dc CB 23:24 GMT May 8, 2014
this is not from the Onion
Reply
it's from today's Front page of the Wash Post. (where is Jon Corzine).
+++++++++++++++++++++++++++++++++++++
The yellow stickers affixed to the trash and recycling bins said �Take Me!�
And so they did.
Karini, 30, and her friend Timothy Logan Melham, 27, of Northwest Washington trolled the streets in and around Georgetown last month and picked some up, police said. They were arrested, briefly jailed and charged in a criminal summons with theft.
If she and Melham are guilty, she said, it is only of taking bins that were being discarded anyway. But regardless of whether the bins had �Take Me!� stickers, the police report notes, the �bins are D.C. government property.� An officer estimated the value for all 51 at $100, which works out to $1.96 a bin.
Alleged theft of D.C. recycling bins marked �Take Me!� leads to arrest, charges
Tallinn viies 22:07 GMT May 8, 2014
eurusd
Reply
closed long euro at 1.3841. will rethink my strategy. seems euro made key reversal on daily chart?
Livingston nh 20:40 GMT May 8, 2014
Belgian DentistTh
Par - the Belgian buying is mostly foreign and fund related
Tallinn viies 20:30 GMT May 8, 2014
eurusd
Reply
talk is cheap. action please ECB.
GVI Forex Blog 20:17 GMT May 8, 2014
AUD and NZD
Reply
The ECB signalled easing in June and the EUR fell. The ECB kept policy unchanged but President Draghi, in the press conference, said it was "comfortable with acting next time". The unusually explicit comment caused the EUR to shed over a cent and pushed some countries' interest rates lower.
Australia & NZ Morning Thoughts
PAR 20:14 GMT May 8, 2014
Belgian DentistTh
Reply
The only idiot in the world left buying US treasuries
is the Belgian Dentist who had the worst investment track record of the world. Belgium is the largest buyer of Us treasuries after China and Japan
eu pat 19:37 GMT May 8, 2014
usd
really my last update today..but I chceked my positions...AUD/USD-there is new signal it is signal for short...so I stopped my long before night for minus 6 pips because is mixed picture now ( Chinese datas?)
Saar KaL 19:35 GMT May 8, 2014
usd
EURCAD heading to 1.5212 next day
prague mark 19:26 GMT May 8, 2014
usd
Buy ...
Entry: 1.3852 Target: 1.3983 Stop: 1.3840
done
eu pat 19:16 GMT May 8, 2014
usd
Thanks KaL...but I am not happy because money...It is only my personal freedom..I am usually happy/unhappy for another things as good trade.
If I will finish at tight s loses does not matter..this is job and nothing is perfect))
GVI Forex john 19:04 GMT May 8, 2014
Share Your Trading Ideas for Today
Friday's Market
China: CPI always closely watched but not much of a risk at current levels (2.40% y/y)
Germany: Trade - another number in the mix. I think I am the only one pointing out that GERMAN (not EZ) data have been turning soft very recently.
UK- Manufacturing and Industrial Output. Trade- In contrast to Germany, UK data have been strong recently.
Canada- Employment as in most counties this is a major data release. A give-back from March is expected. Canadian data tend to be volatile on a month to month basis.
Ukraine- Look out for the usual pre-weekend risk-off trade.
Caribbean! Rafe... 19:02 GMT May 8, 2014
EURUSD (Revised)
Reply
Hi guys, just a heads up.
EURUSD headed to 14746.
I had previously projected this level then revised it to 11400. Now I revise to the original projection which is 14746.
Saar KaL 18:59 GMT May 8, 2014
usd
Pat
Next day you will be happy I am sure
GVI Forex john 18:42 GMT May 8, 2014
Share Your Trading Ideas for Today
Looking into Friday, it hard for me to imagine that it will not be a risk-off session with a lot of political uncertainty possible over the weekend. We still do not know if there will be an independence vote on Sunday. Tomorrow (Friday) sees "Victory Day" celebrations which could see pro-Russian protests. Be forewarned.
eu pat 18:04 GMT May 8, 2014
usd
ok, before definitely take a rest ( drink wodka for end of WWII) I entered again the first portfolio against USD...enough usd strong for while
started long aud/usd 0.89384 and long eur/usd 1.38520
usd/cad at big preasure (under 0.0820) but still a good chnec for profit with tight sl.
london red 17:54 GMT May 8, 2014
usd
usdjpy at lower 20 day bolli. reversed here two days running. third time lucky for censored? s&p struggling to take 86/87 leaves only downside. but 30 odd bid well all year in usdjpy.
eu pat 17:18 GMT May 8, 2014
usd
I seldom trade CAD, but this level 1.0820-50 is main support for long term up trend...They shold break it but I see a big chance for try long for 50-100 pips.
As I wrot earlier about central banks..another example: BoC last week verbal intervened against strong CAD and stopped trend...it is difficult for trend players these days..
eu pat 16:53 GMT May 8, 2014
usd
1.08325 is correc of course..
london red 16:52 GMT May 8, 2014
usd
cable fib 29, 100 hour just below that. next 2 fibs 10 and 90, latter bang on 200 hour. looking to buy 10 down to 90 if seen but some work to do yet.
