dc CB 23:39 GMT September 12, 2013
Global Markets News
New SEC Chair May Jo White's motto "you have to be tough" and plans to toss out the SEC enforcement policy that allowed almost all defendants to settle cases without admitting wrongdoing sound great; but the reality is, as the WSJ reports, the policy shift comes as the SEC turns the page on its financial crisis work.
New investigations into misconduct linked to the meltdown have slowed to a trickle.
And a statute-of-limitations deadline that generally restricts the sanctions the SEC can get for conduct more than five years old is looming for many cases.
The SEC hasn't pursued enforcement actions against several prominent banks that concocted complex debt instruments that unraveled dramatically, dragging down the U.S. economy.
The Slow Rise And Quick Fall Of The SEC's Enforcements
GVI Forex Blog 21:52 GMT September 12, 2013
Reply
Markets were fairly stable overnight. US jobless claims data provided some minor drama, showing a surprisingly large improvement, but later explained by the statistics department as a temporary distortion. The ECB reiterated its dovish forward guidance in
NZ Morning Thoughts - FX & IR
Berlin PR 21:15 GMT September 12, 2013
Global Markets News
the correct link:
http://www.nytimes.com/2013/09/12/opinion/putin-plea-for-caution-from-russia-on-syria.html?src=twr&_r=2&
GVI Forex john -- Inner Circle 21:15 GMT September 12, 2013
Calendar
Reply
September 12. 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, September 13.
Updated: Trading Events Calendar
HIGH IMPACT RELEASES: JP- Industrial Output. US- Retail Sales, University of Michigan Survey
- Far East: JP- Industrial Output.
- Europe: EZ- Trade.
- North America: US- Retail Sales, PPI, University of Michigan Survey, Business Inventories, COT Report.
Direct links to primary data sources
Berlin PR 21:12 GMT September 12, 2013
Global Markets News
NH,
yes: seashells = gold, but we agreed on gold by now and this still stands.
Gold is Money:
It is store of value and it is medium of exchange ( Iran sells you energy for it these days)
Gold is sovereignty and freedom (of a nation), not an economic model.
and somewhat related:
I just read a remarkable op-ed by Putin in the NYT:
http://www.global-view.com/forums/post_reply.html?id=1008286&f=1&fID=&tk=&afx=&s=&frm=&th=&nr=&gvi=&gold=1&w=
GVI Forex john -- Inner Circle 20:50 GMT September 12, 2013
Technical glitch improves weekly jobless data. Key data Friday
Reply
- HIGH
IMPACT ITEMS: JP- Industrial Output. US- Retail Sales, University of
Michigan Survey
- Overnight, the AUD weakened
following the second straight monthly decline in Australian employment.
The
unemployment rate held steady at 5.70% See
the FOREX FORUM
for latest key data and charts as they are released.
- The Reserve Bank of New Zealand
kept its rates steady at 2.50% and promised to keep rates steady until
2014. Rates appear to be headed higher thereafter.
- U.S. Weekly Jobless Claims
surprised the markets with a 292K print which was far below market
expectations for a level of 330K in the week. Afterwards the BLS
announced that the data had been distorted by computer upgrades at two
states which had affected the counts.
- Friday sees key U.S. Retail
Sales
data and September
preliminary University of Michigan Sentiment figures.
- We feel
the Fed plans to announce a "taper" of its asset purchases next
week. Most see a USD 10 bln cut. The September 18 FOMC includes a
press conference so
it is the ideal time to explain a policy change.
- For additional key items and
more detail (dates, times, data estimates), be sure to reference our Economic
Calendar . See the FOREX FORUM
for latest key data and charts as they are released.
20d
avg
|
10-yr
|
Equities
|
EURUSD
1.3287
|
JGB
0.73% -1bp
|
Asia
Close Higher
|
USDJPY
98.70
|
Bund
1.94% -6bp
|
Europe
Lower
|
EURJPY
131.15
|
U.S.
2.90% -2bp
|
North
America: Lower
|
GVI Forex Blog 20:50 GMT September 12, 2013
Reply
HIGH IMPACT ITEMS: JP- Industrial Output. US- Retail Sales, University of Michigan Survey
Overnight, the AUD weakened following the second straight monthly decline in Australian employment. The unemployment rate held steady at 5.70% See the FOREX FORUM for latest key data and charts as they are released.
Technical glitch improves weekly jobless data. Key data Friday
Livingston nh 20:31 GMT September 12, 2013
1321 vicinity???
Gold is a fkin joke --- the world changed 40 yrs ---what is your problem???
Paris ib 20:24 GMT September 12, 2013
1321 vicinity???
Yeah the North Koreans caught on quick. :-)
Mtl JP 20:23 GMT September 12, 2013
Global Markets News
China started to buy gold in size since Feb
huge TIC treasury June sale data
-
The debt amounts floating around are huge as to raise the Q if it can be serviced by economic activity. maybe hyper-inflation , maybe bail-ins maybe mix of the two. Carney is on record claiming that debt endures. Indeed: it does and some always pays.
