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 03/20/2014

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


GVI Forex john 22:06 GMT March 20, 2014
Calendar -- Daily Forex Data News



March 20, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, March 21. Updated: Trading News Events Calendar

HIGH IMPACT NEWS RELEASES: EZ- Consumer Confidence, CA- Retail Sales, CPI.

  • Far East: No Major Data.
  • Europe: EZ- Consumer Confidence.
  • North America: CA- Retail Sales, CPI, US- COT Report.


Syd sf 22:05 GMT March 20, 2014
Asia
Reply   
Funny back to the exact prices where we sold aud and bought $cad yesterday at this time.

Stocks higher -- Gold was higher but faded at end of NYK

so that's the key here as to what to do - if Gold gets a bid in Asia .. then we could see audyen trade 40-90 50-00 but if
Gold fades away then it will lower the range to 25/75

$yen on its own 25/65 28/62 35/75 .. feel little more positive today because its going to be harder to sell the Nikkei .... pretty clear if I'm wrong any break of 20 - wud push to 101.80.... all the best today.

Cambridge Joe 21:59 GMT March 20, 2014
feet of clay...
Reply   
So slow and quiet...... So, usdx looks to firm some into Asia, but IMO still has an outstanding appointment with gravity, possibly mid Asia.

Oil being a pain in the butt.... sl set so as to absorb earlier luck, if it has to be so.

good luck and good night.

HK [email protected] 21:52 GMT March 20, 2014
The Serpent instigator Soros and Angela in the garden of Eden.
Reply   


1 Now Soros the serpent was more crafty than any of the wild animals the LORD God had made. He said to Merkel the woman: "Don't be afraid and begin sanctions and troubles with Russia now;Bite from the sanctions tree”. 2 The woman Merkel said to George the serpent, "We may cause a WWIII as God said not to bite from the sanctions tree" 3 No! said Soros the serpent:” Angela dear; This is an opportunity for you chancellor to emerge as the leader of a united Europe, not just a chancellor preoccupied with the national interests of Germany.”

dc CB 20:34 GMT March 20, 2014
US Drought Outlook
Reply   
Spring outlook

NOAA drought outlook

GVI Forex john 19:47 GMT March 20, 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 19:26 GMT March 20, 2014
February 2014 U.S. Existing Homes Sales (mln)

NAR President Steve Brown, co-owner of Irongate, Inc., Realtors in Dayton, Ohio, said student debt appears to be a factor in the weak level of first-time buyers. "The biggest problems for first-time buyers are tight credit and limited inventory in the lower price ranges," he said. "However, 20 percent of buyers under the age of 33, the prime group of first-time buyers, delayed their purchase because of outstanding debt. In our recent consumer survey, 56 percent of younger buyers who took longer to save for a downpayment identified student debt as the biggest obstacle."

Brown notes the survey results are for recent homebuyers. "It’s clear there are other people who would like to buy a home that are not in the market because of debt issues, so we can expect a lingering impact of delayed home buying," Brown added.

Stick A Fork In The "Housing Recovery" (Spoiler Alert: Blame Record Student Debt)

GVI Forex john 19:13 GMT March 20, 2014
Chart Points -- Trading Points
Reply   
Pre-Closing Trading Points...
many more chart points
About Moving Averages
About Bollinger Bands


Cambridge Joe 19:06 GMT March 20, 2014
Oil

Lost connection to the forum but grabbed 70c on oil. now about to re-long. Slightly early @ 98.76. perhaps 19:17 GMT could be smoother . GL

dc CB 18:50 GMT March 20, 2014
February 2014 U.S. Existing Homes Sales (mln)

FWIW
in anticipation of warmer Spring weather, in my area Maryland NW of Balt and DC, the only thing that's sprouting, unlike the yet to be seen crocusses, are For Sale signs. Many of them on homes that were bought in the mid 2000s....at the peak of Prices.

IMHO, the "recovery" to many is viewed as "finally a chance to get out from under".

GVI Forex Blog 18:43 GMT March 20, 2014
Markets Adjust to a Faster Fed Timeline for Policy Normalization
Reply   
HIGH IMPACT NEWS ITEMS: EZ- Consumer Confidence, CA- Retail Sales, CPI

Thursday saw the markets adjusting to comments made by Fed chair Yellen at her press conference Wednesday after the FOMC. We saw her providing the current most likely likely time line for the start of a normalization of U.S. monetary policy. Her tentative schedule was faster than the markets were expecting. She suggested a tightening in the Spring of 2015, depending on future data. By the end of the day in the U.S. equity markets were up strongly on the day.

