Mtl JP 21:20 GMT May 7, 2013
United States
Looks like wealth, prosperity and growth enthusiasts getting their rewards playing the FED: SnP at new high, Dow above 15K.
Probably last place FED wants to be.
GVI Forex Inner Circle 21:00 GMT May 7, 2013
Road Map for Trading
Reply
Doesn't this chart look easy for trading!!
It is my CSA road map for trading available exclusively on the Inner Circle.
If you want to see more opportunities like this send me an EMAIL
GVI Forex Inner Circle 20:57 GMT May 7, 2013
Road Map for Trading
Reply
Doesn't this chart look easy for trading!!
It is my CSA road map for trading available exclusively on the Inner Circle.
If you want to see more opportunities like this send me an EMAIL
GVI Forex Inner Circle 20:43 GMT May 7, 2013
AUD weaker on rate cut. Especially quiet U.S. calendar this week
Reply
- HIGH
IMPACT ITEMS: CN- Trade, CH- CPI, DE- Factory Orders, US- 10-yr
- The
AUDUSD was a focus of trade Tuesday after the Reserve Bank of Australia
cut its cash rate target by 25bps to a record low of 2.75%. Markets had
been split on whether they would ease. Additional
future cuts are possible. The AUDUSD has traded lower on the rate
move.
- ECB Governor Asmussen echoed
President Draghi saying that ECB Monday is prepared to act again if
more help is needed. We feel the ECB would not be unhappy with a weaker
EUR.
- German industrial orders were
stronger than expected early on Tuesday..
20d
avg
|
10-yr
|
Equities
|
EURUSD
1.3075
|
JGB
0.59% +2bp
|
Asia:Higher
|
USDJPY
98.61
|
Bund
1.24% 0bp
|
Europe
Higher
|
EURJPY
128.94
|
U.S.1.78%
+1bp
|
U.S.:Higher
|
GVI Forex Blog 20:42 GMT May 7, 2013
Reply
HIGH IMPACT ITEMS: CN- Trade, CH- CPI, DE- Factory Orders, US- 10-yr
The AUDUSD was a focus of trade Tuesday after the Reserve Bank of Australia cut its cash rate target by 25bps to a record low of 2.75%. Markets had been split on whether they would ease. Additional future cuts are possible. The AUDUSD has traded lower on the rate move.
AUD weaker on rate cut. Especially quiet U.S. calendar this week
GVI Forex Inner Circle 20:35 GMT May 7, 2013
United States
Reply
-- ALERT --
(Estimates and Previous data for EIA Survey)
Crude Oil: +0.680 vs. +1.53 exp vs. +6.69 prev.
Gasoline: -0.185 vs. +0.500 vs. -1.82 prev.
Distillates: +1.100 vs. +0.500 exp vs. +0.475 prev.
Cap/Util: 87.2% vs. n/a exp. vs. 84.40% prev.
TTN: Live News Special Offer
dc CB 20:15 GMT May 7, 2013
Fixed Income
GVI Forex Inner Circle 17:05
3-yr Auction 0.345%
bid-to-cover 3.38 vs. 3.24
+++++++++++++++++
$32bln offering
Primary Dealers took $17.4bln
Directs took $4.6
Indirects took $9.78bln
__________________________________________
There was also a 4 Week Bill auction
the Rate on that was 0.00%
Yes not a typo 0.00%
Tom is the 10Y, Thurs is the 30Y
GVI Forex Inner Circle 19:41 GMT May 7, 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.
Mtl JP 19:21 GMT May 7, 2013
Global Markets News
Assmussen been whining about "the inefficient transmission mechanism" recently. What type of grease would improve the transmission's efficiency - he is on record claiming that current rate is not the issue
dc CB 18:58 GMT May 7, 2013
TREND
By now everyone knows that POMO is the daily physical manifestation of the Fed's love for the "1%", and the trillions in underfunded pension and stock-linked entitlements, taking place (almost) every day in the hours between 10:15am and 11:00 am Eastern, when the NY Fed's trading desk injects between $1 and $6 billion in the stock market.
