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 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)
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 ! :-)
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:(
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.
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.
GVI Forex Jay Meisler 14:33 GMT March 20, 2014
Please Participate - Forex and Global Markets Survey
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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.
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 14:20 GMT March 20, 2014
Ukraine
Reply
Obama to issue statement on Ukraine at 15:00 GMT
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.
london red 14:02 GMT March 20, 2014
Euro
Sold 8345 stop above 38.2 of c. 8400 fall. Target 33 and 26 supports.
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.
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 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 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.
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
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 08:48 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
Reply
still short ... From my point of view ... I do not have a position, just observation ...
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.
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.
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.
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.
many more chart points
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