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Forex Forum Archive for 10/24/2014

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GVI Forex john 20:22 GMT October 24, 2014
CURRENT CONDITIONS: Risk-Off

CLOSING LEVELS...



GVI Forex john 19:56 GMT October 24, 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.

dc CB 19:55 GMT October 24, 2014
Will you be able to "get out", or will the markets just shut down
Reply   
Yesterday we also saw NYSE Euronext 'break' into the European melt-up close, and later that day, as Ebola headlines hit, the market once again broke numerous times with various exchanges declaring self-help against one another as stocks tumbled on heavy volume. If you are wondering how it is that "the great stock markets in the world" can break so often (and be so ignored by financial media), Nanex exposes the act... as massive quote spamming yesterday sent OPRA to full capacity (broke the efficient flow of data in markets) 13 times...

As Nanex's Eric Hunsader explains each peak over 10 milloin quotes per second - ocurring after a sale of 1025 S&P 500 e-mini contracts - temporarily maxed capacity at OPRA and broke markets... (and a 15 point insta-plunge occurred)

(Nanex Charts)

Why The Market Kept Breaking Yesterday

GVI Forex john 19:44 GMT October 24, 2014
Commitment of Traders Report
Reply   

Commitment of Trader Report Charts Trader Positions: EUR, JPY, CHF, GBP

Net EUR JPY COT Positions




Click on chart for COT Details






Click on chart for COT Details



Tallinn viies 19:38 GMT October 24, 2014
eurusd
Reply   
160k shorts still. plus 50k.

GVI Forex john 19:10 GMT October 24, 2014
BREAKING NEWS

Weekly Trading Planner Top Items (GMT):
SUNDAY
11:00 EZ Bank Stress Tests
MONDAY
09:00 DE IFO Climate top German Sentiment Survey
13:45 US Markit SVC PMI flash New PMI indicator
14:00 US Pending Homes Predictor of Existing Homes Sales
TUESDAY
00:50 JP Retail Sales Retail demand
12:30 US Dur Goods Mfg demand
14:00 US CB Consumer Conf Key Sentiment Survey
WEDNESDAY
18:00 FRB Fed Rates No Rate Change
21:00 NZ RBNZ Cash Rates
23:50 JP Ind Out  Production
THURSDAY
08:55  DE unemployment
12:30  US Initial Claims
12:30  US GDP broadest growth measure
FRIDAY
00:30 JP Core CPI BOJ target
04:30 JP Bank of Japan No Rate change seen
07:00 DE Ret Sales Consumer demand
10:00 EZ FL HICP  ECB target
12:30  US PCE deflator Fed Target
13:55  US U Mich final Key Sentiment Survey

PAR 18:29 GMT October 24, 2014
EBOLA
Reply   
Ebola stocks leading US stock markets higher . One man's death is another's bread .

SaaR KaL 17:46 GMT October 24, 2014
Fed Decision next Wednesday

I work my own models
Nothing Else.. ;)

PAR 17:44 GMT October 24, 2014
Fed Decision next Wednesday

You have been talking to central bankers ?

SaaR KaL 17:40 GMT October 24, 2014
Fed Decision next Wednesday

JP/
Economists these days earned their degrees from McDonald..

USDJPY will crash, NDX will too
Housing ^HGX is east
this coming year

I meet American, British, Korean, Japanese Economists from the UN...all PhD Non knows how to compute elasticity of anything...
Oh forget AI, Fuzzy Logic...and General Equilibrium...they had no clue what it was...
these dudes are freeloaders with lots of words and no guarantee (Cause they can not)


GVI Forex john 17:40 GMT October 24, 2014
CURRENT CONDITIONS: Risk-Off


17:30 GMT- Current Market Conditions
:
European markets closed in a RISK-Off posture ahead  of the ECB bank stress tests on Sunday. As expected some of the results have already been leaked.  In Far East trade, equities ended mixed.  European bourses closed broadly weaker. U.S. shares are trading higher.

U.S. 10-yr yields are lower. 10-yr yields in bunds close down, while gilts ended steady. Peripheral bond yields closed mostly higher.