Paris ib 20:23 GMT September 12, 2013
Global Markets News
CS.... don't matter none. Sure makes for an interesting market though. This Gold thing... with the certificates in the States likely to see massive selling while Gold for delivery keeps getting bought. Interesting. I'm not gonna get involved in the definition of money, it can be bits of green paper and it can be sea shells and it can be Gold but without trust in the people who are supposed to be managing the system it's all worth a great big fat zero. And the people managing the system in the United States aren't exactly covering themselves in glory these days. And that's an understatement. :-)
HK [email protected] 20:18 GMT September 12, 2013
1321 vicinity???
ib
Poor Germans have no nuclear bombs to affirm their claims.
I don't think they would have done it if they had Russian gold.
FW CS 20:18 GMT September 12, 2013
Global Markets News
Jp and ib
Don't bother some people are clueless but germans have caught on. If someone tells me I can't see somethingI have stored with them and can't get it back in seven years the answer is obvious. So I guess germany is a bunch of idiots too for wantng gold right? Funny basel banking group also is now calling gold a tier one asset. Gold is money also said by jp morgan.
Paris ib 20:16 GMT September 12, 2013
1321 vicinity???
[email protected] if they've sold German Gold to China... they stole it.
This story just gets better and better, don't it?
Paris ib 20:15 GMT September 12, 2013
Global Markets News
nh a case can be made that the real idiots are the ones who blindly trusted the financial solidity of the United States and are now holding worthless certificates which say they own (non existant) Gold and then there are the guys who bought..... U.S. Treasuries. How many U.S. Treasuries have the Chinese bought again?
Livingston nh 20:15 GMT September 12, 2013
G'nite
Reply
{{{{{
HK [email protected] 20:13 GMT September 12, 2013
1321 vicinity???
ib
We all panicked because a 45$ drop.
The argument that gold is not money is correct, but it can't explain why China keeps on buying over 100 tons of it every month.
And that also shows that gold is quite available around, so where this tonnage comes from?
I think the FED sells the German gold to China.
Paris ib 20:09 GMT September 12, 2013
1321 vicinity???
CB tinfoil hats and seat belts. Stay safe. :-)
Mtl JP 20:09 GMT September 12, 2013
Global Markets News
NH that is why China is buying all it can get its paws on and India has made its purchases by the plebiat difficult. Eastern cultures have different attitude towards Gold from that of western pundit-dom.
dc CB 20:08 GMT September 12, 2013
1321 vicinity???
I think with the FMOC next week, we could see a drop to 1200 or a tag of 1180ish before the meeting.
imho and with my tinfoil hat tied on tight.
Paris ib 20:07 GMT September 12, 2013
1321 vicinity???
[email protected] what do you think the likelihood of two markets developing: one paper certificates and one for deliverable only? Until we get that we won't get clarity on price IMVHO.
HK [email protected] 20:05 GMT September 12, 2013
1321 vicinity???
Reply
1321 out of which an upward 165$ price explosion happened
in the past should be watched now.
That level will give the answer to what indeed happens.
This is an ideal litmus test.
Heavy buying by China, shortage on deliveries and currently O.S. situation.
Per those, I suggested in the gold forum that it will not drop below 1300 tonight.
Paris ib 20:01 GMT September 12, 2013
Global Markets News
CS yes and the Germans have worked that out and have gone direct to market.
Livingston nh 20:00 GMT September 12, 2013
Global Markets News
Can you guys understand how irrelevant gold is --- QE# can buy all the gold in the WORLD
GET serious --- NOBODY cares about gold 'cause it ain't money
FW CS 19:59 GMT September 12, 2013
Global Markets News
Ib
The obviuos answer is the U.S. doesn't have the gold and is stalling germany for 7 years. They also won't let them even look at it so its definitley gone.
Paris ib 19:58 GMT September 12, 2013
Global Markets News
[email protected] going to court would take time and money and if the Gold isn't even there for delivery it would be pointless. I think there are a lot of people in this market and a lot of people holding worthless certificates saying they own Gold (which doesn't exist). But the bottom line is what it says about the trustworthiness of nothing less than the Central Banks of the United States..... which is just mind boggling. What are we dealing with here? Mind boggling.
HK [email protected] 19:55 GMT September 12, 2013
Global Markets News
ib
I think the matter of slow gold delivery doesn't explode, simply because those in line to collect are silent.
If some will begin to raise their voices or go to court, then something may happen.
Meanwhile they line up silently.
Paris ib 19:45 GMT September 12, 2013
Global Markets News
What is your point nh? I think the risk is that the price of Gold goes lower as the market gets flooded with possibly worthless Gold certificates (at least in the States). But Gold for delivery is likely to remain incredibly tight. The real concern is what it means about the financial stability of the United States. I would suggest that this particular market dynamic is not a positive indicator for the USD. I'm not particularly interested in discussing intrinsic value.
