GVI Forex john bland 23:54 GMT May 10, 2013
Fed
Interesting they withheld the article until well after the Friday close. Suggests that Bernanke provided ground rules to Hilsenrath and the WSJ. Gives the story credibility.
dc CB 23:48 GMT May 10, 2013
Fed
Paris ib....looks like the "false rumor Tweet" wasn't.
so that's why...going into the weekend with "rumors of WAR" all over the place. Treas sold off.....
guess the Hilsenrath Email list is as long as the Feds, when those in the Know need to Know.
as George Carlin said....YOU ARE NOT IN THE CLUB
______________________________________________________
Yesterday, the rumor turned out to be a joke. Today, there was no rumor, but as we warned four hours ago, it was only a matter of time. Less than four hours later, the time has come, and Jon Hilsenrath's "Fed Maps Exit from Stimulus", conveniently appearing after the close, has just been released.
From Hilsy, and one of his final attempts to remain relevant, pointing out what everyone already knew:
""" Federal Reserve officials have mapped out a strategy for winding down an unprecedented $85 billion-a-month bond-buying program meant to spur the economy—an effort to preserve flexibility and manage highly unpredictable market expectations.""""
The Hilsenrath "Tapering" Article Is Out
GVI Forex Inner Circle 22:58 GMT May 10, 2013
Fed
-- Market-Moving News --
REPORT: FED sees a "cautious" withdrawal from program timing uncertain.
GVI Forex 22:56 GMT May 10, 2013
Fed
Reply
-- Market-Moving News --
REPORT: Fed "refining" plan to exit from bond buying program. Probably mid-year or later depending on future data.
Paris ib 20:29 GMT May 10, 2013
Fixed Income
CB.... interesting developments indeed. Can't help but think that margin traders in the forex market are giving Japanese investors an excellent exchange rate for the repatriation of funds from foreign bond markets. The hoopla about floods of foreign money (especially from Japan) is not born out by the price action in the U.S. Treasury market. Either the forex market is way ahead of itself or it is mega long USDs on a wing and a prayer. Waiting for the flood to bail them out. Could be a long wait.
Still wondering what higher longer term bond rates mean (if this is the start of a trend) for other markets.
GVI Forex Inner Circle 20:03 GMT May 10, 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.
Central Kwun 19:01 GMT May 10, 2013
EUR
Reply
Buy EURUSD
Entry: Target: Stop:
suddenly non USD rebound a lot
Central Kwun 19:01 GMT May 10, 2013
EUR
Reply
Buy EURUSD
Entry: Target: Stop:
suddenly non USD rebound a lot
Mtl JP 18:55 GMT May 10, 2013
GOLD
Gold should defy gravity particularly once our best friends start lending money at negative real interest rates
Israel Dil 18:49 GMT May 10, 2013
GOLD
Paper i trade and physical i store :-)
JERUSALEM KB 18:48 GMT May 10, 2013
Trading the sup & ress. levels
Crude
Entry: Target: Stop:
Will not hesitate to go long if we have a weekly close above trend line 96.10
Israel Dil 18:47 GMT May 10, 2013
EURO - sell sell sell
the dutch will smoke marijuana and will come with a magic solution to solve all problems, they will hire Amman Wfakhoury as fheir head of crisis team.
Mtl JP 18:46 GMT May 10, 2013
GOLD
Dil 18:39 is that planning on buying physical or paper representation ?
Mtl JP 18:42 GMT May 10, 2013
EURO - sell sell sell
ya, lets weaken euro to zero
The Dutch run 250% household debt to income.
Dutch banks have 650 billion euros on outstanding mortgages.
Dutch real-estate prices continue to tank.
Israel Dil 18:39 GMT May 10, 2013
GOLD
Reply
During next month i am gold buyer for 250$ move up ... price and time unknown now, but plan is clear, will buy gold for 250$ move up (at least).
Israel Dil 18:31 GMT May 10, 2013
EURO - sell sell sell
Reply
growth and payment of debts across Europe needs much weaker single currency ... the rest is scalp mania, selling the EURO is the trade that makes and will make money.