The heat map color scheme of interest rates reflects yields.


Mtl JP 17:30 GMT October 24, 2014
CURRENT CONDITIONS: Risk-Off

stox UP only less than 0.3%.
not impossible they end near flat on the day
(not same as will)

SaaR KaL 17:16 GMT October 24, 2014
Day's Trades

EURUSD I do ot think wants 1.28 next week
anyways, a buy 1.2600 to 1.2578 tgt 1.28+ for following week

SaaR KaL 17:09 GMT October 24, 2014
Day's Trades

ALthough bullish gold
will short here till 1239
tgt 1212
Longing next week from 1212 to 1202 to tgt 1240 again

Mtl JP 16:44 GMT October 24, 2014
Fed Decision next Wednesday

Forex john 14:31 ... a note from a brother ?

Why one economist says no recession until at least 2016

“The reality is that bear markets do not just pop out of the air,” he said. “They are caused by tight money, recessions, or both. These conditions do not apply, nor will they until 2016 at the earliest.”

Mtl JP 16:37 GMT October 24, 2014
CURRENT CONDITIONS: Risk-Off

stox thinking they are a stairway to heaven and onto the moon ?

london red 16:28 GMT October 24, 2014
CURRENT CONDITIONS: Risk-Off

s&p 75/76 futs 6 pts lower. still a target. then a pullback youd expect. think until fomc a break is a bridge too far.

PAR 16:25 GMT October 24, 2014
FRANCE
Reply   
French unemployment rises in September to hit new record high

Mtl JP 16:18 GMT October 24, 2014
CURRENT CONDITIONS: Risk-Off



SnP bataille royale

Mtl JP 16:14 GMT October 24, 2014
BREAKING NEWS

Paris ib another bone for you:

Before his speech in Jackson Hole, Draghi sought advice from U.S. Federal Reserve Vice Chairman Stanley Fischer - rtrs

"If a person is important,people will line up to visit him even if he lives in a remote mountain village..If a person is not important,nobody will visit him even if he lives in the centre of a busy town"..(Chinese proveb).. - shanghai bc, 2006

dc CB 16:06 GMT October 24, 2014
BREAKING NEWS



Last month, when, with great amusement, we reported that "New Home Sales Explode Higher Thanks To... Record High Average New Home Prices?", we mocked the latest batch of censored data released by the US department of truth as follows:

New Home Sales rose a magnificent (seasonally-adjusted annualized rate) 18% in August - the biggest monthly rise since January 1992 albeit with a 16.3 90% confidence interval, meaning the final number may well be +1.7%. At 504k, new home sales are back at May 2008 levels (though obviously massively below the 1.4 million homes sold at the peak in 2005). As a reminder, May's 504K new home sales print was later revised later to 458K. But even more stunning, new home sales in The West rose a mind-numbing 50% in August (and up 84.4% YoY - nearly double).

Well, it is now a month later, and here come the revisions: first, that 50% surge in the West was revised... 30K lower. But to get a sense of just how bad the revision was, here is the old, pre-revision data, and the "data" following the latest revision.

The Housing Recovery Has Been Canceled Due To Data Revisions

Mtl JP 15:48 GMT October 24, 2014
CURRENT CONDITIONS: Risk-Off

ACHTUNG !!
SnP making 2x top high

GVI Forex Blog 15:42 GMT October 24, 2014
Week Ahead
Reply   
•ECB to deliver its Comprehensive Assessment on Sunday

FOMC to end QE but leave forward guidance broadly unchanged

•Modest uptick in euro area inflation to do little to ease slowdown fears

ECONOMIC DATA ANALYSIS - FOMC ON TRACK TO END QE BUT GLOBAL HEADWINDS PERSIST

GVI Forex john 15:19 GMT October 24, 2014
BREAKING NEWS

Stress tests due at 11:00 GMT on Sunday

Paris ib 14:59 GMT October 24, 2014
BREAKING NEWS

As Paul Craig Roberts put it:

My Ph.D. dissertation chairman, who became a high Pentagon official assigned to wind down the Vietnam war, in answer to my question about how Washington gets Europeans to always do what Washington wants replied: “Money, we give them money.” “Foreign aid?” I asked. “No, we give the European political leaders bagfuls of money. They are for sale, We bought them. They report to us.”