Livingston nh 19:40 GMT September 12, 2013
Global Markets News
There are no absolutes -- seashells = gold --- the world doesn't work like that // you're trading a currency
GVI Forex john -- Inner Circle 19:39 GMT September 12, 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.
Paris ib 19:37 GMT September 12, 2013
Global Markets News
And that nh is a religious view. Good luck with that.
Livingston nh 19:36 GMT September 12, 2013
Global Markets News
GOLD has not a clue - so get over it -- it is a simple commodity // energy is always the key to the advance of civilization
THE USD is worth more than the ruble -- always and for a reason
Paris ib 19:35 GMT September 12, 2013
Global Markets News
I'm not talking about economic theory or internal U.S. politics. I'm talking about how the Germans get around the refusal of the FED to hand over their Gold: they sell their Gold certificates and they buy Gold for delivery.
The upshot, of course, is there is enormous mistrust of the FED in the international community and the corollary is there isn't a h.ell of a lot of faith in the USD either.
Livingston nh 19:30 GMT September 12, 2013
Global Markets News
Look you guys are trying off economic theory that is BS -- the tea party mopes have no clue --- this is BS
Paris ib 19:28 GMT September 12, 2013
Global Markets News
nh you need to get the Germans to read this memo. They want their Gold back, so they sell certificates which are 'backed up' by the FED (so potentially worthless) and the buy Gold for delivery. That's what the market is telling you. It's not a religious view.
Livingston nh 19:26 GMT September 12, 2013
Global Markets News
First the US DOES NOT CARE about inflows - second Gold is an irrelevancy = GET a GRIP// the world changed == forget about 19 th century economics
C'mon get on board - read the Memo
Paris ib 19:20 GMT September 12, 2013
Global Markets News
John there are Gold certificates and their is real, physical, deliverable Gold. I would suggest that the price of Gold is falling because there is a huge amount of selling pressure on the certificates. Everyone wants the deliverable stuff and my point is this: we could very soon end up with two markets, one for certificates (where prices could easily go to zero) and one for physical (where prices could skyrocket). The refusal of the FED to allow an audit and to deny delivery to the Germans is something which is having major ramifications. What would you have done if you were German? I know what I would have done: sold my Gold certificates as fast and as quietly as possible. And the price action since 2012 certainly seems to back up that idea.
dc CB 19:19 GMT September 12, 2013
Global Markets News
you're kidding right? about there being plenty of gold
GVI Forex john -- Inner Circle 19:15 GMT September 12, 2013
Global Markets News
If there were a credible shortage of gold, prices would not have tumbled $43 today.
Paris ib 19:11 GMT September 12, 2013
Global Markets News
And if this is the case (which looks like it might be).... then the credibility of the USA just took another very major hit, which is not good for the old status as a reserve currency... and obviously it's not good news for the USD.
They can try to spin this all they like. Delivery is nuts and bolts. If, when push comes to shove, you can't deliver.... well you can try to start a major conflict to create a smokescreen... but at some point you have to stand and deliver. Showtime.
Paris ib 19:06 GMT September 12, 2013
Global Markets News
And are the Germans trying to get their Gold delivered regardless of the FED's refusal to deliver? Are they in fact selling their (possibly fictional) reserves (supposedly) held with the FED while at the same time buying whatever they can get for delivery? So the paper certificates are (or will be) worthless but the physical stuff will go through the roof?
Gold prices topped out right about the time the Germans asked for an audit and after they couldn't get that they asked for delivery, which they didn't get either.
Paris ib 19:01 GMT September 12, 2013
Global Markets News
So there is huge demand for 'deliverable' Gold. Not surprising really since the FED refused to deliver Germany's Gold on request. What is the chances we end up with two markets: a collapsing market for Gold certificates and a rising market for 'deliverable' Gold?
prague mark 18:54 GMT September 12, 2013
The Taper
from this week eur/usd performance my bet is that market accumulates short positions >1.33xx level and tomorrow we will see reversal day (close below 1.3250) and it will go lower next week into Ben event... should the market react to it as USD possitive - acceleration to the downside will prevail and those who sold >1.33xx will be in green... IMHO
dc CB 18:42 GMT September 12, 2013
Global Markets News
the claims per deliverable ounce of gold on the COMEX has risen to a new high of 57.6 contracts per ounce.
GVI Forex john -- Inner Circle 18:37 GMT September 12, 2013
The Taper
WSJ survey of economists says they expect an announcement of a taper of USD15bln next Wednesday. I stick to my USD10bln expectation. I think Ben will just want to get his toes wet just to see what happens. He can get aggressive later.
Cape May jb 18:12 GMT September 12, 2013
EURUSD
Its worth pointing out that Jay's video today pointed out the upside RISK int the EURUSD well before it spiked. imho, his CSA system is made for this market.
