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Forex Forum Archive for 03/21/2014

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


Youtradefx 23:46 GMT March 21, 2014 Reply   

A Broker Review for Youtradefx has just been added.

dc CB 22:06 GMT March 21, 2014
Auctions

WASHINGTON — The U.S. Internal Revenue Service said on Friday that it audited fewer high-income Americans in 2013 than it did in 2012 or 2011, while it conducted more audits of people with no income.

Revelations of N.S.A. Spying Cost U.S. Tech Companies Health Care Exchange in Oregon Not Meeting High Hopes DealBook Mt. Gox Says It Has Found 200,000 Bitcoins Worth About $114 Million ‘The Technology Is Out There,’ but Satellites Don’t Track Jets DealBook Airbnb Said to Pursue Valuation Above $10 Billion in Fund-Raising... DealBook Media General to Buy LIN Media, Creating Large TV Broadcaster Wall Street Is Down as S.&P. 500 Briefly Hits a Record Wind Industry’s New Technologies Are Helping It Compete on Price Appeals Court Upholds Fed’s Cap on Debit Card Fees Fitch Takes U.S. Off Negative Ratings Watch High & Low Finance Corporate Lies Are Increasingly Immune to Investor Complaints Your Money A Same-Sex Couple Together for 58 Years, but Husband Is Still Fighting... Off the Charts Euro Zone’s Economic Health Is Better, but Not Good Bits - State of the Art Apple After Jobs: Pretty Much the Same as Ever Wealth Matters The Family That Talks Money Together, Stays Together Bits - Machine Learning Why Android Wear Is the Beginning of the Wearable Devices Era Shortcuts Third-Party Hotel Booking Sites Can Mislead Consumers You’re the Boss Blog Hiring Employees on a Trial Basis View Slideshow Income Gap, Meet the Longevity Gap Loading... Business Day U.S. IRS Audited Fewer Wealthy Americans in 2013

nw kw 21:00 GMT March 21, 2014
Auctions

to keep 7.0 growth and EM up reports stimulus in cards

Livingston nh 20:57 GMT March 21, 2014
Fixed Income Snapshot

Good Luck to her - nice thing about rates as opposed to other markets (commod, FX, stox whatever) is the mathematical certainty -- rates rise price lower ---

dc CB 20:52 GMT March 21, 2014
Fixed Income Snapshot


Best Minds Joanne Gilbert
Bonds Can Withstand Interest-Rate Kryptonite

Fixed-income investing can generate solid single-digit returns, writes an Aberdeen Asset strategist

Barrons Online

Livingston nh 20:50 GMT March 21, 2014
Fixed Income Snapshot

10 yr treasury couldn't move on 2.80% instead backed off all day -- still nervous about something -- spiked up and couldn't hold after NFP // worrying about deflation is moronic when Fed is at least 2% below normal level w/ inflation @ 1.6% // if sanctions in EU are successful will Draghi need to move because the economy could take a hit -- and watch what happens in Turkey which has more in common with Russia than EU

Livingston nh 20:38 GMT March 21, 2014
Auctions

kw - isn't China tightening ??

dc CB 20:04 GMT March 21, 2014
Auctions

Quad Witching....a day to sit on your hands or better yet Go Away from the trade station. O yes you can play the game looking at "charts"

or How I can afford to spend $45bln on a house (I'm a Computer Scientist/HedgeFunder)
______________________________________________

At 10:27:21 ET, the Nasdaq 100 e-mini futures contract suddenly dropped on extreme activity as someone decided it was an opportune time to dump 3000 contracts or around $220 million notional. As Nanex notes, the ETF - QQQ - also collapsed (with over 1200 trades in 1 second) as bids and offers were crossed and markets went flash-crashy for a few tenths of a second. The questions is - who was it? Waddell & Reed?

Who Just Dumped $220 Million Nasdaq Futures In 1 Second?

NY JM 19:57 GMT March 21, 2014
Trade Idea
Reply   
example

GVI Forex john 19:48 GMT March 21, 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.

Belgrade TD 19:45 GMT March 21, 2014
Daily TA trade

Sell OTHER
Entry: 0.853 Target: ~0.83/ Stop: na

Short NZD/USD here ... cascade targets with final ~0.83 or so ... stop after Wk ...

dc CB 19:44 GMT March 21, 2014
Auctions

FISHER SAYS QE WAS A MASSIVE GIFT INTENDED TO BOOST WEALTH

Bernanke': "my natural inclinations, even if it weren’t for the legal mandate, would be to try to help the average person."

