Melbourne Qindex 23:54 GMT May 22, 2013
EUR/USD : Critical Point 1.2797
The market is stable when it can trade within the range 1.2850 - 1.2875. On the other hand if 1.2814 - 1.2850 fails to hold, the next supporting range is 1.2778 // 1.2786.
Melbourne Qindex 23:53 GMT May 22, 2013
EUR/USD : Critical Point 1.2797
EURUSD
Entry: Target: Stop:
The market is stable when it can trade within the range 1.2850 - 1.2875. On the hand if 1.2814 - 1.2850 fails to hold, the next supporting range is 1.2778 // 1.2786.
Qindex.com
EUR/USD : Monthly Cycle Charts
ICSForex Jay Meisler 22:38 GMT May 22, 2013
ICSForex Update
Reply
I have been asked who is Institutional Liquidity (ILQ) and is it a reputable broker. The ILQ story is addressed in the following link and you will see why we chose to partner with this firm.
Try a Better Broker
Syd 22:08 GMT May 22, 2013
FOMC minutes takeaway
Reply
Greg Ip
Despite financial stability worries, only 1 of 19 members thought it justified monetary policy response.
Syd 21:47 GMT May 22, 2013
Number' on Fed backed tapering as early as June
Reply
WASHINGTON (MarketWatch) - While there was no consensus among Federal Reserve officials on when the central bank could begin to slow down asset purchases, a "number" of central bank officials were willing to taper as soon as their next meeting in June, according to the minutes of their April 30-May 1 meeting released Wednesday. On the other hand, a "couple" of Fed officials said the Fed might have to ease more if inflation fell further. One Fed official wanted to stop the bond purchases immediately, while another wanted to increase the size of the program. Fed Chief Ben Bernanke told Congress earlier that the central bank could begin to taper the asset purchases in "the next few meetings" if the data continues to improve. The minutes also revealed the Fed started a review of their exit strategy principles last released to the public in 2011. The officials decided that "the broad principles" were still valid but the central bank was likely to need greater flexibility in the details. No decisions were made and Bernanke asked the staff to do more work on the issue for the policymakers to review in the future.
LINK
Mtl JP 21:37 GMT May 22, 2013
Canada
as every coin has two sides...
Slowdown? Nearly half of Canadian home owners eager to buy property - reports the Globe and Mail
Mtl JP 21:32 GMT May 22, 2013
Canada
Reply
Cooling housing market will cost us 150,000 jobs, mortgage group warns - CBC
Fewer housing starts mean fewer jobs in everything from mortgage financing to furniture sales - warned the Canadian Association of Accredited Mortgage Professionals (CAAMP).
Syd 21:03 GMT May 22, 2013
Mexico Stocks, Peso Slide on Concerns About Cuts in Fed Stimulus
Reply
EXICO CITY--Mexican stocks gave back opening gains and fell Wednesday to their lowest close since September, while the peso reached its weakest level against the dollar in two months on investor concerns that the U.S. Federal Reserve could be preparing in coming months to start withdrawing monetary stimulus from the economy.
GVI Forex Inner Circle 21:02 GMT May 22, 2013
Bernanke punts. UK Retail Sales soft. BOJ unchanged
Reply
- HIGH
IMPACT ITEMS: JP- Trade. CN- HSBC flash PMI. EZ- Draghi Speech, flash
PMIs, Consumer Confidence. GB- GDP, US- Weekly Jobs, flash Markit PMI,
New Homes Sales
- Testimony by Chairman
Bernanke to Congress broke no new ground. The message was that.
Fed policy is future data dependent and no tapering of Fed bond
purchases has been decided yet. In other words, Bernanke punted.
NY Fed President Dudley did send a signal Wednesday not to expect much.
Nevertheless, in afternoon trade equity and bond prices sold off.
- A slew of flash PMI reports for
May are due on Thursday.
- U.S. key Weekly Jobless claims
and New Home Sales are awaited.
- Existing Homes sales data fell
short of market expectations.
- U.K. retail sales data were
weaker than expected. The GBPUSD is weaker.
- USDJPY gained after the BOJ
kept policy steady as expected. the BOJ upgraded its view of the
economy.
- The critical German IFO Survey
is due on Friday.
20d
avg
|
10-yr
|
Equities
|
EURUSD
1.3006
|
JGB
0.88% +1bp
|
Asia:Mixed
to Weaker
|
USDJPY
100.31
|
Bund
1.42% +5bp
|
Europe
Higher
|
EURJPY
130.45
|
U.S.2.03%
+10bp
|
U.S.:Weaker
|
GVI Forex Blog 21:00 GMT May 22, 2013
Reply
HIGH IMPACT ITEMS: JP- Trade. CN- HSBC flash PMI. EZ- Draghi Speech, flash PMIs, Consumer Confidence. GB- GDP, US- Weekly Jobs, flash Markit PMI, New Homes Sales
Testimony by Chairman Bernanke to Congress broke no new ground. The message was that. Fed policy is future data dependent and no tapering of Fed bond purchases has been decided yet. In other words, Bernanke punted. NY Fed President Dudley did send a signal Wednesday not to expect much. Nevertheless, in afternoon trade equity and bond prices sold off.
Bernanke punts. UK Retail Sales soft. BOJ unchanged
dc CB 20:38 GMT May 22, 2013
United States
POMO tomorrow
$3.00 - $3.75 billion
GVI Forex Blog 20:36 GMT May 22, 2013
Reply
Event risk today: Locally there are expectation surveys from Australia for inflation and unemployment � minor for markets. More importantly there�s China PMI (HSBC version) this afternoon, while tonight there�s a batch of US data and Fedspeak. US data will assume even more importance for markets in the wake of Bernanke�s remark last night.
Forex - Qestpac Morning Report
Cambridge Joe 20:24 GMT May 22, 2013
The outlook thru Asia
Reply
IMO the outlook thru Asia is for softer USD.
