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Forex Forum Archive for 03/11/2014

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tokyo ginko 23:53 GMT March 11, 2014
USD: Dow -1000 points coming, and USD likely declining disorderly.

add back 40% 14990...NK..

GT ALL!

Syd 23:00 GMT March 11, 2014
China Property Trust Defaults Forecast as Risks Flagged
Reply   
China’s property trusts, grappling with repayments equivalent to the size of Puerto Rico’s economy, face rising default risks as a former central bank adviser dubs real estate the biggest threat to the economy.

As default concerns escalate, the cost of insuring China’s sovereign debt against non-payment is rising.

Syd 22:56 GMT March 11, 2014
AUD CHINA
Reply   
Weakness in commodity prices can be expected to continue weighing on the Australian dollar, says Emma Lawson, senior currency strategist at National Australia Bank. She says news from China that another company has been suspended over concerns about its ability to meet debt payments has further fanned concerns about the broader credit market in that country, and on from that, the broader state of economic growth. Lawson adds this tension is reported to have had a negative effect on copper prices, and yesterday, the news was iron-ore prices. "This is big news for Australia, as it remains our largest export market," Ms. Lawson said. "The Australian dollar has some of this negativity on commodity prices already in the price, but if risk sentiment drops and commodities fall further, you can expect a follow on in the AUD to continue."

Syd 22:52 GMT March 11, 2014
aud dj
Reply   
The Australian and New Zealand dollars are under pressure as markets "extended the previous day's defensive posture," says Westpac currency strategist Imre Speizer. He says weak Chinese data had weighed on commodity prices, in turn souring risk sentiment. A further fall in copper prices had weighed on currencies perceived as more risky. AUD/USD last at 0.8975 from 0.9028 late last session. Speizer says there's scope for the pair to slip below 0.8950 particularly if metal prices keep declining. NZD/USD last at 0.8471 from 0.8482. Speizer says the pair could fall to 0.8430, although RBNZ on Thursday could lend some support.

HK [email protected] 22:45 GMT March 11, 2014
Calm towards weekend.
Reply   


Russians have deployed a large army and hardware to keep the Sunday referendum peaceful. And so will it be.

Next week things may heatup with the coming sanctions, economical tit for tat maybe interesting for the Mkt.

Cable on the way to bottom, and triple-top gold driven by fundamentals may have some correction, but it's bullish tone may return on any fundamental chirp.

Syd sf 22:14 GMT March 11, 2014
Asia
Reply   
simple formula today - if $yen rallies buy Stock Futures - if $yen stays the same or falls - sell Stock Futures.

plenty of room for stocks to drop given the right formula

audusd is a pretty funny currency - took a full 24 hours to fall while everything else was .... I guess this is what is going to make it so offered when it gets down to 85 cents - all these buyers will be puking it out.

oil worked pretty well and hit at the targeted area.

actually square position wise at the moment - will start things up again when tokyo opens.

dc CB 21:41 GMT March 11, 2014
Everyone BUT ME
Reply   
from the when it goes around it comes around:

Spy on the F$%^ing World for all I care, but Spy on Me and I'll come after you MFKA

hahahahahahahahahaha

Feinstein Publicly Accuses C.I.A. of Spying on Congress

london red 21:40 GMT March 11, 2014
cable
Reply   
looking for some info on a big option structure in cable. worth 1bln, a 1.66 call with 1.69 KO. set to expire this week but looking for exact date.

dc CB 21:27 GMT March 11, 2014
Did Banks Manipulate the Forex Market?

LONDON – The Bank of England’s reputation is at stake as its independent directors conduct a review into whether bank officials knew of or condoned potential manipulation of the currency markets, Mark J. Carney, the bank’s governor, told lawmakers on Tuesday.

Bank of England Governor Pledges More Integrity After Currency Inquiry

dc CB 21:18 GMT March 11, 2014
Wednesday is shaping up to be another quiet session with many sidelined



Go for the March End of Month, First Quarter BOOOOOONUS.

Then ? How long can the Truman Market keep going.

as every 'Truman' under Bernanke’s dome knows the environment is phony."

Seth Klarman On "Born Bulls", Bitcoin, & "The Truman Show" Market

GVI Forex john 21:05 GMT March 11, 2014
Calendar -- Daily Forex Data News
Reply   


March 11, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, March 12. Updated: Trading Events Calendar

HIGH IMPACT NEWS RELEASES: US- 10-yr auction

  • Far East: No Major Data.
  • Europe: No Major Data.
  • North America: US- Weekly Mortgages, Weekly Crude, 10-yr auction.


