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Forex Forum Archive for 01/09/2014

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Syd sf 23:49 GMT January 9, 2014
Voting
Reply   
The unemployment benefit extension plan never got through the senate .. I'm sure it's not completely dead but not looking the best from the comments.

dc CB 22:08 GMT January 9, 2014
Dovish ECB, BOE policy steady. U.S. Employment Friday

We begin earnings season...actually yesterday. And since Blackstone settled only yesterday with the NY AG, they still know who's got the good pops and who's the best to short for this round of ...."Beat/Dissapointed" anal-ists expectations. Time for single stock slaughter/moonshot.
GAAP v Non-GAAP wtf :)

As for the NFP...as per usual those that know have already program the computers to swing wide headfake takeoutstops youcannever be asfastas us...it will all be over in 10 seconds and no you'll not be able to catch the more.

ZH presented the New What's In

Out: the Bernanke PUT
In: the Yellen Collar...(bark bark)

Goodbye Greenspan/Bernanke Put, Welcome Bernanke/Yellen Collar

GVI Forex john 22:06 GMT January 9, 2014
Calendar -- Daily Forex Data
Reply   


January 9, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, January 10. Updated: Trading Events Calendar

HIGH IMPACT RELEASES: GB- Ind/Mfg Output, CA- Employment. US- Employment

  • Far East: JP- Leading Indicators.
  • Europe: GB- Ind/Mfg Output.
  • North America: CA- Employment. US- Employment, Wholesale Inventories, COT Report.


Livingston nh 21:02 GMT January 9, 2014
Dovish ECB, BOE policy steady. U.S. Employment Friday

at the close stox and bonds are not concerned about a strong NFP report - so we shall see

GVI Forex john 20:44 GMT January 9, 2014
Chart Points - Free FX Database
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.

GVI Forex john 20:41 GMT January 9, 2014
Dovish ECB, BOE policy steady. U.S. Employment Friday
Reply   

Spot
20d avg
10-yr
Equities
 EURUSD 1.3593
 1.3687
 U.S. 2.99% -1bp
  North America: Lower
 EURJPY 142.44
 142.81
 Bund 1.91% +2bp
 DAX: Lower
 GBPUSD 1.6473
 1.6403
 GILT 2.99% +1bp
 FTSE: Lower
 USDJPY  104.78
 104.35
  JGB 0.70% -1.bp  Far East Close: Lower

HIGH IMPACT ITEMS: GB- Ind/Mfg Output, CA/US- Employment

  • As expected, the BOE kept policy steady Thursday.It released  no policy statement. The ECB made no policy changes today. The tone of the post-meeting press conference with President Draghi was more dovish than many had expected.

  •  The December ADP private jobs report reflected a +238K  increase in private jobs. That report has shaped market expectations for Non-Farm Payrolls on Friday. Keep in mind, you never know about the reliability of the ADP numbers. Major forecasters broadly have been increasing their  estimates for this release. See the FOREX FORUM  for latest key data and charts as they are released.

  • The minutes from the December Fed policy meeting contained no major surprises. Most members supported a QE reduction, as most are more confident on jobs outlook. This makes the Friday jobs report a major event.

  • With Janet Yellen approved, to be the next head of the central bank as of February 1,  better NFP data on Friday would reinforce the Bernanke asset purchases tapering decision made in December. See the FOREX FORUM  for latest key data and charts as they are released.

  • Monthly Canadian and U,S..jobs data are set for Friday..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 john 20:27 GMT January 9, 2014
Chart Points -- Trading Points
Reply   
Pre-Closing Trading Points...
many more chart points
About Moving Averages
About Bollinger Bands


GVI Forex Blog 20:21 GMT January 9, 2014 Reply   
HIGH IMPACT ITEMS: GB- Ind/Mfg Output, CA/US- Employment As expected, the BOE kept policy steady Thursday.It released no policy statement. The ECB made no policy changes today. The tone of the post-meeting press conference with President Draghi was more dovish than many had expected.

