GVI Forex Jay Meisler 23:43 GMT October 21, 2014
EXCLUSIVE: How to Become a Better Trader Guide
Reply
I have gotten tired of hearing how many forex traders lose money and decided to do something about it. While there are no guarantees of success in the forex trading business, I have created this guide in the hope it will make you a better trader. My goal is for you to come away with insights that you can apply to your everyday trading. Traders of all levels of experience can benefit from this free report in your journey to become a better forex trader.
EXCLUSIVE: How to Become a Better Trader Guide
dc CB 23:20 GMT October 21, 2014
Ebola in the USA
yeh dude, tomorrow's my first day at work. I should dial back a bit. Hey man, thanks for the Job and really really, thanks for giving me time to to chill before the Big Woop.
Feel Safe?
"White House spokesman Eric Schultz confirmed that Klain, who starts work Wednesday, would take home a paycheck, but he said the amount would only be revealed in the annual disclosure of White House staff salaries.
Klain was spotted at the White House over the weekend and has met with chief of staff Denis McDonough and other senior administration officials, Schultz said. But Klain was not part of an all-hands meeting on Saturday night and will not testify at a House Oversight Committee hearing on the Ebola crisis Wednesday.
CZAR: To defend and protect
GVI Forex john 22:35 GMT October 21, 2014
BREAKING NEWS
October 21, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, October 22.
Updated: Trading News Events Calendar
HIGH IMPACT NEWS: AU- CPI, GB- BOE Minutes, US- CPI, CA- Retail Sales, BOC Decision
- Far East: AU- CPI
- Europe: GB- BOE Minutes
- North America: US- Weekly Mortgages, CPI, Weekly Crude. CA- Retail Sales, BOC Decision
NY JM 22:13 GMT October 21, 2014
USDJPY
Nice catch up in USDJPY and good alert here to its lag
dc CB 21:53 GMT October 21, 2014
Fear?
JP
the risk is wide, due to the angle of the ramp. Everyone one of the downside targets got hit...looking at the -23% as targets.
that said, will not be looking to short for now..flat. Margin for a single Emini is over 5 grand on my platform... so those without need not apply.
see this ZH... never happened before. Command And Control. Swing it if you've got the jingle in-yo-pocket. Playhouse for Da Big Boys (dose dat use otha peoples money)
All the NYFED traders who got the job, when asked the question, "how big a risk would you take", answered: "it's not MY money...so, the point is To WIN as ordered."
++++++++++++++++++++++++++++++++++++++++++
Never, in the history of VIX - the so-called 'fear-index' - has this ever happened before...
The last 3 days have seen VIX drop 12.74%, 15.55%, and 13.4% today... VIX has NEVER dropped more than 10% for 3 days in a row ever
VIX Has Never Done This Before... Ever
Mtl JP 21:32 GMT October 21, 2014
Fear?
CB 21:21 it is been a breathless up-hill:
it blew N of 20ma to stop just under the 100ma at 1942.97
your target coincides with 1 StdD off the 20ma 1976.47
what odds u give it ?
GVI Forex john 21:27 GMT October 21, 2014
BREAKING NEWS
Weekly
Trading Planner Top Items (GMT):
WEDNESDAY
01:30 AU
CPI -- RBA
target
08:30 GB BOE Minutes-- key part of policy
12:30 CA
Retail
Sales-- key demand measure
12:30 US
CPI
-- Fed targets inflation
14:00 CA BOC
Rates+MPR
-- policy seen steady
23:45 NZ 3Q CPI RBNZ-- targets inflation
THURSDAY
01:45 CN
HSBC
flash PM-- universal economic survey
07:28 DE
MFG
PMI flash-- universal economic survey
07:28 DE
SVC
PMI flash -- universal economic survey
07:58 EZ
flash MFG PMI -- universal economic survey
07:58 EZ
flash SVC PMI -- universal economic survey
08:30 GB Ret Sls --key demand measures
12:30 US
Initial
Claims--freshest jobs data
13:45 US
Mfg
MKt PMI flash-- universal economic survey
FRIDAY
08:30 GB GDP-- broadest measure of economy
14:00 US
New
Homes Sales-- housing measure
Mtl JP 21:23 GMT October 21, 2014
eurusd
viies 21:18 I am short gbpusd for low 1.60.. target on similar to yours euro expectation.
Hope we ll be both right
dc CB 21:21 GMT October 21, 2014
Fear?
so it broke and closed above, by a tad.
since the Emini is the trade of choice for the after hours ramps---see today's charts if you doubt it---then it's worth taking note of the next target - 1969-1970.
Emini
Tallinn viies 21:18 GMT October 21, 2014
eurusd
Reply
as euro closed at the lows of the day. Im not buyer today.
trying to sell on upticks. first near 1,2780.
first downside target 1,2680. then 1,2645 and 1,2605.
all possible within next 24 hours by my logic
Mtl JP 21:13 GMT October 21, 2014
Fear?
nh 20:35 re SnP : despite valiant effort for downtrend to definitely reverse probably need to see solid priceaction above the 76% level
see chart
Mtl JP 20:54 GMT October 21, 2014
Fear?
nh 5% price increase with a decrease in energy costs = bright(er) future profits. What could go wrong ?