GVI Forex john 20:36 GMT March 11, 2014
Weekly US API Data
Reply   



NEWS ALERT
(Estimates and Previous data for EIA Survey)
Crude Oil: +2.630 vs. +2.000 exp vs. +1.43 prev.
Gasoline: -2.150 vs. -1.500 exp vs. -1.600 prev.
Distillates:-1.500 vs. -0.500 exp vs. +1.400 prev.
Cap/Util: vs. n/a exp vs. 86.80% prev.

TTN: Live News Special Offer

dc CB 19:52 GMT March 11, 2014
Did Banks Manipulate the Forex Market?



This was posted earlier today on ZH.

yesterday there was a post on this HFT Hedge Fund which is planning to go public(linked to in this post)

The Holy Grail Of Trading Has Been Found: HFT Firm Reveals 1 Losing Trading Day In 1238 Days Of Trading

The Is The One Financial Product Now Targeted By The HFT Swarm

GVI Forex john 19:47 GMT March 11, 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.

dc CB 19:47 GMT March 11, 2014
Wednesday is shaping up to be another quiet session with many sidelined

considering all the threats that were thrown about last week...."We'll dump your Treasuries if you sanction", etc....

and the 10 and the 30 auctions coming up, one could logically expect that Stox will be "kept" under pressure...with none of the illogical "good news is bad or bad news is good" Algo Ramps toward new(er) highs.

But SnP futures Roll this week and next week is Quad witching...So 1900 or 1899.75 on the March contract is not out of the question, once we get thru the important stuff...like selling those 10s.

GVI Forex john 19:20 GMT March 11, 2014
Chart Points -- Trading Points
Reply   
Pre-Closing Trading Points...
many more chart points
About Moving Averages
About Bollinger Bands


GVI Forex Blog 19:14 GMT March 11, 2014
AUD and NZD
Reply   
Markets extended the previous day's defensive posture. US data was minor but disappointing nonetheless, small business confidence and wholesale trade both falling. Ukrainian tensions continued. The S&P500 is currently down 0.4%, US interest rates are lower, and copper is another 2.5% lower to June 2013 levels.

Australia & NZ Morning Thoughts

Caribbean! Rafe... 19:09 GMT March 11, 2014
fwiw...
Reply   
Fwiw... This will not sit well with you guys but I am working without a model...

Those calls made since I came back are the first in 2.5-3 years as one of the guys mentioned a few days back... so better to trade off naked charts and let's see if my calls are worth their mettle... It will help me to fine tune my accuracy if nothing else.

Also on the yen call, I picked up a 79 level many years before (but kept quiet about it), and this level if I remember correctly was reached when they had the nuclear incident in Japan and it breached that and stitched through that level for almost 1 year dipping to I think 75 and then broke out headed to current levels. So I think it's worth it even though it's a naked call...

GVI Forex Blog 19:03 GMT March 11, 2014
Wednesday is shaping up to be another quiet session with many sidelined
Reply   
HIGH IMPACT NEWS ITEMS: NZ- RBNZ Decision, US- 10-yr auction

Tuesday has seen a mixed performance in major markets as traders seemed to be looking for a new trading theme. The Fed taper theme is no longer an issue, the ECB has clarified its policy stance and Ukraine seems to be fading as a source of uncertainty.

Wednesday is shaping up to be another quiet session with many sidelined

nw kw 18:51 GMT March 11, 2014
Your Best Trade Today

Copper to CNY correlation /you get a copper con. in usd than you have usd in china in copper and convert it to physical so you can invest in ch. stocks at 15% interest// I forget the terminology for this but like carry trade//reported 80% of copper is in this trade

Caribbean! Rafe... 18:47 GMT March 11, 2014
Did Banks Manipulate the Forex Market?

It's nothing new Jay.

Ever seen a group of race cars getting ready to take off even before the go signal? Same principle applies... They will always do their vroom vroom. That's what makes the market, let the banks screw around because one day or the other new people that work in those positions/posts will come in with a different mindsets and that's when they will start butchering each other...

Anyhow's I don't believe in messing with the laws of nature, just let the market decide where it wants to go or let the chips just fall where they may.

GVI Forex Jay Meisler 18:40 GMT March 11, 2014
Did Banks Manipulate the Forex Market?

Front running an order or stops is one thing but manipulating the market in collusion with other banks to get the price up or down at fixing time is another.

Caribbean! Rafe... 18:38 GMT March 11, 2014
Did Banks Manipulate the Forex Market?

Jay, I think that is very easy to do meaning finding a solution, provided we know their modus.

But anyhow's, banks running their customers stops isn't that how it always has been?

Moreover if the central banks did not bless this then who are the banks to avoid joining and forming their own cartels?

GVI Forex Jay Meisler 18:30 GMT March 11, 2014
Did Banks Manipulate the Forex Market?

