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Forex Forum Archive for 03/05/2014

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HK [email protected] 23:32 GMT March 5, 2014
A harbinger for the coming NFP?
Reply   


President Obama’s job approval rating hits a record low this week, as a majority of Americans say his administration has mostly failed at growing the economy, creating jobs, improving health care and the country’s image.

For the first time in a Fox News poll, fewer than four voters in ten -- 38 percent -- approve of President Obama’s job performance. Fifty-four percent disapprove. Before now Obama’s worst job rating was 40-55 percent in November 2013. Last month 42 percent approved and 53 percent disapproved (February 2014).

Obama's approval hits new low

GVI Forex Blog 23:16 GMT March 5, 2014
Forex News
Reply   
* Euro softer against many of its peers but up versus yen * ECB could loosen policy at Thursday's review * Aussie dollar holds gains after upbeat local data

FOREX NEWS - Euro wary ahead of ECB; Aussie basks in growth glow

dc CB 22:46 GMT March 5, 2014
"The market is an artificial fabrication,"
Reply   
"Asset markets now are totally an illusion... they are pricing in an alternative reality that is so different what is going on"

"The reason for this is the Fed - the modern day Victor Frankenstein - who have created this thing that otherwise wouldn't live"

"We are led to believe there is this vigor out there, whereas in reality, if the Fed pulled out, the market would be cut in half"

"Japan is a crazy science experiment... it's a scary scary place [to invest]"

Mark Spitznagel Warns "Fed's Frankenstein Markets Are Totally An Illusion"

Cambridge Joe 22:26 GMT March 5, 2014
strategy

sf
'please make your comments / trading ideas or suggestions.'

I have aususd to sell atm. gbpjpy also , but things are a bit spasmodic. eurjpy should be selling, but it keeps getting batted back up.

All I have Bro.

Cambridge Joe 22:03 GMT March 5, 2014
Spread
Reply   
Just as eurjpy make a 10 pip move south, the spread jumps tp ~11 pips.

Not around the time... precisely at the time.

coincidence ?

dc CB 21:55 GMT March 5, 2014
Top Trade
Reply   


Looking back...those who shorted the obvious BS of WWIII this week....er past 2 days....made their Quarter and are basking in the Bahamas...too cold in the Hamptons....burrrrrrr...And will continue...see 6-10day

WTI Monday Fear Spike $105 and change

Wed and still falling $101

GVI Forex john 20:43 GMT March 5, 2014
Chart Points - Free FX 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 Blog 20:04 GMT March 5, 2014
U.S. ADP Jobs Softer than Seen. U.S. and European PMIs Mixed. Bank of Canada steady
Reply   
HIGH IMPACT ITEMS: AU- Trade, DE- Factory Orders, GB- Bank of England, European Central Bank, US- Productivity, Weekly Jobless, Factory Orders, Natural Gas, CA- Ivey PMI

No rate change by the ECB is seen on Thursday, although there is chatter about a reduction in the sterilization of asset purchases. Flash Eurozone HICP data ticked up in January. Also, the German Bundesbank is not in favor of a rate cut. We feel ECB policy is geared more to the needs of Germany than the rest of the bloc. German data recently has been mostly better than seen.A BOE decision is also due Thursday.

U.S. ADP Jobs Softer than Seen. U.S. and European PMIs Mixed. Bank of Canada steady

GVI Forex john 20:02 GMT March 5, 2014
Chart Points -- Trading Points
Reply   
Pre-Closing Trading Points...
many more chart points
About Moving Averages
About Bollinger Bands


Syd sf 19:28 GMT March 5, 2014
strategy

and what I was referring to - is what will happen until NFP = sideways to lower .. after that well things will change.

please make your comments / trading ideas or suggestions.

Syd sf 19:27 GMT March 5, 2014
strategy
Reply   
I can see US stock guys going sideways to lower with the NFP most likely to disappoint.

but for the FX Side of things .. its hard to see much movement

I suppose the obvious trade will be eurusd :

* nothing from ECB / weak NFP = sell USD = 1.3880
* something from ECB = 1.3640 then weak NFP = 1.3720
* something from ECB = 1.3640 surprise NFP = 1.3580

notice though to trend one way - everything has to line up .. otherwise we will find ourselves back at the same prices.

