Livingston nh 23:38 GMT October 1, 2014
stocks to close positive
Looking at the post mortems there is nobody that has a clue about the motivation of the markets move today - there is no consensus so there can be no silver bullet cure
Everybody agrees bonds are bullet proof, right? right?
And when the tide goes out ___ it's always the same
Mtl JP 23:15 GMT October 1, 2014
ECB
euro's history of relative dumps
odds are Draghi feels like a wolf looking at the heels of a bleeding doe
Mtl JP 23:14 GMT October 1, 2014
ECB
euro's history of relative dumps
odds are Draghi feels like a wolf looking at the heels of a bleeding doe
Livingston nh 22:20 GMT October 1, 2014
ECB
There is really nothing that ECB can do because of the single currency, fiscal restraint and bank vs bond funding of the economy -- the EUR is a cork on a sea of dollars
The EU is still just a trade zone - so "beggar thy neighbor" is the guiding principle rather than "all for one, one for all"
Ben screwed up by buying money - Mario doesn't even have that option
GVI Forex 22:14 GMT October 1, 2014
ECB
Reply
17:33 (EU) Nomura: Do not expect ECB to announce any new policy measures; Will maintain a clear bias toward further action if needed - financial press
- Says: "This will be via an expression of the intent to use additional unconventional instruments and alter the size and/or composition of its unconventional interventions should it become necessary to further address risks of a too prolonged period of low inflation... Away from asset purchases, we expect the ECB to remain concerned with the loss of momentum in the business cycle and to see clear downside risks to the economic outlook. Overall, we expect Mr Draghi to keep the threat level of further action as elevated as possible, in order to try and maintain pressure on the exchange rate and keep inflation expectations which remain under pressure - in check."
- Source TradeTheNews.com
Livingston nh 22:04 GMT October 1, 2014
EUR/CHF
Reply
Consider the possibility that EUR is doomed no matter what Draghi does tomorrow -- too "loose" EUR spikes down, no news re: purchases or size EUR spikes down, Germans seize control of ECB EUR spikes down -- an initial spike would put the Swiss on guard -- intervention ?? and what do they buy with the acquisition ?? EUR/CHF buy at 1.2020 and dump above 121+
GVI Forex john 21:45 GMT October 1, 2014
Calendar -- Daily Forex Data News
October 1, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Thursday, October 2.
Updated: Trading News Events Calendar
HIGH IMPACT NEWS: AU- Trade, GB- Construction PMI, EZ- ECB Decision, US- Weekly Jobless, Factory
Orders
- Far East: AU- Trade
- Europe: GB- Construction PMI, EZ- ECB Decision
- North America: US- Weekly Jobless, Factory Orders, Natural Gas
dc CB 21:29 GMT October 1, 2014
Coming Soon: Stuff you'll never hear about
Reply
From:The Grey Lady:(no mention of NEWS)
++++++++++++++++++++++++++++++++++++++++++++
The New York Times plans to eliminate about 100 newsroom jobs, as well as a smaller number of positions from its editorial and business operations, offering buyouts and resorting to layoffs if enough people do not leave voluntarily, the newspaper announced on Wednesday.
Arthur Sulzberger Jr., the newspaper�s publisher, and Mark Thompson, its chief executive, said that in addition to the job cuts, NYT Opinion, a new mobile app dedicated to opinion content, was shutting down because it was not attracting enough subscribers.
The reductions, they said, were intended to safeguard the newspaper�s long-term profitability.
�The job losses are necessary to control our costs and to allow us to continue to invest in the digital future of The New York Times, but we know that they will be painful both for the individuals affected and for their colleagues,� the note said.
The latest product, NYT Cooking, is not charging for a subscription but instead is trying to build a large audience before asking readers to pay. Mr. Sulzberger and Mr. Thompson said that by the end of September, just two weeks after its official launch, the product had more than a million unique visitors.
�They are all experiments, which we are determined to treat as such: to learn, pivot and, where necessary, make prompt decisions about them,�
New York Times Plans Cutbacks in Newsroom Staff
london red 21:01 GMT October 1, 2014
Current Conditions: Mixed RISK
i have looked at the yearly chart and have a similar outcome, plus a 121 target on any break abv that particular trendline. given the move since summer, we can call this first attempt a false break, so the second from whatever the low will be, thru 109/109.50 is probably the real one.
short term i have a trendline at 108.83. if that doesnt hold on an hourly basis i suspect tomorrow morning there will be a lot more action than the uk construction i planned for.