$47 million House in a $1.5M town

nw kw 19:36 GMT March 21, 2014
Auctions

cheap money--keep in mind china cheap money is taking over how do you play that one

NY JM 19:36 GMT March 21, 2014
Trade Idea
Reply   
Example

dc CB 19:35 GMT March 21, 2014
WTF
Reply   
did you just Censor my post????

london red 19:20 GMT March 21, 2014
Auctions

big wick on daily s&p. unable to close above 1875. appears dragged down by asia as was doing well earlier. usdjpy 102.05 101.86/90 sups.

london red 19:15 GMT March 21, 2014
Auctions

fisher just as much said it, doesnt mind injecting a bit more volatility into market. looks like this week was the start of conditioning the market away from cheap money.
bringing an addict back from the brink is a tough job in any field.

dc CB 19:14 GMT March 21, 2014
Auctions

Just in time to sell some bonds

OPPPS

should read Just in time to BUY some bonds.

dc CB 19:12 GMT March 21, 2014
Auctions
Reply   
next week 2s,5s,7s Tue-Thur

need to tweek in some FEAR. Stox can afford a slump as portfolio managers reallocate at the end of the quarter. Just in time to sell some bonds. The Fiver being the worst drubbed by the yellin' of Yellen. After the auction still plenty of time to Window Dress.

Bring on the Bad News Bears. We already got the SnowStorm and PolarVortex in the news for next week.

nw kw 19:08 GMT March 21, 2014
Trade Idea

xaugbp still showing weakness how fast iball aud/gbp

NY JM 19:07 GMT March 21, 2014
EURUSD
Reply   
Buy EURAUD
Entry: 1.3600 Target: 1.4000 Stop: 1.3550

Buy low

NY JM 19:06 GMT March 21, 2014
Trade Idea

Reply as an example

NY JM 19:05 GMT March 21, 2014
Trade Idea
Reply   
Trade Idea as an example

london red 18:38 GMT March 21, 2014
yen
Reply   
covering short here. almost certain to test 102.40/50 next week and quite possibly higher so can always reload then. as things stand, same strat. 40/50 then 80/90, stop over 103.10.

dc CB 17:51 GMT March 21, 2014
Global Markets News

"The S&P500 pushed out to all-time highs in the first minutes of cash trading this morning, peaking at nearly 1884. Volume is several times higher than average thanks to quad witching."

Da Boyz at Work.
The Classic Hank Paulson "Kill the Shorts" move...using this Rule:

Quarterly settlement of S&P 500, E-mini S&P 500, S&P MidCap 400, E-mini S&P MidCap 400, S&P 500 Citigroup/Growth and Value and SPCTR Index futures and options on futures are based on a Special Opening Quotation of the relevant underlying index.

The Special Opening Quotation for each index is based on the opening price of each component stock in that index on expiration Friday.

Caribbean! Rafe... 17:38 GMT March 21, 2014
Rhetoric!
Reply   
International politicians only use war like rhetoric to protect their stops from us small guys... In other cases they keep mum and screw their chums... =)~

This is a fact!

Obvious when you read the papers...

Cambridge Joe 16:02 GMT March 21, 2014
EURUSD

This is the weigh we role ?

That's what the young folk say.... so I'm told ! :-)

GVI Forex Blog 15:59 GMT March 21, 2014
Week Ahead
Reply   
• UK CPI inflation to drop further below 2%

• Fed speakers watched for greater clarity following Yellen’s comments

• Euro wide survey data to point to ongoing signs of recovery

ECONOMIC DATA ANALYSIS - UK INFLATION HEADED LOWER

GVI Forex john 15:54 GMT March 21, 2014
Fixed Income Snapshot

Late in European trade, prices fixed income markets remain narrowly mixed heading into the weekend on a session with no major data releases.

European equities are ending mostly higher. The peripheral European bond prices are up. U.S. equities are higher. The U.S. 10-yr was last at 2.76%, -1bp.


