User Name: Password:      Register - Lost password?

2003  2004  2005  2006  2007  2008  2009  2010  2011  2012  2013  2014  2015  2016  2017  2018  2019  2020  2021  2022  
January  February  March  April  May  June  July  August  September  October  November  December  
01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

Forex Forum Archive for 09/24/2013

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


Mtl JP 23:41 GMT September 24, 2013
Global Markets News

CB 21:53 that would make a mockery of the milliseconds argument as immaterial bs then

GVI Forex john -- Inner Circle 22:27 GMT September 24, 2013
Calendar
Reply   


September 24 (global-view.com) UPCOMING DATA HIGHLIGHTS for Thusday, September 25. Updated: Trading Events Calendar

HIGH IMPACT RELEASES: US- Durable Goods, New Homes Sales

  • Far East: No Major Data.
  • Europe: GB- CBI Distributive Trades.
  • North America: US- Durable Goods, New Homes Sales, Weekly Crude, 5-yr Auction.


dc CB 21:53 GMT September 24, 2013
Global Markets News

a ZeroHedge Reader wrote:



I knew of the Fed decision and growth forecasts around 5-6 minutes before 2 pm last Wednesday, even though I was not there. I work at a news organization represented at the Fed statement “lockup” and the Bernanke press conference last week. This was in no way secure the way the Labor and Commerce Department lockups are. Those in the Fed statement lockup were able to communicate by text message and email after they received the statements and before 2 pm. Those in the room awaiting the press conference also were able to communicate electronically after the received the statement, several minutes before 2 pm. Everything was honor-based, but anyone in their respective newsrooms could have gotten the information early from them and passed it on. Given the large number of reporters involved, there are many ways the decision could have gotten into the market several minutes before the announcement. I am truly surprised it was only seen in gold trade. The fact is, though, the Fed made it possible for many people to leak it.

From The Tip Box: "The Fed Made It Possible For Many People To Leak It"

GVI Forex john -- Inner Circle 21:11 GMT September 24, 2013
Conference Board Sentiment Survey weaker. IFO mixed
Reply   

  • HIGH IMPACT ITEMS: US- Durable Goods, New Homes Sales

  • The  U.S. Conference Board Consumer Sentiment Survey fell through the 80 line in line with recent softness in the University  of Michigan Survey.

  • The German IFO sentiment Survey fell short of street expectations but the headline reading was still up month on month. will be released. The EURUSD dipped on the data. See the  FOREX FORUM  for latest key data and charts as they are released.

  • 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.
20d avg
10-yr
Equities
EURUSD 1.3317
JGB 0.67% -3bp
Asia Close Lower
USDJPY 99.13
Bund 1.85% -7bp
Europe  Mixed
EURJPY 132.01
U.S. 2.65% -7 bp
North America: Mixed

GVI Forex Blog 21:10 GMT September 24, 2013 Reply   
HIGH IMPACT ITEMS: US- Durable Goods, New Homes Sales The U.S. Conference Board Consumer Sentiment Survey fell through the 80 line in line with recent softness in the University of Michigan Survey.

Conference Board Sentiment Survey weaker. IFO mixed

GVI Forex john -- Inner Circle 20:42 GMT September 24, 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 20:36 GMT September 24, 2013
United States
Reply   

-- ALERT --
(Estimates and Previous data for EIA Survey)
Crude Oil: -0.054 vs. -1.000 exp vs. -4.400 prev.
Gasoline: +0.341 vs. 0.000 exp vs. +1.600 prev.
Distillates: +0.485 vs. -0.500 exp vs. -1.100 prev.
Cap/Util: 91.0% vs. n/a exp vs. 92.50% prev.


