User Name: Password:      Register - Lost password?

2003  2004  2005  2006  2007  2008  2009  2010  2011  2012  2013  2014  2015  2016  2017  2018  2019  2020  2021  
January  February  March  April  May  June  July  August  September  October  November  December  
01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31

Forex Forum Archive for 03/06/2014

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


Syd sf 23:49 GMT March 6, 2014
Friday - Asia/NYC

just shows you about people who don't trade themselves.

Guy from Saxo Bank was on CNBC - they say what do you think about the number today ..

he goes well if it comes back out better than expected eurusd will be back under 1.3800

so then they say well what position would you take then --> he goes well I'd sell eurusd above 1.4000 and aud at .9300

wtf ? sort of view is this -- it could go down but I'd prefer to sell 200 points away ... lol.

Syd sf 23:35 GMT March 6, 2014
Friday - Asia/NYC

not that it matters:

but Obama just got off the phone with Putin - after an hour - urging him to seek a Diplomatic Solution.

Syd sf 23:16 GMT March 6, 2014
Friday - Asia/NYC
Reply   
just looking at the market - you kind of get the feeling that those long USD - are betting on this 1.3895 and NFP bailing them out.

otherwise its going to be pure capitulation.

$yen seems to be just looking at the pivot points on the Hourly Chart - so have lost all interest in this one.

Aud - I think this one surprised most this last 2 days - despite all kinds of bearish views / thoughts and notes we made a new high overnight.

Mtl JP 22:41 GMT March 6, 2014
Calendar -- Daily Forex Data

fwiw and w/all other caveats zh reports that "High-Probability Of Russian Assault Overnight, Ukraine Pravda Says"

Mtl JP 22:18 GMT March 6, 2014
Calendar -- Daily Forex Data

BNP Paribas and Bank of America Suspend Forex Traders - wsj
So Far, Major Banks Have Suspended or Fired More Than 20 Traders
-
"Major Banks" - why can't we get names of the people doing the suspending and on whose orders - suspending traders is a smokescreen

nw kw 21:56 GMT March 6, 2014
Calendar -- Daily Forex Data

CAD Ivey Purchasing Managers Index s.a. (FEB)
Medium
57.2
cad nfp
this be kicker the weekly c/jpy in play as the rest u/c

GVI Forex john 21:41 GMT March 6, 2014
Calendar -- Daily Forex Data
Reply   


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

HIGH IMPACT RELEASES: CA/US- Trade, Employment

  • Far East: JP- Leadng Indicator.
  • Europe: DE- Industrial Output.
  • North America: CA/US- Trade, Employment, COT Report.


dc CB 21:27 GMT March 6, 2014
RadiShack is closing:(

Staples annced today -- will close 222 stores by 2015

Mtl JP 21:20 GMT March 6, 2014
Calendar Item

just like learning the twist of a screw:
lefty loosie - righty tighty

in NA clock falls back in the fall and springs forward in the spring

GVI Forex john 20:50 GMT March 6, 2014
RadiShack is closing:(

With lots of infrastructure already in place, old strip malls could be converted into housing if a little creativity is used. Old factory lofts in NYC now sell for a fortune.

GVI Forex john 20:41 GMT March 6, 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.

Cambridge Joe 20:26 GMT March 6, 2014
RadiShack is closing:(

GVI Forex john 19:01 GMT 03/06/2014 - My Profile
JP- Good idea.

....Seems like a lot of retail space is going to be opening up. Other question is who is going to be moving in? That is not obvious to me......

John.......... once again the UK can lead the way.

The 'Down-town Ghost town' becomes a Mecca for everything a pound shops or mostly charity shops.......... these are ideal for former retail workers now eking out an existence and of course they have the advantage of knowing where these shops are, because they used to work in them.

I blame Amazon, but buy most stuff on-line. ....

GVI Forex Blog 20:16 GMT March 6, 2014
AUD and NZD
Reply   
The ECB disappointed the market, boosting the EUR. It kept its policy rate on hold at 0.25% and did not announce any new liquidity measures, rather its growth and inflation forecasts were raised. EUR rose 1% in response, the US dollar weakened, and this combined with a mild risk-seeking atmosphere helped AUD and NZD further overnight. The S&P500 is currently up 0.2%.

Australia & NZ Morning Thoughts

GVI Forex john 20:03 GMT March 6, 2014
Chart Points -- Trading Points
Reply   
Pre-Closing Trading Points...
many more chart points
About Moving Averages
About Bollinger Bands


GVI Forex john 19:46 GMT March 6, 2014
Calendar Item
Reply   
Note: North American Clocks move ahead one hour (Summer Time??) on Sunday. That means the time gap between NY and London will shrink to 4 hours from 5 until European clocks change on March 30. Hopefully it will get warmer here. We'd settle for seasonal temperatures.

GVI Forex Blog 19:37 GMT March 6, 2014
U.S. Jobs Friday. ECB Steady. Bank of England Unchanged
Reply   
HIGH IMPACT ITEMS: CA/US- Trade, Employment

Traders are now setting up for February U.S. employment data on Friday. Jobs growth is expected to have been restrained by severe winter weather in the month. So in a sense the USD could be getting a pass on these data. Better than expected jobs growth would be the major surprise.

U.S. Jobs Friday. ECB Steady. Bank of England Unchanged

GVI Forex john 19:01 GMT March 6, 2014
RadiShack is closing:(

JP- Good idea. Apparently Staples announced today it is closing a bunch of stores also. Seems like a lot of retail space is going to be opening up. Other question is who is going to be moving in? That is not obious to me.

Tallinn viies 18:56 GMT March 6, 2014
eurusd
Reply   
if euro close comes over 1.3825 then I will reverse my short euro back to long.

jkt abel 18:17 GMT March 6, 2014
US Germant spread

ashraf laidi has been impressive with his calls to go anti usd this year, long euro, gbp, kiwi and aud and recently in fact just yesterday eurjpy long entry at 140.20-30 scores easily today

maybe GV can somehow get him a column here with his analysis, pretty good i must say

Mtl JP 18:13 GMT March 6, 2014
RadiShack is closing:(

the bigger theme from such headlines as Radio Shack / Costco (whose shares dropped nearly 3% on crappy sales) and a load of other brick'n mortuary retailers is to sniff out commercial real-estate developers to short and thank such retail paradime shifters as e-Bay and Amazon

jkt abel 18:11 GMT March 6, 2014
US Germant spread

*it seems forbidden to say...

jkt abel 18:10 GMT March 6, 2014
US Germant spread

why it seems to say the word "collapse" in association with the usd? it is a collapsible currency and i can boldly say it is collapsing this year instead of year of the dollar!

Mtl JP 17:48 GMT March 6, 2014
Trade

expensive day in Depends:

Obama imposes sanctions on some Russians over Ukraine USA Today

HK [email protected] 17:40 GMT March 6, 2014
RadiShack is closing:(



Now I can take a peaceful sleep.