Mtl JP 15:46 GMT March 21, 2014
Global Markets News

non-voting dove Bullard about to yak - not expecting much of market movement
-
Geniuses in Manitoba and Saskatchewan (two Canadian provinces) legislatures are contemplating banning sale of Russian-made booze in gov't liquorstores. Time to consider stockup on Russian Standard.

Livingston nh 15:44 GMT March 21, 2014
Fedspeak

Consider the period of taper as the usual interregnum between the time the Fed STOPS cutting rates and the first hike -- this is usually a period of strong economic growth

GVI Forex Blog 15:42 GMT March 21, 2014
Global Markets News
Reply   
The S&P500 pushed out to all-time highs in the first minutes of cash trading this morning, peaking at nearly 1884. Volume is several times higher than average thanks to quad witching.

TradeTheNews.com US Market Update: Equities at Back at Record Highs with FOMC, CCAR and Crimea Out of the Way

GVI Forex john 15:00 GMT March 21, 2014
March 2014 Consumer Confidence flash
Reply   




ALERT
-9.3 vs. -12.6 vs. -12.7 prev.


TTN: Live News Special Offer


Direct links to primary data sources

Cambridge Joe 14:50 GMT March 21, 2014
EURUSD
Reply   
Looks like a slap-down building for eurusd around 16:00 GMT

HOD may already be in.... IMO. GL

GVI Forex Blog 14:36 GMT March 21, 2014 Reply   
March 21, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Monday, March 24. Updated: Trading News Events Calendar HIGH IMPACT NEWS RELEASES: Far East: CN- HSBC flash PMI, EZ/DE/FR- flash PMIs, US- flash Markit PMI

GVI Forex Data Outlook for March 24, 2014

GVI Forex john 14:35 GMT March 21, 2014
Calendar -- Daily Forex Data News
Reply   


March 21, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Monday, March 24. Updated: Trading News Events Calendar

HIGH IMPACT NEWS RELEASES: Far East: CN- HSBC flash PMI, EZ/DE/FR- flash PMIs, US- flash Markit PMI

  • Far East: CN- HSBC flash PMI.
  • Europe: EZ/DE/FR- flash PMIs.
  • North America: US- flash Markit PMI.


Paris ib 14:31 GMT March 21, 2014
Fedspeak

Flip there is a whole lot of paper rolling over in the States this year. Next week's auction should be interesting. And then there is geopolitics with the U.S. and the 'Pacific Pivot', which some read as a threat to China, guaranteed to reduce Chinese appetite for U.S. debt..... so U.S. bond yields rise as buyers dry up. Rates are going higher in the States for sure. If they're lucky that will slow but not halt the slide in the USD.

This is all about rebalancing. Ultimately that is good but it will leave us in a different world.

london red 14:22 GMT March 21, 2014
Friday's Trading Outlook

Jay trendline res at 13810. Eurgbp well above 50 day now which is bullish although can falter at 75/80. However really stop needs to be above 8425 as that above major fib and long ma's. 8400 may work but doesnt give you that protection.
Would like to see a cable fall in tandem with eurgbp rally as then you look for cable to bounce 6455/25

Brisbane Flip 14:15 GMT March 21, 2014
Fedspeak

FWIW I believe the major rationale for QE was because the US budget deficit was 1.4 trillion. That was even enough for China to choke on.
This year the deficit it predicted to be 560bio. While unemployment etc are great cover the real reason was someone needed to buy this crap. Now they don't.

GVI Forex Jay Meisler 14:13 GMT March 21, 2014
Friday's Trading Outlook

EURUSD held initial test of 1.3810 - see my earlier post

Brisbane Flip 14:10 GMT March 21, 2014
Fedspeak

John Greg Ip was just plagiarising me on GVI - hahaha

Paris ib 14:07 GMT March 21, 2014
Fedspeak

Brisbane Flip I think Yellen was being straight about where rates are heading. I don't think she did full disclosure on WHY they are heading higher. I think in part the reason rates are headed higher is an attempt to prevent a panic on the USD. At present, particularly with capital exiting, domestic savings in the United States are too low and domestic borrowing is too high. The way this is corrected is with higher domestic interest rates.... higher rates provide incentive for savers and a disincentive for borrowers. That would happen with or without the FED. Yellen is bowing to the inevitable. Rates have to rise in the United States to bring capital markets into greater balance. And they are bond yields have been on the rise for over a year.

