GVI Forex john -- Inner Circle 22:00 GMT August 1, 2013
Calendar
Reply
August 1, 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, August 2.
Updated: Trading Events Calendar
HIGH IMPACT RELEASES: US- Employment, Personal Income, PCE, Factory Orders,
GVI Forex Blog 21:47 GMT August 1, 2013
Reply
Event risk today: Locally Australia has Q2 PPI, adding little since CPI is known. The day’s highlight will be US non-farm payrolls, market consensus at +185,000 jobs for July.
Forex - Westpac Morning Report
dc CB 21:45 GMT August 1, 2013
What s wrong with Bernanke ?
30Y yield
I thought they said No Taper?
guess the market dosen't care what they say.
Tallinn viies 21:11 GMT August 1, 2013
eurusd
Reply
closed long euro with 5 pips loss.
didnt feel comfortable whén euro closed at the bottom of daily range.
GVI Forex john -- Inner Circle 20:29 GMT August 1, 2013
Strong U.S data. Jobs on Friday. ECB and BOE steady
Reply
- HIGH
IMPACT ITEMS: US- Employment, Personal Income, PCE, Factory Orders
- July U.S. employment data are
due on Friday. Recall
that Fed policy, both on a tapering of Quantitative ease and on an
eventual increase in interest rates, is tied a declining
unemployment rate. .
- U.S. Weekly Jobless figures and
July PMI data were much stronger than expected. See the FOREX FORUM
for data and charts. .
- These data points should bode
well for the USD over time.
- The Final revisions to July EZ
Manufacturing PMI data were generally higher and wound up at
50.3, above the "50" expansion level. The U.K.
Manufacturing PMI was a solid 54.6.
- Both the Bank of
England and European Central Bank kept policy steady as widely expected.
- For additional key items and
more detail (dates, times, data estimates), be sure to reference our Economic
Calendar and see the FOREX FORUM
for key data and charts.
20d
avg
|
10-yr
|
Equities
|
EURUSD
1.3104
|
JGB
0.79% 0bp
|
Asia
Close Higher
|
USDJPY
99.53
|
Bund
1.66% -1bp
|
Europe:Higher
|
EURJPY
130.42
|
U.S.
2.72% +13bp
|
North
America: Higher
|
GVI Forex Blog 20:28 GMT August 1, 2013
Reply
HIGH IMPACT ITEMS: US- Employment, Personal Income, PCE, Factory Orders
July U.S. employment data are due on Friday. Recall that Fed policy, both on a tapering of Quantitative ease and on an eventual increase in interest rates, is tied a declining unemployment rate. .
U.S. Weekly Jobless figures and July PMI data were much stronger than
Strong U.S data. Jobs on Friday. ECB and BOE steady
dc CB 20:21 GMT August 1, 2013
What s wrong with Bernanke ?
Fabrice Tourre, the former Goldman Sachs trader at the center of a toxic mortgage deal sold to investors on the eve of the financial crisis, was found liable on Thursday for civil securities fraud.
Five years after the crisis, he is the only employee of a big American bank to lose a courtroom battle to Wall Street’s top regulator, the Securities and Exchange Commission. The S.E.C. took only a handful of employees to court over the crisis, but most cases were settled.
After two days of deliberation, the nine-person jury concluded that Mr. Tourre misled investors about the mortgage deal, capping a more than two-week civil trial in one of the most prominent cases involving the 2008 crisis.
Of the seven charges facing Mr. Tourre, the jury found him liable on six.
Lawyers for the former Goldman trader, however, portrayed their client as a scapegoat who was 28 at the time of the crisis. Throughout the trial, the defense lawyers reminded the jury that senior Goldman executives approved the deal.
“The idea that Fabrice Tourre, a 28-year-old vice president, was conjuring up a $1 billion fraud, or conspiring with others, is just not supported by the evidence,” Sean Coffey, one of his lawyers, said during his closing arguments.
Former Goldman Trader Is Found Liable in Mortgage Deal
GVI Forex john -- Inner Circle 19:43 GMT August 1, 2013
Chart Points
UPDATED. Global-View Free FX Database. High-Low-Close data
for over a dozen currency pairs for well over a decade of data in Excel spreadsheet format.
dc CB 19:17 GMT August 1, 2013
What s wrong with Bernanke ?
is this a "hockey stick" parabolic bubble market?