GVI Forex john 17:36 GMT March 6, 2014
RadiShack is closing:(

RF- Last I heard is that Radio Shack is only closing about 20% of its stores in the U.S. No idea about elsewhere?

eu pat 17:34 GMT March 6, 2014
eur/nzd
Reply   
there is head and shoulders pattern at eur/nzd (see chart I posted earlier)...so my sl will be in attack))


short eur/aud is better choice and working welll for now...

eu pat 17:18 GMT March 6, 2014
my view
Reply   
Aud will be the strongest, then NZD, EUR down, GBP more.. next weeks ( only central banks can stop it)


JPY stronger or flat
so eur,gbp /jpy down
aud,nzd/jpy flat or slightly up
aud/nzd up
eur,gbp/usd down
usd/ jpy down
aud,nzd/usd slightly up
eur, gbp/aud, nzd down
after NFP we will see))

HK [email protected] 17:18 GMT March 6, 2014
RadiShack is closing:(
Reply   




Sad!!!

I was planning to buy some alternating resistors, capacitors and
potentiometer.
Add also some tubes and switches.

And now I read that RadioShackis closing

How will I be able to repair my old amplifier now?

Singapore SGFXTrader 17:13 GMT March 6, 2014
Unstoppable Bull Run

Keep buying Aud, Gbp and Eur. The bull has killed the bear.
Keep charging. Never look back.

Mtl JP 17:03 GMT March 6, 2014
Trade

yak-i-ti yak... Mario Draghi warns Russian economy faces 'severe' growth hit from Ukraine crisis - business live guardian
-
in the meantime Gold hits 1350...

Singapore SGFXTrader 17:03 GMT March 6, 2014
Unstoppable Bull Run
Reply   
Long every audjpy, gbpjpy, eurjpy.

The bull is unstoppable. 15 continuous green 4-hour candle for Audjpy. 60 hours. Impressive record!

eu pat 16:57 GMT March 6, 2014
where is EUR and wheres NZD



so now my level is broken support and again tested as resistance...will it hold?))
I selling this time
-NFP will be worse, but commodites currency will not care about it..
-Money go to gold, and its currencies (from Rusiaa and China?)

I can be wrong before NFP and after Draghi again...but I have a tight sl)))

GVI Forex john 16:56 GMT March 6, 2014
Fixed Income Snapshot

Late in European trade, fixed income markets are trading weaker following no change in policies by the European Central Bank today. European equities are ending higher. Worries about Ukraine continue to abate. U.S. equities are higher at midday in North America.

The focus is now on U.S. payroll data due on Friday. The peripheral European bond prices are ending higher.


Mtl JP 16:51 GMT March 6, 2014
NFP tomorrow. The PIZZZA domino effect.

lucky I was wearing my Depends before reading this "analysis" on marketwatch

Did RadioShack run out of things to sell?
The store’s offerings can’t keep up with the times, analysts say

eu pat 16:48 GMT March 6, 2014
where is EUR and wheres NZD

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
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)))


I tought that they will hold price about level 1,6320/30 before Draghi.

- EU datas were good yesterday and today
- Draghi was not too dovish
- Ukraine is ok for now ( in the future ther will be a lot of tensions)
but support did not hold ...I was out -30 pips at sl))

HK [email protected] 16:46 GMT March 6, 2014
NFP tomorrow. The PIZZZA domino effect.
Reply   

NFP?

Not very promising the least to say.

Forget about a drop in factory orders, but S'barro filing for bankruptcy?

Yes the PIZZZA, I am worried about it... what will the collapse of the piZZZa chain will cause.
Less pizza bakers, servers, pizza slicers, pizza decorators, and of course less delivery boys.
Bad news for America:)

GVI Forex Blog 16:28 GMT March 6, 2014 Reply   
March 6, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, March 7. Updated: Trading Events Calendar HIGH IMPACT RELEASES: CA/US- Trade, Employment

GVI Forex Data Outlook for March 7, 2014

nw kw 16:27 GMT March 6, 2014
Your Best Trade Today

nh - report hat tek flat?

GVI Forex john 16:26 GMT March 6, 2014
Calendar -- Daily Forex Data
Reply   


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

HIGH IMPACT RELEASES: CA/US- Trade, Employment

  • Far East: JP- Leadng Indicator.
  • Europe: DE- Industrial Output.
  • North America: CA/US- Trade, Employment, COT Report.


nw kw 16:21 GMT March 6, 2014
Your Best Trade Today

absolutely disagree only work was in construction it cant support NFP

london red 16:21 GMT March 6, 2014
eurusd

bar any surprises, the high just printed should mark the high for day. we should get a retracement to 1.3810/15 before the nfp tomorrow, possibly around london am. s&p is at top weekly bollinger, would expect some profit taking ahead of the nfp. not often we go in at hod/w.

GVI Forex john 16:20 GMT March 6, 2014
Your Best Trade Today

JP- Im guessing that is why EURUSD is at 1.3845 now.

Mtl JP 16:18 GMT March 6, 2014
Your Best Trade Today

you could also ass-u-me that a weak(er) NFP has been front-run already

Belgrade TD 16:16 GMT March 6, 2014
Your Best Trade Today

"... weak data will be dismissed as weather-related and even a decent number could be seen as positive because of the weather effects. In other words, it should be a win-win situation for the USD. "
***
great point ... absolutely agree

Paris ib 16:15 GMT March 6, 2014
The New Paradigm is BUNK
Reply   
The consensus seems to be that rising U.S. yields will see a rush of foreign capital into the U.S. which will be positive for the USD. The data shows that capital is exiting the U.S. - specifically the U.S. bond market. The international capital flows we are seeing are USD negative. And they will be negative for the U.S. economy going forward.

That's it from me. End of discussion.

GVI Forex john 16:13 GMT March 6, 2014
Your Best Trade Today
Reply   
Sorry a little behind all day. Frankly I was a little surprised that many had been expecting an easing from the ECB today. As I pointed out in my morning commentaries this week, flash February HICP had increased to 0.80% yr/yr from a final 0.70% reading in January plus core flash HICP was 1.00% yr/yr. Also, German data recently has been mixed to positive in the past month.

Putting myself in the shoes of the ECB, based on the comments of Draghi at the most recent meetings, there was no compelling reason to ease. Draghi has said repeatedly that the ECB has no fear of deflation in the EZ in the medium term. His message consistently seems to be that the low level of EZ inflation is not a concern.

So the market seems finally to have gotten the message today that policy easing is not on the agenda of the ECB unless unexpectedly the economy starts to weaken sharply. As a result the EURUSD has rallied. How far it goes, I don't know.

Traders are also setting up for a lousy U.S. jobs figure on Friday, if for no other reason than the weather. I think this is a dangerous trade because weak data will be dismissed as weather-related and even a decent number could be seen as positive because of the weather effects. In other words, it should be a win-win situation for the USD.


Comments Welcome!

bali sja 16:13 GMT March 6, 2014
eurusd

viies, why change if it ain't broken? all resistances are there to be broken, what appears as a very very strong one will turn out to be a soft butter tomorrow after NFP, 1.42 is coming next

Paris ib 16:11 GMT March 6, 2014
US Germant spread

I didn't say the USD is going to collapse. I don't understand this tendency to exaggeration. I just don't buy into the view that the U.S. economy is on the mend or that higher U.S. yields will see new capital inflows. I note that capital is leaving the U.S. and that U.S. yields are rising and, given the U.S.'s status as a debtor nation which relies on foreign capital inflows to fund its government and its excess consumption, that is not positive for the USD. 'Not positive' is quite some distance from collapse.

