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Forex Forum Archive for 10/22/2014

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sd sf 23:08 GMT October 22, 2014
BREAKING NEWS

I'm surprised we couldn't put more effort into moving the markets around - given the o/n moves and then this NZD number.

may as well head out and come back in 3 hours for the CNY HSBC number.

Looking past that .. French/Spanish/German Data - none of those seem like they will be good.

GVI Forex Jay Meisler 22:43 GMT October 22, 2014
Ask Your Advocate: Are Forex Brokers to Blame for Traders Losing Money?

Red, always, thanks for your insights.

To be clear, we are not soliciting for a broker but in our role as a trader advocate, we try to pass on to our members anything we come across that we think can improve their trading.

GVI Forex john 21:54 GMT October 22, 2014
BREAKING NEWS



October 22, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Thursday, October 23. Updated: Trading News Events Calendar

HIGH IMPACT NEWS: JP- flash PMI, CN- HSBC PMI, EZ- flash PMIs, Consumer Confidence, GB- Retail Sales, US- Weekly Jobless, flash PMI. Lead Indicators

  • Far East: JP- flash PMI, CN- HSBC PMI
  • Europe: EZ- flash PMIs, Consumer Confidence, GB- Retail Sales, CBI Output
  • North America: US- Weekly Jobless, flash PMI. Lead Indicators, Natural Gas


GVI Forex john 21:52 GMT October 22, 2014
BREAKING NEWS

NZ CPI disinflation.

GVI Forex john 21:46 GMT October 22, 2014
BREAKING NEWS

New Zealand 3Q14 CPI

-- NEWS ALERT--
QQ: +0.30% vs. +0.50% exp. vs. +0.30% prev.
YY: 1.00% vs. +1.20% exp. vs. +1.60% prev.


TTN: Live News Special Offer


Direct links to primary data sources

GVI Forex john 20:44 GMT October 22, 2014
CURRENT CONDITIONS: Mixed Risk

Closing Levels...


Lahore FM 20:30 GMT October 22, 2014
" Trade Ideas "

" Trade Ideas "
london red 20:25 GMT 10/22/2014


Red Sir, my pleasure !

london red 20:25 GMT October 22, 2014
" Trade Ideas "

FM king of the long term, nothing changes. thanks for your calls. always take note when you open a fresh page.

GVI Forex john 20:24 GMT October 22, 2014
PIVOT POINTS: Trading System
Reply   


USD & EUR Pivots. Chart Point tables. Click chart icon to store in browser tab.

Using Pivot Points in Forex Trading:
A Simple but Effective Trading System


Lahore FM 20:15 GMT October 22, 2014
" Trade Ideas "

Buy usdx
Entry: Target: Stop:

Buy usdx
Entry: Target: Stop:
Lahore FM 19:57:37 GMT - 08/21/2014

Buy usdx
Entry: Now Target: Three month exit Stop: To your tolerance
Just when some desperate usd bears are groping about thinking this is thetail end of usd bullrun a freaky spike further pushing usd higher makes most sense.several charts that reval upcoming usd strength or weakness point to more usd strength for another stretch of several weeks.

Crude and gold harbingers.usdchf and usdcad perhaps next two.

===
The boon continues with usd buy for all three of my posted pairs.usdchf audusd and usdcad.
time to relaod usdcad now. after dumping parts off above 1.11 today for the second time in a month.

usdchf will land around parity i another 2 months to 3.

==
with three trades turning in hundreds of pips of profits over past two months i find little need to update as the market updates the rates for me with still even higher usd.

as forum friends and foes know i will not come in thumping my chest every two hours when trades go right.

london red 20:03 GMT October 22, 2014
Ask Your Advocate: Are Forex Brokers to Blame for Traders Losing Money?

thanks Jay but not looking to switch as v happy with the ones i have but in that case id suggest anyone frustrated with their broker to contact Jay. it really is a v important part to trading. you are going to lose money, hopefully less than you make, but when you do lose, let it be down to your stop being hit and not poor service from your broker.

GVI Forex Jay Meisler 19:55 GMT October 22, 2014
Ask Your Advocate: Are Forex Brokers to Blame for Traders Losing Money?

Red, you can get similar with smaller minimum size accounts. Send me an EMAIL for details

GVI Forex john 19:50 GMT October 22, 2014
BREAKING NEWS

Weekly Trading Planner Top Items (GMT):
21:45 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

london red 19:49 GMT October 22, 2014
Ask Your Advocate: Are Forex Brokers to Blame for Traders Losing Money?

Jay, I would say this to people on brokers.
Buckets have there uses so lets not bash them too much. You dont have to trade with them but beginners choose them as lots are small. But they do you no favours outside of static markets. so if you are trading data events, you will find delays, requotes, excess slippage, scalping bans and even system outage coming into play.
These days there is no excuse for not using a one click instant execution broker with liquidity provided by major banks and other institutions. minimum account sizes are about 10 grand upwards.