Paris ib 18:03 GMT September 12, 2013
EURUSD
Yeah the 'troubles' of Europe are vast and well documented. But the U.S.? Well not so much.... it all depends on what's IN the market. The European 'crisis' has been hyped to heaven since 2010..... I would say that's pretty much in the market. And capital flows now are EURO favourable, whether you agree with the rationale or not is rather beside the point. To date in 2013 there has been a certain amount of repatriation of capital OUT of the U.S., but we haven't had a full blown panic...... yet. What we have though is a country which depends on capital inflows and has increasingly so for the best part of 40 years, reaching a crescendo in 2008-9..... and now those capital inflows have stopped and we have the start of repatriation. That's a whole new ball game.
Livingston nh 17:49 GMT September 12, 2013
EURUSD
FWIW - this is a horror show - there are so many ways for this to go wrong --- it's a cork floating on a sea of uncertainty
dc CB 17:48 GMT September 12, 2013
Global Markets News
There was a time when, if selling a sizable amount of a security, one tried to get the best execution price and not alert the buyers comprising the bid stack that there is (substantial) volume for sale. Of course, there was and always has been a time when one tried to manipulate prices by slamming the bid until it was fully taken out,,
What was different about last night's slam however, is that this time whoever was doing the forced, manipulation selling, just happened to also break the market. Indeed: following the hit, the entire gold market was NASDARKed for 20 seconds after a circuit breaker halted trading!
To summarize: a humble block of 2000 gold futs (GC) taking out the bid stack, and slamming the price of gold, managed to halt the gold market: one of the largest "asset" markets in the world in terms of total notional, for 20 seconds.
Here is Exhibit A of either market manipulation or yet another broken market from Nanex:
Vicious Gold Slamdown Breaks Gold Market For 20 Seconds
Cape May jb 17:39 GMT September 12, 2013
EURUSD
JP- One of the major "fundamentals" is capital flows, which are virtually impossible to identify before the fact. I don't know why, but it is pretty clear to me that there has been ongoing demand for EURUSD that has been offsetting the economic fundamentals. This has the feel of "real money".
Paris ib 17:06 GMT September 12, 2013
USD/JPY
No worries. I think we won't really get a good idea of the lay of the land till we get through next week. Still way too many balls in the air. ;-)
Livingston nh 17:03 GMT September 12, 2013
USD/JPY
ib - I merely put the observation out as something to consider -- perhaps early perhaps disastrously wrong - or I could wait until it moves above 35 or 50 // no recommendation either side = depends on your trading bubble (21 wk ma is LT consideration)
I still owe you a PF comment
GVI Forex john -- Inner Circle 17:03 GMT September 12, 2013
Fixed Income
30-yr @ 3.820%
bid to cover 2.40 vs. 2.26
good auction
Mtl JP 16:20 GMT September 12, 2013
EURUSD
Cape May jb 14:58 - the currently "quiet" euro has been the pain trade , particularly for those holding a fundamental nega-view about its structurals. With technicals on both sides of the trade bias maybe better off riding other pony until a clearer bias develops
Paris ib 16:18 GMT September 12, 2013
USD/JPY
That's a bounce? I don't think so. The market is sitting major long USD/JPY and we haven't even begun to hit stops yet.
GVI Forex 16:17 GMT September 12, 2013
USD/JPY
98.99. = 100 day mva
Livingston nh 15:52 GMT September 12, 2013
USD/JPY
Reply
Yen has bounced off the 100 dma and the 100 4 hr ma -- whatever won't go down may go up ( caution 4 hr MACD looks BAD)
GVI Forex john -- Inner Circle 15:49 GMT September 12, 2013
Fixed Income
Late in Europe, prices in prime fixed income markets are mostly higher. Peripheral bond prices are mostly lower. 30-year auction @17:00 GMT.
prague mark 15:38 GMT September 12, 2013
KaL's Trend and Level
Saar KaL 15:24 GMT September 12, 2013 - My Profile
///
in asia I would sell 1.3330 and Friday NY will cover 1.3220
Livingston nh 15:30 GMT September 12, 2013
Calendar
JP -sorry, just catching up -- my cloudy crystal (8) ball says no add likely - banks and most pols want taper but for different reasons - banks need higher interest rates (imo this could spur lending) and pols attention span requires a new focus // the no taper or add folks are asking for trouble
Saar KaL 15:28 GMT September 12, 2013
KaL's Trend and Level
Gold expecting lower then 1300 Next day folks
Saar KaL 15:24 GMT September 12, 2013
KaL's Trend and Level
will buy in Asia
EURUSD (1.3230) and Cable (1.5739)
Saar KaL 15:13 GMT September 12, 2013
KaL's Trend and Level
next week bearish eurusd
from 1.3520 to 1.3570
wants 1.3050 after dat
Mukalla Waleed 15:13 GMT September 12, 2013
sell gbp to 1.5560
Reply
Sell GBPUSD
Entry: Target: Stop:
gbp going south
GVI Forex Blog 15:08 GMT September 12, 2013
Reply
September 12. 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, September 13. Updated: Trading Events Calendar
HIGH IMPACT RELEASES: JP- Industrial Output. US- Retail Sales, University of Michigan Survey
GVI Forex Data Outlook for September 13, 2013
GVI Forex john -- Inner Circle 15:06 GMT September 12, 2013
Calendar
Reply
September 12. 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, September 13.
