Forex Forum Archive for 01/16/2012

GVI Forex 23:56 GMT January 16, 2012
Forex News
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The euro hovered just above a 17-month trough against the dollar early in Asia on Tuesday after Standard & Poor's dealt the euro zone yet another blow by downgrading the credit rating of Europe's bailout fund.

FOREX NEWS -Euro holds off low for now; China data eyed

Hong Kong Qindex 23:49 GMT January 16, 2012
EUR/USD : Critical Point 1.2797

EUR/USD : The market is now trapped in the range of 1.2622 - 1.2664.


Qindex.com


http://www.youtube.com/watch?v=dZEGYpXE5B4

EUR/USD : Monthly Cycle Charts

Hong Kong Qindex 23:49 GMT January 16, 2012
EUR/USD : Critical Point 1.2797

EURUSD
Entry: Target: Stop:

EUR/USD : The market is now trapped in the range of 1.2622 - 1.2624.


Qindex.com


http://www.youtube.com/watch?v=dZEGYpXE5B4

EUR/USD : Monthly Cycle Charts

Hong Kong Qindex 23:43 GMT January 16, 2012
EUR/USD : Critical Point 1.2797

Sell EURUSD
Entry: Target: Stop:

EUR/USD : Critical Point 1.2584


The current expected trading range is 1.2561 - 1.2705. Barriers are located at 1.2563 - 1.2653 - 1.2680 - 1.2687 - 1.2693.


Qindex.com


http://www.youtube.com/watch?v=dZEGYpXE5B4

EUR/USD : Monthly Cycle Charts

Hong Kong Qindex 23:34 GMT January 16, 2012
EUR/CHF : Critical Point 1.2113
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EURCHF
Entry: Target: Stop:

EUR/CHF : Critical Point 1.2113


The market is going to consolidate between 1.2053 and 1.2113 for the time being.


Qindex.com


http://www.youtube.com/watch?v=dZEGYpXE5B4

EUR/CHF : Monthly Cycle Charts

philadelphia caba 23:21 GMT January 16, 2012
eur/chf

large option expiries later today at 12100

Lahore FM 23:18 GMT January 16, 2012
eurusd

another hour under 1.2670 would make the move below 1.2620 more certain

Lahore FM 23:16 GMT January 16, 2012
eurusd

JP my mistake.read that below 1.2620*

philadelphia caba 23:11 GMT January 16, 2012
eur/chf
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SNB has woke up? eur/usd - reports about heavy bids 1.2630 - 1.2600

GVI Forex john 22:40 GMT January 16, 2012
Calendar
Reply   


January 16 (global-view.com) UPCOMING DATA HIGHLIGHTS for Tuesday, January 17. Updated: Trading Events Calendar:

Far East: CN- Industrial Output, Retail Sales, GDP.

Europe: GB- CPI. DE- ZEW, EZ- CPI.

North America: US- Empire PMI. CA- BOC policy Decision.

Mtl JP 22:23 GMT January 16, 2012
eurusd

FM current quote is 1.2660ish

philadelphia caba 22:22 GMT January 16, 2012
long usd/jpy
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Buy USDJPY
Entry: 76.75 Target: 78.++ Stop: 76.55

fair r/r to go long on 1 & 2hr charts

Lahore FM 22:20 GMT January 16, 2012
eurusd
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a move below 1.2720 probably in the works just now.

Mtl JP 22:14 GMT January 16, 2012
Trade Talk- Whats Moving Markets

S&P is basically in the business grading toilet paper - something I do not imagine S&P ever imagined would find itself doing...

I am tempted to argue that canadian dollar (still graded at AAA) is therefore not going to be gradeable since our fearless geniuses at the BoC are printing their script on a polymer plastic (and therefore useless as toilet paper. incidentally also not recommended as cigar igniter)

GVI Forex john 22:03 GMT January 16, 2012
USD Pivot Points
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Pivots	EURUSD	USDJPY	USDCHF	GBPUSD	USDCAD	AUDUSD
Res 3	1.2763	77.56	0.9609	1.5440	1.0313	1.0449
Res 2	1.2725	77.33	0.9589	1.5396	1.0282	1.0393
Res 1	1.2700	77.04	0.9563	1.5364	1.0224	1.0360

Pivot	1.2662	76.81	0.9543	1.5320	1.0193	1.0304

Sup 1	1.2637	76.52	0.9517	1.5288	1.0135	1.0271
Sup 2	1.2599	76.29	0.9497	1.5244	1.0104	1.0215
Sup 3	1.2574	76.00	0.9471	1.5212	1.0046	1.0182

GVI Forex john 21:58 GMT January 16, 2012
News of the Day Forum
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Visit the G-V
News of the Day Forum

for an extract of relevant posts on the market news flow for the day. The real time extract is taken from the Forex Forum and GVI Forex. ALSO periodic bond yield updates from GVI. You can also find the link on the Forum Directory under the "FORUMS" or "Today's News" links at the top of our pages.

GVI Forex john 21:56 GMT January 16, 2012
Trade Talk- Whats Moving Markets

- Add to trading points below that S&P downgraded the EFSF by one notch on Monday, as expected. The debt of EFSF cannot be rated at a level higher than its constituent guarantors! Nevertheless AA+ is still a very respectable rating.

