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Forex Forum Archive for 11/24/2014

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


GVI Forex john 23:27 GMT November 24, 2014
BREAKING NEWS

sf- thanks. Got it

gc sf 23:15 GMT November 24, 2014
BREAKING NEWS

GVI - John - spam in the Gold Forum if you have a minute.

GVI Forex john 22:15 GMT November 24, 2014
BREAKING NEWS

Weekly Trading Planner Top Items (GMT):
    23:50 JP BOJ Minutes Policy insight
    TUESDAY
    07:00 DE GDP Widest Economic Indicator
    13:30 CA Retail Sales Consumer Demand
    13:30 US GDP 3Q14 Widest Economic Indicator
    15:00 US CB Consumer Conf Short Term Sentiment Indicator
    18:00 UST  5-yr Treasury Borrowing
    WEDNESDAY
    09:30 GB GDP Widest Economic Indicator
    12:30 US PCE defl y Top Fed Inflation Measure.
    12:30 US Personal Income Key to demand
    13:30 US Initial Claims Weekly Jobless
    13:30 US Dur Goods Industrial demand
    13:45 US Chicago PMI regional Indicator
    13:55 US U Mich final Long term Sentiment Survey
    15:00 US New Homes Sales Housing Metric
    15:00 US Pending Homes Predictor of Existing Homes Sales 15:30 US EIA Crude Impacts Spot oil prices
    18:00 TRY 7-yr Treasury borrowing
    23:30 JP Core CPI Japan inflation
    23:50 JP Ind Out industrial activity
    THURSDAY
    US Holiday
    8:55 DE unem Kchg German unemployment
    9:00 DE fl HICP Key Metric for ECB
    13:30 CA Cur/Acct  Canadian external Accounts
    23:50 JP Retail Sales  Consumer Demand
    FRIDAY
    7:00 DE Ret Sales Consumer Demand
    10:00 EZ FL HICP Key ECB Metric
    12:30 CA GDP  Widest Economic Measure
    23:30 JP Unemployment 3.60% 3.50%

GVI Forex john 22:14 GMT November 24, 2014
PIVOT POINTS: Trading System



Bollinger Bands

Trading System. EUR: POSITION TRADING 20 day time frame (Bollinger Band) Support and Resistance levels Updated Daily.


WIDER BANDS THAN PIVOTS: ADJUST LEVERAGE ACCORDINGLY






GVI Forex john 22:11 GMT November 24, 2014
PIVOT POINTS: Trading System



Trading System. USD: POSITION TRADING 20 day time frame (Bollinger Band) Support and Resistance levels Updated Daily.
WIDER BANDS THAN PIVOTS: ADJUST LEVERAGE ACCORDINGLY






GVI Forex john 22:02 GMT November 24, 2014
CURRENT CONDITIONS: Mixed Risk


NY JM 21:28 GMT November 24, 2014
eurusd

This is generally not a week of big bets so market does not have a lot of firepower. For that reason the bottom may hold in the EURUSD but only back above 1.2500-05 would put it in last week's range before the breakdown. The 100 and 200 hour mva currently 1.2482-90 and 1.2480 = 50% so maybe this is the key area although the immediate obstacle is 1.2444-52 (suggests 1.2450).

Otherwise, 1.2452 = 38.2% and 1.2508 = 61.8%. Daily pivot for Tuesday 1.2415, R1 = 1.2469, S1 = 1.2385

Commodity currencies and JPY the underperformers, EUR and GBP the outperformers.

Watch USDJPY 118, it has traded 4 days in a row so see if this pattern gets broken or repeated.

Tallinn viies 21:15 GMT November 24, 2014
eurusd
Reply   
this market feels to me more and more like christmas time holiday markets...
technicals pointing one direction > market moving hundreds pips opposite directions > and this pattern repeated time after time until major move in the final days of the year or first days of the new year going 1000 pips in one direction.

it feels to me time to cut position sizes and play more range play with dynamic stops.
so for tommorow I still expect euro to test 1,2355-60 again and finally go down to 1,22sh and most likely even lower. complicated now to figure out where the tide turns again. most likely close above 1,2485.

