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Forex Forum Archive for 09/09/2013

Pick a date from the header above to view forum postings for that day.
Click here to join the Live Forex Forum.


Lahore FM 22:52 GMT September 9, 2013
" Trade Ideas "

Buy USDCHF
Entry: 0.9316 Target: 1.05 Stop: 0.9165

usdchf at daily weekly and 4 h crossroads.my guess is it shud rise from here and so shall USD.long now.

HK [email protected] 22:10 GMT September 9, 2013
They complained about politics in this FX forum, yet..
Reply   


Those complainants offered nothing about FX trading.

I was just amazed, that yesterday morning when there was such a nice setting for sell USD/CHF which eventually became the darling of the market, no one opened their mouth.

Many likely took trades for some CHF crossings, but they kept it for themselves to keep away competitors.

So we have people here (including me) posting political stuff in nature, and that irks those selfish one who comes here for free tips, or get the sentiments of the majority.

If those complainants had posted FX, maybe things would have looked different.

So don't complain; Post FX

GVI Forex john -- Inner Circle 21:15 GMT September 9, 2013
Fixed income markets up. Slow data week
Reply   

  • HIGH IMPACT ITEMS: JP- Tertiary Activity, BOJ Minutes

  • Prices gained in Fixed Income markets gained Monday as dealers had set up for a strong U.S. August payroll report Friday. Traders were disappointed by downward revisions to June and July jobs growth.. .

  • We feel most of the Fed Board is looking for any pretext to "taper"asset purchases. We feel most feel the time has come to draw the program to an end. The upcoming FOMC (Sept 18) meeting includes a press conference so it would be the ideal chance for Bernanke to explain a policy change.

  • The Syrian situation continues to fester as the U.S, continues to debate what action may be taken m.

  • This week has few major items,  Friday sees key Retail Sales data and September preliminary University of Michigan figs.

  • For additional key items and more detail (dates, times, data estimates), be sure to reference our Economic Calendar and see the  FOREX FORUM  for latest key data and charts as they are released.
20d avg
10-yr
Equities
EURUSD 1.3288
JGB 0.75% -4bp
Asia Close Higher
USDJPY 98.40
Bund 1.95% 0bp
Europe Mixed
EURJPY 130.75
U.S. 2.91% -3bp
North America: Higher

GVI Forex Blog 21:14 GMT September 9, 2013 Reply   
HIGH IMPACT ITEMS: JP- Tertiary Activity, BOJ Minutes Prices gained in Fixed Income markets gained Monday as dealers had set up for a strong U.S. August payroll report Friday. Traders were disappointed by downward revisions to June and July jobs growth.. .

Fixed income markets up. Slow data week

Kaunas DP 21:09 GMT September 9, 2013
longed eur/usd
Reply   
Buy EURUSD
Entry: 1.3254 Target: 1.3444 Stop: 1.32

now

Mtl JP 20:40 GMT September 9, 2013
Auctions

Chinese AND Russians and many other buyers of US debt paper and instead add to the offer by dumping some of what they already hold.

lets see if the US Treasury sec Lew feels compelled to step up and proclaim that he thinks, no, that he knows that US debt paper is highly desirable and that everyone wants it

GVI Forex Blog 20:00 GMT September 9, 2013 Reply   
Risk appetite improved, the weekend's Chinese traded data and Syrian developments contributing. The S&P500 is currently up 1.0%, while Brent crude oil is down 2.2%.

NZ Morning Thoughts - FX & IR

GVI Forex john -- Inner Circle 19:47 GMT September 9, 2013
Chart Points
Reply   
Pre-Close Trading Points...
more chart points About Pivot Points


GVI Forex john -- Inner Circle 19:40 GMT September 9, 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.

Paris ib 19:07 GMT September 9, 2013
Kerry's Ultimatum and the FOMC

Something weird has happened to his eyes since then.

dc CB 19:01 GMT September 9, 2013
Kerry's Ultimatum and the FOMC

Paris ib
The farce continues...

you mean the "face" don't you

the K-man during the 2004 elections

Paris ib 18:53 GMT September 9, 2013
Auctions

Right CB so if the Chinese want to send a message this is the perfect opportunity.