Mtl JP 20:45 GMT October 1, 2014
Current Conditions: Mixed RISK
usdyen longish timeframe t-line
some current day-chart studies suggest a pause which would match the t-line as temporary resistance
sd sf 20:42 GMT October 1, 2014
Morning
Reply
Just from my own book.
EUR - bids @14 offers 34 40 42-43
GBP - bids @76 offers @16
YEN - bids @90 offers @18 20 -- some stops under 108.70
CAD - sq.
no real stops in EUR + GBP as with the dips and rallies - it can get out either side.
a lot depends on what the Stock Market does into end of the week - so just let the bots trade their ranges till that is a little clearer.
Livingston nh 20:41 GMT October 1, 2014
Current Conditions: Mixed RISK
Today was a Will Rogers market in treasurys - less concern about return on money than return of money // whole lotta squeezin' goin' on but Friday should tell the tale
USD/JPY was smitten by Hong Kong antics as China expressed concern about yen depreciation and "somebody" (official or analyst??) suggested that the yen would depreciate more slowly above 110 -- Al Jolson says "you ain't seen nothin' yet"
And STOX - the SPX 200 dma is ~ August lo (we broke the 100 dma today so a simple test of Aug lo puts SPX under 200 dma (unvisited level in many months) and anything below will be the first correction to break a prior correction low this year -- and the TAPER is complete (a mere coincidence I'm sure) - Following Rogers and Jolson we will have Yellen performing her composition NOISE
dc CB 20:41 GMT October 1, 2014
Day's Trades
picture of 10-yr note's price action savvagery
+++++++++++++++++++++++++++++++++++++
I wonder how many "fail to delivers" stacked up today after yesterday's $407bln need for Treasuries to WindowDress by 102 "Institutions", salvating at the NYFED's trough for hypothecatable collateral.
Wonder how much that goosed the bond market today in the scramble for actuals. Guess we'll have to wait a few weeks for that data to be leaked
Take a look at the 2y chart...which by the way according to the COT held the biggest Spec Short in years.
2year COT
london red 20:30 GMT October 1, 2014
Current Conditions: Mixed RISK
i read today that the data caught a lot of people on the wrong side position wise. i mentioned earlier in the week the way the 10yr was set up so i can accept that.
but i have been looking through some notes that came over the wires today and one looks at usdjpy. q4 10213 low to high was 9 figures. q3 2014 low to high was, yep you guessed it 9 figures. on both occasions a higher high was made right at the start of the quarter. what followed then for q4 2013 was a 50% decline before the rally recommenced. back then the 20 day supported on a closing basis, this time the 10 day ma has been sufficient. the fall in q1 2014 taught us that the rallies were fierce, so selling rallies and covering the dips was the order of the day. following downside breakouts usually ended up with losses unless stops were v generous. after the initial move below the 20 day ma, the market rallied almost back to the q4 high but lost nearly 3 figures in two days.
dc CB 20:09 GMT October 1, 2014
stocks to close positive
From: NYFED Trading Desk
To: Da Stox Market
CC: Da New Chicago Desk
We trided(sic) to git the Dow to only read 1XX in da Red,
but we broke it.
++++++++++++++++++++++++++++++++++++++++++++++++++
As the late-day VIX slamdown began, and stocks levitated off the lows, CBOE's Futures Exchange "broke." At 1542ET, VIX futures/options stopped trading (though the VIX index continued to push lower).
VIX Options Halted As CBOE Breaks
Mtl JP 20:07 GMT October 1, 2014
Day's Trades
picture of 10-yr note's price action savvagery
Amman wfakhoury 20:07 GMT October 1, 2014
USDJPY
Reply
Amman wfakhoury 16:36 GMT 10/01/2014
USDJPY is heading 109-108.80 any rise above 109.32 will return to it
__________________-
here we are in the are 109-108.80
GVI Forex 19:52 GMT October 1, 2014
Day's Trades
US equities and interest rates took a dive. The S&P500 is currently down 1.2% and 10yr yields fell 11bp. Eurozone PMIs disappointed, as did US construction spending and ISM manufacturing activity (the better ADP payrolls result appeared to be overlooked). In addition, Russia said it needed to "protect" ethnic Russians in the Baltics, and there were rumours of a second Ebola case in Dallas.
