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Forex Forum Archive for 05/06/2013

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GVI Forex 23:01 GMT May 6, 2013
Forex News
Reply   
* Euro softens after dovish comments from ECB head

* Draghi says ready to cut rates further if needed

* Aussie dlr defensive ahead of rate decision


FOREX NEWS - Euro tripped by ECB, Aussie eyes rate decision

GVI Forex john bland 21:36 GMT May 6, 2013
Calendar
Reply   


May 6, 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Tuesday, May 7. Updated: Trading Events Calendar

HIGH IMPACT RELEASES: AU- RBA Decision, DE- Factory Orders.



Thunder Bay TJL 20:56 GMT May 6, 2013

Reply   
Sell EURUSD
Entry: Target: Stop:

Forex is not really new in the financial market. In fact, it is not only known by big players in the world, but also by small organizations and individuals lately. Now, forex is no longer ruled by the big players; people from all walks of life can actually do forex trading.

Before plunging in trading, you must know certain terms that are used in the market. One important term is the forex trading system. What it is all about, and what is its use.

The birth of the internet has changed the face of forex trading. Because of this very valuable tool, the FX market is easier to access, making it more convenient to small players. And all most importantly, all of this happens in real time, which is why online traders can actually make quick decisions regarding their trade.

Forex trading system is ergonomic and intuitive. All the necessary functions involved in forex trading can be done from your main screen. You can place a trade and leave an order. And not only that, you can also conduct margin analysis and position/order management.

There are many companies, located in different countries, which can provide you with a forex trading system. The very first thing that a system usually involves is investment of money. Some companies would require you to invest as low as five dollars while some can ask for as high as five hundred dollars for upfront payments. Forex systems greatly vary, and it depends largely on the company offering such service.

With the system, you can purchase companies, stocks, and make investments even in other places. You can enhance your wealth and personal preferences by investing in a forex trading system. By investing a certain amount of money, you can make even more money in the future. The forex trading system that many traders know about is built among leading companies, investors, and worldwide currencies.

The trading system can be offline or online. You are free to choose which system will work best for you. However, online trading systems are gaining more and more popularity because you have easy access to the money that you've invested. Offline trading systems usually involves a lot of paperwork; while with an online system, you can instantly invest, trade, move, and remove money faster.

All it takes is for you to learn about the investment, and how to trust the right brokers in case you may need to make additional decisions in the future. You must be involved with a company which you can communicate with any time during a business day. That particular company should be able to provide you with a telephone number, fax number, and email address. Steer clear from companies which do not disclose such information.

Without the right trading system, you can't trade effectively. Therefore you must choose a system which is suited for you as an individual. You must consider the trading style and the risk that it involves. A system which focuses more in risk and money management techniques is a good one. Look for a company who has been in business for many years and those with proven professional experience. It must also provide you with tools and strategies that will help you in developing your very own online trading system. If you select the right company, you can find one that is of best value for your money.

Choosing a good, and probably the best, forex trading system is one of the first things that you should learn in forex. There are three factors usually considered in choosing a forex trading system, namely: profitability, acceptability, and one that fits your daily routine.

Profitability is probably the most important consideration. People invest money to make profits, and a good system should provide that. It is shown in dollar amounts or pips/month.

Every system has a drawdown, and it is also expressed in pips. It is the biggest decrease in equity in the past. In comparing different systems, you should take a close look on its historical drawdown.

Also check for the systems profit and loss ration, as well as its win and loss ratio. The system should have consistency and you can effectively tell this by looking into their monthly or quarterly, and yearly results.

Once you've chosen a system, learn all about it, and you can expect to gain a lot from your investment.
Signed Thomas Lawson.

Mtl JP 20:51 GMT May 6, 2013
Cyprused
Reply   
Brazil wants shareholders to pay for rescue of troubled banks rtrs

Mon May 6, 2013 (Reuters) - The Brazilian government, concerned about systemic risk in the rapid growth of banking assets, will propose legislation to make shareholders, bondholders and depositors pay for rescuing troubled banks and shield taxpayers from the cost of bailouts. ... and Canada is also considering rules to deal with potential bank failures. ... The European Union is also discussing proposals for shareholders and some depositors to take on losses of failed banks...

