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Forex Forum Archive for 04/24/2014

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GVI Forex john 22:03 GMT April 24, 2014
Calendar -- Daily Forex Data News

April 24, 2014 ( UPCOMING DATA HIGHLIGHTS for Friday, April 25. Updated: Trading News Events Calendar

HIGH IMPACT NEWS RELEASES: AU- Holiday, JP- CPI, GB- Retail Sales, US- flash Markit Mfg PMI, University of MIchigan Survey

  • Far East: AU- Holiday, JP- CPI, Unemployment.
  • Europe: GB- Retail Sales.
  • North America: US- flash Markit Mfg PMI, University of MIchigan Survey, COT Report.

GVI Forex Jay Meisler 21:52 GMT April 24, 2014
How to Survive When Prices Don't Move
An article worth reading

How to Survive When Prices Don't Move

Cambridge Joe 21:22 GMT April 24, 2014
Too much for my poor brain to try to understand where things go... cross-flows.

I have usdx showing significant down side looming from the 15 min 30 min supported by the hourly, so it's not nothing.

Last time this showed was 3/ April 14... thru to 10 April.


Cambridge Joe 20:47 GMT April 24, 2014
Minority Report?


“artificial neural networks”, which mimics the function of the human brain.

I did hear of such a set-up. The prime mover was a chess master at the age of six. He sold his company to a global major tech company for GBP M400. No change in operations... he still goes to work. I know people who knew him through chess.

This company has predictive algos which tell you how people will think / react / respond to circumstances / situations / stimuli.

Nice to know that The Red Queen (Resident Evil) gives a toss what we might think !

Still..... it's all about advertising, sales and managing the resources, apparently.

dc CB 20:36 GMT April 24, 2014
Gold Settled Futures?
* CME likely to launch contract in Hong Kong - sources

* Contract size expected to be 1 kg

* Rivals have been boosting Asia commodities operations

CME plans to launch physically settled Asia gold futures

dc CB 20:25 GMT April 24, 2014
Minority Report?
with the motto: “New World. New security.”

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Meet AISight – The Artificial Intelligence Software Being Installed on CCTV Networks Globally

GVI Forex john 19:58 GMT April 24, 2014
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A slew of corporate earnings are due on the close shortly. they could set the stage for equities on Friday.

GVI Forex john 19:53 GMT April 24, 2014
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Fair Point re: Ukraine

I'n not sure that anyone has any serious questions about how that situation will eventually play out. The real question is what will happen next after Ukraine.

GVI Forex john 19:51 GMT April 24, 2014
Chart Points - Free FX Database

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.

GVI Forex Jay Meisler 19:46 GMT April 24, 2014
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I have a comment- great update and lays out a Friday roadmap although I would add that Ukraine risk should keep the market cautious and contained in ranges.

EURUSD range for this week has been less than 100 pips

GVI Forex john 19:43 GMT April 24, 2014
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Australia: Holiday

Japan: CPI and employment data are usually are not market-moving. Higher inflation would be seen as constructive as Japan tries to work its way out of its deflationary hole. Keep in mind, the higher consumption tax will be a drag on consumption, not a sigh of increased demand.

Forex implications: Hard to figure

United Kingdom: Retail Sales data are closely watched in all major economies as a measure of the strength of the consumer.

Forex Implications:
Strong data=strong GBP
Weak data=weak GBP

U.S. Markit flash Service PMI new data series. traders follow the ISM Service PMI more closely

Final University of MIchigan Sentiment Survey. Preliminary 82.6 reading expected to be revised higher to 83.0

Forex Implications:
Strong data=strong USD
Weak data=weak USD

We are still in a market that lacks big ideas, so the correlation trades led by equities should rule the day. This will not last forever. At some point the EURUSD will either break through the ceiling put in place by the ECB or U.S. fundamentals will improve to the point where the USD will rise. What we may need is for bond yields to start to rise due to an improving economy. Higher yields due to inflation would be negative.

Thoughts, Comments, Questions??

GVI Forex john 18:53 GMT April 24, 2014
Chart Points -- Trading Points
Pre-Closing Trading Points...
many more chart points
About Moving Averages
About Bollinger Bands

GVI Forex Blog 18:40 GMT April 24, 2014
Draghi Disappoints. Ukraine Worry Mounts. German IFO Data Beats. Busy Friday Awaited
HIGH IMPACT NEWS ITEMS: AU- Holiday, JP- CPI, GB- Retail Sales, US- flash Markit Mfg PMI, University of Michigan Survey

U.K. Retail Sales data due Friday are always a key release. The final April University of Michigan Survey is also released on Friday. Next week will see a FOMC decision and the critical monthly U.S. employment reports.