eu pat 16:50 GMT May 8, 2014
usd
what a life I relaxing...but checked usd/cad and bought now at 1.0825... I do not now...never rest at this market,,,sl 25 pips..risk trade
Saar KaL 16:41 GMT May 8, 2014
usd
USDCAD Minimum 1.0826
Thanks Red
Saar KaL 16:37 GMT May 8, 2014
usd
Great call
Major Buy here
going with this range
1.0908 1.0841
london red 16:32 GMT May 8, 2014
usd
loonie breaks april low and 38.2 of 1.02/1.13. 50% a few points above the 200 day, itself just above 1.07. this one starts to looking interesting below 1.08
GVI Forex Jay Meisler 16:19 GMT May 8, 2014
Jay's Trading Scenario for the ECB Meeting
This proved dead on
Jay's Trading Scenario for the ECB Meeting
GVI Forex Jay Meisler 14:07 GMT 05/08/2014 - My Profile
Watch 1.3850 now as that will dictate whether the meltdown has run its course.
eu pat 15:54 GMT May 8, 2014
usd
srry JPY is too weak...not only part weak for BoJ but as well for another cantries is Japan export problem. And see PoBC whot do with juan,,,this trend will continue..
eu pat 15:52 GMT May 8, 2014
usd
Hi Mailman, hard to say . Cable in nice uptrend.But volatility is slow everywhere this year.
I only guess that central bank controlled it. Fed is controlled USD since 2008, SNB as well. ECB at last week strongly doing its jobs..BoJ made a huge trend last year, but now JPY is too strong for them (import of enrgy and inflation is moving). RBA last month start to be verbal very strong, yesterday started RBZ. Only BoE is neutral (hawkish Carney , see strong cad when He was in BoC) and alowe make a trend on gbp. But I think for UK exporters is too strong. So every central banks want weak currency and volatilita is some days low. It is difficult to trade flat, It is univesity of trading,,easier is trending market (not for me-unpatient). One day inflation will rise too much and every will want strong currencies...volatilita will be huge..
GVI Forex Blog 15:41 GMT May 8, 2014
Global Markets News
Reply
Once again there were no surprises from either the BoE or ECB rate decisions. In his post-decision press conference, President Draghi offered another helping of dovish verbal intervention. In a way he partially abandoned Trichet's principle that the ECB never pre-commits, noting that the committee had laid the ground work for action in June, if needed
TradeTheNews.com US Market Update: Floating Higher Post-ECB Rate Decision
Paris ib 15:39 GMT May 8, 2014
Risk on (green) Risk off (red) Table
This referendum - if it goes ahead - is really not Russia's doing. Why should it impact markets? Or will everyone assume there is confrontation ahead? Armed confrontation. Between whom though? The guys in Kiev and the people holding the referendum?
Richland QC Mailman 15:33 GMT May 8, 2014
usd
Hi Pat, good Asian evening. What's happened with cable, used to be known as the beast?
I used to remember 5-7 years ago when this pair is exciting to trade what with 100-150 pips per day daily range. But now, it hardly moves. It's like if you do not catch the speeding train during major news releases, you can sleep and when you wake up, price has remained more or less the same.
eu pat 15:27 GMT May 8, 2014
usd
1.6938 ...maybe early but Its against trend...but sellers are active... I have a rest to tomorow...
eu pat 15:26 GMT May 8, 2014
usd
just update ..closed short rottwailer cable at 1.3938 now..
GVI Forex john 15:21 GMT May 8, 2014
Risk on (green) Risk off (red) Table
In response to the Draghi apparent forward guidance on policy earlier today on a possible policy easing, we are seeing lots of red (all green earlier) as interest rates in prime fixed income markets have fallen. An expectation of monetary policy support has given equity markets a boost. The yields for peripheral bond markets have fallen as well. Pre-weekend Ukraine worries about a possible independence vote could be providing demand for fixed income instruments as well. The U.S. 10-yr was last 2.58%, Obp,
The heat map color scheme of interest rates reflect yields. This aligns all the colors in the chart to reflect risk-on (green)
and risk-off (red).
Saar KaL 15:05 GMT May 8, 2014
Day's Trades
EURUSD Might get beat up
1.4012 1.3880
I am very OK with this range
GVI Forex john 15:01 GMT May 8, 2014
Risk on (green) Risk off (red) Table
One item that could affect trade into Friday is whether or not there will be an independence referendum on Sunday despite Mr. Putin's call to postpone it.
GVI Forex john 14:57 GMT May 8, 2014
Risk on (green) Risk off (red) Table
10-yr yield 2.589% and headed south. It was 2.63% earlier today. Personally, I continue to feel its the low side of yields (higher prices) that is the vulnerable side of the market. As of last Tuesday (week ago) the COT showed positions in the 10-yr Note futures as still short. Dovish Yellen and Draghi do not help put floor under rates. Worries about Ukraine do not help either.
Strange bond yields fall when stox are rising...
Saar KaL 14:56 GMT May 8, 2014
Day's Trades
will short NDX 3,554 to 3,585
Very Likely tgt less then 3,531
Belgrade TD 14:45 GMT May 8, 2014
Daily TA trade
Belgrade TD 16:57:14 GMT - 05/07/2014
... NatGas am looking for 3,95-4,00 ... IF ... entry at ~4,74
###
1/5 out ~4,62 to reduce risk ... same final target for rest ...
Saar KaL 14:38 GMT May 8, 2014
Day's Trades
EURJPY
Most like bounces back too
141.37 140.83
Entry Range US Session
Belgrade TD 14:27 GMT May 8, 2014
Daily TA trade
Belgrade TD 11:39 GMT May 7, 2014
Buy USDCHF ... Entry: ~0.875 Target: 0.883+ Stop: ~0.87
###
1/4 out ~0,879 ... just reducing risk ...
nw kw 14:24 GMT May 8, 2014
Ukraine
go eur you need it/gov. head games
Tallinn viies 14:21 GMT May 8, 2014
eurusd
Reply
after being stoped out took again long euro at 1,3855. target 1,3920. stop at 1,3805
GVI Forex Jay Meisler 14:16 GMT May 8, 2014
Jay's Trading Scenario for the ECB Meeting
From my scenario:
To sum up, I would feel stronger about my scenario if the EURUSD headed into the ECB meeting on a soft rather than a strong note as it would indicate some EUR shorts were setup into the press conference. The firmer EURUSD suggests otherwise and price action has raised the risks on both sides (run at 1.40 vs. failure to reach it) so keep an eye on 1.3950 on the upside (followed by 1.3967) as that will dictate whether the market has the firepower to go after 1.40.
