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Forex Forum Archive for 03/25/2014

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


nw kw 22:10 GMT March 25, 2014
The only way is up

USD Durable Goods Orders (FEB
Euro at Risks for Further Losses as U.S. Durable Goods Rebound

GVI Forex john 21:02 GMT March 25, 2014
Calendar -- Daily Forex Data News



March 25, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, March 26. Updated: Trading News Events Calendar

HIGH IMPACT NEWS RELEASES: US- Weekly Mortgages, Durable Goods Orders, flash Markit Service PMI, Weekly Crude, 5-yr Auction

  • Far East: No Major Data.
  • Europe: No Major Data.
  • North America: US- Weekly Mortgages, Durable Goods Orders, flash Markit Service PMI, Weekly Crude, 5-yr Auction Survey.


GVI Forex john 20:36 GMT March 25, 2014
Weekly US API Data
Reply   



NEWS ALERT
(Estimates and Previous data for EIA Survey)
Crude Oil: +6.300 vs. +3.000 exp vs. +5.800 prev.
Gasoline: -2.840 vs. -1.000 exp vs. -1.470 prev.
Distillates: +0.270 vs. -1.50 exp vs.3 -3.100 prev.
Cap/Util: 86.8% vs. n/a exp vs. 85.60% prev.

TTN: Live News Special Offer

PAR 20:28 GMT March 25, 2014
The only way is up

First ... Happy Easter

Phila Caba 20:23 GMT March 25, 2014
The only way is up

Eur/chf unable close below 1.2200,..260 and 300 is next. Merry Christmas.

PAR 20:12 GMT March 25, 2014
The only way is up
Reply   
EURUSD unable to close below 1.3800 with strong buying from Us investors . USDJPY unable to close below 102,00 .
Big gains in Chinese , European and Us markets this week .
Risk on in big way .

GVI Forex john 19:45 GMT March 25, 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.

JERUSALEM KB 19:37 GMT March 25, 2014
Pipshunter

Buy AUDUSD
Entry: 0.9160 Target: 0.9240-0.9340 Stop: 0.9090

BOUGHT AUDUSD

GVI Forex john 19:05 GMT March 25, 2014
Chart Points -- Trading Points
Reply   
Pre-Closing Trading Points...
many more chart points
About Moving Averages
About Bollinger Bands


GVI Forex Blog 18:27 GMT March 25, 2014
US Data Mixed. DE IFO Soft. U.K. Inflation in Line. Active U.S. Calendar Wednesday
Reply   
HIGH IMPACT NEWS ITEMS: US- Weekly Mortgages, Durable Goods Orders, flash Markit Service PMI, Weekly Crude, 5-yr Auction

U.S. data Tuesday were mixed with the Richmond Fed Index and New Homes Sales data weak. The Conference Board Consumer Sentiment Index (longer-term) was considerably stronger than forecast.

US Data Mixed. DE IFO Soft. U.K. Inflation in Line. Active U.S. Calendar Wednesday

GVI Forex Jay Meisler 17:54 GMT March 25, 2014
Your Best Trade Today

Rather than talking it down Draghi's comments seem to be talking up the EUR or at a minimum condoning the current levels.

PAR 17:52 GMT March 25, 2014
Your Best Trade Today

1.4000 before 1.3000. Euro had to Touch
1.4000 before It can drop , as S&P needs to Trade above 1800. Risk on big wat.

london red 17:36 GMT March 25, 2014
Your Best Trade Today

lots of folk planned on it being a lot lower this year. still might, but not looking likely so you gotta hedge it out anyway...
if above 37 then 10 dma up next.

Mtl JP 17:24 GMT March 25, 2014
Your Best Trade Today

just an observation.. took a 8hrs to move from 1.3820 to 1.3750... and just one hour to retrace back

GVI Forex john 17:23 GMT March 25, 2014
Fixed Income Snapshot
Reply   
Late in European trade, prices fixed income markets remained mostly higher on a curious "risk-on"(?) session.