GVI Forex john 21:13 GMT November 24, 2014
PIVOT POINTS: Trading System



EUR Pivot Points, Support and Resistance Levels, Support and Resistance. 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 Jay Meisler 21:08 GMT November 24, 2014
PIVOT POINTS: Trading System

Interesting how EURUSD gravitated to its daily pivot (1.2443)

GVI Forex john 21:05 GMT November 24, 2014
PIVOT POINTS: Trading System
Reply   


USD Pivot Points, Support and Resistance Levels. Chart Point tables. Click chart icon to store in

browser tab.


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




tokyo ginko 20:57 GMT November 24, 2014
BREAKING NEWS

good morning IB,

'Ginko still hasn't told us if prices are actually falling in Japan in JPY terms or not. There are no deflation anywhere else'

in JPY terms - prices up
in Foreign Currency - prices down

best time to invest in Japan...hav some attractive real estate deals here to go.

GT all!

GVI Forex john 20:43 GMT November 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.

GVI Forex Jay Meisler 20:31 GMT November 24, 2014
Video: Forex Trading Tip: Path of Least Resistance
Reply   


I am always on the lookout for whatever information i can gather that puts the current price action and the market in perspective. One way I do this is by what I call looking for the Path of least Resistance. This is one way to build confidence in a trade as I explain in this forex trading tip.

Video: Forex Trading Tip: Path of Least Resistance

Tallinn viies 19:29 GMT November 24, 2014
eurusd
Reply   
USA YV 19:03 GMT - in Europe it was not very common to trade IMM futures.
everybody was trading otc spot. voice brokers u know.
ebs and reuters dealing came later. imm futures were used to arbitrage between spot and futures.

GVI Forex Blog 19:27 GMT November 24, 2014
U.S. Flash Markit Service PMI Misses. German IFO Survey Beats Active Tuesday Calendar
Reply   
TOP NEWS ITEMS: JP- BOJ Minutes, DE- GDP, CA- Retail Sales, US- Case-Shiller, GDP, Richmond Fed, CB Cons Conf, 5-yr

U.S. Flash Markit Service PMI Misses. German IFO Survey Beats Active Tuesday Calendar

gc sf 19:22 GMT November 24, 2014
eurusd

and just like last week in Asia we got that comment about speed of the market moves -- which they always say in these trend moves

this week - we will get opposite comments - that things aren't going as planned - will be ready for more action.

anyway lets see a little later into the day how it plays out given it is a really short week.

gc sf 19:17 GMT November 24, 2014
eurusd

yeah that is the thing with them - you can optimize them for today's market but in 3 months time you may need an update - or slightly different strategy variation .. so that is just part of it as well.

GVI Forex Jay Meisler 19:06 GMT November 24, 2014
eurusd



One hour chart, pretty clear

USA YV 19:03 GMT November 24, 2014
eurusd

Algo trading platforms been around since the Schwartzatron circa 1980 used primarily at the CBOE utlimately sold 8 years later to Reuters where it slid into oblivion.

Tallinn viies 18:42 GMT November 24, 2014
eurusd
Reply   
gc sf 18:30 GMT - good old times never come back....
I used to work for a boutique many many years ago who executed trades for black boxes and grey boxes, etc. at that time electronic trading just started.

win win for everybody. customer made 30+ % per year. we made 100% from customer account size :)))
if program didnt work customer through it out of the window and bought new one. of course customers had 3-5 diffrerent black boxes running all the time

gc sf 18:30 GMT November 24, 2014
$yen

JP

basically I went to FX abc M - software guys to program for me - they wanted 5-6k to do what I asked .. so I bought a development program and did it myself... you can search these online - they range from free up to 1,000-2,000.

or you can go to a freelance site and pay an expert that way .. but seemed less secure and why I didn't do that.

EA trading is not intelligent - it is rule based - so while things stay in pattern it is profitable - when things go outside of pattern than its s/l just like any other sort of trading.

The main thing for me is I can't sit in front of the screen all the time anymore .. so they can fill that role for me.

I use one VPS in London and one in New York - these trade 3 brokers.