S&P 500 Hits 1,700: Rising At A 140% Annualized Rate
(ZeroHedge stat headline)
london red 19:09 GMT August 1, 2013
euro
Reply
13340/50 was tested and thoroughly rejected but downside thus far limited below 10 day ma. a close below would suggest shorts worth keeping as its been a good guide for multiday trend chasing. however i am inclined to take profit as tomorrows nfp can create enough noise to make a profitable position a losing one. given the opportunity, i would rather sell again with powder in the bag. this does not detract from the fact that the nearterm trend would be down on a close below the 10 day ma. re the nfp, euro took a beating follow todays ism employment component relase so its clear what the market is expecting and what will happen on a good number.
dc CB 18:31 GMT August 1, 2013
Oceania to Eurasia
Reply
Via WSJ,
The U.S. is "extremely disappointed" in the move, White House spokesman Jay Carney told reporters, adding that the Russian decision undermines law-enforcement cooperation between Moscow and Washington.
Russia's decision also threatens to derail a planned September summit in Moscow between President Barack Obama and Russian President Vladimir Putin, which U.S. officials had viewed as a potential breakthrough moment in a monthslong drive to find common ground with Russia on important foreign-policy aims, such as ending the war in Syria. "We are evaluating the utility of a summit in light of this," Mr. Carney said, adding that no decision had been made.
Furious White House Blasts Russian Asylum For Snowden
dc CB 17:46 GMT August 1, 2013
What s wrong with Bernanke ?
WTIC Sept contract.
from a low of 102.93 yesterday morning it flew up $5 to a high of 107.93 , 24 hours later.
did someone declare war in the ME??????
is there a hurricaine bearing down on the Gulf of Mexico?
I keep searching for headline about the rise in oil.
It seems that the rise has no reason and is not worthy of comment.
(sarcasm)
Porto Cubriclas 17:23 GMT August 1, 2013
Lahore FM
Reply
I hope everything ok with my friend FM. A big hug for him.
eu pat 17:19 GMT August 1, 2013
market
Reply
eu pat 17:40 GMT July 31, 2013
fomc: Reply
I have looked carefuly at market. My TA show me this:everything is set up for stronger usd next days. aud, gbp,cad it is. Only eur is still set rise against usd, but its close to change it. jpy is set rise, but its for nikkei futher fall...gold is set for fall, spx 500 as well...is it mean they say tapering is coming??? as I told before, there are some opposite signals, but we see...
---------------------------------------------------------------
The dust settled after FOMC, Draghi ,BoE...everything was neutral, nothing new about tapering, nothing new from Draghi. Usd is stronger on board ( against all)and it has better set up now...jpy is weaker but is logical if usd is stronger, (this set up was false ). Nikkei is much stronger and as well SP 500. changed their set quickly after FOMC and nothing new about tapering. Gold is still set for fall … some opposite signals was due gbp and eur before CB, We seen that signal was valid and market made nice nervous moves to both sides before...
PAR 17:04 GMT August 1, 2013
What s wrong with Bernanke ?
Reply
Us economic indicators are fantastic , stock markets are at all time record highs and the Fed president still thinks and acts like we are in the middle of his beloved 1929 recession .
Obama is upbeat about the economy and the FED thinks economy needs more dope . Inconsistency
SaR KaL 16:27 GMT August 1, 2013
KaL's Trend and Level
out usdcad longs at 1.0340
relong at 1.0267 tgt 1.0376
GVI Forex Blog 16:19 GMT August 1, 2013
Reply
August 1, 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, August 2. Updated: Trading Events Calendar
HIGH IMPACT RELEASES: US- Employment, Personal Income, PCE, Factory Orders,
GVI Forex Data Outlook for 2 August 2013
GVI Forex john -- Inner Circle 16:17 GMT August 1, 2013
Calendar
Reply
August 1, 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, August 2.