European equities are ending mostly higher. The peripheral European bond prices are mixed to. U.S. equities are up. The U.S. 10-yr was last at 2.73%, -2bp.


london red 16:49 GMT March 25, 2014
Your Best Trade Today

55 hour revisited. if can't cap then 13830/35. on downside 13780 and poss 13792 level of big cme order yesterday

GVI Forex Jay Meisler 16:43 GMT March 25, 2014
Your Best Trade Today

Logic 1 News Algos 0

Mtl JP 16:21 GMT March 25, 2014
Your Best Trade Today

well looks like some stops / supports on the long side were, one by one, touched. But it is sooo painful to get this euro to puke

NY JM 16:20 GMT March 25, 2014
Your Best Trade Today

red, agree and bounced off 1.3750 but would need 1.3775+ to ease the risk, only 1.38+ neutralizes it.

feels like an algo news reaction?

london red 16:18 GMT March 25, 2014
Your Best Trade Today

draghi said nothing new, so would think not personally

Mtl JP 16:16 GMT March 25, 2014
Your Best Trade Today

euro heading to test the 50dma ?

london red 16:02 GMT March 25, 2014
Your Best Trade Today

JP, which nicely leads me onto next possibile playout. euro under 13770 pressures eurgbp but ultimately cable will catch up, so use first fib as a marker to place stop over. but failure to drop sees euro rally and cable to 16570/1.6605 first if/when 16537 taken.

Mtl JP 15:55 GMT March 25, 2014
Your Best Trade Today

red seems like the euro is leading .... judging from eurgbp

london red 15:54 GMT March 25, 2014
Your Best Trade Today

cable nearest value fibo 16537. next 1.6605. 16470 downside. below there 100 day ma

Mtl JP 15:49 GMT March 25, 2014
Your Best Trade Today

Jay priceaction is at 1.378x.. something wrong w/ur post

GVIForex Jay Meisler 15:43 GMT March 25, 2014
Your Best Trade Today

Held former day support at 1.3705, now intra-day resistance.

GVI Forex Blog 15:36 GMT March 25, 2014
Global Markets News
Reply   
European equity markets saw robust gains, helping US equity indices to open higher. European indices are looking to close off their best levels and the strength in US stocks has wilted in the first 1.5 hours of trade.

TradeTheNews.com US Market Update: Early Rally Fades Fast

GVI Forex Jay Meisler 15:05 GMT March 25, 2014
Your Best Trade Today

Stocks (giving back early gains) and JPY remain in correlation.

EURUSD remains fixated on 1.38

Likewise for GBPUSD 1,65 (note better tone while above it)

GVI Forex john 15:05 GMT March 25, 2014
Calendar -- Daily Forex Data News
Reply   


March 25, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, March 26. Updated: Trading News Events Calendar

HIGH IMPACT NEWS RELEASES: US- Weekly Mortgages, Durable Goods Orders, flash Markit Service PMI, Weekly Crude, 5-yr Auction

  • Far East: No Major Data.
  • Europe: No Major Data.
  • North America: US- Weekly Mortgages, Durable Goods Orders, flash Markit Service PMI, Weekly Crude, 5-yr Auction Survey.


Mtl JP 14:54 GMT March 25, 2014
Your Best Trade Today

to the downside ... no resistance or no support ?
not sure I understand your intention

dc CB 14:44 GMT March 25, 2014
Your Best Trade Today

EOM EOQrtr POMO Ramp all in $$BILLIONS range
Tues 1-1.25
Wed 2.25-2.75
Thurs 3.75 - 4.5
Fri 1 -1.25

Short stocks at your own risk

GVI Forex john 14:42 GMT March 25, 2014
Your Best Trade Today

The better side to break would be the downside (no resistance). European officials have been jawboning the EUR lower all day today. However markets can be perverse.

Mtl JP 14:36 GMT March 25, 2014
Your Best Trade Today

JM maybe we need some outside force to bust out of ranges

ex.:
- usdyen still dead in the water unwilling to sink as 50 and 100dma suggest it should
- euro stuck between 1.3720 and 1.3965

NY JM 14:21 GMT March 25, 2014
Your Best Trade Today

Low was 1.3775 (bottom of the minor support zone)

Caution remains in what is still a bipolar tug-of-war market (EUR weaker, GBP, AUD, CAD firmer)

london red 14:20 GMT March 25, 2014
Your Best Trade Today

Possible shs on s&p. hourly shows it well enough. Second shoulder high just done this hour. 1875/6 still key cap.

