GVI Forex Blog 22:51 GMT May 2, 2013
Reply
Event risk today: Australia�s Q1 PPI today holds little interest for markets given CPI is known. Trading bullets will be reserved for tonight�s US payrolls report for April, the consensus estimate being +140,000 jobs.
Forex - Westpac Morning Report
GVI Forex john bland 20:48 GMT May 2, 2013
U.S. April employment report awaited. ECB cuts by 25bp, as expected
Reply
- HIGH
IMPACT ITEMS: GB- SVC PMI, US- Employment, SVC PMI
- U.S. April employment will be
released at 12:30 GMT on Friday. A gain in jobs of +/-150K
in the month is seen. Estimates generally were revised down after the
ADP Private jobs data on Wednesday. For what its worth, Weekly jobless
levels have been falling steadily over recent months, but this
improvement has not been seen yet in other indicators.
- The ECB cut its main Refi rate
by 25bps to 0.50% as expected, but the markets were disappointed that
nothing else was offered
- PMI data from Europe were
mixed. The HSBC flash Chinese PMI was revised down.
- The EZ flash PMI was unrevised.
The Swiss PMI regained the 50 level (50.2).
- The FOMC decision
Wednesday was cautious to neutral as expected. Future policy decisions
will be data dependent.
- Japanese Golden Week
holidays continue off and on all week..
20d
avg
|
10-yr
|
Equities
|
EURUSD
1.3066
|
JGB
0.57% -2bp
|
Asia:Mixed
|
USDJPY
98.54
|
Bund
1.17% -3bp
|
Europe
Mixed
|
EURJPY
128.76
|
U.S.1.63%
-1bp
|
U.S.:Higher
|
Cambridge Joe 20:47 GMT May 2, 2013
USDCHF
Reply
USDCHF looks moderately softer thru Asia and 9361 **if** reached, while remaining above 9354 would precipitate a sell around 5 hours from here.
IMO. GL
GVI Forex Blog 20:46 GMT May 2, 2013
Reply
HIGH IMPACT ITEMS: GB- SVC PMI, US- Employment, SVC PMI
U.S. April employment will be released at 12:30 GMT on Friday. A gain in jobs of +/-150K in the month is seen. Estimates generally were revised down after the ADP Private jobs data on Wednesday. For what its worth, Weekly jobless levels have been falling steadily over recent months, but this improvement has not been seen yet in other indicators.
U.S. April employment report awaited. ECB cuts by 25bp, as expected
Jeddah Abb 20:34 GMT May 2, 2013
eurusd
Belgrade TD thank you..
GVI Forex Free FX Database 19:43 GMT May 2, 2013
Chart Points
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.
dc CB 19:40 GMT May 2, 2013
POMO
Reply
no POMO tomorrow...but there is one every day next week...even during the Auctions
GVI Forex john bland 17:40 GMT May 2, 2013
Fixed Income
Major bond market prices mixed. Peripherals prices have soared.
london red 17:35 GMT May 2, 2013
eurusd
think you can buy the dips from now on, but while 200 hour caps (13072) its going to be tough going. think the same support below 13000 will be apparent tomorrow so its a card that can be played. slowly but surely most ivbs have lowered forecasts for non farms to c. 125/140k, so its going to take a sub 100k number to create a big enough reaction to get euro in rally mode again. weekly jobless claims have come too late to figure in april non-farms so the chance of a beat is very small, so in such a case i think we would very much be testing the support around 13000 and below. doesnt mean long cable or euro ahead of the data is a bad idea as these can be quickly reversed and losses swallowed as downside for these pairs would be quite large as we would be flipping from arguably the possibility of extra qe, back to tapering in q4.
Mtl JP 16:39 GMT May 2, 2013
e/j
Hildebrand in FT argues that France�s economy needs to become more German
and that "France needs to recognize that if it is to achieve its long held goal of deeper union and mutualisation of liabilities then it too will need to cede some sovereignty."
