Forex Forum Archive for 09/23/2013

Mtl JP 23:17 GMT September 23, 2013
eurusd

viies 15:34 I recently read bbrg reporting that the FED is not adding $85 billion every month but in excess of average $91bn / month in this 2013 . fwiw

Melbourne Qindex 22:39 GMT September 23, 2013
CAD/JPY : Heading Towards 98.131
Reply   
Buy
Entry: Target: Stop:




CAD/JPY : Heading Towards 98.131


Unless the market is trading below 95.628 otherwise I would assume CAD/JPY is heading towards 98.131.


Qindex.com

tokyo ginko 22:38 GMT September 23, 2013
Fast money: oil going for 103 break
Reply   
fast money...break of 103 to 101.50...GT all

Melbourne Qindex 21:55 GMT September 23, 2013
EUR/USD : Critical Point 1.2797




EUR/USD : The critical point is located at 1.3439. The following is still valid :


==============================================

Melbourne Qindex 12:59 GMT September 21, 2013
EUR/USD : Critical Point 1.2797 : Reply
Buy EURUSD
Entry: Target: Stop:




EUR/USD : A supporting level has been established at 1.3484 // 1.3496. Speculative buying interest will increase when the market can trade above the recent high at 1.3570. The short term target is 1.3656 and the medium term target is 1.3828.


Qindex.com

Quantum Index Analysis

GVI Forex john -- Inner Circle 21:28 GMT September 23, 2013
Calendar
Reply   


September 23 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, September 24. Updated: Trading Events Calendar

HIGH IMPACT RELEASES: DE- IFO, CA- Retail Sales, Conference Board Survey

• Far East: No Major Data.
• Europe: DE- IFO.
• North America: CA- Retail Sales, US- Case Shiller, Richmond Fed, Conference Board Servey, 2-yr Auction, API Energy.

GVI Forex john -- Inner Circle 20:42 GMT September 23, 2013
Mixed flash PMI's. Merkel returns as Chancellor
Reply   

• HIGH IMPACT ITEMS: DE- IFO, CA- Retail Sales, Conference Board Survey
  


• On Tuesday, the closely-followed German IFO sentiment Survey will be released. This is often a market-moving event. The U.S. Conference Board Consumer Sentiment Survey is due as well.
  


• Flash PMI data from the Eurozone have been mixed today and that outcome has been a weight on the Euro. Earlier, the HSBC flash PMI in China was better than expected.  See the  FOREX FORUM  for latest key data and charts as they are released.
  


• National elections in Germany will see Chancellor Merkel returned for a third term. She fell just short of an absolute majority and so will have to form a coalition government. One pundit described the outcome as a vote for "continuity".


• On Friday, the University of Michigan Sentiment Survey is released among other items.


• Press reports increasingly suggest that Janet Yellen is the likely candidate to take Bernanke's job. The nomination could come as early as this week or next. She should be a safe appointment.
  


• 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.
  

GVI Forex Blog 20:41 GMT September 23, 2013 Reply   
HIGH IMPACT ITEMS: DE- IFO, CA- Retail Sales, Conference Board Survey On Tuesday, the closely-followed German IFO sentiment Survey will be released. This is often a market-moving event. The U.S. Conference Board Consumer Sentiment Survey is due as well.

Mixed flash PMI's. Merkel returns as Chancellor

Amman wfakhoury 20:08 GMT September 23, 2013
EURUSD 13455
Reply   
Mark
Any rise above 13500 ..will return again to 13500.

prague mark 20:06 GMT September 23, 2013
eurusd

agree, but what retracement is pending: 1.3510-20 or else?

Amman wfakhoury 20:02 GMT September 23, 2013
eurusd

Mark

EURUSD 13455 confirmed ..will be reached

prague mark 19:46 GMT September 23, 2013
eurusd

Amman wfakhoury 18:41 GMT September 23, 2013

////

Sir, whar is your view re eur/usd? 1.3495 pivotal level or else? TIA

GVI Forex john -- Inner Circle 19:40 GMT September 23, 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.