GVI Forex Blog 20:40 GMT May 6, 2013 Reply   
Event risk today: NZ secondary labour reports today will probably attract little market attention, the local highlight being the RBA meeting where the market is pricing in a 50% chance of a 25bp cut. Westpac’s economists expect it will be a close call but opt for a June cut instead. Australia’s trade balance is also released today.

Forex - Morning Report

GVI Forex john bland 20:33 GMT May 6, 2013
Draghi more ease possible. Final EZ Service PMI data in contraction
Reply   

  • HIGH IMPACT ITEMS: AU- RBA Decision, DE- Factory Orders
  • The focus early Tuesday will be on the Reserve Bank of Australia monetary policy decision. Analysts seem mainly to expect policy to be kept on hold., but the markets have priced in about 50-50 odds on a rate cut as the Australian economy weakens.
  • ECB President Draghi roiled the markets on Monday when he said the ECB is prepared to act again if the data suggest more help is needed for the economy..
  • Eurozone final April Service PMI data released today saw the flash reports revised up modestly, but still in economic contraction.
  • Austerity dead in Europe? It suddenly has become clear in key Eurozone countries that austerity is painful and perhaps counter-productive. A German architect of the EUR calls for a break-up.
  • Odds are the ECB would not be unhappy with a weaker EUR..
20d avg
10-yr
Equities
EURUSD 1.3075
JGB 0.57% 0bp
Asia:Higher
USDJPY 98.61
Bund 1.24% +8bp
Europe Lower
EURJPY 128.94
U.S.1.77%  +2bp
U.S.:Mixed

GVI Forex Blog 20:32 GMT May 6, 2013 Reply   
HIGH IMPACT ITEMS: AU- RBA Decision, DE- Factory Orders The focus early Tuesday will be on the Reserve Bank of Australia monetary policy decision. Analysts seem mainly to expect policy to be kept on hold., but the markets have priced in about 50-50 odds on a rate cut as the Australian economy weakens.

Draghi more ease possible. Final EZ Service PMI data in contraction

Minneapolis DRS2 20:30 GMT May 6, 2013
Test

I tried, my sub has expired...

GVI Forex Jay Meisler 20:22 GMT May 6, 2013
Test

DRS2 -- good to see you, log on to GVI

Minneapolis DRS2 20:20 GMT May 6, 2013
Test
Reply   
Test

GVI Forex john bland 19:53 GMT May 6, 2013
Chart Points

Latest Closing Trading Points...
many more chart points
About Moving Averages
About Bollinger Bands


Refresh Forum Manually to Update Table.


dc CB 19:50 GMT May 6, 2013
The Latest Contribution To US GDP
Reply   
Sadly, we are not making this up: as part of the BEA's latest revision to the way it calculates GDP, the government will no longer count the amount of pension funding that is actually allocated to retirement accounts (counted as wages in the GDP calculation): i.e., an actual cash outlay.

Instead, what the Bureau of Economic Analysis will count are corporate promises of how much companies will (may? might?) pay... eventually. The bigger the lie and the promise, the higher the GDP. And presto.

Promises... No Really

GVI Forex john bland 19:48 GMT May 6, 2013
Chart Points
Reply   

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.

JERUSALEM kb 19:19 GMT May 6, 2013
Trading the sup & ress. levels

Buy OTHER
Entry: cadchf0.9315 Target: 0.9370-open Stop: 0.9250

bought

Lahore FM 18:57 GMT May 6, 2013
" Trade Ideas "

OTHER
Entry: Target: Stop:

usdsek and usdnok are going to blow through the top and make several percentage rises over coming weeks from current 6.5403 and 5.8304 respectively.DYOD for entry.

to dk 17:33 GMT May 6, 2013
TREND

g-y looks long on all frames

to dk 17:20 GMT May 6, 2013
Alert



test

Paris ib 16:46 GMT May 6, 2013
Alert

JP.... indeed. Did the Yanks refuse to hand over the gold? I kind of stopped following that storyline. A faith based circle of friends which no longer works in Europe. Everyone is hiding behind the ECB. And the ECB is going to make them pay for it.