As I say, just IMO. GL
GVI Forex Inner Circle 19:58 GMT May 22, 2013
United States
US 10-yr ending at 2.03% +10bps. Equities are sharply lower.
GVI Forex Inner Circle 19:44 GMT May 22, 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.
Syd 19:19 GMT May 22, 2013
WSJ Blog: Parsing Fed Minutes: Debating When to Pull Back
Reply
Below are key passages in the minutes and how to read them:
1) "A number of participants expressed willingness to adjust the flow of purchases downward as early as the June meeting if the economic information received by that time showed evidence of sufficiently strong and sustained growth; however, views differed about what evidence would be necessary and the likelihood of that outcome."
WHAT IT MEANS: The Fed will debate at its June 18-19 meeting whether to reduce its $85-billion per month bond-buying program, but officials don't appear near a consensus on the matter. Fed chairman Ben Bernanke suggested in testimony to Congress earlier in the day that he wanted to avoid moving prematurely toward pulling back.
2) "Several participants pointed to the improvement in interest-sensitive sectors, such as consumer durables and housing, over the recent period as evidence that the purchases were having positive results for the economy."
WHAT IT MEANS: The Fed talks about the costs and benefits of its policies. So far, they think the bond buying program is still helping the economy.
3) "Economic data releases over the intermeeting period were mixed, raising some concern that the recovery might be slowing after a solid start earlier this year, thereby repeating the pattern observed in recent years. Various views on this prospect were offered, from those participants who put more emphasis on the underlying momentum of the economy, noting the strengthening in private domestic final demand, to those who stressed the growing fiscal restraint or the other headwinds still facing the economy."
WHAT IT MEANS: Fed officials are hesitant about their next step on monetary policy in part because they're especially uncertain about how the economy unfolds in the next few months, in the face of tighter fiscal policies.
4) "Both headline and core PCE inflation in the first quarter came in below the Committee's longer-run goal of 2 percent, but these recent lower readings appeared to be due, in part, to temporary factors; other measures of inflation as well as inflation expectations had remained more stable. Accordingly, participants generally continued to expect that inflation would move closer to the 2 percent objective over the medium run."
WHAT IT MEANS: The Fed's favored inflation measures have dropped well below its 2% target, but officials aren't deeply concerned about it yet.
5) "Participants began a review of the exit strategy principles that were published in the minutes of the Committee's June 2011 meeting ... The broad principles adopted almost two years ago appeared generally still valid, but developments since then--including the change in the size and composition of (System Open Market Account) asset holdings-- suggested a need for greater flexibility regarding the details of implementing policy normalization, particularly because those details would appropriately depend at least in part upon future economic and financial developments."
WHAT IT MEANS: The Fed is reviewing a plan to sell its mortgage backed securities some day in the future. It might not do so, but it hasn't reached a decision yet and isn't sure when it will detail the new plan. The staff will study it further.
6) "Several participants raised the possibility that the federal funds rate might not, in the future, be the best indicator of the general level of short-term interest rates, and supported further staff study of potential alternative approaches to implementing monetary policy in the longer term and of possible new tools to improve control over short-term interest rates."
WHAT IT MEANS: In normal times the Fed moves the federal funds rate -- a rate that banks charge each other for overnight loans -- to manage the broader spectrum of rates in the financial system. But because it has pumped so much money into the financial system, its control over this rate might have diminished. Fed officials have become more focused on another rate that they do control directly -- a rate it pays banks that keep reserves on deposit with the central bank -- as one of its main policy levers in the future. Now officials appear to be gearing up to study these relationships more carefully.
http://blogs.wsj.com/economics/
dc CB 19:16 GMT May 22, 2013
WSJ Blog: Fed Minutes Pull Plug on Stock Rally
What is 410 words and is released precisely 180 seconds after the FOMC's minutes? Why Jon Hilsenrath's FOMC minute-parsing piece of course. Which we can only assume means Jon was on the "preapproved" list for early distribution and pre-analysis, because not even we can analyze and type that fast. We are confident he did not breach the embargo. Because that would not look good for the Fed already being investigated by the Inspector General for last month's humilating breach.
So what did Hilsy have to say this time? This:...............................................
Trust Hilsenrath to miss the most important part of the minutes, which was this - the first "on the FOMC record" admission by some that the Fed is officially blowing a bubble:
180 Seconds After The FOMC Release, Hilsenrath Parses Fed Minutes
london red 18:43 GMT May 22, 2013
-
very quickly stopped out. at these levels tail on daily candle.
london red 18:33 GMT May 22, 2013
-
Reply
have used pullback in eurjpy to get involved at current levels, stop below asian low. v tight, so luck required! looking for retest of high. not without risk as eurusd has done a lower low but counting on usdjpy to drag it higher from 103
Israel Dil 18:33 GMT May 22, 2013
WFAK pulled his finger off the dam
jokes over ... trade seriously and laugh :-)
In case of no new lower daily lows then wild bounce is on cards, relating this sentence to ALL trading instruments :-)
Syd 18:26 GMT May 22, 2013
WSJ Blog: Fed Minutes Pull Plug on Stock Rally
Reply
Quite a comedown for U.S. stocks at this point in the session, as major averages slide into negative territory after earlier spiking higher upon release of Fed Chairman Ben Bernanke's prepared testimony.
Dow industrials were up almost 155 points at their high, now down 35. Tech-heavy Nasdaq Comp falls 31 points and S&P 500 sheds 9 points.
FOMC minutes highlight deeper debate over asset purchases, spooking some of the fast money that's afraid of the central bank tapering its bond-buying program.
Materials, energy, utilities and tech lead sector decliners; only health-care sector advancing now. U.S. dollar rallies; Treasurys pare price declines.
Bernanke: Bond Buying Could Slow
PAR 18:21 GMT May 22, 2013
Bernanke
Hearing Obama calling an emergency meeting for all his economic advisers as stocks are lower intraday . PPT on Red Alert . Code RED . Lol.