GVI Forex john 19:45 GMT October 22, 2014
CHART POINTS: Free Forex Database
Reply   

UPDATED. Global-View Free FX Database. High-Low-Close data for over a dozen currency pairs for well over a decade of data in Excel spreadsheet format.

GVI Forex john 19:32 GMT October 22, 2014
GLOBAL-VIEW FORUMS ARE EASY TO USE!

Click on the title of any post and you can see the complete discussion of a topic.

Click on the BREAKING NEWS title and you will get all the data news, charts, calendar posts, etc. for the current week.

sd sf 19:07 GMT October 22, 2014
eurusd

it is probably worth while to stick around for a few hours and t/p into 1st move down to 20

with the idea to resell bounce to 12670 for 12570

I don't think many people in Asia will want to hold onto other peoples crappy positions for too long.

most likely if it goes 38 offered that would be enough for a small dump from here.

london red 19:00 GMT October 22, 2014
eurusd

sf, thanks. holding short at 86 and question for me is whether we get to see the trendline again tomorrow or even 86. coming up to the end of the session, we are going to trade partially in todays range tomorrow (high could be 50 70 86 2710) and its a question of can i get out and resell higher up (86-05) or is it going to drift to new lows in asia and test 2570 london am (euro pmis looming). pulling the stop down to just north of 70 makes some sense but gives up a good profit. if we see 25/26 before the close may well tempt me to cover but sitting short for now.

sd sf 18:42 GMT October 22, 2014
eurusd

being b/o models their targets are wider .. but looking at where their t/p sits is in the 1.2550-70 region .. which is why they are selling so low now I suppose.

$yen bids coming in @ 12/14/16 .. but I only expect 05-35 range for now till we see what happens in EUR

as EURYEN may suffer for a while as well... if this eur does break down.

sd sf 18:35 GMT October 22, 2014
eurusd

breakout models who sold @1.2768 are selling again @1.2655

would not surprise me to see 1.2610-20 on stops.. have to get above 70 to ease the pressure.

GVI Forex Blog 18:34 GMT October 22, 2014
MIXED RISK. Canadian Terrorist Attack Puts Markets on Pause. PMI Flash Data Thursday
Reply   
HIGH IMPACT NEWS: NZ- CPI, JP- flash PMI, CN- HSBC PMI, EZ- flash PMIs, Consumer Confidence, GB- Retail Sales, US- Weekly Jobless, flash PMI. LEI

Early Thursday NZ quarterly CPI data are out. The session also sees a slew of flash PMI data, Weekly U.S. Jobless Claims and Eurozone Consumer Confidence U.S. CPI for September were a touch hotter than expected and have no impact on Fed policy.

MIXED RISK. Canadian Terrorist Attack Puts Markets on Pause. PMI Flash Data Thursday

GVI Forex Jay Meisler 18:27 GMT October 22, 2014
eurusd



Notice how the overnight low (1,.2680) became resistance and kept the risk on the downside.

Paris ib 17:58 GMT October 22, 2014
The Bounce...

CB - lol. There are no reliable sources out there !!

dc CB 17:50 GMT October 22, 2014
The Bounce...

it's too bad those guys in that interview got the day wrong. the big day was Wed the 15th.

GVI Forex Jay Meisler 17:50 GMT October 22, 2014
Ask Your Advocate: Are Forex Brokers to Blame for Traders Losing Money?
Reply   

Question for Your Advocate: Skeptic always said retail traders will always lose money when we trade via a market maker. How true is that?

Ask Your Advocate: Are Forex Brokers to Blame for Traders Losing Money?

Paris ib 17:27 GMT October 22, 2014
The Bounce...
Reply   
Seems like all that very elaborate market rigging is having a waning impact. Which leaves us with what? A better level to short the stock market ?

How they do it.

SaaR KaL 16:30 GMT October 22, 2014
Day's Trades

If you want an all year position
It is USDCAD SHort
till parity
from there to 1.40
The USD drop is at it's last year next year
no more drops after dat

SaaR KaL 16:22 GMT October 22, 2014
Day's Trades

NDX crash level for the whole year is above 4000
I doubt will do more then 4100... Tops 4300 (If gets very volatile)
I see 2500 next year

Miami JN 16:21 GMT October 22, 2014
eurusd

The market is more fun when it is dumping the usd.

The market is more easily explained when it is dumping the euro.

SaaR KaL 16:17 GMT October 22, 2014
Day's Trades

GBPJPY heads to 175 to 176 from here
still bearish for for the whole year
til 140 area

GVI Forex Jay Meisler 16:17 GMT October 22, 2014
eurusd

Low bid I show is 1.2647

eurusd
GVI Forex Jay Meisler 13:37 GMT 10/22/2014 - My Profile
1.2648 = 61.8% of 1.2500-1.2887

GVI Forex Blog 16:02 GMT October 22, 2014
Global Markets News
Reply   
Full results of the European bank stress tests are due on Sunday and both the press and traders are having a field day with leaks. Note that the ECB's asset quality review (AQR) and the European Banking Authority's stress tests run concurrently. One Spanish source reported 11 of the 130 banks being tested by the ECB failed the review. PIMCO's Bodereau said he expects 18 banks to fail the ECB review

TradeTheNews.com US Market Update: On Track for Fifth Session of US Equity Gains

GVI Forex john 15:33 GMT October 22, 2014
CURRENT CONDITIONS: Mixed Risk


15:30 GMT- Current Market Conditions
:
Late in European trade, markets are in  MIXED RISK posture heading into a more active data period and ECB bank stress test results Sunday. Equities in Far East trade ended mostly higher. European bourses are closing mixed. U.S. share futures are up lower. The TSE is down at this hour while the outcome of a terrorist incident in Ottawa is unknown.