What a week !!

dc CB 18:46 GMT September 9, 2013
Auctions
Reply   
just a reminder that there are 3, of which 2 are velly velly velly important Treas auctions this week....and if script follows: stox will churn, gold and silver will get smashed in the run up.

tues - 3year
wed - 10year
thurs - 30year

Paris ib 18:43 GMT September 9, 2013
Kerry's Ultimatum and the FOMC

The farce continues...

Rhetoric

Paris ib 18:37 GMT September 9, 2013
Kerry's Ultimatum and the FOMC

U.S. State department announces vote to go ahead on Syria on Wednesday, backtracks on Kerry's comments about Syria needing to hand over all its chemical weapons, saying they were merely 'rhetorical'. That is: what can Assad do to prevent an attack? Real answer: nothing.

Risk slightly more off again.

dc CB 18:36 GMT September 9, 2013
“Our job is to seek justice,” he said.
Reply   

Five years after Lehman’s collapse hastened a worldwide economic panic,........Not a single senior executive from any Wall Street bank faced criminal charges from the crisis,......

And the government’s deadline for filing most charges will expire this month, the anniversary of Lehman’s collapse

Inside the End of the U.S. Bid to Punish Lehman Executives

Paris ib 18:33 GMT September 9, 2013
The Taper

Assad will be required to say pretty please a million times, while rubbing his stomach and patting his head, in addition he must hand over chemical weapons within the weak, sell off all major infrastructure to approved foreign investors, allow that pipeline and smile meekly for the camera. And then maybe.....

Paris ib 18:29 GMT September 9, 2013
The Taper

I did get that.

dc CB 18:27 GMT September 9, 2013
The Taper

that was a Joke...so far

Paris ib 18:20 GMT September 9, 2013
The Taper

CB :-)

Good grief this is becoming a really bad sit com.

dc CB 18:18 GMT September 9, 2013
The Taper

the next Kerry Ultimatum to Assad

Hand over Syria so we can build that Pipeline!

Paris ib 18:15 GMT September 9, 2013
The Taper

[email protected] do you reckon the charts support that option? No war and small taper??? Target SnP still 1685 or thereabouts.

Paris ib 18:12 GMT September 9, 2013
The Taper

You got a lot of different combinations to look at here:
1) No taper - No War
2) No taper - U.S. attacks Syria
3) Taper - No War
4) Taper - U.S. attacks Syria

And then there are all the other variables. It is going to be a hard couple of weeks. Provisionally I'm thinking number 3.

dc CB 18:08 GMT September 9, 2013
The Taper


*WILLIAMS SAYS POLICY MAY YIELD ASSET BUBBLES, UNINTENDED RESULT
*WILLIAMS: ASSET-PRICE BUBBLES AND CRASHES 'ARE HERE TO STAY'
*WILLIAMS: ASSET-PRICE BUBBLES ARE 'CONSEQUENCE OF HUMAN NATURE'

Fed Uberdove Admits Policy Causes Asset Bubbles (And They're Here To Stay) - Full Speech

dc CB 18:07 GMT September 9, 2013
The Taper

the only way to avoid the Taper is to start a war.

RUSSIA SAYS WILL URGE SYRIA TO PUT CHEMICAL WEAPONS UNDER INTERNATIONAL CONTROL IF THAT WILL AVERT MILITARY STRIKES

apparently the US wants more than just Assad's chemical weapons.

Rice: "Our overarching goal is to end the underlying conflict through a negotiated, political transition in which Assad leaves power"

US Refuses To Admit Checkmate By Russia And Syria, Redirects Purpose Of Military Incursion: Admits Regime Change Intention

LOS ANGELES ABA 17:49 GMT September 9, 2013
endless political comment

Thanks John. I understand that political events can't be ignored and appreciate those who simply discuss the potential impact of such events. That is clearly not what several posters do in this forum. We are constantly subjected to various posters world views. I realize we can simply skip such comments. That would be fine if a Political forum did not exist. However, one exists. In my opinion, such political commentary belongs there. That being said, I believe this is the best forum out there. I learn a great deal from market comments on this forum. I look forward to making contributions myself.

GVI Forex 17:26 GMT September 9, 2013
endless political comment

Poltical comments are okay to the extent they impact the market. It is good to see soe long time members do some self policing although we would also appreciate your market comments.

GVI Forex john -- Inner Circle 17:24 GMT September 9, 2013
endless political comment

We agree with these comments. Please confine political comments on the Forex Forum to items that should impact the markets. As for other political comments, feel free to use the Political Forum.