Markets Adjust to a Faster Fed Timeline for Policy Normalization

Cambridge Joe 16:48 GMT March 20, 2014
Oil

Yesss Oil ! thank you. Entry covered... Fire & Forget ! :-)

Indonesia-Solo Raden Mas 16:37 GMT March 20, 2014
Start Trending Point (STP), 23.37 Jakarta Time
Reply   


STP profit makers

GVI Forex john 16:33 GMT March 20, 2014
Fixed Income Snapshot

Looks like equities are starting to shake off the Yellen comments from yesterday. Its logical to assume the Fed would not be tightening if they did not feel the economy was improving. A modest Fed tightening is a positive Fed signal on the economy.

GVI Forex john 16:30 GMT March 20, 2014
Fixed Income Snapshot

Late in European trade, prices fixed income markets remain lower on the day after Yellen gave the Fed policy tightening timeline. European equities are mostly lower. The peripheral European bond prices are lower.

U.S. equities are higher. The U.S. 10-yr was last at 2.77%, +2bp.


Cambridge Joe 16:23 GMT March 20, 2014
Oil
Reply   
Oil taking a shot long @ 98.29. next short while should see some lift ! IMO. GL

Belgrade TD 16:13 GMT March 20, 2014
Ukraine

only Israel can make some censored with Iran ... everything else is empty talk

GVI Forex Blog 16:09 GMT March 20, 2014 Reply   
March 20, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, March 21. Updated: Trading News Events Calendar HIGH IMPACT NEWS RELEASES: EZ- Consumer Confidence, CA- Retail Sales, CPI

GVI Forex Data Outlook for March 21, 2014

GVI Forex john 16:04 GMT March 20, 2014
Calendar -- Daily Forex Data News
Reply   


March 20, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, March 21. Updated: Trading News Events Calendar

HIGH IMPACT NEWS RELEASES: EZ- Consumer Confidence, CA- Retail Sales, CPI

  • Far East: No Major Data.
  • Europe: EZ- Consumer Confidence.
  • North America: CA- Retail Sales, CPI, US- COT Report.


NY JM 15:57 GMT March 20, 2014
Ukraine

Stocks so far not blinking at the Chilly War heating up

Mtl JP 15:51 GMT March 20, 2014
Ukraine

maybe all the "bannees" will start to wear badges of honor next and parade around like peacocks

as long as the tit-4-tat stays at that level , with the exception of those subjected to IMF's "help" the rest of us should be ok

GVI Forex 15:41 GMT March 20, 2014
Ukraine

3/20/2014 11:36:33 AM
(US) Russia retaliates with sanctions upon US Govt officials, promises to respond to each hostile step taken by the US
- McCain, Reid, Boehner, and others among the US officials on the list

- Source TradeTheNews.com

Mtl JP 15:39 GMT March 20, 2014
Ukraine

buddy suggests how long this ukrainian thinggie keeps grabbing headline interest will probably be driven by Vlad's moves

HK [email protected] 15:38 GMT March 20, 2014
Ukraine



We are heading into an open rough sea, uncharted waters.

Welcome to the world of political madness:(

GVI Forex Blog 15:27 GMT March 20, 2014
Global Markets News
Reply   
The dollar has strengthened considerably post-FOMC. EUR/USD tested as low as 1.3750 before consolidating a bit, compared to 1.3920 before the decision.

TradeTheNews.com US Market Update: Welcome to Yellen's World

Mtl JP 15:22 GMT March 20, 2014
Ukraine

it is about President Obama's tuffness:
U.S. putting more costs on Russia
Putting sanctions on more Russian officials
Targeting other Russia citizens and a bank
Can now target Russia business sectors
Congress and IMF must act on Ukraine aid

Central Kwun 15:12 GMT March 20, 2014
Ukraine

no use to Russia

Amman wfakhoury 15:11 GMT March 20, 2014
GBPUSD 16462 confirmed
Reply   
16462 confirmed will be reached any rise above 16507 will return to it.

HK [email protected] 15:09 GMT March 20, 2014
He will say!!!



Additional sanctions hehehe

GVI Forex Jay Meisler 15:07 GMT March 20, 2014
Ukraine

Obama announcing more sanctions on senior Russian officials and one bank.

Threatening sanctions against key sectors of the Russian economy if the Ukraine situation escalates.

Amman wfakhoury 15:07 GMT March 20, 2014
EURJPY 140.70 confirmed
Reply   
140.70 confirmed and will be reached any rise above 141.19 will return to it

Amman wfakhoury 15:05 GMT March 20, 2014
GBPJPY 168.45 confirmed
Reply   
168.45 confirmed and will be reached any rise above 169.20 will return to it.