Dil
Mtl JP 18:24 GMT May 10, 2013
Student Debt Slows Growth as Young Spend Less
dc CB it is only a matter of time before the negative worth generation inherits the booming stocks and the by 20% ytd booming housing prices; suggest to be thankful to our best friends at the Fed, BoJ, BoE & Co for their experimental and bold actions
SaR KaL 18:10 GMT May 10, 2013
eurusd wants north now
i want to buy EURJPY
using 5 minutes...but scared
131.4058
to
131.2844
worth it?
dc CB 17:40 GMT May 10, 2013
Fixed Income
to me this is the real shocker of the day.
considering that the Auction went well yesterday.
and since the auctions are over, the oversupply is somewhat relieved.
GVI Forex Inner Circle 17:32 GMT May 10, 2013
Best Friends
JP- Always a risk but I wonder if a lot of the stops have already been triggered?
Mtl JP 17:26 GMT May 10, 2013
Best Friends
headline risk into afternoon NY session
be it rating agency , G7 plant ect
JERUSALEM kb 16:50 GMT May 10, 2013
HOw to calculate your profits
Reply
there is two ways to calculate your profits
1-which is the most popular method by no. of pips and this is the most disaster method because we use different size to trade and there is no rario for risk.
2-risking a certain percent of money invested : for example I took this week a long order on oil with 5% (it was a 200pips sl) this trade hit sl with 5%- at rhe same time I went long on usdjpy with 5% sl (20pips sl) and 14% target (55pips target)
so total gain is 9% +
what I want to say that we will never be a profitable trader only if we trade wirh a plan and this plane is a risk and eisk rewards.
I HOPE I ADD SOMETHING AND SAVE SOMETHING
Mtl JP 16:41 GMT May 10, 2013
Best Friends
Reply
Keep on, or enough already? Fed officials spar over QE3
(Reuters) - Little over a week after U.S. Federal Reserve policymakers overwhelmingly endorsed a plan to keep buying bonds to spur economic growth and hiring, they are airing their differences over their super-easy policy.
-
Central Banks Keep Easing After Cuts Fail to Spur Growth - bbrg
Central banks are our best friends not because they like markets, but because they can only get to their macro objectives by going through the markets,” Mohamed El-Erian. “The hope is that improving fundamentals will validate what central banks have done.”.../..
Mtl JP 16:05 GMT May 10, 2013
gold
White House: Obama Going to Germany June 18-19
to talk to the german about his Gold transfer request ?
GVI Forex Inner Circle 15:55 GMT May 10, 2013
Fixed Income
Reply
Major bond market prices weaker. Peripheral prices as well.
JERUSALEM kb 15:47 GMT May 10, 2013
Trading the sup & ress. levels
AUDUSD
Entry: Target: Stop:
audusd is not for buy I will wait and see the rebound of this down move and start build new shorts for the 2nd wave whi
ch may target 0.95
I think 1.0035/1.0075 may be a good stops for short above parity
JERUSALEM kb 15:39 GMT May 10, 2013
Trading the sup & ress. levels
Sell EURUSD
Entry: 1 3 Target: open Stop: .1.3
let the profit run with sl at breakeven
oil hit sl with 130pips-
SaR KaL 15:24 GMT May 10, 2013
KaL's Trend and Level
I'll Short USDCHF
0.9656 0.9309
0.9700 0.9267
0.9744 0.9225
0.9787 0.9184
0.9919 0.9062
SaR KaL 15:15 GMT May 10, 2013
KaL's Trend and Level
gold weekly
hahah...No wonder everyone wants to buy it
Central Kwun 14:58 GMT May 10, 2013
AUD
Reply
AUDUSD
Entry: Target: Stop:
rebound fast
SaR KaL 14:58 GMT May 10, 2013
KaL's Trend and Level
here is another that will start south
GBPCHF
use off set anf GTC for 3 months
you will do good
SaR KaL 14:54 GMT May 10, 2013
KaL's Trend and Level
Very Likely
I just did the daily
if one can stand some pain
0.9900 to .9600
would be nice entry for possible 1.07
Mtl JP 14:49 GMT May 10, 2013
KaL's Trend and Level
aud is down some 3%. just over this week.