LOS ANGELES ABA 16:42 GMT September 9, 2013
endless political comment

I completely agree with @Jake. Political comments belong in the Political forum. Those who want to be subjected to endless political comments can go there.

GVI Forex john -- Inner Circle 16:41 GMT September 9, 2013
EURUSD Transmittal Mechanism
Reply   


2-yr yield EZ-US vs. EURUSD. Sometimes it will take a day or so, but the 2-yr spread is the mechanism through which fundaments (weak U.S. jobs) impact forex rates...

Paris ib 16:31 GMT September 9, 2013
Kerry's Ultimatum and the FOMC

The Kerry press conference was a funny one. He was asked what could Assad do to prevent an attack. Kerry answered: give up his chemical weapons.... The Russians didn't let the opportunity go by and now the Syrians have agreed. So this leaves Kerry wrong footed. Meanwhile the markets celebrate. It's going to be an interesting week, good for Euro and Stocks. How long these moves last is open to question.

Central Kwun 16:22 GMT September 9, 2013
Kerry's Ultimatum and the FOMC

so this lead Dow crazy rise? Gold is still firm

Paris ib 15:57 GMT September 9, 2013
Kerry's Ultimatum and the FOMC

Syrian foreign minister welcomes Russian proposal to put its chemical weapons under international control.

Oil falls.

HK Kevin 15:55 GMT September 9, 2013
GBP/JPY
Reply   
This pair is really interesting. RIsk of another 100pips upward move from current level before correction.

Paris ib 15:50 GMT September 9, 2013
The Taper

[email protected] it's a volatile situation and I don't believe the media circus.

@Jake I have the impression you are fairly new to FX and prefer technicals. Fair enough. Right now politics can't be ignored. If your world view is challenged/offended by what you see here it's easy enough to skip comments.

HK [email protected] 15:41 GMT September 9, 2013
The Taper



IB

In other words, possibly the US is not sincere about any kind of peace settlement about the problem.

From the behavior of O. and Kerry and the so negative reaction from congress members and US citizens, I may suspect that both have already their logical faculties severely impaired, so should not be surprised if they will order start operations(limited hahaha) without any approval.

GVI Forex john -- Inner Circle 15:38 GMT September 9, 2013
Fixed Income

Prices in prime fixed income markets have been improving over the day in Europe after disappointing jobs data last Friday. Peripherials prices are

mixed.


Cbj Jake 15:36 GMT September 9, 2013
endless political comment
Reply   
For quite a while now there has been an entrenched cynical comment that is repetitive whining and unprofessional. It has become so that I seek comment from just one trader, "London red"! He is unsurpassed in his calm critical and very generous analysis. He signs in, speaks calmly and trenchantly, without the childish petulance that passes for knowledge. Then he signs off...period.
...What grace and self-apprehension!

Paris ib 15:34 GMT September 9, 2013
The Taper

[email protected] The Russians already have a foothold in the Middle East. Syria is an ally. As were Libya and Iraq. What this is all about is the U.S. trying to destroy those footholds and - if not take over - then at least create chaos in the region.

GVI Forex Blog 15:33 GMT September 9, 2013 Reply   
Solid China August trade data is helping propel modest US equity gains this morning. As of writing the DJIA is up 0.61%, the S&P500 is gaining 0.48% and the Nasdaq is up 0.68%.

TradeTheNews.com US Market Update: Good China Trade Data Drive Modest US Gains

Paris ib 15:31 GMT September 9, 2013
The Taper

Hi John. I agree with your basic scenario but the geopolitics mixes things up a bit in my opinion. What if the taper was softer? Say 10 billion a month? I'm not sure that the market has factored in the possibility of a less than harsh taper (which the Chinese appear to be pushing for unsurprisingly). So maybe that's where the risks lie? Just a thought.

And if it were softer, what then?

Frankly I can't wait for them to issue some clear guidance on this one. Something solid.

How many balls do we have in the air right now? Syria (with all that entails). Taper. The Debt Ceiling. German Elections.

HK [email protected] 15:29 GMT September 9, 2013
The Taper



If Assad will agree to surrender his Chem., it will be done only under an agreement that Russia will provide him an alternative complete defense and support against the rebels.