Paris ib 20:40 GMT October 21, 2014
AUD
Any details on that report? Seems a little strange to me that the Chinese would announce tariffs and then drop them days later. Any further information or is it just a headline?
World steel growth
GVI Forex john 20:36 GMT October 21, 2014
BREAKING NEWS
Weekly US API DatA
NEWS ALERT
(Estimates and Previous data for EIA Survey)
Crude Oil: +1.200 vs. +3.0000 exp vs. +8.900 prev.
Gasoline: -0.500 vs. -1.500 exp vs. -4.000 prev.
Distillates: -0.800 vs. -1.500 exp vs. -1.520 prev.
Cap/Util: 88.70% vs. N/A exp vs. 88.10% prev.
TTN: Live News Special Offer
Livingston nh 20:35 GMT October 21, 2014
Fear?
waited all day for the 30 yr treasury to move above 3% and 10 above 2 1/4% - expected SPX to back off to at least 1915 // bought puts late for CPI tomorrow (sometimes you have to eat your own cooking) - there is price pressure in the service sector, e.g., even w/ fuel down --
'UPS has announced plans to match rival FedEx in implementing a 4.9% price increase for its 2015 rates in North America....
The price changes will take effect from December 29, 2014."
it's only 5% and it will be better service no doubt
sd sf 20:19 GMT October 21, 2014
Morning
Asia made good money selling $yen yesterday - so I don't think they will chase the top today .. but rather be happy to offer any rally.
what we have tended to do - is bid the morning - sell the afternoon .. so that's why I doubt it goes too much above 10.
also this ABE Govt stuff is ongoing.
EUR + GBP obviously have the market off-guard - I doubt we break the lows here -- but in Europe things could be a lot different.
Anyway we have AUD CPI .. see what happens there .. GT.
london red 20:12 GMT October 21, 2014
Morning
useful stuff sf, thanks. still holding onto my long usdjpy, tp hopefully abv 200 hour ma, cut under 77. was hoping for some 10yr slippage, its drifted to lows for session but not yet below black wed low (decs 127,24). for the yen to take off, think it needs to move below there and id say we'd test that past high in the low 126's. im not convinced we are ready to move higher as in reassert the main dollar uptrend, but long this pair seemed to make sense when risk on was the order of the afternoon.
cable. hearing some bullish positions into tomorrow. im not convinced. retail sales on thursday, again not convinced. footfall down in sept, big supermarkets again discounting further. its a tough ask although volumes are going to be healthy for sales if ultimately headlines disappoint.
euro. trendline tomorrow moves up to 2703 fib 2689 prev breakout 86. stop position is the tough one as below those levels you'd want to be selling into 2640/45 test with 2570 coming into view. and im not sure there will be much of a pullback initially if the supports go.
dc CB 20:12 GMT October 21, 2014
100% wrong. That means you too.
Bof A, Citi, etc,etc etc
were all calling it a Bubble and Advised their "gold/platinum" nudge nudge, wink wink, clients to SELL SELL SELL.
GS, two days before Wed...advised Sell the 3 year SELL SELL SELL
And NO, it's not rigged. And NO, there is no PPT. etc etc etc
_________________________________________________________
Confuze Wit Da News
"Wall Street�s main regulator on Monday stepped up his campaign to improve the ethical culture of large banks."
___________________________
yeh like the EX-Chief economist of GS, working for the NYFED, the Board of Directors of the NYFED just happen to consist of Da very Banks that Mr. Dudley is railing about (Oh yeh Da Board is gonna go along wid Da break-up) DOH
Theater - or as da hoi poli sez...thea-ater.
"We jus' eat dis stuff up" (The Editorial Board of The Times)
Regulator Tells Banks to Clean Up Bad Behavior or Face Downsizing
sd sf 19:47 GMT October 21, 2014
Morning
Reply
EUR - range strategies were playing that 80-30 after the top was made .. when broke 70 b/o strategies sold @68 and now they bid 16-17-18
in Asia I would expect 10-40 .. when Europe comes in all bets would be off.
GBP - range bots bidding 15-16-17 - expecting 10-40 in Asia as well .. after that all bets off.
YEN - no orders at the moment but from overnight trading - I'd imagine we will be a seller @10 .. for Asia 60-10 65-00 ... if goes under 60 then 80 is the top.
Mtl JP 19:34 GMT October 21, 2014
100% wrong. That means you too.
Reply
April 22, 2014 - 100% of economists think yields will rise within six months
a survey of 67 economists this (Apri) month shows every single one of them expects the 10-year Treasury 10_YEAR yield to rise in the next six months.
The survey, which is done each month by Bloomberg, has been notably bearish for some time now, with nearly everyone expecting rising rates. In March, 97% expected rising rates. In February, 95% expected yields to climb. And in January, 97% held that expectation. Since the beginning of 2009, there have only been a handful of instances where less than 50% expected rates to rise. .../..
