GVI Forex Blog 22:53 GMT November 26, 2014
Reply
The Forex market is an action packed destination. When you fund your stakes on a global level, any single mistake can transform your hard-earned money into worthless ash
Taking Advantage of Market Reports
GVI Forex john 21:58 GMT November 26, 2014
BREAKING NEWS
Weekly
Trading Planner Top Items (GMT):
THURSDAY
US Holiday
OPEC Meeting All day
8:55 DE unem Kchg German unemployment
9:00 DE fl HICP
Key Metric for ECB
13:30 CA Cur/Acct Canadian External Accounts
23:30 JP Core
CPI Japan inflation
23:50 JP Retail Sales Consumer Demand
23:50 JP Ind Out industrial activity
FRIDAY
7:00 DE Ret
Sales Consumer Demand
10:00 EZ FL
HICP Key ECB Metric
12:30 CA GDP
Widest Economic Measure
16:0
0 US Markets Close Early
gc sf 20:36 GMT November 26, 2014
Asia
NZD is the most interesting market - that makes like 18 times now where it threatened to drop out of this buy mentality pattern only to snap back at the last minute.
going to have to watch for some RBNZ statement soon I suppose to try to slow that down.
gc sf 20:21 GMT November 26, 2014
Asia
Reply
Just seeing t/p selling in EUR + GBP at the moment .. I don't believe these markets are bullish -- as even bad US Numbers are better than anyone else's at the moment
so just technical trading .. I think it's just once it gets overbought - the risk/reward goes out of holding EUR . so EA just sells out.
dc CB 19:37 GMT November 26, 2014
As the Snow falls on the EcOnOmEE
GOPRO to rocket the a Higher Net Valuation than Apple.
Anncs the Ultimate Narcissistic NEW NEW device for the Ultimate Narcissist on your list -you know the one who's sooooo tough to buy for.
THE GOPRO DRONE CAMERA...Video yourself as you Video yourself.
coming soon THE GOPRO DRONE DRONE
GoPro to roll out consumer drones
Mtl JP 19:36 GMT November 26, 2014
Prediction from IMF on Canadian Housing Market Landing
Even though real estate prices have been rising faster than inflation and are going through the roof in some parts of Canada, home ownership actually became more affordable in the third quarter, according to a quarterly survey by RBC Economics
Amman wfakhoury 17:49 GMT November 26, 2014
EURUSD 12540 confirmed
Reply
12540 confirmed will be reached , any decline will return to 12500.
The only one in the world who confirms the next level
GVI Forex Blog 17:20 GMT November 26, 2014
Reply
November 26, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Thursday, November 27. Updated: Trading News Events Calendar
HIGH IMPACT NEWS RELEASES: JP- CPI, Industrial Output, OPEC- All Day, DE- Unemployment, flash HICP, US- Holiday, CA- Current Account
GVI Forex Data Outlook for November 27, 2014
GVI Forex john 16:57 GMT November 26, 2014
CURRENT CONDITIONS: Mixed Risk
Reply
26 November-- 16:50 GMT- Current Market Conditions:
European markets are ending n Europe in a MIXED RISK posture on Wednesday as
equities end mixed. The slew of U.S. data today mostly were
disappointing. U.K. revised
3Q14 headline GDP saw no changes, as expected. U.S. Markets
effectively will closed around midday.
- In forex, the USD is trading broadly weaker.. The
EUR is mostly lower on
its major crosses, except vs the USD Gold is weaker and oil
prices are steady heading
into the OPEC decisions Thursday.
- In
the Far East, equities ended mostly higher. In Japan, the Nikkei lost
slightly and JGB yields fell.
- European bourses are closing mixed. 10-yr
bund and UK Gilt
yields are down. European peripheral bond yields are
mixed.
- The U.S 10-yr note yield is easier.
U.S. share futures are mixed.
The
heat map color scheme of interest rates reflects yields.
GVI Forex john 16:55 GMT November 26, 2014
BREAKING NEWS
November 26, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Thursday, November 27.