Draghi Disappoints. Ukraine Worry Mounts. German IFO Data Beats. Busy Friday Awaited

Cambridge Joe 18:02 GMT April 24, 2014

Appears to me that both Cable and Oil get the message for South around 19:30.... 20:00. IMO. GL

GVI Forex Jay Meisler 17:38 GMT April 24, 2014
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Correlations rule but which is the leader or does it matter? :

Bond yields dip => stocks dip => USDJPY dips

Cambridge Joe 16:53 GMT April 24, 2014
Cable looks like dropping thru Asia. IMO. GL

Central Kwun 16:10 GMT April 24, 2014
DAX is finally positive again

eu pat 15:51 GMT April 24, 2014

closed long now at many times I did not take20-80 pips profit and wait for BE...this range with this werbal intervention and Ukraine pretty ugly...

GVI Forex john 15:29 GMT April 24, 2014
Fixed Income Snapshot

Late in European trade, today has turned into a "risk-off" session. The EURUSD is now about steady (1.3824). Prices in prime fixed income markets are mostly mixed. The prices for the peripheral bond markets are lower.

European equities are closing mixed. Far East equity markets ended mixed earlier. U.S. equities are mixed. The U.S. 10-yr was last 2.70%, +2 bp.

GVI Forex Blog 15:25 GMT April 24, 2014
Global Markets News
The Ukraine situation has rapidly decayed this morning as Kiev resumed its "anti-terrorist" operation in eastern Ukraine and Russia President Putin calls the moves use force against citizens that is clearly a crime and will have consequences. Russia stepped up military operations on the border and a rumor made the rounds after the open that Putin would hold an "emergency press conference" US Market Data: Ukraine Conflict Fears Squelch Risk Appetite

Cambridge Joe 15:23 GMT April 24, 2014

Oil 15:35. GMT correvtion.

Cambridge Joe 15:15 GMT April 24, 2014
Oil stumbling here.

Looking for softer oil 16:00 16:25 GMT......... for a few hours.


NY JM 15:02 GMT April 24, 2014
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A good run like that used to be one day's range!

Sanibel Is. Fl Sir Ignore 15:01 GMT April 24, 2014
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4/8 4/11 euro run...

GVI Forex Jay Meisler 15:00 GMT April 24, 2014
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4/14 1.3820
4/15 1.3813
4/16 1.3813
4/17 1.3814
4/18 1.3818
4/21 1.3793
4/22 1.3804
4/23 1.3816
4/24 1.3819 (current bid)

Sanibel Is. Fl Sir Ignore 14:59 GMT April 24, 2014
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right..altho 4/8 - 4/11 had a good run..

everyday crisis somewhere….

GVI Forex Jay Meisler 14:58 GMT April 24, 2014
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USDJPY last 6 closes

4/16 102.28
4/17 102.45
4/18 102.38
4/21 102.60
4/22 102.61
4/23 102.44
4/24 102.22 (current bid)

Paris ib 14:56 GMT April 24, 2014
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JM.... yes FOMC and NFP and a holiday in the middle of it all for a lot of countries on the 1st of May. Ukraine.... ugly. I'm going out for a ride. Waiting this out.

NY JM 14:51 GMT April 24, 2014
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This has not been a good time for momentum or breakout trading.

Now, into a weekend that should be looking ahead to the FOMC meeting and EZ HICP next week, it now has to worry about its back with Ukraine coming out of the background.

Sanibel Is. Fl Sir Ignore 14:41 GMT April 24, 2014
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agree..been stopped on short and small gain long recently with paramount factor the small risk of 15-20 against breakout tp.
Has been hovering around 1 hr tunnel 144/169 sma…with no convincing move to pull away…blah calling the shots so far..1 hr tunnel now 3817..
3743 my bias..but we momentum traders in tuff calls now..

tokyo ginko 14:30 GMT April 24, 2014
perfect setup to long usd/jpy , nikkei, snp, short eur/usd, gold...let the cruise begin!
cruising thru May June...

Paris ib 14:30 GMT April 24, 2014
European Jawboning
The Europeans know a new economic order is being born and they don't want to wear the burden of becoming the next over-valued reserve currency. They also kind of like the current economic world order dominated by Western Industrialised countries, so they are happy to play along with the idea that the USD is the big reserve currency - even as its role as reserve currency continues to crumble. China and Russia have other ideas and another perspective. Ukraine is important. There are two options, maybe three:
1) U.S. loses face and prestige.
2) A festering conflict is sponsored in the Ukraine causing problems for everyone.
3) The festering conflict bleeds into a direct confrontation between nuclear super-powers.