Mtl JP 14:18 GMT March 25, 2014
February 2014 U.S. New Home Sales

john u r not suggesting to short house builder shares ?
KB Home, Lennar, Pulte, Toll Brothers, D.R. Horton, Hovnanian ect

GVI Forex john 14:16 GMT March 25, 2014
March 2014 U.S. Conference Board Survey



Conference Board Sentiment. CB Survey stronger than forecast. Recall the CB Survey is longer term than Michigan.

GVI Forex john 14:12 GMT March 25, 2014
February 2014 U.S. New Home Sales



New Homes Sales look dead flat to me at a subdued level. A more normal level would be at an annual rate of about 1 mln. We are less than half tat.

Amman wfakhoury 14:12 GMT March 25, 2014
EURUSD 13735

13773 reached

dc CB 14:11 GMT March 25, 2014
Your Best Trade Today

all the more reason for the SnP to tag 1900 by the EOM
Free Money from a re-thunk Yellen

GVI Forex john 14:02 GMT March 25, 2014
Your Best Trade Today

all the numbers were weaker than expected with the exception of the Conference Board Survey.

GVI Forex john 14:01 GMT March 25, 2014
March 2014 U.S. Conference Board Survey
Reply   



NEWS ALERT
83.5 vs. 78.6 exp. vs. 78.1 (r 76.5) prev.


TTN: Live News Special Offer


Direct links to primary data sources

GVI Forex john 14:00 GMT March 25, 2014
February 2014 U.S. New Home Sales
Reply   



ALERT
440K vs. 445K exp. vs. 468K (r 455) prev.


TTN: Live News Special Offer



Direct links to primary data sources

GVI Forex john 13:59 GMT March 25, 2014
March 2014 U.S. Richmond Fed
Reply   



NEWS ALERT
-7 vs. -1 exp. vs. -6 prev.


TTN: Live News Special Offer


Direct links to primary data sources

NY JM 13:48 GMT March 25, 2014
Your Best Trade Today

Sensing a lot of caution after yesterday's whipsaw but unlike yesterday not much in the way of buy stops above the market.

On downside, key levels is 1.3748/58, blocks 1.3704 (also 50 day mva)

Also keep an eye on the 200 period 4 hour mva, which has helped check the downside since the end of Feb. Currently at 1.3754

Yesterday saw resistance at 1.3775-85 so first level of support today (being tested now).

Mtl JP 13:45 GMT March 25, 2014
Global Markets News

Plosser corrects rate forecast in call to CNBC
says he sees 4% rates end-2016, not 3%
says he sees 3% rates at end-2015

London Misha 13:38 GMT March 25, 2014
Observations
Reply   
EURUSD - Key Reversal Up off recent Uptrend on Daily Chart!
USDJPY - Indecisive Doji on Daily Chart!
GBPUSD - Indecisive Long Legged Spinning Top (possibly mildly Bullish Harami). Looks at Uptrend & Medium MA support on Daily Chart.
USDCHF - Key Reversal Down on Daily Chart with possible Horn Top as well!
EURGBP - Key Reversal Up on Daily Chart & close back over recent 50% Fib (0.8370) but nearing Long MA resistance.
AUDUSD - Follow on to Bullish Engulfing Pattern & Bullish Doji with a close right on Long MA resistance on Daily Chart!
USDINR - Gap Down & failed Bullish Hammer follows Bearish Long Black Marubozo & failure at recent combined resistance, all on Daily Chart.
USDZAR - 3rd Black Crow on Daily Chart but no real try lower yet!
USDBRL - Key Reversal Down but also an Indecisive Spinning Top, all on Daily Chart! Nears Long MA support!



Amman wfakhoury 13:10 GMT March 25, 2014
EURUSD 100 pips move
Reply   
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




Amman wfakhoury 13:06 GMT March 25, 2014
EURUSD 13735

100 pips
Did you notice the move of 100 pips as my previous signal
from 13773- 13875

GVI Forex 13:02 GMT March 25, 2014
Europe

EUR dip came from dovish comments by ECB's Makuch

Note where he is from and doubt he has much influence in the ECB

Jozef Makúch Governor, Národná banka Slovenska

Note EURUSD 1,38trades for 5th day in a row

Amman wfakhoury 13:01 GMT March 25, 2014
EURUSD 13735

13802 reached ..and heading twd 13773.

