dc CB 21:51 GMT November 21, 2014
Nota bene
so I gotta renew my Passport
cauz, once upon a time. Back in my 20's. I could come up There easy
Not Any More.
Gonna cost me like @ $100 to renew.
So, Ask your Guy's WHOT'S that worth for my Money NOT comin' there to that GREAT UNDERGROUND Mall in Totonto... AKA Snow? yeh we be Below.....Can Still SHOP
Mtl JP 20:27 GMT November 21, 2014
Week Ahead
usd's break out
Mtl JP 19:54 GMT November 21, 2014
SnP
Someone once let me feel the heft of Nagant M1895 with an all too clear a Qtn in his eyes... it offers 14% chance of getting nailed (1/7)
KL KL 19:47 GMT November 21, 2014
Buy eurusd...sell to cover later
LOL
sheeze.....oh well cover the remaining 1/3 here of the eurusd long.... 1.2392....hind sight should have waited.....but no one has them even in the region of the rising Sun....LOL
dc CB 19:43 GMT November 21, 2014
SnP
Mtl JP 18:39 GMT
trading into Friday close is like playing with a Nagant M1895
is that like a STENgun or a Jaguar with Lucas Electrics?
dc CB 19:10 GMT November 21, 2014
SnP
JP,Cheers
2:15 eXPRESS
so with the weather change ...not to the beach...to the slopes
Mtl JP 19:02 GMT November 21, 2014
SnP
CB 18:35 tky ! u 've saved me from some pain
KL KL 18:53 GMT November 21, 2014
Buy eurusd...sell to cover later
time to cover eurusd shorts....chased it to 1.2375...avg 1.2382..... out 1.23845 happy to take the 2 pips and long lower next week......in case Draghi does an ABE...or Ben.....print...print ...print $$$$$$
can sleep nicely over weekend without a worry....LOL....have a good weekend...Fire on Sunday for Sydney...Australia!!
Mtl JP 18:39 GMT November 21, 2014
SnP
trading into Friday close is like playing with a Nagant M1895
dc CB 18:35 GMT November 21, 2014
SnP
OPEX Trap
2000+ Adv
980 Decl
Vol 36xx Up
10xx Dn
will ramp UP
london red 18:34 GMT November 21, 2014
SnP
i use the index itslef for tech. taking a trendline from 2 july to 18 sept. gives me 2050 today. possible bull trap if we go below. futs are 2 pts below index so thats about 2048. it would give a pretty big wick on the daily candle. but this isnt any old asset. fwiw i only buy dips as far as us stocks are concerned, not a seller as its proved unwise. and that once every few months as dips tend to be shallow. so JP imo if goes under 2050 its all set to move lower, but its the s&p and that for me rules out selling as im not smart enough and its just easier to buy the dips.
dc CB 18:27 GMT November 21, 2014
SnP
NO
Mtl JP 18:23 GMT November 21, 2014
SnP
Reply
hanging in a hairline, go with breakdown ?
tia
Mtl JP 18:16 GMT November 21, 2014
sell euro, buy usdjpy
snagged first long euro on 75
prepared to risk my long usdcad profits but not much more
jkt abel 18:07 GMT November 21, 2014
sell usdjpy intraday
looks like they are after stops above 118 and then slowly wind down to close around 117.90-118
dc CB 17:55 GMT November 21, 2014
Where in the world is Carmen Segarra
don't know if any here watched the Dudley grilling, but mealy-mouthed is being kind. Very much reminiceeent of Timmmaaayyy.
Like you needed to match the Thumb(Ferrit)print to get the Job.
KL KL 17:28 GMT November 21, 2014
Buy eurusd...sell to cover later
DFM - Don't Follow me
DLTM - Don't Listen to Me.....
its all a game of guessing and which time frame one trades...to each their own style and none are Universal!!... gt to you!!
jkt abel 17:21 GMT November 21, 2014
sell usdjpy intraday
can sense lots of stops piling up 117.90 and above, sharks smell blood?
london red 17:16 GMT November 21, 2014
friki friday trade
Loonie thru 43 now needs to hold onto this and has chance to test fib 66. They havent closed below this so will draw plenty of blood if moves abv. Close c. 11288/11303 if gets beaten.