Israel Dil 18:15 GMT May 22, 2013
Bernanke
Don't worry PAR, the white house already collected WFAK with air force 1 to handle the crisis situation.
Print and if stocks decline then print more :-)
PAR 18:15 GMT May 22, 2013
Bernanke
Reply
Cramer screaming FED has to do something . Stock could close lower .
PAR 18:13 GMT May 22, 2013
Bernanke
Stocks are lower . Bernanke calling for an emergency Fed Meeting .
Israel Dil 18:10 GMT May 22, 2013
xxx/JPY
Israel Dil 19:39 GMT April 11, 2013 xxx/JPY: Reply Before 20th of this month the JPY will trade roughly 3% stronger than the JPY current level.
As long 134 stays untouched with eur/jpy the risk remains for stronger JPY
___________
Believe me or not, i could not to login with mobile phone earlier today to say that everything above 133.50 is a GIFT for now.
PAR 18:09 GMT May 22, 2013
Bernanke
Reply
Under Bernanke the FED minutes are becoming "Jersey Shore " for financial industry .
GVI Forex Jay Meisler 18:02 GMT May 22, 2013
US oil
Dil, you know how to reach me
Israel Dil 17:58 GMT May 22, 2013
US oil
jay@global view.com
email me to arrange you a broker!!!
not censored ... LOL
Israel Dil 17:47 GMT May 22, 2013
US oil
censored
london red 17:46 GMT May 22, 2013
-
Reply
spanish talk of money raising for banks has forced eurgbp lower. key support at 200 week ma (8513) and 100 day (8506), below there can retrace whole move from 8440. would say at risk if euro makes lower low after minutes. in that case large tail on daily candle. descending triangle on weekly chart with 8400 support becomes focus again if plays out that way.
Israel Dil 17:42 GMT May 22, 2013
US oil
Sell Crude
Entry: Target: Stop:
Time Will tell if we go sub 70$ but the timing of this trade was kind of OK for short term traders :-)
PAR 17:23 GMT May 22, 2013
Dealing
Reply
Higher USDJPY > Higher Nikkei > Higher European Stock Markets > Approval of dealing Ben policies ?
PAR 17:15 GMT May 22, 2013
Bernanke-Escobar-Noriega
Reply
Superdealer Bernanke releasing exactly the right kind of stimulus to the market to keep the addicted happy .
But all addictions end in tears
Lahore FM 17:14 GMT May 22, 2013
" Trade Ideas "
Sell EURUSD
Entry: 1.2855 Target: open Stop: 1.2945
sold now.
Richland QC Mailman 16:41 GMT May 22, 2013
eurusd
Buying euros at this level (above 1.2850) has good R/R. We are in too. :)
Tallinn viies 16:37 GMT May 22, 2013
eurusd
Reply
1,2848 bought euros. stop 1,2793.
target 1,3000
dc CB 16:32 GMT May 22, 2013
United States
guess Ben kinda screwed up
GVI Forex Blog 16:31 GMT May 22, 2013
Reply
May 22, 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Thursday, May 23. Updated: Trading Events Calendar
HIGH IMPACT RELEASES: JP- Trade. CN- HSBC flash PMI. EZ- Draghi Speech, flash PMIs, Consumer Confidence. GB- GDP, US- Weekly Jobs, flash Markit PMI, New Homes Sales
GVI Forex Data Outlook for 23 May 2013
GVI Forex Inner Circle 16:29 GMT May 22, 2013
Calendar
Reply
May 22, 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Thursday, May 23.
Updated: Trading Events Calendar
HIGH IMPACT RELEASES: JP- Trade. CN- HSBC flash PMI. EZ- Draghi Speech, flash PMIs, Consumer Confidence. GB-
GDP, US- Weekly Jobs, flash Markit PMI, New Homes Sales
- Far East: JP- Trade.CN- HSBC flash PMI
- Europe: EZ- Draghi Speech, flash PMIs (including (DE and FR), Consumer Confidence. GB- GDP.
- North America: US- Weeklly Jobs, flash Markit PMI, New Homes Sales, Natural Gas.
Direct links to primary data sources
JERUSALEM kb 16:05 GMT May 22, 2013
Trading the sup & ress. levels
Gold
Entry: Target: Stop:
a golden trade setup
want to see side way teadeing between 1386 and 1365 then will talke
Cambridge Joe 15:56 GMT May 22, 2013
Cable
Reply
Cable buying about 1 hour out from here and more energetically from around 02:00 GMT.
IMO. GL
SaR KaL 15:23 GMT May 22, 2013
KaL's Trend and Level
nzdusd still short and staying that way for .77
audusd .93
Mtl JP 15:23 GMT May 22, 2013
United States
dc CB, really, Ben should have worn a wig to his testimony
london red 15:22 GMT May 22, 2013
-
Reply
for euro yesterday low is important
SaR KaL 15:20 GMT May 22, 2013
KaL's Trend and Level
eurjpy tgt lower then 131
imo bullish from friday into next week 135+
Now i am short
london red 15:18 GMT May 22, 2013
-
10 day not 55
london red 15:14 GMT May 22, 2013
-
Reply
cable now just above april low at 34, march comes in at 27. may get some reprieve. 55 day ma low just ahead of 1.50, below there looking at year low.
london red 15:10 GMT May 22, 2013
-
na harm in adding sometimes if your building from an underweight position. intraday you can never be sure so i start small and scale in when it works out.
as for cad, may be a reprieve coming as has failed at 10340 area which may mean a return to trendline. daily bollinger is overbought so no without risk in any case.
SaR KaL 14:59 GMT May 22, 2013
KaL's Trend and Level
gbpjpy...Now Long from 155
will keep till 157.3
will short from 158 area
tokyo ginko 14:58 GMT May 22, 2013
Sell EUR/USD
it's going..
usd frenzy here
HK Kevin 14:57 GMT May 22, 2013
Sell EUR/USD
EUR intraday support at 1.2865
UK stf 14:54 GMT May 22, 2013
-
ANYTHING is better than Fakhouri dude...ANYTHING...swimming in the Ganges with a badly infected cut hand would be better than Fakhouri.
dc CB 14:52 GMT May 22, 2013
United States
This is "normal" ???