Rafe, when I worked for a bank there were too many players to collude and manipulate the market. Even if we could in those days we wouldn't, too much pride in trading.

Now you have fewer large players and the collusion was for fixing orders at the expense of their customers. How about stopping the data leaks?

Caribbean! Rafe... 18:02 GMT March 11, 2014
NFA Proposal to Impose Capital Requirements on CTAs and CPO's

Nice point... it's a way of making every Joe outside of the USA go long on dollars to invest with these guys who can target them as customers and then they can survive with the same or less capital requirement... if it's too expensive at the theater then we go to the drive-in...?

Hope you see where I am coming from...

GVI Forex john 18:00 GMT March 11, 2014
Your Best Trade Today

Copper to CNY correlation is in the headlines because the Chinese Mfg economy is a major consumer of copper. Also many of the non-performing loans are collateralized by copper. Another relationship to monitor.

Caribbean! Rafe... 17:57 GMT March 11, 2014
Did Banks Manipulate the Forex Market?

Moreover why are they now accusing the banks in 2014?

Where were they all these decades, squeezing each others t-its or giving Joe Blow what he demanded? what now?

Caribbean! Rafe... 17:54 GMT March 11, 2014
Did Banks Manipulate the Forex Market?

Do retail banks manipulate the FX markets?

I seriously did not know that... I know that central banks covertly manipulate them but they do this to guard against economic disequilibrium that results from wild fluctuations in market rates.

Retail banking? I never heard of this unless of course the retail banks customers collectively hound them into auctioning for dollars, customers like exporters, corporates, maybe a few hedge funds, a few rich muaa muaah people. Maybe then I think the retail banks go to the wholesale banks who in turn go to the banks of banks who have customers like central banks in their pockets too and maybe the shadow bankers who work for narcos and the shadow armies of various countries who demand and supply dollars according to their illicit trade and requirements.

Maybe banks don't do this willingly but have to unwillingly and unknowingly help their customers to profit while in turn making sure they make enough money to pay their helpful shadow bankers and their staff and in turn line the pockets of the shareholders and stakeholders some of whom may be the very same customers that demand and supply dollars. How can this be called market manipulation and more over how can one blame banks who are authorized by the centrals banks to auction or rig the markets so all on 1 side see to profit from disequilibrium as a natural process of everyday authorized and legal business?

GVI Forex 17:03 GMT March 11, 2014
Fixed Income Snapshot

3-yr 0.802%
bid-to-cover 3.25 bvs. 3.42

GVI Forex john 16:45 GMT March 11, 2014
Fixed Income Snapshot

3-yr in about 15 mins.

Livingston nh 16:39 GMT March 11, 2014
Fixed Income Snapshot

US 10 yr again fails at 2.80 yield - SPX first target would be yesterday's low - the big gap from last Tues "silly spike" is below 1845

Paris ib 16:24 GMT March 11, 2014
Fixed Income Snapshot

About the only way the U.S. can lower its funding costs is if the stock market crashes. A temporary fix for a big problem.

GVI Forex john 16:22 GMT March 11, 2014
Fixed Income Snapshot

Late in European trade, prices in prime fixed income markets are lower in mixed "risk-on"? trading as markets look for direction. European equity prices are wind uo higher, but U.S. shares are down. Peripheral European bond prices are mostly lower.

NY JM 16:20 GMT March 11, 2014
Correlations Rule
Reply   
JPY <= => S&P sums it up

NY JM 15:47 GMT March 11, 2014
Libya, Ukraine and the USD

And now stocks dip into - territory. That kind of day about nothing.

GVI Forex Blog 15:36 GMT March 11, 2014 Reply   
March 11, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, March 12. Updated: Trading Events Calendar HIGH IMPACT NEWS RELEASES: NZ- RBNZ Decision, US- 10-yr auction

GVI Forex Data Outlook for March 12, 2014

GVI Forex john 15:26 GMT March 11, 2014
Calendar -- Daily Forex Data News
Reply   


March 11, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, March 12. Updated: Trading Events Calendar

HIGH IMPACT NEWS RELEASES: NZ- RBNZ Decision, US- 10-yr auction

  • Far East: NZ- RBNZ Decision.
  • Europe: No Major Data.
  • North America: US- Weekly Mortgages, Weekly Crude, 10-yr auction.


Memphis Charles 15:21 GMT March 11, 2014
Did Banks Manipulate the Forex Market?

Back when I first starting visiting this site, couldn't have been all that many years after it was started, we often referred to Forex as the most manipulated market on the planet. I don't recall anybody seriously asserting otherwise.

Is somebody asserting this is something new?