KL KL 17:07 GMT November 21, 2014
Buy eurusd...sell to cover later
Reply
Dooomsh....suprise I am awake.....LOL
Long Relentless EURUSD 1.2387.....hope to cover here at entry or 7-13 pips higher...lets see....into the close....DFM, DLTM, imvho and Good Morning from this part of the world where tomorrow have started ....LOL
london red 17:05 GMT November 21, 2014
sell euro, buy usdjpy
12377 38.2 fib stands in way of 12357 low then 200 month at 12230
jkt abel 17:00 GMT November 21, 2014
sell usdjpy intraday
hmm, 118 on the card by the close? let's see
bali sja 16:57 GMT November 21, 2014
sell usdjpy intraday
try some small usdjpy short also 117.72 adding near 117.90, while below 118 worth a try with stop 118.20ish
kl shawn 16:54 GMT November 21, 2014
sell usdjpy intraday
short usdjpy also 117.68, stop 118, i dont think 118 can be seen again today, if seen then i am completely wrong and thus the stop
kl fs 16:46 GMT November 21, 2014
buy euro
Reply
buy 1.2397, stop 1.2345
Mtl JP 16:38 GMT November 21, 2014
sell euro, buy usdjpy
so what ... do we do with Triple bottom:
expect it to hold seeing as it has proven itself or
expect it to break next time around on expectation of having been weakened by multi-attacks ?
GVI Forex Jay Meisler 16:36 GMT November 21, 2014
sell euro, buy usdjpy
Triple bottom 117.35 (pointed this level out yesterday and again o/n)
HK Kevin 16:33 GMT November 21, 2014
CURRENT CONDITIONS: Mixed Risk
HK Kevin 10:55 GMT 11/21/2014
China rate cute is a negative signal for AUD
AUD under 0.8670 will see 0.8635 very fast. However, not much downside for the pair and may test 0.8760 next Mon.
GVI Forex Jay Meisler 16:28 GMT November 21, 2014
sell euro, buy usdjpy
EURJPY last 145.86 vs, 145.68 close last Friday and Thursday high at 149.14
london red 16:27 GMT November 21, 2014
sell euro, buy usdjpy
euro prev lows at 98 and 94, below there theyll be scrambling again as ytd low in focus nxt.
perth wtr 16:15 GMT November 21, 2014
sell usdjpy
tom, it is friday, take what market has given you IMO, next week will offer more opportunities
london red 16:09 GMT November 21, 2014
sell usdjpy
just updated my hourly trendlines. now 11688 and 11625. upper channel now 11759 while below there the move below 11750 still on. needs to drop the 11735 prev low to accelerate downside.
Paris ib 16:07 GMT November 21, 2014
sell usdjpy
Only people hoping to sell at 120.00. :-)
manila tom 16:06 GMT November 21, 2014
sell usdjpy
yes ib, feel more comfy going short usdjpy then entering new long, who wants to buy at 119 i dont know
Mtl JP 16:02 GMT November 21, 2014
sell usdjpy
117.20 first support
Paris ib 15:55 GMT November 21, 2014
sell euro, buy usdjpy
red - I disagree that it is rate differentials. It is always buying and selling and ultimately capital flows. If money doesn't flow out of Japan the speculative USD/JPY buying - which has already taken place - will have to exit positions. But like I said the election could be a shocker and provide specs with a second wind. For now I can't see anything pushing new money into this position so unwinds will hurt the trend.
manila tom 15:55 GMT November 21, 2014
sell usdjpy
we have seen the top for usdjpy, keep the short
perth wtr 15:48 GMT November 21, 2014
sell euro, buy usdjpy
closed my usdjpy with some gain, probably will close around 117.80-117.90, looking for opportunity to short again next week, have a nice weekend everyone
london red 15:48 GMT November 21, 2014
sell euro, buy usdjpy
ib, the exchange rate is an amalgamation of many things i wont question that. but for me, the rate divergence is what is going to drive the pair ultimately, as its what the market chooses to focus on longterm. some might say data is adjusted or manipulated, but you have to play to the markets tune to make money each week. and im just here to make money.
Paris ib 15:39 GMT November 21, 2014
sell euro, buy usdjpy
red - yeah hindsight is a beautiful thing. For now pullback on USD/JPY.... there's not enough new information to keep the market buying more right now. The election might be crucial but that's a while away. As to EUR/USD... agnostic. It's Friday. Draghi just talked. So we go with Draghi for now.
london red 15:34 GMT November 21, 2014
sell euro, buy usdjpy
ib, think some pullback is due but not sure id say weve seen the high. if can go thru 11750 shortly, then maybe we can get to the 11706/11680 support zone. id be a buyer there into nxt week and look for a test of 11870/119.
manila tom 15:34 GMT November 21, 2014
sell usdjpy
yes, i think usdjpy is sell on rallies mode from now on
Mtl JP 15:33 GMT November 21, 2014
sell euro, buy usdjpy
ib so what... are u targeting the 200dma with a short from here ?
