HK [email protected] 22:40 GMT November 1, 2013
China's Banks on Road to Financial Disaster
Reply
China's big banks, bent on global expansion and enabled by light regulation, are on the road to financial disaster much like the crisis experienced in the West, predicts Simon Johnson, MIT Sloan professor and former IMF chief economist, in an article for Project Syndicate.
More on LINK:
LINK
GVI Forex 19:59 GMT November 1, 2013
Week Ahead
Reply
• ECB to remain on hold, but sharp drop in inflation raises risk of rate cut
• UK October services PMI forecast to soften, but to remain consistent with solid growth
• US GDP and labour market data watched, as confusion reigns over tapering debate
ECONOMIC DATA ANALYSIS - ECB BACK IN THE SPOTLIGHT
GVI Forex john 18:34 GMT November 1, 2013
Fixed Income Snapshot
Late in European trading hours, prices in prime fixed income markets have turned mostly mixed to lower on the day. Weaker U.S. prices have been in the lead. Share markets rmain mixed. Peripheral bond prices are stronger.
GVI Forex Blog 17:44 GMT November 1, 2013
Reply
November 1 (global-view.com) UPCOMING DATA HIGHLIGHTS for Monday, November 4. Updated: Trading Events Calendar
HIGH IMPACT RELEASES: JA- Holiday, EZ- PMIs. US- Factory Orders
GVI Forex Data Outlook for November 4, 2013
ed kw 17:01 GMT November 1, 2013
KaL's Trend and Level
chf/jpy weekly chart on support trend line is 109.65 next tested/ tia
ottawa ottawa 16:41 GMT November 1, 2013
EUR/USD to crater
would you consider around 1.3387, or going all the way to 1.32..?? thank you
Saar KaL 15:27 GMT November 1, 2013
China PMIs
2-3 Months of south in NDX
Saar KaL 15:06 GMT November 1, 2013
KaL's Trend and Level
Gold
Now short and staying that way
IMO Gold
is a buy this year
and 1150 IMO is the low for the coming year
I see 1800
AUDNZD is a buy for the year
just we need a correction to 1.1 area
from 1.1 to 1.08 ----------> 1.22 tgt
Saar KaL 15:00 GMT November 1, 2013
China PMIs
KW
I am Short and keeping till .9000 area
ed kw 14:22 GMT November 1, 2013
China PMIs
copper orders aren't supportive sell aud/usa
GVI Forex john 14:07 GMT November 1, 2013
U.S. FINAL Market PMI
U.S./Eurozone PMIs. U.S. PMI better than forecast, but diverging from the Markit PMI data. Employment PMI falls.
GVI Forex john 14:02 GMT November 1, 2013
U.S. FINAL Market PMI
Strong ISM PMI, but I'm not sure it is reliably predictive of the economy.
Saar KaL 13:43 GMT November 1, 2013
KaL's Trend and Level
IN My Books
this cable level 1.5930
is next week's high
IMO there is more south
Saar KaL 13:39 GMT November 1, 2013
KaL's Trend and Level
eurusd
most likely range
1.3500 to 1.3770
(If volatility stays constant)
GVI Forex john 13:35 GMT November 1, 2013
Equity to EURUSD correlation
Third piece of the puzzle is the 10-yr note. Yield is TRYING to press higher 2.580% +3.3bp. I'm not convinced higher yields can hold. ISM PMI could be pivotal.
GVI Forex john 13:31 GMT November 1, 2013
Equity to EURUSD correlation
Reply
Before the cash equity markets open you have to keep an eye on S&P futures. EURUSD test of 1.3500 came on a dip in S&P futures (ESe1.CMM) is my symbol for E-mini futures.
GVI Forex john 13:06 GMT November 1, 2013
U.S. FINAL Market PMI
U.S. final Markit Mfg PMI. Revised higher.
GVI Forex john 12:54 GMT November 1, 2013
U.S. FINAL Market PMI
CORRECTION
Prev and expected Market PMI 51.1 NOT 56.4
Saar KaL 12:44 GMT November 1, 2013
EUR is O.S.
this 1.3500 is tough call about what it will do next
anyways, I am buying EURJPY...so maybe will head north
would feel better to long around 1.33
I am staying away for eurusd pos for a while
Mtl JP 12:36 GMT November 1, 2013
U.S. FINAL Market PMI
Bullard - about ten minutes later - may extract more reaction pips from players than the PMI
jkt-aye 12:27 GMT November 1, 2013
EUR is O.S.