Paris ib 15:18 GMT March 11, 2014
Fixed Income Snapshot

The Treasury Department will sell $30 billion of 3-year notes, $21 billion of 10-year notes, and $13 billion of 30-year bonds. Today, tomorrow and Thursday. But that's not a huge deal. There is a lot of paper expiring this year (3 trillion?)... and the deficit to finance as well. The auction schedule remains sketchy. Last year - with a lot rolling over -yields rose sharply in the second half. Same deal this year? The U.S. has to now roll paper with yields sharply higher yields (the bottom line will be ugly). The Chinese mostly hold shorter dated paper - all they have to do is NOT roll over all their U.S. paper if they want to repatriate. No idea what type of paper the Japanese hold.

GVI Forex Blog 15:05 GMT March 11, 2014
Global Markets News
Reply   
Stocks have little in the way of top tier data to trade off of and movement has been sporadic and mostly company specific. The DAX is leading the way higher in Europe up 0.8% while major US indices are posting marginal gains.

TradeTheNews.com US Market Update: Stocks find little in the way of traction as corporate outlooks remain subdued

Livingston nh 14:55 GMT March 11, 2014
Fixed Income Snapshot

Ahead of tomorrow's treasury 10 yr auction, yields are moving back above 2.8% - risk on / risk off

NY JM 14:51 GMT March 11, 2014
Libya, Ukraine and the USD

Ib. Keep shadow boxing. Stocks now + on the day.

Mtl JP 14:23 GMT March 11, 2014
Libya, Ukraine and the USD

western pundits are known to try to get a pulse on Chinese economy via its electricity production / consumption.

did automobiles in the US double in their gas mileage efficiency or does this chart say something else than FED & poodle pundits about their so-called "recovery" ?

GVI Forex Jay Meisler 14:11 GMT March 11, 2014
Did Banks Manipulate the Forex Market?
Reply   
Have you ever noticed how forex rates often move ahead of fixing times?

Have you ever wondered whether banks front run customer orders to their advantage?

Is the answer more regulation or more business transacted on electronic platforms?

An investigation into whether banks colluded to manipulate benchmark foreign exchange rates for their own gain…is a blow to the "hands off" approach to regulating the world's largest financial market.

Did Banks Manipulate the Forex Market?

GVI Forex john 14:00 GMT March 11, 2014
January 2014 U.S. Wholesale Inventories
Reply   



NEWS ALERT
+0.60% vs. +0.50% exp. vs. +0.30% (r ) prev.


TTN: Live News Special Offer


Direct links to primary data sources

Paris ib 13:56 GMT March 11, 2014
Libya, Ukraine and the USD

or Gold !!!

I feel like we are boxing shadows here. There is the "news" and then there is the murky underbelly which we can only guess at. Makes it hard. Still feel we are being fed a pack of lies (and the paranoid alternative commentators only make it worse - they have no idea.... the U.S. is going to be invaded by foreign mercenaries who take away their guns - I mean please).

Why is the S n P taking a hit (after its little run up)? Anyone know?

jkt abel 13:53 GMT March 11, 2014
Libya, Ukraine and the USD

yes buy gold and sell usd when the sanctions imposed, that is the only play

HK [email protected] 13:53 GMT March 11, 2014
Sanctions.
Reply   



European Union is set to impose sanctions on Russia starting March 17, Poland's PM Tusk says - @Reuters

Mtl JP 13:47 GMT March 11, 2014
Libya, Ukraine and the USD

headline: "Sanctions on Russia could come this week, France says"
-
suggest to keep an eye out for the Russian to demand payment for its gas and crude oil in either Rubles or .... Gold.

Livingston nh 12:54 GMT March 11, 2014
Your Best Trade Today

JP - cable 21 sma wkly and 89ema daily are both ~1.64 - both supportive since mid summer blastoff (shrtrm charts are shambolic) // still watching for the treasury/gilt crossover yield

nw kw 12:52 GMT March 11, 2014
Your Best Trade Today

decision where a rate hike is widely expected, its needed but won't do it

GVI Forex 12:47 GMT March 11, 2014
U.K. Trade data due Wednesday
Reply   
The Office for National Statistics has delayed the release of U.K. January trade data to Friday, March 14 from Wednesday, March 12.

GVI Forex Jay Meisler 12:36 GMT March 11, 2014
Your Best Trade Today

John, add in the RBNZ rate decision where a rate hike is widely expected - note NZDUSD chart as it has been priced in.

Mtl JP 12:33 GMT March 11, 2014
Your Best Trade Today

GBP starting to look directional vs 10 & 20 dmas

GVI Forex Jay Meisler 12:27 GMT March 11, 2014
Your Best Trade Today

John, excellent point. market is like a news junkie, including many algos

GVI Forex john 12:12 GMT March 11, 2014
Your Best Trade Today
Reply   
I'm struggling for direction today and I believe the markets are as well. There is little doubt that the markets trade better when the are anticipating or reacting to a news event of some kind. There is not much scheduled for today or tomorrow. Thursday will see key Australian Jobs data and U.S. Retail Sales. Then on Friday, the preliminary University of Michigan Sentiment Survey for March will be released.