I want to watch how the Frenchman going to submit to life under the German's jackboot: 'Schaffe, schaffe, H�usle baue!' ("Work, work, build your little house!")
jkt abel 15:36 GMT May 2, 2013
eurusd
Reload euro long 1.3050, this is bottom for today imho
Belgrade TD 15:21 GMT May 2, 2013
e/j
Mtl JP 14:46 GMT May 2, 2013
EU will not disappear tomorrow or in a year ... nor will it happen all at once ... with such bureaucracy and political hopes in the clouds will slowly become a fictional Union ... will slowly erode with internal differences and disunity ... And so, one day ... its like UN, several leading countries that use the UN mechanism IF and WHEN they require and a lot of members with no ability to affect the outcome ... but that's the world we share ...
GVI Forex Blog 15:20 GMT May 2, 2013
Reply
May 2, 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, May 3. Updated: Trading Events Calendar
HIGH IMPACT RELEASES: GB- SVC PMI, US- Employment, SVC PMI.
GVI Forex Data Outlook for 3 May 2013
GVI Forex john bland 15:17 GMT May 2, 2013
Calendar
Reply
May 2, 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, May 3.
Updated: Trading Events Calendar
HIGH IMPACT RELEASES: GB- SVC PMI, US- Employment, SVC PMI.
Belgrade TD 15:06 GMT May 2, 2013
Daily TA trade
Belgrade TD 13:40 GMT May 2, 2013 - My Profile
Sold EUR/NZD ~ 1,545 ...
///
1/3 EUR/NZD out here ~ 1,538 ... stop at BE for rest
Mtl JP 14:46 GMT May 2, 2013
e/j
TD 13:56 Sarkozy claimed recently here in Montreal that anyone now using the Euro can not leave it because their debt is nominated in Euros and leaving would reprice that debt in a new fiat ccy making it that much more expensive.
I suggest to anyone in the Eu and using the Euro, if they contemplate leaving, to do it asap while the Eu princes do not have pantzer divisions ready to roll in to assert their collection procedures.
SaR KaL 14:33 GMT May 2, 2013
KaL's Trend and Level
US Equity Buys this year
Stock Close High Low
ISRG 492.29 679.07 503.58
ULTA 87.65 125.31 89.50
CHG 64.97 72.98 68.44
OSIS 57.3 102.13 58.82
EC 47.57 74.62 54.96
TDC 51.07 92.24 54.89
DKS 48.1 62.57 49.15
RHT 47.93 69.34 47.98
OFIX 32.4 48.08 33.14
RVR 21.91 28.55 22.18
CRUS 19.31 61.12 21.85
BBNK 14.58 21.31 14.75
FPT 14 17.30 14.56
ALLT 11.32 38.81 12.53
AUY 12.3 22.90 12.36
INWK 10.07 20.80 12.18
MCBI 10.05 15.80 10.59
CXH 10.1 12.46 10.18
CIA 6.54 13.58 8.01
KOG 7.83 12.12 8.01
HTBK 6.57 9.11 6.60
OSUR 4.46 14.11 4.56
GVI Forex john bland 14:23 GMT May 2, 2013
United States
Details at top of the page
(Manually refresh forum to update)
Natural Gas: 4.2860
WTI: 91.72
SaR KaL 14:21 GMT May 2, 2013
KaL's Trend and Level
EURUSD from here into 1.33 to 1.3360
Then reversal
to possible 1.27
is what will happen?
makassar alimin 14:14 GMT May 2, 2013
italy
Reply
3 musketeers coalition in italy wanted pro-growth measure, they have it granted by zirp.
Not sure how long can those 3 get along before starting pointing fingers and blaming at each other
Belgrade TD 14:08 GMT May 2, 2013
e/j
euro index ...
