Forex Forum Archive for 05/27/2013

Sydney ACC 23:48 GMT May 27, 2013
The murder that may change history

Governments in Europe and Australia have changed the ethnic mix of their societies irrevocably in the space of one generation and there is no going back.
I read an interesting article over the weekend published on The Guardian website about the immigration and the riots over the last week in Sweden. It stated that out of Sweden's current population of 9.5 million 20% are immigrants. But what was most interesting the journalist quoted interviews with immigrants from Bangladesh and Somalia who had previously lived in the UK and the USA, they had moved to Sweden to benefit from that country's social services and economy. Unemployment in Sweden is among the lowest in Europe.
In this article the American's report of the conversation with the British born woman shouldn't be viewed as abnormal. Of all the various ethnic groups that have settled in western societies those of Islamic origins are the least integrated. I'm afraid what are seeing now is just a start of things to come. Paul Sheehan in the SMH last week wrote:
"The website thereligionofpeace.com, which maintains a record of terrorist acts committed in the name of Islam, has logged an astounding 20,939 terrorist acts committed in the name of Islam since the attacks of September 11, 2001."
That is one terrorist act in the name of Islam every five hours. One every five hours on average over almost twelve years, the figure is astounding.

Read more: http://www.smh.com.au/comment/twisting-islam-to-justify-cruelty-20130526-2n535.html#ixzz2UXX8FxSQ

Syd 23:05 GMT May 27, 2013
The murder that may change history
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The murder this week of British soldier Lee Rigby in Woolwich, a working-class district of London, may be one of those incidents that move history.

Prime Minister David Cameron's differences with his own Conservative Party could lead to his ousting

backbench Conservatives - more than 100 of them - to seek an immediate referendum on Britain's leaving Europe.

Cameron could be seen in history as the prime minister who lost both Europe and Scotland -


The murder in Woolwich, ghastly in its barbarity, will have consequences beyond that place.

WORTH A READ

JERUSALEM KB 21:26 GMT May 27, 2013
Trading the sup & ress. levels

Sell GBPUSD
Entry: 1.5110 Target: 1.5065-1.5025 Stop: 1.5160

sold

GVI Forex john -- Inner Circle 20:46 GMT May 27, 2013
Calendar
Reply   


May 27, 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Tuesday, May 28. Updated: Trading Events Calendar

HIGH IMPACT RELEASES: US- Case Shiller, CB Confidence Survey.

• Far East: No Major Data.
• Europe: CH- Trade.
• North America: US- Case-Shiller, CB- Confidence, Richmond Fed, 2-yr auction.


Direct links to primary data sources

Cambridge Joe 20:04 GMT May 27, 2013
Monday holiday in the U.S. and London

It may be unlikely, but if Cable strikes 5088 and remains below 5100 a) within 3 hours and b) before 3 hours, then it is extremely likely that it will buy ( go up) in er... about 3 hours from here !

IMO. GL

So, we have Linear time, Non-Linear time, Cyclical Time and now.... BEER Time all at the same time ! Ha Ha !

GVI Forex john -- Inner Circle 19:16 GMT May 27, 2013
London and N.Y. Holiday Monday
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• HIGH IMPACT ITEMS: US- Case Shiller, CB Confidence Survey
  
• Volatile trade in Japanese  markets today following BOJ Minutes, which usually are not market moving. Increasing doubts are being raised about whether its QE program is going to work,Nikkei sells off again and the JPY is stronger.
• U.S. and U.K. were closed for holidays on Monday.
  
• Major calendar items include German Retail Sales on Tuesday, a Bank of Canada policy decision Wednesday, U.S. Weekly Jobless data Thursday and early Friday the usual heavy end of month run of Japanese data. The U.S. sees a heavy Friday data calendar.
  

GVI Forex Blog 19:15 GMT May 27, 2013 Reply   
HIGH IMPACT ITEMS: US- Case Shiller, CB Confidence Survey Volatile trade in Japanese markets today following BOJ Minutes, which usually are not market moving. Increasing doubts are being raised about whether its QE program is going to work,Nikkei sells off again and the JPY is stronger. U.S. and U.K. were closed for holidays on Monday.