GVI Forex Jay Meisler 16:10 GMT March 6, 2014
US Germantspread

To put the market in perspective, EURUSD is +0.5% y-t-d

Tallinn viies 16:09 GMT March 6, 2014
eurusd
Reply   
turned my long euro position to short at 1,3853.
stop at 1,3903. last year high at 1,3894. should be very very strong resistance.
fwiw

bali sja 16:09 GMT March 6, 2014
US Germant spread

they are running out of tricks, if there is another crisis it would come from within US again just like the subprime mortgage

Livingston nh 16:09 GMT March 6, 2014
Now for NFP

ib - the great complexity in TRADE/FX is dollar/??? - Mexico, Canada, Japan? EU or UK? // economics not a science - it is a contextual series of studies in a given time -- analogy failure /// the Drachma was not a reserve currency and neither is its successor

My purpose has been to point out that to argue "saving" or "demise" is irrelevant

Belgrade TD 16:08 GMT March 6, 2014
Daily TA trade

Belgrade TD 20:27 GMT February 26, 2014
Short USD/CAD ~1,112- TP ~ 1,09 / SL ~1,12 ...
///
half out ~ 1.097 ... new stop ~1.103 / 4h close ...

Brussels short 16:07 GMT March 6, 2014
US German spread

I am just saying that it is difficult to state that Us yield are going up as they move along with yields in safer countries for the last 7 months

You may be right in explaining USD is going to collapse but so far nothing has happen .

nw kw 15:58 GMT March 6, 2014
US German spread

10y Germany yield vs USA 2y yield do you have that or trend in

Paris ib 15:56 GMT March 6, 2014
US German spread

Germany is not the point. Germany was a safe haven during the European crisis. Look at spreads between the U.S. and Portugal / Spain / Italy. What has happened to those as money left the U.S. and moved to higher yielding Europe? And what happened to the exchange rate? The U.S. did well on safe haven buying... that's over unless they can manufacture another crisis.

Paris ib 15:53 GMT March 6, 2014
Now for NFP

Livingston the USD is seeing selling pressure. OK? The U.S. runs an external deficit called a current account deficit. That deficit measures it's external funding requirement. If no money comes in or if we get a situation where foreign money starts to leave then the U.S. current account will move from a deficit to a surplus. At the same time the USD will fall and U.S. interest rates and yields will rise sharply. That's how it works. If the U.S. can engineer some kind of external crisis which sees capital flight into the U.S. the opposite will occur: the USD will rise, domestic yields and interest rates will fall and the economy will do better. I don't think that is going to happen. But you never know. We'll see. But the mechanisms I outlined are what actually happens as opposed to spurious supposed correlations which in any case only supposedly measure international capital flows.

Brussels short 15:51 GMT March 6, 2014
US Germant spread
Reply   
The spread 10y Germany vs USA was 100 bp last august and is 108 bp presently so there is no evidence of massive Tbonds selling
But this spread was 40 one year ago when EUR USD was around 1.36.....

Paris ib 15:47 GMT March 6, 2014
Now for NFP

What's happening to U.S. bond yields? They are rising and have been for a year or so now.

U.S. bond yields

Livingston nh 15:46 GMT March 6, 2014
Now for NFP

ib - we have been thru this but you say "save the dollar" - it's trade !! - US corps foreign ops are fine w/ the dollar decline - if the US doesn't run a trade deficit what do you think happens?? -- don't confuse money w/ currency

Paris ib 15:42 GMT March 6, 2014
Now for NFP

Livingston the data showed (did not allege) that China sold a lot of USD bonds in December. We will have to wait to see what subsequent data says. TIC data showed that there is an exit from the U.S. which has been going on for some months. U.S. yields fell in 2014 following the 7 percent swoon seen in stocks in January and February 2014 and now here we are. Weird geopolitical games and a continued move away from the USD as a reserve currency (see all the bilateral currency deals which are going on out there). Yields in the U.S. are higher across the curve (especially from 2 years and out) from a year ago, no question. A stock market swoon could see a fall in U.S. yields but that won't necessarily save the dollar.

Livingston nh 15:34 GMT March 6, 2014
Now for NFP

I'll just note that since the beginning of the year US 10 yr yield has been dropping from the time that China allegedly dumped treasuries - rising yields will support a rising USD

GVI Forex john 15:31 GMT March 6, 2014
WEEKLY- US Natural Gas (bcf)
Reply   



ALERT
-152 vs. -130 exp vs. -95 prev.

TTN: Live News Special Offer


Direct links to primary data sources

Paris ib 15:26 GMT March 6, 2014
Now for NFP

Rising yields can be a sign of economic distress, especially for a country with foreign creditors. Greece is a case in point. When the potential for default increased, yields sky rocketed. High yielding currencies were once assumed to be higher risk, and with good reason.

GVI Forex Jay Meisler 15:22 GMT March 6, 2014
Now for NFP

Higher short-term yields are supportive for a currency more than rising bond yields although JPY seems to also react to the latter (in addition to the correlation with stocks - you should read John's article on this)

Livingston nh 15:21 GMT March 6, 2014
PLAYERS
Reply   
Not all gamblers are good at every game - there are 3 basic types w/ subdivisions - horse race, poker and chance (roulette, craps) BUT the key to success is not to confuse the three (don't introduce extraneous issues) - understand the goal

FX = foreign exchange - that's the key phrase - the basis of it is trade (since forever) - back to barter // some folks trade charts, some folks wish to introduce extraneous politics, or economy, finance or whatever -- BUT the basis is FOREIGN TRADE // we have had three major events in FX - Nixon and Gold (JP's Fiat), the demise of the Cold War (globalization?) and the Rise of China --- what are you trading off and what is your trading time bubble?

Stox, commodities and FX all have confused players - Rich is better than lucky and lucky better than smart - each player can win as long as he understands the game and doesn't get confused

bali sja 15:18 GMT March 6, 2014
Now for NFP

thanks again Paris ib, Livingston nh i believe it was, kept preaching about buying usd due to rising yield but I guess you have put a nice counter argument there and it makes better sense than just blatantly buying usd just because rising yield.

bali sja 15:14 GMT March 6, 2014
This is how PIZZA is important in America!!!

shhh shhh [email protected] you are scaring all usd cheerleaders here, dont kill them all just yet, we still need them to provide us with stops to be triggered :) this week was boring but finally boredom got them out and stops triggered :)

GVI Forex john 15:07 GMT March 6, 2014
February 2014 Canada Ivey PMI (s.a.)



Canadian PMIs (Ivey and RBC-Markit). Both indices upticked modestly in February.


GVI Forex john 15:01 GMT March 6, 2014
January 2014 U.S. Factory Orders
Reply   



ALERT
-0.70% vs. -0.50% exp. vs. -1.50% (r -2.0%) prev.


