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Forex Forum Archive for 11/06/2014

Pick a date from the header above to view forum postings for that day.
Click here to join the Live Forex Forum.


dc CB 22:13 GMT November 6, 2014
But didn't they just report a Profit?
Reply   
From the just released press release which sees its Q3 EPS revised down from $0.04 to -$0.04

Bank of America Corporation today announced an adjustment to its financial results for the third quarter ended September 30, 2014 to include additional litigation expense related to its foreign exchange business.
As a result of those discussions, the company recorded a $400 million non-deductible charge and adjusted its third-quarter 2014 financial results to a net loss of $232 million or $(0.04) per share. There can be no assurance as to the ultimate outcome of these matters.
The company’s Quarterly Report on Form 10-Q, which is being filed today with the U.S. Securities and Exchange Commission, will reflect the adjustment.

Bank Of America Finds It Did Some More Crime In Q3, Revises Previously Released Earnings Lower By $400 Million

GVI Forex john 21:53 GMT November 6, 2014
BREAKING NEWS



November 6, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, November 7. Updated: Trading News Events Calendar

HIGH IMPACT NEWS RELEASES: DE- Industrial Output, CH- CPI, GB- Trade, US- Employment, Yellen, CA- Employment

  • Far East: No Major Data.
  • Europe: DE- Industrial Output, CH- CPI, GB- Trade.
  • North America: US- Employment, Yellen, COT, CA- Employment.


GVI Forex john 21:51 GMT November 6, 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




GVI Forex john 21:42 GMT November 6, 2014
BREAKING NEWS

Weekly Trading Planner Top Items (GMT):
FRIDAY
09:15  CH CPI SNB targets inflation
09:30 GB Trade External accounts
13:30 CA Jobless Key growth measure
13:30 US Jobless Top U.s. indicator
15:15  FRB Yellen Paris key speech
 

GVI Forex Jay Meisler 21:41 GMT November 6, 2014
Targets

Price action suggests market is still scrambling on the EURUSD another failed correction attempt pre-ECB.

The key target that I have been pointing out for months at 1.2040 is now on the radar.

Immediate target is 1.22 should 1.2350 firmly give way. This suggests 1.2350 is a pivotal level.

On the upside, 1.24+ is needed to slow the move, 1.2440-50+ to shift focus back to 1.25. Expect EURUSD offers between 1.2400-40 pre-NFP

GVI Forex john 21:40 GMT November 6, 2014
CURRENT CONDITIONS: Risk-On

CLOSING LEVELS...



HK [email protected] 21:26 GMT November 6, 2014
Is there anything about gold we don't know???
Reply   




Gold first target 935, longer term 424 ????

This can happen for example if a huge new source is pouring the metal into the market. Or maybe a big trust crisis about gold, or maybe.....

Or just a Tech break below 1185, which may later be corrected.



dc CB 21:17 GMT November 6, 2014
New Closing High on S and P



Since Bullard's utterance, we have had 12 up days and 4 down... (look at volume!) ZH

SnP and Da FED Effect

gc sf 20:54 GMT November 6, 2014
Asia
Reply   
YEN - my whole idea on $YEN was based on the fact of whether EUR would break down or not ... now that it has unlike yesterday I don't want to be short this market as if we see a continuation move - this could end up @118

for Asia today I'm sure we will try to sell it at some point but I would expect the low to be 78 85 93 something like that -- then later we try to break 115.50

a good NFP is going to destroy those short USD - as being a Friday I can't see much retracement if it gets moving.

see how it plays out.

GVI Forex john 20:42 GMT November 6, 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 20:35 GMT November 6, 2014
USDJPY
Reply   
USDJPY tracking S&P higher all afternoon

Paris ib 19:51 GMT November 6, 2014
New Closing High on S and P

Well QE has stopped I guess....

Money Printing

Paris ib 19:50 GMT November 6, 2014
New Closing High on S and P

More Japan than the U.S.

Weimar and parallels

PAR 19:45 GMT November 6, 2014
New Closing High on S and P

Happy . Central Plan Bureau also had Soviet economy in great shape and no unemployment at all .

In Weimar republic stock markets did even better than today .

Paris ib 19:39 GMT November 6, 2014
New Closing High on S and P

All this happy talk all this money injection and Treasuries weaken. There is yr weak link.

Treasuries

GVI Forex john 19:36 GMT November 6, 2014
New Closing High on S and P

Good and Bad news tomorrow are BOTH

Good News for stocks and USD ??

Paris ib 19:35 GMT November 6, 2014
New Closing High on S and P

See there really is nothing wrong with the economy. :-)

PAR 19:31 GMT November 6, 2014
New Closing High on S and P

Everyday till the end of the year . Happy .

Paris ib 19:28 GMT November 6, 2014
New Closing High on S and P
Reply   
I would suspect we will get a new high tomorrow as well.

GVI Forex john 18:54 GMT November 6, 2014
PIVOT POINTS: Trading System

EURUSD
testing
S2 1.2393 (1.2385 LOD)
S3 1.2327

Pivot point support and resistance levels do not always work perfectly but are frequently useful in providing the rough SCALE of a move that can be expected.

On another note, it appears the markets have gotten positioned for a strong U.S. payrolls number tomorrow. This tells you now where the risks lies.

