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Forex Forum Archive for 04/08/2014

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


dc CB 22:45 GMT April 8, 2014
SSL cracked
Reply   
The vulnerability involves a serious bug in OpenSSL, the technology that powers encryption for two-thirds of web servers. It was revealed Monday by a team of Finnish security researchers who work for Codenomicon, a security company in Saratoga, Calif., and two security engineers at Google.

Researchers are calling the bug “Heartbleed” because it affects the “heartbeat” portion of the OpenSSL protocol, which pings messages back and forth. It can and has been exploited by attackers.

“This still means that the little lock icon (HTTPS) we all trusted to keep our passwords, personal emails, and credit cards safe was actually making all that private information accessible to anyone who knew about the exploit,”

Security researchers are warning organizations to get new private encryption keys as quickly as possible, and warning people to start changing their usernames and passwords immediately, particularly for sensitive accounts like their online banking, email, file storage and e-commerce accounts

Flaw Found in Key Method for Protecting Data on the Internet

GVI Forex john 21:15 GMT April 8, 2014
Calendar -- Daily Forex Data News



April 8, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, April 9. Updated: Trading News Events Calendar

HIGH IMPACT NEWS RELEASES: DE- Trade GB- Trade, US- 10-yr, Fed Minutes

  • Far East: No Major Data.
  • Europe: DE- Trade GB- Trade.
  • North America: US- Weekly Mortgages, Wholesale Inventories, Weekly Crude, 10-yr, Fed Minutes.


Cambridge Joe 20:59 GMT April 8, 2014
Asia
Reply   
Looks to me like asia buys usd reads as softer cable & e/$.
Aususd longs might like to make safe.

Earlier oil short got burned. There were tell-tale signs, but I wasn't at the screen. :-(

IMO. GL

GVI Forex Blog 20:55 GMT April 8, 2014
AUD and NZD
Reply   
The US dollar and US interest rates fell during an overnight session devoid of major events. US equities made a one-month low shortly after the open but then stabilised, the S&P500 currently up 0.3%. US small business confidence beat consensus but had little market impact.

Australia & NZ Morning Thoughts

GVI Forex john 20:37 GMT April 8, 2014
Weekly US API Data
Reply   



NEWS ALERT
(Estimates and Previous data for EIA Survey)
Crude Oil: +7.100 vs. +1.000 exp vs. -2.400 prev.
Gasoline: -3.650 vs. -1.000 exp vs. -1.600 prev.
Distillates:+0.295 vs. 0 exp vs. +0.550 prev.
Cap/Util: vs. n/a exp vs. 87.70% prev.

TTN: Live News Special Offer

GVI Forex john 19:43 GMT April 8, 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.

nw kw 19:38 GMT April 8, 2014
Chart Points -- Trading Points

I have faith in S&P strong [earnings] are support, chart up trend

Livingston nh 19:35 GMT April 8, 2014
Chart Points -- Trading Points

WKLY yen - EUR, USD, CHF at or below 21 sma w/ a lot of white space to the 55 ema

DLY yen - USD holding at 144 ema, EUR and CHF testing the 89 ema

IF stox hold the key maybe Fed Minutes push them thru yesterday low

GVI Forex john 19:34 GMT April 8, 2014
Chart Points -- Trading Points

It gets updated on the close. Pre-closing levels are on forum as indicated

nw kw 19:22 GMT April 8, 2014
BoJ and JPY

reversal hear u/j xagjpy tagged strong support

london red 19:19 GMT April 8, 2014
Chart Points -- Trading Points

yen. above 73 gives crack at 86. underperform v s&p now reversed but beta collapsed so might be nothing more than pre close calm.
risk is still no capitulation rebound plus trendline not quite touched but from tiny seeds big oak tres grow as they say.

Mtl JP 19:09 GMT April 8, 2014
Chart Points -- Trading Points

I use Tools -> Fx Chart Points link.
is that page neglected / what is its purpose ?

GVI Forex john 19:05 GMT April 8, 2014
Chart Points -- Trading Points

one day later

Mtl JP 19:04 GMT April 8, 2014
Chart Points -- Trading Points

why is the gv-chartpoint
for usdyen Pivot 103.17
different from that in your 18:57 post ?

nw kw 19:02 GMT April 8, 2014
Your Best Trade Today

JP so down if chf/jpy brakes big support pivot 115.00, 30.pips down might trigger a fire ball

GVI Forex john 18:57 GMT April 8, 2014
Chart Points -- Trading Points
Reply   
Pre-Closing Trading Points...
many more chart points
About Moving Averages
About Bollinger Bands


Mtl JP 18:50 GMT April 8, 2014
Your Best Trade Today

according to g-v chartpoint
usdyen Pivot = 103.17 today

GVIForex Jay Meisler 18:45 GMT April 8, 2014
Your Best Trade Today

101.50 has replaced 102.50 as the pivotal level that needs to hold to keep it away from key supports. 101.18 and 100.73 (key low and around the4 200 day mva) is the major level.