TTN: Live News Special Offer



Direct links to primary data sources

GVI Forex john 15:00 GMT March 6, 2014
February 2014 Canada Ivey PMI (s.a.)
Reply   




ALERT
57.2 vs. n/a exp. vs. 56.8 prev.


TTN: Live News Special Offer


Direct links to primary data sources

Paris ib 14:59 GMT March 6, 2014
Now for NFP

bali sja 14:52 GMT 03/06/2014

No worries. The U.S. has a conundrum: how to pretend they don't need other people's money while hoping to attract bucket loads of it by talking up or even engineering crises in other parts of the world. It doesn't seem to be working.

Unfortunately a lot of people fall for the guff and assume there is bucket loads of money heading to the States despite some very unfortunate geopolitical moves by those geniuses in the CIA and the State department. It looks to me, and the data confirms it, that - if anything - the money is heading home (as quietly as possible so as not to create a rush for the exits).

It needs to be understood that if U.S. yields are rising that is a sign that there is SELLING pressure on the U.S. bond market. That is not a positive for the USD or the U.S. economy. That is the one fundamental fact that most people just do not get.

nw kw 14:56 GMT March 6, 2014
NFP? Doesn't matter anymore.

that will help eur in port us oil products the fed wins/ elation to

GVI Forex john 14:56 GMT March 6, 2014
Your Best Trade Today
Reply   
This is one of those days when a rising USDJPY clearly lifted the S&P. The two are back in synch now.

Mtl JP 14:54 GMT March 6, 2014
Trade
Reply   
Sell EURGBP
Entry: 8281 Target: low 82 and lower Stop: above 8285

[email protected] 14:43 au contraire, USA will do better without pizza peddlers

bali sja 14:52 GMT March 6, 2014
Now for NFP

exactly Paris ib, i love it how you say utterly clear and loud: more upside for euro, thanks!

even ashraf laidi's recent tweet quoted: @alaidi: still waiting for that ...year of the dollar
that sums it up really

we even had a call usd as buying of the decade, but what use is it for a decade if year 1 you are already out of business buying usd?

Paris ib 14:52 GMT March 6, 2014
Now for NFP

It will be interesting to see what happens to stocks when the market finally wakes up to the fact that tapering is here to stay. Then you get an interesting combination: weak economic conditions, tighter monetary policy (tapering), an absence of foreign capital inflows, higher bond yields and a weaker USD...... but perhaps we have to go through another couple of FOMC meetings before the market wakes up to what is actually happening.

NFP is infinitely LESS important than TIC data IMVHO.

TIC data

HK [email protected] 14:51 GMT March 6, 2014
This is how PIZZA is important in America!!!
Reply   


Oscars Pizza Delivery Man Gets $1,000 !!!!!!!!!!!!!!!!!!!!!

Oscars Pizza Delivery Man Gets $1,000

Paris ib 14:47 GMT March 6, 2014
Now for NFP
Reply   
Next up: NFP. The market assumes that NFP will determine FED policy (or at least QE tapering). The market is assuming the FED will turn on the QE tap again and that's driving the S and P further up - despite weak economic fundamentals. A lot of people were hoping the Europeans were going to do a Japan ie. start printing money (to save the USD, that's why there was all that noise about Europe going into deflation, which is rubbish). Europe is not going to start printing money which means that the EUR/USD has more upside and the weakness in the USD is WHY the FED can't turn the QE tap back on.

nw kw 14:44 GMT March 6, 2014
NFP? Doesn't matter anymore.

help = fed = gold/e/u 143.0 target

HK [email protected] 14:43 GMT March 6, 2014
THE END OF THE WORLD.
Reply   


After I read Sbarro will file for bankruptcy...

I knew it will happen.

USA can't survive without PIZZA!!!!!!!!!!!!!!!!

HK [email protected] 14:40 GMT March 6, 2014
NFP? Doesn't matter anymore.
Reply   


Even the best of NFP may not help the USD.

nw kw 14:38 GMT March 6, 2014
EURUSD

us was to cold to file ui clams

HK [email protected] 14:37 GMT March 6, 2014
FX Armageddon???
Reply   


This is a good example how fundamentals can takeover the FX market.

It is all a result of a POLITICAL MISTAKE(No names please).

Otherwise the game could go calm for long time more.

GVI Forex Jay Meisler 14:31 GMT March 6, 2014
EURUSD
Reply   
As posted on GVIForex

EURUSD
GVI Forex Jay Meisler 14:24 GMT 03/06/2014 - My Profile
Key bevels above 1.38

1.3825 (recent high)
1.3860 (top of monthly wedge)
1.3890 (key 2013 high)

bali sja 14:30 GMT March 6, 2014
EUR

lol [email protected], i think you are just trying to calm usd bulls, but dont give them false hope, they suffer enough already! ;p

at least i have said from the beginning 1.35-1.42 is all i see and at 1.3550 someone said imminent crash euro, i said imminent crash was usd.

Paris ib 14:29 GMT March 6, 2014
Bonds vs Bank Credit in Europe

Draghi makes the point that interest rate policy DEPENDS on the banks as the transmission mechanism. Well no kidding. I believe that banks have behaved like parasitic cartels everywhere: cutting off profit making small businesses everywhere. Anyone do anything about that? Don't think so.

Basel III needs to be looked at. Is Draghi doing that? No. Talking Zombie Banks is just nonsense.

Basel and the damage it does.

GVI Forex Jay Meisler 14:28 GMT March 6, 2014
EUR

I am not singling you out and should have said abel (and others - I will change it). it is called being pre-emptive and why we setup a Political Forum. Mixing trading with politics has caused us problems in the past in a global market.

Nothing personal intended.

HK [email protected] 14:25 GMT March 6, 2014
EUR



Drop=Fly

jkt abel 14:25 GMT March 6, 2014
EUR

Jay, i dont need to rephrase anything, it is very easy to understand and the message is clear. There are other posts more political than this, why are you getting irritated and singling this out? You dont want to take this personally, do you?

HK [email protected] 14:24 GMT March 6, 2014
EUR



No need to get excited; If Euro will not drop tonight to 1.4600, then everything under control.

Meanwhile one can relax.

GVI Forex Jay Meisler 14:20 GMT March 6, 2014
EUR

Then pls phrase it in that way

Paris ib 14:20 GMT March 6, 2014
Bonds vs Bank Credit in Europe

'The Financial Services Agency in 2004 indicated that the major money lending companies were borrowing their capital from banks at just 2% whilst lending this onto to consumers at between 27% and 29%.'

All this focus on interest rates is so misplaced. What counts is what is really happening in real world credit markets. Japan had and has the lowest interest rates in the world, the highest savings and NO-ONE (well none of the LITTLE people) could get a decent loan. What they did get was TERRIBLE returns on their savings. Talk about being s.crewed.

Why low rates did not work in Japan

hk [email protected] 14:20 GMT March 6, 2014
My view Y.day. Let's see:)
Reply   


HK [email protected] 12:56 GMT March 5, 2014
EURO 1.3970 on the Menu in few days.: Reply
/

jkt abel 14:19 GMT March 6, 2014
EUR

come on, it does impact the market! sell usd!