Cambridge Joe 14:06 GMT May 2, 2013
AUDUSD
Reply
AUDUSD Buying around 1.75 hours from here. IMO.GL
Belgrade TD 13:56 GMT May 2, 2013
e/j
EU is just a club ... not a federation or confederation - only a club ... and like any club, when they encounter problems then there is disagreements ... a lot of bureaucracy and a couple of dominate countries ... all others are just club members who wants the benefits with hope ... this EU can only collapses ... but there is no will to structural changes ... so strong euro is just a good entry point for short ... but when compared with the dollar - everything is possible ... yet the real value of the euro we get by comparison with all other currencies ...
jkt abel 13:51 GMT May 2, 2013
eurusd
great, cover some here 3093 for quick +30, reload later
probably downside done for today
will get in again near original
Belgrade TD 13:40 GMT May 2, 2013
Daily TA trade
Sell OTHER
Entry: Target: Stop:
Sold EUR/AUD ~ 1,277 and EUR/NZD ~ 1,545 ... will add if raise ... targeting ~ 150/200 pips on each of them ...
jkt abel 13:39 GMT May 2, 2013
e/j
but for EU, that's like shooting their own feet
hk ab 13:37 GMT May 2, 2013
e/j
abel, with this dirt cheap yen, who is still buying european product?
hk ab 13:36 GMT May 2, 2013
eur
Reply
imvho, gold and yen are the most devalued while eur and usd are the most overvalued.
we may probably see history repeats itself for a vertical move on e/j vely soon.
jkt abel 13:36 GMT May 2, 2013
e/j
ab, why would they revenge? the japs are buyers of their bonds
GVI Forex john bland 13:34 GMT May 2, 2013
Eurozone
Clear disappointment with ECB. Markets were hoping for more, although its not certain what they were expecting?
hk ab 13:33 GMT May 2, 2013
e/j
Reply
tomorrow is the real challenge, e/j retreat doesn't need to care about USD.....
I always thought ZIRP4ever is US prime product......
Now, ECB makes an even more powerful NIRP........
Maybe they want to devalue Euro to revenge BOJ yen policy.
jkt abel 13:33 GMT May 2, 2013
eurusd
white flag only under 2950
Mtl JP 13:32 GMT May 2, 2013
eurusd
very strong ones... -> magnets ?
jkt abel 13:32 GMT May 2, 2013
eurusd
try some 3063, adding big 3020 and 2980
jkt abel 13:31 GMT May 2, 2013
eurusd
red, i think 3020 and 2980 are very strong ones
london red 13:29 GMT May 2, 2013
eurusd
if not for non farms tomorrow, euro could go a lot lower given comments re negative rates. still room to drop to 50/55 if 200 hour fails to hold and then 12980/13000/13020.
Belgrade TD 13:21 GMT May 2, 2013
eurusd
Jeddah Abb 13:11 GMT May 2, 2013
check my thread "Daily TA trade" ...
kl shawn 13:21 GMT May 2, 2013
buy euro
going in again as well fs, 4hr 100ema now
kl fs 13:19 GMT May 2, 2013
buy euro
betting a return to 1.3120-30
kl fs 13:18 GMT May 2, 2013
buy euro
Reply
back to old buying zone
1.3070-80, stop should be under 1.3010, should suffice
kl fs 13:16 GMT May 2, 2013
RMB
Reply
Chinese renmimbi new high against usd
HK Kevin 13:16 GMT May 2, 2013
eur/jpy
hk ab, did Draghi mention negative rate?
Mtl JP 13:12 GMT May 2, 2013
eur/jpy
ECB�left deposit rate unchanged at 0%
i.e. no nominal negative rate
Jeddah Abb 13:11 GMT May 2, 2013
eurusd
TD i have a question for early morning can u reply please
hk ab 13:08 GMT May 2, 2013
eur/jpy
Reply
eur negative deposite rate?
killing the e/j carry? THANKS ECB!