RF...i still have some. do you want it ? lol
ottawa ottawa 11:45 GMT November 1, 2013
EUR is O.S.
and the weekly
ottawa ottawa 11:44 GMT November 1, 2013
EUR is O.S.
after permission from
Floyd Upperman
Euro is far from being os
ottawa ottawa 11:39 GMT November 1, 2013
EUR is O.S.
I am for 1.3470 level before rebound !!!
Daily chart has heavy down candles...should see 1.34 level by Tues if not Mon.
Karachi 10:29 GMT November 1, 2013
EUR/USD outlook
Reply
EURUSD
Entry: Target: Stop:
EUR/USD outlook: Intraday 3613-29 is key level. Targets below are 3598, 3569, 3545, 3525, 3476 and 3452. Above targets are 3660, 3682, 3702 and 3731. Today’s sensible range is 3545-3682. If gold stays below 1328 and S&P stay below 1759, sensible range should be considered as 3476-3629. If USD/JPY remains below 98.29, positive momentum might be observed. If EUR/GBP is trending down below 8495 and GBP/USD is in bullish mode, EUR/USD might remain under pressure or vice versa. If the market goes out of these ranges stay away from it as that will be an abnormal behavior from intraday trading perspective.
From trend follow-up perspective important closing rates are > or < areas of 3682, 3545 and 3476. Note: To know the strategies and directions to trade, maintain your portfolio at Shivani Financial. The analysis given is not trading signals but the market picture.
Shivani Financial Consultancy for Interest Free Forex Trading
Karachi 10:28 GMT November 1, 2013
GBP/USD outlook
Reply
GBPUSD
Entry: Target: Stop:
GBP/USD outlook: Intraday 6028-43 is key level. Targets below are 6014-6000, 5985, 5959, 5942, 5924 and 5902. Above targets are 6057, 6078, 6092, 6115, 6153-64 and 6178. Today’s sensible range is 5985-6092/6115. If gold stays below 1328 and EUR/USD stays below its key level of 3613-29, sensible range should be considered as 5942-6057. If USD/JPY remains below 98.29, positive momentum might be observed. If EUR/GBP is trending above 8495 and EUR/USD is in bullish mode, GBP/USD might remain under pressure or vice versa. If the market goes out of these ranges stay away from it as that will be an abnormal behavior from intraday trading perspective.
From trend follow-up perspective important closing rates are > or < areas of 6014, 6057, 6108 and 6164. Note: To know the strategies and directions to trade, maintain your portfolio at Shivani Financial. The analysis given is not trading signals but the market picture.
Shivani Financial Consultancy for Interest Free Forex Trading
ottawa ottawa 10:21 GMT November 1, 2013
EURUSD 13555
any take on cable...1.5925 ???? a possibility ?? if when Eur<=1.3470 is breached ?
Amman wfakhoury 10:10 GMT November 1, 2013
EURUSD 13555
Close 1 hr bar below 13523
Hasselt Ed 10:10 GMT November 1, 2013
EURUSD 13555
Some people don't get that, especially when you have a nationality, religion or skin color. I think it's time for Jay to set yet another precedent and toss idiots out of here.
ottawa ottawa 10:03 GMT November 1, 2013
EURUSD 13555
do you mean close on hour bar or daily...
jkt-aye 09:57 GMT November 1, 2013
EURUSD 13555
the most happiness always happen when you helping others.
UK vgf 09:45 GMT November 1, 2013
EURUSD 13555
Hey FAKmeister...It is good that you don't post your picture with your posts as you may be placed on the sexual offenders register...lol...
Amman wfakhoury 09:41 GMT November 1, 2013
EURUSD 13555
The close below 13523 means 13470 is coming
Lahore FM 09:38 GMT November 1, 2013
" Trade Ideas "
Buy USDCHF
Entry: 0.8942 Target: Stop: entry
Lahore FM 13:43:21 GMT - 10/25/2013
Sell EURGBP
Entry: 0.8522 Target: Stop: 0.8565.
short eurgbp once again 0.8522 with 0.8565 stop for 80.
long usdchf 0.8942.sl 0.8880
--
0.9114 partial close for long usdchf 0.8942 now.
hk ab 09:36 GMT November 1, 2013
yen
Reply
The tame action of dlr/jpy looks very suspicious.
GVI Forex john 09:13 GMT November 1, 2013
Chinese PMIs improve. EURUSD lower
Reply
Spot
|
20d
avg
|
10-yr
|
Equities
|
EURUSD
1.3535
|
1.3649
|
U.S.