Paris ib 15:29 GMT November 21, 2014
sell euro, buy usdjpy
Looks to me like USD/JPY has entered 'sell the rally' territory. And maybe the Nikkei has topped out too. The feeding frenzy on European stock markets has a bit more to go - say 4% or so - but the U.S. market is now feeding on other people's leftovers. We got just a bit more than month to close the year so it's probably not worth getting too excited. Trends are unlikely to turn overnight, what with silly season coming. But I have never seem a market more frenzied on the back of so little.
Mtl JP 15:23 GMT November 21, 2014
sell euro, buy usdjpy
so watch out for an alleged twittered rumor about some Weidmann gumflap
GVI Forex Jay Meisler 15:17 GMT November 21, 2014
sell euro, buy usdjpy
I think Weidmann's speech where he did not make a reference to monetary policy as I took it as a signal that Draghi won the battle and is still driving the bus. As long as QE is on the table (as someone mentioned earlier), the EUR downside will be more exposed.
Mtl JP 15:06 GMT November 21, 2014
sell euro, buy usdjpy
euro in a bit of a t/p pause here between 25/30
if it breaks out and uP, 1.2530 is not out of radar range
dc CB 15:02 GMT November 21, 2014
Where in the world is Carmen Segarra
Bill Dudley - the president of the NY Fed - will face a very skeptical Senate Banking Committee this morning investigating so-called "regulatory capture."
Of course, their eyes were finally opened after Carmen Segarra, a former employee, leaked 47.5 hours of taped conversation ...
Dudley's defense (not denial) so far: "We understand the risks of doing our job poorly and of becoming too close to the firms we supervise. Of course, we are not perfect. We sometimes make mistakes."
Bill Dudley Explains Why The New York Fed Is Not A Subsidiary Of Goldman Sachs - Live Webcast
london red 14:55 GMT November 21, 2014
sell euro, buy usdjpy
JP, nothing new was said but it was enough to flip mkt psychology from trying to run more topside stops to refocusing on downside. while thats fresh in the mkts mind you have to sell rally i think. res at 39/42 48 60 80 2502 15. if can reverse abv 60 by close then it might reach the upper res mon/tues nxt week. last months low was 12485 so i expect it to close nxt week below that by some way.
Paris ib 14:55 GMT November 21, 2014
sell euro, buy usdjpy
So what? This is a talk fest. Have Japanese buyers shown up on foreign financial markets? No. No sign of capital outflow from Japan. But that doesn't matter, the market is front running the Japanese Pension Funds - and if they never turn up? Well we'll deal with that later. Slightly insane, but hey.
Mtl JP 14:41 GMT November 21, 2014
sell euro, buy usdjpy
Looks like NY players are realizing that Mario - �ready to do whatever it takes�, �believe me, it will be enough� & �will do what we must� - Draghi actually didn't put anything tangible on the table beside paroles
jkt abel 14:29 GMT November 21, 2014
sell usdjpy
great, now have catalysts...
see you all next week
manila tom 14:27 GMT November 21, 2014
sell usdjpy
wtr, follow you sold 117.82, stop 118.25, target today's low
london red 14:21 GMT November 21, 2014
friki friday trade
loonie. 43/66 res. both imp lvls, if they busted them then they will scramble to cover and take it much higher to 113. but you need to be ready to pull out if cant be overcome as break of 66 and weekly close below suggests lower levels next week and 43 was the original breakout level when loonie climbed almost 1 and a half figures. 144 month ema at 11214 will be imp lvl next week.
Mtl JP 14:16 GMT November 21, 2014
sell euro, buy usdjpy
current longs against 1.2400/75 would probably like to tp around 25/30
Mtl JP 14:09 GMT November 21, 2014
sell euro, buy usdjpy
Buy EURUSD
Entry: 1.2375 and 1.2350 if seen Target: uP Stop: tight under 50
ready to risk some earlier pip
starting to think euro might be nearing bottom today
friskier trade would be to long here at just above 1.24
perth wtr 14:02 GMT November 21, 2014
sell usdjpy
Reply
sold usdjpy 117.90, stop 118.12
dc CB 14:00 GMT November 21, 2014
friki friday trade II
this is OPEX day, so US Stox may dip and rip ...
or just camp out after the Cash market catches up to the futures ramp.
next week is basically a 2 1/2 day trading week....Wed PM "get out of town"
Fri 1/2 day also....the traditional post turkey ramp on No Volume
CME Thanksgiving holiday sched
Mtl JP 13:43 GMT November 21, 2014
friki friday trade II
Reply
Buy EURCHF
Entry: on or under 1.2010 print Target: 1.21+ Stop: print under 1.1975
.