That will tie the hands of the US against any response in the future.
Thus the Russians will gain a permanent foothold in Syria, not so much in line with US interest in the region.

GVI Forex john -- Inner Circle 15:25 GMT September 9, 2013
The Taper

ib- Its my view that the Fed feels that the Asset Purchase Program is simply not working and that the FED board is worried about all the paper it has been accumulating. Thus they are willing to taper even though the August jobs data were underwhelming. In return for tapering, they have for now been promising low short term rates for the next several years subject to the economy. They will deal with the short term markets subject to the economy.

Paris ib 15:17 GMT September 9, 2013
The Taper
Reply   
We are in the middle of a huge geo-political facedown in Syria. One side: the U.S. - the other side Russia and China. We are also coming up for a very important FOMC meeting on the 18th of this month and German elections on the 22nd. China has already asked the U.S. to go easy on the taper.

Now it seems there is some kind of deal going on with Syria: Russia will ask Syria to comply and hand over its chemical weapons this week. Something which Kerry believes Assad won't and CAN'T do. That said, we may get some kind of deal and an indefinite delay on a U.S. attack. It depends on how hard ball the backroom negotiations are. China holds a lot of cards, that is one huge pile of U.S. Treasuries.

I'm wondering what if we get some kind of deal here? And what if as part of the deal the FED softens the taper stance? After all jobs data was poor.

That would be a surprise for the market. Net result? Higher EUR/USD (which is already happening) and higher stock markets worldwide. U.S. bonds would and are in the process of rallying. USD/JPY ? Well the market is already mega long USD/JPY and there is absolutely no sign of a wall of money leaving Japan. The JGB market which was widely expected to implode has held as steady as a rock while other markets took major hits.

Whatever the scenario we are so at risk of knee-jerk reaction..... it's hard to love this market.

GVI Forex john -- Inner Circle 15:17 GMT September 9, 2013
OBAMA

I moved it to the Political Forum.

Thanks

Sakarya 15:11 GMT September 9, 2013
OBAMA

Buy OTHER
Entry: Hiii Target: Stop:

Hii HK [email protected] Please, what is your expectations about NZDUSD still go up and touch 0,8160?

London Misha 15:06 GMT September 9, 2013
Observations

Sorry for delay - it really is a slow grind today - nevertheless, though it looks like we are confirming the KR Up, we still need two closes over 1.5684 & 1.5636.

Meantime I'm busy on admin!

:((

HK [email protected] 14:56 GMT September 9, 2013
OBAMA



May be removed if you wish.

GVI Forex john -- Inner Circle 14:44 GMT September 9, 2013
OBAMA

Political posts be put on the Political forum unless you can tie them to the markets or a trade, TIA.

HK [email protected] 14:31 GMT September 9, 2013
OBAMA
Reply   
Moved to Political Forum

GVI Forex Blog 14:05 GMT September 9, 2013 Reply   
September 9. 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Tuesday, September 10. Updated: Trading Events Calendar HIGH IMPACT RELEASES: JP- Tertiary Activity Index, BOJ Minutes

GVI Forex Data Outlook for September 10, 2013

GVI Forex john -- Inner Circle 14:03 GMT September 9, 2013
Calendar
Reply   


September 9. 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Tuesday, September 10. Updated: Trading Events Calendar

HIGH IMPACT RELEASES: JP- Tertiary Activity Index, BOJ Minutes



Paris ib 13:26 GMT September 9, 2013
Kerry's Ultimatum and the FOMC

Mr Kerry: "he could turn over every single bit of his chemical weapons to the international community in the next week –

But he isn't about to do it and it can't be done."

Paris ib 13:02 GMT September 9, 2013
Kerry's Ultimatum and the FOMC
Reply   
Kerry has just handed Syria an ultimatum: hand over all your chemical weapons within one week or face attack. Which just happens to coincide with the taper announcement on the 18th of September. So what are they trying to hide in the fog of war. Countdown to WWIII ??

Kerry Again

Bumbling Kerry

Mtl JP 12:45 GMT September 9, 2013
Observations

maybe Fisher chose a "lesser" venue to spout his message

Read our lips: there are no plans to raise rates

What is reader profile of thesundaytimes ?