U.S. 10-yr yields are up. 10-yr yields in bunds are steady. In gilts they are up. Peripheral bond yields are lower, Volatile Greek yields are down sharply.




The heat map color scheme of interest rates reflects yields.


Paris ib 15:02 GMT October 22, 2014
Weird Times

That chart pack does make you wonder about the sustainability of the current stock market rally. We got FOMC to get through, then the elections but medium term.... well not so exciting.

GVI Forex john 15:00 GMT October 22, 2014
BREAKING NEWS

Second shooter being pursued in Ottawa. Shots fired. First shooter was shot a while ago.


BOC Press Conference has been postponed.

Paris ib 15:00 GMT October 22, 2014
Weird Times
Reply   
A chart pack for the doom and gloomers. :-)

Chart Pack

SaaR KaL 14:57 GMT October 22, 2014
Day's Trades

Silver Longs
EURUSD
Cable
EURJPY


Short USDCAD
===
The rest later

GVI Forex Blog 14:47 GMT October 22, 2014 Reply   
October 22, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Thursday, October 23. Updated: Trading News Events Calendar HIGH IMPACT NEWS: NZ- CPI, JP- flash PMI, CN- HSBC PMI, EZ- flash PMIs, Consumer Confidence, GB- Retail Sales, US- Weekly Jobless, flash PMI. Lead Indicators

GVI Forex Data Outlook for October 23, 2014

Moscow 14:46 GMT October 22, 2014 Reply   


Sell USDJPY
Entry: 105.189 Target: Stop: 107.725

Today we consider the USD/JPY currency pair on the D1 chart. The price made a reversal, touching the strong W1 resistance line. The daily uptrend channel is breached in the direction of the red zone, and now we have every reason to believe that a new bearish D1 trend is emerging. Parabolic confirms the trend direction and moves along the DonchianChannel lower boundary, verifying the price direction. The only alarming signal can be seen at the moment is the breach of RSI-Bars resistance line, which may be proved false. To confirm the bearish sentiment, you should wait for the oscillator level crossing at 31.0851%.
This event is expected to happen before the fractal support breach at 105.189. This mark is strengthened by DonchianChannel lower boundary and can be used for placing a pending sell order. Stop Loss can be placed at 107.725 or 109.971 (for conservative traders). It should be noted that the importance of the last fractal peak is confirmed by the Parabolic historical value, and also the bearish candlestick pattern “shooting star”, which is marked in yellow on the chart.
After position opening, Trailing Stop is to be moved after the Parabolic values, near the next fractal peak. Updating is enough to be done every day after the formation of 5 new candlesticks, needed for the Bill Williams fractal formation. Thus, we are changing the probable profit/loss ratio to the breakeven point.

Paris ib 14:44 GMT October 22, 2014
What's going on with bonds?
Reply   
A bit of a chat about systemic stress, market rigging, government bonds, the USD and gold. Worth a listen.

Volatility in Bonds

GVI Forex john 14:44 GMT October 22, 2014
BREAKING NEWS



October 22, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Thursday, October 23. Updated: Trading News Events Calendar

HIGH IMPACT NEWS: NZ- CPI, JP- flash PMI, CN- HSBC PMI, EZ- flash PMIs, Consumer Confidence, GB- Retail Sales, US- Weekly Jobless, flash PMI. Lead Indicators

  • Far East: NZ- CPI, JP- flash PMI, CN- HSBC PMI
  • Europe: EZ- flash PMIs, Consumer Confidence, GB- Retail Sales, CBI Output
  • North America: US- Weekly Jobless, flash PMI. Lead Indicators, Natural Gas


Mtl JP 14:33 GMT October 22, 2014
BREAKING NEWS

too much oil.. too many wells still pumping
I tried to tell oil co. do not fill tanks of hybrids, you shoot yourself in the foot ... did they listen ? nooooooo

GVI Forex john 14:32 GMT October 22, 2014
BREAKING NEWS

Bearish Crude.

GVI Forex john 14:31 GMT October 22, 2014
BREAKING NEWS

US EIA Weekly Inventories



NEWS ALERT
Crude Oil: +7.000 vs. +3.000 exp vs. +8.900 prev.
Gasoline: -1.300 vs. -1.500 exp vs. -4.000 prev.
Distillates: +1.050 vs. -1.500 exp vs. -1.5200 prev.
Cap/Util: 86.70% vs.87.90% exp vs. 88.10% prev.
,br> Weekly Petroleum Status Report




TTN: Live News Special Offer

GVI Forex john 14:26 GMT October 22, 2014
BREAKING NEWS

ECB's Nowotny downplays chances for immediate ECB QE moves.