In all cases I can't see China maintaining its current stock of U.S. Treasuries and that is a problem for the U.S. funding options and the economy.

GVI Forex john 14:30 GMT April 24, 2014
US EIA Weekly Natural Gas Inventory Change (bcf)

+49 vs. +38 exp vs. +24 prev.

EIA Press Release

TTN: Live News Special Offer

Paris ib 14:23 GMT April 24, 2014
Military drills

"Abe is a tough customer. His rhetoric is heavy on "escaping the post-war regime", as in re-weaponizing Japan and not playing second fiddle militarily to Washington in Asia anymore. The Pentagon obviously has other ideas....

Beijing, predictably, sees all that for what it really is, as expressed in this Xinhua op-ed; the actions of an "anachronistic", "sclerotic" and "myopic" superpower that needs to "shake off its historical and philosophical shackles"."

If Abe is a tough customer it might be time to rethink the 'wall of money' idea which was going to see the USD/JPY make new highs. Not happening.

The bigger picture

GVI Forex john 14:18 GMT April 24, 2014
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ECB's Coene indicating the strong EUR is a "problem". The jawboning continues.

GVI Forex Blog 14:12 GMT April 24, 2014 Reply   
April 24, 2014 ( UPCOMING DATA HIGHLIGHTS for Friday, April 25. Updated: Trading News Events Calendar HIGH IMPACT NEWS RELEASES: AU- Holiday, JP- CPI, GB- Retail Sales, US- flash Markit Mfg PMI, University of MIchigan Survey

GVI Forex Data Outlook for April 25, 2014

Paris ib 14:10 GMT April 24, 2014
Military drills

US Assistant Secretary of State for Europe, Nuland said: "Since the declaration of Ukrainian independence in 1991, the United States supported the Ukrainians in the development of democratic institutions...... We have invested more than 5 billion dollars to help Ukraine to achieve these and other goals."

5 billion USD, but then how much will Soros make on his 1.3 billion... S and P put ?

Victoria Nuland

GVI Forex john 14:09 GMT April 24, 2014
Calendar -- Daily Forex Data News

April 24, 2014 ( UPCOMING DATA HIGHLIGHTS for Friday, April 25. Updated: Trading News Events Calendar

HIGH IMPACT NEWS RELEASES: AU- Holiday, JP- CPI, GB- Retail Sales, US- flash Markit Mfg PMI, University of MIchigan Survey

  • Far East: AU- Holiday, JP- CPI, Unemployment.
  • Europe: GB- Retail Sales.
  • North America: US- flash Markit Mfg PMI, University of MIchigan Survey, COT Report.

GVI Forex john 14:03 GMT April 24, 2014
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DAX now down -100 pts It was up at one point earlier today by about 100pts!

Paris ib 13:59 GMT April 24, 2014
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The U.S. is coming out of this as a bunch of war mongering weirdos.... the whole Ukraine debacle does not look good for the U.S. foreign policy agenda. Russia is a gas station? Really?I mean you can't have clapped out politicians going around saying stuff like that, he just looks ignorant and a little weird.


HK [email protected] 13:56 GMT April 24, 2014
Military drills

WAR? The Russian army will smash them in 5 minutes.

The Ukr. will run away and fast.

GVI Forex Jay Meisler 13:55 GMT April 24, 2014
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Looks like stops run on both sides around 1.3810 - but no clue why EUR should benefit except market caught short. Looks like 1.3820 (top of the closing range) as minor resistance although day charts also show it at 1.3827-32. With that said markets being driven by a run for cover more than technicals.

Paris ib 13:54 GMT April 24, 2014
Posssiblt the coming sanctions will weigh more on the Mkts.

The Obama administration is actually trying to isolate both China and Russia because of their persistent moves away from the use of the USD as a trading currency, and the concerns this raises about the future of the USD as a reserve currency. Obama in Asia is trying to sew up a trade agreement which actually excludes China (and sell a few more weapons as well), while boosting the U.S.-Japan alliance and trying to increase tensions between Japan and China.

Before this wars were waged against any country which moved away from the use of the USD.... this time the problem is somewhat bigger, but the U.S. strategy seems the same.

NY JM 13:53 GMT April 24, 2014
Military drills

Zero chance of war but risk is a mini Cold War (e.g. sanctions)

This adds an element of risk heading into the weekend.

HK [email protected] 13:50 GMT April 24, 2014
Posssiblt the coming sanctions will weigh more on the Mkts.

And Obama is caught pants down in the Far East.

Come back home and fast!!!

Paris ib 13:49 GMT April 24, 2014
Military drills

So what are the scenarios here?
1) War between the U.S. and Russia over Ukraine?
or what?
This is surreal.