Robot Algo wipsaw trading...unencoumbered by the thought process.
Cambridge Joe 14:50 GMT May 22, 2013
-
Oh good.... Lucky Lucky man from Dhaka.... sometimes Fakoury seems better.
HK Kevin 14:47 GMT May 22, 2013
Sell EUR/USD
HK Kevin 17:10 GMT May 21, 2013
Sell EUR/USD: Reply
Limit sell order 1.2930 executed. Next added level at 1.2980. Overall stop at 1.3060, t/p 1.2780
Added short at 1.2980, now all out 1.2917. it's a question of taking risk or not. I say NO.
Cambridge Joe 14:46 GMT May 22, 2013
-
Ah.... happens... but your timely post was spot on !
I bought usdmxn at perfectly the wrong time, added, the Cardinal sin, but the bounce has left me in the black, thankfully ! !!
GVI Forex Inner Circle 14:45 GMT May 22, 2013
United States
Live Streaming of Bernanke on this Page
Bernanke
SaR KaL 14:45 GMT May 22, 2013
KaL's Trend and Level
i suggest you look into EURCAD shorts
over the next few days
gbpaud and gbpnzd
still long
i think this is just a start
london red 14:34 GMT May 22, 2013
-
Joe, sadly it didnt quite get there. but did manage to sell some cable though. had to chase it down so doesnt feel as good but pips are pips.
GVI Forex Inner Circle 14:31 GMT May 22, 2013
United States
-- ALERT --
Crude Oil: -0.340 vs. 0 exp vs. -0.625 prev.
Gasoline: -3.00 vs. -0.5 exp vs. +2.600 prev.
Distillates:-1.050 vs. -0.5 exp vs. +2.300 prev.
Cap/Util: 87.3% vs. 88.2% exp. vs. 88.0% prev.
TTN: Live News Special Offer
Cambridge Joe 14:30 GMT May 22, 2013
-
london red 14:14
You are a bit of a killer on the quiet !
Excellent play Sir !
Mtl JP 14:30 GMT May 22, 2013
United States
you mean still too many retail stock pigeons sitting on the sidelines uncommitted to benefit from the growth pablum ?
london red 14:25 GMT May 22, 2013
United States
stocks will probably carry on for sometime as long as fed prints and the economy at least stumbles along, but a year long strong dollar will causing earnings headache. thats some way off but it may become a problem a few month on.
manila tom 14:21 GMT May 22, 2013
United States
look at stocks, clearly they put all their money in stocks, almost a no brainer everyday every new highs seen
GVI Forex Inner Circle 14:17 GMT May 22, 2013
United States
HEADS-UP: Data Due shortly.
Details at top of the page
(Manually refresh forum to update)
Natural Gas: 4.1730
WTI: 95.41
manila tom 14:17 GMT May 22, 2013
United States
QEs forever everywhere
dc CB 14:14 GMT May 22, 2013
United States
Washington has all but abandoned efforts to help the economy recover faster � and lawmakers don�t seem worried that voters will punish them for it.
There are no serious negotiations underway between the White House and congressional leaders on legislation to spur growth, and no bipartisan �gangs� of senators are huddling to craft a compromise job-creation package.
Yet economic growth remains slow by historical standards, and 11.5 million Americans are still looking for work. More than 4 million people have been unemployed for longer than six months.
But lawmakers appear to feel little electoral pressure to address those concerns. They disagree vehemently over what actions would make a difference, and lately they�ve been distracted by other issues and scandals. There also is mounting evidence that the political donor class � wealthier Americans � is feeling a stock-market-fueled surge of optimism about the economy. It all adds up to inaction
As rich gain optimism, lawmakers lose economic urgency
GVI Forex Inner Circle 14:14 GMT May 22, 2013
United States
Circus in Washington with simultaneous Bernanke and IRS testimony.
london red 14:14 GMT May 22, 2013
-
Reply
looking for usdcad now to reverse course for fed minutes later. looking to buy around 10240 for return towards 1.03
GVI Forex Inner Circle 14:12 GMT May 22, 2013
United States
Existing Homes Sales and Pending Homes (lagged one mo) sales in line with each other, and signaling a flattening and recent highs?
manila tom 14:12 GMT May 22, 2013
buy euro
Reply
Buy EURUSD
Entry: Target: Stop:
cheers Dr. Qindex, euro 1.2980 reached easily :) bonus 1.3020?
GVI Forex Inner Circle 14:04 GMT May 22, 2013
United States
Existing homes sales below estimates.
GVI Forex Inner Circle 14:04 GMT May 22, 2013
United States
Bernanke does not appear to be signaling an imminent change in policy.
Amman wfakhoury 13:45 GMT May 22, 2013
EURJPY 133.35
Reply
Amman wfakhoury 10:23 GMT May 22, 2013
EURJPY 133.35: Reply
Confirmed its reach to 133.35
--------------
133.35 reached
GVI Forex Inner Circle 13:41 GMT May 22, 2013
United States
Reply
HEADS-UP: Bernanke and major U.S. Housing data due shortly.
Details at top of the page
(Manually refresh forum to update
EURUSD= 1.2940
GBPUSD= 1.5090
USDJPY= 103.02
AUDUSD= 0.9766
USDCAD= 1.0310
Direct links to primary data sources
SaR KaL 13:36 GMT May 22, 2013
KaL's Trend and Level
small short EURGBP and EURJPY
small short EURUSD
starting to short EURCAD...Slow and Small
GVI Forex Inner Circle 13:36 GMT May 22, 2013
United States
Reply
United States Interest rates. Waiting for Bernanke. Psychological 2.00% line still in sight.