Updated: Trading Events Calendar
HIGH IMPACT RELEASES: JP- Industrial Output. US- Retail Sales, University of Michigan Survey
- Far East: JP- Industrial Output.
- Europe: EZ- Trade.
- North America: US- Retail Sales, PPI, University of Michigan Survey, Business Inventories, COT Report.
Direct links to primary data sources
Cape May jb 14:58 GMT September 12, 2013
EURUSD
Reply
It seems the markets keep suckering traders in with EURUSD shorts. The corrections recently have been abrupt and sudden. Bottom-line trading the short side of EURUSD increasingly requires risk management (anticipation) as well as market analysis because there is no way out if you are wrong. Any thoughts?
GVI Forex john -- Inner Circle 14:26 GMT September 12, 2013
The Taper
I agree with your press conference comment. Bond prices have already priced in a lot!
Saar KaL 14:26 GMT September 12, 2013
KaL's Trend and Level
IMO last 2 weeks was the start of gold down drop for the year
I see 850 comin
May da force be with you
Paris ib 14:21 GMT September 12, 2013
The Taper
John I think it might be priced in but it's hard to tell since this is the first taper I've ever been through. Nervousness abounds. The press conference might turn out to be way more important than the taper itself.
GVI Forex john -- Inner Circle 14:19 GMT September 12, 2013
The Taper
Goldman is squarely in line with the market consensus. Personally I think has to be fully priced in? I think the goal of the Fed must be to make as few waves as possible.
Paris ib 14:04 GMT September 12, 2013
The Taper
Reply
Goldman is calling a 10 billion taper. I'm assuming in the Treasury market (with buying continuing in the mortgage backed securities area)..... implications? Should be seen as dovish (in the general scheme of things).
GVI Forex Jay Meisler 13:54 GMT September 12, 2013
Video Update
Reply
I posted this on the Inner Circle yesterday and hopefully will get everyone thinking about discussing trading. If you want to see more like this send me an EMAIL
GVI Forex Jay Meisler 19:17 GMT September 11, 2013 - My Profile
Wednesday's Market: Reply
Today is a good example of what we are trying to achieve on the Inner Circle - giving you the tools needed to trade. I could have entitled it the Rubber band Trade
Using retracements to your advantage
GVI Forex Jay Meisler 13:53 GMT September 12, 2013
Shame
As I said, enough and get back to the market.
Amman wfakhoury 13:52 GMT September 12, 2013
Shame
Reply
There are too many good and very nice traders in this forum,
whom I respect and answer them when they asked politely.
GVI Forex Jay Meisler 13:32 GMT September 12, 2013
Shame
WFak, I am not defending you and with a live acct, your real time trading will do the talking.
Now if you would stop using words like rabbish (not even a word), idiot, etc, maybe you would become less of a lightening rod.
Similar to UK, you can contact me directly to discuss this but enough has been said on the FF.
This is the last I will discuss this on the FF.
Amman wfakhoury 13:28 GMT September 12, 2013
Shame
Reply
Jay ..it is shame to ask those rabbiash to contact you..they have nothing to say..they are just here to attack , show me
any useful post for those silly and rabbish . b4 you asked them to contact you.
Good news : 10k live account will be opened soon for your offer.
HK [email protected] 13:27 GMT September 12, 2013
GBPUSD 15724
This Wafq. is typical to the Levant.
Best is not to mind him, and his posts.
And later he will disappear to another place where he can get some responses.
uk mfg 13:26 GMT September 12, 2013
GBPUSD 15724
Lol...will do.....
Saar KaL 13:22 GMT September 12, 2013
KaL's Trend and Level
Cable Longs from 1.5720 to 1.5660
TGT 1.5910
gbpaud shorts (Its gonna crash)
GVI Forex Jay Meisler 13:21 GMT September 12, 2013
GBPUSD 15724
Then please stop wasting space with the constant sniping. I am serious about contacting me.
uk mfg 13:20 GMT September 12, 2013
GBPUSD 15724
No need for contact Jay...Just let the comedy flow and we encourage Fak to post more ...and he can get his brothers to post , to complete the act....lol...
GVI Forex Jay Meisler 13:15 GMT September 12, 2013
GBPUSD 15724
UK (and others). I asked you yesterday to contact me by email if you want to discuss this but no one contacted me. if you are serious on your request then contact me offline.
London Misha 13:15 GMT September 12, 2013
Observations
Reply
EURUSD - Breaks up through broken 2011 Downtrend & closes right on 61.8% Fib of Nov 2012-Feb 2013 move @1.3308 on Daily Chart.
USDJPY - Bullish Engulfing Pattern fails & market closes down with a Bearish Harami below 99.84-91 Fib combo on Daily Chart.
GBPUSD - Still follows on to Key Reversal Up on Daily Chart with 1st close over Jun highs & Middle Tine of Jul-Aug SP!