--
Maybe some more vertical line charts days ahead.
london red 19:34 GMT October 21, 2014
Fear?
today probably close at 45 then they can do 75, thats a tougher cookie to do without a pullback. as i said earlier us stock bull cannot be dismissed and knocks up gains lightning fast. bonds still have qe4 on their minds. as fed meeting often was a disappointment for hawks this year, think doves are going to be disappointed this time. that is, fed sticks to it usually dovish as to dat path. no more no less.
dc CB 19:26 GMT October 21, 2014
Fear?
Emini Chart
dc CB 19:23 GMT October 21, 2014
Fear?
target 1937 -38
sig break and sustain above. switched to BTFD back to the 50% line. Also reverses the Fibs, 1813 becomes the start for the Upmove
Emini
GVI Forex john 19:11 GMT October 21, 2014
AUD
Reply
Report China dropping coal tariffs vs. Australia following Trade agreement.
Source: TradeTheNews.com
This should be AUD positive.
london red 18:44 GMT October 21, 2014
USDJPY
JM, watching and waiting all afternoon for this one to get going. slightest of inverse shs intraday, maybe asia can pick up the ball on this one. under 60 all bets off.
Livingston nh 18:38 GMT October 21, 2014
eurusd
From the "Never believe a rumor until it's officially denied" FILE -- Rumor of Corp bond buying to be on ECB agenda
It appears a reasonable possibility
FT Alphaville:
But we recently learned, via Nordea�s Aurelija Augulyte, of an odd peculiarity within the European financial system that could justify the rumoured move, buried in a footnote of an ECB working paper that came out last April:
"Improved funding conditions for large corporations can also benefit small and medium-sized enterprises indirectly, in particular through two forms of financing within the corporate sector itself: intra-sector loans and trade credits. These represented 40% of the unconsolidated debt of non-financial corporations in the euro area (which itself amounted to �13 trillion in 2011), a share similar to that of bank lending."
In other words, big companies in the euro area often act like banks to smaller companies. Since actual European banks seem either unable or unwilling to boost credit to small and medium enterprises because they are insufficiently capitalised, the ECB may be gambling that non-financial corporations can fill in the gap by borrowing ultra-cheaply in the capital markets and then lending the money onward for a modest return to the real economy. (For what it�s worth, Japanese conglomerates have a history of doing the same thing on a large scale, and it didn�t end well.)
LINK
The link to ECB paper (PDF) is in the article
NY JM 18:38 GMT October 21, 2014
USDJPY
USDJPY finally woke up to a risk on day
dc CB 18:11 GMT October 21, 2014
Fear?
Reply
Wot hoppen'd to Da (engineered) Fear
Oh the Humanity. Oh the premiums.
Paris ib 17:35 GMT October 21, 2014
The Gartman Fade
Zerohedge need a mirror. They have been the most committed doom and gloomers out there... for years.
dc CB 17:33 GMT October 21, 2014
The Gartman Fade
Reply
October 16: "Buyers beware, the bear market has begun":
http://www.zerohedge.com/news/2014-10-21/why-stocks-are-soaring
DOH
GVI Forex Blog 17:21 GMT October 21, 2014
Reply
October 21, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, October 22. Updated: Trading News Events Calendar
HIGH IMPACT NEWS: AU- CPI, GB- BOE Minutes, US- CPI, CA- Retail Sales, BOC Decision
GVI Forex Data Outlook for October 22, 2014
GVI Forex john 16:46 GMT October 21, 2014
BREAKING NEWS
October 21, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, October 22.
Updated: Trading News Events Calendar
HIGH IMPACT NEWS: AU- CPI, GB- BOE Minutes, US- CPI, CA- Retail Sales, BOC Decision
- Far East: AU- CPI
- Europe: GB- BOE Minutes
- North America: US- Weekly Mortgages, CPI, Weekly Crude. CA- Retail Sales, BOC Decision
GVI Forex Jay Meisler 16:38 GMT October 21, 2014
Day's Trades
It has been more of a sell EUR than buy USD day.
Perhaps it is expectations of a flat CPI tomorrow and a dovish Fed next week? Whatever the case, USD is mixed. USDJPY is the confusing one and living up to its devil reputation.
By the way EURUSD has yet to test its trendline or 20 day mva.
SaaR KaL 16:30 GMT October 21, 2014
Day's Trades
cable shorts from 1.6260 area tgt < 1.6060
for next week
Although I am bullish in general
SaaR KaL 16:23 GMT October 21, 2014
Day's Trades
Longing EURJPY Here 135.7ish
Tgt > 136.6
SaaR KaL 16:11 GMT October 21, 2014
Day's Trades
will long cable
from 1.6130 to 1.6120
tgt 1.6170 ish
Paris ib 16:01 GMT October 21, 2014
USDJPY
Good question. The Japanese have been less keen on the weak JPY recently, but that can't explain it. Interesting times.