GVI Forex Blog 18:41 GMT April 8, 2014
Political Tensions in Ukraine a Key Influence. BOJ Unchanged
Reply   
HIGH IMPACT NEWS ITEMS: DE- Trade GB- Trade, US- 10-yr, Fed Minutes

Concern about political tensions in Ukraine created worries in the financial markets were a weight on equity markets in Europe Tuesday and that spilled over into the U.S. This generated flight-to-safety demand for prime sovereign bonds as well.

Political Tensions in Ukraine a Key Influence. BOJ Unchanged

london red 18:40 GMT April 8, 2014
Your Best Trade Today

yen just slightly hesitating to follow stocks lower here. change in momentum maybe. i need to see rebound to 86 then 102.05 then hold 86 ideal on first fail.

GVI Forex Jay Meisler 18:29 GMT April 8, 2014
Your Best Trade Today

This time stocks (giving back gains) adjusted to the JPY. No one ever said this business was easy.

GVI Forex Jay Meisler 18:25 GMT April 8, 2014
Your Best Trade Today

I posted this on GVI Forex this morning and cited key levels in my outlook video:. 101.18 is next key support.

Tuesday's Trading Outlook
GVIForex Jay Meisler 12:07 GMT 04/08/2014 - My Profile
Fading JPY corrections has ended more than one fx career (Google LTCM carry trade meltdown). Times are different now and the current correction has been orderly although price action suggests buyers on dips keep getting stopped so let's look at fib levels:

Using 101.18-104.12, 102.30 61.8% and this has been completed with a brief blip below 102.30

Using 76.4% = 101.87, which is also key support.

GVI Forex Jay Meisler 18:24 GMT April 8, 2014
Your Best Trade Today

I posted this n GVI Forex this morning and cited key levels in my outlook video:

Tuesday's Trading Outlook
GVIForex Jay Meisler 12:07 GMT 04/08/2014 - My Profile
Fading JPY corrections has ended more than one fx career (Google LTCM carry trade meltdown). Times are different now and the current correction has been orderly although price action suggests buyers on dips keep getting stopped so let's look at fib levels:

Using 101.18-104.12, 102.30 61.*% and this has been completed with a

Using 76.4% = 101.87, which is also key support.

Reply

london red 18:23 GMT April 8, 2014
Us stocks

someone put the hammer down. next 47. still a yen move as euro and cable capped by yen cross weakness.

Mtl JP 18:07 GMT April 8, 2014
Us stocks

according to Kocherlakota : "We have to conclude that the FOMC is underperforming with respect to its goal of promoting maximum employment". This character, furthermore, claims that "inflation remains too low at 1%"
-
dlr whack now reaching into wti now, which has popped over one dollar to approx $102.40
--
usdyen 200dma magnetic ?
still bit ways to go
---
still to yak today:
- Plosser
-- Evans

london red 18:00 GMT April 8, 2014
Us stocks

by looks of it 10 year at 38.2 of fall from start of feb this year.

GVI Forex Jay Meisler 17:55 GMT April 8, 2014
BoJ and JPY
Reply   
This explains some of today's price action

...For the second time this week, policymakers from a major central bank cut short expectations for additional stimulus, with the governor of the Bank of Japan, Haruhiko Kuroda, saying Tuesday that there was no need for more monetary support to escape deflation.

Investors had expected the BoJ to indicate more support was forthcoming, and the yen rose as the Bank of Japan kept its policy steady.

"You had a lot of players who were short the yen, and Kuroda dashed the hopes of stimulus," said Richard Scalone, co-head of foreign exchange at TJM Brokerage in Chicago.

The comments from the Bank of Japan followed remarks on Monday by several policymakers from the European Central Bank that they would increase policy easing only if they thought the inflation outlook had deteriorated sharply...RTRS

london red 17:53 GMT April 8, 2014
Us stocks

not quite got there yet. but still no capitulation either. so looks like that one will have to go too. have 47 next then 20. we can go on and on at this rate while stock correlation out window. business end of session approaching so surely still a move in most markets.

NY JM 17:38 GMT April 8, 2014
Us stocks

Red, good call on running through USDJPY 102.05 but holding above 101.87. Stocks diverging.

GVI Forex john 17:09 GMT April 8, 2014
Fixed Income Snapshot

10-yr now 2.68% -1bp after strong 3-yr...

GVI Forex john 17:07 GMT April 8, 2014
Fixed Income Snapshot

3-yr auction 0.895%
bid-to-cover 3.36 vs. 3.25

Mtl JP 16:44 GMT April 8, 2014
Us stocks

as usdyen wobbles S&P resisting sofar

usdyen feeling magnetic pull of 200dma ?