GVI Forex Jay Meisler 13:49 GMT April 24, 2014
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Thanks to Trade the news for alerting that the DAX was falling while US stocks were still firm.

GVI Forex Jay Meisler 13:46 GMT April 24, 2014
Military drills

Chatter that Putin may hold an impromptu press conference.

London Chris 13:45 GMT April 24, 2014
Military drills

Hey RF someone finally woke up and read your warning posts

HK [email protected] 13:44 GMT April 24, 2014
Military drills

And gold too takes notice.

Paris ib 13:42 GMT April 24, 2014
Military drills

DAX is taking notice.

GVI Forex Jay Meisler 13:32 GMT April 24, 2014
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If JP is tuning in, our chart points so far working.

GVI Forex john 13:23 GMT April 24, 2014
Military drills

Is this why the DAX went negative about an hour ago? None of the other major equity indices seem to be following...

HK [email protected] 13:21 GMT April 24, 2014
Will attack, will not attack???


HK [email protected] 13:17 GMT April 24, 2014
Military drills

Russia 'forced' to launch military drills at border in response to Ukraine op - Moscow

Senior security official: Anti-terror operation temporarily halted as Russian troops amass on border

eu pat 13:03 GMT April 24, 2014

closed my pro USD positions after datas and try long again 1,3792...this story must end one day))...hope not at my sl...

GVI Forex Jay Meisler 12:56 GMT April 24, 2014
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1.3823 = daily pivot

S1 = 1.3791


Global-View FX Chart Points

GVI Forex john 12:55 GMT April 24, 2014
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Post-data, pre-open
FUTURES: DJ +38, S+P +8.8.
EURUSD testing sub-1.3800

GVI Forex john 12:50 GMT April 24, 2014
U.S. Weekly Jobless Claims

In the week ending April 19, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 24,000
from the previous week's revised level. The previous week's level was revised up by 1,000 from 304,000 to 305,000. The
4-week moving average was 316,750, an increase of 4,750 from the previous week's unrevised average of 312,000.

There were no special factors impacting this week's initial claims.

-- Official Release

Amman wfakhoury 12:49 GMT April 24, 2014
Mr Wfakhoury

also 13842 reached as per the previous signal

Amman wfakhoury 12:47 GMT April 24, 2014
Mr Wfakhoury

Amman wfakhoury 15:01 GMT 04/23/2014
EURUSD reached its high at 13855 ..we are heading down unless 1 hr bar closed above 13855 then 13880 will be seen.
if 1 hr bar closed below 13842 then first target 13825.
13825 reached
now the close of 1 hr bar above 13825 means 13842 is coming
the close below means 13795 is coming
13795 reached

Tallinn viies 12:44 GMT April 24, 2014
time to try long euro position.
bought at 1,3800. target 1,3865 first. most likely before this week is over.

GVI Forex john 12:41 GMT April 24, 2014
U.S. Weekly Jobless Claims

U.S. Weekly jobless claims trend stabilizing?

Click on chart for ten-year history

GVI Forex Jay Meisler 12:40 GMT April 24, 2014
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As posted earlier on GVIForex.

Video Daily Market Update

Watch the EURUSD closing pattern

GVI Forex john 12:34 GMT April 24, 2014
U.S. Weekly Jobless Claims

Initial Claims (000)
329K vs. 310K exp. vs. 304K (r 305K) prev.
Continued Claims (mln)
2.680 vs. 2.775 exp. vs. 2.739 (r 2.741) prev.
Press Release

TTN: Live News Special Offer

GVI Forex john 12:32 GMT April 24, 2014
March 2014 U.S. Durable Goods Orders

Headline:+2.60% vs. +1.90% exp. vs. +2.20% (r +2.10%prev.
Ex-Trans: +2.00% vs. +0.50% exp. vs. +0.10% (r +0.20%) prev.

TTN: Live News Special Offer

Direct links to primary data sources

eu pat 12:30 GMT April 24, 2014

much better

eu pat 12:17 GMT April 24, 2014

I am out from long before IFO at BE...Usd is set for gona strong before U.S datas ( will be better, no winter)))

Maybe 7 th times I out from long eur/usd at BE last weeks..Still the some story....

syd sf 12:08 GMT April 24, 2014
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it used to be that FX led the way - we would deal 100-400 points a day - and other markets would trade behind Fx Moves.

we all know that FX has the largest pool of money in it

but now at the moment - people in FX wait to watch to see what Stocks/Bonds/Commodities all do first

then trade into the FX Market for much smaller moves.