Mtl JP 16:28 GMT May 6, 2013
Alert

ib the last notable market seizure came by way of the inter bank market , basically a faith-based circle of friends. Until they stop being friends. Americans sold a lot of crap promises to European banks. I keep wondering why the German is so lax in his demand to repatriate his Gold.

beijing kaprikorn 16:27 GMT May 6, 2013
TREND

beijing kaprikorn 11:04 GMT May 6, 2013
TREND: Reply
Testing further my assumption:
Sold GBP/USD @1.5563 - SL 1.5636

beijing kaprikorn 16:27 GMT May 3, 2013
TREND: Reply
Sold EUR/USD 1.3108 - SL 1.3188
Sold GBP/JPY 154.28 - SL 155.08
------------------------------------------
Lightened my initial positions:
EUR/USD at 1.3063
GBP/USD at 1.5535

Will keep the GBP/YEN with the same stop.

Porto Cubriclas 16:18 GMT May 6, 2013
Alert

Agree ;)

Paris ib 16:13 GMT May 6, 2013
Alert

Cubriclas... who knows? Fact is we aren't working in a clean market. Though possibly that's always been the case. What I do know is this: that wasn't just a slip of the tongue. Draghi said it quite clearly and specifically and he knows it would have an impact on the market. Jawboning if you like, but as long as it works and he achieves the desired results what's not to like? At least from his point of view.

Porto Cubriclas 16:04 GMT May 6, 2013
Alert

ib it means ex goldman is shorting eur?

Paris ib 15:48 GMT May 6, 2013
Alert

JP the other consequence of Draghi's comments (today and last week) is that bond yields in Europe fell quite dramatically all along the curve. He's got to be happy with that. A nice double whammy by Mr. Draghi.

Mtl JP 15:45 GMT May 6, 2013
Alert

a hit, but not such as to blow up ya ?

Paris ib 15:43 GMT May 6, 2013
Alert

The man is ex Goldman Sachs and is extremely market savvy. He knows exactly the impact the mention of negative rates had on the Euro at the last meeting. He brought this up today and the only conclusion that can be drawn is that he is OK with the Euro taking a hit.

GVI Forex john bland 15:38 GMT May 6, 2013
Fixed Income

Major bond market prices mixed. Peripherals mixed.


jkt acce 15:22 GMT May 6, 2013
Alert

They choose slow painful death. Internal bleeding everywhere.

Paris ib 15:19 GMT May 6, 2013
Alert

The negative deposit rate would apply to banks depositing money with ECB. The negative rate which is under study at present would attempt to relaunch the European inter bank market and stop the practice of banks depositing with the ECB and then turning for liquidity to the ECB. It wouldn't necessarily be aimed at the great unwashed, though there is no doubt that when everything is done and dusted it is the great unwashed who will pay the price, always and everywhere.

jkt abel 15:14 GMT May 6, 2013
eurusd

Cheers viies, lets go!

ed kw 15:13 GMT May 6, 2013
Alert

eur/gbp d bodum .8401,

Mtl JP 15:11 GMT May 6, 2013
Alert

ib 14:59 the conclusion is that yak is free to them. The Japanese used to be masters at it.

Negative rate would be a mini-version of cyprus bank-bail-in, making the great unwashed take a direct 1,2,3 maybe more percent haircut.

jkt abel 15:11 GMT May 6, 2013
buy euro
Reply   
A chance here to reload intraday 1.3057

Tallinn viies 15:11 GMT May 6, 2013
eurusd
Reply   
trying one more time euro long.
[email protected],3060 with stop @ 1,3010
target 1,3155

GVI Forex Blog 15:09 GMT May 6, 2013 Reply   
May 6, 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Tuesday, May 7. Updated: Trading Events Calendar HIGH IMPACT RELEASES: AU- RBA Decision, DE- Factory Orders.

GVI Forex Data Outlook for 7 May 2013

GVI Forex john bland 15:08 GMT May 6, 2013
Calendar
Reply   


May 6, 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Tuesday, May 7. Updated: Trading Events Calendar

HIGH IMPACT RELEASES: AU- RBA Decision, DE- Factory Orders.