Lahore FM 13:04 GMT May 2, 2013
" Trade Ideas "
Sell EURUSD
Entry: 1.3183 Target: Stop: 1.3183 for half
Lahore FM
Sell EURUSD
Entry: 1.3183 Target: Stop: 1.3265
sold now.
--
part closed at 1.3113 now.
london red 13:04 GMT May 2, 2013
eurusd
100 sma now becomes resistance for euro support 13090/70
Cambridge Joe 12:59 GMT May 2, 2013
EURAUD
Well usdjpy gave me an unpleasant surprise... for a brief time the day looked golden....but there it is.
EURAUD looks to be at a serious top to me, probably lasting over weeks. IMO.
Tallinn viies 12:59 GMT May 2, 2013
eurusd
Reply
added long euro at 1,3160. with stop all at 1,3110. target 1,3210. plan to sell half
GVI Forex Jay Meisler 12:58 GMT May 2, 2013
-
USDJPY daily with 10 day mva
GVI Forex john bland 12:45 GMT May 2, 2013
United States
U.S. Visible Trade. Deficit steady...
london red 12:45 GMT May 2, 2013
-
Reply
usdjpy just losing some steam ahead of 10 day sma at 98.59. this average has defined the run from 80 yen quite nicely during trend and countertrend phases, so worth watching that level.
GVI Forex john bland 12:43 GMT May 2, 2013
United States
U.S. Weekly jobless claims continue below the key 350K line. Another leg down?.
Click on chart for ten-year history
kl fs 12:37 GMT May 2, 2013
euro
Reply
just buy above 1.3170 today
ed kw 12:36 GMT May 2, 2013
United States
you lost this one shark f .welcum to gvi you get the canary treatment,ha
Belgrade TD 12:34 GMT May 2, 2013
Daily TA trade
Jeddah Abb 05:27:15 GMT - 05/02/2013
about AUD/NZD ... right now its a good Risk/Reward ratio for Long IMO ... its against the main trend, but on the bottom of comfort zone (white rectangle), on the bottom of downtrend channel so 1.25 is a expected zone (month or so) ... fall below ~1,2 will nullify this expectation ... I have a long position here with avg around Wk PP and stop below 1,2. ... but again, its against dominated downtrend and we need to be careful ... my point of view :-) ... GLGT
ed kw 12:33 GMT May 2, 2013
United States
stronger ca trade is a stronger us /ca,trade ap80% dependent on us
manila tom 12:32 GMT May 2, 2013
United States
with those data, usdcad below parity ?
GVI Forex john bland 12:31 GMT May 2, 2013
United States
-- ALERT --
U.S. Trade (USD bn) March 2013
-43.63 vs. -42.0 exp. vs. -43.0 prev. (-43.6 r.)
Canada Trade C$ bln March 2013
+0.24 vs. -0.70 exp. vs. -1.02 prev.(-1.25 r.)
TTN: Live News Special Offer
Mtl JP 12:22 GMT May 2, 2013
United States
u r not thinking Trade�Balance will trump Draghi's trumpet ?
perth wtr 12:13 GMT May 2, 2013
rates
aud should find support then, just from the differential
perth wtr 12:09 GMT May 2, 2013
rates
Reply
rates race to the bottom...aus still has plenty of meat at 3%
Belgrade TD 12:03 GMT May 2, 2013
eurusd
PAR 11:57 GMT May 2, 2013
exactly ...
manila tom 12:03 GMT May 2, 2013
eurusd
another easy day for euro bulls, party
PAR 12:03 GMT May 2, 2013
eurusd
Draghi may announce that European interest rates will stay low till 2020 ?
perth wtr 12:01 GMT May 2, 2013
eurusd
i am not sure about Bundesbank about this latest move...