Mtl JP 12:43 GMT September 9, 2013
Observations

good morning Misha !!
gbp is now closing onto its aug high 1.57168 which is slightly below the june high

Melbourne Qindex 12:15 GMT September 9, 2013
EUR/USD : Critical Point 1.2797

Buy EURUSD
Entry: Target: Stop:

EUR/USD : As shown in the monthly cycle charts the odds are in favour of maintaining a long position when the market was rejected from the barrier at 1.3082 // 1.3103.


Qindex.com

EUR/USD : Monthly Cycle Charts

London Misha 11:02 GMT September 9, 2013
Observations
Reply   
EURUSD - On Daily Chart, a reverse back up with possible Bullish Piercing Line Pattern closes over Long MA & 1.3149 Fib but below 1.3184-86 Fib combo.
USDJPY - Key Reversal Down on Daily Chart! However, market opens higher but with possible Bearish Homing Pigeon Pattern.
GBPUSD - Key Reversal Up on Daily Chart though fails to close over 50% Fib 2009-10 move @ 1.5636 & 38.2% Fib of 2009 move @ 1.5684.
USDCHF - Outside Down Day but market bounces 3rd time up off Long MA on Daily Chart.
EURGBP - Bounces up off Apr-May lows on Daily Chart! Closes back over 50% Fib @ 0.8418 of 2011-12 move.
AUDUSD - Bullish Engulfing Pattern on Daily Chart.
USDINR - H O L I D A Y Today! Follows on rejected Bullish Hammer. Still possible Double Top on Daily Chart as tests 50% Fib Projection support @ 65.02!
USDZAR - Bear move crashes through major support to currently hold on 61.8% Fib of Jul-to-date move @ 9.9298 on Daily Chart.
USDBRL - Follows on Key Reversal Down but with possible Bullish Hammer on Daily Chart. Closes below 50% Fib @ 2.3309 but over the Centre Tine of 2012-13 AP.



Melbourne Qindex 10:24 GMT September 9, 2013
EUR/USD : Critical Point 1.2797

Buy EURUSD
Entry: Target: Stop:

EUR/USD : Speculative buying interest will increase when the market is trading above the barrier at 1.3205 // 1.3207 and the market will tackle the range at 1.3251 // 1.3272 later in the week as suggested by the weekly cycle analysis.


Qindex.com

Quantum Index Analysis

GVI Forex 10:19 GMT September 9, 2013
Global Markets News
Reply   
Rising risk appetite weighed upon the USD in the session. The EUR/USD probed the 1.32 level aided that Euro zone sentiment turned positive for first time in over two years.

TradeTheNews.com EU Market Update: Euro zone sentiment turns positive for first time in over two years

GVI Forex john -- Inner Circle 10:07 GMT September 9, 2013
Focus Fed policy decision on taper. New Australian govt
Reply   

  • HIGH IMPACT ITEMS: No Major Data

  • As we warned early Friday, the street was set up for a strong U.S. August payroll report Friday but traders were disappointed once again. ADP and PMI data are not reliable predictors of the employment report. Downward revisions to June and July data undermined confidence in the economy.

  • We feel Bernanke and most of the Fed Board have been looking for any chance to "taper"asset purchases. We feel the majority opinion on the Board is that the time has come to draw this program to a close. The FOMC (September 18) meeting already has a press conference scheduled so it would be the ideal meeting for Bernanke to explain the decision afterwards.

  • The Syrian situation continues to fester as the U.S, continues to debate military measures.

  • As expected. on Saturdays Australia voted for a change in government with Coalition leader Tony Abbott emerging with a clear Parliamentary majority. He will not be able to overturn the unpopular carbon tax until July of 2014 at the earliest because he will not have the votes until that time.

  • The week is not very full of major items, Friday features a top-tier piece of U.S. data in the form of retail sales data.

  • For additional key items and more detail (dates, times, data estimates), be sure to reference our Economic Calendar and see the  FOREX FORUM  for latest key data and charts as they are released.
20d avg
10-yr
Equities
EURUSD 1.3290
JGB 0.76% -3bp
Asia Close Higher
USDJPY 98.25
Bund 1.96% +1bp
Europe Mixed
EURJPY 130.58
U.S. 2.90% -4bp
North America: Higher

GVI Forex Blog 10:03 GMT September 9, 2013 Reply   
HIGH IMPACT ITEMS: No Major Data As we warned early Friday, the street was set up for a strong U.S. August payroll report Friday but traders were disappointed once again. ADP and PMI data are not reliable predictors of the employment report. Downward revisions to June and July data undermined confidence in the economy.