GVI Forex Blog 18:38 GMT November 6, 2014
ECB Sends Dovish Message, But Short on Action. No BOE Changes as Expected. German Data Miss
Reply   
HIGH IMPACT NEWS: DE- Industrial Output, CH- CPI, GB- Trade, US- Employment, Yellen, CA- Employment

Friday highlights are U.S. and Canadian Employment data, plus several items from Europe and the U.K. ECB President Draghi did not disappoint the markets on Thursday when he made it clear that the central bank was prepared to do whatever is needed to support the Eurozone economy. Observers said he appeared to be irritable following the council meeting.

ECB Sends Dovish Message, But Short on Action. No BOE Changes as Expected. German Data Miss

GVI Forex john 18:28 GMT November 6, 2014
Speaker of the House Boehner
Reply   
Press Conference

So far nothing new. Talking about tweaks to Obamacare other areas where he says both sides can work together on areas of agreement.

Everybody says the same thing.

london red 18:20 GMT November 6, 2014
Targets

euro 38.2 of 160/065 12377
cable 38.2 of 210/130 15786

Miami JN 18:09 GMT November 6, 2014
Targets
Reply   
eurusd??

gbpusd??

NY JM 17:19 GMT November 6, 2014
Draghi

JP, ditto

Mtl JP 17:17 GMT November 6, 2014
Draghi

PAR... just keep selling the euro on pops or retracements
you ll know when to turn the bias around

PAR 17:05 GMT November 6, 2014
Draghi
Reply   
Marc Ostwald

"The biggest problem with the statement that "the Governing Council is unanimous in its commitment to using additional unconventional instruments within its mandate" is that it is vacuous, when the next sentence is: "The Governing Council has tasked ECB staff and the relevant Eurosystem committees with ensuring the timely preparation of further measures to be implemented, if needed." In plain English, this says "we have an easing bias, but we have no idea at the moment what else we might do." If that is meant to be 'forward guidance', then
God help us all."


The apt quote in conclusion appears to be this:

"People know what they do; frequently they know why they do what they do; but what they don't know is what what they do does." — Michel Foucault (Madness and Civilization: A History of Insanity in the Age of Reason, 1961)

GVI Forex john 16:58 GMT November 6, 2014
CURRENT CONDITIONS: Risk-On
Reply   

17:00 GMT- Current Market Conditions
:
Late in European trade, markets have moved int0 in a RISK-ON posture after Mario Draghi at the ECB promised additional measures if needed  to boost the Eurozone economy. The gloomy ECB view on its economy persists. The promise of additional ease  undermined the  EUR and gave markets a lift.

In the Far East, equities ended mixed to lower   European bourses are higher. U.S. shares are higher at this hour. U.S. 10-yr yields are higher ahead of payrolls on Friday roughly. 10-yr bund and gilt yields are up. European peripheral bond yields are mostly lower.




The heat map color scheme of interest rates reflects yields.


Livingston nh 16:50 GMT November 6, 2014
GBP
Reply   
After BoE "mailed in" no change GBP is winning the race to the bottom - MPC now into the small window for pre-election change -- expectations for a rate hike in Q1 are now history but a New Year reduction in QE holdings might not roil currency market nor have the political impact of a rate hike

dc CB 16:29 GMT November 6, 2014
S and P New High and Fail ?

at the 3rd target is less than a month.
Required pause?

emini

GVI Forex Blog 16:24 GMT November 6, 2014 Reply   
November 6, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, November 7. Updated: Trading News Events Calendar HIGH IMPACT NEWS RELEASES: DE- Industrial Output, CH- CPI, GB- Trade, US- Employment, Yellen, CA- Employment

GVI Forex Data Outlook for November 7, 2014

Paris ib 16:22 GMT November 6, 2014
S and P New High and Fail ?

New High on the S and P - 2026.77
Just barely higher. Waiting on NFP for direction I guess.

GVI Forex john 16:17 GMT November 6, 2014
BREAKING NEWS

GLOBAL-VIEW FORUMS ARE EASY TO USE!

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.

Livingston nh 16:10 GMT November 6, 2014
BREAKING NEWS

USD/RUB is above 46.5 now - UKRAINE on front burner as Republicans take Congress - individual sanctions could be replaced w/ broader country-wide policy // doubtful that affected European countries would join - they understand bear baiting risk

dc CB 16:07 GMT November 6, 2014
Auctions
Reply   
next week: Mon, Wed, Thurs
3s $26bln
10s $24bln
30s $16Bln

since POMO is over, for the first time in Years...no one to buy from the "Auction Buyers", no guarenteed dumping ground. How will the hook be baited?

GVI Forex john 15:44 GMT November 6, 2014
BREAKING NEWS



November 6, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, November 7. Updated: Trading News Events Calendar

HIGH IMPACT NEWS RELEASES: DE- Industrial Output, CH- CPI, GB- Trade, US- Employment, Yellen, CA- Employment

  • Far East: No Major Data.
  • Europe: DE- Industrial Output, CH- CPI, GB- Trade.
  • North America: US- Employment, Yellen, COT, CA- Employment.


dc CB 15:39 GMT November 6, 2014
BREAKING NEWS

AND The Polar Vortex is BAAACKK.