Mtl JP 15:06 GMT May 6, 2013
Alert

Pivot Sup 1 1.3046, lets see

perth wtr 15:00 GMT May 6, 2013
Alert

JP, he just couldnt shut it. Bazooka went off.

Paris ib 14:59 GMT May 6, 2013
Alert

Draghi also mentioned negative rates again, saying that the council was studying the possible implications of such a policy because it is a complicated area. The fact that he AGAIN mentioned negative interest rates as a policy tool is something the market seems to be reacting to. Draghi must know that the last time he brought this up the Euro tanked.... so draw your own conclusions.

GVI Forex Jay Meisler 14:55 GMT May 6, 2013
Alert

JP, at least you know why it moved and then can assess whether to go with it or fade it.

No one could have anticipate what someone will say.

Mtl JP 14:40 GMT May 6, 2013
Alert

I do Jay. It is only matters as "explainer" in rear-view mirror of why something might have happened.

GVI Forex 14:31 GMT May 6, 2013
Alert
Reply   

-- ALERT --

Draghi said ECB prepared to act in the future if data suggests

EURUSD falls on the headline - Who says news doesn't matter?


GVI Forex john bland 14:24 GMT May 6, 2013
Canada

JP- I think the reaction to the Ivey is small because it tends to be unreliable. Note on the chart I have included the newer Markit Canadian PMI which looks to be more consistent. The problem with an unreliable data source , such as ADP, is that you can't trust it even when it appears to be correct.

Mtl JP 14:20 GMT May 6, 2013
Canada

Cad$ reaction to Ivey is, pretty consistently, approximately nil

GVI Forex john bland 14:04 GMT May 6, 2013
Canada



Canadian PMIs (Ivey and RBC-Markit). March Ivey PMI back in line with reality.

GVI Forex john bland 14:00 GMT May 6, 2013
Canada

-- ALERT --
Canada April Ivey PMI (seasonally-adjusted)
52.2 vs. 52.2 exp. vs. 61.6 prev.


TTN: Live News Special Offer


Direct links to primary data sources

Mtl JP 13:59 GMT May 6, 2013
Canada

fwiw the Ivey concesus is for 58.0, vs 61.6 last              

GVI Forex john bland 13:51 GMT May 6, 2013
Canada
Reply   

HEADS-UP: Data Due shortly
EURUSD= 1.3103
USDCAD= 1.0084

Direct links to primary data sources

Porto Cubriclas 13:36 GMT May 6, 2013
Dr.Qindex and Fm

Sell EURUSD
Entry: Target: Stop:

Even against the opinion of the my master forex trader (FM) and a great trader (Qindex) i open a eurusd short position at 1.3124 ( i put stop-loss on 1.3124). At least i will not loose. Open positions against this two "monsters" is almost suicide.

Porto Cubriclas 13:24 GMT May 6, 2013
Dr.Qindex and Fm

Thank you both.

kl fs 13:21 GMT May 6, 2013
EUR/USD : Current Comments

Buy EURUSD
Entry: Target: Stop:

even 1.31 looks like a floor now ;P

manila tom 13:16 GMT May 6, 2013
EUR/USD : Current Comments

fair enough FM, but i think it cuts too deep if your level to be seen, 1.3050-1.3070 is a better level to add existing long position IF seen IMHO, we may just go up straight

Lahore FM 13:14 GMT May 6, 2013
EUR/USD : Current Comments

from friday..another post on eurusd...

Lahore FM 14:20:22 GMT - 05/03/2013
Kaprikorn..good to see you here/

on eurusd a dip below 1.3105 here onwards can mean nothing really happened.

Lahore FM 13:13 GMT May 6, 2013
EUR/USD : Current Comments

i did Tom..the rebound since then fizzled out ..would need fresh dip and rebound from lower levels..that's the best guess i am surely not the last word but that's how i will play.

manila tom 13:11 GMT May 6, 2013
EUR/USD : Current Comments

FM, you said on friday change of direction if euro can do weekly close above 1.3050 for a run of several hundred pips higher and it did close above 1.3050, what else do you need to wait for positioning in long direction with measured and reasonable stop?

