUSD Trading Plan

HK [email protected] 12:54 GMT May 18, 2011
USD

Mtl JP 12:28 GMT May 18, 2011

Next stage: Knock knock knock...

And confiscate your GOLD:)

Forex Broker News 12:51 GMT May 18, 2011 Reply   

4XP's Exclusive Trading Tools

GVI Forex Blog 12:33 GMT May 18, 2011 Reply   
Dollar-Swiss has bounced back above 0.8800 once again thereby easing the threat of the Head and Shoulder pattern on the 4-hr chart.

FX Thoughts for the day : 18-May-2011 - 1232 GMT

GVI Forex john 12:30 GMT May 18, 2011
Market Chatter

-- ALERT --
Canadian April Leading Indicators
+0.8% vs. +0.5% exp. vs. +0.6%r prev.


TTN: Live News Special Offer

Mtl JP 12:28 GMT May 18, 2011
USD

what defends USA better ... what is the nature of the attack ?
-
gold bars defend the individual against Geithner, Ben & 0's endless printing.
nuclear arsenal defends against _____
--
Supreme Court gives police a new entryway into homes
times sure a-changing in America. Knock Knock.

Israel Dil 12:05 GMT May 18, 2011
USD

JP

will geithner take your advise to sell fort Knox gold?
what defends USA better, gold bars or their nuclear arsenal?

Paris ib 12:05 GMT May 18, 2011
USD

JP they can't do that, rumour has it it's all gone.

Paris ib 12:04 GMT May 18, 2011
Tech Talk - EURUSD

I would say they are released too late in the day to have a huge impact.

GVI Forex Jay 11:59 GMT May 18, 2011
Tech Talk - EURUSD

Mark, see our

Economic Calendar

prague mark 11:57 GMT May 18, 2011
Tech Talk - EURUSD

Jay, what time FED minutes are out? TIA

Mtl JP 11:56 GMT May 18, 2011
USD

of course, in a parallel call for the Greek to sell assets to pay off his debt, Geithner the honourable should sell the Gold that sits in Fort Knox.

Belgrade TD 11:52 GMT May 18, 2011
1h TA trade

Belgrade TD 06:19 GMT May 18, 2011
Short some EUR/USD at 1.427 ... intraday ...
///
Belgrade TD 08:41 GMT May 18, 2011
out at ~B/E ...
///
really hate this ... there were reasons for this sell plus my TA system gave me the signal .. Then I leave the trade without any special reason ... it's not about pips and numbers but about self-discipline ... it happened to me with USD/JPY a month ago, as soon as I closed the position this pair has gone 500+ ... well I'm going to break here - lunch time ... need some cooling :)

ldn ct 11:49 GMT May 18, 2011
gbp
Reply   
How about gbpusd? Is anyone looking to buy here (1.6140-50)?

Mtl JP 11:46 GMT May 18, 2011
USD

look... LOOK who has got relligion:

RBZ urges gold-backed Zim dollar - New Zimbabwe.com
‎May 15, 2011 - THE central bank says the country must consider adopting a gold-backed Zimbabwean dollar warning that the US greenback's days as the world's reserve currency are numbered. .../..

as Geither prances around the world telling everyone that increasing US debt is good thing and necessary a sign of market faith signal in US govt. (what he does not talk about is the rape of American savers' savings whose purchasing power is going down the toilet which means many will have to work into their 80eez)

HK [email protected] 11:31 GMT May 18, 2011
USD

Mtl JP

That will require first a gold drop reaction to interest rise to get the right opportunity to buy.
I estimate that some sell panic in gold will be the opportunity.

Mtl JP 11:26 GMT May 18, 2011
USD

[email protected] 11:22 which -another ccy - one(s) ?
-
only ccy that can not be printed is Gold.

HK [email protected] 11:22 GMT May 18, 2011
USD
Reply   
The USD has to find the way to drop to make the US economy more competitive, it will be accompanied by rising interest rates, which will serve to fight inflation at a time when the dollar will sink altogether with the stock market, bond market, real estate and commodities.
Terrible unemployment and even riots may ensue up to recovery.
The place to be is in another currency.

Gen dk 11:20 GMT May 18, 2011 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

GVI Forex Jay 11:17 GMT May 18, 2011
Tech Talk - EURUSD

ib, tough call from here as eur/usd should have corrected more today (still a risk while above 1.42) so perhaps ranges as the Greek drama and other events play out. So far, 1.4236 is holding as support (note my earlier update).