Monday holiday in the U.S. and London

Cambridge Joe 17:35 GMT May 27, 2013
Monday holiday in the U.S. and London

Looks to me as though AUSUSD & NZDUSD have got some heavy appreciation against the USD on the cards over the coming days and weeks. (UP)

IMO. GL

Mtl JP 16:45 GMT May 27, 2013
Monday holiday in the U.S. and London

John pray tell what your view of Carney expects he will do to the GBP: print or not print ?

GVI Forex john -- Inner Circle 15:57 GMT May 27, 2013
Fixed Income

Prices in prime fixed income markets ending lower. Peripherals weaker.

GVI Forex john -- Inner Circle 15:44 GMT May 27, 2013
Chart Points
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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.

ed kw 15:31 GMT May 27, 2013
NFP more steam
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copper last 3 weeks supplies are bought at the bodum

GVI Forex Jay Meisler 14:38 GMT May 27, 2013
Mirror Trading
Reply   

GVI Forex Blog 14:35 GMT May 27, 2013 Reply   
May 27, 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Tuesday, May 28. Updated: Trading Events Calendar HIGH IMPACT RELEASES: US- Case Shiller, CB Confidence Survey

GVI Forex Data Outlook for 28 May 2013

GVI Forex john -- Inner Circle 14:33 GMT May 27, 2013
Calendar
Reply   


May 27, 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Tuesday, May 28. Updated: Trading Events Calendar

HIGH IMPACT RELEASES: US- Case Shiller, CB Confidence Survey.

• Far East: No Major Data.
• Europe: CH- Trade.
• North America: US- Case-Shiller, CB- Confidence, 2-yr auction.


Direct links to primary data sources

Cambridge Joe 13:59 GMT May 27, 2013
AUDUSD

Anyone short scalping aususd might like to make safe fairly soon.

Looks like usdjpy about to soften IMO. GL

ICSForex Jay Meisler 13:34 GMT May 27, 2013
A Powerful Combination
Reply   

GVI Forex john -- Inner Circle 11:05 GMT May 27, 2013
Monday holiday in the U.S. and London

JP- I agree with the gist of the article, namely that having Fed officials every day espousing his or her opinions can be very confusing and can generate unnecessary volatility in the markets. Today its just a lot of meaningless noise TMI (too much information!).

Mtl JP 10:48 GMT May 27, 2013
Monday holiday in the U.S. and London

confusing ?

Primary Dealers Saw Fed’s Confusing Strategy Reducing QE Impact bbrg

GVI Forex john -- Inner Circle 10:02 GMT May 27, 2013
Monday holiday in the U.S. and London
Reply   

• HIGH IMPACT ITEMS: GB/US- Holidays
  
• Volatile trade in Japanese  markets today following BOJ Minutes, which usually are not market moving. Increasing doubts are being raised about whether its QE program is going to work,Nikkei sells off again and the JPY is stronger.
• U.S. and U.K. on holiday today.
  
• Major calendar items include German Retail Sales on Tuesday, a Bank of Canada policy decision Wednesday, U.S. Weekly Jobless data Thursday and early Friday the usual heavy end of month run of Japanese data. The U.S. sees a heavy Friday data calendar.
  

GVI Forex Blog 10:02 GMT May 27, 2013 Reply   
HIGH IMPACT ITEMS: GB/US- Holidays Volatile trade in Japanese markets today following BOJ Minutes, which usually are not market moving. Increasing doubts are being raised about whether its QE program is going to work,Nikkei sells off again and the JPY is stronger. U.S. and U.K. on holiday today.

Monday holiday in the U.S. and London

GVI Forex john -- Inner Circle 09:38 GMT May 27, 2013
Fixed Income
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Prices in prime fixed income markets mixed. Peripherals weaker.

Cambridge Joe 09:30 GMT May 27, 2013
AUDUSD
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AUDUSD softer around 09:40 GMT. A BOD opp for longer term players !