GVI Forex Blog 14:16 GMT May 8, 2014
Reply
May 8, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, May 9. Updated: Trading News Events Calendar
HIGH IMPACT NEWS RELEASES: CN- CPI, DE- Trade, GB- Industrial/Manufacturing Output, Trade, CA- Employment
GVI Forex Data Outlook for May 9, 2014
eu pat 14:16 GMT May 8, 2014
usd
so usd is stonger as metioned...closed now long usd/jpy at 101.85 due Ukraine...holding short gbp/usd ( make me a worry)..
So again closed eur/usd too early but I am glad...better choice was full position in eur and not to diversify...but not all is perfect ( see my short eur/jpy from yesterday stopped at BE and now it is there where is its place))
Thats all for today..
Livingston nh 14:14 GMT May 8, 2014
Yellen Testimony
Yellen may be questioned harder re: rate hikes (Senate staffers) and excess reserves policy -- stox up but fading the open here as Yellen may stumble (yen/SnP??)
GVI Forex john 14:14 GMT May 8, 2014
Calendar -- Daily Forex Data News
Reply
May 8, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, May 9.
Updated: Trading News Events Calendar
HIGH IMPACT NEWS RELEASES: CN- CPI, DE- Trade, GB- Industrial/Manufacturing Output,
Trade, CA- Employment
- Far East: CN- CPI, JP-Lead Indicators.
- Europe: DE- Trade, GB- Industrial/Manufacturing Output, Trade.
- North America: CA- Employment, US- Wholesale Inventories, COT Report.
Saar KaL 14:10 GMT May 8, 2014
Day's Trades
Vey likely EURUSD
Bounce back 1.3915
Not sure
Small Long
Stop at 13830
nw kw 14:04 GMT May 8, 2014
NFP
red when will gov. leave the market
GVI Forex john 14:03 GMT May 8, 2014
Risk on (green) Risk off (red) Table
Lots of green in equities after Draghi and we already know where Yellen stands. Yellen said yesterday that the Fed does not target stock prices. On the other hand, it is pretty clear that higher stock prices are seen as supportive of policy.
U.S. 2.62% +4bp
DE 1.45% -2bp
GB 2.65% 0bp
london red 14:01 GMT May 8, 2014
NFP
cable will be preyed upon once eurgbp is done. its usually a matter of time.
Paris ib 14:01 GMT May 8, 2014
Yellen
Reply
Any point listening to Yellen today?
tokyo ginko 13:59 GMT May 8, 2014
NFP
eur/usd sees first target 1.3760/65
GVI Forex Jay Meisler 13:54 GMT May 8, 2014
Jay's Trading Scenario for the ECB Meeting
Shorts threw in the towel or got stopped, market bet on 1.40, got close (1.3993) and now we are back to where the EURUSD was trading (1.3875) when it spiked on the services PMI. Like a zero sum week but painful for those long above 1.39.
tokyo ginko 13:50 GMT May 8, 2014
NFP
today ! thanks Draghi for the push!
tokyo ginko 13:48 GMT May 8, 2014
NFP
could be today / tomorrow ....
london red 13:44 GMT May 8, 2014
Jay's Trading Scenario for the ECB Meeting
worth watching eurgbp rate. all week corporates have been under 8200 helping to keep euro bid. if they dont/cant this time then 8167/50 looks on the cards and so lower euro to 3850 region
london red 13:39 GMT May 8, 2014
Jay's Trading Scenario for the ECB Meeting
i think its managing the rate thats all. they stay independant and buy some time while not committing themselves to doing anything in june. do forget us data by june should be a bit stronger and this will hamper euro gains as much as anything. im quite convinced they want to see it out and do nothing as they believe (rightly so imo) that the recovery is just around the corner.
Paris ib 13:36 GMT May 8, 2014
Jay's Trading Scenario for the ECB Meeting
John - very strange. If the Euro is rising because capital is exiting other jurisdictions (I think he hinted at Russian capital) then I don't think there is much they can do about it. QE isn't going to make any difference. A resolution in the Ukranian crisis might and that's out of their hands. If that's the background then no lasting impact on the Euro I would think.
GVI Forex Jay Meisler 13:35 GMT May 8, 2014
Jay's Trading Scenario for the ECB Meeting
As I said it seemed to be an off the cuff remark but reaction to news is all that counts. Stop city until the pause above the 200 hour mva (tks red)
GVI Forex john 13:31 GMT May 8, 2014
Jay's Trading Scenario for the ECB Meeting
ib- I agree that this was a rather strange and unsettling press conference. Once again Draghi spoke aggressively but did not announce anything. He has raised the stakes for the June meeting. I'm not sure this was his goal?
I also wonder if there will be a lasting impact on the EUR??
Yellen due to start. same prepared text as yesterday.
london red 13:18 GMT May 8, 2014
Jay's Trading Scenario for the ECB Meeting
JM, think the forward guidance killed two birds with one stone. shows they dont act according to politicians wishes, second knocks euro on head with threat of action in june, although chances of action might be smaller than market currently expects.