GVI Forex john 14:26 GMT October 22, 2014
BREAKING NEWS

ECB's Nowotny downplays chances for immediate ECB QE moves.

GVI Forex john 14:16 GMT October 22, 2014
BREAKING NEWS

Shooting was at Canadian War Memorial near Parliament.

GVI Forex john 14:12 GMT October 22, 2014
BREAKING NEWS

CAD stronger after BOC removed the word "neutral" from its future policy guidance statement. The change is seen as hawkish.

GVI Forex john 14:08 GMT October 22, 2014
BREAKING NEWS

We don't have any details yet, but there has been a shooting at Canada's Parliament Hill. Apparently it is on lock-down following another terrorist event earlier this week.

GVI Forex john 14:03 GMT October 22, 2014
BREAKING NEWS

"...Canada’s real GDP growth is projected to average close to 2 1/2 per cent over the next year before slowing gradually to 2 per cent by the end of 2016, roughly the estimated growth rate of potential output. As global headwinds recede, confidence in the sustainability of domestic and global demand should improve and business investment should pick up. Together with a moderation in the growth of household spending, this is expected to gradually return Canada’s economy to a more balanced growth path. As the economy reaches its full capacity in the second half of 2016, both core and total CPI inflation are projected to be about 2 per cent on a sustained basis.

Weighing all of these factors, the Bank judges that the risks to its inflation projection are roughly balanced. Meanwhile, the financial stability risks associated with household imbalances are edging higher. Overall, the balance of risks falls within the zone for which the current stance of monetary policy is appropriate and therefore the target for the overnight rate remains at 1 per cent."

Bank of Canada maintains overnight rate target at 1 per cent

GVI Forex 14:01 GMT October 22, 2014
BREAKING NEWS

10:00 *(CA) BANK OF CANADA (BOC) LEAVES INTEREST RATES UNCHANGED AT 1.00%. AS EXPECTED
- Removes 'neutral' reference to statement-
- increases core inflation forecasts

- Source TradeTheNews.com

GVI Forex john 14:00 GMT October 22, 2014
BREAKING NEWS

October 2014 Bank of Canada Policy Decision





ALERT
Policy Unchanged (1.00%)


RELEASE: Bank of Canada


TTN: Live News Special Offer

SaaR KaL 13:58 GMT October 22, 2014
Day's Trades

IMO EURJPY want 138 area

Not shorting USDJPY until above 108.3

Mtl JP 13:57 GMT October 22, 2014
BREAKING NEWS

BoC out w/its rate at top of the hour

HESHAN 13:46 GMT October 22, 2014
eurusd

Buy EURUSD
Entry: Target: Stop:

shanghai bc,SIR,could you help me how to do in the silver market and the forex market? by the way ,how could i contact you except this forum?

GVI Forex john 13:42 GMT October 22, 2014
eurusd

Re: 1.2680-00 neutral zone
reinforcing the bottom of that range is
Pivot Support #1 at 1.2679

dc CB 13:41 GMT October 22, 2014
CURRENT CONDITIONS: Mixed RisK

a mere week ago during this hour, the bond market was going apesheite, with 30Y futures spiking to 148, the 5Y to 121 22.

today the 30 is pushing down to 142 and the 5 to 120
erasing all the "gains" of that insane short killer rally. all those kickout of their positions...

Yes, the Bond Market is Too big to be manipulated.

GVI Forex Jay Meisler 13:37 GMT October 22, 2014
eurusd

1.2648 = 61.8% of 1.2500-1.2887

GVI Forex 13:33 GMT October 22, 2014
eurusd



1.2680-00 is the neutral zone (5 min chart)

Mtl JP 13:29 GMT October 22, 2014
eurusd

instead of just weaken lets really weaken it ... to 0.0

GVI Forex 13:27 GMT October 22, 2014
eurusd

09:25 (FR) France PM Valls: Welcomes steps by ECB to weaken Euro -

Source TradeTheNews.com

SaaR KaL 13:25 GMT October 22, 2014
Day's Trades
Reply   
Longing eurusd
tgt 1.2930

GVI Forex john 13:03 GMT October 22, 2014
PIVOT POINTS: Trading System

EURUSD
Pivot 1.2759 distant
S1 1.2679 broken
S2 1.2635

Livingston nh 13:02 GMT October 22, 2014
BREAKING NEWS

US CPI - the devil is in the details - the three Bs of a balanced diet (beef, butter & bacon) offset the oil decline - shelter and medical were noted as drivers which could affect the Fed's "preferred rate" because of the weighting of these two, especially medical which accounts for 3x the weighting in the CPI (representative of GDP)

no reactions of note in FI

london red 13:01 GMT October 22, 2014
Yen
Reply   
Inverse shs 1h/4h usdjpy. Neck this hours high.

NY JM 12:51 GMT October 22, 2014
eurusd

1.2680-00 is a no man's land

Below 1.2680 puts risk on 1.2609-25

On upside, 1.2700+ would be needed to slow the risk.