PAR 15:59 GMT October 21, 2014
Global Markets News
JoeSixpack stops buying Coca Cola and stops going to Mcdonalds . He just keeps buying a few beers .
GVI Forex john 15:57 GMT October 21, 2014
CURRENT CONDITIONS: Risk-On
Reply
15:35 GMT- Current Market Conditions:
Late in European trade, equity markets have extended their early rally
into the close. They generally are in a RISK-ON posture. Equities
in Far East trade ended mixed. European bourses are broadly
higher. U.S.
shares are up.
U.S. 10-yr yields are higher. 10-yr
yields in bunds and gilts are roughly steady.
Peripheral bond yields are lower, Volatile Greek
yields are down.
The
heat map color scheme
of interest rates reflects yields.
dc CB 15:53 GMT October 21, 2014
Global Markets News
Having confirmed that RBS, UBS, JPMorgan,,and Credit Suisse operated a cartell to manipulate bid-ask spreads of Swiss Franc libor, the European Commission has unleashed unmerciless vengeance on these law-breaking institutions:
JPMorgan fined EUR 72.2 Million, UBS fined EUR 12.7 Million, Credit Suisse fined EUR 9.17 Million, & RBS Nothing (for whistle-blowing).
The commission found that these four entities 'influenced' interest rate derivatives prices between March 2008 and July 2009 - probably the most volatile and price-sensitive period of American financial history.. and they get fined "an hour's pay?"
Europe Demands Banks Hand Over Their Lunch Money Following Swiss Franc Libor Rigging
Miami JN 15:51 GMT October 21, 2014
USDJPY
Reply
Can anyone explain why usdjpy is not higher with stocks in rally mode?
Dillon AL 15:51 GMT October 21, 2014
Looking Ahead
that would also be a .382 of the most recent micro leg
Tallinn viies 15:49 GMT October 21, 2014
eurusd
Reply
order to buy euros at 1,2712 and add at 1,2682.
stop at 1,2647.
target 1,2885
PAR 15:46 GMT October 21, 2014
ECB - BlackRock
Reply
Will there be any transparency when the ECB reports on its bond buying . Which bonds , what size, at what price and from which counterparties . How much it paid blackrock , how much it paid to brokers ?
Paris ib 15:36 GMT October 21, 2014
Where's Ginko?
Mind you I guess he's tempted to fund yet another colour revolution somewhere sensitive to try to tip things over..... the forces of darkness never give up. :-)
Paris ib 15:34 GMT October 21, 2014
Where's Ginko?
IMVHO the Ginko stock market rally doesn't end until Soros is forced to close his position. FWIW.
SaaR KaL 15:01 GMT October 21, 2014
Day's Trades
Gold
although I am bullish in general
Shorts 1253 is ok today IMO
London Chris 14:57 GMT October 21, 2014
Day's Trades
Kal, you should be a science fiction writer. I will take the other side of that wager.
SaaR KaL 14:22 GMT October 21, 2014
Day's Trades
Reply
EURUSD could be heading back to 1.2820 today from here
GVI Forex john 14:21 GMT October 21, 2014
U.S. Elections - Market Implications?
This election is a set up for 2016. The day after the election Obama will be a lame duck. I don't think the market reacts strongly to the vote, although a strong Republican outcome could give the USD a temporary lift.
GVI Forex john 14:16 GMT October 21, 2014
BREAKING NEWS
PAR- frankly I don't know why Bullard made those comments. All I know is that the Fed has a dysfunctional communications system. I don't pay much attention to most of what they say, except Yellen, Dudley or Stanley Fischer. The rest of them are speaking for themselves.
GVI Forex john 14:07 GMT October 21, 2014
BREAKING NEWS
Existing Homes Sales is by far the most significant housing statistic. Data were better than expected.
PAR 14:03 GMT October 21, 2014
BREAKING NEWS
Good numbers . Will James Bullard change his opinion on QE4 ? CanCNBC interview him ?
Paris ib 14:01 GMT October 21, 2014
U.S. Elections - Market Implications?
Thanks John. I had the vague impression that the 'halt' had already taken place. The FED is still doing stuff. So is the military. But other than that I didn't get the impression there was a lot happening. Maybe I am missing something.
london red 13:59 GMT October 21, 2014
eurusd
Jay its all down to your provider. my couple are showing 32 and 34.
PAR 13:58 GMT October 21, 2014
Draghi - How to spend it
Reply
FXStreet (Ł�dź) - Jim Reid, Head of Global Fundamental Credit Strategy at Deutsche Bank, comments on ECB's launching of its covered bond-purchase program on Monday.
Key quotes
"Yesterday saw the ECB begin their purchases of covered bonds in the market. We will get their updated balance sheet numbers every Monday afternoon (starting next week) where we'll get a good idea how successful they are going to be at getting close to their soft target for the balance sheet."
"So every Monday's release will now be important in this regard but for now we had some early indications from the FT which suggested that the ECB purchases included Spanish, German and French issues."