From Citi's Stephen Antczak:
Fear Of Missing Out outweighs all others
There is a new factor that investors seem to be incredibly wary of, and it has nothing to do with fiscal challenges in Europe, a slow economic backdrop, shareholder-friendly activities, or the potential for rising rates. What investors seem to be most afraid of at this stage is simply missing out � missing out on carry in the best case, and continued tightening in the worst.... This FOMO mentality has become more acute and may outweigh all other worries in the near-term.
FOMO Is The New POMO
GVI Forex Inner Circle 18:25 GMT May 7, 2013
Global Markets News
A little while ago ECBs Asmussen repeated Draghi's mantra that the central bank is "prepared to act as necessary" to support the economy. We feel that the central bank could be trying to get this message out as clearly as possible.
GVI Forex Inner Circle 17:05 GMT May 7, 2013
Fixed Income
3-yr Auction 0.345%
bid-to-cover 3.38 vs. 3.24
GVI Forex Inner Circle 16:27 GMT May 7, 2013
Fixed Income
3-yr auction at the top of the hour.
GVI Forex Inner Circle 16:12 GMT May 7, 2013
Fixed Income
Reply
Major bond market prices mostly lower. Peripheral prices up.
GVI Forex john bland 15:12 GMT May 7, 2013
Calendar
Reply
May 7, 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, May 8.
Updated: Trading Events Calendar
HIGH IMPACT RELEASES: CN- Trade, DE- Factory Orders.
beijing kaprikorn 14:48 GMT May 7, 2013
TREND
BTW lastly...
There is one brilliant service provided by Denver/Tonbridge AL.
His weekly videos on EUR & GBP explain in very simple (easy to understand) and accurate manner what is going on in the market.
Jkt Abel 14:46 GMT May 7, 2013
Buy euro
Reply
Tom, reload zone approaching, we just have to be grateful all these yo-yo reloads are very good
Jkt abel 14:34 GMT May 7, 2013
Buy euro on every dips
Reply
Portuguese finance minister said 2013 financing needs are officially covered.
london red 14:32 GMT May 7, 2013
-
Reply
Cable first good support at 15480 below that 15420.
beijing kaprikorn 14:28 GMT May 7, 2013
TREND
beijing kaprikorn 16:27 GMT May 6, 2013
TREND: Reply
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.
--------------------------------------------
Positions started working fine, have some initial targets 100-200 pips lower.
GVI Forex Jay Meisler 14:16 GMT May 7, 2013
Join the Revolution
Posted for our members (eurusd 1.3115 at the time)
GVI Forex Jay Meisler 13:53 GMT May 7, 2013 - My Profile
Tuesday's Market: Reply
No stops, no follow through. Break of 1.3105 would turn it into a down with LH at 1.3126
If you would like to see more like this, then contact me for details . EMAIL or join by clicking on the link below
All you need to trade forex -- Not available anywhere else
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HK Kevin 13:58 GMT May 7, 2013
Daily TA trade
Belgrade TD 12:34 GMT May 2, 2013
Daily TA trade: Reply
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
Belgrade TD, will it be the reversal day we are waiting for?
Mtl JP 13:42 GMT May 7, 2013
buy euro
maybe soros turned his short aud
NY JM 13:31 GMT May 7, 2013
buy euro
It feels like a bunker mentality day today -- is anyone trading?
manila tom 12:57 GMT May 7, 2013
buy euro
Reply
Even after audusd fell this much euro is even firm today above 1.31. As Jay pointed out strong side is with long position. I said yesterday 1.3050-1.3070 was buy zone and so it was
London Misha 12:40 GMT May 7, 2013
Observations
Reply
EURUSD - Bearish Harami but market runs into Fib support band 1.3045 - 1.3072 on Daily Chart.