GVI Forex john 13:42 GMT November 21, 2014
BREAKING NEWS
Canada: Headline and BOC Core CPI hutter than expected. Core CPI above target.
Canada Charts
Mtl JP 13:36 GMT November 21, 2014
friki friday trade
Reply
Buy USDCAD
Entry: market Target: UP Stop: under 1.1182
.
GVI Forex john 13:33 GMT November 21, 2014
BREAKING NEWS
Canada: Bank of Canada Core and Consumer Prices October 2014
NEWS ALERT
yy: +2.30% vs. +2.10% exp. vs. +2.10% prev.
Headline
mm: +0.10% vs. -0.20% exp. vs. +0.10% prev.
yy: +2.40% vs. +2.00% exp. vs. +2.00% prev.
TTN: Live News Special Offer
dc CB 13:29 GMT November 21, 2014
Where in the world is Carmen Segarra
Reply
The announcement Thursday came less than 24 hours ahead of a Senate banking subcommittee hearing on the topic of regulatory capture
Citing concerns about weak oversight by the New York Fed, one of the panel's members, Sen. Jack Reed, D-R.I., introduced a bill this week to make the bank's president subject to Senate confirmation.
A private board currently selects the New York Fed president. In 2009, it picked Bill Dudley a former Goldman Sachs managing director. Dudley is expected to testify at the hearing.
In September, ProPublica and This American Life reported on secret recordings made by former New York Fed examiner Carmen Segarra that showed officials were reluctant to aggressively challenge Goldman Sachs over questions about its policies and transactions.
Segarra was not invited to testify and, through a representative, issued a statement expressing disappointment.
"She believes any official subcommittee hearing on regulatory capture will be incomplete without her firsthand accounts of what she saw during her tenure at the Federal Reserve Bank of New York," the statement said.
++++++++++++++++++++++++++++++++++++++++br />
Hearing: Friday, November 21, 2014
10:00 AM - 12:00 PM
http://www.banking.senate.gov/public/index.cfm?FuseAction=Hearings.Hearing&Hearing_ID=ba1c89dc-8a7b-4cad-9e16-514fd6e6a489
Federal Reserve Announces Sweeping Review of Its Big Bank Oversight
Mtl JP 13:29 GMT November 21, 2014
loonie
usdcad 50 day 1.1211 / 00 = support
GVI Forex Jay Meisler 13:24 GMT November 21, 2014
PIVOT POINTS: Trading System
To state the obvious, it is all about EUR crosses today, which have gotten crushed.
S3 (1,2438) is a minor day res blocking 1.2460
nw kw 12:57 GMT November 21, 2014
loonie
BNN. can benefiting from the usa trading, and I have cheep car gas
kl fs 12:56 GMT November 21, 2014
usdjpy
Reply
i think pivot today 118.20 area will give some battle between the two sides
london red 12:42 GMT November 21, 2014
loonie
Reply
cpi up within an hour. so far firmer oil and china rate cut have boosted cad but still unable to sustain trade below 11266. firmer cpi would be a surprise and might make a perfect storm to run stops under 11243. think would then be worth long in 11203-13 region as BoC has on many occasions sided to the dovish side in letting short term inflation overrun if necessary. on the topside, res at 11303 and 24-35 likely to come into play on a miss.
GVI Forex Jay Meisler 12:20 GMT November 21, 2014
sell euro, buy usdjpy
As posted on GVI Forex
Looking at EURUSD 4 hour chart as that is the one that capped the upside.
1.2435 = Trendline broken today
1.2443 = Support broken today 1.2443
So 1.2435-43 blocks return to 1.2550, only firmly above puts focus back on 1.25. 5 minute chart shows key res at 1.2460
On downside, 1.2395 blocks recent low at 1.2358
Melbourne Qindex 12:05 GMT November 21, 2014
EUR/JPY : Critical Point 145.07
Buy EURJPY
Entry: Target: Stop:
EUR/JPY : Weekly Cycle Reference
... 142.367 - 142.982* - 143.598 - 143.905 // 144.213* - 144.520 - 144.828 - 1456.136 - 145.443* - 145.751 - [146.059] - 146.366 - 146.674* - 146.981 - 147.289 - 147.597 - 147.904* // 148.212 - 148.520 - 149.135* - 149.750 ...