Lahore FM 13:11 GMT May 6, 2013
EUR/USD : Current Comments

around 1.3020 a long maybe tried !

Lahore FM 13:06 GMT May 6, 2013
EUR/USD : Current Comments

dailies and hourlies remain negative for eurusd imo!

not positioned though

Melbourne Qindex 13:05 GMT May 6, 2013
EUR/USD : Current Comments

Buy EURUSD
Entry: Target: Stop:

EUR/USD : Speculative buying interest will increase when the market is trading above 1.3252.


Qindex.com

EUR/USD : Monthly Cycle Charts

manila tom 13:05 GMT May 6, 2013
EUR/USD : Current Comments

wow, that's a bold euro bullish call by Dr. Qindex, thank you! that give us euro bulls more confidence boost

Porto Cubriclas, you can go long with confidence now

Melbourne Qindex 13:01 GMT May 6, 2013
EUR/USD : Current Comments

Buy EURUSD
Entry: Target: Stop:





EUR/USD : The market is going to tackle the range 1.3310 - 1.3518. A barrier is located at 1.3447.


Qindex.com

EUR/USD : Monthly Cycle Charts

Mtl JP 12:41 GMT May 6, 2013
Global Markets News

in other words receiving an honorary degree is supposed to be a happy occasion, not a venue for making a new bazooka-type announcement.

Mtl JP 12:27 GMT May 6, 2013
Global Markets News

Draghi is in Rome to accept an honorary degree from Guido Carli University

perth wtr 12:15 GMT May 6, 2013
Global Markets News

Draghi is gonna yak something later?

Mtl JP 12:08 GMT May 6, 2013
Global Markets News

wtr 12:04. nyet tovarisht, I mean BoE's new head cheese, previously of the BoC

perth wtr 12:04 GMT May 6, 2013
Global Markets News

JP, you mean BOC right?

Mtl JP 11:17 GMT May 6, 2013
Global Markets News

According to the BoE incoming new chief , solution to what ails the global economy: Banks must rebuild trust to ensure economic recovery: Carney

Make your bets ladies and gentlemen.

GVI Forex 11:07 GMT May 6, 2013
Forex news
Reply   
* Dollar gains further against the yen, nears 100 yen mark

* Optimism about U.S. economy re-emerges after jobs data

* Euro struggles versus dollar after weak services PMI

* Australian dollar falls, focus on Tuesday's RBA decision

FOREX NEWS - Dollar extends gains versus yen on better U.S. outlook

beijing kaprikorn 11:04 GMT May 6, 2013
TREND
Reply   
Testing further my assumption:
Sold GBP/USD @1.5563 - SL 1.5636

Sydney ACC 10:42 GMT May 6, 2013
Rumour - Soros to short AUD
Reply   
The Sydney Morning Herald is carrying a report George Soros is planning on shorting the AUD.

"The Aussie dollar slipped from $US1.0284 in late local trade to $US1.0253 in offshore trade as traders reacted to unconfirmed rumours that Mr Soros - who famously shorted the British pound back in 1992 - was planning a raid on the dollar ahead of Tuesday's interest rate announcement.

A large number trades shorting the dollar totalling $US1 billion were placed via Hong Kong and Singapore late Monday, believed to be by Soros Fund Management."

Read more: http://www.smh.com.au/business/markets/is-soros-shorting-the-dollar-20130506-2j3nr.html#ixzz2SVYqws9i

GVI Forex 10:26 GMT May 6, 2013
Global Markets News
Reply   
Price action in session was limited with UK markets closed for a banking holiday (**Note: Japan was also closed earlier today). The final reading of the major European PMI Services did see some improvements but it was the 'scary' preliminary readings that helped to cement the recent ECB rate cut last week.

TradeTheNews.com EU Market Update: Major European PMI Service data revised higher in final readings; Overall price action tepid with UK participants out on holiday

GVI Forex john bland 09:02 GMT May 6, 2013
Eurozone

-- ALERT --
Eurozone Real Retail Sales March 2013
mm: -0.10% vs. -0.10% exp. vs. -0.30% prev (-0.20% r.)
yy: -2.40% vs. -2.20% exp. vs. -1.40% prev. (-2.10% r.)


