Forex Forum Archive for 01/21/2012

GVI Forex Blog 21:05 GMT January 21, 2012 Reply   
Europe's leaders are committed to keeping both the euro and the eurozone as it is. But for it to do so, everything must change, as the wonderful quote from the 1958 Italian novel suggests. This is no easy task, as no one wants a change that will impact them negatively; and there is no change that will allow things to stay the same that does not impact all severely, as we will see. In the third part of a continuing series, we look at the actual options that are available

Staring into the Abyss (Mauldin)

GVI Forex john 17:51 GMT January 21, 2012
Pip Trading
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1/20/2012	Weekly Ranges (pips)				
 	USDJPY	USDCAD	AUDUSD	NZDUSD	
1/20/12   77	184	238	170	
1/13/12	  41	182	235	214	
1/6/12    74	198	194	145	
12/30/11 121	146	226	163	
4wk avg	  78	178	223	173	
	EURUSD	EURJPY	EURCHF	EURGBP	
1/20/12	 362	327	65	123	
1/13/12	 255	161	101	155	
1/6/12	 380	235	70	134	
12/30/11 227	238	117	92	
4wk avg	 306	240	88	126	
	USDCHF	GBPUSD	GBPJPY	CHFJPY	GBPCHF
1/20/12	 270	280	261	276	234
1/13/12	 190	267	183	145	338
1/6/12	 276	295	161	184	281
12/30/11 152	330	285	150	197
4wk avg	 222	293	223	189	263

GVI Forex john 14:27 GMT January 21, 2012
USD Pivot Points
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Week-long perspective...

Syd 02:17 GMT January 21, 2012
Corzine Is Sued Under Racketeering Law by MF Global’s Commodity Customers
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Jon Corzine, MF Global Holdings Ltd. (MFGLQ)’s former chief executive officer, was sued under U.S. racketeering law by commodity customers alleging he and other executives “unlawfully” took money from their accounts and failed to segregate their money as the law requires.

The suit alleges that hundreds of millions of dollars were transferred from customers’ accounts to other MF Global units, at a time when the company was short of cash and faced calls for collateral as its risky Eurobond and other investments fell in value

Named in the suit, JPMorgan Chase & Co., the company’s banker, should have noticed the “depletion” of customer money, and should have investigated, according to the plaintiff. The customers are seeking unspecified restitution and damages

Dillon AL 02:17 GMT January 21, 2012
Videos

Weekly setup videos for the EUR/USD and GBP/USD

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