Looking a little bit ahead, Wednesday a week from now will see a Fed policy decision plus the first press conference with Janet Yellen. At this point in time, there is no a lot of speculation about that meeting.

Amman wfakhoury 11:52 GMT March 11, 2014
GBPUSD 16611 confirmed

Amman wfakhoury 11:54 GMT 03/10/2014
16611 confirmed will be reached ...any rise above 16656 will return to it.
-------------------
16611 reached

GVI Forex john 11:45 GMT March 11, 2014
NFA Proposal to Impose Capital Requirements on CTAs and CPO's
Reply   

The NFA is floating a proposal to impose capital requirements on CTAs and CPOs. While I feel that the NFA has the best of intentions, the net impact of this proposal would be to drive fledgling fund managers out of business. Imposing capital requirements would only increase the cost of doing business because presumably those funds would have to be maintained at some level and thus not be available for operating expenses as proposed.

I feel the net result of this proposal would be to drive new and small entrants out of business and would have no impact on fraudulent operators who have been operating illegally outside of the limits of the law.

NFA Proposal to Impose Capital Requirements on CTAs and CPO's

Syd sf 11:26 GMT March 11, 2014
-

to keep the equity markets afloat at these ridiculous levels - then $yen is going to have to go to 103.80/104 level tomorrow

I just can't see how they can be constantly supported up here without some movement to back them up.

Syd sf 11:19 GMT March 11, 2014
-

my bot wants to buy back euryen ard 70-75 - audyen total failure to move down so will cover both at same time...... if we form a nice euryen base today - we can test 144.00 tomorrow.

probably go long nzdyen as well.

crude should drop but if it does an audyen and go sideways - well thats the zero sum aspect of trading for you.

bali sja 11:10 GMT March 11, 2014
-

agree red, buying zone for euro is approaching, get ready to buy gentlemen

Paris ib 10:44 GMT March 11, 2014
Crimea and the New Jihad

The good old boys also seem to think they can take Jihad to China, or at least Murdoch does:

Rupert Murdoch ✔ @rupertmurdoch
Follow

777crash confirms jihadists turning to make trouble for China. Chance for US to make common cause, befriend China while Russia bullies.


Jihad everywhere!! Crimea, Syria..... well it all started with Jihad.

GVI Forex Blog 10:17 GMT March 11, 2014
Global Markets News
Reply   
Focus was on the JPY currency as participants argued that the BoJ would have to eventually do more to support the economy once the sales tax increase was implemented next month. The last time VAT was hiked back in 1997 sent the Japanese economy into a tailspin.

TradeTheNews.com EU Market Update: Econ Fin Min meeting gets underway, Japan defers additional easing, to focus on tax cut

london red 10:11 GMT March 11, 2014
-
Reply   
meanwhile, euro pressured through friday low, next support at 13825/30 followed by the figure, then 13786. Below 13775 looking at sharp falls but chances are slim given market positioning which is at best neutral/slight short bias.
Cable on the otherhand is widely held but today is benefiting from an overbought eurgbp, so support of 16605, 16590 support lead to a bounce. nees to overcome 16650 to stabilise.

Paris ib 10:06 GMT March 11, 2014
Libya, Ukraine and the USD

Joe... I'm sitting here watching this. German and U.K. stocks look like they have already tipped over. The U.S. stock market seems to be feeding off the fantasy that the FED can turn the QE tap back on if economic conditions worsen - without an implosion in the USD (I think they might have trouble with that).... the next couple of FOMC meetings and the U.S. bond market need watching. Everything else looks like smoke and mirrors to me.

I do wonder what the longer term outlook is though... where does that leave all of us? I mean apart from a few pips here and there.

Cambridge Joe 10:01 GMT March 11, 2014
Libya, Ukraine and the USD

ib I thought that you of all people would recognise a Monopoly board being kicked over.

The manure and the fan have an unavoidable attraction and there was never a better time to brace up ! :-)

NY Bob 10:00 GMT March 11, 2014
9 self-created rules in order to stray positive

it would be great if i get your email id :)

GVI Forex Blog 09:57 GMT March 11, 2014
Markets in Search of a Trading Theme. Slow News Data Week
Reply   
HIGH IMPACT NEWS ITEMS: No Major Data

Markets look to be in a mild risk-off posture today based on equities. They are still potentially sensitive to any Ukraine developments. Most feel the "independence" vote of Crimea from Ukraine will pass overwhelmingly because it is in the self interest of Russia to retain its military control over its southern ports.