USDCHF - Key Reversal Down on Daily Chart with close back below Long MA!
EURGBP - Follow on to Bearish Harami but with possible Bullish Hammer on Daily Chart.
AUDUSD - Still follow on to Bullish Engulfing Pattern on Daily Chart but today a possible Key Reversal Day!
USDINR - Still follows on to Breakaway Gap & Double Top (target achieved) on Daily Chart but today possible Bullish Matching Pattern.
USDZAR - Key Reversal Up on Daily Chart fails & market tests Medium MA support!
USDBRL - On Daily Chart, indecisive Spinning Top after test down & rejects 61.8% Fib (2.2586) Mar-Aug move & possible Tweezer Bottom.
Sorry for late posting - busy on a London Cocoa delivery issue!
Amman wfakhoury 12:55 GMT September 12, 2013
GBPUSD 15724
Reply
Pasig evan 12:51 GMT September 12, 2013
--------------
My signal was very clear ...and you understood it very well.
but you want to show the forum , how xxxx are you.
Pasig evan 12:51 GMT September 12, 2013
GBPUSD 15756
GBPUSD
Entry: Target: Stop:
Funny you are also confuse with your own statements, or I just don't understand your English.
GVI Forex john -- Inner Circle 12:44 GMT September 12, 2013
United States
Weekly Jobless data distorted by computer upgrades. Wait for the data revisions.
Click on chart for ten-year history
Amman wfakhoury 12:40 GMT September 12, 2013
GBPUSD 15756
Reply
Pasig evan 10:15 GMT September 12, 2013
GBPUSD 15756: Reply
GBPUSD
Entry: Target: Stop:
Amman wfakhoury 08:15 GMT September 11, 2013
GBPUSD : Reply
Amman wfakhoury 09:01 GMT September 10, 2013
GBPUSD: Reply
Ottawa
-----------
GBPUSD also ready for 90-100 pips move if keeps above 15700
15724 confirmed and will be reached then if 1 hour bar closed above 15724 will continue up.
-------------------
15724 reached yestrday and kept above 15700..so will continue rising .
in all cases any decline will return again 15724
---------------------------------
This call expired
read well : any decline ..will return again 15724
there is no decline below 15724
GVI Forex john -- Inner Circle 12:34 GMT September 12, 2013
United States
Labor Department warns latest Jobless data distorted by computer upgrades by a couple of states.
You should expect future revisions in these data.
Melbourne Qindex 12:28 GMT September 12, 2013
AUD/USD : Critical Point 0.9368
Reply
AUDUSD
Entry: Target: Stop:
AUD/USD : Critical Point 0.9368
The market is under pressure when it is rejected from the critical barrier at 0.9345 // 0.9368. As shown in the monthly cycle directional indicator the market is going to test the supporting strength of 0.9196. A supporting barrier is expected at 0.9157 // 0.9167.
Qindex.com
AUD/USD : Monthly Cycle Charts
Amman wfakhoury 12:24 GMT September 12, 2013
GBPUSD 15796
Reply
prague mark 10:56 GMT September 12, 2013
GBPUSD 15756: Reply
Amman wfakhoury 09:06 GMT September 12, 2013
///
Sir, is GBP/USD TP 1.5756 still valid... (I am short from 1.5818)? TIA
-----------------------------
yes still active and will reach 15656 if 1hr bar closd below 15696 ..otherwise you have to exit and re -enter when 1 her bar closed
GVI Forex john -- Inner Circle 12:05 GMT September 12, 2013
United States
HEADS-UP: Data (top of forum)
EURUSD= 1.3290
GBPUSD= 1.5790
USDJPY= 99.42
AUDUSD= 0.9244
USDCAD= 1.0322
US 10-yr= 2.89%
DE 10-yr= 1.97%
GB 10-yr= 2.97%
(Manually refresh forum to update Calendar)
Direct links to primary data sources
GVI Forex john -- Inner Circle 11:38 GMT September 12, 2013
United States
Reply
I just read from a very reliable source that there is the possibility that holiday-week distortions will make the claims figures less reliable than usual. Weekly Jobless @ 12:30 GMT.
prague mark 10:56 GMT September 12, 2013
GBPUSD 15756
Amman wfakhoury 09:06 GMT September 12, 2013
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Sir, is GBP/USD TP 1.5756 still valid... (I am short from 1.5818)? TIA
GVI Forex Jay Meisler 10:47 GMT September 12, 2013
binary options
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- Binary Options
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Paris ib 10:35 GMT September 12, 2013
Eurozone
JP fun times ahead. Seat belts everyone!
Mtl JP 10:16 GMT September 12, 2013
Eurozone
Paris ib bailins galore coming. the laws are on the books of G-20 countries for a reason
Pasig evan 10:15 GMT September 12, 2013
GBPUSD 15756
GBPUSD
Entry: Target: Stop:
Amman wfakhoury 08:15 GMT September 11, 2013
GBPUSD : Reply
Amman wfakhoury 09:01 GMT September 10, 2013
GBPUSD: Reply
Ottawa
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GBPUSD also ready for 90-100 pips move if keeps above 15700
15724 confirmed and will be reached then if 1 hour bar closed above 15724 will continue up.