GVI Forex 14:16 GMT March 6, 2014
EUR

abel (and others), can you keep political comments on the Political Forum except to the extent it impacts the markets.

jkt abel 14:15 GMT March 6, 2014
EUR

week after week after week, same pattern, damage is done on thursday, friday is just a formality really as a sell-usd friday! game over!

jkt abel 14:13 GMT March 6, 2014
EUR

[email protected], this will put the end to arrogancy of US! the world is fed up with it anyway, a country run by bunch of hypocrites and idiots, i pity the taxpayers!

you still wanna buy usd?

Paris ib 14:13 GMT March 6, 2014
EUR

bali sja 14:08 GMT 03/06/2014

Yeah. But they aren't the people that count !! :-)

Paris ib 14:11 GMT March 6, 2014
Bonds vs Bank Credit in Europe
Reply   
Draghi makes the point that the decline in banking credit has been compensated for by an increase in the issuance of corporate bonds. This is Japan. In Japan only big corporates had access to capital via the issuance of bonds. Small businesses and people had to make do with loan sharks lending at 30%. A couple of years the Government put a cap on that lending rate. Oh yes: 28% p.a. (from memory) - charming. Welcome to the future guys: governments and big corporates get cheap money. You get crap wages, pensions, low returns on savings, high property prices and higher taxes.

' In 2003, the police arrested Susumu Kajiyama, the king of the blackmarket lenders‘ and a couple of his twenty-one presidents.‘ Together, they oversaw a black-market lending operation run by the Yamaguchi crime family that included approximately 1000 offices and brought in profits of ¥10 billion annually. The
investigation showed that consumer finance had become a principle source of funding for organized crime in Japan '

Credit in Japan

Amman wfakhoury 14:11 GMT March 6, 2014
GBPJPY 17300

Johannesburg HvW 13:19 GMT 03/06/2014
---------------------
I prefer to take your profit here

HK [email protected] 14:10 GMT March 6, 2014
EUR



Probably this happens because of the political mistake the US did by taking the wrong side of history(A LA Obama), regarding the Ukrainian matter.

Mtl JP 14:09 GMT March 6, 2014
EUR

Gold... up some at 1341-ish

bali sja 14:08 GMT March 6, 2014
EUR

Paris ib, some folks just will not listen when you say abandon usd. I dont know why!

Paris ib 14:03 GMT March 6, 2014
EUR

I wonder just how 'out of control' the situation already is. Wondering if what we have is a house of cards just waiting to fall. The magicians of distraction have run a good race but still...... the USD remains the litmus test. Funny old world with stock markets at record levels. You have to laugh.

As an aside I note that Soros's fund is mega short the S and P and it's forces financed by Soros that are reportedly behind all these strange skirmishes is the Russian periphery (starting with Georgia but not ending there obviously).

Abandoning the USD

GVI Forex john 13:58 GMT March 6, 2014
March 2014 European Central Bank (ECB)

Draghi: No Justification of Suspension of Sterilization of Past Bond Program
Draghi: Resulting Injection of Liquidity Would Last Short time

HK [email protected] 13:56 GMT March 6, 2014
EUR
Reply   


The challenge is to blast through 1.3850.

Above that level things will run out of control.

Maybe the Ruskies are selling their 200B$ for Euro, and the Chinese are adding no less of their own.

GVI Forex john 13:50 GMT March 6, 2014
Weekly Jobless Claims

Please Refresh page Manually to update Chart

Amman wfakhoury 13:50 GMT March 6, 2014
EURJPY 142.40


142.40 reached

Amman wfakhoury 13:46 GMT March 6, 2014
EURUSD 13800 and 13661
Reply   
EURUSD has now 2 levels to be reached 13800 and 13661
the strongest to reach is 13800.
mostly we are going up first.
it is better to buy as any decline will be raised again untill reach 13800.
--------------------------
13800 reached

Paris ib 13:46 GMT March 6, 2014
Geopolitics

The latest data available:

China Sold Second-Largest Amount Ever Of US Treasurys In December

Paris ib 13:42 GMT March 6, 2014
Geopolitics

Expect U.S. economic weakness, a weaker USD and get out of longer dated U.S. bonds. Higher bond yields in the U.S. will hit the stock market, but the rotation will be hard to trade. Higher yields will hit stocks.... which will lead to a fall in yields..... so it's a bit circular but ultimately U.S. financial markets are at risk.

China sells out

dc CB 13:37 GMT March 6, 2014
March 2014 European Central Bank (ECB)

Mario expected to be unusually sanguine during his presser today.
No doubt in the back of his mind, will sit the $1/4 million is former counterpart is now getting paid for confessing his failures.

Mario thinking: I continue to fail and I don't get paid squat.

GVI Forex john 13:36 GMT March 6, 2014
Weekly Jobless Claims

U.S. Weekly jobless claims fall. Weather?




Click on chart for ten-year history



RELEASE: U.S. Weekly Unemployment Insurance Claims

GVI Forex john 13:31 GMT March 6, 2014
4Q13 final U.S. Productivity
Reply   



ALERT
+1.80% vs. +2.60% exp. vs. +3.20% prev.


TTN: Live News Special Offer


Direct links to primary data sources

GVI Forex john 13:31 GMT March 6, 2014
Weekly Jobless Claims
Reply   




ALERT
U.S. Weekly Jobless
Initial Claims (000)
323K vs. 337K exp. vs. 348K (r.349K) prev.
Continued Claims (mln)
2.907 vs. 2.973 exp. vs. 2.964 (r 2.915. ) prev.



TTN: Live News Special Offer


Press release Link in Middle of page

Mtl JP 13:28 GMT March 6, 2014
Geopolitics

ib 13:03 - the Bottom Line = ?
buy Gold; sub 1330 nixes

Johannesburg HvW 13:19 GMT March 6, 2014
GBPJPY 17300

Thank you very much, Mr. Wfakhoury. Much appreciated.

Amman wfakhoury 13:06 GMT March 6, 2014
EURJPY 141.20 confirmed

now any decline below 141.20 will return to it.

Mtl JP 13:06 GMT March 6, 2014
March 2014 European Central Bank (ECB)

so what does it mean.. what pair to buy / short ?
think short eurgbp here has decent odds of posi-pips ?

Paris ib 13:03 GMT March 6, 2014
Geopolitics

' While it is easy and often enjoyable to distract oneself with daily drudgery such as who will bomb whom (if not so enjoyable for those on the receiving end of said bombs), the key word in the sentence is just one: "distract" '

' Larry Kotlikoff: Our country is broke. It’s not broke in 50 years or 30 years or 10 years. It’s broke today. '

Meanwhile we get all sort of excitement around NFP and what Central Banks may do or not do regarding official rate policy.

Broke today

Amman wfakhoury 13:02 GMT March 6, 2014
GBPJPY 17300

any decline below 171.60 will return to it.