TTN: Live News Special Offer

Mtl JP 20:36 GMT September 24, 2013
Global Markets News

somebody at Moody's has lost their marbles with the "market participants would perceive an increased probability of sovereign default" prognistique

Mtl JP 20:32 GMT September 24, 2013
Global Markets News

Failure to raise US debt limit would be worse than government shutdown moodys

We expect the US will both avoid a shutdown and increase the debt limit; failure at either would have negative economic consequences. A failure to raise the federal debt limit, however, would have greater adverse financial market and economic consequences because market participants would perceive an increased probability of sovereign default. A government shutdown would not affect debt service. .../..
--
No worry in Washington nor by Moody's for that matter about some FED taper

Mtl JP 20:19 GMT September 24, 2013
actually... DJIA and SnP 500 are about to close down

Mtl JP 20:10 GMT September 24, 2013
Global Markets News

is this so... ..."Bernanke has acknowledged that Fed communication is evolving. The chief architect of its strategy is Fed Vice Chairman Janet L. Yellen ? - washingtonpost

GVI Forex Blog 20:03 GMT September 24, 2013 Reply   
Mixed economic data was overshadowed by dovish comments from the Fed and BoE, helping to lift stocks back into positive territory and adding further fuel to the ongoing bond market rally.

NZ Morning Thoughts - FX & IR

dc CB 19:35 GMT September 24, 2013
The Morgan
Reply   
The nation’s largest bank is bracing for a lawsuit from federal prosecutors in California

JPMorgan and the Department of Housing and Urban Development briefly discussed the possibility of striking a wide-ranging settlement to conclude many of the looming mortgage investigations from federal authorities and state attorneys general.

But the housing agency floated a price tag of about $20 billion for the settlement, .....

JPMorgan lawyers, were stunned by the size of the proposed penalty ,..expected to pay a fraction of that sum.

JPMorgan’s Legal Hurdles Expected to Multiply

GVI Forex john -- Inner Circle 19:25 GMT September 24, 2013
Chart Points
Reply   
Preliminary Closing Trading Points...
many more chart points
About Moving Averages
About Bollinger Bands


Refresh Forum Manually to Update Table.


dc CB 19:23 GMT September 24, 2013
Global Markets News

I posted that over the weekend

Nanex ~ 20-Sep-2013 ~ Einstein and The Great Fed Robbery

Mtl JP 19:08 GMT September 24, 2013
Global Markets News

SFH the no-taper to most was

Beckenham SFH 18:57 GMT September 24, 2013
Global Markets News

JP- is that a surprise?

Mtl JP 18:40 GMT September 24, 2013
Global Markets News

making policy clear(er) to some more than to others ?

how about some salt in the wound :
Some traders got 'no taper' decision news earlier - cnbc

..." Some traders in Chicago appear to have had access to the Fed's decision before anyone else in the Windy City. According to trading data reviewed by CNBC, they began buying in Chicago-traded assets just before others in that city could possibly have been aware of the Fed's decision. By one estimate, as much as $600 million in assets changed hands in the milliseconds before most other traders in Chicago could learn of the Fed's September surprise—a sharp contrast to the very low volume of trading ahead of the Fed's decision.

Eric Hunsader, founder of the market analysis firm Nanex, first spotted the unusual trading pattern and alerted CNBC to it. "...

jerusalem kb 18:16 GMT September 24, 2013
Pipshunter

JERUSALEM kb 15:20:35 GMT - 09/24/2013

Sell Gold
Entry: 1315 Target: Stop: 1321
sold
===
hit sl -60

Saar KaL 17:35 GMT September 24, 2013
KaL's Trend and Level

cable could crash so fast

Saar KaL 17:25 GMT September 24, 2013
KaL's Trend and Level

gold longs and silver is ok BTW
and only a correction
still they are are sells in a few months IMO

Saar KaL 17:22 GMT September 24, 2013
KaL's Trend and Level

even usdcad shorts
and eurgbp shorts
I am closing what I can
will wait

Saar KaL 17:18 GMT September 24, 2013
KaL's Trend and Level

Guys
From now on I will only Long
something IntraMonth
If Fundamentals are ok
For example
cable now over bough and overall average for 2 months
should be around 1.58
for the year 1.45
so even though the residual seems a promise of 1.66
I am bailing out from longs
I wont short it either
i will wait and watch until the trend changes

GVI Forex 16:07 GMT September 24, 2013
Global Markets News
Reply   
US trading has been somewhat choppy this morning after the September consumer confidence index fell to its lowest level in four months, overshadowed by the budget battles and possible government shutdown

TradeTheNews.com US Market Update: Political Games in Washington Undermine Consumer Confidence

GVI Forex john -- Inner Circle 15:50 GMT September 24, 2013
Fixed Income

Prices in prime fixed income markets are higher late in Europe. Peripherals prices mostly up.