2.56% +1bp
|
North
America:Higher
|
EURJPY
132.93
|
133.60
|
Bund
1.67% -3bp
|
DE:
DAX: Lower
|
GBPUSD
1.6003
|
1.6078
|
GILT
2.61% -2bp
|
GB:
FTSE: Lower
|
| USDJPY
98.23 |
97.88
|
JGB
0.60% +1bp |
Asia
Close Mixed
|
HIGH
IMPACT ITEMS: EZ- Holiday, GB- PMI, US- PMIs
- The
tone of the USD has decisively improved after the EURUSD traded below
its 20-day moving average (1.3649) yesterday. Prices in prime
fixed income markets are mostly higher. Weaker U.S. prices are notable
on a revised Fed outlook. Share markets are mixed to weaker.
Peripheral bond prices are stronger, this all follows the more hawkish
than expected Fed policy statement Wednesday. The big surprise Thursday
were much stronger than expected Chicago and Milwaukee regional PMIs.
- Some are now revising
higher their forecasts for national U.S. PMIs today.
Market
observers still do not expect a Fed tapering before the March 2014 Fed
meeting.
- The EURUSD is lower also following German
September retail sales data which were weaker than expected. They came
on the heels of mildly weaker than expected employment data and a
softer
than expected IFO survey. A slowing German economy would be a EURUSD
negative.
- Chinese October PMI data remained on an improving path and
gave the AUD a lift See the FOREX FORUM
for latest key data and charts as they are released.
- Friday is a holiday in the
Eurozone. U.K. and U.S. October PMI reports are scheduled for release..
- For additional key items and more detail (dates, times,
data estimates), be sure to reference our Economic
Calendar . See the FOREX FORUM
for latest key data and charts as they are released.
GVI Forex Blog 09:12 GMT November 1, 2013
Reply
HIGH IMPACT ITEMS: EZ- Holiday, GB- PMI, US- PMIs
The tone of the USD has decisively improved after the EURUSD traded below its 20-day moving average (1.3649) yesterday. Prices in prime fixed income markets are mostly higher. Weaker U.S. prices are notable on a revised Fed outlook. Share markets are mixed to weaker. Peripheral bond prices are stronger, this all follows the more hawkish than expected Fed policy statement Wednesday. The big surprise Thursday were much stronger than expected Chicago and Milwaukee regional PMIs.
Chinese PMIs improve. EURUSD lower
Saar KaL 08:53 GMT November 1, 2013
KaL's Trend and Level
keeping my audusd shorts till 0.9000
EURAUD Longs till 1.47
CHFJPY Longs till 113
AUDCAD Shorts till 0.9350
NDX shorts till 3100
ottawa ottawa 08:46 GMT November 1, 2013
EURUSD 13555
wonderful call...thanks man
GVI Forex john 08:37 GMT November 1, 2013
Fixed Income Snapshot
Reply
Early in European trading hours, prices in prime fixed income markets are mostly higher. Weaker U.S. prices are notable on a revived Fed outlook. Share markets are mixed to weaker. Peripheral bond prices are stronger.
Saar KaL 08:10 GMT November 1, 2013
KaL's Trend and Level
Not trading Oil...But seems Like should correct
jkt abel 07:45 GMT November 1, 2013
EURUSD 13555
agree with that, i will try some long in the area 1.3470-1.3520 for 1.39-1.40 target, stop below 1.3440
Saar KaL 07:40 GMT November 1, 2013
USD/YEN
Buying and adding eurjpy
and gbpjpy
audcad shorts
and usdjpy long
Amman wfakhoury 07:32 GMT November 1, 2013
EURUSD 13555
And now consolidates @ 13555 and preparing for 100-120 pips
move ...any rise above 13555 will return to it ...until new direction
Singapore SGFXTrader 07:28 GMT November 1, 2013
EURUSD 13555
IMHO - Eurusd going to 1.37 then revisit 1.38. Will touch 1.40 before 31 Dec 2013.
Based on news from a reliable source.
cannes elton 06:37 GMT November 1, 2013
EURUSD 13555
very nice call- bravo- and now pls?
Amman wfakhoury 04:35 GMT November 1, 2013
EURUSD 13555
Amman wfakhoury 18:30 GMT 10/31/2013
13555 confirmed will be reached .
any rise above 13598 will return to 13598 .
if rise above 13598 then 1 hr bar closed below 13598 then 13555 will be reached.
Act accordingly ...forget what others say
-------------------------------
13555 reached ,,forget what others say
Hong Kong AceTrader 04:09 GMT November 1, 2013
AceTrader Nov 1 : Daily Outlook on Asian exotic USD/IDR
Reply
USD/IDR DAILY OUTLOOK - 11330
01 Nov 2013 01:28GMT
Usd's rebound fm Fri's 10935 low suggests fall
fm Sep's high at 11660 has made a temp. low there n
retrace. to 11455, then 11520 is seen.