Paris ib 13:18 GMT May 8, 2014
Jay's Trading Scenario for the ECB Meeting
I think his main concern is the exchange rate. Something on the table for June if the exchange rate hasn't fallen by then. The concern about inflation is just a smokescreen IMVHO.
Paris ib 13:13 GMT May 8, 2014
Jay's Trading Scenario for the ECB Meeting
Absolutely Jay... still a bit weird. First off bond yields have and are falling in Europe. There is no real need for QE.... market borrowing rates are set in reference to the short end more than the long end of the yield curve so it would not have the impact QE has in the US where mortgage rates are set in reference to 30 year bonds. So QE why? Is he saying that the ECB agreed to try QE if the exchange rate appreciates too much? Very odd.
london red 13:13 GMT May 8, 2014
Jay's Trading Scenario for the ECB Meeting
its clear they wanted to be seen as independant, hence the avoidance of direct talk re fx, but the forward guidance (disappointment with pause) was quite clear attempt to stifle fx as inclusion of staff projection allows them to avoid action come june.
Tallinn viies 13:12 GMT May 8, 2014
eurusd
Reply
seems to be market where you just need to buy the euro. close the screen and come tommorow and take profit. :)
GVI Forex 13:12 GMT May 8, 2014
Jay's Trading Scenario for the ECB Meeting
Key headlines from eartlier
*DJ Draghi: First Want to See Projections Available in Early June
*DJ Draghi: Council Is Comfortable With Acting Next Time
so decision next month tied to projections in June and presumably interim data. Bias would seem to favor an easing of policy at that time?
Amman wfakhoury 13:10 GMT May 8, 2014
EURUSD 13975 confirmed
13902 reached as previous confirmed.
now we are looking for 13832.
GVI Forex Jay Meisler 13:09 GMT May 8, 2014
Jay's Trading Scenario for the ECB Meeting
It seemed more of an off the cuff than a planned comment (otherwise it would have been in the prepared text) but reaction to the news is what is more important, caught the market long
nw kw 13:09 GMT May 8, 2014
religion
you live in hell for your not a man
tokyo ginko 13:07 GMT May 8, 2014
Jay's Trading Scenario for the ECB Meeting
they decide today no rate cut change.....then they saw eur/usd spike up to break 1.40...then they said they will decide in June (forward verbal intervention)
Amman wfakhoury 13:07 GMT May 8, 2014
religion
we are not sitting in church..we are trading forex.
just put a shose in you mouth.
Amman wfakhoury 13:05 GMT May 8, 2014
EURUSD 13975 confirmed
Amman wfakhoury 12:22 GMT 05/08/2014
13975 confirmed and will be reached...any decline below 13940 will return to it if 13975 did not reach.
The break and the close of 1hr bar below 13940 means 13918 will be reached.
-------------------------
13918 reached
GVI Forex Jay Meisler 13:03 GMT May 8, 2014
Jay's Trading Scenario for the ECB Meeting
This is what triggered the EURUSD fall
5/8/2014 8:53:02 AM
(EU) ECB's Draghi: Council would be comfortable acting at the June meeting, if needed
- Source TradeTheNews.com
nw kw 13:00 GMT May 8, 2014
religion
The clergyman had spoken so touchingly, the children who were confirmed had been greatly moved
clergyman = priest
confirmed = you are a full catholic now 3d step
I f had it
eu pat 12:59 GMT May 8, 2014
religion
sorry for wrong name of post...just mistake nothing else..
london red 12:59 GMT May 8, 2014
Jay's Trading Scenario for the ECB Meeting
much of the market looking for this forward guidance hence limited fall so far. still well above 200 hour, so any fall has yet started. having said that i have covered at fib c 1.39. while below 35/50 risk is for lower.
Tallinn viies 12:57 GMT May 8, 2014
eurusd
Reply
bought euros at 1,3910. stop at 1,3860
target 1,3990-95
eu 12:57 GMT May 8, 2014
religion
out from eur/usd 1.38950 holding g/u and usd/jpy
Belgrade TD 12:55 GMT May 8, 2014
religion
What are you talking about ??? ... send email to John and explain ... religion and private belief are not the same things ... you can criticize and comment religion but not one's beliefs ... anyway clear this with John ...
nw kw 12:51 GMT May 8, 2014
religion
no confirmed levees or I do
GVI Forex john 12:45 GMT May 8, 2014
U.S. Weekly Jobless Claims
Weekly Jobless claims data improves.
Click on chart for ten-year history
GVI Forex john 12:44 GMT May 8, 2014
religion
Help me FIND the offensive post. We don't know what you are referring to.
nw kw 12:42 GMT May 8, 2014
religion
if you do not block confirmed I will leave this place
GVI Forex john 12:40 GMT May 8, 2014
religion
Im trying to find the post you refer to
london red 12:38 GMT May 8, 2014
Jay's Trading Scenario for the ECB Meeting
now had small referal to fx. if that is all 1.40 is a given. as you say q&a will surely encourage him to comment further, as its the main question.
GVI Forex Jay Meisler 12:35 GMT May 8, 2014
Jay's Trading Scenario for the ECB Meeting
May have to wait for the Q&A for an fx comment - EURUSD extends high on lack of fx comment (so far)
Otherwise, dovish Draghi as expected, market ignoring it
New 2014 high, now watch 1.3950-67 as needs to hold for 1.40 to be on the radar.
nw kw 12:35 GMT May 8, 2014
religion
Whay post confirmed are you black
GVI Forex john 12:33 GMT May 8, 2014
religion
What post??
nw kw 12:32 GMT May 8, 2014
religion
Reply
religion ???????????????????????????????