Dovish ECB, BOE policy steady. U.S. Employment Friday

GVI Forex 19:58 GMT January 9, 2014
AUD and NZD
Reply   
The ECB left its policy rate unchanged but struck a more dovish tone than previously. The main market action overnight was thus a sharp fall in EUR/USD

NZ Morning Thoughts - FX & IR

Livingston nh 19:49 GMT January 9, 2014
Crazy...more historic than GOOG pop the last time....ding ding

There's a product here - probably get bought out - Pharma w/ breakthrough products can charge anything it wants and gov subsidizes most of it // non discretionary, unlike Google or apple

KL KL 19:43 GMT January 9, 2014
Crazy...more historic than GOOG pop the last time....ding ding
Reply   
2nd Bell warning for Coming Crash......LOL

Have a look at ICPT - Intercept Pharmaceuticals.....

if Goog pop was unbelieveable this ICPT surpass it 2 times

Goog was 885 pop to 1015

This ICPT was 72 pop to 305...... what else can be said....but open your mouth with Awe......Nothing will surpass this....move in normal trading....not even Gold.......

This are all signs of Irrational OVER Exuberance and the coming Crash should surpass 1929.....imvho...DYOR....DFM and LOL!!! gl gt all

USA ZEUS 19:13 GMT January 9, 2014
WTI, ULSD Hedges

Added A LOT at 2.907 for ULSD and 91.27 for WTI

USA ZEUS 19:07 GMT January 9, 2014
WTI, ULSD Hedges
Reply   
Buying all contracts off the bottom for CL and ULSD as opportunistic hedges. HO at 2.9102 CL at 91.34

Mtl JP 19:07 GMT January 9, 2014
Fixed Income Snapshot

FED's George - non-voting hawk - apparently is not concerned with low inflation:
- "inflation measures remain low" and
- "the Committee decided in December to slow the pace of purchases from $85 billion per month to $75 billion—a decision I supported. Although this is a modest step" - speech

Mtl JP 18:58 GMT January 9, 2014
Fixed Income Snapshot

so using future tense: let the yield curve steepen ! (on improving US economy and labor market)

Livingston nh 18:51 GMT January 9, 2014
Fixed Income Snapshot

And a what a wonderful ride it was

Mtl JP 18:41 GMT January 9, 2014
Fixed Income Snapshot

sorry 4 the gremlin

http://finance.yahoo.com/q/bc?s=^TYX&t=my&l=on&z=l&q=l&c=

Livingston nh 18:26 GMT January 9, 2014
Fixed Income Snapshot

There seems an awful lot of complacency ahead of the TAPER, new Fed Head and NFP -- see if the bond jockeys can hold the reins into the close

Deflation fears may look like Maginot Line guns by mid year -- Taper isn't tightening but rate hikes are -- lemmings are driven by forward guidance

Mtl JP 18:25 GMT January 9, 2014
Fixed Income Snapshot

us treasury enthusiasts ... didn't suffer enough pain yet over 2013

GVI Forex 18:11 GMT January 9, 2014
Fixed Income Snapshot

30-yr 3.899%

bid-to-cover 2.57 vs. 2.35

strong auction

GVI Forex Blog 17:12 GMT January 9, 2014 Reply   
January 9, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, January 10. Updated: Trading Events Calendar HIGH IMPACT RELEASES: GB- Ind/Mfg Output, CA- Employment. US- Employment

GVI Forex Data Outlook for January 10, 2013

GVI Forex john 17:11 GMT January 9, 2014
Calendar -- Daily Forex Data
Reply   


January 9, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, January 10. Updated: Trading Events Calendar

HIGH IMPACT RELEASES: GB- Ind/Mfg Output, CA- Employment. US- Employment

  • Far East: JP- Leading Indicators.
  • Europe: GB- Ind/Mfg Output.
  • North America: CA- Employment. US- Employment, Wholesale Inventories, COT Report.


Mtl JP 17:03 GMT January 9, 2014
Fixed Income Snapshot

all the "print for prosperity" CB peddlers talk about a common theme of (price) deflation. None that I have seen talk about risk of inflation , let alone hyper-inflation (hyper: 30% or more price inflation)

I am reassured that allegedly Fed Eyes Bubble Risks, Minutes Show - Hilsenrath and McGrane

USA ZEUS 17:01 GMT January 9, 2014
EUR/USD

ottawa ottawa 14:43 GMT 01/09/2014
Depends of course on how you define going long. EUR/USD is going higher but it will return to your level and lower...much lower.