GVI Forex Blog 15:37 GMT September 24, 2013 Reply   
September 24 (global-view.com) UPCOMING DATA HIGHLIGHTS for Thusday, September 25. Updated: Trading Events Calendar HIGH IMPACT RELEASES: US- Durable Goods, New Homes Sales

GVI Forex Data Outlook for September 25, 2013

GVI Forex john -- Inner Circle 15:36 GMT September 24, 2013
Calendar
Reply   


September 24 (global-view.com) UPCOMING DATA HIGHLIGHTS for Thusday, September 25. Updated: Trading Events Calendar

HIGH IMPACT RELEASES: US- Durable Goods, New Homes Sales

  • Far East: No Major Data.
  • Europe: GB- CBI Distributive Trades.
  • North America: US- Durable Goods, New Homes Sales, Weekly Crude, 5-yr Auction.


Saar KaL 15:27 GMT September 24, 2013
KaL's Trend and Level

My Gold Longs

1,340.1771 1,300.3606
1,342.4192 1,297.8691
1,345.5580 1,294.3811
1,349.9524 1,289.4978
1,356.1045 1,282.6612
1,364.7175 1,273.0899

Saar KaL 15:22 GMT September 24, 2013
KaL's Trend and Level

Cable
Buying and tgt
1.6133 1.5958
1.6144 1.5948
1.6159 1.5934
1.6181 1.5915
1.6211 1.5888
1.6252 1.5850
1.6311 1.5797

JERUSALEM kb 15:20 GMT September 24, 2013
Pipshunter

Sell Gold
Entry: 1315 Target: Stop: 1321

sold

Tallinn viies 14:49 GMT September 24, 2013
eurusd
Reply   
rmr going round of an italian downgrade


friday evening after the close perfect time as always imho

Saar KaL 14:05 GMT September 24, 2013
KaL's Trend and Level

silver started to long for end of oct
possisble 27

GVI Forex john -- Inner Circle 14:04 GMT September 24, 2013
United States



University of Michigan-Conference Board Sentiment. CB Survey back below 80. Weakness presaged in U of M Survey

GVI Forex john -- Inner Circle 14:00 GMT September 24, 2013
United States

-- ALERT --
SEPTEMBER 2013 U.S. Conference Board Survey
79.7 vs. 80.5 exp. vs. 81.8prev.


TTN: Live News Special Offer


Direct links to primary data sources

GVI Forex john -- Inner Circle 13:59 GMT September 24, 2013
United States

-- ALERT --
SEPTEMBER 2013 Richmond Fed Index

0 vs. 17 exp. vs. 14 prev.


TTN: Live News Special Offer


Direct links to primary data sources

Belgrade TD 13:40 GMT September 24, 2013
Daily TA trade

Belgrade TD 18:24 GMT September 18, 2013
... Sold Sp500 (ES) ~ 1714 ... T/S later ...
///
out 1/4 ~1704 ... reducing risk ... out another 1/4 ~1693 ...
///
out another 1/4 ~ 1694 ... for last 1/4 set stop at 1702 ... also out earlier eur/usd short near BE ...

Saar KaL 13:23 GMT September 24, 2013
KaL's Trend and Level

I am Bullish from 1300 to 1290
I gave out the levels
it will be heading back to 1370ih

to dk 13:18 GMT September 24, 2013
KaL's Trend and Level



euro

Central Kwun 13:06 GMT September 24, 2013
KaL's Trend and Level

KaL, your gold bull call seem impossible, dropped a lot since you are bullish

GVI Forex john -- Inner Circle 13:00 GMT September 24, 2013
United States
Reply   

-- ALERT --
U.S. Case Shiller-20 July 2013 y/y
+12.40% vs. +12.30% exp. vs. +12.1% prev.