As for the FOMC minutes, my guess is market is expecting dovish, which one cannot argue with given the shift to "risk off" since the meeting. Whether this has an impact I have no clue as surprise would be anything other than dovish.

GVI Forex Blog 11:08 GMT May 18, 2011 Reply   
The euro struggled to hold gains against the dollar on Wednesday after early demand ran into technical resistance but the single currency may catch fresh bids if Federal Reserve meeting minutes suggest U.S. interest rates will stay low.

FOREX NEWS - Euro clings to gains, USD risks FOMC selling

Cambridge Joe 11:03 GMT May 18, 2011
Maybe ... Maybe not.
Reply   
Something and nothing.... I have an impression that Gold may South a bit more after 12:35.

Just to keep an eye....

Belgrade TD 10:54 GMT May 18, 2011
Euro

Syd 10:31 GMT May 18, 2011
"its impossible for the Euro to survive in its present state ..." - these are the right words ...

Paris ib 10:54 GMT May 18, 2011
Tech Talk - EURUSD

Jay barring new 'headlines' I would think range trading will take over. Do you think FOMC minutes are important at all?

Mtl JP 10:44 GMT May 18, 2011
Sell UsdCad

two days ago Carney repeated that strong CAD “could create even greater headwinds for the CDN economy”.

He also said that “further rate hikes would need to be carefully considered”.

This Central Banker is not ready to raise rates. Market may be mis-pricing the cad with its 25bps October hike.

Syd 10:43 GMT May 18, 2011
Cooking the books
Reply   
ECB Constancio: Debt Restructuring Is Categorically Last Option
ECB Constancio: Adjustment Path Is 'Possible' For Greece
ECB Constancio: IMF, ECB, EU Agree On Greece Adjustment Path

We all agree on cooking the books

GVI Forex Jay 10:42 GMT May 18, 2011
Tech Talk - EURUSD
Reply   


10:40 GMT (Global-View.com) May 18 - As noted yesterday, the EUR/USD appeared setup for a retracement and this has occurred overnight but so far struggled in the upper 1.42s. To build momentum, EUR/USD would need to move above its 200 hour mva (see chart), currently at 1.4276, which has so far helped to cap the upside, 55 day mva (1.4282) and 1.4294 (former monthly downtrendline broken last month) ahead of 1.4317 (50 day mva) and 1.4339 (key May 13 high). Intra-day high 1.4286.

On the downside, the 5 day pattern of trading around 1.42 has not been extended although the day is young. A break of this pattern would be a bullish indicator but only if confirmed by a break of the key levels posted above. To keep the focus from 1.42, 1.4236 (Tuesday's high) needs to hold as support. Below 1.4236 would put 1.42 in play again. Note the intra-day low 1.4237.

This sets the stage for a critical Wednesday as the market tries to retrace but faces headwinds while within 1.4250-00. Note the weaker GBP has taken some of the focus away from the euro.

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

Home of the Forex Forum

Mtl JP 10:33 GMT May 18, 2011
Market Chatter

john 10:23 re A failure is in the interest of no one.
-
is that official g-v view-point ?
could you elaborate ?
what would would constitute "some sort of acceptable solution `and
what would constitute "failure" (euro's dis-integration perhaps)?

Syd 10:31 GMT May 18, 2011
Euro
Reply   
Belgrade TD 08:53 the complete truth spoken , and with that said its impossible for the Euro to survive in its present state - it will try to battle along but eventually will split in two pieces or fail completely