-- ANZ NZ
GVI Forex john 19:48 GMT October 1, 2014
Weekly Trading Planner
Reply
THURSDAY
01:30 AU Trade Important Trade measure
08:28 GB Construction PMI Closely-followed production index
11:45 EZ Europe
Cntl Bank More ease to be
signaled?
12:30 US Initial Claims +300 expected
14:00 US Factory Orders Future
production predictor
FRIDAY
07:55 DE SVC
PMI final Key Service Sector
index
07:58 EZ SVC PMI final Key
Service Sector index
08:28 GB SVC
PMI Key Service Sector index
12:30 CA Trade External sector
measure
12:30 US Payrolls Major
Fed Target
12:30 US Trade Impacts GDP calculation
13:45 US Markit SVC PM Key
Service Sector index
14:00 US ISM SVC PMI Key
Service Sector index
SaaR KaL 19:40 GMT October 1, 2014
Day's Trades
GUys
EURNZD is going to blow north
dc CB 19:24 GMT October 1, 2014
Ebola in the USA
Reply
don't dismiss the effect on a "comsumption" based economy. vis-a-vis STOX. "it's contain(ed)(able)".
(the Secret Service can't stop someone from entering the WH---follow the logic) Big OOOPS our bad to bad for you.
+++++++++++++++++++++++++++++++++++++++++++++
DALLAS � Health officials in Dallas are monitoring at least five schoolchildren in North Texas who came into contact with a man found to have Ebola virus, after he became sick and infectious.
The authorities also said that an early opportunity to put the patient in isolation, limiting the risk of contagion, may have been missed because of a failure to pass along critical information about his travel history.
After Ebola Case in Dallas, Health Officials Seek Those Who Had Contact With Patient
SaaR KaL 19:22 GMT October 1, 2014
Day's Trades
GBPJPY Slow Recovery into Next week...will tak her to 185+ Into April End
Recovers faster then EURJPY IMO
london red 19:20 GMT October 1, 2014
stocks to close positive
not sure it goes far either way before ecb. but however tight the range (maybe 25/30 pts pre ecb, its there to be caught. maybe 2885 low 2620 high. theres uk construction tomorrow, which i dont expect too much from lets say. so eurgbp is going to play a role in the morning.
SaaR KaL 19:12 GMT October 1, 2014
Day's Trades
GBPJPY Longs seem Better
Recovering slow into next week
176.9731 176.4491
TGT 178.4401
Mtl JP 19:10 GMT October 1, 2014
stocks to close positive
I like short euro for 1.2550 trgt here , say with 20-30-ish pips sl
GVI Forex Blog 19:06 GMT October 1, 2014
Reply
October 1, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Thursday, October 2. Updated: Trading News Events Calendar
HIGH IMPACT NEWS: AU- Trade, GB- Construction PMI, EZ- ECB Decision, US- Weekly Jobless, Factory Orders
GVI Forex Data Outlook for October 2, 2014
SaaR KaL 19:06 GMT October 1, 2014
Day's Trades
EURJPY..Longing small
137.8669 137.2026
TGT 138.8110
IMO a Better buy next week
136.9716 136.6232
TGT 141.2457
GVI Forex john 19:04 GMT October 1, 2014
Calendar -- Daily Forex Data News
Reply
October 1, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Thursday, October 2.
Updated: Trading News Events Calendar
HIGH IMPACT NEWS: AU- Trade, GB- Construction PMI, EZ- ECB Decision, US- Weekly Jobless, Factory
Orders
- Far East: AU- Trade
- Europe: GB- Construction PMI, EZ- ECB Decision
- North America: US- Weekly Jobless, Factory Orders, Natural Gas
london red 19:02 GMT October 1, 2014
stocks to close positive
nobody interested (long stox) by looks of it JP, id expect that while below that figure. btw i use the index rather than futures to chart in case of any confusion.
bonds moving back to highs at end of session, never good for risk. i might sell dec 10 at 125.66/70 tomorrow if AFTER ecb. i cannot see them going thru there ahead of nfp if ecb passes without too many problem.
but usdjpy moving to low towards end of session, despite the negative signal, i see a bear trap thru 10905/12 to trade to 10947 at some stage tomorrow, then all to play for albeit with a negative bias in my view. a move below 10905 should see 108.50 in a blink of an eye (maybe something for friday if nfp disappoints), but we have to retrace part of todays range tomorrow.