Updated: Trading Events Calendar
HIGH IMPACT RELEASES: US- Employment, Personal Income, PCE, Factory Orders,
New York MargaretLekker 16:06 GMT August 1, 2013
fundamental
Reply
Buy EURUSD
Entry: Target: Stop:
Thank you very much for your opinions, I am new to forex trading and my opinion is that the market is unstable and guess what will happen is difficult. I agree with you all that we can provide a look into what will happen are fundamental, this news at least allow us to be a day of passing and prepare for what is coming.
Buy 1.32235 EURUSD, -128 Points
Livingston nh 15:17 GMT August 1, 2013
FED update
Reply
Pres Obama now has two spots to fill on Fed BoG this month -- the politics of the day in DC will likely influence his selections and THEN the BIG one - risk is dovish appointments now might be "not so good" in next business cycle - Senate may take the long view // I'm watching the yield on 5 yr where the Fed is not as active
See if Stox can resist at these levels the higher rates and OIL (??) into next week
HK [email protected] 15:06 GMT August 1, 2013
AUD
Reply
AUD drilling into a protected hard rock(0.8900/10)...But when it will crack many stops will jet to the exits.
SaR KaL 14:50 GMT August 1, 2013
KaL's Trend and Level
Lots of things will change direction in mid aug this year guys
I keep getting it
SaR KaL 14:48 GMT August 1, 2013
KaL's Trend and Level
GBPAUD
for Mid 2014 ... i see 1.25 to 1.14
Just doing unfinished biz for a month or 2
for now i am bearish till < 1.65
next week will buy near 1.63 tgt 1.75 +
IMO around 1.78 to 1.80
is the crash level and point for no return to Mid 2014 tgt
SaR KaL 14:38 GMT August 1, 2013
KaL's Trend and Level
Jezzzzzzzzz Gold....1100 is coming
not worries if goes up a little from 1303
today
it is crashing folks
HK Kevin 14:19 GMT August 1, 2013
" Trade Ideas "
tokyo ginko 14:15 GMT, beware of USD/JPY short. 99.95 in my radar to be reached late NY or early Asia morning tmr.
GVI Forex john -- Inner Circle 14:17 GMT August 1, 2013
United States
U.S. data today supportive of the Fed tapering scenario.
tokyo ginko 14:15 GMT August 1, 2013
" Trade Ideas "
will consider to add again above 109
SaR KaL 14:13 GMT August 1, 2013
KaL's Trend and Level
EURUSD avg tgt is < 1.30
most likely next week will buy around 1.2950 and pt around 1.33 again
GVI Forex john -- Inner Circle 14:12 GMT August 1, 2013
United States
U.S. 10-yr 2.67% +8bp.
GVI Forex john -- Inner Circle 14:10 GMT August 1, 2013
United States
U.S./Eurozone PMIs. Strong PMI data (ISM and Markit).
hk ab 14:09 GMT August 1, 2013
aud
Reply
load more aud s/l 8889....
tokyo ginko 13:52 GMT August 1, 2013
" Trade Ideas "
pls note my crude position is not a intraday play, it is medium term view..targeting 93-95
GVI Forex Jay Meisler 13:40 GMT August 1, 2013
When market say YES to my signal.
SJH, we missed that one and we rely on our members to help us police our forums. You (and everyone else) can contact us if you see anything you find objectionable. That post has been removed and we will deal with this offline.
SaR KaL 13:39 GMT August 1, 2013
KaL's Trend and Level
want to short gbpaud for next week
should go near 1.65
need a turn somewhere
will wait till next day
Ath lk 13:38 GMT August 1, 2013
EUR/USD
Reply
Sell EURUSD
Entry: 1.3260 Target: 1.30xx Stop: 1.3355
Sell more at 1.3310 if
Good Luck 2 all
hk ab 13:34 GMT August 1, 2013
aud
Reply
more relentless buy .8910
NYC SJH 13:27 GMT August 1, 2013
When market say YES to my signal.
I'm not talking about comments towards wfakhoury....i'm talking about disparaging references to Prophet Muhammad.
SaR KaL 13:26 GMT August 1, 2013
KaL's Trend and Level
placed eurusd short at 1.3290..some at 1.3306
tgt 1.3160
tokyo ginko 13:26 GMT August 1, 2013
When market say YES to my signal.
when one foolishly believe that he is "higher" than the market, thus failing to respect the market
NYC SJH 13:22 GMT August 1, 2013
When market say YES to my signal.