$yen is tied to stocks and honestly you will get more money out of trading the Nikkei than $yen - whatever side you favor.

GVI Forex john 19:07 GMT March 5, 2014
U.S. Fed Beige Book

Reports from most of the twelve Federal Reserve Districts indicated that economic conditions continued to expand from January to early February. Eight Districts reported improved levels of activity, but in most cases the increases were characterized as modest to moderate. New York and Philadelphia experienced a slight decline in activity, which was mostly attributed to the unusually severe weather experienced in those regions. Growth slowed in Chicago, and Kansas City reported that conditions remained stable during the reporting period. The outlook among most Districts remained optimistic....MORE

Summary of Commentary on Current Economic Conditions by Federal Reserve District

GVI Forex Blog 19:06 GMT March 5, 2014 Reply   
Further weak data from the US capped equities. Private sector payrolls and services activity (ISM) both undershot expectations, pushing US interest rates and the US dollar lower

Australia & NZ Morning Thoughts

GVI Forex john 19:04 GMT March 5, 2014
U.S. Fed Beige Book
Reply   



ALERT
U.S. Economy expanded at a modest to moderate pace...
Severe weather impacted Norheast and Middle Atlantic States


TTN: Live News Special Offer


Direct links to primary data sources

dc CB 18:43 GMT March 5, 2014
FX rigging is proved to be a Tin Hat Theory
Reply   
the BoE has investigated and it's all clear (Via Bloomberg),

The BOE is probing allegations officials condoned practices at the heart of a widening rigging scandal involving traders at the world’s largest banks. It said today the investigation has found no evidence to date its employees were involved in collusion.

Bank Of England Finds No Evidence Of FX Market Collusion (But Suspends Employee)

dc CB 18:41 GMT March 5, 2014
Ben Speaks

via ZH

On the heels of yesterday's confessions (as we detailed here), ex-Fed chair Ben Bernanke continues his contrition:

*BERNANKE SAYS HE UNDERESTIMATED IMPACT OF SUBPRIME PROBLEM
*BERNANKE SAYS HE THOUGHT SLOWDOWN WOULD BE 'MODERATE'

But apart from that, "nailed it." What a great way to earn $250,000 per appearance (a year's Fed salary): by admitting your mistakes destroyed the middle class.

HK [email protected] 18:16 GMT March 5, 2014
will expand military cooperation with Poland and Baltic states
Reply   


Read it: Sell them more military hardware.

Thus: Buy euro for 1.3870 first.

HK [email protected] 18:04 GMT March 5, 2014
At least I am not on the wrong side of the history
Reply   


1) I didn't side with the rebels realising serine gas in Damascus and killing civilians.

2) I didn't side with the Ukrainian reformists, sniping on their own people.


I always maintain the view, to be on the right side of the history(A La O.).

Mtl JP 17:47 GMT March 5, 2014
Kidnapped!

AFP Washington - The United States will expand military cooperation with Poland and Baltic states to show "support" for its allies after Russia's intervention in Ukraine, Pentagon chief Chuck Hagel said Wednesday.
-
Gold slightly UP at 1341-ish

HK [email protected] 17:22 GMT March 5, 2014
Kidnapped!


It is easy to see that the world will soon realize that the Ukraine, is nothing but a sh!t-hole.
No one will take a risk to intervene there, except the Russians who have to protect their interests.
Once the US(O.) will find that they are totally isolated in this matter, all will be fixed.
So risk to the FX market may turn nil soon. And gold will not benefit from the situation.

Mtl JP 17:19 GMT March 5, 2014
Kidnapped!

Gold zzzs... 1338.70-ish for last half-hour

GVI Forex john 17:04 GMT March 5, 2014
Fixed Income Snapshot

Late in European trade, fixed income markets are trading weaker. European equities ended mixed to higher. Worries about Ukraine continue to abate, as President Putin seems to be turning down the pressures.