GVI Forex john 12:42 GMT October 22, 2014
BREAKING NEWS

Canada: Retail Sales miss estimates.

GVI Forex john 12:40 GMT October 22, 2014
BREAKING NEWS

U.S. September CPI a bit hotter than expected...


london red 12:38 GMT October 22, 2014
eurusd

No pop JP have to do it the hard way on rebound. 12686 now becomes res and they wont close abv trendline if euro to fall so stop abv 02/05. Tgts 2540/70 last line in sand for euro.

GVI Forex john 12:32 GMT October 22, 2014
BREAKING NEWS

Retail Sales August 2014





NEWS ALERT
Headline:-0.30% % vs. 0.0% exp. vs. -0.10% prev.
X-Autos: -0.30% % vs. +0.20% exp. vs. -0.60% (-0.50%) prev.


RELEASE: Canadian Retail Sales



TTN: Live News Special Offer

GVI Forex john 12:31 GMT October 22, 2014
BREAKING NEWS

U.S. Consumer Price Index September 2014




ALERT
Headline:
m/m:+0.10% vs. 0.00% exp. v -0.20% pre
y/y: +1.70%vs. +1.60% exp. v +1.70% pre
Core:
m/m: +0.10% vs. +0.20% exp. v +0.00% pre
y/y: +1.70% vs. +1.80% exp. v +1.70% pre


RELEASE: Consumer Price Index


TTN: Live News Special Offer

hspace="10" vspace="10" width="100" border="1" height="30">

Mtl JP 12:22 GMT October 22, 2014
eurusd

eurdlr chartpoints
Res 1 1.2803
Pivot 1.2759
Sup 1 1.2679

I will be selling eurdlr pop towards R1 IF seen

GVI Forex Jay Meisler 12:20 GMT October 22, 2014
eurusd



EURUSD one hour chart with key levels

Mtl JP 12:12 GMT October 22, 2014
BREAKING NEWS

IF.... if it happens, buy dollar dip

Haifa ac 12:04 GMT October 22, 2014
BREAKING NEWS

Anyone have a strategy of CPI comes in soft?

Yes.
I am going to hum:

"Strumming my pain with his fingers
Singing my life with his words
Killing me softly with his song

Read more: The Fugees - Killing Me Softly Lyrics - MetroLyrics

london red 12:00 GMT October 22, 2014
BREAKING NEWS

sell dollar if you look for weak cpi. if cpi -0.1m/m then i expect euro tests 12747 flash, then 88/90 if they dont fade.
looking at the cpi oil correlation, cpi is due to dip/catch up but has oil been down long enough to make an effect?
looking at cad, maybe a perfect storm if sales can at least meet. 11165 fib test and long into boc meet which is v likely to be dovish.

GVI Forex 11:51 GMT October 22, 2014
BREAKING NEWS

Anyone have a strategy of CPI comes in soft?

london red 11:39 GMT October 22, 2014
BREAKING NEWS

maybe its a case of the fed seeing what they want to see, but its hard to argue with that view from lloyds. would b v surprising to see a spike higher and possibly something to fade next time/november.

GVI Forex 11:32 GMT October 22, 2014
BREAKING NEWS

US CPI

In the US, focus will be on September CPI data. We expect the headline rate will have fallen to 1.5% (consensus 1.6%) - a six month low. If confirmed, it will likely reinforce disinflationary concerns.

Lloyds Bank Daily Economic Outlook

GVI Forex Jay Meisler 11:30 GMT October 22, 2014
Global Markets News

ECB made some comments downplaying stress test results and EURUSD spiked higher

Mtl JP 11:20 GMT October 22, 2014
Global Markets News

the potential is there as long as ECB exists
we - players - assess probablity
-
Economies in Japan, europe and US are being nursed by printing.
Concensus is that only the US economy, on a relative basis, has been cured by printing (albeit precariously)

The probability of concern to players is: can the markets stand on their own without CB teet ?
In Japan: no. In Europe: no. In US: really ?

GVI Forex Jay Meisler 11:20 GMT October 22, 2014
PIVOT POINTS: Trading System

Amazing pivot points?

EURUSD S1 = 1.2679 vs. 1.2680 intra-day low

Indo Tony 11:19 GMT October 22, 2014
Global Markets News

Any euro news? Why it pop?

GVI Forex Blog 11:07 GMT October 22, 2014
Global Markets News
Reply   
Dealers continued to debate the ECB and the potential for further action. Speculation has intensified with ECB extending its covered bond purchasing program into the corporate bond market. The EUR/USD was slightly softer in the session and at 1-week lows at 1.2680 area. On Tuesday respected fund manager (Appaloosa's David Tepper) reportedly recommended shorting the euro currency

TradeTheNews.com EU Market Update: BOE minutes shows vote remained the same but contents a tad more 'dovish'; speculation that 11 banks failed ECB stress test

GVI Forex john 10:23 GMT October 22, 2014
GLOBAL-VIEW FORUMS ARE EASY TO USE!
Reply   
Click on the title of any post and you can see the complete discussion of a topic.