USDJPY - 3rd White Soldier on Daily Chart but nears 2013 highs resistance. Still chance of an Ascending Triangle.
GBPUSD - Bearish Harami failure again at key 50% Fib at 1.5604 after Key Reversal Up on Daily Chart.
USDCHF - 2nd White Soldier on Daily Chart. Testing key 50% Fib resistances at 0.9416 & 0.9450! 1st close back over Long MA.
EURGBP - Bearish Harami as market runs again into support Fibs at 0.8418 & 0.8406. Possible Double Bottom or Descending Triangle on Daily Chart.
AUDUSD - Bearish Matching & likely Pipe Top on Daily Chart. Today 1st breach through key 50% Fibs at 1.0224 & 1.0217!
USDINR - Possible Bullish Engulfing Pattern on Daily Chart & close back over Uptrend. Market tests combined Long MA & key 50% Fib resistance at 54.34!
USDZAR - Key Reversal Up on Daily Chart as rejects key 50% Fib support at 8.8716!
USDBRL - Possible Bearish Doji after neutral Doji on Daily Chart.
GVI Forex Jay Meisler 12:14 GMT May 7, 2013
Join the Revolution
Posted when eurusd was 1.3124:
GVI Forex Jay Meisler 11:20 GMT May 7, 2013 - My Profile
Tuesday's Market: Reply
Look at the 5 minute chart (and you can use this logic for any time frame). Market continues to be driven by a hunt for stops and this is a way to identify the riskier side to trade. This is the way I have showed you how to view the market
- Spike impossible to anticipate
- Break of o/n 1.3096 high put it in a BOD mode as long as above it
- HL at 1.3110
- Stops at 1.3120 triggered
- From my toolbox -- Purple line is 50 period mva - when there is momentum this is a good indicator to watch
- Now it gets trickier as next resistance (stops?) are probably 1.3140-60 so hard to bet on follow through after running 1.3120 stops
If you would like to see more like this, then contact me for details . EMAIL or join by clicking on the link below
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GVI Forex Jay Meisler 12:02 GMT May 7, 2013
Join the Revolution
I posted this night or our private community and is what had me looking at the EURUSD buy side as the stronger side. Finding the strong side to trade is more than half the battle
EURUSD focus is on 1.3050-00, and see if the big figure pattern repeats once again - 1.30 or 1.31? Typical would be 1.31 to screw the bear side.
If you would like to see more like this, then contact me for details . EMAIL or join by clicking on the link below
All you need to trade forex -- Not available anywhere else
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london red 11:30 GMT May 7, 2013
-
Reply
Eurgbp at 10 day sma which has supported underlying trend nicely dyrig the past few weeks. Draghi comments are weighing on the cross so its quite possible that the high for the day has been seen if downtrend is to be held. However better German data risks a move higher with a double bottom formation in play with targets of 8471 and 8500. If the pair does move higher euro should get dragged higher and test its 100 day sma at 13156.
Melbourne Qindex 10:47 GMT May 7, 2013
EUR/USD : Current Comments
Gold
Entry: Target: Stop:
EUR-GOLD (1113.98) : Critical Point 1098.4
The market is going to tackle the lower range at 1105.2 - 1110.5. Speculative selling pressure will increase when the market is trading below the critical point at 1098.4. Keep an eye on the correlation between EUR/USD and GOLD.