Markets in Search of a Trading Theme. Slow News Data Week

Paris ib 09:55 GMT March 11, 2014
Libya, Ukraine and the USD
Reply   
While you all do happy clappy and think positive thoughts here is a slightly less positive outlook on current geo political events.

Dollar Reset

Cambridge Joe 09:55 GMT March 11, 2014
9 self-created rules in order to stray positive

John / Jay please forward my email to Bob.

Bob, if you would like to expand the conversation, be in touch by email.

Joe

NY Bob 09:41 GMT March 11, 2014
9 self-created rules in order to stray positive

good idea.....

can this be added to the blog ?

looking for more and more relaxing rules

self rules

Paris ib 09:37 GMT March 11, 2014
Crimea and the New Jihad
Reply   
Crimea.... Neo-Nazis and talk of the Saudis moving the Jihadis from Syria to Crimea.

Risk off continues.

Ukraine and the New Jihad

GVI Forex john 09:35 GMT March 11, 2014
Fixed Income Snapshot
Reply   
Early in European trading hours, financial markets are generally mixed. There is not a lot to go on at the moment. Data news is back-loaded this week. Prices in prime fixed income markets are narrowly mixed.

European equities are mixed. Far East equities ended sharply mixed. U.s. S&P futures are steady at this hour. The peripheral European bond prices are mixed.

GVI Forex john 09:34 GMT March 11, 2014
January 2014 UK Industrial & Manufacturing Output
Reply   




-- ALERT --

Ind mm: +0.10% vs. +0.20% exp. vs. +0.40% (+0.50%) prev.
Ind yy: +2.90% vs. +2.90% exp. vs. +1.80% (+1.90%) prev.

Mfg mm: +0.40% vs. +0.30% exp. vs. 0.30% (+0.40%) prev.
Mfg yy: +3.30% vs. +3.30% exp. vs. +1.50% (+1.40%) prev.


TTN: Live News Special Offer


Direct links to primary data sources

Paris ib 09:31 GMT March 11, 2014
The Criminals are in charge

Indeed. Just let the Chinese or Japanese try to repatriate their money. There was this insane article in Forbes the other day explaining how they couldn't actually do that... and the argument was circular (and crazy).

“If China does not buy the next Treasury bill… someone else will buy it with dollars, because it can`t be purchased with anything else but dollars. If China sells a T-bill out of its portfolio… it can only sell it for dollars."

Title of this mad article? "So What If China Has $1.32 Trillion In U.S. Treasuries? It Still Can't Crash America's Economy"

But just try to get out that exit door.....

HK [email protected] 09:25 GMT March 11, 2014
The Criminals are in charge



money the Chinese and Japanese are holding in U.S. Treasuries?

WE PRINT AS MUCH AS YOU ORDER, CUT PERFECTLY TO YOUR SIZE AND DEMANDS .

Paris ib 09:22 GMT March 11, 2014
The Criminals are in charge

Trouble is the criminals have been in charge for a while and we are only just finding that out. It's gonna be interesting as this unravels.

HK [email protected] 09:22 GMT March 11, 2014
The Criminals are in charge



To prevent it from falling into the hands of the NeoNazis.

Paris ib 09:18 GMT March 11, 2014
The Criminals are in charge

Yeah but what about all that money the Chinese and Japanese are holding in U.S. Treasuries?

HK [email protected] 09:17 GMT March 11, 2014
The Criminals are in charge



BYEBYE GOLD.

Like Germany, they will never see their gold again:::)))

Paris ib 09:15 GMT March 11, 2014
The Criminals are in charge
Reply   
More murky business...

The Ukraine and Gold

This is why Beck got sacked from sky.

Gold, the Ukraine...

Cambridge Joe 08:58 GMT March 11, 2014
9 self-created rules in order to stray positive

Bob very good to see, thanks.

For myself, I would add an hour or two a day meditation, it has made the world of difference to and for me.

From the outset, it is unrewarding, difficult and has little to commend it. After the first while, which will depend on the condition of the individual, there is peace beyond measure.

It's free, permanent and only has to be sought for.

It is there. it can be found.

No question. :-))

HK [email protected] 08:40 GMT March 11, 2014
Ukraine may have to go nuclear, says Kiev lawmaker
Reply   


KIEV, Ukraine — Ukraine may have to arm itself with nuclear weapons if the United States and other world powers refuse to enforce a security pact that obligates them to reverse the Moscow-backed takeover of Crimea, a member of the Ukraine parliament told USA TODAY.

The United States, Great Britain and Russia agreed in a pact "to assure Ukraine's territorial integrity" in return for Ukraine giving up a nuclear arsenal it inherited from the Soviet Union after declaring independence in 1991, said Pavlo Rizanenko, a member of the Ukrainian parliament.