There goes the Economy:)))

Polar Vortex to Plunge Toward Central US Next Week

GVI Forex john 15:38 GMT November 6, 2014
BREAKING NEWS

any forex implications?

dc CB 15:34 GMT November 6, 2014
BREAKING NEWS

FWIW ZH is reporting the Ukraine war is Back.



*UKRAINE TROOPS, REBELS CLASHED 26 TIMES TODAY, MILITARY SAYS
*DONETSK REBELS ON DEFENSIVE AGAINST UKRAINE MILITARY MOVE: RIA
*UKRAINE ATTEMPTS TANK ADVANCE TO REACH DONETSK AIRPORT: IFX
*UKRAINE TROOPS STAY IN POSITIONS, ADHERE TO TRUCE: MILITARY
*UKRAINE MOVING HEAVY ARMOR IN AREA NEAR PISKY: IFX CITES REBELS
*DONETSK REBELS ON DEFENSIVE AGAINST UKRAINE MILITARY MOVE: RIA


Ukraine Begins "Large-Scale" Offensive In Donetsk; "War Has Resumed" Rebel Leader Warns

GVI Forex john 15:32 GMT November 6, 2014
BREAKING NEWS

US EIA Weekly Natural Gas Inventories (bcf)




ALERT
+91 vs. +85 exp vs. +87 prev.

EIA Press Release



GVI Forex john 15:30 GMT November 6, 2014
NFP Coming Up Next

nh- I agree. You can see from the chart where the 300K numbers are coming from. Bloomberg has a survey of economists calling for 285K.

I don't even see much directional correlation this year.

HK Kevin 15:28 GMT November 6, 2014
USD/JPY

HK Kevin 14:50 GMT 11/06/2014
Would it turn out to be a reverse day for USD/JPY? My sell order at 115 triggered earlier and now with stop above today's high and target 112.5. If today's close below 114.50, I will lower the stop to breakeven. Need some luck may be weak opening of Nikkei and NFP figure tmr

Move stop to breakeven and keep my finger crossed.

Paris ib 15:21 GMT November 6, 2014
Bizarre Times

Yeah there are two markets: the paper market (which is largely fiction and does not guarantee you ever actually get any Gold even if you hold a Certificate - just ask the Germans) and the market for delivery (which seems to have been cornered by China - they buy and take delivery). Paper can go to zero after all it's just paper. The physical market is another animal entirely and no-one really knows where the price is there.

Livingston nh 15:19 GMT November 6, 2014
NFP Coming Up Next

ISM is good for direction but not magnitude (NFP) -- the same w/ the ISM inflation vs CPI

dc CB 15:17 GMT November 6, 2014
Bizarre Times

today the physical metal shortage surged, as can be seen by not only the first negative 6 month GOFO rate since last summer's much publicized gold shortage when China was gobbling up every piece of shiny yellow rock available for sale, but a 1 month GOFO of -0.1850%: the most negative it has been since 2001!

something very abnormal is once again afoot at the nexus of the gold fractional reserve lending market.

Physical Gold Shortage Worst In Over A Decade: GOFO Most Negative Since 2001

Paris ib 15:15 GMT November 6, 2014
S and P New High and Fail ?

Italian stock market now down quite hard after being up quite a lot. Other European markets seeing selling. That didn't take long. :-))

GVI Forex john 15:12 GMT November 6, 2014
NFP Coming Up Next

Services Employment PMI vs. NFP. Not working very well?

GVI Forex john 15:05 GMT November 6, 2014
BREAKING NEWS

Canadian PMIs (Ivey and RBC-Markit). Ivey PMI is almost useless given its volatile path.


Paris ib 15:05 GMT November 6, 2014
S and P New High and Fail ?
Reply   
New high on the S and P today. But such a small gain as to be statistical noise - the DAX is up 1%. I wonder if Soros is still sitting on his 2 billion S and P PUT ?

Where do we go from here? In my opinion the U.S. can not afford higher government bond yields - so that means bond yields come off. How would that happen? The easiest way for that to happen is for a stock market sell off to take place.

dc CB 15:02 GMT November 6, 2014
Bizarre Times



from Wmbanzai7

GVI Forex john 15:01 GMT November 6, 2014
BREAKING NEWS

Canada Ivey PMI (sa) OCTOBER 2014





ALERT
51.2 vs. 59.2 exp. vs. 58.6 prev.

RELEASE: Ivey Purchasing Managers Report


TTN: Live News Special Offer

GVI Forex Jay Meisler 14:58 GMT November 6, 2014
NFP Coming Up Next

This is from a bank reported posted earlier on GVI Forexc

Should highlight that the labour component of yesterday's ISM services figure, (the best correlation to NFP), had its 3rd highest print in the series' history! (It's been around since 1997 so that even captures a tech bubble). As such, we are seeing some rather lofty expectations heading into tomorrow.

Paris ib 14:56 GMT November 6, 2014
NFP Coming Up Next

Thanks John.... million dollar question, isn't it? What do 'they' know? Good grief. I guess the number is leaked. I'm not so sure the kindly rumour mongers are giving us the goods or setting up the market to be skinned alive. I don't like this number though I have noticed it often starts a trend going. Extreme caution going into and immediately after the release of this darn number is usually the best bet.

GVI Forex john 14:52 GMT November 6, 2014
NFP Coming Up Next

Heading into NFP, chatter is for a strong number. I don't see the argument for divergence from recent levels at just above 200K, BUT there there are some touting readings above 300K..