Amman wfakhoury 12:59 GMT March 6, 2014
GBPJPY 17300
Reply   
ohannesburg HvW 11:47 GMT 03/06/2014 - My Profile
Do you by any chance have a forecast on GBP/JPY, Mr.Wfakhoury?
--------------------
Short term signal shows it is heading twd 17300 unleit breaks down 171.35

GVI Forex john 12:51 GMT March 6, 2014
March 2014 European Central Bank (ECB)



Eurozone interest rates (EZ benchmarks). Eurozone interest rates (EZ benchmarks). This looks like a dead steady policy outlook to me. The 2-yr yield (green) would be pointed down, not up, if there were any serious expectations of policy ease

GVI Forex john 12:47 GMT March 6, 2014
March 2014 European Central Bank (ECB)

No surprises from ECB with all rates held steady. Any change in ECB sterilization would be announced in press conference starting at 13:30 GMT.

GVI Forex john 12:45 GMT March 6, 2014
March 2014 European Central Bank (ECB)





ALERT

Refi Rate unchanged at 0.25%
Marginal Lending Rate unchanged at 0.75%
Deposit Rate steady at 0.00%

TTN: Live News Special Offer


Direct links to primary data sources

GVI Forex john 12:25 GMT March 6, 2014
March 2014 European Central Bank (ECB)
Reply   

HEADS-UP: Data (forum top)
EURUSD= 1.3745
GBPUSD= 1.6707
USDJPY= 102.70

US 10-yr= 2.71%
DE 10-yr= 1.64%
GB 10-yr= 2.72%
(Manually refresh forum to update Calendar)

Direct links to primary data sources

GVI Forex Jay Meisler 12:25 GMT March 6, 2014
good morning from tokyo

Month is still young but so far March tendency in USDJPY is playing out...

Japanese Fiscal yearend - USDJPY Weaker or Stronger?

GVI Forex john 12:09 GMT March 6, 2014
March 2014 Bank of England Policy Decision



U.K. Interest Rates. We are watching the 2-yr (0.62%) suggests rate hikes are still in the future.

GVI Forex john 12:02 GMT March 6, 2014
March 2014 Bank of England Policy Decision

No surprises from the Bank of England. GBPUSD up slightly afterwards.

GVI Forex john 12:00 GMT March 6, 2014
March 2014 Bank of England Policy Decision
Reply   




-- ALERT --

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


TTN: Live News Special Offer

height="30">

Direct links to primary data sources

jkt abel 11:51 GMT March 6, 2014
EURJPY 142.40

come on guys, follow wfakhoury he is on fire today! what are you waiting for, green light from the master
buy eurjpy now 141.10 for 142.40 stops below 140.60, sounds about right!

Paris ib 11:51 GMT March 6, 2014
Geopolitics
Reply   
"The Obama administration - especially the neo-cons of the "F**k the EU" kind - has lost is power play. And for Moscow, it has no interlocutor in Kiev because it considers the regime-changers illegal. Moscow also regards "Europe" as a bunch of pampered whining losers - with no common foreign policy to boot."

Meanwhile I can't help wondering about the deafening silence surrounding the U.S. funding and refunding schedule for this year. Billions up for auction, bond yields not falling dramatically, China taking its money home...... what you got is a situation where the U.S.'s economic lifeline (also known as that endless stream of foreign capital inflows) has dried up. And that is a very small exit door if we actually get foreign capital flight. In any case what you don't have is a case for assuming the U.S. economic recovery does anything but fail. Gonna be an interesting week next week.

Ukraine and all that

Johannesburg HvW 11:47 GMT March 6, 2014
EURJPY 141.20 confirmed

Do you by any chance have a forecast on GBP/JPY, Mr.Wfakhoury?

GVI Forex john 11:23 GMT March 6, 2014
January 2014 German Factory Orders

Sorry delayed. More strong data from Germany.

GVI Forex Jay Meisler 11:22 GMT March 6, 2014
Wide Range of Possible ECB Decisions Seen Today. Bank of England Seen Steady



Daily Forex Trading Outlook

Dies ECB act logically or disappoint?

GVI Forex john 11:22 GMT March 6, 2014
January 2014 German Factory Orders
Reply   



ALERT
mm +1.20% vs. +1.00% exp. vs. -0.50% (-0.20%) prev.
yy +8.40% vs. +7.50% exp. vs. +6.00% (+6.10%) prev.


TTN: Live News Special Offer


Direct links to primary data sources

ROMA El Negro Zumbon 11:14 GMT March 6, 2014
EURUSD 13750 confirmed



One bottle of whisky for you wfakhoury(secretly eh). Today you are the greatest.

GVI Forex Blog 11:07 GMT March 6, 2014
Global Markets News
Reply   
For EUR/USD the focus was on the ECB and its rate decision and press conference. Overall price action is likely to be volatile and potential for whipsaw developments

TradeTheNews.com EU Market Update: Markets await interest rate decisions from UK and EU; leaders meet to talk about Ukraine situation

Amman wfakhoury 10:42 GMT March 6, 2014
EURJPY 142.40
Reply   
Short term signal ...EURJPY is heading to 142.40 unless it breaks down 140.60.

GVI Forex Jay Meisler 10:42 GMT March 6, 2014
Wide Range of Possible ECB Decisions Seen Today. Bank of England Seen Steady

The ECB decision at 12.45 and the press conference 45 minutes later will be the main focus today. With February’s inflation marginally stronger than anticpated at 0.8%, expectations that the ECB would be rushed into further policy stimulus at this meeting have faded. Yet with further disinflation expected, the debate about further stimulus is likely to persist. The problem for the ECB is that there are few easy options left. The refi rate is already too low to provide additional meaningful stimulus. We also doubt the ECB will reduce its deposit rate to negative territory. Some officials have been discussing ceasing sterlising the ECB’s Securities Market Programme holdings. This would in effect be quantitative easing. With pressure for immediate action reduced, we think policy will be unchanged today. But the press conference will be interesting to guide the immediate outlook. ...

Lloyds Bank Daily Economic Outlook

GVI Forex Jay Meisler 10:37 GMT March 6, 2014
Wide Range of Possible ECB Decisions Seen Today. Bank of England Seen Steady

This covers the possible ECB moves

Quotes from RBC Capital Markets:

-EUR: There are many balls in the air heading into today's ECB meeting, but the FX market reaction will generally be driven by three factors (1) the refi rate announcement (2) the deposit rate announcement (3) the rest, that all comes in the press conference 45 minutes later. On the refi rate, RBC is with the minority view that the ECB will cut today (25% of analysts expect either a 10 or 15bp cut).

-As was the case with the unexpected cut in November, however, any resulting EUR weakness will likely be short-lived and particularly so if the market perceives a refi rate cut as a substitute for more aggressive easing. A depo rate cut (expected by almost no one - just one economist the Bloomberg survey) would clearly be a much more negative development.

-At the press conference there are more variables to consider. Halting sterilisation of the SMP bond holdings is widely, though not universally, expected. Such a move would have limited practical consequences, amounting to just 2% of EZ nominal GDP or 3% of outstanding government bonds.