"We gave up nuclear weapons because of this agreement," said Rizanenko, a member of the Udar Party headed by Vitali Klitschko, a candidate for president. "Now there's a strong sentiment in Ukraine that we made a big mistake."

His statements come as Russia raised the possibility it may send its troops beyond the Crimean peninsula on the Black Sea into the eastern half of Ukraine.

LINK

Hong Kong AceTrader 07:45 GMT March 11, 2014
AceTrader March 11: Daily Outlook on Asian Exotic – USD/KRW
Reply   
DAILY USD/KRW OUTLOOK - 1063.5
11 Mar 2014 05:38GMT

Despite US Dollar's rebound from 1060.2 (Fri) to 1067.1
yesterday, intra-day stronger-than-expected retreat to
1063.5 suggests choppy sideways move would continue.

Stand aside as price is expected to gyrate inside
indicated range of 1058.2-1078.3 for now.


STRATEGY : Stand aside

RES : 1067.6/1070.0/1073.0

SUP : 1063.5/1061.5/1060.2

Kam JCS 07:08 GMT March 11, 2014
Asia

tks for info

Syd sf 07:04 GMT March 11, 2014
Asia

It was short at 102.74 long at 100.95 and reversed short at 101.20

or more precisely my auto-trader was .. I just sit and watch these days ... most days the only interesting things are Stocks.

Gl

Kam JCS 06:57 GMT March 11, 2014
Asia

Keep selling
It keeps going up

Kam JCS 06:55 GMT March 11, 2014
Asia

SYD sf
Oil

Kam JCS 06:54 GMT March 11, 2014
Asia

sydsf
how high before it drops???

GVI Forex Blog 05:55 GMT March 11, 2014 Reply   
- (JP) BANK OF JAPAN (BOJ) POLICY STATEMENT: REITERATES TO INCREASE MONETARY BASE AT ANNUAL PACE OF Ą60-70T (AS EXPECTED); Maintains overall economic assessment unchanged (7th consecutive meeting); Ra

TradeTheNews.com Asian Market Update: BOJ defers on further easing ahead of sales tax increase, raises assessment on CapEx and Output, cuts Exports - Source TradeTheNews.com

NY Bob 05:14 GMT March 11, 2014
9 self-created rules in order to stray positive
Reply   
Your comments please...

self rules

Syd sf 04:16 GMT March 11, 2014
Asia

I'm short euryen audyen and oil

will buy eurusd in low 1.38 and just hold it... as you suggest.

ntg from BOJ -- and PBOC is going to suck the life out of this market later on... they are taking speculators out of the market by making it more expensive for them.

jkt abel 04:08 GMT March 11, 2014
Asia

Syd sf, just sell usd IMO then you will be fine after the dust settles

GVI Forex Blog 03:56 GMT March 11, 2014 Reply   
Nearly all the markets are trading flat as the Bank of Japan

Morning Briefing : 11-Mar-2014 -0354 GMT

Shanghai 02:52 GMT March 11, 2014
Copper Premiums May Bottom Out at $100 as Yuan Two-way Trading Curbs Financing Demand
Reply   
SHANGHAI, Mar. 10 (SMM) – Spot premiums for imported copper may bottom out at $100 per tonne in China as importing losses enlarged further and a more two-way trading policy for Chinese yuan curbed financing demand.

Yangshan copper premiums, published by Shanghai Metals Market daily, slipped to $125-140 per tonne as of Friday, Mar. 7, from an average of $170 per tonne in mid February when they started sliding.

London-Shanghai price arbitrage continued to weaken, to the weakest since May 2012, despite sharp falls in London Metal Exchange’s copper prices last week.

``It is indeed rare to see the LME price, the arb ratio and import premiums fall simultaneously,’’ a trader at a Chinese leading trade house said, ``No doubt about the extreme weakness in the domestic copper market!’’

Loss of importing each tonne of copper nearly doubled to between 3,000-3,5000 yuan ($490-571) per tonne at present, from a loss of around 1,800 yuan at the year’s start, according to SMM data.

The yuan's dramatic fall in late February added to financing-deal makers nervousness about China's slowing economy and an increasingly risky shadow banking system.

Demand for copper financing deals subsided after China’s State Administration of Foreign Exchange (SAFE) announced an investigation into currency speculation disguised as trade finance in early December, SMM reported then.

Should Yangshan copper premiums reach around $100 per tonne, room for further drop would be limited, according to SMM’s research team, as the cost of delivery from LME warehouses in Johor, Malaysia to Shanghai is around $140 per tonne.