GVI Forex Jay Meisler 14:48 GMT March 20, 2014
Euro

Currently unchanged (1.3774) for the year-to-date

london red 14:43 GMT March 20, 2014
Your Best Trade Today

JP, 40/50 aligns a bunch of mumbo jumbo the type of cloud etc that i dont rate but know a lot follow which means i have to note the levels. It kept the pair honest yest on closing basis and thus far today. As you say significant business done at those levels.

HK [email protected] 14:42 GMT March 20, 2014
He will say!!!
Reply   


President Obama will deliver a statement on Ukraine at 11 am ET - @nbcnightlynews

HK [email protected] 14:39 GMT March 20, 2014
Daily Stoch. horrible, +possible weekly key-reversal...
Reply   


But seems gold will move within days or weeks to May 3 2013 HI.

OR: about 1490.

Maybe someone will go mad(politicians) within this weekend.

Only the chart can tell about such a possibility.hehehe

GVI Forex Jay Meisler 14:33 GMT March 20, 2014
Please Participate - Forex and Global Markets Survey
Reply   
We are preparing our 2nd quarter Forex and Global Markets Survey and are looking forward to your participation.

Please send me an EMAIL so we can put you on our list for when we send out the survey questions.

HK [email protected] 14:31 GMT March 20, 2014
February 2014 U.S. Existing Homes Sales (mln)



Mr. Kwun...Follow the TECH...C&H baby.(Valid until this time).

GVI Forex john 14:30 GMT March 20, 2014
WEEKLY- US Natural Gas (bcf)
Reply   



ALERT
-48 vs. -100 exp vs. -195 prev.

TTN: Live News Special Offer


Direct links to primary data sources

Mtl JP 14:30 GMT March 20, 2014
Your Best Trade Today

an observation:
usdyen hit 102.50 ... BUT the spread just at that moment went nearly 3x as wide as few moments before 102.5x got hit.
fwiw

GVI Forex Jay Meisler 14:24 GMT March 20, 2014
February 2014 U.S. Existing Homes Sales (mln)

Just making sure - you are always welcome to post on this side

Central Kwun 14:22 GMT March 20, 2014
February 2014 U.S. Existing Homes Sales (mln)

not posting order, just ask question

GVI Forex Jay Meisler 14:20 GMT March 20, 2014
Ukraine
Reply   
Obama to issue statement on Ukraine at 15:00 GMT

GVI Forex Jay Meisler 14:14 GMT March 20, 2014
February 2014 U.S. Existing Homes Sales (mln)

Kwun, why are you still posting gold here?

Central Kwun 14:12 GMT March 20, 2014
February 2014 U.S. Existing Homes Sales (mln)

Sell Gold
Entry: Target: Stop:

hi john, data is good, but why gold rises too? USD not benefit on it?

GVI Forex john 14:10 GMT March 20, 2014
February 2014 U.S. Existing Homes Sales (mln)



Existing Homes Sales is by far the most significant housing statistic. Still a gloomy picture in line with Pending Homes Sales.


london red 14:08 GMT March 20, 2014
Euro

Euro low for day likely in place i would like it but diubt i get to reload at 60. Still can change as hour is young but low looks done. 79 fib still key. Fig at 1.38 would be significant save.

london red 14:05 GMT March 20, 2014
Euro

Scrubbed at 41 since euro spikes back up to support at 57 long tail on hourly possible.

HK [email protected] 14:05 GMT March 20, 2014
Seems still valid to this time.
Reply   


AUD Bullish.
HK [email protected] 07:59 GMT 03/20/2014
Buy AUDUSD
Entry: NOW Target: 0.9170 Stop: Yours

london red 14:02 GMT March 20, 2014
Euro

Sold 8345 stop above 38.2 of c. 8400 fall. Target 33 and 26 supports.

GVI Forex john 14:01 GMT March 20, 2014
February 2014 U.S. Existing Homes Sales (mln)
Reply   



NEWS ALERT
4.600 vs. 4.620 exp. vs. 4.620 prev.


TTN: Live News Special Offer


Direct links to primary data sources


GVI Forex john 14:01 GMT March 20, 2014
U.S. February 2014 Leading Indicators
Reply   



NEWS ALERT
+0.50% vs. +0.20% exp. vs. +0.30% (r 0.10%) prev.


TTN: Live News Special Offer


Direct links to primary data sources

GVI Forex john 14:00 GMT March 20, 2014
March 2014 U.S. Philly Fed Index
Reply   



NEWS ALERT
+9.0 vs. +4.0 exp. vs. -6.3 prev.


