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Forex Forum Archive for 01/24/2014

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


nw kw 23:33 GMT January 24, 2014
Eerie HK$

Forex john Asia has one country fighting read last month in the past it spred to all of asia pull back in 80s or 90s/ but china just slowing uneasy construction, rebar has big hit/aud banks have usd cant drop to fast but 2006 chart in play.

GVI Forex john 21:25 GMT January 24, 2014
Fixed Income Snapshot

Very weak end in stocks as some rushed for cover before the weekend.

GVI Forex john 20:56 GMT January 24, 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.

Mtl JP 19:36 GMT January 24, 2014
Week Ahead

with US stocks dumping, hopefully, Nikkei will join the party on Monday and, hopefully, usdyen's weakness will continue and, hopefully, not only test but break thru the 100dma at 100.93

Mtl JP 19:23 GMT January 24, 2014
Calendar -- Daily Forex Data

GVI Forex john 15:58 - re HIGH IMPACT RELEASES - new home sales
-
Here’s what’s wrong with the American economy in one tweet-sized bite:

The typical American worker is twice as productive as in 1979, but his wages haven’t increased one penny after adjusting for inflation.
- marketwatch

Personally I am incensed at policy-making luminaries claiming that a 2% price inflation is a requirement for economic growth. And I am doubly incensed that this pablum is generally accepted on par with god's word. And that those few who raise the subject are treated as flakes.

Livingston nh 19:19 GMT January 24, 2014
EURO
Reply   
Hrly chart showing some EUR/USD hesitation - could see a drop into close 1.3620 - if 10 yr Treasury yields move back to 2.79 drop could be bigger -- Turkey, Ukraine, Egypt and silly Syria talks all potential EU problems over the w/e

HK [email protected] 19:07 GMT January 24, 2014
Eerie HK$



Probably to Switzerland, which may explain some of the extra strength of the CHF:)

HK [email protected] 18:39 GMT January 24, 2014
Eerie HK$
Reply   


Probably some good money salvaging of potential losers in the China Trust product fiasco is leaving HK B4 it will be too late.

GVI Forex 18:20 GMT January 24, 2014
Week Ahead
Reply   
• FOMC set to taper by further $10bn, Q4 GDP growth expected up by solid 3.4%

• UK GDP growth forecast up 0.8% - perhaps not the stellar rate markets thought

• Spanish Q4 GDP to show ongoing recovery, but euro area jobless still a concern


ECONOMIC DATA ANALYSIS - FASTER GROWTH QUESTIONS MONETARY POLICY STANCES

GVI Forex john 18:03 GMT January 24, 2014
Fixed Income Snapshot

Equity correction continues into early N.Y. afternoon pre-weekend trade.

GVI Forex john 16:49 GMT January 24, 2014
Fixed Income Snapshot

Late in European trade, prices in prime fixed income markets are closing broadly higher on the day. European equities are weaker as the risk off trade continues into the weekend. U.S. share markets are weaker. The peripheral European bond prices are down on risk off.


GVI Forex Blog 16:01 GMT January 24, 2014 Reply   
January 24, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for MOnday, January 27. Updated: Trading Events Calendar HIGH IMPACT RELEASES: DE- IFO Survey, US- New Homes Sale

GVI Forex Data Outlook for January 24, 2014

GVI Forex john 15:58 GMT January 24, 2014
Calendar -- Daily Forex Data
Reply   


January 24, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for MOnday, January 27. Updated: Trading Events Calendar

HIGH IMPACT RELEASES: DE- IFO Survey, US- New Homes Sale

  • Far East: No Major Data
  • Europe: DE- IFO Survey.
  • North America: US- New Homes Sales.


HK [email protected] 15:43 GMT January 24, 2014
A$/U$


HK Kevin

This level indeed seems more possible, but important to see first the closing price tonight, on background of today bearish news.

GVI Forex john 15:38 GMT January 24, 2014
#Your Best Trade for Today

#TradeIdeas I believe strongly in never fighting the central banks when it comes to forex. If The Reserve Bank wants the #AUDUSD weaker, they will get it down over time.

I have no problem with the possibility it could go higher at times on that downward path. One headwind shorts face is that the market is already very short according to our COT tables. Its hard to push a currency lower when there are a lot of shorts around because there will always be buyers (profit-taking) on dips.