"These purchases weren't enough to stabilise peripheral debt as Italian, Spanish and Portuguese 10Y yields rose +10bps, +9bps and +18bps respectively whilst German and US 10Y yields both fell slightly, by -1bp and -5bps respectively."
GVI Forex john 13:58 GMT October 21, 2014
U.S. Elections - Market Implications?
In general. Republicans are seen increasing their majority in the House and they have a decent shot at taking control of the Senate, but that is by no means certain.
I'm not certain how the markets would react to a new government. One problem we have in the U.S. is that either party can grind everything to a halt because of the rules BOTH parties have put into place. Election is to weeks from today.
london red 13:57 GMT October 21, 2014
eurusd
just on a side note which may affect euro. eurgbp prev low at 7874 and 61.8 at 7873. below there the cross looks bearish but i am hopeful the test will clash with 12700/86 test in euro.
GVI Forex Jay Meisler 13:56 GMT October 21, 2014
U.S. Elections - Market Implications?
Republicans are widely expected to gain in the mid-terms and may even take the Senate. I have no idea why as they are as hopeless and clueless as the Democrats. This would insure 2 more years of gridlock and solidify Obama as a lame duck. Should not impact markets as Congress is seen as inept no matter who is in charge.
Paris ib 13:47 GMT October 21, 2014
U.S. Elections - Market Implications?
Correction: not looked into at all. I've just seen headlines flitting by. But have no clue how significant an event this is (albeit assuming S and P will benefit).
Livingston nh 13:47 GMT October 21, 2014
eurusd
Since the beginning of Sept the markets, except commods, have not been guided by facts on the ground but hearsay - Fed "dots" mean something then not, Minutes, ECB implication of purchases or not, plus the distortions of negative rates that are poking through, and finally the Great Unconfirmed Global Growth Slowdown
Nervous markets get whipsawed by the slightest breeze - nothing has really changed in the past two months except prices
Paris ib 13:46 GMT October 21, 2014
U.S. Elections - Market Implications?
Reply
I've heard (though looked into at all) that the Democrats are unlikely to do well in the mid term elections. What's the deal with this? Should we care or just ignore the entire event?
GVI Forex Jay Meisler 13:43 GMT October 21, 2014
eurusd
We show the 10 day mva at 1.2721
PAR 13:42 GMT October 21, 2014
BREAKING NEWS
Buy the dip in EURUSD . Buy any dip in the stock market .
GVI Forex Jay Meisler 13:42 GMT October 21, 2014
eurusd
I have found newswires like to make up news by getting quotes from finance and monetary officials and then reporting it as news.
Then you have monetary officials trying to promote their own agendas using newswires.
I would not be surprised if it was a French official tossing out the trial balloon and a German official using the FT to push against it.
london red 13:40 GMT October 21, 2014
eurusd
quite a good bounce off 10 day at 35 but hampered at 47 and no higher intraday high yet. so thats the band to watch. potential inverse shs with 47 neck if we can get down to 40 and up. might decide the 35/47 conundrum.
Mtl JP 13:38 GMT October 21, 2014
BREAKING NEWS
Draghi is like my wife. I love my wife. Therefore I love Draghi.
Paris ib 13:37 GMT October 21, 2014
eurusd
JM - whatever. Why do you think Reuters produced this spurious headline? It's obviously complete rubbish. And what's more it's OLD rubbish. Certain elements of the Anglo-Saxon press have been flashing this headline for YEARS, that is for the past five or so. Why do that in your opinion?
NY JM 13:37 GMT October 21, 2014
BREAKING NEWS
So PAR are you bearish EUR?
PAR 13:36 GMT October 21, 2014
BREAKING NEWS
If Draghi is not buying corporate bonds , than he will buy something else . Sovereign bonds , italian municipalities ,notes issued by Montei Paschi or Spirito Santo etc . But buying he will .
He is like my wife , if she does not find the right shoes ,she buys a purse.
NY JM 13:32 GMT October 21, 2014
eurusd
ib, that assumes a conspiracy theory.
ECB is looking for anything other than outright QE.
Paris ib 13:11 GMT October 21, 2014
eurusd
JM - presuming there was intent behind the headline then the aim was to get the EUR lower. Given the news was clearly false I think it's fair to assume intent.
Paris ib 12:45 GMT October 21, 2014
Where's Ginko?
The Ginko rally is alive and well. Certain elements are still waiting for (and actively working for?) the end of the world (Mr. Soros take a bow). But the odds don't add up. A rally into FOMC and then post FOMC into the November 4 U.S. elections would leave us pretty close to year end and the potential for a 'Christmas Rally'. While people over at ZeroHedge (anonymous and potentially on the Soros payroll?) relentlessly push the stock market bear case it looks like odds on we could get a rally which would leave some people flat footed.
The Big Put
GVI Forex john 12:39 GMT October 21, 2014
PIVOT POINTS: Trading System
EUR PIVOT POINTS
Entry: Target: Stop:
1.2784 post FT headline high.