Toronto MDunleavy 10:30 GMT May 18, 2011
Sell UsdCad
Reply   


Sell USDCAD
Entry: 0.9680 Target: 0.9460 Stop: 0.9795

I remain bearish on USD/CAD.
The Canadian dollar doesn’t rely only on oil, but is more dependent on the US economy, which is gradually improving. In addition, the economy of Canada is doing great, especially with the recent impressing gain in jobs.
~~~>docs.google.com/document/pub?id=14YIgWu6mqwm0AYkhG14x-1vwsygUUGs3krB4a1Q7iyA#id.yhxodux8ibu5

GVI Forex john 10:23 GMT May 18, 2011
Market Chatter

  • In the absence of major developments, the USD has extended its soft tone from late Tuesday. Nevertheless, traders are cautiously waiting to see what develops.

  • Discussions about the Greek sovereign debt situation continue. The odds for some sort of acceptable solution appear high. A failure is in the interest of no one.

  • U.K. employment data for April were weaker than expected. The latest BOE repo rate vote was 6-3-0 (unchanged-rate hike-cut). This is unchanged from the previous tally. 

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

  • We are always looking for signs of central bank demand for EUR for the purpose of reserve diversification.

Israel Dil 10:09 GMT May 18, 2011
EU daily report
Reply   
Reprofiling – the exchange of short-term debt for long-term debt – has emerged at the catchphrase in the Greek crisis resolution;
Jean-Claude Juncker makes reprofiling conditions on a successful Greek privatisation programme;
Ecofin does not address the question that a reprofiling would constitute a credit event, and would land Greece with a C-rating, and its banks with no access to ECB collateralised lending;
Christine Lagarde opposes reprofiling, as does the ECB;
Reuters reports that the word reprofiling does not exist in finance, but it is a well known alternative term for a nose job;
El Pais says the idea of a restructuring is now becoming accepted among the EU policy makers;
EU insists on cross-party consensus in Greek debt talks;
Bild Zeitung reports that the privatisation of land in Greece is hard, considering the absence of a land registry;
Martin Wolf pays tribute to DSK, and says the new IMF chief, probably a European, will face a very tough job in keeping the lid on the eurozone crisis;
Wall Street Journal reports that Timothy Geithner effectively called for DSK’s resignation;
Bild reports that Angela Merkel is looking for a German candidate;
we think it is going to be Lagarde;
Sarkozy’s electoral fortunes are improving in the wake of the DSK affair;
Ireland asked the European Commission to extend its bank guarantee scheme;
the French media welcome Mario Draghi’s nomination to the ECB, while the Germans remain cautiously sceptical;
King Albert of Belgium, meanwhile, has asked the French-speaking Socialist leader Elio di Rupo, to try to form a government.

GVI Forex Blog 10:08 GMT May 18, 2011 Reply   
The session was focused on UK data and BOE minutes with swirls of rumors surround each. The GBP registered new session lows and then recovered after UK jobs data and the BoE minutes. The April claimant count rose for the first time since January 2010. The country's unemployment claims rose in April at the fastest pace since January 2010. The GBP maintained a soft tone as the data highlighted the fragility of the UK economic recovery as government spending cuts and accelerating inflation sapped consumer confidence. The number of BOE hawks remained unchanged at three in the latest BOE rate decision. There was some speculation the MPC member Weale might move back to the 'dove' camp.

TradeTheNews.com European Market Update: UK Apr unemployment claims rose at fastest pace since January 2010

HK [email protected] 10:07 GMT May 18, 2011
Quote of the day

It had nothing to do with politics, but with an inappropriate language(going for sometime) used by a forum member .

Gen dk 10:03 GMT May 18, 2011 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

GVI Forex Jay 10:03 GMT May 18, 2011
Quote of the day

Appreciated.

Israel Dil 10:00 GMT May 18, 2011
Quote of the day

sorry Jay

Belgrade TD 10:00 GMT May 18, 2011
Quote of the day

Do you, people, can discuss anything without transferring it in war of words ... normally we have different views but it really is not the reason for the conflict ... Of course it all depends on your own ...

GVI Forex Jay 10:00 GMT May 18, 2011
Quote of the day

RF and Dil. Please take your discussion to the Political Forum or offline as it does not belong on the Forex Forum. We will be removing whatever we find inappropriate.

Israel Dil 09:57 GMT May 18, 2011
Quote of the day

TD