PAR 13:08 GMT May 22, 2013
How low rates work
Reply
Zero interest rate > Companies issue bonds > Companies buy back their own shares > Dow, Nasdaq ,S&P hit new all time highs > Ceo s cash big bonuses > CEO spent money to boost the US economy . Lol
Must be better ways to boost the economy ?
GVI Forex Inner Circle 12:36 GMT May 22, 2013
Canada
Canada: Retail Sales Data. Weaker than forecast...
london red 12:33 GMT May 22, 2013
Canada
fading already, not sure it can go further until bernanke (unlikely) fed minutes (likely to be hawkish so best chance here if still in position)
PAR 12:33 GMT May 22, 2013
Commodities
If you buy $ billion 170/month it must be better than when you buy a meager $ billion 85/ month.
GVI Forex Inner Circle 12:32 GMT May 22, 2013
Canada
Canadian retail sales weaker tan expected. CAD falls.
Mtl JP 12:27 GMT May 22, 2013
Commodities
to boost inflation LOL
i.e. raise prices and cost of living to American consumers .
under the theory that that puts more money into the economy
what a patriotic thing
tokyo ginko 12:26 GMT May 22, 2013
Canada
1.0470/80 resistance
GVI Forex Inner Circle 12:17 GMT May 22, 2013
Japan
Reply
Japanese 10-yr JGB Interest rates rise post BOJ meeting. No comments on yields.
Amman wfakhoury 12:16 GMT May 22, 2013
Gold 1393.40
Reply
Central Kwun 11:56 GMT May 22, 2013
-------------------
I confirmed the levels as sys did , but I ignored the corrections
of the system.which are for participants only.
london red 12:13 GMT May 22, 2013
Canada
1.03 a massive level for cad, decisive break target 1.06+
Mtl JP 12:11 GMT May 22, 2013
Global Markets News
Ben's Bottom Line message has to be to manipulate players as to avoid and prevent a dump in bonds on some perception of economic growth
PAR 12:00 GMT May 22, 2013
Commodities
Reply
Base and Precious metals sharply higher on hope Heli Ben will announce more asset purchases to boost inflation.
Central Kwun 11:56 GMT May 22, 2013
Gold 1393.40
wfakhoury, i know your system is so called perfect, but seem you never reply our questions, like you did confirm 1640, 1580, 1460 etc, but all those level were no touched and gold dropped like a sxix immediately. why you don't admit this?
Amman wfakhoury 11:51 GMT May 22, 2013
Gold 1393.40
Reply
My system is always perfect....you are missing the correction
again and again .. I did not creat my system to give free signals.
Central Kwun 11:48 GMT May 22, 2013
Gold 1396.70
your system is fixed? finally work
Amman wfakhoury 11:44 GMT May 22, 2013
Gold 1396.70
Reply
Amman wfakhoury 09:08 GMT May 22, 2013
GOLD 1393.40: Reply
1393.40 confirmed with poss to continue 1396.70.
buy and use tight stop loss. at 1384
------------------
Poss to continue 1396.70 ...also reached
Amman wfakhoury 11:40 GMT May 22, 2013
Gold 1393.40
Reply
Amman wfakhoury 11:15 GMT May 22, 2013
Gold 1393.40: Reply
still active
========
1393.40 reached
Cambridge Joe 11:40 GMT May 22, 2013
Global Markets News
Best to reach for the sure-fire boost for GDP. Begin a search for non-existent WMD.
Very good for GDP, not so good for reducing one's carbon foot-print tho....
Amman wfakhoury 11:36 GMT May 22, 2013
Gold 1393.40
Reply
hk ab 11:22 GMT May 22, 2013
------------
when system confirmed level , then confirmed another level in
opposite direction , the other confirmed will be reached 100%
the rule is to exit the first order and take the second one.
Mtl JP 11:31 GMT May 22, 2013
Global Markets News
Ben grabs a mike at 10am NYT to preposterously posture and pretend that he and his gang can revive the economy, that they are the authors of an instruction manual on how to fix it - and never mind that it broke while under their watch to begin. And more importantly never mind that their first priority is to back-stop their banking buddies from collapse.
hk ab 11:22 GMT May 22, 2013
Gold 1393.40
wfak, for gold bugs, they are most afraid of your "confirmed levels" on gold.....
like those 1632, 1580, what else?..... ah...1486 lately....
Thus, I always enjoy go short whenever you have a gold upside confirmed level.......
Central Kwun 10:50 GMT May 22, 2013
GOLD 1393.40
Buy Gold
Entry: 1382.8 Target: Stop: 13
Central Kwun 09:56 GMT May 22, 2013
GOLD 1393.40: Reply
Buy Gold
Entry: 1382.8 Target: Stop: 13
TP at 1388, thx
Mtl JP 10:33 GMT May 22, 2013
Global Markets News
amazing how the market lets itself be yanked and gamed:
AP - Bernanke testimony to be studied for policy clues
CNBC - Bernanke Expected to Deliver Dovish Message
Reuters - Fed officials dampen speculation of imminent bond tapering
Bloomberg - Dudley Says He Can�t Be Sure If Next QE Move Is �Up or Down�
london red 10:32 GMT May 22, 2013
EURGBP
we were at immediate post cyprus highs so gets difficult here for the pair, but i dont see a large tail today and think the gains will be held until tomorrows european pmis, which can go either way as they have been threatening improvement albeit from very low levels. see support at 8550 initially then 8517, possibly some at 8530. 8600 probably safe today, might be looked at tomorrow depending on data.
Mtl JP 10:06 GMT May 22, 2013
EURGBP
UK Retail Sales m/m
Forecast: 0.0%
Actual: -1.3%
vs -0.7% previous
Cambridge Joe 10:02 GMT May 22, 2013
EURGBP
Reply
EURGBP topped out here IMO. GL
Central Kwun 09:59 GMT May 22, 2013
GOLD 1393.40
oops, when read carefully, you say stop at 1384, then already stopped
Central Kwun 09:56 GMT May 22, 2013
GOLD 1393.40
Buy Gold
Entry: 1382.8 Target: Stop: 13
ok, follow you, just fall and give me chance to buy, won't post SL
Singapore SGFXTrader 09:40 GMT May 22, 2013
GOLD 1393.40
Hi wfak, though i am not much of a gold trader, but i do enjoy you sharing your posts with TP, SL. Keep it up.