IMO. GL

Cambridge Joe 08:20 GMT May 27, 2013
EURJPY
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EURJPY trade-ably softer about 10 minutes out. IMO. GL

Vietnam 08:09 GMT May 27, 2013

Reply   
Buy USDCHF
Entry: 0.9593 Target: 0.9632 Stop:

Monday, May 27, 2013 05:30 GMT Daily Forex Signal

USD/CHF 0.9632
Up to 0.9665
Down to 0.9574

GOLD 1392.20
Up to 1416.10
Down to 1366.15

Melbourne Qindex 08:01 GMT May 27, 2013
EUR/GBP : Current Comments
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Buy EURGBP
Entry: Target: Stop:





EUR/GBP : The market is positive when it is trading above 0.8557 // 0.8563. Speculative buying interest will increase when the market momentum is strong enough to overcome the resistant points at 0.8601 // 0.8669. The weekly cycle normal upper limits are positioning at 0.8597 - 0.8763 - 0.8943. The medium term upside targeting point is 0.8805.


Qindex.com

EUR/GBP : Monthly Cycle Charts

kl fs 07:28 GMT May 27, 2013
buy euro
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Buy EURUSD
Entry: Target: Stop:

bought 1.2941, target 1.2985+1.3018, stop 1.2876

SaR KaL 06:33 GMT May 27, 2013
KaL's Trend and Level

Good Morning everyone!!

Cairo Muj A Hadeen 05:53 GMT May 27, 2013
Beyond the numbers

Yes. Trading forex to make enough money to finance my trip to go and collect my 72 virgins.

Haifa ac 03:38 GMT May 27, 2013
Beyond the numbers

CAIRO-----
Mujahideen ===muǧāhidīn "strugglers" or "people doing jihad") is a term that Muslims use to describe those they see as Muslims who struggle in the path of Allah jihad ("struggle"). In recent years, Mujahideen has been most closely associated with radical Islam,
THIS IS from Wikipedia/
Are you trading Forex now too?

GVI Forex Blog 03:27 GMT May 27, 2013 Reply   
Most of the equity markets and commodities are around short term supports and seem precariously poised for now.

Morning Briefing : 27-May-2013 -0325 GMT

dc CB 02:49 GMT May 27, 2013
Murdock v Holder
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News Corporation said on Sunday that it had no record of being notified by the Justice Department nearly three years ago of a subpoena for the telephone records of a reporter at its Fox News cable channel.

News Corp. Says It Was Not Told of Subpoena for Reporter’s Phone Records

jkt abel 02:32 GMT May 27, 2013
buy audusd

impending usd downward reversal IMHO

jkt abel 02:30 GMT May 27, 2013
buy audusd
Reply   
Buy AUDUSD
Entry: Target: Stop:

bought 0.9628, adding if 0.9580 seen before setting stop

dc CB 02:06 GMT May 27, 2013
Monday holiday in the U.S. and London

Dillon AL 15:28 GMT May 26
Monday holiday in the U.S. and London: Reply
Fed meetings:
June 19*
++++++++++++++++++++++++++++++++++++++++

Cheers AL

looking for a wild week?
this meeting...June 21 Quad Witching...Expirys...Quarter and First Half....Bonus Money on the Line....

WHATever they do/he says....Sigma 4+ thanks to the Robot treaders.

Syd 01:50 GMT May 27, 2013
Costs risk $100bn gas boom: report
Reply   
The rising cost of doing business in Australia is increasingly forcing global companies to reconsider their investment plans at a cost of around $100 billion to the local economy, The Australian reports.

According to the newspaper, research by McKinsey & Company suggests costs at major gas export facilities are said to have been driven up by workplace disputes and "green-tape" costing the country its geographical price advantage in shipping gas to Asia.

Leading executives in the industry have increased pressure on the government to intervene, warning the window to win the next round of contracts is fast closing.

The Australian reports Shell Australia's country manager Ann Pickard estimated the window would last only another 18 months.

Meanwhile, Chevron Australia managing director Roy Krzywosinski called for "significant national leadership" to lift productivity and improve industrial relations.

"Governments and industry must make changes now to capture this second wave of investment," he said, according to The Australian Financial Review.

"There is an 18 to 24 month window in which to do so.”