Cambridge Joe 21:30 GMT January 16, 2012
KaL's Trend and Level

Amen to that !...

http://youtu.be/SMNX11y0dVo

GVI Forex Blog 21:23 GMT January 16, 2012 Reply   
AUD/USD and NZD/USD outlook next 24 hours: The Australian data calendar is empty but NZ has a business confidence survey and electronic retail spending to watch today, as well as the Fonterra auction tonight. China data for GDP, industrial production and retail sales today will be important AUD momentum is fading but no reversal signals are yet apparent. We favour a test of 1.0255 minor support below today. Similarly, we expect NZD to test 0.7900.

Forex - Morning Report (Westpac)

GVI Forex john 21:04 GMT January 16, 2012
Trade Talk- Whats Moving Markets

• Key Items  CN- Data. GB/EU- CPI, DE- ZEW. US- Empire PMI, BOC. 

• Late Friday saw the long-awaited S&P downgrades of European sovereign debt. The highlight was the French downgrade from AAA to AA+ with a negative outlook.

• Tensions clearly have eased around European sovereign debt funding. tensions are turning to Greek sovereign debt issues. Big question immediately is the nature of a possible debt default and whether Greece will be able to stay in Eurozone over time.

• USD sentiment has been improving following the most U.S. employment data a week ago, although the latest data were mildly disappointing. The Markets are pricing in a U.S. economic recovery.

GVI Forex Blog 21:02 GMT January 16, 2012 Reply   
Key Items CN- Data. GB/EU- CPI, DE- ZEW. US- Empire PMI, BOC. Late Friday saw the long-awaited S&P downgrades of European sovereign debt. The highlight was the French downgrade from AAA to AA+ with a negative outlook. Tensions clearly have eased around European sovereign debt funding. tensions are turning to Greek sovereign debt issues. Big question immediately is the nature of a possible debt default and whether Greece will be able to stay in Eurozone over time.

Forex Trade Talk 00:00 GMT 17 January 2012

JERUSALEM KB 20:39 GMT January 16, 2012
Forex Trading Plan



USDCHF
Entry: Target: Stop:

usdchf h4 chart.
waiting for ress. breakout(h4 close above trend line) to go long

Open 20:23 GMT January 16, 2012 Reply   

Greece Edges Closer to a Default (video)

Boston eFX 20:18 GMT January 16, 2012
Euro Will Still Drive Sterling, Even If BoE Prints Again
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Here's a question for you. If the euro zone weren't having an endless debt crisis, and all else were equal, what would be the markets' number one economic worry?

Well it's probably a fair bet that the crippling debt of the U.K. would be close to the top of the list.

After all, the country vies with .....

Euro Will Still Drive Sterling, Even If BoE Prints Again (full story)

GVI Forex john 20:05 GMT January 16, 2012
Global-View.com Forex Heat Maps
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Be Sure to Refresh Forum Manually to Update Heat Map.

Saar KaL 20:01 GMT January 16, 2012
KaL's Trend and Level

added shorts Cable
God bless Dr. Martin L. King Dude
annnnnnnnnnnnd My trade

GVI Forex john 19:58 GMT January 16, 2012
USD
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GVI Forex john 19:54 GMT January 16, 2012
USD Moving Averages
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Quito Valdez 19:40 GMT January 16, 2012
EUR/CHF

Thanks caba...have a good week amigo.

philadelphia caba 19:21 GMT January 16, 2012
EUR/CHF

Valdez, I'd just wait till 1.2000-25-50..if seen and for market / SNB reaction.

Mtl JP 19:16 GMT January 16, 2012
Davos

dc CB and the rest of the plebs united they stand... in the un-employment line.
-
not going to change until sh!t starts to stick to central bankers.

dc CB 19:07 GMT January 16, 2012
Davos
Reply   


,,,,,,,,,,,,,,,,,,,,,

GVI Forex john 18:44 GMT January 16, 2012
Trade Talk- Whats Moving Markets

-- Market-Moving News --
€/$ spikes then falls after S&P downgrades EFSF one notch to AA+. Not surprising after Friday national downgrades.

Quito Valdez 18:37 GMT January 16, 2012
EUR/CHF
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EUR/CHF longs very disappointing. Are we to think SNB is NOT going to keep the trend of interventions to stave off a CHF safehouse status? 350 pips higher than today's value is the resistance SNB apparently sought. Previously, it took only two weeks in a row at slightly above today's level of 1.2086 and SNB intervened to 1.24s. It would seem with the tale of woe coming out of EZ-S&P fracus last week that SNB would be more watchful of a plunge in EUR/CHF.

Any thoughts before I douse my longs? I posed the question last week but as far as I know got no useful response.

Chuck

Quito Valdez 18:32 GMT January 16, 2012
Swiss, EZ, U.S. IRS
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I got a phone call a coupel days ago from a very savy person I've known since the early 80s who has invested in interest bearing instruments in a fiduciary bank in Geneva Switzerland years ago and continues to, and is on a 1st name basis with his banker..constant communication.

"Chuck, my banker called yesterday saying that the USA has compiled an aid package for the EZ. In order for the aid package to be "delivered", the U.S. IRS gets privy to all U.S. citizen's names who have interest bearing accounts in Switzerland, bar none." He went on to say his bankers said words to the effect that "I have billions of US dollars to get rid of in one week, returning it to my U.S. clients before the IRS gets here and they are hopping all over Switzerland as I talk to you."