TTN: Live News Special Offer


Direct links to primary data sources

london red 13:53 GMT March 20, 2014
Euro

JP got out ahead of 50 as its 10 day ma and close below seen as bearish so likely to get it given euro hasnt bounced. Think both need get saved or none. So if euro below trendline at fig then eurgbp below 8350. So thats the trade if selling stop above 55?

Livingston nh 13:47 GMT March 20, 2014
Will There Be Damage Control?

Yields are steady to softer - Yellen getting the benefit of the doubt ?? // as an aside, stress test results from Fed today into quarterly witching expiration

Mtl JP 13:46 GMT March 20, 2014
Euro

red I am looking at eurgbp for a short signal
u watching this pair ? tia

london red 13:40 GMT March 20, 2014
Euro

Taken one off here stop raised to evens on second. If fails to take fib will test sup at 57 hence raise.

Mtl JP 13:27 GMT March 20, 2014
Will There Be Damage Control?

more essplenation smoke signals from Hilsenrath
How long is six months, really? - wsj

FED to raise rates in April... on condition that a lot of good data comes in.
--
Bottom Line
the "R" on market transmission of printed fiat is not for Racing... more likely Reverse

london red 13:20 GMT March 20, 2014
Euro

Long again 60 tight stop below sup. looking for 79 fib poss fig if overcome.

Mtl JP 13:02 GMT March 20, 2014
Will There Be Damage Control?

Yellen debut rattles markets - Hilsenrath in WSJ

..."We will try as hard as we can not to be a source of instability here," Ms. Yellen said

Auckland Usman 13:01 GMT March 20, 2014 Reply   


Sell CALENDAR
Entry: 1370 Target: 1320 Stop: 1390

Gold on Wednesday slumped more than $30 an ounce following the Federal Reserve’s decision to reduce the Quantitative Easing (QE) and Yellen’s remarks on the first rate hike. The precious metal gave the yesterday closing below the 61.8% fib level as well as the channel support of the daily upward slope.

Technical Analysis

The yellow metal is being traded around $1331 an ounce at 2:45 GMT in Asia. Resistance may be noted near $1337 that is the confluence of 61.8% fib level and channel support turned resistance. A break and daily closing above the old channel could push the metal again into bullish momentum, opening doors for $1373 and then the $1400 milestone.

On the downside, the metal is expected to find support around $1307 an ounce that is the 50% fib level and then $1300 that is the 200 Daily Moving Average (DMA) and the psychological level. A daily closing below the $1300 handle might be targeting $1278 which is the confluence of 100 DMA and 38.2% fib level.

Fed Tapering

Fed yesterday kept the benchmark interest rate unchanged at 0.25% but reduced the monthly asset purchase program by $10 billion to $55 billion, a sign that the economy is growing steadily without the stimulus. It is pertinent that the minutes from the Fed January meeting showed the policymakers were planning to scrap the entire QE by the end of October this year through successive tapering.

First Rate Hike

Fed chair Janet Yellen yesterday said the central bank could increase the interest rate as soon as the next six months, the remarks which were totally surprising and against the Fed forward guidance stance. Commodities, currencies and bonds fell sharply after the Yellen remarks. The same trend is likely to continue today or may be even throughout the next week.

********

Prepared by Usman Ahmed, Chief Currency Strategist

GVI Forex Jay Meisler 12:50 GMT March 20, 2014
Will There Be Damage Control?

This article asks the same question:

Why Markets Trade on Expectations

GVI Forex john 12:42 GMT March 20, 2014
U.S. Weekly Jobless Claims

Press Release

Weekly Jobless claims seem to confirm improved data from a week ago.





Click on chart for ten-year history




GVI Forex john 12:30 GMT March 20, 2014
U.S. Weekly Jobless Claims





ALERT
Initial Claims (000)
320K vs. 325K exp. vs. 315K (r. K) prev.
Continued Claims (mln)
2.889 vs. 2.868 exp. vs. 2.855 (r.2.848) prev.



TTN: Live News Special Offer

Direct links to primary data sources

GVI Forex john 12:23 GMT March 20, 2014
Your Best Trade Today

Expect closer scrutiny of Weekly Jobless Claims data from today onward.

GVI Forex john 12:15 GMT March 20, 2014
Your Best Trade Today

USDJPY and S&P futures back in line. USDJPY held steady while S&P futures are of their lows.