-For comparison, the Fed, BoE and BoJ QE programmes are all 10 to 15 times bigger on both ratios. As a signal that previously unpalatable policy options are now open, however, EUR might take this news more negatively. As well as other possible liquidity measures, the final factor to watch is the 2016 inflation forecast (the first time the ECB has published one) where a central projection below 1.6-1.7% would be taken as signaling the risk of more easing in the future.

Source: FXWire Pro - Research & Analysis

jkt abel 10:37 GMT March 6, 2014
EURJPY 141.20 confirmed

agree with wfakhoury, eurjpy to go up later, cant see downside from charts so far, good call

jkt abel 10:34 GMT March 6, 2014
Wide Range of Possible ECB Decisions Seen Today. Bank of England Seen Steady

agree, anything about cuts or easing from ECB is nonsense, EU is just about Germany, the rest is nonexistent.

GVI Forex Blog 10:23 GMT March 6, 2014
Wide Range of Possible ECB Decisions Seen Today. Bank of England Seen Steady
Reply   
HIGH IMPACT ITEMS: GB- Bank of England, European Central Bank, US- Productivity, Weekly Jobless, Factory Orders, Natural Gas, CA- Ivey PMI

The outlook for the ECB policy decision today is mixed. Some expect a policy easing, but I expect no rate changes or QE. Flash February Eurozone HICP data ticked and the German Bundesbank is said not to favor of a rate cut.

Wide Range of Possible ECB Decisions Seen Today. Bank of England Seen Steady

GVI Forex john 10:08 GMT March 6, 2014
Fixed Income Snapshot
Reply   
Early in European trading hours, financial markets are signaling that pressure over Ukraine continues to ease. Today the focus is on the ECB decision. There is a wide range of expectations for the outcome of the meeting.

Prices in prime fixed income markets are mostly lower again. European equities are higher. Far East equities ended mostly up. U.s. S&P futures are up modestly at this hour. The peripheral European bond prices are mixed.

Amman wfakhoury 10:05 GMT March 6, 2014
EURUSD 13750 confirmed
Reply   
13750 confirmed will be reached , any decline below 13727 will return to it.



Amman wfakhoury 09:55 GMT March 6, 2014
EURJPY 141.20 confirmed
Reply   
141.20 confirmed will be reached ..any decline below 140.94 will return to it.




tokyo ginko 09:45 GMT March 6, 2014
good morning from tokyo

will start to close out slowly above 103.80 to 104.20

NY JM 09:40 GMT March 6, 2014
Who is the star so far today?
Reply   
AUDJPY is today's outperformer

bali sja 09:22 GMT March 6, 2014
good morning from tokyo

sf, a lot more higher IMHO, dont want to fight this trend

Hong Kong AceTrader 08:22 GMT March 6, 2014
AceTrader Mar 6: Intra-Day Market Moving News and Views
Reply   

Intra-Day Market Moving News and Views
06 Mar 2014 08:04GMT

EUR/USD - 1.3723... Euro trades sideways in Asia n early Europe today after y'day's rebound from 1.3707 to 1.3749 as investors are reluctant to enter large position ahead of ECB's rate decision n post-rate conference at 12:45GMT and 13:30GMT respectively.

Offers from st spec are noted at 1.3740-50 and then 1.3770-80 with stops located just above 1.3800, whilst cross related bids are placed at 1.3710-00 n further out at 1.3680-70 with stops emerging below 1.3650.


06 Mar 2014 08:00GMT
GBP/USD - 1.6712...U.K. Halifax House Prices in Feb came in at 2.4% M/M n 7.9% 3M/Y, better than the expectation of 0.7% n 7.3% respectively.

Syd sf 08:01 GMT March 6, 2014
good morning from tokyo

how high do you think its going to go ?

Shanghai 07:54 GMT March 6, 2014
Indian Commerce Ministry Calls for Gold Import Relaxation
Reply   
The Commerce Ministry of India on Tuesday raised the issue for relaxing the gold import duty with the finance ministry as stringent regulations have opened route for uncontrollable smuggling over the year. The commerce minister while addressing a group of media persons here yesterday said that the prolonged prevalence of hiked import duty and premium has been adversely affecting the business of Indian jewelers as well as the importer-exporters of gold. Revival of gold import duty is required under the current scenario for improving gold demand in India.

The Reserve Bank of India (RBI) on behalf of the Govt. had last year imposed several stringent regulations on gold import owing to worries of ballooning current account deficit (CAD). Commenting on the over-regulation of gold import in a news conference, Mr. Anand Sharma, the Indian Commerce Minister said that the increase of tariffs and import duty has paved way for another drastic problem, gold smuggling. The shortage of stocks and decline of gold import triggered the gold smugglers to open a new channel for sneaking gold to India to satisfy the gold demand of India. Over a year, India’s customs officials have seized thousands of gold in the form of bullions, coins and jewelries imported to India through illegal means. Smugglers had even targeted NRIs as their gold carriers to give smuggling a new face of ‘legal smuggling’.

The Indian jewelry associations such as GJEPC had reported that jewelers were forced to fulfill the jewelry demand of the country by purchasing finished jewelries from foreign countries. According to the Commerce Minister of the country, the availability of adequate stocks for the gems and jewelry sector has to be ensured which is highly important for the recovery of business in India’s export sector. India’s Finance Minister, P. Chidambaram had assured that import regulations would be reviewed once the CAD was brought under control and targets it to reach below $ 45 billion against last year’s $ 88 billion.

Meantime, the jewelry export in India is reported to have suffered a big fall by more than 50 % since the beginning of 2014. The time consuming customs clearances have affected the jewelers considerably in receiving imported gold to run their business during the time when the festival and wedding seasons were at full swing. However, Sharma says that he has taken the issue to the finance ministry and the RBI and assures that the Commerce Secretary and the Director General of Foreign Trade will come up with a permanent solution to the rising import duty.

tokyo ginko 07:35 GMT March 6, 2014
good morning from tokyo

ride ain't over..

manila tom 05:44 GMT March 6, 2014
If the pizza has gone, then US is finished, oh no!!!!!!!!!!!!!!

??? pizza=end of the world? how? explain!

GVI Forex Blog 05:40 GMT March 6, 2014 Reply   
- (AU) AUSTRALIA JAN TRADE BALANCE: A$1.4B V A$100ME (2-year high) >- (AU) AUSTRALIA JAN RETAIL SALES M/M: 1.2% V 0.4%E (11-month high) - (NZ) NEW ZEALAND FEB QV HOUSE PRICES Y/Y: 9.3% V 9.6% PRIOR; V

TradeTheNews.com Asian Market Update: Strong Australia Trade, Retail Sales spark AUD rally; Nikkei outperforms on GPIF reform***Economic Data*** - Source TradeTheNews.com

HK [email protected] 05:23 GMT March 6, 2014
If the pizza has gone, then US is finished, oh no!!!!!!!!!!!!!!
Reply   


.......THE END OF THE WORLD

Pizza chain Sbarro preparing to file for bankruptcy protection as soon as next week, sources tell @WSJ

bali sja 04:31 GMT March 6, 2014
Note

only below 16k on weekly closing basis then we form a range otherwise still looking for new highs

bali sja 04:27 GMT March 6, 2014
Note

rather than puzzled day to day, just close eyes, buy and hold stocks and jpy pairs until Dow 17k, will hit by May

Syd sf 03:49 GMT March 6, 2014
Note
Reply   
just looking at yen cross and Nikkei

gbpyen broken 170.90 target 173.35
audyen not yet broken at 92.64 - if breaks target 94.00

nikkei above 15000 targets 15265

GVI Forex Blog 03:21 GMT March 6, 2014 Reply   
The global markets are consolidating after rallying hard to recover most if not

Morning Briefing : 06-Mar-2014 -0320 GMT

Syd sf 01:32 GMT March 6, 2014
China

one of these Chinese Solar Firms is defaulting on its debt tomorrow - have no idea if this will have any impact on anything.