U.S. equities are mixed to lower at midday in North America. PMI data out today were mixed. The peripheral European bond prices are ending higher.


Belgrade TD 17:01 GMT March 5, 2014
Kidnapped!

and youtube

conversation

Belgrade TD 16:58 GMT March 5, 2014
Kidnapped!

also ... In a telephone conversation between the EU High Representative for Foreign Affairs and Security Policy Catherine Ashton and the Estonian Foreign Minister Urmas Pita, Pitt says there are strong indications that behind the sniper attacks was people who led protests in Kiev.

"I think we want to explore ... I mean, I've never heard that, that's interesting. ... God," Ashton said.

Pit also recounted a conversation with doctor who helped the wounded from the square Maydan, which said that the protesters and the police fired from the same sniper.

Estonian minister, meanwhile, confirmed that his conversation with Ashton is authentic.

On the other hand, the spokesperson of Catherine Ashton, Michael Mann, said the British Channel 4 that "does not want to comment on the alleged telephone conversation."
###
rough translation ...

GVI Forex 16:48 GMT March 5, 2014
Kidnapped!

Reports now that the envoy was threatened but not kidnapped

GVI Forex 16:29 GMT March 5, 2014
Kidnapped!
Reply   
Reports that a UN envoy in Crimea has been kidnapped

GVI Forex Blog 16:27 GMT March 5, 2014
Global Markets News
Reply   
FX trading was choppy overnight, with EUR/USD bouncing around between 1.3710 and 1.3745. As of writing the pair is around the higher side of this tight range. FX traders are waiting for tomorrow's ECB decision before committing to any big moves

TradeTheNews.com US Market Update: Diplomats Negotiate Ukraine Monitoring Mission, February ADP Misses the Mark

GVI Forex Blog 16:20 GMT March 5, 2014 Reply   
March 5, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Thursday, March 6. Updated: Trading Events Calendar HIGH IMPACT RELEASES: AU- Trade, DE- Factory Orders, GB- Bank of England, European Central Bank, US- Productivity, Weekly Jobless, Factory Orders, Natural Gas, CA- Ivey PMI

GVI Forex Data Outlook for February 6, 2014

GVI Forex john 16:18 GMT March 5, 2014
Calendar -- Daily Forex Data
Reply   


March 5, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Thursday, March 6. Updated: Trading Events Calendar

HIGH IMPACT RELEASES: AU- Trade, DE- Factory Orders, GB- Bank of England, European Central Bank, US- Productivity, Weekly Jobless, Factory Orders, Natural Gas, CA- Ivey PMI

  • Far East: AU- Trade.
  • Europe: DE- Factory Orders, GB- Bank of England, European Central Bank.
  • North America: US- Productivity, Weekly Jobless, Factory Orders, Natural Gas, CA- Ivey PMI.


GVI Forex john 16:04 GMT March 5, 2014
February 2014 ISM Services PMI



Granted the two series are not comparable in terms of scale, but they do tend to go up and down in tandem. The Employment Services sub-component looks suddenly very weak.


Services Employment PMI vs. NFP. Not sure what to make of this. Looks lousy?

HK [email protected] 15:51 GMT March 5, 2014
Not exactly, but close to. Some bounce indeed.
Reply   

USD/CHF
HK [email protected] 07:16 GMT 03/05/2014


Faces though Res. at 0.8918.

Sell USD/CHF for a bounce at that level.

If 0.8918 can't be breached, chance for 0.87 Ret. should not be excluded.

GVI Forex john 15:30 GMT March 5, 2014
US EIA Weekly Inventories
Reply   



ALERT
Crude Oil: +1.430 vs. +1.000 exp vs. +0.068 prev.
Gasoline: -1.600 vs. -1.200 exp vs. -2.800 prev.
Distillates: +1.400 vs. -1.000 exp vs. +0.340 prev.
Cap/Util: 87.4% vs. 87.30% exp vs. 86.80% prev.

TTN: Live News Special Offer

height="30">

GVI Forex john 15:22 GMT March 5, 2014
February 2014 ISM Services PMI

I don't see anything good in the Service PMIs both Markit and ISM PMIs are pointed down. If the ISM employment sub-index (47.5 vs. 56.4) is predictive of NFP, we should see a lousy number on Friday?