GVI Forex john 13:00 GMT March 25, 2014
February 2014 U.S. Case Shiller-20
Reply   



ALERT
+13.20 vs. +13.30% exp. vs. +13.40% prev.


TTN: Live News Special Offer


Direct links to primary data sources

GVI Forex john 12:39 GMT March 25, 2014
Your Best Trade Today
Reply   
S&P vs. USDJPY in synch on overlay chart. Dax Vs. S&P not so much. Dax improving vs. DAX, but DAX has had a couple of bad days recently.

Case and Shiller Data at the top of the hour is a throw away number. It supposedly is accurate but the data are ancient. IFO analysts are touting the IFO Survey earlier, but they always talk it up. The data did not blow my socks off.

Market starting to shape up as a "risk-on" session heading into U.S. equity trading. We will see how that pans out.

Mtl JP 12:37 GMT March 25, 2014
I Got Screwed

Hundreds rush to rural Chinese banks after solvency rumors
-
forewarned = forearmed

GVIForex Jay Meisler 12:25 GMT March 25, 2014
Global-View Forums - Still the Best!
Reply   
See below for our new video guide

Global-View Video User Guide

Mtl JP 12:14 GMT March 25, 2014
Europe

eurdlr 50dma = current support
drive above 1.3835 would further increase current support's buffer

london red 11:56 GMT March 25, 2014
Europe

55 hour ma in danger, been a good signal of momentum of late

NY JM 11:53 GMT March 25, 2014
I Got Screwed

it is hard to guard against fraud but regulation does offer a recourse for unfair trading practices. there is a difference between fraud and screwing your client.

dc CB 11:51 GMT March 25, 2014
I Got Screwed

If you think you have any protection from a broker just recall Jon Corzine and MFGlobal. A fully regulated firm and "watched" by the CME, a firm in business since the mid 1800's. Still money got stolen and nobody went to jail. The firm destroyed.

The precident has been set. You only have "HOPE" that it won't happen to you personnally.

GVI Forex 11:46 GMT March 25, 2014
Draghi Speech
Reply   
Mario Draghi speaks in Paris

"A consistent strategy for a sustained recovery"

Date: Tuesday, March 25th at 5:00 pm (16:00 GMT)

Mtl JP 11:37 GMT March 25, 2014
Global Markets News

Plosser - via Marketwatch
- Risk of stock volatility as Fed exits
- Rate forecast is not aggressive
- sees short-term rates 3% at end of 2016
- sees first rate hike in 2015
- QE on track to end in October or November
--
no word on when FED will make a 180° turn in its "taper"

GVI Forex john 11:00 GMT March 25, 2014
March 2014 UK CBI Distributive Trades
Reply   




-- NEWS ALERT --

+13 vs. +28 exp. vs. +37 prev.


TTN: Live News Special Offer

Mtl JP 10:52 GMT March 25, 2014
Global Markets News

Saskatchewan gov't genius decides not to take off Russian Standard vodka off gov't monopoly liquor store shelves

GVI Forex Blog 10:46 GMT March 25, 2014
Global Markets News
Reply   
The euro has consolidated Monday's sharp gain attributed to short-covering after Chinese President Xi Jinping told US President Barack Obama that a political resolution to the crisis in Ukraine would serve the interests of all sides.

TradeTheNews.com EU Market Update: German IFO Survey comes in mixed; UK CPI remains below the BOE target

GVI Forex Jay Meisler 10:30 GMT March 25, 2014
I Got Screwed

We have setup a new Broker Reviews section (look under BROKERS) and are looking for good as well as bad reviews. Our goal is to provide a place where you can get honest reviews and hopefully avoid situations such as I Got a Screwed.

We need you to participate to make this work.

Forex Broker Reviews

Syd sf 10:27 GMT March 25, 2014
I Got Screwed

the lesson to be learned from this experience - is you want to get into Forex - you have to deal with proper firms / that are regulated .. and if there are any questions unanswered then you have to move on. Alot of this crap has been stamped out - but once you step outside the mainstream then you can get suckered in by bonuses / BS marketing ploys.

london red 10:23 GMT March 25, 2014
Europe

Bunch of short term fibs 13795-13804 acting as support. Cap at 13830/35. Either side of that last weeks low and 10 day ma on upside.