For example $yen -- on a daily basis it is much more profitable to deal Nikkei - than it is to trade $yen

So my idea is to just trade Gold / Stocks .. and then deal FX behind for much smaller gains.

For me I have set all this up on MT4 - all I do is manage the risk should something silly happen ... because sitting in front of the PC just dealing FX - wasn't worth the time... based on the moves we see.

I guess all this depends on what your looking to get out of the market and what time frame you deal .. and perhaps even how long you have been in the FX Market dealing... to know what we used to have and what we have now.

GVI Forex john 12:02 GMT April 24, 2014
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The problem isn the EZ right now is that the data in Europe do not overwhelmingly support a policy easing. In fact most recent German data have been solid.

Dubai OT 12:00 GMT April 24, 2014
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sf can you explain this (do you mean it is the medium for buying and selling bonds, stocks, gold, etc etc?)

FX has developed more into a liquidity pool for other markets to deal into .. than able to sustain anything on its own.

GVI Forex john 11:57 GMT April 24, 2014
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Central Banks only VERY RARELY have reacted to a single news item. In fact almost never. As long as I can remember they have have said they only react to an accumulation of evidence. This of course is sensible, logical and unsurprising. What a single piece of news can be is the final piece of evidence needed to trigger a policy change, but that decision has to be supported by other items.

That's why WE like to look at all key news items to get the lay of the land.

syd sf 11:55 GMT April 24, 2014
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you have to diversify imo .. Gold / Stocks and anything else that shows it can move on its own.

FX has developed more into a liquidity pool for other markets to deal into .. than able to sustain anything on its own.

GVI Forex Jay Meisler 11:31 GMT April 24, 2014
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Maybe it has always been this way but more glaring these days that markets seem to only move on news and comments from central bankers/finance officials, the former being most important. Periods in between can be really dull unless market is setting up for a news release or an event.

An what news does is driving expectations of policy more than trigger any policy changes.

HK [email protected] 10:48 GMT April 24, 2014
Putin gives a hint!

Vladimir Putin considers a military operation undertaken by authorities in Kiev against anti-government protesters in eastern Ukraine a crime, according to a statement the president made at an All-Russia People's Front media forum.

“If the Kiev regime started military actions against the country’s population, this is without doubt a very serious crime,” Putin said.

PAR 10:40 GMT April 24, 2014

Deflation should be calculated by an independent body and not by central bankers and politicians as this leads to unimaginable conflicts of interests and makes a joke of a real economic concept .

HK [email protected] 10:33 GMT April 24, 2014


I didn't suggest buy gold. On the contrary my post in the gold forum of today:

Tech. gold can drop down to 1257
HK [email protected] 07:52 GMT 04/24/2014

But if bullish fundamentals will come in thr picture can change.

Probably if the situation will escalate, an immediate Russian response will be with an air strike. That without invasion at first.
But now is all speculations.

GVI Forex john 10:08 GMT April 24, 2014
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The secret to successful intervention is to be unpredictable. So if they are intervening they should be constantly changing their tactics.

eu pat 10:04 GMT April 24, 2014
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It is quite likely that they intervene ... maybe indirectly, through a large EU banks...FED doas something like that. It was a nice setup EUR/USD up last thursday ... They sold out ... now it is even nicer. .. maybe they'll sell out again ... many times it was already so ... probably I look for crosses

GVI Forex john 10:00 GMT April 24, 2014
April 2014 UK CBI Distributive Trades


+30 vs. +17 exp. vs. +13 prev.

TTN: Live News Special Offer

GVI Forex Blog 09:56 GMT April 24, 2014
Global Markets News
FX markets continued to be locked within tight ranges. Dealers noted that ECB speakers would provide another opportunity to clarify the central bank's stance on QE. The slightly better German IFO Business climate provided fuel for ECB hawks to defend stance against additional stimulus EU Market Update: Q1 results continue positively, EU excess liquidity falls; Ukraine meets all conditions for IMF loan

GVI Forex john 09:51 GMT April 24, 2014
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ECB via Draghi trying to keep a lid on the EUR. The last thing they want is for the distressed economies to become less competitive due to the exchange rate. At some point that would demand a monetary policy response by the ECB, which is something they would like to avoid.

So on the one hand, we are seeing persistent demand for the EUR and on the other hand, the ECB is trying to cap the currency and perhaps drive it lower. This could be why the EURUSD has stalled at just above the 1.3800 line. It would not surprise me to learn that national banks in Europe have been quietly intervening.

Otherwise, this may be shaping up to be a "risk-on" session after the post-closing earning reports out of the U.S. late Wednesday. I just have my doubts about whether the post-session rally will last all day in the States.