Healthy logics, money management and patience, the holy three :-)

Belgrade TD 09:45 GMT May 18, 2011
Quote of the day

My opinion on the fair value (last two years) of EUR/USD is at the level of 1.34 to 1.37 ... any deviation from these values​​, mean + / - 1000 pip is a great entry into the Trade ... although I prefer to trade for long periods, the current situation (a couple of years) is so volatile that the trade in small periods are much more effective and sometimes bear less risk because the market is prone to manipulation ... longer term am short (orders at ~1,44) but i will go long intraday or so IF ... :)

HK Ah Beng 09:44 GMT May 18, 2011
Quote of the day

Unlike Honkies that have feld HK to get away from the Chinese ?

GVI Forex john 09:41 GMT May 18, 2011
Global-View D.O.G. Iindex
Reply   
The Global View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is opening in the U.S. at .5131, -0.35% from its Tuesday close (-4.64% y/y).

As for its key subcomponents, the USD forex purchasing power index is .7462, -0.11% (-4.11% y/y). The forex index is value is calculated against the top six trading currencies.

Against gold, the USD purchasing power is currently worth .1932, -0.55% (-4.79% y/y).

Against crude, it is at 0.4535, -1.33% (-7.02% 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

Amsterdam purk 09:39 GMT May 18, 2011
Quote of the day

DIL

Have meeting tomorrow at 16.00 hours sharp, finally.
I would like 1,45, but not today.

Israel Dil 09:30 GMT May 18, 2011
Quote of the day

[email protected]

1.35-1.45 and spikes are no surprise as said here many times. about the other things, get a life :-)

Israel Dil 09:25 GMT May 18, 2011
Quote of the day


PURK

still waiting for the information :-)

HK [email protected] 09:24 GMT May 18, 2011
Quote of the day

Israel Dil 09:18 GMT May 18, 2011

Hope additional +200 pips on the Euro, will place a valve on your running mouth.

Amsterdam purk 09:22 GMT May 18, 2011
Quote of the day

I like dutch pigs. We have one in the children´s zoo. He is so big that he walks on his belly...

Israel Dil 09:18 GMT May 18, 2011
Quote of the day


[email protected]

good morning to you too, read and understand before you reply. Hot tempered Chinese seems to to be only a female collecting money in a noodle bar :-)

Belgrade TD 09:16 GMT May 18, 2011
Quote of the day

Paris ib 09:06 GMT May 18, 2011
you just made ​​the point ... prospects and future of the EU is something that there are many different opinions ... as well as the famous March of 2008, when the world economy went into a recovery on the basis of statements of president Obama ... it's all paper economy ... we have yet to reach compliance with the real economy ... but it is my or your view of the world around us ... In any case, only measure is the market itself and I believe that no one will go against market, regardless of their views on some events ...

Paris ib 09:16 GMT May 18, 2011
EUR/USD the conundrum
Reply   
My view is that the U.S. Stock market is in trouble, though I expect to see a retrace (up) in the next couple of days. At the same time while that retrace is taking place EUR/USD can be expected to move higher.

Over the longer term my view is that weak economic conditions, poor foreign policy decisions, poor economic and monetary policy decisions leave the USD vulnerable to further selling. However, I am aware that the EUR/USD has a strong correlation with the stock market.

My question to the forum: will that correlation be broken?

Israel Dil 09:11 GMT May 18, 2011
Quote of the day


exactly IB

it is kind of a race to find who stinks less :-)

how it looks does not means it is so.

Paris ib 09:06 GMT May 18, 2011
Quote of the day

Dil I am sure that you will find people in Gaza who will tell you similar stories about Israelis, only those stories are more recent.

GVI Forex Blog 09:05 GMT May 18, 2011 Reply   
In the absence of major developments, the USD has extended its soft tone from late Tuesday. Nevertheless, traders are cautiously waiting to see what develops. Discussions about the Greek sovereign debt situation continue. The odds for some sort of acceptable solution appear high. A failure is in the interest of no one.

Daily Forex View- 10:00 GMT- 18 May North America-Europe

Paris ib 09:03 GMT May 18, 2011
Quote of the day

Belgrade you can talk national stereotypes and vague sociological ideas if you like but I'm not sure it is useful. I prefer to examine the statistics. Europe on the whole has better economic and political management than the United States. And considering my very poor opinion of current European politicians that is really saying something. Economic performance, even with draconian austerity, is better than in the U.S. and if I have to choose between the FED and the ECB, I back the ECB.