Syd sf 10:23 GMT March 25, 2014
I Got Screwed

seems if you search the net - they had there licenses elsewhere cancelled over 12 months ago - and there are people complaining for 18 months about not getting their money.

also if you search their australian address in google - you can see its a small office .. they have tried to register here but I'm not sure its been approved or not.

finally most people say this firm is actually in Israel .. so you have some work ahead of you to get to the bottom of this.

Amman wfakhoury 10:18 GMT March 25, 2014
EURUSD 13735

kl shawn 10:10 GMT 03/25/2014
-------------------------
Our system shows movement range will be 60-70 pips only.

kl fs 10:12 GMT March 25, 2014
sell usd
Reply   
Sell USDCHF
Entry: Target: Stop:

sold 0.8830, add if rises first as long as it stays below 0.8875 for daily close

kl shawn 10:10 GMT March 25, 2014
EURUSD 13735

what kind of censored advise is that, keep selling if rise, double up triple up or what? nonstop till broke?

Amman wfakhoury 10:06 GMT March 25, 2014
EURUSD 13735
Reply   
ge peip 09:18 GMT 03/25/2014
EURUSD 13735 confirmed
Amman wfakhoury 15:11 GMT 03/24/2014
13735 confirmed will be reached ..any rise above 13773 will return to it
is still valid or ony change?tks
________________
still valid first we want it to return to 13773 ..this occurs if 1 hr bar closed below 13802 and keeps below it.
if 1 hr bar closed above 13802 then 13830 will be seen.
13802 confirmed and will be reached
any rise above 13830 will return to it.
so sell and add sell if rise.

GVI Forex Jay Meisler 10:00 GMT March 25, 2014
I Got Screwed

A warning for all traders

I Got Screwed

GVI Forex Jay Meisler 09:57 GMT March 25, 2014
Europe

Thanks Red

More logical explanation for a market that had no explanation for the market moves.

london red 09:45 GMT March 25, 2014
Europe

Some large orders on cme were put down to a fat finger but the buys were part of the closing out of a large short euro long gold position.

nw kw 09:43 GMT March 25, 2014
Nat Gas

plumed into natgas trading em me,lost y

GVI Forex Blog 09:41 GMT March 25, 2014
HIGH IMPACT NEWS
Reply   
HIGH IMPACT NEWS ITEMS: US- Case-Shiller Index, CB Consumer Sentiment, New Homes Sales The closely followed German IFO Survey was a touch weaker than expected. We see no impact from the data on ECB policy. U.K. inflation data were in line and suggest a steady BOE monetary policy.

German IFO Survey on Balance Soft. UK Inflation in line. US Conference Board Survey Due

Cambridge Joe 09:40 GMT March 25, 2014
Nat Gas

kw cheers and GL to you also !

nw kw 09:38 GMT March 25, 2014
February 2014 UK CPI/RPIX

e/y more gas

GVI Forex john 09:37 GMT March 25, 2014
February 2014 UK CPI/RPIX



U.K. CPI & RPIX data in line with expectations. GBPUSD steady. .

GVI Forex john 09:35 GMT March 25, 2014
February 2014 UK CPI/RPIX

U.K> inflation largely in line GBPUSD about steady.

London Chris 09:35 GMT March 25, 2014
Europe

Red are you saying the late moves in eur and gld were caused by the eurgld buy order?

nw kw 09:34 GMT March 25, 2014
Nat Gas

thanks for gas Joe but sell e/a now for oil

GVI Forex john 09:31 GMT March 25, 2014
February 2014 UK CPI/RPIX
Reply   




-- NEWS ALERT --

CPI mm: +0.50% vs. +0.50% exp. vs. -0.60% prev.
CPI yy: +1.70% vs. +1.70% exp. vs. +1.90% prev.

RPIX yy: +2.70% vs. +2.60% exp. vs. +2.80% prev.

UK Core Output PPI
yy: +1.10 vs. +1.00% exp. vs. +1.20% prev.