Livingston nh 12:06 GMT March 20, 2014
Your Best Trade Today

1. JP - the silly escalation step by step (red lines again?) always fails in every social, financial or military context -- from the US point of view a regime of sanction tests the patience of many with the US application of extra territorial application (I thought the Swiss would have put an end to the silliness BUT..) -- the loss of Russian business is a measurable risk to US companies but the loss of US enforcement is an unmeasurable risk to the US gov't

2. Yellen's transparency creds would be greatly enhanced and tea leaf readers unemployed if the FOMC published Transcripts instead of Minutes

GVI Forex john 12:02 GMT March 20, 2014
U.S. Weekly Jobless Claims
Reply   

HEADS-UP: Data (forum top)
EURUSD= 1.3770
GBPUSD= 1.6515
USDJPY= 102.40

US 10-yr= 2.75%
DE 10-yr= 1.65%
UK 10-yr= 2.77%
(Manually refresh forum to update Calendar)

Direct links to primary data sources

GVI Forex john 11:56 GMT March 20, 2014
Your Best Trade Today

JM- On this we can agree to disagree. I don't think this sort of future policy guidance would be put in the statement. This was a gentle warning that extraordinary ease is not going to go on forever.

Mtl JP 11:53 GMT March 20, 2014
Your Best Trade Today

nh yesty 100 business "leaders" - they have businesses in Russia - met w/0 around the roundtable. no result of the meeting was made public

NY JM 11:45 GMT March 20, 2014
Your Best Trade Today

JP, I think she did not intend to send a signal as if this was the case, it would have come out in the statement.

What I don't know is whether there will be damage control although that is a risk.

Livingston nh 11:45 GMT March 20, 2014
Your Best Trade Today

The Bond Lady is starting to warm up (again!) so maybe this protracted Fed episode comes to an end - BUT for today see if Merkel's EU puts together a sanction package that is painful for the members as well Russia -- the market will start to assess financial risk of the economic basket case that is Ukraine

10 yr Treasury yields are still subject to flight to quality pressures from Ukraine and elsewhere

Mtl JP 11:43 GMT March 20, 2014
Your Best Trade Today

john that sounds like a bet then !
and that the FED is less dovish than ECB or the BoJ
on relative basis

how does the FED fit against the BoE ? - tia

GVI Forex Jay Meisler 11:42 GMT March 20, 2014
Reality Check
Reply   
EURUSD is currently -7 pips vs, 2013 (1.3774) close.

GVI Forex john 11:39 GMT March 20, 2014
Your Best Trade Today

JP- Personally, I don't see any "damage" to control. I think the Fed Board is increasingly worried about the long-term risks of all the money they have been printing.

Syd sf 11:37 GMT March 20, 2014
Your Best Trade Today

London / NYK like to buy $yen on rising rates

but in Asia we sell $yen on weak stocks .. so you have 2 dynamics at play there.

but also weak Gold = weak $yen crosses .. so even though $yen made a new daily high - crosses still lower.

as I said to SFX before - you got to take each Asian session separately.

we have to wait for these sessions to play out - but Gold making new low .. would mean sell audusd and buy $cad in Asia again tomorrow... assuming this theme keeps playing out.

Indonesia-Solo Raden Mas 11:35 GMT March 20, 2014
Reality of STP signal
Reply   


amazing signal
if you want to know how did look for its signal please call me through Mr. Jay.
Thanks to Mr. Jay in help if any,

Mtl JP 11:29 GMT March 20, 2014
Your Best Trade Today

john 11:17 - If "they" come out with damage control ... it will mean that the unabashed money printing has created way more problems - so they decided to "taper" it back - but the system is addicted to the 'free money' . An attempt at damage control can be considered as an attempt at not letting things get away from "them".

GVI Forex john 11:22 GMT March 20, 2014
Your Best Trade Today

At this hour, the USDJPY and S&P futures are diverging, It seems to me that if the Fed is moving onto a normalization path for policy, it would be because the economy is finally starting to recover. I don't see how better growth with low inflation would not be positive for stocks?

Trading Scenarios?

GVI Forex john 11:17 GMT March 20, 2014
Your Best Trade Today
Reply   
I have to admit, I was blindsided by Yellen yesterday announcing the apparent Fed timeline for the start of a normalization of monetary policy. If there wa a gaffe it was only in announcing the timeline. I notice in watching her that she paused and carefully selected her words. I guess we all were expecting U.S. rates to remain at zero forever?

Obviously the tightening will be data-dependent. Expect the focus of the markets will be on U.S, employment and inflation data over the next year or so. The first hurdle will be if U.S. jobs data in the first two months were adversely-impacted by the weather. That timeline could change if the economy is not improving. I indicated last weekend that I felt the global economy has been improving. Now we need a sustained improvement in the data to confirm it.