Switzerland's main product is bankingas anyone knows, and the EZ is a major money source. The EZ needs that U.S. aid package desperately. So desperately that Switzerland doused all banking laws of secrecy a week ago to comply with the U.S. IRS stipulation (string attached) of getting USA citizen's and corporations' names, so that EZ gets the aid package...or else Switzerland may have to do without a huge chunk of EZ business if the aid pacakge is withheld by the USA. That would clout Switzerland immensely. Hence the compliance with uncle Sam.

Less places to hide anymore. Just a heads up for those who haven't found out yet. I realized the banking secrecy policies once held by Swiss bankers were eventually going to erode hence I never hid money there from tax liabilities I had. Tah da!

Dubai SAS 18:24 GMT January 16, 2012
Long USDCAD
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Buy USDCAD
Entry: 1.0174 Target: Open Stop: 1.0080

Long now, looking to add lower if seen ...

GVI Forex john 18:11 GMT January 16, 2012
FX Database
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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.

Quito Valdez 18:11 GMT January 16, 2012
good treatises on Au
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Click this LINK for a series of MP3 intervies by Eric King with precious metals experts.

When you click on a link and the page appears in your browser, look down and on the left for the purple podcast icon that says "Listen to MP3 Click here" to hear the broadcast.

Basically the experts are saying buy the dip/consolidation for a long term bid that's going to happen for many factors discussed.

The recent EZ downgrades rallied USD somewhat with the "no place to hide" mode we're in now..seemingly raised USD and offered in that gain by USD, a resistance or temporary lackluster to precious metals.

GVI Forex Blog 18:02 GMT January 16, 2012 Reply   
18:00 GMT (Global-View.com) January 16- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is ending Monday in North America at .5268, -0.35% from its Friday close (-2.09% vs. end-2010).

Global-View D.O.G. Index January 16, 2011 U.S. Close

GVI Forex john 17:59 GMT January 16, 2012
Global-View D.O.G. Index
Reply   
18:00 GMT (Global-View.com) January 16- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is ending Monday in North America at .5268, -0.35% from its Friday close (-2.09% vs. end-2010).

As for its key subcomponents, the USD forex purchasing power index is .7876, -0.08% (+1.21% vs. end-2010). The forex index is value is calculated against the top six trading currencies.

Against gold, the USD purchasing power index is worth .1752, -0.72% (-13.64% ytd).

Against crude, it is at 0.4473, -1.46% (-8.28% end-2010). The D.O.G. Index base is 1.00. It is measured against levels from the start of 1999, as of the initial launch of the euro (currency).

D.O.G. Homepage

Vancouver M 17:49 GMT January 16, 2012
EUR-USD
Reply   


Trade Set-Up
Entry: Target: Stop:

Last week worked out as charted .Another week watch vip the perf own errors dry try reach 50% fibo lvl. bias tow cruise it!

GVI Forex john 17:11 GMT January 16, 2012
Calendar
Reply   


January 16 (global-view.com) UPCOMING DATA HIGHLIGHTS for Tuesday, January 17. Updated: Trading Events Calendar:

Far East: CN- Industrial Output, Retail Sales, GDP.

Europe: GB- CPI. DE- ZEW, EZ- CPI.

North America: US- Empire PMI. CA- BOC policy Decision.

Boston eFX 17:01 GMT January 16, 2012
Goldman Sachs: Cash Inflows Argue For Stronger EUR
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Cash inflows argue for stronger EUR, Goldman says, as the euro zone has recorded strong net cash inflows from the rest of the world over the second half of the year.

"The level of inflow is among the highest on record on a three-month moving average," Goldman Sachs says, adding that....

Goldman Sachs: Cash Inflows Argue For Stronger EUR (full story)

GVI Forex john 16:51 GMT January 16, 2012
Global-View.com Forex Heat Maps
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Be Sure to Refresh Forum Manually to Update Heat Map.

dc CB 16:15 GMT January 16, 2012
COT
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Yen futures

philadelphia caba 15:11 GMT January 16, 2012
usd/jpy
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Yen Speculative Longs at Highest level Since March 2008
The speculative long Yen position is the largest since March 2008. The usd/jpy rallied nearly 1500 pips (low to high) from March to August 2008.

Boston eFX 14:50 GMT January 16, 2012
CHARTING EUROPE: EUR/JPY To Extend Downtrend To 88.93
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The powerful EUR/JPY downtrend remains on course for the 88.93/89.50 support cluster, as the 100.00 level has been decisively broken.

Friday's bearish outside day reversal has extended into fresh eleven-year lows, and the bear wave from the April 2011 lower reaction high at 123.33 is sub-dividing below 100.77.

Last week's break below 100.77 confirmed the .....

CHARTING EUROPE: EUR/JPY To Extend Downtrend To 88.93 (full story)

dc CB 14:36 GMT January 16, 2012
Overnight Long/Intraday Short Gold
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Back in August 2010, we presented an idea proposed by our friends at SK Options trading for a very simple trading strategy: being long gold in the overnight session, and shorting it during the day. At the time of writing, such a strategy would have returned $2.16 billion from a $100 million initial investment in 10 years, a 37.46% annualized return. Today, we provide a much needed follow up to this quite stunning divergence. As SK notes: "we have revisited the article and written an update. Not only does the discrepancy still exist but it has been actually increasing. That fund would now be worth $5.26B, way up from $2.16B when we last wrote about it - in other words an increase of 143% in just over a year.