Shanghai Metals Market

Hong Kong AceTrader 01:51 GMT March 11, 2014
AceTrader March 11: Dollar trades mixed against other major currencies on Monday
Reply   
Market Review - 10/03/2014 22:57GMT

Dollar trades mixed against other major currencies on Monday

The greenback traded mixed versus other major rivals on Monday as poor Chinese trade data and downbeat economic reports from Japan weighed on sentiment.

Data released over the weekend showed that exports from China fell 18.1% on a year-over-year basis in February, confounding expectations for a 7.5% increase, following a rise of 10.6% in January. A separate report on Monday showed that Japan posted record current account deficit of 1.589 trillion yen in January and fourth quarter growth was revised down.

Versus the Japanese yen, although the greenback opened sharply lower on Monday to 102.83 in New Zealand morning from Friday's New York close near 103.25, renewed buying quickly emerged and lifted the pair higher to 103.30 at Asian open. However, dollar retreated again to 102.98 in Tokyo morning, weighed down by the release of weaker-than-expected Japan GDP data together with the decline in Nikkei-225 index and then further to 102.94 in European morning before rebounding to 103.40 due partly to cross-selling in yen. Later, dollar chopped inside 102.83-103.41 for rest of the New York session, ended around 103.27 near New York closing.

Japan's economy grew 0.2% in the final three months of 2013, in line with market expectation. On a year-over-year basis, the economy expanded by 0.7%, compared to an initial estimate of 0.9%.

The single currency found renewed buying at 1.3869 in New Zealand and strengthened to 1.3892 in early Asia. Price later rose marginally higher to 1.3897 in European morning, near last Friday's fresh 2-1/4 year peak at 1.3915, but broad-based rebound in greenback pressured euro to 1.3868 ahead of New York open in part due to risk aversion on falling major shares markets. Later, the single currency dropped further to 1.3662 in New York afternoon before trading narrowly.

The British pound tumbled against euro and U.S. dollar on Monday as unexpectedly weak trade data from China prompted concerns over the outlook for the global economic recovery. Cable retreated versus dollar after meeting renewed selling at 1.6745 in New Zealand and then dropped below Friday's low at 1.6706 to 1.6683 in European morning. The pair fell further to 1.6625 and then 1.6622 in New York morning after comments from BoE's Bean before stabilising.

In U.K., Bank of England Deputy Governor Charles Bean said 'Further sterling strength "would not be particular helpful" for U.K. exports; advises against "getting too hung up on precise date at which bank rate first rises"; likely to learn a lot about recovery between now and spring 2015 when market prices in rate hike; there is more scope for housing investment to continue driving growth; BoE keeping a "beady eye" on housing market, in case low housing supply and high mortgage lending creates risks; reasonable grounds to expect business investment to take over from household demand as driver of U.K. recovery; reasonable to believable U.K. to pre-crisis productivity growth, uncertain when; most obvious risk to U.K. recovery is euro zero clearly concerns about emerging markets; main domestic risk to U.K. recovery is that it runs out of steam, and possibility that housing market becomes over-exuberant; Scottish independence could at minimum create a period of uncertainty; important review of banks in euro zone is conducted well, in a way that enhances confidence; current level of sterling fine if it stays where it is; if sterling appreciates further, lower inflation pressures may keep policy looser for longer.'

ECB policymaker Christian Noyer said on Monday 'monetary policy should remark active because persistent low inflation threatens price stability; there are "permanent and deep forces" pushing inflation down at both the euro area and global level; there is no deflation in euro area today, inflation expectation are firmly anchored in positive territory; money market yield curve needs to remain lows; shrinking of ECB balance sheet "not a problem"; euro zone banks can always draw more liquidity.'

Chicago Fed President Charles Evans told reporters at Columbus State University that 'the Federal Reserve should revamp its so-called forward guidance by reinforcing that interest rates will stay low for "quite some time" and that much will depend on continued improvement in the labor market.' Evans said "It ought to be something that captures well the fact that (rates are) going to continue to be low well past the time that we change the language; Tick through the different labor market indicators: payroll employment, unemployment, labor force, vacancies, job openings and things like that; we somehow want to capture that general improvement in labor market indicators, but that is hard." Evans added "we're going to have accommodation for really quite some time."


Data to be released on Tuesday:

Australia NAB business confidence, NAB business conditions, Japan rate decision, Germany trade balance, exports, imports, current account, Italy GDP, U.K. sales like-for-like, industrial production, manufacturing production, U.S. wholesale inventories and wholesale trade sal

Syd sf 01:49 GMT March 11, 2014
Asia

alot of things from the PBOC this morning

I just don't understand all the implications to be honest.

tokyo ginko 01:20 GMT March 11, 2014
good morning from tokyo

orders keyed in @ 104.20/30 GT!

 




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GVI Trading. Potential Price Risk Scale
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Mon 27 May 2019
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