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Forex Forum Archive for 04/02/2014

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Click here to join the Live Forex Forum.


dc CB 23:10 GMT April 2, 2014
Fun with Headlines

In the 1990s, Ms. Masters was part of the JPMorgan team that developed credit default swaps, a derivative that played a role in the 2008 financial crisis.

Blythe Masters to Leave JPMorgan Chase

GVI Forex Jay Meisler 22:37 GMT April 2, 2014
Does HFT Impact You?
Reply   
John wrote this article and it is sure to become a topic of ongoing discussion

Does HFT Impact You?

dc CB 22:18 GMT April 2, 2014
POMO no moro Stox To NEW highs
Reply   
seems this is the page to watch
The Daily FREE MONEY 0.05% page

$106bln today

POMO winding down Reverse Repo ???
Hey with HFT you don't need more than 24hrs/$100bln to make your bones.

Fed's Repo Page

dc CB 22:05 GMT April 2, 2014
Fun with Headlines
Reply   
Change the face of the First Female CEO of General Motors to the Face of the First Female Chair of the Federal Reserve.

Fast Forward to after the SHTF...sometime in the next few years, and change a few words in the story.
+++++++++++++++++++++++++++++++++++++++++++++++++++++
General Motors chief executive Mary T. Barra on Tuesday deflected a barrage of questions on Capitol Hill about the automaker’s failure to fix a deadly ignition-switch flaw, telling lawmakers that she was unaware of the decade-old problem until early this year.

While she repeatedly apologized for a defect that GM has blamed for the deaths of at least 13 motorists, Barra also repeatedly ducked lawmakers’ sometimes testy queries, saying she is awaiting the results of an internal investigation.

GM’s Barra: ‘I cannot tell you why it took years for a safety defect to be announced’

dc CB 21:26 GMT April 2, 2014
U.S. Yields Continue to Rise

in the US Auctions next week...including the vely important 10Y.
The fall last week had more to do with EOQ EOM and 1st day of month allocations and rebalanciing. Plus adding a dollop of Putin Threat into the weekend.

"normally" sometime in the week prior to the Auction, treas are sold to make "space" for the new auctions.

Monday there was the release of the Putin valve, tues was the 1st of the month so some money went into Treas. Today that was done and the Auction effect in now operative.

NY JM 21:09 GMT April 2, 2014
eurusd

Odds say the high but it would be nice to get the help of the ECB

Mtl JP 20:52 GMT April 2, 2014
Your Best Trade Today

john yen will probably depend on how Nikkei trades and if US enthusiasm carriers over into it. one does not want to see rally in the yen and the Nikkei go the other way , does one

Tallinn viies 20:50 GMT April 2, 2014
eurusd
Reply   
most of the years eurusd is making yearly extreme in first quarter.
any idea did we see high or low of the year?

GVI Forex john 20:49 GMT April 2, 2014
Calendar -- Daily Forex Data News



April 2, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Thursday, April 3. Updated: Trading News Events Calendar

HIGH IMPACT NEWS RELEASES: AU- Trade, FR/DE/EZ- Service PMI, EZ- Retail Sales, Consumer Confidence, ECB, CA- Trade, US- Trade, Weekly Jobs, PMI's,

  • Far East: AU- Trade.
  • Europe: FR/DE/EZ/UK- Service PMI, EZ- Retail Sales, Consumer Confidence, ECB
  • North America: CA- Trade, US- Trade, Weekly Jobs, PMI's, Factory Orders, Nat Gas.


GVI Forex john 20:38 GMT April 2, 2014
Your Best Trade Today

June Nilkkei futures 15,080 +180pts cash Niikkei closed Tuesday @ 14946 +154pts

GVI Forex john 20:31 GMT April 2, 2014
Your Best Trade Today

New record high close for S&P. DJIA closes a couple of points
shy of a new record.

Maybe could give USDJPY a boost overnight?

Mtl JP 19:51 GMT April 2, 2014
Global Markets News

paroles paroles... Iran, Russia working to seal $20 billion oil-for-goods deal: sources - rtrs

GVI Forex john 19:38 GMT April 2, 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.

Mtl JP 19:37 GMT April 2, 2014
U.S. Yields Continue to Rise

theoretical sovereign insolvency, fortunately or not, is not unique to the US: it has company in Japan and in Europe.

An exit by the Central Bankers from buying govt bonds - the only buyers in the market - is not an indelicate matter.
One one hand their stopping buying govt bond risks an interest rate rocket with attendant economic collapse into depression.
On the flip side their continued printing promises hyperinflation (by my definition minimum 30% yrly price-inflation). And attendant economic disaster.