Wednesday Fed policy decision on taper. New Australian govt

GVI Forex john -- Inner Circle 09:50 GMT September 9, 2013
Fixed Income
Reply   
Prices in prime fixed income markets are mostly mixed early in Europe ahead of the Fed "tapering" decision Wednesday. Peripheral prices are mixed.


GVI Forex john -- Inner Circle 09:09 GMT September 9, 2013
China



EARLIER China CPI steady.


GVI Forex john -- Inner Circle 09:03 GMT September 9, 2013
China
Reply   


-- Earlier --
AUGUST 2013 China CPI
CPI: 2.60% yy vs. +2.60% exp. vs. +2.70% prev.


TTN: Live News Special Offer


Direct links to primary data sources

Hong Kong AceTrader 09:01 GMT September 9, 2013
Sept 9 : WEEKLY TECHNICAL OUTLOOK ON GBP/USD
Reply   


WEEKLY TECHNICAL OUTLOOK ON GBP/USD
09 Sep 2013 02:00GMT

Trend Daily Chart: Sideways

Daily Indicators: Neutral

21 HR EMA: 1.5620

55 HR EMA: 1.5608

Trend Hourly Chart: Up

Hourly Indicators: Bearish divergences

13 HR RSI: 58

14 HR DMI: +ve

Daily Analysis: Consolidation with upside bias

Resistance
1.5753 - JUn 17 high
1.5718 - Augs' high (21)
1.5681 - Last Fri's high

Support
1.5564 - Last Fri's low
1.5522 - Last Tue's low
1.5462 - Aug 30 low

. GBP/USD - 1.5633... Trading cable proved to be tricky due to its daily large swings last week. Price ratcheted higher fm 1.5507 (Mon) to 1.5681 Fri on dlr's broad-based weakness after U.S. payrolls were less than market forecast.

. Looking at the daily chart, sterling's erratic rise fm 1.5427 signals early retreat fm Aug's peak at 1.5718, although strg, has ended there n abv said res wud extend upmove fm 2013 3-year trough at 1.4814 (Jul) to test chart obj. at 1.5753, abv wud encourage for gain to 1.5781, this is the 'natural' 50% r of the MT fall fm 1.6747 (2011 top), abv needed to extend aforesaid move to 1.5879, being 50% proj. of 1.4814 to 1.5718 measured fm 1.5427. Having said that, as the daily indicators wud display 'bearish divergences' on such move, reckon 1.5986 (61.8% proj. ) wud remain intact. On the downside, only below 1.5522 wud abort abv mildly bullish scenario n may yield re-test of 1.5427 later.

. Today, although sterling's retreat fm said Fri's 1.5681 high in NY sug- gests initial consolidation is in store in Asia, below 1.5564 needed to confirm temp. top is made n yield retrace. twd 1.5522 whilst abv 1.5681 risks 1.5718.

Paris ib 07:39 GMT September 9, 2013
The Hypocrisy of America
Reply   

Chemical Weapons

Syd 07:36 GMT September 9, 2013
Aud
Reply   
KL KL 03:26 GM first thing Sunday morning I thought about , no more Rudd god what a relief ..

Hong Kong AceTrader 07:22 GMT September 9, 2013
Sept 9, 2013 : Daily Market Outlook on Asian Exotics USD/IDR
Reply   

USD/IDR DAILY OUTLOOK - 11170

09 Sep 2013 04:11GMT

Usd's rally to 11200 (Fri) suggests the LT upmove
fm 8455 remains in force n upside bias is seen for
further gain to 11300 but reckon 11400 wud hold.

Trade fm long side with stop as indicated, only
below 11030 wud risk retrace. to 11000, 10900.