Cheers!

ff 16:55 GMT January 9, 2014
EUR/USD

sssgsggsg

GVI Forex john 16:34 GMT January 9, 2014
Fixed Income Snapshot

Late in European trade, prices in open prime fixed income markets are mixed after a clearly dovish press conference by ECB President Draghi. HOwever no rate cuts are imminent. European and U.S. equities are weaker. The peripheral European bond prices are higher.


Syd sf 16:12 GMT January 9, 2014
Comment
Reply   
Going through the Eur Comments :

Basically the market got what it was looking for from the ECB

* in relation to inflation/deflation
* future prospects of further action

but apparently there is considerable demand relating to purchases of recent eur bonds issuances that need to be settled... so it has resulted in us being stuck today.

NFP vs Stock Markets it would seem for tomorrow.

dc CB 16:12 GMT January 9, 2014
Beware of Rigged Markets

BlackRock, the world’s largest asset management company, has agreed to end its practice of surveying Wall Street analysts to glean clues about their views on companies before those opinions are publicly issued.

The decision was reached late Wednesday as part of a settlement with Eric T. Schneiderman, the New York attorney general. The settlement document filed in the case contended that BlackRock’s surveys “allowed it to obtain information from analysts that could reveal forthcoming revisions to their published views” on companies they followed. The firm will also pay $400,000 to cover costs of the investigation.

BlackRock Agrees to Stop Pursuing Nonpublic Views By GRETCHEN MORGENSON

ed kw 15:58 GMT January 9, 2014
Beware of Rigged Markets

eur short in feb, 4 year pattern

ed kw 15:55 GMT January 9, 2014
Beware of Rigged Markets

yen pattern is a repeat of last year this month and mar

Mtl JP 15:48 GMT January 9, 2014
Beware of Rigged Markets

with doctor yellen in the chair I keep asking myself:
Does she herald improvement in morals ?
coz if not , the beatings will have to continue

Paris ib 15:42 GMT January 9, 2014
Beware of Rigged Markets

JP.... USD/JPY though is key. Saw an article on MarketWatch (which I glanced at and now can't find). All markets are going to be driven by the break out in USD/JPY. Given how the market is set up at the moment... go for the downside.

Mtl JP 15:38 GMT January 9, 2014
Beware of Rigged Markets

nh dlryen puppy , technically speaking, is a mixed bag atm so probably better odds elsewhere
-
for your daily chuckle:
..."I believe additional monetary easing measures should be taken without hesitation so as not to jeopardize the BOJ's credibility,"... BoJ's Shirai via MNI

Livingston nh 15:29 GMT January 9, 2014
Beware of Rigged Markets

JP - USD/JPY has been in a very narrow range past two days - unlikely to last (104.50 downside on the daily) - maybe hedge a breakout to either side into NFP

Mtl JP 15:02 GMT January 9, 2014
Beware of Rigged Markets

Paris ib -- how about a trade suggestion, preferably profitable one ?
-
side note: keep an eye on official foreign enthusiasm (or lack thereof) for holding US Treasuries.

Paris ib 14:47 GMT January 9, 2014
Beware of Rigged Markets

"which causes" !! The woman is a moron and a menace.

ottawa ottawa 14:43 GMT January 9, 2014
EUR/USD

I calculate that we may visit 1.3532 before going long..My expects.

ottawa ottawa 14:41 GMT January 9, 2014
buy gbpusd

was only joking @@@

What time frame u expect 1.70 for gbp...???

I have many hurdles on my screen on the road to 1.70.

tkx

ottawa ottawa 14:39 GMT January 9, 2014
buy gbpusd

crazy whatever !!!!!

dc CB 14:39 GMT January 9, 2014
Beware of Rigged Markets



"You know, a lot of people say this [asset buying] is just helping rich people. But it’s not true. Our policy is aimed at holding down long-term interest rates, which supports the recovery by encouraging spending. And part of the [economic stimulus] comes through higher house and stock prices, which causes people with homes and stocks to spend more, which causes jobs to be created throughout the economy and income to go up throughout the economy."

Janet Yellen

bali sja 14:36 GMT January 9, 2014
buy gbpusd
Reply   
expecting 1.70 to be hit next! call me crazy whatever

USA ZEUS 13:56 GMT January 9, 2014
EUR/USD

Hasselt Ed 13:12 GMT 01/09/2014

Ed- Not sure. Sorry. I look at P/L and not W/L
Some people claim 98% wins then go broke on the 2% losers (Losers average Losers). Some guys are right maybe 20-25% and claim to own the control tower after trends siphon the 98%ers into the vacuum.
GLGT!