GVI Forex john 14:06 GMT March 21, 2014
Fedspeak

I heard Grep Ip (former press mouthpiece for Greenspan) say yesterday that if Yellen made a "gaffe" it was that she told the truth, which you never do in Washington. Also that she did not pull the six month period out of thin air.

Brisbane Flip 14:00 GMT March 21, 2014
Fedspeak

Ib Yellen was being straight.
You raise rates because you think the economy is stronger. Look at history. The beginning of rate hikes has actually coincided with strong economy. Japan never raised rates because they were f..ked.
Rates to be raised in 2015 means 8 years after GFC. It's hardly a stretch.

Paris ib 13:55 GMT March 21, 2014
Fedspeak

I love how we have a new high on the S and P following a move to tighten monetary policy because the market has convinced itself THAT SHE DIDN'T REALLY MEAN IT. Where is the evidence that she didn't really mean it?

Paris ib 13:41 GMT March 21, 2014
Fedspeak

Honestly John these weirdos drive me nuts. And they hold to this strange idea that somehow at some point we will all be able to borrow money for free (no cost) if they just nationalise the FED. What they mean, of course, is that they want to see no credit available to anyone - because it's all a plot. Fractional Reserve Banking was the KEY to the Renaissance. It paid for the Renaissance. But no, let's go back to fleas and open sewers and feudalism. Ron Paul has a lot to answer for.

GVI Forex john 13:36 GMT March 21, 2014
Fedspeak

ib- suggest you stop reading when you first see the word "fiat"...

Paris ib 13:31 GMT March 21, 2014
Fedspeak

At the same time I'm seeing the lunatic fringe come out with total insanity. What is going on? Why this extremism?? I don't get it. How these people can call themselves analysts or economists is beyond me. They belong in a cult somewhere.

It all makes me a bit weary and it's all untradeable noise.

Prediction of Mass Starvation

Paris ib 13:24 GMT March 21, 2014
Fedspeak

Yes the FED made it clear it won't be raising rates tomorrow. That said, the change in tone was beyond doubt a move towards a tighter bias. This does not represent an easing of policy but the reverse. Why does everyone feel the necessity to 'spin' this? We are at a point where rates have bottomed. From here they rise. The FED (and other Central Banks) are out of ammo. Economic activity will not be supported by interest rate policy, neither is there any room for fiscal easing. So the economy has had the training wheel taken off. At the same time in the case of the U.S. supporting capital inflows have reversed. That is: foreign capital is exiting. None of this information is positive for the economy going forward. That is the reality as I see it. As far as I can tell the rest is just jaw boning.

GVIForex 13:04 GMT March 21, 2014
Fedspeak
Reply   
Kocherlakota (Dove)

3/21/2014 9:00:34 AM
(US) Fed's Kocherlakota: Highlights the new guidance from the Fed weakens its commitment to the 2% inflation target, supportive of guidance that fed funds rate will remain low- Notes that the new guidance also does not provide any information on the speed at which the Fed wants to reach full employment

- Threshold guidance was effective, would have supported statements that pledged to keep low rates until unemployment went below 5.5%

- Source TradeTheNews.com

GVI Forex Jay Meisler 13:00 GMT March 21, 2014
Friday's Trading Outlook

As posted on GVIForex after CDA data:

Friday's Trading Outlook
GVI Forex Jay Meisler 12:39 GMT 03/21/2014 - My Profile
I show USDCAD support zone at 1.1150-90, only through the lower end would shift the focus from 1.12+. On upside, initial resistance at 1,1200-20.

Price action shows the hyper sensitivity to economic data.

Livingston nh 12:46 GMT March 21, 2014
Cable
Reply   
Treasury 10 yr yields holding above Gilt -- 1.6450 lvl on daily chart (89ema) target

GVI Forex john 12:44 GMT March 21, 2014
January 2014 Canada: Retail Sales



Canada: Retail Sales rebound after December tumble. You really have to average the data.

GVI Forex john 12:42 GMT March 21, 2014
February 2014 Canada: Consumer Prices & Bank of Canada Core



Canada: Headline and BOC Core CPI... prices low.