Given that the world as a whole is very, very exposed to the U.S. then a move out of the USDs and U.S. Treasuries and into alternatives makes absolute sense. And, in fact, that is what is happening. Now whether the EUR/USD correction is over is another point entirely. I suspect that it is.

Belgrade TD 09:00 GMT May 18, 2011
Quote of the day

and new Eastern countries have had high and unrealistic expectations from EU membership ... percentage of skepticism and anti-European sentiment rising drastically ... and this situation will not be solved in due time ... There is also a tendency of increasing influence of right-wing politic parties ... many problems that are swept under the carpet with the vast media machine ... but it will not be long before the bubble starts to shoot ... will see :))

Israel Dil 08:59 GMT May 18, 2011
Quote of the day

IB

ENRON = EUROZONE

Numbers, numbers and more numbers but none has to do anything with reality. no one dreams that any of the loans will be paid back by the countries, but like good old hypocrite Europeans the truth will stay far away until the explosion/war is back, and then they will lie more. fat necked Germans and smiling lying Dutch are looking to take over Greek islands as result of the default. (you still can find people alive in Israel that will tell you the TRUTH about how German and Dutch pigs act when they can take over property of others). the Greek does not mind to tell the truth and default, it is the heartless crooks from the north who stop them from from saying "game over".  

but fx trading is the reason for gathering here, selling the spike is the appropriate strategy for now. don't let the early summer markets to cheat you.  1.35-1.45 with strong pressure on the downside for the coming 5 weeks :-)

Belgrade TD 08:53 GMT May 18, 2011
Quote of the day

We absolutely agree about the situation with the dollar ... about EU we have differences ... unlike the former Western Europe, the eastern part and the Mediterranean countries have a different philosophy of life and work ... The Germans are disciplined, thinking about tomorrow, Eastern and Mediterranean countries want to live today, about tomorrow will be thinking ... and as soon as this disrupts dissatisfaction arises ... these disturbances will be more and more and once they realize that they can blackmail Germany and other EU giants, with a projection of leaving euro and the EU, then it will jeopardize the whole idea ... Europe is too divided and different, much history is there ... Germany, and the surrender of leadership can be tolerated more or less ... But the crisis does not gives way resulting envy and bitterness ... I see that the EU perspective ... and it certainly will not be tomorrow ...

User 08:53 GMT May 18, 2011 Reply   

FOREXNESS.COM - Free Forex Signals

Belgrade TD 08:41 GMT May 18, 2011
1h TA trade

Belgrade TD 06:19 GMT May 18, 2011 - My Profile
1h TA trade: Reply
Short some EUR/USD at 1.427 ... intraday ...
///
out at ~B/E ... there is no perspective here ... maybe latter

Paris ib 08:38 GMT May 18, 2011
Quote of the day

I think you are wrong about that Belgrade. Following a hysteria driven closing of capital markets, specifically bond markets, in some peripheral countries in Europe austerity has been imposed in those countries. As a direct result of that austerity economic conditions are weaker than they would be. Otherwise economic conditions in Europe have been better than expected. Always the statistics 'surprise on the upside'. Now why would that be? Expectations have been radically lowered by misleading reporting.

Note however how weak economic conditions are in the U.S. even with the considerable stimulus which has been delivered. Note also that that stimulus is now over and harsher economic conditions, both fiscal and monetary, can be expected in the future. What happens then? Nothing good that's what. And what happens to the USD? Nothing good. And still people refuse to see the forest for the trees:
“Everything has been strengthening against the dollar". Ignore that fact at your peril.

GVI Forex john 08:38 GMT May 18, 2011
Market Chatter

- Wide GBP swing on the releases. GBPUSD higher.
- BOE policy votes.
- Employment data are weaker.

GVI Forex john 08:32 GMT May 18, 2011
Market Chatter

-- ALERT --
U.K. April/March Employment
Claimant Count: +12.4K vs. 0K exp. vs. +6.4K
ILO Rate: 7.7% vs. 7.8% exp. vs.7.8%
Avg Earn (x-bonus): +2.1 % vs. +1.9% exp. vs.+2.0%

BOE April Monetary Policy Board Minutes