Updated: Trading News Events Calendar
HIGH IMPACT NEWS RELEASES: JP- CPI, Industrial Output, OPEC- All Day, DE- Unemployment, flash HICP, US- Holiday, CA- Current Account
- Far East: JP- CPI, Industrial Output
- Europe: OPEC- All Day, DE- Unemployment, flash HICP
- North America: US- Holiday, CA- Current Account
nw kw 16:41 GMT November 26, 2014
The War on Savers
...they would have "lost" $20,000 in annual income.was call s&p has 20 year bull run
dc CB 16:31 GMT November 26, 2014
The War on Savers
dc CB 18:59 GMT November 23, 2014
Nota bene: Reply
Mtl JP 20:49 GMT November 22, 2014 - My Profile
Amazing resilience by American public to getting screwed ....CHARLES R. SCHWAB in WSJ
With the Fed�s near-zero policy, households headed by someone 75 or older have lost $2,700 annually in interest income. .../..
.... by the time they were in their 70's has stashed away $400K. They used CDs, and voided the Stoc Mrkt. Even at a basic "passbook" interest rate of 5% ...they would have "lost" $20,000 in annual income. Perhaps if this Effect of ZIRP was out front discussed people would get more PO'd.
+++++++++++++++++++++++++++++++++++++++++++++++++
Think anyone will figure this out....much less complain.
Obamacare offers firms $3,000 incentive to hire illegals over native-born workers
Mtl JP 16:29 GMT November 26, 2014
The War on Savers
not sure I would qualify something that might last 6+ years as a storm
more like slow climate change
Got Gold - physical and not held anywhere in or near a bank ?
Paris ib 16:24 GMT November 26, 2014
The War on Savers
JP - now apparently. Trough to happen 2020. So lots of fun ahead.
Mtl JP 16:23 GMT November 26, 2014
The War on Savers
when is 'the perfect storm' coming ?
Paris ib 16:16 GMT November 26, 2014
The War on Savers
Another guy talking about 'the perfect storm' that is coming.
dc CB 15:47 GMT November 26, 2014
BREAKING NEWS
VIX going to the 11 handle...
2080 +++ Fri, Monday?
emini
Central Kwun 15:24 GMT November 26, 2014
Gold is sick
Reply
Gold
Entry: Target: Stop:
all data today also not benefit to USD, non USD are all rebound, only gold not rise, manipulate?
GVI Forex john 15:17 GMT November 26, 2014
BREAKING NEWS
CB- the majority of today's stats were not produced or released by the government. We might want to start to take notice?
PAR 15:16 GMT November 26, 2014
BREAKING NEWS
US consumers only buying IPhones .
GVI Forex john 15:11 GMT November 26, 2014
BREAKING NEWS
Pending Homes Sales weaker than forecast. Alarming chart since the red line is a reliable leading indicator for the most important housing Statistic.
Paris ib 15:11 GMT November 26, 2014
BREAKING NEWS
CB - lol well that made me laugh anyhow. :-)
dc CB 15:10 GMT November 26, 2014
BREAKING NEWS
From: The Cynics Corner
Re: Today's crap-ola Stats.
Well the Elections over.
GVI Forex john 15:07 GMT November 26, 2014
BREAKING NEWS
New Homes Sales in October miss estimates.
GVI Forex john 15:02 GMT November 26, 2014
BREAKING NEWS
more misses on housing
dc CB 14:59 GMT November 26, 2014
BREAKING NEWS
Those 7Y issues are going to fly off the shelves this afternoon... likes is Black Friday at BestBuy
GVI Forex john 14:58 GMT November 26, 2014
BREAKING NEWS
U.S. Data Charts
University of Michigan Sentiment Survey. Final data revised down from preliminary reading.
GVI Forex john 14:55 GMT November 26, 2014
BREAKING NEWS
U of M misses
GVI Forex john 14:45 GMT November 26, 2014
BREAKING NEWS
Chi PMI another miss
GVI Forex john 14:41 GMT November 26, 2014
CURRENT CONDITIONS: Risk-On
10-yr 2.240% -2bp.
We noted early yesterday that 2.30% was a key support level.
Reports of heavy overseas demand for U.S. treasuries due to "relatively high" yields compared to EZ and Japan. View is those flows would continue, which is USD positive. These are not my views., They are what I have read.
london red 14:36 GMT November 26, 2014
BREAKING NEWS
euro pivot last months low 12485
PAR 14:18 GMT November 26, 2014
YIELDS
Reply
GERMANY SELLS 10-YEAR BUNDS AT RECORD-LOW YIELD OF 0.74%
The punchline: this was another technically "failed" auction as it was uncovered, the 10th of the year, as there was not enough investor demand at this low yield, and so the Buba had to retain a whopping 18.8% - the most since May - with just �3.250Bn of the �4Bn target sold, after receiving �3.67Bn in bids.