Mtl JP 15:22 GMT March 5, 2014
February 2014 ISM Services PMI

a "New trend developing?" only if one believed that the economy was "recovering"

GVI Forex john 15:14 GMT March 5, 2014
February 2014 ISM Services PMI



ISM Services PMI. Weaker than expected. New trend developing?

nw kw 15:11 GMT March 5, 2014
Feb 5, 2014 Bank of Canada Policy Decision

what's he smoking this week cad= gas is up so on

GVI Forex john 15:08 GMT March 5, 2014
Feb 5, 2014 Bank of Canada Policy Decision

Ottawa - The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.

Both total CPI and core inflation in Canada are still expected to follow roughly the path outlined in the January Monetary Policy Report, although recent readings were slightly higher than expected. Excess supply in the economy and competition in the retail sector will likely keep inflation well below the 2 per cent target this year. more...

Bank of Canada maintains overnight rate target at 1 per cent

GVI Forex john 15:01 GMT March 5, 2014
Feb 5, 2014 Bank of Canada Policy Decision
Reply   




ALERT
Policy Unchanged (1.00%)


TTN: Live News Special Offer


Direct links to primary data sources

GVI Forex john 15:00 GMT March 5, 2014
February 2014 ISM Services PMI
Reply   



ALERT
51.6 vs. 53.5 exp. vs. 54.0 prev.
Employment sub-component
47.5 vs. n/a exp. vs. 56.4prev.


TTN: Live News Special Offer


Direct links to primary data sources

Cambridge Joe 14:56 GMT March 5, 2014
Update

Sorry about the Oil. ....

Cambridge Joe 14:43 GMT March 5, 2014
Update

Anticipating.... eurjpy toppish here, for today at least.

Oil base in, up it is.

** IMO. GL

Memphis Charles 14:26 GMT March 5, 2014
February 2014 ADP Private Jobs Survey

Don't paint yourself into a corner:

http://www.efxnews.com/story/23166/usd-macro-forecasts-why-betting-multi-year-rally-morgan-stanley

bali sja 14:23 GMT March 5, 2014
jpy pairs
Reply   
in light of equities keep going up and Dow to 17k, jpy pairs still have significant upside IMO

Mtl JP 14:22 GMT March 5, 2014
Update

yesty, Sergei Glazyev - Putin's economic advisor said "We would find a way not just to reduce our dependency on the United States to zero but to emerge from those sanctions with great benefits for ourselves," ... "An attempt to announce sanctions would end in a crash for the financial system of the United States, which would cause the end of the domination of the United States in the global financial system"
-
Bottom Line Q:
is that too radical to contemplate - and if not ... what is Putin waiting for ?
-
current euro support at 1.3695

GVI Forex john 14:03 GMT March 5, 2014
February 2014 U.S. Markit final Services PMI



U.S. final Markit Service PMI revised higher.


GVI Forex john 13:58 GMT March 5, 2014
February 2014 U.S. Markit final Services PMI
Reply   



ALERT
53.3 vs. 52.7 exp. vs. 52.7 (flash)


TTN: Live News Special Offer


Direct links to primary data sources

GVI Forex john 13:40 GMT March 5, 2014
February 2014 ADP Private Jobs Survey

Of course they are blaming the weather again for the data. This explanation will carry on through for data released into April. So all the bad economic data from the U.S. will get a pass for another couple of months.

GVI Forex john 13:34 GMT March 5, 2014
February 2014 ADP Private Jobs Survey

Refresh page manually to correct ADP Chart

Mtl JP 13:33 GMT March 5, 2014
February 2014 ADP Private Jobs Survey

10-yr 2.70%

jkt abel 13:24 GMT March 5, 2014
EURO 1.3970 on the Menu in few days.

only 1.3970? 1.42 is more likely after 1.3850

GVI Forex john 13:24 GMT March 5, 2014
February 2014 ADP Private Jobs Survey

Monthly jobs U.S.