Any thoughts?

Commodity Currency COT charts

HK [email protected] 15:34 GMT January 24, 2014
For such a statement you don't have to be a professor:)
Reply   


Roubini: Over the past three years, I’ve had about 95% in cash and 5% in equities.

So he missed the US bull market hehehe.

HK Kevin 15:25 GMT January 24, 2014
A$/U$

HK RF, my estimation is that AUD will rebound to 0.8840.

GVI Forex john 15:25 GMT January 24, 2014
Davos, Roubini, 1914

I doubt it, but some have made a career out of being a perma-bear.

HK [email protected] 15:16 GMT January 24, 2014
Davos, Roubini, 1914


Is this professor making any money out of his forecasts, or he just enjoys the limelights around him?

GVI Forex john 15:11 GMT January 24, 2014
Davos, Roubini, 1914

Roubini is a one trick pony. They always trot him out when they need a gloomy forecast. Sooner or later he will be right again?

Mtl JP 14:54 GMT January 24, 2014
Davos, Roubini, 1914
Reply   
Roubini doom scenario: It looks like 1914 again - cnbc
-
China held $1.317 trillion in November
Japan held $1.174 trillion at the end of October

Mtl JP 14:35 GMT January 24, 2014
#Your Best Trade for Today

nh that would imply that a large and corrupt government is omnipotent

Livingston nh 14:25 GMT January 24, 2014
#Your Best Trade for Today

JP - would China let that happen? But maybe they are tapping the brakes too hard

HK [email protected] 14:06 GMT January 24, 2014
A$/U$
Reply   


Per my computations, 0.8670 may have become a temporary pivot which appeared almost over all time frames, and should have been respected.

It should be a big surprise if prices will decline back significantly below that level.

Pivot

GVI Forex john 14:04 GMT January 24, 2014
Fixed Income Snapshot

DJ futures still down about -80pts.

Mtl JP 14:03 GMT January 24, 2014
#Your Best Trade for Today

Livingston nh 11:50 - maybe we will see China have a Lehman event

GVI Forex john 13:51 GMT January 24, 2014
Canada CPI

Cad stronger on CPI data. #USDCAD weaker. Markets had been setting up for softer inflation and risk of lower interest rates.

GVI Forex john 13:48 GMT January 24, 2014
Canada CPI



Canada: Headline and BOC Core CPI... prices higher..

GVI Forex john 13:35 GMT January 24, 2014
Canada CPI





ALERT
December 2013 Canada: Consumer Prices
Bank of Canada Core
yy: +1.30% vs. +1.00% exp. vs. +1.30% prev.

Headline
mm: -0.20% vs. +0.10% exp. vs. -0.20% prev.
yy: +1.20% vs. +1.00% exp. vs. +0.90% prev.


TTN: Live News Special Offer

border="1" height="30">

Direct links to primary data sources

HK Kevin 13:32 GMT January 24, 2014
KaL's Trend and Level

Saar KaL 15:48 GMT January 23, 2014
KaL's Trend and Level: Reply
cable
Sell range
1.6654 1.6326

Good trade! Saar.

London Misha 13:30 GMT January 24, 2014
Observations

One would have thought the KR Down on the Weekly Chart would be dominant but the failure to consolidate on a a second weekly close below the 50% Fib at 1.3594 weakens this. As it is, we still need a close of over 1.3667 tonight NY time to even have a KR Up this week! Good trading!

HK [email protected] 13:25 GMT January 24, 2014
Observations


London Misha 12:54

This week we may end in a weekly key reversal upward in Euro.

That contrary to the downward key reversal you mentioned for last week.
And the reason is that key reversal after few weeks of decline(last week after 3 weeks decline) from a top are just not effective.
Probably this week the up-key reversal may be more effective after few weeks of decline.