My comment was in reference to the below comment:
----------------------------------------------------
comment deleted.
tokyo ginko 13:21 GMT August 1, 2013
" Trade Ideas "
add sold crude 107.02 done
NYC SJH 13:20 GMT August 1, 2013
When market say YES to my signal.
What does this forum allow disparaging comments towards a important figure of a major world religion? It is offensive.
Amman wfakhoury 13:19 GMT August 1, 2013
AUDUSD
Reply
NYC SJH 13:14 GMT August 1, 2013
--------------
Hi , hope you enjoyed your holiday.
AUDUSD 8962 cosolidation level and 8908 wfakhoury directional level.
mostly we are headig twd consolidation level
NYC SJH 13:14 GMT August 1, 2013
EURUSD 13210
Nice call wfakhoury. What do you think of aud/usd?
SaR KaL 13:11 GMT August 1, 2013
KaL's Trend and Level
out nzdusd shorts
long audusd 0.8918
happy with 0.9000 tgt for now
bali sja 13:07 GMT August 1, 2013
buy audusd
Reply
bought 0.8928, stop under 0.8860, target 0.95-0.96
SaR KaL 13:05 GMT August 1, 2013
KaL's Trend and Level
eurgbp might do a new high today
probably .88
but really a sell above 0.8750 (General)
wants 0.85 in aug
Hong Kong Qindex 13:04 GMT August 1, 2013
EUR/USD : Critical Point 1.2797
Buy EURUSD
Entry: Target: Stop:
EUR/USD : Trading Reference
... 1.3135 - 1.3196 // 1.3207 - 1.3267 - 1.3338 // 1.3363 - 1.3407 - 1.3409 // 1.3480 ...
EUR/USD : The market retraced all the way back to around 1.3196 after reaching the recent high at 1.3338. It is now heading towards 1.3267.
Qindex.com
EUR/USD : Monthly Cycle Charts
bali sja 12:54 GMT August 1, 2013
buy euro
Reply
buy small 1.3238, stop 1.3204, target open
SaR KaL 12:49 GMT August 1, 2013
KaL's Trend and Level
dji shorts 15620
tgt 15500
not a great idea..but will do it
GVI Forex john -- Inner Circle 12:47 GMT August 1, 2013
United States
Weekly Jobless data appear to be falling. Data suggest broadly that the jobs markets might be improving..
Click on chart for ten-year history
Amman wfakhoury 12:33 GMT August 1, 2013
EURUSD 13210
Reply
Amman wfakhoury 11:49 GMT August 1, 2013
EURUSD 13210: Reply
13210 confirmed will be reached
------------------
13210 reached.
Tallinn viies 12:32 GMT August 1, 2013
eurusd
Reply
bought europs at 1,3214. stop at 1,3164. target 1,3330/35
prague mark 12:20 GMT August 1, 2013
EURUSD 13210
Amman wfakhoury 12:18 GMT August 1, 2013
thank you sir, you are so kind, that I have longed eur/usd 1.3233, SL 1,3210, TP 1,3444
Uk Imb 12:19 GMT August 1, 2013
EURUSD 13210
Just a warning Fak..you are only a few steps away fron getting droned.
Amman wfakhoury 12:18 GMT August 1, 2013
EURUSD 13210
Reply
I dont want you to sell your pant for that bit.
prague mark 12:13 GMT August 1, 2013
EURUSD 13210
Amman wfakhoury 12:11 GMT August 1, 2013
lets have a bet for 10000USD, 1.3210 DNT for today
Amman wfakhoury 12:11 GMT August 1, 2013
EURUSD 13210
My power is acting everyday.
prague mark 12:09 GMT August 1, 2013
EURUSD 13210
Amman wfakhoury 12:08 GMT August 1, 2013
agree, but today is a bit different day :)
Amman wfakhoury 12:08 GMT August 1, 2013
EURUSD 13210
Reply
prague mark 12:05 GMT August 1, 2013
-----------------
Market can,t say No for me .
prague mark 12:05 GMT August 1, 2013
EURUSD 13210
Amman wfakhoury 11:49 GMT August 1, 2013
it would be bearish, however we position/accumulate for tomorrow with TP 1.3444 after NFP, so no touch 1.3210
Amman wfakhoury 11:49 GMT August 1, 2013
EURUSD 13210
Reply
13210 confirmed will be reached.