Miami JN 14:18 GMT November 26, 2014
BREAKING NEWS
Par, why post something like that? It is only s recap and really days nothing we don't already know,.
PAR 14:09 GMT November 26, 2014
BREAKING NEWS
FXStreet (C�rdoba) - EUR/USD rose from 1.2480 and climbed above 1.2500, reaching at 1.2506 the strongest level since last Friday after the release of economic data in the US, that weakened the US dollar across the board.
In the US three important economic reports were released with the majority below the consensus. The positive report was the durable goods orders that climbed 0.4%, analysts projected a decline of 0.6%. Personal income rose 0.2% in October, below the 0.4% expected, while personal spending increase 0.2% versus the 0.3% analysts were expecting. Initial jobless claims rose from 292.00 to 313.000 during the week of November 21.
Before Thanksgiving holiday volumes are non existant .
manila tom 14:05 GMT November 26, 2014
sell gbpusd
sold small cable 1.5780, adding later
GVI Forex john 13:53 GMT November 26, 2014
BREAKING NEWS
Weekly Jobless are notoriously volatile, but no special factors were reported to be in the data. We need to look at the data over several weeks to confirm, but we have to watch them closely.
GVI Forex Jay Meisler 13:52 GMT November 26, 2014
EURUSD
1.2508 (high) also 61.8% of 1.2600-1.2360 (posted yesterday) and R1 (see our pivot points). 1.2492 = 20 day mva
perth wtr 13:50 GMT November 26, 2014
sell gbpusd
sold cable 1.5784, stop 1.5825, target open
GVI Forex john 13:49 GMT November 26, 2014
BREAKING NEWS
U.S. Weekly Jobless Claims back above 300K. Trend developing?...
Click on chart for over ten-year history
kl fs 13:48 GMT November 26, 2014
sell gbpusd
Reply
short 1.5782, stop above today's high!!
GVI Forex john 13:41 GMT November 26, 2014
BREAKING NEWS
U.S. CPI and Core PCE Deflator. Fed Targets PCE Deflator. Rising,
GVI Forex Blog 13:40 GMT November 26, 2014
Reply
The Forex market is an action packed destination. When you fund your stakes on a global level, any single mistake can transform your hard-earned money into worthless ash.
Taking Advantage of Market Reports
PAR 13:37 GMT November 26, 2014
Jobless Claims
Reply
United States Initial Jobless Claims above forecasts (288K) in November 21: Actual (313K)
Above the magical 300.000 .
GVI Forex Jay Meisler 13:14 GMT November 26, 2014
GBPUSD
Reply
One hour chart
Breakout level 1.5735
Little on top so suggest using the daily pivot point levels
GVI Forex Jay Meisler 12:43 GMT November 26, 2014
EURUSD
Reply
I posted this one hour chart yesterday and pointed out the key trendline - note how it held today and 1.2444 held as the low.
PAR 12:13 GMT November 26, 2014
BREAKING NEWS
Data released by the US Mortgage Brokers Association indicated that mortgage applications fell 4.3 percent in the week ended 21 November. The fall comes after a 4.0 percent rise the previous week and is the first drop since 7 November.
House purchases declined 4.8 percent after an 11.7 percent gain the previous week.
The average 30-year fixed-rate mortgage approved was 4.15 percent versus 4.18 percent the previous week.
GVI Forex john 11:51 GMT November 26, 2014
BREAKING NEWS
FWIW- U.S. markets should wind down early for the week this afternoon in the U.S. In addition to the Thanksgiving holidays, parts of the Northeast U.S. will see a significant snowfall. This would be about a month earlier than normal. This could add to the rush to the doors this afternoon!
So look out for thin markets later today, but there should a lot of interest in the OPEC decision on Thursday.
GVI Forex john 11:33 GMT November 26, 2014
BREAKING NEWS
Weekly
Trading Planner Top Items (GMT):
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
OPEC Meeting All day
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
16:00 US Markets Close Early
Melbourne Qindex 11:20 GMT November 26, 2014
EUR/USD : Critical Point 1.2348
Buy EURUSD
Entry: Target: Stop:
EUR/USD : The weekly cycle normal limits are positioning at 1.2520 - 1.2566 - 1.2778. The odds are in favour of maintaining a long position when the market is able to close above 1.2520 in the New York session.