Livingston nh 16:35 GMT April 8, 2014
Us stocks

through late 2012 the 144 dly ema has been support for SPX, RUT, NDX (DJI tracked traditional 200 dma) - In the Jan downdraft the NDX was hardly scratched relative to others, especially DJI, but both RUT and NDX tested 144 ema yesterday while SPX and DJI held up well above // SPX would lose another 50 points or so (1800) if sell-off resumes (YEN ??) -- unlike JAN this has been a "no news" sell-off (so far)

HK [email protected] 16:22 GMT April 8, 2014
Ukraine


Is it all over?

Ukraine activists 'put explosives in seized security services HQ and hold 60 people against their will' as U.S. directly accuses Russia of paying for unrest near the border.

HK [email protected] 16:18 GMT April 8, 2014
No problems:Just place it in a fishing boat and send it to NY.
Reply   


Kerry said that Iran was likely about two months away from being able to produce enough material for one nuclear bomb, though would not necessarily have the ability to deliver a nuclear weapon.

london red 16:10 GMT April 8, 2014
Us stocks

NY, cable at a biggie as well 16750. a move thru here let alone a close above is going to see a big quick move higher.
euro, 21 day has ran trend well over the past few months we are here now. think thru 21/24 would see momentum build.
but as you say all at crossroads now. any further leaks and things get serious you feel.

PAR 16:08 GMT April 8, 2014
Ukraine

Ukraine Moves to Keep Control in East

Russia Warns That Use of Force Could Plunge Country into Civil War

GVI Forex john 16:04 GMT April 8, 2014
Your Best Trade Today

Major divergence between S&P and USDJPY with S&P rebounding and USDJPY still languishing. We mentioned earlier that the U.S almost never follows the lead of Europe in equities. I have never understood how that happens?

Equities in the U.S. are only barely higher at this hour. I am wondering if they can hold,


PAR 16:00 GMT April 8, 2014
Ukraine
Reply   
KIEV, Ukraine — Police began removing the pro-Russian demonstrators occupying eastern Ukrainian government buildings early Tuesday after a tense night of confrontation that officials here accused Moscow of provoking to seek a pretext for invasion.

Protesters were cleared from the regional administration in Kharkiv, Ukrainian Interior Minister Arsen Avakov said, although they remained entrenched Tuesday in similar government offices in Donetsk, where protesters erected a barricade of tires and barbed wire.

to dk 15:58 GMT April 8, 2014
Us stocks



euro

NY JM 15:56 GMT April 8, 2014
Us stocks

This feels like a make (hold) or break time for USDJPY (102.05), EURUSD (1.3808) as well.

GVI Forex Blog 15:40 GMT April 8, 2014 Reply   
April 8, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, April 9. Updated: Trading News Events Calendar HIGH IMPACT NEWS RELEASES: DE- Trade GB- Trade, US- 10-yr, Fed Minutes Far East: No Major

GVI Forex Data Outlook for April 9, 2014

GVI Forex john 15:39 GMT April 8, 2014
Calendar -- Daily Forex Data News
Reply   


April 8, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Wednesday, April 9. Updated: Trading News Events Calendar

HIGH IMPACT NEWS RELEASES: DE- Trade GB- Trade, US- 10-yr, Fed Minutes

  • Far East: No Major Data.
  • Europe: DE- Trade GB- Trade.
  • North America: US- Weekly Mortgages, Wholesale Inventories, Weekly Crude, 10-yr, Fed Minutes.


london red 15:34 GMT April 8, 2014
Us stocks

if stocks continue to hold on/rebound further its ultimately going to come back up a bit but looks like stops are going to be done under 102.05. Needs a spike lower poss to 101.85 then back up to 25/30 to build base. above 20 then 55.
s&p above 52/55 looks better but above 1876 needs to be firmly out of woods.

GVI Forex john 15:34 GMT April 8, 2014
Fixed Income Snapshot

Late in European trade, prices in fixed income markets remain weak as U.S. shares are trading higher. European shares are closing mostly lower. Losses in the DAX appear to be linked to political concerns about Ukraine.

This is a slow period for major data news. The peripheral European bond prices are mostly lower. The U.S. 10-yr was last 2.70%, +1bp.


Mtl JP 15:30 GMT April 8, 2014
USDJPY

re "jawbone"
half-hour after NY noon, Weidmann yaks
title: "Stabile Banken für ein stabiles Europa" - bundesbank

UK HUM 15:29 GMT April 8, 2014
Us stocks

Stocks rebounding so wake up the correlation algos.

GVI Forex Blog 15:25 GMT April 8, 2014
Global Markets News
Reply   
The greenback lost ground against most major currencies overnight, closing in on some key levels against several of the major pairs. Spot gold continues to crep higher, up 0.8% today. Key USD/JPY support is seen around

TradeTheNews.com US Market Update: Equity Correction on Hold in Mid-Morning US Trading

PAR 15:25 GMT April 8, 2014
Us stocks
Reply   
US stocks rallying sharply after some monday blues . Imho looks like this could be a very good week for US stocks.