Qindex.com
EUR/JPY : Monthly Cycle Charts
jkt abel 11:50 GMT November 21, 2014
sell euro, buy usdjpy
Reply
again and again, this subject will prove so right!
follow the crystal ball
china cut rates, green light to go long usdjpy until xmas and and sell euro
GC gcm 11:45 GMT November 21, 2014
BREAKING NEWS
IB
re: Chinese GDP /export growth.
You are right about one thing. Export figures don't equate with the reported export growth. Want a more valid source: Figures from Chinas biggest port container terminal. Figures based on empty and full container traffic puts the real GDP @5.5%.This calculation is more than 6 months old. The figures should be a lower for the next count ( in 1 month). Chinese "break even " figure for their economy needs to be over 6.5%. Below that means recession.
You will hear a lot on this forum and other media comments and reports of how good Chinese economy is by brainwashed " local comrades", the fact is China is in recession.
I am looking forward to the next container traffic count.
p.s I use this data for all long term positioning of fund assets.
regards
The Wizard of Oz
london red 11:39 GMT November 21, 2014
BREAKING NEWS
watch this 11266 fib on loonie. many gone long this week and stops like under 11243.
Mtl JP 11:23 GMT November 21, 2014
BREAKING NEWS
where are the SKoreans ?
Paris ib 11:13 GMT November 21, 2014
BREAKING NEWS
To be clear Chinese export related growth eats everyone else's lunch ie. everyone else's GDP.
Paris ib 11:11 GMT November 21, 2014
BREAKING NEWS
Absolutely. I was just looking at some stuff on China. China reported this big export surge that appears to be fake and tied more to capital flows. It doesn't tally with Hong Kong data (which was supposedly the big recipient of all these exports). In order to export capital from China that capital has to be export related. Questions about what is going on but signs of capital exodus - parking in Australian property for example. There is no way that the huge move in USD/JPY has not adversely impacted China. This rate cut tells us they are trying to address the issue but seriously what will it do? Not much. I still think we may see a devaluation which would not be good for the economy of the rest of the world. The idea that Chinese economic growth is good for the rest of the world (ex commodity exporters) is just not supported by the facts.
london red 11:06 GMT November 21, 2014
CURRENT CONDITIONS: Mixed Risk
paris, yes the yuan is pegged but any easing they do lifts other currencies. its stopped the rot for the euro and other as well. i dont think you can make a case for the yuan being overvalued, but they wont like depreciations elsewhere across the globe as you say.
GVI Forex john 11:04 GMT November 21, 2014
BREAKING NEWS
The rate was not completely out of the blue. I had heard vague chatter about a rate cut yesterday, but I did not think it was imminent.
Keep in mind that the AUD is the China proxy because of its large raw materials export relationship.
GVI Forex john 10:59 GMT November 21, 2014
BREAKING NEWS
For the record
China cuts RRR rate
10:32*(CN) CHINA PBOC CUTS BENCHMARK INTEREST RATES; effective from Sat, Nov 22nd
- Cuts 1 year deposit Rate by 25bps to 2.75%
- Cuts 1-year lending Rate by 40bps to 5.60%
- Source TradeTheNews.com
Paris ib 10:57 GMT November 21, 2014
CURRENT CONDITIONS: Mixed Risk
In the sense that if China is in trouble and needs to cut rates then Australia is in trouble. Agreed. But right now the market is expecting this rate cut in China to fix China. Ha ha.
Paris ib 10:50 GMT November 21, 2014
CURRENT CONDITIONS: Mixed Risk
China is pegged to the USD. Unless they break their peg the drop in interest rates isn't going to achieve all that much if this is a currency war. I would think that the USD/JPY is their greatest concern. Draghi hasn't done or said much. And the EUR/USD is down a bit but off it's recent lows. The USD/JPY is at seven year highs or therabouts.
london red 10:48 GMT November 21, 2014
CURRENT CONDITIONS: Mixed Risk
not sure they are working together, but seems china not too happy about them jawboning euro lower either.
Paris ib 10:43 GMT November 21, 2014
CURRENT CONDITIONS: Mixed Risk
No this looks a bit co-ordinated. I guess they would have know that Draghi would have been dovish. So maybe they picked their moment. Stocks are going to go ballistic. At least in the Euro Zone.
london red 10:41 GMT November 21, 2014
CURRENT CONDITIONS: Mixed Risk
aussie short 55-60 stop over 80. if seen.
straight after draghi comments. a coincidence?