makes a rebound likely
SaR KaL 14:46 GMT May 10, 2013
KaL's Trend and Level
AUDUSD Correction Longs
placed 0.9625
Longs for now GTC
will keep till the end of this month
Mtl JP 14:43 GMT May 10, 2013
buy euro on dips
Buy EURUSD
Entry: current Target: UP Stop: few pips under 55
kl shawn 14:32 GMT May 10, 2013
audusd
Buy AUDUSD
Entry: Target: Stop:
sorry that was a long audusd position
kl shawn 14:31 GMT May 10, 2013
audusd
Reply
in again 0.9968, stop 0.9918, open target with a close above parity will do today
Amsterdam Purk 14:21 GMT May 10, 2013
AUD
Great chances in aud/usd. But watch out for a major overshoot!!!!!!!!!!!!
london red 14:21 GMT May 10, 2013
AUD
probably used wrong word in trigger, rather change in sentiment. clearly you have rates decreasing in aus while in the usa they are again talking about tapering. this is a big negative. secondly you have data showing china slowing and damp commodity prices, as well as gold which historically aussie has tracked. these things suggest further downside, but things dont go in a straight line (although often aussie will do down very quickly over a multiweek timeframe with little pullback), so there is a chance that a rebound will occur if the conditions are right
SaR KaL 14:20 GMT May 10, 2013
KaL's Trend and Level
you see the same with eurusd
i placed an order to sell at 1.3202
next week will do another using another close...etc
jkt acce 14:19 GMT May 10, 2013
buy gbpusd
Reply
Buy GBPUSD
Entry: Target: Stop:
buy at uptrend channel support 1.5378, stop 50 under will do, see you guys next week
GVI Forex Blog 14:17 GMT May 10, 2013
Reply
May 10, 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Monday, May 13. Updated: Trading Events Calendar
HIGH IMPACT RELEASES: CH- Retail Sales, US- Retail Sales.
GVI Forex Data Outlook for 13 May 2013
SaR KaL 14:16 GMT May 10, 2013
KaL's Trend and Level
EURGBP for 3 Months
if you are willing to try this method
Very Comfortable
See chart Forecast
Bullish right?
OK See that Number (From ANy point)
3.40%
...ok
Tale any close and Place GTC Long
Lets Say this previous close
5/8/2013 5:00:00 AM 0.84802
Use (1+0.034) to offset
Long at = 0.84802/(1.034)= 0.8202
and leave it for 3 months
as time goes by use another close and place another gtc order
Recent one would be 0.8442
so again 0.8442/(1.034)
small and many... you only need to know the trend + That Offset
Finished
will average really good guys
GVI Forex Inner Circle 14:16 GMT May 10, 2013
Calendar
Reply
May 10, 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Monday, May 13.
Updated: Trading Events Calendar
HIGH IMPACT RELEASES: CH- Retail Sales, US- Retail Sales.
bali sja 14:12 GMT May 10, 2013
AUD
red, i agree with your assessment, trigger has always been the hardest part to find, it could come out from nowhere all of a sudden
bali sja 14:05 GMT May 10, 2013
buy euro on dips
Reply
still think we are going to have weekly close above 1.30
london red 14:04 GMT May 10, 2013
AUD
re aussie, think worth looking at futures positioning when release later on. theres a chance the market could be short which means any bounce is likely to be quite violent, but there would need to be a trigger for the bounce in the first place. looking into next week i can see the zew on tuesday but until then it might be a rough ride.
GVI Forex Inner Circle 13:59 GMT May 10, 2013
United States
Q&A startibg
GVI Forex Inner Circle 13:38 GMT May 10, 2013
United States
So far Bernanke is reading his prepared text on the banking system (yawn!). There will be some Q&A, Any comment on policy so soon after the latest meeting would be a shock.
Lahore FM 13:35 GMT May 10, 2013
AUD
thanx for the illumination of the downside AL!
Lahore FM 13:29 GMT May 10, 2013
" Trade Ideas "
Sell Crude
Entry: 95.72 Target: 90 for half Stop: 95.72 for half
Lahore FM 11:52:18 GMT - 05/10/2013
Sell Crude
Entry: 95.72 Target: 90 remainder half Stop: sl lowered to 96.60
--
sl at entry now.
Dillon AL 13:28 GMT May 10, 2013
AUD
just an alternative view
Lahore FM 13:12 GMT May 10, 2013
AUD
Cheers Tom .. suit yourself!
post as often as you like..was merely wondering since i started reading posts from you only last week!