When we wrote about this in August 2010, the annualized return of the Long Overnight/Short Intraday gold index was 37.46% since the start of 2001. However if we measure from now the annualized return since 2001 is 43.24%, with the annualized return of the Long Overnight/Short Intraday gold index standing at roughly 64.4% since 2009."

ZH

Mtl JP 14:28 GMT January 16, 2012
French Auction

On what should be relatively quiet day, Draghi's is scheduled to speaks at EU parliament meeting at 18:00gmt.

As the "Systemic Risk Head" he has the potential to "semmer de la merde" with his yak.

MLT PA 13:14 GMT January 16, 2012
French Auction
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eur/usd: currently trading sideways as traders await the French auction results. France aims to auction 8.7 billion euros at 3 p.m. Paris time today.

Lahore FM 13:14 GMT January 16, 2012
" Trade Ideas "

Buy USDCAD
Entry: 1.0206 Target: 1.0600 Stop: 1.0180

bought some with tight stop.

holding some from earlier at current levels too but different wider no rigid sl.

Saar KaL 13:09 GMT January 16, 2012
KaL's Trend and Level

added more gold here

XAU/USD 1,702.0435 1,640.3663

msa nsm 13:03 GMT January 16, 2012
intraday
Reply   
just some few minutes away from the charts and bam! the trade opportunity is gone, and sometimes stick to the screen for hours and hours waiting for the entry but still lagging, tough times. ;-(

GVI Forex john 12:55 GMT January 16, 2012
Trade Talk- Whats Moving Markets

DX +14

S&P futures -2.5

EURUSD to S&P futures correlation tight today. It has been working better recently outside of U.S. hours.

Saar KaL 12:29 GMT January 16, 2012
KaL's Trend and Level

I Loe Thai Food
but
when a thai waiter asks you if you want spicy....Never say yes...
in his mind...he thinks anyone can handle it
Those Thai Chills should only exist in NASA Rocket Energy Systems to da shuttle next Green Mission to da universe
Just Major Stuff

msa nsm 12:15 GMT January 16, 2012
intraday

thanks, just have to keep a watchful eye, hehe!

GVI Forex john 12:10 GMT January 16, 2012
Trade Talk- Whats Moving Markets
Reply   

• Key Items  U.S.- Holiday. 

• Late Friday saw the long-awaited S&P downgrades of European sovereign debt. 

• The highlight was the French downgrade from AAA to AA+ with a negative outlook. Austria went to AA+., Spain was reduced to AA- from A, Italy was knocked down one notch to BBB+, and Portugal was rated as junk. The German debt rating was left at AAA with a stable outlook. 

• While just about everyone was downgraded, the downgrades generally were not by as much as feared. Tensions clearly have eased around European sovereign debt funding.

• USD sentiment has been improving following the most U.S. employment data a week ago, although the latest data were mildly disappointing. The Markets are pricing in a U.S. economic recovery.

Saar KaL 12:03 GMT January 16, 2012
intraday

for today

GBP/CHF 1.4712 1.4341
just depends if it over does it or under does it

GVI Forex john 12:01 GMT January 16, 2012
Global-View D.O.G. Index
Reply   

Be Sure to Refresh Forum Manually to Update Heat Map.

Saar KaL 12:01 GMT January 16, 2012
intraday

msa
what i got
is that it will "Within reason" can not close lower then
1.4690 this friday and
not above 1.5066
GBP/CHF 1.5066 1.4691 Buy
lets wait for the unlikely to happen...what do you say?

London Misha 11:56 GMT January 16, 2012
Observations
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EURUSD - Big Key Reversal Down on Daily Chart but possible Bullish Inverted Hammer on Weekly Chart.
USDJPY - Key Reversal Up on Daily Chart (just!).
GBPUSD - Technically it is a Key Reversal Down on Daily Chart but see it more as a Spinning Top.
USDCHF - Possible Bullish Pipe Bottom & Ascending Triangle/Wedge formation on Daily Chart.
EURGBP - Big Key Reversal Down on Daily Chart. Possible Bullish Tweezer Bottom on Weekly Chart.
EURJPY - Big Key Reversal Down on Daily Chart. Gravestone Doji on Weekly Chart.
USDCAD - Possible Pipe Top on Weekly Chart.

msa nsm 11:55 GMT January 16, 2012
intraday

sorry that is short term, long term range from 1.4695, gl

Saar KaL 11:53 GMT January 16, 2012
intraday

Placed a Buy

GBP/CHF 1.4710 1.4340
approximate
week close

GBP/CHF 1.5066 1.4691 Buy
told you i try to tell what can not happen...
so...give me some slack bro
hehehehe

Saar KaL 11:51 GMT January 16, 2012
KaL's Trend and Level

Maybe Zoro was an Arab Nomad....hmmm
gotta check that one out...google it!!

msa nsm 11:50 GMT January 16, 2012
intraday

KaL, gbpchf, looking for 1.4648, do you think will happen soon?