Qindex.com
EUR-GOLD : Monthly Cycle Charts
GVI Forex Inner Circle 09:56 GMT May 7, 2013
Chart Points
Reply
Day-Trading Chart Points (basis prior day ranges)
Hong Kong AceTrader 09:48 GMT May 7, 2013
*** AceTrader Spot Gold Daily Outlook - May 7, 2013 ***
Reply
SPOT GOLD DAILY OUTLOOK - 1459.50
07 May 2013 08:49GMT�
Despite gold's recovery fm last Fri's low at 14�
56.40 to 1479.00 y'day, subsequent sharp retreat�
suggests choppy consolidation below last Fri's high�
at 1487.90 res is seen, below 1456.40 wud signal up�
move fm Apr's 1322.20 low has made a temp. top �
there but sup at 1449.00 shud remain intact.�
On the upside, abv 1479.00 wud revive bullish-�
ness n bring re-test of 1487.90, abv wud extend�
aforesaid rise twd 1500.00. Stand aside.�
STRATEGY : Stand aside
RES : 1479.00/1487.90/1500.00
SUP : 1456.40/1449.00/1440.90
GVI Forex john bland 09:32 GMT May 7, 2013
Australia cuts rates. Quiet U.S. calendar this week
Reply
- HIGH
IMPACT ITEMS: AU- RBA Decision, DE- Factory Orders
- The Reserve Bank of Australia
cut its cash rate target by 25bps earlier today to a record low of
2.75%. Markets had been split on whether they would ease or not.
some view it as an "insurance" move. Additional future cuts are
possible. AUDUSD is lower on the move.
- ECB President Draghi said
Monday the ECB Monday is prepared to act again if data say more help is
needed.Odds are the ECB would not be unhappy with a weaker EUR.
- Austerity dead in Europe? It
suddenly has become clear in key Eurozone countries that austerity is
painful and often counter-productive.
20d
avg
|
10-yr
|
Equities
|
EURUSD
1.3075
|
JGB
0.59% +2bp
|
Asia:Higher
|
USDJPY
98.61
|
Bund
1.24% 0bp
|
Europe
Higher
|
EURJPY
128.94
|
U.S.1.76%
-1bp
|
U.S.:Mixed
|
GVI Forex Blog 09:28 GMT May 7, 2013
Reply
HIGH IMPACT ITEMS: AU- RBA Decision, DE- Factory Orders
The Reserve Bank of Australia cut its cash rate target by 25bps earlier today to a record low of 2.75%. Markets had been split on whether they would ease or not. some view it as an "insurance" move. Additional future cuts are possible. AUDUSD is lower on the move.
Australia cuts rates. Quiet U.S. calendar this week
GVI Forex john bland 08:59 GMT May 7, 2013
Fixed Income
Reply
Major bond market prices mixed. Peripheral prices up.
Cambridge Joe 08:47 GMT May 7, 2013
AUSUSD
Agreed td. more upside than down IMO. I just hate catching neg territory.. esp so early on....
singapore td 08:37 GMT May 7, 2013
AUSUSD
Joe, i think i will be looking for long entry as well for short term play first in coming sessions, don't think it can go much beyond parity first try, may even yield a very good bounce
Cambridge Joe 08:36 GMT May 7, 2013
AUSUSD
Aaargh... it happens. :-((
Cambridge Joe 08:05 GMT May 7, 2013
AUSUSD
Sorry... 0192. too much haste.
Cambridge Joe 08:04 GMT May 7, 2013
AUSUSD
Reply
Trying a small long scalp here. Enrty 3090. GL
Cambridge Joe 07:28 GMT May 7, 2013
EURUSD
Reply
Reasonable short scalp eurusd about one hour from here.
Maybe around 3092.... ish... !
IMO. GL
GVI Forex Jay Meisler 07:02 GMT May 7, 2013
Join the Revolution
Reply
I posted this night or our private community and is what had me looking at the EURUSD buy side as the stronger side. Finding the strong side to trade is more than half the battle
EURUSD focus is on 1.3050-00, and see if the big figure pattern repeats once again - 1.30 or 1.31? Typical would be 1.31 to screw the bear side.
If you would like to see more o this, then contact me for details . EMAIL or join by clicking on the link below
All you need to trade forex -- Not available anywhere else
ICSForex Advantage
Cambridge Joe 06:59 GMT May 7, 2013
AUDUSD
Reply
Audusd buying around 13:30 GMT. IMO. GL
EURAUD... mirror image. So it seems to me !