GVI Forex john -- Inner Circle 11:08 GMT August 1, 2013
Eurozone
DE 10-yr (EZ benchmark) yield. No rate changes likely from ECB today. Manufacturing PMI data today continue to point towards a sluggish recovery. As often is the case, the ECB press conference at 12:30 GMT could make some news.
GVI Forex john -- Inner Circle 11:01 GMT August 1, 2013
United Kingdom
No BOE statement
GVI Forex john -- Inner Circle 10:29 GMT August 1, 2013
United Kingdom
BOE policy decision at the top of the hour. No rate change is expected ahead of the BOE Inflation Report next week. Nevertheless we are still feeling our way with former BOC Governor Carney at the helm. As we have repeatedly noted, U.K. economic data have been improving recently. The latest strong piece of data was the July manufacturing PMI report today (see below). It appears that no action is currently needed from the BOE.
U.K. Interest Rates. No rate change expected.
douglas IOM cookie 10:09 GMT August 1, 2013
retrace
Reply
Buy AUDUSD
Entry: Target: Stop:
three big down days everybody short maybe time to go long in a bit Aud/jpy had a good lift watching for a change ??
SaR KaL 09:25 GMT August 1, 2013
KaL's Trend and Level
My Recommended amendment to any constitution;
"If it does not make Scene ...Follow the money"
Not many here agree i think
GVI Forex john -- Inner Circle 09:14 GMT August 1, 2013
EZ and U.K. PMI data improved. ECB and BOE Decisions due
Reply
- HIGH
IMPACT ITEMS: BOE/ECB- Rates, North America: US- Weekly Jobless,
Markit PMI, ISM PMI
- The Final revisions to July EZ
Manufacturing PMI data were generally higher and wound up at
50.3, above the "50" expansion level. The U.K.
Manufacturing PMI was a solid 54.6.
- The Bank of
England and European Central Bank will announce
their latest decisions shortly. No policy changes are expected.
- The Fed kept key rates steady
as widely anticipated on Wednesday. Nothing major from the Fed was as
expected. Its logical that the FOMC would wait for the next meeting in
September. After that meeting Bernanke has a pre-scheduled press
conference where he can address any policy changes n detail. See
the FOREX FORUM
for data and charts.
- July U.S. employment is due
Friday. Recall
that Fed policy, both on a tapering of Quantitative ease and on an
eventual increase in interest rates, is tied a declining
unemployment rate.
- For additional key items and
more detail (dates, times, data estimates), be sure to reference our Economic
Calendar and see the FOREX FORUM
for key data and charts.
20d
avg
|
10-yr
|
Equities
|
EURUSD
1.3104
|
JGB
0.80% +1bp
|
Asia
Close Higher
|
USDJPY
99.53
|
Bund
1.63% -4bp
|
Europe:Higher
|
EURJPY
130.42
|
U.S.
2.60% 0bp
|
North
America: Mixed
|
GVI Forex Blog 09:13 GMT August 1, 2013
Reply
HIGH IMPACT ITEMS: BOE/ECB- Rates, North America: US- Weekly Jobless, Markit PMI, ISM PMI
The Final revisions to July EZ Manufacturing PMI data were generally higher and wound up at 50.3, above the "50" expansion level. The U.K. Manufacturing PMI was a solid 54.6.
The Bank of England and European Central Bank will announce their latest decisions shortly. No policy changes are expected.
EZ and U.K. PMI data improved. ECB and BOE Decisions due
SaR KaL 09:00 GMT August 1, 2013
KaL's Trend and Level
The Next president will be the same thing..but with different camouflage.
He/ She is still after "Rome..make Echo and you shall be Immortal"...He get away with all the gold...and you take siit with the rest of your life"
Good deal if i was one of them
GVI Forex john -- Inner Circle 08:44 GMT August 1, 2013
Fixed Income
Reply
Prices in prime fixed income markets mostly higher early in Europe ahead of the BOE and ECB today. Peripherals are mixed.