Amsterdam Purk 13:11 GMT May 10, 2013
AUD
And under what name would that be Percy? I have been posting here for many moons, and every time under my own name.
I have developed my own opinion and my own trading style, and well, falling flat on my face some times, but the winning trades are more than the losing trades, both in pips and pure Mulah...
manila tom 13:10 GMT May 10, 2013
AUD
FM, there is no limitation to post here or is there? everyone has his/her own style
Lahore FM 13:08 GMT May 10, 2013
AUD
one would need to post the view = one would NOT need to post
Lahore FM 13:06 GMT May 10, 2013
AUD
Tom for being forever selling usd one would need to post the view every day i suppose.showing up once a quarter and referring to last post would work quite fine...correct me if i am wrong specially if 100 to 200 pips swings really don't matter to a trader !
GVI Forex Jay Meisler 13:06 GMT May 10, 2013
AUD
Percy, but how come you are not posting on the GVI side. Surely not for the same reason.
manila tom 13:06 GMT May 10, 2013
AUD
come on Percy, everyone has his/her own view, no need to use force, you can buy usd all you want
UK Percy 13:04 GMT May 10, 2013
AUD
Reply
This is where this forum has descended to . Pyjama, stay at home traders refusing to listen to people that actually move the market....this is the reason gave up dispensing free advice years ago on this forum....
SaR KaL 13:03 GMT May 10, 2013
KaL's Trend and Level
not in da mode for eurusd correction north
closed all shorts
Might head to 1.3202 By monday
manila tom 13:00 GMT May 10, 2013
Ozmond
I like your style Purk. Me too forever selling usd :)
Amsterdam Purk 12:59 GMT May 10, 2013
Ozmond
I do not care Percy what anyone says. I just buy more, and i will be patient like all the other times i bought. I am long forever.
UK Percy 12:57 GMT May 10, 2013
Ozmond
Not this time Purky. Under 9968 and you can kiss parity goodbye and also kiss goodbye your weekly supermarket visits...
Mtl JP 12:56 GMT May 10, 2013
Calendar
Ben and G7 = good risk market gets buffeted by headlines
manila tom 12:49 GMT May 10, 2013
Ozmond
closing today: euro above 1.30, gbp above 1.54 and aud above 1.00
manila tom 12:47 GMT May 10, 2013
Ozmond
agree Purk, it is oversold, bought some already
SYDNEY MIKE 12:46 GMT May 10, 2013
Ozmond
Buy AUDUSD
Entry: 1.020 Target: 1.150 Stop: 99.50
Im with you, oversold at present IMO. retrace to 1.150 before next downtrend.
Still higher interest rates vs USD + free money equities.
Lahore FM 12:46 GMT May 10, 2013
" Trade Ideas "
Porto Cubriclas 12:36 GMT May 10, 2013
Cheers dear Sir!
Amsterdam Purk 12:41 GMT May 10, 2013
Ozmond
Reply
Waited long enough, very patient: long aud/usd for any moons. new add: 1,00 everything.
targets: 1,15+.
Will take a while, but it will happen, some day....
Porto Cubriclas 12:36 GMT May 10, 2013
" Trade Ideas "
"theme working !"
Hi FM!
Im no shocked. Everibody knows you are the best.
Nice weekend all.
GVI Forex Inner Circle 12:35 GMT May 10, 2013
Canada
Canada jobs. Data virtually exactly as predicted.
Mtl JP 12:34 GMT May 10, 2013
Canada
Last time cad jobs print missed on the downside (by a 62K difference between expectation and print) usdcad reacted with a 60pip pop
Lahore FM 12:33 GMT May 10, 2013
" Trade Ideas "
Buy USDCAD
Entry: Target: Stop:
Lahore FM 10:36:00 GMT - 05/10/2013
Buy USDCAD
Entry: 1.0068 Target: 1.20 this december Stop: 0.9920
long now.
Lahore FM 12:04:19 GMT - 05/10/2013
any good jobs report from CA will get washed away bu crude slump is my best guess!