Paris ib 15:21 GMT April 8, 2014
Hysteria and the Internet

Easier to fund your debt.... yes well. Savers are getting killed and the government / military spending issues is not being addressed. Reserve Currency status leads to overvaluation and the hollowing out of industry. What we are seeing at the moment is that no-one wants to take up the status as international reserve currency for that reason (hence the jawboning in Europe). If you don't assume that being able to run up a massive debt and maintain an overvalued currency for an extended period are positives... then losing that status becomes more attractive. Balance is always good.

GVIForex Jay Meisler 15:14 GMT April 8, 2014
Hysteria and the Internet

I am not sure the lessening role as the world's reserve currency is in the US interest as it is easier to fund your debt when you are the only game in town.

However, it is not going away as the dominant reserve currency. In this regard, need to see a reduced build up of reserves by China, etc and thus less dollars to diversify (would be a EUR negative but also reduced demand for US treasuries?).

Perhaps more important going forwards for the USD is the US becoming self-sufficient in energy as this would argue for a stronger, not weaker currency but that is for a future discussion. All we need here is an energy policy.

Paris ib 15:08 GMT April 8, 2014
Hysteria and the Internet
Reply   
There are major structural changes taking place in the world economy, one of which is the gradual move away from the USD as the sole international reserve currency. This is not a huge deal in my opinion, however, with the invention of the internet and blogs etc. the tendency has been towards increasing levels of hysteria. So - in the internet age - the USD is not just seeing selling pressure, it is collapsing. And so on and so forth. It would probably be in everyone interests to assume that reality is slightly more mundane and dull. The gradual move away from the USD as a reserve currency is in everyone's interests, including the United States. And the adjustment is likely to be considerably less painful than all the doomsday prophets predict.

Paris ib 14:55 GMT April 8, 2014
USDJPY

The EURUSD is well up on the close of the previous three years (circa 1.3100). Europeans would like a bit of a free ride and for the EURO to remain softish, if they can help it. So policy makers will jawbone etc. but if the fundamentals dictate that capital flows into Europe (and it has been) then the EURO will continue to be well supported with further rallies not out of the question. And because the USD remains under pressure that means TAPERING is going to continue.

Paris ib 14:51 GMT April 8, 2014
USDJPY

And repatriation for year end is one thing, repatriation as part of a structural shift is another thing altogether. If Japan is in trouble economically it is not a great stretch to imagine that they may start calling in their foreign savings.

I know the idea making the rounds is that if Japan is in trouble economically and therefore that everyone will flee.... and take their capital with them. I find that idea totally out of touch with the reality of Japanese nationalism and loyalty to their country. Those reserves sitting in U.S. Treasuries have to represent some kind of resource for the country and those reserves are controlled by the Japanese administrators.

GVIForex Jay Meisler 14:49 GMT April 8, 2014
USDJPY

What is more glaring is the USD is now down on the year vs. all but the CAD (and that is well off the USDCAD high) while EURUSD is currently a measly +17 pips on the year so basically unchanged.

So bottom line is that both the USD and EUR have underperformed this year.

Paris ib 14:45 GMT April 8, 2014
USDJPY

Jay I think the market is ahead of itself. It's expecting what? The ECB to start QE (ho ho to that), massive stimulus from China (another joke), and after the idiotic idea that there was going to be a 'wall of money' out of Japan the market expects extra stimulus. The media has a lot to do with all these ludricous 'expectations', not to mention what was the Citibank call? 110 on the USD/JPY.... and why? Why would that happen? I'd like to see a rational expectation for such a move. Currencies aren't share prices, they do not reflect the relative pecking order of economies, what they do reflect is capital flows - including speculative flows - but right now I think the cheer leading for the USD/JPY bull case is a bit a joke.

GVIForex Jay Meisler 14:39 GMT April 8, 2014
USDJPY

ib, last month was the one where you see repatriations for fiscal yearend.

Market is universally bearish JPY and it is up on the year. Everyone is waiting for a helping hand from the BoJ.

Paris ib 14:32 GMT April 8, 2014
USDJPY

USD/JPY - like everything else - depends on international capital flows. Should the Japanese decide or need to repatriate some of their foreign capital - of which they have quite a bit - then the JPY can rally. It can rally even more when you consider that the entire margin universe is short JPY and likely to continue to get stopped. What 'makes sense' depends entirely on your point of view.

Mtl JP 14:29 GMT April 8, 2014
USDJPY

usdyen
100 day 102.91 = Res
20 day 102.56 = Res
50 day 102.37 = probably pivotal
Quote: 102.15
200 day 100.78 = Supp

PAR 14:20 GMT April 8, 2014
USDJPY
Reply   
Buy USDJPY
Entry: 102.25 Target: 110.00 Stop: 102.05

Japan s twin deficits are getting out of control , buying Yen imho makes no sense .