Then I can monitor everything from my Desktop or IPad... and type here at same time LOL.

As far as strategy goes - I set up - range based and breakout - these you can decide for yourself how you want to trade and what you think works best... then just test before going live.

GVI Forex Jay Meisler 18:28 GMT November 24, 2014
eurusd

1.2444 so far capping the upside (dead on) as it trades in a 1.2400-50 no man's land with upside capped as long as 1.2450 holds.

Intra-day 1.2424 is a good support with 1.2414-24 blocking a return to 1.2400.

This is not generally a week where big bets are made so keep that in mind as tomorrow is the last full day for US this week,



gc sf 18:19 GMT November 24, 2014
eurusd

My Nikkei Dec 14 CFD Range 17325-17590 current 17550

as far as Nikkei vs S/P ... S/P is not the main driver in Nikkei.

We may see $YEN dip as EUR runs up to 55-80 -- but once that is over it will be back to buying $Yen .. and if xxx/jpy rises then $Yen won't go down.

Correction looks over to me.

GVI Forex john 18:10 GMT November 24, 2014
eurusd

sf you following Nikkei futures? Im seeing 17530.00 for December contract, but S&P futures are looking weak.

Mtl JP 18:08 GMT November 24, 2014
$yen

gc sf / re earlier EA's and Pepp
any +/- experience w/hft u can share ?
tia

GVI Forex john 18:05 GMT November 24, 2014
CURRENT CONDITIONS: Mixed Risk

2-yr 0.542%
bid to cover 3.71 vs 3.11
strong

gc sf 17:58 GMT November 24, 2014
eurusd

Nikkei broken 17500 and if that goes to 18000+

$yen is sure to follow .. so with one eye on that - you have to think 117.60-70 is the bottom and we can travel to 119.10 area again and if conditions get thin enough even further.

seems whatever correction we were going to get is over.

Not sure what all this China stuff means tbh .. but it is obviously causing some flows.

GVI Forex john 17:49 GMT November 24, 2014
CURRENT CONDITIONS: Mixed Risk
Reply   

24 November--  17:35 GMT- Current Market Conditions
:
Monday has seen a much stronger than expected German IFO Survey, and then a disappointing flash Markit service PMI from the U.S. At this hour, markets are in a  MIXED ON posture with equities and bond yields turning mixed. This is a holiday shortened week in the U.S.

  • In forex, the USD is broadly lower. The EUR is higher on its major crosses. Gold and oil prices are mixed.
  • In the Far East, equities ended higher. Japanese markets were closed for a holiday.
  • European bourses are ending the day mixed. 10-yr bund and UK Gilt yields are mixed.. European peripheral bond yields are mostly lower, except for Greece..
  • The U.S 10-yr note yield is higher. U.S. share futures are up.

The heat map color scheme of interest rates reflects yields.

GVI Forex Blog 16:41 GMT November 24, 2014 Reply   
November 24, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Tuesday, November 25. Updated: Trading News Events Calendar HIGH IMPACT NEWS RELEASES: JP-BOJ Minutes, DE- GDP, CA- Retail Sales, US- Case-Shiller, GDP, Richmond Fed, CB Cons Conf, 5-yr

GVI Forex Data Outlook for November 25, 2014

GVI Forex john 16:39 GMT November 24, 2014
BREAKING NEWS



November 24, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Tuesday, November 25. Updated: Trading News Events Calendar

HIGH IMPACT NEWS RELEASES: JP-BOJ Minutes, DE- GDP, CA- Retail Sales, US- Case-Shiller, GDP, Richmond Fed, CB Cons Conf, 5-yr

  • Far East: JP- NOJ Minutes
  • Europe: DE- GDP
  • North America: CA- Retail Sales, US- Case-Shiller, GDP, Richmond Fed, CB Cons Conf, 5-yr, API


Amman wfakhoury 15:58 GMT November 24, 2014
EURUSD 12455 confirmed
Reply   
12455 confirmed will be reached , return level 12412 any decline below it will return to it if 12455 not reached.