PAR 11:57 GMT May 2, 2013
eurusd
Stronger Euro offsetting the benefits from lower interest rates for perpheral Europe. As Italian Draghi should know all about the importance of a weak currency for Southern Europe . Low interest rates and a strong currency and Europe is another Japan .
singapore td 11:56 GMT May 2, 2013
eurusd
see you guys, have an early day today, moving to new place so won't be here as frequently as before for the next 2 weeks, cheers, good luck
London Misha 11:52 GMT May 2, 2013
Observations
Reply
EURUSD - Possible bearish Shooting Star spike on Daily Chart. Closes below key 50% Fib at 1.3184.
USDJPY - Doji Cross on Daily Chart. Possible Descending Triangle forming based on 38.2% Fib at 97.12.
GBPUSD - Follow on to Key Reversal Up on Daily Chart but runs into key 50% Fib resistance at 1.5604!
USDCHF - 5th Black Crow on Daily Chart but market closes above key 50% Fib at 0.9268.
EURGBP - Doji Cross, possibly a Spinning Top on Daily Chart.
AUDUSD - Bearish Engulfing Pattern with follow on today. Tests key twin 50% Fib supports at 1.0217-1.0224 on Daily Chart.
USDINR - Opening Long Black Marubozo but reverts up from combined Fib support 53.61-53.64 into possible Pipe Bottom on Daily Chart.
USDZAR - 2nd Spinning Top, possibly bullish as market bounces up from Uptrend, all on Daily Chart.
USDBRL - Bearish Doji Cross, possibly a Gravestone Doji, all on Daily Chart.
Tallinn viies 11:52 GMT May 2, 2013
eurusd
Reply
So far the ECB delivers what most expected. The press conference @ 14:30 CET will be important as well to see what he ECB can come up with to support lending to SMEs
singapore td 11:50 GMT May 2, 2013
eurusd
as said before, euro will go up even after rate cut!
byebye usd
london red 11:50 GMT May 2, 2013
eurusd
weve had the reaction dip and rebound, now expect the pair to drift lower into conference where it should bottom and try higher. if the attempt gets us back above 13200 then yesterdays high is target for today, otherwise you have to look at move through 100 day sma. copper price worth watching i think as may well have an effect on fx direction
singapore td 11:47 GMT May 2, 2013
eurusd
cheers viies, keep selling usd, buy euro!
Cambridge Joe 11:44 GMT May 2, 2013
EURAUD
Thanks wtr. So far so good today ... !
Better lucky than rich... and I'm very lucky ! :-))
Tallinn viies 11:44 GMT May 2, 2013
eurusd
Reply
expect euro to test 1,3245/50 today
london red 11:44 GMT May 2, 2013
-
Reply
euro res 13230 13250
euro supp 13155 13130 13090
perth wtr 11:39 GMT May 2, 2013
EURAUD
no worries Joe :) good luck good trades
GVI Forex john bland 11:26 GMT May 2, 2013
Eurozone
HEADS-UP: ECB Decision @11:45 GMT.
Details at top of the page
(Manually refresh forum to update
EURUSD= 1.3160
GBPUSD= 1.5578
USDJPY= 97.37
Direct links to primary data sources
Cambridge Joe 11:23 GMT May 2, 2013
EURAUD
Sorry wtr, I was away from the screen, not ignoring. :-)
kl shawn 11:19 GMT May 2, 2013
buy euro
Reply
Buy EURUSD
Entry: 1.3163 Target: Stop: <1.31
.
perth wtr 11:14 GMT May 2, 2013
EURAUD
thanks JM
GVI Forex Jay Meisler 11:14 GMT May 2, 2013
What You Will Not Find in a Trading Book
-- What You Won't Find in a Trading Book--
I have posted this several times and for traders of all levels o experience, if you are interested in a unique approach that has a goal of using the market rather than the market using you to produce low risk trades, send me an
EMAIL or see how you can get access at no charge by opening an account with our GVI orex recommended broker
ICSForex Advantage
NY JM 11:13 GMT May 2, 2013
EURAUD
HOD - high o the day
LOD = low of the day
perth wtr 11:12 GMT May 2, 2013
EURAUD
Joe, what is HOD?