--
theme working !
douglas IOM cookie 12:20 GMT May 10, 2013
" Trade Ideas "
CB are going to put it into rolls with please wash your hands at least its of some use
douglas IOM cookie 12:16 GMT May 10, 2013
" Trade Ideas "
they are running out of storeage room for all this paper
GVI Forex Inner Circle 12:13 GMT May 10, 2013
Canada
Reply
HEADS-UP: Data Due shortly.
Details at top of the page
(Manually refresh forum to update
USCCAD= 1.0093
EURUSD= 1.2988
GBPUSD= 1.5382
USDJPY= 101.60
Direct links to primary data sources
Lahore FM 12:08 GMT May 10, 2013
" Trade Ideas "
how could gold slump in times of infinite money from central banks??
jkt acce 12:07 GMT May 10, 2013
" Trade Ideas "
with situation Israel vs Iran+Syria, how can crude slump?
Lahore FM 12:05 GMT May 10, 2013
" Trade Ideas "
bu crude slump = by crude slump
Lahore FM 12:04 GMT May 10, 2013
" Trade Ideas "
any good jobs report from CA will get washed away bu crude slump is my best guess!
bali sja 12:03 GMT May 10, 2013
buy euro
Reply
i agree with tom, while above 1.2850 weekly closing basis, euro is still a buy
i put my trade, 1.2988, 1.2922 and 1.2868
hyderabad Krishna 11:55 GMT May 10, 2013
" Trade Ideas "
FM:
GREAT TO SEE HERE YOU BROTHER...
to dk 11:55 GMT May 10, 2013
euro
they re back in the madhouse
Lahore FM 11:52 GMT May 10, 2013
" Trade Ideas "
Sell Crude
Entry: 95.72 Target: 90 remainder half Stop: sl lowered to 96.60
Lahore FM 11:51 GMT May 10, 2013 - My Profile
" Trade Ideas " : Reply
Sell Crude
Entry: 95.72 Target: 93.50 for half 90 remainder half Stop: sl lowered to 96.60
--
part closed 94.80 now.
Lahore FM 11:51 GMT May 10, 2013
" Trade Ideas "
Sell Crude
Entry: 95.72 Target: 93.50 for half 90 remainder half Stop: sl lowered to 96.60
Lahore FM 10:09 GMT May 10, 2013 - My Profile
" Trade Ideas " : Reply
Sell Crude
Entry: 95.72 Target: 93.50 half and 90 remainder half Stop: 97.20
sold now for mentioned targets.
--
sl down at 96.60 now.
GVI Forex Inner Circle 11:33 GMT May 10, 2013
Calendar
Reply
Correction to Bernanke time on our calendar
May 10 Speech--Chairman Ben S. Bernanke
Monitoring Finance
At the 49th Annual Conference on Bank Structure and Competition, Chicago, Illinois
9:30 a.m. ET (13:30 GMT)
London Christopher 11:32 GMT May 10, 2013
euro
Reply
Any euro bulls left on the board?
GVI Forex Inner Circle 11:17 GMT May 10, 2013
Japan
Reply
-- Market-Moving News --
BOJ Governor Kuroda refuses to comment on JPY. Market takes this as a signal Tokyo is happy with the move on Thursday.
hyderabad Krishna 11:13 GMT May 10, 2013
EURJPY 132.20
any comments on usd/jpy.....
Amman wfakhoury 11:09 GMT May 10, 2013
EURJPY 132.20
Reply
Amman wfakhoury 10:27 GMT May 10, 2013
EURJPY 132.20: Reply
132.20 cnfirmed ..will be reached
-------------
132.20 reached from 131.80
Lahore FM 10:59 GMT May 10, 2013
" Trade Ideas "
Sell EURUSD
Entry: 1.3158 Target: Stop: 1.3080 for half
Lahore FM 12:37:33 GMT - 05/08/2013
Sell EURUSD
Entry: 1.3158 Target: Stop: 1.3225 bid
sold now.
--
sl further lower to 1.3080 for half portion short 1.3158.