Mtl JP 15:49 GMT November 24, 2014
BREAKING NEWS

TransUnion: Auto Loan Delinquency Rate and Debt Drive Higher in Q2

CHICAGO, IL--(Marketwired - Sep 9, 2014) - Auto loan delinquency rates increased more than 9% in Q2 2014 versus the same period last year while auto loan debt rose for the 13th straight quarter at the midpoint of 2014. The latest TransUnion auto loan report also found that both delinquency rates and debt levels rose for all age groups during Q2 2014.../..

london red 15:31 GMT November 24, 2014
eurusd

current trendline print is 1.24464

Tallinn viies 15:23 GMT November 24, 2014
eurusd
Reply   
sold euros at 1,2430. want to add at 1,2480. will revaluate if close today above 1,2465. target 1,2350 first

GVI Forex john 15:23 GMT November 24, 2014
CURRENT CONDITIONS: Risk-On

10-yr 2.331% +2.1

FW CS 15:18 GMT November 24, 2014
eurusd

For Euro bears to maintain advantage close under 1.2438 today otherwise may range trade again.

london red 14:53 GMT November 24, 2014
BREAKING NEWS

loonie. they struggled to close below the 11266 fib for quite a while so should continue to be an imp level this week.

GVI Forex john 14:51 GMT November 24, 2014
BREAKING NEWS

U.S. Data Charts
U.S. flash Markit Service PMI. down more than expected from October.

GVI Forex john 14:47 GMT November 24, 2014
BREAKING NEWS

U.S. data miss.

GVI Forex john 14:45 GMT November 24, 2014
BREAKING NEWS

U.S. Markit flash Services PMI November 2014

U.S. Data Charts




ALERT
56.3 vs. 57.2 exp. vs. 57.1 prev.

Markit PMI Press Release


TTN: Live News Special Offer

GVI Forex Jay Meisler 14:35 GMT November 24, 2014
eurusd

So we have'

1.2444 = Friday breakdown
1.2447 = current one hour trendline
1.2452 = 38.2%

High has been 1.2422

JPY (AUD and NZD as well) the weak links

EUR in background, support out of these crosses vs opposite trend on Friday

london red 14:31 GMT November 24, 2014
eurusd

hourly chart lows 7th and 14th nov coincidentally at the same hour of day. Draw a line thru those two prs and thats the lower trendline im using

GVI Forex john 14:30 GMT November 24, 2014
BREAKING NEWS

Issue apparently has been on his conduct of policy against ISIS.

GVI Forex Jay Meisler 14:30 GMT November 24, 2014
eurusd



One hour chart - note the down trendline

london red 14:24 GMT November 24, 2014
eurusd

hourly trendline currently 12447 some offers at 35 ahead of that. abv there 12479-12502 should provide at least a pullback to 12450/or trendline, whichever happen to be higher at the time. from then its either continuing lower or 12480/125 retest.

London Chris 14:24 GMT November 24, 2014
eurusd

Those who were looking for a continuation of Friday's moves are sucking wind

I do not think we get this high but 1.2480 is my ideal sell level.

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

Hagel not spending enuff ?

GVI Forex john 14:19 GMT November 24, 2014
BREAKING NEWS

U.S, Defense Secretary Hagel stepping down under pressure according to NYT.

Mtl JP 13:53 GMT November 24, 2014
eurusd

Draghi will try to bully the market again this week:

Thursday, 27 November 2014
Board member: Mario Draghi
Event: Speech by the President at seminar organised by the Bank of Finland in Helsinki, Finland.

Mtl JP 13:47 GMT November 24, 2014
eurusd

sell 1.2450 and 1.25 if/when seen

Singapore SC 13:39 GMT November 24, 2014
eurusd

Tallin do you have an idea for the range after 1.2395 did not hold on the top?

Any suggestions for a eurus sell level?

GVI Forex Jay Meisler 13:02 GMT November 24, 2014
Video: Forex Trading Outlook for Week of Nov 24, 2014

This is likely to be a thin week due a holiday in Japan, the US Thanksgiving break and month end but as we have seen, complacency can be your worst enemy as the market has been full of surprises. The weak close for the EUR after nearly three weeks of consolidation has shifted the focus to this currency, which faces some key event risks over the next few weeks. See my forex video outlook for the week ahead.