Paris ib 10:35 GMT November 21, 2014
CURRENT CONDITIONS: Mixed Risk
Are the looking to devalue? Stocks are loving this. More records in the U.S., European stocks powering ahead.
GVI Forex 10:22 GMT November 21, 2014
eurusd
05:15(DE) ECB's Weidmann (Germany): No comments on monetary policy - comments from Frankfurt European Banking Congress
- Reiterates view of needing structural reforms over low interest rates
-Reforming tax treatment more... (related IXG EUECB)
- Source TradeTheNews.com
GVI Forex john 10:13 GMT November 21, 2014
CURRENT CONDITIONS: Mixed Risk
Reply
21 November-- 10:00 GMT- Current Market Conditions:
ECB President Draghi reiterated today that the Central bank is
prepared to take action as needed. His supportive words have markets
heading into the weekend in a MIXED
RISK posture
with equity values generally higher, but bond yields broadly lower..
Normally the two have an inverse relationship since the two
compete with one another for investor demand. Canadian CPI figures are
the only key data today. ECB President Draghi reiterated that the
Central bank is prepared to take action as needed.
- In
the Far East, equities ended mostly higher.10-yr JGB yields fell.
- European bourses are broadly higher at this hour. 10-yr
bund and UK Gilt
yields are lower. European peripheral bond yields are
mixed to
higher.
- The U.S 10-yr note yield is down.
U.S. share futures are up.
The
heat map color scheme of interest rates reflects yields.
london red 10:08 GMT November 21, 2014
eurusd
my stop done now look to sell any rebound to 12480-12502 unless goes under 12400 then lower offer to somewhere around 12435-45.
Tallinn viies 10:07 GMT November 21, 2014
eurusd
Reply
got stoped out.
Frankfurt HH 10:02 GMT November 21, 2014
eurusd
Draghi put QE on the table but will Weidmann try to take it off???
london red 09:57 GMT November 21, 2014
eurusd
re weidmann only on monday he was against sovereign bond purchases. its worth watching for any change if the subject is touched.
london red 09:53 GMT November 21, 2014
eurusd
your q seems to have disappeared chris but Weidmann set to speak quarter past the hour and Nouy to i believe.
london red 09:44 GMT November 21, 2014
eurusd
re snb and the peg. snb probably the most credible no nonsense cb in the world today. so i doubt there has been much attempt to break it. but, theres a chance for someone to make the world forget about the soros pound. would make the yen move look trivial. but these days balls are chopped off before traders enter the building so i doubt we will see the peg go.
london red 09:39 GMT November 21, 2014
eurusd
JP snb releases figures next monday so you will find out then.
Mtl JP 09:30 GMT November 21, 2014
eurusd
me thinks if snb were "in" eurchf should be >1.21++
Plovdiv Gotin 09:28 GMT November 21, 2014
eur/usd
Reply
EURUSD
Entry: Target: Stop:
This 1.2358 is en route to 1.3667/1.6038 or ....?10x for opinions.
London Chris 09:17 GMT November 21, 2014
eurusd
FRANKFURT�European Central Bank President Mario Draghi sent a strong signal Friday that the central bank is ready to �step up the pressure� and expand its asset-purchase programs if inflation fails to show signs of quickly returning to the ECB�s target.
�We will continue to meet our responsibility�we will do what we must to raise inflation and inflation expectations as fast as possible, as our price stability mandate requires of us,� Mr. Draghi said in a speech to a banking conference. WSJ
london red 09:15 GMT November 21, 2014
eurusd
viies, there were some comments on the wires earlier re supporting 1.20 from zurbruegg said must buy at 1.20
Tallinn viies 09:12 GMT November 21, 2014
eurusd
Reply
eurchf moving up. is SNB in?
london red 09:12 GMT November 21, 2014
Europe
nothing we havent heard JP, but it may have changed market psychology which would put the whole euro retracement at risk. below 39 is the key for bears.
london red 09:06 GMT November 21, 2014
Asia
yen. anything abv 11828/37 zone suggests bottom for this pullback is in. some hourly trendline res at 22 ahead of that.
gone long euro at 60 stop under 39. looking for hourly reversal back over 200 hour ma or will close, there should be no second chances to buy dip.
Tallinn viies 08:52 GMT November 21, 2014
eurusd
Reply
got my long euro at 1,2485.
stop at 1,2435. target 1,2600sh
Mtl JP 08:51 GMT November 21, 2014
Europe
red did Mario make an offer to buy Buckingham palace ?