Saar KaL 11:49 GMT January 16, 2012
KaL's Trend and Level

Arabs Suck...they intro a Number called zero
I don Like that...my account is near dat...LOL

Saar KaL 11:46 GMT January 16, 2012
KaL's Trend and Level

as a mathematical modeler...it's no longer that i am trying to predict what will happen...my attitude (nothing to do with Math) is what can not happen within reason...if the the unlikely happened...then the other-way is what will ...funny Murphy's paradox type deal...maybe?.. :(

just as good as what what will...LOL..sounds funny

msa nsm 11:41 GMT January 16, 2012
intraday

eurusd looking for 1.2817 for short, and not sure where to long gbpcad, think will wait for a daily close above 1.5646, looks like a good level?

msa nsm 11:41 GMT January 16, 2012
intraday

eurusd looking for 1.2817 and not sure where to long gbpcad, think will wait for a daily close above 1.5646, looks like a good level?

GVI Forex Blog 11:33 GMT January 16, 2012 Reply   
11:30 GMT (Global-View.com) January 16- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is opening Monday in North America at .5275, -0.21% from its Friday close (-1.95% vs. end-2010).

Global-View D.O.G. Index January 16, 2011 U.S. Open

Saar KaL 11:33 GMT January 16, 2012
KaL's Trend and Level

us housing index
although some temp bullishness will happen for a few month
payback time is on the menu
Just over did it for many years
it owes some more still
not a good idea to buy at least till the end of 2013
sell your house and Mama
Open account with GVI
and short DJI in a 5 month

GVI Forex john 11:30 GMT January 16, 2012
Global-View D.O.G. Index
Reply   
11:30 GMT (Global-View.com) January 16- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is opening Monday in North America at .5275, -0.21% from its Friday close (-1.95% vs. end-2010).

As for its key subcomponents, the USD forex purchasing power index is .7886, +0.04% (+1.34% vs. end-2010). The forex index is value is calculated against the top six trading currencies.

Against gold, the USD purchasing power index is worth .1751, -0.82% (-13.72% ytd).

Against crude, it is at 0.4490, -1.09% (-7.93% end-2010). The D.O.G. Index base is 1.00. It is measured against levels from the start of 1999, as of the initial launch of the euro (currency).

D.O.G. Homepage

GVI Forex Jay 11:30 GMT January 16, 2012
Update
Reply   
Some of you have noticed we have had a few issues with our site this past week and if for some reason we experience it again, it is only temporary as our tech engineers are working diligently to resolve the issues. These are not major and please be patient if they do occur again. In 15 years on the web, we have always prided oursleves on not only creating the highest quality discussion site anywhere but also reliability of performance. This will not change.

Israel Dil 11:27 GMT January 16, 2012
markets reversal
Reply   

current trends will turn when USD/CHF will trade around 0.97 area, allow roughly 2%-3% flexibility around that level.

that means ALL current trends will all currencies.


MM

GVI Forex 11:26 GMT January 16, 2012
Forex News
Reply   
The euro held near a 17-month low versus the dollar and hit a 11-year low against the yen on Monday on worries mass downgrades of euro zone states and a Greek debt stand-off may aggravate the region's debt crisis.

FOREX NEWS - Euro near 17-mth low vs dlr after S&P downgrades

Saar KaL 11:24 GMT January 16, 2012
KaL's Trend and Level

GBPCHF
IMO is probably the best if you want to pos and hang there for a while


GBP/CHF 1.4710 1.4339
for today
I suggest the above range

GVI Forex Blog 11:23 GMT January 16, 2012 Reply   
Key Items U.S.- Holiday. Late Friday saw the long-awaited S&P downgrades of European sovereign debt. The highlight was the French downgrade from AAA to AA+ with a negative outlook. Austria went to AA+., Spain was reduced to AA- from A, Italy was knocked down one notch to BBB+, and Portugal was rated as junk. The German debt rating was left at AAA with a stable outlook.

Forex Trade Talk 11:00 GMT 16 January 2012

Saar KaL 11:21 GMT January 16, 2012
intraday

gbpcad
will do the major part this week
worth watching

GVI Forex Blog 11:19 GMT January 16, 2012 Reply   
The Euro was steady for the bulk of the European morning following the multi-country sovereign downgrade by S&P after the market close on Friday. The EUR/USD managed to hold above the lows established on Friday of 1.2622. The EUR/JPY cross did hit fresh 11-year lows during the Asian session at 97.04

TradeTheNews.com European Market Update: Europe weathers the initial effects of the multi-country sovereign downgrade by S&P after the close last Friday; Moody's still assessing France's stable outloo

GVI Forex Jay 11:16 GMT January 16, 2012
Forex Weathermap - EURUSD
Reply   
At this time last week, I wrote, It looks like just about everyone with a chart has the same level as a target, which we show at 1.2587 (see chart). This along with 1.25 are key levels and the question seems to be whether the market makes a straight line at them or reverts to form with some backing and filling to shake out weak shorts before making the run. With this week seeing the market come back to full liquidity, watch the reaction to news as it will give a clue as to whether the eurusd makes a straight run or not.

