Forex Forum Archive for 01/13/2013

GVI Forex Blog 23:15 GMT January 13, 2013 Reply   
NZD and AUD outlook: The NZ calendar today has electronic spending and possibly REINZ housing data, all minor for markets. Australia data is also minor and includes housing finance and an inflation gauge. Fedspeak tonight from Bernanke and other doves should attract attention.

Forex - Morning Report

KL KL 22:52 GMT January 13, 2013
Short Eurusd
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Entry: 1.3362 Target: Stop:

..the sham starts again... Shorting juicy eurusd now 1.3362...adding every 2-5 pips up and coverin on 7-15 pips after all the relentless add.... Lunched Armada Account to battle Starship CB, Banks, IMF, BOJ, FED, RBA...and all those Ponzi money printers....the Chaos is about to start again.....be fearful ....be scared...an Omen is brewing.....LOL

Cheap words can move markets....lets see if Ninja can replicate words to bring in pips....LOL

GVI Forex john bland 21:56 GMT January 13, 2013
Calendar
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January 13, 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Monday, January 14. Updated: Trading Events Calendar

HIGH IMPACT RELEASES: EZ- Industrial Output.

• Far East: No Major Data.
• Europe: EZ- Industrial Output.
• North America: No Major Data.

ed kw 21:47 GMT January 13, 2013
aud,kiwi
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Both remained firm on the yen as the bank of Japan comes under intense pressure to reflate the Japanese economy. Aussie holds around 94.04 yen early, not far from a four-year peak of 94.51 struck last week.
Both remained firm on the yen as the bank of Japan comes under intense pressure to reflate the Japanese economy. Aussie holds around 94.04 yen early, not far from a four-year peak of 94.51 struck last week.

* Kiwi last at 74.61 against last week's 75.39 yen, its highest since Sept 2008.

* Japan is Australia's second largest export market and fourth for New Zealand, so any pickup in growth there would likely be good for trade.

http://www.lse.co.uk/fx/fxnews.asp?ArticleCode=shc04h45txd98h5&sc= TR&ArticleHeadline=aussie_&_nz_dlrs _retreat_on_advancing_euro_but_firm_vs_yen

Syd 21:06 GMT January 13, 2013
Aaron Swartz "How we stopped SOPA"
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dc CB 18:10 GMT January 13, 2013

Suicide ??? !!!

Syd 21:04 GMT January 13, 2013
US LNG surge could hurt Australia: report
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Australia stands to lose out if liquefied natural gas production increases in the United States, because of the high rate of export displacement as a result of the high cost of building new projects

The LNG surge is America is also being aided by a glut of shale gas.

Syd 20:39 GMT January 13, 2013
Now it's Japan's turn: Honda in latest scare story over UK relationship to Brussels
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It's been quite a week for the British debate on our relationship with Europe. Scare stories all over the place. The Germans have been poking their noses in. The Americans too. Nick Clegg (well, I suppose he has the right to). Whoever next? Why, the Japanese of course.

Honda is putting out a confused message on what Britain should do about it's relationship with the EU. They'd probably do better to sit this one out

Syd 20:30 GMT January 13, 2013
Euro turning Greece and Spain into failed states
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Jobless rates in Spain and Greece have reached staggering proportions. And as long as these countries retain the euro, the prospects of recovery are slim

Until the whole thing collapses (which it inevitably will) under the weight of its own contradictions, the most likely short and medium term scenario is for Greece and Spain to keep taking the pain and to retain the single currency.

Jerusalem KB 20:09 GMT January 13, 2013
Trading the sup & ress. levels

Buy EURUSD
Entry: 1.3280 Target: 1.3480-1.3570 Stop: 1.3240

placed a new pending order for this week

JERUSALEM KB 20:08 GMT January 13, 2013
Trading the sup & ress. levels

Buy
Entry: 1.3040 Target: 1.3855 Stop: 1.3170

jerusalem kb 18:20:01 GMT - 01/07/2013

Buy EURUSD
Entry: 1.3040 Target: 1.3170-1.3855 Stop: 1.3040
jerusalem kb 22:31 GMT January 3, 2013
Trading the sup & ress. levels: Reply
Buy EURUSD
Entry: 1.3040 Target: 1.3125-open Stop: 1.2990

long and last long hit sl with 15pips
============
sl loss now at breakeven for new targets
================================
HIT 1ST TARGET WITH 130PIPS+ now atop at 1.3170

GVI Forex john bland 19:56 GMT January 13, 2013
Forex Trading Report-- JPY the focus on Friday vs. USD and the EUR. Quiet calendar to start the week
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HIGH IMPACT ITEMS: EZ- Industrial Production.

• The JPY continued to weaken on Friday vs. the USD and vs. the EUR as well after the Abe Cabinet approved a USD 117 bln  stimulus package..
• The round of global economic euphoria triggered on Thursday by the  ECB press conference spilled over into Friday.
  