The clergyman had spoken so touchingly, the children who were confirmed had been greatly moved
f him big time
London Misha 12:29 GMT May 8, 2014
President Putin story...
Reply
I'm hearing from some sources out of France suggesting President Putin of Russia may have advance prostate cancer - no more than just talk as yet! Anyone heard anything on this? Is it just bs?
GVI Forex john 12:28 GMT May 8, 2014
May 2014 European Central Bank (ECB)
red- Trichet was bid on forward guidance, but we have not heard much from Super Mario. On the other hand, I never understood how it helped to signal a policy change one month in advance?
london red 12:23 GMT May 8, 2014
May 2014 European Central Bank (ECB)
a lot of the market is looking towards the june meeting for action from the ecb, when new staff projections will be released. going on past meetings/action, any action should be at least referred to during todays press conference. if not, the market will probably put aside the chance of any action and this will help the euro to bottom out quickly even if draghi discusses the fx rate.
Amman wfakhoury 12:22 GMT May 8, 2014
EURUSD 13975 confirmed
Reply
13975 confirmed and will be reached...any decline below 13940 will return to it if 13975 did not reach.
The break and the close of 1hr bar below 13940 means 13918 will be reached.
The only one in the world who confirms the next level
London Misha 12:21 GMT May 8, 2014
Observations
Reply
EURUSD - Bearish Harami on Daily Chart but today possibility of a Key Reversal Day!
USDJPY - Bullish Harami as bounces up off Jun13-to-date Uptrend.
GBPUSD - Bearish Harami on Daily Chart.
USDCHF - Bullish Inside Day with Closing White Marubozo on Daily Chart.
EURGBP - Indecisive Long Legged Doji on Daily Chart!
AUDUSD - Bearish Harami on Daily Chart but today possibility of a Key Reversal Day!
USDINR - Small Bearish Harami but could also be seen as an Indecisive Spinning Top on Daily Chart.
USDZAR - Closing Black Marubozo and today breaches Long MA support with new low for 2014 on Daily Chart.
USDBRL - 2nd Black Crow after Bearish Engulfing Pattern on Daily Chart.
nw kw 12:01 GMT May 8, 2014
Jay's Trading Scenario for the ECB Meeting
nw kw 19:31 GMT March 31, 2014
EURJPY 142.12: Reply
The clergyman had spoken so touchingly, the children who were confirmed had been greatly moved
you are insulting 1/2 world-----------f you
london red 11:54 GMT May 8, 2014
Jay's Trading Scenario for the ECB Meeting
58 (50% of 160/120, always caused for hampered movement) and 67 (recent high), barriers at 75 and 1.40. if draghi discusses fx then 200 hour likely. below 13850 then a deeper correction that is unlikely to be recovered today.
London mike 11:52 GMT May 8, 2014
Jay's Trading Scenario for the ECB Meeting
so so 1.3950 is pivotal for bias as Jay would say, right? :) That would be so funny... Draghi BLA BLA and market hits new 2014 eur/usd high
london red 11:40 GMT May 8, 2014
Jay's Trading Scenario for the ECB Meeting
if they do nothing and fail to mention fx rate in statement then only a breach of 1.40 can be considered, downside will be unlikely. however going by past meetings, you feel the currency will be mentioned so a bit of profit taking may occur, but as long as they do nothing, it will be a dip that should be bought. a small rate cut and jawboning may have a longer last effect until next week for example, but only the onset of qe can knock the euro into a downtrend and even then it will require a run of stronger us data.
GVI Forex john 11:25 GMT May 8, 2014
Share Your Trading Ideas for Today
Reply
I heard early this morning that some German economic group says EURUSD 1.5500 point of pain for Germany. 1.2000 WAS the point of pain for Greece. How does Draghi square the circle?
General perception apparently is that EURUSD 1.4000 is the point of pain for the EZ.
Odds are Draghi TALKS dovish but does nothing. He could also talk down the EUR.
nw kw 11:20 GMT May 8, 2014
crusin for a brusin... !
cat oil is going TO us west LA has no oil Xsport restrictions/LA is ramping up for this /////////////// ha ha MR O
Cambridge Joe 11:03 GMT May 8, 2014
crusin for a brusin... !
Reply
Cable.... OK ! sold @ 6964.
See the chop created by the algos switching over.... Ha !
HK RF@ 10:45 GMT May 8, 2014
Get's hot isn't it?
There are other big business and industrial interest to protect not only wheat.
If the Russians will not intervene, probably they will slaughter the pro-Russia insurgents.
Hong Kong Ahe 10:42 GMT May 8, 2014
They don't like listen Putin ;;)
From the very beginning, they didn't listen to Putin. It was the issue of EU and US ignored them, the local people living there as they are the first party and not political puppet as urged by EU/US. The first Geneva meeting, Ukraine govt said they would release those separates but after they received the money from EU, they sent troops to kill the separates and none were released. If you were the local there, they didnt trust the current puppet Ukraine government too.
nw kw 10:39 GMT May 8, 2014
Get's hot isn't it?
he is protecting his wheat belt they took 50y ago f him
HK RF@ 10:36 GMT May 8, 2014
Get's hot isn't it?
Reply
Ukraine deploys 15,000-strong military force near Russia�s borders � Antonov
Russia May 08, 14:20 UTC+4
MOSCOW, May 08. /ITAR-TASS/. Ukraine has deployed 15,000-strong military force near Russia�s borders, Russian Deputy Defense Minister Anatoly Antonov said.