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15724 reached yestrday and kept above 15700..so will continue rising .
in all cases any decline will return again 15724
Paris ib 09:42 GMT September 12, 2013
Eurozone
All those hoping for a stronger global economy in the last quarter of this year are likely to be disappointed. Rates have bottomed, their impact is fading, governments are tapped out and global international trade is flat lining on the bottom. It's gonna be an interesting close to the year. The Stock market rally on Syrian hopes looks like it has topped out.
GVI Forex john -- Inner Circle 09:39 GMT September 12, 2013
Australia employment falls. RBNZ policy steady as expected
Reply
- HIGH
IMPACT ITEMS: US- Weekly Jobless, 30-yr Auction
- Overnight, the AUD weakened
following the second straight monthly decline in Australian employment.
The
unemployment rate held steady at 5.70% See
the FOREX FORUM
for latest key data and charts as they are released.
- The Reserve Bank of New Zealand
kept its rates steady at 2.50% and promised to keep rates steady until
2014. Rates appear to be headed higher thereafter.
- Fixed Income
market prices are higher. Hope remains the Syrian situation will fade
away..
- We feel
the Fed plans to announce a "taper" of its asset purchases next
week. Most see a USD 10 bln cut. The September 18 FOMC includes a
press conference so
it is the ideal time to explain a policy change.
- Friday sees key U.S. Retail
Sales
data and September
preliminary University of Michigan Sentiment figures.
- For additional key items and
more detail (dates, times, data estimates), be sure to reference our Economic
Calendar . See the FOREX FORUM
for latest key data and charts as they are released.
20d
avg
|
10-yr
|
Equities
|
EURUSD
1.3290
|
JGB
0.73% -1bp
|
Asia
Close Higher
|
USDJPY
98.60
|
Bund
1.97% -3bp
|
Europe
Lower
|
EURJPY
131.04
|
U.S.
2.89% -3bp
|
North
America: Lower
|
GVI Forex Blog 09:38 GMT September 12, 2013
Reply
HIGH IMPACT ITEMS: US- Weekly Jobless, 30-yr Auction
Overnight, the AUD weakened following the second straight monthly decline in Australian employment. The unemployment rate held steady at 5.70% See the FOREX FORUM for latest key data and charts as they are released.
The Reserve Bank of New Zealand kept its rates steady at 2.50% and promised to keep rates steady until 2014. Rates appear to be headed higher thereafter.
Australia employment falls. RBNZ policy steady as expected
GVI Forex john -- Inner Circle 09:14 GMT September 12, 2013
Fixed Income
Reply
Prices in prime fixed income markets are higher early in Europe. Peripherals prices are mixed.
Amman wfakhoury 09:06 GMT September 12, 2013
GBPUSD 15756
Reply
15756 confirmed and will be reached ..any rise above 15796 will be return to 15796
GVI Forex john -- Inner Circle 09:03 GMT September 12, 2013
Eurozone
Largest fall in EZ industrial output since September 2012. EURUSD falls...
GVI Forex john -- Inner Circle 08:52 GMT September 12, 2013
Australia
EARLIER: AU Employment data weaker than expected. The unemployment rate was steady. AUD weaker
london red 08:27 GMT September 12, 2013
No wall of money - JPY
paris, here is what you are looking for. non domestic bonds is whats important.
http://www.mof.go.jp/international_policy/
reference/itn_transactions_in_securities/week.pdf
HK [email protected] 07:56 GMT September 12, 2013
9/11
Saar KaL 05:17
This video, is typical to American paranoids, which I have already mentioned B4.
Sure a fabricated video, for sick minds.
london red 07:48 GMT September 12, 2013
-
Reply
carney and co speak to parliament today, all kicks off at top of the hour. since carney will be speaking more for himself than any mpc statement could allow him too, there is maybe a bigger risk of him talking down rates. if as a whole they dont jawbone or instead say they are comfortable with the current situation, then sterling is going to rally further.
euro has fibo support at 13285, may act as pivot today. certainly think that while that level holds, we will see a test of 13345/50. not sure we can overcome 13400/50 pre fomc, would be a seller 13350 upwards in prep for fed meet next week. ahead of this we have claims today, retail sales and conf tomorrow.
Paris ib 07:43 GMT September 12, 2013
No wall of money - JPY
Reply
Data on Japanese buying of foreign bonds was out last night. It didn't fit the "narrative" so it's mostly unreported. Anyone got a link? I did see a flying headline..... the Japanese are NOT buying massive amounts of foreign bonds at any rate.