GVI Forex Blog 19:36 GMT April 2, 2014
AUD and NZD
Reply   
US interest rates rose following stronger US data. Private sector employment (ADP) for March was close to expectations but February was revised significantly higher. Also, factory orders beat expectations. FOMC members Bullard and Lockhart (non-voters) expected

Australia & NZ Morning Thoughts

Mtl JP 19:18 GMT April 2, 2014
U.S. Yields Continue to Rise

ib 18:47... read recently somewhere that in Japan govt interest payment is in excess of 55% of revenue. wanna hold some JGBs ? and if NOT, how about shorting 'em ?

Paris ib 19:13 GMT April 2, 2014
U.S. Yields Continue to Rise

JP I think you'll find that the FED is holding a mighty lot at the long end. QE was aimed at the long end and it's not over yet. But when it is over, what then?

Paris ib 19:12 GMT April 2, 2014
U.S. Yields Continue to Rise

A weak economy and a flood of money from the FED. We are not at the end of the QE process yet. Money printing continues. That has had a huge role to play. Low wages growth, high household debt levels.... low inflation. The question is where to yields stop rising and what impact that will have on markets. I don't think the bond market sell off is over yet.

Mtl JP 19:10 GMT April 2, 2014
U.S. Yields Continue to Rise

crossed w/your post . tks 4 reading my mind

Mtl JP 19:09 GMT April 2, 2014
U.S. Yields Continue to Rise

john 18:57 - how do you explain why anyone holds longer-term dated Treasuries in light of their interest rates . tia

GVI Forex john 19:07 GMT April 2, 2014
U.S. Yields Continue to Rise

ib just saying I feel U.S. rates are exceptionally low and I keep trying to figure out why. I think it is because structurally the economy is still very weak.

GVI Forex john 19:05 GMT April 2, 2014
Chart Points -- Trading Points
Reply   
Pre-Closing Trading Points...
many more chart points
About Moving Averages
About Bollinger Bands


Paris ib 19:04 GMT April 2, 2014
U.S. Yields Continue to Rise

John rates move. The question is where and why and what impact that will have on the real economy and financial markets. Right now U.S. rates are moving higher... do you think that process has now ended?

GVI Forex john 18:57 GMT April 2, 2014
U.S. Yields Continue to Rise

Personally, I am surprised that L-T yields are currently at such low levels after the Fed has already announced a tapering of USD 30 bln a month and has signaled a taper of another USD 55 bln per month. This suggests to me that rates are where they should be.

Paris ib 18:47 GMT April 2, 2014
U.S. Yields Continue to Rise
Reply   
Everyone in financial markets seems to be very sanguine about the ongoing rise in U.S. Treasury yields and Putin's threat to abandon the USD as an international reserve currency (wars have been started over this issue - Libya / Iraq).... meanwhile out in academia studies have recently been made which contemplate the possibility that the U.S. could see a permanent fall in foreign demand for U.S. Treasuries / rollover risk regarding U.S. Treasuries and the very real threat to the U.S. economy this would entail. It makes for sobering reading.

Rollover Risk

GVI Forex Blog 18:30 GMT April 2, 2014
Focus the ECB Thursday. ADP Dead on Consensus
Reply   
HIGH IMPACT NEWS ITEMS: AU- Trade, FR/DE/EZ/UK- Service PMI, EZ- Retail Sales, Consumer Confidence, ECB, CA- Trade, US- Trade, Weekly Jobs, PMI's

March ADP Private Jobs data were exactly as predicted, and thus had little impact on the markets. Of course we can never be certain if the data will predict the non-farm payroll data on Friday. The relatively solid report took some of the impetus from expectations for a very dovish Fed

Focus the ECB Thursday. ADP Dead on Consensus

bali sja 18:00 GMT April 2, 2014
Your Best Trade Today

well put PAR, i agree with you
no matter what comes out from ECB tomorrow, it will be a win-win situation for euro, charts agree with that too IMO

PAR 17:56 GMT April 2, 2014
Your Best Trade Today

Whatever ECB does Cut or No Cut will always be positive for the Euro . No cut we will talk about high European interest rates boosting the Euro . Cut we will be talking about ECB stimilus boosting the Euro .

And Yellen , she will talk about Dorine and Jermaine , lowering the dollar .