GVI Forex john -- Inner Circle 19:24 GMT September 23, 2013
Chart Points
Reply   
Pre-Closing Trading Points...
many more chart points
About Moving Averages
About Bollinger Bands

Amman wfakhoury 18:41 GMT September 23, 2013
Gold 30$ move up
Reply   
Important signal @ gold forum.

dc CB 15:53 GMT September 23, 2013
Monday



FMOC SnP pop all gone

GVI Forex 15:53 GMT September 23, 2013
Global Markets News
Reply   
The euro has softened a little bit in the wake of the German election results, however it is still sustaining most of the gains seen in the wake of the Fed's surprise taper hold
TradeTheNews.com US Market Update: Europe, US Indices at Their Lows on Weak PMI Data

Tallinn viies 15:34 GMT September 23, 2013
eurusd
Reply   
a bit longer term view of mine is that euro will not start to fall before trend of central banks balance sheets sizes starts to change.
right now FED balance sheet is growing 85 billion in a month. ECB balance sheet is shrinking 15-25 billion in a month.
new ECB LTRO may change things OR FED stoping printing money but this may never happen

GVI Forex john -- Inner Circle 15:24 GMT September 23, 2013
Fixed Income

Late in Europe, prices in prime fixed income markets have been drifting higher as equities fall. Peripheral bond prices are now

mixed.

GVI Forex Jay Meisler 15:17 GMT September 23, 2013
eurusd

Viies, EUR is softer on most of its crosses but EURUSD downside contained as long as it stays 1.3450+

prague mark 15:16 GMT September 23, 2013
eurusd

Buy eur/usd... will close 1.3525

Tallinn viies 15:13 GMT September 23, 2013
eurusd
Reply   
Draghi again tried to talk euro down. no success so far.
even new LTRO mentioned?

Belgrade TD 14:59 GMT September 23, 2013
Daily TA trade

Belgrade TD 18:24 GMT September 18, 2013
... Sold Sp500 (ES) ~ 1714 ... T/S later ...
///
Belgrade TD 19:44 GMT September 20, 2013
out 1/4 ~1704 ... reducing risk ...
///
out another 1/4 ~1693 ... set stop at 1705 ... targeting ~1660/70 or lower ...

tokyo ginko 14:54 GMT September 23, 2013
long snp 1694
Reply   
load up snp 1694..

dc CB 14:32 GMT September 23, 2013
Monday

The old-fashioned way -- with an impression of a fingerprint.

But remember, Apple said that won't work.

iPhone5s Fingerprint Scanner Hacked

Mtl JP 13:16 GMT September 23, 2013
Monday

Draghi's Introductory statement to the press conference (with Q&A)
-
next up - couple FED trumpets on deck:
13:20 non-voting dove Lockhart
13:30 parma-voter and dove Dudley; w/Q&A

dc CB 13:10 GMT September 23, 2013
Monday

iPhone Home

APPL up $30 in premarket. Anncs 9mill iPhones sold in 1st weekend.

9 million agree to surrender their thumbprints to the NSA.
baaa baa baa baaaaaaa

GVI Forex john -- Inner Circle 13:09 GMT September 23, 2013
United States



U.S. flash Markit Mfg PMI. Weaker than expected.

GVI Forex john -- Inner Circle 12:58 GMT September 23, 2013
United States

Mtl JP 12:55 GMT September 23, 2013
Monday
Reply   
at top of the hour:
Draghi yaks at European Parliament - ecb

GVI Forex Jay Meisler 12:52 GMT September 23, 2013
KaL's Trend and Level

tks Kal

Saar KaL 12:42 GMT September 23, 2013
KaL's Trend and Level

Longing USDJPY from 98.5 to 98.3
tgt 100

GVI Forex john -- Inner Circle 12:31 GMT September 23, 2013
United States
Reply   

Mtl JP 12:27 GMT September 23, 2013
Merkel to return as German Chancellor. Mixed flash PMIs

the Chic Fed Nat Activity index is not exactly a HIGH IMPACT affair. Expectation is for ‐0.05 vs -0.15 last

dc CB 12:21 GMT September 23, 2013
Auctions
Reply   
Treas this tues, wed, thurs: 2s, 5s, 7s.