Paris ib 10:57 GMT May 10, 2013
Fixed Income
OK gotcha Red. Thanks again. After net selling of foreign bonds for a total of 23.2 billion in the first three weeks of April the Japanese were net buyers for 5 billion in the subsequent two weeks. I find myself underwhelmed.
ed kw 10:49 GMT May 10, 2013
Forex News
short aud/cad
Lahore FM 10:36 GMT May 10, 2013
" Trade Ideas "
Buy USDCAD
Entry: 1.0068 Target: 1.20 this december Stop: 0.9920
long now.
london red 10:34 GMT May 10, 2013
Fixed Income
Paris look at the bond purchases sales for residents, the red figures indicate outflows, thats what everyone was watching and what has changed. No doubt some were privy to this yesterday
Amman wfakhoury 10:27 GMT May 10, 2013
EURJPY 132.20
Reply
132.20 cnfirmed ..will be reached
Paris ib 10:24 GMT May 10, 2013
Fixed Income
Japanese capital flows..... seem to point to repatriation of capital. With Japanese equity markets up 65% since November 2012, that's hardly surprising.
Japanese Capital Flows
Paris ib 10:17 GMT May 10, 2013
Fixed Income
Red from that report it looks like Japanese residents were net SELLERS of foreign bonds. While foreigners were net buyers of Japanese bonds and Japanese equities. I don't see an outflow of capital from Japan in this report. Am I missing something?
Meanwhile Japanese and U.S. Treasuries are both selling off.
The USD/JPY move looks more stop related than related to fundamentals or longer term capital flows. We'll see.
Lahore FM 10:09 GMT May 10, 2013
" Trade Ideas "
Sell Crude
Entry: 95.72 Target: 93.50 half and 90 remainder half Stop: 97.20
sold now for mentioned targets.
london red 10:04 GMT May 10, 2013
Fixed Income
http://www.mof.go.jp/international_policy/
reference/itn_transactions_in_securities/week.pdf
Paris ib 09:59 GMT May 10, 2013
Fixed Income
So Japanese yields are rising because of capital outflow? Not because of improved economic outlook. While U.S. yields are rising because of improved economic outlook and not capital outflow? I haven't seen the report on Japanese capital outflow. Do you have a link?
london red 09:58 GMT May 10, 2013
buy cable
re cable, think longs at 55/65 could work with but tight stops under there say 30ish, as we would be looking at break of trendline and target 152 and 15040 and no need to be caught holding the ball on that one, better to run the downside.
GVI Forex Inner Circle 09:51 GMT May 10, 2013
Fixed Income
United States Interest rates. Note 10-yr yield rising as equities climb on the back of an improving economy.
GVI Forex Inner Circle 09:48 GMT May 10, 2013
Fixed Income
Japanese 10-yr JGB Interest rates sharp upward move today following report on capital outflows in past two weeks.
kl shawn 09:35 GMT May 10, 2013
buy cable
Reply
hourly oversold, may bounce some, in 1.5391
Paris ib 09:34 GMT May 10, 2013
Fixed Income
The name of the game is what is happening with U.S. yields. Hard to say we have a trend on our hands yet. Bernanke stymied the last sell off in U.S. Treasuries (post the Draghi rescue of the Euro in August 2012) by introducing QE infinity in September 2012. That move saw U.S. yields fall back.... yields are rising again now and soon will be back to where they were before the announcement of QE infinity (if this trend continues). If this is a trend then that is a major game changer. Safe haven yields (Germany, Japan and the U.S.) all took heavy hits overnight.
jkt abel 09:27 GMT May 10, 2013
channel support
followed you tom, in 1.5392 same stop, target 1.5430-40
manila tom 09:23 GMT May 10, 2013
channel support
Reply
Buy GBPUSD
Entry: Target: Stop:
bought 1.5388 stop 1.5337
london red 09:21 GMT May 10, 2013
Canadian Jobs due. Bernanke speaks
Re outflows from japan, much talked about for months but until last nights data, there was no sign of it. Think next two weeks are going to show even stronger outflows as someone must be behind the big moves in european bonds.
perth wtr 09:13 GMT May 10, 2013
e/j
suddenly every japanese companies have their profits boosted without doing anything, thanks to Abenomics
perth wtr 09:11 GMT May 10, 2013
e/j
and they still believe the japs, master of ninja camouflage, that it is not currency war, all BS
GVI Forex john bland 09:10 GMT May 10, 2013
Canadian Jobs due. Bernanke speaks
Talk of a tapering of Fed policy sounds premature to me, but there is documentation in Japanese data that capital outflows have been heavy recently. Note also in our fixed income table below that JGB yields were up 7bps today to 0.66%.