Qindex.com
===========================================
Melbourne Qindex 00:27 GMT November 24, 2014
EUR/USD : Critical Point 1.2348 : Reply
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 ...
Quantum Index Analysis
GVI Forex Blog 10:13 GMT November 26, 2014
RISK ON: U.K. 3Q14 GDP Were Unrevised. Pre-Holiday Data Dump From the U.S. Today
Reply
TOP NEWS ITEMS: US- Personal Income, PCE Deflator, Weekly Jobless, Durable Goods, Chicago PMI, University of Michigan, New Home Sales, Pending Homes, Weekly Crude, 7-yr
RISK ON: U.K. 3Q14 GDP Were Unrevised. Pre-Holiday Data Dump From the U.S. Today
PAR 10:12 GMT November 26, 2014
ECB BUYING SOUVEREIGNS AT ALLTIME HIGH. WHO IS SELLING ?
Reply
FXStreet (Barcelona) - Analysts at Deutsche Bank note that the prospect of ECB buying in is being priced in the Bunds and European Government Bonds, which is the replication of the kind of rally that happens in US between bouts of QE.
Key Quotes
�Staying on core rates it is also worth noting that 10yr Bund yields went through the October 15th's flight to quality all time closing lows of 0.756%. Indeed the 10yr Bund yield fell by 3bp to 0.748% yesterday. Its an impressive achievement as when we were at these levels in the stress of 6 weeks ago, Crossover closed at 401bp (now 334bp) and Stoxx 600 at 311 (now 346) so European Government bonds and even Bunds just keep on performing even with risk-on back in vogue.�
�Obviously the prospect of ECB buying is increasingly being priced in. One thing that makes us slightly nervous of this trade continuing is that the experience of the US was that Treasuries tended to rally most between bouts of QE and not during. So will it be a case of "buy the rumour sell the fact" if and when QE happens?�
�However Japan's mega QE and still ultra low yields is a cautionary tale that the US experience isn't necessarily a fool proof template but maybe the BoJ are buying far more of the JGB market than their peers thus really completely distorting the price. So there are a number of things to consider but it�s not a slam dunk that bunds will continue to be strong after QE.�
GVI Forex john 10:07 GMT November 26, 2014
CURRENT CONDITIONS: Risk-On
Reply
26 November-- 10:10 GMT- Current Market Conditions:
Markets remain in a mild RISK ON posture
early on Wednesday as equities are trading mostly higher. U.K. revised
3Q14 headline GDP saw no changes, as expected. Today sees a
pre-holiday data dump for the U.S. Markets in the States effectively
are closed after midday.
- In forex, the USD is mostly higher into data releases. The
EUR is mostly lower on
its major crosses. Gold is weaker and oil prices are steady heading
into the OPEC decisions on Thursday.
- In
the Far East, equities ended mostly higher. In Japan, the Nikkei lost
slightly and JGB yields fell.
- European bourses are mostly higher. 10-yr
bund and UK Gilt
yields are down. European peripheral bond yields are
mixed.
- The U.S 10-yr note yield is easier.
U.S. share futures are up.
The
heat map color scheme of interest rates reflects yields.
PAR 09:47 GMT November 26, 2014
ITALY
Reply
Draghi has to do more to help ITALY .
FXStreet (London) - Italian consumer confidence declined in November, defying consensus expectations on a strengthening of October�s figure.
The index came in at 100.2, down on the 101.2 October print and below expectations of a strengthening to 101.6.
GVI Forex john 09:34 GMT November 26, 2014
BREAKING NEWS
U.K. revised headline 3Q14 GDP unchanged.
nw kw 09:32 GMT November 26, 2014
AUD .8500
xauaud heading to top of its channel 1412 first resistance at 1410 ,a/u .8480 if cant hold .8430 first target poss retrace .8470
Amman wfakhoury 09:30 GMT November 26, 2014
EURUSD 12455
Reply
Amman wfakhoury 15:22 GMT 11/25/2014
any rise above 12455 will return to it sell above it.