• U.K. November manufacturing and Industrial output data released Friday were a dose of reality and were weaker than expected and a future weight on the GBP.
• Negative Swiss December CPI data (-0.4% yy) will at some point should start to weigh on the CHF.
  
• The key EURUSD 20-day average is 1.3182. The 10-yr bund is 1.61%, +5 bp Key European bourses are up. U.S. shares are mixed. The U.S. 10-yr is 1.88%, -2bp.
  
• Key Asian bourses were mixed after China CPI spike. The 10-yr JGB is 0.82%, -1 bp. The USDJPY 20-day average is 86.24. EURJPY 20-day average is 113.68.
  

GVI Forex Blog 19:54 GMT January 13, 2013 Reply   
HIGH IMPACT ITEMS: EZ- Industrial Production. The JPY continued to weaken on Friday vs. the USD and vs. the EUR as well after the Abe Cabinet approved a USD 117 bln stimulus package.. The round of global economic euphoria triggered on Thursday by the ECB press conference spilled over into Friday.

Forex Trading Report-- JPY the focus on Friday vs. USD and the EUR. Quiet calendar to start the week on Monday.

dc CB 18:10 GMT January 13, 2013
Internet Activist, a Creator of RSS, Is Dead at 26, Apparently a Suicide

Published on May 22, 2012

Aaron Swartz keynote - "How we stopped SOPA" at F2C:Freedom to Connect 2012, Washington DC on May 21 2012.

youtube

dc CB 17:36 GMT January 13, 2013
Treasury Won�t Mint Coin to Defy Debt Ceiling
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WASHINGTON � The Treasury Department said Saturday that it will not mint a trillion-dollar platinum coin to head off an imminent battle with Congress over raising the government�s borrowing limit.

�Neither the Treasury Department nor the Federal Reserve believes that the law can or should be used to facilitate the production of platinum coins for the purpose of avoiding an increase in the debt limit,� Anthony Coley, a Treasury spokesman, said in a written statement.

link

MJS HCMC 17:14 GMT January 13, 2013
On Scale of 0 to 500, Beijing�s Air Quality Tops �Crazy Bad� at 755

small price to pay for progress my friends. so what if half the child population of developed china has asthma and their physical fitness levels are on par with prison inmate in total isolation, at least they are making more money than their parents ever dreamed of and they will overcome the 'evil imperialists' within the next 15 years in terms of GDP output and quality of life.

Total sarcasm, modern China is a true tragedy and we are all responsible for it. Buying local is one way to overcome this horrifying trend. Anyways, as a forex trader I am surely not helping matters but I find the situation so dire that I would rather not participate directly by trading on a large scale with Chinese factories whenever possible.

dc CB 16:57 GMT January 13, 2013
On Scale of 0 to 500, Beijing�s Air Quality Tops �Crazy Bad� at 755
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BEIJING � One Friday more than two years ago, an air-quality monitoring device atop the United States Embassy in Beijing recorded data so horrifying that someone in the embassy called the level of pollution �Crazy Bad� in an infamous Twitter post. That day the Air Quality Index, which uses standards set by the United States Environmental Protection Agency, had crept above 500, which was supposed to be the top of the scale.

So what phrase is appropriate to describe Saturday�s jaw-dropping reading of 755 at 8 p.m., when all of Beijing looked like an airport smokers� lounge?
The embassy�s @BeijingAir Twitter feed said the level of toxicity in the air was �Beyond Index,� the terminology for levels above 500; the �Crazy Bad� label was used just once, in November 2010, before it was quickly deleted by the embassy from the Twitter feed.

Other Beijing residents online described the air as �postapocalyptic,� �terrifying� and �beyond belief.�

NYT

dc CB 16:43 GMT January 13, 2013
Paying the Price, but Often Deducting It
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THE numbers seem eye-popping. So many billions here for supposed mortgage abuses, so many billions there for questionable foreclosures.

But there�s more than meets the eye to the big legal settlements you�ve been reading about involving some of the nation�s biggest banks.

Actually, there�s less than meets the eye.

The dollar signs are big, but they aren�t as big as they look, at least for the banks. That�s because some or all of these payments will probably be tax-deductible. The banks can claim them as business expenses. Taxpayers, therefore, will likely lighten the banks� loads.

There is nothing new about corporations reaping tax benefits from payments made to remedy wrongdoing. Every so often, though, the topic stirs outrage. After the Gulf of Mexico oil spill, for example, BP received a $10 billion tax windfall by writing off $37.2 billion in cleanup expenses.

Fair Game: GRETCHEN MORGENSON

dc CB 16:40 GMT January 13, 2013
Internet Activist, a Creator of RSS, Is Dead at 26, Apparently a Suicide
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Aaron Swartz, a wizardly programmer who as a teenager helped develop code that delivered ever-changing Web content to users and who later became a steadfast crusader to make that information freely available, was found dead on Friday in his New York apartment.