GVI Forex john 12:33 GMT March 21, 2014
January 2014 Canada: Retail Sales
Reply   




NEWS ALERT
Headline:+1.30% % vs. +0.80% exp. vs. -1.80% (r -1.90%) prev.
X-Autos: +1.00% % vs. n/a exp. vs. -1.40% (r -1.50%) prev.



TTN: Live News Special Offer


Direct links to primary data sources

GVI Forex john 12:31 GMT March 21, 2014
February 2014 Canada: Consumer Prices & Bank of Canada Core
Reply   




NEWS ALERT
yy:+1.20% vs. +1.10% exp. vs. +1.40% prev.
Headline
mm:
+0.8% vs. +0.60% exp. vs. +0.30% prev.
yy: +1.10% vs. +0.90% exp. vs. +1.50% prev.


TTN: Live News Special Offer


Direct links to primary data sources

Mtl JP 12:21 GMT March 21, 2014
Friday's Trading Outlook

usdyen:
50 day 102.60
100 day 102.48
current price: 102.22
bearish ?

Amman wfakhoury 12:09 GMT March 21, 2014
EURUSD 100pips move
Reply   
Mostly into up direction ..unless 1 hr bar closed below 13782
any decline below 13782 will return to it




Mtl JP 12:06 GMT March 21, 2014
Friday's Trading Outlook

the "several fed speakers":
at 1/4 to noon: non‐voting dove Bullard
at 1/4 to one: voting hawk Fisher on Forward Guidance w/Q&A
and after hours:
dove Kocherlakota
voter Stein

GVI Forex Jay Meisler 11:30 GMT March 21, 2014
Friday's Trading Outlook

Levels to watch (as posted on GVIForex)

EURUSD 1.3810 = former daily trendline and 20 day mva

1.3800 = 23.6% (1.3967-1.3748)
1.3832 = 38.2%

On downside, 1.3780 has a pivotal quality (i.e. focus on 1.38 while above it) but key support is not until 1.3745-50, which includes yesterday's low and the current 200 period 4 hour mva

GVI Forex Jay Meisler 11:25 GMT March 21, 2014
Friday's Trading Outlook
Reply   
Watch for Fedspeak today

There is no new data from the US today, but there are several Fed speakers. They may try to clarify the message on interest rates after the confusion caused by Fed Chair Yellen’s press conference. However, as they have significantly differing views any comments may add to the confusion. Minneapolis Fed President Kocherlakota, who dissented from this week’s policy vote, will outline his objections in more detail. In contrast Dallas Fed President Fisher, a wellknown hawk, may be the FOMC participant who favours an interest rate rise before end 2014. St Louis President Bullard (not a voter this year) and Fed Governor Stein are more main stream, although the latter has expressed concerns that low rates may have helped fuel financial market speculation

Lloyds Bank Daily Economic Outlook

HK [email protected] 11:07 GMT March 21, 2014
Here comes muscle flexing La France!!!
Reply   


France is ready to send warplanes to the Baltics, Poland, defense official says - @AP

London Chris 11:02 GMT March 21, 2014
cut'em some slack???

I read that Putin threatens to use Iran talks as leverage.

Livingston nh 10:59 GMT March 21, 2014
cut'em some slack???

Putin may not leave EU unscathed (wedge policy) -- but Russia sanctions will put pressure on weak links in the EU -- still no word on UKR debt

HK [email protected] 10:28 GMT March 21, 2014
WTF!!!
Reply   


CEO of Malaysia Airlines confirms flight 370 was transporting lithium-ion batteries in cargo hold - @KeirSimmons

GVI Forex Blog 10:15 GMT March 21, 2014
Global Markets News
Reply   
US economic schedule is light with focus on several Fed speakers (might try to clarify the message on interest rates after the confusion caused by Fed Chair Yellen)

TradeTheNews.com EU Market Update: Focus on several upcoming Fed speakers who might try to clarify the message on rates

HK [email protected] 10:04 GMT March 21, 2014
cut'em some slack???
Reply   


Russian President Putin says no need for Russia to further retaliate against US sanctions - @AP

Cambridge Joe 10:03 GMT March 21, 2014
Commodity

SnP toe in the water with tiny short. 78.4

Syd sf 10:02 GMT March 21, 2014
Commodity

it t/p at 13 .. hasn't gone short yet

sold out of aud/chf as well .. not short in that either as yet.

it certainly recognizes patterns faster than I do .. LOL.