Video: Forex Trading Outlook for Week of Nov 24, 2014

GVI Forex Blog 12:35 GMT November 24, 2014
Global Markets News
Reply   
The EUR/USD hovered near the 1.24 level in quiet trading on Monday after German IFO Business Climate Survey registered its 1st MoM improvement in 7 months. Peripheral and other European yields continued to hit record lows.

TradeTheNews.com EU Market Update: IFO Business Climate Survey registers its 1st MoM improvement in 7 months

Mtl JP 12:28 GMT November 24, 2014
Nota bene

News Release
24 November 2014
Markit Global Business Outlook
Global business confidence slumps to five-year survey low

-
- Markit surveyed 6,100 companies
- A net 28% expecting higher activity, down from 39% in June - five-year low.
- "Of greatest concern is the slide in business optimism and expansion plans in the US to the weakest seenover the past five years. US growth therefore lookslikely to have peaked over the summer months, with aslowing trend signalled for coming months." - Chris Williamson, Chief Economist, Markit
--
This is likely to mean one thing: central bankers persist with more of same old policies. Never mind that they is not working. In fact because they are not working, all the more reason to not just keep but add more of the same old policies.

GVI Forex Jay Meisler 12:09 GMT November 24, 2014
eurusd

- 1.2452 = 38.2% of 1.2600-1.2360, 1.2417 = 23.6%, high so far 1.2414

GVI Forex john 11:15 GMT November 24, 2014
BREAKING NEWS

NEW CHART: Latest ZEW and IFO surveys "expectations" minus "current situation". This provides their implied forecasts. Surveys
are MIXED for the next six months. ZEW is head of the IFO.



GVI Forex john 11:01 GMT November 24, 2014
PIVOT POINTS: Trading System



EUR Pivot Points, Support and Resistance Levels, Support and Resistance. Chart Point tables. Click chart icon to store in browser tab.

GVI Forex john 10:56 GMT November 24, 2014
PIVOT POINTS: Trading System
Reply   


USD Pivot Points, Support and Resistance Levels. Chart Point tables. Click chart icon to store in

browser tab.


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




PAR 10:33 GMT November 24, 2014
CHINA
Reply   
FXStreet (Barcelona) - The Rabobank Research Team note PBoC entering the FX war fiasco by surprising the markets with a rate cut.

Key Quotes

“Only few weeks after the BoJ shocked the markets with a huge dose of fresh monetary policy stimulus, the People’s Bank of China unexpectedly cut its base 1-year lending rate by 40bps to 5.6% with the 1-year deposit rate trimmed by 25bps to 2.75%. “

“The PBoC also increased flexibility in the banking sector allowing banks to offer deposit rates at up to 20% above the benchmark from the previous cap of 10%. “

“While the central bank insisted that its first interest rate cut since 2012 (following somewhat insufficient targeted easing measures) is “a neutral operation and doesn’t mean any change in monetary policy direction”, it seems that China fired its first salvo in the currency war with the BoJ.”

GVI Forex john 10:05 GMT November 24, 2014
CURRENT CONDITIONS: Risk-On
Reply   

24 November--  10:00 GMT- Current Market Conditions
:
The highlight today already has been a much stronger than expected German IFO Survey. Currently, markets are in a mild  RISK ON posture with equity values generally higher, and bond yields up.This will be a holiday shortened week in the U.S.

  • The USD is broadly lmodestly lower and the EUR is higher on its key crosses.
  • In the Far East, equities ended higher.10-yr JGB yields are steady.. 
  • European bourses are broadly higher at this hour. 10-yr bund and UK Gilt yields are a touch higher.. European peripheral bond yields are mixed to lower.
  • The U.S 10-yr note yield is higher. U.S. share futures are up.



The heat map color scheme of interest rates reflects yields.

Tallinn viies 10:00 GMT November 24, 2014
eurusd
Reply   
sell euro ag usd today should work. expect euro to test 1,2355 and then 1,2280, 1,2220 and 1,2065 during this week.
risk only if euro able to close over 1,2465

GVI Forex john 09:13 GMT November 24, 2014
BREAKING NEWS

Global-VIew EZ and German Charts

German Ifo data: German data better than expected across the board for the first time in about a year. This is a broadly followed report EURUSD better.