Jerusalem Kb 17:48 GMT April 2, 2014
Pipshunter



FR 16:04:36 GMT - 04/02/2014
you are not holding your EURUSD position any more
---'-
Yes I closed it with 40pips because euro moving in small scale

Lockerbie ck 17:17 GMT April 2, 2014
GTA Forex and Global Markets Survey
Reply   
Does this from the GTA Forex and Global Markets Survey (2nd Quarter) make sense ?

----
THE 2014 HIGH FOR USDJPY WILL BE:

Trader sentiment remained bullish for the USDJPY but expectations for the high for the year were lower than the start of the year survey. 14% expected the high to be below 105 vs. 5% in the prior survey and 35% above 110 vs. 68% in the poll at the start of the year. The highest concentration (51%) was within 110-115 vs. 38% in this region at the start of the year survey."
---

It seems to say 35% expect USD/JPY high for the year to be over 110 but at the same time 51% expect it to be between 110 and 115 (ie higher than 110) .

Of course that may be correct if 16% expect it to be exactly 110. Or just maybe it should have been reported that 51% expect it to be between 105 and 110 ?

Either way careless. A simple table would be clear (add another col for previous if required).
eg. if this is what was intended:-

<105 14%
105-110 51%
110-115 35%
>115 0%

Or tell me that I cannot read figures and please explain.

Mtl JP 17:10 GMT April 2, 2014
Your Best Trade Today



and global-view player not only publicly foresaw but played those characters... ahead of their time:
Jerusalem Kb 22:33 GMT April 1, 2014
Pipshunter: Reply
Sell EURUSD
Entry: 1.3795 Target: 1.3680 Stop: 1.3850
Sold

NY JM 16:39 GMT April 2, 2014
Your Best Trade Today

EUR longs got cold feet to hedge against a just in case ECB day tomorrow.

PAR 16:15 GMT April 2, 2014
Global Markets News

Peripheral european interest rates are already too low .
Before the Euro , Spain and Italy almost never had interest rates below 4 % .

PAR 16:15 GMT April 2, 2014
Global Markets News

Peripheral european interest rates are already too low .
Before the Euro , Spain and Italy almost never had interest rates below 4 % .

GVI Forex john 16:12 GMT April 2, 2014
Fixed Income Snapshot

Late in European trade, prices in prime fixed income markets are lower in response to what has developed into "risk-on" session with equities broadly higher ahead of the ECB policy decision tomorrow.

European equity prices are closing higher, as U.S. shares are in range of all-time highs. Peripheral European bond prices are mostly higher on hopes of ECB ease.

FR 16:04 GMT April 2, 2014
Pipshunter

you are not holding your EURUSD position any more?

FR 16:03 GMT April 2, 2014
EURUSD

Thanks Sir,

with best wishes.

Mtl JP 15:59 GMT April 2, 2014
Your Best Trade Today

so at first S&P rallies and dlryen laggs
then S&P pulls back some usdyen pops some...
one of those "just shoot me" days
-
euro 50 support appears stronger than I had initially estimated as minor

Jerusalem Kb 15:53 GMT April 2, 2014
Pipshunter

Sell EURUSD
Entry: 1.3795 Target: 1.3680 Stop: 1.3850
Sold


tokyo
----'
Out with 40pips+ very lazy market

Amman wfakhoury 15:37 GMT April 2, 2014
EURUSD

FR
EURUSD 13735 confirmed will be reached ..any rise above 13775 will return to it.

Mtl JP 15:33 GMT April 2, 2014
Global Markets News

non-voting dove Bullard yakking already:
- forecasts first rate hike in Q1 2015
- says his forecast ahead of most of committee
- says his first rate hike forecast is Q1 2015
- faster U.S. growth also may lift inflation

Mtl JP 15:25 GMT April 2, 2014
Your Best Trade Today

minor up-sloping t-line support on the euro hourly at 52

Mtl JP 15:17 GMT April 2, 2014
Global Markets News

apparently this is Mario Draghi's Favorite Joke

Mtl JP 15:09 GMT April 2, 2014
Global Markets News

so ... the BET is on either:
intense debate or
concrete policy actions

FR 14:53 GMT April 2, 2014
EURUSD
Reply   
Sir(Amman Wfakhoury),

There is any confirmed direction for EURUSD after breaking 137.80????