Hong Kong AceTrader 08:49 GMT November 21, 2014
AceTrader Nov 21: Intra-Day Market Moving News and Views (USD/JPY)
Reply
Intra-Day Market Moving News and Views
21 Nov 2014 07:51GMT
USD/JPY - ...... .Japan PM Adviser Hamada said, quote:
'Abenomics working well but negative impact from April sales tax hike stronger than expected;
dlr/yen at Y120 positive for overall Japan economy but steps needed to ease impact on consumers;
consumer inflation around 1.5% is acceptable under current jobs mkt situation;
corporate tax rate should be cut to closer to 20%.'
The greenback briefly retreated to 117.60 after his comments. Earlier, dlr rebounded to 117.98 after intra-day sharp sell off to a fresh 1-week low at 117.36 in Tokyo morning as Nikkei turned from negative to positive territory and ended the day up 0.33% at 17357.
Bids are noted at 117.45/40 and then 117.25/20 with mixture of bids and stops emerging below 117.00, whilst offers are located at 117.80-90 and more at 118.15/20 and 118.30/35 with stops placed just above 118.50.
Earlier news reported that PM Shinzo Abe dissolved parliament's lower house for an election on Friday, seeking a fresh mandate for his struggling Abenomics revival strategy just two years after he returned to power promising that "Japan is Back".
The speaker of the lower house read the dissolution proclamation to a plenary session of the chamber.
No election for parliament's lower house needed to be held until late 2016. But Abe is hoping to cement his grip on power before his support ratings, now below 40 percent in some surveys but still sturdy by Japanese standards, slip further.
The date of the election, expected to be on Dec. 14, will officially be set at a cabinet meeting in the afternoon.
london red 08:37 GMT November 21, 2014
Europe
its an impressive move off the lows now approaching 250pts. todays low so far is the channel top which the index closed abv yest. so essentially a breakout if they can close abv 18th nov high.
Mtl JP 08:25 GMT November 21, 2014
Europe
stox a-rocking
london red 08:21 GMT November 21, 2014
Asia
yen. some comments overnight which i warned about. they have whatever target they have, but the move needs to be orderly and slow enough to allow all corporates time to adjust their businesses and hedge for the move. the inflation rate is still stuck south of where they want it so its far to early to talk about intervention. the japanese will only intervene if pressed by the usa but this will only happen at much much higher levels if they are ever seen. possibly if abv 135 were seen maybe there would be some pressure from the usa, but it depends on a variety of factors such as the strength of the us economy at the time and the inflation rates in both us and japan.
so how to work within such a system. wait for a pullback, then buy and hold with a sensible stop looking for the next top to pull out. and repeat.
for now yen has some support from prev highs at 11706/00 then a couple of trendlines at 11677/80. a second from the post gap low comes in at 11617 but im not expecting to see that today. i only mention it because last weeks low is sub 114 so its within the realms of possibility.
Mtl JP 08:15 GMT November 21, 2014
Europe
what is the risk? high expectations and potential for disappointment :
"More than three-quarters of economists said that if the ECB does enlarge the program, it will buy corporate bonds; 43 percent said it will buy the debt of government agencies; and 57 percent predicted it will buy sovereign bonds. More than a fifth said it will add stimulus by making the targeted bank loans more attractive." - bloomberg Nov 17, 2014
Mtl JP 07:54 GMT November 21, 2014
Europe
"We can not imagine negative deposit rates for our private and corporate clients," said Commerzbank Chief Financial Officer Stephan Engels. - in der spiegel 06/11/2014
PAR 07:53 GMT November 21, 2014
Europe
Everybody seems to have already forgotten about the negative EUR interest rates . Hence the relative EUR strength .
Mtl JP 07:47 GMT November 21, 2014
Europe
Recall that Draghi's ECB already implemented negative interest on deposits - thereby re-shaping folk's amounts they deposit in a bank
Mtl JP 07:35 GMT November 21, 2014
Europe
and as traders we are about MONEY MONEY MONEY
preferably about not losing any / many
PAR 07:30 GMT November 21, 2014
Europe
Reply
Is all about DRAGHI DRAGHI DRAGHI .