PAR 09:05 GMT November 24, 2014
BREAKING NEWS

Draghi doesnt look at German data .

GVI Forex john 09:02 GMT November 24, 2014
BREAKING NEWS

IFo beats across the board. EURUSD higher. ZEW beat last week.

GVI Forex john 09:01 GMT November 24, 2014
BREAKING NEWS

BREAKING NEWS: German IFO Survey November 2014




NEWS ALERT

Climate: 104.7 vs. 103.0 exp. vs. 103.2 prev.
Conditions: 110.0vs. 108.0 exp. vs. 108.4 prev.
Expectations:99.7 vs. 98.5 exp. vs. 98.3 prev.


IFO Climate Survey



TTN: Live News Special Offer

London London 08:07 GMT November 24, 2014
New signal - Try our free trial
Reply   
Buy USDJPY
Entry: Target: Stop:

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New Signal: Buy USD/JPY @ 117.883 at 2014.11.24
S.L - 55
T.P + 45

Explanation: It's market signal - You need to place the order in your trading account if the position does not reach to Stop loose or take profit.



Posted with permission of global-view.com

forex signals

dc CB 06:31 GMT November 24, 2014
Oh My God De Can't...Like SPEND

Why Else would they give this job to a GAMMMY

Stonewalled

dc CB 06:25 GMT November 24, 2014
Oh My God De Can't...Like SPEND



Oh shock-O-rama

save us Gammy...we wants to vist you on that Thanksgiv day

But we can't SNOWSTORM...

Oh FUC*K

dc CB 06:18 GMT November 24, 2014
Oh My God De Can't...Like SPEND
Reply   
GAMMMMMMMMMMY

Is it gonna be a "Suprise" or one of D'ose Udda tings Dat Youse say when it

Donna work out

MOAR QE QE QE

it BE NECESSARY

Kill Grandma and Grandpa's Interest on their savings.

DATS WHY I LOOOOOOOK LIKE A GRANDMA from Queens....

CONSULTANTS had it all figured out

Why Else would they give this job to a GAMMMY

East Coast storm, chance of widespread rain and snow, increasingly likely on Wednesday prior to Thanksgiving

dc CB 05:55 GMT November 24, 2014
DE Homer Simpson Sunday Thanksgive me some Award O DA MONTH
Reply   
http://www.youtube.com/watch?v=dO37Ql91qqM

Graft Hobbles Iraq’s Military in Fighting ISIS

GVI Forex Blog 05:23 GMT November 24, 2014 Reply   
(NZ) NEW ZEALAND OCT NET MIGRATION: 5.3K V 4.7K PRIOR (record high)- (TW) TAIWAN OCT UNEMPLOYMENT RATE: 3.9% V 3.9%E- (VN) Vietnam Nov Consumer Price Index (CPI) Y/Y: 2.6% v 3.0%e- (TH) Thailand Q3 U

TradeTheNews.com Asian Market Update: Asia equity markets trading higher following PBoC's rate cut over the weekend - Source TradeTheNews.com

perth wtr 04:52 GMT November 24, 2014
sell usdjpy

get ready to sell usdjpy on pops above 118

GVI Forex Blog 03:39 GMT November 24, 2014 Reply   
It seems to be a season of stimulus as ECB reiterated its intent of balance sheet expansion by

Morning Briefing : 24-Nov-2014 -0339 GMT

Hong Kong AceTrader 02:56 GMT November 24, 2014
AceTrader Nov 24: Intra-Day News and Views (USD/JPY) & data to be released today
Reply   
Intra-Day Market Moving News and Views
24 Nov 2014 02:21GMT

EUR/USD - ..... The single currency weakened broadly on Friday after dovish comments from ECB's President Mario Draghi. Euro fell sharply against the greenback from 1.2553 to 1.2424 in European morning and continued to ratchet lower after a brief recovery to 1.2460.
Later, the pair fell to as low as 1.2375 in NY and then 1.2360 at Mon's NZ open before recovering in thin Asian session.