Forex Weathermap - EURUSD

Saar KaL 11:13 GMT January 16, 2012
intraday

you bet
orders

EUR/USD 1.2816 1.2410
heading to 1.20

msa nsm 11:06 GMT January 16, 2012
intraday
Reply   
Sell EURUSD
Entry: Target: Stop:

sell on rallies still does the trick. gl

Saar KaL 10:55 GMT January 16, 2012
KaL's Trend and Level

NZDUSD Bulish
Cable and EURUSD Bearish
funny

Saar KaL 10:39 GMT January 16, 2012
KaL's Trend and Level

EURGBP is not for all week
with current levels
all week positions is 3rd column

EUR/USD 1.2719 1.2314
USD/JPY 77.1607 76.2492
GBP/USD 1.5555 1.5258
USD/CHF 0.9817 0.9498
AUD/USD 1.0491 1.0163
USD/CAD 1.0401 1.0125
NZD/USD 0.8127 0.7840
EUR/GBP 0.8241 0.8056 Sell
EUR/JPY 97.1905 94.8460 Sell
GBP/JPY 119.0911 117.0974
GBP/CHF 1.5060 1.4686 Buy
GBP/CAD 1.5986 1.5618
GBP/NZD 1.9160 1.8717 Sell
GBP/AUD 1.5102 1.4731
NAS100 2461.915341 2402.235304 Buy
SPX500 1,328.5056 1,294.5106 Buy
US30 12,702.4522 12,404.8948
USOil 106.9265 99.1056
XAU/USD 1,727.0048 1,664.1126 Buy
XAG/USD 32.8868 30.0523 Buy

Syd 10:36 GMT January 16, 2012
Pimco’s Gross Says Greece Heading for Default as S&P Cuts European Ratings
Reply   
The downgrade of European ratings by Standard & Poor’s last week shows countries can fail to meet their debt obligations, Gross said in a Twitter posting. Greece will prove to be the latest example, Gross wrote.

Bloomberg

Saar KaL 10:34 GMT January 16, 2012
KaL's Trend and Level

doing some longies
EUR/GBP 0.8464 0.8275 Buy

Syd 10:33 GMT January 16, 2012
Syd
Reply   
Europe Crisis May Lead to Double-Dip World Recession: Li Wei via BBG

GVI Forex Blog 10:29 GMT January 16, 2012 Reply   
(AU) AUSTRALIA NOV HOME LOANS M/M: 1.4% V 1.0%E (8th consecutive increase); INVESTMENT LENDING: 1.8% V -5.0% PRIOR; OWNER-OCCUPIED HOME LOAN VALUE: 2.2% V -0.5% PRIOR - (JP) JAPAN DEC DOMESTIC CGP

TradeTheNews.com Asian Market Update: Markets tumble on EU downgrades, Australia home loans climb for the 8th month

Boston eFX 10:25 GMT January 16, 2012
EUR Downside Pressure Building -Morgan Stanley
Reply   
(Dow Jones via eFXnews) EUR Downside pressure building says Morgan Stanley and the latest round of credit downgrades from the S&P will likely trigger a further adjustment in international investors' portfolios.

"There is ....

EUR Downside Pressure Building -Morgan Stanley (full story)

Boston eFX 10:20 GMT January 16, 2012
CHARTING FOREX: Dollar Bullish Vs EUR, GBP, CHF This Week
Reply   
(Dow Jones via eFXnews) The following is a technical analysis of seven major currency pairs for this week:

EUR/USD

1st support - 1.2624 (minor)
1st resistance - 1.2874 (minor)
2nd support - 1.2588 (moderate)
2nd resistance - 1.3077 (minor)


EUR/USD is likely to trade with risks skewed to the downside this week after hitting a near-17-month low of 1.2624 on Friday, as long as the pair stays below Friday's reaction high of 1.2874. The five- and 15-day moving averages are.......

CHARTING FOREX: Dollar Bullish Vs EUR, GBP, CHF This Week

User 09:46 GMT January 16, 2012 Reply   

Track FM's Robots

Ind! Rafe... 09:37 GMT January 16, 2012
GBPUSD
Reply   
GBPUSD 1.5512 1.5372 1.5236 1.5096

Saar KaL 09:29 GMT January 16, 2012
KaL's Trend and Level

sp 500 is great long guys

philadelphia caba 08:58 GMT January 16, 2012
eur/jpy

JAPAN VICE FM IGARASHI - NEED TO WATCH EURO CLOSELY, NOT TIME TO TAKE ACTION
Igarashi: Recent Euro/Yen Moves A Bit Rapid
Igarashi: To Monitor Euro/Yen Moves Closely
Igarashi: To Check How Long Euro/Yen Weakness To Continue

msa nsm 08:45 GMT January 16, 2012
KaL's Trend and Level

thanks KaL, gl

Saar KaL 08:37 GMT January 16, 2012
KaL's Trend and Level

msn
I think will start longing from around 1.87 area for gbpnzd

Saar KaL 08:34 GMT January 16, 2012
KaL's Trend and Level

I Know
It's the one with major error
i am shorting though
now at 12 sigma
the posts are at 2 sigma
this will happen once in a while

msa nsm 08:29 GMT January 16, 2012
KaL's Trend and Level

hi Kal,
looking for a test of 1.9130 where i believe it will be rejected, then go long with a daily close after test of said level as posted saturday. same boat. gl
_____________________

GBP/NZD 1.9036 1.8594

msa nsm 08:24 GMT January 16, 2012
intraday

order triggered.