GVI Forex 06:55 GMT May 7, 2013
Tuesday
Reply
7th May 2013
Overnight News
� RBA cuts rates 25bps to a record low 2.75%
� Lloyds consumer barometer shows UK job security at a 3 year high
FOREIGN EXCHANGE
� Stronger payrolls provide no general USD positive momentum but risk positive bias sustained
� ECB comments leave possibility of negative rate open, but little short term downside risk to EUR
Lloyds Bank Market Strategy Daily
perth wtr 04:58 GMT May 7, 2013
rates
ab, soon the new norm is global stagflation, new gigantic global credit crisis in the making
hk ab 04:48 GMT May 7, 2013
rates
Reply
If all countries adjust their rates to 0,
1. We don't have carry anymore.
2. People will push to loan and make the debt to unimagined levels.
0 inflation as a result of fake/manipulated govt #.
Interesting.
Sydney ACC 04:45 GMT May 7, 2013
RBA Cuts Cash Rate by 0.25%
Reply
RBA cuts the cash rate by 0.25% to 2.75% the lowest since the bank was established in 1958.
Notwithstanding the reduction it only takes us back to the interest differential against the EUR that prevailed a week ago and retains over 200 basis points versus USD and GBP.
Hong Kong AceTrader 01:35 GMT May 7, 2013
*** AceTrader Market Review : Euro falls on Draghi's comments - May 8, 2013 ***
Reply
Market Review - 06/05/2013 23:02GMT
Euro falls on Draghi's comments
The single currency dropped against the greenback after ECB President Mario Draghi said the central bank is ready to act if required.
ECB's Draghi repeated his last Thursday's comments in Rome and said 'ECB watching data and is ready to act again.'
Although the single currency edged higher to session high at 1.3141 in Asian morning, price met selling interest there and weakened to 1.3093 in early European morning. Euro traded in a narrow range in thin trading conditions during European session as UK was closed for May day holiday before falling sharply to an intra-day low at 1.3053 in New York morning on ECB's Draghi comments. Later, euro recovered to 1.3086 in New York afternoon before stabilising.
Versus the Japanese yen, the greenback opened slightly higher in New Zealand and traded in a very narrow range till European open due to market holiday in Japan. Price found good buying interest at European open and above Friday's 99.28 high to 99.45. However, dollar pared intra-day gains and retreated to 99.15 before rising again to 99.44/45 in New York afternoon.
Although the British pound rose in tandem with euro to session high at 1.5599 in Asian morning, price retreated to 1.5558 in European morning before trading sideways. Cable came under selling pressure at New York open and dropped to an intra-day low at 1.5521 in New York morning, however, price pared intra-day losses and rebounded to 1.5548 in U.S. afternoon.
In other news, ECB's Yves Mersch said 'ECB will do all that is needed for euro to have long, prosperous life; single bank resolution mechanism essential, funds cud come from private sector; EU commission's proposal for financial transaction tax merits impact assessment, modifications.'
On the data front, EU retail sales m/m came in as expected at -0.1%. Germany services PMI was reported slightly better-than-expected at 49.6 vs forecast of 49.2.
Data to be released on Tuesday:
Australia trade balance, import, export, RBA rate decision, Swiss unemployment rate, France trade balance, industrial production, manufacturing production and Germany factory orders.
tokyo ginko 01:20 GMT May 7, 2013
JPY
nothing major news out for USD/JPY movement, intra day play
LA BV 01:18 GMT May 7, 2013
JPY
Reply
Any news out in JPY?
dc CB 00:25 GMT May 7, 2013
Cyprused
JP
that's a derivative, of the original move...finding that what you thought/were told is YOURS is not.
The base financial instrument of the move is "Corzined". Let's not obscure the original move by crediting its imitators. Cyprus wasn't a test. It was just an extension of what proved to be a viable tactic in the largest money market in the Capitalist World...New York/Chicago USA.
many more chart points
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