STRATEGY : Long at 11150

POSITION : Long at 11150

OBJECTIVE : 11250

STOP-LOSS : 11080

RES : 11300/11400/11500

SUP : 11030/11000/10900

GVI Forex Blog 07:20 GMT September 9, 2013 Reply   
- As expected, Australia elects Coalition leader Tony Abbott as its new PM; Miners and airlines among the expected beneficiaries, as the conservative government moves to undo the mining and the carbon

TradeTheNews.com Asian Market Update: Japan gets Olympics, Australia elects new prime minister, China rallies on strong exports - Source TradeTheNews.com

Amman wfakhoury 06:55 GMT September 9, 2013
EURJPY 131.85
Reply   


EURJPY 131.85 reached as shown in the chart

tokyo ginko 06:05 GMT September 9, 2013
oil

added @ 110.25

Pasig evan 05:35 GMT September 9, 2013
EURJPY131.85

EURJPY
Entry: Target: Stop:

131.85 never reached yet, maybe later?

Amman wfakhoury 04:05 GMT September 9, 2013
EURJPY131.85
Reply   
Amman wfakhoury 12:43 GMT September 5, 2013
EURJPY 131.85: Reply
131.85 will be reach again ..buy and buy again now 131.50
act fast.

--------------------
131.85 reached again all buys closed

GVI Forex Blog 03:48 GMT September 9, 2013 Reply   
Equities are up overall.

Morning Briefing : 09-Sep-2013 -0346 GMT

KL KL 03:26 GMT September 9, 2013
Chink CPI

Syd...

Finally...a ;-))......... when Rudd spoke for 5 minutes.... I said I am going to wash the plates.......after 10 minutes....I said ...ok I will vacumn....after 24 minutes...My goodness...this deluded guy give Aussie a bad name.......so I hear from talk back radio calls....LOL

Tell your children under labor KRudd 2013....ALP got the lowest primanry votes and left Aussie with $350 Billion public debt....#$%^&...this is worst than Keating....

Double desolution in 6 months...if the Carbon Tax Repel blocked by the Labor-Greens......this time wipe them off too.....the Greens...LOL

tokyo ginko 03:10 GMT September 9, 2013
Aussie GDP

added short aud/usd .9205

cost position @ .9120

Syd vgb 02:00 GMT September 9, 2013
Chink CPI
Reply   
China's annual consumer inflation rose a manageable 2.6 per cent in August, official data showed today, in line with market expectations and little changed from the previous month's 2.7 per cent rise.

The National Bureau of Statistics also said that China's producer prices fell 1.6 per cent last month from a year earlier, compared with a fall of 2.3 per cent in the previous month.

Economists polled by Reuters had expected consumer inflation of 2.6 per cent and factory-gate prices to fall 1.8 per cent.

Month-on-month, consumer prices were up 0.5 per cent versus a rise of 0.4 per cent expected by economists


Read more: http://www.theage.com.au/business/markets-live/markets-live-china-cpi-buoys-asx-20130909-2teuu.html#ixzz2eMBIsTpU

Hong Kong AceTrader 01:45 GMT September 9, 2013
Sept 9 : Dollar weakens broadly after weaker-than-expected U.S. non-farm payrolls
Reply   
Market Review - 06/09/2013 18:16GMT

Dollar weakens broadly after weaker-than-expected U.S. non-farm payrolls

The U.S. dollar tumbled against other major currencies on Friday after U.S. job growth came in less than market forecast, adding to uncertainty over the Federal Reserve's next policy move at its next policy meeting on September 17-18, weighing on demand for the greenback.

The U.S. economy added 169,000 jobs in August, less than the median forecast of 180,000 increase, whilst previous month's figure was downwardly revised to 104,000 from 162,000. U.S. unemployment rate dropped slightly to 7.3% in August, from 7.4% in July, as more people left the work force.

Versus the Japanese yen, despite an initial rise to a fresh 6-week high of 100.24 in Friday's Australian morning following gain in previous session, profit-taking pressured price from there and dollar tanked to 99.70 in Asia n then to 99.50 in European morning. Later, the release of disappointing U.S. jobs data knocked the pair sharply lower in New York morning to as low as 98.52 before recovering.

The single currency remained under pressure in Asia and then dropped marginally below Thursday's low at 1.3110 to a fresh 6-week low at 1.3105 in European trading after data showed German industrial production fell more than expected in July and adding to signs that growth in Europe's biggest economy is moderating. However, dollar's board-based weakness after U.S. jobs data pushed price sharply higher in New York morning n euro jumped to 1.3180 and then 1.3189 before easing.

Industrial output in Germany contracted by 1.7 percent in July after expanding by 2.0 percent in June. German Economy Ministry says 'July's fall is due mainly to strong previous month; moderate upwards trend in manufacturing, significant stronger trend in construction to continue.'