USA ZEUS 13:51 GMT January 9, 2014
EUR/USD

Loaded long again at 1.3555

GVI Forex john 13:42 GMT January 9, 2014
U.S. Weekly Jobless Claims



U.S. Weekly jobless claims on a volatile path.

GVI Forex john 13:31 GMT January 9, 2014
U.S. Weekly Jobless Claims
Reply   




ALERT
U.S. Weekly Jobless
Initial Claims (000)
330K vs. 330K exp. vs. 339K (r 345 K) prev.
Continued Claims (mln)
2.865 vs. n/a exp. vs. 2.833 (r 2.815) prev.



TTN: Live News Special Offer


Direct links to primary data sources

London Misha 13:16 GMT January 9, 2014
Observations
Reply   
EURUSD - 1st close below 50% Fib at 1.3594 on Daily Chart.
USDJPY - 2nd White Soldier as nears key 105.58 Fib resistance again on Daily Chart!
GBPUSD - Bullish Engulfing Pattern after a couple of indecisive Dojis on Daily Chart.
USDCHF - Follow on to Bullish Engulfing pattern on Daily Chart. Breaches but does not close over H+S Neckline!
EURGBP - Long Black Marubozo follows indecisive Doji on Daily Chart. 1st close back below key 50% Fib at 0.8280.
AUDUSD - Follow on to Opening Black Marubozo & Bearish Engulfing Pattern on Daily Chart.
USDZAR - Bullish Engulfing Pattern after no follow through on Bearish Engulfing Pattern. New decade highs on Daily Chart.
USDBRL - Bullish Engulfing Pattern after Bullish Hammer on Daily Chart.



GVI Forex john 13:14 GMT January 9, 2014
ECB Policy Decision

13:30 GMT

Webcast of Press Conference

Hasselt Ed 13:12 GMT January 9, 2014
EUR/USD

Zeus, may i ask what your win to loss rate is? You know what they say about technicians like us so i'm just curious. I'll sacrifice a goat if you want.

Mtl JP 13:05 GMT January 9, 2014
Beware of Rigged Markets

so it would seem that if "the vast majority of the respondents feel the same as we do" = the new normal; and the party goes on ?

GVI Forex Jay Meisler 12:59 GMT January 9, 2014
Beware of Rigged Markets
Reply   
John wrote this article and is an interesting read during this lull. You need to be aware of how we are the last to see the news.

Beware of Rigged Markets (Update)

USA ZEUS 12:52 GMT January 9, 2014
EUR/USD

1.3813 core.

It's about making money, not being right. So I swing and scalp and have core trades etc. Many (most) not posted. Just happy to share a few of the good bad and ugly when time permits like anyone else.
Cheers!

prague mark 12:48 GMT January 9, 2014
EUR/USD

USA ZEUS 12:46 GMT 01/09/2014

///

got it :) so the core average is what - 1.38?

USA ZEUS 12:46 GMT January 9, 2014
EUR/USD

Mark- This is the swing trade not the core trade.
Cheers!

GVI Forex john 12:46 GMT January 9, 2014
ECB Policy Decision





ALERT

European Central Bank (ECB)
Refi Rate unchanged to at 0.50%
Marginal Lending Rate unchanged at 0.75%
Deposit Rate steady at 0.00%

TTN: Live News Special Offer


Direct links to primary data sources

prague mark 12:45 GMT January 9, 2014
EUR/USD

USA ZEUS 12:43 GMT 01/09/2014

////////

so no more 1.3 from 1.38? or you plan to load SUPER HEAVY SHORTS from 1.37? TIA

USA ZEUS 12:43 GMT January 9, 2014
EUR/USD

EUR/USD 1.3613 then 1.3635 to confirm the charge to 1.37 and beyond...Blastoff!

UK smt 12:41 GMT January 9, 2014
EUR/USD

Not Today Zeus:)

USA ZEUS 12:40 GMT January 9, 2014
EUR/USD
Reply   
EUR/USD looks to be targeting 1.37+ today. Cheers!

GVI Forex Jay Meisler 12:34 GMT January 9, 2014
Thursday's Trading Outlook
Reply   
Thanks for the feedback so I am offering access to my daily market videos again by sending me an EMAIL

Today's video update:



Daily Video Market Update

Waiting for the BOE and ECB. What Draghi should say.