We go down this path several times a year. They have been wrong every time, but one always have to wonder if they know something this time that we mortals do not??

HK Kevin 14:50 GMT November 6, 2014
USD/JPY
Reply   
Would it turn out to be a reverse day for USD/JPY? My sell order at 115 triggered earlier and now with stop above today's high and target 112.5. If today's close below 114.50, I will lower the stop to breakeven. Need some luck may be weak opening of Nikkei and NFP figure tmr.

Paris ib 14:42 GMT November 6, 2014
NFP Coming Up Next
Reply   
Anyone care to posit on how this leaves the market in the run up to NFP ?? What a week. It can only get better. :-))

Paris ib 14:40 GMT November 6, 2014
Bizarre Times
Reply   
We live in bizarre times. ECB plans announced today are sending European stock markets up while U.S. bonds sell off. 3 year Treasuries are now close to 1% in yield again. Bad news for U.S. stocks. And I don't see the long term positive for the USD from all this. Still none of this is even close to normal. The war between Central Banks continues....

U.S. Treasury Yields

Paris ib 14:37 GMT November 6, 2014
BREAKING NEWS

Ref:

Livingston nh 14:16 GMT 11/06/2014
Italian 10 yr yield below US 10 yr

Paris ib 14:36 GMT November 6, 2014
BREAKING NEWS

And does that tell you something about the Italian funding position or the U.S. funding position or both?

GVI Forex john 14:29 GMT November 6, 2014
PIVOT POINTS: Trading System

KEY POINT- Worth repeating. Pivot support and resistance levels are not hard prices. Personally, I like roughly 10 pip buffers on either side of pivot point levels.


This does NOT mean I EVER trade without a stop. I always use a stop, especially when I am trading against the markets. You should always avoid the temptation not to trade with a hard pre-determined stop.


Personally I hate stops, but a 100% necessity for trading and on many occasions they have kept me from catastrophic losses.

SaaR KaL 14:20 GMT November 6, 2014
Ebola in the USA

GBPNZD
Longs
2.0940 2.0507
2.0962 2.0486
2.0984 2.0465
2.1006 2.0443


I do not think you should short Cable now
Need to above 1.5960

Livingston nh 14:16 GMT November 6, 2014
BREAKING NEWS

Italian 10 yr yield below US 10 yr

GVI Forex john 14:14 GMT November 6, 2014
PIVOT POINTS: Trading System

GBPUSD
S3 1.5930 breached (LOD 1.5887)

GVI Forex john 14:13 GMT November 6, 2014
PIVOT POINTS: Trading System

...

gc sf 14:03 GMT November 6, 2014
BREAKING NEWS

my breakout bots have kicked in selling @17 with stops @42 target 1.2270 .. only 50-50 to me as could bounce up higher than this.

SaaR KaL 14:02 GMT November 6, 2014
Ebola in the USA

EURJPY
Longs
146.9014 142.2454
147.1615 141.9939
147.4217 141.7433
147.6818 141.4936

SaaR KaL 13:59 GMT November 6, 2014
Ebola in the USA

EURCAD Longs
1.4530 1.4154
1.4550 1.4135
1.4570 1.4115
1.4590 1.4096

gc sf 13:58 GMT November 6, 2014
BREAKING NEWS

I suppose EUR will fall just short of reaching 1.2380 and rebound back up to 1.2460-65 where it is probably better sell levels than here... and get crushed tomorrow.

PAR 13:55 GMT November 6, 2014
BREAKING NEWS

FXStreet (Łódź) - The ECB head assures that the Governing Council will closely monitor and continuously assess the appropriateness of its monetary policy stance.

• Domestic demand should be supported by structural reforms and lower energy prices. Exports are benefiting from global recovery.

• Risks to the Eurozone recovery include geopolitical tensions and insufficient reforms.

• Banks should strengthen their balance sheets.

• Surveys reveal weakening growth momentum in the area. The ECB indications for downward revisions of forecasts.

• Inflation is expected to remain low over the coming months and then increase gradually during 2015-16.

PAR 13:53 GMT November 6, 2014
BREAKING NEWS

Peripheral yields drop sharply. Peripheral stock markets skyhigh . Draghi Happy .

GVI Forex john 13:53 GMT November 6, 2014
BREAKING NEWS

U.S. Weekly Jobless Claims about at frictional lows...




Click on chart for over ten-year history



size="2"> PRESS RELEASE: U.S. Weekly Unemployment Insurance Claims

PAR 13:50 GMT November 6, 2014
BREAKING NEWS

Draghi s principle .

If you cannot convince them , confuse them .


He himself seems no longer to understand all the actions the ECB is taking . Confusing .

PAR 13:45 GMT November 6, 2014
BREAKING NEWS

By being so negative on Eurozone ,Draghi manages to sent European stock markets sharply higher . QE indefinitely is here .

PAR 13:41 GMT November 6, 2014
BREAKING NEWS

Draghi extremely negative on eurozone . Probably forgot to take his prozac .