1.2786 pivot
Its interesting that the reaction to news is often not symmetrical. In other words we have not returned back to where we were before the initial unsourced story about the ECB to buy corporate bonds appeared.
My best guess is that stops are now to building above the pivot
(1.2786).
london red 12:33 GMT October 21, 2014
BREAKING NEWS
s&p. a little earlier futs were indicating the index opening at 50% of recent fall. now a little lower although abv the 200 day ma today at 1909. the close will be interesting. if market is to fall further, often the do a bull trap at this average, sucking in longs only to sell off towards the close and finish under the average. but i dont dismiss the us stock bulls and a close abv the 200 day day have us at 1945 and 1975 lightning fast.
london red 12:23 GMT October 21, 2014
BREAKING NEWS
just covered here. sit aside for now. its a bit quick down to the 50, may bounce ahead of the 47 support.
london red 12:12 GMT October 21, 2014
BREAKING NEWS
got patches of the upside but have used the opportunity to resell. 5 day ema at 65 below here focus on 47 again while topside remains 90(88) thru there required to bring on 12806 test. by that time it might have a bid feel and thru 06 brings on test of high. but for now picture is different.
GVI Forex john 12:03 GMT October 21, 2014
BREAKING NEWS
The initial story was always doubtful.
GVI Forex john 12:01 GMT October 21, 2014
BREAKING NEWS
FT- Corporate bond buying not on the table at ECB. EURUSD rebounds.
london red 11:57 GMT October 21, 2014
eurusd
some time has passed since the recent low at 1.25 so a lot of spec accts are going to be long but i think its a case of bailing first, asking questions later. euroland is threatening an official return to recession and is fighting the onset of deflation and the ecb because of this is the most dovish of central banks, japan excepted. compare that to whats happening in the states. i dont think anyone has called the bottom here, they are just doing their jobs and trading the move higher while it lasts, hence the nerves when anything remotely involving qe or abs is mentioned.
NY JM 11:44 GMT October 21, 2014
eurusd
ib, looking at the price action, the ECB headline caught the market long EURUSD
london red 11:40 GMT October 21, 2014
eurusd
ditto from me. going years back now when times were tough, learnt the most from bc and Athens.
GVI Forex Jay Meisler 11:40 GMT October 21, 2014
Global-View Forums
Reply
We don't get much feedback but I want to give some. I find our forums, even after all these years, still amazing and I find it hard to trade without them.
Take today as an example. I woke up around 5:30 AM, saw the EURUSD had fallen, looked at the Forex Forum and found the catalyst right away. Bulletin board forums are not designed for breaking news and why I find ours the best. Then there are those posting levels and trade ideas that completed the picture and gave me a head start on the day.
Our vision from the start was to create a global trading room, modeled after an old time bank dealing room, and in this regard we have done a good job. We would like to see more people posting rather than sitting in the background (hint!) as everyone has something to contribute.
And as a favor... how about using social media to spread the word about Global-View!!!
LJ BK 11:35 GMT October 21, 2014
eurusd
BC, nice to see you back. So you haven't left the table yet. I hope you're still able to clean it. Looking forward to your contribution here again.
Paris ib 11:31 GMT October 21, 2014
eurusd
bc - it's pretty certain this is merely a headline, probably in aid of EUR short sellers. The U.S. Went for QE boots n all, so far the ECB has been extremely cautious on this issue and I can see no reason why that is likely to change.
Riga 11:23 GMT October 21, 2014
eurusd
Tallin if you didn't catch stop you are good....:-)
shanghai bc 11:13 GMT October 21, 2014
eurusd
Buying corporate bonds of major firms may do more help to the EU economy than buying useless government bonds..Chinese way of central bank helping the real economy..Money goes directly to the major firms..More effective that way..
shanghai bc 11:07 GMT October 21, 2014
mkt
Thanks,AB..very much impressed by the professional standard of the Forum..Much has been improved on Forum while I left the Forum for a few years on public duty..
GVI Forex 10:47 GMT October 21, 2014
PIVOT POINTS: Trading System
Yesterday USDJPY high was dead on at R2 =107.39
Today EURISD high was 1 pip below R1 = 1.2839
S1 =1.2754
S2 = 1.2701 (20 day mva = 1.2702)
PAR 10:30 GMT October 21, 2014
Detroit
Reply
UN Experts: Detroit Should Restore Water to Poor
DETROIT � Oct 20, 2014, 6:28 PM ET
By JEFF KAROUB Associated Press
United Nations human rights experts described Detroit's mass water shut-offs as "a man-made perfect storm" Monday and called on city officials to restore water to those unable to pay, including those with disabilities or chronic illnesses.
Meanwhile, Detroit's officials said the two lawyers' actions and conclusions were agenda-driven and not based on "facts" about the city's progress in helping residents keep or regain service.