SaaR KaL 18:31 GMT October 1, 2014
Day's Trades
Correction
GBPCAD Longs
1.8035 1.8062
tgt 1.8216
SaaR KaL 18:30 GMT October 1, 2014
Day's Trades
GBPCAD Longs
1.8216 1.8062
tgt 1.8035
this guy wants 1.85 area mid april IMO
tokyo ginko 18:19 GMT October 1, 2014
stocks to close positive
maybe..thanks
order key in 1970.5 to t-p
off to airport...later.
london red 18:14 GMT October 1, 2014
stocks to close positive
youll get your chance ginko. unless they retake 1955 we aint done yet on the downside.
tokyo ginko 18:12 GMT October 1, 2014
stocks to close positive
went in an hour too early...low 1937 ..
now 1941..
upside for now..GT all..
PAR 17:57 GMT October 1, 2014
Break the buck
Reply
Money market funds in Europe are fighting to avoid "breaking the buck," which could trigger huge outflows from the sector.
These funds typically invest in cash-equivalent assets, like high-quality short-term corporate debt or government debt. For investors, the advantage they have over stocks is that they're a safe place to park cash. You can almost never lose money in a money market fund.
In return you'll get modest but positive returns, with very low risk. Crucially, they strenuously seek to avoid "breaking the buck" � or returning less to investors than they put in.
Unfortunately, with the European Central Bank (ECB) having imposed a negative deposit rate of -0.2% on reserves held at the bank, this task has become harder than ever. Investors who don't want to lose money are now forced to withdraw it and figuratively hide it under a mattress until the negative interest rate era is over. That could reduce the amount of cash available for companies and governments to borrow (and spend), thus further crippling Europe's fragile economic recovery
Paris ib 17:51 GMT October 1, 2014
Current Conditions: Mixed RISK
Indeed JP. And just watch the margin calls on all the carry trades. The trend is your friend..... until it's not.
Mtl JP 17:50 GMT October 1, 2014
Current Conditions: Mixed RISK
ib 17:42 - I am thinking the levered long accounts be producing sweat bullets . not good moments for folks in debt, be they long stox or short bond
london red 17:43 GMT October 1, 2014
Current Conditions: Mixed RISK
1921 nxt for s&p. trendline rising. id say today if not for ecb and nfp week. but 1955 should cap into ecb and poss into nfp on a close below today.
PAR 17:30 GMT October 1, 2014
Ebola
Reply
Ebola patient flew from Liberia to Brussels and from Brussels to Texas .
Mtl JP 17:28 GMT October 1, 2014
Global Markets News
john 15:59 re "I thought we would never"
what / who, do u thimk, mislead you to think that ?
dc CB 17:23 GMT October 1, 2014
Repos
Note on yesterday's $300bln Repo (of which there was $407bln submitted):
There were 102 bids submitted and 81 bids accepted in today's operation. Bids submitted at the stopout rate were awarded approximately 83% of the amount submitted.
ps the stopout rate is 0.00%.....
TODAY, just done: 53 bids, 53 accepted. 212.481 bid 212.481 accepted. Rate: 0.05%
Temporary Open Market Operations
Mtl JP 17:06 GMT October 1, 2014
Deflation
PAR 16:57 / no
PAR 16:57 GMT October 1, 2014
Deflation
Reply
Deflation is caused by oversupply , not by a shortage of credit .
Does Draghi really thinks that buying Greece and Cypriotic junk will really help the European people or is this just a brilliant idea of Blackrock solutions to help their own positions ?
Mtl JP 16:55 GMT October 1, 2014
STOX
DJIA down only approx 1.25%
no circuit breaker yet
Mtl JP 16:52 GMT October 1, 2014
STOX
rare same page as everyone sees the same thing : krapp data
SaaR KaL 16:52 GMT October 1, 2014
Day's Trades
Placing shorts eurusd for next day's short layer (2nd oct NY)
GTC
1.2678 1.2632
tgt 1.2550
Same for cable
cable
1.6263 1.6231
GTC 1.6115
Livingston nh 16:48 GMT October 1, 2014
STOX
Reply
SPX has filled all the mid-august gaps save one ~1935
Stox not sure what the bond market sees?