Jerusalem Kb 14:04 GMT April 8, 2014
Pipshunter

Buy USDJPY
Entry: 102.22 Target: 103.9 Stop: 101.95

Last long hit SL with 50pips-

NY JM 13:51 GMT April 8, 2014
Your Best Trade Today

USDJPY would need to get back above 102.25-35 to put 102.50 in play again.

london red 13:42 GMT April 8, 2014
Your Best Trade Today

Possible hourly rev on yen here building. Will then act as line in sand ahead of 102.05

GVI Forex Jay Meisler 13:42 GMT April 8, 2014
Your Best Trade Today

EURUSD running into resistance in the 1.3805-20 zone (high 1.3807)

USDJPY finding support just above 102

Note prior post

GVI Forex Jay Meisler 13:27 GMT April 8, 2014
Your Best Trade Today

Key levels:

EURUSD 1.3805, 1.3820
USDJPY 101.87, 101.18
GBPUSD 1.6786, 1.6822

Watch EURUSD 1.38 and USDJPY 102 as respective bias setters.

GVI Forex Jay Meisler 13:20 GMT April 8, 2014
Server issue
Reply   
Our techs are working on our server as indicated last night so our apologies for the minor interruption.

GVIForex Jay Meisler 12:51 GMT April 8, 2014
The only way is up .

Par, Fed does not determine fx policy, that is the Treasury's responsibility.

PAR 12:39 GMT April 8, 2014
The only way is up .

13780 broken leaves the way open to 1.3940.

Still 1.4000 before 1.3000. Yellen wants to devalue the Us dollars and Us has been big seller of dollars . Devaluing a currency is better than QE .

HK [email protected] 12:38 GMT April 8, 2014
Backfire!!!
Reply   


Russia will not import GMO products - PM Medvedev

Russia will not import GMO products, the country’s Prime Minister Dmitry Medvedev said, adding that the nation has enough space and resources to produce organic food.

Moscow has no reason to encourage the production of genetically modified products or import them into the country, Medvedev told a congress of deputies from rural settlements on Saturday.

“If the Americans like to eat GMO products, let them eat it then. We don’t need to do that; we have enough space and opportunities to produce organic food,” he said.

The prime minister said he ordered widespread monitoring of the agricultural sector. He added that despite rather strict restrictions, a certain amount of GMO products and seeds have made it to the Russian market.

RT

Mtl JP 12:18 GMT April 8, 2014
Pipshunter

gv chartpoints:
20 day 1.3812
quote: 1.3774
50 day 1.3736

GVIForex Jay Meisler 12:15 GMT April 8, 2014
Pipshunter

kb, EURUSD has been a reluctant follower but moved with the general trend today.

GVIForex Jay Meisler 12:13 GMT April 8, 2014
Your Best Trade Today



Video Market Update

Rare day when dollar moves in the same direction vs. all currencies. Note USDJPY just completed a 61.8% retracement of 101.18-104.12 at 102.30 and 76.4% = 101.87 = key support as per the video

Please view to the end of the video for a special message

Also, this was posted earlier on GVIForex and I have asked before if you want to see the videos on a regular basis, simply send me an EMAIL

Jerusalem Kb 12:11 GMT April 8, 2014
Pipshunter

Thanks jay

GVIForex Jay Meisler 12:08 GMT April 8, 2014
Pipshunter

kb, nice trade and well presented.

Jerusalem Kb 11:57 GMT April 8, 2014
Pipshunter

Buy EURUSD
Entry: 1.3740 Target: 1.3790-1.3840 Stop: 1.3730

Pipshunter
JERUSALEM KB 22:07 GMT 04/07/2014
Buy EURUSD
Entry: 1.3740 Target: 1.3790-1.3840 Stop: 1.3700

BOUGHT
------
SL now at 1.3730

PAR 11:42 GMT April 8, 2014
Us dollar lower as
Reply   
Puerto Rico Hires Bankruptcy Lawyers


By MICHAEL CORKERY
April 7, 2014, 4:51 pm Comment

Puerto Rico’s fiscal agent has hired another well-known restructuring law firm, raising the specter that the financially troubled island is preparing to revamp its finances.

The Government Development Bank for Puerto Rico, which oversees all of the commonwealth’s debt deals, said it had hired Cleary Gottlieb Steen & Hamilton.

The development bank declined to say whether Cleary had been hired as part of an effort to restructure the commonwealth’s debt.

“The G.D.B. regularly solicits advice and counsel from a number of legal and financial advisers with respect to financing plans and other related matters,” a spokesman for the development bank said in a statement. “Cleary Gottlieb Steen & Hamilton were engaged by the G.D.B. as part of these ongoing efforts.”

The hiring of Cleary, which was first reported by The Wall Street Journal, comes as Puerto Rico tries to jump-start a flagging economy while also digging out from a mountain of municipal bond debt.