TTN: Live News Special Offer


Direct links to primary data sources

nw kw 09:27 GMT March 25, 2014
Nat Gas

gbp/aud test for gas big s

Cambridge Joe 09:19 GMT March 25, 2014
Nat Gas
Reply   
nGas a bit softer here. IMO. GL

ge peip 09:18 GMT March 25, 2014
EURUSD 13735 confirmed

EURUSD 13735 confirmed
Amman wfakhoury 15:11 GMT 03/24/2014
13735 confirmed will be reached ..any rise above 13773 will return to it

is still walid or ony change?

tks

GVI Forex john 09:10 GMT March 25, 2014
March 2014 German IFO Survey



German Ifo data mixed to weaker than forecast. EURUSD steady.


GVI Forex john 09:04 GMT March 25, 2014
March 2014 German IFO Survey

IFO mixed to weaker vs. expectations and previous data. After dipping initialy EURUSD is about steady.

GVI Forex john 09:01 GMT March 25, 2014
March 2014 German IFO Survey
Reply   



NEWS ALERT
Climate: 110.7 vs. 110.9 exp. vs. 111.3 prev.
Conditions: 115.2 vs. 115.0 exp. vs. 114.4 prev.
Expectations: 106.4 vs. 107.5 exp. vs. 108.3 prev.



TTN: Live News Special Offer



Direct links to primary data sources

GVI Forex john 09:00 GMT March 25, 2014
Fixed Income Snapshot
Reply   
Early in European trading hours, prices in prime fixed income markets are mostly higher. As of this hour traders are unaware if this will be a risk-on or risk-off session. The peripheral European bond prices are mixed. European equities are higher after a weak day on Monday. Far East equity markets closed lower. U.S. equity futures are steady at this hour.



jkt abel 08:45 GMT March 25, 2014
Europe

buy euro on dips as long as 1.3740 holds this week IMO

london red 08:35 GMT March 25, 2014
Europe

draghi comments on exchange rate are what will ultimately decide fate today. yesterdays spike down to exiting of a large short euro/long gold position fwiw.

Brisbane Flip 08:14 GMT March 25, 2014
Europe

Yeah it was probably leaked to someone about 6PM london time yesterday by the looks of the spike -haha

bali sja 07:49 GMT March 25, 2014
Europe

PAR, forget about that 1.3750 eh?

nw kw 07:40 GMT March 25, 2014
Themes

$1000 will dump aud -- ya right

PAR 07:31 GMT March 25, 2014
Europe
Reply   
Euro and European stock markets opening higher as expectations for German Ifo seem too low . Looking for a very strong IFO number hence a higher Euro later today .

Hong Kong AceTrader 07:25 GMT March 25, 2014
AceTrader March 25: Daily Market Outlook on Asian Exotic - USD/KRW
Reply   
DAILY USD/KRW OUTLOOK - 1080.0
25 Mar 2014 05:35GMT

Despite usd's intra-day retreat to 1076.0, subse-
quent rebound suggests pullback fm 1083.0 (Fri) has
possibly ended there, above 1081 confirms, 1083.0

On the downside, below 1076.0 needed to yield
stronger retrace. to 1073.5 before recovery.

Syd sf 07:25 GMT March 25, 2014
Themes
Reply   
++ really tough to position in Aud until RBA guy speaks tomorrow in HK
++ Gold the guy who has predicted the last 2 moves says its going below $1000 and Goldmans jumped on board with $1000 price target // no wonder its had a tough time.
++ China to buy oil from Putin organized in upcoming meeting.

mixed markets .. on autotrade myself.

Cambridge Joe 06:34 GMT March 25, 2014
USDX
Reply   
USDX softer from here for the next few hours. IMO. GL

GVI Forex Blog 03:29 GMT March 25, 2014 Reply   
The global sentiment is a bit mute this morning after

Morning Briefing : 25-Mar-2014 -0324 GMT

dc CB 02:42 GMT March 25, 2014
Auctions

Friday was an extremely volatile day with new record highs being achieved miraculously at the open only to be followed by free-fall in the market's most-loved momentum names into the close.

It seems that the quad-witching was of particular interest to the algos as Nanex notes, a new record was set for most trades in a 1-second interval.