GVI Forex john 12:33 GMT January 9, 2014
ECB Policy Decision
Reply   

HEADS-UP: Data (forum top)
EURUSD= 1.3605
GBPUSD= 1.6455
USDJPY= 104.95
USDCAD= 1.0857

US 10-yr= 2.99%
DE 10-yr= 1.91%
UK 10-yr= 2.99%
(Manually refresh forum to update Calendar)

Direct links to primary data sources

GVI Forex john 12:00 GMT January 9, 2014
Bank of England Policy Decision
Reply   



-- ALERT --

Bank of England
Policy Unchanged (repo rate 0.50%)
Asset Purchases unch @ GBP 375 bln v. GBP 375 bn


TTN: Live News Special Offer


Direct links to primary data sources

GVI Forex john 11:53 GMT January 9, 2014
Bank of England Policy Decision
Reply   

HEADS-UP: Data (forum top)
EURUSD= 1.3605
GBPUSD= 1.6455
USDJPY= 104.95
USDCAD= 1.0845

US 10-yr= 2.99%
DE 10-yr= 1.91%
UK 10-yr= 2.99%
(Manually refresh forum to update Calendar)

Direct links to primary data sources

GVI Forex Jay Meisler 11:12 GMT January 9, 2014
2014 Forex and Global Markets Survey

jay meisler

2014 Forex and Global Markets Survey



For those who have not participated in our survey we would appreciate if you could do so now - and you get a bonus for doing so

Click on the following link to take part in our survey.

2014 Forex and Global Markets Survey

Bonus: Once you complete this short survey, send me an EMAIL to get my must read report:

How to Avoid the Forex Death Spiral



Your participation will be kept strictly confidential. Please contact me with any questions or comments.

GVI Forex 11:11 GMT January 9, 2014
Global Markets News
Reply   
FX markets were awaiting the decision from the BOE and ECB. Overall analysts expected no changes to either central bank policies. Any surprise from the BOE could come in the form of a statement.

TradeTheNews.com EU Market Update: Peripheral States and emerging Europe take advantage of declining yields to issue debt with demand to match appetite

kl fs 11:03 GMT January 9, 2014
EURJPY14300 wfakhoury DL

shawn, i think i am going to give it a try as well if 142.70 seen

Syd sf 10:16 GMT January 9, 2014
Update
Reply   
Yes -- all the stocks I look at - all rose

US +58 Germany +45 Nikkei +80

basically the discussions are going along the lines of some rate movement from ECB to some sort of potential of QE ... and the German Futures moved from -20/-35 --> +50/+60

really this guys press conference today is pretty imp.

GVI Forex john 10:12 GMT January 9, 2014
Chinese CPI
Reply   






Earlier
December 2013 China CPI
CPI: +2.50% yy vs. +3.00% exp. vs. +3.00% prev.


TTN: Live News Special Offer


Direct links to primary data sources

kl shawn 10:06 GMT January 9, 2014
EURJPY14300 wfakhoury DL

dont worry, all good, stops 142.47 will do

GVI Forex john 10:01 GMT January 9, 2014
Eurozone Consumer Confidemce
Reply   




ALERT
December 2013 final EZ Consumer Confidence
-13.6 vs. -13.6 vs. -13.6 prev.


TTN: Live News Special Offer


Direct links to primary data sources

GVI Forex Blog 09:59 GMT January 9, 2014 Reply   
HIGH IMPACT ITEMS: BOE, ECB, US- Weekly Jobs, Philly Fed,, 30-yr

The immediate focus today will be on the BOE and ECB policy decisions today. Dealers wonder if the BOE will lower its unemployment threshold and if the ECB will take actions to combat deflation.

ECB and BOE the major focus today. U.S. Weekly Jobless due

GVI Forex john 09:47 GMT January 9, 2014
Fixed Income Snapshot
Reply   
Early in European trading hours, prices in prime fixed income markets are mostly weaker. Traders are awaiting the BOE and ECB decisions today U.S. Weekly Jobles are due later. They are another part of the jobs picture. The peripheral European bond prices are higher. European Equity markets are higher.