Leilani Farha and Catarina de Albuquerque, who were in town to observe the effect of water service shut-offs, said they affect the poorest and most vulnerable � and particularly discriminate against Detroit's majority black population.
london red 10:29 GMT October 21, 2014
PIVOT POINTS: Trading System
downside targets while we remain under 88 are 47 35 then 12700 90 86. will be looking to buy 127 down with stop under 80
PAR 10:22 GMT October 21, 2014
eurusd
FXStreet (Ł�dź) - Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ observes that EUR/USD continues to climb after bouncing off support at the 1.2500 at the beginning of October.
Key Quotes
"Euro selling pressures have eased in the near-term alongside dampened expectations for monetary tightening from the BoE and Fed which has helped narrow expectations for monetary policy divergence with the ECB in the year ahead The ECB has already committed to a �sizeable� expansion of its balance sheet through TLTROs and private asset purchases."
"The ECB confirmed that it began purchasing covered bonds yesterday and will reveal how much it purchased every Monday afternoon. The purchases of ABS are expected to begin later this year. Still with downside risks to inflation and growth in the euro-zone continuing to build, the ECB remains under pressure to deliver further easing which if delivered could trigger renewed euro weakness."
"French and German finance and economy ministers also pledged yesterday to help support economic growth in the euro-zone through boosting investment."
"German Economy Minister Gabriel stated that Germany was developing plans to help raise the share of investment as a % of GDP from 17% to 20% by promoting private investment which would bring it into line with the average for OECD members."
"French Finance Minister Sapin stated that each euro-zone member state must spell out by the end of year how it plans to boost investment with more specific proposals expected to be presented by early in December."
hk ab 10:04 GMT October 21, 2014
mkt
Reply
bc great call in work again. Short above 1250
Paris ib 09:52 GMT October 21, 2014
eurusd
This kind of reporting has a bit of a history.... if you look it up these 'sources' have been making these suggestions since 2009.
"The European Central Bank could start buying corporate bonds"
2009 Wall St Journal Article
Paris ib 09:42 GMT October 21, 2014
eurusd
'Sources' not named. ECB spokesman apparently denied that a decision has been made. Still the picked their moment. Quiet market.... into lunch time.
Paris ib 09:38 GMT October 21, 2014
eurusd
Reuters headline that the ECB is considering buying corporate bonds caused the dip. It remains to be seen how accurate the information behind the headline is.
PAR 09:38 GMT October 21, 2014
eurusd
ECB to buy corporate bonds ,especially peripheral .
sd sf 09:33 GMT October 21, 2014
eurusd
EUR - its just closing its shorts @84-5
see how things look in Asia in the morning .. GT
GVI Forex john 09:22 GMT October 21, 2014
CURRENT CONDITIONS: Risk-On
Reply
09:15 GMT-
Current Market Conditions:
Early in European trade, equity markets have shifted to a consolidation
or a RISK-ON posture depending on how the session pans out over the
day
Usually, n the end, U.S. indices set the global tone for equities.
Equities
in Far East trade ended mixed. European bourses are broadly
higher. U.S.
share futures are up modestly at this hour.
U.S. 10-yr yields are down. 10-yr
yields in the
bund and gilt are roughly steady.
Peripheral bond yields are up, Volatile Greek
yields are higher.
The
heat map color scheme
of interest rates reflects yields.
sd sf 09:07 GMT October 21, 2014
Day's Trades
GBPUSD wise - GBPYEN should have resistance @50-60 which was tough level to break before eventually touching 173.00
so I guess for now 70-80 will be offered in GBPUSD
this type of stuff depends alot on how the US Session Starts - as they throw alot of our trading out the window at times.
Tallinn viies 08:59 GMT October 21, 2014
eurusd
Reply
covered my short euro at1,2811 with 17 pips loss.
GVI Forex john 08:57 GMT October 21, 2014
BREAKING NEWS
EARLIER: China GDP slows less than expected to +7.3% yy.
London London 08:56 GMT October 21, 2014
New signal
Reply
Sell OTHER
Entry: Target: Stop:
New Signal: Sell NZD/USD @ 0.79867. at 2014.10.21
S.L - 55
T.P + 55
Visit us for 8 days free trial
forex signals
SaaR KaL 08:24 GMT October 21, 2014
Day's Trades
Gold
I would not be surprised if they are not shorting it here
tgt 1220
You guys think?
SaaR KaL 08:13 GMT October 21, 2014
Day's Trades
Cable most likely to lower then 1.6040 from here
sd sf 08:10 GMT October 21, 2014
eurusd
one of my best Auto Strategies gone short @28 - another failure around here ? .. we will see in a couple hours.
SaaR KaL 08:09 GMT October 21, 2014
Day's Trades
I doubt EURUSD goes above 1.2890 ??
SaaR KaL 08:01 GMT October 21, 2014
Day's Trades
Yes Red/
I am shorting around 107ish... and I see that 75 TGT very clear
IMO you guys should look at USDCAD ...it is in middle of of turn
Normally Pairs Slow Down...it is doing it
I doubt it will make another High
USDCHF will short again above .9520
AUDUSD Long below 0.8750 tgt .9300
NZDUSD Longs Below 0.7860 tgt 0.85
london red 07:41 GMT October 21, 2014
Day's Trades
yen. looking for downside reaction at 64 and 77. while those cap, downside likely. if not, its 10750 and inverse shs time up there.