Click on the BREAKING NEWS title and you will get all the data news, charts, calendar posts, etc. for the current week.

GVI Forex john 10:15 GMT October 22, 2014
PIVOT POINTS: Trading System
Reply   


USD & EUR Pivots. Chart Point tables. Click chart icon to store in browser tab.



Using Pivot Points in Forex Trading:
A Simple but Effective Trading System


Mtl JP 09:42 GMT October 22, 2014
MIXED RISK. Data Due Today and Thursday. Equities Mixed. Focus ECB Stress Tests Results Sunday

Today's CPI inflation reading will determine rise in Social Security cheques.

GVI Forex Blog 09:23 GMT October 22, 2014
MIXED RISK. Data Due Today and Thursday. Equities Mixed. Focus ECB Stress Tests Results Sunday
Reply   
HIGH IMPACT NEWS: US- CPI, CA- Retail Sales, Bank of Canada Decision

Today U.S. CPI, Canadian Retail Sales and the latest Bank of Canada policy decision will be released. Australia quarterly CPI data for 3Q14 were tame, but seemed to have a mild deflationary bias. The latest BOE meeting Minutes showed a 7-2 vote for an unchanged policy, as expected. The vote was taken before the latest tame UK inflation data.

MIXED RISK. Data Due Today and Thursday. Equities Mixed. Focus ECB Stress Tests Results Sunday

Mtl JP 09:22 GMT October 22, 2014
BREAKING NEWS

Oct 22 (Reuters) - The incoming head of the EU executive, Jean-Claude Juncker, told the European Parliament on Wednesday that he would present his 300-billion-euro plan for investment to bolster growth and jobs by the end of this year. .../..
-
what a grand idea ! couple that to Marios "buying" of corp bonds... what could possibly cause the plan go into the ditch ?

GVI Forex 09:14 GMT October 22, 2014
BREAKING NEWS

ECB offucial says re stress tests report that everything at this point is "highly speculative".

Mtl JP 09:05 GMT October 22, 2014
Ukraine

Oct 21 2014 (Reuters) - Ukraine has requested an extra 2 billion euros ($2.55 billion) and EU authorities will consider the loan request together with the International Monetary Fund, a European Commission spokesman said on Tuesday.

GVI Forex john 09:01 GMT October 22, 2014
CURRENT CONDITIONS: Mixed RisK
Reply   

09:00 GMT- Current Market Conditions
:
Early in European trade, markets are in  MIXED RISK posture heading into a more active data period and ECB bank stress test results this weekend. Equities in Far East trade ended mostly higher. European bourses are mixed. U.S. share futures are up lower.

U.S. 10-yr yields are down. 10-yr yields in bunds and gilts are down as well. Peripheral bond yields are lower, Volatile Greek yields are down sharply.




The heat map color scheme of interest rates reflects yields.


london red 08:52 GMT October 22, 2014
BREAKING NEWS

appears to have lost momentum so cut for 7 points

GVI Forex 08:51 GMT October 22, 2014
BREAKING NEWS

130 banks were evaluated
failing Banks
4 Greece
3 Italy
2 Austria

missing 2 in story.

Results due on Sunday

GVI Forex 08:45 GMT October 22, 2014
BREAKING NEWS

At least 11 banks will fail stress tests -- Spanish press

sd sf 08:35 GMT October 22, 2014
Morning

Good Stuff ... heading off and leaving the bots do the work and see what they got Asia Open tomorrow .. good hunting.

GVI Forex 08:30 GMT October 22, 2014
BREAKING NEWS

Latest BOE Policy Vote and Minutes




-- NEWS ALERT --

Rates:Tighten = 2 Unchanged =7 Ease =0
QE: Add = 0 Unchanged =9 Reduce =0


Bank of England





TTN: Live News Special Offer

GVI Forex 08:29 GMT October 22, 2014
BREAKING NEWS

EARLIER: 1Q14 CPI in line. AUD Rises.

London London 08:22 GMT October 22, 2014
Buy signals
Reply   
Buy EURCAD
Entry: Target: Stop:

Visit us for free trial

New Signal: BUY USD/CAD @ 1.12324. at 2014.10.21
S.L - 45
T.P + 45



Posted with permission of global-view.com

forex signals

GVI Forex john 08:18 GMT October 22, 2014
BREAKING NEWS

3Q14 Australia CPI





EARLIER

QQ: 0.50% vs. +0.40% exp. vs. +0.50% prev.
YY: +2.30% vs. +2.30% exp. vs. +3.00% prev.


TTN: Live News Special Offer

london red 08:07 GMT October 22, 2014
BREAKING NEWS

long at 86 stop at 77. looking for trendline retest and take it from there.