So when Europeans or Japanese make decisions which are clearly not in their interests the explanation is relatively simple. It remains to be seen if the U.S. has bought enough politicians to push a European QE through. They managed with Japan. We shall see.

We bought them

PAR 14:58 GMT October 24, 2014
CRUDE
Reply   
FXStreet (Mumbai) - WTI Crude Oil declined today as markets gained more clarity over Saudi’s Crude policy.

WTI Crude is trading 2% down at USD 80.44/barrels, down from a high of USD 82.37/barrel. Moreover, Saudi Arabia ‘s crude oil production increased in September, even though the supply was reduced. The sell-off in crude prices indicates that markets are more interested in seeing an actual cut in the crude oil production.

Crude prices also came under pressure after a first case of Ebola was confirmed in the US, which sparked fresh concerns over the spread of the virus. Moreover, Risk assets across the globe came under pressure today due to the Ebola concerns.

WTI Crude Technical levels

WTI crude has an immediate support of 80.05, below which prices can fall to 79.38 levels. Meanwhile, prices may rise to 82.36 levels if the immediate resistance of 81.17 is breached.

GVI Forex john 14:56 GMT October 24, 2014
BREAKING NEWS

After European Clocks move back by an hour early Sunday, the time gap between New York and London markets will shrink to four hours from five until North American clocks move back an hour one week later.

SaaR KaL 14:55 GMT October 24, 2014
Day's Trades

Out of AUDUSD Longs ...relongs from 0.8620 area

GVI Forex Blog 14:51 GMT October 24, 2014 Reply   
October 24, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Monday, October 27. Updated: Trading News Events Calendar HIGH IMPACT NEWS: GB/EZ- Clocks Back one hour, DE- IFO Survey, US- flash Service PMI, Pending Homes Sales

GVI Forex Data Outlook for October 27, 2014

Mtl JP 14:51 GMT October 24, 2014
Fed Decision next Wednesday

the benevolence displayed by the FED out of "fear of the future damage it may do" is surely worthy of some Nobel recognition , particularly in light of recent global growth fears that polluted recent headlines.

GVI Forex john 14:49 GMT October 24, 2014
BREAKING NEWS



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

HIGH IMPACT NEWS: GB/EZ- Clocks Back one hour, DE- IFO Survey, US- flash Service PMI, Pending Homes Sales

  • Far East: No Major Data
  • Europe: GB/EZ- Clocks Back one hour, DE- IFO Survey
  • North America: US- flash Service PMI, Pending Homes Sales


GVI Forex john 14:36 GMT October 24, 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.

For Example, 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 14:31 GMT October 24, 2014
Fed Decision next Wednesday
Reply   
As I look at the markets, economy etc., as a comprehensive picture, I don't see any pressing need for the Fed to do much next week. We know that the Asset Purchase Program has outlived its useful life and the central Bank would love to be done with this program for fear of the future damage it may do. I expect it to be trimmed again or eliminated, but for the doves to keep interest rate policy on hold.

I don't expect this meeting to have a major impact on the USD, but we will be keeping a constant watch into the meeting.

Mtl JP 14:24 GMT October 24, 2014
BREAKING NEWS

ib 13:58 the German does count. Probably as an anti-character in the Kabuki. The printer , however, trumps. There is a reason why the German is still occupied by American boot. His submission and ultimate impotence is so well illustrated by his "decision" to stop repatriation of his Gold from the Fed

SaaR KaL 14:11 GMT October 24, 2014
Day's Trades

NDX Most likely dips again into 3800 to get coffee and then back over 4070 next week
Not doing anything with it yet

GVI Forex john 14:09 GMT October 24, 2014
BREAKING NEWS

New Homes Sales (blue line) dead flat from early 2013.

jkt abel 14:07 GMT October 24, 2014
buy euro
Reply   
bought 1.2691
stop 1.2647
target 1.2850

GVI Forex john 14:06 GMT October 24, 2014
BREAKING NEWS

New Homes Sales in September unchanged from downwardly revised August data.