GVI Forex john 12:57 GMT January 24, 2014
Canada CPI
Reply   

HEADS-UP: Data (forum top)
EURUSD= 1.3695
GBPUSD= 1.6510
USDJPY= 102.50
USDCAD= 1.1078

US 10-yr= 2.73%
DE 10-yr= 1.66%
UK 10-yr= 2.75%
CA 10-yr= 2.37%
(Manually refresh forum to update Calendar)

Direct links to primary data sources

London Misha 12:54 GMT January 24, 2014
Observations
Reply   
EURUSD - Key Reversal Up on Daily Chart & halts at mid Jan high!
USDJPY - Key Reversal Down on Daily Chart & break down through bottom of Descending Triangle.
GBPUSD - 4th White Soldier & new rolling 12 month high on Daily Chart.
USDCHF - Key Reversal Down on Daily Chart!
EURGBP - Pipe Bottom as market bounces up off support area 0.8154-0.8194 on Daily Chart.
AUDUSD - Opening Black Marubozo on Daily Chart with new decade low on Daily Chart.
USDINR - Market continues in Sideways Coil/Triangle Pattern on Daily Chart.
USDZAR - Opening White Marubozo & 2nd White Soldier after indecisive Doji on Daily Chart with new decade high!
USDBRL - 3rd White Soldier on Daily Chart.


Livingston nh 12:39 GMT January 24, 2014
Fixed Income Snapshot

This afternoon US traders may start to sell some bonds despite w/e jitters - FOMC should come back on the radar screen // Stox held the 1820 SPX so still a gap to be filled this AM -- w/e jitters may keep the pressure on

GVI Forex john 12:06 GMT January 24, 2014
Fixed Income Snapshot

10-yr 2.72% -5bp risk-off trade continues

Hong Kong Qindex 12:02 GMT January 24, 2014
EUR/AUD : Critical Level 1.5259




EUR/AUD : The short term supporting barrier is 1.5720 // 1.5762. The next upside targeting barrier is 1.6067 // 1.6073.


Qindex.com

EUR/AUD : Monthly Cycle Charts

Hong Kong Qindex 11:56 GMT January 24, 2014
EUR/AUD : Critical Level 1.5259

EURAUD
Entry: Target: Stop:





EUR/AUD : The mid-point reference between 1.5648 and 1.6035 is 1.5842.


Qindex.com


==============================================
EUR/AUD : Critical Level 1.5259
Hong Kong Qindex 21:51 GMT 01/23/2014 - My Profile
EURAUD
Entry: Target: Stop:




EUR/AUD : As shown in the monthly cycle projected series the market is working on the barrier at 1.5648 // 1.6035.


Qindex.com

EUR/AUD : Monthly Cycle Charts

Livingston nh 11:50 GMT January 24, 2014
#Your Best Trade for Today

CABLE should be under pressure as BoE talkers and MPC Minutes since Weds wasn't enough to undo the damage - Carney finally throws in the towel on "forward guidance" idea - others that jumped on the bandwagon, e.g., Fed, may start having second thoughts

How will Spain be affected by Argentina mess? Venezuela, Mexico - LatAm crisis?

Livingston nh 11:50 GMT January 24, 2014
#Your Best Trade for Today

CABLE should be under pressure as BoE talkers and MPC Minutes since Weds wasn't enough to undo the damage - Carney finally throws in the towel on "forward guidance" idea - others that jumped on the bandwagon, e.g., Fed, may start having second thoughts

How will Spain be affected by Argentina mess? Venezuela, Mexico - LatAm crisis?

GVI Forex john 11:48 GMT January 24, 2014
Fixed Income Snapshot

DJIA futures -173pts.

Can't trust this market before U.S. open.

HK [email protected] 11:36 GMT January 24, 2014
Long audusd



Probably on the way to 0.8880.

prague mark 11:04 GMT January 24, 2014
Long audusd

KAL,

well done, aud/usd will be hit by profit taking in US session and we squeez min 50 pips up... LOL

KL KL 11:03 GMT January 24, 2014
Long audusd

getting interesting the audusd and the Rafa - Fed match....

chased it to .8666...avg .867...and getting out here....no need to stress and watch the tennis///last post enjoy the Chaos today.....even gold is going to do something spectacular...left long audusd bombs at .86.....8583....8557....8532 and nuclear at ...85...bring it on...LOL

KL KL 10:42 GMT January 24, 2014
Long audusd

3rd cherry bite coming to long audusd......86735.....brommmm...engine started.....bam...

Rafa Leads 7-, 6-3.... relentless......LOL

GVI Forex john 10:28 GMT January 24, 2014
#Your Best Trade for Today

#AUDUSD A top member of the Reserve Bank of Australia today said that the AUD has NOT fallen by enough. It is rare for a central banker to be so explicit. She suggested that 0.8000 would be a suitable level. Its much easier to talk one's currency down than up. Personally, I would never step in front of this.