Cambridge Joe 11:09 GMT May 2, 2013
USDJPY
Reply
USDJPY softening here and actively selling within around 30 mins. IMO. GL.
london red 11:07 GMT May 2, 2013
fwiw some talk of large bets on usdjpy long side. play said to focus on 97 handle with stops below and 100 target. i would think these stop would be a magnet, but pair has many admirers especially on dips making it hard to call downside with any conviction unfortunately.
Cambridge Joe 10:28 GMT May 2, 2013
EURAUD
Reply
HOD in for today for EURAUD IMO.
london red 10:21 GMT May 2, 2013
ECB/Fear of higher borrowing costs
following on from that, hungary sold 5 and 10yr very well today, and that is helping the forint and has given the neighbouring zloty a boost too. the latter is residing just above the 100 day sma on gbp cross and while its fortune is almost certainly linked to the euros direction today, a move higher will target the 200 day sma slight above 5.00, while a dip back under the 100 sma will suggest a retest of recent support of 4.80.
UK stc 10:12 GMT May 2, 2013
ECB/Fear of higher borrowing costs
Reply
Market getting some relief on a rate and a short term risk of higher borrowing costs on this:
France has sold �4bn of 10-year debt at a record low yield of 1.81%, as the bond market bubble continues to drive borrowing costs lower.
Traders bid for twice as much debt as Paris had on offer - which helped to drive down the bond's interest rate to its all-time low.
GVI Forex john bland 09:30 GMT May 2, 2013
Chart Points
Reply
Day-Trading Chart Points (basis prior day ranges)
Cambridge Joe 08:56 GMT May 2, 2013
AUDUSD
Reply
AUSUSD trade-able break North about 1 hour from here.
Cable 15:00 call of y'day..... delayed. / Postponed.
GVI Forex john bland 08:46 GMT May 2, 2013
ECB rate cut today? PMI reports mixed
Reply
- HIGH
IMPACT ITEMS: ECB, CA- Trade. US- Trade, Weekly Jobs
- The ECB decision Thursday is
key. On Wednesday an unnamed ECB official
appeared to signal a rate cut is in store.This would have little
impact on the economy but send a support message. There is a lot of
room for a disappointment if there is no ECB action.
- PMI data released today have
been mixed. The HSBC flash Chinese PMI was revised down.
- The EZ flash PMI was unrevised.
The Swiss PMI regained the 50 level (50.2).
- The FOMC decision
Wednesday was cautious to neutral as expected. Future policy decisions
will be data dependent.
- Japanese Golden Week
holidays continue off and on all week..
20d
avg
|
10-yr
|
Equities
|
EURUSD
1.3060
|
JGB
0.59% -2bp
|
Asia:Mixed
|
USDJPY
98.45
|
Bund
1.22% +2bp
|
Europe
Higher
|
EURJPY
128.59
|
U.S.1.64%
-3bp
|
U.S.:Lower
|
GVI Forex Blog 08:45 GMT May 2, 2013
Reply
HIGH IMPACT ITEMS: ECB, CA- Trade. US- Trade, Weekly Jobs
The ECB decision Thursday is key. On Wednesday an unnamed ECB official appeared to signal a rate cut is in store.This would have little impact on the economy but send a support message. There is a lot of room for a disappointment if there is no ECB action.
ECB rate cut today? PMI reports mixed
london red 08:43 GMT May 2, 2013
buy euro
nice pop on cable but should really follow through on a good beat like that, suggests my view yesterday evening holds some water. 100 day sma at 15555 is first support while a move below todays low targets 100 hour sma/1.5410. with non farms tomorrow there is a risk that nothing is decided today, but by tomorrow evening at latest cable needs to be north of 1.5606 otherwise fridays low could be anything from 1.54 downwards.