Livingston nh 14:05 GMT October 24, 2014
BREAKING NEWS

JP - there's a lag of up to 3 months to closing - contract usually has contingencies, i.e., mortgage

Mtl JP 14:03 GMT October 24, 2014
BREAKING NEWS

what is the dif signed contracts vs closed sales?

GVI Forex john 14:02 GMT October 24, 2014
BREAKING NEWS

New Homes sales unchanged AFTER revisions. These are signed contracts, not closed sales, as in Existing Homes Sales.

GVI Forex john 14:00 GMT October 24, 2014
BREAKING NEWS

U.S. New Home Sales September 2014



ALERT
467K vs. 470K exp. vs. 504K (r 466K)prev.


New Residential Sales


TTN: Live News Special Offer

Mtl JP 14:00 GMT October 24, 2014
CURRENT CONDITIONS: Risk-Off



interest currently approximately calm and steady

Paris ib 13:58 GMT October 24, 2014
BREAKING NEWS

JP - whatever that means. The Americans printed. It didn't work. So far the market has mostly ignored how badly it didn't work. However, when you add in all the tragic geopolitical mistakes the Americans have made, to compound the problem, then we are likely to see fairly soon just how badly it hasn't worked. And no, despite all the encouragement from these right wing think tanks and publications, the ECB is not about to embark on QE to save the USD. Even if half Europe's politicians and bankers are on the U.S. payroll. And yes Germany does count. And from where I'm standing: thank god for that.

Paris ib 13:55 GMT October 24, 2014
BREAKING NEWS

Europe - or rather the Euro Area - is currently running a current account surplus equivalent to 2.5% of annual GDP. The capital available in Europe is plenty. But if you think 'the end is nigh' and the Euro area is going to break up and so and so forth then may I suggest taking a short position on the Euro, which is currently trading at 1.2685. I have no problem taking the other side of that trade.

Mtl JP 13:53 GMT October 24, 2014
BREAKING NEWS

don't forget that Europeans have relatively recent experience with restructuring public and private debt: default thru hyper-printing (in Germany) and finally money exchange a la Française. It is a formula that has worked with all its pains (to most) and pleasures (to some). And a historical suggestion to leave aside personal indignation and accept that bankers have less than zero sympathy for the great unwashed.

Livingston nh 13:51 GMT October 24, 2014
BREAKING NEWS

EURzone banks got the AQR news last night - the joint fund is 50 bio EUR -- so how much is required? raising capital in some country banks will be difficult especially if bank stocks in question sell off after the report

SaaR KaL 13:41 GMT October 24, 2014
Day's Trades

AUDNZD
recommended short here folks
tgt 1.10 area

Paris ib 13:40 GMT October 24, 2014
BREAKING NEWS

From the Economist: 'central bankers are not providing the world with the inflation it needs'

There is so much wrong with that sentence. Suffice to say: I stopped reading the Economist years ago. I don't need ideology rammed down my throat by a bunch of people who have never even had a real job.

Mtl JP 13:37 GMT October 24, 2014
BREAKING NEWS

ib ... a (trade suggestion) bone or you:

The dangers of deflation Economist

Print they will. It does not matter what the German wants.
Too much bank and fin institution debt trumps.

PAR 13:37 GMT October 24, 2014
EBOLA
Reply   
Ebola fears are over . Stocks up .

london red 13:30 GMT October 24, 2014
BREAKING NEWS

Euro feeling bid. Res at 86 might give as its making a bit of a coiled spring but expect trendline to hold at 12735 and price to close below 10 day ma at 2721 and poss 20 at 2685. Close below 12686 on the week is bearish.