TTN: Live News Special Offer


Direct links to primary data sources

GVI Forex john -- Inner Circle 12:37 GMT September 24, 2013
Canada



Canada: Retail Sales Data. Better than expected.

tokyo ginko 12:32 GMT September 24, 2013
Fast money: oil going for 103 break

103 break

GVI Forex john -- Inner Circle 12:30 GMT September 24, 2013
Canada
Reply   

-- ALERT --
Canada: Retail Sales July 2013
Headline:+0.60% vs. +0.50% exp. vs. -0.60% prev.
X-Autos: +1.00% vs. +1.00% exp. vs. -0.80% (R -0.90%) prev.



TTN: Live News Special Offer


Direct links to primary data sources

GVI Forex john -- Inner Circle 12:20 GMT September 24, 2013
Canada
Reply   

HEADS-UP: Data (top of forum)
EURUSD= 1.3465
GBPUSD= 1.5958
USDJPY= 98.65
AUDUSD= 0.9390
USDCAD= 1.0285

US 10-yr= 2.69%
DE 10-yr= 1.88%
GB 10-yr= 2.86%
(Manually refresh forum to update Calendar)

Direct links to primary data sources

Mtl JP 12:12 GMT September 24, 2013
Observations

after dovish speech - basically no tightening for miles and miles ahead - by Miles, next up is Tucker at 12:45

London Misha 11:17 GMT September 24, 2013
Observations
Reply   
EURUSD - After two indecisive Spinning Tops we now have a Key Reversal Down on the Daily Chart.
USDJPY - Follow on with 2nd Black Crow to a Bearish Tweezer Top but halts at 38.2% Fib jun-Jul move at 98.56 on Daily Chart.
GBPUSD - After two days of bearish patterns we have a Bullish Above Stomach Pattern on Daily Chart.
USDCHF - After indecisive Spinning Top, now a Key Reversal Up on Daily Chart & still fails at 2011-to-date Neckline of H+S Top (0.9081).
EURGBP - Despite Key Reversal Up on Weekly Chart we now have a Key Reversal Down on Daily Chart.
AUDUSD - Possible Bullish Piercing Pattern follows 2nd Black crow & Tweezer Top on Daily Chart.
USDINR - Market still tries up to fill the Gap but still either 2nd part of Midway Gap or final Exhaustion Gap on Daily Chart.
USDZAR - Possible Bearish Dark Cloud Cover on Daily Chart. Dead Cross of Short MA down through Short/Medium MA.
USDBRL - Possible Small Bearish Engulfing Pattern as market closes just below both Fibs 2.1978 & 2.2028 on Daily Chart.


GVI Forex 10:46 GMT September 24, 2013
Global Markets News
Reply   
Movement was mostly tempered by EU and US central bank comments and the lack of clarity on US Fed policy with a new unknown chief to be named

TradeTheNews.com EU Market Update: EUR/USD continues to trade near 1.35, amid mixed German IFO data and Fed uncertainty

Saar KaL 09:26 GMT September 24, 2013
KaL's Trend and Level

AUDJPY
Longs
92.5052
92.1685
91.8317

for 96.2 tgt

Saar KaL 09:24 GMT September 24, 2013
KaL's Trend and Level

101 tgt for usdjpy Long
seems ok

Saar KaL 09:22 GMT September 24, 2013
KaL's Trend and Level

eurusd shorts
1.3520 area is a good idea

tokyo ginko 09:18 GMT September 24, 2013
Fast money: oil going for 103 break

bye bye 103

Saar KaL 09:16 GMT September 24, 2013
KaL's Trend and Level

AUDUSD Longs
0.9364
0.9341
0.9317

ed kw 09:14 GMT September 24, 2013
Key German IFO survey mixed. Key U.S. data due

usd/jpy is waiting for a triangle brake out

Kaunas DP 09:14 GMT September 24, 2013
EURUSD 13455

Amman wfakhoury 08:11 GMT September 24, 2013

///

First an attempt to go above 1.3530/40 as long as too many trailing stops of top pickers above 1.3520... IMHO