GVI Forex Jay Meisler 13:37 GMT November 6, 2014
BREAKING NEWS

08:35 [EUR/USD] Euro softer as ECB says bond buying to last 2 years

- Source TradeTheNews.com

GVI Forex john 13:36 GMT November 6, 2014
BREAKING NEWS

U.S. Weekly Jobless Claims

NEWS ALERT

Initial Claims (000)
278K vs. 283K exp. vs. 287K (r 288 K) prev.
Continued Claims (mln)
2.348 vs. 2.360 exp. vs. 2.384 (r 2.387 ) prev.
Press Release

GVI Forex john 13:31 GMT November 6, 2014
BREAKING NEWS

U.S. Productivity 3Q14

NEWS ALERT
+2.00% vs. +0.90% exp. vs. +2.30% (R 2.90%) prev.


TTN: Live News Special Offer

Livingston nh 13:17 GMT November 6, 2014
BREAKING NEWS

JP - Slightly hawkish on QE - Base case on Balance sheet and inflation - slightly dovish on TLTRO

But can an Independent CB be cowed by rumors of dissent?? Mais, oui!

HK [email protected] 13:16 GMT November 6, 2014
AUD/NZD Range trading for the next few hours.
Reply   
.

Mtl JP 12:57 GMT November 6, 2014
BREAKING NEWS

Livingston nh - u have approx 25 mins .. here.. start coding your algo,

Livingston nh 12:52 GMT November 6, 2014
BREAKING NEWS

Now we find out whether Draghi's jawbone will still suffice - will he talk down expectations into the next LTRO or will he call out the dreaded BBank ?? - no BoJ surprises but soap opera drama in the EU

GVI Forex john 12:45 GMT November 6, 2014
BREAKING NEWS

European Central Bank (ECB) November 2014

   
MORE: EZ and German Charts



NEWS ALERT

Refi Rate Steady at 0.05%
Marginal Lending Rate steady at 0.30%
Deposit Rate steady at -0.20%


Press Release: ECB Decision



TTN: Live News Special Offer

Mtl JP 12:37 GMT November 6, 2014
PIVOT POINTS: Trading System

one could think that gbp is a precursor to euro's direction now that it dipped under the Pivot

GVI Forex Jay Meisler 12:27 GMT November 6, 2014
Ask Your Advocate: Help! I am in a Forex Death Spiral

Suggested reading as we wait for the ECB

Question for the Advocate: I read your article on the death spiral and I feel like I am in it. I got hit on a GBPUSD long position without a stop, hedged the loss and it has only gotten worse when I try to trade the hedge. Can you help me get out of the spiral as my account is dwindling fast and I want to keep trading?

Ask Your Advocate: Help! I am in a Forex Death Spiral

hk ooozmeeh 12:18 GMT November 6, 2014
LUXEMBOURG

6:48 EST - All eyes are on the European Central Bank this morning. The OECD, the developed countries' economic club, is the latest to call for the central bank to increase stimulus. But rumors percolating from the ECB and German government suggests any move will be politically fraught. The ECB is unlikely to be helped by a leaked letter showing the central bank forced a deep austerity program on the Irish government in exchange for emergency lending in 2010. ([email protected])

(END) Dow Jones Newswires

November 06, 2014 06:48 ET (11:48 GMT)

PAR 12:05 GMT November 6, 2014
LUXEMBOURG
Reply   
Leaked Docs Expose More Than 340 Companies' Tax Schemes In Luxembourg



ICIJ - By Leslie Wayne, Kelly Carr, Marina Walker Guevara, Mar Cabra and Michael Hudson

This article was reported by the International Consortium of Investigative Journalists, a Washington DC-based global network of 185 reporters in 65 countries who collaborate on transnational investigations.

Pepsi, IKEA, FedEx and 340 other international companies have secured secret deals from Luxembourg, allowing many of them to slash their global tax bills while maintaining little presence in the tiny Central European duchy, leaked documents show.

These companies appear to have channeled hundreds of billions of dollars through Luxembourg and saved billions of dollars in taxes, according to a review of nearly 28,000 pages of confidential documents conducted by the International Consortium of Investigative Journalists and a team of more than 80 journalists from 26 countries

http://www.huffingtonpost.com/2014/11/05/luxembourg-tax-haven_n_6094544.html

GVI Forex john 12:00 GMT November 6, 2014
BREAKING NEWS

November 2014 Bank of England Policy Decision


    MORE: U.K. Charts


-- NEWS ALERT --


Policy Unchanged (repo rate 0.50%)
Asset Purchases unch @ GBP 375 bln v. GBP 375 bn


Bank of England


   TTN: Live News Special Offer   

GVI Forex john 11:53 GMT November 6, 2014
PIVOT POINTS: Trading System

Heading into BOE GBPUSD trading at 1.5954 pivot point neutrality.

GVI Forex john 11:51 GMT November 6, 2014
PIVOT POINTS: Trading System

EURUSD working its pivot point range

R1 1.2545

S1 1.2438

use the pivot point 1.2502 as your guide to the bias of the market.

GVI Forex john 11:45 GMT November 6, 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





PAR 11:40 GMT November 6, 2014
EURUSD

Draghi has a particular preference to positively surprise the markets with - paroles , paroles ,paroles , rien que des mots- .

GVI Forex john 11:36 GMT November 6, 2014
EURUSD
Reply   
Rally into ECB Does someone know something??