Hong Kong AceTrader 01:27 GMT March 6, 2014
AceTrader Mar 6: Japanese yen extends weakness on increasing risk appetite
Reply   

Market Review - 05/03/2014 21:16GMT

Japanese yen extends weakness on increasing risk appetite

The Japanese yen weakened broadly the second day on Wednesday as concerns over tensions between Russian and Ukraine continued to abate. Investors shrugged off weaker than expected data on U.S. private sector jobs growth and turned their focus on Thursday's monetary policy decision from Bank of England and European Central Bank.

Versus the Japanese yen, dollar rebounded after finding support at 102.12 in Wednesday's Asian trading and price later rose above Tuesday's high of 102.29 in European morning. Usd/jpy pair later climbed higher to 102.55 in New York morning before easing. Eur/jpy, aud/jpy and gbp/jpy crosses rose from 140.20 to 140.78, from 91.35 to 92.08 and from 170.15 to 171.40 on Wednesday respectively.

Euro remained under pressure after meeting renewed selling at 1.3745 in Australian session and despite release of upbeat reports on euro zone private sector activity and retail sales, the single currency fell below Tuesday low at 1.3718 to 1.3707 in European morning as investors remained cautious ahead of the ECB's monthly policy meeting on Thursday amid concerns that the bank could tighten monetary policy to help shore up the fragile recovery in the region. Later, euro traded in a choppy fashion inside 1.3707-1.3749 in New York session, ended around 1.3732 near New York closing.

On the data front, the final euro zone composite PMI was revised up to a 32-month high of 53.3 from a preliminary estimate of 52.7. The euro area services PMI rose 52.6 in February, from a final reading of 51.6 in January and higher than the flash estimate of 51.7. Meanwhile, Germany's composite PMI climbed to a 33-month high but France's fell to a two-month low of 47.7. Italy's service PMI soared to an almost three year high last month at 52.9.

Cable traded sideways above Tuesday's low at 1.6652 in Asian on Wednesday before active cross-buying of sterling versus yen and euro pushed price higher in Europe. The pair rose to 1.3734 in New York morning and then further to 1.6742 before easing in New York afternoon.

Bank of Canada (BoC) kept rate unchanged at 1.00% on Wednesday, repeated that timing and direction of next rate move to depend on how new data influence balance of risks. BoC said in the statement that 'with inflation expected to be well below target for some time, downside risks to inflation "remain important" roughly follow path outlined in January MPR; recent inflation readings slightly higher than expected; still expects underlying 2014 Canada growth of around 2-1/2%, Q1 2014 likely to be softer; risks associated with elevated household imbalances have not materially changed; exports a little stronger than previously thought but continue to underperform, overall business investment has yet to pick up; recent data support bank's expectation of soft landing in housing market, stabilizing debt-to-income ratios for households; fundamental drivers of growth and inflation in Canada continue to strengthen gradually, as expected; global economy evolving as anticipated, growth seen strengthen in 2014/2015; tensions in Ukraine have added to geopolitical uncertainty.' However, BoC statement did not mention of C$; in Jan it said weaker C$ should help boost exports, confidence and investment.

In other news, Fed Chair Janet Yellen said "the economy continues to operate considerably short of these objectives of maximum employment and stable prices; the economy is stronger and the financial system is sounder; we have come a long way, but we have farther to go."

Data to be release of Thursday:

Australia trade balance, retail sales, Germany factory orders, UK BoE rate decision, ECB rate decision, Canada building permits, U.S. labor cost, productivity, initial jobless claims and factory orders.

Syd sf 01:23 GMT March 6, 2014
China
Reply   
China drains a bunch of money from MM

Syd sf 01:16 GMT March 6, 2014
strategy

you should think about doing the Nikkei rather than cross/yen or $yen

most days $yen moves 0.2-0.3% while the nikkei moves 1-3%

dc CB 01:04 GMT March 6, 2014
A harbinger for the coming NFP?

tks

cheers

Brock Thor 00:54 GMT March 6, 2014
A harbinger for the coming NFP?

CB
You find the best stuff.
That's funny.

dc CB 00:26 GMT March 6, 2014
A harbinger for the coming NFP?



hahaha

he could care less.

he's in line to collect way way way more the Bennie(so far going rate $250K per speach). Plus he get's Secret Service coverage for life....Bennie's got to worry about a PO'd ex middle class homeless guy who held on to his gun.

Just a Reminder. The O's Job, since he won the election -2008- has been and will continue to be until he hands-off on Jan 21 2016, IS TO campaign for his donar/handlers/owners.

He's set for life babeeeeee

jkt abel 00:10 GMT March 6, 2014
strategy

well if it does not work, maybe you should dump that idea of going short jpy pairs, they will go parabolically up from here IMO

 




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


Global-View Affiliate Program

We are starting an affiliate program to market some of our products.

Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.

Put the word "affiliate" in the email subject line.

Contact us

Start trading with forex broker Markets Cube




pic

Retail Forex Brokerage Changing!

Are you looking for your first broker or do you need of a new one? There are more critical things to consider than you might have thought.

We were trading long before there were online brokers. Global-View has been directly involved with the industry since its infancy. We've seen everything and are up-to-data with recent regulatory changes.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools

 
Terms of Use    Disclaimer    Privacy Policy    Contact    Site Map


Forex Forum
Forex Trading Forum
Forex Forum + forex rates
Forex Forum Archives
Forex Forum RSS
Free Registration

Trading Forums
Currency Forum Guide
Forum Directory
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

Forex Trading Tools
Currency Trading Tools
Forex Database
FX Chart Points
Risk/Carry Trade Chart Points
Economic Calendar
Quicklinks to Economic Data
Currency Futures Swaps
Fibonacci Calculator
Currency Futures Calculator

Forex Education
Forex Learning Center
FX Trading Basics Course
Forex Trading Course
Forex Trading Handbook

Forex Analysis
Forex Forecasts
Interest Rate Forecasts
Central Bank Forecasts

FX Charts and Quotes
Live FX Rates
Live Global Market Quotes
Live Forex Charts
US Dollar Index Chart
Global Chart Gallery
Daily Market Tracker
Forex News
Forex Blog
Forex News
Forex Blog Archives
Forex News RSS
Forex Services
The Amazing Trader
Forex Opportunities
Forex Affiliates
Forex CopyTrading
GVI Forex