Paris ib 13:24 GMT October 24, 2014
BREAKING NEWS

Our friends in the media and on the newswires have been pressing too hard on the 'sell Euro' button lately. All the spooky headlines based on nothing much (ECB to buy corporate bonds, then there was another 'scare' story I can't even remember now)...... all the boo stuff is starting to undermine their credibility. Meanwhile lurking in the shadows another story waits to break....

"unless it can continue rolling over trillions of dollars in short-term debt every month at record-low interest rates, it won't be able to pay the interest on its debt or its bills....... causing a financial stampede to the exits just requires somebody to yell “Boo!” loudly and frighteningly enough."

In the Shadows

GVI Forex john 13:08 GMT October 24, 2014
BREAKING NEWS

Belgian Consumer Confidence -6.8 vs -7.9. Usually a predictor of German IFO due on Monday.

Mtl JP 13:07 GMT October 24, 2014
BREAKING NEWS

it might be .. maybe the expection was for 80+ banks failing

London Chris 13:00 GMT October 24, 2014
BREAKING NEWS

This is not being borne out by the price action.

GVI Forex john 12:53 GMT October 24, 2014
BREAKING NEWS

Hearing report 25 of 130 banks failed AQR stress tests. Not an authoritative report.

london red 12:21 GMT October 24, 2014
PIVOT POINTS: Trading System

yen. home sales. buy dip to 64/39. if below there it aint coming back. but, i think upside will win out today so short side wont get triggered today.

GVI Forex john 12:19 GMT October 24, 2014
PIVOT POINTS: Trading System

Of course you cannot trade USDJPY without following S&P. The two generally have been trading together today, but not as closely as it has been in the recent past. The relationship tends to tighten as U.S. activity gathers steam.

GVI Forex john 12:14 GMT October 24, 2014
CURRENT CONDITIONS: Risk-Off

SP -7
DJ -41
DAX -56

10-yr 2.243%

GVI Forex john 12:08 GMT October 24, 2014
PIVOT POINTS: Trading System

EURUSD is roughly at neutrality with its pivot 1.2647 and key 20-day avg 1.2684.
R1 1.2680
S1 1.2617

GVI Forex john 11:58 GMT October 24, 2014
PIVOT POINTS: Trading System

The first thing that jumps out at me is that the USDJPY LOD is 107.86 and the pivot point is 107.88. A pivot point can be a break-out level, a determinator of market tone or support/resistance. At the moment it is support, and the USD tone above 107.88 should be positive and below it should turn negative.

R1 is distant at 108.62

GVI Forex Jay Meisler 11:53 GMT October 24, 2014
Day's Trades

As I posted earlier on GVI Forex

Since it is hard to suggest aggressive new positioning into this weekend the question is how much is taken off the table. Have to watch eurusd 1.2650 as that will give a clue as to whether there is profit taking. Same true for usdjpy 108.

GVI Forex john 11:38 GMT October 24, 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


SaaR KaL 11:22 GMT October 24, 2014
Day's Trades

Now watching

I love propaganda movies by Hollywood financed by the CIA / NSA using other peoples tax money
propaganda movies have become comedy to me since 2000...LOL
Continuous cover up,,,is really funny

http://www.primewire.ag/watch-2752944-A-Most-Wanted-Man

GVI Forex Blog 11:15 GMT October 24, 2014
Global Marklets News
Reply   
The USD/JPY pair was back above the 108 level aided by reports that BOJ saw a much bigger possibility of inflation slipping below 1%, pushed down by falling crude oil prices then opening the door for more potential QE

TradeTheNews.com EU Market Update: Looming weekend for event risk with ECB stress test results; also elections in Brazil and Ukraine

SaaR KaL 09:59 GMT October 24, 2014
Day's Trades

I am covering my longs near 1.6130
then relong <1.60 again

london red 09:39 GMT October 24, 2014
Day's Trades

cable. back under 200 hour, thats the near term topside marker. focus on 16018 while below.
gdp details worse than headline. servs soft, propped by construction. servs always uk ace, so if slowing, gdp will tail off further. oct servs data now pivotal.