London Chris 09:33 GMT April 24, 2014

RF maybe your repeated warnings will eventually prove true but you would be broke by now betting on it becoming a risk off event.

HK [email protected] 09:28 GMT April 24, 2014

Ukraine army armored vehicles enter rebel-held Slavyansk in eastern part of the country - @AFP

Seems the Russians not to far from intervention.

London Chris 09:20 GMT April 24, 2014

Draghi delivers and market yawns.

eu pat 09:10 GMT April 24, 2014

still only bla, bla will ignore this shits...I hope so)))

GVI Forex john 09:06 GMT April 24, 2014

Draghi warns a continued EUR rise could impact ECB policy.

GVI Forex Jay Meisler 09:04 GMT April 24, 2014
Dovish speech..,still just words but exchange rate increasing in importance.

Hong Kong AceTrader 09:04 GMT April 24, 2014
AceTrader Apr 24:Intra-Day Market Moving News and Views EUR/USD, USD/JPY
Intra-Day Market Moving News and Views EUR/USD, USD/JPY

24 Apr 2014 08:32GMT

EUR/USD - 1.3836... The single currency traded with a firm bias in Asia today n despite a brief but sharp move lower to 1.3812 at European open on the release of weak French data, price found renewed buying there and rose to an intra-day high at 1.3841 after the release of better-than-expected German IFO business climate.

Bids are now seen at 1.3815/20 n more below at 1.3790/00 with stops building up below there whilst initial offers are noted at 1.3860/65.

Germany IFO business climate n expectations came in better-than-expected at 111.2 n 107.3 vs forecasts of 110.4 n 105.8 respectively.

IFO economist Wohlrabe says 'Ukraine crisis is currently having no effect on German economy but is a background factor; positive fundamental mood prevails, Germany is in upturn.'

24 Apr 2014 08:31GMT

USD/JPY - 102.42... Japan EconMin Akira Amari says 'U.S. n Japan made progress in trade talks, but problems remain; Japan will continue trade talks with U.S.; cannot resolve remaining issues in U.S. trade talks in short period of time.'

GVI Forex john 09:04 GMT April 24, 2014
ECB President Draghi breaks no new ground in his comments. Generally takes a dovish posture. EURUSD lower.

Paris ib 08:46 GMT April 24, 2014

Doesn't matter what is happening in reality with prices, inflation is whatever the authorities decide it is. This is sooooooo ex Soviet Union.

GVI Forex Jay Meisler 08:45 GMT April 24, 2014
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EIRUSD levels to watch as market awaits Draghi speech



GVI Forex Blog 08:41 GMT April 24, 2014
German IFO Data Beats. Draghi Speaks Shortly. U.S. Data Due
HIGH IMPACT NEWS ITEMS: US- Durable Goods, Weekly Jobless

The key German IFO Survey saw a better than expected performance in its headline Business Climate Index. The other indices saw mixed results. The EUR has rallied on the report. German data recently have been positive and do not ague in favor of ECB policy ease.Be sure to refer daily to the Global-View Economic Calendar For key items (actual data, selected charts, etc.) as they are released.

German IFO Data Beats. Draghi Speaks Shortly. U.S. Data Due

Paris ib 08:40 GMT April 24, 2014

Got a taxi the other day in Monaco. Price increase: 50% in one hit. If prices are falling I haven't seen it yet.

GVI Forex john 08:26 GMT April 24, 2014
Fixed Income Snapshot
Early in European trading hours, prices in prime fixed income markets are weaker after European equities got off to a stronger start following the post-closing rally in U.S. shares on FB and aapl earnings data. The peripheral European bond prices are mostly weaker. Equity markets in the Far East closed once again. U.S. equity futures are higher. The U.S. 10-yr is 2.71% +3bp.

GVI Forex Jay Meisler 08:12 GMT April 24, 2014
How to Trade in a Low Volatility Market
I wrote this article this week and it is suggested reading as it gives some practical hints on trading in the current environment.

How to Trade in a Low Volatility Market

GVI Forex john 08:10 GMT April 24, 2014
April 2014 German IFO Survey

German Ifo data: Headline Business Sentiment a beat. Generally, another strong German report. EURUSD higher.

eu pat 08:09 GMT April 24, 2014

Italy Trade Balance non-EU (Mar) was splendid a minute ago...It looks not important data but market it watche closely ( especially south )...Everythinkg is in Draghis hands)))

GVI Forex john 08:00 GMT April 24, 2014
April 2014 German IFO Survey

Climate: 111.3 vs. 110.5 exp. vs. 110.7 prev.
Conditions:115.3 vs. 115.7 exp. vs. 115.2 prev.
Expectations: 107.3 vs. 105.9 exp. vs. 106.4 prev.