ADP data (after January revision) weaker than forecast.






Click on chart for more than 10-yr history





Direct links to primary data sources

GVI Forex john 13:17 GMT March 5, 2014
February 2014 ADP Private Jobs Survey

February roughly in line with estimates, January data revised lower. EURUSD up slightly.

GVI Forex john 13:15 GMT March 5, 2014
February 2014 ADP Private Jobs Survey




ALERT
+139K vs. +155K exp. vs. +175K (r 127K) prev.


TTN: Live News Special Offer


Direct links to primary data sources

nw kw 13:03 GMT March 5, 2014
February 2014 GB Services PMI

GBP/JPY continues to engage in sideway trading in range below 171.88 and intraday bias remains neutral. On the upside, ,above 171.88 will extend the rebound from 163.87 and should target 173.65/174.84 resistance zone

GVI Forex john 12:54 GMT March 5, 2014
February 2014 ADP Private Jobs Survey
Reply   

HEADS-UP: Data (forum top)
EURUSD= 1.3731
GBPUSD= 1.6715
USDJPY= 102.46

US 10-yr= 2.71%
DE 10-yr= 1.62%
GB 10-yr= 2.72%
(Manually refresh forum to update Calendar)

Direct links to primary data sources

Mtl JP 12:34 GMT March 5, 2014
Auntie will pay.

No fiat (paper ccy backed by nothing other than bayonets) has value as commodities.

GVI Forex Jay Meisler 12:31 GMT March 5, 2014
Will USDJPY weaken of firm in March?
Reply   
Read my monthly newsletter on USDJPY Japanese fiscal year end tendency - has implications for eurjpy as well

Monthly Newsletter

nw kw 12:18 GMT March 5, 2014
February 2014 GB Services PMI

xgbp strength,xjpy week long hear g/y

HK [email protected] 11:46 GMT March 5, 2014
Auntie will pay.
Reply   


Top official says EU to provide Ukraine $15 billion aid package in loans and grants - @AP

GVI Forex Blog 11:08 GMT March 5, 2014
Global Markets News
Reply   
EUR/USD pair was steady and approx. 150 pips below the pivotal 6-year downtrend line at 1.3890. Market participants believed that the Euro should stay under selling pressure ahead of tomorrow's ECB meeting. The focus will be on the staff projections

TradeTheNews.com EU Market Update: Major European PMI Services beat; China confident on 7.5% growth in 2014

tokyo ginko 11:02 GMT March 5, 2014
good morning from tokyo

"profit is always a profit" but I am holding

GVI Forex Blog 10:12 GMT March 5, 2014
Bank of Canada Policy Decision and ADP Data awaited. European PMIs Mixed
Reply   
HIGH IMPACT ITEMS: GDP, US- ADP Jobs, final Markit PMI, ISM Service PMI, Weekly Crude, Beige Book, Bank of Canada

PMI Service data from Europe today generally has been mixed. Eurozone January retail sales were stronger than expected while GDP was unrevised. U.S. Service readings are due later in the day. Also the ADP Private Jobs report is scheduled for the open. These data always shape expectations foe the Non-Farm Payroll Data on Friday.

Bank of Canada Policy Decision and ADP Data awaited. European PMIs Mixed

GVI Forex john 10:08 GMT March 5, 2014
January 2014 Eurozone Real Retail Sales

Eurozone retail sales much stronger than expected while GDP was unchanged.

GVI Forex john 10:06 GMT March 5, 2014
Eurozone GDP 4Q13



EZ revised 4Q13 GDP. Data unchanged..


GVI Forex john 10:03 GMT March 5, 2014
January 2014 Eurozone Real Retail Sales
Reply   




ALERT
mm:+1.60% vs. +0.30% exp. vs. -1.60% (r -1.30%) prev.
yy: +1.30% vs. -0.40% exp. vs. -1.00% (r -0.40%) prev.


TTN: Live News Special Offer


Direct links to primary data sources

GVI Forex john 10:00 GMT March 5, 2014
Eurozone GDP 4Q13
Reply   




ALERT
qq: +0.30 vs. +0.30% exp. vs. +0.30% prev.
yy: +0.50% vs. +0.50% exp. vs. +0.50% prev.