Cleary has represented many financially challenged government clients, including Greece, Iraq, Iceland and Argentina.

PAR 11:38 GMT April 8, 2014
Ukraine

Euro rises as do tensions in Ukraine .

Ukraine's security forces have been attempting to clear Kharkiv, the country's second-biggest city, of separatists as the government tries to counteract what it sees as Russian schemes to engineer more annexations. Violence has flared amid pro-Russian demonstrations in Ukraine, with the latter accusing its neighbor of using separatists to seize administration buildings in Luhansk and Donetsk. The increasing tension has weighed on European shares today.

GVI Forex john 11:36 GMT April 8, 2014
Fixed Income Snapshot



Re: Japan. Keep in mind the BOJ Quarterly Tankan out about a week ago was very weak. Here is the chart again. It looks for severe weakness across the board.

CHART: BOJ Tankan Survey. Multiple indicators expect to see a slowdown in three months time

London 11:35 GMT April 8, 2014
Buy signals
Reply   
Buy EURUSD
Entry: 1.3770 Target: 1.3880 Stop:

EUR/USD moved higher on Monday and is trading once again above 1.3770. Nonetheless, since the rate is still trading below both the moving averages and the downtrend line, I would consider the recent advance as a corrective wave and the short-term downside path to be intact. A dip below 1.3695 (S1) would confirm a lower low and will probably challenge the support of 1.3650 (S2).Only a move above the prior high of 1.3820 (R1) could change the outlook of the currency pair.
Support: 1.3685 (S1), 1.3670 (S2), 1.3600 (S3).
Resistance: 1.3810 (R1), 1.3855(R2), 1.3880 (R3).


Posted with permission of global-view.com

Forex Signals

london red 11:32 GMT April 8, 2014
Your Best Trade Today

Long second yen at 35 stop on lot under 25.
If fails buy last time ahead of last fib buy zone 102.05/10 stop a dozen pips. If fails again will look to sell a rebound as new low on cards.

PAR 11:25 GMT April 8, 2014
Ukraine

Russia is ready for negotiations with the US, EU and Ukraine, says Russian Foreign Minister Sergey Lavrov. He added that the talks may start in 10 days.

Southeastern Ukrainian regions should also take part in the negotiations, he said.

"The Kiev coup-appointed government hasn’t made any positive steps towards these regions,” Lavrov said. “[The southeastern regions] believe that their interest are being ignored by Kiev.”

Neither Kiev nor Washington has shown the proposed draft Ukrainian constitution to Moscow, Lavrov said.

While accusing “external forces” of provoking the protests in southeastern Ukraine, Washington is just throwing the blame onto others, he added.

GVI Forex john 11:11 GMT April 8, 2014
Your Best Trade Today

Equities are turning weaker as the session wars on heading into the NY market. The U.S. 10-yr is back below 2.70% and is now at 2.697%, 0bp from 2.71% a short while ago. Political tensions over Ukraine are another influence driving funds out of equities and into sovereign bonds.

As S&P futures have fallen, the USDJPY has followed, but it seems to be trying to stabilize. Keep an eye on U.S equities to see if they follow through on the overseas weakness. More often than not they do not.

Thoughts?

Syd sf 10:53 GMT April 8, 2014
yen

auto trader covered shorts @75 .. it hasn't gone long yet though .. it's fairly good at being patient unlike me.

it also bought quite abit of gold and aud/nzd.

PAR 10:45 GMT April 8, 2014
Ukraine
Reply   
Several people injured in clashes in Ukraine as some regions want referendum .

GVI Forex Blog 10:30 GMT April 8, 2014
Global Markets News
Reply   
The USD was softer against the bulk of all currencies (Major, commodity-related and emerging markets).

TradeTheNews.com EU Market Update: Emerging market currencies rally against the Greenback; Draghi reiterates plans to remain accommodative

GVI Forex Blog 09:33 GMT April 8, 2014
Bank of Japan Disappoints With Unchanged Policy
Reply   
HIGH IMPACT NEWS ITEMS: US- 3-yr

The Bank of Japan disappointed market with an unchanged policy today. Many had been hoping for additional ease to offset the April 1 sales tax increase. The Nikkei closed weaker and the JPY gained.

Bank of Japan Disappoints With Unchanged Policy

GVI Forex john 09:16 GMT April 8, 2014
Fixed Income Snapshot
Reply   
Early in European trading hours, prices in prime fixed income markets are mainly lower. there has been disappointment about the unchanged Bank of Japan policy decision today. It is unclear if this will be a risk-on or risk-off session today.