Although euro's failure to test Nov's 26-month trough at 1.2357 suggests price is likely to stage a recovery ahead of European open, the single currency is expected to undergo another round of selling pressure later in the day due to recent 'negative sentiment'.
Therefore, whilst investors may look to buy euro on dips for a recovery towards 1.2400 for st trade, preferred strategy is selling on intra-day rebound.
Bids are placed at 1.2370-60 with stops emerging just below 1.2350.
On the upside, offers are located at 1.2390-00 and then 1.2415/20 with mixture of offers and stops noted at 1.2440/45 and just above 1.2450.

Investors should pay close attention to the release of German IFO reports in European morning (09:00GMT). Market forecasts the headline IFO Business Climate Index to edge further down to 103.0 in Nov, below the 103.2 booked in October, which was the lowest level since Dec 2012.
Meanwhile, the Current Assessment sub-index is also seen edging down to 107.9, after posting a figure of 108.4 a month ago. Only the IFO Expectations Index is projected to rise to 98.6, from 98.3 in Oct.


This week will see the release of following economic data:

Swiss non-farm payrolls, German Ifo business climate and U.S. Markit services PMI on Monday;

Japan's BoJ meeting minutes, New Zealand's RBNZ inflation expectation, German GDP, U.S. prelimary GDP, PCE prices and Redbook, Canada's retails and U.S. monthly home price and consumer confidence on Tuesday;

German import prices U.S. GDP and CBI distributive trades, U.S. core PCE, durables, personal income, Chicago PMI, University of Michigan sentiment, new home sales, pending homes sales change and building permits on Wednesday;

New Zealand's trade balance, Australia's HIA new home sales, Swiss GDP, U.K. Nationwide house prices, German unemployment rate, EU business climate, consumer confidence, economic sentiment, Germn Gfk consumer sentiment, HICP and CPI on Thursday;

Japan's unemployment rate, CPI, prelimary industrial output, IP forecast, retails sales, New Zealand's NBNZ business outlook U.S. Gfk consumer confidence, Japan's construction orders, housing starts, Swiss KOF indicator, EU inflation and unemployment rate, Canada's GDP and producer prices on Friday

dc CB 02:38 GMT November 24, 2014
Nota bene

Fair Game
By GRETCHEN MORGENSON

The Fed announcement looks an awful lot like damage control. It came late Thursday afternoon, directly after one Senate hearing that was critical of Fed practices and before another on Friday. It also came after a bill proposed by Senator Jack Reed, a Rhode Island Democrat, that would change the way the head of the most powerful of the 12 district banks — the Federal Reserve Bank of New York — is appointed. Currently, the president of the New York Fed is selected by its so-called public board members — those not affiliated with financial institutions.

Senator Reed’s proposal would give the president of the United States, with Senate approval, responsibility for naming the president of the New York Fed....................

Increasing scrutiny of the Fed, and the New York Fed in particular, is absolutely justified, given the immense powers they enjoy. Lest we forget, it was the New York Fed, under Timothy F. Geithner, that let Citibank increase its risky assets in the years leading up to the crisis. And it was the same New York Fed that seemed more interested in bailing out the big-bank trading partners of the American International Group than in rescuing the insurer itself.

The Week That Shook the Fed

perth wtr 01:29 GMT November 24, 2014
sell usdjpy
Reply   
selling on rallies as long as under 118.25

Melbourne Qindex 00:27 GMT November 24, 2014
EUR/USD : Critical Point 1.2348

Buy EURUSD
Entry: Target: Stop:




EUR/USD : Weekly Cycle Projected Series


... 1.2179 - 1.2211* - 1.2244 - 1.2260 // 1.2276* - 1.2292 - 1.2308 - 1.2324 - 1.2340* - 1.2357 - [1.2373 - 1.2389 - 1.2405* - 1.2421 - 1.2437 - 1.2453 - 1.2469* // 1.2486 - 1.2502 - 1.2534* - 1.2566 ...


Qindex.com

Quantum Index Analysis

 




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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