SaaR KaL 16:43 GMT October 1, 2014
Day's Trades
AUDNZD
Suggest you long
1.1197 1.1103
tgt
1.1270
EURNZD Longs as well
1.6220 1.6010
TGT 1.6337
Amman wfakhoury 16:36 GMT October 1, 2014
USDJPY
USDJPY is heading 109-108.80 any rise above 109.32 will return to it
london red 16:11 GMT October 1, 2014
USDJPY
John 109.05/12. Below there the censored storm starts.
SaaR KaL 16:09 GMT October 1, 2014
USDJPY
I bought Jay..
Buy Layer 109.43 109.14
TGT 110.1224
GVI Forex Jay Meisler 16:02 GMT October 1, 2014
USDJPY
Reply
Key level is 109.19, yesterday's low
Only below it would produce an outside day (key reversal if closes below)
Low so far 108.25
SaaR KaL 16:01 GMT October 1, 2014
Day's Trades
AUDUSD heading to 0.8100 by the end of oct
GVI Forex john 15:59 GMT October 1, 2014
Global Markets News
Another dip down in U.S. stocks. I thought we would never see the 10-yr back down in range of 2.40% again. Any implications for ECB tomorrow?
Dallas JRE 15:36 GMT October 1, 2014
Global Markets News
Some are freaking out here. Is the case of Ebola weighing on equities and airlines on epidemic fears?
GVI Forex john 15:32 GMT October 1, 2014
Current Conditions: RISK-OFF
Markets
have moved from an early MIXED RISK posture to a RISK-OFF
positioning. I am seeing prime bond yields falling as equities
sell-off As of the European close U.S. shares are trying to
stabilize. The
EURUSD has been trading lower on the day.
- Yields
in prime Eurozone fixed income
markets are sharply lower. The
10-yr
bund is 0.906%, -4.3% bp. Peripheral bond yields are lower.
- The U.K.10-yr gilt yield is 2.368% -5.9 bp. BOE Gov
Carney has continued to signal a Spring 2015
rate hike.
- U.S.10-yr yield is 2.429%, -7.7bp.The Psychological
focus remains on 2.50%.
- Far East equities were mixed. China was closed for a
holiday. Bourses in
Europe are closing lower. U.S. shares futures are lower..
The heat map color scheme
of interest rates reflects yields. This aligns all the colors in the
chart to reflect risk-on (green) and risk-off(red).
Livingston nh 15:20 GMT October 1, 2014
Current Conditions: Mixed RISK
Treasury yields are being influenced by EU rates notably bunds - USD still has relative yield advantage (risk is flatter curve when Fed moves s/t)
Good news is bad news again
GVI Forex john 15:04 GMT October 1, 2014
Current Conditions: Mixed RISK
Im trying to figure out if stocks are falling on the data or on fears of monetary policy "normalization" in the U.S. and U.K.?
If its policy "normalization" bond yields should not be falling??
Is this USD positive or negative???
london red 14:59 GMT October 1, 2014
Current Conditions: Mixed RISK
JP, if you have a mo, pull up this chart. dec 10yr. trendline thru august 13 and 22nd lows. it the new (old) red line. same one as for the sept contract that worked so well. think the chart can be very helpful, puts into perspective where we have been and where we are now.
GVI Forex john 14:48 GMT October 1, 2014
Current Conditions: Mixed RISK
big move higher in bond prices (yields tumbling)
10-yr 2.425% -8.1bp
on 162 point fall in DJIA
S&P -15 points
I had thought we were headed for 2.60%.This time there is no political dimension to this price move..
Paris ib 14:36 GMT October 1, 2014
Trade Idea
Sell USD/JPY. Buy EUR/USD.
Current level 4345 and 1012
Mtl JP 14:28 GMT October 1, 2014
Trade Idea
Buy USDCAD
Entry: 1.1180 Target: 1.12++ Stop: few pips under 1.1160
anyone want to second it ?
london red 14:24 GMT October 1, 2014
Wednesday's Trading
10yr dec high on neck line of former shs. last time it broken higher it went nearly a point in 2 sessions. but s&p must go under 1955 fib for break to occur imo. otherwise hard to see where break comes from.