___________________________---
again 12455 reached.
and this call is ended.
jkt abel 09:27 GMT November 26, 2014
A Thanksgiving Trading Tale
careful fs, it may spike up to take out your stop IMO before heading down
kl fs 09:22 GMT November 26, 2014
A Thanksgiving Trading Tale
ok all in now, hopefully it does not make new high anymore
kl fs 04:20 GMT 11/26/2014
sell gbpusd 1.5701, adding above 1.5720 stop all 1.5757
UK CH 09:22 GMT November 26, 2014
EURUSD 12495
WFakhoury
Outstanding call
PAR 09:20 GMT November 26, 2014
YIELDS
Reply
The US Note future broke above first resistance (127-00+) while the Bund tested the contract high (152.49).�
�The German 10-yr yield is 2 bps away from the all-time low (0.72%). At the end of the day, the German yield curve bull flattens with yields flat bps (2-yr) to 3.9 bps (30-yr) lower.�
�In the US, the curve shifted in the same way with yields up to 5.9 bps lower.�
�Technically, both the US 10-yr yield and US 30-yr yield fell below the lower bound of the past month�s sideways trading ranges (respectively 2.27% & 3%).�
�The US 5-yr yield for now remains above that level (1.55%) but the margin is small. A sustained break would be a technical signal that US yields could drop further short term.�
Central Kwun 09:13 GMT November 26, 2014
EURUSD 12495
thx, wfakhoury master, swiss won't pass the vote, so just keep selling
Sydney Help 09:12 GMT November 26, 2014
AUD .8500
Reply
AUDUSD
Entry: Target: Stop:
Buy or sell.????
nw kw 09:05 GMT November 26, 2014
EURUSD 12495
3 gold pares hade 150.00 up spike on my platforms poss sell
Amman wfakhoury 09:00 GMT November 26, 2014
EURUSD 12495
Gold keep it,s power and momentum and trading now in narrow range till coming sunday.awaiting Swizerland to vote on its GOLD reserve.
Amman wfakhoury 08:56 GMT November 26, 2014
EURUSD 12495
Amman wfakhoury 08:16 GMT 11/26/2014
12495 confirmed during Asia session , return 12455.
___________________
12495 reached
Central Kwun 08:45 GMT November 26, 2014
EURUSD 12495
Gold
Entry: Target: Stop:
wfakhoury master, yesterday you mentioned gold need to close above 1201 in order for 1205, but finallly failed to substain above 1201, may i know your latest prediction?
PAR 08:17 GMT November 26, 2014
JUNCKER
Reply
Voodoo economics . Invest and if you lose european taxpayers will pay . Privatise profits , socialise losses .
A really briljant idea .
Amman wfakhoury 08:16 GMT November 26, 2014
EURUSD 12495
Reply
12495 confirmed during Asia session , return 12455.
The only one in the world who confirms the next level
Hong Kong AceTrader 07:09 GMT November 26, 2014
AceTrader Nov 26: Intra-Day Market Moving News and Views (EUR/USD)
Reply
Intra-Day Market Moving News and Views
26 Nov 2014
EUR/USD - ....... This morning the single currency pared early losses as release of disappointing U.S. consumer confidence in NY morning following upbeat U.S. Q3 GDP (2nd reading) triggered broad-based selling in greenback. Euro rebounded strongly after a brief dip to 1.2402 and then rallied to session highs of 1.2486 b4 retreating to 1.2459 on profit-taking.
As euro has maintained a biddish tone in Asian morning, suggesting buying euro on dips for marginal gain above 1.2500 level is recommended, however, daily outlook remains consolidative and last week's peak at 1.2602 should remain intact today.
Although eco. data from EU countries due out in European morning may have little impact on euro, investors are unlikely to enter large position ahead of the release of a slew of U.S. data in NY morning.
At present this morning, bids was placed at 1.2460/55 and then 1.2440-30 with stops emerging below 1.2410, whilst offers from various accounts are located at 1.2490-00 and near 1.2520 with a mixture of offers and stops emerging above 1.2550.
Provo John 03:57 GMT November 26, 2014
A Thanksgiving Trading Tale
Jay, is that the day you bought her a mink coat or am I thinking of someone else?
GVI Forex Jay Meisler 02:18 GMT November 26, 2014
A Thanksgiving Trading Tale
One of my forex trading tips is not to be complacent, which is easy to do in a week like this where the U.S. Thanksgiving holiday is not generally one when big bets are made. You can already see forex traders resigned to a holiday week where many in the US take an extended break. This does not mean you should not stay alert as I will explain in this Thanksgiving Tale.