TTN: Live News Special Offer


target="_blank">Eurozone GDP Data


Direct links to primary data sources

GVI Forex john 09:44 GMT March 5, 2014
Fixed Income Snapshot
Reply   
Early in European trading hours, financial markets continue to signal that pressure over Ukraine continues to ease. Prices in prime fixed income markets are modestly lower again as the flight to safety bid eases.

European equities are mixed. Far East equities ended mostly higher. U.s. S&P futures are steady at this hour. The peripheral European bond prices are up. Forex markets are mostly higher.

london red 09:34 GMT March 5, 2014
February 2014 GB Services PMI

uk pmi slightly above estimates and although 3rd consecutive fall, still at very high levels. emp at 12 month high from what i can see.
still, cable should be capped by 16720(50) today

GVI Forex john 09:32 GMT March 5, 2014
February 2014 GB Services PMI



U.K. February Services PMI falls modestly.

GVI Forex john 09:28 GMT March 5, 2014
February 2014 GB Services PMI
Reply   




-- ALERT --

58.2 vs. 58.0 exp. vs. 58.3 prev.



TTN: Live News Special Offer


Direct links to primary data sources

bali sja 09:23 GMT March 5, 2014
February 2014 EZ Final Services PMI

it takes a while for the whole europe to realise that this is a grand plan of Germany to rule them all, ultra modern slavery ;)

GVI Forex john 09:10 GMT March 5, 2014
February 2014 EZ Final Services PMI



EZ, German and French final Services PMI. France revised down and Germany up...

GVI Forex john 09:09 GMT March 5, 2014
February 2014 EZ Final Services PMI



EZ, final Services PMI revised slightly lower.



Kam JCS 09:07 GMT March 5, 2014
good morning from tokyo

not sure what to do now hold or unload

eu pat 09:07 GMT March 5, 2014
where is EUR and wheres NZD

If they will broke support, it show us, that definitely eur made top and commodities currency will rise , carry trade too.
If EU dat will be better (i think so)
If Draghi will be not dovish too much (i think so)
If NFP wil be worse (I thing so)
If Ukraine will be ok (I am sure))
Then my trade will bring a profit.
Too many if)))

GVI Forex john 09:00 GMT March 5, 2014
February 2014 EZ Final Services PMI
Reply   




ALERT
Svc: 52.6 vs. 51.7 exp. vs. 51.7 (flash)
France: 47.2 vs. 46.9 exp. vs. 46.9 (flash)
Germany: 55.9 vs. 55.4 exp. vs. 55.4 (flash)



TTN: Live News Special Offer

Direct links to primary data sources

Kam JCS 08:59 GMT March 5, 2014
good morning from tokyo

yes

eu pat 08:58 GMT March 5, 2014
where is EUR and wheres NZD
Reply   
EUR/NZD is at the crossing now ( 1.6320/30)..
I wrote here about a lot of signals (false?) short NZD
long looks good with tight sl

bali sja 08:29 GMT March 5, 2014
USD/CHF

[email protected], you mean we go down straight from here first?

HK [email protected] 08:23 GMT March 5, 2014
Update



Seems the only ones on high fighting spirit are the Ukrainians with their dilapidated military hardware.

And of course the weapon manufacturers.



HK [email protected] 08:18 GMT March 5, 2014
USD/CHF



bali sja

Not sure the Mkt. will let you have this price.

bali sja 08:16 GMT March 5, 2014
Update

Syd sf, Russia will win this, Russia has nothing to lose against EU. EU's energy needs will stop them from getting too aggresive with Russia. They will just sit down and talk nicely with Russia in the end, all for Obama to see and bite his fingers.

tokyo ginko 08:15 GMT March 5, 2014
good morning from tokyo

took off, did u load?

Syd Sf 07:54 GMT March 5, 2014
Update
Reply   
Sanctions against Russia will be voted tomorrow.

Many say this is a storm in a teacup because most European countries buy energy from Russia.