HK RF@ 10:26 GMT May 8, 2014
They don't like listen Putin ;;)
Reply
DONETSK, Ukraine (AP) -- A pro-Russia insurgency in east Ukraine has decided to go ahead with a referendum on autonomy despite a call from Russian President Vladimir Putin to delay the vote.
The coordinating committee of the so-called Donetsk People's Republic announced after a meeting Thursday that it would hold the vote on Sunday as planned.
Putin on Wednesday had urged them to delay the referendum, which many fear could be a flashpoint for further violence between Ukrainian troops and the pro-Russia militants who have seized government buildings in about a dozen cities in eastern Ukraine.
Saar KaL 10:26 GMT May 8, 2014
Day's Trades
NY close
1.4889 1.4800
lower then 1.4830 Longs is fine
gbpchf...week close
1.4889 1.4800
Saar KaL 10:17 GMT May 8, 2014
Day's Trades
Gold
friday
1,333.7188 1,278.1066
NY Close
1,303.2009 1,281.6519
Saar KaL 10:14 GMT May 8, 2014
Day's Trades
Silver NY Close
19.7595 19.1154
Week Close
20.1860 18.9617
Saar KaL 10:12 GMT May 8, 2014
Day's Trades
eurusd close this week
1.3971 1.3887
cable closes
1.7024 1.6929
NY close
1.6984 1.6929
i think it is still not done
nw kw 10:11 GMT May 8, 2014
Ukraine
ECB rate decision will do nothing for now
eu pat 10:08 GMT May 8, 2014
Ukraine
It is clear that Putin only speaks..
I am afraid of big tension on 9th of May...end of WWII..
They can atack fascist... I will buy JPY at the end of day, but I will see what happend till evening..
Cambridge Joe 10:08 GMT May 8, 2014
Day's Trades
Cable in particular...
Saar KaL 10:05 GMT May 8, 2014
Day's Trades
which pair Joe?
CADJPY shorts above
93.70 till .93.9
for 93.30 tgt
93 close week possible
GVI Forex john 10:03 GMT May 8, 2014
Ukraine
Reply
Reports a little while ago that pro-Russian separatists are rejecting Putin's call yesterday to postpone the Sunday (May 11) independence referendum.
Cambridge Joe 10:01 GMT May 8, 2014
Day's Trades
KaL NY buys usd ...? You think ? Looks it to me...
nw kw 09:59 GMT May 8, 2014
Day's Trades
it loves to retrace than up your right see if 80 holds / shod drop
Saar KaL 09:55 GMT May 8, 2014
Day's Trades
Kw
OK...Good level
AUDUSD above .94 to .9450
is a sell level till end of friday IMO
0.9313 to 0.9250
is what i expect to close the week
nw kw 09:50 GMT May 8, 2014
Day's Trades
see yen gold not up so he is selling e/y
Saar KaL 09:49 GMT May 8, 2014
Day's Trades
I doubt EURJPY goes any higher then 142.30 for the rest of week
Short tgt 141.30 to 140.80
eu pat 09:48 GMT May 8, 2014
usd
Yes, it is only day trade...against trend..maybe not too clever...but this is my life))
nw kw 09:48 GMT May 8, 2014
usd
in time you will see how that gold charts helps give it tine
nw kw 09:45 GMT May 8, 2014
usd
I have live xeur charts it down eur/gbp up market loves eur and gbp for now but one day bang
eu pat 09:41 GMT May 8, 2014
usd
kw. yes a mean that USD stronger next hours..
not sure about gold because I do not trade gold..
I started build my positons just a few minutes ago..long usd/jpy, sort gbp/usd and eur/usd..maybe too early but i wil add later if goin oposite.. CAN BE A TRAP THIS SET UP!
sl in the place in this crazy day))
nw kw 09:33 GMT May 8, 2014
usd
xeur jumped =strength?
Amman wfakhoury 09:32 GMT May 8, 2014
EURUSD 13940 confirmed
Amman wfakhoury 07:44 GMT 05/08/2014
13940 confirmed and will be reached unless 1hr bar closed below 13916.
_____________________________________
13940 reached
The only one in the world who confirms the next level
nw kw 09:22 GMT May 8, 2014
usd
your mean////////
nw kw 09:21 GMT May 8, 2014
eur/jpy
sel eur/usd//////eur/aud on big pivet
bali sja 09:20 GMT May 8, 2014
usd
Reply
more and more bottom pickers for usd I see, guess I can sleep well with my existing sell usd positions :)
getting worried only if there is growing number here going short usd ;) so far GV and GVI indicator works really well
GVI Forex john 09:18 GMT May 8, 2014
Risk on (green) Risk off (red) Table
Reply
Lots of green early on Thursday. Markets moving back into in a "risk-on" posture ahead of the ECB and BOE decisions due in a little while. NOte even the 10-yr bund yield has risen. Early in Europe, yields in prime fixed income markets are mostly higher. Equities are higher following the recovery late Wednesday in the U.S. and a possible easing of Ukraine tensions?
Far East markets ended higher. U.S. S&P futures are up slightly. The peripheral European bond yields are higher. The U.S. 10-yr is 2.63% +5bp.
The heat map color scheme of interest rates reflect yields. This aligns all the colors in the chart to reflect risk-on (green) and risk-off (red).