A rebounding U.S. economy WOULD be USD supportive. You can see that in the performance of the EUR since she made her comments.

london red 11:13 GMT March 20, 2014
Euro
Reply   
Change in momentum. Potential rebound. Support 50/57. Gone long just above with stop a handful under 50. Second at 13726 stop under 13695.
Eurgbp sees 8333/1.20

GVI Forex Jay Meisler 10:55 GMT March 20, 2014
Gold and silver analysis

Kwun (and others). Please post gold updates on the Gold Forum. TIA

Central Kwun 10:45 GMT March 20, 2014
Gold and silver analysis

Sell Gold
Entry: Target: Stop:

Sir, one of the hkab master in GVI still holding gold long at 1347, 1342, 1337, 1341, 1340, 1338.5, 1330... advice her cut loss?

Central Kwun 10:45 GMT March 20, 2014
Gold and silver analysis

Sell Gold
Entry: Target: Stop:

Sir, one of the hkab master in GVI still holding gold long at 1347, 1342, 1337, 1341, 1340, 1338.5, 1330... advice her cut loss?

Tallinn Mytrade Markets 10:28 GMT March 20, 2014
Gold and silver analysis



Today we will get a fresh stats on the initial and continuing jobless claims from US, as well as home sales and activity index from Philadelphia. Those numbers may have a great impact on the gold prices.
Today's strategy: Stay out of market



Recent results:

Gold fixing in London: $1338.00 down from $1355.75

Silver fixing: $20.75 down from $20.94

Platinum fixing: $1454.00 same as $1454.00 at the previous session

Palladium fixing in London: $768.00 up from $762.50

MyTrade Markets

Tallinn Mytrade Markets 10:28 GMT March 20, 2014
Gold and silver analysis
Reply   


Sell Gold
Entry: Target: Stop:

Gold prices continued their fall, showing it's weakness even before the big FOMc meeting yesterday.
Nevertheless, after the mentioned meeting gold increased the speed of it's downfall, since everything was against it. According to the expectations, QE3 program was cut by 10 billion USD. Also it was mentioned that recent poor economic data was a result of hard winter conditions. FOMC also changed the overall outlook on unemployment and other crucial data. Also there was vote to push the interest rates up by the end of 2015, 13 members voted for and 2 members against.


This FOMC meeting seems to break up the gold's uptrend. and if the strong data will continues to come from the US, we may see a pretty strong decline of gold prices in the future.

Indonesia-Solo Raden Mas 10:20 GMT March 20, 2014
Start Trending Point (STP), 17.19 Jakarta Time
Reply   


my last chart

Indonesia-Solo Raden Mas 10:16 GMT March 20, 2014
Start Trending Point (STP), 17.16 Jakarta Time
Reply   


update

Indonesia-Solo Raden Mas 10:15 GMT March 20, 2014
Start Trending Point (STP), 17.15 Jakarta Time
Reply   
update

GVI Forex Blog 10:13 GMT March 20, 2014
Markets Adjust to Faster Yellen Time Line for Start of Policy Normalization
Reply   
HIGH IMPACT NEWS ITEMS: US- Weekly Jobless, Philly Fed, LEI, Existing Homes Sales

There were no surprises in the Swiss National Bank policy decision today. It kept its 0.0% target for 3 mo Euro-Swiss interest rates and will maintain its 1.20 floor on the EURCHF exchange rate.

Markets Adjust to Faster Yellen Time Line for Start of Policy Normalization

GVI Forex john 09:56 GMT March 20, 2014
Fixed Income Snapshot
Reply   
Early in European trading hours, prices in prime fixed income markets are lower in the wake of comments by Janet Yellen yesterday laying out the likely time-line for a tightening of monetary policy by the Fed. Her timeline was a bit faster than the markets had been expecting.

At this hour, markets are more in an adjustment mode more than a "risk-on" or "risk-off" posture. The peripheral European bond prices are mostly lower. European equities are weaker. Far East markets closed lower. U.S. equity futures are weaker at this hour.

Belgrade TD 09:54 GMT March 20, 2014
Gbp



eur/gbp - bearish ... possible bounce ~0,833 ... or maybe not :) GLGT

Indonesia-Solo Raden Mas 09:48 GMT March 20, 2014
Start Trending Point (STP), 16.47 Jakarta Time
Reply   


must be known

Cambridge Joe 09:42 GMT March 20, 2014
Gbp

Prune juice ! Ha ! excellent !

eurgbp bounce here.

USDX softening ( not just ripples) from around 17:00 gmt, but need to look in around then.

I'm gone !

IMO. GL

london red 09:31 GMT March 20, 2014
Euro
Reply   
1.38 trendline marginally pierced, but 38.2 fib should see bounce so long at 13779 if seen stop under 50. Second long 13730 stop under 13695.