Hong Kong AceTrader 07:28 GMT March 5, 2014
AceTrader Mar 5: Intra-Day Market Moving News and Views
Reply   
Intra-Day Market Moving News and Views
05 Mar 2014 06:44GMT

EUR/USD - 1.3730... Euro remained under pressure after meeting renewed selling at 1.3743 at Asian open and price edged lower to 1.3727 ahead of European open in part due to cross-selling in euro, near yesterday's NY low at 1.3726.

Expected sideways trading until the release of a slew of services PMI from (France, Italy, Germany and EU) in European morning. Offers are noted at 1.3745/50 and then 1.3765/70 with stops placed just above 1.3790, whilst bids from various accounts are touted at 1.3700 and further out at 1.3685/80 with stops emerging below 1.3650.

bali sja 07:20 GMT March 5, 2014
USD/CHF

[email protected], agree with your level, what i see is from there to 0.85-0.86

HK [email protected] 07:16 GMT March 5, 2014
USD/CHF
Reply   


Faces though Res. at 0.8918.

Sell USD/CHF for a bounce at that level.

If 0.8918 can't be breached, chance for 0.87 Ret. should not be excluded.

GVI Forex Blog 06:36 GMT March 5, 2014 Reply   
- (CN) CHINA FEB HSBC/MARKIT SERVICES PMI: 51.0 V 50.7 PRIOR (25th straight month of expansion) >- (AU) AUSTRALIA Q4 GDP Q/Q: 0.8% V 0.7%E (7th quarter high); Y/Y: 2.8% (1-year high) V 2.5%E - (AU) AU

TradeTheNews.com Asian Market Update: China NPC maintains 7.5% GDP target for 2014 - Source TradeTheNews.com

nw kw 06:04 GMT March 5, 2014
sell usd

cad/jpy trend line resistance might run down

Kam JCS 06:00 GMT March 5, 2014
sell usd

no change for sure

Kam JCS 05:55 GMT March 5, 2014
good morning from tokyo

agree

nw kw 05:52 GMT March 5, 2014
sell usd

cad swiss than revers for
CAD Bank of Canada Rate Decision (MAR 5)

nw kw 05:50 GMT March 5, 2014
sell usd

xswiss up so eur/chf sloped out or swiss pairs week

tokyo ginko 05:50 GMT March 5, 2014
good morning from tokyo

nothing is 100%.
but i have my money where my mouth is.
GT to you!

Kam JCS 05:48 GMT March 5, 2014
good morning from tokyo

how sure are you on this move?

nw kw 05:42 GMT March 5, 2014
sell usd

if chf/jpy holds bat it up its on 115.16 e/y trust up its out of its trap moves slam it

Syd sf 04:59 GMT March 5, 2014
sell usd

turned on my bots and going to walk the dog ... Asia was the slowest session I can remember in some time.

the Aud data - people were negative on this after the fact - saying it represents the peak of things ... with U/E drifting up and Capital Spending Down and China undershooting .. it basically went back to where it started.

as far as China goes one guy was saying - look China's growth is going to be 4% and they will come with a Stimulus Package to get it up to 7.5%

bali sja 04:34 GMT March 5, 2014
sell usd
Reply   
this sounds like a broken record but Dow is eyeing 17k while usd is going down the drain IMO

GVI Forex Blog 03:50 GMT March 5, 2014 Reply   
All the global markets rallied hard as the threat of a war in Ukraine

Morning Briefing : 05-Mar-2014 -0349 GMT

tokyo ginko 03:07 GMT March 5, 2014
good morning from tokyo

sat thru to low of 100.98 this round
pay back time to 103.80...!
for those of u who want a free ride...here it is...!

nw kw 03:03 GMT March 5, 2014
China

Li, China's first premier with an economics doctorate, has vowed to push painful changes "like a warrior cutting his wrist", but signs of fragility in the economy suggest reforms will be cautious and gradual.