At 14, Mr. Swartz helped create RSS, the nearly ubiquitous tool that allows users to subscribe to online information. He later became an Internet folk hero, pushing to make many Web files free and open to the public.

But in July 2011, he was indicted on federal charges of gaining illegal access to JSTOR, a subscription-only service for distributing scientific and literary journals, and downloading 4.8 million articles and documents, nearly the entire library.

Charges in the case, including wire fraud and computer fraud, were pending at the time of Mr. Swartz�s death, carrying potential penalties of up to 35 years in prison and $1 million in fines.

Carmen M. Ortiz, a United States attorney, pressed on, saying that �stealing is stealing, whether you use a computer command or a crowbar, and whether you take documents, data or dollars.�

NYT

GVI Forex john bland 13:59 GMT January 13, 2013
Chart Points
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Monday's Trading Points...
many more chart points
About Moving Averages
About Bollinger Bands

Mtl JP 13:01 GMT January 13, 2013
Gold

"I will never sell my gold in my life, as long as I see people like Mr. Bernanke and Mr. Obama and The U.S. Congress, I will always buy every month some gold." - Faber

Copper Mtn with fresh powder AL 05:43 GMT January 13, 2013
Video

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

To access the videos > Click here

HK RF@ 04:45 GMT January 13, 2013
THE FACE OF THE FUTURE. ObamaScape.

.

http://detroit.cbslocal.com/2013/01/12/riot-breaks-out-at-housing-assistance-event-in-taylor/

HK RF@ 04:44 GMT January 13, 2013
THE FACE OF THE FUTURE. ObamaScape.
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Riot Breaks Out At Housing Assistance Event In Metro Detroit

January 12, 2013 12:50 PM

TAYLOR (WWJ) - An event designed to help assist Michigan families with housing expenses turned into a chaotic scene after there was a mad rush to collect Section 8 Housing Choice Vouchers.

The incident happened Saturday morning at the Wayne County Family Health Services Center on Eureka Road, between Beech Daly and Inkster roads in Taylor � where thousands of people were waiting to get housing vouchers, many who had been waiting outside in the cold since the night before.

Reports say the amount of people who showed up looking for assistance heavily outweighed the number of vouchers to be distributed. As the night was fading away and the sun started to shine, the crowd continued to grow as more and more people arrived. According to reports, only 1,000 vouchers were available for distribution. An estimated 3,000 to 4,000 people were in attendance.

When it came time for the vouchers to be distributed, police said there was a mad rush for the door, with people jockeying for position to be the first inside the building. Officers tried to control the crowd, but couldn�t. Fearing the situation was more than they could handle, event organizers shut the entire thing down and turned off the lights inside the building. Witnesses say that�s when things really got ugly.

Star Lee, of Romulus, described the scene as complete chaos.

�People just don�t have order to themselves, you know what I mean? People were fighting and throwing chairs, and that�s just not necessary. We were asked to just come and line up and, you know, make things simple. They shut it down before it even got started and it�s just sad because some people really needed this help, this assistance,� she said.

Candice Wacasey, of Taylor, said she was frightened.

Garbage litters the ground at a human services building in Taylor where thousands of people rioted when a Section 8 Housing Choice Voucher distribution event was cancelled. (WWJ Photo/Beth Fisher)

�When the lights went out, it went horrible. People started trampling over people, there was a disabled lady that was in a wheelchair and they was trying to knock her over to get in front of her. I mean, just crazy,� she said.

Lenny Syer, of Melvindale, said some people lost all inhibitions, even muscling small children out-of-the-way.

�There was people who was physically putting their hands on people�s childs (sic) and moving them. It was unbelievable,� he said.

Additional help was called in from Michigan State Police, who helped Taylor police control the melee and disperse the crowd. Four people were arrested, but police say no one was injured.

Police say the event will be rescheduled, although specific details still need to be worked out.

�Due to the high demand of the Section 8 vouchers, we will meet with HUD Representatives to discuss the series of events, re-evaluate the distribution method and implement a process that ensures a greater level of efficiency and safety,� Mary Radamacher, Director of the Taylor Housing Commission, said in a statement.

Some of those in attendance Saturday said they hope organizers will be extra cautious and bring in additional security to insure things go differently next time.

According to the U.S. Department of Housing and Urban Development, the Section 8 Housing Choice Voucher program is the federal government�s major program for assisting very low-income families, the elderly and the disabled to afford decent, safe and sanitary housing in the private market. A housing subsidy is paid to the landlord directly by the government on behalf of the participating family, which then pays the difference between the actual rent charged by the landlord and the amount subsidized by the program.

The maximum housing assistance is generally the lesser of the payment standard minus 30 percent of the family�s monthly adjusted income, or the gross rent for the unit minus 30 percent of monthly adjusted income, according to HUD