Mtl JP 09:20 GMT March 20, 2014
Gbp

Joe .. prune juice... often useful with "mundane thing"

Cambridge Joe 09:17 GMT March 20, 2014
Gbp

Have to attend to other, more mundane things now so covered entry e/$ 3838.

Good luck to all !

Syd sf 08:50 GMT March 20, 2014
Start Trending Point (STP), 15.26 Jakarta Time

can you please just explain more clearly what your looking to do.

the market is challenging enough without playing cryptic charades.

Syd sf 08:48 GMT March 20, 2014
AUD/USD & USD/CHF

audchf looks capped at 7980 and should unwind down to 7910-15

I'm with Joe - I can see how eur/gbp makes a move over this Yellen stuff.

Cambridge Joe 08:44 GMT March 20, 2014
Gbp

Bought e/$ last night until 06:45 when I turned short.

It looks as though euro and gbp are parting ways. Gbp north Euro south... on a bigger scheme, but this is about the fork in the road. IMO. GL

london red 08:40 GMT March 20, 2014
Gbp
Reply   
Eurgbp 8333/8325 support. Maybe stop under
8313. If fail long again at 8290 second 8270 stop on all under 8250. Below there my bull scenario over and will sell a rally for 8167.
Cable today fib at 1.6605 should cap assuming eurgbp doesnt overshoot on downside. Second sell at 16640 stop on all above 16665.

Belgrade TD 08:31 GMT March 20, 2014
AUD/USD & USD/CHF



same for chf

Belgrade TD 08:31 GMT March 20, 2014
AUD/USD & USD/CHF
Reply   


still short ... From my point of view ... I do not have a position, just observation ...

Indonesia-Solo Raden Mas 08:30 GMT March 20, 2014
Start Trending Point (STP), 15.26 Jakarta Time
Reply   


STP is must be known by all traders

HK [email protected] 07:59 GMT March 20, 2014
AUD Bullish.
Reply   
Buy AUDUSD
Entry: NOW Target: 0.9170 Stop: Yours

/

Hong Kong AceTrader 07:45 GMT March 20, 2014
AceTraderFx march 20: Daily Market Outlook on Asian Exotic- USD/IDR
Reply   
USD/IDR DAILY OUTLOOK - 11420
20 Mar 2014 07:27GMT

USD's board-based strength after Fed's tapering
move and hawkish statement from Yallen suggests fall from
12275 has made a low at 11255 on Mon.

Hold long for 11500 with stop as indicated, below
would risk pullback to 11290/00.

GVI Forex Blog 07:07 GMT March 20, 2014 Reply   
***Economic Data*** - (NZ) NEW ZEALAND Q4 GDP Q/Q: 0.9% V 0.9%E; Y/Y: 3.1% V 3.1%E - (AU) AUSTRALIA FEB RBA FX TRANSACTIONS MARKET (A$): 369M V 362M PRIOR - (JP) Japan investors bought ¥143.1B in fore

TradeTheNews.com Asian Market Update: Equities slump as Yellen zings expectations of low rates by pinning a 6-month tag on "considerable period" between the end of QE and higher rates - Source TradeT

Indonesia-Solo Raden Mas 05:43 GMT March 20, 2014
Start Trending Point (STP)
Reply   


To know the start location of each trending cyclic

GVI Forex Blog 03:20 GMT March 20, 2014 Reply   
The global markets are trading in the negative zone

Morning Briefing : 20-Mar-2014 -0319 GMT

Hong Kong AceTrader 02:23 GMT March 20, 2014
AceTrader March 20: U.S. dollar rallies broadly on hawkish remarksfrom Fed Chair Janet Yellen
Reply   
Market Review - 19/03/2014 22:56GMT

U.S. dollar rallies broadly on hawkish remarksfrom Fed Chair Janet Yellen

U.S. strengthens broadly against its major peers after the Federal Reserve continued to unwind its monetary stimulus as widely expected together with hawkish remarks by Fed Chair Janet Yellen who said the Fed will probably end its massive bond-buying program this coming fall, and could start to raise interest rates around six months later.

Despite euro's initial firmness in Asia after rebounding from Tue's New York low at 1.3880, the single currency retreated to 1.3905 in European morning on cross-selling of euro versus sterling before staging a brief recovery to 1.3930, however, renewed selling emerged and pressured the pair lower to 1.3899 in New York morning. Euro later tumbled sharply to 1.3810 after Fed's tapering move together with hawkish comments from Fed Chair Janet Yellen.