GVI Forex Blog 14:52 GMT April 2, 2014
Global Markets News
Reply   
Speculation continues ahead of Thursday's ECB meeting. Press reports out overnight suggested that there would be an intense debate about the ECB's inflation outlook although there was clear consensus about whether concrete policy actions would be forthcoming

TradeTheNews.com US Market Update: Positioning Ahead of ECB and NFPs

GVI Forex john 14:49 GMT April 2, 2014
Calendar -- Daily Forex Data News
Reply   


April 2, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Thursday, April 3. Updated: Trading News Events Calendar

HIGH IMPACT NEWS RELEASES: AU- Trade, FR/DE/EZ- Service PMI, EZ- Retail Sales, Consumer Confidence, ECB, CA- Trade, US- Trade, Weekly Jobs, PMI's,

  • Far East: AU- Trade.
  • Europe: FR/DE/EZ/UK- Service PMI, EZ- Retail Sales, Consumer Confidence, ECB
  • North America: CA- Trade, US- Trade, Weekly Jobs, PMI's, Factory Orders, Nat Gas.


london red 14:44 GMT April 2, 2014
cable
Reply   
some stops under london am low should run us nicely into 16605 buy zone. down to 6594 with stop below 200 hour should work into tom am data.

GVI Forex john 14:30 GMT April 2, 2014
Weekly US API Data
Reply   



NEWS ALERT
(Estimates and Previous data for EIA Survey)
Crude Oil: -2.400 vs. +1.000 exp vs. +6.620 prev.
Gasoline: -1.600 vs. -1.000 exp vs. -5.100 prev.
Distillates:+0.550 vs. 0 exp vs. 1.560 prev.
Cap/Util: 87.70% vs. n/a exp vs. 85.60% prev.

TTN: Live News Special Offer

Livingston nh 14:23 GMT April 2, 2014
Your Best Trade Today

Stox are trading w/ one eye on FI - SPX 1867 is a test lvl for this qtr end bounce -- higher rates might provide the knee jerk reaction in currency and stox

Mtl JP 14:12 GMT April 2, 2014
Your Best Trade Today

eur/$ targeting 50 day 1.3729 test

GVI Forex john 14:00 GMT April 2, 2014
February 2014 U.S. Factory Orders
Reply   



ALERT
+1.60% v +1.20% exp v -0.70% r -1.00% pre


TTN: Live News Special Offer



Direct links to primary data sources

NY JM 13:45 GMT April 2, 2014
Your Best Trade Today

It feels like the calm before the next storm

GVI Forex john 13:05 GMT April 2, 2014
Your Best Trade Today

With the ADP data out of the way, the focus turns now to the ECB policy decision tomorrow. Its a toss-up on whether they ease or not. It seems the Germans never favor policy ease, and they have the strongest influence on policy decisions, so I have no strong opinions either way on whether they ease. Nevertheless, a possible policy easing is the focus of the markets heading into Thursday and that should be stocks supportive.

The ADP data were not a disaster, so the expectations for a dovish Fed have eased a bit. the 10-yr last was 2.79% +2bp vs. 2.77% before the data. This is how a data-dependent market works.

S&P futures are now unchanged on the day and USDJPY is now lower as a result.

GVI Forex Jay Meisler 12:51 GMT April 2, 2014
Wednesday's Trading Outlook
Reply   
Posted earlier on GVIForex



Video Market Update

USDJPY meetings initial objective, EURUSD focus on 1.38 ahead of the ECB meeting.

Mtl JP 12:40 GMT April 2, 2014
Canada Dollar
Reply   
1.1000 = currently support

GVI Forex john 12:38 GMT April 2, 2014
March 2014-- U.S. ADP Private Jobs

Its hard to trust the ADP data as a predictor of NFP. Keep in mind they "sneak in" after the fact revisions to the data subsequently. It turns out they have several shots at the data so you have to be careful examining the figures after the fact.

In general, its my impression that the ADP data recently have tended to over-estimate jobs growth.

Livingston nh 12:30 GMT April 2, 2014
March 2014-- U.S. ADP Private Jobs

NFP Plug factor is usually favorable for March - but Yellen has gone to an ad hoc policy and dropped the unemployment rate from the radar so markets may not know which way to jump on favorable report

GVI Forex john 12:25 GMT April 2, 2014
March 2014-- U.S. ADP Private Jobs

Mark Zandi, chief economist of Moody’s Analytics, said, "The job market is coming out from its deep winter slumber. Job gains are consistent with the pace prior to the brutal winter. The gains
are broad based across industries and business size classes. Even better numbers are likely in coming months as the weather warms.”

PAR 12:22 GMT April 2, 2014
HFT
Reply   
Imho HFT is reducing the movements in the FX market .

GVI Forex john 12:20 GMT April 2, 2014
March 2014-- U.S. ADP Private Jobs

Monthly jobs U.S.
ADP Employment data exactly as forecast.