Mtl JP 14:23 GMT October 1, 2014
Trade Idea
Reply
I need one ... preferably profitable
tia !
london red 14:13 GMT October 1, 2014
U.S. ISM Manufacturing PMI September 2014
us ism usually slows down during summer. this year the slow down came late give the q2 rebound after v poor q1. october is when we need to worry if no improvement.
NY JM 13:54 GMT October 1, 2014
Wednesday's Trading
10 yr 2.436% as stocks extends slide....
FX implications?...
ISM PMI up next
Livingston nh 13:50 GMT October 1, 2014
U.S. Markit FINAL Manufacturing PMI September 2014
in addition to strong payroll growth the Markeit notes :
"Operating margins came under pressure from a sharp and accelerated rise in average cost burdens during September. The rate of input price inflation hit a nine-month high, with firms citing increased raw material costs, salary payments and transportation bills. However, in line with the trend for input costs, latest data also pointed to the sharpest rise in factory gate charges in 2014 so far."
Services inflation can and will rise even faster
GVI Forex john 13:01 GMT October 1, 2014
Chart Points -- Pivot Point Trading System
One characteristic of pivot points is that they can move very wide or narrow after an unusually wide or narrow range in a previous session. Today's pivot support and resistance levels are very wide and should be taken with some caution.
Im looking mainly at the pivot point in EURUSD @ 1.3634
and R1 (1.2697) and S1 (1.2526). Even they appear to be out of range.
NY JM 13:00 GMT October 1, 2014
Wednesday's Trading
Reply
Stocks set to open lower => bond yields lower => pushing usdjpy lower (and usd lower) - about sums it
Sort of a 1 +1 doesn't = 2 day so far
But see this EURUSD chart, will put consolidating price action in perspective.
Mtl JP 11:36 GMT October 1, 2014
Global Markets News
In UK Daily Mail reports that
"More than a million workers got a pay rise today - after the minimum wage was increased by 19p �6.50 an hour. It means those on the lowest legal wage are set to see their pay rise by as much as �355 a year."
SaaR KaL 11:12 GMT October 1, 2014
Day's Trades
CHFJPY friday 114.9588 114.4153
will short at 115.0103
SaaR KaL 11:07 GMT October 1, 2014
Day's Trades
AUDCAD friday
0.9802 0.9747
could buy that
SaaR KaL 10:59 GMT October 1, 2014
Day's Trades
Gold friday range
1206 1196
i am shorting inside Layer 1214 1207
Let him have guys
GVI Forex 10:58 GMT October 1, 2014
Calendar -- Daily Forex Data News
In the US, the manufacturing ISM index and ADP employment change figures for September are released along with August construction spending. The ISM index has risen strongly since the start of the year in line with the pickup in US activity. However, our global team expect the index to edge downwards from 59.0 in August to 58.9. Following August�s smaller-than-expected payroll gain, which helped persuade the FOMC to maintain its forward guidance, the ADP figures are likely to garner more attention than normal ahead of Friday�s September payrolls data. Finally, monthly construction spending is set to slow a little from last month�s 2-year high of 1.8% m/m.
Lloyds Bank
SaaR KaL 10:51 GMT October 1, 2014
Day's Trades
NDX friday
4079 to 4040
will buy today 4030 for the above range
SaaR KaL 10:48 GMT October 1, 2014
Day's Trades
Interesting pair for friday close range
GBPNZD 2.1009 2.0843
I am Longing from
2.0687
2.0692
for friday
SaaR KaL 10:43 GMT October 1, 2014
Day's Trades
Friday close ranges
EURUSD 1.2596 1.2533
Cable 1.6214 1.6129
USDJPY 110.2953 109.7592
USDCHF 0.9619 0.9566
AUDUSD 0.8735 0.8669
USDCAD 1.1264 1.1200
I would use these as option strikes for Friday expiry
PAR 10:36 GMT October 1, 2014
Draghi helping hedge funds with taxpayers money ?