hk ab 09:09 GMT May 10, 2013
e/j
Reply
still feel that eu will start their jawboning soon and if not, they will simply show the wild card "neg. rate" to surprise the BOJ and MOF.
kl fs 09:01 GMT May 10, 2013
sell usdchf
stopped out on the rest, too quick, will pullback a bit i think but has to respect this move, sideline for a while
GVI Forex Inner Circle 09:01 GMT May 10, 2013
Canadian Jobs due. Bernanke speaks
Reply
- HIGH
IMPACT ITEMS: CA- Employment, US- Bernanke
- Markets are still trying to
figure out the JPY move through 100 Thursday afternoon. No explanation
we have heard is very unsatisfying, but it seems to have been a
fundamental rather than a temporary event. Some cited talk about a
tightening of Fed policy which seems flimsy while others are mentioning
capital flows out of Japan (USD 5.2bln in the past two weeks). This
price move should be respected.
- The JPY decline triggered a
wave of stops and drove other major currencies lower such as the AUD
and EUR. The Nikkei advanced strongly today.
- The major item on the calendar
is the release of April Canadian employment data. Fed Chairman
Bernanke makes a non-policy speech today which will be
closely watched.
- Weekly U.S. jobless Claims fell
to a new recent low of 323K in the latest week. They generally support
the notion that the economy might be on an improving track. This report
may have played a role in the Fed speculation on Thursday.
20d
avg
|
10-yr
|
Equities
|
EURUSD
1.3076
|
JGB
0.66% +7bp
|
Asia:Higher
|
USDJPY
98.61
|
Bund
1.23% +4bp
|
Europe
Higher
|
EURJPY
128.9
|
U.S.1.87%
+6bp
|
U.S.:Higher
|
GVI Forex Blog 09:00 GMT May 10, 2013
Reply
HIGH IMPACT ITEMS: CA- Employment, US- Bernanke
Markets are still trying to figure out the JPY move through 100 Thursday afternoon. No explanation we have heard is very unsatisfying, but it seems to have been a fundamental rather than a temporary event. Some cited talk about a tightening of Fed policy which seems flimsy while others are mentioning capital flows out of Japan (USD 5.2bln in the past two weeks). This price move should be respected.
Canadian Jobs due. Bernanke speaks
tokyo ginko 08:37 GMT May 10, 2013
-
today's target revised down to 1.2880/90 levels
GVI Forex Inner Circle 08:33 GMT May 10, 2013
United Kingdom
-- ALERT --
U.K. Trade- March 2013 GBP (bln)
Total Trade: -9.10 vs. -8.90 exp. vs. -9.40 p. (r. -9.20)
non-EU: -3.50 vs. -4.000 exp. vs. -4.270 prev. (r. -4.20)
TTN: Live News Special Offer
GVI Forex Inner Circle 08:33 GMT May 10, 2013
United Kingdom
-- ALERT --
U.K. Trade- March 2013 GBP (000)
Total Trade: -9.10 vs. -8.90 exp. vs. -9.40 p. (r. -9.20)
non-EU: -3.50 vs. -4.000 exp. vs. -4.270 prev. (r. -4.20)
TTN: Live News Special Offer
london red 08:17 GMT May 10, 2013
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ed, have never looked at it to be honest. the main pairs and a couple of minor work related ones have always kept me busy
GVI Forex Inner Circle 08:15 GMT May 10, 2013
Fixed Income
Reply
Major bond market prices weaker. Peripheral prices are down.
kl fs 08:07 GMT May 10, 2013
sell usdchf
closed some usdchf short here 0.9527 for +9, average 0.9536
kl shawn 08:02 GMT May 10, 2013
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Buy GBPUSD
Entry: Target: Stop:
cluster of support 1.5420-1.5380, within rising channel, certainly good try
ed kw 07:53 GMT May 10, 2013
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red your take on gbp/aud
kl fs 07:46 GMT May 10, 2013
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agree red, i think euro and gbp should bottom out soon, good bet with good r/r coming for those feeling adventurous like me :)
london red 07:43 GMT May 10, 2013
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Reply
euro just about down to bottom end of lower channel line on day chart, comes in at 1.30. below there it would suggest a multi figure move lower technical, but there have been strong bids all the way down from 1.30 last time out. would probably need to take out 200 day sma at 12974.