Click on chart for more than 10-yr history





Direct links to primary data sources

london red 12:19 GMT April 2, 2014
jobs

adp reduces chance of sub 150 print but seen some estimates for friday of 250-300k. most 200-225.
i obviously dont care either way of the number but think a miss may give more bang (in trends of size of move) than a beat.

PAR 12:18 GMT April 2, 2014
jobs

Below expectations of 195.000 but some positive revisions .
Rather mediocre number , confirming that it is difficult for Us citizens to get a job as Yellen keeps on saying .

Mtl JP 12:16 GMT April 2, 2014
jobs

ADP needs to print +/- 50K from the expectation to elicit +/- 50 pip reaction move in eur/$

GVI Forex john 12:15 GMT April 2, 2014
March 2014-- U.S. ADP Private Jobs

ADP dead on estimates

london red 12:12 GMT April 2, 2014
cable
Reply   
use any weakness to 16605 to buy. todays construction was never expected to beat but tomorrow services is a much more realistic target to go for. 16688 may cap again

london red 12:10 GMT April 2, 2014
jobs
Reply   
should be a fair bit of focus on adp jobs up shortly and though correlation to nfp is sketchy, should give the euro a nudge. sittng just above the 200 hour, support at 80 and 69, march 30th should be safe ahead of ecb tom
21 day on upside will probably cap into ecb unless adp shocker, further at 13837 and 51 good areas to short if seen into ecb tom as ultimately that on thurs and nfp on friday is what we are all waiting for.

Jerusalem Kb 12:05 GMT April 2, 2014
Pipshunter

Crude
Entry: Target: Stop:

Hit SL with 45pips-

GVI Forex john 12:04 GMT April 2, 2014
March 2014-- U.S. ADP Private Jobs
Reply   

HEADS-UP: Data (forum top)
EURUSD= 1.3795
GBPUSD= 1.6653
USDJPY= 103.68

US 10-yr= 2.77%
DE 10-yr= 1.60%
GB 10-yr= 2.75%
(Manually refresh forum to update Calendar)

Direct links to primary data sources

GVI Forex Jay Meisler 11:51 GMT April 2, 2014
USDJPY

JP, let's put it in perspective.

USDJPY closed 2013 at 105.25 (last at 193.68) so it is still down on the year. Similarly, EURJPY closed 2013 at 144.98 (last at 142.98).

You are focusing on the phrase "tear higher" while I found the higher bottoms more interesting.

So to answer, I do not see it tearing higher as it has to get to through the Jan 2 high at 105.44 to break fresh ground. Risk is pointed in that direction but it has a ways to go before considering a tear higher.

Mtl JP 11:41 GMT April 2, 2014
USDJPY

Jay I thought my question was simple.
-
do u expect that usdyen tear higher towards 110 correlation to hold and to mitigate potential S&P "asset" from collapsing

PAR 11:14 GMT April 2, 2014
Japanese Economy Looking Forward with Inflation Getting Traction

After 30 years of deflation Tokyo is the most expensive city in the world . Strange ? Imho says a lot about how inflation is calculated versus real price levels .

GVI Forex john 11:13 GMT April 2, 2014
Your Best Trade Today

Pretty Clear from the overnight charts that spot USDJPY was following the Nikkei, which followed the rally in the S&P yesterday.

Of course the Nikkei futures follows the S&P in the hours when the cash equity market in Japan is closed. So far today, there have been no divergences between the S&P futures and USDJPY.

Today the ADP Private Payroll data in about an hour will set the U.S. tone for the rest of the week. The SURPRISE will be if the weather related do NOT start to wash out street estimates are for a level of something around +190K after 139K in February.

GVI Forex Blog 10:54 GMT April 2, 2014
Japanese Economy Looking Forward with Inflation Getting Traction
Reply   
Forex trading is appealing to investors for many reasons. However, the foreign market is massive, complex and brutally competitive. Forex trading is dominated by major banks, trading companies and funds. In addition, these powerful entities integrate all new data into the market’s prices. The foreign exchange is a tricky place to make money, and those who are not experienced should practice their trading

Japanese Economy Looking Forward with Inflation Getting Traction

London 10:44 GMT April 2, 2014
New signals on Eur/Usd
Reply   
Buy EURUSD
Entry: 1.37903 Target: 1.38215 Stop: 1.37765

EUR/USD moved higher on Tuesday, violating the upper boundary of sloping channel, but met resistance at the 1.3810

Our target: 1.38215


Posted with permission of global-view.com

Forex Signals

GVI Forex Jay Meisler 10:11 GMT April 2, 2014
USDJPY

JP, here is something on Japanese equities

Quotes from Societe Generale Cross Asset Research:

-Japan equities are likely to benefit from a further extension of the BoJ QE programme by April to fend off headwinds from an increase in the consumption tax. This is indeed bearish for Yen but bullish for Topix as the extended leg of the yen fall may lead up to an +18% increase by summer. After that leg, we would not buy into Japanese equities and would switch out and take profits.