Vote: 6-3-0 (Unch-Hike-Cut)


TTN: Live News Special Offer


Belgrade TD 08:31 GMT May 18, 2011
Quote of the day

Paris ib 08:20 GMT May 18, 2011
yes, but you're talking about one or two member and not about the entire EU ... this is a problem ... few strong and many weak ...

Paris ib 08:20 GMT May 18, 2011
Quote of the day
Reply   
I love this quote:

Syd 04:48 GMT May 18, 2011
“Everything has been strengthening against the dollar — this is something that has not happened in the past,”

Yes that's right Stephen, glad you noticed.

The article makes the point that the USD has even been going down against whatever they have as a currency in Latvia.

So, without this mostly manufactured Euro crisis (courtesy of repeated and unjustifiable downgrades, irresponsible statements by dodgy Greek politicians, shock headlines and media hysteria) where would the USD be now?

This big 'oh my God Europe is going to go out of business tomorrow' - let's ignore the fact that the economy is growing, external accounts are fine, savings are high, radical austerity plans are being acted upon (unwisely in my view but nevertheless it is happening) has helped the USD from collapsing. And the economic data continues to be EUR/USD positive: very weak growth in the States, statistics which continue to surprise to the upside in the Euro area.

Syd 07:34 GMT May 18, 2011
ECB Stark: Greek Debt Restructruing Won't Solve Debt Problems
Reply   
ECB Stark: Greece Should "Double The Effort" To Fix Finances
ECB Stark: Greece Is Solvent
ECB Stark: Greek Debt Restructruing Would Be A Catastrophe
ECB Stark: Greek Debt Restructuring Would Undermine ECB Liquidity Program
ECB Stark: Greek Debt Restructuring Is Not The Way Forward

Belgrade TD 06:44 GMT May 18, 2011
Daily TA trade

Buy AUDJPY
Entry: 86.25 Target: ~ Stop: ~

Long AUD/JPY at 86.25 ... I have some doubts, but let's see ... longer time frame

Belgrade TD 06:19 GMT May 18, 2011
1h TA trade

Short some EUR/USD at 1.427 ... intraday ...

Syd 05:51 GMT May 18, 2011
Moody's Downgrades Australia's Four Major Banks To Aa2;
Reply   
Moody's Investors Service has downgraded to Aa2
from Aa1 the long-term, senior unsecured debt ratings

GVI Forex Blog 05:19 GMT May 18, 2011 Reply   
***Economic Data*** - (AU) AUSTRALIA Q1 WAGE COST INDEX Q/Q: 0.8% V 1.1%E (matches 1-year low); Y/Y: 3.8% V 4.0%E - (CH) CHINA APR PROPERTY PRICE DATA: New home prices increase M/M in 56 out of

TradeTheNews.com Asian Market Update: China's housing prices continue to climb albeit slower; Markets have a stronger day on the back of softer commodity prices

Forex Signals 04:52 GMT May 18, 2011 Reply   

Financial Market Signals - EURCHF

Syd 04:48 GMT May 18, 2011
Some See Rise Ahead for Dollar
Reply   
“Everything has been strengthening against the dollar — this is something that has not happened in the past,” said Stephen L. Jen, an independent currency strategist and former economist for the International Monetary Fund.
Mr. Jen sees the euro’s rise to a high of $1.49 from $1.19 over the last year as overdone, especially in light of the festering problems in Greece and other weak euro zone economies. Even now, the euro is back down to $1.42.

LINK ......“With its sovereign debt issue and the growth differential in the euro zone,” Mr. Jen said, the euro is “just too expensive.”

Syd 04:14 GMT May 18, 2011
China
Reply   
The PBOC's latest statement indicates that it's unlikely to expand the current yuan trading band soon, and may use more interest rate and reserve requirement ratio hikes to manage stubbornly high inflation in the second quarter, says Liu Li-Gang, an economist at ANZ.

BEIJING (AFP)--A bizarre wave of exploding watermelons--possibly due to farmers' abuse of a growth-boosting chemical--has once again spotlighted safety fears plaguing China's poorly regulated food sector. He said he had sprayed them with the chemical just a day before. The use of forchlorfenuron isn't banned in China.LINK

China surpassed the U.S. as the world's largest manufacturer last year.China is building 10 new cities -- yes, cities -- every year. Unfortunately for China, few people live in them. Watch this video to see China's ghost cities.

VIDEO: China's empty cities

Syd 03:49 GMT May 18, 2011
PBOC: To Further Use Interest Rate To Manage Inflation Expectations
Reply   
http://online.wsj.com/article/BT-CO-20
110517-716494.html?mod=WSJ_latestheadlines

GVI Forex Blog 03:45 GMT May 18, 2011 Reply   
The US markets closed mixed yesterday. The Dow (12479.58) was down 0.55% while the Nasdaq (2783.21)

Morning Briefing : 18-May-2011 -0342 GMT

Syd 03:04 GMT May 18, 2011