GVI Forex john 10:17 GMT January 24, 2014
#Your Best Trade for Today
Reply   
#Trading Ideas The first thing that strikes me today is that the #JPY has continued to gain across the board. Market seem to feel now that Abenomics have worked but we feel that perception might prove to have been premature. Don't forget out COT reports which indicated that #USDJPY had gotten heavily oversold. Today's data may not tel us a lot new because they are based of positions as of Tuesday's close. With no major economic news due today the focus wil be on whether there will be more unwinding of leveraged positions into the weekend?

Any thoughts?

GVI Forex john 10:07 GMT January 24, 2014
Fixed Income Snapshot
Reply   
Early in European trading hours, prices in prime fixed income markets are broadly higher again following the risk off session on Thursday. The U.S. 10-yr yield has fallen to 2.75%, which is perceived to be the bottom of its current range. The peripheral European bond prices are lower again. Far East shares ended mostly lower. European Equity markets are soft. Todays economic calendfar is light with only Canadian CPI data due.

KL KL 09:52 GMT January 24, 2014
Long audusd

out remaining 1/5 here......87..... no stress....watching great tennis

and go Rafa 1st set won 7-6.....

Amman wfakhoury 09:39 GMT January 24, 2014
EURUSD 13691 wfakhoury DL

accordingly ..sell and add sel if rise as 13709 not confirmed yet.

Amman wfakhoury 09:35 GMT January 24, 2014
EURUSD 13691 wfakhoury DL
Reply   
13691 wfakhoury directional level below it will return again 13545 above it will reach 13709 shortterm and 1.3860 for medterm.
13655 c0nfirmed and will be reached.
any rise above 13691 will return to it again




PAR 09:35 GMT January 24, 2014
CHINA
Reply   
The only stockmarket which has been doing well this week is China . Imho China is adopting Us tactics . QE1 .

Jobs . Companies aim is to make money , not to create jobs. So lower interest rates lead to share buy backs not to job creation .

KL KL 09:28 GMT January 24, 2014
Long audusd

ding ding coveing here 4/5 .8694.... heavy load to light load now....

hk ab 09:07 GMT January 24, 2014
yen
Reply   
This dlr/jpy starts to look precipitous now. Just be careful.

hk ab 09:07 GMT January 24, 2014
yen
Reply   
This dlr/jpy starts to look precipitous now. Just be careful.

KL KL 09:00 GMT January 24, 2014
Long audusd

I am back after dinner....Long Audusd relentless now .8685....and hopefully cover at this price in 30 minutes....while I also watch tennis....Go Nadal!!

bali sja 07:53 GMT January 24, 2014
buy cable
Reply   
go go cable, 1.6720 in NY later then some tiny retracement early next week before 1.70 still this quarter

nw kw 07:44 GMT January 24, 2014
USD/CAD

CAD Bank Canada Consumer Price Index Core (YoY) (DEC)

ca gov. is full of hot air //if good short gbpcad if not short cadjpy

but tracking audcad?

HK [email protected] 07:21 GMT January 24, 2014
USD/CAD
Reply   


1.11730 is coming on the way, maybe even higher, so commodity currencies buyers should not be in a hurry on the buy.
Likely the sellers density is high at any level to allow them an exit as soon as possible.

GVI Forex Blog 06:53 GMT January 24, 2014 Reply   
(US) NORTH AMERICA DEC SEMI BOOK/BILL RATIO: 1.02 V 1.11 PRIOR (3rd straight month above parity) - (NZ) NEW ZEALAND DEC CREDIT CARD SPENDING M/M: -1.2% V +3.5% PRIOR; Y/Y: 4.7% V 6.9% PRIOR - (SG) SI

TradeTheNews.com Asian Market Update: Regional indices sell off, while Shanghai Composite remains supported by the latest PBoC injection; AUD plummets on RBA's Ridout comments***Economic Data***

jkt abel 06:51 GMT January 24, 2014
Long audusd

kl kl, with the profit you make, just employ a secretary to type your position for you, problem solved

HK [email protected] 06:50 GMT January 24, 2014
AUD NZD
Reply   


AUD,NZD, well pounded currencies by morning bad news.
But seems the way for the NZD downward is deeper, as being the most O.V. currency against the majors, and tech. too..