Saar KaL 09:09 GMT September 24, 2013
KaL's Trend and Level

Maybe some NZDUSD Longs here

GVI Forex john -- Inner Circle 09:08 GMT September 24, 2013
Key German IFO survey mixed. Key U.S. data due
Reply   

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

  • The closely-followed German IFO sentiment Survey fell short of street expectations but the headline reading was still up month on month. will be released. The EURUSD dipped on the data. See the  FOREX FORUM  for latest key data and charts as they are released.

  • The closely-followed  U.S. Conference Board Consumer Sentiment Survey is due later.

  • 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.
20d avg
10-yr
Equities
EURUSD 1.3313
JGB 0.68% -2bp
Asia Close Lower
USDJPY 99.04
Bund 1.90% -2bp
Europe  Mixed
EURJPY 131.86
U.S. 2.69% -3 bp
North America: Mixed

GVI Forex Blog 09:07 GMT September 24, 2013 Reply   
HIGH IMPACT ITEMS: CA- Retail Sales, Conference Board Survey The closely-followed German IFO sentiment Survey fell short of street expectations but the headline reading was still up month on month. will be released. The EURUSD dipped on the data.See the FOREX FORUM for latest key data and charts as they are released.

Key German IFO survey mixed. Key U.S. data due

ottawa ottawa 08:39 GMT September 24, 2013
KaL's Trend and Level

Well, thanks...But you know the correlation between CHF and Euro is high, so I assumed you are long eur because you are bullish CHF, my question was if you had turned bullish USD because of the fundo-technical jumbo from the judges regarding the tapering ???

Anyway, this market is very crazy these days, and long term has become 15 minutes...

thanks again

GVI Forex john -- Inner Circle 08:37 GMT September 24, 2013
Eurozone

post IFO German 10-yr 1.88% (-2bp vs. beforethe data).

Saar KaL 08:28 GMT September 24, 2013
KaL's Trend and Level

Otwa
I do not think that matter Much
against the CHF...yes Bullish
against eurusd...yes
not against GBP

GVI Forex john -- Inner Circle 08:14 GMT September 24, 2013
Eurozone



German September Ifo data mixed.


Amman wfakhoury 08:11 GMT September 24, 2013
EURUSD 13455
Reply   
Amman wfakhoury 20:08 GMT September 23, 2013
EURUSD 13455: Reply
Mark
Any rise above 13500 ..will return again to 13500
-------------------------------
EURUSD returned to 13500 as I said..close below 13500
13455 will be reached

Hong Kong AceTrader 08:06 GMT September 24, 2013
Sept 24 : Daily Market Outlook on Major GBP/USD
Reply   
DAILY GBP/USD OUTLOOK - 1.6029
24 Sep 2013 07:26GMT

Despite sterling's retreat fm 1.6073 to 1.6017 in NY y'day, below said sup needed to signal recovery fm 1.5986 (Fri) has ended n bring resumption of decline fm last Wed's 8-month peak at 1.6163 to 1.5958, 'loss of momentum' wud keep cable abv 1.5920/25.

Sell again on intra-day recovery as only abv 1.6100 indicates pullback is over, risks 1.6142/47.

STRATEGY : Sell at 1.6060

OBJECTIVE : 1.5965

STOP-LOSS : 1.6098

RES : 1.6073/1.6100/1.6163

SUP : 1.6017/1.5986/1.5958

london red 08:05 GMT September 24, 2013
Eurozone

ifo expected weaker but move thru 100 hour ma should bring 13450 into focus which should hold for the day.

GVI Forex john -- Inner Circle 08:02 GMT September 24, 2013
Eurozone

IFO data mixed to weaker than expected. Headline figure up mo/mo. EURUSD dips.