Buy at market with stop as indicated n only below
11270 aborts n risks weakness to 11000.
STRATEGY : Buy at market
OBJECTIVE : 11450
STOP-LOSS : 11280
RES : 11455/11520/11660
SUP : 11270/11000/10935
HK [email protected] 02:20 GMT November 1, 2013
YEN
Reply
To crack 98.0 needs a brute force.
There are some financial interests in Japan, which can do it for their purpose, though is not fitting long term the Abenomics policy.
Worth watching.
HK [email protected] 01:52 GMT November 1, 2013
eur
Nothing to worry next target support at about 1.3500.
hk ab 01:47 GMT November 1, 2013
eur
Reply
hk ab 22:42 GMT October 24, 2013
EUR/USD to crater: Reply
Zeus, I second your positions, but my guts is limited. after 1.3760, next extry 1.3850.
-----------------------------------------------------------------
This is why I always SECOND Zeus!
hk ab 01:47 GMT November 1, 2013
eur
Reply
hk ab 22:42 GMT October 24, 2013
EUR/USD to crater: Reply
Zeus, I second your positions, but my guts is limited. after 1.3760, next extry 1.3850.
-----------------------------------------------------------------
This is why I always SECOND Zeus!
Hong Kong AceTrader 01:33 GMT November 1, 2013
AceTrader Nov 1 : Euro tumbles on sharp fall in euro zone inflation and record high unemployment
Reply
Market Review - 31/10/2013 17:37GMT
Euro tumbles on sharp fall in euro zone inflation and record high unemployment
The single currency tumbled against other major currencies on Thursday due to weak euro zone data showing that inflation in the euro zone declined sharply to the lowest level in four years in October together with the record high unemployment rate in September, adding speculation that the European Central Bank may ease monetary policy.
Euro zone unemployment rate in September came in at 12.2%, higher than economists' forecast of 12.0%, previous reading is revised to 12.2%; euro zone CPI estimate in October came in at 0.7% y/y, lower than the forecast of 1.1%.
The single currency met selling interest at 1.3739 in Asian session and ratcheted lower in European session after the release of weak euro zone data. Euro tumbled to 1.3632 ahead of New York open and weakened further due to dollar's broad-based strength after the release of stronger-than-expected Chicago PMI (65.9 versus forecast of 55.0). The pair nose-dived to a session low at 1.3575 near New York afternoon.
Versus Japanese yen, the greenback met selling interest at 98.57 in Australia and then ratcheted lower in European session. The dollar further dropped to a session low at 98.08 in New York afternoon before recovering.
Although the British pound dropped to a session low at 1.6006 ahead of European open, failure to penetrate Wednesday’s low at 1.5999 prompted profit-taking. Cable ratcheted higher in European session and rose to a session high at 1.6070 on short-covering in New York morning.
In other news, Bank of Japan's semiannual report stated 'Japan's economy likely to continue to expand at pace exceeding its potential; BoJ to maintain its QE programme until needed to stably achieve 2% inflation; BoJ ready to make necessary policy adjustments while scrutinising upside, downside risks to economy, prices; CPI likely to reach BoJ's 2% target around end of fiscal 2014 through fiscal 2015.’
On the data front, U.S. initial jobless claim came in at 340K, worse than the forecast of 339K. Italy unemployment rate in September came in at 12.5%, worse than the forecast of 12.2%, previous reading was revised to 12.4%. Germany Gfk consumer confidence in November came in at 7.0, versus the forecast of 7.2.
Data to be released on Friday:
Australia PPI, China manufacturing PMI, HSBC Markit manufacturing PMI, Swiss PMI, U.K. manufacturing PMI, U.S. Markit manufacturing PMI, ISM manufacturing and construction spending on Friday. France financial market is closed due to public holiday.
Brock Thor 00:21 GMT November 1, 2013
EUR/USD : Critical Point 1.2797
Hmm...1.3534 possible support.
Might set that as a possible/interim Tp.
And assess sentiment when close.
Like the sound of that 1.2797 Critical point.
Thanks Dr. Quinn
Plus it's close to the World Famous Zeus 1.2777.
Brock Thor 00:06 GMT November 1, 2013
DXY- dollarindex
Reply
DXY up a little. Nice
Stocks down a little. Nice
My short trade Eur/Usd +117.
I shorted at 1.37010 gonna stay short until sentiment changes a little.
Or 1.300 comes in.
Great deer hunting saw small ones.
4 pt buck got his butt kicked by a big buck-now he got one side broke off . Nice
Big buck will come soon.
Great World Series.
Good luck.
We are starting an affiliate program to market some of our products.