GVI Forex Blog 09:44 GMT March 21, 2014
Markets Adjusting to New Fed Policy Normalization Time line
Reply   
HIGH IMPACT NEWS ITEMS: EZ- Consumer Confidence, CA- Retail Sales, CPI

On Friday, Canadian Retail Sales and CPI data are due.See the FOREX FORUM. for comments from experienced traders to events as they happen.

Markets Adjusting to New Fed Policy Normalization Time line

GVI Forex john 09:39 GMT March 21, 2014
Fixed Income Snapshot

Refresh page to update Fixed Income table

GVI Forex john 09:28 GMT March 21, 2014
Fixed Income Snapshot
Reply   
Early in European trading hours, prices in prime fixed income markets are narrowly mixed as the markets are getting a break from market-moving news, except from Canada, today.

At this hour, markets are more in a cautious "risk-on" posture after U.S. shares rallied late Thursday. The peripheral European bond prices are mostly higher. European equities are higher. Far East markets closed up. U.S. equity futures are up.


Cambridge Joe 09:25 GMT March 21, 2014
Commodity

sf thanks. I was lucky to get out from under thru the night. Same with an e/$ short I had....

Now agree oil north for the next while. e/$ at a cross-roads it seems. If it stay here 3783 'til about 13:00, then it would buy for the next few days, Mon Tue....

A very brief upspike say 3790 would precipitate a sell ... untill 13:00 GMT.

IMO. GL

Indonesia-Solo Raden Mas 08:43 GMT March 21, 2014
Start Trending Point (STP)
Reply   


raden

Hong Kong AceTrader 08:21 GMT March 21, 2014
AceTrader march 21: Daily Market Outlook on Asian Exotic- USD/SGD
Reply   
DAILY USD/SGD OUTLOOK - 1.2769
21 Mar 2014 07:25GMT

Although USD has retreated from 1.2794, as long as
1.2726 sup holds, upside bias remains for rise from
1.2582 (Feb) to resume and extend toward 1.2830.

Buy on dips with stop as indicated and only below
1.2701 aborts bullishness on USD, risks 1.2676.

Amman wfakhoury 08:10 GMT March 21, 2014
EURJPY 140.70 confirmed

Amman wfakhoury 15:07 GMT 03/20/2014
140.70 confirmed and will be reached any rise above 141.19 will return to it
-----------------------------
140.70 reached

Amman wfakhoury 08:08 GMT March 21, 2014
GBPJPY 168.45 confirmed

Amman wfakhoury 15:05 GMT 03/20/2014
168.45 confirmed and will be reached any rise above 169.20 will return to it.
---------------------
168.45 reached

Syd sf 08:06 GMT March 21, 2014
Commodity
Reply   
Joe - i switched my Oil Bot on and it just bought at 70 and 75 fwiw.

Fx it bought audchf.

Indonesia-Solo Raden Mas 08:05 GMT March 21, 2014
eur/usd
Reply   


raden

Indonesia-Solo Raden Mas 07:34 GMT March 21, 2014
Start Trending Point (STP)
Reply   


raden

GVI Forex Blog 06:46 GMT March 21, 2014 Reply   
***Economic Data*** - (AU) AUSTRALIA JAN CONFERENCE BOARD LEADING INDEX M/M: 0.2% V 0.9% PRIOR - (NZ) NEW ZEALAND MAR ANZ CONSUMER CONFIDENCE INDEX: 132.0 V 133.0 PRIOR; M/M: -0.8% V -2.1% PRIOR - (NZ

TradeTheNews.com Asian Market Update: Stocks mixed as Yellen hangover wears off; March China flash PMI on tap for Sunday in focus - Source TradeTheNews.com

Hong Kong AceTrader 06:08 GMT March 21, 2014
AceTraderFx March 21: U.S. dollar extends gain versus euro and cable after Wednesday's hawkish comme
Reply   
Market Review - 20/03/2014 22:52GMT

U.S. dollar extends gain versus euro and cable after Wednesday's hawkish comments by Fed Chair Yellen

The greenback continued to strengthen against majority of its peers on Thursday after Yellen's message to the markets on Wednesday that interest rate hikes were not far away.