SaR KaL 08:41 GMT August 1, 2013
KaL's Trend and Level
with usa next election
in 2016
that president will have some credit...from aug this year into mid 2014...Obama will be discredited...not cause he is bad or anything...it's not in his hands...by that time...he will got away with all the gold...Drama of promises that he, or any other, can not deliver ....Nature is it!!
Perfect timing for the next dude...Obama goes away, the next dude walks in...and still people believe in the frequency of lies.
all these dudes do, is give you a false promise...that will take you many years to digest...that is never happened...Kings did that since god knows when...and it is still the same trick..."Wait and you shall be rewarded"...so wait everyone!!
LOL
GVI Forex john -- Inner Circle 08:40 GMT August 1, 2013
United Kingdom
GBP peaks at 1.5206 post exceptionally strong UK PMI data. Should not impact BOE decision later.
GVI Forex john -- Inner Circle 08:33 GMT August 1, 2013
United Kingdom
Reply
U.K. Manufacturing PMI better than expected. Escape velocity?
SaR KaL 08:20 GMT August 1, 2013
KaL's Trend and Level
DJI
Maybe to early to say;
But.. will be slow and creepy from now into aug
Creepy is a key word here...
16000 area is a crash level till sept 2014
take notice guys
BTW I am Longing today at 15484(If seen) tgt 15610
GVI Forex john -- Inner Circle 08:19 GMT August 1, 2013
China
China PMIs. Soime are skeptical about NBS PMI data
GVI Forex john -- Inner Circle 08:14 GMT August 1, 2013
China
Reply
-- EARLIER --
China PMIs July 2013
HSBC: 47.7 vs. 47.7 exp. vs. 47.71 prev.
NBS: 50.3 vs. 49.8 exp vs. 50.1 prev.
TTN: Live News Special Offer
GVI Forex john -- Inner Circle 08:09 GMT August 1, 2013
Eurozone
EZ, GE and Fr final Mfg PMI. Germany Revised up slightly from flash estimate....
Hong Kong AceTrader 08:08 GMT August 1, 2013
Aug 1 : Daily Outlook on Majors USD/JPY
Reply
DAILY USD/JPY OUTLOOK - 98.7501
1 Aug 2013 06:55GMT
Dlr's intra-day rebound fm 97.66 due to recovery
in Japanese stocks suggests further choppy trading
abv y'day's 1-month low at 97.59 wud continue, abv
98.57 wud bring stronger retrace. of recent decline
twd 98.84 but 99.02 shud hold n yield another fall.
Raise short entry for 97.75 n below 97.59 wud
extend twd 97.24. Abv 99.14 aborts n risks 99.51/56
STRATEGY : Hold short
POSITION : Short at 98.75
OBJECTIVE : 97.75
STOP-LOSS : 99.10
RES : 98.57 / 99.14 / 99.41
SUP : 97.59 / 97.24 / 96.72
SaR KaL 08:07 GMT August 1, 2013
KaL's Trend and Level
eurjpy and gbpjpy
IMO bulish for monday
eurjpy should trade above 132.5...will long 129.8 to 129.6
gbpjpy should trade above 153...will long around 148.5
GVI Forex john -- Inner Circle 08:07 GMT August 1, 2013
Eurozone
EZ final Mfg PMI. Improving...
SaR KaL 07:23 GMT August 1, 2013
KaL's Trend and Level
closing some usdchf longs 0.9320
relong (Add) 0.9244 to 0.9223
for 0.95 tgt
edm jl 07:01 GMT August 1, 2013
usd/jpy position trade
yup, took a while but finally got out of that trading range...hope its done for good!
SaR KaL 06:47 GMT August 1, 2013
KaL's Trend and Level
AUDNZD
Once every 4-7 years opportunity
we are at the bottom folks
I am accumulating Longs and generally tgt 1.37 to 1.40
till 1.1420...if it hold above that
will buy more with dips after that
SaR KaL 06:32 GMT August 1, 2013
KaL's Trend and Level
usdcad longs 1.0250 if seen
for 1.035 tgt next day
and overall tgt 1.06 next week
SaR KaL 06:29 GMT August 1, 2013
KaL's Trend and Level
usdjpy
closed few longs here
relong 97.7...still for 1.02 tgt
SaR KaL 06:27 GMT August 1, 2013
KaL's Trend and Level
gold short at 1335 adding today if seen
for 1303 tgt
will profit take eurusd shorts
at 1.3210 if seen today
will add more shorts
1.3325
PAR 06:27 GMT August 1, 2013
USDJPY
Reply
Any BOJ intervention?