SaaR KaL 09:30 GMT October 24, 2014
Day's Trades

EURUSD most likely from here into above 1.2800
might back down to 1.2600 again
it will take a while to get to 1.38 folks

SaaR KaL 09:26 GMT October 24, 2014
Day's Trades

Longing USDJPY here is dangerous
IMO dips again to 106
then again north to 108.6
for the bigger wave drop

london red 09:25 GMT October 24, 2014
UK & EUROPE

people blame italy france for slow reform but how can anyone expect reforms by member states in euroland when there is no financial benefit in doing so.
everyone equal. communism.
uk votes out of this bs outfit 2017. or earlier depending on the election result next year.

sd sf 09:23 GMT October 24, 2014
BREAKING NEWS

gbpyen as well is pretty important

was couple of highs 60-65 and now tested 90 and rejected.

I'm not that confident $yen can track up through 30 till we see US Stock Performance -- because really it has just bailed out some weakish longs from Asia .. I doubt there is any fresh new longs going in at these prices.

EUR you can see its tough to push it lower or to get it higher - which spells bad news for someone on the open Monday depending how things turn out... as not much chance to do anything with a bad position... in such a small range.

AUD I was wrong on that I thought it would stay 30-65 and Gold 27-32... but that's the market for you.

Back at it Tuesday .. all the best.


GVI Forex Blog 09:23 GMT October 24, 2014
RISK OFF: U.K. 3Q14 Solid and in Line With Street Estimates. Light U.S. Data Calendar. ECB Bank Stre
Reply   
HIGH IMPACT NEWS: US- New Homes Sales

Preliminary 3Q14 U.K. GDP grew solidly and in line with street expectations. The GBP is up on the news. Today has a light data calendar with U.S. New Homes Sales due, Over the weekend, European clocks are turned back one hour. North American clocks change a week later.

RISK OFF: U.K. 3Q14 Solid and in Line With Street Estimates. Light U.S. Data Calendar. ECB Bank Stress Tests Sunday

PAR 09:21 GMT October 24, 2014
UK & EUROPE
Reply   
If you are member of a club you have fom time to time pay your membership fee . If you find it too expensive ,look for a cheaper less exclusive club .

GVI Forex john 09:02 GMT October 24, 2014
CURRENT CONDITIONS: Risk-Off
Reply   

09:00 GMT- Current Market Conditions
:
Early in European trade, markets are in a mild RISK-Off posture heading into the ECB bank stress tests due on Sunday. We would not be surprised to see results leaked at any time.  In Far East trade, equities ended mixed.  European bourses are broadly weaker.  U.S. share futures are lower.

U.S. 10-yr yields are lower. 10-yr yields in bunds and gilts are down as well. Peripheral bond yields are higher.




The heat map color scheme of interest rates reflects yields.


london red 08:58 GMT October 24, 2014
BREAKING NEWS

eurgbp. 70-74 v imp for direction.

london red 08:49 GMT October 24, 2014
BREAKING NEWS

data probably a slight relief hence the bounce but think 16080-16112 good lvl to sell stop over over 6132

GVI Forex john 08:35 GMT October 24, 2014
BREAKING NEWS

U.K. preliminary 3Q14 GDP down slightly. Solid data.


GVI Forex john 08:30 GMT October 24, 2014
BREAKING NEWS

UK GDP-- 3Q14 preliminary




-- NEWS ALERT --

QQ +0.70% vs. +0.70% exp. vs. +0.90% prev.
YY +0.30% vs. +3.00% exp. vs. +3.20% prev.