Reply
Mario Draghi is set to push the ECB to buy junk-rated Greek and Cypriot bank loans, a move that will likely increase tensions between Germany and the bank.
The ECB's executive board will propose that existing requirements on the quality of assets accepted by the central bank be relaxed to allow for the purchase of safer slices of Greek and Cypriot ABS.
Despite Germany's opposition, the country may be outvoted if other eurozone members choose to back it.
Plovdiv Gotin 10:31 GMT October 1, 2014
eurusd
1640/1376 is correct
Plovdiv Gotin 10:27 GMT October 1, 2014
eurusd
With this speed 1.1640/1337 can be seen to the end of 2014, especially when strong sup 1.2617(upside 1.5145, downside 1.2515/1.1875) act like strong res.
GVI Forex john 09:29 GMT October 1, 2014
Current Conditions: Mixed RISK
Reply
Markets have moved into a MIXED RISK posture. Today has seen
generally soft manufacturing PMI data. Additional reports are due later
from the U.S. The
EURUSD is trading lower on the day.
- Yields
in prime Eurozone fixed income
markets are lower. The
10-yr
bund is 0.945%, -0.4% bp. Peripheral bond yields are lower.
- The U.K.10-yr gilt yield is 2.427% -1.3 bp. BOE Gov
Carney has continued to signal a Spring 2015
rate hike.
- U.S.10-yr yield is 2.502%, -0.4bp.The Psychological
focus remains on 2.50%.
- Far East equities were mixed. Hong Kong was closed for a
holiday. Bourses in
Europe are mixed. U.S. shares futures are lower..
The heat map color scheme
of interest rates reflects yields. This aligns all the colors in the
chart to reflect risk-on (green) and risk-off(red).
nw kw 09:21 GMT October 1, 2014
Manufacturing PMI September 2014
However, Sterling disappointed yesterday losing to Greenback due to the current account numbers showing a deficit of �23.1 billion, much higher than expected and GBP/USD currently trades at the 1.62 level. Since Mark Carney has reiterated that interest rate rises will be in small increments for the next two years
nw kw 09:05 GMT October 1, 2014
Manufacturing PMI September 2014
13 hours ago - GDP revisions present UK economy in a more positive light ... a wide-ranging methodological shake-up, the performance of the UK economy now ... Industrial production has continued to fall in the wake of April's sales tax
http://www.oxfordeconomics.com/
GVI Forex john 08:55 GMT October 1, 2014
Manufacturing PMI September 2014
I am not sure what is going on in the U.K. economy with the wide divergence between Manufacturing and the Services PMIs. Ominous pattern?
Tallinn viies 08:23 GMT October 1, 2014
eurusd
Reply
I had 1,18 target for next year. 1,34 in 1Q15 and then down but now after stronger moves during last couple of months would need to think it over. could it be possible we see eur at 1,0000 during next year? wouldnt be suprised
Haifa ac 08:16 GMT October 1, 2014
eurusd
It is not a "game". It is a bear market that will last years.
SaaR KaL 08:14 GMT October 1, 2014
Day's Trades
AUDUSD Shorts
0.8792 0.8743 tgt 0.8689
Tallinn viies 08:09 GMT October 1, 2014
eurusd
Reply
new month and new lows. this has been the game since april.
how low is only question.
SaaR KaL 07:14 GMT October 1, 2014
Day's Trades
EURUSD short Layer
1.2667 1.2633
tgt 1.2559
cable
shorts
1.6272 1.6233 TGT 1.6136
PAR 06:52 GMT October 1, 2014
European Defalation - Russia
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European sanctions against Russia put so much pressure in Agricultural prices and on other products that this lead to lower prices . Instead of reducing production Europ is giving subsidies to farmers and other industies to keep production going .
To beat deflation it would be better to stop subsidies than to lower interest rates.
SaaR KaL 02:35 GMT October 1, 2014
Day's Trades
CHFJPY shorts
115.3534 115.0945
tgt 114.4092
SaaR KaL 02:16 GMT October 1, 2014
Day's Trades
Closing AUDUSD shorts
Longing AUDNZD
1.1187 1.1131
TGT 1.1373
GVI Forec 00:02 GMT October 1, 2014
Japan
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MNI: BOJ SEP TANKAN LARGE MFG INDEX +13; JUNE +12; MNI MEDIAN +10
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