Also VERY LARGE POMO week
Today $3.00 - $4.00 billion
Tues $1.25 - $1.75 billion
Wed $2.75 - $3.50 billion
Thurs $1.25 - $1.75 billion
Fri (for the End of Month/Quarter Window Dressing a realy BIG) $4.75 - $5.75 billion

Saar KaL 12:18 GMT September 23, 2013
KaL's Trend and Level

Kuawn
Yes Bullish from levels given

GVI
I am sorry... i will next time for gold forum
Thank you

GVI Forex 12:09 GMT September 23, 2013
Global Markets News
Reply   
Euro/USD saw small initial gains on Chancellor Merkel's victory in the German elections, securing her a third and final term; however that was quickly replaced with broad weakness as longtime partner failed to secure enough votes for seats.

TradeTheNews.com EU Market Update: European markets continue to trade cautiously following recent Fed meeting

London Misha 12:01 GMT September 23, 2013
Observations
Reply   
EURUSD - 2nd indecisive Spinning Top after a new six month high on Chart.
USDJPY - Bullish Engulfing Pattern & Pipe Bottom lead to a possible Tweezer Top on Daily Chart. Possible Bullish Doji on Weekly Chart.
GBPUSD - Follow on to AP/SP resistance, Bearish Harami & Tweezer Top with 2nd Black Crow on Daily Chart.
USDCHF - Indecisive Spinning Top after 3rd Black Crow. Still fails at 2011-to-date Neckline of H+S Top (0.9081) on Daily Chart. Possible Key Reversal today!
EURGBP - Key Reversal Up on Weekly Chart! On Daily Chart an indecisive Spinning Top after a Long White Closing Marubozo & Double Bottom. Possible Key Reversal today!
AUDUSD - 2nd Black Crow follows Tweezer Top on Daily Chart!
USDINR - Market tries to fill Gap but still either the 2nd part of a Midway Gap or a final Exhaustion Gap on the Daily Chart.
USDZAR - 2nd White Soldier as continues up from failure at 61.8% Fib support of May-Aug move (9.4802) & a Tweezer Bottom on Daily Chart.
USDBRL - Closes over both Fibs at 2.1978 & 2.2027 with mildly bullish Spinning Top, possible Tweezer Bottom, all on Daily Chart.

Mtl JP 11:05 GMT September 23, 2013
Fed

Sept. 23, 2013, 6:26 a.m. EDT
Stock futures edger higher ahead of Fed speakers
===
S&P 500 sits at 14.94 p/e meaning that players are content to wait 14.94 years to get their capital outlay back out of corporate earnings.

FED's taper inaction message of non-confidence that the economy is still not cured by FED's "medecine" should be a warning that stocks may be richly valuated.

GVI Forex Jay Meisler 10:37 GMT September 23, 2013
KaL's Trend and Level

Please post gold updates in the Gold Forum TIA

Central Kwun 10:20 GMT September 23, 2013
KaL's Trend and Level

KaL, you are very bullish

Saar KaL 09:57 GMT September 23, 2013
KaL's Trend and Level

gold bullish for oct and mid nov
I see 1470
Buying below 1300 this week
1295 to 1285
tgt 1378
gl

GVI Forex john -- Inner Circle 09:24 GMT September 23, 2013
Merkel to return as German Chancellor. Mixed flash PMIs
Reply   

• HIGH IMPACT ITEMS: US- Markit flash PMI
  


• Flash PMI data from the Eurozone have been mixed today and that outcome has been a weight on the Euro. Earlier, the HSBC flash PMI in China was better than expected.  See the  FOREX FORUM  for latest key data and charts as they are released.
  


• National elections in Germany will see Chancellor Merkel returned for a third term. She fell just short of an absolute majority and so will have to form a coalition government. One pundit described the outcome as a vote for "continuity".