A Thanksgiving Trading Tale
Hong Kong AceTrader 02:13 GMT November 26, 2014
AceTrader Nov 26: Intra-Day News and Views (USD/JPY) & data to be released today
Reply
Intra-Day Market Moving News and Views
26 Nov 2014 02:00GMT
USD/JPY -....... Dlr weakened vs the Japanese yen on Tuesday after volatile sessions. Although price has rebounded after early sell off from 118.57 to 117.70 in Asia due to BoJ meeting minutes n comments from BoJ Governor Haruhiko Kuroda who voiced concerns over the impact of the weaker yen on the economy, price briefly jumped to 118.30 in NY morning after upbeat U.S. Q3 GDP (prelim.).
Later, dlr retreated to 117.72 in NY afternoon following the release of disappointing U.S. consumer confidence and then further to 117.67 in Wednesday's Tokyo morning.
Although intra-day's weakness in Asia suggests choppy trading with mild downside bias remains, sharp fall below 117.36 (Fri's reaction low from last Thursday's fresh 7-year peak at 118.98) is not envisaged as investors are awaiting the release of a slew of U.S. economic reports in NY morning.
At present, offers are noted at 118.00-10 and then 118.25/30 with mixture of offers and stops emerging just above 118.60.
On the downside, bids are placed at 117.40-30 and around 117.10 with stops located just below 117.00.
Wednesday will see the release of 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.
Sydney ACC 01:38 GMT November 26, 2014
AUDNZD
And the TWI is higher than where it was on January 2. Last night's figure 69.0 versus 68.6.
Brisbane Flip 01:29 GMT November 26, 2014
AUDNZD
Despite all the headlines about "4 year lows" AUDUSD is only down a very moderate 4% YTD
Sydney ACC 01:13 GMT November 26, 2014
AUDNZD
RBA appears to be more aggressive nowadays talking down the AUD than RBNZ with reference to the Kiwi. NZ Finance Minister Bill English a couple of weeks ago indicated the government would be happy with NZD trading in the mid to high seventies versus USD.
Last nights statement by the RBA's deouty governor Philip Lowe that the RBA has room to lower interest rates if need be was to my understanding the most recent such indication. These kind of opinions are not formulated off the cuff. they are thought out well beforehand. Its possible therefore that the statement from next weeks board meeting could err further to the easing side. Given that outcome AUD will be in for a further hit.
NZD on the other hand is open to sharp declines from RBNZ statements. Nevertheless so far the Kiwi has rebounded in every instance.
Both central banks are probably cognisant of the impact QE in Europe would have on global financial markets for instance many European government bonds recorded historical lows yesterday.
The market has been factoring in for some time a cut in the Australian cash rate. Its been the market economists who have been tipping an increase. Many of these forecasters have now adjusted their opinions on an increase out to more than twelve months from now. Remember its the traders who back tyheir opinions with real money.
Brisbane Flip 01:13 GMT November 26, 2014
AUDNZD
John I have normally steered pretty clear of AUDNZD (except at extremes)....the kiwi's spasmodic liquidity sees some pretty bizarro price action, saying that....
I think despite the headlines that AUD/USD is on 4 year lows, Aussie is actually pretty high versus Yen, Euro and even Kiwi and will come significantly lower. As I have blabbed a bit people look at interest rates and think "so when is the first rate hike" whereas I think after years of inflated consumption pushing Australia to the least affordable cities lists we actually have deflation in our future.
I got the same "it can't happen" "There is no such thing as deflation outside Japan" push back when living in Ireland in 2006/07. Now Australia is not Ireland but we have priced everything to perfection and have squandered a once in a lifetime opportunity where Government tax take ballooned but was spent just shortsightedly thinking everything extrapolates to the horizon.
Mtl JP 01:12 GMT November 26, 2014
Asia
usdyen S1 Sup 1 117.56
gc sf 00:57 GMT November 26, 2014
Asia
Reply
it really was an interesting night and lots of data later to trade from ... but intra-day Asia .. I'm not expecting much.
$yen has gone from market leader to just a sideshow at present - that takes away a lot from our market... and how far things can move.
gc sf 00:50 GMT November 26, 2014
AUDNZD
one of the best guides to AUDNZD is the Westpac Wellington morning summary - Jay or John posts .. so I would keep my eye out for that John .. that would have a much better view than anything I have.
Provo John 00:13 GMT November 26, 2014
AUDNZD
Reply
Well, this cross is poking it's head below 1.0915 which has been a double bottom going back to July. I was to much of a ninny to go short at the double ( now triple ) top at 1.13 ( been burned too many times on AUD and NZD ).
So, would love to get some feedback Al, Flip, sf
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