Mtl JP 11:08 GMT November 6, 2014
ECB Decision Key Focus. No BOE Changes Seen. Aussie Jobs in Line. German Factory Data Miss

Catalonia vows to vote on Sunday, defying Spain

..."We have decided to carry on with this participative process... All peoples have the right to decide their future," Mas said in a speech. "We are defending fundamental rights protected by basic laws: freedom of conscience, freedom of participation and freedom of expression."...

Mtl JP 11:00 GMT November 6, 2014
ECB Decision Key Focus. No BOE Changes Seen. Aussie Jobs in Line. German Factory Data Miss

OECD Urges ECB to Provide More Stimulus -wsj
Research Body Says Eurozone at Risk of Prolonged Period of Stagnation, Deflation

GVI Forex Blog 10:49 GMT November 6, 2014
ECB Decision Key Focus. No BOE Changes Seen. Aussie Jobs in Line. German Factory Data Miss
Reply   
HIGH IMPACT NEWS: BOE, EZ- ECB, US- Productivity, Weekly Jobless

Today sees monetary policy decisions by the European Central Bank and the Bank of England. Reports of internal dissent raise questions about the ECB. The focus of conflict is said to be Draghi's secretive management style and philosophical differences over QE. The BOE is seen keeping policy steady.

ECB Decision Key Focus. No BOE Changes Seen. Aussie Jobs in Line. German Factory Data Miss

GVI Forex john 10:27 GMT November 6, 2014
CURRENT CONDITIONS: Risk-Off
Reply   

10:25 GMT- Current Market Conditions
:
Early in European trading hours, markets are in a cautious RISK-OFF posture as markets await the ECB decision and continue to digest U.S. election results. There is considerable uncertainty about what the ECB will announce today. The BOE should keep policy steady.

In the Far East, equities ended mixed to lower   European bourses are down. U.S. share futures are weaker at this hour. U.S. 10-yr yields are roughly steady. 10-yr bund and gilt yields are up. European peripheral bond yields are mostly lower.




The heat map color scheme of interest rates reflects yields.

SaaR KaL 10:25 GMT November 6, 2014
Ebola in the USA

Da Boogie Man and the devil are coming
"Pay for you not get Killed"
Go ahead

SaaR KaL 10:23 GMT November 6, 2014
Ebola in the USA

The real Disease is the politicians / Hate Designers

SaaR KaL 10:21 GMT November 6, 2014
Ebola in the USA

Ebola Existed for 20 years
over the last few months
Been creeping in the FOX News: You think they are up to nothing?

I just can not believe how people can not see the process of Tax Payer Rip off Mechanics

added EURUSD Shorts

SaaR KaL 10:17 GMT November 6, 2014
Day's Trades

EURGBP SHorts
0.7842 0.7780
0.7845 0.7777
0.7848 0.7774
0.7851 0.7771

SaaR KaL 10:16 GMT November 6, 2014
Ebola in the USA

Create the enemy and make $$$ from the rescue
What an old trick since the creation of God and Devil..........
Plzzzzzzzzzzzz

Mtl JP 09:43 GMT November 6, 2014
Ebola in the USA

Obama Seeking $6.2 Billion To Fight Ebola
-
another one in a string of of "long war"s ?

GVI Forex john 09:42 GMT November 6, 2014
BREAKING NEWS


EARLIER NEWS: German Factory Orders September 2014




EARLIER NEWS ALERT
mm: +0.80% vs. +2.00% exp. vs. -5.70% (r -4.20% ) prev.
yy: -1.00%vs. -1.10% exp. vs. -1.30% (r +0.80% ) prev.


TTN: Live News Special Offer


GVI Forex john 09:37 GMT November 6, 2014
BREAKING NEWS


Australia Data Charts


EARLIER: October Employment gains in line with estimates. Volatile data series


GVI Forex john 09:31 GMT November 6, 2014
BREAKING NEWS

BREAKING NEWS: UK Industrial/Manufacturing Output September 2014




-- NEWS ALERT --

Ind mm: +0.60% vs. +0.40% exp. vs. 0.00% (r -0.1%) prev.
Ind yy: +1.50% vs. +1.60% exp. vs. +2.50% (r +2.20%) prev.

Mfg mm: +0.40% vs. +0.30% exp. vs. +0.10% (+0.20%) prev.
Mfg yy:+2.90% vs. +2.80% exp. vs. +3.90% (+4.00%) prev.


TTN: Live News Special Offer


U.K. Charts/center>

GVI Forex john 09:20 GMT November 6, 2014
BREAKING NEWS

Australia Employment October 2014




-- EARLIER NEWS --
Employment: +24.1 vs. -30.0K exp. vs. -21.6K (r -23.7 ) prev.
Rate: 6.20% vs. 6.10% exp. vs. 6.10% (r ) prev.


TTN: Live News Special Offer

abs,gov.au


PAR 08:53 GMT November 6, 2014
JUNCKER

Monetary policy in Eurozone has not much impact as the head of the European commission himself has been organising massive fiscal evasion thu Luxembourg .

If fiscal policy is broken , monetary policy doesnt work .

PAR 07:54 GMT November 6, 2014
JUNCKER
Reply   
The revelation that more than 300 companies channelled billions of euro through Luxembourg could not come at a more inopportune time for European Commission president Jean- Claude Juncker.