• On Tuesday, the closely-followed German IFO sentiment Survey will be released. This is often a market-moving event. The U.S. calendar is relatively subdued. It features the Conference Board and University of Michigan Sentiment Surveys among other items.Friday.


• Press reports increasingly suggest that Janet Yellen is the likely candidate to take Bernanke's job. The nomination could come as early as this week or next. She should be a safe appointment.
  


• 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.
  

GVI Forex Blog 09:23 GMT September 23, 2013 Reply   
HIGH IMPACT ITEMS: US- Markit flash PMI Flash PMI data from the Eurozone have been mixed today and that outcome has been a weight on the Euro. Earlier, the HSBC flash PMI in China was better than expected. See the FOREX FORUM for latest key data and charts as they are released.

Merkel to return as German Chancellor. Mixed flash PMIs

GVI Forex john -- Inner Circle 08:32 GMT September 23, 2013
Fixed Income
Reply   
Prices in prime fixed income markets are mixed after German vote and mixed PMi's. Peripherals prices are weaker.

Saar KaL 08:26 GMT September 23, 2013
KaL's Trend and Level

EURGBP
From here into .8250 area easy

GVI Forex john -- Inner Circle 08:25 GMT September 23, 2013
China
Reply   


Earlier: HSBC flash PMI better than expected...

GVI Forex john -- Inner Circle 08:23 GMT September 23, 2013
Eurozone



EZ, German and French flash Services PMIs...

GVI Forex john -- Inner Circle 08:22 GMT September 23, 2013
Eurozone



EZ, GE and FR flash Mfg PMIs...

Saar KaL 08:21 GMT September 23, 2013
KaL's Trend and Level

GBPNZD short
tgt 1.89 area

GVI Forex john -- Inner Circle 08:21 GMT September 23, 2013
Eurozone



EZ Services PMI improving. Better than expected.

GVI Forex john -- Inner Circle 08:20 GMT September 23, 2013
Eurozone



EZ Mfg PMI weaker than forecast; above critical 50 line.

GVI Forex john -- Inner Circle 08:09 GMT September 23, 2013
China
Reply   

GVI Forex john -- Inner Circle 07:58 GMT September 23, 2013
Eurozone
Reply   

GVI Forex Blog 07:43 GMT September 23, 2013 Reply   
- German chancellor Merkel to retain her post as widely expected; CDU/CSU bloc receives nearly 42% of the vote but loses junior coalition party FDP as it fails to reach 5% Parliamentary threshold; Lik

TradeTheNews.com Asian Market Update: China flash PMI hits a 6-month high; Merkel wins 3rd term as Chancellor but expected to be forced into a "grand coalition" with center-left***Observations/Insight

Hong Kong AceTrader 07:20 GMT September 23, 2013
Sept 23 : Daily outlook on Asian currency USD/KRW
Reply   
DAILY USD/KRW OUTLOOK - 1075.6
23 Sep 2013 05:39GMT

As usd has remained under pressure after the re
sumption of fall fm 1163.5 (Jul), suggesting down-
side bias is seen for further losses to 1069.8.

Trade fm short side with stop as inidcated, abv
wud risk stronger gain to 1082.0, 1086.8.

STRATEGY : Short at 1075.4

POSITION : Short at 1075.4

OBJECTIVE : 1070.0

STOP-LOSS : 1078.4

RES : 1078.3/1082.0/1086.8

SUP : 1069.8/1056.4/1054.5

Saar KaL 06:51 GMT September 23, 2013
KaL's Trend and Level

Dr. AUDUSD I agree
Dangerous to long
I did...small a while ago
probably hits 0.9530 to .9550
Late today


NZDUSD Long here tgt .85

Melbourne Qindex 06:45 GMT September 23, 2013
AUD/USD : Weekly Cycle Analysis

AUDUSD
Entry: Target: Stop:




AUD/USD : There is a positive correlation between Gold and AUD/USD. Gold is working on the critical point at 1324.0 and AUD/USD is working on the critical point at 0.9430 at the moment.