RELEASE: U.K. GDP


TTN: Live News Special Offer

SaaR KaL 07:57 GMT October 24, 2014
Day's Trades

will buy a put on aapl today
Nov/2014
strike 100
will close the option when aapl gets near
99

SaaR KaL 07:39 GMT October 24, 2014
Day's Trades

Few pairs that are IMO all year position
USDJPY shorts above 107 tgt 98
USDCAD SHorts above 1.13 tgt 1.04

GBPJPY short from above 176 TGT < 150
GBPNZD shorts from above 2.06 tgt 1.95

NDX Shorts from above 4070 tgt 3200
DJI Shorts from above 17200 tgt 15500
AAPL Shorts from above 106 tgt 75
Silver longs from around 17 tgt 23
Gold Longs from 1220 tgt 1400
AUDUSD Longs from below 0.8650 tgt 0.96

SaaR KaL 07:18 GMT October 24, 2014
AMZN

not from 370 mid next year ---->
Heading to 150 the following 4 years
:)

PAR 07:07 GMT October 24, 2014
AMZN
Reply   
Is Amazon too big to fail ?

london red 07:02 GMT October 24, 2014
morning thoughts
Reply   
yen. 107.65 is the figure of note today, the top channel line. vital for the pair to close abv this support, but allow for a bear trap to 39 intraday.
cable. position taking this morning suggests little support for a gdp north of +0.7. with servs still at prev levels but manufacturing down a bit, its prob a fair print to expect. fib at 15994 guards the downside, below there it targets 1.5948/50 whatever the outcome of the gdp. even at 0.7 growth is slowing from 0.9, its an argument the bears could take hold of so watch the support. topside, res found at 6068/79 then 6108/12 on any relief rally.
euro. pivoting 12649. pocket of res at 86/07, support at 22/16. hourly charts suggest a further wave lower to support, but needs to stay under 49 to keep that in plat, otherwise its likely more pivoting waiting for us session.

PAR 07:00 GMT October 24, 2014
BREAKING NEWS

Ebola is no longer a market factor .
By tonight NY is ebola free .

The Ebola story will no longer impact markets , on the contrary positive for certain drug companies;

Hong Kong AceTrader 06:35 GMT October 24, 2014
AceTrader Oct 24: Intra-Day Market Moving News and Views (GBP/USD)
Reply   
Intra-Day Market Moving News and Views

24 Oct 2014 05:00GMT

GBP/USD - ...... Cable fell yesterday to a near 1-week low after U.K. retail sales showed continued slowdown consumer spending & industrial orders, damping expectation on timing of the BoE's rate hike in 2015.

Britain's brisk economic recovery is showing more signs of cooling after shoppers bought less, exporters took a hit fm Europe's slump and banks approved the fewest mortgages in more than a year.
Data released on Thursday underscored why the BoE is signalling that it is in no rush to raise interest rates, even as U.K.'s economic growth continues to outpace that of most other industrialised nations.

Earlier, BoE deputy governor Ben Broadbent had said that any future rise in interest rates was likely to be gradual, and that underlying interest rates - which dictate investment returns n BoE policy - would stay low for some time.
In a third set of figures, factory export orders in the 3 months to Oct fell to their lowest level since the start of last year as Europe's slowdown took its toll on British manufacturers.

Today's prelim. Q3 GDP data are expected to show growth cooled in the 3 months to Sep to a quarterly 0.7% fm 0.9% in the Apr-Jun period. A further slowdown is possible in the final 3 months of the year.
The recovery in Britain's economy has pushed the unemployment rate down to 6%. But pay is still lagging behind inflation, a reflection in part of how many people have found work in low-paying industries.

A survey published on Thursday showed the biggest fall in 4 years in one measure of consumer confidence as many of those workers feared they could lose their jobs as the economy cools off.

SaaR KaL 05:31 GMT October 24, 2014
Day's Trades
Reply   
AUDUSD
NZDUSD Cable EURUSD...all Buying

GVI Forex Blog 05:13 GMT October 24, 2014 Reply   
- (CN) CHINA SEPT NEW HOME PRICES M/M: PRICES RISE IN 0 OF 70 CITIES V 1 PRIOR; Y/Y: PRICES RISE IN 10 OF 70 CITIES V 48 PRIOR - (CN) CHINA SEPT CONFERENCE BOARD LEADING ECONOMIC INDEX M/M: 0.9% V 0.7

TradeTheNews.com Asian Market Update: Rebound infected by NYC Ebola scare; China property prices continue to slide - Source TradeTheNews.com

sd sf 05:07 GMT October 24, 2014
Morning

just coming into this 3 hour period in EUR - where we have been trading 50 pips a day .. I am slightly biased to the upside

so I will go with 40-90 .. but am aware it could well stay 25-75 with maybe some late sellers into that weekend stuff... blocking much past 75.

thoughts/comments ?

