Forex Forum Archive for 11/02/2014

GVI Forex john 23:11 GMT November 2, 2014
BREAKING NEWS

Australian PMI much stronger than expected.

GVI Forex john 23:06 GMT November 2, 2014
BREAKING NEWS

Australia PMI Octobber 2014

jkt abel 22:40 GMT November 2, 2014
USD/YEN Chart gazing

well AL, it just got more and more extreme, just buy

london red 22:24 GMT November 2, 2014
USD/YEN Chart gazing

opening gap. day. week. month. youd expect the gap to be filled 99% of the time and to trade within the previous periods range, otherwise expect the candle to be of similar size in the prevailing direction (look at the the monthly chart back end of 2012 into 2013 to see a recent example). and the boj move is a game changer.
theres a daily trendline at 111.90, the gap at 112.47 ahead of that. unless we move under 111.90, 115 looks on the cards certainly this year maybe even in november.

NJ CT 22:05 GMT November 2, 2014
USD/YEN Chart gazing

usdjpy buy level anyone?

Mtl JP 21:31 GMT November 2, 2014
USD/YEN Chart gazing

Livingston nh - this is from Yellen a year ago who "defended the bond-buying program, known as quantitative easing, against criticism that it has primarily benefited the wealthy because of the boost it has given to prices of riskier assets, such as stocks.

"You know, a lot of people say this (asset buying) is just helping rich people. But it's not true. Our policy is aimed at holding down long-term interest rates, which supports the recovery by encouraging spending," she said in the interview, conducted on the day the Senate confirmed her nomination. "And part of the (economic stimulus) comes through higher house and stock prices, which causes people with homes and stocks to spend more, which causes jobs to be created throughout the economy and income to go up throughout the economy." - rtrs
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It would seem FED's model is like any other: gigo

Syd 18:02 GMT November 2, 2014
FED LACKER
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Fed's Lacker: Inflation Is Low and Not a Problem -- Fox
Expects Economy to Continue Growing at Good Pace
Says Banks Need Credible Living Wills
Job Market Has Been Surprisingly Good
'Looks Plausible' Fed Will Need to Raise Rates Next Year -- Fox News
Stagnant Growth Abroad Not Likely to Affect U.S. Outlook Much

GVI Forex john 17:22 GMT November 2, 2014
BREAKING NEWS



October 31, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Monday, November 3. Updated: Trading News Events Calendar

HIGH IMPACT NEWS: AU- Mfg PMI CN- PMIs, EZ- Mfg PMI's CH- PMI, GB- PMI, CA- PMI, US- PMI's

• Far East: AU- Mfg PMI CN- PMIs
• Europe: EZ- Mfg PMI's CH- PMI, GB- PMI
• North AmeriicaCA- PMI, US- PMI's, Consumer Spending

Mtl JP 17:18 GMT November 2, 2014
Monday is Global Manufacturing PMI Day. Busy Week in Store

(Reuters) - President Barack Obama will meet with Federal Reserve Chair Janet Yellen on Monday to discuss "the long-term outlook for the American economy and the global recovery," a White House official said.

Obama met periodically with Yellen's predecessor, Ben Bernanke, and was continuing that trend, the official said.

"This meeting is a continuation of that important dialogue on the state of the economy, financial reform, and other economic issues," the official said.

GVI Forex Blog 16:58 GMT November 2, 2014
Monday is Global Manufacturing PMI Day. Busy Week in Store
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HIGH IMPACT NEWS: AU- Mfg PMI CN- PMIs, EZ- Mfg PMI's CH- PMI, GB- PMI, CA- PMI, US- PMI's

Over the weekend, North American clocks are turned back one hour.Over the weekend, North American clocks are turned back one hour. The upcoming week starts off with the release of Manufacturing PMIs from a slew of economies. Monday is also a holiday in Japan.

Monday is Global Manufacturing PMI Day. Busy Week in Store

Livingston nh 16:53 GMT November 2, 2014
USD/YEN Chart gazing

It seems that Japan is still using a flawed plan - both fiscal and monetary are merely larger versions of earlier mistakes - QE in its various forms is geared to hyping the price of assets which is essentially deflationary because it brings more supply to market // all of the current crop of CBers are economists first, with little understanding of markets and players

ON the fiscal side it is almost as bad - Japan hiked sales tax and most folks asked "didn't they screw up like this before?" and this time was worse because they left a second shoe hanging to be dropped at a later date -- a sales tax is about the worst possible move when an economy needs domestic demand // in every major economy there is an inherent "productivity tax" in the form of regulation, and it is a failing of modern government regardless of political party control -- economic ideology dominates political discussions in much the same way as religious and/or social policy dominated in prior centuries

AND now the Goal is Inflation for the pointy heads - Lewis Carrol economics (not Keynes) and Monty Python ministries (e.g., an Ebola CZAR)

Same old same old BUT I'm sure it will be different this time

GVI Forex john 16:51 GMT November 2, 2014
PIVOT POINTS: Trading System
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USD & EUR Pivots. Chart Point tables.

PAR 15:25 GMT November 2, 2014
Deflatio in Europe
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ECB s new headquarters was supposed to be completed in 2011 and cost � 850m , but a rise in the price of construction materials and a 3 year delay led costs to spiral to over �1.2 billion.

So if I was the ECB I would not worry too much about DEFLATION which only exist in the fantasy world of bad econometrists but not in real life.

From �850 to over �1.2 billion that' s almost hyperinflation ! Well done Draghi .

Dillon AL 15:15 GMT November 2, 2014
USD/YEN Chart gazing

The UsdJoy has a habit of placing an extreme on or near to the 1st of a month

Singapore Muku 11:32 GMT November 2, 2014
USD/YEN Chart gazing

Prefer to buy dip if it comes. Japan closed Monday.

manila tom 06:20 GMT November 2, 2014
USD/YEN Chart gazing

so we all agree to buy usdjpy on monday big time?
gap up to above 113 perhaps?

HK RF@ 03:53 GMT November 2, 2014
USD/YEN Chart gazing
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Chart gazing brings me to a conclusion, that Yen longer term, is heading to [135,137], with some significant Res. that should to be watched at 122 for temporary correction.

No doubt that Japan QE, is a connivance event with the US.

Japan economy may not benefit, but US stock market will blowup, probably to about 19000 for the Dow.

CB's probably are trying to deplete investors out of their gold holdings, until the arrival of the great crash.
Per my suspicion, stops at 1000/Oz may be triggered.

shanghai bc 01:16 GMT November 2, 2014
BREAKING NEWS


John

GDP has a lot to do with money changing hands,be it eating out or holiday travels..Different from PMI components..China has rounded up several thousand top officials on corruption charges this year..Anti-corruption movement is sweeping the country at the moment..It affects local economy where local officials like mayors play an important role in economy..China is lucky ,with so many officials locked up in jail,GDP is still above 7%..

Dillon AL 00:18 GMT November 2, 2014
WEEKLY LOOK AHEAD: Ignore the Central Banks at Your Peril - November 2, 2014

In GVI archives
Friday's Trading Outlook
Dillon AL 13:39 GMT 10/31/2014