SaR KaL 06:19 GMT August 1, 2013
KaL's Trend and Level
HK
I am short
tgt 1.5050 day trade or next day
gold tgt 1602 for today
SaR KaL 06:18 GMT August 1, 2013
KaL's Trend and Level
AUDUSD
Might make a recover into 0.91
possibly next week
wont be easy to go lower then 0.8920 imo
SaR KaL 05:08 GMT August 1, 2013
KaL's Trend and Level
I guess cable wants it's bottom 1.4950 area
So .. from here to there then north to 1.5460
Maybe Red? You think?
Hong Kong AceTrader 02:43 GMT August 1, 2013
Aug 1 : Dollar drops on dovish Fed statement
Reply
Market Review - 31/07/2013 22:20GMT
Dollar drops on dovish Fed statement
The greenback tanked against euro and sterling on Wednesday as the statement from the Federal Reserve did not give any hints about a reduction in its stimulus measures.
The single currency went through a roller-coaster session on Wednesday. Although euro rose strongly from 1.3241 to 1.3301 in European morning after the release of better-than-expected Germany's unemployment rate (12.1% versus the forecast of 12.2%), failure to penetrate Tuesday's top at 1.3302 prompted profit-taking and price tumbled to a low at 1.3210 in New York morning on dollar's broad-based strength due to the better-than-expected U.S. ADP employment change and GDP data, which came in at 200K and 1.7% q/q, versus the forecasts of 180K and 1.0%.
Later, active cross buying of euro versus yen lifted euro and price rallied to 1.3299 at U.S. midday. Later, the pair rose above 1.3302 to a fresh 1-month top at 1.3345 in U.S. afternoon after the release of dovish Fed statement.
The Federal Reserve kept fund rate at 0-0.25% unchanged and released a statement which said 'will buy longer-term treasury securities at pace of $45 billion a month, agency MBS at 40 billion a month; recognizes inflation consistently below 2% goal, could pose risks to economic performance; anticipates inflation will move back toward objective over medium term, current inflation rate partly reflects transitory influences; economic activities has expanded at modest pace in first half 2013, labour market conditions have shown further improvement in recent months; to keep fund 0-0.25% as long as jobless rate above 6.5%, 1-2 year projected inflation no more than 2.5%, longer-term inflation expectations well anchored; housing sector has been strengthening, but mortgage rates have risen somewhat, fiscal policy is restraining growth.'
Versus the Japanese yen, although the greenback dropped from Asian top at 98.16 to a 1-month low at 97.59 in European morning, the pair rose strongly to a high at 98.57 in New York morning after the release of strong U.S. ADP employment change and GDP data but later fell sharply to 97.68 in late New York due to the dovish Fed statement.
The British pound edged lower from Asian top at 1.5245 due to active cross selling of sterling versus euro and then tanked to a low at 1.5125 in New York morning on dollar's strength, however, price staged a recovery in tandem with euro and rose to 1.5220 in U.S. afternoon after the release of dovish Fed statement and rose further to 1.5254 on dollar's weakness.
On the data front, German retail sales in June came in at -1.5% m/m and -2.8% y/y, worse than the forecast of 0.0% and 0.4%. EU unemployment rate in June came in at 12.1%, stronger than the forecast of 12.2%. U.S. Chicago PMI in Jul came in at 52.3, worse than the forecast 54.0.
Data to be released on Thursday:
Australia New home sales, China manufacturing PMI, Italy manufacturing PMI, France manufacturing PMI, German manufacturing PMI, EU manufacturing PMI, ECB rate decision, BOE Rate decision, U.S. Jobless claim, construction spending, ISM manufacturing.
GVI Forex 01:11 GMT August 1, 2013
Chna
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**CHINA JULY CFLP PMI 50.3 VS MNI MEDIAN 49.8; JUNE 50.1
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