Greek debt restructure on the cards to stave off euro crisis
Reply   
European officials have conceded that Greece may have to restructure its debt as part of a second bail-out package to shore up the Mediterranean nation

stave off a crisis in the euro

HK [email protected] 02:54 GMT May 18, 2011
Dollar is framed up!!!
Reply   
In anticipation for the QEII ending, easy money may not be available and US interest rates may rise fast, which will bring a crash to the US economy already making bad even under the present easing conditions.

What may save the US economy from a worse situation is devaluation of the USD.

So every time USD interest may increase, expect a decline in the USD because of worsening economy, contrary to what one may expect.

Rising interest rates with rising dollar will totally kill the US economy, which already makes bad at present.

I don't see half of a reason for US$ rebound except technical(maybe).

Or maybe QEIII is on the way :( which may do just the same to the dollar.

Syd 02:50 GMT May 18, 2011
State applies to extend bank guarantee scheme
Reply   
The Government has lodged a formal application to extend the €150bn bank guarantee

Link

Syd 01:44 GMT May 18, 2011
Aussie 1Q Wages Growth More Benign Than Expected
Reply   
Australian wages grow 0.8% in 1Q vs 4Q10 and undershoots an expected rise of 1.1%. It leaves the annual pace of wages growth at 3.8%, a reasonably benign outcome for the Reserve Bank of Australia, and indicates policy makers may have more time than some think before they need to raise interest rates. The data follow news earlier Wednesday that consumer sentiment weakened in May

Syd 01:43 GMT May 18, 2011
PBOC: To Further Use Interest Rate To Manage Inflation Expectations
Reply   
China's central bank will strengthen the role of interest rates in managing inflation expectations, the People's Bank of China said in its 2010 annual report. The report, published on its website Tuesday, reiterated that the PBOC will continue to push forward the interest rate liberalization and to improve the yuan exchange-rate formation mechanism. The central bank will also increase the currency's flexibility and maintain the yuan's stability at a reasonable level.
China will also strictly combat "hot money inflows" and supervise cross-boarder capital flows.

Syd 01:31 GMT May 18, 2011
Australia 1Q Wage Index +0.8% On Qtr; Forecast +1.1%
Reply   
Australia 1Q Wage Index +0.8% On Qtr; Forecast +1.1% AUSTRALIA MAY DEWR SKILLED VACANCIES M/M: -0.4% V 1.7% PRIOR first decline in 3 months


HK [email protected] 01:20 GMT May 18, 2011
EURO/USD

Euro signals next minimum target at 1.4410.

Once stabilizing at that level chances will increase for 1.4630

Syd 01:15 GMT May 18, 2011
Mowat Says Risk of China `Hard Landing' May Be Building
Reply   
May 17 (Bloomberg) — Adrian Mowat, Hong Kong-based chief Asia and emerging-market strategist at JPMorgan Chase & Co., talks about the outlook for Asian equities and his investment strategy. Mowat speaks with Susan Li on Bloomberg Television’s “First Up.” (Source: Bloomberg)

LINK

dc CB 00:54 GMT May 18, 2011
Protester handcuffed at JPMorgan Chase shareholder meeting

they forgot the trebuchets....but they did float that Grant Wood.

vid of the Chase attack

http://www.youtube.com/watch?v=3GuyExsgyoo

Syd 00:34 GMT May 18, 2011
Australia Consumer Sentiment Index -1.3% In May Vs Apr
Reply   
An index of consumer sentiment in Australia fell 1.3% in May from April. This is the lowest level of the index since June 2010, a month which followed three consecutive rate hikes by the Reserve Bank in March, April and May.

dc CB 00:30 GMT May 18, 2011
Protester handcuffed at JPMorgan Chase shareholder meeting
Reply   
COLUMBUS, Ohio — Shareholders trying to get into JPMorgan Chase & Co.’s annual meeting held Tuesday in this midwestern city were greeted by heavy security and over 400 protesters shouting slogans outside every entrance.

At least one person was handcuffed after a group of about 400 protestors marched up Chase’s property and placed a sign on a raft floating in a pond in the bank’s premises. The sign read: “Foreclosed: Chase sinks our economy.”..............................

Inside, several shareholders spoke out against the bank’s handling of mortgage foreclosures.

“As a person of faith, my God believes you shouldn’t take advantage of people when they are down,” said Dawn Dannenbring of the community group Illinois People’s Action, addressing CEO Jamie Dimon. “Do you believe in the same God I believe in?”

Dimon answered: “That’s a hard one to answer.”

WaPo

 




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