SaaR KaL 07:25 GMT October 21, 2014
Day's Trades
Reply
Cover all EURUSD Longs
relong around 1.270 area if seen
it wants 1.38 +
cable relong below 1.6100 area
BTW Gold wants 1400 +.. Maybe even 1500
Buying with dips near 1220 is a good idea
sd sf 07:25 GMT October 21, 2014
eurusd
Gold is above 1250 -- so if there is a time for a weak USD - it is now .. but it needs to get moving to keep people interested FX wise.
london red 07:19 GMT October 21, 2014
eurusd
we've got a long wick on the hourly but they're trying to negate that with another rally attempt. if we dont get a double wick here then its likely we'll do the overhead res. if we finish the hour at or below 10 (06) as you say, then downside is going to be explored.
sd sf 07:05 GMT October 21, 2014
eurusd
if it is going to test 1.2870-80 then it would need to hold above 1.2810 as if it goes under there then -> the offers would come back pretty heavy @30-35.
london red 06:37 GMT October 21, 2014
eurusd
fkiwi needs to make the 23.6 of 88/77 its own at 7974. a close abv there required to open up the topside this week.
euro. china gdp enable it to move higher allowing little pullback and so europe generally follows thru until it hits res. i have 59 and 87. once its up there i would chase it too much as the next pullback is never far behind. that said i do expect one last move into 1.29 at some point, with the high somewhere between 12965 and 13017. anything above there would suggest a move drawn out correction but it is not my base view as that would require fed to move away from current path.
sd sf 06:35 GMT October 21, 2014
$yen
Reply
apparently some corruption scandal involving some ministers of Abe's Govt - raising some doubts affecting Nikkei etc.. keeping $yen offered more than it would normally.
sd sf 04:03 GMT October 21, 2014
eurusd
$yen got down to here ... the range seems to be in 20 pt increments.
37/57/77
personally don't feel so negative on it now its down here - but if stock markets don't go along later then obviously further fall to 106.17 couldn't be ruled out.
GBP - just got offers coming in now @75 76 77
NZD is the one to watch this is right on the highs we have seen for some time @85-90
Hong Kong AceTrader 02:57 GMT October 21, 2014
AceTrader Oct 21: Intra-Day News and Views (USD/JPY AUD/USD)
Reply
Intra-Day Market Moving News and Views
21 Oct 2014 01:30GMT
USD/JPY - 106.78.. In total stark contrast to yesterday's biddish tone in Tokyo session, dlr remains under pressure in Tokyo morning as renewed weakness in global stocks on Mon pushed the Nikkei in the red (N225 index currently down 92 points at 15019 after yesterday's spectacular 578-points rally to 15111, being the strongest rise in over a year).
Light stops were tripped after dlr met renewed selling at 107.01 n briefly penetrated NY low of 106.79 to 106.70. The lack of a recovery suggests intra-day downside bias remains for a correction of y'day's rally from a 5-week low of 105.20.
Traders cited broad-based yen buying on risk aversion due to the upcoming China GDP as street forecast is looking for Q3 annual growth to slow down to 7.2% vs prev. reading of 7.5%.
So short-term specs are buying yen/selling dlr ahead of the downbeat China GDP.
Offers are noted at 107.00/10 n more abv with minor bids at 106.70, stops below 106.60-50 are now in focus.
21 Oct 2014
AUD/USD - .......RBA meeting minutes:
'most prudent course likely to be a period of stability for rates;
despite recent fall, a$ remained high by historical standards;
in recent months there had been a further pick up in lending to housing investors;
members discussed importance for banks to maintain strong lending standards;
range of indicators suggested labour market was subdued but had stabilised somewhat this year;
forward-looking indicators pointed to modest employment growth ahead; wage growth to remain relatively slow near term, help contain inflation even with A$ lower;
historically slow wage growth consistent with spare capacity in labour market;
more timely indicators suggested moderate growth overall had continued into Q3;
consumption was likely to be supported by ongoing strength in housing; members observed most Australian iron ore production remained profitable following price fall;
members were briefed that Chinese authorities had scope to ease policy if needed to support growth.'
Syd 02:01 GMT October 21, 2014
china
Reply
China 3Q GDP +7.3% On Year; Market Expected +7.2%
tokyo ginko 01:37 GMT October 21, 2014
usdjpy
still eye 109.30..
GT!
LA Bar 01:21 GMT October 21, 2014
usdjpy
Reply
Is this shorts before China gdp? It looks like a setup if number is not that bad.
sd sf 00:16 GMT October 21, 2014
eurusd
some of my better performing strategies that trade ranges .. have come in buying GBP just ahead of 50.
obviously greater than normal risk with data ahead but thought worth mentioning.
$yen we really haven't seriously threatened 75-76 in today's session so far ... probably all comes together a little bit later... gold still above 1245.
RBA Minutes in 15 minutes first up.
We are starting an affiliate program to market some of our products.