GVI Forex 08:05 GMT October 22, 2014
BREAKING NEWS

Minutes of the BoE’s October MPC meeting are released this morning. The minutes of the September MPC meeting maintained the 7-2 vote split, with Weale and McCafferty continuing to prefer an immediate 25 bps increase in Bank Rate. But there is little to suggest that further members will have been swayed by developments prior to the October meeting to join the dissenters. In the absence of tangible signs of inflationary pressure, either in price or wage data, and a still-fragile outlook for the euro area, our view remains that the Committe will continue to exercise restraint, before beginning the process of normalising interest rates in Q1 2015. Labour market data released subsequent to the meeting, which points to a continued rapid absorption of spare capacity and stirrings of wage inflation, suggest some scope for the split vote to persist in the months ahead. Martin Weale is scheduled to speak later in the evening. It will be interesting to hear any comments from him regarding recent market gyrations, and if that has changed his assessment of the appropriate mone

Lloyds Bank Daily Economic Outlook

PAR 07:35 GMT October 22, 2014
HIGH YIELD
Reply   
Carl Icahn says high-yield 'junk' bond market in a bubble - CNBC

Oct 21 (Reuters) - Billionaire activist investor Carl Icahn said on Tuesday he thinks the high-yield "junk" bond market is still in a bubble despite the asset class's recent selloff.

london red 07:31 GMT October 22, 2014
Morning

theyve done the trendline now at 02-05 depending on the timeframe (daily is 02) so its a question of high high it bounces if it can take out some res or does the rot set in earlier 23/26/29 ahead of the others
cpi is the big one and a beat would be a v big surprise. but other inflation data has missed in usa recently.

sd sf 07:21 GMT October 22, 2014
Morning

US CPI maybe enough -- anything positive would be able to keep eurusd offered ... or some off the cuff EuroLand comment should be good for 40-50 pts.

They tried to buy for 2-2.5 hours yesterday before it dropped - so seems bit more time left to see if that works out again.

Tallinn viies 07:13 GMT October 22, 2014
eurusd
Reply   
1,2625/30 target today. most likely 1,2740/45 contains all upmoves. if not then 1,2785 should be max today.

london red 06:55 GMT October 22, 2014
Morning

i was looking for 47 myself. the plan was to be short well abv support in the event of a break. and in the event of a bounce id still be able to pull some profit from the short once i saw the reaction at the support. i prefer not to chase markets as stops often need to be more generous. today im still using 41 47 88/90 and 2806. on the down 2705 2695 89 86 45.
data is a bit light today in euroland and doubt boe minutes will have too much effect on the euro thru the cross but we may get more flash comments on corporate bond buying

Hong Kong AceTrader 06:51 GMT October 22, 2014
AceTrader Oct 22: Intra-Day Market Moving News and Views (USD/JPY)
Reply   
Intra-Day Market Moving News and Views

22 Oct 2014

USD/JPY - ...... News report about Etsuro Honda, an economic adviser to Japanese PM Shinzo Abe said that the next sales tax hike should be delayed by a year and half, until Apr 2017, given the big risk that the tax increase would pose for the country's fragile economy.

Honda made the comments to reporters after a meeting of more than 40 ruling party lawmakers who are growing wary about the planned sales tax hike late next year.
"There's a great danger from the next sales tax hike given the current situation where positive effects of Abenomics and negative impact of April's sales tax hike are offsetting each other," he said, referring to Abe's reflationary policies.

"So I told them that the next tax hike should be postponed by a year and half until April 1, 2017" after Japan can ensure that deflation is conquered, he said.

Honda said Abe remained neutral on a sales tax decision. He added that postponing the planned tax hike won't cause a loss of market confidence in Japan's public finances, but it would rather help boost share prices because such decision would be seen supportive for the economy.

Earlier, Japan's trade data was released with both positive & negative interpretations.
Reuters reported 6.exports in September expanded at the fastest pace in 7 months by 6.9% annually due partly to yen's weakness. However, imports climbed sharply to 6.2 % (vs forecast of 3.0%) due to weak yen.
Therefore, yen's weakness works in favour of the Japanese exporters but against importers. The trade balance came to a deficit of 958.3 bln yen (8.96 bln USD) vs estimated 777.0 bln yen deficit.

Under performing exports have been one of the weak links in the Japanese economy, which is struggling to cope with an Apr hike in the sales tax to 8% fm 5%. Japan's economy shrank an annualised 7.1% in the 2nd quarter, with the tax hike causing the biggest contraction since the 2009 global financial crisis.

The economy is forecast to resume expansion in the 3rd quarter, but the pace could be very slow, which would fuel speculation that the gov't will delay a second sales tax hike to 10% scheduled for next year.

sd sf 06:27 GMT October 22, 2014
Morning

EUR seems a replay of the exact same price action as yesterday

I'm not sure EUR can go above 1.2740/50/60 - as to me feels the market is still quite long + more likely to test 1.2660-70

obviously totally data dependent so have to see how that part of it plays out.