Good sharing. =)
Amman wfakhoury 09:08 GMT May 22, 2013
GOLD 1393.40: Reply
1393.40 confirmed with poss to continue 1396.70.
buy and use tight stop loss. at 1384
Amman wfakhoury 09:08 GMT May 22, 2013
GOLD 1393.40
Reply
1393.40 confirmed with poss to continue 1396.70.
buy and use tight stop loss. at 1384
GVI Forex Inner Circle 09:07 GMT May 22, 2013
UK Retail Sakes soft. BOJ unchanged. Bernanke awaited
Reply
- HIGH
IMPACT ITEMS: Bernanke, Existing Homes Sales, Fed Minutes
- Wednesday will see the
minutes from the latest Fed Meeting (May 1) and testimony by Chairman
Bernanke to Congress. This testimony will give him ample opportunity
to signal to the markets what the current intentions of the central
bank may be. Fed speakers recently have been
leaning in favor of a start to tapering bond purchases. Today sees the
release of key Existing Home Sales data.
- U.K. retail sales data were
weaker than expected. The GBPUSD is weaker.
- USDJPY gained after the
BOJ kept policy steady as expected. the BOJ upgraded its view of the
economy.
- Thursday
sees a number of flash PMI reports The critical German IFO Survey
is due on Friday.
20d
avg
|
10-yr
|
Equities
|
EURUSD
1.3013
|
JGB
0.88% +1bp
|
Asia:Mixed
to Weaker
|
USDJPY
100.13
|
Bund
1.42% +5bp
|
Europe
Mixed
|
EURJPY
130.30
|
U.S.1.94%
+1bp
|
U.S.:Mixed
|
GVI Forex Blog 09:07 GMT May 22, 2013
Reply
HIGH IMPACT ITEMS: Bernanke, Existing Homes Sales, Fed Minutes
Wednesday will see the minutes from the latest Fed Meeting (May 1) and testimony by Chairman Bernanke to Congress. This testimony will give him ample opportunity to signal to the markets what the current intentions of the central bank may be. Fed speakers recently have been leaning in favor of a start to tapering bond purchases. Today sees the release of key Existing Home Sales data
UK Retail Sakes soft. BOJ unchanged. Bernanke awaited
Amman wfakhoury 09:02 GMT May 22, 2013
EURJPY 132.80
Reply
It is weak poss to reach 133.35
Amman wfakhoury 08:53 GMT May 22, 2013
EURJPY 132.80
Reply
will reach again 132.80 with poss to touch 133.35
sell here 133.05 sell another @ 133.35 tp 132.80
manila tom 08:45 GMT May 22, 2013
United Kingdom
looks like decent buying interest down there
manila tom 08:42 GMT May 22, 2013
United Kingdom
red, cable should be well supported here 1.5070 was the previous support
london red 08:38 GMT May 22, 2013
United Kingdom
mpc unchanged, retail sales worse than expected although underlying werent as bad as headline. altogether a negative for gbp, but its unlikely that mpc agrees to further qe in june, with carney coming in july. if data doesnt fall off the table, it does however bring forward action by carney from august to july. gbp will now be v data sensitive, although there is scope for a rebound against the dollar after bernanke and fed minutes.
GVI Forex Inner Circle 08:37 GMT May 22, 2013
United Kingdom
GBP down on weaker than expected retail sales data.
GVI Forex Inner Circle 08:36 GMT May 22, 2013
Fixed Income
Reply
Major bond market prices mixed. Peripheral prices mixed.
Porto Cubriclas 08:24 GMT May 22, 2013
EURJPY
manila tom 06:56 GMT May 22, 2013
EURJPY: Reply
wfak, go back to the dessert with your donkeys and camels
It would be nice that racism not be allowed in this forum...
Porto Cubriclas 08:21 GMT May 22, 2013
Doktor Wfakhourly
Agree with Purk.
I think the only guys that can say if he is in the right forum are the owners of this forum. I think this forum is free to talk about forex.
The others guys please SHUT UP!
Let all participate in the forum.
manila tom 08:09 GMT May 22, 2013
Asset Purchases
Buy EURUSD
Entry: Target: Stop:
red, that means euro has plenty of room to go up on market disappointment on usd after Bernanke
SaR KaL 08:06 GMT May 22, 2013
KaL's Trend and Level
eurcad closing shorts slow
till 1.336
will short later 1.34+
tgt 1.31
Amsterdam Purk 08:04 GMT May 22, 2013
Doktor Wfakhourly
Reply
I have a suggestion for all those who again and again argue with doktor Wfakhourly.
DON'T, it is not worth it. He is still the same man with the same words, nothing more than that.
Keep on going with your own system, use the energy for trading and your families.
Cheers and good luck all.
SaR KaL 08:03 GMT May 22, 2013
KaL's Trend and Level
eurjpy above 133.2
will do shorts till 134.40
for 1.31 tgt
PAR 07:59 GMT May 22, 2013
Currency War
Reply
USA , Japan and UK trying to weaken currency can only make Euro stronger .
Cambridge Joe 07:52 GMT May 22, 2013
EURUSD
Reply
EURUSD short scalp abt 15 mins out from here.
IMO. GL
london red 07:27 GMT May 22, 2013
Asset Purchases
while i dont think bernanke will skew to the side of further easing, i think he will present a balanced view, identifying risks on both sides. but this is enough to hit the dollar as the market has a misguided notion that qe is about to be tapered. during the last month we have seen data disappoint, a list as long as your arm. it doesnt mean more qe but certainly doesnt suggest tapering soon.