TTN: Live News Special Offer


Direct links to primary data sources

GVI Forex john bland 08:52 GMT May 6, 2013
Is austerity dead in Europe? Friday U.S. April jobs better
Reply   

  • HIGH IMPACT ITEMS:  No Major Data
  • Is Austerity dead in Europe? It suddenly has become clear in key Eurozone countries that austerity is painful and perhaps counter-productive. A German architect of the EUR calls for a break-up. For the record, we had felt it was an unworkable  hair-brained scheme from the start.  Expect the bureaucrats to forge ahead with it. They have to much invested.
  • The ECB finally acknowledged that it has a major unemployment problem on its hands. monetary can support the economy but,  its tools are unlikely to be terribly effective in promoting job growth.
  • Many had thought ECB President Draghi was hinting Thursday at the possibility of negative interest rates to coax banks to promote private sector borrowing.. The significance of Nowotny's clarification Friday was that it confirms the initial market reading of Draghi was correct.
  • Odds are the ECB would not mind a weaker EUR..
  • The Fed decision on Wednesday was down the middle, indicating that future policy decisions are data dependent. April U.S. employment data (after revisions) were stronger than expected.
20d avg
10-yr
Equities
EURUSD 1.3071
JGB 0.57% 0bp
Asia:Higher
USDJPY 98.60
Bund 1.24% +8bp
Europe Mixed
EURJPY 128.90
U.S.1.74%  -1bp
U.S.:Higher

GVI Forex Blog 08:52 GMT May 6, 2013 Reply   
HIGH IMPACT ITEMS: No Major Data Is Austerity dead in Europe? It suddenly has become clear in key Eurozone countries that austerity is painful and perhaps counter-productive. A German architect of the EUR calls for a break-up. For the record, we had felt it was an unworkable hair-brained scheme from the start. Expect the bureaucrats to forge ahead with it. They have to much invested.

Is austerity dead in Europe? Friday U.S. April jobs better

GVI Forex john bland 08:50 GMT May 6, 2013
Eurozone


HEADS-UP: Data Due shortly.
Details at top of the page
(Manually refresh forum to update
EURUSD= 1.3106
GBPUSD= 1.5560
USDJPY= 99.40

Direct links to primary data sources

JERUSALEM kb 08:35 GMT May 6, 2013
Trading the sup & ress. levels

Buy USDJPY
Entry: a close above 100 Target: open Stop: 99.65

buy stop 1hr close above 100

JERUSALEM kb 08:29 GMT May 6, 2013
Trading the sup & ress. levels

Buy
Entry: 99 35 Target: 101 Stop: 98.75

bought

GVI Forex john bland 08:11 GMT May 6, 2013
Fixed Income
Reply   
Major bond market prices mixed. Peripherals mixed.

GVI Forex john bland 08:05 GMT May 6, 2013
Eurozone



EZ, German and French final Services PMI. France and Germany revised up modestly...

GVI Forex john bland 08:03 GMT May 6, 2013
Eurozone



EZ, final Services PMI revised higher.


GVI Forex john bland 07:58 GMT May 6, 2013
Eurozone


-- ALERT --
EZ Final Service PMI April 2013
Svc: 47.0 vs. 46.6 exp. vs. 46.6 prev.
France
44.3 vs. 44.1 (flash) exp. vs. 44.1
Germany
49.6 vs. 49.2 (flash) exp. vs. 49.2



TTN: Live News Special Offer
Direct links to primary data sources

GVI Forex john bland 07:52 GMT May 6, 2013
Eurozone
Reply   



HEADS-UP: Data Due shortly.
Details at top of the page
(Manually refresh forum to update
EURUSD= 1.3105
GBPUSD= 1.5565
USDJPY= 99.43

Direct links to primary data sources

Paris ib 07:39 GMT May 6, 2013
Fixed Income

Thanks CB.