_____________

Sell AUDUSD
Entry: 1.0313 Target: open Stop: 1.0338

if seen, looking to sell at 76.4 retrace. gl

Saar KaL 08:19 GMT January 16, 2012
KaL's Trend and Level

PI for next day
keeping lots of eurusd shorts till lower
sold more cable today
+ Longed gold and silver

GBPCAD, GBPNZD and GBPAUD will reverse during the week

EUR/USD 1.2824 1.2418
USD/JPY 77.3386 76.4316
GBP/USD 1.5330 1.5029
USD/CHF 0.9722 0.9406
AUD/USD 1.0488 1.0163
USD/CAD 1.0310 1.0039
NZD/USD 0.8202 0.7916
EUR/GBP 0.8425 0.8237
EUR/JPY 98.1929 95.8406
GBP/JPY 117.7478 115.7308
GBP/CHF 1.4698 1.4328
GBP/CAD 1.5633 1.5272
GBP/NZD 1.9036 1.8594
GBP/AUD 1.4878 1.4514
NAS100 2424.522247 2365.904823
SPX500 1,321.5283 1,287.3903
US30 12,629.2438 12,331.4217
USOil 104.7209 96.9620
XAU/USD 1,701.3725 1,639.7115
XAG/USD 32.2292 29.4559


====
PI for friday

EUR/USD 1.2719 1.2314
USD/JPY 77.1704 76.2594
GBP/USD 1.5546 1.5249
USD/CHF 0.9817 0.9498
AUD/USD 1.0490 1.0162
USD/CAD 1.0398 1.0122
NZD/USD 0.8132 0.7845
EUR/GBP 0.8245 0.8060
EUR/JPY 97.2010 94.8570
GBP/JPY 119.0393 117.0450
GBP/CHF 1.5050 1.4676
GBP/CAD 1.5973 1.5605
GBP/NZD 1.9157 1.8715
GBP/AUD 1.5094 1.4724
NAS100 2461.049097 2401.393676
SPX500 1,328.3149 1,294.3334
US30 12,699.8441 12,402.4307
USOil 106.8546 99.0407
XAU/USD 1,726.0684 1,663.2278
XAG/USD 32.8616 30.0300

makassar alimin 07:49 GMT January 16, 2012
buy buy buy euro

careful IMO, pump and dump....

msa nsm 07:46 GMT January 16, 2012
intraday
Reply   
Sell AUDUSD
Entry: 1.0313 Target: open Stop: 1.0338

if seen, looking to sell at 76.4 retrace. gl

kl shawn 07:43 GMT January 16, 2012
buy buy buy euro
Reply   
buy euro now and thank me later ;)
stop should be safe at 1.2580 for now

kl fs 07:37 GMT January 16, 2012
AUDUSD

Rafe, i like that 1.05 for aud soon, say by thursday
looks like 1.0231 was rock-solid support

Cambridge Joe 07:33 GMT January 16, 2012
Britain, HK to develop London as yuan trading hub
Reply   
Britain, HK to develop London as yuan trading hub

Associated Press – 1 hr 2 mins ago
Email

Print
RELATED CONTENT


British Treasury chief George Osborne speaks to media at the Asian Financial Forum …

British Treasury chief George Osborne speaks to media at the Asian Financial Forum …
HONG KONG (AP) — British and Hong Kong leaders said Monday they will team up to develop London into an international trading center for China's currency.
British Treasury chief George Osborne said in Hong Kong that his trip to Asia this week, which also includes stops in Beijing and Tokyo, furthers dialogue with Chinese authorities and Chinese and British banks "on establishing London as a new hub for the renminbi market as a complement to Hong Kong."
Hong Kong's leader, Chief Executive Donald Tsang said a new private sector-led group will be set up to look at strengthening ties between Hong Kong and London in terms of settlement systems, market liquidity and the development of renminbi financial products.
Beijing is promoting the international use of the renminbi, also known as the yuan. It's also promoting Hong Kong, a semiautonomous Chinese territory with its own financial system and currency, as an offshore trading center for the yuan.
Last year, yuan-denominated bank deposits in Hong Kong doubled to 630 billion renminbi ($100 billion) as savers sought higher returns from the yuan, which has been strengthening 4-5 percent a year.
Beijing would like to see the currency become an alternative to the dollar, although tight capital controls limit its circulation overseas.
"It's clear that there's scope for substantial expansion of the renminbi market in coming years," said Osborne, who was speaking at a financial conference.
He said that in June 2011, China's share of world trade was 11 percent but the yuan's share of global foreign exchange trading last year was only 0.9 percent.

http://news.yahoo.com/britain-hk-develop-london-yuan-trading-hub-035652502.html

Ind! Rafe... 07:23 GMT January 16, 2012
AUDUSD
Reply   
AUDUSD 1.0527 1.0377 1.0231 1.0081

hk ab 07:17 GMT January 16, 2012
US-bonds
Reply   
Maybe it's the golden chance for China to dumb the rubbish 10yr and 30yr when everyone is so hyper to buy use and T-bonds.......

China just have too many to shed away......imvho.