Amman wfakhoury 09:43 GMT January 9, 2014
EURJPY14300 wfakhoury DL

Yes..it may decline to 142.60-50 if this 1 hr bar closed below 143.00.
If closed above 143.00 then any decline below 143.00 will reach it again.
any close above 143.00 means 143.38 will be reached

NY Bob 09:39 GMT January 9, 2014
EURJPY14300 wfakhoury DL

wfakhoury: So it may fall again to 142.5?

Amman wfakhoury 09:34 GMT January 9, 2014
EURJPY14300 wfakhoury DL

kl shawn 09:26 GMT 01/09/2014
-----------------
I said 143.00 will be touched again yesterday ..and that
may be not good for today.

GVI Forex john 09:31 GMT January 9, 2014
U.K. Trade
Reply   




-- ALERT --

November 2013 U.K. Trade GBP (bn)
Total Trade: -9.480 vs. -9.500 exp. vs. -9.73 prev.
non-EU: -3.00 vs. -3.50 exp. vs. -3.25 (r -3.1) prev.


TTN: Live News Special Offer


Direct links to primary data sources

kl shawn 09:26 GMT January 9, 2014
EURJPY14300 wfakhoury DL

i think wfak is right, buy eurjpy below 143, stop 142.47 will do, upside looks better

Amman wfakhoury 09:20 GMT January 9, 2014
EURJPY14300 wfakhoury DL
Reply   
Amman wfakhoury 07:44 GMT 01/08/2014
143.00 wfakhoury Directional Level above it 143.50 will be reached with poss to reach 143.90.
any decline below 143.00 will return to 143.00 again
------------------------------
I said that ..any decline below 143.00 will return to it

bali sja 09:10 GMT January 9, 2014
buy jpy pairs
Reply   
lovely, looks like they are all going up!

Paris ib 09:04 GMT January 9, 2014
ADP Private Payrolls

Interesting points nh. I note that a modest increase in yields at auction is unlikely to massively increase the deficit. I know that FED buying is taking up circa a third of this years deficit (though I figured on slightly more than that) but that does not cover expiring paper. I still believe that an auction schedule of something like USD 330 billion per month will be hard for the market to absorb. I saw what happened in December when a similar auction schedule took place and yields jumped across the curve, including at the shorter end. With 4 trillion to auction in 2014 the FED would have to be incredibly dumb (possible?) not to try to issue out past the three year area for the bulk of the paper. Otherwise they will have this horrendous auction schedule to deal with forever, as short dated paper expires and needs to be rolled continuously. I note how quiet the FED (and everyone else) is on this year's auction schedule. I think it is a big problem and should foreign investors decide to take cash from expiring paper (even in part) then all bets are off. The idea that repatriation is not possible or likely sounds just a bit too much like wishful thinking. TIC data shows that the U.S. is no longer seeing massive capital inflows and money has started to exit. That's the trend. And that's the risk.

Hong Kong AceTrader 07:29 GMT January 9, 2014
AceTrader Jan 9: Daily Outlook on Crosses - GBP/JPY
Reply   
DAILY GBP/JPY CROSS OUTLOOK - 172.65
09 Jan 2014 07:17GMT

Wed's strg rebound suggests fall fm last Thur's
5-year peak at 174.85 has made a low at 170.42 on
Mon n abv 172.84 may bring stronger gain to 173.50.

Below 171.83 wud signal recovery fm 170.42 has
made a top n may bring fall to 171.06 n 170.84.


STRATEGY : Stand aside

RES : 172.84/173.16/173.50

SUP : 171.83/171.06/170.84

GVI Forex Blog 07:28 GMT January 9, 2014 Reply   
US retailers BBBY and ZUMZ down sharply in extended session after lowering guidance. - China inflation slows drastically - CPI fall 0.5pts to a 7-month lows. Food component of the CPI falls nearly 2p

TradeTheNews.com Asian Market Update: China inflation slows while Australia retail sales surprise higher; BOK on hold as expected - Source TradeTheNews.com

GVI Forex Blog 03:52 GMT January 9, 2014 Reply   
Dow (16462.74, -0.41%) remains in a shallow sideways corrective mode between 16400 and

Morning Briefing : 09-Jan-2014 -0345 GMT

Syd sf 02:09 GMT January 9, 2014
Asia
Reply   
Jay will do - just started back into it yesterday.