Qindex.com

Quantum Index Analysis

Saar KaL 06:12 GMT September 23, 2013
KaL's Trend and Level

NDX
wants 3267 IMO

Saar KaL 05:42 GMT September 23, 2013
KaL's Trend and Level

EURUSD
Any going for 1.37ish?
will do small Longs

Saar KaL 04:34 GMT September 23, 2013
KaL's Trend and Level

Starting to Buy Cable
Bough at 1.600
will add at 1.5950
and 1.5900

GVI Forex Blog 03:34 GMT September 23, 2013 Reply   
Dow (15451.09, -1.19%) is down. We see a support at the current levels.

Morning Briefing : 23-Sep-2013 -0332 GMT

Hong Kong AceTrader 03:14 GMT September 23, 2013
Sept 23: Dollar rises against yen on hawkish comments from Fed's Bullard
Reply   
Market Review - 22/09/2013 23:24GMT

Dollar rises against yen on hawkish comments from Fed's Bullard

The greenback strengthened against yen on Friday after St. Louis Fed President James Bullard said it is possible to taper stimulus measures in October, depending on U.S. economic data.

Versus the Japanese yen, although the greenback dropped briefly to 99.17 in Asian session, the pair traded narrowly in Europe but then pierced through Thursday's high at 99.63 to 99.67 in New York morning due to the comments from Fed's Bullard as he said policy changes were possible at the Fed's October meeting depending on U.S. economic data.

St. Louis Fed President James Bullard said 'the transparency cat is out the bag" for the Fed; increase in rates over the summer was "a surprise" for many FOMC; don't want to lose the focus on inflation; we should defend our inflation target from the low side; October meeting is live, policy changes possible depending on U.S. economic data.'

The single currency traded narrowly in Asia as several centres in the Far East were closed for holiday. Although price edged higher briefly to 1.3549 in European morning, euro then ratcheted lower to 1.3507 in New York morning, price later dropped to session low at 1.3498 in New York morning on dollar's broad-based strength before cross-buying of euro lifted price back to 1.3537.

Although the British pound edged higher from Thursday's low at 1.6022 in Asia and climbed to 1.6067 in European morning, renewed cross selling of sterling versus euro and yen pressured the pair below 1.6022 to 1.5990 and then marginal lower to 1.5986 in New York morning before staging a recovery to 1.6027 later in the day.

In other news, BoJ governor Kuroda said 'BoJ will maintain aim of QE for as long as needed to stably achieve 2% inflation'; 'hope to offset upward pressure on JGB yields from Japan's economic improvement; Japan's domestic demand likely to remain strong, economy steadily heading toward meeting BoJ price goal.' Italy Economic Minister Saccomanni said 'lower yields depend on political stability, continued reforms; important slight overshoot in 2013 deficit is corrected quickly; risks to growth recovery are fiscal slippage, lack of reforms, high yields, political instability.'

On the data front, U.K. PSNB and PSNCR came in at 11.5B and -3.0B, versus the forecast of 11.09B and 5.2B respectively. Eurozone consumer confidence came in at -14.9, weaker than the forecast of -14.5.

Data to be released next week :

China HSBC manufacturing PMI, France service PMI, manufacturing PMI, Germany Service PMI, manufacturing PMI, EU service PMI, manufacturing PMI, U.S. Chicago Fed index, Markit PMI on Monday. Japan's financial markets will be closed due to public holiday.

U.K. BBA mortgage approvals, Germany IFO business climate, current assessment, Canada retail sales, U.S. retail sales, house price index, S&P house price index, consumer confidence on Tuesday.

New Zealand trade balance, exports import, Japan machine tool orders, Swiss consumption indicator, France business climate, Italy consumer confidence, U.K. CBI distributive trades, U.S. durable goods, new home sales on Wednesday.

France consumer confidence, U.K. current account, GDP, U.S. GDP, PCE core, jobless claims, personal consumption, pending home sales on Thursday.

Japan CPI, U.K. consumer confidence, business barometer, France GDP, Swiss leading indicator, EU business climate, economic sentiment, consumer confidence, Germany CPI, HICP, U.S. personal income, personal spending, PCE , University of Michigan consumer confidence on Friday.