Source: FXWire Pro - Research & Analysis

PAR 09:55 GMT April 2, 2014
ECB
Reply   
Lack of structural reforms in Europe will force the ECB to act . Has seen in the past lowering interest rates will make the Euro stronger and the economy weaker as more money flows into peripheral bonds where it is not put to work in the real economy but helps financial institutions a la Banco Monte di Paschi .

GVI Forex Jay Meisler 09:39 GMT April 2, 2014
USDJPY

JP, I was only passing on what I thought was a good analysis by a GVI member but it is consistent with what I have been saying about post-fiscal yearend USDJPY risk/direction. FWIW I think I heard April is often the best month of the year for the DJIA but that came from Bubblevision.

Market has 105 in its sights but needs to stay above 103.50 to keep it that way. S&P and Nikkei are the wild cards in any JPY call

GVI Forex Blog 09:36 GMT April 2, 2014
Global Markets News
Reply   
Tokyo markets got a boost from strong economic data in the US session, with rising treasury yields translating into stronger dollar/weaker yen and subsequently higher equity prices. USD/JPY hit 9-week highs above 103.90, while Nikkei225 breached the psychological 15,000 mark - also its 3-week high.

TradeTheNews.com Asian Market Update: China property names rally after reports of potential easing of curbs; Copper spikes after a powerful and shallow 8.2 earthquake off Chile

Mtl JP 09:21 GMT April 2, 2014
USDJPY

USDJPY GVI Forex Jay Meisler 00:53

where do you expect a "tear higher towards 110" to put the correlated S&P500 ?

GVI Forex Blog 09:14 GMT April 2, 2014
ADP Jobs Today. Focus Then Turns to ECB Thursday
Reply   
HIGH IMPACT NEWS ITEMS: US- ADP Jobs, Factory Orders

The major focus today is March ADP Private Jobs report which can provide an inkling on how the Friday Non-Farm payrolls data will turn out. Weather related effects are expected to start to work out of the data.

GVI Forex john 09:06 GMT April 2, 2014
March 2014 Eurozone PPI

PPI more pressure on ECB to ease tomorrow?

GVI Forex john 09:01 GMT April 2, 2014
March 2014 Eurozone PPI
Reply   




ALERT
mm: -0.20% vs. +0.00% exp. vs. -0.40% prev.
yy: -1.70% vs. -1.60% exp. vs. -1.60% prev.


TTN: Live News Special Offer


Direct links to primary data sources

GVI Forex john 08:48 GMT April 2, 2014
Fixed Income Snapshot
Reply   
Early in European trading hours, prices in prime fixed income markets are broadly lower after the rally in U.S. shares on Tuesday has carried over into overseas markets today in the Far East and Europe.

Heading into the ADP data today, this looks to
be shaping up as "risk-on" session. Peripheral European bond prices are mixed. U.S. equity futures are stronger.


NY Bob 08:20 GMT April 2, 2014
EURJPY

Thanks for the update sir. Looking forward for the target of 142.30. Have a good rest of the day.

Amman wfakhoury 08:03 GMT April 2, 2014
EURJPY
Reply   
we are back to 142.30 unless 1 hr bar closed above 143.31

Johannesburg HvW 07:48 GMT April 2, 2014
GBPJPY 173.00

Thank you Mr.Wfakhoury.

Much appreciated.

Continued success to you.

PAR 07:48 GMT April 2, 2014
EURUSD
Reply   
Imho as I have been saying for months 1.4000 before 1.3000 . Yellen has a policy of being extremely dovish so that the dollar goes down and the stock market goes up .

The only way the FED can influence the job market is by devaluing the currency , all the rest does not work and that she knows very well .

PAR 07:42 GMT April 2, 2014
Manuel Valls putting France on a Greek Path

WSJ

"One of the first economic tasks facing France's new prime minister will be to lead a renewed offensive against the European Union's prescription of austerity".

Melbourne Qindex 07:41 GMT April 2, 2014
Currency Strength

EURJPY
Entry: Target: Stop:




jkt abel 05:26:04 GMT - 04/02/2014
thanks Dr. Qindex. In other words, stay long eurjpy IMO


==============================================


EUR/JPY : I am expecting the market to challenge the barrier at 144.260 // 144.357 in the New York session.