Bernanke 07:22 GMT May 22, 2013
Asset Purchases
Reply
Bernanke may re-iterate that the FED asset purchases may be increased further and further .
SaR KaL 07:05 GMT May 22, 2013
EURJPY
wfakhoury/
just apologize to the forum and Jay.
Or come back in a day or 2.
too many people think that you are polluting the forum.
I suggest you have a Banana and an orange..(They help)
tokyo ginko 06:58 GMT May 22, 2013
EURJPY
Name: Asif Mohammad Yousuf Fakhoury
Occupation: Manager portfolios for Forex Trading
Institution: Hala Foundation
Address: Amman 11118 Jordan
PO Box 182 586
Telephone: 5665815
Mobile: 0795555370
Fax: 5688126
Email: [email protected]
Website: www.censored.com email
Nationality: Jordan
Languages: Arabic, English
Hobbies: Writing, tours and travel, Forex Trading
Other features: has issued a series of educational children's books
==============
Hey Amman wfakhoury , you in the wrong forum, this is not the educational children's book forum.
Created a special program to achieve Forex Trading
manila tom 06:58 GMT May 22, 2013
EURJPY
btw wfak, Kwun was asking your plan for gold, you have made him lose many times following your calls exactly, don't hide from him
manila tom 06:56 GMT May 22, 2013
EURJPY
wfak, go back to the dessert with your donkeys and camels
Amman wfakhoury 06:54 GMT May 22, 2013
EURJPY
Reply
Wow tom..you became rabbish and sick now...very difficult to bear your bad smell here.
Hong Kong AceTrader 06:51 GMT May 22, 2013
Daily Outlook on Crosses - EUR/JPY May 22, 2013
Reply
DAILY EUR/JPY CROSS OUTLOOK - 132.45
22 May 2013 06:33GMT
Euro's breach of last Fri's high at 132.55 signals consolidation with upside bias is seen for retest of last Tue's 3-1/2 year top at 132.78, break wud confirm LT uptrend has resumed n extend gainto 132.95/00 b4 prospect of retreat.
Raise long entry with stop as indicated, below wud prolong choppy trading n risk 131.57/60.
STRATEGY : Buy at 131.15
OBJECTIVE : 132.90
STOP-LOSS : 131.80
RES : 132.78/133.00/133.39
SUP : 131.94/131.57/131.05
PAR 06:49 GMT May 22, 2013
Bank of Spain investigation finds that Spanish banks are hiding part of their customer's real nonpe
Of the �208.2B in non-performing loans Spanish banks have refinanced (in order to avoid recognizing them as NPLs), nearly half are treated as though they are not distressed, dubiously eliminating the need to take provisions against them, FT says. These banks have until September to reclassify restructured loans under tougher guidelines, a mandate that will likely necessitate fresh provisioning at some institutions. Between them, Santander (SAN), BBVA, and Caixabank (CAIXY.PK) had �76B in refinanced debt on their books at the end of last year.
manila tom 06:47 GMT May 22, 2013
EURJPY
wfak, look you keep attacking out of nothing FM and Dr Qindex calls when they didn't materialise temporarily, but when they do materialise where do you go?
and how about your disastrous gold calls? you keep hiding under your stupid system and tell everybody that they are on their own for not subscribing to your system? get a life man!
Jay, sorry but this clown is making me sick
SaR KaL 06:42 GMT May 22, 2013
AUDUSD
Amman wfakhoury 03:57 GMT May 22, 2013
This is called insecurity.
Your posts and comments about others + Your picture ( I suggest you change it...Maybe people will take you seriously)
Very simple... Seen people like that all over the globe.
'''''''
for everyone else... I do not like to be rude...but you can see for yourself...he lakes sugar this morning.
'''''''
PAR 06:40 GMT May 22, 2013
EURJPY
BOJ trying to push EURJPY above 135,00 .
Amman wfakhoury 06:39 GMT May 22, 2013
EURJPY
Reply
manila tom 06:28 GMT May 22, 2013
AUDUSD: Reply
=============
You can say that for someone whom works for free in your father shop ,you have to follow the system , or use stoploss
poor poeple is very difficult to please them.they have nothing
only conditions.
tokyo ginko 06:33 GMT May 22, 2013
AUDUSD
ouch!
good one there manila tom!
Amman wfakhoury 06:29 GMT May 22, 2013
Gold
Reply
Central Kwun 05:27 GMT May 22, 2013
EURJPY dive: Reply
wfakhoury, you are finally come back! what is your latest forecast for gold?
_______________-
To post signal gold , it is necessary to follow all the other
signals related to it issued by system , otherwise you have to use your own stp loss.
manila tom 06:28 GMT May 22, 2013
AUDUSD
wfak, don't you dare lecturing others on deep pockets, go back to gold forum and face all your 'deep pockets' calls 1623, 1520, 1495, etc etc and guess where we are now? 1378!
Amman wfakhoury 06:25 GMT May 22, 2013
AUDUSD
Reply
SaR KaL 06:15 GMT May 22, 2013
-------------
I hope those "else" have the deep pocket to follow all your signals this way.
SaR KaL 06:15 GMT May 22, 2013
AUDUSD signal
Amman wfakhoury 03:57 GMT May 22, 2013
I do not care about your "No Comments"
Cool?
For everyone else...I am still short audusd and nzdusd
and will stay that until Targets.
SaR KaL 06:11 GMT May 22, 2013
KaL's Trend and Level
Closed a couple of Cable Shorts
shorted more eurusd
Longed a couple gbpnzd and gbpaud
some longs usdjpy and gbpjpy
part of accumulation
Syd 05:38 GMT May 22, 2013
- Source TradeTheNews.com
Reply
(AU) Australia Bureau of Resources and Energy Economics (BREE): Investment in resource projects may fall by over 2/3rd over the next 5 years back to 2007 levels as companies scale back expansion plans while current projects are completed- Committed to major resources projects valued at A$268B - Rising costs keeps investment value at record high. - A$232B resources projects at feasibility stage. - A$150B resources investment reassessed during the past 12 months. - Committed resources investment may fall to A$70B in 2017.