The British pound retreated versus the dollar after meeting renewed selling interest at 1.5614 in Friday's Asian session and then dropped in tandem with euro to 1.5564 in European morning. However, dollar's broad-based weakness in New York morning together with cross-buying of sterling vs euro sent cable sharply higher to a fresh 2-week high of 1.5681 before retreating on weekend profit-taking.

In other news, G20 said on Friday 'challenges to global economy are unemployment, weak growth, financial market fragmentation in Europe; slower growth in emerging market economies caused in some cases by volatile capital flows; urgent need is to increase the momentum of the global recovery; work on putting world economy on path to recovery is not yet complete; remains mindful of risks, unintended negative side effects of extended periods of monetary easing; central banks commit that future changes to monetary policy are 'carefully calibrated and clearly communicated'; advanced economies commit to credible and ambitious medium-term fiscal strategies; work on global economic recovery not complete'

Data to be released next week :

Monday : Australia home loans, Japan GDP, business capital expenditure, current account, consumer confidence, economic watch DI, China PPI, CPI, Swiss retail sales, unemployment rate, EU sentix investor confidence, Canada building permit.

Tuesday :Australia business condition, Japan all industry index, China industrial production, fixed assets investment urban, retail sales, France industrial production, manufacturing production, Italy GDP, U.K. RICS house price, Canada housing starts, U.S. retail sales.

Wednesday :Australia consumer confidence, Japan Domestic CGPI, Germany CPI, HICP, U.K. claimant count, unemployment rate, average earning, U.S. wholesales inventories, wholesale sales.

Thursday :New Zealand rate decision, Australia employment change, unemployment rate, Japan machinery orders, France HICP, CPI, Italy industrial production, CPI, HICP, EU industrial production Canada new housing price index, U.S. jobless claims, import price index, export price index, Fed budget.

Friday :New Zealand PMI, consumer confidence, Japan industrial production, capacity utilization, EU trade balance, U.S. PPI, retail sales, business inventories, University of Michigan consumer confidence.

Mtl JP 00:57 GMT September 9, 2013
Asia open

fwiw according to GVI Forex Database
Statistic: 9/6/2013 - 9/6/2013
USD/JPY Close: 99.0500

dc CB 00:57 GMT September 9, 2013
Forex Trading Theme for the Week

President Barack Obama will likely wait to announce his nominee to lead the U.S. Federal Reserve until after Congress votes on military action in Syria and probably until the immediate outcome of a strike is clear, according to several people close to the White House.

“Syria right now has kind of paralyzed the town,” said David Plouffe, a former senior Obama adviser. “They’ll wait until the dust clears.”

Obama Seen Delaying Fed Choice Until After Syria Vote

dc CB 00:52 GMT September 9, 2013
Forex Trading Theme for the Week

??????????????

suggest you scroll down to read my 2 posts that are referenced

Mtl JP 00:31 GMT September 9, 2013
Forex Trading Theme for the Week

dc CB if u would like to see gas price go 2x suggest help 0 bomb Syria (and prepare to short homebuilders)

good trades !

dc CB 00:24 GMT September 9, 2013
Forex Trading Theme for the Week

dc CB 01:22 GMT September 8, 2013
The real question is Why is gas-at-the-pump going down in price.

FWIW
gas my local pump is down 15cents from the preLaborDay price.

Mtl JP 00:20 GMT September 9, 2013
Forex Trading Theme for the Week

nh 14:13 just imagine the profits if the Straight of Hormuz gets blocked and 20% of the world’s oil supply gets chocked off.
Maybe the Saudis will have the pleasure and privilege of their own insurgency... something that is long time brewing

HK [email protected] 00:12 GMT September 9, 2013
AUS Elections.
Reply   


The many times untold story of the Aust. elections very anticipated untold story which has been shoved into our neck, begins to take it's toll.

 




Actionable trading levels delivered LIVE to YOUR charts

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 27 May 2019
AAGB/US- Holiday
Tue 28 May 2019
A 14:00 US- Consumer Confidence
C 13:00 US- Case-Shiller
Wed 29 May 2019
A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
A 12:30 US- Weekly Jobless
Fri 31 Mar 2019
AA 10:00 EZ- Flash HICP
A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan


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