IFO Climate Survey

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eu pat 07:51 GMT April 24, 2014

There is news that U.S company GE will buy France company Alstom ...Price is 13 bilions, They will change usd to eur...It lifted eur/usd.

TA looks good as well, next IFO (better?) and then U.S PMI (worse?)...I think Draghi will not say something important .

PAR 07:47 GMT April 24, 2014
And consumers are definitely seeing higher prices at the grocery store. 24/7 Wall St. compiled the top-10 fastest-rising food prices from January 2010 to March 2014.

Bacon +53%

Ground Beef +35%

Oranges +35%

Coffee +31%

Peanut Butter +30%

Margarine +30%

Wine +25%

Turkey +24%

Chicken +22%

Grapefruit +22%;_ylt=AwrBJR_JwFhTuhMA6IWTmYlQ

GVI Forex 07:44 GMT April 24, 2014
Next; German IFO
Following yesterday’s stronger-than-expected ‘flash’ German PMIs, today’s IFO business survey will provide another assessment of business conditions in Germany. While the IFO and manufacturing PMI usually move together over the medium term, the short-term correlation is not always as tight. With other data, including elements of last week’s ZEW survey, pointing to some moderation in sentiment, we look for a modest drop in the business climate index in April to 110.5 from 110.7. Yet this would still be consistent with ongoing gradual recovery across the region. However, the pick-up in PMIs this month raises some upside risks.

Lloyds Bank Daily Economic Outlook

Hong Kong AceTrader 07:26 GMT April 24, 2014
AceTrader April 24: Daily Outlook on Minor- NZD/USD
24 Apr 2014 05:11GMT

Kiwi's intra-day rally from 0.8580 to 0.8638 after
RBNZ's expected rate hike signals the 1st leg of
correction from 0.8746 has ended at 0.8556 on Mon.

Reckon 0.8673 (61.8% r) would cap upside and yield
retreat. Sell for 0.8585 but 0.8575/80 would hold.

STRATEGY : Sell at 0.8660

OBJECTIVE : 0.8585

STOP-LOSS : 0.8698

RES : 0.8649/0.8673/0.8707

SUP : 0.8605/0.8566/0.8556

Syd 07:19 GMT April 24, 2014
Australia Dollar Avoids Sinkhole for Now -- Market Talk
The Australia dollar, which fell sharply Wednesday after below-expectations consumer inflation data, has so far avoided falling into the Bollinger downtrend channel that could trigger more weakness in the near term. The Aussie needs to keep its head above 0.9262 to avoid the sinkhole of the bearish technical signal on the daily chart. If the 0.9262 support level holds up, AUD/USD could range between 0.9262-0.9321 in the near term. On the horizon next week, there is a chance that the U.S. dollar could get a boost and thereby send AUD/USD lower. The market may be factoring in the likelihood of a strong U.S. jobs report, which would boost expectations for an earlier U.S. interest rate hike and thereby lift the dollar. AUD/USD is now 0.9296 versus its Wednesday close of 0.9289.

London 07:16 GMT April 24, 2014
New signal on Eur/Usd
Entry: 1.38230 Target: 1.3965 Stop: 1.3695

EUR/USD hit the resistance of 1.3850 (R1) and then retreated. The pair continues its sideways path between the support of 1.3790 (S1) and the aforementioned resistance, thus I still see a neutral short-term picture. Both the moving averages are pointing sideways, while both the RSI and the MACD lie near their neutral levels, confirming the non-trending phase of the price action. A clear dip below the support of 1.3790 (S1) may have larger bearish implications and target the lows of 1.3695 (S2). On the upside, a clear move above 1.3850 (R1) could probably challenge the resistance bar of 1.3900 (R2).

Support: 1.3790 (S1), 1.3695 (S2), 1.3650 (S3).
Resistance: 1.3850 (R1), 1.3900 (R2), 1.3965 (R3)

Posted with permission of

autotrade forex signals

HK [email protected] 04:48 GMT April 24, 2014
When the army refuses to fight, some one must do the dirty job.

Ukraine’s far-right leader moves HQ to the East, forms new squadron

Ukrainian radical neo-fascist Right Sector group has moved its main headquarters from Kiev to Dnepropetrovsk to “closely monitor” the developments in the east, its leader said, announcing the formation of yet another paramilitary squadron in Ukraine.

“I moved my headquarters to Dnepropetrovsk. The purpose is to prevent the spread of the Kremlin infection,” Ukrainian presidential candidate and Right Sector leader Dmitry Yarosh announced at a press conference in Dnepropetrovsk.