Mtl JP 03:15 GMT October 24, 2014
Morning

sd sf 01:34 tks 4 insight !

sd sf 02:41 GMT October 24, 2014
Morning

I know the AUD got whacked early on -- but it should stay offered - as well as Gold .. as when you get these type of factors there is no place to really hide .. despite the $yen softer tone here in Asia.

imo ... EUR + GBP should benefit more .. maybe we see that in early London.

Hong Kong AceTrader 02:15 GMT October 24, 2014
AceTrader Oct 24: Intra-Day News and Views (USD/JPY) & data to be released today
Reply   
Intra-Day Market Moving News and Views

24 Oct 2014 01:49GMT

USD/JPY - ..... Just when the market gave a green light to buy the dlr/sell the yen on Thursday after yesterday's upbeat data in the euro zone (PMIs) and the U.S. (falling jobless claims, rising leading indicators), news on the 1st diagnosed case of Ebola in New York knocked the wind off the USD, knocking the pair briefly to 107.87 in Tokyo as the news triggered a bout of yen buying on risk aversion.
Nikkei pared initial gain after the N225 futures rallied 300 points (Nikkei spot index is currently up 142 points at 15280) & S&P futures are trading in negative territory.

Unless the Nikkei heads higher again later in the day once current Ebola scare subsides, range trading with downside bias is seen.
For now, offers are tipped at 108.10/20 and more above with stops above yesterday's NY high at 108.36.
Initial bids are noted at 107.85-80 and more below with stops touted below 107.40-35.

Japan's FinMin Taro Aso talked about the importance to proceed with sales tax plan as scheduled to maintain trust in JGB market.
Aso continued to say that the MoF will continue to communicate with markets to make sure discount bills and JGBs are auctioned smoothly.

Last night the greenback maintained a firm undertone due to renewed risk aversion as Dow Jones index rallied by more than 225 points or 1.37% to 16654. Besides, U.S. 2-year treasuries note yield climbs near 0.4%, highest in more than a week.
Bids were located at 108.10-05 n more at 107.90-80.
On the upside, some offers were tipped at 108.40-45 with mixture of stops n offers is seen at 108.50.

Friday will see the release of New Zealand trade balance, imports, exports, China house prices, Germany consumer sentiment, Italy retail sales, UK GDP and U.S. new home sales.

sd sf 01:49 GMT October 24, 2014
Morning

2 things about that

* at the moment the market is still bullish in $yen - but your right Stocks later will be important... which I can't know just yet what they will do.

* this is how the Japanese traders will trade it - all bets are off when other markets enter of course... Tokyo will have bids just in front of 80 and 60 ... you will have to gauge the rebounds/price action... as to how solid they will be if something changes.

NY JM 01:41 GMT October 24, 2014
Morning

Much will depend on how far stocks slip on the Ebola news??

sd sf 01:34 GMT October 24, 2014
Morning

just as a guide in bullish $yen markets

normally you see 78 hold on the pullback -- if that breaks then it tends to run down to 58 before recovering back above 78.

so those are the 2 levels I'd be looking at.

GVI Forex Blog 00:43 GMT October 24, 2014
Forex News
Reply   
* Yen down broadly, hits two-week lows vs USD

* Wall Street rally & higher U.S. yields lift dollar/yen

* New Zealand dollar nursing post-CPI blues

* Ebola scare in New York watched

FOREX-Yen stumbles as strong US earnings revive risk trades

dc CB 00:36 GMT October 24, 2014
BREAKING NEWS

NYTimes reports

A doctor in New York City who recently returned from treating Ebola patients in Guinea tested positive for the Ebola virus Thursday, becoming the city’s first diagnosed case.

Patient in New York City Tests Positive for Ebola

 




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