GVI Forex john bland 08:31 GMT May 2, 2013
Fixed Income
Reply
Major bond market prices mixed. Peripherals weaker.
london red 08:29 GMT May 2, 2013
buy euro
periphery pmis wre expected to be slightly better than estimated officially when comparing last weeks german pmi print and euroland as a whole, so its no surprise that they are better and I think thats seen in the limited upward reaction in euro. had the pair been trading a bit lower i think the reaction could have been a bigger one.
uk construction pmi out in seconds should be marginally higher than 48 and cable could rally a bit higher on this if seen.
GVI Forex john bland 08:12 GMT May 2, 2013
Eurozone
EZ, GE and Fr final Mfg PMI. Germany Revised down slightly from flash estimate...
GVI Forex john bland 08:09 GMT May 2, 2013
Eurozone
EZ final Mfg PMI. No change from flash estimate...
singapore td 08:07 GMT May 2, 2013
buy euro
EU zone data weak but not really that bad, Swiss is good and Germany still improve from previous
singapore td 08:05 GMT May 2, 2013
buy euro
keep buying euro until it does not work anymore, just a reminder of this post!
singapore td 09:26 GMT April 26, 2013
buy euro : Reply
Buy EURUSD
Entry: Target: Stop:
quoting Ashraf: As expectations of ECB rate cut become more entrenched in the mkt, the euro could in fact RISE after a rate cut.
GVI Forex john bland 08:03 GMT May 2, 2013
Switzerland
EARLIER: April Swiss PMI back in expansion zone.
GVI Forex john bland 08:01 GMT May 2, 2013
China
EARLIER: HSBC final PMI. weaker
JERUSALEM kb 07:07 GMT May 2, 2013
Trading the sup & ress. levels
take care from the storm ,it will hit the market very soon.
set and watch don't try to catch it .
Jeddah Abb 05:27 GMT May 2, 2013
Daily TA trade
Belgrade TD can you clarify your view for medium and long term for Aud/Nzd thank you..
hyderabad Krishna 05:27 GMT May 2, 2013
eur/jpy
Reply
Amman wfakhoury:
your comments on eur/jpy.....
SaR KaL 04:23 GMT May 2, 2013
KaL's Trend and Level
cable short
1.5517 1.4814 1
1.5694 1.4646 2
1.5872 1.4482 4
1.6050 1.4321 6
1.6228 1.4164 9
1.5466 1.4568 (Acc Mean)
SaR KaL 04:21 GMT May 2, 2013
KaL's Trend and Level
Longing USDCHF
0.9628 0.9252 1
0.9723 0.9162 2
0.9818 0.9073 4
0.9913 0.8986 6
1.0007 0.8901 9
0.9729 0.9241 (Acc Mean)
tgt .95 area
GVI Forex Jay Meisler 01:48 GMT May 2, 2013
What You Will Not Find in a Trading Book
-- What You Won't Find in a Trading Book--
I am holding a webinar on Thursday 16:00 GMT to discuss my trading system whose goal is trading with reduced risk.
You can also request a different time as we will be holding another one next week to cover different time zones.
Space is limited. To reserve your spot, send me an
EMAIL
Hong Kong AceTrader 01:34 GMT May 2, 2013
***AceTrader DAILY USD/JPY OUTLOOK : May 2, 2013***
Reply
DAILY USD/JPY OUTLOOK - 97.34
01 May 2013 22:51GMT
Despite dlr's choppy sideways trading abv Tue's 2-week low of 96.99, as long as y'day's European res at 97.68 holds, decline fm last Mon's high of 99.89 shud resume for re-test of said sup n then twds 96.58 b4 rebound due to loss of momentum.
Sell on recovery for weakness to 96.80 or turn long at 96.70 in anticipation of a bounce to 97.55.
STRATEGY : 1.Sell at 97.65 or 2.Buy at 96.70
OBJECTIVE : 1)96.80 or 2)97.55
STOP-LOSS : 40 points
RES : 97.68 / 98.20 / 98.48
SUP : 96.99 / 96.58 / 95.80
many more chart points
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