GVI Forex john -- Inner Circle 08:00 GMT September 24, 2013
Eurozone
Reply   

-- ALERT --
DE IFO Survey September 2013
Climate: 107.7 vs. 108.0 exp. vs. 107.5 prev.
Conditions: 111.4 vs. 112.5 exp. vs. 112.0 prev.
Expectations: 104.2 vs. 104.0 exp. vs. 103.3 prev.



TTN: Live News Special Offer



Direct links to primary data sources

GVI Forex john -- Inner Circle 07:55 GMT September 24, 2013
Fixed Income
Reply   
Prices in prime fixed income markets are higher early. Peripherals prices mostly up.



ottawa ottawa 07:18 GMT September 24, 2013
KaL's Trend and Level

so you are turning bullish on USD ??? or just short chf ???
thanks

edmonton kw 07:14 GMT September 24, 2013
buy euro

eur/chf at support will it be defended

prague mark 06:40 GMT September 24, 2013
buy euro

abel, great idea... in case IFO is SUPERBEAT positive...IMHO

jkt abel 06:30 GMT September 24, 2013
buy euro
Reply   
buy 1.35, stop 100 pips for 1.37-1.38

Saar KaL 05:41 GMT September 24, 2013
KaL's Trend and Level

EURGBP
Hit that sell

EURGBP

Saar KaL 05:31 GMT September 24, 2013
KaL's Trend and Level

EURUSD expected
https://www.facebook.com/photo.php?fbid=10151702193341775&l=7c8c4dc91c

Syd 05:13 GMT September 24, 2013
- Source TradeTheNews.com
Reply   
(US) Fed's Fisher (hawk, alternate on FOMC): Argued against the Fed's decision last week not to taper; decision not to taper hurt Fed credibility- Banks remain too big to fail and pose a risk to the US economy and could easily see SIFIs at the center of another future crisis; coddling the largest banks is a lingering problem. - Asset quality is showing slow and steady improvement. banks are showing continued improvement in profitability. - Bank lending is improving, but small business lending remains weak. - Q&A: - The White House has badly mishandled the Fed chairman succession. There should not be a public debate over the next Fed chairman. - Yellen is a good person, would make a great chairman but her policy views are wrong. - Fed should never be a political instrument. - Would like to stop adding to the Fed balance sheet, take "a little booze out of the punchbowl." - Was a very close, tough decision on whether or not to taper. I am not alone in wanting to dial back QE. - Chairman should hold a press conference after every FOMC meeting. - Would favor trimming monthly QE asset purchases by $10B - Reiterates that the taper is data dependent. - Source TradeTheNews.com

GVI Forex Blog 05:11 GMT September 24, 2013 Reply   
Fed's Fisher highly critical of the no-taper decision and Yellen's accommodative bias. - Red Hat down sharply in extended session as billings continue to slow and FY14 Rev guidance is cut. - PBoC ramp

TradeTheNews.com Asian Market Update: Shanghai Comp extends decline on fresh property sector worries; Nikkei225 returns with modest losses - Source TradeTheNews.com

Saar KaL 05:06 GMT September 24, 2013
KaL's Trend and Level

usdchf IMO now Bullish till .935 +
buying today and into the week on dips

Saar KaL 04:58 GMT September 24, 2013
KaL's Trend and Level

EURUSD
Heading lower then 1.325 area IMO

Hong Kong AceTrader 03:41 GMT September 24, 2013
Sept 24 : Daily Market Outlook on Asian Exotics USD/IDR
Reply   
USD/IDR DAILY OUTLOOK - 11485
24 Sep 2013 01:12GMT

Dlr's strg rebound fm 11270 (last Thur) signals
the fall fm 11520 is possibly over n upside bias
is seen for re-test of said lvl, then 11590.

Trade fm long side with stop as indicated, only
below 11350 wud risk stronger retrace. to 11270.

STRATEGY : Long at 11500

POSITION : Long at 11500

OBJECTIVE : 11600

STOP-LOSS : 11450

RES : 11520/11590/11700

SUP : 11350/11270/11200

GVI Forex Blog 03:37 GMT September 24, 2013 Reply   
Stocks fell in the U.S. and Europe amid concern about weakening bank earnings.