nw kw 06:59 GMT November 21, 2014
Asia
usd/mxn trapped channel top poss usd strength for weekend
nw kw 06:49 GMT November 21, 2014
Asia
cad strength from exports to usa/profitable from soft cat reported
gc sf 06:15 GMT November 21, 2014
Asia
EUR + GBP
bids coming in again now 39 40 41 787980
gc sf 05:08 GMT November 21, 2014
yen
Nikkei making new daily high
GVI Forex Jay Meisler 02:42 GMT November 21, 2014
yen
Low so far 117.35
nw kw 02:34 GMT November 21, 2014
yen
USD Building Permits (MoM) (OCT)
Medium
4.8% 0.9% 2.8%
most aren't pricing this in I do have lumber retrace so I still see usd strength
GVI Forex Jay Meisler 02:30 GMT November 21, 2014
yen
As posted earlier:
GVI Forex Jay Meisler 14:39:27 GMT - 11/20/2014
117.36 post-minutes low according to this one hour chart
Hong Kong AceTrader 02:13 GMT November 21, 2014
AceTrader Nov 21: Intra-Day News and Views (USD/JPY) & data to be released today
Reply
Intra-Day Market Moving News and Views
21 Nov 2014 02:00GMT
USD/JPY - 117.51... Dlr went through a roller coaster session on Thursday as despite an initial rally to a fresh 7-year peak at 118.98 shortly European open, selling interest located below 119.00 level knocked price lower ahead of NY open.
The greenback eventually fell to 117.74 in NY morning after release of worse-than-expected U.S. jobless claims and soft inflation data before rebounding to 118.32 due to upbeat U.S. existing home sales figures.
Dlr briefly climbed to 118.37 in Friday Tokyo morning and then tumbled to 117.45 on risk aversion due to intra-day fall in Nikkei (currently down 0.9% to 17144) and comments from Japan FinMin Aso (see our prev. MMN).
Although dlr's intra-day sell off below 117.74 support signals further choppy trading below yesterday's top at 118.98 would continue and selling on recovery is recommended, price may find support near 117.00 level as growing divergence of economic and monetary policy developments between the U.S. and Japan should continue to provide support to the pair.
Bids are noted 117.40-30 n then 117.10-00 with mixture of bids and stops emerging just below 117.00.
On the upside, offers fm various accounts are placed at 117.90/00, 118.20-30 and more near 118.50 level.
Friday will release U.K. PSNCR and Canada CPI.
Provo John 02:10 GMT November 21, 2014
Asia
I was really surprised that he said anything at all. And in fact the Finance Minster is not the one who decides whether to intervene. That is the privy of BOJ ( I think ).
I also think that this entire move will reverse itself. Maybe not in Asia or even today, but it will be reversed. IMHO.
nw kw 02:09 GMT November 21, 2014
Asia
http://www.reuters.com/article/2014/11/20/us-global-economy-idUSKCN0J41R620141120
next
gbp slightly soft
xagjpy rebalance poss u/j 115
gc sf 02:07 GMT November 21, 2014
Asia
EUR + GBP
just t/p selling on the earlier range trade.
gc sf 02:04 GMT November 21, 2014
Asia
good pick up John -- I had not seen that .. that is always a wildcard statement in Asian Time... you don't see in LDN or NYK.
gc sf 02:02 GMT November 21, 2014
Asia
Everything was pretty quiet - then Nikkei dropped and next $yen broke the o/n lows and here we are .. no news I saw
just the $yen re-aligning itself to Nikkei.
Provo John 02:01 GMT November 21, 2014
Asia
In fact there is news and I finally found it:
TOKYO, Nov 21 (Reuters) - The yen rose sharply on Friday
after Japanese Finance Minister Taro Aso said the currency's
weakening over the past week has been too fast and that rapid
currency moves are unwelcome, whether they are up or down.
The thing is they would NEVER intervene to stop the rise so this is just bluster. This is a buy imo.
LA RM 01:54 GMT November 21, 2014
Asia
I was just going to ask if there was news on the jpy but guess it is just the Nikkei?
gc sf 01:45 GMT November 21, 2014
Asia
Nikkei down to 17150 -150/160 from earlier high.
nw kw 01:44 GMT November 21, 2014
Asia
same time all week some one is driving whith a plan
gc sf 00:51 GMT November 21, 2014
Asia
I'm not sure it is worth sitting here today .. maybe better to come back in London .. as its looking like sideways price action with profit taking bias... the nikkei would have to break 17000 or 17500 for something drastic to occur.
gc sf 00:44 GMT November 21, 2014
Asia
I believe Monday is holiday something like Labor Day.
Provo John 00:30 GMT November 21, 2014
Asia
Tokyo markets are closed today?
FW CS 00:02 GMT November 21, 2014
eurusd
Viies
agree on downside a close below 1.2438 and 1.2390 makes euro ugly. seems like we got a bit more to run on upside though first
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