Equity markets are mostly mixed. Far East markets closed mixed with China up and Japan down. Europe is mixed. U.S. equity futures are higher. The U.S. 10-yr is 2.71% +2bp.

bali sja 09:11 GMT April 8, 2014
cable

1.70 is a no brainer soon, confirmed lol

GVI Forex john 08:46 GMT April 8, 2014
February 2014 UK Industrial and Manufacturing Output
Reply   




-- Earlier NEWS ALERT --

Ind mm: +0.90% vs. +0.30% exp. vs. +0.10% (0.0%)prev.
Ind yy: +2.70% vs. +2.20% exp. vs. +2.90% (+2.80%) prev.

Mfg mm: +1.00% vs. +0.30% exp. vs. 0.40% (r 0.30%) prev.
Mfg yy: +3.00% vs. +3.10% exp. vs. +3.30% (+3.20%)prev.


TTN: Live News Special Offer


Direct links to primary data sources

PAR 08:40 GMT April 8, 2014
Only a lower dollar is good .
Reply   
U.S. warns China over currency depreciation

WASHINGTON (Reuters) - The United States warned Beijing on Monday that the recent depreciation of the Chinese currency could raise "serious concerns" if it signaled a policy shift away from allowing market-determined exchange rates.

Related Stories

[$$] U.S. Treasury Looking Closely at Weaker Chinese Yuan The Wall Street Journal
Treasury Official Warns Against China Reviving Controls on Yuan Bloomberg
Be Weary of 3 ETFs as Chinese Yuan Weakens Zacks
U.S. to Press China to Let Yuan Rise Faster, Trade Official Says Bloomberg

Washington has been pressing China for years to allow its currency to trade at stronger values. A weak yuan makes Chinese exports cheaper for U.S. consumers at the expense of U.S. producers. A weaker yuan also makes Chinese consumers less able to buy foreign goods.

Last month, U.S. Treasury Secretary Jack Lew welcomed a decision by China to allow its currency to vary more against the dollar in daily trading.

Monday's comments by a senior official from the Treasury Department suggested the United States was not completely sold on China's intention to reduce authorities' interventions in exchange markets.

london red 08:39 GMT April 8, 2014
cable
Reply   
data well above estimates. as long as holds 16688 can have a crack towards 16740-50 res. pretty imp area which should be a bridge too far. however if broken plenty of upside momentum expected and people will start to look at 16850/1.70. while 16750 holds, downside still in play.

Cambridge Joe 08:36 GMT April 8, 2014
Oil
Reply   
oil softer here. Looking for $100. IMO. GL.

Back later.

KL KL 08:04 GMT April 8, 2014
Short audusd

...and Shez Lung...aka Sea Dragon Launched....for Gold short above 1309.....


actually Its ICE Dragon.....LOL...

ok in short 1309.23...relentless...as usual,,,,he he...audusd reaping few pips now..... I think covering 3/4 .93185 with few pip...chased it to .93274..... to release pressure cooker.....LOL...now put limit sell bombs for audusd .9330 and above....off for dinner....TP the rest .9314 or stops near limit time bombs....come and get it and then OCO Stops and hit Audusd harder....LOL.... gl gt...something is brewing... DFM...DYOR...imvho....

GVI Forex Blog 07:46 GMT April 8, 2014 Reply   
(JP) BANK OF JAPAN (BOJ) POLICY STATEMENT: REITERATES TO INCREASE MONETARY BASE AT ANNUAL PACE OF ¥60-70T (AS EXPECTED); Maintains overall economic assessment unchanged (8th consecutive meeting) - (J

TradeTheNews.com Asian Market Update: BOJ maintains policy setting and keeps assessment unchanged but notes "fluctuations due to consumption tax hike"; Samsung Electronics Q1 guidance mixed - Source T

PAR 07:32 GMT April 8, 2014
The only way is up .
Reply   
Euro to test resistance at 1.3800 after breaking above 1.3750. General dollar weakness as Yellen seeks to devalue the USD by all means .
.

Hong Kong AceTrader 07:30 GMT April 8, 2014
AceTrader April 8: Euro rebounds on short covering after Friday's U.S. payrolls missed estimate
Reply   
Market Review - 07/04/2014 22:39GMT

Euro rebounds on short covering after Friday's U.S. payrolls missed estimate

The greenback weakened against majority of its peers on Monday as the release of weaker-than-expected U.S. jobs data on Friday continued to weigh on the dollar.

The single currency traded sideways in Asia and rebounded to 1.3721 in early European morning. Price continued to trade with a firm undertone and rose to an intra-day high at 1.3748 in New York morning after comments from ECB policymakers signaled deflation risks within the Eurozone are contained.

ECB's Yves Mersch said 'QE is a theoretical concept, there is a long way to go to any practical steps; there is conventional room to ease policy; do not see imminent risk of deflation but ready to prepare for it.'

ECB's Vitor Constancio said 'possible that we will see an uptick in inflation in April, need to see if base-line scenario for inflation outlook has changed; we are in a situation of great concern about inflation.'

Versus the Japanese yen, the greenback remained under pressure in Asia and dropped to session low at 103.00 ahead of European open. Despite a rebound to 103.30 in European morning, renewed selling there knocked price lower to 103.00 again. However, dollar found support there and recovered to 103.27 in New York morning before stabilizing.