Saar KaL 09:07 GMT May 8, 2014
Day's Trades
will be a boring rest of the week
i suggest you buy gold and silver on dips
nothing else
GVI Forex john 08:56 GMT May 8, 2014
April 2014 Swiss CPI
EARLIER: Swiss April and March CPI(+0.00% y/y).
eu pat 08:53 GMT May 8, 2014
eur/jpy
Reply
out from yesterdays short at BE...again did not take solid profit..
what next? I prepared to sell any spike up on gbp/usd after BoE (near/above1.7)
and then after ECB when Draghi will speak sel eur/usd..
usd /jpy looks bulish, aud, nzd crosses as well
Good luck on this difficult day))
london hs 07:57 GMT May 8, 2014
Day's Trades
Buy EURUSD
Entry: Target: Stop:
hi everyone i trade forex and i use [URL="http://www.forexsignal.me"]forex signals[/URL]
including a good broker.. trading eurusd and usdchf..
henry
Saar KaL 07:47 GMT May 8, 2014
Day's Trades
Reply
Buy and Sell ranges
for the time frame
Amman wfakhoury 07:44 GMT May 8, 2014
EURUSD 13940 confirmed
Reply
13940 confirmed and will be reached unless 1hr bar closed below 13916.
13903 was reached during Asia.
Hong Kong AceTrader 06:53 GMT May 8, 2014
AceTrader May 8: Intra-Day Market Moving News and Views GBP/USD
Reply
Intra-Day Market Moving News and Views
08 May 2014 06:18GMT
GBP/USD - 1.6963.. What goes down must rebound.
Despite initial brief break of Wed's low at 1.6951 due to long liquidation of sterling vs usd, yen & eur in Asian morning, the pound quickly rebounded after a quick dip to intra-day low at 1.6944 n as price has continued to ratchet higher at European open, sterling is expected to outperform euro in European morning.
Initial offers at 1.6960 have been absorbed n more are noted at 1.6980/85, break there wud give cable the ticket to 1.7000 lvl where a mixture of selling interest n stops is touted to be just abv there. Bids have been raised to 1.6955-50 n more below with stops reported below 1.6920, so trading the pound fm long side is the way to go ahead of the MPC rate announcement at 11:00GMT.
08 May 2014 02:44GMT
GBP/USD - 1.6948.. The British pound remains under pressure in Asia morning as renewed cross unwinding in sterling vs eur & yen knocked price below y'day's low at 1.6951 (NY), suggesting sterling bulls have to be a tad more patient b4 cable re-tests Tue's near 5-year peak at 1.6996.
Although some stops were tripped below 1.6950 on intra-day weakness, more buying interest is touted at 1.6940-20 area, therefore, position traders shud make use of current minor retracement to establish long positions.
On the downside, more stops are reported below 1.6900 whilst offers are noted at 1.6970 n more at 1.6980/85 with a mixture of selling interest n stops near 1.7000.
No UK eco. data is due out today but market is paying close attention to outcome of the BoE MPC policy meeting. Although BoE is expected to stand pat on its monetary policy (rates & QE programme), recent upgrades on U.K. economic growth by OECD, European Commission & U.K. bodies plus rising U.K. house prices are heightening market speculation of an earlier start of the tightening cycle, so the pound shud be supported on dips, however, we have to wait until next Wed for the release of today's MPC minutes.
KL KL 05:20 GMT May 8, 2014
SELL AUDUSD!!!
OUT 4/5 AUDUSD SHORT HERE.....9367...rest .9372.....keep till stops taken and attack again above .9383 above...day is still young.....want to see it pop higher to whack it down again like .94 Dream?? last post ..time to cover some ASX stocks and call it a day!!...gl gt...imvho DFM...DYOR!!
bali sja 03:55 GMT May 8, 2014
short aud/usd position play here
LOL what happens now to RBA Steven's 0.85? 0.9320 proves exactly as my directional level, gone above, tested and resuming up trend, good luck!
KL KL 03:09 GMT May 8, 2014
SELL AUDUSD!!!
ha ha...came back in time to relentless short AUDUSD again ....9374.....all stops ...limit order working nicely....no sham from broker...cannot be happier...but never let guard down.....interesting days ahead!! glgt
Hong Kong AceTrader 02:09 GMT May 8, 2014
AceTrader May 8: Intra-Day Market Moving News and Views USD/JPY AUD/USD
Reply
Intra-Day Market Moving News and Views
08 May 2014 01:50GMT
USD/JPY - 101.82 ... Despite dlr's brief drop below Tuesday's low at 101.50 to 101.43 yesterday, the greenback ratcheted higher to a session high of 102.01 in NY after Federal Reserve Chair Janet Yellen indicated continued central bank support for the U.S. economy.
Price later retreated briefly to 101.58 on profit-taking before rising again to 101.96 in Asian morning today.
Bids are now located at 101.70 and 101.60 whilst some offers are tipped at 102.00 with stops only seen above 102.20.
Yellen said the U.S. economy was still in need of support from the central bank given the "considerable slack" in the labor market. She also cited the housing sector and geopolitical tensions as issues of concern.
08 May 2014 01:36GMT
AUD/USD - 0.9355 ... The Australian dollar jumped to 0.9362 after the release of better-than-expected Australian jobs report. Australia's employment change was 14,200 in April versus economists' forecast of 8,800 together with upwardly revised reading of 21,900 from 18,100 in March. Australian unemployment rate came in at 5.8% versus the expectation of 5.9%.
tokyo ginko 01:43 GMT May 8, 2014
Australia
need to update, summer savings for the release of data, (eg Aussie Employment data, already released, but portal shows 46 mins to relasease..)
thanks
KL KL 01:39 GMT May 8, 2014
SELL AUDUSD!!!
cover another 1/8 here... .93503..and another 1/8 .9347...or stops on the rest .9354.....cos so hungry and have to do some chores...water plants....LOL
KL KL 01:36 GMT May 8, 2014
SELL AUDUSD!!!