The former Luxembourg premier and his team of 27 commissioners began their five-year term at the commission’s helm just this week.

http://www.irishtimes.com/business/economy/luxembourg-leaks-will-put-spotlight-on-jean-claude-juncker-1.1989770

gc sf 07:20 GMT November 6, 2014
nzdjpy

everything seems done in $YEN now .. so we have to wait for Asia Open tomorrow once all this news washes through in the European Session... to figure out the best direction.

GVI Forex Blog 06:02 GMT November 6, 2014 Reply   
(AU) AUSTRALIA OCT EMPLOYMENT CHANGE: +24.1K V +20KE; UNEMPLOYMENT RATE: 6.2% V 6.2%E; PARTICIPATION RATE 64.6% V 64.5%E - (NZ) NEW ZEALAND OCT QV HOUSE PRICES: 5.9% V 6.4% PRIOR - (JP) Japan Oct Toky

TradeTheNews.com Asian Market Update: Australia employment rebounds; JPY on a wild ride as Korea amps up FX rhetoric; Lenovo expands - Source TradeTheNews.com

SaaR KaL 05:44 GMT November 6, 2014
Day's Trades

eurusd
1.2509 1.2400
1.2522 1.2387
1.2536 1.2374
1.2549 1.2361

USDJPY
115.8759 114.4859
116.0636 114.3008
116.2513 114.1162
116.4390 113.9323

jkt abel 05:30 GMT November 6, 2014
usdjpy
Reply   
150 pips healthy correction from the top is always good, 114 can reload, original adder was still at 113.40

SaaR KaL 05:15 GMT November 6, 2014
Day's Trades
Reply   
USDCAD
Over next 6 months
Expected near 1.1166
the big wave is going on zero slope

Range 1.1645 1.0701
SF
so from that 1.1645 to 1.07
there will BS Talk all over net
Yellen, Stalin,,,Hamana Gugu...Chiawawa

SaaR KaL 05:09 GMT November 6, 2014
nzdjpy

SF
what does the German dominance over Europe has to do with eurusd trend?
The eurusd is paying back what it owed... like anything else...
if you look at Companies like AAPL as a country...appl goes south and north all the time...i.e City C ...same thing
Roman Empire, British Empire
When you are rich... you get lazy...when you are poor... you work hard...that is all!!

gc sf 04:46 GMT November 6, 2014
nzdjpy

my view is EUR goes to 1.2380 honestly - makes no sense to leave EUR @1.2500 .. if your going to do something go all the way and make a statement - otherwise Europe will be toast for years.

Germany can't be the one voice overriding everything - or what is the point being a member.

$yen you would imagine it will play out

113.60 / 114.20 // 114.85 // 115.45 ---> above here 118.00

as long as it slows down around 114.85 .. downside still in play.

Syd 04:37 GMT November 6, 2014
Source TradeTheNews.com AUD
Reply   
AU) ANZ expecting the first rate hike for the RBA in mid-2015 - financial press - Says: "We note that the RBA has historically not begun to increase rates until the unemployment rate has peaked, which will complicate the monetary policy decision-making process... We remain of the view that the first cash rate hike is some while away, likely to occur in the middle of next year." - Source TradeTheNews.com

SaaR KaL 04:27 GMT November 6, 2014
nzdjpy

SF
EURUSD a sell into next week
above 1.2471
might hit 1.2610 till then...but still a sell
Into next 3 month
a sell above 1.2375
Max and min
1.2701 1.2057

so 1.20 is in menu

gc sf 04:25 GMT November 6, 2014
nzdjpy

Nikkei dropped 370 from the high - bounced 100 now

I'm sure the buyers on the day are doubling up @ 114.50-60
with the Nikkei bounce now

but it is not out of the question to see 114.20 later in the day... once things calm down.

Provo John 04:25 GMT November 6, 2014
nzdjpy

And exporters...they have not seen this good of profits in a long time.

Provo John 04:23 GMT November 6, 2014
nzdjpy

You may be right, there again it may be positioning ahead of ECB.

SaaR KaL 04:18 GMT November 6, 2014
nzdjpy

till us open
i will do this
EUR/CAD Buy
USD/CAD Buy
NZD/JPY Buy
NAS100 Sell
GBP/USD Sell

gc sf 04:10 GMT November 6, 2014
nzdjpy

I maybe dead wrong on $yen at the end of the day - but I just can't see 115.50 giving way unless EurUsd heads to 1.20

we may find this out today - with this much vol. in the market.

Provo John 04:08 GMT November 6, 2014
nzdjpy

Sounds like an opportunity is coming. A nice retracement would good.

gc sf 04:00 GMT November 6, 2014
nzdjpy

Nikkei made a marginal new high by 20 points - now it is down 200

tokyo ginko 03:20 GMT November 6, 2014
nzdjpy

Add short 115.30

Gt all

Syd 02:53 GMT November 6, 2014
FX IDEA - AUD/USD May Fall to 0.8371, 0.8314 in Coming Days
Reply   
SINGAPORE--The Aussie dollar fell to its weakest in more than four years against its U.S. counterpart Thursday on weak Australian unemployment data. Technical charts suggest the Aussie/U.S. dollar pair could decline further in the near term to 0.8371, and possibly to 0.8314.

The antipodean currency slipped this morning to US$0.8552--a level not seen since July 7, 2010--after the Australian Bureau of Statistics said the unemployment rate stayed at a higher-than-expected 6.2% in October, the same as the recently revised number for September which was the highest level in almost 12 years. Economists had expected the unemployment rate to ease to 6.1%.