Qindex.com

EUR/JPY : Monthly Cycle Charts

NY Bob 07:39 GMT April 2, 2014
EURJPY
Reply   
wfakhoury: Sir your view on eurjpy please.

PAR 07:32 GMT April 2, 2014
Manuel Valls putting France on a Greek Path
Reply   
France already behind on its budget reduction goals and the new prime minister again wants more time to reduce the deficit further .

He is counting on Draghi to do his job and as with the agricultural policies counting on Europe to pay the bill .

With Banco di Monti Paschi , Draghi managed to help the Italians.

Will he do the same for Hollande who is not liked at all in France.

Manuel Valls thinking is spend more, tax less and let Europe and Draghi take care of the deficits .

Amman wfakhoury 07:28 GMT April 2, 2014
GBPJPY 173.00
Reply   
173.00 confirmed will be reached ,unless 1 hr bar closed below 172.57 then 172.06 will be seen again.

Krasnoyarsk 06:32 GMT April 2, 2014
NZ dollar.
Reply   
New Zealand on the right track!

Today in his speech, Prime Minister of New Zealand John Key has officially declared that state debt will be reduced and will be up to 20% of GDP. Currently this level is 35.9 %. But he doesn’t say about time.
New Zealand will show a smaller budget surplus next year, because new targets announced above.
The rising interest rates are inevitable. This information, which usually sees the market with optimism and growth rate, but now optimism for New Zealand is the depreciation of the national currency in order to support exporters, and government revenues. Because budgetary constraints is major constraint NZ Dollar growth.
I think that now there is reason for investors and traders. To support the Government of New Zealand. Because identifies goals to reduce public debt.
On the background of statements released statistics ANZ Commodity Prices for March fell to -0.1%
Thus, the government has supported the depreciation of the national currency. Because promised to increase the growth of capital outflows to service the public debt. In my opinion, it is more important than raising rates. Because will be reduced the U.S. dollar liquidity in the country, and after the rate increase currency growth will happen. Need to move away from the highs. And the time of peak harvesting is over. And the first macro indicator signaling a decrease in net earnings of companies went below zero

Hong Kong AceTrader 06:27 GMT April 2, 2014
AceTrader April 2: Euro edges higher to 1.3815 on Tuesday
Reply   
Market Review - 01/04/2014 23:42GMT

Euro edges higher to 1.3815 on Tuesday

The single currency gained against the greenback on Tuesday as Monday's comments from Yellen continued to weigh on the dollar and due to the release of better-than-expected German unemployment data.

Despite trading sideways in Asia, the single currency rose to 1.3802 in European morning after German unemployment came in better-than-expected. Price edged higher to an intra-day high at 1.3815 at New York open on continued weakness in dollar after Yellen's dovish comments on Monday. Later, euro pared some of its gains and retreated to 1.3790 in New York morning before stabilizing.

Germany Feb unemployment rate came in at 6.7%, better than the forecast of 6.8%.

Versus the Japanese yen, the greenback traded with a firm undertone in Asia and continued to strengthen throughout European session on yen's broad-based weakness as Japan's sales tax rose today. Dollar eventually hit an intra-day high at 103.71 in New York afternoon.

Although the British pound traded sideways in Asia and edged higher to session high at 1.6675 in early European morning, price came under selling pressure after data showed a drop in U.K. manufacturing PMI in March and fell to an intra-day low at 1.6619 at New York open. However, cable pared intra-day losses and recovered to 1.6653.

U.K. manufacturing PMI came in at 55.3, lower than the forecast of 56.7.

In other news, Eurogroup's Dijsselbloem said 'Greece has an ambition not to ask for another bailout, but it is too early to say if this will be possible; France is well aware of its commitments, was already given more time, new French Cabinet will be aware of its obligations.'

On the data front, Italy unemployment rate came in at 13.0%, weaker than the forecast of 12.9%, previous reading is revised to 12.9%. Germany Mar manufacturing PMI came in at 53.7, weaker than the forecast of 53.8. U.S. ISM manufacturing rose to 53.7 from 53.2 previously.

Data to be released on Wednesday:

Australia building approvals, U.K. PMI construction, EU PPI, U.S. ADP employment change, ISM New York, factory orders.