GVI Forex Blog 04:54 GMT October 22, 2014 Reply   
- (AU) AUSTRALIA Q3 CONSUMER PRICES (CPI) Q/Q: 0.5% (matches 5-quarter low) V 0.4%E; Y/Y: 2.3% (1-year low) V 2.3%E; TRIMMED MEAN Q/Q: 0.4% V 0.5%E ; Y/Y: 2.5% (1-year low) V 2.7%E - (AU) AUSTRALIA SE

TradeTheNews.com Asian Market Update: Risk-on restored as global investors leave the safety of US treasuries; Australia annual CPI slows to 1-year lows - Source TradeTheNews.com

sd sf 04:52 GMT October 22, 2014
Morning

as far as $yen goes - I think we can still see a dip down to 58-60 where it should hold for a test of 107.45

if breaks 58-60 strongly then the upside is over and the top is in.

its hard to say 100% at this point due to the fact we need to see LDN + NYK first to see what range they scout around - and where they close their sessions.

Hopefully the Europe Guys can add their thoughts when they come into the market. GT.

Provo John 02:49 GMT October 22, 2014
AUD

Easy solution, just charge a PIA fee that is the same as the tariff. China wants it bad enough so they will pay it.

Sydney ACC 02:27 GMT October 22, 2014
AUD

Local analysts believe it is a tactical move by the Chinese to push the Australians to accept a free-trade agreement prior to G20 meeting in Brisbane next month.
Indonesia has a free-trade agrteement with China. Their coal shipments were exempted from the tariff.

Hong Kong AceTrader 02:19 GMT October 22, 2014
AceTrader Oct 22: Intra-Day News and Views (USD/JPY) & data to be released today
Reply   
Intra-Day Market Moving News and Views
22 Oct 2014 01:45GMT

USD/JPY - ...... The pair pares yesterday's gain and retreats in Tokyo morning due to intra-day broad-based pullback in the greenback following yesterday's rally together with present retreat in the Nikkei (the N225 trimmed initial 325-point gain, now at 15025, up by 221 points).

Despite extending o/n rise in NY session to 107.11 in Australia, selling interest emerged after dlr showed muted reaction on Japan's trade data, price retreated to 106.86 in Asian morning.
Looks like range trading is in store and as long as the Nikkei can hold on to intra-day gain after yesterday's broad-based rise in global stocks, buying on dips is favoured.
Bids are noted at 106.80-70 and more below with some stops below 106.50. Initial offers are tipped at 107.05/15 with stops above 107.20, more stops are touted above 107.40.

Data to be released on Wednesday include:

the release of Japan imports, exports and trade balance,
Australia inflation,
BoE minutes,
UK BoE MPC vote,
Canada retail sales,
BoC rate decision,
U.S. weekly earnings and CPI.

shanghai bc 01:47 GMT October 22, 2014
AUD


China's Iron and Coal Tarrifs are just one of the tactics to get a better bargain with monopoly suppliers..

Till 1995,China was a big exporter in Oil and Coal..Things have moved really fast in China..The demand for iron and coal is likely to be very strong for a few more decades..Cyclical ups and downs is highly unlikely to stop the mega trend in modernization in China..

shanghai bc 01:29 GMT October 22, 2014
eurusd


Red,Thanks..I have been learing from everyone here..

All the best to you..

sd sf 01:23 GMT October 22, 2014
Morning

the Nikkei is just moving a little lower

range been 15055/15150 just a few pts bounce off the low @70 now.

shanghai bc 01:18 GMT October 22, 2014
eurusd


LJ BK,Thanks..Hope you are fine..

All the best..

GVI Forex Blog 00:50 GMT October 22, 2014
Forex News
Reply   
* Euro near one-week low after ECB corporate bond buy report

* U.S. housing data, tech earnings, China data help risk appetite, dent yen

FOREX-Euro on defensive after ECB bond buy report, yen slips

GVI Forex 00:39 GMT October 22, 2014
BREAKING NEWS

MNI: AUSTRALIA Q3 ALL GROUPS CPI +2.3% Y/Y; MNI MEDIAN +2.2%

sd sf 00:20 GMT October 22, 2014
AUD

I thought they introduced coal tariffs - I'm not sure on Steel.

"BEIJING – China has intimated its new coal tariff may be waived on Australian imports if a free trade agreement between the two countries is struck, Treasurer Joe Hockey has said, raising the stakes further on the protracted negotiations.
In Beijing on Tuesday ahead of the APEC Finance Ministers' meetings, the treasurer raised his "surprise and disappointment" in a meeting with Chinese counterpart Lou Jiwei at China's abrupt move to reinstate tariffs of 3 per cent on metallurgical coal and 6 per cent on thermal coal. Australian coal, the country's second-largest export after iron ore, was expected to be the worst affected among the world's producers.
It was understood Mr Lou defended the tariffs, which were reintroduced this month, saying they were aimed purely at aiding struggling Chinese coal producers, and were in no way a negotiating tactic directed at the Australian free trade talks.
Prime Minister Tony Abbott hoped to sign the deal with President Xi Jinping during his visit to Australia next month for the G20 leaders' meeting."

sd sf 00:16 GMT October 22, 2014
Morning

really slow day here so far

maybe people are bit confused by the EUR drop .... not quite sure what to make of it .. and making it hard to leverage into other positions... compared to our more normal day.

anyway AUD data in 15 minutes -- see what happens there.

 




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