Hong Kong AceTrader 06:49 GMT January 24, 2014
AceTrader Jan 24: Intra-day Recommendations on Major USD/JPY
Reply   
Intra-day Recommendations on Major USD/JPY
24 Jan 2014 06:04 GMT

INTRA-DAY OUTLOOK ON USD/JPY - 103.32

Despite dlr's brief but sharp retreat from 103.59 to 103.09, present rebound due to the recovery in Nikkei-225 index suggests choppy consolidation with mild upside bias would be seen n gain to 103.40/45 is likely to be seen.

However, 103.59 should hold.
Stand aside n look to sell for day trade as below yesterday's 102.97 low yields re-test of 102.85.

dc CB 06:42 GMT January 24, 2014
Draw your own conclusions

JPMorgan’s board voted this week to increase Mr. Dimon’s annual compensation for 2013, hashing out the pay package after a series of meetings that turned heated at times, according to several executives briefed on the matter. The raise — the details were not made public on Thursday — follows a move by the board last year to slash Mr. Dimon’s compensation by half, to $11.5 million

Fined Billions, JPMorgan Chase Will Give Dimon a Raise

KL KL 06:37 GMT January 24, 2014
Long audusd

jkt abel

so .... as it went down to .8690 ...I am to post every entry.......i took on the way down.....?? I thought when I say relentless it was obvious..... I relentlessly, unceasingly kept adding long....with my HFT fingers..... i see..... you are right I will try to post my 1 million long position when I have worked out how to sync the position I take and post here.... apology for misleading you.... gl gt...

jkt abel 06:32 GMT January 24, 2014
Long audusd

kl kl, no point to mention it since you never posted your additional positions, how come suddenly average down 0.8705 and then out with few pips profit? scam? you can't possibly post your additional positions and in the same post you closed it with profit where all you ever mentioned previously was an entry underwater from 0.87159!!!

KL KL 06:28 GMT January 24, 2014
Long audusd

yippie...out 4/5 long audusd here .8710.....thank you limit sell....avg .8705...chased it down to .8690...amazing...happy with 5 pips on 1,000,000,000 lots.......LOL...in another words if it moved down another 50 pips...Armada account would be wiped....now will relong near .8691...... reposition Long attack...

DYOR...IMVHO and DFM.....

jkt abel 06:04 GMT January 24, 2014
audnzd parity

try short audusd as well 0.8708, stop 0.8727

kl fs 05:44 GMT January 24, 2014
audnzd parity

Syd sf, i like your style! cheers!

kl fs 05:41 GMT January 24, 2014
audnzd parity

ACC, at this juncture everything is speculative IMO, friday is usually a strong trend trading day so in that light, finding bottoms is also highly speculative if not for scalping alone, clearer picture should be few more sessions later i.e. next week

Syd sf 05:41 GMT January 24, 2014
audnzd parity

yeah there is no doubt that its highly speculative

it doesn't really matter to risk 30 points when your going in the direction of the trend .. as if it doesn't break down today - it will at some later time... so can get my few pips back.

prague viktor 05:41 GMT January 24, 2014
buy euro

Buy EURUSD
Entry: Target: Stop:

1,42 is next

Sydney ACC 05:33 GMT January 24, 2014
audnzd parity

Shorting now is highly speculative. Its already fallen 60 points or so from when the comment hit the headlines.
While Ridout is an external board member not subject to internal constraints I can't believe she wouldn't have consulted the Bank nonetheless.
Think though that AUD has traded above 90 cents since Stevens' view that AUD should be at 85 cents plus USD itself is weaker.

kl fs 05:30 GMT January 24, 2014
audnzd parity

yes sf, time to kill the ninja ;) he is not going to see his underwater position survive

Syd sf 05:28 GMT January 24, 2014
audnzd parity

yeah I sold aud and bought $cad

its a friday which is normally a trend type day.

take a break from the Yen and Yen Cross .. funny kind of feel like I'm playing roulette lol.... not alot of skill involved in these trades.