The British pound traded narrowly in Asia and strengthened in European morning, eventually rising to an intra-day high at 1.6655 ahead of New York open, helped by the upbeat economic picture painted by the Bank of England in its minutes. However, profit-taking there pressured price lower and cable retreated to 1.6608 in New York morning. Sterling later nose-dived to as low as 1.6508 after Federal Reserve cut its monthly bond-buying program and hawkish remarks by Fed Chair Janet Yellen.

BoE's minutes stated 'latest revisions to GDP data suggest UK recovery becoming more balanced but some way to go before sustainable; BoE notes 1.5% rise in sterling in month b4 Mar meeting, market contacts cite better UK growth outlook, Ukraine tension; stronger sterling has tightened UK monetary conditions, risk of further strength if UK growth outlook strengthens compared to other countries.'

Versus the Japanese yen, despite initial retreat to a session low at 101.30 in Asian morning, the greenback rebounded to 101.64 ahead of European open and then edged higher to 101.69 in European morning on dollar's broad-based strength. U.S. dollar jumped to as high as 102.69 (penetrated Tuesday's high at 101.94) after hawkish comments from Fed Chair Janet Yellen.

In other news, UK FinMin George Osborne said 'UK economy is recovering faster than forecast; country is borrowing too much, not exporting or saving enough; escalation of tensions in the Ukraine risk causing lower growth n higher inflation in UK; OBR have revised down UK underlying deficit in every year of forecast.'

On the data front, Japan all industry activity index came in at 1.0%, worse than the forecast of 1.1%, previous reading is revised to -0.3%.

Data to be released on Thursday:

New Zealand GDP, Swiss trade balance, import, export, rate decision, Germany PPI, Italy current account U.K. CBI trend total orders, U.S. initial jobless claims, Philadelphia Fed business outlook, existing home sales, leading index.

Singapore Sfx 02:10 GMT March 20, 2014
Asia

Indeed. Sounds like we agree. (So we must be wrong - haha)

Thanks sf - and good luck.

dc CB 02:08 GMT March 20, 2014
Will There Be Damage Control?

williambanzai7

he's a great photoshop artist, quite prolific

he regularly posts on ZeroHedge...in the 3-across-the-top blog contributor section

http://www.zerohedge.com/blogs/williambanzai7

http://williambanzai7.blogspot.com/

Syd sf 02:00 GMT March 20, 2014
Asia

I don't have anything earth shattering on that SFX

on the day 20-50 or 30-60 I was thinking .. so far 20-50 has covered it.

short term seems 101.80/102.80

when we hit 103 people t/p or short -- every time we get there we have a crisis or stock sell off .. and the crosses look heavy.

to break the range it has to close above 103.65. (no surprise)

I'm sure when the band gets back together we see 108-110 .. but I'm like everyone else - I'm not sticking my neck out to get chopped off in this zero sum game in the meantime.

Sorry I don't have anything earth shattering - but $yen has become a day to day proposition.

Singapore Sfx 01:46 GMT March 20, 2014
Asia

the nikkei actually -100 and looking a bit lacklustre for the time being.

The gotobi fix is 102.32 and at least as long as above, this probably remains a usd story intraday.

And yes, trapped with aud bids around 9000 and eur bids ahead of the figure.

Mtl JP 01:38 GMT March 20, 2014
Will There Be Damage Control?

that is P R I C E L E S S
who's the artist ?

Syd sf 01:38 GMT March 20, 2014
Asia

Nikkei is down 200 and US Futures are -50

this is pretty much keeping us trapped .. Yen crosses under small selling pressure during the session.

hopefully in early europe they bid up eur and gbp and can make a little from the short side.

Singapore Sfx 01:36 GMT March 20, 2014
Asia

sf,

Regular follower of your posts. Thanks for those.

Interested in hearing more about the yen view. What kind of range, trigger are you looking at?

Cheers and good luck.

dc CB 00:53 GMT March 20, 2014
Will There Be Damage Control?



wm banzai7

GVI Forex Blog 00:24 GMT March 20, 2014
Will There Be Damage Control?
Reply   
* Dollar up as markets price in earlier start to Fed tightening cycle

* Yellen's comment taken as signalling possible hike early next year

* U.S. yields higher across the board

FOREX NEWS - Dollar rallies as markets bring forward Fed hike call

Syd sf 00:05 GMT March 20, 2014
Asia

as far as $yen goes .. I just don't see us buying it today .. the Nikkei just dropped 1000-1200 points and its bounced 200-300 points off the low.

people I think are going to be gun shy about chasing it higher today .. especially if some of these Yen Crosses get bogged down during the global day.

$yen and Nikkei are a buy when BOJ gets out of control -- until then probably focus on range trading.

 




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