Although the single currency staged a short-covering rebound to 1.3845 at European open, renewed selling there pressured the pair lower and euro tumbled to an intra-day low at 1.3749 in New York morning on dollar's broad-based strength before stabilizing.

The British pound tracked euro's intra-day movements closely and edged higher to 1.6570 in European morning before falling to session low at 1.6480 in New York morning. Later, cable traded sideways for rest of the New York session.

Versus the Japanese yen, the greenback retreated to a session low at 102.21 ahead of European open, however, renewed dollar strength pushed the pair higher and dollar rose to a session high of 102.55 ahead of New York open before easing.

In other news, Germany Chancellor Angela Merkel said 'EU leaders will agree on further sanctions against Russia at summit beginning Thursday; current tension with Russia means G8 does not exist at present; EU leaders will make clear they are ready to go to 3rd stage of sections including economic measures if necessary.'

On the data front, SNB keep its rate unchanged at 0.0-0.25%.

The Department of Labor of U.S. reported that the number of people filing for initial jobless benefits in the week ending March 15 rose by 5,000 to 320,000 from the previous week's total of 315,000.

Data to be released on Friday:

New Zealand consumer confidence, EU current account, consumer confidence U.K. public finance, Canada retail sales, CPI. Japan financial market will be closed due to public holiday.

nw kw 05:38 GMT March 21, 2014
Seems still valid to this time.

aud -gbp,eur testing weekly s tempting

Syd sf 05:34 GMT March 21, 2014
Seems still valid to this time.

the main thing is its gone 40 pips in your favor giving you plenty of options .. those are the best trade suggestions - regardless of whether it ultimately hits 9170 or not.

nw kw 04:12 GMT March 21, 2014
Seems still valid to this time.

eur/nzd and gbp/nzd day chart trapped need what next will monitor

nw kw 03:52 GMT March 21, 2014
Seems still valid to this time.

HK [email protected] you must no how to trade china next market mover

GVI Forex Blog 03:21 GMT March 21, 2014 Reply   
Equities have recovered some of the post-FOMC losses globally. But, the picture is mixed

Morning Briefing : 21-Mar-2014 -0321 GMT

nw kw 03:16 GMT March 21, 2014
Seems still valid to this time.

in past .9130 had to hold good pivot but tiring to finger out what a week USD/CNH will do is good for gold ,aud and nzd is open trading with cnh but looks like confused market

xjpy some week xaud strenth

Indonesia-Solo Raden Mas 03:16 GMT March 21, 2014
Start Trending Point (STP), 10.14 Jakarta Time
Reply   


any tons of money behind it
Lets see

HK [email protected] 02:52 GMT March 21, 2014
Seems still valid to this time.


Syd sf

Thanks, but seems we'll have to wait some time(maybe not today) to reach that target.

Syd sf 02:32 GMT March 21, 2014
Seems still valid to this time.

RF . no doubt that was an excellent call :)

helping out audyen very nicely too.

HK [email protected] 02:21 GMT March 21, 2014
Seems still valid to this time.


Bullish AUD:)

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

Hong Kong AceTrader 01:51 GMT March 21, 2014
AceTrader March 21: Intra-Day Market Moving News and Views
Reply   
Intra-Day Market Moving News and Views

21 Mar 2014 00:02GMT
NZD/USD - 0.8528... New Zealand Mar consumer confidence came in at 132.0 vs previous 133.0 in Feb.


20 Mar 2014 23:51GMT
Quoting fm congressional sources: U.S. house of representatives committee to file Ukraine aid bill that will not include IMF reforms.

23:35GMT
EU's Van Rompuy says 'EU leaders agree to expand list of Russians targeted with sanctions by 12 names; further steps by Russia to destabilize Ukraine will have far reaching consequences; EU leaders ask European Commission to prepare impact assessment of further sanctions against Russia; EU will launch own observer mission to Ukraine in absence of credible OSCE mission.'

Syd sf 01:08 GMT March 21, 2014
Asia

thanks SFX - didn't see that - still think we will see an upswing in $yen at some point after testing the bottom.

gold is up - so bit supportive as well.

all the best.

GVI Forex Jay Meisler 00:33 GMT March 21, 2014
Why Markets Trade on Expectations
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Worth reading

Why Markets Trade on Expectations

Singapore Sfx 00:20 GMT March 21, 2014
Asia

Japan Holiday sf...

 




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