kl fs 05:14 GMT January 24, 2014
audnzd parity

Sell AUDUSD
Entry: Target: Stop:

abel, let's test it, sell audusd 0.8705, stop 0.8735 for today

jkt abel 05:11 GMT January 24, 2014
audnzd parity
Reply   
parity looks inevitable for the pair

jkt abel 05:09 GMT January 24, 2014
3AUD/USD Falls below $0.8730 following RBA's Ridout comments; Fresh 3 1/2 year lows - Source TradeTh

better yet, hold on to gbpaud long

jkt abel 05:07 GMT January 24, 2014
3AUD/USD Falls below $0.8730 following RBA's Ridout comments; Fresh 3 1/2 year lows - Source TradeTh

sell aud today on any approach to 0.8730 is safer IMO, otherwise just watch

bali sja 04:58 GMT January 24, 2014
3AUD/USD Falls below $0.8730 following RBA's Ridout comments; Fresh 3 1/2 year lows - Source TradeTh

time to start buying dips in aud with officials comments rampaging newswire like that IMHO

KL KL 04:58 GMT January 24, 2014
Long audusd
Reply   
Relentless lOng here .87159

Syd 04:54 GMT January 24, 2014
3AUD/USD Falls below $0.8730 following RBA's Ridout comments; Fresh 3 1/2 year lows - Source TradeTh
Reply   
(AU) Reserve Bank of Australia (RBA) board member Ridout: AUD has not fallen enough; AUD at $0.80 is fair deal for the economy - financial press interview**Reminder: On Dec 12th RBA gov Stevens commented in the press that the AUD currency needed to be closer to 0.85 area - Source TradeTheNews.com

bali sja 04:47 GMT January 24, 2014
buy euro
Reply   
a little bit of pullback can be expected but we are definitely going up from here! buy those dips if seen!

dc CB 03:43 GMT January 24, 2014
Draw your own conclusions
Reply   

Legal Marijuana Businesses Should Have Access to Banks, Holder Says

http://www.nytimes.com/2014/01/24/us/legal-marijuana-businesses-should-have-access-to-banks-holder-says.html?ref=business

+++++++++++++++++++++++++++++++++++++++

Neiman Marcus Data Breach Worse Than First Said

The theft of consumer data from Neiman Marcus appears far deeper than had been disclosed originally, with the luxury retailer now saying that hackers invaded its systems for several months in a breach that involved 1.1 million credit and debit cards.

http://www.nytimes.com/2014/01/24/business/neiman-marcus-breach-affected-1-1-million-cards.html?ref=business

GVI Forex Blog 03:41 GMT January 24, 2014 Reply   
Equities worldwide have tumbled since yesterday on weak Chinese PMI (49.6, down from

Morning Briefing : 24-Jan-2014 -0339 GMT

ottawa ottawa 03:06 GMT January 24, 2014
USD/JPY and SPX

I am ready to short the spx and jpy in a few more pts...stand by, should be wave 5 down, nice around 1.381% down from either 1832 or 1837, still not sure. If any have suggestions, pls hand them on.

ottawa ottawa 02:49 GMT January 24, 2014
USD/JPY and SPX

I think that we should be out completely now from SPX and JPY...nice trade every one who participated...

Hong Kong AceTrader 02:26 GMT January 24, 2014
AceTrader Jan 24: Euro rallies on Thursday as QE from ECB diminishes after data
Reply   
Market Review - 23/01/2014 21:52GMT

Euro rallies on Thursday as QE from ECB diminishes after data

The single currency strengthened against the dollar on Thursday as expectations for further monetary easing by the European Central Bank diminished after stronger-than-expected data on euro zone private sector activity.

During the day, although euro traded sideways after retreating from Wednesday's high of 1.3584 to 1.3530 at Asian open, price jumped sharply to 1.3647 in European morning as data showed recovery in the euro area is strengthening due to a larger than expected increase in euro zone private sector activity this month. Later, euro rose further to 1.3685 in New York morning after the number of continuing jobless claims in U.S. remained above the three million mark for the second successive week before easing. Price extended gain to 1.3699 near New York close due to the sell off in global stock markets.

Market reported on Thursday that the euro zone’s composite output index rose to a 31-month high of 53.2 in January, up from a final reading of 52.1 in December, as growth picked up in Germany and the rate of decline eased in France. A separate report showed Germany's Manufacturing PMI expanded at the fastest pace since May 2011 in January , record at 56.3 versus 54.3 in previous month.