Saar KaL 07:37 GMT September 12, 2013
9/11
IB
I watch the news, only to remove one story...the story given to me by the news... :)
Hong Kong AceTrader 07:27 GMT September 12, 2013
Sept 12, 2013: Daily Market Outlook on Asian Exotics USD/IDR
Reply
USD/IDR DAILY OUTLOOK - 10520
12 Sep 2013 06:57GMT
Usd's breach of Tue's high at 10500 confirms LT
upmove fm 8455 has resumed n upside bias is seen
for 11590 n 11700 but 11800 shud hold from here.
Trade fm long side with stop as indicated, be-
low wud risk weakness twd 11300, 11200.
STRATEGY : Long at 10510
POSITION : Long at 10510
OBJECTIVE : 11700
STOP-LOSS : 11450
RES : 11590/11700/11800
SUP : 11450/11300/11200
Paris ib 07:26 GMT September 12, 2013
9/11
KaL At this point I do not believe the official narrative about just about everything.
Saar KaL 07:25 GMT September 12, 2013
9/11
Paris/
So I take it you do not believe that video?
Or... Should i think otherwise?
Paris ib 06:02 GMT September 12, 2013
9/11
KaL.... the one gigantic miscalculation. That one act of enormous hubris (ie. we can pull this off) is the weakest link of the entire narrative. That goes, it all goes. Who can buy the USD as the international reserve currency in circumstances such as this? Answer: no-one. Which is why the Germans asked for their Gold back. Why is Gold weak? I would suppose the Germans are quietly selling all their U.S. Gold all the time.... (if they're not going to get it back and it's worthless they may as well) and buying it back for delivery elsewhere. Fundamentally Gold is strong but their are huge market movements taking place under the surface.
Further to casus belli in Syria:
"Several writers have noted the odd fact that the Libyan rebels took time out from their rebellion in March to create their own central bank - this before they even had a government."
Libya in the picture
london hmk 05:58 GMT September 12, 2013
AUD/USD DECLINE
Reply
ANY COMMENT ON AUD/USD 100 PIP DICLINE
Saar KaL 05:33 GMT September 12, 2013
9/11
How will Bush get out of that one?
DC RF...can you explain please?
Now do you a conspiracy theory for a video with almost everyone in the world?
Hong Kong AceTrader 02:05 GMT September 12, 2013
Sept 12, 2013 : Euro strengthens against dollar on easing concerns over Syria
Reply
Market Review - 11/09/2013 22:22GMT
Euro strengthens against dollar on easing concerns over Syria
The single currency rose to a 1-1/2 week high against the dollar on Wednesday as concerns over Syria eased after the White House confirmed that President Obama is in talks with France and Britain about getting a United Nations resolution to hold Syria to its apparent commitment to place its chemical weapons under international control.
During the day, despite euro's initial drop from Asian high of 1.3282 to 1.3244 in European morning, improved risk appetite due to easing concerns over Syria lifted price higher in New York morning and euro later rose to a fresh 1/2-week peak at 1.3325 before easing.
Versus the Japanese yen, although dollar extended gain to a fresh 7-week high of 100.62 in Asia following the rally in previous session, profit-taking pressured price from there and dollar later ratcheted lower in European trading to 100.08 and fell further to 99.79 in New York on broad-based weakness in greenback before stabilising.
The British pound traded narrowly below Tuesday's high of 1.5745 in Asia but found support at 1.5719. Cable later rallied to a 7-month peak at 1.5827 after unexpectedly strong U.K. jobless claim data in European morning but only to retreat to 1.5755 on renewed cross-selling in sterling. Later, dollar's broad-based weakness lifted pound again in New York trading and cable penetrate 1.5827 to session high at 1.5829.
U.K. Office for National Statistics reported on Wednesday that unemployment rate in the U.K. declined to 7.7 percent in the period from May to July, from 7.8 percent in the February to April period. Meanwhile, the claimant count change declined by 32,600 in August, compared to a decline of 36,300 in the previous month, but better than market's expectations of a drop of 21,000.
In the other news, BOJ board member Ishida said earlier on Wednesday that 'Japan's economy expected to continue moderate recovery; government efforts to restore confidence in Japan's economic growth; exports must start serving more as driver of Japan's econ growth; expect to see clear CPI rises for the being; price rises may broaden if personal consumption remains strong; rise in regular pay, rather than bonuses, more effective in boosting consumer spending; Fed's tapering may weigh on other countries' growth by raising long-term interest rates; econ recovery won't be sustained unless household income rises in tandem with price gains.'
Data to be released on Thursday:
New Zealand RBNZ rate decision, Australia employment change, unemployment rate, Japan machinery orders, German WPI, 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, and Fed budget.
Syd 01:30 GMT September 12, 2013
Source TradeTheNews.com
Reply
*(AU) AUSTRALIA AUG EMPLOYMENT CHANGE: -10.8K V 10.0KE; UNEMPLOYMENT RATE: 5.8% V 5.8%E- Full Time Employment Change: -2.6K v -6.7K prior - Part Time Employment Change: -8.2K v -3.5K prior - Participation Rate: 65.0% v 65.2%e - Source TradeTheNews.com
many more chart points
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