cable has a cluster of support from 15424 down to 1.54, various previous peaks/fibos, so failure to hold on would mean a run down to its own lower channel line.
the break above usdjpy suggests the market is taking on a more risk on attitude, but i think eurchf has been giving these signals for some time, much in line with the slight improvement in european data during the last few weeks. this may well hamper any downside for the euro and cable if the trend becomes more discernable.
kl fs 07:28 GMT May 10, 2013
sell usdchf
ok added 0.9553, stop set above 0.9580, gl gt
kl fs 07:15 GMT May 10, 2013
sell usdchf
Reply
Sell USDCHF
Entry: Target: Stop:
sold 0.9519, adding near 0.9540-50, stop later, target open
perth wtr 03:21 GMT May 10, 2013
USDCHF
closed usdchf short 0.9489 for +13, good enough for morning scalp
perth wtr 02:53 GMT May 10, 2013
jpy action
Reply
action and attention back to jpy pairs it seems
Philadelphia Caba 01:50 GMT May 10, 2013
long usd/jpy
1/3 out
Philadelphia Caba 02:58 GMT February 25, 2013
long usd/jpy : Reply
Buy USDJPY
Entry: 94 Target: 125 Stop:
bought again for 125 sometimes this year. s/l set your own..
Hong Kong AceTrader 01:29 GMT May 10, 2013
*** Dollar rallies above 100 yen : May 10, 2013 ***
Reply
Market Review - 09/05/2013 23:01GMT
Dollar rallies above 100 yen
The greenback surged across the board and pierced through 100 yen, helped by data that showed U.S. jobless claims fell to their lowest level in 5 years.
U.S. initial jobless claim came in at 323K, better than the expectation of 335K, previous reading was revised to 327K from 324K.
Versus the Japanese yen, the greenback remained under pressure in Asia and dropped to session low at 98.65 ahead of European open. Despite a brief bounce to 98.87 in early European morning, renewed selling pressured price back down to 98.65. However, dollar pared intra-day losses and rose to 99.41 in New York morning after the drop in weekly U.S. jobless claims. Later, price skyrocketed in New York afternoon in thin trading condition and pierced through the much-publicised 100 option barrier and climbed to a fresh 4-year high at 100.79 before stabilising.
Although the single currency traded sideways in Asia and briefly edged higher to session high at 1.3177 in European morning, price pared intra-day gains and retreated to 1.3135 in European morning. Euro met renewed selling pressure at New York open after the release of better-than-expected U.S. jobless claims and fell to 1.3084 in New York morning, price briefly recovered to 1.3115 at New York midday. Later, dollar's renewed strength triggered another wave of selling and euro tanked to an intra-day low at 1.3010 in New York afternoon.
The British pound traded inside a narrow range in Asia and strengthened in European morning before rising to session high at 1.5589 after the Bank of England left its interest rate and QE total unchanged at 0.50% and 375 billion sterling respectively. However, cable came under heavy selling pressure at New York open and tumbled to 1.5486 in New York morning on dollar's strength before falling further to an intra-day low at 1.5426 in New York afternoon.
In other news, U.K. Finance Minister George Osborne said 'G7 will discuss how to nurture a recovery, ensure how public finances in good order; G7 will discuss monetary policy; trade, financial regulation on agenda of G7 meeting.'
On the data front, U.S. wholesale inventories in Mar is report 0.4% m/m, vs the projection of 0.3%; U.S. wholesale sale came in at -1.6%, weaker-than-expected 0.1%, prior reading is revised to 1.5%.
Data to be released on Friday:
Japan current account, economic watch DI, Germany trade balance, current account, import, export, Italy industrial production, UK trade balance and Canada unemployment rate.
perth wtr 01:01 GMT May 10, 2013
USDCHF
Sell USDCHF
Entry: Target: Stop:
Joe, gotta try something. So as planned short usdchf now 0.9502, stop above 0.9520
JERUSALEM kb 00:37 GMT May 10, 2013
Trading the sup & ress. levels
USDJPY
Entry: Target: Stop:
holding both longs from 100.30& 100.80 with sl 100.60for Both
and 1O1.30 as target For Both
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