The British pound traded inside a narrow range in Asia and edged lower to session low at 1.6566 in early European morning. However, renewed buying lifted the pair and cable rose to an intra-day high at 1.6623 in New York morning.

On the data front, Euro zone April Sentix investor confidence came in at 14.1, better than the forecast of 13.9. German industrial production in Feb came in at 0.4% m/m n 4.8% y/y, better than the forecast of 0.3% n 4.7%.

Data to be released on Tuesday:

Australia NAB business confidence, Japan current account, BoJ rate decision, Swiss unemployment rate, retail sales, France trade balance, U.K. industrial production, manufacturing production, Canada housing starts and building permits.

london red 07:25 GMT April 8, 2014
yen
Reply   
long here at 67 next 55 stop on all under 40. below 102.4 then 101.30 next stop. of course can go down further but probably rebounds firsts.

tokyo ginko 07:04 GMT April 8, 2014
Short audusd

"add every 1-6 pips higher till bankrupt"

been there...lol...GT!

KL KL 06:49 GMT April 8, 2014
Short audusd
Reply   
Doooomsh....Ninja Arrive and Relentless Sell AUDUSD .93028.....add every 1-6 pips higher till bankrupt or I take 1-5 pip profit.....LOL... Armada Ocean Shield ...and Shez Lung...aka Sea Dragon Launched....for Gold short above 1309.....

Nice name for my Armada account...now need to up date account name....LOL

HK [email protected] 06:16 GMT April 8, 2014
IT'S ALL OVER.



Irrational? hehe. This is what the market is:)

Syd sf 06:09 GMT April 8, 2014
IT'S ALL OVER.

tks for posting RF Gold is up quite a bit as well

HK [email protected] 05:59 GMT April 8, 2014
IT'S ALL OVER.
Reply   


(Reuters) - Ukraine has launched an "anti-terrorist" operation in the eastern city of Kharkiv and about 70 "separatists" have been arrested for seizing the regional administration building, Ukrainian Interior Minister Arsen Avakov said on Tuesday.

On his Facebook page, Avakov said: "An anti-terrorist operation has been launched. The city center is blocked along with metro stations. Do not worry. Once we finish, we will open them again."

Ukraine's Interior Ministry was quoted as saying by Interfax-Ukraine news agency that those detained were suspected of "illegal activity related to separatism, the organization of mass disorder, damage to human health" and breaking other laws.

tokyo ginko 03:38 GMT April 8, 2014
Your Best Trade Today

free ride to jump on the wagon

Hong Kong AceTrader 02:02 GMT April 8, 2014
AceTrader April 8: Intra-Day Market Moving News and Views
Reply   
Intra-Day Market Moving News and Views

08 Apr 2014 01:30GMT
AUD/USD - 0.9273.. Australia March business confidence fell to 4 from 7 in Feb.
Australia March business conditions rose to 1 from 0 in Feb.


Japan FinMin Aso says 'Japan won't be able to meet primary balance target without structural reforms, including on fiscal spending; Japan's fiscal consolidation isn't too quick compared with tat of U.S., Europe, in response to U.S. view Japan should avoid "too rapid" fiscal consolidation.'


British Chamber of Commerce Q1 survey shows strongest growth in services export sale and orders since survey stated in 1989; biggest improvement in manufactures' domestic sales and orders, and investment inventions, since survey began.

tokyo ginko 00:28 GMT April 8, 2014
Your Best Trade Today

final add nk 14680

tokyo ginko 00:24 GMT April 8, 2014
Your Best Trade Today

culdn;t resist, add long usd/[email protected] 102.88

Syd sf 00:23 GMT April 8, 2014
Your Best Trade Today

the one thing we have learned ... before big data announcements that are/could be positive

---> markets move lower

such as BOJ Meeting today.... $yen/Nikkei Profit Taking/Position Squaring whatever you want to call it.

when numbers are expected to be bad -- then the market tends to build a buffer zone into the price so it's not a complete bloodbath after.

my robot is still waiting for 75 to be touched and I expect 65 to be a good buy -- but more price action needed obviously.

GVI Forex Blog 00:17 GMT April 8, 2014
Forex News
Reply   
* Euro bounces, ECB policymakers say QE still a way off

* BOJ holds policy meeting, focus on Kuroda news conference

* Dollar/yen still subdued after payrolls disappointment

FOREX-Euro better bid as ECB sees no urgent need for stimulus

tokyo ginko 00:10 GMT April 8, 2014
Your Best Trade Today

yes, wobbling..part of trading..add long nk 14710

not a momentum trader here...GT

Mtl JP 00:07 GMT April 8, 2014
Your Best Trade Today

Nikkei wobbling, usdyen wobbling in sympathy

 




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Mon 27 May 2019
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