The disappointing labor data vindicates the Reserve Bank of Australia's decision at its policy meeting on Tuesday to hold its benchmark interest rate steady at a record-low 2.5%. The central bank once again cited the high Australian dollar as a headwind for growth, and signaled that it would keep interest rates low for some time longer.

The Aussie's fall over the past two days has generated bearish signals on the Aussie/U.S. dollar's daily price chart, tilting the near-term technical outlook negative after a one-month period of consolidation.

The AUD/USD spot rate on Wednesday breached support at the Oct. 3 low of 0.8641.

The daily Moving Average Convergence/Divergence histogram bars have turned negative, while the five-day moving average is below the 15-day moving average and declining.

Rallies in spot AUD/USD would be opportunities to accumulate shorts for a near-term decline to 0.8371--the measured objective upon Wednesday's breach of the 0.8641 support.

An extension of the fall would target 0.8314--the July 1, 2010 reaction low.

However, the anticipated near-term Aussie/U.S. dollar decline would be deferred on a global daily close above Wednesday's high of 0.8762.

At 0440 GMT Thursday, the Aussie was quoted at US$0.8586 in the interbank spot AUD/USD market.

Syd 02:24 GMT November 6, 2014
AUD
Reply   
Australian job growth is modest and the unemployment rate looks like it will have a "6" in front of it for a while, says Gareth Aird, economist at CBA. On the bright side, the forward-looking indicators suggest Australia is likely to be approaching the peak in the unemployment rate for the current cycle. "We expect to see reasonable employment growth over the period ahead as the non-mining economy responds to a lower Australian dollar and the current highly accommodative monetary policy settings.

GVI Forex 02:05 GMT November 6, 2014
USDJPY
Reply   
115 touched (high 115.02)

Syd 01:51 GMT November 6, 2014
Australia Unemployment Sits Near 12-Year High
Reply   
SYDNEY-Australia's jobless rate remained at the highest level in almost 12 years, a sign that many businesses are reluctant to hire in an uncertain economic climate and that interest rates may need to stay at record lows for a while yet.

Unemployment stayed at a higher-than-expected 6.2% in October, the same as the recently revised number for September. Economists had expected the unemployment rate to ease to 6.1%.

The number of people employed rose by 24,100 in October, compared with an expected 10,000 rise, the Australian Bureau of Statistics said Thursday. The number of people in full-time work climbed by 33,400, while those in part-time work fell by 9,400.

The participation rate, or the proportion of working-age people in employment or actively seeking it, rose to 64.6% in October from 64.5% the previous month. Economists had expected the participation rate to remain at 64.5%.

The higher participation rate helps explain why the jobless rate remained steady in October even as the number of people in employment rose sharply.

The central bank left interest at a record low 2.5% at a policy meeting on Tuesday, signaling that it would keep them low for some time longer. Most economists expect the next move in rates to be up, but not until well into 2015.

Rates have been at a record low for well over a year amid lackluster economic growth as a decadelong mining-investment boom fades. Firms have been slow to ramp up hiring and investment in a global and domestic environment that many still consider to be unstable.

The monthly employment report has come under increasing scrutiny since last month, when the ABS said it would revise its data after finding that routine seasonal adjustments looked out of step with actual trends.

The admission provoked a flood of criticism, including from the central bank and economists faced with determining the health of the economy. Earlier this week, the ABS made unexpected backdated revisions that lifted September's jobless figure to 6.2% from 6.1%.

The central bank is expected to announce revisions to its own economic forecasts on Friday in a quarterly policy statement. While recent falls in the Australian dollar are likely to provide some stimulus, sharp falls in the prices of the commodities Australia exports are weighing on the economy. The country's biggest export, iron ore, has tumbled by more than 40% this year.

GVI Forex Jay Meisler 00:52 GMT November 6, 2014
Ask Your Advocate: Help! I am in a Forex Death Spiral
Reply   

Question for the Advocate: I read your article on the death spiral and I feel like I am in it. I got hit on a GBPUSD long position without a stop, hedged the loss and it has only gotten worse when I try to trade the hedge. Can you help me get out of the spiral as my account is dwindling fast and I want to keep trading?

Ask Your Advocate: Help! I am in a Forex Death Spiral

GVI Forex Blog 00:45 GMT November 6, 2014
Forex News
Reply   
* Euro near two-year low vs broadly firmer USD

* Aussie falls below 86 US cents, lows not seen since July 2010

* ECB policy review next major focus, Aussie jobs also eyed

FOREX-Euro cowers as ECB looms, USD sweeps higher

gc sf 00:05 GMT November 6, 2014
$yen

same start we have seen the prior 2 days

Nikkei drops 80 points $YEN follows -- the question remains whether we see another 120 points - which will give us the same thing 3 days in a row.

 




Actionable trading levels delivered LIVE to YOUR charts

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 27 May 2019
AAGB/US- Holiday
Tue 28 May 2019
A 14:00 US- Consumer Confidence
C 13:00 US- Case-Shiller
Wed 29 May 2019
A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
A 12:30 US- Weekly Jobless
Fri 31 Mar 2019
AA 10:00 EZ- Flash HICP
A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan


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