Reply
Ultra relentless..... 0.9360... no need to think........
he he so fast and have to cover 1/2 here .9355..... too heavy short boat.....have to take profit and now re-ponder....LOL
GVI Forex 01:32 GMT May 8, 2014
Australia
Reply
NEWS: AUSTRALIA APR UNEMPLOYMENT RATE 5.8%; MNI MEDIAN 5.9% AUSTRALIA APR LABOR PARTICIPATION RATE 64.7%; MNI MEDIAN 64.7%
NEWS: AUSTRALIA APR EMPLOYED PERSONS +14200 M/M; MNI MEDIAN +8200
NY JM 00:37 GMT May 8, 2014
Share Your Trading Ideas for Today
EURUSD tested this week's 1.3905 breakout level
Support extends to 1.3885/70 but 1.3905 needs to hold to keep a strong bid
Defense ahead of ECB decision should not be a surprise
Syd 00:07 GMT May 8, 2014
Russia Woes Hit U.S., European Companies WSJ
Reply
European and U.S. businesses, from banks to brewers, are blaming hits to their bottom lines on the political uncertainty surrounding Moscow's actions in Ukraine and Russia's worsening economy.
In Europe, where exposure to Russia is far higher, French bank Societe Generale SA said Wednesday that its first-quarter net profit fell 13% after it took a 525 million euros ($731.3 million) write-down on its Russian business.
Carlsberg A/S and Imperial Tobacco Group PLC both said that falling sales in Russia and a weak ruble had cut profit and would weigh on revenue for the remainder of the year.
In the U.S., multinational companies that sell to consumers say they are getting hit by the steep drop in the ruble, which has cut sales of imported goods ranging from makeup to pharmaceuticals. Others, ranging from satellite operators to financial firms, are directly feeling the pinch of punitive sanctions and other measures Washington has rolled out to pressure Russian President Vladimir Putin.
European companies have in recent years relied on Russia as a rare engine of growth amid the Continent's economic crisis and fitful recovery, making them more vulnerable to Russia's recent economic woes than many U.S. peers.
Those troubles are now being significantly worsened by the political standoff with the West. Many of the specific pressures -- a generally softening economy, a weakening currency and tighter regulations of imports like alcohol -- were already in play before the crisis. But the standoff, and threat of further economic sanctions against Russia, is now clouding longer-term revenue and earnings forecasts for many big multinationals from both Europe and the U.S.
Maxwell Technologies Inc., which makes chips for satellites that can withstand solar flares, says it has been hit by the U.S. government's decision to withhold export licenses for shipments that have military uses to Russia. The San Diego-based company projected it could lose $2 million in revenue this year without the U.S. export licenses.
Satellite operator Iridium Communications Inc., based in the outskirts of Washington, D.C., told investors it hopes to ensure its Russian launches aren't caught up in sanctions. "There is support for a realization that satellites being shipped to Russia to launch from a Russian launchpad is really not export into Russia, but really, frankly just an export through Russia into space," Iridium Chief Executive Matt Desch said.
A spike in political uncertainty and the imposition of targeted sanctions have put further pressure on the ruble and pushed the Russian economy toward recession. More evidence of the decline came on Wednesday, as the HSBC Purchasing Managers' Index, which tracks output of Russia's service providers and manufacturers, contracted in April at its swiftest pace since May 2009.
Societe Generale, France's third-largest listed bank by assets, blamed its profit declines on growing political uncertainty, Russia's sluggish economy and the ruble's deterioration. The bank owns one of Russia's largest private lenders, Rosbank.
Jitters in the U.S. have been particularly high in the financial-services sector since the U.S. Treasury Department imposed sanctions in March on Bank Rossiya, which it linked to Mr. Putin and his inner circle.
Visa and MasterCard stopped processing purchases made with cards from Bank Rossiya and its subsidiaries, and Mr. Putin responded by accelerating plans to develop Russia's own national card-payment system. Under new legislation, foreign card processors would have to handle all Russian payments domestically, use a settlement center owned by the central bank, post significant collateral, and face potentially large fines.
"I don't think this is a saber-rattling situation any longer, I think this is going to be tough to work for almost everybody, governments and companies, over the next few months or periods of time -- it might last longer than that," MasterCard Chief Executive Ajay Banga told investors on a recent conference call.
The big Danish brewer Carlsberg, which generates about a fifth of its revenue in Russia, cited the weak ruble and uncertainty in the country as reasons it swung to an adjusted net loss during the first quarter and forecast a bleaker outlook for the remainder of 2014.
Carlsberg CEO Jorgen Buhl Rasmussen said Wednesday the company now assumes Russian gross domestic product will be flat for the year, "where going into the year we assumed a GDP growth of 1% or 1.5%."
Unilever PLC, the world's second-largest consumer-goods maker, is also blaming the ruble's weakness for recent struggles. The company recently surpassed 1 billion euros in sales in Russia, having entered the country in 1992, but has seen many of its gains in the past year wiped out by the ruble's slide. Global sales in Unilever's most recent quarter fell 6.3%. WSJ
Syd 00:02 GMT May 8, 2014
China Property Slowdown to Weigh on Copper - Goldman Sachs -- Market Talk
Reply
A slowdown in the Chinese property sector and expectations that growth in copper-intensive constructions will remain weak could weigh on copper prices, Goldman Sachs says in a report. Copper is widely used in construction and the investment bank estimates that the property and related sectors account for 60% of consumption. Goldman Sachs has a bearish view on copper in 2014 and expects prices to fall to $6,200/ton. LME 3-month copper ended down 1.0% at $6,654.50/ton Wednesday.
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