What was even more unusual was the record number of 'unusual' price changes that occurred in the 3 seconds before the market opened and index futures expired. "Efficient" markets indeed...

lgo Activity (And Manipulation) Breaks Record On Friday's Quad Witching Debacle

Hong Kong AceTrader 01:44 GMT March 25, 2014
AceTrader March 25: Euro jumps to 1.3877 after Chinese President Xi urges ....
Reply   
Market Review - 24/03/2014 19:20GMT

Euro jumps to 1.3877 after Chinese President Xi urges a political resolution to the crisis in Ukraine

The single currency jumped to 1.3877 on short-covering after Chinese President Xi Jinping told U.S. President Barack Obama on Monday that a political resolution to the crisis in Ukraine would serve the interests of all sides. Investors bought euro on bets that tension over Ukraine won't escalate into military action.

Xi added that the United States should "distinguish right from wrong" on the issue of China's territorial disputes in the East and South China Seas.

Earlier in the day, although the single currency opened slightly higher in New Zealand to 1.3804 and traded sideways in Asia, price briefly rose to session high at 1.3827 in early European morning due to the release of better-than-expected France manufacturing and services PMIs. However, euro swiftly pared its gains and retreated sharply to 1.3769 and then lower to an intra-day low at 1.3760 ahead of New York open, weighed down by the release of weaker-than-expected German PMIs. Later, price rallied to 1.3877 in thin New York session after comments from Chinese President Xi Jinping.

On the data front, France Mar manufacturing PMI came in at 51.4, better than the expectation of 49.7. France Mar service PMI came in at 51.6, much stronger than the forecast of 47.5. German Mar manufacturing PMI came in at 53.8, worse than the forecast of 54.5. German Mar service PMI came in at 54.0, weaker than the forecast of 55.5.

Versus the Japanese yen, the greenback remained well bid in New Zealand and Australia and rose to 102.57 in Asian morning, helped by the rally in Nikkei. Despite a brief pullback to 102.34, dollar rose to an intra-day high at 102.65 in early European morning. However, price pared its intra-day gains and retreated to 102.13 in New York session on broad-based buying of Japanese yen before recovering.

Although the British pound opened lower to 1.6460 in New Zealand on Monday, price recovered to 1.6497 ahead of Asian open and traded sideways till European session. Cable briefly edged higher to session high at 1.6511 in European morning before falling again to 1.6466. Price later rebounded strongly to 1.6536 in thin New York session after Chinese President Xi Jinping's a political resolution to the crisis in Ukraine.

In other news, BoJ's deputy Governor Iwata said 'among negative factors of deflation was effect of strengthening yen's values, which hurt Japan export; not saying yen should be high or low, just saying policy makers must act if strong yen persists enough to cause job losses; BoJ is not aiming for inflation far exceeding 2%, instead aiming for stable inflation around 2%; risk of deflation will emerge if inflation runs below 1% for long period of time, which is why BoJ has 2% price target; 2% price goal doesn't necessary have to be met strictly in yrs but setting timeframe helps to show BOJ's commitment vs price target.'

Data to be released on Tuesday:

France business confidence, German IFO business climate, current assessment, expect, U.K. CPI, RPI, PPI, ONS house price, BBA loans for house purchase, CBI reported sales, U.S. Redbook retail sales, house price index, S&P house price, consumer confidence New home sales.

GVI Forex Jay Meisler 00:55 GMT March 25, 2014
EUR

tks

bali sja 00:53 GMT March 25, 2014
EUR

ah ha not a pro...
the rest noted Jay

GVI Forex Jay Meisler 00:49 GMT March 25, 2014
EUR

As long as you keep it respectful we have no issues whether you agree or disagree.

nh is not a pro, just someone who has been trading a long time and been with us since almost our beginning.

bali sja 00:43 GMT March 25, 2014
EUR

Jay, the so called pro guys like to take it personal, so bring it on. If he started it he should be the one that end it. Cant believe it if people didnt answer his enquiry because we were away doesnt mean that he can run his mouth here mention my name with ill intention.

GVI Forex Jay Meisler 00:25 GMT March 25, 2014
EUR

Sja, don't make it personal (I cut out the personal reference)

bali sja 00:20 GMT March 25, 2014
EUR

hey Livingston nh, i may have missed your question as I have been away for a few days

what charts are you talking about? I have posted chart that I have been looking at, search the archive

what about your call re gbp touching 1.6450 earlier? white flag now as usdchf keeps tanking? I told you before no matter what charts people are presenting to you, your mind is married to usd, cant help that, go to the trading clinic who will offer you charts with disastrous trade since last year calling for gbp 1.35 too, pro BS.

 




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