Johannesburg HvW 06:01 GMT April 2, 2014
GBPJPY 100 pips move

Undoubtedly the right call, pity about the dip at first.
Thank you once again.
Current view plse?
Continued success to you, Mr.Wfakhoury.

jkt abel 05:26 GMT April 2, 2014
Currency Strength

thanks Dr. Qindex. In other words, stay long eurjpy IMO

GVI Forex Blog 04:54 GMT April 2, 2014 Reply   
***Economic Data*** - (AU) AUSTRALIA FEB BUILDING APPROVALS M/M: -5.0% (largest decline in 8-months) V -2.0%E; Y/Y: 23.2% V 27.9%E - (AU) AUSTRALIA FEB JOB VACANCIES: +2.6% V -1.7% PRIOR - (JP) JAPAN

TradeTheNews.com Asian Market Update: China property names rally after reports of potential easing of curbs; Copper spikes after a powerful and shallow 8.2 earthquake off Chile - Source TradeTheNews.c

mukalla Sharaf 04:50 GMT April 2, 2014
the old expct
Reply   
your expct. for g/yen 100 pips move frm 172.80 was old
because it [email protected]/4-12:00GMT and your expct was @ 2/4-04:00
please furnish us by fresh idea

Syd 04:48 GMT April 2, 2014
April 1, 2014, 9:17 p.m. EDT Australian building approvals drop
Reply   
SYDNEY--Approvals to build houses and apartments in Australia fell in February, a pause after strong gains over the past year fueled by record low interest rates.

Building approvals declined 5.0% from January, the Australian Bureau of Statistics said Wednesday. In January, approvals jumped 6.9% from December.

Building approvals were up 23.2% in February from a year earlier, the data showed

Permits to build houses fell by 2.1% in February from a month earlier, while approvals for apartments, townhouses and other dwellings dropped by 8.7%.

link

Melbourne Qindex 04:48 GMT April 2, 2014
Currency Strength
Reply   



The current currency strength is EUR/USD > GBP/USD > AUD/USD > USD/JPY


Qindex.com

Quantum Index Analysis

Amman wfakhoury 04:19 GMT April 2, 2014
GBPJPY 100 pips move
Reply   
100 pips moved 171.80-172.80

Amman wfakhoury 04:16 GMT April 2, 2014
EURJPY 100 pips move

100 pips moved from 142.30-143.30

GVI Forex Blog 03:27 GMT April 2, 2014 Reply   
The global markets trade in the positive territory as a better than expected

Morning Briefing : 02-Apr-2014 -0327 GMT

Hong Kong AceTrader 02:15 GMT April 2, 2014
Intra-Day Market Moving News and Views AUD/USD
Reply   


02 Apr 2014 01:34GMT

AUD/USD - 0.9231... RBA says 'Australia well placed in implementing many fincl reforms; no case for significant change to stability policy; current regulatory coordination is working well.'

Australia Feb building approval came in at -5.0% m/m and 23.2% y/y, weaker than the forecast of -2.0% n 27.9% respectively.

Melbourne Qindex 01:01 GMT April 2, 2014
GBP/AUD : Critical Point 1.8084
Reply   
GBPAUD
Entry: Target: Stop:





GBP/AUD : The market is positive when it is trading above the critical barrier at 1.7940 // 1.8084.


Qindex.com

GBP/AUD : Monthly Cycle Charts

GVI Forex Jay Meisler 00:53 GMT April 2, 2014
USDJPY
Reply   
This was a post on GVIForex by one of our savvy members and worth reporting here

$JPY topped out in May 2013 at 103.74 after rallying from 78 in six months. After an initial retracement to 93.80 we settled into a range of 96/101ish for six months. We now are on the 5th month of a modified (higher) range 101/106ish

Lows have been higher 93.80, 95.80, 96.60, 100.75 and we are now back at the 103.74 high 11months after we were first here.
After all this massive range work a close above 103.75 this week and we could be off on another tear higher towards 110 IMHO.

Melbourne Qindex 00:22 GMT April 2, 2014
EUR/AUD : Critical Point 1.5039
Reply   
Buy EURAUD
Entry: Target: Stop:




EUR/AUD : Speculative buying interest will increase when the market is trading above the critical point at 1.5039.


Qindex.com

EUR/AUD : Monthly Cycle Charts

GVI Forex Blog 00:22 GMT April 2, 2014
Forex News
Reply   
* Yen stuck in downtrend as risk appetite stays buoyant

* U.S. stocks post record-closing high

* Euro resilient as no easing expected from ECB on Thursday

FOREX NEWS -Yen still friendless, euro firms ahead of ECB

 




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GVI Trading. Potential Price Risk Scale
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Mon 27 May 2019
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