He says the vital industrial city in Ukraine, Dnepropetrovsk provides a better platform to observe the situation in Donbass where pro-federalization protests are flourishing, after the coup in Kiev.

Yarosh, placed by Russia on an international most wanted terrorist list, also announced that he started forming a special squad of fighters called “Donbass.”

“We coordinate all of our actions with the leadership of the National Security and Defense Council of Ukraine, the Ministry of Internal Affairs and Security service of Ukraine,” Yarosh said.

Local media reports that the unit will comprise about 800 fighters. Any military trained adults could volunteer to join the unit, as long as they meet the requirements.

The move follows a similar announcement in Dnepropetrovsk region, whose Kiev-appointed governor and oligarch Igor Kolomoysky recently formed a special battalion “Dnepr” formed of “local patriots of Ukraine.”
In response to Yarosh's announcement, the mayor of Slovyansk Vyacheslav Ponomarev told Gazeta that formation of such a battalion “could lead to a fratricidal war.”

The leader of the Ukrainian radical group, Right Sector Dmitry Yarosh, was placed on an international wanted list in March and charged with inciting terrorism.

Cbj Jake 04:28 GMT April 24, 2014
US gov spending - Drop!
US Fed Gov - deepest spending drop, as share of national income, since WW2.(AEP)

GVI Forex Blog 04:15 GMT April 24, 2014 Reply   
LEADING ECONOMIC INDEX M/M: 1.2% V 0.9% PRIOR (4-month high) - (KR) SOUTH KOREA Q1 PRELIM GDP Q/Q: 0.9% V 0.8%E; Y/Y: 3.9% V 3.8%E - (KR) SOUTH KOREA Q1 FOREIGN DIRECT INVESTMENT (FDI) Y/Y: +49.1% V - Asian Market Update: RBNZ hikes rates as expected, raises GDP forecast; Tech titans Facebook, Apple, TI rally on strong earnings - Source

Syd 03:42 GMT April 24, 2014
Which Way Ahead For The Australian Dollar?
Analysts have some mixed views on the Australian dollar's outlook


Hong Kong AceTrader 02:57 GMT April 24, 2014
AceTrader Apr 24: Intra-Day Market Moving News and Views USD/JPY, NZD/USD
24 Apr 2014 02:14GMT

NZD/USD - 0.8630 ... New Zealand's central bank raised its benchmark cash rate by 25 basis points to 3.00 percent earlier today, as widely expected.
RBNZ said there would be further increases to keep on top of inflation pressures in the strongly-growing economy.

New Zealand dollar strengthened to as high as 0.8638 after hawkish statement by Reserve Bank Governor Graeme Wheeler.

24 Apr 2014 01:57GMT

USD/JPY - 102.45 ... Although the greenback has staged a rebound to 102.57 in Australian morning today after yesterday's cross-inspired retreat from 102.69 to 102.17 (Europe), renewed selling below 102.55/60 capped dlr's upside n more offers are tipped at 102.65/70 with stops only seen above 102.75.
Nikkei-225 index pared some of early losses n currently dropped by 16 points to 14530.

Trading is likely to be thin today as investors are waiting for Friday's release of Tokyo CPI data, the first reading after the sales tax increase.
Besides, BOJ board members will set policy on April 30, when they will release their latest forecasts on inflation and economic growth.

nw kw 01:25 GMT April 24, 2014
Forex News

Kiwi rallies after RBNZ signals more rate hikes ahead

last week it had a bad print pos from last hike so he is going to crush it faster

GVI Forex Jay Meisler 01:09 GMT April 24, 2014
Your Best Trade Today

Two scenario

1) Draghi comments on current market which in this case means he will be dovish

2) Draghi sticks to topic and doesn't comment on the current situation which disappoints the EUR bears

GVI Forex Jay Meisler 00:53 GMT April 24, 2014
Your Best Trade Today

Next key event risk

German IFO then Draghi speech

Market will be quiet until then.

Meanwhile this can be a great thread if you post trading ideas, your bias or just your view on the market .

But to make it work we need your participation.

So don't be shy. Step up and post.

GVI Forex Blog 00:15 GMT April 24, 2014
Forex News
* Kiwi rallies after RBNZ signals more rate hikes ahead

* Other major currencies remain stubbornly subdued

* Euro awaits speech by head of ECB

FOREX-Kiwi flies on hawkish RBNZ, euro eyes ECB speech


Actionable trading levels delivered LIVE to YOUR charts

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 27 May 2019
AAGB/US- Holiday
Tue 28 May 2019
A 14:00 US- Consumer Confidence
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A 08:55 DE- Employment
AA 18:00 US- BOC Decision
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