7.5 but jpy bashing and more

http://www.reuters.com/article/2014/03/05/us-china-parliament-idUSBREA2320S20140305?feedType=RSS&feedName=businessNews

GVI Forex 02:13 GMT March 5, 2014
China

CHINA HSBC FEB SERVICE PMI 51.0 VS 50.7

Hong Kong AceTrader 01:40 GMT March 5, 2014
AceTrader Mar 5: Yen weakens broadly on Tuesday as Ukraine-Russia tensions ease
Reply   
Market Review - 04/03/2014 21:17GMT

Yen weakens broadly on Tuesday as Ukraine-Russia tensions ease

The Japanese yen fell broadly against other major currencies on Tuesday on improved risk appetite after Russian President Vladimir Putin indicated that the use of force in Ukraine would be a last resort and ordered troops engaged in military exercises close to Ukraine's borders to return to base, however, market sentiment remained fragile, with Russian forces still maintaining a military presence in Ukraine's Crimea region.

During the day, despite euro's initial fall below Monday's low at 1.3726 to 1.3718 in Asia on Tuesday, short-covering limited intra-day losses there and price later rebounded to 1.3774 in European morning on improved risk appetite. The single currency then climbed higher to 1.3782 in New York morning, helped by active cross-buying of euro versus yen and Swiss franc before retreating to 1.3726. Eur/jpy and eur/chf crosses rose from 139.28 to 140.53 and from 1.2126 to 1.2187 respectively.

U.S. dollar moved higher against the Japanese yen on Tuesday on active cross-selling in yen as concerns over the crisis in Ukraine eased. Price rose from Asian low at 101.20 to 101.95 in European morning and then further to 102.29 in late New York.

In other news, BOJ Kuroda said 'foreign investors haven't become downbeat on Japan cos; change in expectations helping to boost demand for funds; exit strategy from QE is extremely important; too early to discuss QE exit now; will act appropriately when exiting QE.'

Cable rose in tandem with euro on improved risk appetite and price rallied from Asian low at 1.6640 to 1.6717 in European morning and then retreated to 1.6670 after data showed that activity in the U.K. construction sector slowed in February. Later, cable climbed back to 1.6705 in New York morning and then chopped inside 1.6640-1.6717 for rest of the session.

Markit U.K. construction purchasing managers' index fell to 62.6 in February from a reading of 64.6 in January, the highest level since August 2007. Market had expected the index to fall to 63.2 last month. The report said heavy rain and flooding in parts of the country had contributed to softer construction output growth in February, especially in house building.

In commodity currency, the Australian dollar fluctuated wildly after the central bank held its cash rate at a record low 2.5% as expected and indicated a continued stable outlook and the need for a weaker currency to help rebalance the economy. Aussie fell from 0.8970 to 0.8909 in Asia and then climbed back to 0.8967 in European morning before trading sideways.

RBA left its cash rate unchanged at 2.50% and said 'Prudent course is for stable rates; monetary policy appropriate to foster growth; inflation seen consistent with target band; signs of improvement in non-resources investment plans only tentative; labor demand remains weak; fall in A$ to date will help growth; wages growth down noticeably; A$ remains high by historical standards; unemployment to rise further before it peaks; monetary policy remains accommodating.'

In other news, Canadian Prime Minister Stephen Harper said on Tuesday that the Group of Seven leading industrialized nations are discussing whether to hold a meeting in the near future, a move that would pointedly exclude Russia.

Data to be release on Wednesday:

Australia GDP, China HSBC services PMI, UK BRC shop price index, Italy services PMI, France services PMI, Germany services PMI, EU services PMI, GDP, U.S. ADP employment, ISM non-manufacturing and Canada BoC rate decision.

nw kw 01:04 GMT March 5, 2014
China

open interest moved to china in all x charts new king fish now

nw kw 00:53 GMT March 5, 2014
China

copper up and aud happy so good lifers so Fars live for now,week usd/hkd for support or exports/// fx wars

Syd sf 00:12 GMT March 5, 2014
China
Reply   
all types of stuff out of China

7.5% Growth Target

people are worried because their actions to restrict credit and property moves .. make it likely to undershoot.

jkt abel 00:12 GMT March 5, 2014
USDX

agree Joe, usd will stay defensive against gbp, 4hr chart at least say so IMO

 




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