Nikkei moved from -265 to -210 .. euryen up small

Qantas downgraded to junk - so probably some people need to get out of that stock + sell some aud as well I suppose.

GVI Forex 01:58 GMT January 9, 2014
China
Reply   
CHINA DEC CPI +0.3% M/M VS -0.1% M/M NOV: NBS CHINA DEC PPI 0.0% M/M VS +0.0% M/M NOV: NBS

Hong Kong AceTrader 01:54 GMT January 9, 2014
AceTrader Jan 9: U.S. dollar rises versus euro after Fed minutes
Reply   
Market Review - 08/01/2014 21:32GMT

U.S. dollar rises versus euro after Fed minutes

The greenback rose against the single currency on Wednesday after the release of minutes of the Federal Reserve's December meeting, which showed the U.S. central bank was on track to wind down its bond purchases at a steady pace.

The Fed minutes laid out the central bank's rationale for cutting purchases of Treasuries and mortgage-backed securities to $75 billion a month from $85 billion starting this month. The minutes showed showed many members of the policy-setting Federal Open Market Committee wanted to proceed with caution in trimming the asset purchases, and most wanted to stress that further reductions were not on a preset course.

Some of the 10 voting policymakers "expressed concern about the potential for an unintended tightening of financial conditions if a reduction in the pace of asset purchases was misinterpreted as signaling that the committee was likely to withdraw policy accommodation more quickly than had been anticipated."

During the day, the single currency retreated against the dollar after meeting renewed selling at 1.3635 in Asia in part due to cross-selling vs yen and sterling and dropped to 1.3581 in European morning despite the release of upbeat euro zone retail sales in November. Later, the pair fell further to 1.3568 in New York morning after release of better-than-expected U.S. ADP employment change in December but lack of follow through selling prompted short-covering and price rebounded to 1.3618 before falling to a fresh 1-month low at 1.3554 near New York close.

ADP non-farm payrolls rose by 238,000 in December, exceeded expectations for an increase of 200,000. November's figure was revised up to a gain of 229,000 from a previously reported increase of 215,000.

Versus the Japanese yen, although dollar rose in Asia due to the rally in Nikkei 225 index and extended gain from Australian low at 104.60 to 105.13 in European morning, falling Nikkei futures in Europe pressured price to 104.67. Dollar later staged a brief rebound to 105.01 in early New York morning after upbeat U.S. ADP employment change and rose marginally higher to 105.05 after the release of FOMC minutes before retreating.

Cable edged higher after meeting cross-related buying interest at 1.6377 in Asia and price later rose to 1.6434 ahead of New York open, despite a brief selloff to 1.6400 after U.S. ADP employment change, active selling in eur/gbp cross continued to support the cable and price later rose to 1.6472 in New York morning before easing.

On the data front, eurozone unemployment rate in the region came in unchanged at 12.1% in November. A separate report showed euro zone retail sales rose 1.4% in November, the biggest rise since November 2001, recovering from a 0.4% fall in October.

Thursday will see the release of Australia retail sales, building approvals, France trade balance, U.K. trade balance, industrial production, BOE rate decision, EU business climate, economic sentiment, consumer confidence, ECB rate decision, Canada housing starts, building permit, new housing price index and U.S. jobless claims data.

Syd sf 00:28 GMT January 9, 2014
Reports
Reply   
Just reading some of the commentaries :

the numbers crunched (shipments in/out, prices etc) to the best of their ability to forecast China Numbers - expected to be poor

but the inflation number may end up being supportive

so seems the markets reaction is to sell aud initially on the thought process of poor numbers. (buy back later)

The ECB stuff - they are saying if the ECB mentions deflationary pressures then the eur will get sold very aggressively.

Make or Break Day for some of these things.

Jerusalem KB 00:06 GMT January 9, 2014
Pipshunter

Buy USDCHF
Entry: 0.9080 Target: 0.9165-0.9215 Stop: 0.9010

BUY LIMIT

Jerusalem KB 00:04 GMT January 9, 2014
Pipshunter

Buy USDJPY
Entry: 105.6 Target: 108.20-110 Stop: 104.40

Pipshunter
Jerusalem KB 21:06 GMT 01/08/2014 - My Profile
Buy USDJPY
Entry: 95.60 Target: 108.20-110 Stop: 104.40

This order will be at place how long it will takes.
BUY STOP
==
ENTRY 105.60

 




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