- Source TradeTheNews.com
Syd 05:37 GMT May 22, 2013
(AU) AUSTRALIA MAY WESTPAC CONSUMER CONFIDENCE
Reply
*(AU) AUSTRALIA MAY WESTPAC CONSUMER CONFIDENCE INDEX: -7.0% (biggest decline in 17 months) V -5.1% PRIOR; INDEX: 97.6 V 104.9 PRIOR- no revisions. - Westpac chief economist Evans: "We expect that the dissatisfaction is not only due to concerns around some of the savings measures in the budget but also the sharp deterioration in the fiscal position, indicating renewed fears about the overall state of the economy." - Source TradeTheNews.com
Syd 05:31 GMT May 22, 2013
Bank of Spain investigation finds that Spanish banks are hiding part of their customer's real nonpe
Reply
(ES) Bank of Spain investigation finds that Spanish banks are hiding part of their customer's real nonperforming loans by refinancing them repeatedly - El Mundo- Found that major Spanish banks have been agreeing to refinance once or even twice clients' mortgages without acknowledging the real few possibilities of getting those loans back. - The average nonperforming loan ratio for these type of retail mortgages in the sector is actually 6.5% v 4.1% that is currently being officially declared. - Inspectors have reviewed the retail mortgage portfolios of Banco Santander, Banco Bilbao Vizcaya Argentaria, Banco Bilbao Vizcaya Argentaria and Banesto and have identified "weaknesses' comparable to the rest of the sector. - Source TradeTheNews.com
Central Kwun 05:27 GMT May 22, 2013
EURJPY dive
wfakhoury, you are finally come back! what is your latest forecast for gold?
Amman wfakhoury 04:45 GMT May 22, 2013
EURJPY dive
Reply
Better to give no signal...than these 2
Amman wfakhoury 04:37 GMT May 22, 2013
EURJPY dive
Reply
you paid for your lunch..it is not free.
tokyo ginko 04:33 GMT May 22, 2013
EURJPY
i already had my lunch yesterday, why eat again today?
Amman wfakhoury 04:29 GMT May 22, 2013
EURJPY
Reply
I already gave a signal that eurjpy will reach 132.35 after that signal.
tokyo ginko 04:27 GMT May 22, 2013
EURJPY dive
hi Amman wfakhoury,
how about giving us a trade recommendation?
Amman wfakhoury 04:24 GMT May 22, 2013
EURJPY dive
Reply
Lahore FM 12:53 GMT May 20, 2013
" Trade Ideas " : Reply
Sell EURJPY
Entry: Target: Stop:
eurjpy can easily take the dive now.
-------------------
It seems eurjpy hasnot dive suit.
Amman wfakhoury 03:57 GMT May 22, 2013
AUDUSD signal
Reply
SaR KaL 10:33 GMT May 21, 2013 - My Profile
Kal`s Trend and Level:Reply: Reply
audusd tgt .94 for today
.90 for 2 wks
---------------------
??????????????
No comments.
Hong Kong AceTrader 02:47 GMT May 22, 2013
Dollar retreats broadly on Fed Bullard's comments : May 22, 2013
Reply
Market Review - 21/05/2013 21:50GMT
Dollar retreats broadly on Fed Bullard's comments
The greenback pared early gains against majority of its peers ahead of Fed Chairman Ben Bernanke's testimony in Congress on Wednesday after St. Louis Fed President James Bullard dented hopes that the Fed might taper its bond purchases anytime soon.
Fed's Bullard said 'asset buying is best policy option for central banks when interest rates near zero; Fed should continue QE, adjusting pace of bond buying according of incoming data.'
Versus the Japanese yen, the greenback rallied at Asian open and rose to 102.76 in Asian morning after Japan Economy Minister Akira Amari clarified his weekend's comments regarding the yen's recent weakness. Dollar continued to trade with firm undertone and climbed to an intra-day high at 102.89 ahead of New York open. However, dollar pared intra-day gains and tumbled to 102.25 in New York afternoon after St. Louis Fed President James Bullard said policymakers should continue buying bonds because it's the best available option to boost growth that is slower than expected.
Japan's Amari said 'hope fx market can strike balance between impact on imports n exports; no comment on whether correction in excessive yen strength is over; hope fx market settles at a level in line with economic fundamentals.'
Although the single currency dropped sharply to 1.2863 in early Asian morning, price rebounded to 1.2902 at European open. However, euro met renewed selling there and dropped to session low at 1.2841 ahead of European open before rallying in New York morning on dollar's strength following comments from Fed's Bullard. Price eventually rose to an intra-day high at 1.2934 in New York afternoon before easing.
Although the British pound came under selling pressure at Asian open and dropped to 1.5221 in Asian morning, price recovered to 1.5263 at European open. However, cable met renewed selling there and tumbled in European morning after a government report showed inflation slowed more than economists forecast, giving the central bank more room to boost stimulus that tends to weaken a currency. Price continued to ratchet lower and hit an intra-day low at 1.5113 in New York morning. Later, the pound pared intra-day losses and rebounded strongly to 1.5180 in New York afternoon on dollar's weakness before stabilising.
U.K. CPI in April came in at 0.2% m/m n 2.4% y/y, lower than the forecast of 0.4% n 2.4% respectively.
In other news, ECB's Liikanen said 'ECB measures have helped narrow bond spread; ECB measures have credibility.'
On the data front, German PPI in April came in at -0.2% m/m n 0.1% y/y, vs the expectation of -0.1% n 0.2% respectively.
Data to be released on Wednesday:
Australia consumer confidence, Japan trade balance, export, import, BoJ rate decision, EU current account, UK BoE meeting minutes, PS net borrowing, CBI industrial trend, Canada retail sales and U.S. existing home sales.
many more chart points
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