Ind! Rafe... 07:02 GMT January 16, 2012
USDCHF
Reply   
Buy USDCHF
Entry: 9576 Target: 9746 Stop:

USDCHF 0.9746 0.9576 0.9406 0.9236

Honky G 06:45 GMT January 16, 2012
sell usd, buy aud and euro

Lets see how euryen travels after European equity open... the stops sub 97.00 too close not to get loved.

kl fs 05:38 GMT January 16, 2012
sell usd, buy aud and euro

euro may be weaker but definitely supported
aud is the BEST BUY if one is playing short usd
in fact, betting that audusd will not go lower than 1.0180 anymore!!
clear chart pattern

kl fs 03:53 GMT January 16, 2012
sell usd, buy aud and euro
Reply   
eurjpy 97 will be defended, so will eurchf 1.20 and euro 1.26
buy audusd as well in 1.02
all offer very good r/r
sell usd with confidence!

Boston eFX 03:46 GMT January 16, 2012
$100/bbl Magnetic For Crude This Week -Ritterbusch
Reply   
(Dow Jones via eFXnews) Traders should look for the $100 mark for the front-month West Texas Intermediate crude contract to act as a magnet through this week's trade, despite the 16-month low touched by the euro following Standard & Poor's decision to downgrade France's credit rating, says Jim Ritterbusch, president of Ritterbusch & Associates.

In a note, Ritterbusch says....

$100/bbl Magnetic For Crude This Week -Ritterbusch (full story)

Open 02:16 GMT January 16, 2012 Reply   

EUR/USD Daily Asia Outlook 01/16

Open 02:16 GMT January 16, 2012 Reply   

GBP/USD Daily Asia Outlook 01/16

Open 02:16 GMT January 16, 2012 Reply   

USD/CAD Daily Asia Outlook 01/16

Open 02:16 GMT January 16, 2012 Reply   

USD/CHF Daily Asia Outlook 01/16

GVI Forex 02:04 GMT January 16, 2012
Forex News
Reply   
The euro eased in early Asian trade on Monday and looked set to stay under pressure after Standard & Poor's mass downgrade of euro zone countries late last week, including France, dealt the region another setback.

FOREX NEWS - Euro shaky after mass ratings downgrade, outlook poor

Mtl JP 01:44 GMT January 16, 2012
eur/jpy

thks caba 01:37 - sounds like a serious bet.
should be well defended

philadelphia caba 01:37 GMT January 16, 2012
eur/jpy
Reply   
there is a large option barrier reported at 97.00 with massive stop-loss sell orders just below..talk about almost EUR10 billion in stop-loss sell orders..(just sharing...but might be worth it)

Boston eFX 01:21 GMT January 16, 2012
FX Intervention Slides, To Weigh On EUR/USD -Nomura
Reply   
(Dow Jones via eFXnews) A slowing trend of global central bank FX intervention is just the latest sign of more weakness ahead for the EUR/USD, says Nomura FX strategist Jens Nordvig.

The strategist says global central bank FX intervention totaled just $84 billion in 4Q 2011, its lowest level since 1Q 2009. At the same time, G10 reserve accumulation accounted for all intervention in the quarter, with emerging markets non-existent.

"Since overall EUR/USD .....

FX Intervention Slides, To Weigh On EUR/USD -Nomura (full story)

Melbourne Qindex 00:57 GMT January 16, 2012
EUR/USD : Critical Point 1.2797

EURCHF
Entry: Target: Stop:

philadelphia caba 00:48 GMT : EUR/CHF : I guess the market will penetrate through 1.2053 and test the critical levels at 1.1988 - 1.2000

EUR/CHF : Monthly Cycle Charts

philadelphia caba 00:48 GMT January 16, 2012
EUR/USD : Critical Point 1.2797

Qindex, what's the implication for eur/chf than? tia

Mtl JP 00:48 GMT January 16, 2012


Qindex 00:44 that would probably not make Timmy, Ben and the rest of the gang too happy, so one needs to be at least alittle bit careful with usd enthusiasm :-)

Melbourne Qindex 00:44 GMT January 16, 2012
EUR/USD : Critical Point 1.2797

EURUSD
Entry: Target: Stop:

Mtl JP 00:40 GMT January 16 : EUR/USD : I guess the market will test 1.20 at the end of the month.

Mtl JP 00:40 GMT January 16, 2012
EUR/USD : Critical Point 1.2797

Thanks Qindex ! taking u up on it

Melbourne Qindex 00:38 GMT January 16, 2012
EUR/USD : Critical Point 1.2797

EURUSD
Entry: Target: Stop:

EUR/USD : 1.2654 is a resistant barrier

Syd vm 00:32 GMT January 16, 2012
buy audusd

lol..good luck...just save your money.aud is a sell

Melbourne Qindex 00:30 GMT January 16, 2012
EUR/USD : Critical Point 1.2797

Sell EURUSD
Entry: Target: Stop:

EUR/USD : The odds are in favour of opening a short position when the market is trading below the critical range of 1.2665 - 1.2705.


Qindex.com


http://www.youtube.com/watch?v=dZEGYpXE5B4

EUR/USD : Monthly Cycle Charts

kl shawn 00:27 GMT January 16, 2012
buy audusd
Reply   
adding audusd long 1.0267 wide stop 1.0177, trying to build up position

Melbourne Qindex 00:26 GMT January 16, 2012
EUR/GBP : Critical Point 0.8198
Reply   
Sell EURGBP
Entry: Target: Stop:

EUR/GBP : The bias is on the downside when it is below the barrier at 0.8272 // 0.8284.


Qindex.com


http://www.youtube.com/watch?v=dZEGYpXE5B4

EUR/GBP : Monthly Cycle Charts