Morning Briefing : 24-Sep-2013 -0336 GM

dc CB 03:30 GMT September 24, 2013
eurusd

JP

just in time 6bln leveraged in NYMEX ....whahooooooooo

better than "Zins und Zinsezins"

as they say in America

Spread 'em Baby

Fund Warns US Oil To Surge Above Global Benchmark On Cushing Shortage

Hong Kong AceTrader 01:37 GMT September 24, 2013
Sept 23: Euro weakens on weaker-than-expected manufacturing PMI
Reply   
Market Review - 23/09/2013 22:10GMT

Euro weakens on weaker-than-expected manufacturing PMI

The single currency opened higher and rose to an intra-day high of 1.3555 at New Zealand open after voters in Germany gave Angela Merkel a third term as Chancellor in elections held on Sunday. Price retreated in Asian morning and traded sideways before falling to 1.3508 in European morning after the release of weaker-than-expected Germany and EU manufacturing PMI data. Euro remained under pressure in New York morning and dropped to a session low at 1.3480 before stabilising.

Germany manufacturing PMI (flash) in September came in 51.3, worse than the forecast of 52.2. EU manufacturing PMI (flash) in September came in 51.1, worse than the forecast of 51.8.

Versus the Japanese yen, the greenback remained under pressure in Asia and retreated to 98.86 in European morning on continued expectations that the Fed will not taper its bond purchases anytime soon. Price dropped to an intra-day low at 98.65 after Federal Reserve Bank of New York President William C. Dudley said policy makers must “forcefully” push against economic headwinds.

The British pound traded with a firm undertone in Australia and strengthened to 1.6032 in Asian morning before rising to an intra-day high at 1.6073 due to cross-buying of sterling vs euro (eru/gbp fell from 0.8475 to 0.8404). However, price pared intra-day gains and retreated to 1.6017 in New York morning before stabilising.

In other news, ECB's Draghi said 'expects recovery to continue in current quarter despite weak industrial production in July; underlying price pressures in Euro zone expected to remain subdued; inflation risks are broadly balanced; ECB monetary policy stance will remain accommodative for as long as necessary.'

On the data front, U.S. Markit PMI preliminary (Sep) came in at 52.8, vs the forecast of 54.0. U.S. Chicago Fed index (Aug) came in at 0.14, vs the forecast of -0.05, previous reading is revised to -0.43.

Data to be released on Tuesday :

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

 




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


Global-View Affiliate Program

We are starting an affiliate program to market some of our products.

Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.

Put the word "affiliate" in the email subject line.

Contact us

Start trading with forex broker Markets Cube




pic

Retail Forex Brokerage Changing!

Are you looking for your first broker or do you need of a new one? There are more critical things to consider than you might have thought.

We were trading long before there were online brokers. Global-View has been directly involved with the industry since its infancy. We've seen everything and are up-to-data with recent regulatory changes.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools

 
Terms of Use    Disclaimer    Privacy Policy    Contact    Site Map


Forex Forum
Forex Trading Forum
Forex Forum + forex rates
Forex Forum Archives
Forex Forum RSS
Free Registration

Trading Forums
Currency Forum Guide
Forum Directory
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

Forex Trading Tools
Currency Trading Tools
Forex Database
FX Chart Points
Risk/Carry Trade Chart Points
Economic Calendar
Quicklinks to Economic Data
Currency Futures Swaps
Fibonacci Calculator
Currency Futures Calculator

Forex Education
Forex Learning Center
FX Trading Basics Course
Forex Trading Course
Forex Trading Handbook

Forex Analysis
Forex Forecasts
Interest Rate Forecasts
Central Bank Forecasts

FX Charts and Quotes
Live FX Rates
Live Global Market Quotes
Live Forex Charts
US Dollar Index Chart
Global Chart Gallery
Daily Market Tracker
Forex News
Forex Blog
Forex News
Forex Blog Archives
Forex News RSS
Forex Services
The Amazing Trader
Forex Opportunities
Forex Affiliates
Forex CopyTrading
GVI Forex