I'm a bit bemused by price action right now, not just in bonds. Choppy as all h.ell out there. Bear trap in stocks: agreed. U.S. Bonds strike me as trapped in a range with wild price swings within that range. European bonds remain in rally mode, though Germany is seeing the exodus of previous panic induced fund inflows. Forex is the same: trapped in a fairly well defined range with wild price swings within the range. Was wondering on the weekend if ranges just keep on holding. That struck me as the most improbable outcome and therefore perhaps worth considering.

GVI Forex Blog 07:04 GMT May 6, 2013 Reply   
(AU) AUSTRALIA MAR RETAIL SALES M/M: -0.4% V +0.1%E (first decline in 3 months) - (AU) AUSTRALIA Q1 RETAIL SALES EX INFLATION Q/Q: 2.2% V 1.7%E - (AU) AUSTRALIA APR ANZ JOB ADVERTISEMENTS: -1.3% V -0.

TradeTheNews.com Asian Market Update: Expectation for an RBA rate cut tomorrow building following retail sales decline***Economic Data*** - Source TradeTheNews.com

Hong Kong AceTrader 06:31 GMT May 6, 2013
*** AceTrader Daily Outlook on AUD/USD : May 6, 2013 ***
Reply   
DAILY AUD/USD OUTLOOK - 1.0285

06 May 2013 01:30GMT

Despite last week's selloff fm 1.0386 to 1.0222 (Thur), Fri's strg bounce to 1.0323 (NY) suggests further choppy trading abv Apr's low at 1.0221 wud continue with mild upside bias, however, reckon res at 1.0386 shud hold n yield another fall later.

Buy on dips n only below 1.0240 signals decline fm 1.0586 has resumed, 1.0221/22, break, 1.0100/03.

STRATEGY : Hold long

POSITION : Long at 1.0285

OBJECTIVE : 1.0345

STOP-LOSS : 1.0255

RES : 1.0323/1.0339/1.0386

SUP : 1.0240/1.0221/1.0162

jkt abel 05:09 GMT May 6, 2013
buy euro on dips, strong supports
Reply   
agree with that assessment, any approach to 1.3050 if seen should be used as an opportunity to buy euro, start with intraday gradually build up long position imo

manila tom 04:59 GMT May 6, 2013
Dr.Qindex and Fm

Buy EURUSD
Entry: Target: Stop:

Curbiclas, give us a favour, search the archive will give you this:
Lahore FM 12:57 GMT May 3, 2013
" Trade Ideas " : Reply
EURUSD
Entry: Target: Stop:

weekly close above 1.3052 can set up bullish run which might last a few hundred pips if not more imo!

Sydney ACC 04:48 GMT May 6, 2013
Euro bye bye

its only when the people start to violently protest. Something akin to the Paris 1968 riots.
Only thing is the students of today are more conservative than their predecessors in the 1960's. Recall the anti-Vietnam moratoriums in Australia, the protests at the US embassy in Grosvenor Square regarding US bombing of North Vietnam, anti-apartheid protests that stopped springbok tours.
The students in the 60's didn't have to worry about getting a job unlike today's, And that is the main reason they should get out into the streets and try and change things. If they don't when they leave uni they are going to be another statistic. I'm glad my lads have several more years at school and uni before they join the job queues.

Porto Cubriclas 04:16 GMT May 6, 2013
Dr.Qindex and Fm
Reply   
EURUSD
Entry: Target: Stop:

Hi. Can we have your view about eurusd? TIA

Syd 03:45 GMT May 6, 2013
Euro bye bye
Reply   
Sydney ACC its only a matter of time .. its like a dying patient in ER they need to turn off the life support asap

GVI Forex Blog 03:43 GMT May 6, 2013 Reply   
The US, European markets and global commodities closed with good gainS last Friday

Morning Briefing : 06-May-2013 -0341 GMT

 




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GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 27 May 2019
AAGB/US- Holiday
Tue 28 May 2019
A 14:00 US- Consumer Confidence
C 13:00 US- Case-Shiller
Wed 29 May 2019
A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
A 12:30 US- Weekly Jobless
Fri 31 Mar 2019
AA 10:00 EZ- Flash HICP
A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan


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