LINK

Hong Kong AceTrader 01:50 GMT May 27, 2013
AceTrader WEEKLY TECHNICAL OUTLOOK ON EUR/USD : May 27, 2013
Reply   


WEEKLY TECHNICAL OUTLOOK ON EUR/USD
27 May 2013 00:20GMT

Trend Daily Chart
Sideways

Daily Indicators
Falling

21 HR EMA
1.2933

55 HR EMA
1.2919

Trend Hourly Chart
Sideways

Hourly Indicators
Turning down

13 HR RSI
53

14 HR DMI
+ve

Daily Analysis
Initial recovery b4 down

Resistance
1.3085 - May 09 hourly sup
1.3030 - May 14 high
1.2998 - Wed's high

Support
1.2911 - Fri's low
1.2821 - Thur's low
1.2796 - May 17 5-week low.

EUR/USD - 1.2938 ... Euro went through several 'roller-coaster' sessions last week. The single currency rebounded strongly to 1.2998 on Wed b4 retreating swiftly to 1.2834 on hawkish Fed minutes. Price extended to 1.2821 on Thur b4 rebounding strongly to 1.2957. Euro rose to 1.2994 Fri n then dropped to 1.2911.

. As mentioned earlier, the price action fm 1.2796 (May 17 5-week low) is possibly developing into a 'triangle' with a-leg:1.2796-1.2998; b-leg:1.2821 n c-leg has possibly ended at 1.2994 last Fri, suggesting as long as strg res area at 1.2994/98 holds, consolidation with downside bias remains for another drop to 1.2904/11 sup area (Fri's Asian n NY low respectively), below wud bring further weakness to 1.2887 (61.8% r of 1.2821-1.2994), however, breach of 1.2821 sup
(Thur's low) needed to signal a downside break of 1.2796-1.2998 range has occured n yield resumption of decline fm this month's high of 1.3243 for re-test of said sup n then twds Apr's 4-1/2 month low at 1.2745 later.
. Today, selling euro on recovery in anticipation of another drop is still favoured with stop abv 1.2998, break wud risk stronger retrace. to 1.3030/33.

Syd 01:48 GMT May 27, 2013
The unwelcome home sign
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House prices are falling again. If these falls are the start of a new trend lower rather than just a bit of a blip, it could be a very unpleasant signal that will require a policy reaction from the Reserve Bank.

According to data compiled by RP Data, house prices have fallen 1.5 per cent in less than two months since the end of March to take a chunk out of the 2.6 per cent rise that was recorded in the first three months of 2013. House prices are up just 1.2 per cent in net terms since the start of the year.

LINK

Syd 01:46 GMT May 27, 2013
Market reels from Austeralian dollar weakness, slumps to 5-week low
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Market reels from Austeralian dollar weakness, slumps to 5-week low



THE ASX 200 dropped 1 per cent to a 5-week low of 4931.7 amid continued weakness in the Australian dollar.

The AUD/USD is approaching a 12-month low at 0.9582. Broad-based falls in large caps were indicative of continued futures selling from offshore investors reducing exposure as the Australian share market in US dollar terms turned negative for the year to date.

LINK

Melbourne Qindex 01:21 GMT May 27, 2013
USDX (83.73) : Current Comments
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usdx
Entry: Target: Stop:

USDX (83.73) : Current Comments


The market is stable when it is trading above 83.47 // 83.52. Speculative selling pressure will increase when it is below 82.67 // 82.80. The recent high is 84.59.


Qindex.com

USDX : Monthly Cycle Charts

Cairo Muj A. Hadeen 01:03 GMT May 27, 2013
Beyond the numbers

Haifa AC
A number one hit in Haifa at the moment is the one you should be singing. It starts like this:
"Look up in the sky"
"Its a kosher bird, Its a kosher plane"
"No, Its a Hallal Bomb"

tokyo ginko 00:52 GMT May 27, 2013
Beyond the numbers

and lastly...a time for up and a time for down...

GT all

Haifa ac 00:32 GMT May 27, 2013
Beyond the numbers

A Time for Everything


3 There is a time for everything,
and a season for every activity under the heavens:


2 a time to be born and a time to die,
a time to plant and a time to uproot,
3 a time to kill and a time to heal,
a time to tear down and a time to build,
4 a time to weep and a time to laugh,
a time to mourn and a time to dance,
5 a time to scatter stones and a time to gather them,
a time to embrace and a time to refrain from embracing,
6 a time to search and a time to give up,
a time to keep and a time to throw away,
7 a time to tear and a time to mend,
a time to be silent and a time to speak,
8 a time to love and a time to hate,
a time for war and a time for peace.