Versus the Japanese yen, despite dollar's initial bounce to 104.84 shortly after Asian opening, price came under pressure and retreated to 104.21 in European morning on declining Nikkei 225 index. The greenback later met another round of selling in part due to active cross-buying of yen and dropped to 103.49 in New York morning on poor U.S. jobless claims and manufacturing PMI data. The pair weakened further to 102.97 in near New York close due to the sell off in global stock markets.

U.S. initial jobless claims rose to 326,000, up from the previous week's revised total of 325,000. The number of people filing continuing unemployment claims rose to 3.056 million up from 3.022 million in the week to January 11. Another report showed that the U.S. manufacturing PMI declined to 53.7 this month from a final reading of 55.0 in December.

Cable rose in tandem with euro on Thursday after finding support at 1.6557 in Asia and price then penetrated previous high of 1.6605 (January 2nd) to a fresh 2-year peak of 1.6637 in New York morning n then 1.6644 near NY close on dollar's broad based weakness.

In other news, BoE's Fisher said on Thursday that 'output growing too slow to support rapid real wage rise and big fall in unemployment; inflation pressures diminishing but strong GDP growth not guaranteed; no immediate need to tighten when unemployment falls to 7%, must allow economy to grow strongly for some time; "still some way off" from raising interest rates, MPC must avoid choking off recovery.'

Data to be release on Friday:

U.K. BBA mortgage approvals and Canada CPI.

hk ab 00:27 GMT January 24, 2014
eur
Reply   
Zeus, did your longs get stopped out?

I found your direction and momentum wonderful, however, sometimes they could be eyed.

HK [email protected] 00:15 GMT January 24, 2014
EURO



You bet he may be right this time too. It fits well into the calculations.

HK [email protected] 00:12 GMT January 24, 2014
EURO
Reply   


Let's wait for 1.3545 Wafq level to buy again.

 




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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

 
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Forex Forum

The Global-View Forex Forum is the hub for currency trading on the web. Founded in 1996, it was the original forex forum and is still the place where forex traders around the globe come 24/7 looking for currency trading ideas, breaking forex news, fx trading rumors, fx flows and more. This is where you can find a full suite of forex trading tools, including a complete fx database, forex chart points, live currency rates, and live fx charts. In addition, there is a forex brokers directory where you can compare forex brokers. There is also a forex brokers hotline where you can ask for help choosing a forex broker that meets your individual fx trading needs. Interact on the same venue to discuss forex trading.

Forex News

The forex forum is where traders come to discuss the forex market. It is one of the few places where forex traders of all levels of experience, from novice to professionals, interact on the same venue to discuss forex trading. There is also the GVI Forex, which is a private subscription service where professional and experienced currency traders meet in a private forex forum. it is like a virtual forex trading room. This is open to forex traders of all levels of experience to view but only experienced currency tradingprofessionals can post.

Currency Trading

Currency trading charts are updated daily using the forex trading ranges posted in the Global-View forex database. You will also find technical indicators on the fx trading charts, e.g. moving averages for currencies such as the EURUSD. This is another forex trading tool provided by Global-View.com.

Forex Brokers

The forex database can be used to access high, low, close daily forex ranges for key currency pairs, such as the EURUSD, USDJPY, USDCHF, GBPUSD, USDCAD, AUD, NZD and major crosses, including EURJPY, EURGBP, EURCHF, GBPJPY, GBPCHF and CHFJPY. Data for these currency trading pairs dating back to January 1, 1999 can be downloaded to an Excel spreadsheet.

Forex Trading

Forex chart points are in a currency trading table that includes; latest fx tradinghigh-low-close range, Bollinger Bands, Fibonacci retracement levels, daily forex pivot points support and resistance levels, average daily forex range, MACD for the different currency trading pairs. You can look on the forex forum for updates when one of the fx trading tools is updated.

FX Trading

Global-View also offers a full fx trading chart gallery that includes fx pairs, such as the EURUSD, commodities, stocks and bonds. In a fx trading world where markets are integrated, the chart gallery is a valuable trading tool. Look for updates on the Forex Forum when the chart gallery is updated.

Forex Blog

Global-View.com also offers a forex blog, where articles of interest for currency trading are posted throughout the day. The forex blog articles come from outside sources, including forex brokers research as well as from the professionals at Global-View.com. This forex blog includes the Daily Forex View, Market Chatter and technical forex blog updates. In additional to its real time forex forum, there are also Member Forums available for more in depth forex trading discussions.

 

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